Hmmm I feel SMELL Ch00-Ch00 coming...  Much profit. Such curve.  |
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ok who lit up a choochoo?
I sold a little. This always happens after. never sodl! Unfortunately can't pay credit card bills with bitcoins yet  I feel your pain. We have a pretty big payment due in a couple weeks thanks to Christmas gifts and various other things. Sigh. It looks like we will have to part with a coin. Why is that so hard to do!?  It is the unique psychology of saving, being able to save in a money that is expected to hold or increase in value, something the likes of which we haven't seen for at least a generation due to fiat monetary madness. Has anyone noticed the tendency or even urge of small children (starting at a pretty early age) to collect things, put them in a box or just a place and then defend that property by all means necessary? I think this "psychology of saving" is rooted pretty deeply in humans (maybe other living things, also). I don't know what you mean...  |
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Found an interesting graph of the Nov/Dec double top:  Waiting to see where things go next.. Holy Cow!!! (yes cow too... sheep... animals in general...)  |
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@molecular: When I write I'm good; when I'm trolling I'm better |
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is everyone is high on drugs!?
Life is short but drugs makes it go by faster! Who needs drugs? We have bitcoin! |
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the bearishness can you feel it?  I can feel it, yes. I almost sold in panic at the recent bottom. Might be a sign the bottom is in, but the panic was still manageable, so maybe we have some ways to go yet.  ??!??!??!??lol maybe I should clarify: When I say "I sell", I really mean: sell my trading stash (or part thereof), which is about 5% of my coins. So I never sell more than 5%. EDIT: although I've been trying to change that as per rpietilas divestment strategy... but it's hard. Jesus Christ; you really got me there for a sec... BTW: you may have missed this: Aside from the trollbox this thread is, it gives me great pleasure reading the comments of (generally) VERY smart people. Sanity is what one should have when he/she deals wirh btc. Sanity to keep his/her nerve when everybody is selling and/or buying. There always was and there always will be reasons for people to buy or sell bitcoins.
Remember only this:
You're here either by investigating or by early information. In both cases you're here by CHOICE; and a rather bold one.
Chances are most of the people in this thread won't be here after a couple of years. I present here some reasons about it:
1. Every person has a price in life. There's a certain figure that you would give up your coins for a totally different way of living. Don't get me wrong; this is normal. It's done when we reached $266. It's done when we reached $1242. It will happen again on the next ATH. You might be among the ones that got the decision.
2. The BTC is regulated heavily (see China but imagine x1000) and people are forcibly moving out of the boat while it's sinking. This is unlikely but there's a possibility (as big as a HUGE meteor hits earth in the next 24hrs and vanishing everyone among us from its surface).
3. Due to extreme FUD you're forced to get out. This is the most unfortunate scenario and you REALLY don't want to be in this position within the next months.
There will be fire ladies and gents. In the next few months bitcoin will be HUGE! Imagine exponential stuff. The news is out there but we just didn't see them in front of our eyes yet. I know you may have cold feet now but you will be in the warm side of the fireplace when it gets hotter.
PS:
Don't forget to HODL!!!!1
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the bearishness can you feel it? I can feel it, yes. I almost sold in panic at the recent bottom. Might be a sign the bottom is in, but the panic was still manageable, so maybe we have some ways to go yet. |
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“In May 2013, through an interagency taskforce led by ICE in Baltimore, Maryland, three U.S. bank accounts associated with what was then the world’s largest bitcoin exchanger, Japan-based Mt.Gox, which was moving approximately $60 million per month into a number of Internet-based hidden black markets operating on the Tor network, including Silk Road, were seized for violations of 18 U.S.C. § 1960, operating a money service business in the United States without a license. The bulk of the funds were associated with the illicit purchase of drugs, firearms, and child pornography.”
A good friend of mine has a theory of how we use "negative entropy" sources to help us more easily get things done. An example of a "negative entropy" source are words that create a strong emotional response, like those shown in bold above. His theory is that we will use these words (neg-entropy) to dump entropy into until we've extracted all of the useful work from the source. At this point, these words actually begin to have the opposite effect on the public as they once did. I think we are at that point already. Whenever I hear "terrorist," "drugs," "money laundering," or "child porn" my instant emotional response is against the person who is trying to use these words to advance their agenda. +1 This is absolutely accurate. |
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3. Dec 2013
| #People | #Bitcoins | #TotalBitcoins | | 47 | BTC10k+ | 3.5M | | 880 | BTC1k-10k | 2.6M | | 10k | BTC100-1k | 3.0M | | 63k | BTC10-100 | 1.8M | | 210k | BTC1-10 | 0.6M | | 350k | BTC0.1-1 | 0.1M | | 350k | BTC0.01-0.1 | 0.0M | | 210k | BTC0.001-0.01 | 0.0M |
Total: 11.6M bitcoins (0.5M bitcoins assumed lost) 1,200,000 people own bitcoins that are valued at more than $1 ( BTC0.001 or more) 280,000 people own bitcoins that are valued at more than $1,000 ( BTC1 or more), up from 120,000 last month 930 people own bitcoin that are valued at more than $1 million ( BTC1,000 or more) 1 person owns bitcoins that are valued at more than $1 billion (Satoshi, estimated to be BTC980,000) What would you do if you were one of the founding fathers of Bitcoin, and you target on 3 main goals; 1. implement a brand new revolutionary digital currency, 2. compete (and maybe defeat) the current conventional currencies, 3 (why not?) get rich yourself. In the very early stage, when mining was cheap, mine as much as possible. Then use a required amount for speculation as to increase hardware requirements for system's integrity. In time the creation rate of new coins shall diminish (2017 ca. 4%) and the price for Bitcoin will stabilize. Then and only then it will be time to 'go full swing'. +1 Might be a bit sooner though. Every person has his/her price; don't you forget that.  |
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lets go stamp, start your engine.
