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1  Economy / Economics / Re: Winklevoss: Trying to pump before they dump? on: December 17, 2013, 01:17:25 AM
PUMP:

"The brothers are unsurprisingly bullish on Bitcoin. Cameron’s conservative bet is that its US dollar valuation will surpass $40,000 per coin — a potentially colossal figure — as he explained in a response to one Reddit user: "small bull case scenario for Bitcoin is a 400 billion USD dollar market cap, so 40,000 USD a coin, but I believe it could be much larger. When this will happen, if it happens, I don’t know, but if it happens, it will probably happen much faster than anyone imagines.""

DUMP:

"The twins are in the process of setting up the Winklevoss Bitcoin Trust, a listed fund to manage their Bitcoin wealth and bring greater legitimacy to the virtual currency. Papers for the initial public offering were filed in July, but the final decision is still pending. Due to regulations, Cameron was unable to discuss the trust in the AMA"

http://thenextweb.com/insider/2013/12/15/winklevoss-twin-says-bitcoin-valuation-will-top-40k-plays-down-silk-road-closure/#!p2vds

"In a move that could come to mark a major new era for the virtual currency, Tyler and Cameron Winklevoss have filed to float their stash of Bitcoins on a conventional stock exchange. The former Olympic rowers have lodged papers for a $20m initial public offering of the Winklevoss Bitcoin Trust, which holds their Bitcoin wealth, and would be managed by the Winklevoss' investment fund, Math-Based Asset Services. "

http://www.telegraph.co.uk/finance/currency/10157710/Winklevoss-twins-20m-plan-to-make-Bitcoin-mainstream.html

Obviously they want the price to be as high as possible, before they dump via this fund. This is a clever tactic, as the dumping via a trust can support the price (wow new trust, look at the adoption) and you can get rid of your coins. If you dump on an exchange it leads to total collapse.

If they are so convinced of this high price, why sell the position. Sounds like a scam to me.

Hmmm, I think your tin foil hat is cutting circulation to your brain now, try plastering the walls with aluminum instead
2  Economy / Scam Accusations / Re: BTC-E Scammed me for €1500 - SEPA Transfer on: December 16, 2013, 04:35:23 PM
On the 20th of November I deposited €1500 and I didn't receive anything yet. Now I see there's a limit of €2000.

I have made multiple tickets and eventually after 2 weeks one of them got the following reply (even though my ticket ALREADY HAD THE FUCKING TRANSACTION DETAILS IN IT):

Posted on: 04 December 2013 11:05 PM
Hello! Please send full details of the transfer to check+ scan and screenshots.

Здравствуйте! Пожалуйста пришлите полную информацию переводе для проверки вашей транзакции. По возможности приложите сканы и скриншоты.


My BTC-e username: Banaan

Bedrag (euro) 1.500,00 Af
Datum 20-11-2013
Mutatiesoort Internetbankieren
Naam / Omschrijving
Mededelingen Naam:Mayzus Financial Services L
td
Omschrijving:Deposit to the btc-
e.com username 'Banaan'.
Kenmerk:FFC ACC.9311.23733 ACC I
D S59357E
IBAN:CZ2208000000000005543282

BTC-e is selectively scamming people and ignoring all tickets. Mayzus Financial Services just tells you to contact BTC-e  Angry

Just be cool-headed and patient, you can cry scam when they actually deny your payment

It has been 26 days now.

Have you tried posting in the btc-e thread ?
3  Economy / Scam Accusations / Re: BTC-E Scammed me for €1500 - SEPA Transfer on: December 15, 2013, 11:24:41 PM
On the 20th of November I deposited €1500 and I didn't receive anything yet. Now I see there's a limit of €2000.

I have made multiple tickets and eventually after 2 weeks one of them got the following reply (even though my ticket ALREADY HAD THE FUCKING TRANSACTION DETAILS IN IT):

Posted on: 04 December 2013 11:05 PM
Hello! Please send full details of the transfer to check+ scan and screenshots.

Здравствуйте! Пожалуйста пришлите полную информацию переводе для проверки вашей транзакции. По возможности приложите сканы и скриншоты.


