|
Who starts a large sell order late Saturday, early Sunday morning?
I just don't see that being a good way to unload coins, even if there is a large bid wall there to take most of it.
This will certainly be a good test of our true value come Monday.
IAS
|
|
|
|
I would hold what I have and hope for a tell tale bottom signal and buy more then. Many of us have only invested what we can afford to lose. So, it is all or nothing to many of us. Not to mention a political/freedom statement. We are in it for the long haul. Speaking of which, if you have children, I recommend setting one BTC aside as a college education fund.  |
|
|
|
|
I see two main possibilities:
1. If there more terrible global financial news BTC will explode up and continue on with it's symbolic Cypress march.
2. Without #1 (or something akin to it) BTC will probably have another wave up in the next 6 months, maybe much sooner.
We have to consider that its global attention is growing and if and when the limited float falls behind the demand, things will get violent in an upward manner.
Consider one large hedge fund putting in 10-100 million dollars, and then another, and then another.
We are sitting at a crossroads in a sense and the regulatory issues seem to be less and less a fear here. We are probably ready to take the path less traveled.
Its about sharing
|
|
|
|
|
I'm curious here. What interest rates are you guys being offered on credit cards and loans. I understand better credit history means more.
Anyway, I get these offers in the mail (I'm in Germany) and there are credit offers (loans) for 8.5% - 8.9% over 5 years! I am shocked as I don't have bad credit and am self employed for years now.
And that is cumulatively of course, so 8.5% on 10,000 is way way more than 850 Euros.
It just gets me that these banks get such low interest loans from the ECB and then fractionally loan out magnitudes greater amounts at crazy rates. It really should be illegal. How is this helping us?
|
|
|
|
I'd like to see us stay above $127 or so, as that seems to be a support/resistance level from April 20-22. Would much rather be sitting on it that pushing at it.  Next resistance level I see is that $135 range from April 3, 4 and 27. Nice call from May 24th Its about sharing, Its about sharing |
|
|
|
Really interesting, thanks for the post. No puts for me, more real money in BTC |
|
|
|
I think most of the guys here believe in what BTC is and what it represents. I just see continued buying pressure coming from many, no matter the price. Of course if you have thousands of shares, that might not be true. In that case I'd be working on PR, before the fiat currency (USD, Euro, etc.) collapse. In general, instead of putting extra money into a bank account with a 1% interest rate (which is losing buying power), just put a little here and there back into BTC. Basically, we need to remind people of this opportunity and keep tabs. I recommend writing down the following: Date of recommendation for BTCName of person recommended to Price of BTC on that day. Then, every year or huge increase after that, you must remind these people (with an adjusted "profit" amount (I quote it, because it's much much more than profit, it's a revolution)...  |
|
|
|
This is my (and many of you out there's) favorite Bitcoin news site but I guess that makes it a target of hosting malicious scripts, malware, etc. Anyway, Just wanted to get this out there. Here are some screen shots just taken. Maybe someone knows of a quick way of getting this to the owner of the site (who I hope see's this). IAS   |
|
|
|
Holy selloff batman!
Or, holy shakedown Still it amazes me how little it goes down. A sell like this was enough for a drop to 110 dollars a while back...now it drops a few dollars. People don't panic anymore like they used to do. Instead it seems people consider it a great opportunity to buy "cheap coins". I could be wrong but that's the feeling i have. I would have thought the price would go up, considering that now it is impossible to withdraw fiat from MtGox. Huh? Explain? The thinking is that since people can't easily withdraw funds, they will buy Bitcoins and then just transfer them off (and maybe sell them at another exchange). But that last point doesn't seem to be happening judging by the price since the news (selling part, buying part has happened I'd say). |
|
|
|
If Robert S. Mueller, Director of the FBI, and Secretary Janet Napolitano of Homeland Security made a statement claiming that they had no problem with Bitcoin specifically as a system then you could be excited. The term "Virtual Currency" is too generic. Having some little fudwinkle under secretary nobody claiming that they have no problem with a generic concept and supporting advances in consumer technology doesn't say much about the way the US government is really going to react.
Alcohol was illegal in the U.S., then it was illegal, then the people went apeshit and it became legal again. The way to get support for anything in the U.S. is to get overwhelming support of the people. It can be really difficult to do like the civil rights struggle or gay marriage but it can be done. The last thing you want to focus on is what some two faced double speak politician says about anything because his opinion and actions will spin around like a leaf in a river.
