NotLambchop
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February 22, 2015, 11:40:17 PM |
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~wall of despair and faggotry~
Hahahaha. Language ain't your strong suit, bulls. Not your fault, you ain't bred for your smarts. Just remember: no matter how you lie & try to weasel out of it, you'll inevitably end up at the same place you always do--the slaughterhouse. Irrefutable scientific fact known to every child with a 5th grade education. No use denying it. Now we can do it the easy way, or the hard way. You choice. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs10.postimg.org%2Fbh0w3heix%2Fcease.jpg&t=665&c=bHWeuKxZFhSaPA) *Good evening, gentlemen.
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BitChick
Legendary
Offline
Activity: 1148
Merit: 1001
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 22, 2015, 11:44:26 PM |
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pretty pathetic bear raid attempt by the greedy noisy, bearpig trolls ... seems like it had to be done though as price was breaking out sideways so they are getting extremely desperate now, as we can tell from the synchronised hating fest that seemingly came from nowhere in time for the quietest time of the market ... chinese NY over tomorrow and fiat starts hitting the exchanges again, need to paint the tape for that
The beartrolls are scammers of the highest order. Worse than neobee or a host of other failed or scammy bitcoin ventures and are just as fraudulent in trying to scare emotionally or financially weak people out of their coins. At least the outright scams asked nicely instead of using fear or emotional engineering. They lie about their objectives and try to obfuscate the truth by making it seem like their motivations for posting are out of moral duty to save fools from losing their money when in fact they are not ethical agents, just greedy book talkers or seriously confused dipshitsThe short term price movements mean little in the face of what bitcoin has done in a very short time. Amateur hour is pretty much over. Stronger hands that are capable and ethically motivated are gearing up the engines and the real crooks are looking to game or exploit this experiment (which is expected and necessary). However bad the first wave has been (Hello MagicalTux!), they did bootstrap a whole transparent world value ledger and multibillion dollar value economy to this point and must be lauded for their fearlessness of living on the lunatic fringe that also happen to be the spearhead of innovation. Here's to the ones crazy enough to think they can change the world. TL;DR for newbies : Trollbear trader scammers want to cheat you out of your chance of a decent future stake in the most exciting technology/economy shift since the internet itself. Don't be stupid and put yourself at risk in the short term markets and risk another gox, wait for legitimate and secure exchanges or even better just spend them directly when it is ubiquitous. Do this instead FTW!:
1. Buy as much as is comfortable and healthy for your budget at as close to the bottom of long term bear cycles as possible. 2. Put duplicate private keys in cold storage in multiple safe locations and forget about them for a while.
3. learn and grow as an individual learning about economics, ethics, business, blockchain tech, etc. and develop your self discipline so when you have a lot of wealth you can use it wisely instead of what often happens to lottery winners, successful thieves or scammers, or other instantly rich, soon to be poor folks who often get very sick from not knowing how to handle all the stresses and temptations of managing wealth.
4. Have a long term vision and set goals for it, filling in the short term steps and details along the way.
5. Profit and enjoy your wealth and life with people who love you properly, building good things to exchange and taking on challenges to the benefit of yourself and your fellow humans.
