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2341  Bitcoin / Bitcoin Discussion / Re: Here come the MLM scams on: August 11, 2013, 04:50:00 PM
I tried explaining that to mom too.

Amway isn't paying her to market their goods, she's paying them to market their goods. It's backwards.

So it's a scam.

No, not a scam. Nothing is being mis-represented.

paying them instead of paying her, you've said it.
How is that not mis-representing?
2342  Bitcoin / Bitcoin Discussion / Re: Here come the MLM scams on: August 11, 2013, 04:40:07 PM
I tried explaining that to mom too.

Amway isn't paying her to market their goods, she's paying them to market their goods. It's backwards.

So it's a scam.
2343  Bitcoin / Bitcoin Discussion / Re: Here come the MLM scams on: August 11, 2013, 04:29:18 PM
The thread will probably keep me entertained for at least 2 hours Smiley
MLM is not a scam. It's just the people who exploited it.

MLM or aka Network Marketing is one of the BEST Marketing Idea ever created.

Bitcoin is NOT like MLM.

 
Like those at the top?
Did that tell you a MLM salesmen?
Entirely not. Smiley
2344  Other / Off-topic / Re: Why MP is your God. on: August 11, 2013, 04:25:03 PM
Do you get payed extra to post this thread?
2345  Bitcoin / Bitcoin Discussion / Re: Here come the MLM scams on: August 11, 2013, 04:18:37 PM
Yeah Bitcoin is a sort for MLM too, so MLMs can't be a scam, rite?
2346  Bitcoin / Bitcoin Discussion / Re: Here come the MLM scams on: August 11, 2013, 03:52:05 PM
Many thousands of people make an excellent living via multi-level marketing.  Not sure why you think its a scam.  A lot of the products (such as AmWay) are excellent as well.  What I hoped happened is that you educated this person about bitcoin which possibly might open the door for MLM to use bitcoin in some fashion. 

I don't find this response the least bit ironic.
2347  Economy / Speculation / Re: Warning: How many of you Bears have ever been a victim of a Short Squeeze? on: August 11, 2013, 12:42:23 PM
shorting it at 2.x is crazy...  the most you can make is 2.x ...  most likely .x   

But long it could multiple if held long enough....



I don't know about that.  With a flurry of news articles on the horizon about the end of bitcoin I think we'll see another frenzy of dumping which could take bitcoin to levels where we see enough people abandon mining that for the few people still trying to move these things around the blockchain the process gets very, very slow.

Here is your role model, bears. Even bards make songs about him now. Smiley He has redefined speculation! It now can be driven not only by fear and greed but now also by jealousy. LOL




As smug as ever.
2348  Economy / Speculation / Re: Warning: How many of you Bears have ever been a victim of a Short Squeeze? on: August 11, 2013, 12:14:50 PM
Got 2 million $ to buy it up yourself?

Oh, you don't Tongue
2349  Economy / Speculation / Re: A rally is inevitable on: August 11, 2013, 02:43:30 AM
I disagree, ASICS are populating the world, thousands and thousands of them being built and sold.  Bitcoin mining is the only thing an ASIC does, once someone has an ASIC they are a guaranteed bitcoin supporter.  The ASIC population of the world is setting up the basic network, the core (dispersed) infrastructure that forms the foundation of bitcoin's future. 

It will just take a few years for the whole thing to be rolled out:  Mass-ASICS and an upgrade of the exchanges is what's currently happening.  ASICS aren't killing bitcoin at all, they are simply the foundation and they will get cheaper too, and having a network of tens of thousands of ASICS (will probably end up being hundreds of thousands) is plenty!  We don't all need to be mining.

More companies developing ASICS is good news!  More ASICS being built at all is good news, after all, they are BITCOIN ASICS!

(my bold emphasis)

Absolutely. ASICs are solid-rocket boosters for Bitcoin. With Bloomberg on the verge of legitimizing this revolutionary currency, Core Dev with a load of point-fo-sale improvements I agree with the OP. A rally is inevitable!


where are you on this picture?

