Behold! That bitcoin is being sold for $16,000!

Note: RMB99998.88 yuan = $16K

I've downloaded the original post a couple of years ago from a PM forum. As I'd said, I made slight changes to it mainly by replacing the word "silver" with "bitcoin". Needless to say, the original writer was a hard core silverbug, and I guess that some silverbugs here may tell his name (ID).

As the bull market in Bitcoin goes forth from here there will be more and more riders falling from the saddle.

Bull riding is not a natural act either in the rodeo world or the financial one. Both require nerve, consistency, a level head and ironically, strong hands.

You need to be able to master two of the most instinctive and powerful emotions humans can have. Fear and greed.

Fear that the market will turn and cut you to ribbons, stealing your hard earned gains. Fear that you will sell early and miss a huge part of the ride. Fear you will sell late having let greed carry you too far.

Greed that holds you in past the point of reason. Greed that can make you blind to changes in market strength indicators. Greed that can cause you to use margin or over extend yourself in ways in appropriate to your circumstances. Greed that causes you to sell a winner in pursuit of a super winner. For instance selling Bitcoin gaining 90% a year to chase a hot stock tip.

Additionally, you need to be able to stand on the courage of your convictions when all around you are losing theirs. Already we are seeing post after post about selling, swapping, not buying etc. The scared will call over and over for corrections, deep horrible corrections.

"Experts" will call 100's of tops sometimes with dire looking charts, sometimes with dire sounding words, sometimes with both. They will be wrong.

This bull is running because of astounding fundamentals, a unique time in history and tectonic scale shifts in the economic and political worlds. It is not running because of luck, coincidence or the sudden good will of bankers.

It will not stop running or even slow in a meaningful way until the forces propelling it forward stop doing so. Even a partial list of things that would need substantial change to stop the upward velocity of the digital currency is daunting.

The fed would need to stop its reckless currency debasement, the Federal gov't would need to cut spending well beyond the point there is any political will to do so. Interest rates would have be raised several points above the real rate of inflation not the bogus one they trot out on big lie day.

Jobs by the millions would have to magically appear and people who have been on unemployment for years will have to be able to and want to take them. Thousands of pages of bureaucratic regulations choking businesses would have to be repealed. The housing market would have to rebound, the bond market too. The stock market would have to see millions of individuals who can't remember back a few years to ruined 401K's come flooding in.

I left off flying pigs and a reunion of the beatles but you get my point I am sure. The fact of the matter is that the Bitcoin run is not about Bitcoin at all, it is about an accurate reading on the part of people the world over on much larger concerns.

Why Bitcoin more so than gold and silver? Because it has a better set of conditions. For years I listened to ...

Well they are pretty quiet now, during all the very real turmoil in the Middle East and Japan and job market and housing market and dollar melt down Bitcoin not only held its ground it made ENORMOUS gains on king gold.

.... The percentage of people who know about Bitcoin is nearly zero.

Bitcoin is unstoppable at this point. It will be for some time to come. You will need your courage far more than it will need your faith. New buyers will be only too glad to take your stack if you falter.

(a little bit edited)

Government won't ban bitcoin because in the future many evil guys in the government shall happily adopt it for various purposes.

It's like the topic of a Chinese novel "The Besieged City" - the people inside the walls wanted to go out of it while the much more crowds outside were too eagerly going inside. The problem of Bitcoins is that ...

I live in Shanghai, China. What's the terms & conditions? Please elaborate.

In my observation, Bitcoin is really a gigantic roller coaster that often goes on a continuous one-sided market route: in the past history, it went up all the way from $1 to $31, and down from $31 to $2. Now is the second round from $2 to a unpredictable height. What a run!

Roger, Sir.

Hi, Mike,

You're still awake at this time of midnight? I'm glad hearing your quick reply here.

5 days ago, I'd sent an email to you but got no reply from you.

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Hi, Mr. Mike Caldwell,

Till now - 17:00 of 17th January - I haven't received yet the package with 2 pc of physical bitcoins in it, and I want to know that by which means of transportation the mail is usually going: Is it by air mail or staying on an ocean liner? I wonder if you could happen to know this and give me a reply? Thanks.

