They have good low interest loans actually. I just took out a $25,000 loan at only 3% interest to buy bitcoins...
Well your rather silly move might win and it might lose, ask the OP if going all in is a wise idea  Have to say though it seems you might have better odds that gaining a profit but who knows. One thing is for sure you should never get loans to buy Bitcoin, you can't afford it bitcoin then don't buy. I smell a discrepancy in his "$25,000 dollar loan @ 3% interest" .... Either he has an income and credit rating that is good enough to allow for a 25,000 dollar credit line ... if not then he is talking about a 25,000 dollar loan from a LOAN SHARK at 3% interest a day ... side note: he needs to clarify his terms on the loan year... principal ... fix or apr etc ... There is a wide variation in income and wealth distribution across the forum. side note: time for you to go into the ignore box! |
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Good morning Bitcoinland.
Still in the $270s I see, pretty much where we were before the weekend.
I'd yawn and go back to bed except the Bitfinex situation is en eye opener.
When I try their site I get an immediate 502 error so I assume it's a DDOS attack.
I'm surprised more is not being said about it here.
This calm with the price at 270-280 is reassuring. Bitcoin is out of the bear market and now is ambling along with negligible media attention. I suspect we will drift through 300 and the media will wake up as we pass 400-500. Knowing how manipulated the market is I wouldn't be surprised if the move up from 219 to 316 was a deliberate move to break the bear trend knowing some major announcement is in the works. Accumulation prior to Gemini + ETF or something of that nature. Either way floating around at these prices with the halving roaring closer every day is fine by me. |
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"Bearish" as in is refusing to participate in the circlejerk and making fun of it, yes.
Bearish as thinking the valuation will be going down, no.
That is certainly a new definition of bearish you have concocted. |
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Been having fun gentlemen?  Sat on the beach on a nice Greek island. Waiting for moon! |
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I guess the only plausible way was to respond with "Okie doke" ??  Side note: Catching a dog with his tail between his legs =[ ... equals no joy or cigar Just so you know, you have to be especially dimwitted to think that to reach a market cap of 450billion that 450 billion dollars of investment is needed. Such a misunderstanding means you also have no idea how the stock market or markets in general work. Anyone coming out yelling 'bitcoin is a ponzi' is obviously either trolling, three years late to the bitcoin party or plain stupid. Oki dokie seems a fair response to your output on here. |
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It's obvious, to the point that it's largely ignored here because it doesn't resonate with the echo chamber.
You have been bearish about bitcoin on this forum since 2011. The reason your points are ignored is because they have proved repeatedly wrong! Keep up the elliot wave Chessnut. |
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BTC-e BTC flash crashed to $160 (while the other markets stayed at $260-$275). This is the second super flash crash on BTCe and, unlikely BFX, they don't reverse them.
(BFX flash crashed to $100, but the trades were reversed).
If this continues to happen (impossible to predict, though it should be less often as the market matures and the order book increases), you can make a decent return by placing low bids and waiting 1-3 years.
Leaving money on an exchange long term hoping for a low bid to be hit in a flash crash? Sounds like a good way to end up with nothing. |
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Back from the beach. Price flat. Longs/shorts not doing much. Right off for a cycle.  Beach? Thought you were from Birmingham mate? Yeah price flatlining atm. Pretty dull but this is a long game, we're in this for years. No rush for huge price surges, sideways = still opportunity to keep accumulating. I'm going to a party in an hour or so. Bitcoin can take a back seat until tomorrow In Greece going slowly brown Have you sold any Bitcoins to Greeks through local Bitcoins yet? They were selling for way above the market rate last week but I haven't heard how much they are selling for since the Grexit fears subsided. Somebody from Greece quoted a very high figure last week and I'm interested in hearing if it's still the same. No, just enjoying my holiday. To be honest you wouldn't know anything was afoot if you didn't turn on the tv. What is amazing is how democracy has just been ignored here. There should have been revolution. |
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National debts are never paid back. The question you should ask is if countries are so bankrupt then why aren't rates rising to price in the risk? The answer of course is that central banks are buying bonds, monetising the debt. The next question is what proportion of national debt is owned by central banks? You may be surprised to find out that the answer is quite a lot. Last time I checked the Bank of England had printed money out of thin air bought >30% of UK gilts. The situation is similar in the US and Japan is a total clusterfuck. The EU is shortly to print hundreds of billions of euros to keep rates low across the EU. Who knows what the central banks are actively doing in the markets or in terms of buying other countries debt. The end result is that as long as you have a central bank with the ability to print money from nothing and the audacity to buy up national bonds like some kind of banana republic then debt:gdp ratios mean nothing. That 30 -> 40 -> 50 % of national debt will expire. The bond payments from government to central banks are just handed back. So the end result is simple monetary inflation. As much inflation is required to stem the deflationary aftershocks still rocking the world from 2008. For anyone young it presents a problem because we cannot rely on the valuations the market is saying housing or the stock market are worth. That is one reason I like bitcoin, though I am not naive enough to think our friendly central bankers are not plotting to fuck that up, too. |
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Back from the beach. Price flat. Longs/shorts not doing much. Right off for a cycle. Beach? Thought you were from Birmingham mate? Yeah price flatlining atm. Pretty dull but this is a long game, we're in this for years. No rush for huge price surges, sideways = still opportunity to keep accumulating. I'm going to a party in an hour or so. Bitcoin can take a back seat until tomorrow In Greece going slowly brown |
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if you are worried about price on a day to day or even monthly basis you probably should not be involved
Except the price tanked by an amount that only happens at a monthly timescale under normal circumstances A few thousand coins market sold into an bidside with no depth is just giving money to those with low lying speculative bids. Glancing at the other exchanges, they unsurprisingly do not show the same volatility (bitfinex -1%). Such extreme market moves simply move clients away from smaller exchanges to those with decent volume and orderbook depth. |
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Back from the beach. Price flat. Longs/shorts not doing much. Right off for a cycle. |
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Off to the beach. If bitcoin could moon that would be pleasing. Edit: Woman taking her time. How long do you guys reckon before gemini, the ETF? Will they happen before halving? Is there a timeline for gox coins return? |
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-snip-
I was a broker before (the Internet). After that I spent many years as a network analyst in one of the larger data centers in the Midwest. Now working as a software engineer. Be happy to compare credentials, and certifications with you.
