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Good morning, so what did I miss ? Stamp seems really resistant, Price hardly catching up, and BTC-e price higher than Stamp ? speak about madness !!
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I've been reading here a bit and try to follow rpietila since I think he is one of few here that really has the experience and the balls to follow his knowledge. Fwiw I think he's putting to much weight in the logarithmic trend line. I'm not sure if he is basing his bear call on other technicals but if he isn't I think it's a mistake. As of right now I'd say technicals are looking much better then they were before the dip bellow $500. I don't know why I'm posting this. Guess I want to give rpietila some support for his skills but at the same time spank him a bit if he's making this bear call only on the basis of the log trend line.
Discuss.
I've said something very similar yesterday, and before that as well (okay, I said it with more snark, but that's because I prefer to act dickish myself when corresponding with people that act dickish). A log trend line (more precisely: linear regression on log charted price history) is a nice little tool to get a feeling for where we are at any point in time compared to the historic trend, and where we're going to be, very very roughly, in a few months or a year from now. It is very much not a method to conclude that, right now, we have to go down another 33% to match the trendline, or that price has to rise by 2.575% to fulfill our yearly growth quota. Add to that the bragging and the unjustified arrogance, together with a big dollop of exaggeration ("several millions"), and I'm suddenly much less forgiving towards his TA failures than I am with anyone else's. +1 |
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If this consolidation continues for another week until Jan. 6th, bears are going to be treading on REALLY thin ice, imo.
Depends on the timeframe. Personally I expect the final capitulation in Feb +/- 1 month, so one week does not matter much. Perhaps there should be a different thread for people who trade on daily, weekly and monthly timeframe. Or less slander. If March passes without hitting $400, then the chances of seeing it again are slim. Well my premise is this one. A lot of new fiat will be hitting the exchanges in January. People want to get in NOW given what happened between Jan to Dec of 2013. Especially if the slow trend up continues. My timeframe is longer. Bitcoin has been around for 5 years, and it has always been a terrific enlightenment for those who have been ripe for it. The knowledge about bitcoin has grown exponentially and investment into it has grown exponentially. I expect this to continue and every year be on average 12 times more glorious (as it has been), until everybody uses bitcoin (which will happen in 2016-17 at this rate). Everything that has happened since 2009 is captured by the trend and its variations, and will be. There has been some regularities in the growth that I have researched, some of it is published, some not. I believe knowing them gives an edge in trading, and so far it has proven to be good. I have several million dollars of my own money that I could use to purchase bitcoins but choose not to. Not at this price. I am taking a large, calculated risk, with entry points set according to mathematical model for the rest of the year. I even gave the average sell price a few posts ago. Now there is no need to comment that I am doing bad every time the price rises $10. You could as well post about how good I am doing for the reason that I always have more bitcoins than fiat anyway  So, after smoking the best the world has to offer, I again feel that taking a break from this thread is in order. See you at $500. And don't fall in the bull trap  RP what I don't get is if you truly truly believe your log charts of 12x growth every year then why even trade? You are risking tens of millions of dollars in order to make a few more tens of millions. Isn't there something more worthwhile of your time. Like maybe starting a foundation or something? Because his ego needs feeding. A little humility would suit him. I am not sure it is pride. He is indeed a multi millionaire. Most of us here, myself included are not. He is in a position to use his wealth and BTC holdings to make more profits. Is it prideful for him to make comments about what he is doing with his wealth and some of his strategies and what has worked for him? I think many here are just envious. I think the humble person will think that perhaps in a year or two, if BTC continues the growth that we are on, could be in a situation in which we have great wealth too. We could come on the boards and share what knowledge we have gained and the "cigars" we are enjoying and everyone will rise up against us too. Perhaps staying quiet and being more subtle, like Loaded or a few other big holders, is wise in that there is less angst against them, but Risto is just sharing his knowlege and experience and even his success with us and I personally really appreciate it. OMG did you say sharing his knowledge ? you are kidding right ? the only knowledge he has regarding Bitcoin trading is how many Bitcoins he has.... all his calls were false the one he've got right were pure luck, it is like someone talking everyday for one month, what are the chances that he will be right? ah got it ? now don't tell me his long term calls were right! well wow guess what, no matter when you bought Bitcoin the last 5 years it turned out to be a hell of investment, you do not need any one to tell you that. and yes I am so annoyed because each time he fuck up, he has to brag about his wealth instead of saying "oops I was wrong" this is ego not pride, and you know who does that people with weak personalities. again, his only advantage is being an early adopter, and BTW when he knew about Bitcoin he might spent few thousands or ten of thousands USD, allot of people invested a kind of money that he never saw in his life before investing into Bitcoin and I am sure about it beacuse his kind is called "the new to money", he doesn't own money but money owns him |
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I've been reading here a bit and try to follow rpietila since I think he is one of few here that really has the experience and the balls to follow his knowledge. Fwiw I think he's putting to much weight in the logarithmic trend line. I'm not sure if he is basing his bear call on other technicals but if he isn't I think it's a mistake. As of right now I'd say technicals are looking much better then they were before the dip bellow $500. I don't know why I'm posting this. Guess I want to give rpietila some support for his skills but at the same time spank him a bit if he's making this bear call only on the basis of the log trend line.
