what do i claim to uncle Sammy?
You claim everything. How hard can it be? |
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Lol. The price would rebound in a matter of minutes. I would buy back hundreds of Bitcoins alone if price falls that hard.
You would buy hundreds of bitcoins at around $100 each? What, everyone suddenly has $50,000 lying around they can freely spend? You are talking to a forum full of Bitcoin early adopters. Surely a few of them sold 50 bitcoins at $1000 each. |
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Trading irreversible forms of money for reversible forms of money is always going to end badly. I'm sorry that you had to learn the hard way.
You're right, should've holded onto the BTC like the rest of the speculators. You could have used something like localbitcoins.com and traded them directly for cash. |
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Seems the moral of the story is anyone involved in bitcoin business, legit or not, really ought to bug out of the USA, and find a free country to do business in.
I hear Somalia is a nice place to set up shop... The conditions in Somali are a result of multiple failed corrupt institutions in a sequence. Maybe you can "Un-corrupt" them with the magical power of Bitcoin? Then you can go on to free(rule) all of Africa. Sorry, as cool as Bitcoin is, you don't undo decades of destruction with a magic wand. I don't want to rule anything, especially other people. What a tiresome job that would be, like herding cats. Cats or Sheep, same thing? No... not at all. You must misunderstand the phrase. |
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I'd say most Americans lack a knowledge of what freedom means, from a constitutional perspective. They've been raised (as was I!) in this system with all the messages and such... Most never really question what they're taught. They just follow the herd, keep their heads down, follow celebrities.
"waking up" as it were, takes a lot of effort and can be frankly painful. Most people resist it with everything they have.
Waking up will take something other than a bunch of internet che guevara wannabes, who btw got his ass holed in while in the jungles of bolivia because reality turned out a little different than his fantasies. Your kind are the easiest to manipulate. This kind of juvenile bullshit 'rah rah rah fite da powa' is not freedom, neither is it 'exercising your rights'. It's just a whole lot of bitching. Fish rots from the head. Head of democracy is supposed to be level-headed, courageous and responsible people who have some back bone. Since we got a bunch of internet cunts acting the role, you are the greatest contributor to the degradation of democratic values and freedom - simply because you don't have what it takes to deserve them. Look to yourself before getting mouthy with the 'establishment'. Can't even take a breather to stop bitching and barking at 'THE MAN'. Democracy? LOL. |
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Does anybody know how many coins Shrem has? I bet the FBI takes them too. What if I told you that Shrem works for the FBI... Would that be an unexpected turn of events? Not really... |
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Seems the moral of the story is anyone involved in bitcoin business, legit or not, really ought to bug out of the USA, and find a free country to do business in.
I hear Somalia is a nice place to set up shop... The conditions in Somali are a result of multiple failed corrupt institutions in a sequence. Maybe you can "Un-corrupt" them with the magical power of Bitcoin? Then you can go on to free(rule) all of Africa. Sorry, as cool as Bitcoin is, you don't undo decades of destruction with a magic wand. I don't want to rule anything, especially other people. What a tiresome job that would be, like herding cats. |
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Does anybody know how many coins Shrem has? I bet the FBI takes them too.
Pfft... not enough to matter. Of course the Feds will take them. He wouldn't bother taking the appropriate precautions. |
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Why are you such a saint?
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Shorting at 750...
oops. good luck with that! Yeah, thanks for the good luck So... what are you using BitStamp prices? Is your short almost in the positive (again) or did you cash out at 725? |
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Seems the moral of the story is anyone involved in bitcoin business, legit or not, really ought to bug out of the USA, and find a free country to do business in.
I hear Somalia is a nice place to set up shop... The conditions in Somali are a result of multiple failed corrupt institutions in a sequence. |
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Trading irreversible forms of money for reversible forms of money is always going to end badly. I'm sorry that you had to learn the hard way.
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...
Some people in this thread think gold is on its way to 0 and its dead.
...
