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2601  Economy / Scam Accusations / Re: List of ongoing scams on: July 20, 2013, 07:53:57 PM
It's scams all the way down.
2602  Economy / Speculation / Re: Do you seriously believe that Cyprus was main cause of the bubble? on: July 20, 2013, 07:46:09 PM
I can't watch that.  Shocked
2603  Economy / Speculation / Re: I believe the price has nowhere to go but down and here's why I think so. on: July 20, 2013, 07:24:24 PM
EM is the official daily King Troll

Accusing me of trolling while ignoring the arguments I present still seems to be a popular tactic.

Here is a reason for you of why it won't happen:
In order to reach those levels it would require so much money that the only people who could bring it there are those who controlbenefit from the monetary system in the first place.
For Bitcoin the Winklevoss are the end of the road. Any more wealthy than that and they would stand more to lose than they can win.

This is utter tosh, even for you Mucus. Bitcoin success and traditional investment wealth are not mutually exclusive.

Failure of the traditional monetary system may spur success of Bitcoin, but the corollary is not true.

Interesting terminology, I've read it a couple of time and still don't get it.
Please elaborate.

If you are confused with my terminology as I am with yours:
My point is that people further down the line after the Winklevoss would have a smaller piece of the Pie than they had before since the rest of the cake has already been eaten.
2604  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 20, 2013, 01:53:29 PM
What is "Trotter indicator", I have never heared of it? It seems to make amazingly precise predictions because these are exactly the price levels we are going to see.
It's what Del Boy uses


That's how he made the money to buy that limousine


Very subtle. Wink
I like it!
2605  Economy / Speculation / Re: I believe the price has nowhere to go but down and here's why I think so. on: July 20, 2013, 01:37:49 PM
Here is a reason for you of why it won't happen:
In order to reach those levels it would require so much money that the only people who could bring it there are those who controlbenefit from the monetary system in the first place.
For Bitcoin the Winklevoss are the end of the road. Any more wealthy than that and they would stand more to lose than they can win.
2606  Alternate cryptocurrencies / Altcoin Discussion / Re: Have ASICS really ruined all GPU mining? And damaged the future of crypto? on: July 20, 2013, 01:33:40 PM
XPM seems to be the first on that path.

How so?
2607  Alternate cryptocurrencies / Altcoin Discussion / Re: Have ASICS really ruined all GPU mining? on: July 20, 2013, 01:30:48 PM
Mining will exist till somebody figures out of how to use useful computational work to secure transactions.

Once that is done bitcoin and every other project based on it is useless.
2608  Economy / Speculation / Re: I believe the price has nowhere to go but down and here's why I think so. on: July 20, 2013, 01:08:07 PM
We're out of suckers.

We don't need suckers, just people who understand the benefits of using bitcoins.

Those benefits are actually different than the Bitcoin gospel claims. And it has nothing to do with owning them, investing in them or anything by that matter.
2609  Economy / Speculation / Re: Do you seriously believe that Cyprus was main cause of the bubble? on: July 20, 2013, 01:06:58 PM
Spot on.
2610  Economy / Speculation / Re: I believe the price has nowhere to go but down and here's why I think so. on: July 20, 2013, 12:49:51 PM
By the same token that your weak-minded friend was impressed that "a bitcoin" is "worth more than the dollar", we have idiots on CNBC saying things like "it's crazy that people are actually willing to pay $100 for just one of these bitcoin things". WTF!! Why can't people understand divisibility and percentages?

Don't be part of the problem!
Actually its more like why pay 100 Dollars for something that someone payed 1 Cent for three years ago?

Or worse why pay someone 100 Dollars for something that they bought for 1 Cent three years ago?
Of course that does only makes sense if you think there is someone who will pay you 10,000 Dollars in another three years.

Don't you be part of the problem.

You're right - my aunt was telling me how houses used to cost around £3000 where she lived. These days the same ones are worth around £500,000.

I'll wait till houses go back down to £3000 before I buy again.

Thanks for the tip.

