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Can anyone confirm that their charts as well say that $650+ is coming in a few hours?
Yes. I've been charting for a few months now and I'm delighted with the results. Here's my latest.  Thank you!! A+++ technical analyzer. Will gladly listen to again. |
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That guy is gonna need a lot more than bitcoin - how about some singing lessons?
You don't get the point right ? How bad he sings is not the concern ,he is promoting and using bitcoins is.You know that is the best possible way to make people aware of bitcoins.Seems like in few days even beggars will give up on cash. French street person who can't sing sings for bitcoins  |
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Damn how hard would it be to hire an IT professional who would be doing a daily backup of the company's vital data on a dedicated server? Surely a couple of hard drives and an average salary would be cheaper than a huge random ransom out of the blue one day right? I think companies should up their cyber security and not waste resources on paying criminals in the first place. How can companies with so much capital fall victims to ransomware attacks? Is it just negligence form their side or the hackers are just that good nowadays?
Why not share your vast IT sec expertise with these companies? I'm sure they'll appreciate it  it is shamful because fiat has been used by criminals for years and i dont here anyone complaining about that.....
Sure you did, Friend, sure you did. Regular folk just don't call it called fiat, they call it "money." All them crime dramas on the telly about bank robbers and meth cooks? Yeah, those are about fiat. |
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Gentlemen, the reason behind the recent bitcoin pump can finally be shared Companies Are Stockpiling Bitcoin to Pay Off CybercriminalsA small survey by corporate networking company Citrix indicates that some IT professionals are even stockpiling bitcoins so they can pay up quickly in the event ransomware strikes their network. Out of 250 IT and security workers at U.K. companies with more than 250 employees, a third said they were stockpiling the currency. A researcher at Cornell recently tweeted that the university’s treasurer created an account with the Bitcoin exchange Coinbase so as to be ready if ransomware struck. https://www.technologyreview.com/s/601643/companies-are-stockpiling-bitcoin-to-pay-off-cybercriminals/Yeah right..... This is one thing that they can do, but probably a better thing that they can do is to spend some money to improve the security and vulnerabilities of their computer systems. I got an even better thing they could do: Call the jackbooted gubermint Jews, and explain how beetcoin criminals are stealing the shekels that rightfully belong in their secret Jew caves. But hey, feel free call up those companies; share your valuable network security wisdomz. You cannot be serious to actually believe that one news article (like the one you provided) reflects any kind of accurate rendition of various approaches that actual UK companies with more than 250 employees are actually taking in respects to preparing for possible ransom attacks and preventative measures as well? And, surely, once they are in fact attacked, they may have to reconsider how they are going to handle the actual attack when it converts from hypothetical to actual. A survey of 250 IT and security workers at U.K. companies with more than 250 employees. Either a statistically meaningful sample, or it isn't. My personal beliefs are neither here nor there. It's a survey, not even a formal study, I can't begin to guess how accurate it is. If you feel that ransomware isn't a a real threat, you're mistaken. It's real. |
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Gentlemen, the reason behind the recent bitcoin pump can finally be shared Companies Are Stockpiling Bitcoin to Pay Off CybercriminalsA small survey by corporate networking company Citrix indicates that some IT professionals are even stockpiling bitcoins so they can pay up quickly in the event ransomware strikes their network. Out of 250 IT and security workers at U.K. companies with more than 250 employees, a third said they were stockpiling the currency. A researcher at Cornell recently tweeted that the university’s treasurer created an account with the Bitcoin exchange Coinbase so as to be ready if ransomware struck. https://www.technologyreview.com/s/601643/companies-are-stockpiling-bitcoin-to-pay-off-cybercriminals/Yeah right..... This is one thing that they can do, but probably a better thing that they can do is to spend some money to improve the security and vulnerabilities of their computer systems. I got an even better thing they could do: Call the jackbooted gubermint Jews, and explain how beetcoin criminals are stealing the shekels that rightfully belong in their secret Jew caves. But hey, feel free call up those companies; share your valuable network security wisdomz. |
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American Street Person Accepts Crack. Banksters worried. |
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It's been scientifically proven that bitcoin exposure turns you into a deviant.
