Why is my wretched tulip continuing grow? It was supposed to shrivel up and go to zero already!   We were in the hundreds now we're going back up. This is madness, I want my Bitcoinmania dead already!!!  Protip: When your tulip's shrinking, it's not resting or sleeping--it's DYING  The life and death cycle of one tree causes the growth and spread of a mighty forest.  |
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Try buying a new car, driving it off the lot and then back on to sell it, and see how much your car is worth. Then if it becomes a classic in twenty years it may be worth ten times as much. It's called market value and is caused by many factors.
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Yep, that means about 1 week (or in this longer bear market a couple of weeks) and the real bottom should be in.
Notice 4 days later the price hit $1.994?
Maybe but maybe not. This time shorters have to close their shorts. I don't think it was even possible to short bitcoin in 2011. I think Bitcoinica was already here at that time. I think people didn't get Zoutonged until 2012. The more things change, the more they stay the same. |
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Yep, that means about 1 week (or in this longer bear market a couple of weeks) and the real bottom should be in.
Notice 4 days later the price hit $1.994?
Maybe but maybe not. This time shorters have to close their shorts. I don't think it was even possible to short bitcoin in 2011. I think Bitcoinica was already here at that time. I think people didn't get Zoutonged until 2012. |
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that is like dead and no FOOL will buy it.
many people already lost a alot of money. these are ordinary people and will never come back to Bitcoin.
The core of this shit, called Bitcoin are the normal(ordinary) people with 100-1000 usd to "invest". Once they are burned, they will not come back.
of course, the "smart" ones (exchangers and few others) earned A LOT.
I don't know anyone that recommends investing in Bitcoin. In fact, most bulls are emphatic that folks use dollar cost averaging and not impulse buying. Anyone that used DCA over 2014 is only down about 60% and if they are still buying then it will likely average out reasonably soon at this level. I am not sure this would be a good thing. Yes it would be much better then being down 80% but it is generally not good to be down this much. In reality the recent price crash has largely wiped out the profits from anyone who has bought since the last two bubbles. I was only addressing an arbitrary short timeline. Long term dollar cost averaging investors made a fortune. |
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Hello bulltards.
I am back. With even more fiat and BTCs.
I told you in december 2013... but you did not want to listen. Hopefully you lost a lot of BTC or FIAT or BOTH!
Ok, so you got lucky and made a good call. So what? You are nothing but a trader that knows how to take advantage of this legacy centralized trading system. Guess what? Decentralized markets are coming and you will be a clueless as everyone else how they unfold. So enjoy your spoils of war, because they will be among your last. Go gloat to your Wall Street buddies that made billions ripping off hard working people. No? That's because you are not one of them. You are not one of us either. Holding bitcoins makes you lose nothing, and you will never understand that. Wait. Do you know where you are? This is the Speculation forum, where money changers come to make money & layabouts come to gamble. There are no "hard-working people" here. Or, at least, shouldn't be, after all the warnings I've posted. Face it, the d00d's just better than you at this. Give credit where it's due. I did give him props. BTW, why didn't you speculators predict the oil, stock, and euro crash? Is it because you are only broken clocks hoping to be right once in awhile? Sure this is the speculation forum where we discuss relevant events that effect the market. It's not a pulpit for end-of-days street preachers.  BULLISH! |
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The moral of the story, if Bitcoin becomes cult it won't change any utility it has now, and if it stays a fad you won't even admit you were into it one day. False dichotomy. It's just a rehash of the tulip mania argument. Fads have turned into a hundreds of billions collectible, art, and antique markets. Cults have morphed Roman Catholicism into 30 thousand Christian denominations. Bitcoin will be neither collectibles because they require a network, nor can they be morphed without their utter destruction. It's in the sense different to the tulip mania argument that it doesn't aim at the price as an argument. What this is about is utility. Everybody who owns a TB-303 does so because they are into Acid, a style of electronic music and they want to own an authentic instrument. That is the case because for any other style of music the TB-303 isn't as well suited as other instruments, and hence others aren't willing to pay the market price. This is also why prices don't crash, even when there is an abundance of alternatives. With fads people buy stuff because other people did, even if they don't have a reason to own it. Price bubbles are just a symptomatic of the fad-iness, not an argument about systematics. OK then. Think of bitcoins as rocks and beanie babies or whatever that you can send instantly anywhere in the world. If you want more value, then send a Picasso. If you want to buy porn, then send a dildo's worth of bitcoins. Bitcoin has value whether you like it or not. |
