Why are you so obsessed with Bitcoin.
i have to communicate to the LamChop through all of you, i have him on ignore, i have been on here almost 3 years and he is the first troll i had to ignore, my apologies to the rest of you who are subject to his belligerent and persistent ignorance. I am officially LamChop's ignorant, and it is bliss. That may be a better practice because sometimes these trolls do seem to have a tendency to distract and to lure us into irrelevant and tangential and distracting discussions... and sometimes done through entertainment. |
|
|
|
Anyone with a rudimentary understanding of Bitcoin would realize that Bitcoin is not a deflationary, but an inflationary economy currency. Bitcoin's money supply is currently inflating at 10% a year.
Anyone with a rudimentary understanding of Austrian economics would realize that it has been kicked to the curb by modern economics. Some parts of it were incorporated, others simply left out to rot--so that passing children could point their fingers and laugh.
Anyone with half a brain would realize Bitcoin's inflation is not comparable to fiat currencies inflation. Anyone with a rudimentary understanding of history would realize Austrian economics has been kicked to the curb by incumbents who profit from Keynesian system. Yeah yeah yeah. Fiat's buying power has TRIPLED relative BTC in the year 2014. "We just never had a chance to make it work, IF we did, it woulda been awesome!" Sure. Show me some product  Bitcoin did not appear in 2014. I'm not sure what is more tragic, your short-sightedness or the fact that you literally spend hours on this forum trying to convince yourself you are right. A quick look shows me you average 40 post per day on this board this month. If, as you have mentioned earlier, trading is not a cooperative game, then why are you here? Surely not for trading advice or insights. Your insolence and high horse approach is certainly not helping anyone reconsider their interest for Bitcoin as well. So what is your purpose here? Why are you so obsessed with Bitcoin. isnt it is obvious that he was paid troll, maybe paid by the bank Should be pretty obvious, that LambChops is a paid shill and disingenuous and engaged in tactics to distract from meaningful discussions in this forum by continuing to spread incorrect, misleading and garbage information regarding bitcoin.. and though at times it appears that he makes attempts at being entertaining, with those many cute cartoons that he is paid to find and construct.. though when in reality, he is a BIG ASS jerk... who is attempting to deceive people regarding their considerations about bitcoin and about BTC price movements and about the future of BTC. |
|
|
|
Anyone with a rudimentary understanding of Bitcoin would realize that Bitcoin is not a deflationary, but an inflationary economy currency. Bitcoin's money supply is currently inflating at 10% a year.
Anyone with a rudimentary understanding of Austrian economics would realize that it has been kicked to the curb by modern economics. Some parts of it were incorporated, others simply left out to rot--so that passing children could point their fingers and laugh.
Anyone with half a brain would realize Bitcoin's inflation is not comparable to fiat currencies inflation. Anyone with a rudimentary understanding of history would realize Austrian economics has been kicked to the curb by incumbents who profit from Keynesian system. Yeah yeah yeah. Fiat's buying power has TRIPLED relative BTC in the year 2014. "We just never had a chance to make it work, IF we did, it woulda been awesome!" Sure. Show me some product The bitcoin product is already a tangible item and it is successful with a network of infrastructure built around it and the blockchain, and it is likely going to continue to receive building around it and the blockchain and imitations etc. etc. Bitcoin is also more probable to get bigger, rather than smaller with the passage of time. Surely, bitcoin and the blockchain could die in the next 2-5 years; however, the odds seem to be against that and on the other hand, the odds seem to be in favor of the building on and around the blockchain is going to continue to take place to such an extent that bitcoin and the blockchain are going to become more and more common in more and more niches throughout the world. We all need paciencia to witness the evolution of these expansions of the blockchain along with bitcoin. And, that part of the reason why we have this expression... cut your goose loose!!!!, and get into bitcoin while the getting is good... otherwise we will see you later down the road.. you will still be welcome to enter into bitcoin, but the entry price will be a bit higher. |
|
|
|
I think it's time to bump this thread.
