Ridiculous, socialism has been proven time and time again to fail. People keep falling for the same mistakes, if you don't learn from history you are doomed to repeat it.
I agree. Plasma TVs are a terrible choice in 2013  Sorry for the necro-post, but I couldn't resist: in 2013 plasmas were THE BEST choice for quality TVs, same picture quality as best OLEDs, at a fraction of the price. The problem is with the article saying someone wanted a 'Sony plasma', which is retarded: Sony quit the plasma business years ago, at that time it was still possible to buy Panasonics (very good), but now only Samsung (still good) and LG (meh). Sorry for not reading the whole thread, maybe someone already pointed out the oddities. |
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We've polluted our planet enough, seems a bit backward digging up that dirty black stuff.
Why not stick a load of solar panels across the Sahara desert?
Because they would be stolen / destroyed? |
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I'm not against exploration, but let's wait and see what will happen in Poland with the actual extraction,
evaluate the risks to the environment, then maybe try it in Romania in less populated areas.
If Russian gas will become too scarce, then if the risks are low enough, allow extraction.
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Speculator fiat pumped the price to 1000+, speculator fiat can also pump the price to 5000+. The problem is where will that fiat come from?
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...Is there such a thing as a reversed cup and handle, specifically?...
masterluc seemed to think so at a point, in his 'Analysis never ends' thread. I commented that it's going to happen only if the Chinese exchanges shut down. |
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To enter the mania phase of a new bubble, bitcoin needs more bagholders. Most came from China during November - December 2013.
They will now act as resistance above 800$, because the Chinese exchanges are being starved of new fiat.
Show me another source of new bagholders and I'll believe in a new mania phase. Until then, modest rises, if we are in an uptrend, which is not yet sure.
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OMG, I just realized the world population is a BUBBLE! Soon, because of FUD (from China?) it's going to experience a corrective wave A!  |
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Right now is a bad time to invest in BTC. There should be a consolidation during the next 1 - 2 weeks.
If after that it breaks up, it should reach 800$ before a downward correction. If it breaks down, then it will drop well below 340$.
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Good idea OP, if it's possible to implement. But asking here is not going to help, I suggest you contact a Bitcoin core developer about it.
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Guys I have some bad news for short term speculators. I just got back from the future in my time machine and I managed to take a screenshot of 'wisdom.  Nice photochopping of the 3d chart, TERA! You are going to be called a perma-bear again!  Maybe, if after consolidation it breaks downwards, it may look like that. |
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It boggles my mind that the trend is like this with the sheer amount of new and large business that have adopted bitcoin lately.
Most of those businesses did not adopt bitcoin at all. They merely agreed to accept dollars from the sale of bitcoins that people already had, including cheap coins that had been dormant since 2013 or earlier. Bitpay expansion does little to increase adoption; it chiefly makes it easier and more tempting for long-time investors to sell some of their coins on the open market. Many people don't understand that there are 2 bitcoin economies: the original SR and like one, and the newer, legitimizing economy using Bitpay. But why would an early adopter (who bought below 20$) buy back with fiat the bitcoin that he spends today, at a 550$ market price? The smart thing to do, in order to buy back 1 BTC, would be to sell 4 BTC when a downtrend is obvious and then buy back 5 - 6 BTC (just an example) at a lower price. |
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Now we know how many Russian-speaking grandmas are needed to shoot down a large cargo plane! |
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... Liquidity is going to shit.  Which made the markets more vulnerable to pump and dump schemes. Blitz, would you mind sharing where did you get the Bitstamp bis sum / ask sum chart from? On Bitstamp the 4h MACD suggest the correction is over and now a consolidation period should follow, but Huobi may drop a bit further. |
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So essentially we can say either China has 10x more interest than the rest of the world or the numbers are cooked up if usd is isolated from yuan or rmb. What I care about is money coming out of fiat and into btc.
I am not sure what you mean, but: from all I have read, I am quite convinced that the November rally was entirely due to demand in the Chinese exchanges. Ditto for the December crash and partial recovery, the decline from February to April, the stagnation in May, and the the mini-rally a couple weeks ago. Not sure yet about the current decline, but it seems to have coinided with a new push to cut out the remaining channels of yuan deposit to the exchanges. I don't know how many coins are still in the hands of Chinese speculators and investors, but, if the markets there were to close and those coins returned to the Western market (which they probably would, since speculation seems to be the last significant utility of bitcoin in China), I am quite convinced that the price would drop to somewhere between 80$ (an estimate of where it would be if China had never entered the game) and 350$ (which it briefly reached after one of the PBoC scares). As for Mr. Lee's claims: his exchange BTC-China used to have the largest volume in China until the December crash. Since that time it has become insignificant, while Huobi, OKCoin, and the other Nameless Ones became dominant. (Huobi in particular seems to have bumped its volume just when BTC-China suddenly lost theirs). I watched that video and heard the claims, but did not see the evidence. His being elected to the board of the Shrem Karpelès & Friends Foundation, together with Mr. Pierce, did not help convince me. A few comments: the November 'rally' was the mania phase of the bubble, it would have happened anyway, but several months later. The Chinese mania could have lasted a bit longer if the PBoC wouldn't have decided to cut the funding to the exchanges. But the PBoC doesn't want to create a massive bitcoin crash, because of the potential social unrest associated with such a crash. So for now the Chinese exchanges are in limbo IMO, they can't truly fund another significant uptrend, but don't want to start capitulation yet. I already expressed my opinion that the closure of Chinese exchanges could drive the price to 100$ or below. However, they seem to plan a move outside the jurisdiction of the PBoC, which may be a turbulent market period, because they can easily transfer bitcoins from servers in mainland China, but customers' yuan could be tough to transfer to a new friendlier home. |
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Double bottom confirmed, huge enormous and juicy glorious pumps incoming, be prepared
Can you show me where´s the doble bottom in the BTC chart? It's not there, well not yet. The 550$ and 540$ double bottom is slightly bearish. To form a bullish one would require some upward volume from the 556$ local bottom. |
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The only thing I'm watching now is how the community respond to the 51% attack (yes, it is an attack). This will determine the fate of bitcoin in my eyes.
All things China and Silk Road are sideshows at this point.
If you have proof of a real and successful 51% attack, please post it, or a link to it. Until then, it's just a remote possibility. If the attack were real, we would see the price entering a death spiral. |
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I have some doubts that it will work properly in micro-gravity.
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...no, I mean I don't understand your question... first time I hear of this game !!
Oh boy, you'll have a lot of catching up to do... if you'll want to play: Morrowind, Oblivion, Skyrim, plus expansions and total mods. |
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