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381  Economy / Speculation / Re: Yeah. Im in the money! on: February 13, 2013, 11:16:44 PM
it was just the closest example in relation to BTC, sure i wouldnt say it is terrorism either but still it made the price go up not down and it was a "threat" against a presidential candidate
382  Economy / Speculation / Re: Yeah. Im in the money! on: February 13, 2013, 10:57:19 PM
also want to add to humanitees post and say that terrorism cant even stop bitcoins, matter of fact it drove the price up

if i remember correctly anonymous made a threat to romney to release his tax forms if they werent sent 1.0M USD in bitcoins,

I remember that day clearly
383  Economy / Speculation / Re: Yeah. Im in the money! on: February 13, 2013, 09:41:29 PM
Ya why do I not believe you evolve?

I know many day traders and guess what they are all mostly awful at trading or have track records sub 50-60% correct in trading decisions, I can safely say that I do not waste my time day trading at all and have made 1100% since my initial investment,

also hows your zombie fund going? i would equate that to a tin can in front of a homeless person, maybe ill be kind and throw in .2 bitcents in there for you

spread all the fud you want, you look moronic saying hey sell all bitcoins right now! it only has been doing amazing this past year and right now is definitely the time to sell, Despite that others are selling 50K coins at a time and its not moving the market at all, selling anything under 1k is definitely a smart idea

your fighting for the wrong side, so the only explanations are 1, You suck at trading and only have lost money with bitcoin hence why you hate it so much , or 2. You want more coins at a cheaper price spreading fud like this,

384  Economy / Speculation / Re: bubble or bulltrap? on: February 13, 2013, 09:36:04 PM
Smiley No that is very high risk. You are right I dont need BTC with or without it I will be fine. My business is salvaging pleasure boats. I buy them with bad transoms or engines or out drives then strip them down for parts.  

youareanidiot.org
385  Economy / Speculation / Re: Yeah. Im in the money! on: February 13, 2013, 09:15:48 PM
If I were you, I'd cash out now before you get left holding the bag...again.

Ya man cash out... Honestly what bag are you talking about? you mean the huge bag of money that bitcoins turn into from just holding them?

seriously, where did you sell that you are so sad that you cant buy back in lower
386  Economy / Speculation / Re: BTC price shooting up to $24/BTC on: February 12, 2013, 11:39:40 PM
ill put 250 USD  on that,

im on the over saying that we will be over 20+, can go into finer detail if wanted but i am saying any number of 20+ if your saying under, 20.00/20.01 included,

also would be willing to do a 2:1 type payout to whoever can get closest to the price 3 months from now? this is up to you,
387  Economy / Speculation / Re: BTC price shooting up to $24/BTC on: February 12, 2013, 11:33:03 PM
no sorry I only participate in bets that I'm certain I'll win, and predicting btc price is not one of those Wink

Well thats no fun, that kind of eliminates you most/all bets considering most things in life have no certainty,

your guess is as good as mine if you want to throw a bet down i can match and I will pay out,
388  Economy / Speculation / Re: BTC price shooting up to $24/BTC on: February 12, 2013, 10:37:05 PM
am I late to this bet? since I've seen 24.60 transactions several minutes ago...

Ya man your not to late ill sill take bets and pay out even though it already happened....(Sarcasm)

No this is no longer a live bet since it dropped to 24.50, only person to reply to me didnt want to wager 2 btc,

You care to set a stake and go for the 250 that i stated originally?
389  Economy / Speculation / Re: BTC price shooting up to $24/BTC on: February 12, 2013, 09:16:43 PM
pmed
390  Economy / Speculation / Re: BTC price shooting up to $24/BTC on: February 12, 2013, 08:39:00 PM


What does greed have to do with this at all? or the reference with musical chairs?

...

