Every time I see this, I LOL..... |
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Now that bitcoin is dead what the fuck am I going to do all day?
lol you could tell stories about the good old days of bitcoin. Like you used to buy 5 bitcoins with a nickel.  You sneaky dog.  |
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Now that bitcoin is dead what the fuck am I going to do all day?
Sadly, go back to what you did before Bitcoin.... in my case it would be really hard now that I've learned many things about this shitty economy, it will be so hard for me dealing with the fact that I will not be paid what I deserve when making a shitload of money for someone else.... it is hard these days to get paid a salary you deserve, except if you run a business your self. Edit: and Bitcoin is not dead and I don't think it will be dead anytime soon, it is just about to start doing what is suppose to do. I should NOT hate the fact that you finally made a smart post. Maybe it means you are considering getting back in, soon... I will refrain from calling you names... ... for the moment..  |
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I think this will be the last couple of days that 400 holds, I think we will be visiting 300-360 soon enough.
Didn't you know that we are NEVER gonna see $410 EVER again? CUT YOUR LOOSE!!!!!! |
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now i want bitcoin to drop....
350 you say?
EVERYTHING IS AWESOME!!!
Remember what I mentioned earlier about opposite? hehehehehe The TIME has come boys, bots and girl (bitchick).......... BTC is on its way to da moon. NEW ATH.... .here we come!!!! |
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bring in ...monkey for a ... reading
Monkey is almost satisfied on the weekly chart. I'll ask him again in the morning when the new weekly begins, if he thinks the turn is this week or next (the only serious choices he leaves open at this point). I think his weekly opinions are more reliable during mid-week however. Well, let's wait until mid-week then, and then we will do the opposite of whatever monkey says.. but don't tell monkey, because then s/he will start employing reverse psychology, and that would be BBBBAAAAAAADDDDD to have a monkey engaged in such tactics. |
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Has the market gotten so bad the people are seriously cheering a move from $399 to $401 now? Right now anything above $400 is just as fake as $399.99.
Wake me up when we are back at $680 $510, then I'll believe some Average Joe's are actually buying again.
if you didn't like the recent action, and find it encouraging for bulls anyway, you don't understand what you're watching. There's nothing in this current market that is encouraging for bulls, not that I can see. If we had a sharp bounce like we did back in May, that would be another story. So what am I missing here? Or are you just talking smack? With comments like these you're starting to sound like another "Teflon Man", Adam. We each are probably going to have our own readings on this.. just like my little doggie and Aminorex's monkey... but ultimately, we can find some relief in the fact that prices are kind of holding in this $400 territory.. and that could signify bullish - even though some people are going to read the same behavior as bearish... None of us really know, so sometimes, we still like to exaggerate our own self-righteousness in the process... which may just be playing around.. to some degree. Just like currently, even though prices are below $400, I am a little afraid to predict NEVER again $400.. and then a couple of weeks ago, when prices went below $500, I had asserted that we would be back above $500 in a half an hour... and we have NOT been above $500 ever since... so what the fuck? I think that a lot of us realize that one pretty good sized whale could cause an upward cascade.. that could bring prices into a $100 or even a $500 bounce upward.. but we have NOT been seeing any of that kind of action for several months... and there may be sort of a concerted acceptance from several big whales to realize that the time has NOT yet come for any kind of meaningful upward momentum. I doubt that means that BTC is dead.. and maybe there could be some irreversible damage from sustained lower prices, but I even have my doubts about that because there are probably a few whales that already know that they can accumulate and even on their own bring prices into very profitable territory and even know that getting into these kinds of profitable territory is going to raise a lot of news and maybe even cause a certain public piling on that they would like to defer for a little longer (could be a week, could be a month could be a year... fuck!!!!!!) |
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So why aren't they presently taking those actions?