Funny because it's true? It's not that bitcoin turns people into scumbags, but that those attracted to bitcoin are already latent scumbags. Sawed off shotguns don't turn people into criminals, but odds are the guy carrying a sawed-off is one. |
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Now my take on this is that the more bitcoin is linked to nefarious activities, the greater the allure. Any news is good news for bitcoin as far as adoption goes by the masses.
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Gentlemen, the reason behind the recent bitcoin pump can finally be shared Companies Are Stockpiling Bitcoin to Pay Off CybercriminalsCompanies are stockpiling real money in case they need real money to pay off someone that doesn't accept anything but real money. Makes sense to me. Just sharing the excellent news, brah! Moondance party? *Do wish dum mainstream press cucks would stop using loaded, archaic language. WTF are "Cybercriminals"? Do they mean paradigm-shifting disruptors? Zionist shill propagandists continue to victimize crypt0enterprenurs to defend their legacy banking & stifle progress... |
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Gentlemen, the reason behind the recent bitcoin pump can finally be shared Companies Are Stockpiling Bitcoin to Pay Off CybercriminalsA small survey by corporate networking company Citrix indicates that some IT professionals are even stockpiling bitcoins so they can pay up quickly in the event ransomware strikes their network. Out of 250 IT and security workers at U.K. companies with more than 250 employees, a third said they were stockpiling the currency. A researcher at Cornell recently tweeted that the university’s treasurer created an account with the Bitcoin exchange Coinbase so as to be ready if ransomware struck. https://www.technologyreview.com/s/601643/companies-are-stockpiling-bitcoin-to-pay-off-cybercriminals/ |
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Sold my house this week. My mortgage was the last thing requiring me to have a bank account. Last mont my landlord started taking bitcoins for rent. He is happy.
Now to get all of that equity into bitcoins quickly.
I think I found a buyer for you... In a period of time, I have been buying bitcoins only in cash and amassed over 800 btc, I keep them in several wallets. Now, I'm in a need of buying some stuff unfortunately you still cant buy with btc nowadays - car, wedding ceremony, paying for some travel trips, general spending in life etc. So I need to cash out at least 250 btc, but the problem is the taxes. Im willing to pay them, no issues, but I think they'll cause me some troubles as people may think this money comes from illegal operations, which is not true but I have no way to prove it. https://np.reddit.com/r/Bitcoin/comments/4n1680/cashing_out_a_big_sum_of_btc_without_getting_in/ |
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Fuckin' Jews. They're everywhere... |
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Why would you buy a coin just to sell it at a lower price?
Why did BBQ coiners buy BBQ coins, just to sell them for less? WTF is wrong with them? Didn't they realize that BBQ supply is limited, and, at each block reward halvening, their precious is *MATHEMATICALLY GUARANTEED* to double in price? FFS, how stupid those BBQers were! If they just held, they'd be rich as shit!!11! I don't know what happened to BBQ coin and i don't care, because bitcoin isn't the same This sort of willful ignorance, this willingness to cling to religious faith in their precious, that it's the Only True One, a special, unique snowflake, completely unlike scores of schemes structurally *just like it*, is what keeps people stupid and poor  |
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Ughh ingenious  following that logic lets Step 1: Increase difficulty 10x fold, thus increasing cost of production for all miners 10x Step 2:  Step 3: Bitcoin to da moon??? Just have to somehow get the note to investors for them to check the current productions costs before they decide the utility value of BTC and how much they should be willing to pay for BTC A transaction has 2 sides, a buyer and a seller Let's assume some people sell for less than the cost of production, eventually they will run out of coins to sell, No, they won't run out of coins to sell. If the people who own the (what, 16 million?) coins mined up to date, *those coins don't disappear*. They could be sold again and again, at a lower or higher price. Because that's how money works. and the only new coins on the market will be either coins that were bought before and resold (usually t a higher price, because no one would like to sell for less than they bought for, unless forced to do so).
