I feel like Cartman in that episode where he freezes himself in order to not have to wait for a new games console to come out.
Freeze me! And thaw me when we're at 2k+! Watching this farting about at 600 is boooooooring.
I'd rather go back 4-5 years in time... Although some cryo wouldn't be bad either  Both ideas are MAJOR fantasies. Let's SNAP OUT OF IT!!!!!!!!! |
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What is a 'weak hand'? Why is this type of penny stock terminology used in bitcoin? Does this imply that bitcoin is some type of investment scheme to hold rather than a currency to use?
It's a poker term long before "penny stocks." It means you lack confidence in you ability to play. So it's a profit making game and not the future of money? Is money not about profit? Bitcoin is supposed to be about creating a decentralized network to change the way the world does finance and payments - not about getting all the bitcoin participants to be rich off of the successive waves of bitcoin participants because the unit value rose and having a contest about who made the most profits. I invested to make money and to be able to reach some goals ( the volatility makes it easier than working hard to earn that money  )... I literally don't give a fuck about the technology behind it, it is a cool innovation and all but I don't think it is a reason for to risk my life savings and be a "strong hand" when I could collect profits and not be a greedy bastard.... most of the time people here will attack you when you tell them that you are trading to make a profit or when you tell them you cashed out some of your holdings.... I attacked you because you said you went full LTC which is foolish, LTC is tanking and doomed to fail. If you are considering so, you'd better go full fiat. I have no problem with people who don't see the big picture selling their stash of bitcoins. Enjoy your life. I want to remind most of you here that it is not your fucking problem what I do with my money or what I think about any investment...it is still my point of view and I don't want to hear that I am being "foolish"... period. Don't advise people to sell their bitcoins to litecoins and i will stop saying it is foolish. Meanwhile BTC recovered and LTC is approaching 0.016. Remember what i told you : south 0.01 by the end of the year. Fiat will tank even more than LTC against BTC, but at least it makes sense to go full fiat for a risk adverse person. Don't advise here if you don't want comments on your advices. I didn't advice anyone about anything and I don't even advice my best friends about any investment, you are just being buthurt because I am trading against your wish .... idiotic. This is part of mmitech's problem; he seems to NOT understand the various implications or impacts about his own communications.. and possibly he believes that his posting in these threads is like creating his own personal diary and has NO impact upon the world. Then, he goes on the OFFENSIVE, when he has failed to communicate, and he accuses others of interfering with his vibe, to the extent that he has any vibe. OH.... MY!!!!!!! |
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What is a 'weak hand'? Why is this type of penny stock terminology used in bitcoin? Does this imply that bitcoin is some type of investment scheme to hold rather than a currency to use?
It's a poker term long before "penny stocks." It means you lack confidence in you ability to play. So it's a profit making game and not the future of money? Is money not about profit? Bitcoin is supposed to be about creating a decentralized network to change the way the world does finance and payments - not about getting all the bitcoin participants to be rich off of the successive waves of bitcoin participants because the unit value rose and having a contest about who made the most profits. I invested to make money and to be able to reach some goals ( the volatility makes it easier than working hard to earn that money )... I literally don't give a fuck about the technology behind it, it is a cool innovation and all but I don't think it is a reason for to risk my life savings and be a "strong hand" when I could collect profits and not be a greedy bastard.... most of the time people here will attack you when you tell them that you are trading to make a profit or when you tell them you cashed out some of your holdings.... I attacked you because you said you went full LTC which is foolish, LTC is tanking and doomed to fail. If you are considering so, you'd better go full fiat. I have no problem with people who don't see the big picture selling their stash of bitcoins. Enjoy your life. YES>>>>> Mmitech seems to post about his engaging in several trading activities that are quite foolish, or at least, I have NOTICED that he has a tendency to NOT provided a very clear rationale(s) as to why such a course of action would be applicable to many other investors besides himself or possibly one or two others who wants to gamble in eccentric ways. Probably the whole behavior or practice would NOT even matter to me, if he did NOT tend to become so self-righteous about what he is describing to be his plan and seem to suggest that since he is doing X, then everyone else should do X... and then he denies that he is making such recommendations... |
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Objectively, what are our chances of going lower? I can throw in some fiat and buy some coins, but this is probably the last time I will be buying for 6 months or a year. Ignoring the trolls, is there a legitimate chance of hitting $500?
