How would you possibly know anything about what's in my bank account?  You just make up lie after lie pretending you're watching me from outside my window or something.  You know exactly zero about what I am or am not buying or selling.  So many idiots on this forum pretending that if you don't have 100% of your entire net worth in bitcoin that it's somehow a terrible idea.  In reality, that's about the dumbest possible thing you can do.  Even Anonymint agreed on that, that's it's nothing but a speculative asset, but now he's doing a 180 and claiming craptocurrency is the future of world civilization!!!111111

Newsflash:  if a craptocurrency such as bitcoin was the world reserve currency, you would be living in a dystopia.  Anyone who claims bitcoin is something other than a centralized rent seeking usury system is flat out lying. Even if these Orwellchains scaled in some manner to high TPS, they would still centralize under cartels, and the cartels are going to extort you for Paypal-style highway robbery no matter if the chain is 3 or 3000 TPS in the end.

Not when the financial news section about bitcoin currently reads:

This grotesque bubble is blowing apart right now

In something like gold and silver you can at least say "ok, the price is only a tiny bit over cost of production so it's not gonna go lower".  In bitcoin, cost of production is recursive based on it's own demand, so there's never any real price floor ever and the thing is always just going to be a pump and dump game to see who can jigger the price up then bail out, or attack the non-existent cost of production floor with shorts to create a new lower synthetic floor to cover as miners are forced to shut down.  

The economics of bitcoin are honestly cringe worthy when you hear people claim this is some type of form of "sound money".  This is like an extended replica of the Jewish Ponzi system that already exists where nobody can figure out what the real value of anything is and everything is entirely based around nothing but manipulation.

@anonymint:  cryptocurrency is not money and will never be money.

Remember how Rome debased the denarius from 90%+ silver to basically 0% silver?  I bet there were some rubes telling people silver is dead and no longer money then too, then here comes...hundreds of nations using silver again afterwards.  Cryptocurrency is garbage:


In fact, you should be tarred and feathered for even attempting to infer craptocurrency is some type of form of sound money at all:


#craptocurrencyscam

#inphysicalsilverwetrust

Short covering is over, back to crash mode:

Perhaps the constant "hey guys, I don't really hate monero, but I hate monero!" posts.





I did not liquidate all btc for silver in 2015 or 2016.  Only this fool sidhujag keeps repeating that lie.  I dumped bitcoin around the peak before it collapsed during the halving then bought back lower and started buying silver a little later.  I'm STILL buying more silver every single week.  Here's my weekly silver order for this week paid for with bitcoins that were dumped at $2700:





I actually bought LTC solely from the free money bull flag before I saw you say anything about it.  It was entirely a technical trade.

All four bitcoins?

Nice, Blythe Masters is back.  When are we going to pump silver?  Is there another temporary fakeout to the $14.6 level first, or is it straight skateboard ramp moonshot from here to $3000 gold $90-120 silver?

How can you not panic when they're putting stuff in the water to turn the frogs gay?

http://www.youtube.com/watch?v=9JRLCBb7qK8

The "bitcoin can only go up, buy every dip!" crowd has been getting rewarded for an abnormally long amount of time, so it's inevitable a bear market rape correction sweeps in at some point to dislodge a fool and his money.

If everyone dumps at the same time, we can all rebuy at $200 and start over again?  Quick, someone call up the Winklevoss.

We are going to Barry Silbert the fuck out of the GPU chain and just mine at a loss until all ASIC companies are bankrupt because aggregate GPU miners can outlast them with ease.

Yea, bitcoin is currently the worst of both worlds.  People claim it's purpose is decentralization, yet if they actually cared about that, they would fork it to a new PoW to be GPU mineable.  If we're going to continue the scheme under ASIC centralization, you may as well scale while being centralized and unleash blocksize to the moon.  So as I said, we now have the worst of all worlds with all the negatives of each philosophy and no benefit of either one.

There is ZERO reason for bitcoin to exist with non-commodified ASIC mining, so my vote is give everyone the middle finger and fork PoW to GPU mining so we can pretend bitcoin has some type of reason to exist.  If anyone who has some type of credibility like being a former BTC dev attempts a PoW fork, the GPU fork will win simply because the GPU side will have far more actors, many of which are willing to mine at a loss for extended duration, while all the ASIC warehouses will shut down immediately like KNC did.

It sounds like you need to power up via Alex Jones Super Male Vitality pills in order to spot the real bottom:

http://www.youtube.com/watch?v=xCkS8RXCDUs

No, but feel free to make up more stuff.  I did sell most at $2700 then the rest at $2500 though.

I remember the "cheap coins" guy back from June:

For anyone who doesn't know how this game works, the second a bunch of people make some enormous life changing amount of money, that's when the whole house of cards comes collapsing down for a reset into a new bear market before next bull market begins.  People like Vitalik are up +$100 million, and traders who know absolutely nothing about cryptocurrency but bought Eth due to hype made lots of money from the R3 criminal bankers pumping it.

All of those people will now create a rush for the exits as the price collapses.  When nobody is up some enormous amount of money after an extended period of time, there's a chance for another bull run to begin.  This is the same thing that played out in the metals market with the bear run pretty much reaching it's end now.