JayJuanGee
Legendary
Online
Activity: 3080
Merit: 6916
ESG, KYC & AML are attack vectors on Bitcoin
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March 17, 2018, 07:52:10 PM |
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[edited out]
Geez louise....I cannot tell if you are trolling or not? It should have been obvious that I am agreeing with you here. I merited the post, then I post a picture illustrating that I agree with it. I realize we have been at odds in the past but it should serve as a breath of fresh air for you that I find your opinion to be valid. Your strategy is very similar to mine, very simply, buy on the way down and sell on the way up. -PoolMinor I guess we are just speaking different languages. I will work harder. 
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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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d_eddie
Legendary
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Activity: 1862
Merit: 1998
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March 17, 2018, 07:56:51 PM Merited by BobLawblaw (1) |
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This can't be the trustee selling. On Saturday? Puh-leeze!
This is manipulation, plain and simple. Somebody wants to have our coins for cheap.
Don't let them.
Hodl.
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jojo69
Legendary
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Activity: 2548
Merit: 3573
1/21000000 , the only math you need to know
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March 17, 2018, 07:57:01 PM |
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wow i think 43% bitcoin dominance is way too much
correction will come soon
What altcoin actually has real utility? Monero, ethereum and maybe filecoin (when it comes out)? And of those 3 only one is a money. So really only Monero should be capitalized beyond what is necessary for on network token utility. Bitcoin dominance should probably be 80% or more. gotta get me some of those Moneros yo
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jojo69
Legendary
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Activity: 2548
Merit: 3573
1/21000000 , the only math you need to know
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March 17, 2018, 08:02:31 PM |
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yeah..I'm gonna have to sell on the low here also....scrypt-pow mining is in a downtrend...I have 13K of income tax to cover with tax man from last year
that I can't write off in any manner ..including equipment (used 2018 $$$ to dump into 15K solo401k for last year (which I can buy crypto with if it stays in
that sandbox...but then again when?) so all is good on that front..but a solo401 for a self-employed business...can only be funded according to you income stream
not on dividends (ie selling crypto more than I make in the year) in 2018....so I'm gonna start hitting a wall here soon with mining puking out
So looking at things now....I too will have to sell some to stay ahead of the rock rolling down ...like you see in traders of the lost ark....the 2018 tax man must be appeased too!
I am hoping that this downturn in crypto prices and BTC etc is due to people in 1) my boat in some manner ..miners or 2) just getting ducks in a row and
have to sell for last years taxes by April 15th in the USA
anyway, the only plus side of dumping stuff to usd now for the above purposes I state...is if the price of BTC dumps further...so I kinda fell like a traitor
but no choice...
the good news is as stated already by anon136...by us both having to sell some now.....I too always sell at the low so the BTC price should shoot up..rapidly !
(frigging reality sucks!)
There are a lot of people in the same boat, Wall St. wants those coins nice and cheap. The pump will come immediately after tax day.
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JayJuanGee
Legendary
Online
Activity: 3080
Merit: 6916
ESG, KYC & AML are attack vectors on Bitcoin
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March 17, 2018, 08:03:19 PM |
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If you average out the men and the women in the survey, then overall, it looks like bloomberg is finding about a 6% self-proclamations of ownership of crypto in the USA... and that does seem a bit high, even in the USA... I do think that we are going to get variance in different parts of the world, and I think that there is quite a bit of speculation that puts world-wide involvement (ownership) at something in the neighborhood of .5%... which would be around 35 million. So, yeah, those bloomberg self-proclamations of ownership numbers are a bit surprisingly high, but the seemingly higher number could be factored into their survey too.... or maybe questions about whether bloomberg are surveying americans broadly enough, and even some problems with seeming to fail to define what is a proper "ownership" threshold, something like currently own $10 or more or have transacted with $10 or more in the past calendar year?.. that is if we could deem such a low threshold of $10 as meaningful ownership?
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d_eddie
Legendary
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Activity: 1862
Merit: 1998
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March 17, 2018, 08:04:18 PM |
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There are a lot of people in the same boat, Wall St. wants those coins nice and cheap.
The pump will come immediately after tax day.
Which is... when's the last deadline?
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d_eddie
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Activity: 1862
Merit: 1998
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March 17, 2018, 08:09:37 PM |
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As a business owner I wouldn't price anything in bitcoin. Not yet anyway. Maybe after wider adoption it's volatility calms down. But you can still price your products in ounces of gold or silver and take bitcoin as payment. So that whole "bitcoin cant be a currency" thing is dumb. It may or may not ever be a good money. But it makes a fine currency even right now.
