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buy it, sell it in a year so you pay less taxes and then live off the 8,000,000$ you just made after paying your dad 1100000$ and paid 10% in taxes
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Were in waring season. So look for the downtrend to sideways. At the end of Dec right before the new year look for the price to start to pick up, like the last week of Dec. Then a nice big pop after the 1st! And a nice rise during earnings season. 2014 and the first half of 2015 are the last of the bull run for the stock market so look for those nice pushes each of the 4 earnings seasons!
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So last night while I was listening to "think and grow rich" trying to fall asleep. An idea came to mind. The US Gov like the Petro dollar because it creates a demand for the dollar. Countries need it to buy oil so that the Fed can just keep printing. They hate when money comes back to the US because it creates inflation because there is nothing to suck up the money supply except the stock market and more bonds. Guess what's why they made that agreement with china so they can invest their trade dollar back in the stock market since they're not using it to buy bonds or oil because they're trading with Russia for oil. So since almost all the central banks are at war to debase their currency. They need something that will suck up the money after they print it and spend it. Well Bitcoin is the answer!!!! So you would think everyone would be promoting the shit out of it. Its like a super vacum!
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The price will go up when the new group of miners comes into power. The new pre-order deliveries will put the supply in their hands, hence they are selling cost! Miners control supply, supply dictates price.
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Nah didnt sell. Just wanted to see if anyone else did though!
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some bears are about to get squeezed the f#ck out!!!
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If it crashes to 0 I'm gonna shoot myself in the face and make it live on youtube.
im going to buy a couple thousand coins! |
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actually i think its the 182 billion in stimulus they just approved in japan, so they just going ahead and trying to crash it to buy in lower!
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must be those stolen coins
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You should read rpietila's posts...
Market will not "crash". But it will serioulsly correct (-75%) when (and only after) it has grown more than 50% per day for at least 2 days.
Maybe it will crash from $2000 to $500.
Maybe it will crash from $5000 to $1000.
Maybe it will crash from $10000 to $2000.
Nobody knows.
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
75% is a crash and will never happen again unless bitcoin also fails. There are too many people now to absorb the large dollar swings that whales could manage. I think > 33% will never happen again. So far, I've been right. You do realize that Second Market is buying about ⅓ of the miners' new coins every day singlehandedly, right? Wait until we get a couple more hedge fund managers that want their fund to look really good. Pretty soon they'll be buying MORE than the mined coins every day. Agree, Price is following the hashrate! harder it is to mine the longer miners need to hold onto there coins to sell for a profit. Those who control the supply, Control the price! Who do you think owns all the diamond mines. They burn diamonds to to keep the price up! |
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And where do you think are this same 6.85 million coins right now? In the hands of people, and the number is a lot smaller than 272.000.
Problem right now is that a very small group of people, less than 5000, hold the majority (90%+) of all the coins minted so far. People in this group want to sell them for $$, but there isn't enough new capital to meet their supply at the moment. It will take a long time and tons of trading to spread out the coins from a small 5000 group of miners to your 272.000 people.
The question then is why would 272.000 people hold 25 BTC each ? Bitcoin is not an invesment. People's greed and speculation ran up the price from April $1 to June $30+. It could happen again, and again or it could not. Bitcoin will still preform same functionality either its price is $0.5, $5 or $500 per coin. People greed for fiat money wants it to be more.
As long as mining is still as profitable as it is right now, prices will keep sliding lower overall. Bitcoin *real* US$ value is between $1 and $5 right now depending on electricity cost and work put in to mine them. It will take a major change in bitcoin usage for price to start rocketing again anytime soon. We need services services and more services for that to happen.
you absolutely have no clue about the electricity bills of the average miner if you think $5/BTC can cover mining costs. I guess that guy was slow to the show! |
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to DA moon!
Never sell, only spend... if you get places around you to accept. like places that you go. you should dump your whole paycheck into bitcoin every week. And then i bet you spend even less cuz you know the price keeps going up!
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To counter this problem, I propose a very simple solution. Once it is confirmed that over 10.00% of the BTCs are "lost", then the earliest 2% should be purged and put available to mine.
What you propose is simple theft. If I want to save my XBT, and bequeath them to my great-great-grandchilluns, it's none of your damnable bidnez. The idea to purge the earliest 2% (or however many) needs refinement. As jbreher points out it could be in store for grandchildren (however unlikely after 10yrs inactivity) A mechanism could be discussed to deal with that issue. e.g more than 10 yrs inactivity 50% can be mined again 50% put in escrow for future claims. In the UK there is a legal mechanism and rules for inactive Bank accounts after 15 yrs.Also, Banks already got wise to the problem and now charge fees for inactivity (as early as 1yr) This effectively lets them take ALL the money over time. http://www.moneysupermarket.com/savings/dormant-account-guide/The comparison is not exactly the same as the total useable supply of fiat is not affected as it just goes somewhere else eventually. Unlike bitcoin where the total supply is affected if it can never be used (recovered/replaced) again All i can say is WTF!!!!!!!!!! Quit trying to play banker! Let people keep whats theres. If they lost them then they lost them.... You probably want me to give you my coins if you lose yours too! |
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Anyone wanna do vegas at 10k?
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bring on the Re distribution!!! isnt that why people voted for obama?
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to DA Moon
i did my part!
Brought 'er back from the dead, eh? Hahahah, Yeah i love the old articles! The more i read them the more Bullish i get. The amount of bears that are total fucking wrong is awesome! The fact you can't short BTC on margin is the best thing on earth! If you sell you lose! Simple as that, yes you might make some profits and buy back later on the rise. But once you go bearish on something its hard to get back to the bullish stage so you will end up being wrong eventually and lose big! Realized loses are the worst loses! |
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dont fucking short btc you idiots
lmao yes, this is a good point. I'd hate to short at 1050 and then realize an news story came out regarding Justin Bieber using bitcoin to buy his coke, and check bitcoinity to see it's at 3k. FUCK. Too much potential upside. Someone send Bieber some bitcoin! |
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