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1  Economy / Speculation / Re: Finra Alert says bitcoin more than a bit risky on: March 11, 2014, 10:53:51 PM
you didn't answer the existential question. you only have x number of waking moments in your life. why do you waste them with relentless negative trolling here?

at least fonzie seems sort of young and stupid. my guess is your days are more numbered.  tick tock, my friend.

That's my decision how I use my time. Some people see it as good use of time to cheer mindlessly about bitcoin, but I use my time to bring them back to earth.
I think that it's better when illusions break sooner then later. I actually see that I'm doing a good thing here by warning people about the dangers they are involved in.

It's healthy to have opposing views on here. If you strongly disagree with someone it is still a good idea to take in their ideas and analyse them and their reasoning.

Obviously when someone is emotionally invested in an opinion it will be very hard to change them, facts or no facts, but healthy all the same to have differing opinions.

I agree. The truth mostly comes form the balance of different opinions.
2  Other / Off-topic / Re: kkaspar admiration thread on: March 11, 2014, 10:41:47 PM
This thread is about an disagreement, we had with rpietila, on another thread of his.
I thought that it was kind of funny, how he left only those off-topic posts, that involved some serious ass-kissing towards him and deleted others that didn't. He thought that this isn't funny at all, and it's serious as cancer and I should get banned for that.
When I didn't get banned right away, then he thought that maybe he'll create another thread, that is directed towards admiring me, so I'll discover the beauty of getting my ass constantly kissed and therefor will remain silent about this subject. Now, solely because I didn't get enough admiration from this thread, I have to call this method as an failed attempt and I still have to point out some aspects on his other thread that I find funny. There is still some time before I get banned...
3  Economy / Speculation / Re: Finra Alert says bitcoin more than a bit risky on: March 11, 2014, 10:13:17 PM
Yeah, and?  What, a large volume of traditional currency hasn't?  
If you try really hard, then you can see the difference in illegal trade taking a fraction of currency movement, and illegal trade actually creating the base of an currency, with criminals owning most of it.


Quote
Some more BS pulled out of your ass.  What gives you the impression that criminals are sitting there hoarding their bitcoins?  They're probably cashing them out ASAP to pay for their criminal activities and rich lavish life styles.
Because criminals are attracted to easy money like most others here, and there are very few public figures who have publicly stated their stake in bitcoin. "Somehow" the bitcoin owners like to remain anonymous. DPR was caught with (some of?) the coins he was holding, but there is a low probability that this was an isolated case.


Quote
Second Market?  Trade Fortress?  Winklevii?  This isn't looking too good for you.
Second Market isn't an investments into bitcoin, but into services that can function with all kinds of digital currencies that we will probably see in the future.
Investment groups like Trade Fortress knowingly and routinely take these high risk gambles, that have potential for high rewards but low probability of success. Bitcoin wasn't the first and won't be the last gamble they made, and $20 million isn't exactly a big sum to them. For instance, Fortress once lost $125 million purchasing fraudulent promissory notes from fraudster Marc Drier who was operating a Ponzi scheme, so they aren't known to be extra careful with their investments.
And Winklevii? Well, I consider those guys to be better rowers then businessmen. Sometimes, when I hear some things that come out of their mouth, then I sincerely wonder on how the hell did they graduate Harvard.


Quote
What about the crash of 2011? 2012? 2013?  GTFOH.  

Those crashes meant little, because people were actually only selling because others were selling. There still was potential left in bitcoin. Now it won't take long since bitcoin will just run out of it's potential. It will try to utilize itself on roles, that are too complex, for it's financially overly simplistic nature.
But I agree that bitcoin could have about 1 or 2 bubbles still left in it before the final demise, because the hype still seems to be pretty strong.


Quote
Like the hundreds of alt-coins that already exist?

If you'll read my text again, then you'll see that I was pointing at new currencies, that will be sold on already regulated exchanges. That means that there will be lower chances of shenanigans like pre-mining or criminals getting their hold of the coins. It's all about trust and transparency. Having blind faith that all the former criminals are good folks, who wouldn't dump their coins to get your wealth, is for the cultsists, not for serious investors.

