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6101  Economy / Speculation / Re: Rally!!!!! on: March 31, 2012, 01:23:29 PM
Everybody flip your charts so we can continue the rally!
6102  Economy / Currency exchange / Re: Bitcoins for PayPal on: March 31, 2012, 01:02:25 AM
Yeah, that's why I asked for a trusted seller haha. I don't know if that's enough of a safeguard from these dangers though.

Had you asked yesterday I might have done it, but my Paypal funds from my last job are already headed for my bank.  Just be sure the buyer doesn't add a note mentioning bitcoins and you should be ok for a one-time trade.  Make it a habit or put a public face on it (btc-paypal exchange site or similar) and you will likely get shut down.
6103  Economy / Currency exchange / Re: Bitcoins for PayPal on: March 31, 2012, 12:57:14 AM
Hi, I'd like to sell 5 BTC for $4.8 each for a total of $24 through PayPal.
Trusted traders only please, thanks!

Be cautious here.  Not only can the buyer charge you back, Paypal may close your account if they find out you're dealing with BTC.
6104  Bitcoin / Bitcoin Discussion / Re: Ben Milne (Dwolla) and Jered Kenna (Tradehill) will be at "Future of Money" Conf on: March 31, 2012, 12:55:43 AM
How about a brawl to the wall beatdown between the two of them, and whoever is the last one with teeth walks home with Dwolla and Tradehill as collateral?  Grin

+1

My money is on Jered.

Edit: Fixed Typo
6105  Other / Beginners & Help / Re: Women Cannot Resist Bitcoins on: March 30, 2012, 11:04:11 PM
My lady gets turned on by bitcoins.... Forget hardware, talk $$$.
6106  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 30, 2012, 10:57:18 PM
Honestly... it doesn't bother you guys that we just bounced off the bullish trend-line that has been going since Oct '11?

You guys are still short?

I'm still short.  Your "bounce" was a tiny gain on the last day of the quarter.  Funds are just letting their quarterly numbers sweeten a bit before we go for the real dip next week.

THIS.  i just talked about this in my first report.

It's good I haven't paid up yet or I would have felt obligated to keep quiet Wink. I'm thinking I'll sit out this month.  Can I just send 2.5 BTC to the address you gave before the end of April to get reports for May?
6107  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 30, 2012, 10:26:23 PM
Honestly... it doesn't bother you guys that we just bounced off the bullish trend-line that has been going since Oct '11?

You guys are still short?

I'm still short.  Your "bounce" was a tiny gain on the last day of the quarter.  Funds are just letting their quarterly numbers sweeten a bit before we go for the real dip next week.
6108  Economy / Economics / Re: Attention venture capitolists: Gearing up for crowdfunding on: March 30, 2012, 08:47:30 PM
The GLBSE just went into open beta the other day.  They're a BitCoin-centric way to sell or buy shares of a project - it doesn't even have to be a corporation - and get returns on your investment.  Those investments can be for $1.25 or so, meaning the average individual can invest easily.  It does need some kind of Web of Trust or Reputation System, but they're no doubt working on it.

For the moment, the majority of projects seem to be standard BitCoin mining rigs.  But considering where this is going, with average Joes able to invest en masse in projects that look good to them, we may soon find new online startups and websites getting put together motivated solely by crowdservice.  Since they'll all be competing against each other for available pool of startup capital, all you really need is a great idea and the crowds will fund it.  May the best idea win.

The biggest advantage of GLBSE: no trading fees!

Screw $9.99 to move in and out of a position.
6109  Economy / Speculation / Re: Financial Risk Analytics-Subscription Service on: March 30, 2012, 08:12:02 PM
Why? Are you a gold bug? Grin
I wish...  Embarrassed

That's a nice ignore list... Can I be on it too?
6110  Bitcoin / Bitcoin Discussion / Re: Stossel’s Currency Conundrum on: March 30, 2012, 03:29:26 PM


If only he knew how much we would be importing today.
6111  Economy / Speculation / Re: Sideways! on: March 30, 2012, 04:12:17 AM
My bot loves sideways!  > 1% in less than a week makes me happy Smiley

Your bot sounds pretty interesting. He doesn't brag too loud, but sounds successful.

I'd love to have a bitcoinica bot.

He's successful when we go sideways.  He could be successful on bigger moves too if I had more funds, but if he runs out of funds in one direction he's not so happy.

Is your bot the one placing small but frequent trades of around 0.02btc? I've noticed one bot do this in what looks like a grid trading strategy.

Nope.  There are lots of bots.
6112  Economy / Speculation / Re: Rally!!!!! on: March 30, 2012, 12:53:05 AM
Grin

i know u like new threads so i made you one

Thanks dude!

