What evidence do you mean concretely?
Mostly, I am referring to the way that BTC China and Gox have been crossing over each other. The USD/CNY hasn't moved that much. Given that observation I have shifted my view that friction between markets does not matter. I now think it is actually desirable. What do you have to say about that the Yuan has outperformed the Dollar for years now, with no end in sight? If the Bitcoin market really is dominated by deflationary effects shouldn't have the USD/BTC rate risen faster than the CNY/BTC rate rather than the other way around? |
|
|
|
|
I like how people who try to appear even more whacked out of their minds accuse him of working for "the enemy". It's really some pandemonium of paranoia, everybody in the conspiracy scene accuses everybody else to be part of THEM. At the worst conspiracy theorists engage in self censorship and taboos, all in all its a toxic mixture of delusion and hypocrisy.
And the very worst part it's very much like Bitcoin.
|
|
|
|
That is likely a self-issued press release from Bitpay. Hardly enough to claim it as "fact". It's a pretty standard PR move.
True but where else is the data going to come from? Somewhere between the left and right hemispheres of Anthony Gallippi. |
|
|
|
|
What evidence do you mean concretely?
|
|
|
|
Trust me, I was sent to a psych ward
I do. |
|
|
|
Ironic that you were one of the people trolled by the Freemason SA connection.  I was trolled by PinkiePie, not the Freemasons. I didn't even pay attention to the Freemason thing, as 1) I know who Freemasons are and what they do (and even considered joining them), and 2) I thought that particular trolling was pretty stupid. I didn't even know that SA was trolling with fremason stuff until after PinkiePie, actually. Get your trolling history straight, goon. I'm more of independent than a Goon, I've only started posting on SA in relation and after following Bitcoin. But thanks for the correction, I've seen your name mentioned over there several times and assumed it was true. Either way if you are serious about trolling AJ PM me. |
|
|
|
I've been wondering for a while whether or not we should come up with a formal response to the inevitable fire & brimstone evangelist argument that Bitcoin is the global currency of end times. Maybe it's not too late.
Of course, if we even argue against it, it could just fan the flames and lead more people taking the position that Bitcoin is some type of antichrist currency.
Perhaps we can take the opposite route, and mock the hell out of those people by actually creating a fake Antichrist Illuminati Church of Bitcoin or something. After all, Satanism was created as a mockery of Catholicism. Ironic that you were one of the people trolled by the Freemason SA connection. |
|
|
|
So what happens if we break below $1200?
capitulation then bounce. |
|
|
|
Waiting for the board to turn bearish again  . And of course for bitcoin price to go up in the meantime. Besides the $2 bottom of 2011 I never saw the board bearish. |
|
|
|
Alex Jones has the kind of job most paranoid schizophrenics can only dream about, ranting about ones delusions and being paid for it by a bunch of morons... priceless. I envy him. |
|
|
|
Mike the maker
Haha good one!  |
|
|
|
Casascius has more Bitcoins than he can cash out anyway.
Definitely not. How many BTCs he is having? I am sure that must be <100,000. The BTC China volume is ~150,000 / day. So if he want, he can cash out in 24 hours. How much of this are the same Bitcoins being traded back and forth? And we are not talking about "just" 100k but in the order of 1-2M, if you pay attention to the rest of the post. |
|
|
|
Rubbish, if it was a ponzi scheme you wouldn't have Millions of dollars worth of investments pouring into infrastructure projects. If it was a ponzi scheme it wouldn't been over already with the few ultra rich cashing out their hundreds of millions and Bitcoin dies..Bitcoin is here to stay. Here is just the thing: What kind of money is really needed for Bitcoin infrastructure? BitPay for instance, they run the website, so a handful of webdevs, and then some journalists for PR, and then that's it. (Besides server and office costs that's it). So what might happen with the VC money in the end? I'll tell you, most of it is sent to the exchange to buy Bitcoins. Then you are all ignoring the most important argument: Bitcoins are no money because they do not have a "predictable" exchange rate. In practical terms that means nobody prices things in Bitcoins. Everybody prices things in USD, EUR in the end, even when they produce the product. |
|
|
|
Some of these big sells may just be people who saw the news and realized they mined some a couple years ago. I wish them luck withdrawing their money. If cashout issues are the reason for these prices Bitcoin is doomed. |
|
|
|
It's all part of one big bubble  |
|
|
|
We have an interesting event coming up - on the next downturn, many new speculators will cash out and will demand money from exchanges. Some of the exchanges aren't going to make it.
That'd be scary. No funny. Laugh! |
|
|
|
It's still around. But maybe you can get Mr. Poopscoop to hire somebody to take over from Tradefortress who seem to have some credibility problem. Or do you think you are up to it? In that case you better get to work, I am starting to worry since my free XRP are becoming worth something. |
|
|
|
|
Seems like a golden knife through frozen butter.
|
|
|
|
|
Show Posts
