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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 06, 2014, 08:53:10 AM
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But it is true: I did sell all my BTC to invest in XRP, months ago. And I have been doubling my XRP holdings every day since then, as I did before with BTC.
Ah that explains so much. I dumped the 200,000 ripple i was given in January for 5.5 bitcoins (at the time around $4000 I think). That same ripple today is worth about 2.8 bitcoins, or $1000 ish. Ripple holders .... the only people who've done worse than btc holders this year Also I doubt you're doubling your holdings everyday, or you'd quickly run out of cash http://en.wikipedia.org/wiki/Wheat_and_chessboard_problemThere are a large number of alt-coins that have done worse than BTC in the last year - probably, quite a few of them that was sufficiently in existence in the last year has done worse than bitcoin in the last year... it would be easier to count the ones that did NOT do worse than BTC in the last year than to count the ones that did do better than BTC. shhhhh, i'm just feeding the troll |
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 06, 2014, 05:46:31 AM
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I am beginning to wonder if I was wrong about Jorge not being a troll...
I've been calling him a troll for some time If you started 350 days ago I really can't be arsed to calculate it, but either way you're clearly full of shit even if you only started with 0.01 btc or a few satoshis.
Which obviously means he has 0BTC. Pretty easy to double 0BTC everyday now ain't it.  Yeah, but is it possible to sell 0 btc to buy 0 xrp? Pretty sure that just makes him full of shit, if he's claiming to have something and double it daily but really has zero, it's not clever semantics, it's bullshit. |
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608
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 06, 2014, 05:15:37 AM
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The last paragraph in my quote above is not mine, of course; it was inserted by @walsoraj. A weird sense of humor, or the desperation of a bag-holder?  But it is true: I did sell all my BTC to invest in XRP, months ago. And I have been doubling my XRP holdings every day since then, as I did before with BTC. Considering I am one of your alt accounts, technically you wrote it. Not a bag holder. Just trying to help. I can only imagine how much xrp you now have considering you were long suspected to be The Great Manipulator with tens of thousnds of btc. Sorry about that, sometimes my other personalities get on my nerves. Never mind. My holdings are easy to compute: I learned about bitcoin ~350 days ago, and I have been doubling my hoard every day since then. I am not the Great Manipulator, of course. Watashi-wa Nakamoto Satoshi-san desu, but don't tell that to anyone. if you started with 1 btc 30 days ago and doubled every day you'd have 1,073,741,839 bitcoin by now. If you started 350 days ago I really can't be arsed to calculate it, but either way you're clearly full of shit even if you only started with 0.01 btc or a few satoshis. http://www.al6400.com/blog/2006/07/10/a-penny-doubled-everyday/ |
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 06, 2014, 04:22:41 AM
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(By the way, some bitcoiners seem to be trying to convince people to adopt bitcoin by telling them that money sucks. I sense a problem with that marketing strategy: it seems that many people have used money sometime in their lives, and may even have enjoyed the experience -- unlikely as that may sound. ) If anyone is telling you money sucks, they are sure right about this junk. Fortunately, I never had to use it, and really pity any poor soul who had to.  i want to buy one with bitcoin... Why spend bitcoin when you can spend a few "bits" on this stuff. I am sure the Brazilian public loved the inflation is good mantra when these were being printed. I have some million dollar notes somewhere, from Zaire. They're pretty cool edit, maybe 100 million, i forget |
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 06, 2014, 04:12:23 AM
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All of this leads me to the conclusion that Ripple is the future of cryptocurrency. In fact, I am currently in the process of selling all of my assets to invest solely in XRP.
Jorge, thanks for your thoughtful comments. I'm bullish on Ripple too, but I wouldn't recommend anyone invest more than 50% of their net worth. Ripple is not a get-rich-quick scheme like bitcoin. It might take 6 months to a year before the first mega-bubble. Be smart and patient. lol I didn't realise Walsoraj had edited Jorges comment to add the selling all his assets parts. I thought Jorge was going full retard |
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 06, 2014, 04:04:55 AM
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THIS is what Bitcoin is. The ability of Random Matrix Math to solve the human greed factor. The flaw is not the money. It's US.
