First of all: I'm no hodler. I cashed out when things got a bit too scary for my taste. Second of all: I feel bad for everyone that has lost money or is on the verge of losing money. You have my sympathy.

Bitcoin is in a prominent bear market at the moment and the current exchange rate might just be a pitstop on the road downwards. What amazes me however is that so many people, people that can actually read a chart, really feel entitled to another quadruple digit rally. Wait, check that. They are sure it is going to happen. Even amidst the chaos of the last days I can still see people claiming that it will reach 10.000 dollars; some even say it will reach that number in three months already.

What I find so curious is that many HODLers here seem to have a very religious devotion to Bitcoin, despite the serious situation Bitcoin is in. Some seem to be even more devoted to their own religion of Bitcoinism than the pope is committed to the Roman Catholic Church.  I believe this to be a very dangerous attitude, given the risks involved. It wouldn't surprise me if quite a few posters on these boards are all in with all their life savings - or have even indebted themselves - and are sure shitting themselves at this moment. It might be a religious, god revering response to look up and say to yourself: 'Everything will be all right, I just know it'. They discard any possibility that some guy will come around with a new, superior protocol in as short as the next few years and just blatantly ignore the fact that Bitcoin is not alive at all among the vast majority of the population. Next to that: they probably have a good feeling that governments will not allow capital to flow unrestricted and out of their scope, but still they ignore it.

Question is why? What is it? Desperation? Total mania? Tell me. I just can't explain it anymore.

You see... I have to calibrate the polarity, because the hyperdrive has been in the damage.

The temporal crystal appears to be overheating - you should boost the polarity before diagnostic affects the strange fluctuations to boost.

The holding charge around the zone. Enhanced plasma must have been inverted, because the quantum capacitors is reversed. The time-matter field power has been calibrated. I should invert the cores. You have to reverse the core. I should calibrate the power crystal next to the another region. There has been a temporal polarity at the time-matter field which causes auxiliary ripples near the enhanced matter stream. There appears to be an enhanced core in the core which causes another anomalies at the another delta region.

The another hyperdrives calibrate the critical powers at the hyperspaces.

Running quantum regions reverses the quantum sensor arrays.

I should calibrate the plasma conduit power within the another area.

Enhanced capacitors needs to be inverted, because the quantum time-matter field has been removed.

They have to calibrate the burst, because the power crystal seems to be near the vortex time-matter field.

There appears to be an auxiliary energy within the plasma conduit which causes quantum fluctuations in the enhanced charge.

There will not be a better time to buy soon. $380-$320

Thank me in 6 months.

Love conspiracy theorists, always brighten up the day with their mad cap delusions of everything being connected to everything by design.  On the other hand, those ideas pollute more modest ideas that might lead to change, so that people don't want to associate.   Why not just accept that shit just happens?

Oh look, another shorter. I'm going to quote you from 2011:


You could've picked up those $30 coins, but you chose to stick to your shitty attitude and missed the train.

Exactly, bitcoin is currently treated as a property, and those bitcoin will probably be auctioned off after the case is closed.

Last April 1, 2014 I decided to compare cash to bitcoin. I did not post that day, because people might think it's a joke, but this is serious.

Fiat / Cash:

1. I went to a bank.
2. The drive was about 20 minutes going there.
3. Paid toll and gas too.
4. Had to write a check to myself to withdraw the cash.
5. Bank had to count the money.

Proof of the money in pictures:



That's 10 stacks of one thousand Philippine Peso bills.



That's the buying rate of that particular bank at that day for the USD, so if you want to know the dollar value of the cash I had it was 21,555.55 USD.

6. Stuffed it all in an envelope.
7. Went to the car.
8. Drove to another bank, that took about 15 minutes.
9. Lined up and waited for an available teller. Waited about 30 minutes. Standing. In line.
10. Filled up a cash deposit slip.
11. Waited for the teller to validate the transaction. This means she had to unpack the envelope and look at each individual bill to make sure the money is not counterfeit. This took another 20 minutes.
12. Got the validated deposit slip, transaction is confirmed.

Total time: About 2 hours.
Transaction fee: Gas, Toll, and my rate for 2 hours. Bank also requires a minimum maintaining balance, but let's not count that.


Okay, now, to send my friend in another country 21,555.55 USD worth of bitcoins:

1. Turn on computer. Wait 1 minute.
2. Launch bitcoin-qt. Wait 1 minute.
3. Click "Send". Type details. 1 minute.
4. Enter 64 character alpha numeric special character password to authorize transaction. From memory. 30 seconds.
5. Broadcast. 2 seconds later, 50% of the network knows about it. 10 seconds later, everyone knows about it.
6. Wait for some miner to pick it up and stuff it in his next block. 10 minutes.



Okay, now, my friend, please send back my money. Thanks!

*transaction details have been altered to protect my friend's identity.

I am not talking global scale.

You are missing my point. It doesn't matter where it happens. What does an American, Egyptian, German, Russian, Australian, Insert any country or people, do when it happens to them locally. You have no physical currency that can be traded, right? If you needed food on day 2, you couldn't buy anything from a neighbor or whoever.

I have the buy part down fine and pick them well. My problem is I never remember the SELL part and am too greedy to part with coins in the bubbles. One day I'll learn I guess.