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661  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 05, 2014, 06:55:47 PM
People act is if it's going to kill them if they have to hold an investment for two years. I let Vanguard convince me to hold on to GNMA securities for five years and only made 2.54%.
This. No-one ever lost money holding BTC for a year.

Until the first sucker for which it's not true anymore.
662  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Darkcoin take second place over Litecoin next bubble? on: October 05, 2014, 06:51:25 PM
Litecoin will continue to follow Bitcoin in price and if we get a prolonged bear market would be declared "dead". For any coin with added utility like added anonymity it has to appear necessary first (Like a demonstration of the lack of anonymity, people in jail, etc..)
Altcoins are way too risky to have right now imo.
663  Economy / Speculation / Re: Source of 30k+ ask wall on Bitstamp on: October 05, 2014, 06:08:31 PM
we should audit Stamp.

lol
664  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 05, 2014, 02:15:41 PM
now it is a very good price to buy price!!!

I AM ALL IN

I've been told exactly that pretty much daily for the last 10 months.

Also please don't get upset if a trader will dump right in your face after you bought your cheap coins. That's their nature.

can't blame them for snacking every profit possible in this situation

I can blame them for Bitcoin going to shit.

God damn you're stupid.
665  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 05, 2014, 01:12:57 PM
Has anyone ever used 247exchange.com. Are they legit? Buying BTC immediately with credit cards and sofortbanking would really be a pleasure for me if i am in a hurry and have no FIAT on exchange.
How long does it take after the payment until i can withdraw the BTC (so that i can buy DOGE before the runup to 1000 Cheesy)?.


btw:

 The company’s statutory capital is $75,000, which guarantees the safety of the clients’ interests when they conduct financial transactions.


75'000$ is peanuts. I would never sell there. That's less than 25 BTCs..... what a joke. Poor mans exchange.

You're missing a digit.
666  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 05, 2014, 12:49:47 AM
http://www.reddit.com/r/Bitcoin/comments/2ibjfi/what_is_the_point_of_atms_if_theyre_going_to_shut/

Quote
I'm in Toronto, I've had this problem several times. First time the price dropped below $400 CAD i went to buy Bitcoin at the Robocoin machine on Bloor street and it didn't work, once the price went up to $480-500 the machine was functioning again. Then I went yesterday when the price was still around $400 CAD and the machine stopped working again.
...

lol.

The Invisible Hand Of The Free Market!
667  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 04, 2014, 06:49:48 PM
668  Bitcoin / Hardware / Re: {BFL} Here's a LOOOOOOOOOOOOOOOOOOK at your Monarch! on: October 01, 2014, 09:21:49 PM
I would pay 100 bucks for an original BFL foam pitchfork and torch set though.
669  Bitcoin / Hardware / Re: {BFL} Here's a LOOOOOOOOOOOOOOOOOOK at your Monarch! on: October 01, 2014, 09:12:41 PM
can some one please post a picture of their Monarch... I will like to see prof customers are receiving the rigs?
Thanks

It's fun to see a post like this as I got a second hand Monarch today for a few hundred €. I just had to buy it no matter what. I'm on the same boat with f***ing  Slok with my problems with bfgminer.

I feel a bit dirty mining with it after all this fuss. It's a like driving a car previously owned by Saddam Hussein or something. But I like it. It feels like being part of history in the making. Like buying a DeLorean just when the company goes bust.

On a more serious note it seems to be running fine with the custom bfgminer provided by BFL. 600GH, 1% rejects and 3.5% HWE. Much much quieter than an Antminer S3 as the fan noise is just mild hum and not booming and whining like Antminer S1's and S3's.

I wouldn't.

It's more like buying Bernie Madoff's socks. Nobody really wants to frame them and hang that on a wall.
670  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 29, 2014, 07:38:56 AM
Right...so if we increase miners rewards by 5x but tell them they can only spend x coins...that change is irrelevant?

If anything is NOT irrelevant it's the monetary base.

