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3521  Economy / Speculation / Re: This is the all-in moment (Sunday March 15, 2015) on: March 18, 2015, 04:14:37 PM
1W MACD confirmed green
3D MA/EMA confirmed crossover
Conclusion of falling wedge + confirmed breakout with target near the ATH (https://www.tradingview.com/v/6AE9Qx7B/)
Q1 Ending (Gemini launch scheduled + GBTC trading imminent)
Wikipedia, twitter, and news activity ramping up
VC investment going through the roof

I've been watching this thing for years and I've never seen the stars align like this. Quote this for posterity and my own personal glory. Sunday March 15, 2015 was the all-in moment. And it was obvious.
Legit, I bought as much as possible this month, It has been a risking not buying since sub 350.
3522  Economy / Speculation / Re: BITCOIN DROPPING - But, to what extend? on: March 18, 2015, 04:07:45 PM
I donot know if, anyone in this forum take note of the radical drop of bitcoin?

I was predicted that bitcoins will eventually drop to $150/BTC

But, do not worry. there are still https://localbitcoins.com/ad/164244/cash-out-your-bitcoins-moneybookers-skrill dealer's  who are willing to purchase at Currenbitfineusd*1.07  -7 market value [300.32 USD/BTC]  despite this depreciation.
We had a small period of uptrend lately, it's time for a small dip. Time to buy, we are going down but slowly, and we will see dips like this through the summer.
3523  Economy / Economics / Re: Machines and money on: March 18, 2015, 04:04:36 PM
I think Resource Based Economy is on point and our ultimate fate, but we are still far from it, as species we are not ready and still need a form of money. Bitcoin is objectively the best we have today as money/storage of value.
3524  Economy / Service Discussion / Re: Evolution has run off with all user's funds on: March 18, 2015, 04:02:56 PM
I don't quite believe it's an exit scam , i've read somewhere they've got some issues due to a large amount of withdrawals
The "get the money and run" scenareo seems as realistic or more. Why would you trust a centralized exchange, let alone a centralized dark market? people dont learn.
3525  Economy / Service Discussion / Re: Top 10 items sold on Overstock.com for bitcoin on: March 18, 2015, 04:01:19 PM
Sheets is #1 ?? really strange, I expected something related to computers pieces or some kind of hardware
Weak Bitcoin holders have the need to change the sheets everytime the price goes lower by 10 dollars.
3526  Economy / Speculation / Re: Australian Govt to sell 24,500 BTC on: March 17, 2015, 04:52:42 PM
If these governments knew any idea of what's coming they would buy them for themselves, or at least try to store a part of them.
3527  Economy / Economics / Re: Bitcoin or gold? on: March 17, 2015, 04:48:20 PM
Not sure if this has been posted yet, but this is an excellent explanation on why Gold is deprecated compared to Bitcoin:

https://www.youtube.com/watch?v=yPIvqJsCOSo

Excellent video for newbies as well.

3528  Economy / Economics / Re: BANK RUN: Andorran and Spain banks go bankrupt, state refused to aid depositors on: March 17, 2015, 04:44:37 PM
European banking collapse is going on. People are going mad getting their deposits frozen. "Cyprus" scheme is in progress again.

Banco de Madrid Files for Bankruptcy After Parent Accused of Money Laundering

Spanish Bank Seeks Creditor Protection After Withdrawals


Spain suspends reimbursement of funds managed by Banco Madrid
Quote
(Reuters) - Spain's stock market regulator
* Says has suspended reimbursement of investment funds and variable income funds (SICAVs) managed by Banco Madrid Source text for Eikon: (Reporting By Julien Toyer; Editing by Paul Day)


No state aid for Banco Madrid - Spanish Economy Secretary
Quote
(Reuters) - Banco Madrid:

* Spanish Economy Secretary Inigo Fernandez de Mesa says at event in Madrid there will be no state aid for Banco Madrid

* Says deposit guarantee fund will cover depositors

* Banco Madrid filed for bankruptcy on Monday Further company coverage: (Reporting By Jesus Aguado, Editing by Sarah White)


By the way this shit is initiated and coordinated by The US with the help of FinCEN. They are able to arrest all assets on US intermediary accounts of "suspected" foreign banks and demand billions of fines. This is how US found a way to loot any foreign bank.

Here is original document from FinCEN regarding European bank BPA http://www.fincen.gov/news_room/nr/files/BPA_NOF.pdf

British banks are also affected
US seeking $1bn from RBS and Barclays
Quote
Royal Bank of Scotland and Barclays are facing penalties of about $1bn (£662m)
each from US authorities for their alleged role in the manipulation of currency markets.


Yeah I saw this yesterday. Apparently the minister of economy of Spain said "this is a rare case and is not going to spread across the rest of the spanish banks".
3529  Bitcoin / Bitcoin Discussion / Re: Rakuten Starts Accepting Bitcoin in the US on: March 17, 2015, 04:42:07 PM
Sweet, they keep adding up, because it's objectively stupid to not accepting Bitcoin. I have good memories of Rakuten, I bought my PS4 there Smiley
3530  Bitcoin / Bitcoin Discussion / Re: Complete the sentence... [I would buy Bitcoin because..] on: March 17, 2015, 04:39:46 PM
Complete the sentence... [I would buy Bitcoin because..]
I would buy Bitcoin because.. it will replace the Gold Standard in the future, aka the best place to store wealth + you can spend it like regular fiat.
3531  Bitcoin / Bitcoin Discussion / Re: Bitcoin 20MB Fork on: March 17, 2015, 04:37:55 PM
If not...  such contracts would only make sense to those currently positioned in fiat/Long on fiat...  what am I missing?   Undecided

You are missing that this proposal is bad for Bitcoin in the long run

So...  the If not stands?   Undecided
If this was a real problem, why Satoshi didn't predict it and launch BTC at 20MB by default?
3532  Economy / Economics / Re: Bitcoin Venture Capital per Quarter is Exploding :) on: March 16, 2015, 03:00:33 PM
This is great and all but I'd much rather see a chart covering the explosion in new users buying btc for the first time.

