Creates his own country
Gets arrested stepping foot in it.
That's funny. I don't understand why he was arrested though. How can it be trespassing? Aren't people free to go there? It's just a forest by the sounds of things.
A country is defined by its militia. Learn from Israel. |
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The top of the spring has just touched the base of it. And it's going to be railgun kind of ejection!!
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Last chance!!! Next few hours your last chance.
GET THE F*** OUT OF BITCOIN!!!
Dont say I didnt tell u so. (see my post history).
Best regards,
You saved the shirt getting off my back man! I owe u one.... |
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Is selling the house to buy bitcoin not a tad bit risky  I mean where will you live? I don't own a house, but I still have a roof over my head. possibilities include a) Renting a house b) Move to my vacation home c) RV d) Move in with a friend e) Move in with parents |
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Wait until LV, SAKS, and shoe shops start accepting BTC
I think ladies may take notice at these stores if they see the BTC on the register or store window but they still would have no incentive to figure out how to attain it and then use it. What I'd like to see is for supermarkets, drug stores and convenience stores to start accepting bitcoin and allow discounts for using it. Many women (the family's main shopper) have their super savers coupons or plastic member tags on their keychains and dig the savings they get for using it at a CVS or a Wallgreens (USA). This is when you'll see mass adoption but until people get discounts for using it or can only buy something they want/need w/ bitcoin, then it will remain speculative. You'd think BitPay would drive this point home when contacting businesses to accept bitcoin because they'll only get more business as time goes by and all will be well. I would imagine rich husbands, bf, or geeky lady friends will be eager to load BTC on their phone wallets. |
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For every day we hover around these ridiculous high price we can expect the crash to be even more severe.
Right now it looks like the next crash will completely oblitterate everything left of the bitcoin ecosystem.
It won't be much longer before the true ponzi nature of bitcoin is revealed.
above message reminds me of Proudhon |
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I think crypto is in the right place at the right time. Actually there's a lot of talk about a massive economic policy failure starting 2015/September which will reduce confidence in major fiat currencies namely euro and usd, probably leading to huge fluctuations because of government adjustments, like that happened with chf earlier this year. If that indeed happens, a bulk of the long-term parked money is going to move into crypto / btc while the world governments sort out their fiats.
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I am of the opinions that the current bear run is waning away as we speak.
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Wait until LV, SAKS, and shoe shops start accepting BTC
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why is never not at option?
never say never |
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I suggest you all stay a way from bitcoin, Patrick Byrne The CEO of Overstock is going to be forced to resign for his stupid mistake of keeping some bitcoins from bitpay, The error caused the company over 80% losses in 2014 & 2015. Tim draper is humiliated by being called "bitcoin loser" by his friends of the billions club. Fortunately he still has billions. The Fortress Investment Group LLC and Pantera capital are also being called "shitcoin investors" because of their foolish 20$ millions bitcoin investment plan. If you don't know yet, "bitcoin" is a negative word in the real world, do not talk about "bitcoin" in family/friends gathering, you will be isolated and treated as "online criminals and ponzi sellers" for this foolish behavior. No one want to lose money or be connected with internet laundering money after all. Especially don't talk about it in work, you might even get fired. Most(99+%) big amount bitcoin early owners are criminals (hackers,drug dealers,scammer,pedophiles etc), do you want to make Mark Karpeles, Loaded, FBI etc.. even richer with your money? NO, then don't buy bitcoin! If you really have to cheat someone to buy your bags, Please do that to some one you don't know well, ie: scam some strangers & newbies on the internet forum to buy with a "train" "moon" false hope. You might have already ruined your financial life, just don't mess up your real social life too. Got fired for talking about Bitcoin last night http://www.reddit.com/r/Bitcoin/comments/33u5gw/so_i_almost_got_fired_for_talking_about_bitcoin/ |
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This time it's different
That isn't exactly a huge vote of confidence, Mr. Legendary. At this stage of the game it's only a matter of time but there's just so many more imminent options for different type investors to finally get their hands on coinage that the demand is bound to pick up and stay pretty steady which will drive us up the charts. My birthday is in June so that's as good a time as any but I'm presuming that we'll see some decent action in May. It's the application layer where the action is now taking place. The layers below have stood the test of time and stand quite robust for most parts. As an Internet analogy, we shall soon witness equivalents of the NCSA mosaic, Mozilla, IE, etc.. |
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This time is different  |
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Please wait for confirmation. weekly RSI is still below 40.  |
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We'll see some more hovering around the 200-300 level in the next weeks. After that we'll be reaching ~$700 (quite fast) followed by a correction to the low ~$400s. After that we'll have a boring, but stable time till mid 2016. Good for merchant adoption and inviting your friends to the party,... This is a speculation based only on gut feeling and some minor observations. Let the shitstorm begin!  Good 5second entertainment |
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That's fuel for the rocket. |
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Oh Lord... this ship will sink even faster than expected now. With this exchange all the hacked and scammed coins can be dumped much faster. Prepare for free fall..
