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For weeks I have watched you post thread after thread of astonishing crap. I know my SNR is high, but wow you destroy me.
All this splashing around in a paddling pool, you make it sound like the world is watching. It's all just noise. You win some you lose some.
The way you are playing it you basically have a 50/50 chance of catching a break. Anything in-between is gambling, and by all means you do so, no skin off my nose, and if you make a few quid on the way then good on you, but the delusions that I keep reading about. Just wow. Mostly I just skim and marvel. Tonight, the gin is with me and I gotta spout some shit too.
Quote this for truth:
Buy as much as the fuck you can, right the fuck now. End of January comes and all the sell the (OMG CHINA BANNED BTC) rumours, are gonna buy the news. Not to mention all the "lets see what happens at the end of jan" dollars sat on the sidelines.
When we hit 5 figures your +/-$10 dance is going to look just as silly as all those people arguing about whether it was going up or down a dollar when we were at $12.
Fish. On.
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Back in 2011 "the manipulator" threads were far better.
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LIke I always say. It is much different if you own bitcoins at single or double digits like 80% or more of bitcoin owners, than if you actually have to pay $1000 for a coin. These nutters wouldn't be telling you to sit and hold if they paid over $1000 with their hard earned fiat.
Investing at these prices you have to take a lot of precautions or you will lose a lot of money. I see no reason why the price can't go below $500 in just a few days.
Bitcoin is a house of cards, and is now a Skycraper of cards at these prices. All it would take is just a slight increase in people wanting to cash out and the price would fall so quickly.
you are honestly better off putting your money in dogecoin than bitcoin in my opinion. Just as much risk with a much higher reward. Bitcoin is just too darn expensive and you are relying on the hope that bitcoin holders will continue to hoard.
Dogecoin is empty and meaningless pump n dump, blatantly conceived as a kind of joke and a whole lot of people are gonna get bitten by the dog, at which point the joke may start to wear a little thin. Long before I invested in Bitcoin, I was spending them and aware of whole online marketplaces that were based upon them. This sort of real grounding in economic transactions gave Bitcoin psycholigical 'value'. WTF is dogecoin? Nothing but a fad that has probably already had its time in the limelight. All Alt-coins are based on nothing more than Bitcoins success. Most of them won't be around or relevant for very long....perhaps there is a dark horse amongst them that will turn to be the long term winner, but if there is, I doubt that it is Dogecoin. STRONG BUY INDICATOR /buys 1mil DOGE for lulz |
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The paypal 'problem' was that they shut you down for even mentioning bitcoin. You've been around long enough to know that.
If ebay is saying that BTC sales are legit, then by extension paypal will.
Your "always sides with the buyer" is hyperbolic. Sure they protect buyers on the whole, thats their selling point. Saying *always" is not entirely true though. That means sometimes they protect the seller, and those times are when the seller can put up a solid case that the buyer is full of crap.
The nature of BTC and the block chain is such that all the evidence is right there for everyone to review.
Still this is all just opinion. Until people start using it and we get a few test cases, we are all just blowing smoke eh?
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The other thing is, all the paypal poblems still probably exist as they do not talk about this and I do not see paypal doing anything about it. I am not sure if they can do anything as it would really change their policies. Without being able to use Paypal, ebay is pretty pointless.
eBay Inc. owns PayPal
Paypal maybe not gonna be a huge problem *shrugs* |
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Shouldn't this be in Proudhon's FUD thread?
This source has not been confirmed by a good chinese or russian confirmed source. |
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I don't see how this chart is predicting future prices. These are simply historical data. Or am I missing something?
It already predicted, with frighteningly good accuracy, some 10 weeks before the selloff. Thats what you missed. |
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Is that a roll of toilet paper in the background? :-D
What it is is an Oregon Scientific rain gauge. I recommend against buying one. I had one which a friend gave me and it was unreliable. I bought a cheap one from Wallmart and it lasted exactly one day. Then I bought the one you see here. It lasted two months before it quit working. My last purchase was a $40 piece of plastic which is what the professionals use. It's on it's way. I expect it to have the practical advantage, compared to the electronic units, of actually telling me how much rain I got. Most elaborate cover story ever... |
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I know a smattering of rails, and very little about security. I'll get right on a leveraged exchange, I've registered passiveaggressiveunironicallyironicpermabullcoinica.com
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Are we seeing a continuation or the correction here guys? Are we going down? up? wtf?? I'm confused!
Its a correctuation. Sell low, buy high. |
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Thats awesome. If I ever get a ferrari, it would be one of these old ladies  |
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addendum:
Everyone else is still in the 'i missed the boat so there is no point' camp. I think this means we are a long, long way from the *actual* new-paradigm-bubble event, and the strongest contrarian indicator that now is still the time to be buying and hodling.
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In logarithms, $1000-$3200 takes half the time of a move from $1000 to $10000. $1000-$2000 takes 30% of the time. So expect to be in the $1000s for a while and then to more quickly move once we get past $5000.
My totally unprofessional market psychology bullshit assessment is that we're going to fight around $1000 for a while because there were a lot of people getting in around and above that nice round USD number and a lot of those people got their first real lesson in markets/panic/capitulation recently and a lot of them probably want to get the fuck out because bitcoin is still too risky for them. The only other person I know IRL that bought BTC, is behaving exactly like this. Thats 100% of my sample. Therefore I call true. |
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I have already bought the plate OO03 BTC Its going to go on the car that I will buy for 3BTC! Likely not a lambo, probably a more restrained 911 or similar And if that day never comes, well it was a fun idea at the time anyway the point is that'll be a lot more than 2.5% of my networth, but then I am not planning on quitting my job. |
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Do not invest in bitcoin.