Not zero... I'd say, though, that it'll eventually lose *most* of it's monetary-use premium. That's a bit tough to tease out; the other main domains for gold are industrial use and jewelry. Industrial use accounts for what, about $300/oz? And then the demand for jewelry is all convoluted with its historical moneyness, so I don't know how to treat that (though I'm aware that about 50% of above-ground gold is estimated to be jewelry). So maybe the floor once gold is finally (and correctly) no longer seen as a monetary instrument/asset is somewhere in the $300-$600 range. Monetary-use premium? Where exactly is it used for money these days? Porcfest? A few gun shops in Arizona? A few village merchants in remote areas of Myanmar? I would say that right now it's "moneyness" accounts for a VERY small percent of its current demand, and it's "hoardiness" (similar to moneyness but little to do with transactional value) as well as its speculative value, is responsible for most of its non-industrial, non-convoluted-with-jewelry demand. Does that make sense? Obviously something that is used as money is in demand to be used as money, and usually things used as money are also good for hoarding. HOWEVER - what we're seeing with gold is rather unprecedented - most of the world has completely abandoned it as a transactional currency. But much of the world still hoards it! Central banks (esp. eastern CBs), asians, libertardian American stackers, etc. The demand is not for gold as a transactional currency - demand would be much higher if that were the case - but for gold as a hunk of metal to hoard for various reasons - inflation hedge, SHTF hedge (however misguided that may be), deflationary store of value (as unsuccessful as that's been the past couple years.) I'm not necessarily saying gold ISN'T headed for $0, but if even a small fraction of its former demand as a transactional currency were restored (in addition to retaining its value as a hunk o' hoardiness), combined with the artificial supply from the paper market collapsing (which it won't, ever) it would indeed make gold holders quite happy. It's a pipe dream, and it's not MY pipe dream, but it's one of many things that could happen, and that's why Goat has a small % of his portfolio in PMs. That rant would likely apply just as much to bitcoin as it's current main purpose is very much the same hoardiness you attribute to gold. Granted the current trend lines seem to be headed in the opposite directions for XBT vs Gold in that regard. But long term who knows. That's the beauty of Bitcoin. It can have all the "hoardiness" of Gold while being extremely easy to transact with as well. Hence Gold 2.0. |
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Cookies? They share data? The feds own both of them? Aliens?
As you can see, it's clear that I have no idea.
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i hope fbi take down half of bitcoin foundation member next.
Wow. What do you wish upon your enemies? |
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... authorities arrested someone involved with silk road... Bitcoin took a dive for a day or so... then marched up ten fold
There are several events driving today's movement - Not just this one. Were they TA events? |
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Is there a way to your knowledge of increasing the limits of $5k for one transfer and $10k per month?
Okay, it is written here: https://support.mtgox.com/entries/21651045-AML-Account-StatusesIf I want to upgrade to Level 2, do I need to to notharize with apostille only my ID or also a utility bill? Does someone know? I think you need to beat Bowser at the castle to get to level 2. There might be a shortcut. |
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Well actually there is a law. It is the BSA (or more correctly "The Currency and Foreign Transactions Reporting Act of 1970"). The BSA gives FinCEN rather wide latitude in determining which institutions fall within its scope, and what regulatory requirements they must meet.
Which has nothing to do with bitcoins. @jballs - awesome name Did BitInstant only deal in bitcoins? ""The Currency and Foreign Transactions Reporting Act of 1970"" doesn't apply to selling bitcoins. Of course Feds will say anything since they have the most guns (for now). Does "The Currency and Foreign Transactions Reporting Act of 1970" apply to fiat transactions. Did BitInstant make fiat transactions? huh? I bought Jack n the Box today transacting with fiat...am I subject to "The Currency and Foreign Transactions Reporting Act of 1970"  ? No...derp Oh, come on. Were other people paying for your sandwich by depositing fiat into your bank account? |
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Well actually there is a law. It is the BSA (or more correctly "The Currency and Foreign Transactions Reporting Act of 1970"). The BSA gives FinCEN rather wide latitude in determining which institutions fall within its scope, and what regulatory requirements they must meet.
Which has nothing to do with bitcoins. @jballs - awesome name Did BitInstant only deal in bitcoins? ""The Currency and Foreign Transactions Reporting Act of 1970"" doesn't apply to selling bitcoins. Of course Feds will say anything since they have the most guns (for now). Does "The Currency and Foreign Transactions Reporting Act of 1970" apply to fiat transactions. Did BitInstant make fiat transactions? |
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..delete..
Apparently you've determined the problem. |
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