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26961  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 05, 2014, 03:44:46 AM
<350   - 91 (59.1%)
>350   - 63 (40.9%)


until we see such statistics , so many bulls 41% the price will keep going down

perhaps if only 10-20% bulls left the price will start rising again

I don't agree the price will be dumped 2x more times before it go up.

Must be so awesome to be able to look into the future. You must be so rich.

"Must be so awesome to be able to look into the future."

Says the guy who claims he knows it all? and constantly "tells the future"

give me a break

(edit- I don't mind people speculating on the future, it is just the constant "you guys are idiots it has done this for x months, it wil always continue to do x, really shrooms, you have no right to give other people shit on here for what they say, you and a few others just repeat the same thing over and over and over too.. really.. )

Give the kid a break, it's not his fault that he's born a retard.  Cheesy

s/he or it was born a birdie dog or a doggie birdie, so s/he / it has limit intellectual capacities (accordingly, needs to stay on the same theme, otherwise will get lost)   Sad   Cry
26962  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 05, 2014, 03:36:43 AM
On the other side of things.. Why would whales (traders) leave BTC market? There is a huge amount of money to be made in BTC so why leave.
They aren't leaving, just selling now to buy more later.

Source? Other than your hopes, delusions and fantasies?
I thought this is a speculation thread. If you're looking for sources here you are definitely lost in the wrong section.

EvilPanda:  Your conclusion, here, is fucked up.  Speculation does NOT mean that you can say whatever the fuck you want.

Link?? What is your source about what does speculation mean?

Gnode:  I provided a rationale in my post that you clipped.. you understand that in making any kind of claim there is logic and there is evidence... that assist us to arrive at conclusions (and/or claims that we make).  When we make claims, usually there is a combination of both logic and evidence  but it is NOT necessary to have both logic and evidence for every case that a poster makes.  Also, sometimes when the claims are NOT controversial, posters may NOT even need to provide either logic or evidence for their claim(s). 

  Hopefully my explanation here makes sense for you, to the extent that you may possibly be interested in any kind of meaningful discussion of the subject matter?   Roll Eyes
26963  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: October 05, 2014, 03:21:20 AM
The time is coming...

We are only 3-6 months away from the next massive spike... and it will exceed all of your wildest dreams.

baaa, it's almost touching the 200's now....depressing...where's the spike you promised?

Did you read my post? I said 3-6 months before it happens minimum.

Jeebus christ, Bitcoin is practically guaranteed to go to the moon next year and you guys are whining about cheap coins.

Either take advantage of the current situation or don't.

I think people often confuse bitcoin for crypto in general. The writing is on the wall for crypto. It solves myriad real world problems that nothing else that has ever been invented can, or anything that will be invented for quite some time likely will. To confuse crypto currency in general for bitcoin specifically however might end up getting a lot of people burned.


You are NOT being very specific in your critique, and what are the possible solutions to this?  Educate people about different crypto currencies?  They have NO incentive to be educated until they become more invested in the ideas and/or practices of crypto, no?    Are you proposing any forward direction?



26964  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 05, 2014, 03:14:31 AM
<350   - 91 (59.1%)
>350   - 63 (40.9%)


until we see such statistics , so many bulls 41% the price will keep going down

perhaps if only 10-20% bulls left the price will start rising again

We do have a chinese subforum https://bitcointalk.org/index.php?board=30.0

Also, please buy a new keyboard, your SHIFT key and some other keys seem to be "out of order".

Just a reminder for everybody who can't speak English and has a broken keyboard...

My ALL CAPS gets stuck on certain words... funny that!!!    Cheesy Cheesy Cheesy
26965  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: October 05, 2014, 12:27:56 AM
The time is coming...

We are only 3-6 months away from the next massive spike... and it will exceed all of your wildest dreams.

baaa, it's almost touching the 200's now....depressing...where's the spike you promised?

Did you read my post? I said 3-6 months before it happens minimum.

Jeebus christ, Bitcoin is practically guaranteed to go to the moon next year and you guys are whining about cheap coins.

Either take advantage of the current situation or don't.

people said that we are guaranteed to have a nice gain year by year, no matter what the buy price. Already proved wrong.

Now you saying that we are guaranteed to get a big bubble in 2015...

People say all kinds of shit.  You need to learn to think for yourself and to take information that you get on the interwebs with a grain of salt...   Also take responsibility for your own decisions rather than suggesting that someone else tricked you into some kind of action that you would NOT have otherwise taken.   Roll Eyes
26966  Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;) on: October 05, 2014, 12:21:22 AM
I am curious about long term scenarios. We all know about 21 mil max bitcoins. However, if and when COIN or BIT will start trading, what would prevent Wall Street to multiply the number of supposedly strictly restricted number of units 10 or 100 fold? Nobody ever challenged GLD ETF to show that they actually own the amount of gold they supposed to have. Brokerages already using hypothecation for stocks, which together with other techniques in case of heavily shorted stocks is rumored to vastly increase the number of shares for some companies.

