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621  Economy / Speculation / Re: Someone is trying to intentionally tank Bitcoin price on: February 14, 2014, 03:59:19 AM
sigh... my father says this about precious metals, that there are 'hidden hands' suppressing the price. No, it's called supply and demand. When 2% of the users hold 60% of the bitcoins something like this is always a possibility. Forget the fact that major exchanges aren't doing withdraws right now.

Yes it's being manipulated. I'll humor you and tell you what you want to hear. Everyone should just hold so it goes to $10,000 and we all live happily ever after. The end.

I want my $100 per coin price so I have a vested interest in watching it go down. Everyone should want it to go down... the lower it goes and the more of the coin gets out of these bitcoin millionaires the better the base we will establish.  People who got in at $1000 for the first time... sucks to be you.. that's life... you bought during a bubble. Live with it.
622  Bitcoin / Bitcoin Discussion / Re: OUCH! More Bad Bitcoin News... on: February 14, 2014, 03:14:51 AM
Still too expensive. I want some of these bitcoin millionaires to unload their massive stashes of coins and get the price way down and then I'll consider getting in it... I want fully 50% of the coin that is held by the top 2% of the userbase to be sold and distributed down to a broad userbase to promote stability. I'd like to see $100 again and there's no reason we couldn't and it wouldn't take much selling by these top holders to get us there. That 8000BTC order a few days back was peanuts. I want to see multiple sells for 10,000 BTC and want a real shaking out of the weak hands to establish a good base.

Calling this healthy selloff and wanting to convert coin into USD an "attack" is silly. If the exchanges can't provide the fiat the coin needs to drop in price until they can. Patiently waiting for the right price to enter, which is not yet.... I want 10BTC for $1000.
623  Bitcoin / Bitcoin Discussion / Re: Overstock getting close $1million sales in bitcoin on: February 13, 2014, 12:30:12 PM
Intel 6 core haswell processors are competitively priced there. If I had profited on bitcoin I'd be building a new rig "just for the heck of it" while donating and old one to my sister.
624  Bitcoin / Bitcoin Discussion / Re: Let's stop all transactions, right now! on: February 11, 2014, 11:11:26 PM
hoarding to try to make the price go up so you can 'profit' just goes against everything bitcoin is supposed to be about... it's not supposed to be about greedy profit mongering, but it is of course. Other people will hold so it goes up, and then you will sell is that right?
625  Alternate cryptocurrencies / Altcoin Discussion / Re: Faucets are a waste of time and/or rip off here's why on: February 10, 2014, 04:35:22 PM
it's very inefficient for anyone with any kind of paying job. My job would be far more cost effective than using these faucets which pay a few cents each. Never use them. Plus they clutter up the blockchain with useless transactions.
626  Alternate cryptocurrencies / Altcoin Discussion / Re: 6 Crypto Currencies to Hold Long on: February 10, 2014, 04:25:51 PM
Bitcoin
Namecoin
Nem (New Economy Movement)
Dogecoin
Datacoin and/or Memorycoin
Ripples (long term, do not buy at these market caps and low liquidity levels)
627  Bitcoin / Bitcoin Discussion / Re: APPLE vs BITCOIN war of the titans :P on: February 10, 2014, 01:33:41 PM
same reason amazon does not release an android app allowing android users to use amazon prime video, but rather restrict it to their kindle fire devices only. (something that annoys me)
628  Other / Off-topic / Re: I am Satoshi Nakamoto on: February 10, 2014, 01:11:36 PM
Your QR code is all blurry.. the least you could do is learn to make sharp QR codes like this... Smiley

629  Other / Off-topic / Re: GoogleCoin on: February 10, 2014, 01:05:32 PM
kitco should release a crypto that's  backed by one ounce of gold per coin, and another crypto that's backed by one ounce of silver per coin... completely replace their 'pool accounts' .. naturally a proof of stake coin that does not get mined and is 100% held by them, distributed by people sending them fiat or metals to buy a stake.
630  Bitcoin / Bitcoin Discussion / Re: Full Node on: February 10, 2014, 01:01:49 PM
no but I have no exposure to the coin.... running a node or advertising bitcoin are to me considered services, which I would want payment for in the form of donations or a price crash to allow a good entry point since I as of now have 0 BTC and maybe 15 bucks in ripples and memorycoin.  $200 per coin would have been good. Smiley 

