Well done OP, top marks for thinking outside the box and yes it sounds like a good plan to me.
Longer term the miners (Ten big names) need to be taught a lesson and we need a system that
does not become a hostage to them ever again like we are today.
Clearly decentralized is not working as it was designed to work and not just because of miners but also
Coinbase and Co.
Surly we just need software running on something similar to what we call miners today that
will allow selling and buying without having to use Coinbase and then we can get back to having an
exchange rate that remains the same across the globe.
The car we are running is a lemon, we need a new one.
Oh, that’s a good idea. Punish the guys that have spent untold millions on mining equipment to keep bitcoin alive. I’ve got an idea. Go buy a mansion for 10 million dollars and let me live there for free. I’ll stay there for years and fuck your property up and right before I leave I’ll burn your house to the ground and make your investment worthless. Miners have a limited time to recover their investment before they need to buy new equipment because it literally burns up. Cut their profit and they won’t buy any replacement equipment and bitcoin will suffer. That will teach them a lesson. Do any of you people actually know how bitcoin works? |
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Why are you all trying to use bitcoin like money? Bitcoin is for profit, like an investment. If you make a few thousand on your investment you pay a “brokerage” fee (exchange fee, transaction fee) to sell it. Big fucking deal! Stop trying to use bitcoin to buy shit! Hold it until you’re ready to sell and make your profit.
Stop bitching about transaction fees and delays. Google wallet is free and fast. Go use that to buy shit instead of bitcoin.
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Guys, stop creating this kind of post, i am tired of threads about fees and all those who are spamming the services section.
The only way to FIX a single transaction with low fees, is just PAY more when you send the payment, that is it.
My point exactly! You want a free service? Then use something else. There are plenty of free ways to send money out there now. |
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Here’s a transaction cost fix for you:  |
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Yes, BTC is Halal. It complies fully with Islamic dietary laws. The BTC is slaughtered by the finest trolls boring it to death on this forum while reciting the Bismillah and it is processed in a plant where pork is never processed.
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Because it’s no longer going up.
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Oh, come on kingcolex. You’ve been here long enough to know what’s going on. Major bitcoin holders have run the price up to a unrealistic ridiculously high point. Hype and media attention have helped create a buying frenzy driving the price up. The major holders cash out for a fat stack of fiat so they can buy that island in the Pacific they’ve been drooling over. Then then they stop and let it recover again. Rinse and repeat. I’ve watched this happen 20 or more times since I’ve been here. They can’t let it drop too far or they’ll lose too much profit. I doubt it will go much below 50% of its ath (which would make the recovery time too long for the rinse cycle). Everyone just needs to spot the beginning of a whale dump and jump on the bandwagon. Then buy back at the bottom. That’s what day trading is all about. Fools lose and the rich get richer. https://www.investopedia.com/articles/trading/06/daytradingretail.aspI am sure this is a part of it and probably a big part but I think we can't forget to attribute so many random people buying it and being easily fooled and scared. That along with big players and insider trading. Sure but the “random people” are the key ingredient to the recipe. If there was no new influx of people buying in there would be no suckers for the whales to take advantage of and profit from. The “big players”, whales, Tim Drapers, Winkledouches, Barry Silberts, and Andreessen Horowitz are the bitcoin winners. They hire the top strategist/day traders and profit from and create the swings. They profit from the instability at the expense of the “random people”. Individuals have no business in bitcoin at this point. One missed fork or adjustment in the system will leave them penniless. They no longer have the luxury of just buying bitcoin and forgetting about it for 20 years or willing it to their kids. They need to eat, breath and sleep bitcoin to stay ahead of the game. ‘Random people” (poor people) don’t have the time to do that. We’ve come right back around to the 1% screwing the 99%. |
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I guess you’re forked.  |
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Nah, this is just a whale rape cycle. It’s where the rich guys cum all over the face of the poor and steal all their money. I watched this happen at $15, $30, $300, $800, $1,000 and beyond.
The $1,000 rape cycle lasted a looong time. That’s the real problem. If you bought at the top of the rape cycle, near $20k, you could have to wait for years to get your money back.
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Bitcoin is not for the “average guy”. It’s not for buying groceries, paying your mortgage every month or buying a frappuccino at Starbucks. Simply put - it’s not money, fiat or currency of any kind.
Bitcoin is the best professional day trading instrument the world has ever known. You sound like an “average guy”. There are lots of penny stocks out there you can play with if you want too. You made the right decision.
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Oh, come on kingcolex. You’ve been here long enough to know what’s going on. Major bitcoin holders have run the price up to a unrealistic ridiculously high point. Hype and media attention have helped create a buying frenzy driving the price up. The major holders cash out for a fat stack of fiat so they can buy that island in the Pacific they’ve been drooling over. Then then they stop and let it recover again. Rinse and repeat. I’ve watched this happen 20 or more times since I’ve been here. They can’t let it drop too far or they’ll lose too much profit. I doubt it will go much below 50% of its ath (which would make the recovery time too long for the rinse cycle). Everyone just needs to spot the beginning of a whale dump and jump on the bandwagon. Then buy back at the bottom. That’s what day trading is all about. Fools lose and the rich get richer. https://www.investopedia.com/articles/trading/06/daytradingretail.asp |
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HODL!!!!!!!!!!!!!!!!!! Carry on, nothing to see here  This thread is proof that there are no longer any moderators on this forum. |
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I love how fast the price can crash and effectively allow the rich to steal millions of dollars from fools.
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Hey guys. I was asking my self "Should I buy Bitcoin now? What if it's gonna go down after I buy?". What do you think? Should I buy or wait?
I suggest that if you want to buy bitcoin you must wait until the price drops. Thats a great time to buy bitcoin. I think you should wait for the right time , for me i would also buy bitcoin because it is not too late especially for those who are investing in bitcoin. You just have to be updated in the price of the bitcoin to apply a great timing. I strongly agree with you that the best time to invest in Bitcoin should be when the Price drops. Because when the price drops, you can invest in it the more at a cheaper rate than when the price is high which you can barely afford much. You two need to define “price drops”. The price has dropped nearly $5k recently. Is now a good time to buy or will it drop more? When do you sell? $20k per coin? $19k per coin? |
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There will come a point in time where uncertainty will strike the hearts of Bitcoiners and they will doubt and start to think whether Bitcoin has become too inflated.
That’s doubtful because real bitcoiners have an unrealistic idea of what Bitcoin is and is not. They commit themselves to supporting bitcoin regardless because it’s going to save the planet from eventual destruction by the Goa'uld. Hear the fools are shown studying the Stargate program which they are sure really exists:  The real bitcoin users want to support the current monetary system and get famously wealthy off of the dreams of fools. Here they are planning to pick the pockets of the aforementioned fools:  |
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Define “dropping”. Do you mean like $3,000 in one day?
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Don’t forget, Natoshi Sakatomato has over a million bitcoins. He/she/they or it could crash bitcoin into oblivion 10 times over. It’s only a matter of time before those coins are sold.
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Former Atheist here. Yes I do believe in God and the savor of the humankind Jesus Christ. You may ask me why I believe. It is quite simple. Every other possibility is very sad.
That’s probably the most honest answer I’ve ever heard and the most realistic, however: “Every other possibility is very sad.” If Christianity is the best alternative you could find that is very sad indeed. The Christian God is spiteful, vengeful, incredibly mean to not only his followers but nonbelievers, and the punishment for even minor infractions is to burn people in a pit of fire for all eternity. It is sad that you think believing in a raging asshole is the best alternative. |
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