On the other hand, Bill Gates could sneeze in the morning and "accidentally" use one-one and a half day worth of his dividends and bitcoin will be above $1000  Smiley.

It's impossible. There is more GLD ETF then ever has been mined. GLD in its fine print says that they will settle accounts in cash if it comes to that. It is fraud sanctioned by the US government. It keeps the price artificially suppressed so their fiat lives on. There is no audit trail. It is kabuki theater. The only ETF that I know of that has audited gold with serial numbers is Sprott Physical Gold Trust (PHYS). Same thing with silver. SLV is a fraud. PSLV is legit.

If so, the same nonsense might be repeated with COIN.

It should be trivial to provide blockchain verifiable evidence of holdings in realtime. In fact I expect this before I send them a penny from my tax free stocks wrapper.

it should be trivial to document gold holdings as well. Perhaps you know this, but Joe public does not have the knowledge to check the blockchain to verify. Even for an expert, it would take a while, and they will say that it is proprietary info.

Well some exchanges reveal their holdings in a blockchain verifiable way. The same will i am sure be true of COIN. You think a major investor is going to send them millions of dollars and just accept that they have the coins without proof? Lol.

It is totally different from gold. This is a cryptographically verifiable non counterfeitable digital token - much cooler Smiley

What BTC ETFs like COIN and other BTC investment funds need to do is to guarantee and show allocated coins, every client's holding is stored on their own individual publicly published and viewable address, rather than pooled in the total holdings account as happens on exchanges, this is like the best practice of PM funds like www.bullionvault.com except miles better as anyone can instantly see and prove that the funds are actually allocated to the clients rather than just take the business's and auditor's word for it.

+1  totally agree, Otoh!!!!
26967  Economy / Speculation / Re: rpietila Calling the Bottom on: October 05, 2014, 12:16:30 AM

so rpietila was wrong ... so what  Roll Eyes


rpietila and other cultists/bulltards are very influential. Newbs see their posts and get the impression that we'll be above 10k soon, when in fact we won't. Thus the newbs make bad investment decisions. They lose a lot of money.

These forums are spammed with a lot of bulltard gibberish about 10k coins, "exponential trend lines", "support" and "to da moon". Perhaps it's time the cultists and bulltards are exposed.



Anyone taking advice from the internet needs to take such advice with a grain of salt, to do their own research and to weigh their own risks, timeline, finances, etc.

people talk bullish and they talk bearish, but there really is NO reason to generalize them into a group and label them as either bulltards or beartards.  That kind of name calling, labeling and categorizing does NOT meaningfully contribute to better understanding the substance of the various arguments that are being made by any of these posters.
26968  Economy / Speculation / Re: rpietila Calling the Bottom on: October 05, 2014, 12:11:34 AM
So what did you say the bottom was, rpietila? 340? 

Roll Eyes

We're still hovering around that range. You can take this as me just moving the goalposts for the sake of rpietila, but this stuff is not an exact science.

Risto apologist to the rescue!

He called bottom at ~$500 in August when this thread was created, and it was clear when it was originally posted that he believed we would trend back up from that price point. He was prompted to call it on August 15 because we had just experienced a large drop, but he determined that we had bottomed out. If you read his older posts, it's pretty clear that he thought we would be back over the ATH again at this point.

Sorry, but I'm not going to let anyone wishy wash their way out of their bold predictions. Anyone is free to make any prediction they want here, but you've got to face up to it when you're wrong.

Chuckee,

Even though you are a fucking troll, and rarely do you lend any value within any of your posts; however, here you seem to be largely correct. 

Risto made a prediction, and largely he was predicting upward BTC price direction from mid-August onward. and he should take responsibility for such, especially when he (Risto) makes such predictions with such arrogance.

On the other hand, Risto made a lot of valuable contributions including in his post describing the bitcoin price situation at the time of OP.

I suspect that if Risto toned down some of his arrogance within his posts and sometimes made concessions regarding his getting things wrong (or overstating matters), he would NOT cause himself to be such a target for being told that he is wrong... .which NONE of us should expect to really be able to foretell specifics regarding BTC prices.. except for just providing and estimating probabilities.
26969  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 04, 2014, 11:15:46 PM
Anybody in US, or any other country where it's easy to get weapons, is willing to sell me a powerful gun??
I will pay good, probably won't be needing it for a couple of months but I just want to make sure

Check any darknet market.  They accept btc.
You might want to consider shorting or selling instead of killing, however.



