457
what the fuck
451  AHHHHHHH 449  445  |
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457
what the fuck
451 AHHHHHHH |
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the future of money is fiat.
its a proven system.
it works well.
its stable.
GOOOOOOOOOOOOOOOO Fiat
what a shitty week.....
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it's a fake breakout, especially at this time of day/week, it's lost momentum.
resuming long, risk is temporarily over. happy to make a penny out of the drop.
looking to short on a break of 465 however.
At 465 people will find a reason to panic sell to 420. At 420 someone will dump 2k coins and everybody will panic sell to 350. At 350 people figure there are cheap coins at 266 and will sell to get there. Reaching 266 total panic will break out and we will drop to 180. holly molly i bought too early... At least you should now that it's going to be 180$ before Friday  has this been confirmed? |
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it's a fake breakout, especially at this time of day/week, it's lost momentum.
resuming long, risk is temporarily over. happy to make a penny out of the drop.
looking to short on a break of 465 however.
At 465 people will find a reason to panic sell to 420. At 420 someone will dump 2k coins and everybody will panic sell to 350. At 350 people figure there are cheap coins at 266 and will sell to get there. Reaching 266 total panic will break out and we will drop to 180. holly molly i bought too early... |
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Is it me or does the OP keep changing the Poll question after people voted to suit his bullish agenda?
I am sure the question I voted on said "will the price be below $500". So i voted yes.
Now it has a different question, with the same votes/results...
or should I stop drinking?
pretty sure i reset the votes, i try to change the poll daily and always reset the votes. |
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That article doesn't make me feel uncomfortable. I called you a knucklehead because that's exactly how you act sometimes. You refused to say why this is relevant to today. You refused to acknowledge what others have said in response. You refused to concede an inch ever.
I didn't answer because I thought it obvious. It's relevant always so long as Bitstamp is a major exchange. Might interest people who deal with them (I do too for lack of better options). I didn't concede an inch because I see nothing to concede. Seems to me it is illegal in the same way as gambling and securities running outside of the US to have an exchange running outside of the US that does not comply with US regulations yet serves US customers. So I agree to disagree. Yet the guy who talks about it on that article specifically saying: Mr. Cohen said the Treasury Department is working with other governments and multilateral institutions to seek to draft consistent rules for digital currencies around the world. He said the international Financial Action Task Force, which sets standards for anti-money-laundering and counterterrorist financing practices, will later this year release a paper that will update common definitions for digital currencies and lay out potential benefits and vulnerabilities for the sector. I saw it, but I don't understand why them working on internationally harmonizing AML/KYC rules in the future would change the present regulations where exchanges must be registered. Are you assuming they will not enforce it until they come to an understanding with other governments? I am not assuming anything about any world's government rules, they can do whatever they want really. But I am looking at current situation and don't see it as threat. USA is pretty friendly to Bitcoin and unless they are making us all fools  they won't do anything hard to harm it. And again as I wrote in answer to Walsoraj, we already have FINCEN registered exchanges and many more to come so it's not an issue at all. If Bitstamp is not good to do the business with USA (and they made enough money to register with FINCEN if required) someone else will do. what is this new FINCEN registered exchange? |
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lol yes! that much is clear. |
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unless I am a large scale ASIC producer.
...
I could dump all the coins I produce and make really fast and big profits.
Even if hardware is free, which it is not, exponentially rising difficulty means it will cost more than $500 in power alone to produce 1 btc this time next year. It would be utterly insane to sell mined coins into the market. You only sell if you have a contractual obligation with a fund. I know miners who do have such obligations. Their customers are not selling those coins at these prices, no sir. There's some big operations using renewable power now, I've not done the sums but they should be profitable at much lower levels. Imho its the only direction mining can take as electricity costs translate almost directly into profits. Renewable energy is expensive to generate and the valuable but somewhat perishable ASICs can't be sitting idle when the sun doesn't shine and the wind doesn't blow. I'd like to see the cost calculation of these renewable miners. I highly doubt it makes sense. i've been looking into solar for fun and it seems to me pretty much any size system will take about 10years to pay itself off It almost makes more sense to buy into some guaranteed 1-3% investments... But there are some real advantages to owning a solar system, when there's a power outage your pretty much unaffected... hmm that is all i guess. cleaner for the environment is some what debatable took a lot of energy to build the system, the batteries certainly aren't environmentally friendly... pretty sure solar doesn't make much sense. we have an 'on grid' system and it makes heaps of sense...folks here can't get a system quick enough...power costs have close to doubled in the last 12 months and are set to rise further...we only have six panels but make enough power that our bills are going down. Many are getting 12/15 panels and actually getting credits. But we get more sunshine hours than most  As for the investment, it will take about 6 years to 'pay off' in our example but you also have to remember that it adds considerable value to your property both economically and socially. Most people also report getting a good feeling by doing the right thing environmentally (but I know most here care little for the environment)Battery systems are a different beast. Power goes out...play cards, talk to each other, enjoy the lack of 'hum'. I can see how it would make tons of sense in area where you get a lot of sun and power cost are high. not sure it makes much sense here in the north. i'm hoping the tech improves a bit, then i might be incline to set up a small system and help the environment in a small way, getting a good feeling by doing the right thing, is almost as good as BTC profits, almost!  |
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unless I am a large scale ASIC producer.