It is probably not allowed to them. There are things you cannot do if you are poor. Then there are things you cannot do if you are a billionaire. Both groups intuitively know them. The things are very different. let's focus on millionaires then, as they seem to be more conducive to bitcoin appeal  . Personally, I also believe that millionaires are a lot more interesting than billionaires because 1) there are a lot more of them, 2) in the aggregate they can make a considerable impact on the BTC market, 3) they are more likely (in the Rpietila line of thinking) to be willing to take a position in BTC, and 4) there may be some other reasons that they are an interesting group.. eg they may not be so stuffy and are more connected with world activities, which relates back to point 3. |
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Week could be closing at $400.00 (stamp).
It seems that my prediction from 90 minutes ago about "NEVER again $400 was wrong?" Bitcoin may NOT be dead, hm? I may have to reconsider and talk to lil doggie (she's engaged in self-grooming at the moment, so I don't want to bother her), or attempt to bring in Aminorex's monkey for a more reliable reading on future BTC price situation? |
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taking back 400 tonight would be very encouraging
We are NEVER gonna see $400 again, EVER. CUT YOUR LOOSE!!!!!!!!! |
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Lol, listen to yourself. Roadstress tries to discredit me by saying I sound like some d00d he doesn't like, and you complain about MY mudslinging and MY ill-reasoned arguments?  I know but why does it matter if Roadstress believes that you sound like someone else or that you have similar arguments and/or style as someone else.. ? So what? Why is there a need to get into a self reflective mode.. and instead wouldn't it be possible to stick to the various topics at hand.. Of course, you can respond however you like, but I stand by my comment about your seeming glory in striving to side-track by exploring in detail some only minorly relevant point... Anyhow, just seems to me to be the life of a troll-like.. with moments of humor.. some of your cartoons are cute... Just for me to attempt to stay somewhat on point with a moment of reflection on Rptiela's calling the bottom. I do understand some aggravation that people may have with his sometimes seeming self-absorption and seemingly wanting to be right and calling BTC price directions in terms of black and white math... I understand that can be aggravating, but ultimately, we do NOT need to believe all the details of his predictions or to get caught up in his sometimes flamboyance in order to still find some value in his analysis .. and maybe even to conclude that he is wrong in various ways. |
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...
I know that you are not scammer Josh Zerlan from BFL, but you sound very much like him...
Your point? The local tinfoilhatters have insisted I'm every bogeyman under the sun, from Mircea Popescu to Eduardo De Castro. Don't be so self-important -because it really does NOT matter too much who you are... generally, your points are NOT very well substantiated, and you spend quite a bit of time mud-slinging and attempting to distract us from the main topic(s) by your various side tangents and technical irrelevancies |
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Nice to see that the fundamentals are upheld. I have devoted a little too much time to Monero lately. It is small, and it is easier to make your voice heard even in a global scale. Perhaps you could propose me what I could do for Bitcoin, I have been feeling unemployed. Even my castle is far away for visitors who are suddenly poor because of bitcoin's price falling... Luckily this week we have a conference!  For one, if you are NOT mostly all in BTC, and you have extra fiat, it would be good to send some to the exchanges to push up the price... but maybe you consider that you are NOT a big enough fiat whale for that kind of pushing? I am NOT sure what can be done in mere propaganda terms (rather than actually physically investing). It seems that we need either vehicles in which people feel comfortable to send fiat to exchanges in order to make btc transactions on exchanges or if some people are losing trust in the current exchanges to establish exchanges in which they will have greater confidence to be able to invest large amounts of fiat on a whim... IT seems that Circle and COIN could bring this. In this same line of thought, there was some sense that second market and GABI were going to bring some of ability to bring cash into the system to cause prices to go up, but those kinds of large fiat injections have NOT seemed to materialize to date in order to cause upward trajectories in the price... I mean if we could get into the $60 to 100 billion market cap range, then there will likely be considerable possibiliities for larger transactions (and greater BTC utility). |
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I think that the main force preventing the widespread adoption of bitcoin is that elites don't have much inducement to use bitcoin.