How does it work with shipping? I live in sweden so

And any suggestion for a site?

if you are serious then you are too invested, I suggest you sell everything because you clearly don't understand what "invest only what you can afford to lose" means.... it is time that you sell withdraw and shut off your PC and go do something better with your life.

when you start thinking about hurting someone or yourself, it is the point when you maybe need to talk with someone, maybe you need professional help.

I suspected that if I perused a sufficient quantity of your posts, mmitech, I would run across some piece of wisdom.... and yes, finally, a piece of wisdom from mmitech!!!    Shocked Shocked Shocked

I'm not joking.  +1 to this one of mmitech's posts.   Smiley
26970  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 04, 2014, 10:51:02 PM
Fucking sick
so are you still thinking about borrowing money ?

I'm thinking I have no fucking choice
so probably yes. If I would have waited 1 fucking minute last time when I was buying I would of come up on the top out of this but I got this stupid fucking luck whatever I do and wherever I go...

That's why you should NOT trade.    Roll Eyes Tongue Cry
26971  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 04, 2014, 10:45:55 PM
On the other side of things.. Why would whales (traders) leave BTC market? There is a huge amount of money to be made in BTC so why leave.
They aren't leaving, just selling now to buy more later.

Source? Other than your hopes, delusions and fantasies?
I thought this is a speculation thread. If you're looking for sources here you are definitely lost in the wrong section.

EvilPanda:  Your conclusion, here, is fucked up.  Speculation does NOT mean that you can say whatever the fuck you want.  Your speculation will be more credible the more that it is backed up by sources and or rationale and or explanation.
26972  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: October 04, 2014, 10:12:17 PM
The time is coming...

We are only 3-6 months away from the next massive spike... and it will exceed all of your wildest dreams.

baaa, it's almost touching the 200's now....depressing...where's the spike you promised?

Never trust the weathy elite Wink

Who the fuck knows for sure when there is going to be a "spike," and readers of these kinds posts should take the contents of such predictions with a grain of salt that a large majority of us are speculating regarding the specifics of the price direction, to the extent that we are able to formulate any theory, the theory is merely a reflection of what we believe to be probable or likely based on the information that we have, and NOBODY, not even whale manipulators know all of the factors.

Further, in order to be at least a little more fair to Chopstick, s/he /it made the prediction about a week ago.... HELLO!  and contained in the prediction is a time line prediction of 3-6 months, we are NOT even close to the range of s/he/its prediction.  So, I would NOT be accusing Chopstick as being misleading or incorrect in any regards.  Possibly, if 8 months pass and the "spike" has NOT yet occurred, you may be able to suggest that s/he / it was incorrect in the prediction, but that may merely be a timing question rather than a substantive criticism.   Roll Eyes   Tongue
26973  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: October 04, 2014, 10:07:00 PM
The time is coming...

We are only 3-6 months away from the next massive spike... and it will exceed all of your wildest dreams.

baaa, it's almost touching the 200's now....depressing...where's the spike you promised?

Never trust the weathy elite Wink

I hate the fact this post is originally directed at "gentlemen...".. I'm a girl, when is everyone going to accept there are girls on here?!!?!?!?
ladies and gentlemen would be a more appropiate greeting.

There are no girls on the internet. There are only men, men dressed as women and prostitutes.

Here is your average internet girl:




That is hillarious!!!   Cheesy Cheesy Cheesy And, even if there happens to be a girl or two on the internets, these one or two girls should also find this post to be funny... but how am I to get into the mind(s) of the fairer ones?
26974  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: October 04, 2014, 10:02:44 PM
The time is coming...

We are only 3-6 months away from the next massive spike... and it will exceed all of your wildest dreams.

baaa, it's almost touching the 200's now....depressing...where's the spike you promised?

Never trust the weathy elite Wink

I hate the fact this post is originally directed at "gentlemen...".. I'm a girl, when is everyone going to accept there are girls on here?!!?!?!?
ladies and gentlemen would be a more appropiate greeting.


There's girls on here?  Shit, I better change my way of expressing myself!!!   Cheesy Cheesy Cheesy
26975  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 04, 2014, 05:24:38 PM
And here is another point: If things are manipulated by a market "deity" (he/they managed for this long and this hard, he/they obviously have a near complete control), then why would you try and stem against it? Submit and get rewarded. Watch until the "manipulation" fades. Does it truly matter whether something is manipulation or "natural" for your trading or investment success?