I’ll have you know I graduated top of my class in the Navy Seals, and I’ve been involved in numerous secret raids on Al-Quaeda, and I have over 300 confirmed kills. I am trained in gorilla warfare and I’m the top sniper in the entire US armed forces. You are nothing to me but just another target. I will wipe you the fuck out with precision the likes of which has never been seen before on this Earth, mark my fucking words. You think you can get away with saying that shit to me over the Internet? Think again, fucker. As we speak I am contacting my secret network of spies across the USA and your IP is being traced right now so you better prepare for the storm, maggot. The storm that wipes out the pathetic little thing you call your life. You’re fucking dead, kid. I can be anywhere, anytime, and I can kill you in over seven hundred ways, and that’s just with my bare hands. Not only am I extensively trained in unarmed combat, but I have access to the entire arsenal of the United States Marine Corps and I will use it to its full extent to wipe your miserable ass off the face of the continent, you little shit. If only you could have known what unholy retribution your little “clever” comment was about to bring down upon you, maybe you would have held your fucking tongue. But you couldn’t, you didn’t, and now you’re paying the price, you goddamn idiot. I will shit fury all over you and you will drown in it. You’re fucking dead, kiddo.[/size] There. Who got the girthiest E-wiener now?  The Cloud is a term used by people who don't understand information technology, or they are trying to sell it. It was invented as a sales gimmick to lure smaller business to outsource IT jobs and supposedly save money. In the end it can cause bigger problems. Less control over your data, bandwidth overages, security issues, and long outages when you need fast support.
-snip-
TL;DR: "My real trading career fizzled, so I tried my luck at being a "network analyst," back when that meant "guy who has a key to teh broom closet, the one where our PIII 'puter boxen are at." ...and then cloud computing took that away from me, so now I pimp Bitcoin. So I convinced myself that cloud computing ain't a thing, and if it is a thing, it's a bad thing. Because stupid people and marketers say "Cloud," which means "cloud" is a stupid word  " I figured you would prove my point for me! Thanks, and good luck!!! And an E-wiener is someone who makes half a dozen posts, and thinks he knows WTF he's talking about here... You are debating with the forum troll, notlambchop. Just ignore and move along like the rest of us. The Mods delete his posts fairly quickly on sight. |
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aaaahhh. will short all the way down to 190. feels good to watch the true believers eating cock.
I relented for a while but it's time for you go in the ignore box. |
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Well the price is still moving sideways.
Let's see where we go next.
EDIT: back in the 280's ho ho..
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It might be a touch and go.... $2000/BTC is unsustainable at current mining reward rates ($7.2 million rewards a day, ~$200 a day per 10TH/s at current difficulty), considering most large-scale miners are short-term profiteers.
1200 was unsustainable The point with bitcoin is that the price moves in bubbles, not linear growth. A high exchange price can be maintained for short periods as it and mining costs are only loosely correlated. |
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so... are you nervous falling back in the log downtrend? imho there is a good chance that the correction is over at that point. Log downtrend line is now down in the 240's. We seem to still be some way above that. (Even with the 10 dollar dump and ~30 dollar drop from the peak ) |
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No way it will go to 2000$ and your posts says halving which will not happen till 2016 . Bitcoin is rather going to depreciate in value specially because its price is just hyped by speculation right now and we can see it is dying again until next speculation .
exactly. even the current run up to $310 or so is losing steam, and going back into the slow price drop. Down a few dollars a day. This PROVES that the only value in btc is speculative, fueled by new reports (about greece & china) and frenzy buying. Now the frenzy is over, and were back in the almost 2 year bear trend.I am sure it is probably a complete coincidence. But you posted the exact same post with a throwaway nlc account on the wall observer thread. Try and keep the shit/troll posting separate from one of your primary accounts in future. |
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If we drop and stay below 275 I may be concerned that this mini bull run is over. Otherwise we are just working off the exuberance of the blow off to 316.
We haven't even strayed below the bullish trendline for the latest surge.
EDIT: I think the bottom is in..going long and off for a swim.
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