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tl;dr?
Regulators have no teeth in the banking industry because they'll get fired for actually doing their jobs correctly. The banks have all the power in the relationship. The system is broken, we knew that, but this recording will be to banking what the NYPD Tapes were to policing. Well in an interconnected world of multi media, the truth will come out. But the question is, does american people will care enough? This story is *NOT* new or "breaking." This story is old, she lost her case to a judge who is the wife of a Goldman Sachs lawyer. So no, the American people wont care, because they already let it pass. Her case was a year ago. And we think it's just the fed who is rolling over. |
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It's too hard to get into the bigger ones right now, but you can always invest in the smaller ones.
My current business is funded in pure BTC from outside investors. That's not an invitation / solicitation, and I am not taking any investments at this time, but is just to make the point.
If you want to invest in BTC businesses, you certainly can. Just go find some that you believe in, and make sure you do it all legally, to protect yourself from the feds and from scammers.
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I really don't think you can say "will become." They are there.
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Bitcoin price is not indicative of the success or failure of Bitcoin the currency or protocol.
2014 is easily the best year for Bitcoin. For bitcoin, not really. The amount of people worried about the price not constantly going up is just proof that people purely care about their USD profits rather than the success of bitcoin. Quit caring about USD profit in the short term.
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Unless you are part of the socio-economic elite I cant understand why you are in such support of an exploitative system that at its heart is against you and your classes interest.
I am very much middle, if not lower-middle. I like where I am, I love my country, and I love that I had the freedom to be on my own. I love that I had choices to start a few companies in college while working a "wage slave" job and going to school, which gave me the freedom I have today. What system do you support? Does it exist anywhere in the world? |
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I usually spend bitcoin when price is high, and buy more when price is low. I use relative locations compared to the past ~20-30 days. So, I don't instantly buy back, but I end up with more than I started with overall.
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Most of us in western society understand as fundamental what is perfect explained in Maslow's piramid. You need MONEY for these. If your only income is your shitty job, you are shit out of luck. Unless you have SAVINGS, you can't just simply quit and "start your own business", that's unrealistic. You are a slave of your own work, if you don't agree, you've never been in that position or you were the small % that go nuts, quit their job, take a loan, and get a successfull business going (the small %, statistically). Poster SeaofBTC is delusional.
Alright, sure, if you cannot spell successful it'll be hard on you. I'm not delusional, you're just a coward. Plenty of careers to choose from, many of which are not laborious or 9-5 sludge. Check out working for a startup, working for a beach rental company, working for a non-profit... lots of non-conventional employment. If you still aren't happy, start your own business. You wont starve to death in the USA or most first-world countires. The only reason people beg on the side of the road is for money to buy drugs or alcohol, or they are a part of a crime ring being forced to do it, not really for food... or they are just mentally disabled, or do not know they can just go to a shelter. If you need food, you go to a church, shelter, or soup kitchen. If you aren't happy with the capitalist American way, you have many choices. If you want a more conservative culture, you have many options, a great place for a conservative right now is Australia. If you are looking for more of a liberal place, check out northern Europe. If you are looking for a socialist welfare state, check out China or Cuba. If you want lack of materialism, join an Amish society, or check out some of the Mexican Tribes, or rain forest tribes. If you want solitude and complete independence, look into subsistence farming, and live in the mountains off the land. If you want anarchy, check out this list of anarchist communities: http://en.wikipedia.org/wiki/List_of_anarchist_communitiesIf you want lack of materialism, and are annoyed at the amish, become a monk. There are many sects, some are not even religious. The main idea here is to give up all material possessions. If you just are looking to feel bad for yourself, to complain just to complain, and you're too lazy to just change your life, then keep on posting. Most people aren't and its difficult to break the wageslave loophole.
Wageslave loophole? How does one "break" a loophole? C'mon people, you're just throwing out words that sound good now. |
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Looks like the same news as anyone else who is "now accepting bitcoin." Instant BTC sales, with very few people buying back.
