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I have zero faith in NOkCoin after being a party to discussions for acquiring services to do "coin auditing" for their 20x leverage futures platform.
You guys can't say you haven't been warned about Gox and all these other failed centralised service models you insist on getting burned on.
nuff said.
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okcoin is gone
jstolfi just said they were real .... got coins? last price on ok coin was 283 which make all short margincalled, btw is that mean the coin is real ? get your coins off the exchanges now, you have clear warning. First out wins ... |
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to me, there are just 2 remaining levels at which this prolonged 1.5 yr bear mkt will stop; here at final support, or, at a double bottom down near 160. it's a coin toss but it's possible we've just had the bottom:  Hmm. Wondering whether a complete meltdown at OKCoin would be enough to flash-crash a 2nd bear market bottom. or it could gap up because the source of all the fake 'future' coins has finally blown up on settlement |
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okcoin is gone
jstolfi just said they were real .... got coins? |
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Now that is bullish news. We all know what comes after regulation! yes, gaming the regulations, looking for loopholes and digital work-arounds can begin in earnest. Bitcoin2.0. |
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Not sure I've seen this thread so dead.
Even the bears are bored.
Everyone's on the new forum xD (but you gotta pay to join!) that's misleading, you have to put up a bond. |
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Why do I get the feeling that everyone on this thread is an obsessive gambler, but no one ever wants to be truly wealthy?
For all the fkn around with bitcoin you guys do day trading (and mostly losing), I could have pointed you to at least 5 stocks that in 2014 would have doubled your money going long and holding.
where were you in 2010 genius? |
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Realized fiat gains are taxable about anywhere. Just saying you wish you could hide from the taxes is less noble than asking what tax haven island you can move to. This is false. Germany has 0% cap. gains after 1 year holding, Switzerland has 0% on foreign currency gains, Hong Kong, Singapore are similar and NZ has 0% capital gains if the asset was acquired without an "intent" to trade for profit. |
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Interesting all these coins being bought with no long margin  people pulling the funds off exchanges before one of them goes bust losing coins "down the back of the sofa" |
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I don't see how, they hired some head guy from the Obama admin involved with "IT technologies" who must have overseen the pillorying of Snowden and turned a blind eye to god only knows what other abuses coming out of the NSA, FISA, FBI and Dept. of Justice regarding privacy violations and 4th amendment crimes. I'm certainly no fan of the current administration but if what 's in the release below is accurate then he doesn't seem like such a bad guy. Any specific sources you can cite regarding your thoughts? https://newsoffice.mit.edu/2015/brian-forde-media-lab-director-digital-currency-0415you missed the Snowden affair? and the charges of traitor from Obama admin? gonna be difficult to whitewash any cowards who weren't running a mile or blowing their own whistles inside that admin I afraid, without looking like just another coward in a long line of apologists supporting the status quo. |
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Will we finally see some asks today?  Amateur, yes. But this is bitcoin. um, no it is actually wall st. fumbling around with bitcoin ... 2 weeks for paperwork?? the only reason BIT exists is because most of the investors are too stupid to manage their own coins or seek out liquidity ... amateur, yes. No, the amateur part is Barry's communications. BIT and Grayscale hired people to transfer the shares and didn't ask how long it would take. A google search will tell you that it takes up to 6 weeks to get shares transferred. But they went on twitter and told the press and people at dinner parties that GBTC was going "live" and that it was going to be trading in Q4 of 2014 or Q1 of 2015. The amateur part is constantly making irresponsible remarks that aren't true in an attempt to hype bitcoin/BIT related projects. For example, look at this https://twitter.com/barrysilbert/status/509437470463647744He posts stuff like this all the time. Terribly researched, false information. Or blind guesses. (But he added a question mark at the end so it's OK!) Ok point made, Wall St. is a bunch of amateurs wearing suits, see GFC 2008. Fact remains, it has all the appearances that they are fumbling around with bitcoin which settles globally, irrevocably in <60min. |
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I don't see how, they hired some head guy from the Obama admin involved with "IT technologies" who must have overseen the pillorying of Snowden and turned a blind eye to god only knows what other abuses coming out of the NSA, FISA, FBI and Dept. of Justice regarding privacy violations and 4th amendment crimes. |
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I keep talking to regulators at conferences who believe bitcoin simply must change to bring it in line with other payment systems “Sorry to be a wet blanket. Writing a description [of Bitcoin] for general audiences is bloody hard. There’s nothing to relate it to.”
“If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.” Stop talking to them if they don't get it. There is no requirement to pander to your lessers. |
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not a cult, not a cult, not a cult
It worked for Steve Jobs and Bill Gates. cult of the federal reserve false gold works very well indeed, look how brainwashed resident pumpkin head is. |
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http://www.scribd.com/doc/60553686/GAO-Fed-Investigation#outer_page_144Citigroup – $2.513 trillion
Morgan Stanley – $2.041 trillion
Merrill Lynch – $1.949 trillion
Bank of America – $1.344 trillion
Barclays PLC – $868 billion
Bear Sterns – $853 billion
Goldman Sachs – $814 billion
Royal Bank of Scotland – $541 billion
JP Morgan Chase – $391 billion
Deutsche Bank – $354 billion
UBS – $287 billion
Credit Suisse – $262 billion
Lehman Brothers – $183 billion
Bank of Scotland – $181 billion
BNP Paribas – $175 billion
Wells Fargo – $159 billion
Dexia – $159 billion
Wachovia – $142 billion
Dresdner Bank – $135 billion
Societe Generale – $124 billion
“All Other Borrowers” – $2.639 trillion
The "conductor" hard at work making the economy play for you ... um, well not so much you, but you get the picture, right? right?! NB: a trillion is a thousand thousand millions, a billion is a thousand millions. For all those doctors, teachers, dentists, nurses, soldiers and fireman who believe they needed stability in their value systems, it's a lot of pumpkins.
