My single problem with people like Mike Maloney and Schiff is that they are backed/paid by gold/silver sellers and thus their paychecks DEPEND on being against bitcoin and 100% in favor of gold/silver.
Not necessarily. Schiff could theoretically do a full Bitcoin integration if he wanted. He could offer a multipurpose BTC deposit wallet (limited in certain ways by user request only). We could deposit Bitcoin and spend it on-the-fly as fiat by debit card (like he makes this work with gold), swap it for physical gold (or permanently sell it for fiat), may be even use it as leverage in a brokerage account which could include a kind of Bitcoin ETF... But he doesn't want to because he really doesn't like the idea (at least not now). |
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He also says (not in this video but from a long time ago and up to this day) that BTC will crash to double or even single digits in the not so distant future and probably never come back up. |
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2000 BTC wall@ 2300 CNY@Huobi. Is it the same one who put up the 5000 wall before we started the big rise to 418$?  A lot of buy orders right below 2300CNY, he probably wants em get filled. Edit: Wall eaten(probably by himself as a single 1500 buy order was among it) "How to create volume 101" now hes placing bids at the front line and fill them him self too who to create volume 102! There are only a few guys who are trading on all of the exchanges. Maybe 10 guys at the most. The same as those who are posting in this thread... and I am getting sick of you fucking idiots!!!!!!!!!! This is trading and wall observing 103. I am starting to have the same feeling (as a next step after this: https://bitcointalk.org/index.php?topic=421615.msg9216112#msg9216112). yes the market is out to get you, buy 1 full coin and the market WILL drop and wait for you to sell that 1 coin back and then rise again, all volume between YOUR REAL trades is faked. Mostly I was joking.. and/or exaggerating for shits and giggles.... as some may say. Overall, I am NOT as pessimistic as you fellows seem to be making this out to be (at least at the moment).... but overall, if it is really true that some of the Chinese exchanges (and maybe even some of the other exchanges) are actually engaged in a sort of fractional reserve banking, then there may be some fuckerie going on, and I hope that is NOT the case. We do need to get some mechanisms in place to disallow fractional reserve banking of BTC because then sooner or later, these fucking whale manipulators will run out of coins. However, if these whale manipulators really are cheating by trading coins that they do NOT have, then that kind of problem is kind of BIG... and mechanisms need to be put in place to remove and/or minimize the ability for whale manipulators to accomplish such cheating (b/c bitcoin was NOT designed for fractional reserve banking). I know that there is quite a bit of work in various aspects of the bitcoin space to attempt to address these fractional reserve banking issues... and hopefully sufficient progress is being made in order that we are able to channel our bitcoins into the right mechanisms (such as posters have mentioned the decentralized exchanges when they hopefully evolve). Of course, I am exaggerating as well. And I am not talking about fractional reserve tricks (except Noe&Bee, Mt.Gox, Moolah and the like frauds...), just legit trading (trading with coins while ending up with fiat gains). |
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2000 BTC wall@ 2300 CNY@Huobi. Is it the same one who put up the 5000 wall before we started the big rise to 418$? A lot of buy orders right below 2300CNY, he probably wants em get filled. Edit: Wall eaten(probably by himself as a single 1500 buy order was among it) "How to create volume 101" now hes placing bids at the front line and fill them him self too who to create volume 102! There are only a few guys who are trading on all of the exchanges. Maybe 10 guys at the most. The same as those who are posting in this thread... and I am getting sick of you fucking idiots!!!!!!!!!! This is trading and wall observing 103. I am starting to have the same feeling (as a next step after this: https://bitcointalk.org/index.php?topic=421615.msg9216112#msg9216112). |
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Are the Chinese faking their numbers to buy real BTC on Bitstamp for cheap?  |
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[img]
Looks like it is going up, but to the left If it doesn't go up from here (400+) but fall to <350 I will feel like doing a last sell while it's still >=300$ and never look back. This was supposedly that long anticipated reversal but now it feels more like a zombie bounce which is ready to acknowledge that it have been dead for a long time and it's running out of brains to eat. crypto is dead? Depends... Would you classify zombies as dead? Also BTC = Crypto but Crypto != BTC @JayJuanGee Caboose -> Have you seen Red versus Blue? (It has dumb character called Caboose.) |
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[img]
Looks like it is going up, but to the left If it doesn't go up from here (400+) but fall to <350 I will feel like doing a last sell while it's still >=300$ and never look back. This was supposedly that long anticipated reversal but now it feels more like a zombie bounce which is ready to acknowledge that it have been dead for a long time and it's running out of brains to eat. |
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I came across this picture today and somehow i had to think about if they are bitcointalk.org members? [img] Is this that fancy google glass which we second country folks haven't seen yet? |
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the price will have to go down soon.
