BlindMayorBitcorn
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Activity: 1260
Merit: 1115
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March 02, 2015, 01:09:25 AM |
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bitcoin it is worth its weight in gold.
Care to explain the current price of gold then? First you tell me the weight of a bitcoin.  About tree fiddy. lol  fo fiddy fo fiddy?  |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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wpalczynski
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Activity: 1456
Merit: 1000
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March 02, 2015, 01:10:47 AM |
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bitcoin it is worth its weight in gold.
Care to explain the current price of gold then? First you tell me the weight of a bitcoin. About tree fiddy. lol fo fiddy fo fiddy? at least fo fiddy! |
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Trolfi
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Activity: 72
Merit: 10
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March 02, 2015, 01:16:05 AM |
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"Stolfi's" Rule of Sound Money: if it has no mass, it has no value.
Ageless advice.
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chairforce1
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March 02, 2015, 01:55:12 AM |
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"Stolfi's" Rule of Sound Money: if it has no mass, it has no value.
Ageless advice.
The internet is a conglomeration of data, which is energy. The internet has very very little mass but extreme value. Value is transient through tangible (commodity, fiat) and intangible (knowledge, data) means. For example, if I were to sell you the internet for 1B USD would you buy it? It has little mass compared to a pound of Gold, but immensely more value. Based on this I would say the above argument is false. |
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 02, 2015, 01:59:22 AM |
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billyjoeallen
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Activity: 1106
Merit: 1007
Hide your women
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March 02, 2015, 02:00:29 AM |
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I don't think the shorts are gonna get much of a break. A 9k dump on BFX coundn't break $245 even on a Saturday night and anybody bargain hunting made a quick 9% in minutes and now $258 resistance is support. There is some very substantial upward momentum. I can't see who in their right mind would be selling now when $275 is as close to a sure thing as bitcoin ever gets.
The Feb 26/27 high was breached. Higher highs, higher lows. Still~20K shorts on bfx who will have to cover one way or another. So if we're gonna hit $275 anyway,why not push just a little more and set off that margin call cascade. We could see as high as $360 and then a no-brainer short all the way back down to the $230s.
Huge profit potential. I think the whales are likely to do this with or without us. Might as well skim some cream. The only thing we have to worry about is $268 resistance that killed the rally on Feb 15.
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ChartBuddy
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Activity: 2170
Merit: 1776
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March 02, 2015, 02:59:27 AM |
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Cconvert2G36
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March 02, 2015, 03:57:56 AM
Last edit: March 02, 2015, 04:19:06 AM by Cconvert2G36 |
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The news today has skewed my prediction of 220-250 range before auction. It certainly puts a new spin on things. We will know by march 6 what direction this market wants to go  The true impact of the pink sheet will not be a real factor until the coming weeks/months. Edit: looking at $266 going from resistance to support on the upside, opportunistic dumps on "sell news" mantra for the downside pre auction |
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 02, 2015, 03:59:24 AM |
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BlackSpidy
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March 02, 2015, 04:38:02 AM
Last edit: March 02, 2015, 05:08:05 AM by BlackSpidy |
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bitcoin it is worth its weight in gold.
Care to explain the current price of gold then? First you tell me the weight of a bitcoin. So, something's weight is directly correlated to it's value? Just because something's density is cero kg/m 3, doesnt meant it's without value. Care to explain why mercury and gold are differently priced? Why is lead and gold differently priced? Seems like an arbitrary choice made by society that we all just accept for convenience. Could something digital get to that status? hmm...  hmm... See any similarities? (Also, how do you make an image smaller?) Nevermind. Thanks, empowering! |
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empowering
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Activity: 1078
Merit: 1441
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March 02, 2015, 04:57:46 AM |
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bitcoin it is worth its weight in gold.
Care to explain the current price of gold then? First you tell me the weight of a bitcoin. So, something's weight is directly correlated to it's value? Just because something's density is cero kg/m 3, doesnt meant it's without value. Care to explain why mercury and gold are differently priced? Why is lead and gold differently priced? Seems like an arbitrary choice made by society that we all just accept for convenience. Could something digital get to that status? hmm... hmm...See any similarities? (Also, how do you make an image smaller?) Once you click the add link to image, replace the starting text [img]yourlinkhere.jpg With [img width=50]yourlinkhere.jpg or 100, or 200 etc (see example above) |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 02, 2015, 04:59:26 AM |
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BlackSpidy
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March 02, 2015, 05:02:50 AM |
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snip
(Also, how do you make an image smaller?)
Oh for god's sake. MS paint then resize> change to pixels> and type in like 600 or 800 and let the rest auto populate> save Duh, I mean... can you make it smaller directly here through format code alone? I'm gonna guess no, based on your answer. Thanks, I got it!  |
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empowering
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Activity: 1078
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March 02, 2015, 05:03:40 AM |
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^^ snip
(Also, how do you make an image smaller?)
Oh for god's sake. MS paint then resize> change to pixels> and type in like 600 or 800 and let the rest auto populate> save Duh, I mean... can you make it smaller directly here through format code alone? I'm gonna guess no, based on your answer. |
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spooderman
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Activity: 1638
Merit: 1022
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March 02, 2015, 05:03:50 AM |
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It feels like 2012 to me.
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Cconvert2G36
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March 02, 2015, 05:22:34 AM |
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It feels like 2012 to me.
Shift a couple decimal places, yep. Let's see what can happen without willy, with state sponsored dumpage, 5 major exchanges + a pink sheet share, and less rabid chinese. Too many variables to calculate reliably, but sure to be fun for someone. |
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 02, 2015, 05:59:22 AM |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 02, 2015, 06:59:22 AM |
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Cconvert2G36
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March 02, 2015, 07:01:12 AM |
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$266 pierced again, and rebuffed. Resistance might be... becoming support.
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brg444
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March 02, 2015, 07:03:12 AM |
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nice buying action on finex
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