I'm betting 0.05 BTC we just passed 398 for the last time.
How long of a timeframe on the bet? Are you willing to have an escrow hold the bet money? What exchange are you going by? Ok Mr Big, my first bet with Bitcoin, - ever - I'm now a gambling man  I'll take you up if you agree to these terms, price average as displayed on http://winkdex.com/start: Oct 14, 2014 8:01pm EDT (12:01am UTC) fro 1 year. if I win you can send the 0.05 BTC to this address: 16uniUFpbhrAxAWMZ9qEkcT9Wf34ETB4Tt and sign a message posted in this thread. if during any time over the next year it dips below 398 on the Winkdex I'll send 0.05 to an address of your choosing and sign it if you want. At least you could come up with a more interesting bet... and also be clear to settle the terms of the bet before it is lost. This one is likely to be lost within 24 hours, no? possibly more likely within less than 4 hours. if he had taken the bet I'd have lost, but I'm not interested in betting actually, i just wanted justusranvier to update the milestones, looks like we cant cross off 389.11 yet. bitcoin moves from week hands to strong, 0.05 could just slip through my fingers. If you were to want to structure a genuine bet regarding "BTC prices will NOT go below ____X____ by ____Y___ time" I am sure that there would be quite a few posters on this forum who would be willing to take you up on such a bet, especially if it is only for .05 BTC and they perceive that it is fairly likely that they could win the bet. Personally, I am rarely so confident as to the short-term BTC price movement.. but there may be even instances and certain framings of bets that I would be willing to get involved in. In this case, as you seem to have conceded, you never really gave enough time for any real serious and genuine consideration to the settlement of your bet terms, so in those kinds of circumstances, you will be hard-pressed to find any takers.. in order to genuinely follow through.. that is if you had been attempting to make such a bet within such a short time window. Anyhow, since you seemed to have NOT been serious about your bet, proposing the bet was more like trolling... and sorry to use such a harsh description which seems to have been the case, here. |
|
|
|
I think it's time to bump this thread.
I'm betting 0.05 BTC we just passed 398 for the last time.
How long of a timeframe on the bet? Are you willing to have an escrow hold the bet money? What exchange are you going by? Ok Mr Big, my first bet with Bitcoin, - ever - I'm now a gambling man I'll take you up if you agree to these terms, price average as displayed on http://winkdex.com/start: Oct 14, 2014 8:01pm EDT (12:01am UTC) fro 1 year. if I win you can send the 0.05 BTC to this address: 16uniUFpbhrAxAWMZ9qEkcT9Wf34ETB4Tt and sign a message posted in this thread. if during any time over the next year it dips below 398 on the Winkdex I'll send 0.05 to an address of your choosing and sign it if you want. At least you could come up with a more interesting bet... and also be clear to settle the terms of the bet before it is lost. This one is likely to be lost within 24 hours, no? possibly more likely within less than 4 hours. |
|
|
|
I can't handle this shit anymore. I'm out. I just sold all my coins. Fuck it.
TIL Shroom isn't only the biggest whiny bitch, but also the biggest hypocrite. Are you lumping yourself with the "Idiot" dumpers now? He did this a couple of months ago, too... he just needs lots of attention.  |
|
|
|
Idiot traders, feel free to continue with your dumping obsession. It doesn't affect me anymore.
Just keep destroying the market.
Choo choo gonna leave you birdie dog.... Then maybe that will affect you, no? |
|
|
|
I can't handle this shit anymore. I'm out. I just sold all my coins. Fuck it.
