As much as I want to believe this, I'm sure this will only end in disaster.
The best parties ALWAYS end in disaster.  i dont know about you, but my best parties tend to end in champagne, cocaine and blowjobs.  LOL - that could be considered a disaster, depending on either you have a wife or not, and depending on how fucked up are the friends left in the party at that point |
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Good time to buy SDICE shares. “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” |
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Sorry to steal the show, but even after spending 36 hours in an emergency care unit, I still think $1,000+ peak valuation is unstoppable before Christmas. My experiences tell that even the patients here are eager to buy by the truckload, as soon as they get into the position to do so. Not everyone was picked when he had all his belongings packed to two nice cabin bags (+the silver).
Care to let us know what are your symptoms and pathology in your doctor's opinion? Hope you get better BTW. |
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Congrats myrkul, a pleasure debating with you and reading your insights.
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However in this instance I think we could see negative repercussions of the Dwolla/mtgox episode rumble on for some time yet.
Its clear that the dwolla mtgox episode will affect the market for some time, but I'm curious what makes you think it will be negative? In the short term, I believe it will push the price up and in the long term provide a new price discovery mechanism (at the moment unknown what exactly that will be) along with much needed diversity on the exchanges. I believe the panic triggered bu the Dwolla situation is pretty much over, unless the DHS states that this was a first action against Bitcoin itself, and not against a specific user or against gambling, which are two things not directly related to BTC. Not going to double digits after the initial Dwolla/MtGox FUD is an über-bullish sign. Bulls are strong, bears are crapping their pants, and most of the members in here already sold their BTC (at least some of them) and they are waiting "the best entry point". Heck, even Smoothie sold some BTC and is waiting to buy back, IMO this means that NOW is a good entry point - maybe not the best in the short term, but I really do not see how we could be going under $90 unless something really bad happens. |
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Sorry to steal the show, but even after spending 36 hours in an emergency care unit, I still think $1,000+ peak valuation is unstoppable before Christmas. My experiences tell that even the patients here are eager to buy by the truckload, as soon as they get into the position to do so. Not everyone was picked when he had all his belongings packed to two nice cabin bags (+the silver).
You said $300k before the end of the year, and anybody denying this will happen in 2013 is a fool and an ignorant. But still you did not accept to put your money where your mouth is accepting my bet proposal with odds on your favor. |
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Where the hell is rpietila? I demand some balance in this thread. Also he was way more entertaining than this.
Apparently, in a psychiatric hospital. And @Coinseeker: I am pretty sure Cryptocurrencies will outlive America "I am currently detained in a psychiatric institution in Helsinki, because I need rest. My physical well-being is taken care of." yeah, silver in free fall might not be good for him i guess. Wow, he actually wrote that. It's clear to me the guy suffers from a textbook "delusion of grandeur", and I'm sure half of this ramblings are just delusions and lies. As Blitz said, "a crazy guy going nuts" Honestly, I feel sorry for Rontus (his employee) |
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Maybe this is just the arrogant American in me but, without America, Bitcoin is little more than frequent flyer miles. We set the trends, we say what's hot and what's not. Russia? When's the last time anything "cool" ever came out of Russia besides snow? Don't forget, America is not America without Russian software engineers, for example. Also, Sergey Brin, Google co-founder, comes from Russia. Google hardly makes "America". Thats as silly as saying there's no America without Apple. Coinseeker, we've been tolerating your FUD spreading and trolling, but you are really pushing it. Bitcoin without the USA is no more than frequent flyer miles? "You" set the trends? What you are saying is beyond stupid. To how many countries have you traveled in your life? What do you know about economy? Do you by chance know the growth % of countries like Russia or China? You know nothing Coinseeker. Nothing about Bitcoin. Nothing about economics. Nothing about the reality we are heading to. And you're stupid and superficial American nationalism is an insult to intelligence. And regarding "all the cools things come from US": make a poll among citizens of all nationalities and ask which is the country doing the uncoolest things ATM. You will surprised by the results. Hint: Guantanamo, drones and so on. |
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Si tienes interés manda PM pls
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Coinseeker, do you want cheap coins? Buy now, and if you're really greedy you can still have some fiat on the exchange in case we are all lucky and another Dwolla-like situation provokes some panic among noobs and hence a flash crash.
Wake up man, the train is leaving the station.
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This chart is the definition of trolling (the lower one). Care to elaborate? |
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I was pondering like, as you do, what the continuation of higher lows would look like and I concluded that the obvious next data point would be a bounce off $100. Hey presto, yesterday happened. It looks a little early though thanks to the weak hands selling the news so I think we'll see a double bottom in the next couple of days. Every day we hold above $100 into May is a point for the bulls I believe:  Linear not log as usual bear in mind. Completely agree with you. The fact that we did not went to double digits right after the Dwolla news spreaded is a super-bullish signal IMO. This is the type of news that FUD spreaders and trolls love - they will say that this is "the first of many government actions against Bitcoin", that BTC will be taken down and its users will be ass-raped in Guantanamo bay.... And STILL Bitcoin is trading above $110 ATM, and the $100 support was barely tested. And look, money in the order book is going up, like nothing happened:  |
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Good news from the field. I just got an email from Avalon with a tracking number for batch #2. Wish me luck.