DO NOT take any advice from anybody here! Don't ever ask other people here what to do with your money! I know you see all these lines and charts and mainly bears who act like they know it all but i can guarantee you that not a single person here knows where Bitcoin will go. Every bear here will tell you we 100% sure will see 500 again. That's because they're sad little creatures who do nothing but lie and manipulate because they want the price to go down. The bulls obviously want the price to go up but will be a bit more modest and say we likely won't see 500 again. Either way any info you'll get is coloured and worthless. The fact that you want to invest in Bitcoin means you believe it will be worth more in the future. If you do then you should buy. 500 or 560 is meaningless in the long run if this thing takes off. If you don't think it will take off then don't. Waiting is kinda pointless because again nobody knows what it will do. Yes, don't listen to that advice... Listen to all advice given here, it's is 100% factual and we can all predict the future!
NOT.... hehehehehehe!   Exactamente!!!!!! I got a very big kick out of that video. |
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Misleading to the point of libel. I don't think Roger Ver is responsible for the nation-state of St. Kitts & Nevis, or their tax and immigration policies. He launched a web site. OK, sorry, apologies for the heresy.  Frequently, I get this sense that you, Jorge, are NOT really sorry for making a multitude of misleading posts b/c there seems to be a pattern of behavior in which you are frequently engaging in such misrepresentations and slants of information to such extreme levels. |
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I think this is a nice moment to thank ChartBuddy and his chum Richy once again for all of their good work. Hehehehe.... That is an interesting way of Phrasing the situation. It is like giving automony to chartbuddy, like people like to do... Possibly, I would have said something like, "Richy and his side-kick, ChartBuddy." Though maybe my chosen phraseology would have given too little credit to ChartBuddy? In any case, thank you to both, whether bots, or NOT. How do I know you're not a bot? I'm NOT really sure how to verify this kind of question or if it really matters, until possibly if we were to attempt to engage in some kind of communication in which the distinction matters. Sometimes posters get offended by being accused of being a bot; however, many times the distinction may be irrelevant, unless their is some misrepresention(s) taking place. For example, if a poster states that s/he / it had experience X in the 1990s and experience Y in 2003, and experience Z in 2007; however, such bot was only created and programmed in 2011, then NO such experience would have been had prior to 2011 (and thus various misrepresentations have taken place). |
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What is a 'weak hand'? Why is this type of penny stock terminology used in bitcoin? Does this imply that bitcoin is some type of investment scheme to hold rather than a currency to use?
It's a poker term long before "penny stocks." It means you lack confidence in you ability to play. So it's a profit making game and not the future of money? Is money not about profit? Bitcoin is supposed to be about creating a decentralized network to change the way the world does finance and payments - not about getting all the bitcoin participants to be rich off of the successive waves of bitcoin participants because the unit value rose and having a contest about who made the most profits. I invested to make money and to be able to reach some goals ( the volatility makes it easier than working hard to earn that money )... I literally don't give a fuck about the technology behind it, it is a cool innovation and all but I don't think it is a reason for to risk my life savings and be a "strong hand" when I could collect profits and not be a greedy bastard.... most of the time people here will attack you when you tell them that you are trading to make a profit or when you tell them you cashed out some of your holdings.... That is NOT why you were attacked. You were attacked b/c you failed to articulate any plan that made sense to anyone beyond yourself.. and even then, NOT clear if it made sense. |
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I think this is a nice moment to thank ChartBuddy and his chum Richy once again for all of their good work. Hehehehe.... That is an interesting way of Phrasing the situation. It is like giving automony to chartbuddy, like people like to do... Possibly, I would have said something like, "Richy and his side-kick, ChartBuddy." Though maybe my chosen phraseology would have given too little credit to ChartBuddy? In any case, thank you to both, whether bots, or NOT. |
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Objectively, what are our chances of going lower? I can throw in some fiat and buy some coins, but this is probably the last time I will be buying for 6 months or a year. Ignoring the trolls, is there a legitimate chance of hitting $500?