Certainly needs a shift...  |
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That's what I've been reading and said we're going for ch00 ch00. |
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this is something that you can speculate on I've accepted an invitation to do a question and answer session at the Council on Foreign Relations (CFR) in Washington, DC on Thursday, February 6, 2014. I've been told anything related to the Council on Foreign Relations tickle's peoples Grand Conspiracy buttons, so I thought it would be best to be open about exactly what will happen. I hope it doesn't spark as long a thread as my visit to the CIA, but Bitcoin is a lot bigger than when I visited the CIA... Anyway, here's the invitation I received: On behalf of the Council on Foreign Relations (CFR), I write to invite you to speak to our Washington-based members as part of our Voices of the Next Generation series. This program seeks to bring together our members with fresh, young voices in the nation’s foreign policy discourse. Given your work with BitCoin, you would be an important addition to the series. In the past, the Voices of the Next Generation series has featured Esther Duflo, Abdul Latif Jameel professor of poverty alleviation and development economics, Massachusetts Institute of Technology, Ayman Mohyeldin, Middle East correspondent, Al-Jazeera English, and Jennifer Pahlka, founder and executive director, Code for America. CFR is a nonpartisan national membership organization and think tank, as well as the publisher of Foreign Affairs. Among our members are many past and present U.S. presidents, secretaries of state, defense, and treasury, as well as other senior U.S. government officials, renowned scholars, and major leaders of American business, media, and nongovernmental groups. The format of the event will be a 90-minute question&answer session, moderated by somebody yet-to-be-determined. It will be "on the record," meaning press could be invited to attend and recordings and/or transcripts may be posted on CFR's website. The audience will be CFR members and invited guests (and maybe press); it is not open to the public. I am not getting paid by the CFR. I speculate CCMF like my colleague macsga - always have, always will +1 |
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Aside from the trollbox this thread is, it gives me great pleasure reading the comments of (generally) VERY smart people. Sanity is what one should have when he/she deals wirh btc. Sanity to keep his/her nerve when everybody is selling and/or buying. There always was and there always will be reasons for people to buy or sell bitcoins.
Remember only this:
You're here either by investigating or by early information. In both cases you're here by CHOICE; and a rather bold one.
Chances are most of the people in this thread won't be here after a couple of years. I present here some reasons about it:
1. Every person has a price in life. There's a certain figure that you would give up your coins for a totally different way of living. Don't get me wrong; this is normal. It's done when we reached $266. It's done when we reached $1242. It will happen again on the next ATH. You might be among the ones that got the decision.
2. The BTC is regulated heavily (see China but imagine x1000) and people are forcibly moving out of the boat while it's sinking. This is unlikely but there's a possibility (as big as a HUGE meteor hits earth in the next 24hrs and vanishing everyone among us from its surface).
3. Due to extreme FUD you're forced to get out. This is the most unfortunate scenario and you REALLY don't want to be in this position within the next months.
There will be fire ladies and gents. In the next few months bitcoin will be HUGE! Imagine exponential stuff. The news is out there but we just didn't see them in front of our eyes yet. I know you may have cold feet now but you will be in the warm side of the fireplace when it gets hotter.
PS:
Don't forget to HODL!!!!1
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btw so cool that Sir Branson is among us You don't think it's so cool after I dump some coins Is this Richard Branson for real? You never know who's behind a keyboard these days... |
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btw so cool that Sir Branson is among us If we see $10K/ BTC sometime soon, I'll book a seat to the stars next to Goat... Does sitting next to Goat get you a discount? I'd hope so; but no. I wouldn't be needing one anyway at those btc prices... |
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btw so cool that Sir Branson is among us If we see $10K/ BTC sometime soon, I'll book a seat to the stars next to Goat... |
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Get ready for choo choo... man, i wish i had some fiat ready to buy coins. 800 prices are soon over for good. wait you mean cuz were goin to the 700s right? that must be what you mean.  You wish... Buy and...HODL!!!!!!!!!!1 |
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Get ready for choo choo... |
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I am so fucking pissed at this bitch right now. She could as well ask for banning all fiat money because dealers on the streets use it... Some people are insanely idiots.  |
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