My BTC-e username: Banaan

Bedrag (euro) 1.500,00 Af
Datum 20-11-2013
Mutatiesoort Internetbankieren
Naam / Omschrijving
Mededelingen Naam:Mayzus Financial Services L
td
Omschrijving:Deposit to the btc-
e.com username 'Banaan'.
Kenmerk:FFC ACC.9311.23733 ACC I
D S59357E
IBAN:CZ2208000000000005543282

BTC-e is selectively scamming people and ignoring all tickets. Mayzus Financial Services just tells you to contact BTC-e  Angry

Just be cool-headed and patient, you can cry scam when they actually deny your payment
4  Economy / Economics / Re: Since the virtual currency market is de-regulated... on: December 14, 2013, 10:41:22 PM
I can presume there are groups of people taking advantage of this, I want in, if you know what I mean please pm / post, thanks
LOL, you mean MtGox, BTCChina, BitStamp, and Coinbase potentially conspiring on when and how they announce litecoin support and what they tell their family and friends before the announcements?  Free market =  insider trading and market makers.  You can't just say "government is bad" all the time without getting in trouble.

Pretty much, we should form a union
5  Local / Other languages/locations / Re: Pakistan on: December 14, 2013, 09:53:19 PM
Hi, I am wondering if anyone knows of bitcoin start-ups in Pakistan, or if anyone is interested in doing this, just curious

many peoples doing this in Pakistan you need any information or help write here

What are they doing ? accepting this as form or payment or running mining operations ?

what you want to do payment mining operations all going here

I want to compare costs of mining there with other countries
6  Local / Other languages/locations / Re: Pakistan on: December 14, 2013, 08:07:31 PM
Hi, I am wondering if anyone knows of bitcoin start-ups in Pakistan, or if anyone is interested in doing this, just curious

many peoples doing this in Pakistan you need any information or help write here

What are they doing ? accepting this as form or payment or running mining operations ?
7  Local / Other languages/locations / Re: Pakistan on: December 14, 2013, 06:36:11 PM
Hi, I am wondering if anyone knows of bitcoin start-ups in Pakistan, or if anyone is interested in doing this, just curious
8  Economy / Economics / Re: Since the virtual currency market is de-regulated... on: December 14, 2013, 06:26:43 PM
No I'm not jewish...

Rockefellers are of English and German descent (if I'm not mistaken). You are obviously confusing them with the Rothschild family. And I was referring to Standard Oil which got dissolved in 1911 and split into 30+ companies for abusing their monopolistic position and restraining interstate commerce...

Eh ? Judaism refers to a religion, English and German to nationality...someone is clearly confused and I don't think its me....

Yes, Judaism is a religion, but the phrase "No I'm not jewish" means that your nationality is not Jewish in most cases. In any case, John Rockefeller was a follower of Protestantism...

Semantics

So who is actually trying to confuse matters here? Rockefellers are neither Jewish, nor followers of Judaism...

How can you say this with so much confidence? Are you like buddies with them ?
9  Economy / Economics / Re: Since the virtual currency market is de-regulated... on: December 14, 2013, 06:03:16 PM
No I'm not jewish...

Rockefellers are of English and German descent (if I'm not mistaken). You are obviously confusing them with the Rothschild family. And I was referring to Standard Oil which got dissolved in 1911 and split into 30+ companies for abusing their monopolistic position and restraining interstate commerce...

Eh ? Judaism refers to a religion, English and German to nationality...someone is clearly confused and I don't think its me....

Yes, Judaism is a religion, but the phrase "No I'm not jewish" means that your nationality is not Jewish in most cases. In any case, John Rockefeller was a follower of Protestantism...

Semantics
10  Economy / Economics / Re: Since the virtual currency market is de-regulated... on: December 14, 2013, 04:56:52 PM
No I'm not jewish...

Rockefellers are of English and German descent (if I'm not mistaken). You are obviously confusing them with the Rothschild family. And I was referring to Standard Oil which got dissolved in 1911 and split into 30+ companies for abusing their monopolistic position and restraining interstate commerce...

Eh ? Judaism refers to a religion, English and German to nationality...someone is clearly confused and I don't think its me....
11  Economy / Economics / Re: Since the virtual currency market is de-regulated... on: December 14, 2013, 04:36:53 PM
No I'm not jewish...
12  Economy / Economics / Re: Since the virtual currency market is de-regulated... on: December 14, 2013, 04:26:51 PM
So, he gathers the vendors and asks if they would agree to only sell cakes on the first day of the week, as this is the day when cakes are in demand, further he asks if they would agree to sell cakes for a price of $1 as they are free to set their price. If a majority of the vendors are selling at $1 the buyers will have no choice but to buy cake at $1 after the lower priced cakes are gone; in this way the 'union' of vendors make more money selling their cakes for $1 on the first day when demand is highest; as opposed to selling their cakes individually;

People would switch their consumption from cakes to something else which is less expensive and provides better satisfaction of their needs per dollar of price...

