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I have a bad feeling about this. I had some bitcoins pending to go to my wallet for 24 hours now.
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I kinda wonder what bears have to go by besides patterns they think they see in charts. Do they take into account current newsworthy developments. Do they take into account new potential markets opening up based on announcements? Would they be able to recognize patterns that fooled them in the past without observational bias?
But the cool thing is, when you look BACK at the charts, you COULD have predicted every single move. The success rate for backwards prediction is always pretty damn close to 100 percent  So the theory goes like this: 1) We're in a bubble. We must be, since prices are going up beyond what I feel comfortable with. 2) Since we're in a bubble, it will pop, or "correct" at some point... soon... really 3) Not sure when that correction will come, could be at $27, could be at $33, could be at $124, but when it comes, it will come. 4) Once the correction has happened, I'll let you know about it, and you'll see I was right. QED This is how the big boys play. http://www.businessinsider.com/the-richard-wyckoff-stock-trading-method-2013-2#first-some-context-trading-is-a-lot-like-any-other-merchandising-business-and-liquidity-is-important-1Yep, nothing new about that except that everybody and their aunt Gracie has been doing that for decades. Eventually, the law of diminishing returns transforms that strategy into a zero-sum game. |
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Considering that they are printing money faster than any time in history, how would we be experiencing deflation? |
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Just hope nobody swaps cards with you.  |
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I'd buy it! Improved design.  If that were not so easily perceived as racist by non-nerds, I would wear that. |
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I kinda wonder what bears have to go by besides patterns they think they see in charts. Do they take into account current newsworthy developments. Do they take into account new potential markets opening up based on announcements? Would they be able to recognize patterns that fooled them in the past without observational bias?
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I think coinbase is driving up most of this and they are out of coins atm. There are other ways to get dollars into the market, but they are not as convenient or cheap. I'll have to wait.
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Thank you. That is my new selling price for my bitcoins. |
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I wonder if they are related to the asteroid flyby?
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I'd like to see some mathematical arguments against Bitcoin but so far all I've seen is hypothetical bullshit and problems that are easily fixed with common sense.
Yes, but what if, hypothetically, there really is a mathematical argument against Bitcoin, hmmm? I know what you mean. Bitcoin is a huge paradigm shift for most people. Even people I've convinced to invest in Bitcoin and are making a lot of money still don't believe it is real. They still come up with hypothetical nonsense against the idea. |
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Meanwhile the US Government, in conjunction with the blessing of the UN and the G20 have sanctioned Bitcoin with the "new blockchain to be fair to all", reversing all past transactions, legislating that Sourceforge host their newly revised, CIA-approved version, and declaring the "new blockchain" as the one backed by the "full faith and credit of all the major countries of the world".
Ah, the old New World Order attack argument. Yeah, if the entire world falls under a single dictator and the people refuse to revolt, then we have more problems than what we use to buy our groceries. I just don't see this this happening without a lot of objections. |
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This is for educational purposes only. I do not advocate this information be used for violence or any unlawful purposes.
wink wink, nudge nudge, say no more |
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Let's add to the list after wired, tired, and expired the category fired for the writer.
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2-party anonymous escrows will make it impossible for authorities to honeypot violators.
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Don't worry, it's just talk. It's not like Congress will allow any funding for it unless they are used to build war machines.
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Are you sure it's the right wallet? Did you make a backup wallet? If someone swapped wallets with you it would appear they were gone. Hopefully you encrypted the wallet.
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There is no such thing as "stolen" bitcoins. The final authority on the ownership of bitcoins is the Bitcoin protocol, which defines ownership exclusively in terms of the ability to supply an input satisfying the output script in the block chain, typically equivalent to possession of a certain private key.
On the other hand, unauthorized (physical) access to your computer is a violation of your property rights, and entitles you to seek compensation (from the perpetrator, not third-parties) for all damages. That includes damages resulting from unauthorized use of any data found on the computer, including private bitcoin keys.
Good luck proving keys were stolen and you yourself did not spend them. Then this is not a matter of law. It is simply a matter of fact. Is it not? That's why lawyers make the big bucks. |
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There is no such thing as "stolen" bitcoins. The final authority on the ownership of bitcoins is the Bitcoin protocol, which defines ownership exclusively in terms of the ability to supply an input satisfying the output script in the block chain, typically equivalent to possession of a certain private key.
On the other hand, unauthorized (physical) access to your computer is a violation of your property rights, and entitles you to seek compensation (from the perpetrator, not third-parties) for all damages. That includes damages resulting from unauthorized use of any data found on the computer, including private bitcoin keys.
Good luck proving keys were stolen and you yourself did not spend them. |
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Since this thread started Bitcoin has seen a what, 50% ROI? I wonder what the OP did?
what goes up, must come ... you can finish the sentence. i tried to resist saying this because i get flamed.. but we are reaching bubble territory again. almost daily percentage gains is just not normal. Past performance does not predict ... you can finish the sentence. A lot has changed in 18 months. Bitcoin is still developing. |
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These articles are more and more ridicolous
Next on the news: Could Carrots replace the Dollar? If you can buy Tide and Tulips on Amazon, does that make it a multi-currency exchange? |
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