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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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fonzie
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February 04, 2015, 07:20:38 PM |
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I don't think that wall is going to move
Why not? It's a real wall that's going to have to be destroyed That "wall" is only 3000 BTC, it will be eaten within seconds if things start to move... |
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julian071
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February 04, 2015, 07:21:44 PM |
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It does seem to be one of the most popular arguments for BTC on this forum. Discussion on the merits of altcoins vs BTC always solicit lots of reactions about the market cap, the investments etc. into BTC from the fanboys. Seldom do they refer to the technology itself. |
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fonzie
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February 04, 2015, 07:26:12 PM |
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The remaining 2,9 million left in the orderbook will die a lonely death if no fresh money comes in. Note to potential future bears: first come, first served.  |
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yefi
Legendary
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Activity: 2842
Merit: 1511
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February 04, 2015, 07:27:18 PM |
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it doesn't mean that there aren't real marriages being ruined by bitcoin. It brings to the fore aspects of a person that might otherwise have remained invisible. But is marriage maintained by the invisible to be celebrated? Desperation brings out the worst in some. A desperation not visited but arrived at. |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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February 04, 2015, 07:29:09 PM |
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Hopefully it's just an error, but if it isn't shits gonna go south quick |
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fonzie
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February 04, 2015, 07:30:12 PM |
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Hopefully it's just an error, but if it isn't shits gonna go south quick GOX at least credited you GOXbux, this is way worse.  |
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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February 04, 2015, 07:30:17 PM |
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No telling how bad off the permabulls would be in this war without General William Joseph Allen to guide them.
"Four punch raiders, incoming! Prepare the counterattack!"
I'm no general. More like Jeff Goldblum in Independence Day. I just found a pattern. There's no way we can beat them in a head-on fight. They are far too powerful and smart. We have to front run them. That means do what they do before they do it and that means start making small buys unless you've already got some coin and then keep buying small until the chart levels out and then make BIG DAMN BUYS until the bears get margin calls. and then SELL everything and then some. The best time to go short is immediately after a short squeeze just like the best time to go long is right after a long squeeze. |
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bassclef
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February 04, 2015, 07:32:41 PM |
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I don't think that wall is going to move
Why not? It's a real wall that's going to have to be destroyed I'm thinking something like this... these play out all the time on every timescale. So, no sub $200.  |
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LewiesMan
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February 04, 2015, 07:32:51 PM |
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Hopefully it's just an error, but if it isn't shits gonna go south quick GOX at least credited you GOXbux, this is way worse. StampBux you're gonna get stamped guys. |
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silverfuture
Legendary
Offline
Activity: 947
Merit: 1008
central banking = outdated protocol
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February 04, 2015, 07:33:08 PM |
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It's amazing how the beartrolls take a break from their usual schadenfreude fest to show their tender emotional side in empathy for the wife of a bitcoin cultist who is steering them off the financial cliff. This reddit post is held up as an example of the "typical bitcoin cultist" without considering that there are many people bullish about bitcoin who are not willing to go all in or double down with more buying than is prudent. Of course people are going to make bad investment decisions no matter what the asset is. Don't blame bitcoin for some people's bad decisions or relationships.
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LewiesMan
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February 04, 2015, 07:33:23 PM |
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I don't think that wall is going to move
Why not? It's a real wall that's going to have to be destroyed I'm thinking something like this... these play out all the time on every timescale. So, no sub $200. What phase are we at? |
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LewiesMan
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February 04, 2015, 07:34:50 PM |
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Woot, now this is where all countries follow and we pump upupup. |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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February 04, 2015, 07:36:14 PM |
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I don't think that wall is going to move
Why not? It's a real wall that's going to have to be destroyed I'm thinking something like this... these play out all the time on every timescale. So, no sub $200. What phase are we at? I think 5 or 6, but I would refer to bassclef since he is more knowledgeable Bears simply don't have enough coins to take us to sub 200. Now if this bitstamp issue is something bigger regarding deposits then it could possibly trigger panic, or people will simply move off the exchange. |
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LFC_Bitcoin
Legendary
Offline
Activity: 3528
Merit: 9563
#1 VIP Crypto Casino
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February 04, 2015, 07:36:40 PM |
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Bullish. Get on that train people before it's too late. BUY BUY BUY! |
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marcus_of_augustus
Legendary
Offline
Activity: 3920
Merit: 2348
Eadem mutata resurgo
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February 04, 2015, 07:37:27 PM |
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No telling how bad off the permabulls would be in this war without General William Joseph Allen to guide them.
"Four punch raiders, incoming! Prepare the counterattack!"
nanobrain's sniping about people making her sick and ruining people's loves is small potatoes. Too right, this IS a financial war on the facist forces that are seeking to enslave humanity to their broken fiat monetary system for their own power. The current system is shovelling wealth and earnings out of the lower and middle classes to the very top of the pyramid at a rate never seen before in history. It is brazenly destructive and real people are getting hurt on a scale never seen before, hundreds of millions getting shafted to uselessly enrich a few at the top of the pyramid. We who now recognise this have a moral imperative to warn everybody and anybody who will listen just how fucked up and insidious the current evil system of power, war-mongering, never-ending debt and impoverishment due to centralised fiat money institutions, e.g. debt notes issued by the Federal Reserve. If bitcoin is a possible tip of the spear to slaying the beast that has a strangle-hold on the economic freedom of humanity, we will use it. Wars are never pretty but no make no mistake this is what you are involved in ... got balls? Attempts to label bitcoin supporters a cult is just lazy sloganeering revealing an ignorance of history of money and war cycles. Cults don't upend whole technological, financial and monetary orders. |
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fonzie
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February 04, 2015, 07:39:18 PM |
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It seems that there are more of them... Bitcoin™ - DESTROYER OF RELATIONSHIPS |
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emelac
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February 04, 2015, 07:41:24 PM |
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Hopefully it's just an error, but if it isn't shits gonna go south quick GOX at least credited you GOXbux, this is way worse. StampBux you're gonna get stamped guys. Bitstamp had to swap banks last year didn't it? I wonder if they will have to swap again. |
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JorgeStolfi
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February 04, 2015, 07:44:15 PM |
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... but the exchange's bank accounts are still required to comply with AML/KYC, if I understood correctly. Only the BTC deposits and withdrawals are not required to comply. |
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