Are you seriously comparing inflation over decades resulting in 16 fold increase to the 3 years of Bitcoin evangelism resulting in a 1000 fold increase?
2611  Economy / Speculation / Re: I believe the price has nowhere to go but down and here's why I think so. on: July 20, 2013, 07:47:01 AM
By the same token that your weak-minded friend was impressed that "a bitcoin" is "worth more than the dollar", we have idiots on CNBC saying things like "it's crazy that people are actually willing to pay $100 for just one of these bitcoin things". WTF!! Why can't people understand divisibility and percentages?

Don't be part of the problem!
Actually its more like why pay 100 Dollars for something that someone payed 1 Cent for three years ago?

Or worse why pay someone 100 Dollars for something that they bought for 1 Cent three years ago?
Of course that does only makes sense if you think there is someone who will pay you 10,000 Dollars in another three years.

Don't you be part of the problem.


You again... You do KNOW you're wrong or that your points are irrelevant, right? Just in it for the argument? If so, that's cool. We should all be able to defend our points in detail and you do help people with that.

BUT - I feel like I shouldn't have to say the following:
What someone paid for an asset previously doesn't matter. Do you begrudge early Google employees who were issued stock when the company's valuation was in the low millions? Now that Google is 20,000x bigger, does the fact that someone, at some point in the past, paid a tiny fraction of current valuation impact the value that the buyer/holder is getting currently in any way? No. This is basic stuff and you know it.


Except GOOG did rise 700% not 1,000,000%. Is that your defense?
Because isn't not even wrong, it doesn't even make sense. You better get used to the argument, because it will be there till the end. If that does make you angry go push that orange button! Wink
2612  Economy / Speculation / Re: I believe the price has nowhere to go but down and here's why I think so. on: July 20, 2013, 05:16:25 AM
By the same token that your weak-minded friend was impressed that "a bitcoin" is "worth more than the dollar", we have idiots on CNBC saying things like "it's crazy that people are actually willing to pay $100 for just one of these bitcoin things". WTF!! Why can't people understand divisibility and percentages?

Don't be part of the problem!
Actually its more like why pay 100 Dollars for something that someone payed 1 Cent for three years ago?

Or worse why pay someone 100 Dollars for something that they bought for 1 Cent three years ago?
Of course that does only makes sense if you think there is someone who will pay you 10,000 Dollars in another three years.

Don't you be part of the problem.
2613  Economy / Speculation / Re: I believe the price has nowhere to go but down and here's why I think so. on: July 20, 2013, 12:42:26 AM
We're out of suckers.
2614  Economy / Speculation / Re: September BTC BOOM! on: July 19, 2013, 11:00:09 PM
I gonna bump this on October 1st and laugh at you guys.
2615  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 19, 2013, 07:33:08 PM
Who wants to see me take us over $100!  Cheesy Cheesy Cheesy

BUCKLE UP!

Me, do it on 23:23:23 UTC so we know it's you. I expect the price to be $100.01 then.
2616  Economy / Speculation / Re: [POLL] What will be the bottom? on: July 19, 2013, 04:31:14 PM
lol true Tongue

edit: But i garantee you that I will find some friends to buy all the BTC at 0.01$ if that ever happens Wink

I doubt that.

I would buy all the bitcoin for 0.01 USD, send me 21 million bitcoins and I will hand you a penny.

Not worth my time.
2617  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 19, 2013, 04:04:31 PM
Quote
The payout was in BTC, not USD.

To be paid in BTC, but maybe the buyer/s are using Dollars to buy BTC to pay? or you are 100% sure the buyer/s already had 135,000 Bitcoins in their pockets before signing the payout....? since we dont know who the buyer/s is/are - you can't know that.. furtheremore that anouncement of "batches" sounds to me like money will be coming from fiat to BTC

do you even know what payout means?

He's suggesting that the new owners of satoshi dice don't already have the BTC they agreed to pay for it. Tremendously stupid I know, but we can expect such suggestions under these circumstances.
2618  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 19, 2013, 03:01:32 AM
A gray candle is a burned out candle. So no thanks.
2619  Economy / Speculation / Re: It's going to blow... on: July 18, 2013, 09:05:06 PM
there's still a lot of manipulation going on

Nice nickname!

There always is and always will be.
2620  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: July 18, 2013, 08:38:51 PM
Does this look like it will revisit triple digits anytime soon to you?



Playing devils advocate, it could bounce off ~75 and then re-inflate the bubble.
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