4  Economy / Speculation / Re: stable price on: March 11, 2014, 09:40:01 PM
Stability is showing the will of the hodlers. New people aren't buying because no one wants to buy when they know, that their money can just disappear along with the exchange. Old holders are holding because people keep telling them that it's only temporary and soon the price will go to the moon. Miners are also holding, because they will see no ROI with this price.
Right now it all depends on how long will the holders hold. Because if there is a big enough dump, then there will be a snowball effect with the drop accelerating. I have never understood the mind of the cultist holders, so it's hard to speculate on how long will they last. It's easier to speculate that there won't be coming any important positive news in the near future. So, currently my money is betting that this price will drop. But it's a gamble either way.
5  Economy / Speculation / Re: This isn't a price poll, but rather a How sure are you that BTC will succeed? on: March 11, 2014, 07:38:01 PM
I think that bitcoin has about 1-2 bubbles left in it. One cause of south/central-America and the other one because of high hopes and promises, that bitcoin will succeed with ETF. After that there will be probably a new digital currency with better quality, that takes over.
6  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 11, 2014, 06:59:09 PM
That's my point, you act like people aren't aware of the risks already. Go run along and do something else.

I just bought a couple more just to spite people like you.

People sure aren't acting like they are aware of the risks already. I'll probably get my account banned soon, so you don't have to see my name any longer. Can't promise that you won't see my text anymore though.

The last line you wrote was a little weird. To me, that's like shooting yourself in the foot just to spite people like me :/

yea, that's why he is buying bitcoin. to spite you.

pitch that one to your shrink. might be productive.

I wonder if I'll speak more, then will he buy more bitcoins with the current market, just to spite me? Tongue
7  Economy / Speculation / Re: Finra Alert says bitcoin more than a bit risky on: March 11, 2014, 06:49:48 PM
you didn't answer the existential question. you only have x number of waking moments in your life. why do you waste them with relentless negative trolling here?

at least fonzie seems sort of young and stupid. my guess is your days are more numbered.  tick tock, my friend.

That's my decision how I use my time. Some people see it as good use of time to cheer mindlessly about bitcoin, but I use my time to bring them back to earth.
I think that it's better when illusions break sooner then later. I actually see that I'm doing a good thing here by warning people about the dangers they are involved in.
8  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 11, 2014, 06:42:25 PM
That's my point, you act like people aren't aware of the risks already. Go run along and do something else.

I just bought a couple more just to spite people like you.

People sure aren't acting like they are aware of the risks already. I'll probably get my account banned soon, so you don't have to see my name any longer. Can't promise that you won't see my text anymore though.

The last line you wrote was a little weird. To me, that's like shooting yourself in the foot just to spite people like me :/
9  Economy / Speculation / Re: Finra Alert says bitcoin more than a bit risky on: March 11, 2014, 06:37:17 PM
NEW YORK (MarketWatch) -- The Financial Industry Regulatory Authority, or Finra, on Tuesday issued an investor alert on bitcoin, saying digital currencies are "more than a bit risky." The agency said the alert was intended to caution investors about the risks inherent in buying and using digital currencies like bitcoin. That includes risks from speculative trading and potential fraud related to bitcoin companies, the alert said. The move came after the collapse of the bitcoin exchange Mt. Gox in late February, which filed for bankruptcy in Japan and the U.S. said it lost customers' bitcoins. "Digital currency such as bitcoin is not legal tender," the Finra alert said, which also warned about the lack of safeguards in place for consumers, the irreversibility of bitcoin transactions, and its association with illegal activities.


http://www.marketwatch.com/story/finra-alert-says-bitcoin-more-than-a-bit-risky-2014-03-11?reflink=MW_news_stmp



Goodbye Wall Street/Institutional Money..