Come on. This is not a court of law, it was a press conference. BTC is THE virtual currency. It is clear to anyone these days. Let's call a spade a spade here. The ECB published this: http://www.ecb.europa.eu/pub/pdf/other/virtualcurrencyschemes201210en.pdfIt is a paper on Virtual Currencies that is 53 pages long. BTC is mentioned 185 times. Can we accept the The European Central Bank and the American FED are kind of seeing eye to eye? I mean is it fair to think they are mostly talking about Bitcoin? Or maybe they are talking about Amazon Coins? Maybe an alternative Cryptocurrency? Litecoin, PPCoin,  ? Interesting anecdotal story: I met with an employer today regarding some work in a bank (she is not in that industry) and we got to talking about banking as I had some stock market trading experience on my resume. She goes on to ask me if I am still in the stock market. I said, "No, not really but I am am very interested in crypto currencies". I didn't want to say Bitcoin! eheheh. I wanted to see her reaction to that word. She is clearly not wise in the world of finance or internet. Anyway, she says "Oh, like Bitcoin?" and I just started laughing. Also was funny in that the moment I got a call from her last week or so, I was on my Computer and mentioned to her the Japanese Nikkei is down 7%. Well, meeting her today, when we got to talking about banking, I noted to her that it was down again by 5%". During my interview I spoke half about Bitcoin - because she was interested. She ended up maybe wanting to buy some. I have talked about Bitcoin to a few customers and one has already bought and a few others are thinking about it. Spread the word... I then showed her what I carry around in my wallet, which I will be sure to use at the bank I will be doing some PT work at. It will make for great conversation, I promise - Get yourself one (They are also great gifts given along side a BTC paper wallet):  |
|
|
|
ch000000000000 ch000000000000!!!!!!!!!!!111!!!11!!!
Hope you dint mean choo choo to 111, toying with our emotions, that would be very wrong. That scared me too. I won't bother checking the price. Really, Bitstamp was more all of March than MtGox? Interesting. I guess now it is more meaningful due to the DHS thing... |
|
|
|
And for the first time ever, that I have seen anyway, MtGox - $130.03 Bitstamp - $130.53 From this day forward MtGox shall be known as "Magic of the gathering exchange" And yet, as I write this, MtGox is higher again. Very interesting... |
|
|
|
When we treat other people as "competitors" then stealing and such when times get tough is a predictable outcome. But we have known no other form of government and economics. We are taught in the schools that Darwin was right, when nature shows us cooperation is right. (Even with Lions hunting prey, Nature is mostly a brilliant example of cooperation).
Yeah , lions are the perfect example.... do you know what happens to lions cubs when a new male or male group takes over the pack (after killing or routing the previous males) ? Don't mistake colaboration in the same pack with colaboration between the entire species. I'll take ErisDircordias answer If you want to submit to a central authority dictating how to live different aspects of your life for whatever reason (maybe you feel insecure about your own sense of judgement, are afraid of deviating from norms because of ostracism or just don't like to take responsibility) that's your choice. but PLEASE for the love of everything that is dear to you: let those who don't want a life like that be FREE to not join your game. As it turns out there's a big chance that the next major inventions and technological improvements will come exactly from these people. |
|
|
|
In any scenario where theres an absence of central authority or rules people will revert to their original sociopathic state.. people will kill each other for petty things because now they will not be questioned for the crime.. i think rules are necessary but only to an extent where they protect the society and not an individual.. rules today are only for those without power, the average citizen.. the ones with money aka power still dont have to answer for their crimes..
Again, you don't know that. You are speaking like recent history is the proof of what human behavior is. We have been led by the least among us. We have been led with money in mind and not compassion. Change the variables of the equation we currently live in, and you would not feel nor believe what you do. Our educational system has been dumbing us down with Prussian "education" since the 1800's. Taking away and killing our creativity and curiosity. Do the real research and you will see we have manipulated to feel and believe what we currently do. But welcome to the apocalypse - the truth is being unveiled... So heres a situation buddy.. its apocalypse time.. you are out of water and food.. starving for a week now and all you have is a gun.. you see a guy with some food (maybe a hotdog or whateva you like).. You go to him and he tell you to F off coz he found it its his.. what are you gonna do.. keep starvin for god knows how long or go away quitely?? In an ideal world where the governments took care of its citizens and people actually cared for each other and respected each others possession this situation would never have come.. but we have to face reality here.. i have seen a guy killin a vendor for 15 Rs ie 0.27$.. yeah thats the kinda fucked up world we live in.. so its always better to be cautious.. and i totaly agree we have been made slaves.. creativity today iis considered a sign of illness.. as if something is wrong with him or her.. education actually ruined us.. Apocalypse means unveiling or uncovering. It doesn't mean destruction. Get over what they have been telling you, scaring you with. It is their ending, their way of business, not ours. If things get tough I will act accordingly (probably, hard to really know), but right now we have a choice. Life isn't hypothetical, it is, is. Again, you go an believe your reality and let us believe ours. Enough said... |
|
|
|
Those offering virtual currencies must comply with these regulatory requirements and if they do so they have nothing to fear... ...and what are those regulatory requirements? a person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter. So hey, as long as all the miners register as money transmitters, they have nothing to fear! and Fobot... The regulatory requirements have BASICALLY been set by FinCen. No, they are not clear but it gives us something to work with. Current regulations, not future. Again, we are in a position of power. Don't give in to fear. I don't think the miner thing is clear. That sure is bothersome. But we got to move forward. See good news as good news and don't lump it all as bad. That is unfair. |