Remember BBQ coin? Who forced the shrewd BBQers to sell their precious at a loss? How is it possible that BBQ-flavored monopoly money asset with artificially limited supply is now worthless? According to you, it can only go one way -- to the moon! |
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And only hours to the (>$15) drop. Not trading advice, have been wrong before. But not often И на старуху бывает проруха $564. Feels a bit better |
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^Respect my inner nerd! I was around here when mining IPOs were telling people how waste heat wasn't waste heat, how it will be used to heat apartments and how Novec immersion cooling would drive power-generating turbines. It hurt. These scars never heal...   And only hours to the (>$15) drop. Not trading advice, have been wrong before. But not often И на старуху бывает проруха |
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This whole concept of "production cost must equal/below product value" is fishy, failed labor theory thinking, marxist bs, totally debunked and failing basic logic since 100+ years. And you were doing so well up to here The cost of production does need to below retail price, otherwise you're losing money. "Value" is a different variable altogether, so having price (cost) on one side and "value" on the other is comparing apples to oranges. Nothing Marxist about any of this. That is labor theory of value thinking what you are saying, if you think that as a macroeconomic phenomenon: " The cost of production does need to below retail price, otherwise you're losing money" A whole industry can only be "unprofitable" if they produce mud pies. If i am losing money, that means i made a bad speculation about future demand, and i oversupplied the market, With you thus far... AND my production costs are greater than the guy next to me.
That's where you loose me. If you're making hula hoops & you need to sell 10k hulas/day @$5 to make ends meet, and your buddy, the other hula manufacturer needs to do the same, you're both up shit's creek. Him going out of business won't help you much either -- you both grossly overestimated hula demand Not that the market does not appreciate my precious product and too evil to buy it from me for the "fair price". I either go bankrupt hence reducing the supply on the market totallity or make demand for my product.
How could the definition of value be different on the production side, and on the consumer side? Price (cost) is just the numerical expression in some unit of account of the value of anything that can act as an economic good.
I denominate cost in $, how do you denominate value? Or are you using "value" as just another word for cost? And that is where the problem lies. No sane investor will start making hula hoops BEFORE making a gross calculation about demand!!!!! That is a paramount of importance for my argument, that you can not separate production (supply) from consumption (demand), not even in theory. The whole point of production in the end is satisfying needs, profit is just an incentive to do it the most efficient way (that is why market economy leads to abundance, and socialist planning leads to shortages and lines). We're dealing with hula hoops. 1. Before the first [hula hoop, smart phone, beetcoin] was made, there was exactly zero demand for hulas. Supply generates demand, [plug in some trying network effect analogies here]. The shrewd hula entrepreneur does not aim to satisfy demand, his business plan is to ride the crest of increasing demand, demand that he, himself is helping to create. Accurate estimates become much less likely. 2. The Hula magnate doesn't know how many other disruptive visionaries will manufacture hulas, so tries to reduce his cost of production via economies of scale (helicopter hangars & Chinese chicken coops chuck full of hula gear). 3. There's also the real world. Success of a real business is not a profit/loss balance sheet. Disruptive visionary sells his paradigm-changing brainchild to *investors*, who go on to fund his & his clan's lifestyles while the enterprise is in operation. The investors, in turn, may use the storefront to move large sums of money, etc., etc. The business doesn't need to succeed in the vulgar sense, see nearly every BTC business ever. So in your example, not necessarily both of us would go bankrupt, because if i shut my factory down, the gross supply of hulas going down, and may or may not find a new marginal utility among the buyers (aka, it increases in price/unit, till it reaches 5$, or not, still depends on the demand. But that is what marketing is for, to create "surplus demand"!).
In my example, both of us will go bankrupt because both of us grossly overestimated hoop demand (which dwindled/failed to materialize). To model beetcoin/halvening situation, our gross revenues are cut in half, so our net goes into negative, because fixed costs. This doesn't assure that both of us *will* go bankrupt, but such an outcome isn't impossible. |
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