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741  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 30, 2013, 07:24:50 AM
This is how these "dumps" have me feeling lately...



Lol
742  Economy / Speculation / Re: Sheep Marketplace (Black market) turned out to be a scam on: November 30, 2013, 07:23:41 AM
I've never heard of it before, but who would trust a place called the SHEEP marketplace, they clearly only cater to sheeple. Thats almost as dumb as trusting a guy called pirate.

Hey prirate's a good guy, leave him out of this.

Fuck Trendon Shavers.  Wife beating scum.
743  Economy / Speculation / Re: BitPay black friday numbers suck? on: November 30, 2013, 05:46:34 AM
All I see on the speculation subforum are posts by people who believe we`re going to see $10,000 per coin soon or some other wildly optimistic number, yet I also see many of the same people writing that they used their bitcoins this week for shopping. Why would you shop with your coins if you think they`ll be worth 10x (or whatever figure) next year? Is everyone here insane or what?

They are talking about potential, not current value.  Whether or not the potential will play out in the future is unknown, so it doesn't hurt to lock in a small part of the tremendous gains most have seen this month, especially if it helps make a case for merchant adoption.
744  Economy / Speculation / Re: Bitcoin's nemesis on: November 30, 2013, 05:06:30 AM



Well done.  Somebody needed to pick up the slack since I stopped trolling around here.

You were such a better troll.  This guy just spams B.S.

Some of your stuff led to valuable discussions.
745  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 30, 2013, 03:55:08 AM
all we need is just for a major retailer to jump in the pool. that'll start the singularity of the next phase (whatever it is). most investments would be speculation, but it would at the same time make bitcoin a legitimate world currency.
What's going to happen is that first exporters are going to start insisting on payment in Bitcoin instead of Dollars.

Then the retailers will get onboard by necessity.

there is more reason, at least for me, to believe that bitcoin will be accepted by a major retailer.. we're already hearing tons of chatter about ebay/newegg/amazon/tigerdirect accepting BTC.

btw, what is the reason why exporters would want to transact with btc vs.the dollar? my angle with retailers, transactions would cost them significantly less than dealing with paypal/visa or whatever the establishment is. if the retailers could recoup 99% of their revenues vs. 98% (with the status quo 3rd parties).. it would be a huge paradigm shift since retailers make such small margins that 1% would be insane.

Do you think international money transfers and currency conversions are any cheaper than visa transactions?
746  Economy / Speculation / Re: Bitcoin's nemesis on: November 30, 2013, 03:48:33 AM
Shows how gold has zero portability. Why should I trust a 3rd party to hold my gold?

You trust a 3rd party to write your Bitcoin client.

No I don't.  I can read the code and I am capable of understanding it.

And what percentage of Bitcoin's userbase can understand source code? Even if reading it you need to have a high level of understanding to spot a well obfuscated block of code intended to do something nefarious.

No idea.  But how many people understand the code the banks use?  Not very many because it is all closed shit.
747  Economy / Speculation / Re: You will not hold tight if.... on: November 30, 2013, 03:42:50 AM
You don't pay income tax if you spend your BTC instead of selling.

The IRS would certainly disagree with you there.  You still need to pay taxes on any gains under the barter tax code.
748  Economy / Speculation / Re: Bitcoin's 'limted' supply lie on: November 30, 2013, 03:18:25 AM
we are all a superposition of energy and information brightly burning for a shortest moment in the infinity of the endless emptiness.

This is exactly what I love to read in the morning. Today is off to a good start!

But it isn't the morning  Huh

Its the afternoon silly!

Open your eyes.  There is a whole world outside of your little piece of Earth.  It is always morning somewhere.

Lies! Your telling me its somehow different times in different places? Get out of here!

You caught me... I was just trollin  Cheesy
749  Economy / Speculation / Re: Bitcoin's nemesis on: November 30, 2013, 03:06:18 AM
Shows how gold has zero portability. Why should I trust a 3rd party to hold my gold?

You trust a 3rd party to write your Bitcoin client.

No I don't.  I can read the code and I am capable of understanding it.
750  Economy / Speculation / Re: Bitcoin's nemesis on: November 30, 2013, 02:45:43 AM

Lol.  Yes, let's rely on a centralized entity to withstand attacks from banking cartels and governments.
751  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 30, 2013, 02:38:33 AM
It seems people have forgot about the unique thing about platinum: besides its widely uses in the auto industry, it is the only metal where the U.S. goverment can use to pay off ALL its obligations overnight, by minting a 1oz proof platinum coin with the denomination of 1 quadrillion USD. No other metal has this property.

All other metals have this property.
752  Economy / Speculation / Re: Bitcoin's 'limted' supply lie on: November 30, 2013, 01:48:54 AM
we are all a superposition of energy and information brightly burning for a shortest moment in the infinity of the endless emptiness.