Where is the "like" button. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Wisdom is hard to find in a world of foolishness. #1- Check (always wishing I had more to invest on the bottom of these cycles but that is the way it goes I guess) #2- Check (thanks to technically minded husband) #3- Check (this thread can be difficult to learn much on but I have actually learned quite a bit on other threads here! I feel like I have had a crash course in Economics in just the little under 2 years I have been involved in the BTC community. So much to learn) #4- Check (Patience is a virture. Long term thinking is key.) #5 Check (Had some "profit" but nothing really life changing yet. The goal is to at least pay for our kids private college without any debt with the help of our BTC investments, God willing.) Edit: I did use a small amount of BTC, some of which was even gifted to me by one benevolent community member here, to go on an amazing and life changing trip to India a few months ago. I am looking forward to doing even more world-wide outreach when the funds are available to do so. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1116
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 22, 2015, 11:58:04 PM |
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The problem is: trolls are funnier ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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BrewCrewFan
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 22, 2015, 11:58:35 PM |
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pretty pathetic bear raid attempt by the greedy noisy, bearpig trolls ... seems like it had to be done though as price was breaking out sideways so they are getting extremely desperate now, as we can tell from the synchronised hating fest that seemingly came from nowhere in time for the quietest time of the market ... chinese NY over tomorrow and fiat starts hitting the exchanges again, need to paint the tape for that
The beartrolls are scammers of the highest order. Worse than neobee or a host of other failed or scammy bitcoin ventures and are just as fraudulent in trying to scare emotionally or financially weak people out of their coins. At least the outright scams asked nicely instead of using fear or emotional engineering. They lie about their objectives and try to obfuscate the truth by making it seem like their motivations for posting are out of moral duty to save fools from losing their money when in fact they are not ethical agents, just greedy book talkers or seriously confused dipshitsThe short term price movements mean little in the face of what bitcoin has done in a very short time. Amateur hour is pretty much over. Stronger hands that are capable and ethically motivated are gearing up the engines and the real crooks are looking to game or exploit this experiment (which is expected and necessary). However bad the first wave has been (Hello MagicalTux!), they did bootstrap a whole transparent world value ledger and multibillion dollar value economy to this point and must be lauded for their fearlessness of living on the lunatic fringe that also happen to be the spearhead of innovation. Here's to the ones crazy enough to think they can change the world. TL;DR for newbies : Trollbear trader scammers want to cheat you out of your chance of a decent future stake in the most exciting technology/economy shift since the internet itself. Don't be stupid and put yourself at risk in the short term markets and risk another gox, wait for legitimate and secure exchanges or even better just spend them directly when it is ubiquitous. Do this instead FTW!:
1. Buy as much as is comfortable and healthy for your budget at as close to the bottom of long term bear cycles as possible. 2. Put duplicate private keys in cold storage in multiple safe locations and forget about them for a while.
3. learn and grow as an individual learning about economics, ethics, business, blockchain tech, etc. and develop your self discipline so when you have a lot of wealth you can use it wisely instead of what often happens to lottery winners, successful thieves or scammers, or other instantly rich, soon to be poor folks who often get very sick from not knowing how to handle all the stresses and temptations of managing wealth.
4. Have a long term vision and set goals for it, filling in the short term steps and details along the way.
5. Profit and enjoy your wealth and life with people who love you properly, building good things to exchange and taking on challenges to the benefit of yourself and your fellow humans.
I came here 2 years ago knowing nothing, and grow everyday learning. Yeah it sucks for those that bought at the top, but IMO, I think we could see it again. The question is, how many of those that did jump in then, held? I dont think there are many left in that category.
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ChartBuddy
Legendary
Online
Activity: 2268
Merit: 1782
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 22, 2015, 11:59:33 PM |
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NotLambchop
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 23, 2015, 12:01:42 AM |
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BitChick! You're alive! How's BitChickHusband, your Bitcoin worth, what was it he was sure of, $30,000/BTC yet? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) PRAY WITH ME SISTER! ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.sonnyboyonline.com%2Fpicts%2F5_2.jpg&t=665&c=Kh1s9ucnCU6ThQ)
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silverfuture
Legendary
Offline
Activity: 947
Merit: 1008
central banking = outdated protocol
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 23, 2015, 12:21:05 AM |
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I came here 2 years ago knowing nothing, and grow everyday learning.
Yeah it sucks for those that bought at the top, but IMO, I think we could see it again. The question is, how many of those that did jump in then, held? I dont think there are many left in that category.
That's the most important thing and something no one can take away short of giving you brain damage or the like. Even those who bought at 1000.00 are learning something valuable about their decision making abilities. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 23, 2015, 12:24:36 AM |
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Blitz sort this fucking troll out please
He is a disgrace and bringing the forum into disrepute.
