I don't believe anything you say. Acting like one of the big guys but you're probably poor. His post-history is fun to read. Around since 2010. He must have messed up fairly spectacularly to still be trolling the forum!
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If we take 285 then it's off to the races..
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I wonder when NLC panic buys
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Don't try to justify yourself NHJT you sinister cunt, it is just pathetic. Welcome to ignore.
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I wonder if the posters who keep nonchalantly referring to child pornography would kindly stop. Thanks.
How many pages back was THAT? Last couple.
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I wonder if the posters who keep nonchalantly referring to child pornography would kindly stop. Thanks.
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Their citizenship of where? I am not American, not "all bitcoiners" are. America is only the beginning, all other countrys will most likely follow in the next months! How's the short going?
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Please don't quote the homophobic troll.
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Was that bulls or bears trying to keep the price down? u mean we are going nowhere but down? Cant understand your picture Just showing that the bulk of the moves down have happened in minutes over the last month. Heavy selling designed to encourage technical momentum traders to piggy back along for the ride. Nothing natural about this market I think we are in the process of forming a bottom. Shorts have risen then been clipped back by 'unexpected' buying like earlier today. A few more shearings and retail may decide that actually expecting the price to drop from 90% down from ATH to 95% is stupid. Sellers are already losing momentum.
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i don't see me downloading 2.8GB every day just to sync up - and i know almost nobody will do that, that's why gavincoin will be the loosing fork (that was the basic point of the thread)
HEY RETARD! YOU WILL NOT NEED TO DOWNLOAD 2.8 GB EVERY DAY JUST TO SYNC UP! IS THAT SO HARD TO UNDERSTAND? He does understand. Anyone taking the time to perpetuate a thread like this knows exactly what they are posting even if it is full of deliberate mistruths. Thinking it will exert any market influence - now that is retarded!
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Was that bulls or bears trying to keep the price down?
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I was promised sub 200 coins by the retail gamblers traders on here. Bears trying to keep it below 230..
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It's not completely without risk, but i did some more reading. It seems this will be very carefully planned in phases, yet unknown when. It's also the only real option we have for bitcoin to make it future proof.
I would like to have seen a more 'smart' solution though than just increasing the blocksize. Something that will automatically scale on demand, like the difficulty.
All in all it's not as bad as some here would have us believe.
This is the second post of yours when you are being reasonable rather than a book talking doomer troll. I can't speak for the rest of the forum but I like you better when you aren't transparently trying to manipulate the price...
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Low oil prices, or deflation generally, explained with the age of the capital. (The time from investment to finished consumer goods)
All investment comes from savings, that is the consumer consumes less than the producer produces, (and the consumer and the producer is really the same person).
We have short time investments, like the chairs in the hairdressers saloon, or the food in the restaurant, or the wares in a sport shop. The investment returns in a short time.
Then we have the long time investments. The oil that we consume now, comes from platforms and wells that were made dozens of years ago. The same goes for hydro power and iron ore mines. The oil wells we invest in now, will give us oil to consume in twenty years.
In between are investments of varying time to consumable products.
The price signals govern what the capitalists invest in. For long time capital investments, it was oil and iron. What is invested now, likewise is governed by the price signals. Some think that electric cars, and self driving cars are the thing of the future, therefore the megafactory.
There is a balance between saving and the different categories of investments. If the consumers save more, in aggregate, than they used to, more capital is available, bidding down the interest (and bidding down current consumer prices). This signals to investors: forget short time investments, go long term!
Opposite, if consumers save less, they bid up current consumer goods and less capital is available. Both signals to the investor: Forget long term, invest in goods and services for the immediate future. And the balance is restored.
NOW, WHAT HAPPENED?
Central banks, not the savers, made money available, bidding down the interest rate. Since the financial crisis, but really, long before that, all the way back to the eighties.
This signalled to investors: Go long term! AND to the consumers: Consume now! This is the reason for the epic imbalance in the capital structure. We have had bidding up of consumer goods and at the same time heavy investing in long term investments. Now, after these investments begin to materialize into consumer goods, we have exhausted consumers (lending), and a surplus of goods from long time investments (oil, iron, buildings, infrastructure). Too many oil wells, mines, railways, car factories hotels, offices and houses. (If you haven't seen surplus in all that, you will soon). Errors in deployment of scarce capital means lower productivity and lower standard of living for all. It is a world problem.