This is exactly what I love to read in the morning. Today is off to a good start!

But it isn't the morning  Huh

Its the afternoon silly!

Open your eyes.  There is a whole world outside of your little piece of Earth.  It is always morning somewhere.
753  Economy / Speculation / Re: The Great Crash on: November 29, 2013, 04:26:34 PM
Bought back today. Now I have under half of the BTC I usd to hold. But I learned my lesson not to trade .

But now I am all in with BTC so choo choo motherfuckers!

Guy seems to be wrong every time so i think i 'll sell half of my stack now  Cool Wish me luck

Good luck!  You'll need it if you keep making trading decisions based on what people here say.  Some are idiots and some just flat out lie to you.

You need luck anyway to speculate with bitcoins. All traditional methods are failing one after the other.

I've done well with day trading.  But, then again, I learned on this market, and it took a while before I could reliably earn BTC denominated profits.  Any fool can make fiat profits.

But, I've been immersed in bitcoin nearly every day for nearly 3 years now.  If you don't stay on top of everything and deeply understand the fundamentals, you are gambling and luck is what you are counting on.
754  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 29, 2013, 04:00:19 PM
be honest, who has recently, or will soon add to their silver or gold collection?


(i did! )      sold a few LTC at $45 to cover it.

I'm tempted to move from a few g of gold to a few oz.  LTC seems like a good place to get those funds if it stays up until I get home from Thanksgiving travels.
755  Economy / Speculation / Re: Are all your friends telling you to cash out, too? on: November 29, 2013, 03:53:58 PM
It is a big bet on your wealth indeed - but the point is not "cashing out", at least not in fiat. It is about getting rid of fiat in our daily lives.
I hoard coins because the price of real stuff measured in bitcoins is going down. And it makes sense to me to hoard something that acquires purchasing power over time.

It's a revolutionary experiment where you think that you have front seats but you don't.
You just hoard and wait from others to make things happen.
If you want front seat you should invest some money in services around the ecosystem and in order to do that you must convert some of your coins to fiat.

You don't need fiat to develop an internet service everything you could need can be had for BTC.  Servers, programmers, designers, even the surety bond for becoming a money transmitter can be held in BTC in most states (although you will need more BTC than the equivalent fiat because of the volatility).

While it is true that you can find all those things by paying in BTC you certainly narrow down your options that way.
For every service that accepts BTC i can name 100 that are better and sadly accept only fiat. (Except wordpress which is both top notch and accepts bitcoins)
Also there are many things, that are critical for a business to success, that you can't just buy with bitcoins, like google services or social media ads etc.
Hopefully things are going to change but not for a while ...

You don't need 100 providers and "better" is subjective.  Accepting what I have to pay with is a big plus.  The only way the dinosaurs will adapt is when they start to lose business to the providers who do accept real money.  There is no way I would sell btc to develop a bitcoin related service unless the government forced my hand with taxes or licenses.
756  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 29, 2013, 03:49:08 PM


Just search this thread for "looks heavy" Tongue
757  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 29, 2013, 03:21:33 PM
So with the "get rich quick" schemers on board is that a bullish sign or a bearish sign?  Huh

First one, then the other.
758  Economy / Speculation / Re: Bitcoin's 'limted' supply lie on: November 29, 2013, 03:17:51 PM
This has been debated to death, but perhaps re-framing the argument might show how hollow Bitcoin's scarcity argument is.


Bitcoin cultist's claim one of its greatest virtues is that the supply of Bitcoins is limited to 21 million, but of course if Bitcoin was ever to become the global default currency its promulgators dream about, each Bitcoin would denominationally represent a huge USD equivalent. To this end, if the US treasury said that it was restructuring the USD such that there would be 21 million MegaDollars maximum, but that each of those MegaDollars could be dived up to infinity, does it suddenly become sound money?

When you start your argument with an insult, it is hard to treat it as anything but a troll.
759  Economy / Speculation / Re: Trend In the next 8 hours on: November 29, 2013, 03:15:25 PM
Or you could just listen to my advice (which will be echoed by hundreds on here), save yourself a LOT of money,  and realize that you can't daytrade bitcoins.

I wouldnt see what would be wrong with buying decent amount bitcoins then taking 20% out to play with daytrades


OP wants to trade on bitfinex.  He wouldn't even need to take 20% out.  Just be prepared to lose whatever he puts in his trading account.
760  Economy / Speculation / Re: Trend In the next 8 hours on: November 29, 2013, 03:01:26 PM
Or you could just listen to my advice (which will be echoed by hundreds on here), save yourself a LOT of money,  and realize that you can't daytrade bitcoins.

Sure you can, just never sell unless you are closing a position.

Oh, and a stop loss order.  Don't forget the stop.  Tongue
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