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Wary
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February 23, 2015, 12:39:09 AM |
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Kupsi
Legendary
Offline
Activity: 1193
Merit: 1003
9.9.2012: I predict that single digits... <- FAIL
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 23, 2015, 12:39:24 AM |
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Looks like 1 week MACD will turn positive this week ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 23, 2015, 12:42:06 AM |
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Half-true article on the history of money. Szabo did it better, but this is more entertaining. http://www.zerohedge.com/news/2015-02-21/why-does-fiat-money-seemingly-workBy contrast, in a fiat money system in which interest rates are administered by a bureaucratic central economic planning agency the signals sent by interest rates to entrepreneurs about expected future consumer demand and the true cost of capital are continually falsified, and thereby encourage malinvestment of scarce capital. Phases during which the supply of credit and money expands strongly and malinvestments proliferate are known as “economic booms”, and everybody loves them. When a boom turns to bust and the liquidation of malinvested capital becomes necessary, few people are aware that the preceding boom is at fault. And so the cry for more monetary and fiscal intervention arises, which lengthens and deepens the malaise by putting malinvested capital on artificial life support. A near-textbook explanation of Austrian Business Cycle Theory. In Austrian economics, the capital structure of an economy is key. Booms and busts are caused/amplified by distortions in the market rate cost of money (interest). The fact that these distortions are intentionally caused by Central bankers implementing Keynesian policy is why Austrians and Keynesians have such animosity towards each other. The bitcoin economy is currently experiencing a bull market in the fiat asset class due to deflation/ credit contraction in the fiat world. Central banks have hit the zero bound (interest rates can't go below zero or people will just hold onto their money) and have also resorted to outright counterfeiting (quantitative easing), but the consumer still won't spend. They tools they used to boost aggregate demand merely pushed demand forward and now there is little else they can do. The bitcoin bear market looked at from the other direction is a fiat boom that will inevitably bust, but Keynes was right about one thing: Markets can stay irrational longer than you can stay solvent, which is why leveraged speculating is so dangerous even if you get the fundamentals right.
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Wary
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 23, 2015, 12:49:24 AM |
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Looks like 1 week MACD will turn positive this week ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Last time it happened, it was followed by a spectacular rise from 683 to 658 ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F6zD2iY3.png&t=665&c=VdHp7YJTJ7CHag)
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ChartBuddy
Legendary
Online
Activity: 2268
Merit: 1782
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 23, 2015, 12:59:35 AM |
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 23, 2015, 01:40:39 AM |
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If this bear market has been largely caused by Chinese miners that can do nothing with bitcoins except sell them, then it is likely to end when one of two things happen: Either they run out of stockpiled coins to sell over and above coins they are mining, or when the Chinese economy gets so bad that they realize that the killer app is to sneak out of the country with them.
Right now Bitcoins seems to be an answer in search of a problem: Most obviously capital controls in a world where capital is still largely mobile. When this situation changes, it is likely to be sudden and swift although the time frame is difficult to predict with any accuracy.