People often suggest there is a greater "Math" behind why bitcoin is limited in supply. Basically it is a few lines of code in the protocol an the fact that the majority of miners and users follow that protocol. It is horribly trivial to change the supply of bitcoin to an arbitrary amount if there was enough backing by the community for it. Saying it is impossible to change is having a fundamental misunderstanding of how or why bitcoin works What you say may be true. But bitcoin's value proposition lies in those few lines of code. And that is why they will never be changed. Bitcoin was meant to be an e-payment method (decentralized, trutless, etc.). A fixed bitcoin supply is not necessary for that goal. Indeed, bitcoin is being used in that role, in spite of still having 10%/year inflation (and even higher in the past). And dollars and euros work fine as payment methods, in spite of their "horrendous" 1-2%/year inflation rate. Thus, the argument that "raising the emission limit would destroy the value of bitcoin" does not sound convincing. Hoarders would be very unhappy, of course. Miners, however, may someday find it advantageous, especially by the time they are expected do depend on transaction fees instead of block rewards. Block reward is steady and predictable, whereas fees depend on transaction volume -- which will probably shrink substantially if fees became mandatory. People who use bitcoin for payments may not care, or may prefer block rewards because they provides "free" transactions. It has been argued that, if some miners tried to change the protocol, the rest of the network would stick to the old one. However, this correction mechanism has never been tested, and it seems difficult to predict what would happen, in all possible scenarios. (After all, it was "proved", with the same certainty, that altcoins would die as soon as they were born.) What if those "some miners" had 70% of the hash rate? What if a large subset of the users became convinced that the change was necessary for the health of the network, or got some immediate benefit from it (such as no-fee transactions)? What if payment processors and merchants accepted only the "new" bitcoin? (By the way, some bitcoiners seem to be trying to convince people to adopt bitcoin by telling them that money sucks. I sense a problem with that marketing strategy: it seems that many people have used money sometime in their lives, and may even have enjoyed the experience -- unlikely as that may sound. ) All of this leads me to the conclusion that Ripple is the future of cryptocurrency. In fact, I am currently in the process of selling all of my assets to invest solely in XRP. Jorge, thanks for your thoughtful comments. I'm bullish on Ripple too, but I wouldn't recommend anyone invest more than 50% of their net worth. Ripple is not a get-rich-quick scheme like bitcoin. It might take 6 months to a year before the first mega-bubble. Be smart and patient. ahhahahahahaha |
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Economy / Service Discussion / Re: PBmining - legit?
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on: November 06, 2014, 04:01:12 AM
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Don't forget the 20+ bitcoins a month they spend advertising their ponzi here in your calculations of costs.
They also advertise on google, if they spend $6000 a month here no reason to believe their google advertising budget isn't larger. Google charges $2.30 per ad on page 1 for "bitcoin mining" and there are 200,000 searches for that keyword every month.
Even if they only target 5% of that that's another $23,000 in advertising costs.
This is purely speculation of course, but considering the amount of google searches it would make sense for them to spend more money there than here
20 BTC is an exaggeration. They have ~40 people in the campaign with a rate of 0.1BTC, that makes it 4 BTC a month, if all of them get paid. If you consider the money that are in the crypto mining business these days 20 BTC start to look like spare change. look at their bids on the advertising threads here, i never mentioned signatures |
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 05, 2014, 09:56:02 AM
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He comes off like a dbag for the first minute or so, no doubt. No need for him to lead with "omg fukkin cultists" (or even use the term at all) because it shuts out anybody who doesn't already agree with him.
Based on that, I understand if most of you didn't get this far, but I'd like to hear your thoughts on his calling out the Winkles on pumping it up so they can dump at a higher price? You might believe in the technology, but do you think it is a cash grab for them, or do you think they're really on board with this?
people like the winkles are just trying to grab what they think is an opportunity to make money by exploiting something before people realise it's actual worth. Kinda like all the douchebag russian oligarchs who made billions/millions by swapping loaves of bread for shares in newly nationalised soviet companies with workers who had no idea of their worth. whether or not they are trying to get the greater fool to invest or they saw the value people did not remains to be seen i guess, and largely depends on whether bitcoin succeeds. |
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616
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 05, 2014, 08:51:15 AM
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I love that we have the internet just so that these idiots ignorance can eventually get exposed Didn't sound that unreasonable to me. It doesn't make much sense though. "the blockchain technology is this brilliant technology but the currency isn't any good" is his argument. Without the currency no one would be supporting the blockchain technology No one would be spending $ on mining if there wasn't a reward. |
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