Bitcoin is going up. Why ? Because fundamentally it has to just like gold and silver did,

this is true. but greed is a quantifiable thing. take that the bitcoin market behaves in an extremely volatile manner compared to commodities with massive market caps:

the basic hypothesis is that people are irrational and will overestimate rewards vs risk. this will manifest itself in a game of musical chairs where everyone plays along until we reach a really unstable state where everyone rushes to sell sell sell. last one out loses (net loss) because trading is a zero-sum game. this state is "unstable" as the price exhibits extreme volatility, which sometimes can hide the underlying deflation.

while this occurs in all markets, with bitcoin it is exacerbated by the smallness of the market cap. the mechanism for this is related to the interplay between the relative sizes of the trade volume and the market cap. (if mean volume is large in proportion to the market cap, single buys and sells more drastically affect the market).

in other words, this rally could be a 'fluctuation' much larger than the underlying deflationary nature that gold and silver exhibit. the btcusd rate should increase over time, but that does not necessarily mean that this price event is due to that effect.

it could just as easily be musical chairs...

also

Quote
I dont understand how greed would come into play here, and like most who have followed bitcoin the situation we are in now is 100000000000x different than the crash we experienced 1 year ago

>the situation we are in now is 100000000000x different
>100000000000x different



Alright im pretty sick and tired of this greed shit, You think that bitcoin is being manipulated heavily right now? are you willing to wager, I will put 250 USD bet on the fact that Bitcoin will not go below 24.75 in the next 5 days, even with the RSI as high as it is, I believe right now most news is good and relative stability is what we have been seeing,

You want to talk shit or put money where your mouth is because if you want to wager more im willing to.

Edit:

Looks like a good time as we are seeing some drops but the bet is still live,
391  Economy / Speculation / Re: BTC price shooting up to $24/BTC on: February 12, 2013, 04:10:24 AM
oh really im the sucker? please let me know if my "how can we not go up" statement has been wrong this past year,

Oh wait no it hasnt. Like you super bears im on the other side of the spectrum and would say im a super bull, doesnt mean im not going to change my position if the market says so, right now it is Retarded to be a bear so why would i be fighting for the losing side,

Til the market says otherwise Im speaking on behalf of the drection its moving, til it happens Im a bull
392  Economy / Speculation / Re: BTC price shooting up to $24/BTC on: February 12, 2013, 02:14:52 AM
 Store of value - To act as a store of value, these forms must be able to be saved and retrieved at a later time, and be predictably useful when retrieved.

this is dictionary definition of store of value,

No where does it say it has to be physical or non physical

Hm I can store my bitcoins in my wallet, and retrieve them at a later time, damn these things cant be that useful (Sarcasm) the current price is only 24.41 ? Weird
393  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: February 12, 2013, 02:04:27 AM
Selling immediately after the initial sell off is PANIC SELLING,

People prone to panic buying are prone to panic selling.

Just sain'

Probably...
394  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: February 12, 2013, 12:52:46 AM
I would sell none,

if the price dropped 4 dollars in one day I would assume a big player just left the market, meaning cheaper coins to be bought up,

after it retraced a few dollars and maybe a few more days of waiting I would considering selling if the trend actually reversed

Selling immediately after the initial sell off is PANIC SELLING,

395  Economy / Speculation / Re: BTC price shooting up to $24/BTC on: February 12, 2013, 12:26:58 AM
People are taking a look at Bitcoin now, a year or so later, and it is going strong.
The code is good. Community is growing.... Their trust factor increases.
The decision to park some wealth in bitcoins is made.

This is happening at a growing rate. Consequently the price per coin is going up.

Bitcoin, like gold, is a value store. ... easy transactions are just a bonus.





Now this is something I would +1

Every passing day the strongest hands involved in bitcoin are getting stronger, veteran small ballers are getting rich, Anyone involved in bitcoin the past year is getting rich, in no way will bitcoin be valueless til EVERYONE meaning all 100% of those involved in bitcoin says so, so even if 2 are involved it is still valuable to those 2,

See you all at 1000 ill be on my island,
396  Economy / Speculation / Re: BTC price shooting up to $24/BTC on: February 12, 2013, 12:15:17 AM
the only logical answer that was said here was supply and demand,

I dont understand how greed would come into play here, and like most who have followed bitcoin the situation we are in now is 100000000000x different than the crash we experienced 1 year ago, the run up and down happened in such a short period of time and  back then all it took was one big sell/buy to cause the market to panic in either direction because of how few were involved in bitcoin

What does greed have to do with this at all? or the reference with musical chairs?

bitcoin aside of getting press from some decent sources mainly because of how well it is performing to other financial assets, securities, you name it bitcoin is beating it. but where does greed fall into the mix? its not like MTGox,someone who has a insane amount of coins or DPR of SR are going around on every forum advocating to the world how amazing bitcoin is, the world is just slowly realizing it one by one as people see the true benefit to bitcoin

Lol @ your comments man seriously, Gold and Silver being over priced? it just makes sense when something that is limited in supply starts being bought up, not to mention that a majority of the stuff is stashed away in banks or reserves so what there is available to be bought is limited, as well as the limited amount of new gold/silver being introduced, With a setup like this how can the price not go up?