I should have gotten in around the same time I registered this name but was distracted with health issues that are now resolved. Oh well. $600 is still too high.
631  Bitcoin / Bitcoin Discussion / Re: Could bitcoins ever replace conventional money? on: February 10, 2014, 11:56:59 AM
I'm not totally familiar with the whole transaction process but from what I understand it's not possible to withdraw a partial quantity from a paper wallet, it's all or nothing. If a coin came along where you could have a paper wallet and use that paper wallet like a prepaid card and just spend small amounts until the quantity in the wallet was consumed, that would be pretty sweet. A total replacement to government/central bank currencies? No. In fact, I'm still not convinced it won't be banned at some point. Central banks are powerful entities to try to circumvent. Kennedy tried to make 'united states notes' that were issued direct from the treasury instead of the Federal Reserve at some point... that's a no no.

Although in reality almost all our  money supply is created into existence as debt from people taking out loans... very little of it is paper or coin currency.
632  Bitcoin / Bitcoin Discussion / Re: Bitcoin is already the most stable store of value. on: February 10, 2014, 11:43:12 AM
If I was an exchange and had a large sell order for 100 bucks I would have the exchange set up so that any sell orders that come in under a certain price are immediately executed and put in a pool owned by myself, the exchange operator. I could then use that pool and sell them out at 'market price' .. that would have been quite profitable, albeit greedy. The person who got them at 100 is just going to sell them back out though. An exchange wants to make a killing, what an easy way... 8000 BTC for 105 bucks.. but hey for all I know they'll be trading at 105 bucks in 12 hours (probably not)
633  Alternate cryptocurrencies / Altcoin Discussion / Re: Data Coin potential is now! on: February 10, 2014, 11:37:41 AM
spam post aside, here's a list of CPU mined coins.

https://bitcointalk.org/index.php?topic=379601.0
634  Bitcoin / Bitcoin Discussion / Re: Bitcoin is already the most stable store of value. on: February 10, 2014, 11:34:35 AM
this drop was accompanied by only an 8K sell order at around $105... that's a drop in the bucket compared to the massive quantities of coins the top couple percent of  holders have. Everybody is criticizing this seller but if I had 50,000 BTC from being an early adopter that I got for almost nothing and I wanted to get out fast for no other reason than to lock in real profits, setting a low price would be an easy way... though that's pretty low.. he could have set it at 300-400 instead.

Not trying to be an alarmist and perhaps I even believe in bitcoin long term but these top heavy holders need to sell or there will always be uncertainty and an alt coin with a more distributed coinbase (such as NEM New Economy Movement) will end up gaining ground.

Any coin with a top heavy concentration will have potential issues in an unregulated environment like this.   Dare I say dogecoin would be more stable simply because it has more users.
635  Other / Politics & Society / Re: Why you American's hate freedom? on: February 09, 2014, 05:47:03 AM
Americans love freedom.  Our government and the industries that own it do not.

To a degree. I like freedom within reason. I think america has a good balance of freedom relative to security. It's not perfect and faces the same problems much of the world does as far as automation and cheap labor robbing us of living wage jobs.  There's a bit too much over-regulation on alcohol, tobacco, and drugs... blame both parties for that really... old fashioned religious nutjobs who think everything is a sin, and liberal nanny staters who want to protect everyone from themselves... also big corporate interests that would rather not have drugs decriminalized and have their expensive prescription drugs undermined... it's a pretty big hurdle to overcome when so many powerful interests want this regulation... we also have this thing where people are hypocritical on some of their viewpoints... for example they want to ban smoking everywhere but would have no problem decriminalizing  marijuana smoking in these same establishments... rather inconsistent if you ask me.