Then we'll sell that too for a buck
13  Economy / Economics / Re: Since the virtual currency market is de-regulated... on: December 14, 2013, 11:48:38 AM
> A guy standing on the street outside a private members party is asking for a slice of the cake.
Would you kindly give him a slice of your cake?

No

How about

It costs $.35 to bake a slice of cake.

> On the first day of the week, a guy standing on the street outside a private members party has a slice of cake, he tries to sell it and the best rate he can get for a slice is $.50 because the street vendors are selling at $.40 - $.50; he realizes his slice can only be sold for greater than $.50 when all of the other vendors have finished selling their cakes for <$.50. He waits, they sell-out, he sells his slice for $.55

Mid week, the same guy tries to sell more slices $.55, but the best price he can get is $.40 because of the vendors' undercutting; the vendors are undercutting because less people buy cakes midweek, he realizes his slice can only be sold for a greater price when there are enough people willing to buy them;

So, he gathers the vendors and asks if they would agree to only sell cakes on the first day of the week, as this is the day when cakes are in demand, further he asks if they would agree to sell cakes for a price of $1 as they are free to set their price. If a majority of the vendors are selling at $1 the buyers will have no choice but to buy cake at $1 after the lower priced cakes are gone; in this way the 'union' of vendors make more money selling their cakes for $1 on the first day when demand is highest; as opposed to selling their cakes individually;

Would you sell your cakes for $1 on the first day for a greater profit and take the rest of the week off, or would you sell cakes on your own everyday at a lower price.

p.s sorry i'm a terrible story teller
14  Economy / Economics / Re: Why Bitcoin will collapse in price. on: December 14, 2013, 11:13:56 AM

Pretty sure someone has corrected you on this point already, there is no single central world bank that regulates currency, as such all major governments would have to be on board to destroy the use of cryptos, in any case your proposition is baseless, there is no way for you to know governments are going to ban bitcoins.


I explained it in the OP! Governments protect their monopoly.


Somebody just clarified Chinas position regarding bitcoin:


Quote
"but essentially if bitcoin is not a currency in China and china as a state only recognizes one single currency which is the RMB. therefore all merchants, stores and services can only accept the RMB. since bitcoin is not a currency and not a recognized currency so it's actually a logical conclusion that china for now will not allow goods and services to be sold and paid for by bitcoin" Bobby Lee (CEO of BTC China)"
http://youtu.be/rBgQFzyg8pk?t=21m57s


Quote
Audience: Goods/services can not be sold in bitcoin. Im wondering if most investors in china are they expecting that to change?
Bobby Lee: So that’s not going to change anytime soon. The government has made it clear that goods/services can not be priced in btc and can not be sold and paid for in btc. So that’s the current stance. All companies under the china law will follow that.
http://youtu.be/rBgQFzyg8pk?t=43m37s


Quote
Audience: Can you clarify as whether all merchants are not allowed to accept btc or is it only for existing financial institutions?
Bobby Lee: it’s both. Financial institutions can’t touch it and goods/services are not allowed to be sold or priced in btc. Two different points and they both apply.
https://www.youtube.com/watch?v=rBgQFzyg8pk&feature=youtu.be&t=45m17s

that's an official statement from Bobby Lee of BTC China.  2 follow up questions from the audience answered by Bobby Lee.  This clarifies the future of btc in China's economy.

You are naive. More countries will follow suit.

Yawn, great example, believe what you will, if you can provide a reasonable argument indicating bitcoin will collapse I will respond in kind, however you are just posting random tidbits of news that are neither new nor ground breaking, neither do you bother researching the other side of the argument; what governments support BTC ? what are their views ? Research both sides and then let me know.

p.s.

Porc join us. Don't succumb to the socialist hell. Humans with a functioning brain stem, time to wake up while you still can.

I loved this, lol
15  Economy / Economics / Since the virtual currency market is de-regulated... on: December 14, 2013, 10:53:31 AM
I can presume there are groups of people taking advantage of this, I want in, if you know what I mean please pm / post, thanks
16  Economy / Services / Re: Offering legal Q & A for BTC/LTC on: December 14, 2013, 10:47:21 AM
Any sort of legal certification for proof, or are you just some guy that read a lot of Wikipedia Huh

Haha...did you read the OP ? Or are you asking me to actually upload my certs ?
17  Alternate cryptocurrencies / Marketplace (Altcoins) / Buying Quark Coins ~100-200 EUR on: December 13, 2013, 07:54:07 PM
Hello, looking to purchase some quark coins, I can offer payment in EUR (internet banking), looking to buy coins worth in the range of ~100-200 EUR, hoping to do this a.s.a.p, safety of the transaction is a priority so I am willing to use a trusted escrow, please respond or pm with offer/interest, regards.
18  Bitcoin / Legal / Re: Tax Question: Sell BTC on Jan 1, 2013. Spend $ to buy BTC Dec 31, 2013 on: December 12, 2013, 10:05:33 PM
Umm, the answer to your question may depend on your jurisdiction, in any case:

Sold 10 BTC on Jan 1, 2013 at $100/BTC, you realized a capital gain of 10 x $100 = $1,000.