It's like that if those extra coins are sent to an address of which the private key are split between them and satoshi nakamoto. Or not even that, it's more like proof of stake coins where the reward is bumped up by X amount without an actual stake.
671  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 29, 2014, 07:23:40 AM
How should a currency rise into existence? How should a technology be adopted. It's not a post-IPO company we're dealing with here. It's the rise of a start-up currency / technology / store of value. All idicators besides price this past year have been growing strong. Price can't lag adoption forever.

Oh..and while we're looking at charts. Let's take a look at the measuring stick the world uses to price everything.

Bubble? or a broken global financial system?



your post is called despair.

Also this:
http://www.slate.com/blogs/moneybox/2012/08/03/the_monetary_base_is_irrelevant.html
672  Economy / Speculation / Re: Any news on the Winkelvoss ETF? on: September 28, 2014, 06:43:26 PM
The Winkelvoss EFT is a dump. They bought a lot of Bitcoins and can't unload them without crashing the market. The EFT is a way for them to exit Bitcoin.
Bingo
673  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 27, 2014, 01:53:32 PM

shit, once these sites started to appear you know what will happen to adoption, imagine your self as a person who've heard something about Bitcoin, your are curious, you want to learn more about it, you go to your search engine and type in Bitcoin, the result will be sites like this...

It's already much much worse...
http://nakamotoinstitute.org/mempool/everyones-a-scammer/
http://nakamotoinstitute.org/mempool/hyperbitcoinization/

hell everything on that site is so whack that unsuspecting newbies will stay away as far as possible.
674  Economy / Speculation / Re: Bitfinex TH1 Contract - Hot Potato Theory on: September 25, 2014, 08:27:56 PM
Nice find, OP.

I'd say that's the most interesting thread in this forum this year so far.
It's a bold proposition that leveraged trading can give a truly worthless asset face value just by itself and I think you are right.
675  Bitcoin / Hardware / Re: BFL ASIC is bogus on: September 25, 2014, 08:06:12 PM
At FTC’s Request, Court Halts Bogus Bitcoin Mining Operation [ftc.gov]

I told you so.  Kiss
676  Economy / Speculation / Re: Bitcoin Crashing Again.... on: September 25, 2014, 07:59:27 PM
BFLs lint is finally sparkling and when it blows there can be suckers dumping their coins in order to recoup their losses they suffered from BFL.
677  Economy / Speculation / Re: EBAY IS GOING TO ACCEPT BTC on: September 22, 2014, 02:31:56 AM
The topic makes a bold factual claim then by post 2 your asking someone else to verify the topic you started which is not factual.   Cry

Captains Of Industry


The whole thing is as ridiculous as usual: A startup making a mobile payment app started integrating the bitpay api which was recently acquired by paypal. The idiotic conclusion here: eBay owns paypal and paypal owns that startup, and that makes it magically seem like eBay itself is using Bitcoin.
678  Economy / Speculation / Re: Why big whales avoid bitcoin on: September 21, 2014, 07:42:06 PM
I feel bad for the guy who bought those FBI coins above market price...

I don't.

for so many reasons and this one:
http://www.latimes.com/local/political/la-me-pc-six-californias-initiative-20140912-story.html
679  Economy / Speculation / Re: Why did bitcoin failed? on: September 11, 2014, 02:14:34 AM
I still do not even now understand why people seem to think bitcoin has in actual fact failed just because the price is still at a low right now. When bitcoin fails it will take more than just a price drop to make people realise it has, this is something that will eventually change and does not prove that bitcoin has failed.

As a get-rich-quick scheme it is arguable that it has failed  Grin

For some people it did. Lookup artforz or Vladimir. They'll be dumping for a long time.
680  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 10, 2014, 05:26:55 PM

Is this supposed to be a picture of all of us on the forum Adam?

I am the blond in front I guess.  Cheesy

they have no idea what they are up against.

The Bitcombie Apocalypse?
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