its not a scam, but they are delaying the release date because they are mining at their own, with your asics
So it's a scam but not really a scam? Awesome logic. |
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...the market, ... buy and hold, ... not more than you can afford to lose. ... go back to Fiat.... the next rally ... the fundamentals ... hold. Long-term,
Ultimately this is all pointless, as again they’re repeating magic words back and forth: securities, stocks, bids, investments, shares, escrow, profit. None of it actually does anything, none of it goes anywhere, they’re trading chits because that’s what they’ve seen the real investors do.you see to make fun of somebody you must at least understand them. |
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I'd say it's time to bring the article back now.
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Three words: Dead cat bounce.
Geez how many times can a dead cat bounce? I think he must have bounced at least 20 times already since the crash if we listen to the regular bears around here. Seems like the cat's quite alive and kicking to me.  This is the 2nd time. |
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Two words:
Panic buying.
Steady on boy!
Three words: Dead cat bounce. I knew there was a reason I'd ignored you  At least don't ignore the charts.  I'd be surprised if it even manages to reach the channel edge. |
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Two words:
Panic buying.
Steady on boy!
Three words: Dead cat bounce. |
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Not rally, the price of bitcoin is irrelevant to the fact.
For me personally the more money there is in it and the more predictable the better. Doing great so far.
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Its not over until there aren't lower lows.
First lesson you learn in Wall Street: "You don't buy new lows, you don't sell new highs" Nick Colas This isn't wall street, its a cargo cult. |
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Thrown away all your money yet?
My problem is that my trading emporium makes more every day, and currently bitcoin is the major beneficiary of this new money. Sell all your coin at $80 now, 60% in 8 hours is unsustainable. I won't bother with manual trading any more. |
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Its not over until there aren't lower lows.
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proudhon says now is the time to buy. he's been right before
mo, peoudhon is predicting single digits, lol In another thread he said just an hour or so ago that the new low is $50. I believe that is what op was referring to. He's playing you guys like a fiddle. |
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Looks like $50 will be the bottom.
Yes I am like all in. |
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Thrown away all your money yet?
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Oh well, I think we're about to see another bounce. I'll try and catch it at the top, I guess.
Gox, you suck!
lol good luck.  |
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I want to make something very clear here: I wasn't against bitpay until I noticed how their business model works.
They publicly admitted on numerous occasions that they "play the market" with their clients coins (ie: "short squeezing" pirate). So essentially they increase the volatility of the bitcoin price and make it more difficult to use bitcoin the way it was intended: Accepting it directly. This is subject to a positive feedback mechanism in which the higher the volatility is the more Bitcoin users will have to rely on bitpay and the more funds they have available to manipulate the bitcoin price.
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It is like Instawallet hack reducing attention on BFL scam? At the end it is two problems instead of one
My fingers are like sausages now. I know something interesting to do or computer gaming takes attention away from pain. Maybe it can be considered a form of meditation?
I don't know if this helps... http://youtu.be/Sv5iEK-IEzwThanks it was funny to watch! At least I was not typing with the fingers. I dont know what is worst typing with one hand or The Schrödinger's Cat... In macroscopic level it is possible to know what happened by absence of sound and presence of smell alone. Also the same with Bitcoin scams. They are in progress even if the box is not opened. But on quantum level. Does it really means that the process did not happen unless observed? Or that the observation causes interaction that we are unaware of? Such questions keeps my mind thinking about them and I forget everything else. Further reading: http://en.wikipedia.org/wiki/Schr%C3%B6dinger%27s_Cathttp://en.wikipedia.org/wiki/Copenhagen_interpretationThat came up with BFL and their box of fans or if they fill it with bricks and ship em eventually or not. I've come to realize that this applies to bitcoin in numerous other ways I didn't even realize yet. Like the proof of concept that was bitcoin initially and the cargo cult that grew around it. Or how satoshi made a very useful academic contribution and at the same time has enough from it to go into early retirement. All of these things can only be validated if we observe them directly and it is uncertain if we ever will.... |
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We went below $50 last week, what if this is just the start of the correction. I know it'd take a lot of real bad news but its possible. The Bitcoin price was stress tested and it crumbled but the whole bitcoin network is growing larger and stronger all the time but the powers that be could shut every (major) exchange within a month if they wanted to.
Look at this this way: During the majority of it's existence as a practical application it has been valued between sub dollar and 10 dollars. Practical uses for Bitcoin include: Silk Road, other illegal stuff, small scale money laundering and donating to your favourite website. Then there is the cargo cult which includes: Bitcoin ATMs, Bitcoin stock exchanges, cancerous endeavours like bitpay, and the army of Internet zealots preaching the gospel. They provide zero economic value and always end in disaster. (The pirate ponzi, bitcoinica, Bruce Wagner & the bitcoin show, GLBSE, etc...) |
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It is like Instawallet hack reducing attention on BFL scam? At the end it is two problems instead of one
My fingers are like sausages now. I know something interesting to do or computer gaming takes attention away from pain. Maybe it can be considered a form of meditation?
I don't know if this helps... http://youtu.be/Sv5iEK-IEzw |
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I don't really see a bottom.
If MtGox goes offline again (for any time long) or even if Bitstamp shuts down after BTC24 shuting down or any other major bitcoin FUD I can definitely see a floor of ~$30.00 being hit hard. What's your basis for that assumption? Besides managing to use major, or even and FUD in the same sentence? Now I see why "ignore" is highlighted next to your name in bright colours. If you look at the charts you can see $30 is definitely possible for a good while yet even if the rally where to continue (for a while). Yes I think bitcoin was undervalued but after the largest bitcoin exchange having to shut down under stress recently then all bitcoin needs is nudging off its pidgin stool to crash. Although if you look at the post I don't think it'd be a bad thing for bitcoin long term and the one plus two year averages will continue to grow grow against USD inflation via the block reward inflation. I still don't get how you can draw a floor at 30. I mean so long this bubble pops completely symmetric at the best. |
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If you hit your foot with a hammer you will forget about your fingers for a while.
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