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what are you talking about?
what does the fact that oil is sold in dollars has to do with the fact that the federal reserve prints money and distorts prices just so everything would be 2% more expensive?
money DOES NOT need to be stable, it NEEDS to reflect reality which means letting prices go both up and down according to supply and demand.
you want Janet Yellen to create a fantasy world for you where everything is stable but THATS NOT reality!
anyone who makes business plans based on this stability fantasy will eventually find out the whole economy was built on a house of cards.
You're just dumb as an ox, aren't you? The fed doesn't distort or regulate the prices of consumer products, the free market creates prices in our everyday life. The fed regulates that the availability of dollars would be in par with the availability of oil. Because oil is so important in the economy, it can set the overall tune of monetary value. For the economy to be effective, different parts of it have to be in tune with one another. There has to be similar understanding of value, to give it numerical form and to put it into equations. The central bank is like a conductor in a choir to keep different instruments in harmony.
Anyway, you are a great example on why I despise the majority of bitcoiners. They are like the Bolsheviks were, eager for revolution but just too dumb to understand the causes and solutions for the current problems, so instead of helping the society, they created a whole set of new problems, that are even worse then before. The media’s inscrutable brush-off of the Government Accounting Office’s recently released audit of the Federal Reserve has raised many questions about the Fed’s goings-on since the financial crisis began in 2008.
The audit of the Fed’s emergency lending programs was scarcely reported by mainstream media – albeit the results are undoubtedly newsworthy. It is the first audit of the Fed in United States history since its beginnings in 1913. The findings verify that over $16 trillion was allocated to corporations and banks internationally, purportedly for “financial assistance” during and after the 2008 fiscal crisis. All that vitriol to deceptively misrepresent and deceive in the defense of a dying, corrupt sclerotic system. Do you have anything positive to leave behind for the world old man? Besides the delusions of stability and sweet and light in your centrally-planned utopia? |
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Look at what happened to bitcoin in USA since Fed/wall st. took an interest, it died.
yes, i think they are interfering in the Bitcoin price mkt thru derivatives. but i don't think it is sustainable and they most likely will get whiplashed to the tune of millions of losses when the mkt turns up. we all should be keeping a close eye out for the first derivatives exchange (here's looking at you BFX) that does a force majeure that forces settlement in USD as opposed to BTC from the lack of available BTC needed to be covered. if their algos keep a continually falling lid on prices and price perceptions such that the market never "turns up" materially, funded by unlimited supplies of fiat only, then it is an effective social/economic attack that will inevitably sideline bitcoin as a useful currency. The exchanges that facilitate manipulative pricing algorithms on their platforms are accomplices in this attack on bitcoin and imho should be treated as such. NB: this has nothing to do with my support for implementing 2-way pegs in the protocol. except that shorting requires borrowing existing BTC on the exchange of which there is only a theoretically limited supply. this is where naked shorting potentially enters the picture and any exchange who allows this should be black balled and reported to the authorities for illegal practices hopefully to be shut down. but of course, getting them to do anything is another story. and yes, i think you're allowing the bear mkt to influence your perception that Bitcoin isn't working in the US. Bitcoin cannot not work in an isolated geographical region imo. it will route around that area until it forces capitulation of affected area. I've been through at least 3 bitcoin bear markets (maybe 4?) so I don't think it is doom colouring my perception. Coinbase and Circle are nothing more than revamped PayPals built on top of bitcoin, not sure that BitPay is that much better. End user solutions that maximise the decentralisation benefits of bitcoin's digital cash are not even on the drawing board in USA because of absolute obsequiousness towards the Almighty State dictat there. Inviting regulation when there was an opportunity for gaining the moral high-ground through legitimate civilian disobedience against the prevalent government push towards ubiquitous financial surveillance is a major error and missed opportunity. The bankster attack dogs will gladly regulate (and fraudulently trade for profit) bitcoin to its obscurity, just like they have done with gold. |
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Look at what happened to bitcoin in USA since Fed/wall st. took an interest, it died.
yes, i think they are interfering in the Bitcoin price mkt thru derivatives. but i don't think it is sustainable and they most likely will get whiplashed to the tune of millions of losses when the mkt turns up. we all should be keeping a close eye out for the first derivatives exchange (here's looking at you BFX) that does a force majeure that forces settlement in USD as opposed to BTC from the lack of available BTC needed to be covered. if their algos keep a continually falling lid on prices and price perceptions such that the market never "turns up" materially, funded by unlimited supplies of fiat only, then it is an effective social/economic attack that will inevitably sideline bitcoin as a useful currency. The exchanges that facilitate manipulative pricing algorithms on their platforms are accomplices in this attack on bitcoin and imho should be treated as such. NB: this has nothing to do with my support for implementing 2-way pegs in the protocol. |
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