Why?? if its going to reach his 120$ target it will have to go down... come on bro it will hold $150 imho !  When you're dreaming, dream at large. Why not $10? I want to recover about 300 coins I've sodl back then... I had a dream within the past the night before last that Bitcoin went to zero... maybe we can call it a nightmare?? I was watching the market and my various wall trackers as BTC price began going down, and I believe it started in the $300s, and then when it was in the $200s, and it was moving down fast and I was trying to open my Coinbase account and get logged in order to buy some BTC, and I was so panicked that I was NOT prepared to make the buy, and I was trying to figure out how much money I had in my bank account and how much I could buy, etc. etc.. As I kept trying to figure this out the price kept dropping, and I'm like shit, there must be some kind of technical problem with these websites or something, but just in case, I want to lock in my buy order so I can get some cheap coins, and then I would create a fairly good-sized order, like 30 coins and then the price would drop and I would recalculate to 50 coins and then I thought I cannot buy that many because I do NOT have enough money in my bank account for that sized order, so I had to keep recalculating and resubmitting my order as the price kept going down.... and when the price was between about $30 and zero I saw this yellow line and smudgy trajectory on my screen for the price going all the way to zero but the exact numbers were NOT showing up on my computer screen. Then the price rested at zero for a few seconds, and I thought, there must be something wrong with these various websites or maybe bitcoin is really dead or something ( just like all the Wall observer beartrolls had predicted (NOT to name any of them to give any of them specific credit for being correct)), and after a few seconds of the price NOT moving and just stagnated at zero, pretty soon the yellow line started going back up and no digits were showing until the price was back up into the $30s and then the $40s and the $50s, and I was still fuddling around trying to get my order to go through, and the price was moving up fast, and I had mixed thoughts about my inability to get my purchase to go through and the feeling that bitcoin is still alive!!! Then while I had these mixed thoughts, I was still trying to lock in my buy order while BTC prices were on their way back up, and i believe that I did lock in my buy price at some point in the $upper $50s of 50BTC or something like that.. even though I was NOT sure if I had enough money in my bank account to cover the order.. and then I woke up... and said to myself: " F@@###kofojfsgdfg##!!@@CK!!!! glad that was just a dream." Well, I believe most of the exchanges don't allow you to place orders at absolute zero, some might won't allow <100$ either (to protect you from accidental mistakes like 38$ instead of 380$ / BTC). I had a similar dream during the 400$-siege. I went to sleep while having a long position opened (I jumped in at 380$). In my dream: I woke up, hit the home button on my smatphone to check the clock. It showed me a tall and fat red candle with single digit $ price. I acknowledged that "Well, I just lost ~90% of my coins and the rest ~10% lost >50% in fiat value". But the interesting part is that I didn't care. I just simply put the phone back to the table like I didn't see anything interesting, closed my eyes and fell asleep until I actually woke up later. I knew it's the real thing because the price was >400$, so I decided to get out of the bed and close that position. So, well... This at least seems to work. Check the price when you wake up and decide if you are in the right reality. If the price is right then get up, if it's down then you fell asleep on the train and woke up on the wrong station. But you can try to fix it by refusing reality, falling asleep again and weaking up in the next one. |
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Are those 0.05 BTC trades on Bitstamp some kind of encoded signals (like a morse codes)? You know, trade bots talking with each other? When they are in love we get a pump, when they fight it's a dump.
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what would the price of gold have to be to make it economical to get it out of sea water?
"Each liter of seawater contains, on average, about 13 billionths of a gram of gold." http://oceanservice.noaa.gov/facts/gold.htmlSo each cubic meter of seawater (1000 liters) has 0.000013 grams of gold. Let's say that it costs 1 US$ to process 1 cubic meter of seawater and extract all its gold. To break even, the price of gold would have to be 1$ / 0.000013g = 77'000 dollars per gram. If the processing cost were 100 US$ per cubic meter, of course, it would be 7'700'000 dollars per gram, and so on. @ $40 per gram of gold, each m^3 of sea water is worth 0.0000013 BTC. I have a limited supply of sea water for sale @ 0.000001 BTC/m^3, get it before it's all gone. Instant 30% arbitrage opportunity. edit: free world wide shipping to the nearest port |
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Anyone that wants to get out... come to crypsy. I'll be waiting there  The "Evan Buy Wall" about to be deployed? I posted and deleted about five of those before you caught one LOL. So, you are telling me to close my BTC short, buy up the DRK and sell it to you for a higher price. Something just doesn't seem right about this. |
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*********** Amber Alert ***************
World equity revaluation in progress.
Markets throwing toys out of pram at mintpal closing QE ending - want more. Trying to pin central bankers backs to the wall before traders turkey out on free money hose drying up.