Short term rise of $45 cant compete with the downward pressure of the actuality of what the event means. Great for bitcoin, don't get me wrong, not great for the price though. Too bad most people feel like the price validates bitcoin, which it doesn't.
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Wow. This could be it. The mother of all sold at the bottom posts & solid confirmation of the next leg up! I feel for you. By way of consolation, I will send you 1BTC if we hit $5k before 2015, i'll double it if we hit $10k before December. At least now you got some skin in the game  have a great wedding and honeymoon Haha, thanks! I still have a lot of skin in the game. This was just a separate savings account for a specific purpose. I wouldn't consider selling anything else. You made the right choice. You were given some negative feedback this time, but that does not take away from the fact you made the right choice at the time. You knew you were going to have to cash out soon no matter what, and price was in steady decline. |
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People aren't "free to leave the job at anytime". If you are working a shitty job, it means you aren't able to find any better, and if you stop working, you are fucked as you can't pay the bills and basic needs. It's subtle slavery, while Mr King has a perpetual luxurious holiday. It's a joke.
So I suppose you just ignored 95% of what I said and continued using the ignorant term. You do not have to take part in the American Way. Capitalism is not everywhere, there are other societies for you to choose from. You can leave. Go join a different society, we'll show you the door. He has pointed an objective fact: You cannot leave a job that will leave you without your fundamental needs covered, because your biological preservation mechanism is telling you to not stop working because if you do, you'll not have food, water and shelter, and you don't want this. You are not free to like this situation, any sane mind doesn't like this. Therefore, under no alternatives, you aren't free to leave your job. This is a fact, and you seem upset at this fact. You can leave your job. I hated working for others, so I left. Started my own job, years later, still at it. I am not upset at an opinion. It's not a fact. People quit their jobs, leaving for a better place often. Those who don't, deserve to be unhappy. You can go to another country, go join a tribe, go be a part of an Amish society, whatever. The "basic needs" that people consider are really just luxuries. If you want the capitalist, materialist, luxuries, you've got to play the game. If you don't want to play the game, you do not have to. It's simply not a fact that you can't leave any time you want. Bottom line: not slavery. If you're not happy, get out. |
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Here's my longest running account with no funding changes from December 2013 to today: http://seaofbtc.com/harrisonkinsley/honeybadger/client/1 It will take a while to load. That's done by automated day trading, and it's done using a mindless grid-strategy that anyone could do by hand, it's not high frequency. I just choose to automate it so I don't have to sit there all day and don't miss any trades. Bitcoin is volatile, so it works, and I've significantly beat the market, but there are plenty of totally possible events that could leave me far behind market performance never to recover again. It's hard to know if your profits are a result of alpha or beta. Measured in BTC you are clearly ahead, but then you've probably been at least partly in USD a lot of the time. The market has been in a more or less continuous decline, so you would have archived about the same result by just staying 50/50 in BTC/USD. Unless the bitcoin price goes back up and you're still ahead you can't really know if your model beats the market in general or just the current market conditions. No doubt the decline has helped us to beat the market since we're not fully invested, but there have been multiple occasions when price has been in the positive gain, or the fund is at +20% while market is still in the negatives. The main account started while price was $700 per, and breaks even right now at $500 per BTC, while market is still - 27%. So sure, the decline has helped us beat the market, but the actual profit is gained from volatility, and we'd be beating the market with this much volatility in either direction. |
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People aren't "free to leave the job at anytime". If you are working a shitty job, it means you aren't able to find any better, and if you stop working, you are fucked as you can't pay the bills and basic needs. It's subtle slavery, while Mr King has a perpetual luxurious holiday. It's a joke.
So I suppose you just ignored 95% of what I said and continued using the ignorant term. You do not have to take part in the American Way. Capitalism is not everywhere, there are other societies for you to choose from. You can leave. Go join a different society, we'll show you the door. Capitalism has a monopoly over the world economic systems. You must partake or you will suffer even more greatly. Please list all of the places you've actually lived. Not what you've read online or seen on the television. Actually lived. If that list is exceedingly short, then go ahead and reference the places that you have personally visited. Since you know capitalism is this plague infecting everywhere, I imagine the list must be massive and very interesting. |
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I think you've missed the point about TA. To use TA is to employ back tested trading methods (based on trends, divergences, etc). To say your system is "back tested" and therefore superior just means you are employing a different method of TA.