The thing that makes bitcoin risky, is it's history. For the first years, bitcoin was mainly a tool for black market trade, and there have been plenty of situations where a large number of coins have been stolen by computer crackers and confidence man.
This creates this situation, where in all probability, most of the coins are actually owned by criminal minded people. To invest in bitcoin, means that you are trusting these anonymous criminals to hold their coins, instead of dumping and acquiring your wealth as their own. No serious investor will take this risk with serious sums of money.
I think that this will mark the final demise of bitcoin, when the regulators see that you can't have any certainty about the past history of bitcoin. It means that there will probably be a new digital currency, that will be sold from an already regulated market system and by that, creating a more transparent and trustworthy ownership history.

dude, why are you even still here? don't you have better things to do with your life if you truly believe all the dark negative shit you constantly spew about bitcoin? why are you pissing away your life on this forum? seriously. you only have x number of moments in your life. why waste them here?

I don't believe all the dark negative shit, but I believe the things, that I myself have been saying for some time now. I mostly come here to balance things out and to give some criticism to all this senseless cheering. I think that I'll probably get banned soon, so you probably don't have to see my name again. Can't be sure on not seeing my criticism again tho.
10  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 11, 2014, 06:29:18 PM
NEW YORK (MarketWatch) -- The Financial Industry Regulatory Authority, or Finra, on Tuesday issued an investor alert on bitcoin, saying digital currencies are "more than a bit risky." The agency said the alert was intended to caution investors about the risks inherent in buying and using digital currencies like bitcoin. That includes risks from speculative trading and potential fraud related to bitcoin companies, the alert said. The move came after the collapse of the bitcoin exchange Mt. Gox in late February, which filed for bankruptcy in Japan and the U.S. said it lost customers' bitcoins. "Digital currency such as bitcoin is not legal tender," the Finra alert said, which also warned about the lack of safeguards in place for consumers, the irreversibility of bitcoin transactions, and its association with illegal activities.


http://www.marketwatch.com/story/finra-alert-says-bitcoin-more-than-a-bit-risky-2014-03-11?reflink=MW_news_stmp

Thx FINRA. We were all unaware that bitcoin is a speculative investment.

Everyone here are also aware that most of the bitcoins are owned by anonymous people, who in all probability and considering the history, are drug dealers, computer crackers or confidence man. By trusting your wealth in bitcoin, you are trusting that this criminal element won't dump their coins to acquire your wealth as their own.

Why do you post here?

You sound like the annoying brat telling a group of smokers how bad it is for their health over and over. What's it to you? Light up or screw off.

To balance things out. Yeah, when a group of smokers like to cheer to each other, how good smoking is for their health, then I'm exactly the guy who cuts in and recommends to have at least minimal grip on reality.
11  Economy / Speculation / Re: Finra Alert says bitcoin more than a bit risky on: March 11, 2014, 06:25:01 PM
NEW YORK (MarketWatch) -- The Financial Industry Regulatory Authority, or Finra, on Tuesday issued an investor alert on bitcoin, saying digital currencies are "more than a bit risky." The agency said the alert was intended to caution investors about the risks inherent in buying and using digital currencies like bitcoin. That includes risks from speculative trading and potential fraud related to bitcoin companies, the alert said. The move came after the collapse of the bitcoin exchange Mt. Gox in late February, which filed for bankruptcy in Japan and the U.S. said it lost customers' bitcoins. "Digital currency such as bitcoin is not legal tender," the Finra alert said, which also warned about the lack of safeguards in place for consumers, the irreversibility of bitcoin transactions, and its association with illegal activities.


http://www.marketwatch.com/story/finra-alert-says-bitcoin-more-than-a-bit-risky-2014-03-11?reflink=MW_news_stmp



Goodbye Wall Street/Institutional Money..