Discuss.
when I see technical/mathematical/Professional the same words that he uses, I get so happy you make me laugh my ass off  , based on what you make a technical and mathematical calls when dealing with Bitcoin trading ? only noobs falls for his calls, the guy has a good amount of money sitting and waiting to buy back, why he shouldn't troll about a drop/crash ? such an ego can make you lose all what you made, and god it is epic when he start talking about his "millions" it proves his weak personality, instead of addmiting he fucked up he has to mention how many he have ( when he is out of money he will brag about how big...) hahahahahaha and noobs lick his balls, good job clap clap clap |
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If this consolidation continues for another week until Jan. 6th, bears are going to be treading on REALLY thin ice, imo.
Depends on the timeframe. Personally I expect the final capitulation in Feb +/- 1 month, so one week does not matter much. Perhaps there should be a different thread for people who trade on daily, weekly and monthly timeframe. Or less slander. If March passes without hitting $400, then the chances of seeing it again are slim. Well my premise is this one. A lot of new fiat will be hitting the exchanges in January. People want to get in NOW given what happened between Jan to Dec of 2013. Especially if the slow trend up continues. My timeframe is longer. Bitcoin has been around for 5 years, and it has always been a terrific enlightenment for those who have been ripe for it. The knowledge about bitcoin has grown exponentially and investment into it has grown exponentially. I expect this to continue and every year be on average 12 times more glorious (as it has been), until everybody uses bitcoin (which will happen in 2016-17 at this rate). Everything that has happened since 2009 is captured by the trend and its variations, and will be. There has been some regularities in the growth that I have researched, some of it is published, some not. I believe knowing them gives an edge in trading, and so far it has proven to be good. I have several million dollars of my own money that I could use to purchase bitcoins but choose not to. Not at this price. I am taking a large, calculated risk, with entry points set according to mathematical model for the rest of the year. I even gave the average sell price a few posts ago. Now there is no need to comment that I am doing bad every time the price rises $10. You could as well post about how good I am doing for the reason that I always have more bitcoins than fiat anyway So, after smoking the best the world has to offer, I again feel that taking a break from this thread is in order. See you at $500. And don't fall in the bull trap you have really to brag about your millions and what you are smoking hahahaahah, man what an ego, maybe you understand some market(silver market?) but you dont understand the network effect and the technology that bitcoin offers, most of your calls were wrong, the calls where were you right was just a lucky call, like most of traders here, you need more luck than anything else. Bitcoin is the most unpredictable asset, there is no company that you can analyze, there is only early geek adopters and really early techno savy entrepreneurs that crash the market when they decide to cahs some profit, BTW your only advantage "for these many millions" is the time when you knew about Bitcoin. many of us here invested more Fiat than you maybe saw in your life so stop braging about your "millions".... new money this is what is it called |
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Everyone knows my long term and mid term predictions, so it's time to reveal a short-term one: the market looks like it could crash imminently any time now.
are we still at now ? or were you just trying your luck ? its about how you define "short-term" "now" defines it |
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I meant Thai taxes.
Let's see if they can invade America to get her:) (also I'm not sure she even owes Thai tax as they have no legal ruling at all on BTC) Okay, then I'm probably completely wrong. I was under the impression you lived in Thailand and was in the US for holiday only. Well, what she bought with her BTC will be staying in the USA. We will not bring the Lambo back to the USA. Honestly I have no idea what we should be doing with taxes and there is not an accountant on this earth who I can find to help me. @ mmitech. Yes, I hold a crazy amount of LTC. Trying to get someone to sell me a Bugatti for LTC... So far no luck. what If I get you one? I take LTC at 1/4 its Price now ?  Edit: I take my words back, that car is worth $4 million  ? |
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Everyone knows my long term and mid term predictions, so it's time to reveal a short-term one: the market looks like it could crash imminently any time now.
are we still at now ? or were you just trying your luck ? |
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Looking at the volume on a 6 month chart its very dismal, this may be the last good to chance to sell boys!
too much fiat ? |
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I meant Thai taxes.