Nope, I've got it. I didn't say anything about my strategy being back tested. My strategy has been forward tested, and the results are posted. That events into a historical graph, but that's not a back test. Those are real results. Back-testing using TA comes with serious data-snooping flaws. I am fully aware that there are people who believe whole-heartedly in TA. I prefer the true forward test of time. We can reference bitcoin, but we can also reference history in the stock market. TA, by far, consists mostly of pure losers. It's not an opinion. It is simply fact. There are a handful of TA people who have shown long track records of success. A true statistician can inform you that this is also with statistical certainty to occur for some. Maybe, just maybe, this 5-10% of successful TA people are really just plain good at what they do. Still, chances are, by far, it's not you. I know people take great offense to that, but it's just plain fact. Even me and my "successful" strategy, in the grand scheme of things can be utter crap. Most likely it is. Again, just a fact. |
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People aren't "free to leave the job at anytime". If you are working a shitty job, it means you aren't able to find any better, and if you stop working, you are fucked as you can't pay the bills and basic needs. It's subtle slavery, while Mr King has a perpetual luxurious holiday. It's a joke.
So I suppose you just ignored 95% of what I said and continued using the ignorant term. You do not have to take part in the American Way. Capitalism is not everywhere, there are other societies for you to choose from. You can leave. Go join a different society, we'll show you the door. |
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Imagine this:
person A has no money and is working 50% of his time to get paycheck, rest of his time he uses to sleep and be with family. 100% time used
person B has money, and can hire other people to do job instead of him , and he gets his own cut, therefore, he earns money without wasting time to do so, allowing him to spread his business more and more, earning more, and with no time wasted on actually doing anything.
there's also a word for this ; modern slavery.
People are being paid to do the work, they are not being forced to do the work, they can leave their job at any point, and usually they are actually very desperately wanting to have the work to do. This is debatable. People ARE forced to work to earn wages which are a requisite to survive in a capitalist system. No, it's not. You may leave at any time. Go join a tribe. It's not slavery, and it's gross to see that term being thrown around. Next people will be comparing themselves to Jews and gays in the Holocaust. Yeah, if you want to survive, you'll put in work in some form or fashion. You do NOT need to work for any company to survive even in the USA. You can do subsistence farming and live off the land. Do you want a TV with 400 channels, internet, two cars, a computer, and to eat out a few times a week? Yeah, you're going to need to participate in capitalism. It's all your choice. It's not slavery. |
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Imagine this:
person A has no money and is working 50% of his time to get paycheck, rest of his time he uses to sleep and be with family. 100% time used
person B has money, and can hire other people to do job instead of him , and he gets his own cut, therefore, he earns money without wasting time to do so, allowing him to spread his business more and more, earning more, and with no time wasted on actually doing anything.
there's also a word for this ; modern slavery.