As always, thank you team Avalon. Wish I could meet you at the conference this weekend, but I didn't get the airplane tickets in time.
Great news, congrats! |
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And no, Dwolla is not illegal, where as Bitcoin is in violation of the laws of nearly every country.
Bitcoin is not in violation of any laws in most countries. That is, as far as I know, it is perfectly legal to own, buy and sell Bitcoins in most of the world. Many things that can be, and are being, done with Bitcoins ARE in violation of laws, though. Im not a law expert so grant me that. But in most developed countries, sending anonymous payments to anonymous users, tax free, and/or using an alternate currency within those borders is absolutely a violation of law. It is in the US for sure. So you really do not understand how BTC works. BTC is "pseudoanonymous" (not anonymous). Additionally, all the transactions are public. Legitimate business transactions can be very easily tracked, much easier than with cash. And BTW: cash has very similar properties to BTC - and if you operate only in cash you can also be "tax free". Which obviously does not means that cash is illegal. |
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As the US goes, so goes the rest of the world.
The rest of western world. Which is not "the world". Bitcoin is in violation of the laws of nearly every country. Now I
That's utter BS. Can you show me how is bitcoin violating the laws of Italy, Russia, China, Sweden, Iran, Japan... Just to have a few examples. Be concrete, if you are so sure. And yes, in the US you have some negative precedent (the e-gold thing, liberty dollar, etc.) - but again, the US is not "the rest of the world". |
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This new guy can be a white horse.
Do you mean as in "on the back of his white horse" = full of mischief? Erm my mistake. It's a czech phrase for someone who acts as an owner of the company, but in fact it's only some guy from the street (or any stupid person) who becomes the owner just to face any legal problems for the company. Very often such persons are unavailable at their residential addresses or are foreigners. Yeah, like a "dummy front men", right? |
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Anyhow, you can see how no coins rushed to the exchange after the Dwolla news. Fiat rushed out, but BTC did not rush in - which makes sense, if you use Dwolla there's no point in exchanging your un-seizable currency for seizable fiat.
There is if you don't like losing money as BTC prices fall and you want to buy low. Fiat is fine inside of Dwolla, for the moment. There is nothing illegal about Dwolla. They are in compliance of US regulations. (Or so it seems) But this series of recent comments is really two different conversations. One of those who want to stash BTC in wallets and go long. Totally fine and those who want to make money buying in low. Also fine. Apples and oranges really. Additionally, the don't have to "seize" BTC's. All they have to do is block the flow of fiat in and out, and BTC's becomes worthless. How some people are waking up trying to hold on to these delusions is simply amazing. I call it denial. Bitcoin is only as strong as the fiat it can be converted into. There is nothing illegal about Dwolla? There is nothing illegal about BTC neither. If you do not see how this kind of news just make stronger Bitcoin in the long term, it has to be because you understand nothing about how BTC works. You forget there's a lot of people who is not into BTC to get fiat profits. And you also forget USA is not "the world". FED fucking around with BTC? Yeah, that's expected. From the very first moment. |
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Not a bad plan to average in over months, if not years. The profit taking plan part is an idea worth investigating. Let's say you bought BTC100 at $10, then you could sell 10 % now at $100 to recoup your investment and still keep the remaining BTC90. But what are you going to do with $1000 anyway? Spend it on useless fun stuff you forget about in a few months? Put it in a savings account and get 0% interest while its value is being inflated away and the bank where your account is rakes in profit from it by gambling on a stock and derivatives market ballooned by QE? Besides Cashing in to fiat would bring with it a tax liability would it not?
This. Very well put. I also think the key point in here is what Blitz wrote a little earlier: It's true that if you are comfortable with losing the entire wealth you have stored in Bitcoin, it is a good strategy to lock it away for years and let it go to 0 or 10000.
I would add that investing more than you can afford to lose in "beta software" is plain and simply foolish. |
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No coins rushed to the exchange after the Dwolla news. Fiat rushed out ($4M instantly vanished from the order book), but BTC did not rush in (almost no change in the ask sum) - which makes sense, if you use Dwolla there's no point in exchanging your un-seizable currency for seizable fiat. I guess these were just speculators who rapidly reacted to these news to sell high and buy low - I personally did that as soon as I read those news. I made a market sell at $116ish and I bought back shortly after at $109ish. I guess many traders did exactly the same thing. Let's see how this situation unfolds.
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