The majority of bitcoins ever existing were already mined and are in possession of early adopters (mostly) and I don't see how current paper billionaires can redistribute btc toward themselves.
Current billionaires are unable to accumulate any decent % of their wealth (6.5 trillion) in bitcoin. Just 1% of 6.5 trillion is 65 billion, which is more than ten times BTC market cap.
Billionaires might be tempted if major currencies would be failing, but all major currencies are quite stable with benign inflation in most parts of the industrialized world.
This (transition from fiat to crypto) might take longer than I envisioned last year, maybe 50-100 years.
To maintain their wealth should bitcoin supersede fiat, your hypothetical billionaire would only need to acquire the same % of the bitcoin money supply that he presently controls of the fiat money supply. Let's consider only the USD. US M2 is approximately $11.5 trillion, and let's assume billionaire Bob has exactly $1,000,000,000 in USD (we ignore his other assets [companies, real estate, etc] as these aren't directly affected by a transition to bitcoin). He thus controls $1x10^9 / $11.5x10^12 = 0.0087% of the USD money supply. To control the same % of bitcoins (at full issuance), he needs: 0.000087 x 21,000,000 = 1826 BTC At $400 / BTC, that would require an investment of just under 3/4 of a million dollars--less than 0.1% of his total USD holdings. One could purchase this amount of bitcoins very easily without significantly moving the price. So that's the amount he needs in order to "hedge." But our hypothetical billionaire is a billionaire for a reason. If he believes that his other fellow billionaires will hedge in a similar way, he can see that while his action may not cause much price slippage, the action of everyone hedging like this will cause slippage--a lot of slippage. So now he has an inducement to actually purchase a speculative position on top of his "hedging" position--and to make those purchases sooner rather than later. And if he does this, he actually gains in a potentially big way should bitcoin adoption continue. That is really great and makes a lot of sense - however, even though there seems to be a lot of very wealthy people out there, it does NOT appear that too many of them are yet taking the hedging (and or speculation) actions that you are describing to be reasonably within their financial interest. |
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i'd like to remind everyone that if you buy bitcoin and it goes down on you, you can and should delaire capital loss. today is a good day to buy.  You can only declare capital loss if you sold it. If you sold it then it means you were scared about the price loss from when you bought it. Assuming you sold it and it went down more, one could say they saved money by buying back in at a lower price. You said it first... |
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i'd like to remind everyone that if you buy bitcoin and it goes down on you, you can and should delaire capital loss. today is a good day to buy. You can only declare capital loss if you actually sell.. which in my thinking would NOT be a smart thing to do (to lock in losses), especially when we can anticipate with pretty decent levels of confidence that if you wait sufficient amount of time that loss on paper is going to evolve into a gain NO MATTER at what price you bought at in the past... so long as you wait it out.. it may take a year.. but whatever.. Personally, I would rather have a gain than a loss.. , even if I have to pay taxes on the gain. |
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Wish we had an etf to invest in already. Then i could buy through my trading account and keep it in my tax free wrapper. Grr. Can you withdraw and create a self-directed IRA with the tax deferred portion? |
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I am thinking i might liquidate some of my share portfolio and buy another 100 coins or so at this price or lower. I am a long term bull and tend to ignore the short term technicals. Unless 'bitcoin is finished' then any price around here or lower is a great entry. I originally bought in march april 2013 and have added on dips this year. Someone talk me out of it!
You know I have been having the same kinds of thoughts and I am NOT sure about whether to act now or to wait until 2015.. a new tax year (for tax purposes).... .. fuck.. tough to decide.. and easily I could add an additional 100 or 200 BTC at these prices... |
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Newbie1022 calling it right again
I don't understand how he can be a losing player, he's so neutral in his posts too
NOT sure if serious Why not? because Newbie1022 is bearish, after we are down like 30% in 30 days NOT sure if serious |
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