Reviewing the real Satoshi's early emails and forum posts, it is so easy to see that he was ego-centric narcissist with an anger hair trigger, just about anything would set him off. Especially if you said something he didn't agree with...so CSW must definitely be him...

....not.

^{yes in case you were wondering this was sarcasm}

Nocoiners must also not be investors. Because under the mantra of "buy low, sell high", then every asset in life would be considered a ponzi by their definition.

Although personally, I abhor the idea of selling bitcoin back for fiat. Especially since I went through all the trouble of obtaining it in the first place. I'd rather be able to spend it for everything, including paying bills and taxes with it. The only reason I would ever sell bitcoin for fiat is if I couldn't purchase the good or service I needed with bitcoin directly.

Some of you hypocrites are talking out both sides of your ass though. You can't square spouting out "Bitcoin is money, and better than fiat! Fuck banks!" while also muttering "I can't wait for the next ATH so I can cash out [to fiat]!" Those two philosophies are diametrically opposed, in case you were wondering.  

OT : Conspiracy Theory of the Day - California Fires

Hmmm, let's see.... when the economy has a major downturn and people start struggling to pay their monthly bills, what is one monthly service bill that people think they can shed and get away with it?

Yep, you guessed it, it's their monthly Home Insurance payment.

And when this starts to happen nationwide by the hundreds of thousands, millions of citizens, the Insurance Megacorps overlords start to get very upset. Then as they start to lose even more money, they get desperate. How would the Insurance Megacorps go about putting the fear of God back into those citizens to sign back up for their home insurance?

Hmmm....maybe....mega fires....?? DEW?

Nah. Just coincidence, quack theory, blah blah.

Or...?

Why did 6 out of the 10 deadliest and costliest California fires in *history* happen just since 2015?

Volume still pitiful and anemic. Whale traders have not come back yet. We are still adrift.

Could be this way for a long time. 

Pamping the shitcoins first to throw off the newb investors and traders

More like they always agree on "we need to pile on another $800B/year to the nation debt". Irrelevant what they spend it on.... gridlock or not.

OT: https://www.cnbc.com/2018/11/06/stock-futures-open-flat-as-investors-await-midterm-elections-results.html


So there it is, folks. Wall Street actually prefers Washington gridlocked, divided, and getting nothing accomplished but spending taxpayer money to do nothing. 

Uh, wait... isn't Rick being hypocritical here? I remember when the "CEO of BCash" had his head so far up CSW's ass it wasn't even funny.

Tried changing to a png and that seemed to work, thanks.

Five years now waiting for someone, anyone, to correctly nail the obscure reference to my avatar image. His character name on the show was "Torque".

Mega merit for you! And thanks for the hat!  

Edit: I've uploaded the new avatar, but still no change. Guess I'll have to wait...

If thousands of shitcoins are treated as equally special, then none of them are. Nothing but a bunch of penny stock trash.

Bitcoin is the only crypto that matters. Everything else is irrelevant.

https://www.cnbc.com/2018/10/30/cryptocurrency-start-up-coinbase-valued-at-8-billion-despite-bitcoins-plunge.html

I've lost all and total respect for Coinbase. Series E funding for another $300M, and still not profitable.

But especially because of this fucking quote:


Hundreds? Thousands? Really?? Unfucking believable, they are working so hard to become just another Cryptsy 2.0 scammer platform.    

They could give two shits about Bitcoin, since apparently *ALL* cryptocurrencies existing now and new ones in the future are created equal in their minds. This attitude is a thousand light years from what Brian Armstrong said when he orginally founded the company.

OT: Sounds like Apple is going to stop reporting actual quarterly unit sales numbers for it's iPhones, iPads, and laptops.

https://www.cnbc.com/2018/11/02/apple-stock-lower-after-major-shake-up-of-quarterly-reports.html

WTAF?? I guess transparent sales and revenue numbers just don't fkn matter for these tech companies anymore. Stock price will keep pumping while sales go down. Insane the world we live in now.

OT: All this talk in the MSM of the U.S. stock market "correcting", "plunging", or "crashing". 'Cause muh Tariffs and the Fed raising rates, blah blah blah. 

Yeah right. People just don't get it. So easy for them to shake the tree in a market that has a valuation that has been easily manipulated and fabricated for over a decade now. That's all it is, the tree being shaken and Wall Street taking up new positions to get ready for a whole new bull run. Nothing more.

A lot of people think sideways action means that the Bitcoin market is dead and nothing is happening.

Au contraire, major accumulation is happening otc as we speak. They can keep this going with a wash traded market for a long time, at least another year or so.

The market won't move until they are ready to move it.

You're wasting your breath V8.

The fact that these shitcoin lovers want to chide Bitcoin for somehow having an unfair launch and subsequent distribution, when the majority of every shitcoin since has been at least 1000+ times worse (massive premining, insiders and devs getting massive first distributions off the books, etc.), is the height of hypocrisy.

I mean just look at Litecoin (one I consider a somewhat fair launch), with what...7-8+ million LTC sitting in the hands of like 1-2 chinese exchanges? And that's not even the worst shitcoin distro, not even close.

I could envision a day in the future where in Bitcoin we have could true inverse correlation. But I don't think we're there yet. We may never have a true 100% inverse.

In fact I don't believe things like the PMs markets are a true hedge against the stock market anymore. They've been pumped with so much leverage and derivative now that most often they move in sync with the stock market these days. I'm sure that's by design - centralized control.

It's all about technicals and "narratives" anymore, rather than fundamentals.

Well, in 2013 the U.S. stock market went on a massive bull run/rally, peaked in Dec 2013, then went sharply bear in Jan 2014.

So did the Bitcoin market.

Then in 2017 the U.S. stock market went on a massive bull run/rally, peaked in Dec 2017, then went sharply bear in Jan 2018.

So did the Bitcoin market.

If you can't see that direct correlation, then I can't help you man. It's all about long money vs. short money, and smart money vs. dumb.

I would agree with you on technicals though, as the Bitcoin fundamentals haven't changed since 2012 so they don't really matter. I don't really consider SW and LN as a huge change to the fundamentals, as the utility and SoV function has been there all along.

This won't last guys.

Bitcoin has shown more synchronicity with the U.S. stock market than a hedge against it. And I'm pretty sure the U.S. stock market will begin a new bull run next year.

Why do you think the Fed wants to hike interest rates 4 times next year? Because it already knows the plan and the pattern (2-3 yr bull, 1-1.5 yr bear which we're in now). So the Fed already knows things will start to turn around to bullish again next year, and it will seek to hike into strength. That's why insiders like Jim Cramer know the bull will return next year and are pissed the Fed will want to hike into it. The banks and the financial corps will lobby for the Fed to delay or go slower.