I only see a rally if you hold the chart upside down though.
6113  Economy / Speculation / Re: Is it safe to break out the 10:1? on: March 29, 2012, 04:54:22 AM
If the math in Bitcoinica Helper is correct, the liquidation price is 4.4913.

bid - ((net_value - maintenance)/(amount + btc)) =
4.75225 - ((475.07 - 189.18)/(982.21337 + 113.21337))

so he's safe so long as that mega wall holds

Mr. Gorbachev, tear down this wall!
6114  Economy / Speculation / Re: double ramp? on: March 29, 2012, 04:50:42 AM
I didn't go 10:1 just to gamble. Prepare for quite a huge spike.

Based on what...your reckless long position? It sure sounds like gambling.

Furthermore, why are you flaunting your long position like this? You can only hurt yourself by posting this type of information here
+1

Check yourself before you wreck yourself Wink
6115  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: March 29, 2012, 04:48:18 AM
Btw, did u guys see this:  http://www.technologyreview.com/business/39962/

Summers says Bitcoin is innovative.  No criticisms whatsoever.

This guy is one of the founding fathers of our current present day crisis.  right up there with Rubin, Greenspan, and Bernanke.  He is generally associated with GibsonsParadox for those of you who believe in naked gold shorting.

What Summers says about Bitcoin is extraordinary in light of his background.

Quote
And at that time, there's a need for strong government actions, and that's what we tried to provide in 2009. Certainly no one's fully satisfied with how the economy is performing, but if you look at the six months from the fall of 2008 to the spring of 2009, they show deterioration on almost every economic statistic more rapid than during the Depression—the first six months after the fall of 1929. And certainly the play-out has been nothing like what it was after the spring of 1930, and that's a reflection of the strong policies that were pursued.

Too bad he's not smart enough to realize all they did was kick the can down the road while reducing their kicking power.  Oh well, he'll learn his lesson soon enough.
6116  Economy / Economics / Re: Billionaires hate Bitcoin. on: March 29, 2012, 04:06:20 AM
How does sending $4 of cash to hong kong have to do with billionaires?  Even as a poor person, I'm not stupid enough to make small-ticket purchases overseas.

As a real live poor person (< $10k a year compared to your "perspective of a very wealthy individual") with an IQ above 130, I can assure you I have often purchased small ticket purchases oversees.  It's cheaper to order from china than to pay the importer his cut.

http://www.dealextreme.com/

Nothing stupid about paying less, but you don't care because you can piss your money away.
6117  Bitcoin / Bitcoin Discussion / Re: Stossel’s Currency Conundrum on: March 29, 2012, 03:37:56 AM
It is unfortunate that Stossel repeated this mis-truth that private currencies are illegal.  Though Ron Paul tends to spread this misconception as well, so he is not alone.

This is based upon an incorrect understanding of "powers" granted the Federal government by the Constitution.

In short, a "power" is basically permission to violate rights.  In the case of the power to "coin money", the power conveyed and the right violated are subtle.  It is not, as widely believed, the power to seize private property via monetary monopoly and inflationary confiscation.  That would have been in direct violation of the "just compensation" required by the takings clause in the 5th Amendment, and a general nullification of the basic right to property.

The power to coin money is simply the power to violate the usual presumption that possession equals ownership, in the limited case of "coins" minted by the Federal government.  That means that a coin, once minted by the Federal government, remains the property of the government even when placed in general circulation.  That is the reason you cannot mutilate or destroy them, and they can be seized at will (as was the case with FDR confiscating gold coins).  They are not yours.  


Actually, you can mutilate or destroy them.  Have you never seen the penny presses at tourist traps?  You put in 51 cents, and the machine presses your penny into a little keepsake with a new image on it.  They are all over Walt Disney World, for example.  I seriously doubt that Disney Corp is going to be caught off guard doing something illegal.

I've never seen a motorized one... they're always hand crank.  Maybe that way the customer is the one performing the mutilation and the corporation is insulated.
6118  Other / Meta / Re: dont make a damn single post few days on: March 29, 2012, 03:12:45 AM
You've removed my sentiment indicator... thanks asshole.
6119  Bitcoin / Bitcoin Discussion / Re: Stossel’s Currency Conundrum on: March 29, 2012, 03:04:20 AM
Interesting segment. It adds weight to my opinion that Bitcoin is being "managed", just like gold is.

And to back up my crazy tin-foil-hat assertions, here's a ZH article on gold: http://www.zerohedge.com/news/chris-martenson-explains-how-gold-manipulated-and-why-thats-okay

with the very interesting comment:
Quote
Gold is an important signaling mechanism, and our entire money system is faith-based. Of course anything and everything that could cast doubt on that system would be controlled if it could be controlled.
(my emphasis added)

Could Bitcoin be on that list?

But can it be controlled?
6120  Economy / Speculation / Re: oh joy on: March 29, 2012, 12:54:51 AM
Indeed. Breakout is imminent.

Or not.
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