coinableS
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Activity: 1442
Merit: 1186
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May 11, 2015, 12:18:15 AM |
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Bitcoin has a much much lower chance of failure now than it did when I bought in for $10 in 2011. This isn't even my first 18 month bear market. This is normal, but hodling is hard. At the next ATH when we find ourselves regretting not buying MOAR NOW, don't let anybody tell you you didn't earn every bit of it.
Wish I got in back in 2011, but hindsight is 20/20 I probably wouldn't have bought much. I remember first hearing about bitcoin in 2012 and I completely dismissed it as being equivalent to WOW gold. I literally thought that it was some centralized website selling digits for money. I remember thinking, why would anyone pay for that crap? I didn't even look into it to discover that it was actually a revolutionary new technology. |
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gentlemand
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Activity: 2590
Merit: 3015
Welt Am Draht
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May 11, 2015, 12:20:02 AM |
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Even as a permabull I'm kinda doubting the Stockholm launch. I don't know why, but I am. It's great for the validity of bitcoin, and it helps move bitcoin out of the fringe anarchic nerd circle, but for some reason I'm not expecting much volume from KNCs Bitcoin Tracker.
Doesn't the whole concept of an ETN depend the issuers credit rating and credibility? If I was looking to invest I wouldn't be hugely impressed by KNCminer as a company. There's no shortage of beefs from their customers. |
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moffer5
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May 11, 2015, 12:23:19 AM |
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Even as a permabull I'm kinda doubting the Stockholm launch. I don't know why, but I am. It's great for the validity of bitcoin, and it helps move bitcoin out of the fringe anarchic nerd circle, but for some reason I'm not expecting much volume from KNCs Bitcoin Tracker.
Doesn't the whole concept of an ETN depend the issuers credit rating and credibility? If I was looking to invest I wouldn't be hugely impressed by KNCminer as a company. There's no shortage of beefs from their customers. Are some of their customers taking them to court? I don't think I'd trust them. |
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gentlemand
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Activity: 2590
Merit: 3015
Welt Am Draht
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May 11, 2015, 12:26:11 AM |
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Even as a permabull I'm kinda doubting the Stockholm launch. I don't know why, but I am. It's great for the validity of bitcoin, and it helps move bitcoin out of the fringe anarchic nerd circle, but for some reason I'm not expecting much volume from KNCs Bitcoin Tracker.
Doesn't the whole concept of an ETN depend the issuers credit rating and credibility? If I was looking to invest I wouldn't be hugely impressed by KNCminer as a company. There's no shortage of beefs from their customers. Are some of their customers taking them to court? I don't think I'd trust them. Looks like it's in the works http://kncclassaction.com/https://www.change.org/p/knc-miner-knc-miner-refund-your-customers-upon-their-request-it-s-the-lawSome reckon their money was used to fund KNC's private mining operation. |
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Kupsi
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Activity: 1193
Merit: 1003
9.9.2012: I predict that single digits... <- FAIL
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May 11, 2015, 12:32:12 AM |
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Even as a permabull I'm kinda doubting the Stockholm launch. I don't know why, but I am. It's great for the validity of bitcoin, and it helps move bitcoin out of the fringe anarchic nerd circle, but for some reason I'm not expecting much volume from KNCs Bitcoin Tracker.
Doesn't the whole concept of an ETN depend the issuers credit rating and credibility? If I was looking to invest I wouldn't be hugely impressed by KNCminer as a company. There's no shortage of beefs from their customers. The notes are issued by XBT Provider AB, a new company. It shouldn't be hard to prove that they are not running with fractional reserve. |
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ChartBuddy
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Activity: 2366
Merit: 1820
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 11, 2015, 12:57:52 AM |
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Coinshot
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May 11, 2015, 01:22:47 AM |
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Sometimes I think the best thing would be for Satoshi to just dump all his coins right now, take us back to double, maybe single digits and really test the limits of this market. I hope you were just exaggerating... because if Satoshi were to fully dump his/her/its holdings, I have little hope that bitcoin would rise back up... simply because most people here are not believers, but rather, just in it for the money. |
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ChartBuddy
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Activity: 2366
Merit: 1820
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 11, 2015, 01:57:53 AM |
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JorgeStolfi
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May 11, 2015, 02:42:35 AM |
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Sometimes I think the best thing would be for Satoshi to just dump all his coins right now, take us back to double, maybe single digits and really test the limits of this market. I hope you were just exaggerating... because if Satoshi were to fully dump his/her/its holdings, I have little hope that bitcoin would rise back up... simply because most people here are not believers, but rather, just in it for the money. The worst thing that happened to bitcoin was the fast price increase. It turned it from an experimental currency into a pyramid schema, created an absurdly overinflated and overconcentrated mining industry, got the system to depend on a steady supply of new coin buyers instead of actual users, attracted many scammers and heckers, and snake oil salesmen... |
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ChartBuddy
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Activity: 2366
Merit: 1820
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 11, 2015, 02:57:51 AM |
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galdur
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May 11, 2015, 03:56:14 AM |
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The persistent problem still remains - no volume. At least in financial market terms this is just chicken feed.
And without volume obviously you have no buying to maintain any meaningful price. Will that ever change, will bitcoin ever trade on any exchanges that any real money can take seriously? Only time will tell.
Good luck, g
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ChartBuddy
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Activity: 2366
Merit: 1820
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 11, 2015, 03:58:21 AM |
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BlackSpidy
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May 11, 2015, 04:11:34 AM |
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It's still early days. We're gonna see some awesome things in 2016. 2015 is the calm before the storm. I know that bitcoin (and maybe some altcoins, who knows?) is destined to play a big part in the future. It's too damn easy to use and convenient. Only crazy people think it's a complete failure.
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ChartBuddy
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Activity: 2366
Merit: 1820
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 11, 2015, 04:58:21 AM |
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Sitarow
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Activity: 1792
Merit: 1047
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May 11, 2015, 05:11:39 AM |
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Stevenirving
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May 11, 2015, 05:14:55 AM |
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Final dump before the pump to the 250s
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ChartBuddy
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Activity: 2366
Merit: 1820
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 11, 2015, 05:57:52 AM |
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molecular
Donator
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Activity: 2772
Merit: 1019
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May 11, 2015, 06:01:57 AM |
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Sometimes I think the best thing would be for Satoshi to just dump all his coins right now, take us back to double, maybe single digits and really test the limits of this market. I hope you were just exaggerating... because if Satoshi were to fully dump his/her/its holdings, I have little hope that bitcoin would rise back up... simply because most people here are not believers, but rather, just in it for the money. It would be quite a redistribution of coins. But I think bitcoin would rise again afterward. Probably rather quickly, too. |
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jl2012
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Activity: 1792
Merit: 1111
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May 11, 2015, 06:40:30 AM |
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[This is quite new. No spoilers please] A clip for you all, turn on speaker Background: When: 9 May 2015 Where: Guizhou, China Who: 80 cops What: Rehearsal for the "Chinese Dream" event https://www.youtube.com/watch?v=5TdARfnvSDg |
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