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1441  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 20, 2014, 03:36:15 PM
Thanks to crashing XRP, bitcoin might see a substantial influx of money in the next days.

The high this week was $0.028 and its now $0.025. That's a crash?
That's less than a bitcoin fee.
1442  Economy / Speculation / Re: Its always the darkest just before dawn on: December 20, 2014, 02:48:06 PM
It's always darkest just before it goes pitch black!


What does that mean???

Then pitch black is the darkest.


it is a quote from Baron Rothschild...

........


Could you post a link to his quote please? I had no luck Googling for it.
Actually it was Sun Tzu's unpublished second book "The Art of Kicking Ass."
1443  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 20, 2014, 02:37:34 PM
Great. A 1500 ask wall to make sure we won't go up more.
Because that's what trading really means. Pushing the price down as much as possible. Because imagine your coins getting worth more. We can't have that.
When traders become gamblers, they lose. Greed works both ways. Let them have their fun. Bitcoin isn't ready for wide adoption yet.
1444  Economy / Speculation / Re: Its always the darkest just before dawn on: December 20, 2014, 02:33:34 PM
It's true that wallets suck right now. Hardware wallets are being developed using air gap, multisig, and 2fa. They will be easy and secure from attack. The dawn will be bright indeed.
1445  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 20, 2014, 02:22:36 PM
This is your last chance to get out of altcoins for bitcoins . They will soon be crushed at the next bitcoin drop.
1446  Economy / Speculation / Re: Can Bitcoin Rebound? on: December 20, 2014, 07:41:31 AM
Bitcoin will hit four digits again in the next 6 months or so. The technology is way undervalued at current levels.

this ^^
I do too, but only for qualified investors unless unless you work for your bitcoins. The days of unregulated trading will go away like torrent trackers and SR. Get them before the exchanges require a brokers license.
1447  Economy / Speculation / Re: Its always the darkest just before dawn on: December 20, 2014, 07:22:31 AM
When you think its over and all is lost.  We have bottomed.

I remember watching CNBC when the S&P was at 666 and it felt like the world was ending and nothing could turn it around.  That was actually the best point to invest in a lifetime.

Bitcoin will have its day and it will be glorious.

Ignorance is bliss. The S&P depends on US economy - large scale businesses. Bitcoin is 100% speculation.
There is the difference. Not only - the more it gets integrated as a payment method, the more merchants would benefit from lower values. When prices boomed it was because Chinese speculants drove it way over the line of resistence and market was severely overbought.

Bitcoin is based on Bitcoin economy. There are companies that deal with bitcoin on a regular basis.
Though, most short term trends are due to news and speculation, it need not be so in the long-term.
100% is NOT speculation.


S&P companies have MA (Material Assets) worth Billions including buildings, machines, vehicles, planes, power-plants etc. They have huge personnel of people creating wealth.
It's an indice created by the largest companies in the US. They are backed up by banks, USD as a currency and a huge community with 300+ million people, who makes sure of the currency's liquidity, which secures bank liquidity, which secures the market as a whole.

Bitcoin is invented by an unknown soft dev and businesses accept bitcoin as long as it can be traded for USD and other regular currencies. If exchanges stop their business through fiat currencies, there is no way to calculate a price for it anymore.
All empires say such things. The hubris of too big to fail and trickle down economics is also laughable in through the optics of history. Central banks have enjoyed the power to destroy any nation that opposed them through financing violence. HSBC supporting terrorists is just BAU. Just as the printing press ended the dark ages, bitcoin will end the tyranny of central banks.

You are right about exchanges though. They need to be regulated and then replaced with decentralized markets. Then things will be priced in Bitcoins.

And yet, although "laughable" it has very solid ground. Bitcoin doesnt. It only has value, until it is traded for USD. If there were no currencies bitcoin wouldn't have any value. Worst thing - currencies have existed since the dark ages, and bitcoin depends on computers and the internet. Without it this currency would cease to exist.
So you disagree with history or do you believe in thousand year empires?
1448  Economy / Speculation / Re: Its always the darkest just before dawn on: December 20, 2014, 04:24:29 AM
When you think its over and all is lost.  We have bottomed.

I remember watching CNBC when the S&P was at 666 and it felt like the world was ending and nothing could turn it around.  That was actually the best point to invest in a lifetime.

Bitcoin will have its day and it will be glorious.

Ignorance is bliss. The S&P depends on US economy - large scale businesses. Bitcoin is 100% speculation.
There is the difference. Not only - the more it gets integrated as a payment method, the more merchants would benefit from lower values. When prices boomed it was because Chinese speculants drove it way over the line of resistence and market was severely overbought.

Bitcoin is based on Bitcoin economy. There are companies that deal with bitcoin on a regular basis.
Though, most short term trends are due to news and speculation, it need not be so in the long-term.
100% is NOT speculation.


S&P companies have MA (Material Assets) worth Billions including buildings, machines, vehicles, planes, power-plants etc. They have huge personnel of people creating wealth.
It's an indice created by the largest companies in the US. They are backed up by banks, USD as a currency and a huge community with 300+ million people, who makes sure of the currency's liquidity, which secures bank liquidity, which secures the market as a whole.

Bitcoin is invented by an unknown soft dev and businesses accept bitcoin as long as it can be traded for USD and other regular currencies. If exchanges stop their business through fiat currencies, there is no way to calculate a price for it anymore.
All empires say such things. The hubris of too big to fail and trickle down economics is also laughable in through the optics of history. Central banks have enjoyed the power to destroy any nation that opposed them through financing violence. HSBC supporting terrorists is just BAU. Just as the printing press ended the dark ages, bitcoin will end the tyranny of central banks.