Goldlyre in Shanghai

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Will the USPS Express Mail send package by air mail? The USPS First Class is too slow for me. Thanks.

jump the gun

<俚>（赛跑时）未听发令枪就起跑，抢跑，行动过早

I've ordered two Casascius Physical Bitcoins from Mr. Mike Caldwell and he had sent those on 30th of last month.

In the email he said:

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Because you are outside the US, for customs purposes I have begun sending the coins inactive for international orders.  I now send the balance to them either immediately when you let me know they arrived, or within 21 days after mailing, whichever comes first.  This allows me to declare them as having a negligible value.

Thanks for your order

Mike

Your coin addresses:

1Cs6PUtCCjHeoCpnNH9stqznd6RApbP9kL :1, 1CseT4yg3y4cQ6mZctfQiPhehUZEkqevb6 :1

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As I'd selected USPS First Class Mail which is cheaper, the coins are very slow and have not reached me yet. Considering that it is now already 21 days after mailing, I have just checked on Bitcoin Block Explorer and the result is -

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Address 1Cs6PUtCCjHeoCpnNH9stqznd6RApbP9kL
 First seen?: Never used on the network (as far as I can tell)
 Received transactions: 0
Received BTC: 0
Sent transactions: 0
Sent BTC: 0
Hash160?: 8222adxxxxxxxxxxxxxx
 Public key?:
Unknown (not seen yet)

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I want to know if it is normal?

Thanks!

Don't miss the train! The next stop shall be in $20 range. 

I noticed a couple of hours ago that there's some selling order of 11000 BTCs lying at $15.75 price on Mt.Gox. However some time later the selling quantity at that price had reduced to only 300 while all of the transaction price in the period were lower than that. Obviously, the big player had changed his mind and cancelled his selling order.   

I have upper 3-digit coins in my cold storage (offline) wallet, as well as have the other small amounts in the online wallets for daily transactions such as shopping, dice and donation etc. 

密码学我是外行，基本一窍不通，看了也白看。我的密码学知识只仅限于最原始的级别，小学老师教的。那就是拿一张方格纸，把每四个中心对称的格子掏空一个，留三个，然后不断的旋转90度，在空格里填上字，呵呵。

首先我还是要看购买渠道是否畅通，多长时间能到。

上月30日发货的，今天1月8日了还没有收到，我在上海。用的邮政服务是这个：Outside USA - USPS First Class Mail (pay by weight, customs number provided, minimal tracking): select this then press Update to see quote

下次再买几个，用另一个邮政服务：Outside USA - USPS Express Mail (flat rate, customs number provided, tracking in most places): ฿2.95。邮费贵一点，我要看速度快多少。

1BTC实物币卖฿1.50一个，฿0.40是运费。

批量买的话，Mike Caldwell的网页上本来就写着：
Price: ฿1.50
(10+: ฿1.15)
(100+: ฿1.10)

淘宝上有杨林科的阿里旺旺标签，我有一次问他，他说他是BtcChina的客服，可能是小家伙客服使用了杨林科的账号。我问他ZF部门有人来发过声音吗？他回答说至今为止没有任何官方的人来过问过。
http://item.taobao.com/item.htm?spm=a230r.1.10.1.xvS9Jg&id=10805371808

好的，谢谢！我打算货来了以后，先兑现一个，作为试验。我用Armory，到时候要是搞不定的话，再来向您请教。

3. 隱藏財富: 眾所周知國內有很多人的財富見不得光, BTC不但可以隱藏財富, 更可以讓人否認財富, 而且不能充公. 即使被抓了, 只要有命出來還可以繼續富豪生活. 這是世上任何貨幣或實物資產難以做到的.
4. 轉移財富: 無論是合法或非法財富, 由於有管制, 現在要把大量人民幣或外幣帶出境外, 是比較麻煩的. 通過BTC可以輕易把財富轉移國外.
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中国富人80%以上财富在房子里，其中极少一部分转移到BTC里也很难，因为BTC的市场容量实在太小了。我算过，只要抛掉两套上海的中端公寓房，把钱换成比特币，就能进入世界前十位比特币首富的行列。这也是我判定比特币长期一定会涨的理由。



1. 客戶端漢化: 這是這裏的人最容易做到的事, 如果大家有興趣, 我可以參與
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Satoshi Client 已经是汉化的了，我在sourceforge.net直接下载的Satoshi Client 就是简体中文汉化版。其他客户端我只用过Armory，没有汉化过。

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