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rant about BitLicense
BitLicense is a good example of just how fucked up everything is
Ben Lawsky said he would not over regulate, he said they would be very minimal rules even less then current AML laws. to make sure NOT to stifle innovation, he must of said "NOT stifle innovation" at least 21 million times. and now people are talking about how it might necessary to just not service NY customers, because of his proposed laws. lol.
I can only hope some of it gets rewriten, but still, I'd like to thank Mr Lawsky, for being such a prime example why no one should trust a word this goverment says. not a word, never.
USA, you've totaly let the whole world down. for a time we looked up to you, because you valued freedom as priceless, oh you still talk the talk.... but its all fucking lies.
SUCH A SHAME!
bitcoin is the new beacon of hope and freedom!
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560/2 ...Could it be?
 day dreamers... |
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Everyone's just talking around here, let's put our money where our mouths are and buy some BTC in order to get this baby on course to the moon again!  How would you know if posters here are buying or NOT? I'm sure some posters here are buying (and of the belief that you should buy while the prices are going down... or at least attempting to buy most at the lowest price point - without missing the boat). I bought some at $575, and I did NOT know whether prices would go lower, and then I will likely buy some more at $550 or so,,, and maybe at other points... depending on the passage of time and whether BTC prices go lower. To be honest, I believe that a lot of people around here already maxxed out their allotment which they allow themselves to invest in BTC. Some may even be well above a reasonable level. Yeah, that is the problem. Too many young and/or inexperienced participants in this market. I have to chuckle when most people talk about "fundamental analysis" here because it doesn't apply in the traditional sense. BTC is the epitome of a speculative play. It could go way up or way down. It moves independently of news. There is no balance sheet and no history of earnings to analyze. Yet people are over-invested and over-leveraged to the hilt. When I go to bed tonight, I will sleep well. When I wake up, if the price is lower, I will buy more. I don't care if it is $540, $520, $400, or even lower. If people can't say the same, they should lighten their load. But not now. Bad time to sell. BTW: I believe that I do NOT fit your definition of someone who is over-invested in BTC b/c I am still continuing to increase my holdings in BTC... little by little.... continuously with much of my spare BTC allocated fiat. However, in the interest of broader disclosure, I do have some leveraging of my bitcoin holdings... My holdings are leveraged over about 16 months (until September 2015)... ... so the NOTE will be due then. I do have a back up source of money to pay off the leveraged amount, in the event that BTC is NOT performing adequately by September 2015... Then have to go to plan B.... .. don't leverage if you have the funds to finance your buying yourself. why pay the interest if you don't have to? |
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this could be the reason for the drop in price the past few day? https://www.youtube.com/watch?v=A6dboY9FtDo"BitLicense" I guess i missed this news when it came out. so apparently Bitcoin is pretty hard to use to buy small things in NY ( you have to give allkinds of info to buy anything with bitcoin in NY? ) THAT proposed regulation is at the 45 day public comment period. Accordingly, it is still only a proposal. who cares tho. bitcoin is not usefull because a NYer can buy coffee with it bitcoin is usefull because a Zimbabway man can sell coffee for it. NY be damn. |
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and another 1/10th BTC filled at what will probably be the low for today anyway.
your generosity is much appreciated.
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i guess i'll join the party and buy some myself... kinda went all in at 636CAD, but i always keep a couple thousand just incase i feel like "over extending" my position, i guess now is a good time for that i'd be lying if i said i didnt have any doubts... fuck man, am i positioning myself in a conner  time will tell Maybe only put in half of that "couple thousand," and then wait and see with the rest. I would hate to see you completely without fiat, if the time comes for a better bargain. oh ya i know... i'm bidding waiting for a fill and then bidding again. not being greedy here, just providing some support at a time when i think its low. so far so good, 1/2 a bitcoin accumulated, will gladly pick more up if poeple keep selling here. side note: who ever dumped 100coins on virtex ~1hour ago, thanks man, couldnt of done it without you |
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this could be the reason for the drop in price the past few day? https://www.youtube.com/watch?v=A6dboY9FtDo"BitLicense" I guess i missed this news when it came out. so apparently Bitcoin is pretty hard to use to buy small things in NY ( you have to give allkinds of info to buy anything with bitcoin in NY? ) |
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i guess i'll join the party and buy some myself... kinda went all in at 636CAD, but i always keep a couple thousand just incase i feel like "over extending" my position, i guess now is a good time for that i'd be lying if i said i didnt have any doubts... fuck man, am i positioning myself in a conner time will tell |
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interesting  but not at all surprising. |
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What if Tim Draper is panic selling and the cause of this sell off. i wonder if very rich people care all that much about losing money, i mean its not like they have to worry about having enoght money in the bank at the end of everymonth... when your worth more then 10Mill do you really care if its 19mill or 15mill Net Worth? |
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bears are fighting hard, only a few $ away from breaking a key line, its now or never, max leverage all your coins and DUMP!
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 technical bounce off the "floor" we're still fucked sub floor SOON  So it's the second support? Or are we going through that as well? If that happens we've lost, right? i put 2 lines as a best guess for rock bottom prices, given the assumption that we are eventually going up we are bouncing off the low end of the floor should we break through and close below the floor, without considerably higher vol then we have been seeing... we are pretty much guaranteed to go much lower and fast. |
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technical bounce off the "floor" we're still fucked sub floor SOON |
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pretty sure this is the most bearish poll results of all time
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we'll come out of this and everyone will be like " well that wasnt so bad "
but for now
the sky is falling!
run for your lives!
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it appears to be accelerating
It's called a crash. thank you. crash appears to be accelerating |
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it appears to be accelerating
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price is low price is going lower, now is the time to sell!
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