You have a good point there that we have to still behave in such a way to account for the manipulation and attempt to do our best, in spite of manipulations that are ongoing. 

On a related note, I will take one exception to your above described situation.  you seem to be denigrating, again, the concept of manipulation by attempting to describe it as systematic - and that is likely NOT the case.  Manipulation likely occurs because it is allowed to occur, and there are even various competing forces within the manipulation world that strive for control and/or getting their way within their sphere(s) of influence.  In this regard, it is likely safer to consider manipulation occurring within and by various manipulative and competing spheres of influence rather than merely by one or a narrow set of cooperative manipulative forces.
26976  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 04, 2014, 05:17:54 PM
Because manipulation doesn't exist in this market. In his fantasy world.
And in your realistic world, some mysterious bear whale conspiracy has been pushing the price down from 1200 to 340-350 the past 10-11 months. Cheesy

Do you guys think gold/silver are manipulated as well? They have been going down hard for a while, too.

Central banks can incur losses.. Smiley
I just judge based on the evidence I have (for example, the decline of miner profit margins is a compelling theory, no? I could give you some graphs describing that). If we're going the tinfoil way, then we can obviously argue anything.

Think about this: Even if there was a manipulator, why is there no bullwhale manipulator (Winklevoss, Tim draper, think about it) strong enough to counteract?

On another note, exchanges take their trading commission in percentage points. So from that point, they actually have an interest to manipulate the prices upwards to generate more profit for themselves.

In incentives are NOT as great for various bullwhales to engage in such attempts at upward manipulation... surely, you are correct that they have incentives to manipulate BTC prices upwards, but they are NO way near as powerful as status quo financial institutions that are frequently backed to some extent (directly or indirectly) by governments.  These are NOT tinfoil hat theories, there are a lot of examples in history in which both financial institutions and governments engage in manipulative, corrupt, immoral and/or criminal behavior and the fact that some of them engage in such activities does NOT indicate that everyone involved in these institutions are bad or even that others know about such manipulations to be occurring in some kind of systematic way - b/c the system itself is going to outwardly project goodness and benevolence and there will be a variety of people within this system who are acting with good faith and good intentions without realizing about the dark forces that are allowed to exist simultaneously (that is NOT tinfoil hat, even though some people strive to denigrate such interpretations of the word as if they were tinfoil hat).
26977  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 04, 2014, 05:06:17 PM
So cheap coins are now or should I wait for even cheaper prices?

Why would these dumpers stop here? They will go on till Bitcoin is completely worthless.
I don't have a problem with cheap coins.

PS: The multi month downtrend isn't manipulated/manufactured, it's because there isn't enough buying to counteract the supply.

How do you know Blitz?
I can't prove it (how could you even rely on the phony exchange's data we have?), but it's my strong suspicion as someone who's seen it before in this asset. Bubble pops, money slowly leaves, miner profit margins (at record highs in winter due to the switch to ASIC tech) shrink compelling them to hoard less of the mined coins. It's natural bubble deflation.

No manipulator can control the prices over such long peridos without incurring losses. If you think that, then you basically ascribe him a deity status.

You guys are just looking for someone to blame. But it is nothing special.

The fact of the matter is that there remains a pretty strong incentive for some alleged manipulators to incur losses, and if you believe that all actors in the BTC trading game are motivated by profits (at least in the short-term), then you maintain a very naive outlook regarding BTC and its threat to mainstream status quo financial institutions (and maybe even some governmental institutions are going to perceive similar kinds of threats coming from BTC).
26978  Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;) on: October 04, 2014, 03:56:03 AM
I am curious about long term scenarios. We all know about 21 mil max bitcoins. However, if and when COIN or BIT will start trading, what would prevent Wall Street to multiply the number of supposedly strictly restricted number of units 10 or 100 fold? Nobody ever challenged GLD ETF to show that they actually own the amount of gold they supposed to have. Brokerages already using hypothecation for stocks, which together with other techniques in case of heavily shorted stocks is rumored to vastly increase the number of shares for some companies.

On the other hand, Bill Gates could sneeze in the morning and "accidentally" use one-one and a half day worth of his dividends and bitcoin will be above $1000  Smiley.

It's impossible. There is more GLD ETF then ever has been mined. GLD in its fine print says that they will settle accounts in cash if it comes to that. It is fraud sanctioned by the US government. It keeps the price artificially suppressed so their fiat lives on. There is no audit trail. It is kabuki theater. The only ETF that I know of that has audited gold with serial numbers is Sprott Physical Gold Trust (PHYS). Same thing with silver. SLV is a fraud. PSLV is legit.