The problem will persist as long as the interest rate is manipulated by central banks, and years after.
Good stuff and makes our current predicament very clear. But to what end? Stand With Rand? Go Galt? Short everything but the almighty dollar? Move to Goa and dance on the beach? The past hundred years (but greatly accelerated over the past 30) has seen massive artificial wealth creation on a global scale. But it is artificial and based on false valuation of CB money. Most of this wealth is going to simply disappear when the CB system breaks. You can't short because it is impossible to know the timing. I think the best way to get a sense for what survives and what does not when money dies is to read about both the great depression (when the FED defaulted and their first bubble blew) and Germany (when they defaulted through printing). Accounts in both generally read similar, people said that one day they and their neighbors had work and money to pay for things, and then overnight it all seemed to just vanish and the next day jobs were gone and no one had any money to pay for things. That is how fast CB money can lose value when their liabilities are suddenly revalued to their true value. The US and Germany took different paths but ended up in slightly similar places. The US allowed a debt implosion and defaulted resulting in a depression, here prices fell but people had no money to pay for things. Germany took the printing press path, here everyone had money but prices rose so fast that the money people had was not enough to pay for things. Same thing, different path. What survived though from an investor perspective was different. In Germany people with hard assets (gold, land) did fine because these held value, but people who saw what was happening and used debt to purchase hard assets did great (kept the assets, debt disappeared). In the US, gold was confiscated and devalued and land dropped in price (but taxes remained). Here people with hard assets did not do great, and people who used debt to buy hard assets got crushed. (My great grand-father apparently lost all of his land in this time, not because he had debt but because the taxes were more than anyone could afford). So the dilemma is you have to guess which way the Central Banks will go, honest default or money printing. And that we don't know. If you look at what the CB's have done so far it points to monetary inflationary outcome. This time one tempered with extreme market interventions in the bond, stock and metals 'markets'.
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You can't compare the logarithmic trend line that was broken in 2011 with the one that was broken now. Sorry, but can't do.
1. Bitcoin was in its early days, a price of $2-32 was relatively low and was a easy target for penny stock pump&dumpers. Bitcoin at $2 was easily pumpable. At $500-1000 or now, not at all. 2. The slope of the two trend lines is totally different. The 2011 trend line was way too optimistic and you couldn't really think that the price would have stayed above such trend line for long, whereas the current log trend line was a reasonable target and could have been easily followed assuming an exponential trend or a long term bull market. 3. The current log long term trend line that was broken is a multi-year support trend line (3 years) while the mtgox 2011 trend line was barely 1 year. 4. Bitcoin in 2011 was an obscure experiment, today is an asset known and watched by big players (even tho the majority of them are smart enough to stay clear from it apparently...), if nobody gave a fuck when price reached the trend line in 2015 after more than 1 year of bear market and it broke with a spectacular crash, it means you can wave goodbye to your BTCullish BTCeanies BTCitcoin scenarios.
What a lot of people here are saying is that, since in 2011 price broke a log trend line but recovered with new bubbles after that anyway despite the fact that the 2011 chart looks like textbook penny stock pump&dump, ANYTHING IN BITCOIN CAN HAPPEN AND A NEW BULL MARKET COULD BE AROUND THE CORNER NO MATTER WHAT THE CURRENT CHART IS SHOWING US. Thinking this is just dumb in my opinion, don't you think?
The chart didn't show you a rebound from 160 to 310 last month. Only a few days ago it was showing you the price was imminently back to 160, yet here we are levitating at 220. Despite your bluster about the price not being 'pumpable' it takes less than 10,000 people buying monthly like me to take all mining supply at these prices. Next year it will be just 5000. Ignoring small fry like you and whales of course. The price jumped from 160 to 310 in days, just as it moved from 275 to 480 in a heartbeat. Anyway, you keep betting on the price dropping to zero and the rest of us will wait for you to quietly find something else to play with.
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See told you dumb bears. Hope every bear gets margin called for shorting.
This is just the beginning of the great rally of 2015.
Such rally, many reversals, very bottom, wow. One word. Volume.
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This forum is a much nicer experience with him on ignore.
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Get ready for the dump...
Let me guess..from someone else?
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