I decided it would be a great idea to move .7 BTC to a wallet, encrypt it and forget the passphrase.......

The last part wasn't part of the plan lmao.

Quite a bold statement. Made me remember the good old time when someone from speculation board made a side bet of btc dropping below 500$ when the "stable" price was near 800$ and a lot of people though that he was stupid delusional bear.

Too bad they don't get a real job and then have steady money coming in to stock their own wallet up with coin instead of ramble online just to get another sock ignored.

Where can i find finex orderbook?

Two stupid threads alone today from trollypop. Why the mods allow newcomers to start threads or even bypass newb jail is beyond me. Market has changed so the troll is irrelevant at this point.

it's when trains and rockets gifs are flooded on the thread

Unfortunately for money to have store of value efficiency it must ultimately have value which with bitcoin rests again on its currency efficiency.

Miners could only store non dust UTXOs in easily accessible storage and ignore incoming txns that spend them unless the fee is worth the cost to look the UTXOs up. There are so many possibilities.   Your problem is that you are a central planner even tho you dont know it -- you are forcing a particular solution (expensive limited txns) onto the network as a whole.

I have been wondering about this too. Assuming they have a large portion east european customers (which may or not be the case): Bitcoin price is depressed, which is the same as the dollar price is pressed upwards (assuming we trade in the bitcoin/dollar pair), so: Some people use bitcoin to move dollars into east europe?

well its still possible to go to 20 dollars if the people who stole from exchanges and satoshi decide to start dumping their coins in enormous amounts, even though it has small chances of happening, its still possible

lol I wouldn't call a 1.6% going really up at Bitcoin....

I only believe you, inca..       

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If the bears don't understand or care to learn about the context of the market compared to its prior actions--that is, how the last six months has been coiling the spring of this rally--they deserve to lose money.

But we will be back to 230 by Friday.

Of course there has been a redistribution, from early adopters to piglets bagholders bitcoin enthusiasts.
Major players are quietly distributing now, they will accumulate when we'll reach double digits (or close).

What happend with his sub $200 prediction....

I think the market is in a different place technically... we really didn't get a high volume capitulation before the run to $600 last summer, so there was still excess supply waiting in the wings to bring the price down. Contrast that to the record high volume in January during the selloff to $166--that event alone was enough to make the market bullish for some time. And if you've been watching the tape, volume trailed off dramatically in May/June with multiple failed tests to the lows. If we could have sold off, it would have been then. That's enough to convince me that there aren't enough sellers to bring the price down very far, even if we fail to break $315 definitively.

There is. Just go long BTC and wait years. Free money doesn't say anything about the interest rate. (And optionally loan BTC at roughly 30% per annum return denominated in BTC at bitfinex so others can sell your BTC short)

Or the alternative is sell BTC and wait some months.

Also "free money" doesn't speak to the risk involved, e.g. the risk of being long BTC for years (your life priorities and needs change while BTC is < $100 for example) or the risk of borrowing BTC to sell short. Even doing nothing, breathing or driving in a car has risk.

Your timing and risk profile determines your choice amongst those options. For me, the optimum choice was to sell BTC for dollars at $300+. Because I need to expend the dollars over the next months on mathematicians and programmers. And I can't tolerate a drop in the dollar value, because my near-term expenses are in dollars. Also my upside is on R&D and not expending my time watching my short positions. And return of dollars is more crucial to me than riskier capital gains on dollars, because my upside is much greater on R&D with much less risk vs. reward, than on speculate investing. Others have different situations thus a different choice to make.

The interest rates have turned (as of yesterday in shocking development which has been predicted since the 1980s) which implies collapsing global liquidity, thus you don't stand a chance in hell of being correct against me and Armstrong's supercomputer with $1 billion of historical data pattern matched for periodic patterns.

inca I am not retired and when I replace Bitcoin, you can go hide under a rock.

inca, I suggest you view a volatility chart of which the recent pattern low was how in May we called for the rise to $315 (long-term trend line, now headed to $320) as well as the seasonality factor for gold which was pointed out by Armstrong.

down!!!!