What do you mean by freedom? A lot of European nations have many of the same regulations as the US, cannot own guns, etc. Many of these nations also face budget and debt problems due to increases in the influx of illegal immigrants who don't pull their weight.

The conspiracy part of me would say the media is bought and run by the central bankers world wide. The Federal Reserve act was passed Dec 23, 1913.. just over 100 years ago. The country has been bought by the banks ever since... but is it really so bad? I'd rather live here then in one of the few remaining nations that does not have a 'central bank' or one of the many nations that does not embrace forms of economic capitalism.

I'm curious what activities people want to do that they feel they cannot do in America that they can do in another nation.... List some if you will and we'll see if our lifestyle preferences match up.
636  Economy / Service Discussion / Re: Mt.Cocks on: February 09, 2014, 05:06:06 AM
Not sure if you all have checked their twitter account it looks like Mt.Cocks is in its death throws.....want to watch a company die?

https://twitter.com/MtGox
Mt Gox has been in its death throes since 2011, yet somehow it manages to stick around.

I only got interested in bitcoin in 2013 and I never considered this exchange a valid one. I guess some people are either naive or it's their only choice for an exchange. I've always ignored it even though people quoted it repeatedly because it's price was 'higher' 
637  Other / Off-topic / Re: Tried this online dating BS..... I just ended up getting burned on: February 08, 2014, 12:00:03 PM
troll post, has to be. Any real guy with experience with the ladies doesn't go about getting any this way.
638  Other / Politics & Society / Re: What country is the most "libertarian" would you say? on: February 08, 2014, 11:49:44 AM
Switzerland, Norway, Sweden?  I like the US fine but their war on drugs and long prison sentences, carding people under 35 to gamble and buy alcohol, sometimes make it seem a bit police state-ish.  I'm fine here in the states though. I'll take it over some crime ridden anarchist hell-hole where stealing, drug dealing, and kidnappings are rampant. If that's your idea of 'freedom' well more power to you. Smiley

The better socialist nations are the ones that have tried to maintain import controls and seal their borders to keep out undesirable lower income races. The one thing the global elite (jews, illuminati, whatever you want to call them) seem to want is to have a big melting pot where the poor races get to emigrate into the well off nations and thus drive up their cost of social services and make the socialism unaffordable. This is a reason health care in the US is so expensive... not the entire reason though.  Socialism works better in nations with a good working class of people and no large underclass.

Of course automation and exporting of jobs to third world nations is also a reason many of these nations also have more unemployed I would imagine.
639  Economy / Economics / Re: Harvard Economist says your money isnt safe in the bank, withdraws $1 Million on: February 08, 2014, 11:38:39 AM
he might be right but I trust my bank and safe deposit box more than my apartment.

And I trust my BTC and LTC a lot more than any bank.

Terry is obviously highly intelligent, and is simply doing what he thinks is right to protect his wealth. If you arent blind, stupid, or willfully negligent, its easy to see the writing on the wall.

Yes, the US has it better than everyone else, but as has been famously stated, we are simply the best looking horse in a glue factory.

which is why a person should be diversified with their money and not put it all into any one place.. it's why I'd recommend using paper wallets and putting no more than 5% of one's total bitcoin allocation in any one wallet.. and not to put all one's net worth into bitcoin.. that's .. risky...

I may buy a house with zero down and bank on the hyperinflation taking care of the mortgage. We shall see Wink  We could have 20 years of grinding zero growth like Japan too... the national debt continues to increase at an impressive rate however. Whatever happens it will be global. Global debt levels are rising at unprecedented levels. We can no longer afford all these programs these governments have and are basically laundering each other's money.. I wonder how long they can keep it up?
640  Economy / Speculation / Re: Forecast for the future of the Bitcoin on: February 08, 2014, 11:32:12 AM
I think it eventually gets replaced by a more feature-rich coin for everyday use but still remains the king when it comes to wealth and liquidity management... bitcoin is the gold, but another coin (no not dogecoin) becomes used for everyday transactions. The other coin is the 'silver' ... and then you'll still have crapcoins that are copper, aluminum, down to dirt and coal chunks. Smiley
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