What an attention whore!!!!  We think we are getting rid of Shroomie, but don't count your blessing too early... He will be back soon.  |
|
|
|
I thought that you were buying those coins back in the low $300s? NOT enough cash flow to buy them all back? By the way, trend reversal again, we are in the $300s... back to a bear market.... Fuck..  Nah, I did say I changed my mind about buying back in:
I have $20k that I haven't bought back in with yet. I'm actually more comfortable with the amount I have in btc right now (around 40 currently) so I can only assume I was overinvested, as I was far too emotional about it. I'll keep "buying back in" via my income in btc, but I think I'll put the $20k into a nice mutual fund or ETF
Seems like I may have missed that post, or maybe i only read what I wanted to read.... Yes, each of us make our choices based on our risk tolerances and view of probabilities and time-line etc etc... good to be diversified at your own comfort level rather than the comfort of somebody else...  |
|
|
|
That's at least the second time that you quoted yourself... cmon, that is my moment of fame ! & thx for requoting. We'll it is pretty specific, even though we cannot really know these things, so i consider it like throwing a dart with a blindfold on after spinning around three times... but congratulations, anyhow... |
|
|
|
That's at least the second time that you quoted yourself... |
|
|
|
Even though i sold half my btc at $380 last month if we hit $3k it would make enough of a difference to my long term FI goal that I could pretty much quit working on the spot.
Therefore i think it's unlikely as I am never that lucky
I thought that you were buying those coins back in the low $300s? NOT enough cash flow to buy them all back? By the way, trend reversal again, we are in the $300s... back to a bear market.... Fuck.. you were saying? I was just making an attempt at some light humor regarding a supposed trend reversal... I understand that trends do NOT change so easily.. or at least this particular trend is seemingly gonna be heading in the upward direction.... but I am NOT going to hold my breath. |
|
|
|
In other words, it will NOT make a whole hell-a-va lot of difference if I buy additional coins at $390 or at $430. Hopefully your spreadsheet speaks la verdad. You should have been all in already! (like me) That failure to hesitate has pretty much been my blessing and my problem, at the same time. I have been investing my spare money as it comes in and becomes available. Accordingly, some of my money was either NOT available during the lowest prices, or for example, I bought coins at $360, $340, $320 and $300, so when coins were $270, I did NOT have much money left, though I did buy a couple BTC at $280.... Also, in May and June, I began to consider that the downward trend had reversed, and I pretty much doubled down at that time (even though I did keep a little bit of fiat available, i had pretty much gone in heavily in the upper $500 and lower $600 arena... Then this week, I had more cash come in my direction, but yes, prices are $120 higher per BTC... than they were last week... funny that...  |
|
|
|
So the question I have for everyone is are we really ready for another bubble? For those of you that have been through a rally before do you remember how addicted we became to the charts? Even more so than now, which can be hard to believe for some of us. And if you are anything like me, all I seemed to talk about day and night was Bitcoin. My kids would even say, "Stop talking about Bitcoin!" But the obsessiveness was because of the adrenalin rush of price increases every day, every hour and sometimes every minute! Hopefully I can remain more calm and less of an "addict" this time around. We will see. . .
I prefer a modest rise of 10% per week in the beginning of a new bubble, so we rise too fast. Wild guess: this time we first get a minibubble of say 2000 USD/B, after a pause of a month or so we get the real bubble. How far does the real bubble go? Initially, I had been thinking $2.5k to $5k; however, since we seemed to have been delayed a few extra months, I began to conjecture between $3k and $13k... mostly based on pent-up demand and the fact that there has been considerable more infrastructure built and additional easy abilities for big money to easily get in or out, in fairly short notice. I agree, much pent-up demand. At least $10K. Here is what I have in my spreadsheet: Today Oct 14, 2014 2110 $3,058.58 0.600 $12,176.43 FV Test Date Dec 2, 2014 2159 $4,296.43 $17,104.41 So, what it's saying is that if it has already started...today's log10()trend value should be $3058, and we predict 7 weeks from today as the peak of log10() +0.600 above the trend of $17104. log10() +0.600 is a conservative estimate, in the past we have gone log10() +1.7 above the trend but that seems unfathomable to me right now...because that would put us into numbers above $212k per btc. In other words, it will NOT make a whole hell-a-va lot of difference if I buy additional coins at $390 or at $430. Hopefully your spreadsheet speaks la verdad. |
|
|
|
Even though i sold half my btc at $380 last month if we hit $3k it would make enough of a difference to my long term FI goal that I could pretty much quit working on the spot.