|
|
|
Listen from around the 27:30 minute on. Some VERY notable extracts: I want to make clear that today's actions does not mean that we are against virtual currencies To the contrary, mobile and internet based financial technologies, including virtual currencies, have great promise to empower consumers, to encourage the development of innovative financial products and expand access to financial services. In fact FinCen issued guidance in March 2013 to bring clarity and regulatory certainty to businesses and individuals.... Those offering virtual currencies must comply with these regulatory requirements and if they do so they have nothing to fear... This is pretty damn good news guys... You've cherry picked. This is an ex-script from the same video... ...27:06 "[...] was used because of the anonymity it offers. Liberty Reserve thus threatens the financial system by facilitating anonymous transactions among cyber criminals ultimately involving more traditional financial institutions where so called Liberty Reserve dollars are converted into US Dollars. Liberty Reserve also threatens the US financial system by providing financial services to the developers and purchasers of financial malware [...]" Replace "Liberty Reserve dollars" with "Bitcoins" and "traditional financial institutions" with "exchanges (Mt Gox et al)" and suddenly, the pictures not quite so rosy. Your experience may differ, but subjectively no where in that video does it hint at endorsement of Bitcoin. And if you were to take Liberty Reserve as the model and apply it to the current BTC world, most of the current Bitcoin businesses fall afoul of US (read: Western global) anti money laundering regulations. Two points: 1. Seem odd to suddenly be offering blind trust to a government after years of building an ideology on the basis the same government is untrustworthy. I guess they are ok when they say what you want? Not so good when they don't? 2. ...27:06 "[...] [Bitcoin]was used because of the anonymity it offers. Liberty Reserve [Bitcoin]thus threatens the financial system by facilitating anonymous transactions among cyber criminals ultimately involving more traditional financial institutions where so called Liberty Reserve dollars [Bitcoins] are converted into US Dollars. Liberty Reserve [Bitcoin] also threatens the US financial system by providing financial services to the developers and purchasers of financial malware [...]" Not hard to swap the names and drop the hammer. If anything, it's another telegraphed warning at Bitcoin. Didn't see this part initially when the news broke. Very telling IMO. FUD? Maybe. You don't "telegraph warnings" to a p2p protocol. But there is a clear message to exchanges - they want their voice to be heard. Everything else in your post is FUD of the dullest kind. Well said. It is being spelled out for us and even then, FUD'ers want to spin it negatively. "Maybe it was Amazon Coin or the like". (Not to pick on that one example). CoinFuder is the king of this. He wants to make money with BitCoin and cares less about the bigger implications. You reap what you sow... Blind trust? If they lie they lie, but we have to go forward. Don't live in fear people, that gives up your power. We got a break guys, they want us to follow CURRENT regulations. This doesn't mean we are kissing AZZ. Anything new that comes up will have to be met from a position of power, which we are in. |
|
|
|
The moment we free ourselves from the tyranny of the goverment and become free...
I'm selling you my laptop and all my bitcoins for a bow , 10 arrows and a blanket.
A common reaction. People often imagine that without centrally enforced rules, everything would instantly dissolve into a dog-eat-dog war zone with people killing other people at random, looting, raping and taking a shit in front of your door (someone once provided this as an argument in this very same discussion with me..). As if the only thing stopping people from acting this way right now is the looming threat of imprisonment and punishment by the legal system. Divide and conquer still seems to be working quite well. Have you ever noticed that laws are there for OTHER people? As in the laws are here to prevent other people from killing me and stealing my stuff. Not to prevent me from doing the same. I'm a decent fellow. It's those other bastards... A little reminder. http://silverdoctors.com/one-year-in-hellsurviving-a-full-shtf-collapse-in-bosnia/People living a quiet life eating pies with their neighbours and talking about how bad their goverment is with a beer in their hands don't have a clue what happens when there is no central authority. The same neighbour will kill you for food simply because he doesn't want to die first. Armed gang will soon appear because it's human nature to seek power and to gain control , also to ensure your own life. Kill before getting killed. What happend is former Yugoslavia and what happend right after the fall of mother Russia in the ex-soviets states is a clear example. Ps. I live close to the serbian-romanian border , so the shit going there was real. When we treat other people as "competitors" then stealing and such when times get tough is a predictable outcome. But we have known no other form of government and economics. We are taught in the schools that Darwin was right, when nature shows us cooperation is right. (Even with Lions hunting prey, Nature is mostly a brilliant example of cooperation). So, you can express your examples till the cows come home, but your (our) operating system is an artificially created one. See, we don't know what human nature truly is if we watch TV, experience wars, etc. because we have been programmed from an early age to believe the BS they have been feeding us. There are examples of peoples in the world (e.g. - Kogi) who are quite peaceful and retreat in the face of fighting (they did). But they don't follow our culture. And as this sick operating system is replaced by a more cooperative one, peoples will look back at this time and speak with certainty of how wrong we were about "people are inherently evil". Keep dreaming..... You believe your sick dream and let those peaceful of us LIVE ours. |
|
|
|
In any scenario where theres an absence of central authority or rules people will revert to their original sociopathic state.. people will kill each other for petty things because now they will not be questioned for the crime.. i think rules are necessary but only to an extent where they protect the society and not an individual.. rules today are only for those without power, the average citizen.. the ones with money aka power still dont have to answer for their crimes..
