Still hold my bitcoins , but i am panicked now. I paid $800 per bitcoin.  I had a friend that bought at nearly 200, then it dropped to 75. She held hers and is doing fine. I panicked and sold a bunch at 75. Never again. Be strong and remember why you got into Bitcoin. I bought mine at $15 and then they were down to $1 if I remember correctly. And I was broke and couldn't buy any more. Ha! I was in the same boat. I was lucky to afford to buy $20 worth a paycheck. But you know, I think we will see the same performance in the next three years we saw in the last two years. Every little bit helps. |
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I continue to theorize the Bitcoin itself is not much of a threat due to it's immature and rushed design, but it opens a door to a host of solutions which are indeed quite threatening in that it has induced a lot of 'mindshare' to work on developments in this sphere and to accept the utility of such solutions.
Biologists say the same sorts of things about life. Look at how imperfect we are. Yet, we are highly adaptable due to our simplicity. Some people say there are weaknesses such as Transaction Malleability, but I have little doubt that they will be repurposed into useful functions. All life is built on four DNA letters. Simple systems merge and become complex systems. If one component fails to adapt, the organism develops alternate systems. I think Bitcoin's simplicity is its greatest strength. |
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I wonder why there was no volume and no price chang on Saturday, and so much of it today. Perhaps:
Over the years here is the general trend, if it matters: 1) price generally rose, with early-week being strong buy days. This was apparently because cash sent to Gox anytime during the week often became available in one's account Monday-Wednesday, and people bought as soon as their cash hit their account. 2) this got slowly pushed back until Monday became (and I believe statistically may still be) the strongest buy day. I have seen statistics posted here several times with either Sunday or Monday as highest buy days, Thursday biggest sell days. 3) so gradually people started buying late Sunday night in anticipation of Monday morning. They had been storing cash to front-run the coming buys. 4) this was fairly quickly pushed back further until many buys started happening @ noon (EST) Sunday 5) around the time between #3-4 the Chinese entered the market in larger numbers. Whether it is the cause or not is unknown but larger buys/sells began happening between 2-7AM EST (when the West was apparently sleeping). 6) With the rise in popularity of Bitcoin, skyrocketing price and amount/impact of news it seems harder to find a general pattern in the buys/sells but perhaps Sunday remains a sentimental day for action. nailed it |
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yes get the government involved so we can no longer have privacy and taxless transactions. Morons...
You are forgetting about one thing. Bitcoin  Governments can have their own cryprocurrency just like they have their own fiat currency. That incentivizes larger competing governments to attack the cryptocurrencies of smaller governments to exploit them. It's better to issue colored coins on the Bitcoin blockchain for the added security. Sure, governments could use pure PoS, but that would expose them to bad agents in their own government. Colored coins can be more easily managed and recolored for economic controls. OK, don't laugh at me but.... What are colored coins??? It is a layer over Bitcoin using metadata to issue coins as small as one Satoshi using the Bitcoin Blockchain. The color means that you add counterparty risk to back the coin. It can be anything from stock, to metals, or even fiat. OK, sounds interesting. Any colored coins out there? There are colored coin wallets to create your own, but they are still using testnet coins in beta. You know, if there weren't so many people trying to compete with Bitcoin and stealing its thunder to make a quick buck, then maybe more would be actually helping with the actual Bitcoin products. Hullcoin is another failure to understand this. |
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yes get the government involved so we can no longer have privacy and taxless transactions. Morons...
You are forgetting about one thing. Bitcoin Governments can have their own cryprocurrency just like they have their own fiat currency. That incentivizes larger competing governments to attack the cryptocurrencies of smaller governments to exploit them. It's better to issue colored coins on the Bitcoin blockchain for the added security. Sure, governments could use pure PoS, but that would expose them to bad agents in their own government. Colored coins can be more easily managed and recolored for economic controls. OK, don't laugh at me but.... What are colored coins??? It is a layer over Bitcoin using metadata to issue coins as small as one Satoshi using the Bitcoin Blockchain. The color means that you add counterparty risk to back the coin. It can be anything from stock, to metals, or even fiat. |
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Still hold my bitcoins , but i am panicked now. I paid $800 per bitcoin. I had a friend that bought at nearly 200, then it dropped to 75. She held hers and is doing fine. I panicked and sold a bunch at 75. Never again. Be strong and remember why you got into Bitcoin. |
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Apple Records boycotted Apple's iTunes for nine years.
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It's a Bitcoin version of Hodor!
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yes get the government involved so we can no longer have privacy and taxless transactions. Morons...
You are forgetting about one thing. Bitcoin Governments can have their own cryprocurrency just like they have their own fiat currency. That incentivizes larger competing governments to attack the cryptocurrencies of smaller governments to exploit them. It's better to issue colored coins on the Bitcoin blockchain for the added security. Sure, governments could use pure PoS, but that would expose them to bad agents in their own government. Colored coins can be more easily managed and recolored for economic controls. |
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You don't need professional tools. That's like going to a weather website to see what is outside your window. |
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Joke all you want. Defense departments develop for every technology. They even had psychic departments in the drug crazed 70s.
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How hard would it be to make an app that let's you put money into a Bitcoin ATM and play casino games thereby turning them into casino machines?
You mean like slots machines that accept BTC instead of coins? EDIT: If that is the case then it will happen sooner or later  No. I mean a Robocoin or Lamassu machine sending bitcoins through your iPhone to an online or jailbroken app. |
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How hard would it be to make an app that let's you put money into a Bitcoin ATM and play casino games thereby turning them into casino machines?
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are developing future wartime scenarios on the virtual battlefields. Thank god, because I am getting very tired of real people getting blown up. Can someone tell Assad about this? Exactly! A bunch of hillbillies that use the Internet smartly because they are not a real army. Bitcoin can be used to infiltrate and neutralize them easily. |
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Speculate on price all you want. Bitcoin is a fundamental new technology. You know that global defense departments and contractors are developing future wartime scenarios on the virtual battlefields. They won't let Bitcoin die because it will justify more defense spending and they know that it requires more and more hashing to stay competitive.
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Just out of curiosity, does a new tax year for most of the world count as "major good news"?
That's the thing. As one fiscal year closes, the market in that country can't easily hedge for the next . They close their books. There is no overlap. The size of their economy determines how much the market can take up the slack. |
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I'm not a bag holder. I have someone that does that for me now.
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