If so, the same nonsense might be repeated with COIN.

It should be trivial to provide blockchain verifiable evidence of holdings in realtime. In fact I expect this before I send them a penny from my tax free stocks wrapper.

it should be trivial to document gold holdings as well. Perhaps you know this, but Joe public does not have the knowledge to check the blockchain to verify. Even for an expert, it would take a while, and they will say that it is proprietary info.

Well some exchanges reveal their holdings in a blockchain verifiable way. The same will i am sure be true of COIN. You think a major investor is going to send them millions of dollars and just accept that they have the coins without proof? Lol.

It is totally different from gold. This is a cryptographically verifiable non counterfeitable digital token - much cooler Smiley

Yes, they will show you btc, but how will you learn that they did not create multiple side entries where they hypothecated and rehypothicated the same bitcoin to others in lieu of some other instruments. It is being done in stocks ALL the time.
http://en.wikipedia.org/wiki/Hypothecation

Because bitcoin is one of the few entities to exist in the world ever that allows provably verifiable holdings to be checked (on the blockchain). If the ETF has units which are fractions of a btc then this means it is trivial to confirm the etf is holding the exact number of  coins they need to prevent a fractional reserve system. Could they try and sell more shares of the ETF than their verified holdings allow - yes. But they would probably be caught out.

I agree though that the gold ETFs were probably a fractional reserve, in cahoots with the bullion banks.


I am of the belief that so far, the BTC sphere has NOT established any reliable and/or well known mechanism for auditing bitcoin exchanges (and/or other holders of customer bitcoins), and surely, it would be nice to establish these kinds of auditing systems in order to match up every bitcoin with one that exists on the blockchain - because supposedly one of the central and valuable attributes of bitcoin remains its NON-duplicating scarcity.   

If bitcoin loses its non-duplicating scarcity or exchanges (and/or other holders of customer bitcoins) are able to engage in fractional reserve banking, then the value of bitcoin (and its scarcity) is going to be considerably undermined... and BTC prices will go into the toilet... and/or remained at extensively deflated levels.

Sometimes I have suspected that some of the current exchanges (and maybe even the chinese exchanges) are already engaging in a form of fractional reserve banking with bitcoins - because I wonder from where are all the bitcoins are coming that are being sold and dumped on the exchanges.. though it is possible that the exchanges need NOT be engaging in fractional reserve banking in order for BTC prices to be manipulated downward so long as they have systems in which they can acquire large quantities of coins OTC and then transfer them to exchanges for dumping (buy in secret and sell publicly, which downwardly manipulates prices) which seems to be the current status of BTC's prices to be manipulated downward on exchange dumps.
26979  Other / Meta / Re: Moderator Blitz is suspected of being (paid or fooled) by permabulls & scammers on: October 04, 2014, 03:33:01 AM
Not really worth responding to, but blitzbad, what a hilarious nick.

Most likely blitz is well underwater on his investment, and doesn't want to face reality. That is why he keeps banning bears, despite the fact that they're always correct.
Cheesy Cheesy Cheesy The funny thing about this thread is I've been bearish for months on Bitcoin. Bulls have actually been arguing the exact opposite before, that I'm not harsh enough on "FUDsters" as I don't moderate anyone for merely expressing their views. If both sides accuse you, then you know you've managed to not let your bias affect your moderating, so thanks for the feedback.

Blitz has erased many of my posts, simply for stating a bearish sentiment. I know for a fact that many accounts here have been banned as well for warning of a continuing downtrend.

I'd agree with "spam" being deleted, but you can't just ban users and erase comments for portraying a market sentiment that you don't agree with.

I actually don't recall having deleted "many" of your posts, or any posts at all actually (could be that it was very rarely/isolated). Are you sure that was me?

PS: fallling, maybe we could rehabilitate/unban your main account if you promise not to spam anymore in the future (creating too many similar topics and posts, and bumping all your topics at once).

PPS: I have been warning since 11th December at ~900!
https://bitcointalk.org/index.php?topic=366991.msg3919812#msg3919812
https://bitcointalk.org/index.php?topic=178336.msg4516024#msg4516024
https://bitcointalk.org/index.php?topic=418440.msg4550773#msg4550773
https://bitcointalk.org/index.php?topic=400235.msg4832260#msg4832260

 Cheesy Cheesy Cheesy


I did NOT know that moderators negotiated with terrorists??     Cheesy Cheesy Cheesy
26980  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: October 04, 2014, 01:06:34 AM
why creator of the post is now anonymous?



If you read the thread, you will see that it was posted by Atlas.. who was subsequently banned.. and apparently a notorious poster.
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