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3161  Economy / Speculation / Re: BTCchina IS BACK, bank deposits restored!!! on: January 30, 2014, 06:58:15 AM
Erm why are we discussing drugs here ? Is BTCchina selling drugs now  Huh
For some reason people like to use drugs and prohibition to support an argument that the btc economy will retain the same strength even if bitcoin is banned by governments. I think drugs/prohibition and bitcoin usage is a loose and exaggerated relationship in that regard.
3162  Economy / Speculation / Re: BTCchina IS BACK, bank deposits restored!!! on: January 30, 2014, 06:21:50 AM
Quote
Investing in one particular type of speculative asset is not

greed is not human nature?

mmm...I don't know. Endorphins is endorphins.
They can be greedy with something else. There are plenty.
3163  Economy / Speculation / Re: BTCchina IS BACK, bank deposits restored!!! on: January 30, 2014, 06:16:01 AM
Using drugs is a strong human nature. Investing in one particular type of speculative asset is not - there are plenty others. Most of these Chinese are gamblers and will gladly just move on to the next volatile asset or to the roulette wheel and forget all about bitcoin. I don't see any black market emerging with any volume comparible at all to current volumes.
3164  Other / Off-topic / Re: I had a revelation in my dreams yesterday, I will suffer for your sins, I am a c on: January 30, 2014, 06:13:55 AM
Nothing wrong with op, I think he just accidentally posted in the wrong forum. I think it was for Bitcoin Discussion Off-topic The Shroomery.
3165  Economy / Speculation / Re: Bitcoin users could face jail time? on: January 30, 2014, 06:09:45 AM
Umm, do I go to jail if I used the same dollar bill that a drug dealer once had?
3166  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 30, 2014, 05:54:10 AM
Yuck why would you want China back? China is like a poison for Bitcoin. Too many people are excited over this.
3167  Economy / Speculation / Re: BTCchina IS BACK, bank deposits restored!!! on: January 30, 2014, 05:44:54 AM
If this is true then this is horrible news. China is rat poison for bitcoin.
3168  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 30, 2014, 02:22:21 AM
The panel seems somewhat bearish to me. I don't know if the bulls are watching it with rose goggles or beer goggles or what.
3169  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 30, 2014, 02:05:19 AM
i've been selling coins.  Tongue

risk management....

but i still very bullish on the future.
Anyone in bitcoin a few years ago is rich now. So...
Anyone in bitcoin now will be rich in a few years. no worries  Cheesy
Will anyone who buys bitcoin in a few years be rich in another few years? I'm curious as to how long this recurisve logic will go on. Will bitcoin expand infinitely and receive massive adoption by aliens in distant galaxies?

if aliens want to do business on earth they will have to buy bitcoin  Wink

bitcoin upper bound is like 5-10million pre coin.

You forgot about: Anyone in bitcoin a few years ago is rich now unless of course they spent it on hookers and blow.
or if they spent it on a pizza...
I have had a serious overdose on pizza before that required medical attention.
3170  Other / Off-topic / Re: I had a revelation in my dreams yesterday, I will suffer for your sins, I am a c on: January 30, 2014, 02:03:08 AM
Dont spend all your bitcoins in one place.
3171  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 30, 2014, 01:42:31 AM
i've been selling coins.  Tongue

risk management....

but i still very bullish on the future.
Anyone in bitcoin a few years ago is rich now. So...
Anyone in bitcoin now will be rich in a few years. no worries  Cheesy
Will anyone who buys bitcoin in a few years be rich in another few years? I'm curious as to how long this recurisve logic will go on. Will bitcoin expand infinitely and receive massive adoption by aliens in distant galaxies?
3172  Economy / Speculation / Re: Diversification into alt coins. on: January 30, 2014, 01:34:42 AM
That post about the $5000 bitcoins scenario made me think, should I have some litecoins?

At the NY meeting the Winkelvii mentioned that if Bitcoin is banned or crushed, an altcoin with a tumbled public ledger is likely to replace it.

What percentage of your bitcoins do you keep in alt coins such as peercoins, dogecoins, etc.....

Thanks for your thoughts.
None of the altcoins you mentioned have a tumbled public ledger or any advanced features like a decentralized exchange so none of them would serve as a hedge against Bitcoin in the scenario you mentioned. I would think of something more like NXT.
3173  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 30, 2014, 01:30:27 AM
Anyone know if you can spend Bitcoin in physical Tiger Direct stores or only online?
3174  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 29, 2014, 09:51:43 AM
wow lots of new coins on the gox order book. Did they fix something?
3175  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 29, 2014, 12:43:29 AM
I didn't know that "FUD" applied to TA. I thought it was about information and events?
3176  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 29, 2014, 12:39:26 AM
Bulls made a valiant effort today with that freakish low-volume spike to $810 but could not prevent the confirmed downtrend.

It's already confirmed serveral times, that you'll miss the train with your bearish FUDs.
This is the first time that 2 candles have closed under the MA.
3177  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 29, 2014, 12:30:42 AM
Bulls made a valiant effort today with that freakish low-volume spike to $810 but could not prevent the confirmed downtrend.

3178  Economy / Speculation / Re: What possible event on horizon will rocket bitcoin to the moon again? on: January 28, 2014, 11:46:36 PM
Bitcoin is already on the moon. You need a different target, like Mars, or the Oort Cloud.
3179  Economy / Speculation / Re: NY Hearings - lets live blog this puppy : - ) on: January 28, 2014, 10:37:14 PM
Do you guys really live in a fantasy world where the exchange price was following everything said at the conference in real time?
3180  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 28, 2014, 01:31:10 PM
I know the TA is difficult but the point is I would definitely be in by $1000 probably nowhere near $1000, so everyone telling me about how I'm going to end up chasing the price forever has an invalid point.
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