You are right about exchanges though. They need to be regulated and then replaced with decentralized markets. Then things will be priced in Bitcoins.
1449  Economy / Speculation / Re: There is no magic PoS bullet that's going to crash BTC price on: December 19, 2014, 03:41:12 PM
Any baller like a Gates or a Rothschild could EASILY take over 50-80% of a POS coin in a year.. easily.
It would be cheaper and easier to create, brand, and advertise their own competing PoS coin.
1450  Economy / Speculation / Re: Its always the darkest just before dawn on: December 19, 2014, 11:56:07 AM
I have news for you, we're nowhere near dawn yet. It's more like midnight and the dawn is a long way off...
Yeah who's leaving the party so soon? It's fun to watch the nonbelievers stammer and hesitate in their admonitions when Bitcoin revisits a price but won't just die. It's like watching youngsters get drunk and boast about life experiences and expectations. Bitcoin is 150 proof wake up juice.
1451  Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;) on: December 19, 2014, 11:27:34 AM
Price low,
number of bitcoin adresses all time-highish

Growth in number of address is becoming very regular though, which would point to automated generation (exchanges, mixers, etc.)

Previously the irregular variations were more of an indicator of humans activity being behind the change.
So growth=less people and
no growth=less people?

Nobody seems to want to explain why transactions is growing too.

Obviously because fewer people are making more automated intrawallet transactions.
1452  Economy / Speculation / Re: Is this the end of me? on: December 19, 2014, 11:13:02 AM
Bitcoin saved my life by getting me out of the USA where I can find doctors that care more about health than wealth.

Which country is that? Maybe I can move there, at least for my children.
Really almost any other country. In my case I still have to pay for treatment, but it costs a fraction of the same in the states and the doctors take the time to closely monitor treatment.

The final straw for me was watching my dad die with doctors stumped at the cause. I have a good doctor that charges about $26 cash for an office visit with little wait and lab/radiology costs less than that. Prescriptions are high, but the rest more than makes up for it and no Obamacare payments.
1453  Economy / Speculation / Re: Is this the end of me? on: December 19, 2014, 10:15:54 AM
I am fully invested in Bitcoin because I believe in honest money. Pensioners worry about their money because they don't know the feeling of security the blockchain brings. Knowing you are fighting for the cause of freedom and liberty while also saving for the future is something that hasn't existed before. Free people have been working toward this for generations and now it's here.

My health has deteriorated over the last decade. Health care insurance didn't cover the treatment I needed. Bitcoin saved my life by getting me out of the USA where I can find doctors that care more about health than wealth. Maybe Bitcoin will save all of my American brothers and sisters someday from the tyranny of financialization.

1454  Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;) on: December 19, 2014, 09:37:44 AM
Price low,
number of bitcoin adresses all time-highish

Growth in number of address is becoming very regular though, which would point to automated generation (exchanges, mixers, etc.)

Previously the irregular variations were more of an indicator of humans activity being behind the change.
So growth=less people and
no growth=less people?
1455  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 19, 2014, 09:32:55 AM
We're at bottom of a Greater Rule of Thirds zone. If we don't see a rise beyond 360 soon, we could see capitulation and the death of all mined altcoins. Bitcoin won't die and it might be a good way to prove that all other coins are destined for oblivion.
1456  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 19, 2014, 06:54:43 AM
We're still in the Greater Rule of Thirds zone with 300 as the bottom and 600 as the top. It's fun to watch the big patterns play out just like the small ones. Bitcoin is so fractal.
1457  Bitcoin / Bitcoin Discussion / Re: Would you normally trust a Bitcoin ATM? on: December 11, 2014, 01:53:38 AM
Elaborate because i don't understand what is so silly about my comment.
Because nobody uses ATMs for trading. Your comment made no sense at all. In fairness to you, please elaborate how an ATM can affect trading?
1458  Bitcoin / Bitcoin Discussion / Re: Would you normally trust a Bitcoin ATM? on: December 11, 2014, 01:32:43 AM
thats a good question,to think i would be so naive to trade bitcoins at a atm,ill think about if before i do now.
That's the silliest thing I've read today. Thanks for the chuckle.
1459  Bitcoin / Bitcoin Discussion / Re: Would you normally trust a Bitcoin ATM? on: December 11, 2014, 12:51:10 AM
The same can be said about many businesses. Businesses depend on repeat and referral customers. They should take safety measures to ensure customer satisfaction.

Yes yes, real businesses want to build their business.... I'm just trying to say, don't run up to every flashy box in random location that says it's a bitcoin ATM and feed it bills, or bitcoin for that matter. Just saying that there's a chance that there are some scam ones out there. "Error 35412 please contact tech support 1-800-phone-that-never-picks-up" and it's gone the next day.
There have been instances of people installing fake ATMs in busy places. You're right that bitcoin ATMs could also be fake.
1460  Bitcoin / Bitcoin Discussion / Re: Long Live Proof-of-Work, Long Live Mining - "there is no meaningful alternative" on: December 11, 2014, 12:40:53 AM

Dude, the license here is the stake you purchase, that is your capital investment. The license gives you a right (what do you mean legal, I thought crypto currencies don't require a legal permission to operate?) to take part in the staking process, the stake is your mining rig except it's 'virtual' not physical, these PoS tokens you purchase is now your uninflatable intellectual property that secures the blockchain. Come on, that's easy enough to understand, don't pretend you don't get it Wink
That's not the definition I was using. You should call it proof of license. I can only presume you are willing and able to sue your PoS users that violate your license. Now we see your motives.
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