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689
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Economy / Speculation / Re: $500 bitcoin by mid-July
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on: April 20, 2013, 07:43:07 PM
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5$ bitcoin by mid-July What we need ? shootdown mtgox and freezing all his accounts and bitcoins  That would raise the price -.- With no more incoming fiat to pump the price, This will be the end of bitcoin speculation "lets make it to the sky to make tons of fiat money". How would there be no more incoming fiat to pump the price? The government would have essentially just killed the exchange that crashed the price 2 times now, removed a ton of supply of bitcoin, specifically those bitcoins that were about to be sold. So wtf? Other exchanges would just come if they didn't have to compete with the gigantic goxxian market depth. |
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690
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Economy / Speculation / Re: Bears, Put Your Money Where Your Mouth Is
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on: April 20, 2013, 07:39:39 PM
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How about end of May?
for 150 strike price
and another one
for 100 strike price
What odds would I get? Obviously should be different than 1:1.
And the bet should be in USD of course.
150 for strike price? Thats above current price. -_- |
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692
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Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
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on: April 20, 2013, 07:31:34 PM
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Seeing a fourth green candle makes me think that we are out of the bear trap. Its gonna take at least 7 to convince me. By that time we are overextended, and a recoil is due. Just like after the 7 consecutive red candles. Buy low. Bitcoin is anyway headed to $300k, or zero. What exactly do you gain, by momentum trading? Don't worry, I already own bitcoins (and a fair amount at that). I fully expect it to go up in the long term, and the risk one takes by not riding the inevitable wave is not worth the reward of getting them a few bucks cheaper. However, I still don't expect straight up from here, as I said before, I need 7 consecutive green candles. EDIT: LOL the $130 wall is being trolled so hard right now. |
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695
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Economy / Economics / Re: My bank account's got robbed by European Commission. Over 700k is lost.
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on: April 20, 2013, 07:21:19 PM
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I find it funny how many "businesses' post on this forum acting like it's not a big deal to have 700k in their bank account. You should NEVER keep a large amount of money in a bank account mainly for tax purposes.
 Could you enlighten us about this ? If you need to pay 1M in monthly wages, where do you move that money from ? What is the link with tax ? The enlightening part is the poster's age, which unfortunately prevents him from understanding anything at all concerning how the world works. As long as you need to spend your days in schools undergoing brainwash, you have pretty little energy to think of anything meaningful. Or you get educated... but not in the public school (i.e, brainwash) system? |
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699
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Economy / Speculation / Re: Government banning bitcoin??
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on: April 20, 2013, 07:13:39 PM
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Money laundering is already illegal. So they need to expand it's definition to include "participate in an internet distributed money laundery activity". It doesn't matter if your bitcoins are legally acquired and used. Some people use Bitcoin for money laundering, that is obscuring the proceeds of crime and by participating in the bitcoin network you are a contributory. Just like every bit that you send online is legal but participating in a torrent swarm is illegal. There is no constitutional right to financial privacy and if the law does not already cover Bitcoin it will be expand it.
This means that you can't run an exchange, you can't wire money to an exchange abroad, you can't meet in a dark alley to trade bits for cash and you can't connect to the Bitcoin p2p internet network. All punishable by 2 to 5 in the fuck-me-in-the-ass prison.
Can they ban Bitcoin ? No, just as they can't ban drugs. People can still grow weed at home. It's just that no sane people will do business in that particular field of activity.
Owning, Spending, buying or selling bitcoins is NOT illegal. Exchanging them without knowing who you're exchanging to is, though. |
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