The thing that makes bitcoin risky, is it's history. For the first years, bitcoin was mainly a tool for black market trade, and there have been plenty of situations where a large number of coins have been stolen by computer crackers and confidence man.
This creates this situation, where in all probability, most of the coins are actually owned by criminal minded people. To invest in bitcoin, means that you are trusting these anonymous criminals to hold their coins, instead of dumping and acquiring your wealth as their own. No serious investor will take this risk with serious sums of money.
I think that this will mark the final demise of bitcoin, when the regulators see that you can't have any certainty about the past history of bitcoin. It means that there will probably be a new digital currency, that will be sold from an already regulated market system and by that, creating a more transparent and trustworthy ownership history.
12  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 11, 2014, 06:14:13 PM
NEW YORK (MarketWatch) -- The Financial Industry Regulatory Authority, or Finra, on Tuesday issued an investor alert on bitcoin, saying digital currencies are "more than a bit risky." The agency said the alert was intended to caution investors about the risks inherent in buying and using digital currencies like bitcoin. That includes risks from speculative trading and potential fraud related to bitcoin companies, the alert said. The move came after the collapse of the bitcoin exchange Mt. Gox in late February, which filed for bankruptcy in Japan and the U.S. said it lost customers' bitcoins. "Digital currency such as bitcoin is not legal tender," the Finra alert said, which also warned about the lack of safeguards in place for consumers, the irreversibility of bitcoin transactions, and its association with illegal activities.


http://www.marketwatch.com/story/finra-alert-says-bitcoin-more-than-a-bit-risky-2014-03-11?reflink=MW_news_stmp

Thx FINRA. We were all unaware that bitcoin is a speculative investment.

Everyone here are also aware that most of the bitcoins are owned by anonymous people, who in all probability and considering the history, are drug dealers, computer crackers or confidence man. By trusting your wealth in bitcoin, you are trusting that this criminal element won't dump their coins to acquire your wealth as their own.
13  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 11, 2014, 04:00:00 PM
Doge Coin is a gimmick, the only lesson here is that there is still an opportunity for a new coin to gain a huge userbase fast.

Therefore; I still believe that the biggest threat for bitcoin is a new coin being launched by a collective of big companies who already have a huge userbase, infrastucture, marketing tools, capital, and most importantly, trust!
Such a new coin can potentially surpass bitcoin in market share quickly.
Remember, the average user doesn't care about decentralization or privacy, etc., they will use the most common and popular one.
The only way to avoid this potential threat for bitcoin is to gain mass adoption before such a coin is launched.

However; it is to be seen if such a 'collective big companies' coin will ever be launched, since it is probably more convenient for big companies to just implement bitcoin without to much effort.
In case of failure, it is only bitcoin that has failed and they can drop bitcoin again.
While as they implement their own coin, this will cost considearable more effort and dedication and will impact their reputation negatively in case of failure.


Financially doge is just as much of an gimmick as bitcoin. I'm talking about how much financial efficiency is gained from a legal company to adopt it's usage.
Doge exposed the face of bitcoin by showing just how important is the hype factor in the success of an crypto. It showed that cryptos don't have much to do with quality of the currency, but it's all about hype. That's why all the hate from the bitcoin cultists towards doge.
I think that this will change in the future, but right now, it's not hard to see why so many people see bitcoin more as an cult icon, not an serious financial tool.

"all about hype"?

what? are u fucking delivering cannolis or something as a day job?

Yes, I deliver cannolis (while fucking), and this helped me understand, how companies are gaining big in financial efficiency by adopting bitcoin, and how it isn't all about marketing, free press coverage and getting new loyal customers who are loyal to bitcoin. If I were an financial expert, like a lot of the people here (definitely you), then I would also understand how Bitcoin will soon be the world currency, because it has a very solid history, great price stability, and an extremely smooth rate for new coin supply.
14  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 11, 2014, 03:36:33 PM
Doge Coin is a gimmick, the only lesson here is that there is still an opportunity for a new coin to gain a huge userbase fast.