DO NOT take any advice from anybody here! Don't ever ask other people here what to do with your money! I know you see all these lines and charts and mainly bears who act like they know it all but i can guarantee you that not a single person here knows where Bitcoin will go. Every bear here will tell you we 100% sure will see 500 again. That's because they're sad little creatures who do nothing but lie and manipulate because they want the price to go down. The bulls obviously want the price to go up but will be a bit more modest and say we likely won't see 500 again. Either way any info you'll get is coloured and worthless. The fact that you want to invest in Bitcoin means you believe it will be worth more in the future. If you do then you should buy. 500 or 560 is meaningless in the long run if this thing takes off. If you don't think it will take off then don't. Waiting is kinda pointless because again nobody knows what it will do. Yes, don't listen to that advice... Listen to all advice given here, it's is 100% factual and we can all predict the future!
NOT.... hehehehehehe! |
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Objectively, what are our chances of going lower? I can throw in some fiat and buy some coins, but this is probably the last time I will be buying for 6 months or a year. Ignoring the trolls, is there a legitimate chance of hitting $500?
DO NOT take any advice from anybody here! Don't ever ask other people here what to do with your money! I know you see all these lines and charts and mainly bears who act like they know it all but i can guarantee you that not a single person here knows where Bitcoin will go. Every bear here will tell you we will see 100% sure 500 again. That's because they're sad little creatures who do nothing but lie and manipulate because they want the price to go down. The bulls obviously want the price to go up but will be a bit more modest and say we'll likely won't see 500 again. Either way any info you'll get is coloured and worthless. The fact that you want to invest in Bitcoin means you believe it will be worth more in the future. If you do then you should buy. 500 or 560 is meaningless in the long run if this thing takes off. If you don't think it will take off then don't. Waiting is kinda pointless because again nobody knows what it will do. now that is what sound advice looks like. +1 Can't be said often enough. How to profit from Bitcoin: 1) Buy Bitcoins 2) Hold them for two years 3) Note how much you've gained in real terms over the last two years, and be honest about how much less you'd have had you daytraded 4) Keep hodling And begin to skim profits... (if you have NOT already been doing so)... b/c the price has gone up at least 4 times your initial investment |
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It's a really tiresome statement. You do lose if the price goes down and you haven't realized the loss. You have fewer options now. You have no access to your former wealth and your purchasing power has declined. Will it be undone in the future? Maybe. But you are trapped in the present.
Remember, everything is still denominated in FILTHY FIAT.
Denominated in whatever, I have a loss from the ATH till now. Had I sold at ATH, I would have more value. It's a loss. You have the same with a house, if it goes down even temporarily. There are lots of excuses, like I can still live in it and so on. The difference is that the house is in a thin market, and you know the value only when you sell it (if then, you still have the excuse of bad luck). Bitcoin is a thick market, there are always buyers. The mantra of "it's not a loss until you sell" is a deception. Its only a loss also if you bought at some higher price - otherwise it is a failure to realize a gain. or failure to make a profit, which is NOT the same as a loss.... You can call it a loss all you like and attempt to conceptualize a loss and a failure to realize a gain as the same thing, but they are NOT the same thing... that is fuzzy logic and failure and/or refusal to recognize the difference between two similar things... Let's say that buy a piece of gold for $10, and the value of the gold goes to $20, then it goes down to $5... however i still have the gold. I have NOT gained or lost anything until I cash out. I could have gained $10, but that is NOT a loss, and I could have lost $5, but that is NOT a loss, until I actually sell. IT is really misleading to attempt to describe all of these as losses, if you have NOT cashed out yet. Now it is possible that the value of the piece of gold will go to $1 and never return to $5, $10, or $20... but until it is sold, the amount of the loss or the failure to gain is speculation.. until locked in. It is a gain even if you have not realized the gain by selling. Its a loss when it goes down. That is the point. The value you have is fluid. When you realize, gain or loss, you still have to have it in some form of good or money. So you can never lean back and say that you have secured your funds. That is why you have to conclude, in the quest for value, the winner is the one who have the most when he dies. The winner is the one who has a plan and lives within his/her means and enjoys the comfort of such.... or the winner could be the one who lives off of the credit of others and in debt, but spends it all when s/he dies... There are a lot of ways to define winner in regard to expectations and disappointment... if you are living and framing your position in life in such a way that you feel that you are a loser and that you are losing out, then likely you are NOT going to be able to perceive your situation as being a winner. Maybe all of this perception about whether you are a winner or a loser does NOT matter too much b/c each of us will have our own conceptions, yet that does NOT change my point above regarding you are NOT losing anything merely b/c you fail to gain... until you cash out or have to cash out.... before you cash out, the loss or the failure to gain is merely "on paper." |
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It boggles my mind that the trend is like this with the sheer amount of new and large business that have adopted bitcoin lately.