Therefore i think it's unlikely as I am never that lucky
I thought that you were buying those coins back in the low $300s? NOT enough cash flow to buy them all back? By the way, trend reversal again, we are in the $300s... back to a bear market.... Fuck.. |
|
|
|
So the question I have for everyone is are we really ready for another bubble? For those of you that have been through a rally before do you remember how addicted we became to the charts? Even more so than now, which can be hard to believe for some of us. And if you are anything like me, all I seemed to talk about day and night was Bitcoin. My kids would even say, "Stop talking about Bitcoin!" But the obsessiveness was because of the adrenalin rush of price increases every day, every hour and sometimes every minute! Hopefully I can remain more calm and less of an "addict" this time around. We will see. . .
I prefer a modest rise of 10% per week in the beginning of a new bubble, so we rise too fast. Wild guess: this time we first get a minibubble of say 2000 USD/B, after a pause of a month or so we get the real bubble. How far does the real bubble go? Initially, I had been thinking $2.5k to $5k; however, since we seemed to have been delayed a few extra months, I began to conjecture between $3k and $13k... mostly based on pent-up demand and the fact that there has been considerable more infrastructure built and additional easy abilities for big money to easily get in or out, in fairly short notice. I agree, much pent-up demand. At least $10K. You are predicting, more or less, mini-bubble in 2014, and then "real" bubble in early 2015? |
|
|
|
It looks like my prediction is still on track.
bubble start between 25th sept. and 25th oct.
Now CCMF!
That seems to be a very (and even too quick rise to the top).. and where is the top gonna be in your enlightened vision? <-- look left. I saw the date.. that is what I mean when I suggested that you are predicting a quick move to the top.... I was asking you about the number.. the price? $1k, $2k, $5k? do you have a ballpark estimate? Price is more difficult. I did not really think about the price yet. First guess would be around $3k, but it really depends how things work out during the bubble. It could top to 10k$ if something big happens in the world. Otherwise, 3k$ is my moderate guess. Fair enough........ but seems kind of quick to get to $3k... but what the fuck do I know? I was thinking that we may diddly dadly around a little more in the sub $800s arena.. and probably see a $3k to $13k bubble in early 2015-ish.. and possibly NOT until May-ish 2015... but my predictions are even less concrete than yours. On a bit of a side note, I saw some of your posts when BTC prices were transgressing below $350 and into the $270s arena... and some of your posts certainly had the tone of questioning and maybe even teetering on retracting your 9/25 to 10/25 upwardly mobile ...prediction... he hehe.... I doubt that your earlier prediction contemplated the $270s dip.. and in that regard, wouldn't the $270s dip have an affect of potentially delaying or stiffling in some way the extent of the upward bullishness and even the rapidity of such upward price movement contained in your prediction? |
|
|
|
It looks like my prediction is still on track.
bubble start between 25th sept. and 25th oct.
Now CCMF!
That seems to be a very (and even too quick rise to the top).. and where is the top gonna be in your enlightened vision? <-- look left. I saw the date.. that is what I mean when I suggested that you are predicting a quick move to the top.... I was asking you about the number.. the price? $1k, $2k, $5k? do you have a ballpark estimate? |
|
|
|
It looks like my prediction is still on track.
bubble start between 25th sept. and 25th oct.
Now CCMF!
Maybe this IS the bubble start? Yes it is That's why I say it is on track. I also predict the top, hope I'm right. My trades are dependent on it. oh hah i misread what you wrote. I hope you are right as well, although many people predict us to retrace to 300 once more. Retrace to $300 seems very doubtful, given the way the market has played out over the past week. and the next upward leg in the next day or two is going to make it even more difficult to retrace below $400... b/c we seem to have ourselves upward momentum... |
|
|
|
It looks like my prediction is still on track.
bubble start between 25th sept. and 25th oct.
Now CCMF!
That seems to be a very (and even too quick rise to the top).. and where is the top gonna be in your enlightened vision? |
|
|
|
|
Show Posts