Again, you don't know that. You are speaking like recent history is the proof of what human behavior is. We have been led by the least among us. We have been led with money in mind and not compassion. Change the variables of the equation we currently live in, and you would not feel nor believe what you do. Our educational system has been dumbing us down with Prussian "education" since the 1800's. Taking away and killing our creativity and curiosity. Do the real research and you will see we have manipulated to feel and believe what we currently do. But welcome to the apocalypse - the truth is being unveiled... |
|
|
|
The moment we free ourselves from the tyranny of the goverment and become free...
I'm selling you my laptop and all my bitcoins for a bow , 10 arrows and a blanket.
A common reaction. People often imagine that without centrally enforced rules, everything would instantly dissolve into a dog-eat-dog war zone with people killing other people at random, looting, raping and taking a shit in front of your door (someone once provided this as an argument in this very same discussion with me..). As if the only thing stopping people from acting this way right now is the looming threat of imprisonment and punishment by the legal system. Divide and conquer still seems to be working quite well. Have you ever noticed that laws are there for OTHER people? As in the laws are here to prevent other people from killing me and stealing my stuff. Not to prevent me from doing the same. I'm a decent fellow. It's those other bastards... A little reminder. http://silverdoctors.com/one-year-in-hellsurviving-a-full-shtf-collapse-in-bosnia/People living a quiet life eating pies with their neighbours and talking about how bad their goverment is with a beer in their hands don't have a clue what happens when there is no central authority. The same neighbour will kill you for food simply because he doesn't want to die first. Armed gang will soon appear because it's human nature to seek power and to gain control , also to ensure your own life. Kill before getting killed. What happend is former Yugoslavia and what happend right after the fall of mother Russia in the ex-soviets states is a clear example. Ps. I live close to the serbian-romanian border , so the shit going there was real. When we treat other people as "competitors" then stealing and such when times get tough is a predictable outcome. But we have known no other form of government and economics. We are taught in the schools that Darwin was right, when nature shows us cooperation is right. (Even with Lions hunting prey, Nature is mostly a brilliant example of cooperation). So, you can express your examples till the cows come home, but your (our) operating system is an artificially created one. See, we don't know what human nature truly is if we watch TV, experience wars, etc. because we have been programmed from an early age to believe the BS they have been feeding us. There are examples of peoples in the world (e.g. - Kogi) who are quite peaceful and retreat in the face of fighting (they did). But they don't follow our culture. And as this sick operating system is replaced by a more cooperative one, peoples will look back at this time and speak with certainty of how wrong we were about "people are inherently evil". |
|
|
|
I think Human history (and those that control it) have give people the idea that we, humans, are inherently bad. That is false, but when you control the past and present, you have a way of effecting the future.
Agreed. The very next poster provides a case in point: The moment we free ourselves from the tyranny of the goverment and become free...
I'm selling you my laptop and all my bitcoins for a bow , 10 arrows and a blanket.
A common reaction. People often imagine that without centrally enforced rules, everything would instantly dissolve into a dog-eat-dog war zone with people killing other people at random, looting, raping and taking a shit in front of your door (someone once provided this as an argument in this very same discussion with me..). As if the only thing stopping people from acting this way right now is the looming threat of imprisonment and punishment by the legal system. Divide and conquer still seems to be working quite well. Have you ever noticed that laws are there for OTHER people? As in the laws are here to prevent other people from killing me and stealing my stuff. Not to prevent me from doing the same. I'm a decent fellow. It's those other bastards... I guess laws to keep us "under control" to an extent. And when you watch the news all the bad in the world rarely, if ever, seems to be where you live. Notice that? I mean it usually isn't even in your country. It is like programming to pass ridiculous laws... but it is starting to fail. People are waking up, albeit slowly in the States... |
|
|
|
|
Show Posts