Plunge protection teams out in force.
London down 2.4% - diving towards the 4:30 finishing line, ballast being offloaded like it was ebola infected horse manure (oops ! now 2.6%)
Q3 and Q4 GDP figures already being revised (which will only serve to endorse todays speculation).
As I'm writing this, London now -2.78%. That rocket is vertical alright but the engine's at the wrong end.
Having to rely on secondary sources for market feeds because Marketwatch has crashed due to nervous pensioners watching their life's savings being poured down the drain by over zealous central bankers who think that money is the same thing as value.
Observers noting that things would be a lot worse if there was a safe haven:
Cash ?? - zero return
Oil ?? - monkey hammered by Opec due to petulence
Gold ?? - monkey hammered by an endless supply overleavered paper shorts
That leaves crypto. Un uncapitalised train about to leave the station. Where is crypto now ? Think 1992 and travel agents vs web sites. One was a multi-billion dollar industry, the other was a geek hobby.
Within a few years they had entirely swapped places.
EDIT: Italy is now down 4.5% Spain 3.5% and London 2.8%. We're now on the back side of a tripple top that started in 1999.
Yet I recently came to the conclusion that BTC market is still a huge FIAT drain. A black hole where "normal people" put their FIAT money in order to let most or even all of it disappear (due to price changes, bad trades, accidents or even naked frauds). My guess is, that by now, there have been significantly more people involved in this game than Bitcoins mined. And I also assume that their average stake was bigger than 500$ / person. That means that "average people" (excluding the lucky early adopters and wealthy early/mid-time investors) should not be able to buy a full coin by now if exchanges were used to simply buy and sell coins. The market must be leaking the liquid fiat like a spaghetti strainer. The most skilled traders are sucking out all the fresh fiat which arrives into the market from the average people and then some more (hence the strong downward trend). Most of the traders aren't keeping their gains in BTC (as they should) but periodically withdrawing it in FIAT. They enter the market with X fiat (or alternatively some BTC they bought a lot earlier) and leave with X+Y fiat but negligible to zero (or less than their initial) BTC. And I don't see this changing any time soon. When FIAT inflation will really take effect, they will just starve for even more FIAT and sell any BTC they held. |
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i tried using bitfinex but it was way too complicated. i got btc in but could not get it to execute a trade. i sent my btc out of there to my old cryptsy account and luckily got some drk @.00500!
mintpal v1 was great while it lasted but it's done now, i won't be back. i looked at bitrex but was not impressed. i've got a bter account but rarely use it so it's craptsy for me until btc-e steps up. seems like drk and btc-e are the perfect fit.
had the same problem with.bitfinex After all you need to move your coins from deposit/trade wallet into exchange wallet to have the possibility to buy/sell thanks, yeah my btc was in the trade wallet so i guess that was the problem. i may give them another try but they are not very user friendly. they do appear to have some cool advanced features though. btc-e seems to focus on privacy and non US compliance which is good but i guess could be bad if they ever decide to go gox. I would prefer Kraken had they already enabled the leverage trading (they say it's functional but they are waiting for bigger volumes - however I wouldn't expect that volume to arrive without offering full functionality first...) and/or if Russia wouldn't threaten to actually ban Bitcoin. Bitfinex is not bad but I could use things like "stop loss" and "take profit" options for margin trade positions as well (not just for the orders and not only one of these per order). |
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400!  Takes me all the way back to earlier this morning... Yeah, but I don't consider 400 as great, I think this is mandatory (to sustain mining and enthusiasm and avoid the meanbearpigwhalepanicFUDsell). 500 would be great. For now. |
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 Yep. They sure succeeded in doing that. I've still got about 3800 CLOAK on there from memory. 280,000 Flutter, 1800 Black 25 DRK and god knows what else. I was lucky that I got out ~12 BTC from there just before they started to level up to Gox mode. ~1.5 BTC from that wasn't too lucky because I throw it at NEOS (which crashed). And now that I mentioned it, I can't even remember what I did with the remaining ~0.5 BTC (-> these are those statements I hope I will be able to laugh about after BTC hits $100000+ "Yeah, I just throw that kind of money away like it was nothing." ). The rest went to a Bitfinex trading wallet to grow. I thought about turning a part of the $ profit into DRK but that doesn't count toward to margin trade leverage. |
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This latest buy wall doesn't seem to work (as a pump). Looks like it will be literally broken soon.
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LoL. Is this an unedited footage? No... Mix of real news conference and SNL skit... Yap, I checked it out on youtube (original vs. edited). Moreover, I realized I saw it already but so long ago that I forgot about it. |
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AMAIK Bitcoin isn't based on SSL3 |
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It's bleeding!  |
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