Bitcoin is essentially the same as gold, it is mined, big stashes of it are stored away by big players, and now people are beginning to notice it, its only a matter of time til bitcoin destroys its last high of 32 and it will hopefully get there in a slow and steady fashion like it has been doing the past year,

You say that anyones guess is good but that isnt true when someone also says one of the options is wizards,

Bitcoin is going up. Why ? Because fundamentally it has to just like gold and silver did,
397  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: February 10, 2013, 11:00:29 PM
these sell offs are weak as shit!!!!! it recoups so fast and the somewhat stable price is leading me to believe that 30-50 is certainly do-able in the next 3-4 month period

Up is where we are headed!!!!!!!!!!!!!!1eleventy1111
398  Economy / Service Discussion / Re: Satoshi Dice -- Statistical Analysis on: February 10, 2013, 01:29:33 AM
The following addresses contributed approximately 40,000BTC to S.DICE's profits.

This is how much they have left.

Code:
                                      Remaining
15HJgkvj6roZQvNRC3pUJNKP2YgfEuD8wo      0BTC
17sjYPaYJAvtwXM2q5ojzrCiYewnQMBi9y      0BTC
1A3z7M6GhpUejQ5eqgSyjVWRuezeepdKKV      0BTC   
1B5h9sf6xNLYGa3NBk48hwYbxyNZ22PRJk      0BTC   
1DBH7Xum2re7LXd8YNSe1uRznttsqeMXGK      0BTC
1Di6ux3CQBNXCZLD76BsnYWDo6XnFGzQah   1649BTC
1EP4rM8hLZCRSWPNZDWJp9zdvmoWYkkgbQ     31BTC
1MxgyKiKiHEemMUTJuq9NAbjmhKnUL5Ric      0BTC

Any questions?

Wow interesting ive seen the 1Di6ux address play a few times and have seen him/her lose some substantial coins and also gain as well, Im surprised that their wallet doesnt have more coins in it than 1.6K
399  Economy / Speculation / Re: Does this forum have bears? on: February 10, 2013, 12:58:41 AM
Dude lol.. I was being sarcastic,

Torrenting is still strongly present and even when someone is persecuted for it, it does nothing to the masses,

next time ill italicize my sarcasm for clarification

Edit:

Lol on the money, Definite sarcasm, both points i was saying are invalid since the idea of bitcoin in the sense of peer to peer sharing already exists through torrents and it is impossible to stop, it would only make sense for bitcoin to be as equally as hard to put an end to, I also said it would take centuries to get a law passed banning bitcoins considering it takes forever to get simple laws passed in our current form / state of govt,

bitcoin will also never be 0.00 as long as businesses operating using bitcoin as a currency are still operational only til everyone involved says bitcoin is worthless will it then be worthless,
400  Economy / Speculation / Re: Does this forum have bears? on: February 10, 2013, 12:36:45 AM
how can there be bears in this market? look at the past year for bitcoin

bears are only bears for several reasons,
1) they follow bitcoin and have no money so hate the fact that others are gaining from it,
2) bad at trading and always make losing decisions while holding their position would have yielded more profit,
3) want to buy in at a lower price

not to discredit lucif i dont follow his line graphing i just think the whole idea of it is bogus my image is just someone throwing darts around the current price and then connecting the dots after the fact and then relaying that information on, same premise of line graphing, Fortune telling and we all know how real Ms.Cleo was at the low low price of 1 dollar per minute

also agree with the post above for credible bears there are none cause how can you have lost within the bitcoin market if you bought 1 year ago and buried your laptop in the workroom and then come back today to find out its 10X its value?


in relation to the article,

DOJ did a very good job at stopping torrenting and peer to peer file sharing im sure bitcoin will be as easy to put out, Ban BTC in the USA? its going to take a friggen century to get something like that passed as a serious law considering it takes simple ones decades,

Price to 0? Sure thats definitely possible as well.. considering some of the most profitable businesses in BTC are only raking in serious money and are not just making their livelihood off bitcoin, as long as people rely on BTC as part of their income the price will be above 0.00
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