Convert to them.
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But why isn't bitfinex just cornering this lending market and borrowing much USD a they can and lending out at these incredible rates?
Because that adds risk. What if people don't borrow? You are stuck paying interest on debt. Far better to guarantee zero downside, even if you lose some speculative upside. Gauranteed profit is always the smartest move in the long term. 1 or 2 days lending at bitfinex can make 1 year of interest payments so I doubt that is the issue. more likely cant get loan... banks do ask what 4 u know. and not risk of not making payments but of losing it all if they cant unwind insolvent positions. happened in april had to be bailed out by big investor iirc. also could be that they ARE doing so as much as possible. And your explanation why its better to take risk over guaranteed profit is... ? |
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But why isn't bitfinex just cornering this lending market and borrowing much USD a they can and lending out at these incredible rates?
Because that adds risk. What if people don't borrow? You are stuck paying interest on debt. Far better to guarantee zero downside, even if you lose some speculative upside. Gauranteed profit is always the smartest move in the long term. |
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It honestly seems like the only option for someone like me to become a millionaire immediately and move out of the country or the more realistic option, stay in the low income 'bracket' on purpose until I can save enough money in Bitcoin to move out and flee like a dissident, this is another reason why I was considering renouncing my citizenship because then the UK government wouldn't be able to attack me for having Bitcoins stored away if they found out. Yes, I realise that's a pretty paranoid scenario, but I honestly believe with the way they've been acting that's what they'll get up to soon enough. Oh and saying the UK isn't as bad as other nations is a bit like saying drinking piss isn't as bad as eating shit, It's really sad when I see UK people get defensive about their nation but I guess everybody tends to do that wherever you go  . The *most* realistic option (imho - at least for me so far), is not to realise significant profits whilst you are a UK taxpayer. Keep it under the capital gains allowance of £10,900 for the year (2013-14) and you can take profits tax free. Anything above that and you start paying tax. Offset costs/losses. Most important get an accountant to make sure you are doing it right  Be thankful the early rumours about BTC being VATable did not come to fruition. Silver is a right mess because of VAT. |
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This country and most 'civilised' countries just keep managing to find new ways to piss me off. I was doing some poking around as you do when you have hopes and dreams and for shits and giggles I've been looking at the tax calculators out there as well as trying to find information on the actual percentages and whatnot on income ( which predictably seems to be pretty difficult ) and if all this data is to believed not only is our economics situation ridiculous but the middle class in particular get robbed for just about everything they have. Here's what I've found so far, I'd be happy to talk to other UK about this and see if it confirms my suspicions. http://www.hmrc.gov.uk/rates/it.htmAccording to the UK government and anybody who supports taxation of the rich it seems to me that the 'rich' are people with middle class incomes who have a huge chunk of their money taken from them and then the people who are actually wealthy barely feel a thing because of the amount of money that's going to be coming in for them each year and all the investment choices they can make even if they paid honestly without using any loopholes. Don't these fuckers know anything about percentages? If it is 40% that's going to be taking out a lot more from someone who's earning say £100,000 - £300,000 than somebody who earns £600,000 - £1,000,000 a year and can increase that amount practically any time they like especially if they take advantage of speculation and know how to do it. My favourite example of this little trick is when there was an article I saw about Mark Zuckerberg shorting on his own stock because he knew the price would fall and netting himself some ridiculous profit. Seriously, help me out with the maths here guys, I really wish and hope I'm wrong about the middle class getting screwed, thank Satoshi for Bitcoin otherwise I would have no savings if I somehow managed to get past the £100,000 mark because that seems to be the moment when everything goes to hell for somebody who's trying to climb the ladder. I'm not surprised people who get success just leave the UK and go to the Caribbean somewhere because the tax rates here look ridiculous. Its crap yes (tax is) but its reasonably "fair" UK income tax is banded. So whether you earn 200k or 800k you still pay the same on the lower bands, you just pay more on the difference in the upper band. e.g. Gross Income 200k Personal Allowance is nil because you are well over the income limit (100k) 20% on first 31,865 = 6373 40% on next 118,134 (eg "£31,866 - £150,000" band) = 47253.60 45% on remaining 50,000 (e.g. "over £150,000" band) = 22500 Total = £76126.6 (effective rate 38%) Gross Income 800k Personal Allowance is nil because you are well over the income limit (100k) 20% on first 31,865 = 6373 40% on next 118,134 (eg "£31,866 - £150,000" band) = 47253.60 45% on remaining 650,000 (e.g. "over £150,000" band) = 292500 Total = £346126.6 (effective rate 43%) The more you earn the more you pay. At least, that's the way the tax code is written. |
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There's a chance it'll hit $10k per BTC, albiet fairly small.
I doubt 100k, though.
I think the "easy" money is gone for Bitcoin. I like the settling we're having in the 650-850 range. Building up a good support, and of course resistance. If bitcoin had a vix it would be off the wall, so a little price stability isn't bad at all. If we see $2,000 next year I'd be happy. Slow and steady wins the race... yes I am sure it was very easy holding as price went from $1 up to $1000, and it will be much more difficult to hold when price goes from $1000 to $1m  |
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