(snip) Currently on a system's-wide basis, part of the problem with bitcoin has to do with Gresham's law, but another part is not widely adopted, but bitcoin is way better than pms in terms of divisibility, recognition, trustability and portability.. and perhaps a few more things when it just comes to the currency aspect of bitcoin. We may be solving the tx fee issue soonish. Signs are promising. However, one problem I see with bitcoin as a currency is price volatility. It's unbearable. I think that's what Anon136 meant when mentioning gold. OK, 1 btc = 1 btc - so the price in echo-chamber terms is stable, but How many apples for 1 btc? How much bread, gasoline? How many lambos? Until these questions get an answer that drifts as slowly as gold (or better yet, slower), general adoption as a currency isn't reasonable to expect.
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JayJuanGee
Legendary
Online
Activity: 3080
Merit: 6916
ESG, KYC & AML are attack vectors on Bitcoin
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March 17, 2018, 08:10:35 PM |
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There are a lot of people in the same boat, Wall St. wants those coins nice and cheap.
The pump will come immediately after tax day.
Which is... when's the last deadline? April 17 is the tax deadline this year, but it seems a fairly random date to tie to any kind of meaningful BTC price performance
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jojo69
Legendary
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Activity: 2548
Merit: 3573
1/21000000 , the only math you need to know
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March 17, 2018, 08:10:49 PM |
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There are a lot of people in the same boat, Wall St. wants those coins nice and cheap.
The pump will come immediately after tax day.
Which is... when's the last deadline? 17 April
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JayJuanGee
Legendary
Online
Activity: 3080
Merit: 6916
ESG, KYC & AML are attack vectors on Bitcoin
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March 17, 2018, 08:14:02 PM |
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As a business owner I wouldn't price anything in bitcoin. Not yet anyway. Maybe after wider adoption it's volatility calms down. But you can still price your products in ounces of gold or silver and take bitcoin as payment. So that whole "bitcoin cant be a currency" thing is dumb. It may or may not ever be a good money. But it makes a fine currency even right now.
(snip) Currently on a system's-wide basis, part of the problem with bitcoin has to do with Gresham's law, but another part is not widely adopted, but bitcoin is way better than pms in terms of divisibility, recognition, trustability and portability.. and perhaps a few more things when it just comes to the currency aspect of bitcoin. We may be solving the tx fee issue soonish. Signs are promising. However, one problem I see with bitcoin as a currency is price volatility. It's unbearable. I think that's what Anon136 meant when mentioning gold. OK, 1 btc = 1 btc - so the price in echo-chamber terms is stable, but How many apples for 1 btc? How much bread, gasoline? How many lambos? Until these questions get an answer that drifts as slowly as gold (or better yet, slower), general adoption as a currency isn't reasonable to expect. You might be correct that Anon136 is referring to volatility, but he did not say that... and even accounting for volatility, bitcoin is probably better than an ounce of gold or silver as currency, even in the presence.. .. My point is that we can deal with bitcoin's volatility rather than trying to figure out how to currently transact with gold or silver... you go try it.. good luck.
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Searing
Copper Member
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Activity: 2842
Merit: 1441
Clueless!
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March 17, 2018, 08:15:16 PM |
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This can't be the trustee selling. On Saturday? Puh-leeze!
This is manipulation, plain and simple. Somebody wants to have our coins for cheap.
Don't let them.
Hodl.
IMHO, the trustee has powers (at least in usa) to sell at best price...so I bet he can sell ..if he thinks the market is going to tank to 6k i myself think that no selling BTC till sept meeting for gox is a joke..in a liguidation like this in usa you are required to get as much $$$ as fast as possible for the most money..and the gox trustee has 1.5 billion BTC to move IF his view that BTC is 'funny money' he will drop more and more as he tanks the market out of that fear this could get very, very ugly brad
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d_eddie
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Activity: 1862
Merit: 1998
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March 17, 2018, 08:16:09 PM |
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There are a lot of people in the same boat, Wall St. wants those coins nice and cheap.
The pump will come immediately after tax day.
Which is... when's the last deadline? April 17 is the tax deadline this year, but it seems a fairly random date to tie to any kind of meaningful BTC price performance Hm, it's on a Tuesday. Maybe we'll see a pump on the weekend, April 20-22? I'm counting the Friday in the weekend, as it's apparently been for a long time, bitcoin-wise. EDIT - Jojo69 also answered my question. Thanks.