This capital gain needs to be declared in your income for the taxation year 2013.

However, Dec 31, 2013 you buy 100 BTC at $10/BTC = $1,000, so you lost $1,000. Depending on your jurisdiction you may deduct this against your capital gains for the year.

Therefore for the taxation year 2013 you made $1,000 by selling 10 BTC, and then lost $1,000 by buying 10 BTC.

This is definitely NOT true in the US. I can't speak for other countries.

Buying an commodity like bitcoin is NOT a loss as the bitcoin has value. Namely the value is what you bought it at! You can only realize a loss when you sell it for an amount less than what you paid. Or you realize a gain when you sell it for more you paid for it. The price you buy the bitcoin at is used as the basis for calculating your future gains (or losses).

You're right, I'm wrong, I think I need to brush up my tax law
19  Economy / Economics / Re: Why Bitcoin will collapse in price. on: December 12, 2013, 09:58:31 PM

Pretty sure someone has corrected you on this point already, there is no single central world bank that regulates currency, as such all major governments would have to be on board to destroy the use of cryptos, in any case your proposition is baseless, there is no way for you to know governments are going to ban bitcoins.



"Give me control of a nation's money and I care not who makes the laws."  Mayer Amschel Rothschild


"The Liberty Dollar (ALD) was a private currency produced in the United States. The currency was issued in minted metal rounds (i.e. coins), gold and silver certificates and electronic currency (eLD). ALD certificates are "warehouse receipts" for real gold and silver owned by the bearer. According to court documents there were about 250,000 holders of Liberty Dollar certificates.[1] The metal was warehoused at Sunshine Minting in Coeur d'Alene, Idaho, prior to a November 2007 raid by the Federal Bureau of Investigation (FBI) and the Secret Service.[2] Until July 2009, the Liberty Dollar was distributed by Liberty Services (formerly known as "National Organization for the Repeal of the Federal Reserve and the Internal Revenue Code" (NORFED), based in Evansville, Indiana. It was created by Bernard von NotHaus, the co-founder of the Royal Hawaiian Mint Company.[3]
In May 2009, von NotHaus and others were charged with federal crimes in connection with the Liberty Dollar and, on July 31, 2009, von NotHaus announced that he had closed the Liberty Dollar operation, pending resolution of the criminal charges.[4] On March 18, 2011, von NotHaus was pronounced guilty of "making, possessing, and selling his own currency".

"Attorney for the Western District of North Carolina, Anne M. Tompkins, described the Liberty Dollar as "a unique form of domestic terrorism" that is trying "to undermine the legitimate currency of this country".[28]

http://en.wikipedia.org/wiki/Liberty_Dollar

The devil is in the details, bro:

A federal grand jury brought an indictment against von NotHaus and three others ...charged with one count of conspiracy to possess and sell coins in resemblance and similitude of coins of a denomination higher than five cents, and silver coins in resemblance of genuine coins of the United States in denominations of five dollars and greater, in violation of 18 U.S.C. § 485, 18 U.S.C. § 486, and 18 U.S.C. § 371; one count of mail fraud in violation of 18 U.S.C. § 1341 and 18 U.S.C. § 2; one count of selling, and possessing with intent to defraud, coins of resemblance and similitude of United States coins in denominations of five cents and higher, in violation of 18 U.S.C. § 485 and 18 U.S.C. § 2; and one count of uttering, passing, and attempting to utter and pass, silver coins in resemblance of genuine U.S. coins in denominations of five dollars or greater, in violation of 18 U.S.C. § 486 and 18 U.S.C. § 2.[24]

Bitcoins aren't actually coins (smh)
20  Bitcoin / Legal / Re: Possibly dangerous tax situation when mining in US on: December 12, 2013, 09:51:25 PM
This is actually a very good question, after thinking about it for a while I can't come up with a concrete answer, too much depends on the valuation of bitcoins as an asset and their stability (or lack thereof).

I can not give you an answer until the price of bitcoins stabilize;


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