When discussing Craig Wright, here's all you need to know about a guy like that:

https://www.psychologytoday.com/conditions/narcissistic-personality-disorder

Well when you're the only whale in the market, essentially dumping into your own bid walls, it's easy.

So Bitcoin's rocket engines are being fueled by ETH/DAO tears?  

Actually I think it's the opposite. I am hopeful that people have finally learned their lesson, that if they are going to buy some cryptocurrency during this run, or just to hold/invest in it long term (esp if they are new to all this), then there is only one such currency that was launched with the most pure/noble of intentions, considered the oldest, most secure and most bug-free (as can be after 7 years) at this point:

BITCOIN

The vast majority of alt coins really are just an attempt to lure gullible, greedy people away from consolidating into one solid, secure, global, decentralized cryptocurrency, which only slows Bitcoin's overall growth, maturity, and legitimacy.

Actually, people that have any regrets about anything related to bitcoin don't understand the whole point of it being a currency/exchange of value.  It has to be continuously bought, exchanged, and used whether some years ago, yesterday, now, tomorrow, 5/10/20+ years from now, and forever in the future, AT WHATEVER THE EXCHANGE RATE IS AT THE MOMENT.

This whole idea of missing out on Bitcoin is like saying "You know I had a chance to buy and use some [USD/Gold/Oil/whatever] some 40 years ago, but I completely missed out back then. So I've never used it since and I'm not going to use it now."

At $1 people used bitcoin.

At $750 people are using bitcoin.

And at whatever the exchange rate will be in the future, people will still be using bitcoin (and since deflationary, I'm sure that the future exchange rate will be higher).

There is no "missing the boat", because the boat is continuous.

I'm actually shocked that ETH/DAO supporters are shocked that a flaw in their system was found and exploited, in such a coin/network so young.  Bitcoin went through that kind of hell regularly in its first few years, until all major exploitable bugs were found and squashed.

That's all I will say about it, since this is a Bitcoin forum.

You know something smells wrong when even Feathercoin is going crazy now  

Oh wow Xiaoxiao, the legendary troll returns!  

What just happened on Stamp? Did someone go stop loss hunting?

Mat makes me sad.  

Whilst I and others called the Bitcoin bottom incorrectly (partly because we bulls just don't care, and will suffer a little in the red just to continue to accumulate more because we know it's going to be HUGE one day), Mat called the bottom correctly at around $200/btc.  He was supposedly sitting on cash at the time, but because he sees Bitcoin as nothing more than a short term scammy trading vehicle, he refused to get long at $200/btc and just ride it out.  Probably just blew it all on more drugs.

Now he says that he's been calling the $800 level correctly the whole time.  But still refused to get long and continue accumulating at around $200, which he'd be in a nice long position and now up 300%.  Even with a 50% retrace, he'd still be way ahead of the game.

But alas, he's just been chasing it all the way up from $300 or so... just to sell at every 5% gain or loss, with more losses than gains.

Good going Mat.  You will forever be a loser, never a winning investor.

That's because they only get paid to shill/troll Monday through Friday.  It's a full work week for them ya know, so they gotta let off steam on the weekends.  

It is already something. 7 years of something.  Tim Draper and WinkVii have millions tied up in bitcoin, and they're not selling. Fucktard.

Probably the most idiotic comment, period.  

Chesthing, you do realize that in order for Bitcoin to still be a thing (i.e., major world cryptocurrency) now and into the future (5, 10, 20, 50+ years), forever moving forward, that not only will people need to buy it now, but they'll need to continuing buying bitcoin at any price, whatever exchange rate it is at atm?  You do get that, right??  Even at $20K+/btc, people like you and me will still need to be buying, holding, and using bitcoin every single day.

That is the whole point.  It is not a 'one time and done' thing.  A future-proof, deflationary currency doesn't work that way.  Average Joe demand has to continue to grow and bitcoin bought and used in the future too.  Otherwise it will die, because miners aren't just going to sell it back and forth to themselves forever.

Hahaha, a broken clock is right twice a day.

Or in Mat's case, he's fairly sure the price will dump.... at times. 

All purely your opinion, and all completely backwards from logic.

1. Equity money will flow out of top-heavy, overbought markets (like stocks, oil, and real estate are right now) and instead flow *into* undervalued, oversold ones (like Bitcoin, PMs, startups, etc.).  Every. Single. time. Equity money will not just sit on the sidelines for years, doesn't happen. Because fiat money is dead and losing value daily when it just sits in a bank account or vault somewhere.


2. Bitcoin *is* a safe-haven (deflationary), and bitcoin *is* money because it can be value-transferred for goods/services.  Fiat money sitting in bank accounts is subject to inflation, negative interest rates, monthly fees just to hold it for you, and possibly bank/government seizure at any time.

Even if you have more that $3K in a bank account, just for kicks try going into your local bank branch and pulling it all out.  Would you be surprised to find out that you can't?  Would you be surprised that they will tell you that there's a limit on what you can withdrawal that day, and that they don't have enough 'fiat on hand' to fullfill your withdrawal?  That it'll take 3-4 business days to get you the rest of your money shipped to the bank branch? And they'll tell it's all for 'security reasons'. Try it sometime just for fun.  

But you just keep spewing your backwards, non-sensical logic, Mat. It sure makes for some fun entertainment.  

Your statement here describes every run up in bitcoin's history since its inception, does it not?  But who cares? It doesn't discount that long investors are continuing to do well, while short term traders are getting the shaft.

Just take a long position, be done with it and walk away for a few years.  I guarantee you'll have done better on that time scale than what you are doing right now.

In June of 2014, Tim Draper bought 30,000 bitcoin for around $570/ea.  Of course later Mat would have laughed at what a fool Tim was for this purchase, considering that Tim didn't buy anywhere near the bottom.

Right now Tim's up $1.5M in profit just by hodling. So who's the fool now, Mat?  

Doncha just love that price settling in perfectly at 579.99999999 ? I mean, such a natural number to settle at, ami riiite??  Lol

And with supposedly soooo many different market makers on sooo many different exchanges, how's it possible to peg the price perfectly?  Guyzz???

I mean, it couldn't all be just one huge deep pocket whale with multiple exchange accounts in different countries?  Could it??  Guyzz???

trolololol

Suppose for a second that Chinese miners were being "subsidized" by the Chinese government in more ways than just free electricity?

But... but... why would they do that??
What advantage could China gain over the long term with Bitcoin??
What could the Chinese miners possibly be giving their Government in return for such generosity?