Most of those businesses did not adopt bitcoin at all. They merely agreed to accept dollars from the sale of bitcoins that people already had, including cheap coins that had been dormant since 2013 or earlier. Bitpay expansion does little to increase adoption; it chiefly makes it easier and more tempting for long-time investors to sell some of their coins on the open market. Many people don't understand that there are 2 bitcoin economies: the original SR and like one, and the newer, legitimizing economy using Bitpay. But why would an early adopter (who bought below 20$) buy back with fiat the bitcoin that he spends today, at a 550$ market price? The smart thing to do, in order to buy back 1 BTC, would be to sell 4 BTC when a downtrend is obvious and then buy back 5 - 6 BTC (just an example) at a lower price. They would buy back at $550 or more only if they think or believe the price is going higher than $550 and is likely to remain above $550. |
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It's a really tiresome statement. You do lose if the price goes down and you haven't realized the loss. You have fewer options now. You have no access to your former wealth and your purchasing power has declined. Will it be undone in the future? Maybe. But you are trapped in the present.
Remember, everything is still denominated in FILTHY FIAT.
Denominated in whatever, I have a loss from the ATH till now. Had I sold at ATH, I would have more value. It's a loss. You have the same with a house, if it goes down even temporarily. There are lots of excuses, like I can still live in it and so on. The difference is that the house is in a thin market, and you know the value only when you sell it (if then, you still have the excuse of bad luck). Bitcoin is a thick market, there are always buyers. The mantra of "it's not a loss until you sell" is a deception. Its only a loss also if you bought at some higher price - otherwise it is a failure to realize a gain. or failure to make a profit, which is NOT the same as a loss.... You can call it a loss all you like and attempt to conceptualize a loss and a failure to realize a gain as the same thing, but they are NOT the same thing... that is fuzzy logic and failure and/or refusal to recognize the difference between two similar things... Let's say that buy a piece of gold for $10, and the value of the gold goes to $20, then it goes down to $5... however i still have the gold. I have NOT gained or lost anything until I cash out. I could have gained $10, but that is NOT a loss, and I could have lost $5, but that is NOT a loss, until I actually sell. IT is really misleading to attempt to describe all of these as losses, if you have NOT cashed out yet. Now it is possible that the value of the piece of gold will go to $1 and never return to $5, $10, or $20... but until it is sold, the amount of the loss or the failure to gain is speculation.. until locked in. |
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Why is still going down?
Because people are extremely scared. As soon as the price goes up someone will dump on it, Chinese FUD will be posted, a pool reaches 51% etc. There are people working non stop on trying to take the value of Bitcoin down and right now they control the market. Any hint of bad news atm and the sheep completely panic. A lot of the selling currently is because of "i better sell now before someone else sells". As always the idiots create their own problem. Of course this will change again but when...nobody knows. |
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Bitcoin cultists accusing religious people of being cultists? At least when it comes to religion, people are usually indoctrinated from birth and have massive social pressures (there are hardly people who convert). Now becoming a cultist of your own free will, that's something else.
Also, I don't think there is any disadvantage in investment being Muslim, what does it matter if he gets 0% instead of 1% interest? Nothing.
Free will is an illusion bro You're an idiot Nice, insults are very persuasive. https://www.youtube.com/watch?v=hq_tG5UJMs0or try reading "consciousness explained" by Daniel Dennett. You're an idiot Gingermod: Keeping it short and sweet. |
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Hey Blitz.... I am very excited to notice that you got rid of that misleading definition of FUD from your signature ... that is great!!!!
In order that we can better understand the meaning of your statement, above, are you now back to using the commonly accepted meaning of FUD? That is "fear, uncertainty and doubt"?