That's a phrase, it's a play to emotions, and it's a bad one. You simply cannot compare the current state of affairs to slavery, as it doesn't satisfy the conditions of slavery at all. People really need to stop using slavery as a comparison to people who work jobs. You're severely diminishing the term "slavery" and exaggerating the 9-5 sludge. People are being paid to do the work, they are not being forced to do the work, they can leave their job at any point, and usually they are actually very desperately wanting to have the work to do. The term for person B is entrepreneur and person A is worker. We absolutely need both. Either you have entrepreneurs who create jobs, or you have the government create the jobs. We've seen both scenarios, we know the outcomes. In the end, I know very few rich people who do not work their butts off. Sure there are some trust fund kids... but please. People over exaggerate the "lifestyles" of the rich. Most rich aren't Kim Kardashian, and Donald Trump *does* work. He's a bad dude, got rich off screwing others, but he does work his butt off, so your premise is still wrong. Most importantly as well, if you feel your country is slavery because of capitalism, get the hell out. Go to Cuba, China, North Korea, Venezuela, or whatever country uses the type of system you want. Again it's not slavery. Pick up your lazy ass and go where you want to be. |
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Thought I would share my website here as well, SeaofBTC.comWe have a variety of graphs for bitcoin prices and market data. I'll post a few examples here: We offer search-able graphs to query against a database of full-granularity data. We average large datasets, but, if you look at something like 1-hour of data, you can get the full granularity, even from a week ago. Compared prices (BTC-e, Bitfinex, Bitstamp, and Huobi (Huobi on a separate axis)):  Buys and Sells marked specifically:  Pricing depth. I am still trying to devise the best way to visualize this data, but here's what it is now:  Price / spread. We also have compared to avg spread and percent spread  Completely full-granularity data example:  Remember the day on BTC-e when volume went absolutely nuts because of a bot or bots? Using these charts, I deduced it was actually just a single person: http://seaofbtc.com/bitcoin-news/a-deep-look-into-market-data-surrounding-the-btc-e-bot-malfunctionAnyway, thought I'd share. If you have ideas for additional charts that you'd like to see, I am all ears! |
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The law can only be enforced when US still have the influence and military might.
As soon as US lose that influence, no one will care what US want.
A law can only be enforced when the people chose to allow it to enforced. Anyone can decide to not follow the law, and nothing can stop them from the choice to not follow a law. What can be done is punishment for not following the law, after the fact. Punishment is only repercussion, and cannot stop someone from committing the crime before they do it.
That said, you can now be thrown into prison indefinitely for being a "suspected" terrorist. Still, that's really just the government breaking the law. The government, in this case, is just choosing to not be enforced by these laws. This is not entirely accurate. What suspected terrorists are jailed for is for planning a terrorist attack on the US. It is generally something along the lines of conspiracy to commit terrorism. I would also be surprised if many/any people would actually be opposed to this if it could be proven that people detained were people who were actually planning and hoping to carry out an act of terrorismThat is indeed the appeal to emotions card that is played. The problem is the suspected terrorist is detained on "proof" at the military/government side, but is only given a lawyer *after* the detainment on "strong suspicion," and the process of a lawyer acquisition is not quick. There is the ideal, then there is the real. The real is people are detained first, and then given a lawyer months later, years later, or, in some cases, they just happen to die in prison. Also, to speak to your "proof," most of the "terrorists" in, and who were in, Guantanamo Bay didn't wind up there by capture and proof from USA forces. They got there from middle eastern fighters. Why did these militant groups help us? Oh right, the massive bounties on any captured terrorists that were offered. Human rights are quickly tossed out the window when we mix military with government. Indefinite imprisonment based on a suspicion is just plain evil. The word "Terrorism" has an incredibly wide meaning, and can apply to a very large range of acts including much of what the USA does. "Conspiracy to commit terrorism" can encompass quite a bit. Heck, my posts here suggesting people can just simply choose to defy all laws could be construed as me conspiring with you all to be terrorists in the sense that we just don't obey any law of the USA. |
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Thought I would share my website here as well, SeaofBTC.comWe have a variety of graphs for bitcoin prices and market data. I'll post a few examples here: We offer search-able graphs to query against a database of full-granularity data. We average large datasets, but, if you look at something like 1-hour of data, you can get the full granularity, even from a week ago. Compared prices (BTC-e, Bitfinex, Bitstamp, and Huobi (Huobi on a separate axis)): Buys and Sells marked specifically: Pricing depth. I am still trying to devise the best way to visualize this data, but here's what it is now: Price / spread. We also have compared to avg spread and percent spread Completely full-granularity data example: Remember the day on BTC-e when volume went absolutely nuts because of a bot or bots? Using these charts, I deduced it was actually just a single person: http://seaofbtc.com/bitcoin-news/a-deep-look-into-market-data-surrounding-the-btc-e-bot-malfunctionAnyway, thought I'd share. If you have ideas for additional charts that you'd like to see, I am all ears! |
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If you want more people to join your club, it might help to spell investment correctly. Good luck with your trades.
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