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Searing
Copper Member
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Activity: 2842
Merit: 1441
Clueless!
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March 17, 2018, 08:18:21 PM |
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There are a lot of people in the same boat, Wall St. wants those coins nice and cheap.
The pump will come immediately after tax day.
Which is... when's the last deadline? April 17 is the tax deadline this year, but it seems a fairly random date to tie to any kind of meaningful BTC price performance Hm, it's on a Tuesday. Maybe we'll see a pump on the weekend, April 20-22? I'm counting the Friday in the weekend, as it's apparently been for a long time, bitcoin-wise. EDIT - Jojo69 also answered my question. Thanks. sorry I am always wrong....I need to dump some BTC this week..in that I always dump at the low...now may be a good time to buy (at least my hoard would be happy) but again.....tax man (shudder) or dump coin (grrrr) is my choice coming up....catchup i play..
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bitserve
Legendary
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Activity: 1638
Merit: 1343
Self made HODLER ✓
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March 17, 2018, 08:19:04 PM |
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This can't be the trustee selling. On Saturday? Puh-leeze!
This is manipulation, plain and simple. Somebody wants to have our coins for cheap.
Don't let them.
Hodl.
It isn't Kobayashi: https://www.mtgox.com/img/pdf/20180317_qa.pdf (skip to the last half for english translation)
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tonyq
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Merit: 1001
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March 17, 2018, 08:20:19 PM |
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In other news.....Ethereum is being smashed downwards mercilessly today.
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d_eddie
Legendary
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Activity: 1862
Merit: 1998
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March 17, 2018, 08:22:15 PM |
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This can't be the trustee selling. On Saturday? Puh-leeze!
This is manipulation, plain and simple. Somebody wants to have our coins for cheap.
Don't let them.
Hodl.
IMHO, the trustee has powers (at least in usa) to sell at best price...so I bet he can sell ..if he thinks the market is going to tank to 6k i myself think that no selling BTC till sept meeting for gox is a joke..in a liguidation like this in usa you are required to get as much $$$ as fast as possible for the most money..and the gox trustee has 1.5 billion BTC to move IF his view that BTC is 'funny money' he will drop more and more as he tanks the market out of that fear this could get very, very ugly brad This could get ugly for sure. It's already not too pretty as it is right now. However, the trustee is subject to Japanese - not USA - regulations. I know absolutely nothing about these legal intricacies, but as we've seen in the Gox case, Gox's (I mean the ripped off customers') holdings were accounted in fiat value. If there's any coherence in Japanese bankruptcy laws, giving the corn away too cheap might get the trustee into a hornet's nest of legal retaliation/prosecution. EDIT - more substance to my thesis from bitserve (nice detective job)
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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March 17, 2018, 08:24:00 PM Merited by BobLawblaw (2) |
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This can't be the trustee selling. On Saturday? Puh-leeze!
This is manipulation, plain and simple. Somebody wants to have our coins for cheap.
Don't let them.
Hodl.
It isn't Kobayashi: https://www.mtgox.com/img/pdf/20180317_qa.pdf (skip to the last half for english translation) nice find. +imaginary merits I sold BTC and BCC not by an ordinary sale through the BTC/BCC exchange, but in a manner that would avoid affecting the market price edit: thanks bob. further: At present, nothing has been determined regarding the sale of BTC and BCC in the future.
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bitserve
Legendary
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Activity: 1638
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Self made HODLER ✓
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March 17, 2018, 08:38:17 PM Last edit: March 17, 2018, 09:14:52 PM by bitserve |
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That said... even if Kobayashi didn't directly sell into exchanges immediately crashing the price due to lack of instant liquidity it is obvious all those Bitcoins sold during December to February indirectly reduced the demand on exchanges (in a softer more sustained way). Also, the fear in the market (and insiders frontruning Kobayashi) has probably played a bigger part on the dump than the $400million sold by Kobayashi himself. At least the fear about more btc being sold in the short/medium term is now unjustified and could have a small positive impact on the market. He has just made sure he can finish the bankruptcy proceeding with FULL (theoretical) payment to creditors. His ass is now fully covered as a successful bankruptcy administrator. P.S.: And thanks for the merits! 
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blacky90
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March 17, 2018, 08:41:58 PM |
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this looks like a falling wedge...
could move up soon
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Last of the V8s
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Activity: 1652
Merit: 4392
Be a bank
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March 17, 2018, 08:42:23 PM |
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... frotruning Kabayashi) ...
hey, these are typos obviously, but don't go angering the jojoverlords 
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