Dude, I know bitcoins can't buy everything but please do get a sense of humour. Dude.. .I should have put a smiley face... However, my comment above to Blitz was mostly serious... with only a very slight sense of humor.. so therefore I did NOT put any smiley face.. I'm gonna try to watch more TV and that might help... |
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This is a nice read for those who do not grasp the issue of concentration of power into one mining pool. http://hackingdistributed.com/2014/06/13/time-for-a-hard-bitcoin-fork/Excerpts: But the fact is, this is a monumental event. The Bitcoin narrative, based on decentralization and distributed trust, is no more. True, the Bitcoin economy is about as healthy as it was yesterday, and the Bitcoin price will likely remain afloat for quite a while. But the Bitcoin economy and price are trailing indicators. The core pillar of the Bitcoin value equation has collapsed.Worse, GHash has a well-known track record of actually engaging in double-spend attacks even when they did not command a majority of the hashing power. GHash used its hashing power to attack a gambling site that accepted 0-confirmation transactions. In essence, they would make a bet, as in red-or-black in roulette, and if the virtual roulette wheel spin came out the wrong way, they would cancel their losing bet and place a new one. This is outright theft: GHash stole from a gambling operator. I was led to believe by the starry-eyed bull tards that it's all nothing but FUD. And in November 2013 I was led to believe by the douche who wrote the article (Emin Gün Sirer) that Bitcoin should be dead and buried by now. Bitcoin is broken. And not just superficially so, but fundamentally, at the core protocol level. We're not talking about a simple buffer overflow here, or even a badly designed API that can be easily patched; instead, the problem is intrinsic to the entire way Bitcoin works. All other cryptocurrencies and schemes based on the same Bitcoin idea, including Litecoin, Namecoin, and any of the other few dozen Bitcoin-inspired currencies, are broken as well. Specifically, in a paper we placed on arXiv, Ittay Eyal and I outline an attack by which a minority group of miners can obtain revenues in excess of their fair share, and grow in number until they reach a majority. When this point is reached, the Bitcoin value-proposition collapses: the currency comes under the control of a single entity; it is no longer decentralized; the controlling entity can determine who participates in mining and which transactions are committed, and can even roll back transactions at will. This snowball scenario does not require an ill-intentioned Bond-style villain to launch; it can take place as the collaborative result of people trying to earn a bit more money for their mining efforts. http://hackingdistributed.com/2013/11/04/bitcoin-is-broken/The guy has a history of spreading baseless bullshit to garner clicks. Just like the case of Professor Bitcorn, trolling Bitcoin seems to be good for an academic CV. Yes, and Blitz seems to add to the same FUD by circulating it and suggesting that there may be some validity to it. |
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2-I firstly use my logic and then the values that I took from my religion ( I am not a Muslim fanatic BTW, I am far from being a Muslim when it comes to sharia but I still have many values from being an Arab Muslim ) Surely, each of us have various religious and/or ethical and/or perceived legal boundaries that will cause us to place limits on how far we will go to personally profit.. or whether we attempt to manipulate or influence the behavior of others or to merely make ourself (ves) as a role model for others to emulate. To the extent that you are allowing various kinds of beliefs about the impropriety of earning interest or participating in forms of usury, these kinds of concepts and limitations seem to be much beyond the considerations of a lot of others participating in this thread and forum. Surely, you can apply these kinds of concepts to yourself and proclaim to your self that you are a moderate all that you want; however, if you are incorporating these ideas into your approach(es) about bitcoin and/or your future planning concerning your bitcoin proceedings, it seems likely that most people here are going to be merely distracted by these kinds religious limitations concerning interest and whether one kind of investment is ok .and another kind of investment is NOT., based on religious beliefs... In my humble bumble opinion, that just seems too personal to be muddying up the thread with those kinds of personal considerations. I didn't give any advice or any guidance about any investment, I decided upon my personal beliefs, but only when you insisted about knowing I told you, as far as I am concerned it is still a personal choice that somehow you don't like !!!! so next time you start writing about how my believes and my values and my personal choices doesn't fit your logic or the thread logic you must remember that they involves me and only me and they don't effect your life or the life of anyone except me.... got it ? this is where our freedom of choice comes from and no one should cross the lines. your freedom stops when others freedom starts. I'm NOT imposing anything on you, and this happens to be a public thread. I also have NOTHING against you. I will maintain; however, that you seem to be missing various details in your explanations, and accordingly, we seem to agree that several of the specifics of your investment plans (to the extent that any plan exists) may NOT be applicable to too many other people b/c financially, they have NOT been explained very well. Yet, they may be fine and dandy for you. I have NO problem wishing you Good luck with your choices. |
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