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I am curious what are your thoughts as to Kimoto Gravity Well currently being talked up a bit by Pavel Chorbadzhiyski: https://bitcoinfoundation.org/forum/index.php?/topic/1207-more-adaptive-way-of-adjusting-the-difficulty-is-needed/Seen in Donationcoin, Darkcoin, and Blackcoin earlier in 2013 and 2014 (not sure which implemented it first) in 2013 and 2014, there are some discussions that it could be used adaptively for bitcoin. Anyway, let me know, there has also of course been _something related to it_ on the bitcoin-development discussion also, but maybe not exactly this, but I do not know to what extent, curious as to how you might consider that kimoto gravity well bit could be evaluated, or if it should be, in bitcoin context. Thanks for posting. I don't frequent TBF boards, but from what I just read about this it is intended to address a problem with mining pools. That's all well and good, but it seems to me that it will be just another way to game the system. Personally, I think the problem with mining pools is only temporary because competition will even out the playing field. They are a social problem, not an engineering problem. The 2016 block window allows time for real world installations to have time to adjust. That is an engineering solution. |
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This is my theory, Mark is not A DPR, Ross is. Ross is the mastermind behind SR and when you are dealing with something like SR, its not easy to cashout. So he probably made some sort of money laundering agreement with Mark to help him cashout. Authorities found connection by tracking bitcoin movement and they pushed Mark. Mark is not a hero, he is probably afraid of his own shadow and he probably broke and made an agreement with authorities to reveal who DPR is and agreed to hand out 850 000 BTC for his freedom, to destroy biggest btc exchange and to vanish and never get involved in bitcoin again.
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Hello bulltards.
I am back. With even more fiat and BTCs.
I told you in december 2013... but you did not want to listen. Hopefully you lost a lot of BTC or FIAT or BOTH!
Ok, so you got lucky and made a good call. So what? You are nothing but a trader that knows how to take advantage of this legacy centralized trading system. Guess what? Decentralized markets are coming and you will be a clueless as everyone else how they unfold. So enjoy your spoils of war, because they will be among your last. Go gloat to your Wall Street buddies that made billions ripping off hard working people. No? That's because you are not one of them. You are not one of us either. Holding bitcoins makes you lose nothing, and you will never understand that. |
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Cypher (or someone who feels like they can properly explain it): can you please ELI5 why sidechains will break the incentive mechanism? I haven't been able to follow this thread as well as I used to.
I think (cypher can correct me) its because taking transactions off (main)chain reduces fee-based income for miners. When the block reward dwindles after several halving that is their only incentive to mine. If they have no incentive, then they will not mine, the network will become more vulnerable. eh ok, there must be some way to count off chain transactions and then credit the miners appropriately. I'm not saying this would be a trivial change, but this scenario is probably 10 years away minimum and I find it fairly difficult to believe that there is no way to get around this between now and then. How does it work with merge-mining? If a main-chain has 90 petahash, then 2 sidechains are started, both merge-mined with the MC, do they all get 90PH security or 30PH each? If sidechains were forced by design to merge mine with the mainchain then: 1) each sidechain is protected by their own hashing independently and 2) the mainchain would be protected by it's own hashing plus the sum of hashing on every sidechain. I don't know how you implement that, but it seems reasonable. merge mining a BTC clone would be so inflated, the miners would be accused of premining
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to the SC proponents who insist that the 2wp will equalize fiat exchange prices across SC's thru arbitrage.
just look at the $16ish spread btwn Bitfinex and the Chinese exchanges. and this is with open, relatively equally liquid exchanges that DON'T have a 2 day lock up. just imagine how volatile and disparate an illiquid, insecure SC can get with manipulation.