2350  Economy / Speculation / Re: Warning: How many of you Bears have ever been a victim of a Short Squeeze? on: August 11, 2013, 01:07:44 AM
... but this is very timely now. This is from the era of pirateat40 and his massive BTC short play. With hindsight we now know how it is playing out. Now here is the interesting part what will be the BTC / USD exchange rate by the time the US courts finish passing judgement on pirateat40? This may well set the record for a "short squeeze".

Face it fishing out the lastest novelty and attributing it as the next thing that will bring us "to the moon" doesn't work any more. I would even say pirate got demystified, his absolutely pathetic performance and the little gain he got out of his crime sheds a light onto the bitcoin "economy" and reveals it for what it is. A bunch of layered investment schemes, with the majority represented in this very forum.

The only thing that brings us up is: New cash and more of it. Again wait for the gox debatable to play itself out then see if we get capitulation and then we can talk about it.

tl;dr Bulls won't move until they want to.

2351  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: August 10, 2013, 11:17:40 PM
approaching 24hr volume of 3,000 on gox and bitstamp.

This is pathetic, even for weekend day. fuck it, im out. goodbye bitcoin

Don't get hit by the door on the way out!

maybe i sell all my btc as i leave, how would u like that? i crash us to single digits single-handedly.

I would probably appreciate that.
2352  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: August 10, 2013, 11:09:49 PM
approaching 24hr volume of 3,000 on gox and bitstamp.

This is pathetic, even for weekend day. fuck it, im out. goodbye bitcoin

Don't get hit by the door on the way out!
2353  Economy / Speculation / Re: Warning: How many of you Bears have ever been a victim of a Short Squeeze? on: August 10, 2013, 10:57:22 PM
Try again in a year or so. Smiley
2354  Economy / Speculation / Re: A rally is inevitable on: August 10, 2013, 08:20:25 PM
Yes, in order to protect the income of my ASICs, I will step into exchanges and purchase a lot of bitcoins Cheesy

I do actually believe you.
2355  Economy / Speculation / Re: BITSTAMP eXchange wall Observer. second biggest and best exchange on: August 09, 2013, 10:59:07 PM
I'm a short term speculator, so tell me how am I supposed to use localbitcoin or OTC?

Ripple might have issues, but it's still the best potential alternative we've got in that regard. Uh and you do know ripple is endorsed highly by bitstamp, don't you?
2356  Economy / Speculation / Re: BITSTAMP eXchange wall Observer. second biggest and best exchange on: August 09, 2013, 09:31:38 PM
fyi noobs, this is "fracturing" not decentralization of the market. The latter to remain absent until a true peer2peer exchange arises.

fracturing just makes bot manipulation easier because it costs less to do so. not good for bitcoin

Ripple is the closest thing and is pretty much the most hated project in this community. So now here is your "hope".

Cripple Huh ... I would prefer localbitcoin or #bitcoin-otc.

Neither of which is an exchange in the sense that it would replace mtgox, at least for most users.
2357  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: August 09, 2013, 08:50:03 PM
I have a feeling MtGox will soon burn to the ground...


this thread will be irrelevant,


I vote that chartbuddy move the Stamps thread now.
I think that six month from now the top bitcoin-dollar exchange is going to be one that is not currently listed on bitcoinity.

Care to tell us which one?
2358  Economy / Speculation / Re: BITSTAMP eXchange wall Observer. second biggest and best exchange on: August 09, 2013, 08:45:37 PM
fyi noobs, this is "fracturing" not decentralization of the market. The latter to remain absent until a true peer2peer exchange arises.

fracturing just makes bot manipulation easier because it costs less to do so. not good for bitcoin

Ripple is the closest thing and is pretty much the most hated project in this community. So now here is your "hope".
2359  Economy / Speculation / Re: MtGox USD withdrawals and deposits will soon be processed! on: August 09, 2013, 07:18:50 PM

Imagine if bitstamp stopped withdrawals too -- we'd all be rich!

That made me LOL
2360  Other / Meta / Re: Can we have the ads a little less annoying? on: August 09, 2013, 04:26:56 PM
Hmm so I guess that means no?
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