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 23, 2015, 01:45:32 AM |
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Leveraged bears on BFX now @ 21,302. That means they are in even more danger of being squeezed now than they were yesterday $12 higher. Bears and bulls both doubling down, betting which way it's gonna break, but in the mean time we have some nice stability for the users :-)
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silverfuture
Legendary
Offline
Activity: 947
Merit: 1008
central banking = outdated protocol
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 23, 2015, 01:47:58 AM |
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pretty pathetic bear raid attempt by the greedy noisy, bearpig trolls ... seems like it had to be done though as price was breaking out sideways so they are getting extremely desperate now, as we can tell from the synchronised hating fest that seemingly came from nowhere in time for the quietest time of the market ... chinese NY over tomorrow and fiat starts hitting the exchanges again, need to paint the tape for that
The beartrolls are scammers of the highest order. Worse than neobee or a host of other failed or scammy bitcoin ventures and are just as fraudulent in trying to scare emotionally or financially weak people out of their coins. At least the outright scams asked nicely instead of using fear or emotional engineering. They lie about their objectives and try to obfuscate the truth by making it seem like their motivations for posting are out of moral duty to save fools from losing their money when in fact they are not ethical agents, just greedy book talkers or seriously confused dipshitsThe short term price movements mean little in the face of what bitcoin has done in a very short time. Amateur hour is pretty much over. Stronger hands that are capable and ethically motivated are gearing up the engines and the real crooks are looking to game or exploit this experiment (which is expected and necessary). However bad the first wave has been (Hello MagicalTux!), they did bootstrap a whole transparent world value ledger and multibillion dollar value economy to this point and must be lauded for their fearlessness of living on the lunatic fringe that also happen to be the spearhead of innovation. Here's to the ones crazy enough to think they can change the world. TL;DR for newbies : Trollbear trader scammers want to cheat you out of your chance of a decent future stake in the most exciting technology/economy shift since the internet itself. Don't be stupid and put yourself at risk in the short term markets and risk another gox, wait for legitimate and secure exchanges or even better just spend them directly when it is ubiquitous. Do this instead FTW!:
1. Buy as much as is comfortable and healthy for your budget at as close to the bottom of long term bear cycles as possible. 2. Put duplicate private keys in cold storage in multiple safe locations and forget about them for a while.
3. learn and grow as an individual learning about economics, ethics, business, blockchain tech, etc. and develop your self discipline so when you have a lot of wealth you can use it wisely instead of what often happens to lottery winners, successful thieves or scammers, or other instantly rich, soon to be poor folks who often get very sick from not knowing how to handle all the stresses and temptations of managing wealth.
4. Have a long term vision and set goals for it, filling in the short term steps and details along the way.
5. Profit and enjoy your wealth and life with people who love you properly, building good things to exchange and taking on challenges to the benefit of yourself and your fellow humans.
![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) Best. Post. Ever. There's still the risk that we crash and burn, but losing my $50 invested in bitcoin (now, $53 ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ) is worth what I've learned so far. This ride is gonna be really, really fun. Thanks, glad you found value in it. It's nice to see you are managing your risks comfortably, it makes for a much more enjoyable ride. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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samsonn25
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 23, 2015, 01:48:32 AM |
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If this bear market has been largely caused by Chinese miners that can do nothing with bitcoins except sell them, then it is likely to end when one of two things happen: Either they run out of stockpiled coins to sell over and above coins they are mining, or when the Chinese economy gets so bad that they realize that the killer app is to sneak out of the country with them.
Right now Bitcoins seems to be an answer in search of a problem: Most obviously capital controls in a world where capital is still largely mobile. When this situation changes, it is likely to be sudden and swift although the time frame is difficult to predict with any accuracy.
Mined coins are not that much, 3600 per day and the Chinese probably only have less than 35% share of that so thats only 1200 coins per days assuming they sell all of them every day. There is more belief of short traders and options sellers using leverage.
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rolling
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 23, 2015, 01:48:46 AM |
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If this bear market has been largely caused by Chinese miners that can do nothing with bitcoins except sell them, then it is likely to end when one of two things happen: Either they run out of stockpiled coins to sell over and above coins they are mining, or when the Chinese economy gets so bad that they realize that the killer app is to sneak out of the country with them.
Right now Bitcoins seems to be an answer in search of a problem: Most obviously capital controls in a world where capital is still largely mobile. When this situation changes, it is likely to be sudden and swift although the time frame is difficult to predict with any accuracy.
Miners aren't the ones selling in this market. It's pure speculative manipulation. A miner would never dump coins and cause the price to decline. They would sell the minimum number of coins necessary to cover costs at the best price possible and stock the rest for a much higher price. Let's put this one to bed, miners are not dumping coins and they are certainly not dumping them as a market order.
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