Sidechains are pegged you fucking imbecile. Ignoring minor and optional implementation details, there is and can be no 'spread'. You simply have no coherent structural overview of...well...anything that I can see and very little ability to formulate or even learn one. You managed to at least imagine that grok a couple of things and try to map them on to every new thing you see. No wonder you lost 75% of your money last year...unless you are telling people to do one thing (dump everything and run to Bitcoin) and doing another which is possible. Sidechains are not some 10,000th get-rich-quick platform for you to try to trade straight across for USD. Use native Bitcoin for that. you're simply an imbecile and an idiot. scBTC will be traded on exchanges in fiat terms, you can bet your ass on that. they're virtual and all it will take for an exchange to do so would be to list them. as such, with the minimum 2day 2wp delay and illiquidity they will suffer while being on the SC, you will see spreads that can't be immediately arbed away. just like we see btwn our current exchanges that don't even have these restrictions. to that extent, you think we see manipulation now? just wait til we see SC's: http://konradsgraf.com/storage/Monetary%20analsyis%20of%20sidecoins%20KG%2024Oct2014.pdfNevertheless, if the technology to automatically create a twp that is decentralized is possible, then this fact is an incentive to do so. The threat of manipulation will heavier against the scBTC because they will not have the PoW costs factored in (and merge mining a BTC clone would be so inflated, the miners would be accused of premining). So what you would be left with is nested scBTC 1, scBTC 2, scBTC 3 that would make them all merely altcoins. However, I think the side chain technology is a great idea IF it can be done, but not for it's intended purpose. It would decentralize EXCHANGES so we would never again see another gox/stamp catastrophe. Instead of centralized markets manipulating prices, we would see big players manipulating OTC trades on Open Bazaar leaving centralized exchanges no volume. Finally, we would see slow incremental price discoveries between competing free market cryptocurrencies where we can prove once and for all that PoW is the strongest valuation method. |
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Of course. Look at those buy walls building it. A few hours of green candles does not a fundamental turnaround make. :-)
But the hours of green candles handle to unload some coins. Love to see bulls (and sheep) money burned and lives destroyed. You sold at what 213? You are losing money, but I get no pleasure from that fact. No, I sold 90% of my considerable amount above 800$. And I bought below 175$. The 10% left I use for day trading. It is more fun than in the casino. And I really do not care to lose it all. What are a few 10k CHF ? No offense, but I earn that play money in a few days working (not in my mothers basement). Yea. My big holdings of 0.1btc are worth now 22$ instead of 17$
Will I be rich soon? Please?
Please qoute with the full thread. It is a shame with you retards. Does it hurt having not even 50k USD ? I laugh my ass of you poor bastard. No offense, but poor people annoy me. Hmmm I should add a signature asking for money. Would increase my trolling potential exponentially. Next time I'll use MORON spoiler tags. Otherwise some dumbass does not get my posting correctly. That's quite a difference between "a few 10k CHF" and 22$. I am posting your links. It's pretty amazing you turned 22$ into "a few 10k CHF" in a few hours. |
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The moral of the story, if Bitcoin becomes cult it won't change any utility it has now, and if it stays a fad you won't even admit you were into it one day. False dichotomy. It's just a rehash of the tulip mania argument. Fads have turned into a hundreds of billions collectible, art, and antique markets. Cults have morphed Roman Catholicism into 30 thousand Christian denominations. Bitcoin will be neither collectibles because they require a network, nor can they be morphed without their utter destruction. |
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rumors about Google integrating bitcoin into googlewallet and android
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Here comes the bear trap.
no the pump was just a dead cat bounce We already saw the double bottom. We're still up 9% after the drop. That's not a dead cat bounce. You can call it a prolonged bull trap, but we already hit bottom twice. The cat ain't high enough to bounce. |
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Of course. Look at those buy walls building it. A few hours of green candles does not a fundamental turnaround make. :-)
But the hours of green candles handle to unload some coins. Love to see bulls (and sheep) money burned and lives destroyed. You sold at what 213? You are losing money, but I get no pleasure from that fact. No, I sold 90% of my considerable amount above 800$. And I bought below 175$. The 10% left I use for day trading. It is more fun than in the casino. And I really do not care to lose it all. What are a few 10k CHF ? No offense, but I earn that play money in a few days working (not in my mothers basement). Yea. My big holdings of 0.1btc are worth now 22$ instead of 17$
Will I be rich soon? Please?
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Here comes the bear trap.
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nice dead cat bounce  bitcointalk Google search: dead cat bounce About 2,130 results (0.30 seconds) |
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