...
I could dump all the coins I produce and make really fast and big profits.
Even if hardware is free, which it is not, exponentially rising difficulty means it will cost more than $500 in power alone to produce 1 btc this time next year. It would be utterly insane to sell mined coins into the market. You only sell if you have a contractual obligation with a fund. I know miners who do have such obligations. Their customers are not selling those coins at these prices, no sir. There's some big operations using renewable power now, I've not done the sums but they should be profitable at much lower levels. Imho its the only direction mining can take as electricity costs translate almost directly into profits. Renewable energy is expensive to generate and the valuable but somewhat perishable ASICs can't be sitting idle when the sun doesn't shine and the wind doesn't blow. I'd like to see the cost calculation of these renewable miners. I highly doubt it makes sense. i've been looking into solar for fun and it seems to me pretty much any size system will take about 10years to pay itself off It almost makes more sense to buy into some guaranteed 1-3% investments... But there are some real advantages to owning a solar system, when there's a power outage your pretty much unaffected... hmm that is all i guess. cleaner for the environment is some what debatable took a lot of energy to build the system, the batteries certainly aren't environmentally friendly... pretty sure solar doesn't make much sense. |
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Breaking News: If no one buys we wonŽt go up If no one sells, we won't go down. I have to think about that, but there might be some truth in it. For now, Chona started dumpin a little bit. WeŽll see how low this will go. 3600B mined a day. Selling wont stop. 3600B mined doesn't mean 3600B on the market to sell and how much fiat is coming to the exchanges from people who want to buy&hold? most miners are mining for bitcoin not fiat. do you have a source? ya me. |
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Breaking News: If no one buys we wonŽt go up If no one sells, we won't go down. I have to think about that, but there might be some truth in it. For now, Chona started dumpin a little bit. WeŽll see how low this will go. 3600B mined a day. Selling wont stop. 3600B mined doesn't mean 3600B on the market to sell and how much fiat is coming to the exchanges from people who want to buy&hold? most miners are mining for bitcoin not fiat. |
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they broadcast a 2 hour long documentary about it then they ban it but not really then they say the rumors that they were really banning it for good is false then they ban it for real then they ....??buy them all up, wait a week, rebroadcast a 2 hour long documentary about it, and be like HA HA we got all yours Coinz, but its cool you can buy them from a trusted source now ??  |
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Inspirational Buy All the Bitcoins SpeechSons of the internet, I am AdamStgBit, and I see a whole army of my countrymen here in defiance of closed source centralized systems, you've come here to buy and sell on the free market, and a free men you are ( expect for Jorge, sadly...). What will you do without FREEDOM!?? WILL YOU BUY!? "No! No! we will sell and/or hope for lower prices, if not, least we'll have some fiat, to pay the bills" Ya ok, buy now and you might lose, sell now and you'll have some fiat to pay the bills. At least a while... And drowning in debt many years from now, would you be willing to trade all the days from this day to that, for once chance, just one chance! to come back here and tell the bankers that they may take our mortgage payment directly out of our accounts without asking, and even take the house after taking all our money, but they'll never take our BITCOINS!!! 
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Jorge wants those coins cheap!
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I BELIEV IN GODL PARITY
market cap wize  |
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Already 550BTC of asks to replenish the 1.25kBTC buy in just a minute? How is that not bearish...
Because right now there is pretty much infinitely more fiat in the world than coins.... coins are rare. .... is there infinite fiat on the exchanges? No? Then STFU. Wow... onery... short get squeezed? so you are saying that A) you know how much money is on the EXCHANGE not the order book? and B) that there are more coins in the world than fiat? Hmm. You could say his manner is a bit short. lol |
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Goddammit I'm bitcoin's worst trader, today's masterpiece: I shorted at 487.
Simply doing the opposite of my decisions is one of the best indicators available
why do you keep shorting? we're like really close to bottom... we might even be below bottom. hehe I don't know, after I have lost 21 bitcoins at MtGox I have been trying to trade as aggressively as possible with my remaining 4 bitcoins only on 2.5 leverage to somehow have a chance at getting my savings back  Quite a sad story, especially since bitcoin's price was to me in fact always the least interesting aspect of this technology this is probably why bitcoin is so god damn low everyone is shorting max leverage to cover gox loses PS if you take a long at above 510 you really need to stop what your doing and HODL! |
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