Therefore; I still believe that the biggest threat for bitcoin is a new coin being launched by a collective of big companies who already have a huge userbase, infrastucture, marketing tools, capital, and most importantly, trust!
Such a new coin can potentially surpass bitcoin in market share quickly.
Remember, the average user doesn't care about decentralization or privacy, etc., they will use the most common and popular one.
The only way to avoid this potential threat for bitcoin is to gain mass adoption before such a coin is launched.

However; it is to be seen if such a 'collective big companies' coin will ever be launched, since it is probably more convenient for big companies to just implement bitcoin without to much effort.
In case of failure, it is only bitcoin that has failed and they can drop bitcoin again.
While as they implement their own coin, this will cost considearable more effort and dedication and will impact their reputation negatively in case of failure.


Financially doge is just as much of an gimmick as bitcoin. I'm talking about how much financial efficiency is gained from a legal company to adopt it's usage.
Doge exposed the face of bitcoin by showing just how important is the hype factor in the success of an crypto. It showed that cryptos don't have much to do with quality of the currency, but it's all about hype. That's why all the hate from the bitcoin cultists towards doge.
I think that this will change in the future, but right now, it's not hard to see why so many people see bitcoin more as an cult icon, not an serious financial tool.
15  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 11, 2014, 01:49:55 PM
motherfucker

why is price going down now

i will be a bit surprised if we go lower then 580 now tbh

It has nothing to do with gox losing it's customers funds and therefor destroying trust towards the bitcoin market system. It also doesn't have anything to do with the nature of bitcoin, where the price has to be in a constant rise, or else it will start to fall.
My bet goes that it's all a one big conspiracy orchestrated by banksters who take orders from the alien reptoids.
16  Economy / Speculation / Re: I'm All In - Sold My House! on: March 10, 2014, 07:13:35 PM
I hope you didn't like the house very much and you own another place to live. It would be stupid gamble if you actually sold your home and moved into an rental, just to gamble with bitcoins. At the current situation, it would make more sense to play the money at the roulette table, since probability tends to lean more and more to the bitcoin price dropping.
I would recommend to sell your bitcoins now and buy back when there is more certainty that the price will actually rise.

I am sure I am not the only lurker who finds the constant fud spreading perma bears (kkaspar, igorr, matthecat etc) highly transparent and more than a bit irritating. You aren't fooling anyone guys. Maybe try reddit or something.

You are irritated because there is very little buying interest for bitcoin, so you aren't earning the wealth that you hoped for. Don't blame me for this, I didn't cause this. It was Mark Karpales and the passive emus of the bitcoin community that turned buying bitcoin into a joke.
17  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 10, 2014, 05:13:56 PM
So... the hodlers getting nervous yet?
Who would have known, that a painful hit to the integrity of the market system, would actually lower buyers interest.. It must be a conspiracy.. Probably orchestrated by those damn evil banksters.

Smiley
18  Economy / Speculation / Re: I'm All In - Sold My House! on: March 10, 2014, 05:10:03 PM
I hope you didn't like the house very much and you own another place to live. It would be stupid gamble if you actually sold your home and moved into an rental, just to gamble with bitcoins. At the current situation, it would make more sense to play the money at the roulette table, since probability tends to lean more and more to the bitcoin price dropping.
I would recommend to sell your bitcoins now and buy back when there is more certainty that the price will actually rise.

Idiot.

19  Economy / Speculation / Re: I'm All In - Sold My House! on: March 10, 2014, 04:19:45 PM
I hope you didn't like the house very much and you own another place to live. It would be stupid gamble if you actually sold your home and moved into an rental, just to gamble with bitcoins. At the current situation, it would make more sense to play the money at the roulette table, since probability tends to lean more and more to the bitcoin price dropping.
I would recommend to sell your bitcoins now and buy back when there is more certainty that the price will actually rise.
20  Economy / Speculation / Re: Is the world too dumb for Bitcoins? on: March 07, 2014, 05:24:24 PM
I think when the final demise of bitcoin will start to get closer, then we will hear a lot of this how everyone are stupid for not filling their pockets by buying more expensive coins.
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