The desperation is strong with this one. yada yada. People have lost interest in magic money a long time ago. Just try to talk to friends and family about it and you'll get laughed at. As we calculated there are roughly 1.2 million btc waiting to be dumped by hackers and scam artists. This pressure is beyond anything even a big group of bitcoin fanatics can negate. Gives credence to the theory of an alternate universe. |
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Is an ETF good for bitcoin? I feel no it is not. Long term will be harmful to bitcoin in fact. Yes in the short term it may instigate a bull run. (It may even be a staggeringly big one) However longer term ETFs will be used to manipulate and suppress price and counter the threat to govt fiat and dampen enthusiasm.
Its not hard to see the parallel. Just as in gold and silver markets, investors are herded into paper shares ie GLD and SLV ETFs the same will become true with bitcoin. But if the ETF is not honest about increasing its own reserves why people buy the ETF then the reality is that that investment money did not reduce bitcoin supply and therefore does not put pressure on price to rise.
In my idealistic vision of bitcoin, people would own real bitcoin and not any derivatives of bitcoin which are in reality a means to control the market Auditing Bitcoin is fairly easy. Auditing gold is very, very hard. A Bitcoin ETF can simply put a bit of data on their website to all but prove their reserves to everyone. Besides relying on a third-party audit, which can be gamed if the government is involved, all a gold ETF can do to persuade people is to put things like gold bar serial numbers up, which of course can be gamed in many ways easily. It's also much easier and much cheaper to take delivery in BTC than gold. I see no reason why people would allow fractional reserve, especially once BTC is easier to hold, and also given all the people who want to hold it in other countries, don't want US juridictional risk, etc. Even assuming the worst case scenario where no one ends up caring and the ETFs operate on 10x reserve, it can at most reduce "the moon" by tenfold. $100,000 per coin instead of a $1 million. Realistically it's quite a bit less, since it's not like everyone in the world is going to buy the ETF instead of actual coins. But an ETF accounting for a huge amount of the base BTC supply itself implies a great jump in adoption, from which we could already expect a 10x in the price easily. So I think worst case, with the assistance of corrupt auditors and government complicity, they might be able to hold back a year or two of gains. After that, fractional reserve has its limits, especially as Bitcoin gains more market uses so that people actually need to withdraw it. Hi Zanglebert Thanks for that reply, thats quite reassuring. I thought about the transparency aspect a bit more after writing original version of my comment. In a way I'm not sure why people would buy an etf for bitcoin, I guess some people are just conditioned to do all their investing via one vehicle ie whatever sharebroker they like to use or something. To me I can't help thinking that surely if you are competent enough to buy share in an ETF is not really harder to buy some actual bitcoin. ps nice to see you on the forums, feels like ages since we chewed the fat. Arrival of ZB is usually a bullish signal. |
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No offense meant, but that's some terrible analysis. yup, that post was supposed to reek of sarcasm, need to up my game |
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