Let's see if they can invade America to get her:) (also I'm not sure she even owes Thai tax as they have no legal ruling at all on BTC) BTW if you mind me asking you this question, I see you only talking about BTC lately, many Bitcoiners doesn't know that you are one of the biggest LTC holders !! do you still hold that portion or did you give up LTC and completely moved to BTC ? |
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are you sure one guy dump on all exchanges everywhere ?
It started at GOX, few seconds later, the other exchanges followed. its not one guy, it's never one guy, stop thinking its one guy. two guys ? |
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to become a citizen member of Slovenia there is few ways already:
1- be a family member of a Slovenian citizen and get it after 3 years of living here (my case).
3- live and work in Slovenia for 7 years and apply for it
4- finish high studies in Slovenia and apply for it ( PHD, Master...)
5- or be so famous, or athlete and you will get it as well ( there were cases were athlete got it to play for the national team)
at least this what I know, maybe there are other ways ? although I am not sure about the 4th..
getting the Slovenian citizenship might look easy but believe me it is not, there is no bureaucracy or anything like that, paper work is the easiest thing, now learning Slovenian language is one of the hardest things, you have to be integrated in order to get the citizenship which usually means that you have to understand/speak/write Slovenian, there is a test for that that you take in the faculty of philosophy in Ljubljana it is well sophisticated and a real hard one that most people fail to pass.
and there is the other and hard thing (some countries take it as a betrayal) , cancelling your original citizenship when you are accepted here, Slovenian law doesn't allow multiple citizenship.
But citizenship isn't needed to live and pay taxes in Slovenia. Any EU passport will do. yes you do not to be a Slovenian citizen if you are already EU citizen, you have to just move and register your new address here.... |
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to become a citizen member of Slovenia there is few ways already:
1- be a family member of a Slovenian citizen and get it after 3 years of living here (my case).
3- live and work in Slovenia for 7 years and apply for it
4- finish high studies in Slovenia and apply for it ( PHD, Master...)
5- or be so famous, or athlete and you will get it as well ( there were cases were athlete got it to play for the national team)
at least this what I know, maybe there are other ways ? although I am not sure about the 4th..
getting the Slovenian citizenship might look easy but believe me it is not, there is no bureaucracy or anything like that, paper work is the easiest thing, now learning Slovenian language is one of the hardest things, you have to be integrated in order to get the citizenship which usually means that you have to understand/speak/write Slovenian, there is a test for that that you take in the faculty of philosophy in Ljubljana it is well sophisticated and a real hard one that most people fail to pass.
and there is the other and hard thing (some countries take it as a betrayal) , cancelling your original citizenship when you are accepted here, Slovenian law doesn't allow multiple citizenship.
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when a government say it is a risky investment and not backed up by any issuer and you will invest on your own risk....well like we didn't know that like we were insured before, but what they are trying to say is hint: "bitcoin is awesome but we just cant say it directly because we are neutral" a bit off-topic but by regulation they mean fighting money laundering, illicit use and terrorist acts.... well I don't think regulation is bad, would you like to hear that Bitcoin is used mostly for child porn and terror, smugglers... the government want to make sure when you exchange that fiat to Bitcoin and vice Versa, so they want to enforce this message "if you are criminal we are watching you and we will get you cant hide behind Bitcoin" there is the privacy that people are seeking which is cool and I agree with, but there is the problem of the definition of the freedom when sometimes there is no red lines and many people mix a certain kind of privacy with the total freedom, how? if you are a decent guy that has nothing to hide why would you care about your government knowing when you buy/sell bitcoins ? unless you are hiding something ? for example a killer seeking for "privacy" so people wouldn't know what he did !! the act that he did is from him believing that he has a "total freedom" of taking a life, which is what we all have to work to not tolerate. it doesn't matter whether it is Bitcoin or anything else, some authority is necessary, BTW think of it this way, the bitcoin protocol works the same way.. your client has to play with the network rules... you have to play by your government rules , is your government bad ? than it is not about Bitcoin, it is about your government and than Bitcoin is one of the many things that your government is bad at. I know I went off-topic, I couldn't gather my thoughts around this but I think you understand what I mean... |
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Who is the mother??
