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The next "bubble" will be fucking huge and worth the wait.
So... Leveraged long, huh? *Was going to start with "Hate to ask," but I try not to lie unless it's absolutely necessary convenient ...OK, fuckit, won't lie: Having way too much fun at your expense  I make money constantly via various arbitrage opportunities. Even if BTC drops below 200 I will continue to make bank and simultaneously rack up more coin. ... "Via various arbitrage opportunities," huh? An moar culchud way of saying "Yes, leveraged long and shitting myself a little as we speak" |
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The next "bubble" will be fucking huge and worth the wait.
So... Leveraged long, huh? *Was going to start with "Hate to ask," but I try not to lie unless it's absolutely necessary convenient ...OK, fuckit, won't lie: Having way too much fun at your expense |
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Seriously though, what's with the drop, was there some sort of news I missed or something? Last I checked 380-370 seemed to be holding strong as the low
You heard the US is auctioning 50000 more silk road bitcoins in early December right? I did not. Thanks. But it's really bullish news because it will be sold @ above market to really strong hands and ...wait... How does that go again? |
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Back to 350, gentlemen. On one hand, I understand how this could be problematic for some of you, but on the other...  |
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... the next 2 hours should finally see some bullish action. are critical.
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Many, many, many people. The technology itself is very impressive as are the non-blackmarket uses. It would be useful for those who doubt the uses to do some research and reading on it!
The same FUD has been going on here (and elsewhere) since (at least) fall 2010. "Bitcoin will never hit dollar parity, it is a fad, a ponzi, unfairly distributed, not useful, will crash, won't get miners...etc".
I'm not arguing that the technology isn't impressive. It's a workable, though somewhat Goldbergian solution to a riddle. But a world currency it is not. Many here don't understand what money is beyond "the evol banksters print it out of thin air and I'm getting screwed!" Economic Luddites who want to unwind centuries of progress and return to some ancap/liber hypothetical ideal that falls apart at the first sight of reality. |
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Does anyone honestly believe otherwise?
Me. I am honest. I think that satoshi couldn't imagine such an evolution for bitcoin, and couldn't imagine the black market thing. I sometimes think that he just took this as an experiment, just some more than a joke, and that he in fact lost the private keys for his btc stash... but I never think that he created btc to buy weed online I was being a bit facetious, what I actually think is pretty dull, and goes like this: Bitcoin was initially an experiment, a troll on the established notions/preconceptions of what money is. That's what originally drew me in--it was both clever and hilarious, what's not to [geek] love? But he certainly never set out to create dominant currency of the world--that sort of thinking came much later, from the penny stock speculator crowd. |
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... Thanks Walsoraj for that RIPPLE link, pretty interesting. Maybe we can have further discussions about this technology in here!  I would love to hear what JayJuanGee thinks about it!  |
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If Bitcoin hits 100, it will be game over for sure. ...
I doubt it will be "game over." Sure, there might be some weirdness with confirm time if it's a sudden plunge & miners shut down their farms en masse. And it might be "game over" as far as Pinky and the Brain world-domination fantasies that permabulls keep trotting out. But, as long as there are a few guys mining, Bitcoin will serve the purpose for which it was created--small-scale blackmarket commerce. $100/BTC is just about right for that. Do you really think satoshi created bitcoin for small-scale blackmarket online commerce? Does anyone honestly believe otherwise? |
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...  Yaaay!  Ahhaha , yes  . I'm not a dumper .... and you ? Dumper?! When I hear the word "trader," I reach for my Mouser!  |
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Is it totally implausible that agents of a Central Bank could be quietly buying BTC and systematically dumping at a loss at precise times in order to suppress price?
... Implausible? It's a scientifically proven fact.  ~Your Beneficent Reptilian Overlords. |
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If Bitcoin hits 100, it will be game over for sure. ...
I doubt it will be "game over." Sure, there might be some weirdness with confirm time if it's a sudden plunge & miners shut down their farms en masse. And it might be "game over" as far as Pinky and the Brain world-domination fantasies that permabulls keep trotting out. But, as long as there are a few guys mining, Bitcoin will serve the purpose for which it was created--small-scale blackmarket commerce. $100/BTC is just about right for that. |
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... Yaaay! |
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... the next 2 hours should finally see some bullish action. are critical.
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This RIPPLE thing sounds pretty interesting, could somebody please tell me something about it! Thanks
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...we don't need ego tantrums...
But that's the defining quality of Bitcoin! |
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I don't know in what bitcoin world you live, but you can buy a lot of things with bitcoin now ... Amazon via purse.io, food (and i live in paris, i can have several different types of food delivered for bitcoin), electronics, clothes. Gift cards that allow to buy in different stores.
However, i have to recognize that it's not "Very easy" yet.
Not easy (for anyone outside our core community of fanatics), and not practical. Hence why nobody is doing it aside for the occasional novelty factor, or when a site like newegg offers a discount (rare). ...and once you factor in that everything (other than meh drugs @meh prices & wait &...) is also available via conventional payment methods with chargeback/security, why would anyone go through the hassle of converting fiat->BTC? |
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Bullmarket off   Yes. In case you didn't notice, it's been off for 11 months now. You're right. Fiat leaving the market; lousy pump to dump ratio  |
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Looks like SA sent their fourth string. Or worse, it's the Onion staff.
>thinking SA ot The Onion care enough to send a mailroom boy Such self-importance  |
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