The most secure currency ever, that even the largest and most powerful exchange can't seem to keep protected. If any of you still think mainstream, "regular" people would ever want to put their money into bitcoin, you must seriously have brain damage.
Which biggest and most powerful exchange? This one, the last one or the next one? |
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Matthew 21:12
And Jesus entered the temple and drove out all who sold and bought in the temple, and he overturned the tables of the money-changers and the seats of those who sold pigeons.
I see what you did there.  |
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We left the camp after we had inoculated the children for polio, and this old man came running after us and he was crying. He couldn't see. We went back there, and they had come and hacked off every inoculated arm. There they were in a pile. A pile of little arms. And I remember... I... I... I cried, I wept like some grandmother. I wanted to tear my teeth out; I didn't know what I wanted to do! And I want to remember it. I never want to forget it... I never want to forget. And then I realized... like I was shot... like I was shot with a diamond... a diamond bullet right through my forehead. And I thought, my God... the genius of that! The genius! The will to do that! Perfect, genuine, complete, crystalline, pure. And then I realized they were stronger than we, because they could stand that these were not monsters, these were men... trained cadres. These men who fought with their hearts, who had families, who had children, who were filled with love... but they had the strength... the strength... to do that. If I had ten divisions of those men, our troubles here would be over very quickly. You have to have men who are moral... and at the same time who are able to utilize their primordial instincts to kill without feeling... without passion... without judgment... without judgment! Because it's judgment that defeats us.
Hah. I was looking for a good picture from that to post yesterday. |
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What's the most bullish thing imaginable? I would like some brainstorming please.
The US government announces plans to buy 25 million bitcoins over the next 3 months. It sounds like they should read the white paper first :/ TL;DR |
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What's the most bullish thing imaginable? I would like some brainstorming please.
Greece. Not wishing for it though. |
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Welcome back to the 100's folks
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Prediction: Lost of mining equipment being sold off cheap, some of which will be purchased by bitcoin enthusiasts who will hold rather than sell.
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Hello capitulation. It all happened so fast!
It's the mining bubble collapse. I wouldn't even be surprised if the mining equipment people were involved in keeping the price high. The margins on their equipment were largely based on "Make huge $$$". Consider also that many took payments in BTC which means likely many BTC saved towards buying new equipment have suddenly seen those plans cancelled and dumped. Unfortunately there's a few positive feedback loops in mining. Plus let's not forget 19,000 bitcoins sitting out there waiting to be sold. Thanks Bitstamp. |
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ChartBuddy, now that you're full grown & a hero member, time for you to earn your keep with some sleazy sig campaign.
I have had a query about that. I haven't had chance to look into the company though so I won't comment about how salubrious they are. I also considered soliciting some sponsorship back when I was paying for the hosting but now it's all offloaded onto imgur, it's not such an issue anyway. (And as it turned out, a good portion of my costs were for storing the stupid log files generated) |
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So artificial scarcity isn't even Bitcoin's own idea? Stolen from Beanies? That's just so wrong!  Nah, stolen from the music industry and DeBeers |
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This is like $1000 but in complete opposite.  In a sense it is. Everything indicates that the Nov/2013 bubble was the opening of the Mainland Chinese market, specifically the Chinese amateur and semi-professional commodity day-traders, through Huobi, OKCoin and other little-known Chinese exchanges. I believe that what we have seen through 2014 and now is those Chinese traders are gradually getting disappointed with bitcoin and dumping the coins that they bought during that rally, which then come back to the "West" through arbitragers. My guess is that those coins included the ~700 kBTC that went missing from MtGOX, and an unknown amount from other sources. Perhaps 1 or 2 million BTC in total. Normally I would expect an exponential decay than slows down with time, as in the Feb/2013 and Apr/2011 bubbles. However, in the last couple of months the decay seems to be linear, or even faster than linear. Perhaps the Chinese speculators are moving their money to the Chinese stock market, which has been booming in recent months. Seems about right. |
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Wait. I thought Bitcoin never went below the previous bubbles high....
Never say never with Bitcoin. |
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Yeah. Would say that many are mining with loss by now. They simply mine and hold hopping the price will go back up.
That would be silly. It would be better to switch off their equipment and buy bitcoin at that point (and arguably better just to switch off their equipment) Not if you bought your equipment which is a sunk cost. At which point you already down on your investment and just keep running as long as cost of electricity < mined BTC. Nope, your equipment is a sunk cost. That money is gone whatever happens. Now, as suggested, there may be some ongoing costs that cannot be halted immediately (rent, staffing etc) but what you can quickly turn off costs more than a bitcoin, it's time to stop (though again, there will be inertia. Small dips are ignorable.) |
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Yeah. Would say that many are mining with loss by now. They simply mine and hold hopping the price will go back up.
That would be silly. It would be better to switch off their equipment and buy bitcoin at that point (and arguably better just to switch off their equipment) If you rent space to run the equipment or pay for a hosting service, that might not be a good option. Sure, there is an inertia to it. |
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Why all the conspiracy theories...is it possible that there are simply more sellers than there are buyers?
What does this even mean? It's a nonsense phrase and people need to stop using it. |
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I think what this thread needs is a maybe 20 or 30 more trolls and their sock puppet accounts.....
I do think it would be interesting if Blitz would have a word with theymos and put up a list of usernames posting from the same IP address. |
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what will happen tommorrow ? 