I wouldn't. That's a useless metric at this stage.

It would be a great metric, indicating the extent of bitcoin adoption.
Unfortunately, given Bitcoin's pseudonymous nature, I think there is no way we can get such a metric.
We can see the amount of wallets being downloaded and the amount of addresses being created but never if they are new people, people re uploading the wallet, new or old people making new addresses etc.
3533  Economy / Economics / Re: What if the necessity of use outweighs the desire of gold? on: March 16, 2015, 02:58:14 PM
As great as bitcoin;s are for store of value, they sometimes have to be used in order to create more economic output, which means spent….

Bitcoin was designed to be spent. If it wasn't, then the blockchain wouldn't be necessary at all.
Of course it would. The blockchain is what it is: A ledger that shows stuff is all legit and not double spending happening. Even if people use it as store of value, blockchain gives security.
3534  Economy / Economics / Re: Is bitcoin dead? on: March 16, 2015, 02:56:58 PM
Bitcoin will not die because of price, I mean asic mining can die because of price but not bitcoin itself. Bitcoin will die if it will not improve (size of blockchain ,etc) , not gain mass adoption and some crypto coin or even more bizzare representation of value comes forward and will look so good that everybody jumps to it. Either way i think crypto is the way to go and even if bitcoin dies it will be because we have something even better.  Smiley

If mining is over how would be blockchain secured? More that, wide adopted bitcoin will need adequate amount of hashrate.
There will always be people mining. If everyone leaves mining, it would mean whoever is left mining will make tons of money, therefore we will never reach that point. Bitcoin is indestructible, get it through your thick skulls.
3535  Economy / Economics / Re: Bitcoin or gold? on: March 16, 2015, 02:55:55 PM
It may be uncool to admit it but I just can't get excited about gold as an investment. I'd like to own some because it looks pretty but that's about it. Anything with an ATH that took place 35 years ago is too sluggish for me.

BTC all the way for me. We dunno where it'll head but I'm willing to follow the ride where it takes me.
Do you actually own the gold in your house or you own a paper that says you have x ozs of gold stored somewhere miles away from you?
3536  Economy / Economics / Re: Greece now targets tax evaders! next step cyprus style! on: March 16, 2015, 02:41:04 PM
Greece had to choose between go out of euro and create their own money (with huge inflaction) or stay in euro accepting the conditions. Syriza choosed euro, so they should work more and talk less.
Syriza, like some said they are buying time and waiting for other similar-minded parties to win in other countries to create more pressure against Troika. If even then Troika keeps pressing them i see a realistic scenareo where a lot of south euro countries leave.
3537  Bitcoin / Bitcoin Discussion / Re: Is Regulation The End For Bitcoin? on: March 16, 2015, 02:39:26 PM
Is Regulation The End For Bitcoin?

http://bitforum.info/t/is-regulation-the-end-for-bitcoin/396

Maybe bitcoiners doesnt say this out loud but majority of us question ourselves, if Bitcoin will be regulated. Would it be the end?

I mean, if there is a central entity that regulates Bitcoin, do you think that they're regulation would be 'limited' or will they violate a bitcoiners privacy for the sake of 'regulation'?

In the article, it reads the advantages of regulation.

Can you give out negative effects if Bitcoin is regulated?

They can regulate all they want, they cannot come into your house and tell you what to do with your Bitcoins. As long as you don't convert to fiat reguations don't even matter.
3538  Bitcoin / Bitcoin Discussion / Re: Wall Street To Bitcoin: Does It Really Matter? on: March 16, 2015, 02:37:58 PM
In Wall Street's eyes, bitcoin is just another asset that they can make bubbles upon and earn lots of fiat
Not everyone thinks it's just another asset. Some of them are privately buying and holding for long term use because they see a potential scenareo where Bitcoin becomes a new standard of digital payments.
3539  Economy / Speculation / Re: $350 by Sunday on: March 14, 2015, 06:02:54 PM
Still two days to go. I think we will still be fighting the 300$ barrier by sunday, or maybe once the market starts getting traction (it usually takes 5 to 6 hours after 12 pm) we may see a nice little rally.
3540  Economy / Speculation / Re: What was the starting price of Bitcoin? on: March 14, 2015, 06:01:04 PM
When I started trading in Bitcoins, the rate was above $300 but through some discussions on this forum, I noticed the price had crossed $1000. When was it and on what factors does this price depend on? Does it work the same way the stock market and forex operate? Also, what was the highest price bitcoin ever attained and the lowest price as well?


Currently the price is $287 and am waiting it to again reach atleast $300.
The price is simply derived by supply and demand. At the very beginning, Bitcoins were worth literally nothing. Thats right, nothing. Why you ask, well, no one was buying them, so the only owners were miners, and Bitcoin didn't simply have any value.
Only later on with the first exchanges made between users a price was starting to take shape, then with the first actual exchange the price started to take it's course until what we have today.
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