I know some people who doesnt know yet will have to see who is the mother, but they will find out anyway because the season sucks really. hint: I know you thought it will be robin (at least I did) or one of the characters already playing but it is not...  |
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well after finding this video with almost a million view http://www.youtube.com/watch?v=Y7sLYNwevDQ&feature=youtu.be doge just make more sense, a million view makes 16K sub-reddit subscribers looks legit .... no seriously what is wrong with world !!! Edit: ooh and the lyrics.... I cant undo what I've just seen and heard |
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why "devs" someone who did copy an opensource project and changes some parameters (name and market cap), and yet not being able to update the client from 0.6 to 0.8 even with the source code being public is not a developer to me... I wont comment whether Litecoin is a scam or not, but what I know is that Litecoin devs are helping Bitcoin devs implementing new fixes and even helping pay for some of the know bugs... they are at version "Feathercoin 0.8.5" last time i checked. and i've heard they had problems with the minning dif. because everyone was minning and then suddely stopped, leaveing the dif really high and no one was able to solve a block. they solved that. feathercoin.com is very well done. the video is well done this screams talent and hard work to me.... mmmm interesting, is the source code of 0.8.5 provided ? I want to compare it to litecoins 0.8.6.3 Edit: a web developer not necessarily is a core developer |
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why "devs" someone who did copy an opensource project and changes some parameters (name and market cap), and yet not being able to update the client from 0.6 to 0.8 even with the source code being public is not a developer to me... I wont comment whether Litecoin is a scam or not, but what I know is that Litecoin devs are helping Bitcoin devs implementing new fixes and even helping pay for some of the know bugs... Edit: I will try to find the thread when the feathercoin "devs" were trashing Warren (the team leader dev), simply because he didnt want to help them update the client, and he even did mention if they are a real "devs" he did put some unique codes that will work only for litecoin and will kill other coins if they wont figure out what was it before implementation.... I do not know if they did figure it out I will check now |
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Never seen it mentioned here, so just throwing this out, but what happens when the *kids* discover crypto? That's my take on doge - it might not be the one that does it, but if there aren't thousands of proto geeks mining doge at the moment I'd be amazed. All the things we love about bitcoin apply in the playground - it's going to be the next wave of adoption.
+1, they'd be more in touch with social trends too, the next meme, vid, etc. could turn into the next hot altcoin overnight. Its worth spending a bit of time on MMO's etc just to see the trading too, there's plenty of 12 year olds out there that would put the most wizened used car dealers to shame Totally - trading - establishing your own value systems that are not under authority control is everything when you're 12. Don't know/care if it will help bitcoin in the short term, but the kids will build a foundation under our dreams, because they're not stupid. I'd guess Bitcoin will be the backing behind that for a while too but if it takes off and evolves fast then Bitcoin could get left behind. Dogecoin's hash rate is a little suspicious, I'll have to read up on the hashing method but I thought it was more or less the same as hardware as litecoin. If so it's either become an internet phenomenon with a hell of a lot of new adopters or there's some big iron behind it, there was a lot of money spent on GPU's for mining and a large part of that went into litecoin so dogecoin having a higher hashrate doesn't make a whole lot of sense. I'll take a look at that one now. Does anyone know whether merged mining of Scrypt coins has been developed? when Feathercoin was attacked many times Litecoin dev's suggested for Feathercoin "devs" (yes I just did it, you cant call them Devs read some history and you will know what I am talking about) that they can offer help for merge mining Feathercoin to Litecoin's network... but Feathercoin "devs" (yes I did it again) didnt want to because they believed that their Insta mined coins will be worth millions and merge mining will kill their coin (scam) ... |
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As if what Risto posted isn't equally credible as a screenshot. Both require a comparable amount of work to be faked properly.
Anyway, does it really matter? I'd prefer people listen to the argument rather than the arguer.
well does it ?!! I like to argue too, but we need to know how to argue... you cant break a wall with your bear hands you need tools, I don't know if you understand what I am trying to say, or you just act like you don't but I am sure rpietila did understand what I am trying to say... otherwise he wouldn't answer my posts. it is solved anyway so lets us talk about the price and BTW doge is scaring the hell out of me.... |
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