Whales like Max Keiser are ready to buy big time any sub 400 BTC, dont panic lol.
He should move that up to sub 500 |
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fallling, please get to work.
I'm not done yet accumulating more bitcoin in the low 470's.
thank you.
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There will only be one.
Wealth and capital always seeks the most liquid, safe, and nicely for Bitcoin, the highest return vehicle.
Because of Bitcoin's potential to appreciate in value, it will always pay to hold it first and then only buy an appcoin or altcoin ay the last minute for a small defined purpose. This will cause the appcoin or altcoin to always trend to zero in the longterm from lack of use or liquidity.
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The biggest scam of all in the history of mankind is fiat. It belies logic that people still put value into something that can be infinitely created by a single entity and backed by nothing but a government's promise
Well, if you assume that governments try to do the best for their respective economy, it may be prudent to influence the amount of money being put into circulation, it may in fact help the economy! So that's why the economy is doing so well? To be clear, governments are not influencing anything else but their own level of debts to private banks and private banks proved they don't give a damn shit about the economy. All they care about is they own greed. Let's be honest, gvts barely give a shit these days. All the rampant spending on bailouts, wars, NSA over reach, police militarization, spying, grid lock, various scandals, welfare projects, Fannie Mae debacles that feed the banking syste, etc. |
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Look at the text I just received from a good friend. He's a young dentist in Vancouver.  Now the question is "how do I answer him?" [This is always a problem for me]. If I recommend cavirtex, then he must persevere through the time-consuming KYC/AML procedure, link his bank account, and then still wait a week for the first transfer to clear .... Telling him about 2FA on top of this will be too much [I wish cavirtex disabled bitcoin withdrawals by default unless 2FA was enabled and verified]. I could send him over to the bitcoin ATM which is fast and easy [although unsuitable for large purchases], but then I would feel personally responsible to set him up properly with a wallet on his phone, a back-up of the seed, and a cold-storage system. I wish we had an exchange-tradeable product like GLD but with bitcoin as the underlying…  My standard operating procedure: 1. Have them download a simple smart phone wallet. For iPhone I suggest BitWallet or BreadWallet. For Android it is Mycelium. 2. I send them a dollar's worth of bitcoin - now they are owners. 3. I walk them through the backup process (pretty easy) 4. At that point they can buy from me, LocalTrader or LocalBitcoins (screw buying from AML/KYC nodes) 5. I tell them to get my paper wallet product ( http://CoinPro.me) to store anything larger than pocket change. It has the tutorials and a BitAddress clone on a Ubuntu Live DVD. Or, if I don't want to spend much time with them, I direct them to http://BitcoinMerchant.com and have them click on "How to Bitcoin." Yeah, this really is the simplest way, an SPV client on a phone. With a cold storage BIP38 private /public QR code pair on a laminated card with a backup in a safe, not only is he safe, but liquid. Mycelium is now testing their HD wallets as well. All this combined with their local trading app makes them the leader for android. |
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nah, you guys can't even get it down to 440, let alone the bottom back in April @340
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yeah, it looks to me that despite yesterdays immediate smack down, ppl are already buying any dip into the low 470's looking to establish yet another higher low. selling pressure is weakening.
yeah, they can't keep it down |
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yes, keep selling to me. i'm buying regularly at these prices. thanks for your help fallling.
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Gold up, Cypherdoc collapsing.
lol. tv, you're like a little dog, constantly nipping at my heels. More like a sleek feline waiting to execute a ninja pounce when the timing is right. (I watched my years worth of cat vids last night ) lol, fair enough  |
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bottom was last April @339
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I remember thinking why didn't I buy years ago when I had more money and the price was lower. I was happy to see the project become so successful that was mind blowing to all of us I'm sure. Hey I made some profit during the rally so it is what it is. Those were some amazing and unique times.
it takes a brave soul to buy when others are selling and the trolls are out in full force. confirmation bias is oftentimes not a good thing. |
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yeah, it looks to me that despite yesterdays immediate smack down, ppl are already buying any dip into the low 470's looking to establish yet another higher low. selling pressure is weakening.
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I thought the exchange downtown had some reps there to help you with the wallets etc? Kind of like bank clerks.
There's Bitcoiniacs at Waves, and the Bitcoin Co-op guys in Gastown. I suppose those are options too. But this individual is mostly interested in price speculation as part of a diversified investment portfolio. I'm not sure it's important for him to learn about bitcoin wallet security at this point in time. Perhaps that can wait. that doesn't sound too wise. Bitcoin is meant to encourage personal responsibility. plus it will make him learn and appreciate what Bitcoin is all about. speculation on the price is somewhat dependent on one being able to hold onto one's coins w/o getting scammed. |
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Gold up, Cypherdoc collapsing.
lol. tv, you're like a little dog, constantly nipping at my heels. |
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nice summary by Chris Whalen on Japan's deflation and why it's still dangerous to be shorting JGB's: how is it that Japan has not already defaulted on its debt, a la Argentina? The short answer is that Japan funds its public-sector shortfalls internally, while Argentina is dependent upon foreign capital inflows to finance its fiscal dissolution.
With respect to the issue of public debt and deficits, Kubarych argues that the Japanese would rather own bonds with low coupons than pay taxes. He says that the average Japanese distrusts government officials and prefers to see their money in government bonds than pay higher taxes to subsidize socialist agendas.
Global speculators such as George Soros and Kyle Bass have been predicting a fiscal and economic apocalypse for Japan for years. Bass, who made a killing by betting against the subprime bubble, has been wrong on Japan since at least 2010. Japan’s economy is a mess, no question, but Bass and other speculators err in assessing the country’s probability of default as though Japan were a private company.http://nationalinterest.org/feature/japans-economy-headed-collapse-11217?page=2notice how it's very conceivable for US citizens to be force fed UST's in the future and learn to like it. |
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yeah, for the short term both have been moving down together. watch closely for when that relationship changes. i think gold and silver are about to go off the cliff while Bitcoin is coiling in anticipation for the next ramp. |
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If you anticipate there will be a spike in 2016, why not set aside a certain amount each month (say $20 - 24 X $20 = $480 - close enough to 1 BTC at the going rate) into a wallet on a computer or device you won't touch and in two years time when the chain of events are right, you can strike while the iron is hot.
Come on man, that is so boring. I want a LARGE btc position when that happens, not just a mediocre one. lol, +1 |
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yeah, i keep buying small chunks as deep into the 400's as i can every week. this is the time.
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About time we had another one  it's coming. just wait. |
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