Nightowlace
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November 14, 2013, 09:06:33 PM |
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The only words that will get through to them are: Silk Road... Drugs... Anonymous digital currency... Money Laundering... Terrorism (this is a big one)...
And that's all they'll need to know. Prepare for the worst guys.
+1 I don't care how much explaining Gavin, the Twins, or anyone else does. All it's gonna take is one phone call from JP Morgan saying hey terrorists are going to use this to move money and we won't be able to control it. Boom done over end game. And for all you Chinese are gonna save us believers. America owes the Chinese 1.3 trillion. We are there economy. You think they won't follow suit?
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rocks
Legendary
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Activity: 1153
Merit: 1000
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November 14, 2013, 09:09:21 PM |
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The only words that will get through to them are: Silk Road... Drugs... Anonymous digital currency... Money Laundering... Terrorism (this is a big one)...
And that's all they'll need to know. Prepare for the worst guys.
That's why all this talk about looking at charts and saying BTC is going to go to $100K by 2016 is nonsense. The easy part of the exponential scaling is over, this involved gaining traction of a smaller community of ~100K like-minded people who understand money and liberty. The next level of exponential scaling will be much harder, this involves becoming more mainstream and either working with (i.e. giving into) governments or outright rejecting attempts to take over the blockchain. It also involves gaining traction with the larger community of people who prefer centralization and government control/protection.
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tHash
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November 14, 2013, 09:22:47 PM |
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It is the speculation thread, but I suspect China will follow Stamp and Gox in a massive selloff. They have more weak hands than anybody at the moment, because they represent the most new money. Should the bearish signals prove to be true of course.
single digits by friday. Is it possible the price could go negative with bitcoin? Yes, it is... https://bitcointalk.org/index.php?topic=333824.0Lets be real here. Just like every US $100 bill has cocaine on it, so will every bitcoin wallet be tainted with something. Any "red list" would probably be limited to a very few generations of transactions, as all transactions would be denied in a scenario where all coins are checked. For one thing, it would be impossible to get businesses to sign on for such a thing, as they would have to deny all bitcoin transactions . . . Also, government has said that they do not want to stifle innovation in the realm of digital currencies, which such a thing of course would. This is just more bear food, it is good to have a supply that at least keeps them alive!
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rampantparanoia
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November 14, 2013, 09:25:36 PM |
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Also, government has said that they do not want to stifle innovation in the realm of digital currencies, which such a thing of course would. While I agree with the point you're making for the most part, this part of your comment stood out to me. When the government says something, think the opposite. Gov't says: "We want to help children learn!" Gov't does: cut education budget Gov't says: "We don't want to stifle innovation in the realm of digital currencies!" Gov't does: introduce barriers to entry Ron Swanson moment.
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Templer
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November 14, 2013, 09:25:40 PM |
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The only words that will get through to them are: Silk Road... Drugs... Anonymous digital currency... Money Laundering... Terrorism (this is a big one)...
And that's all they'll need to know. Prepare for the worst guys.
+1 +1
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Nightowlace
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November 14, 2013, 09:26:06 PM |
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At the beginning of the year I said to myself man I wish I bought Google stock years ago. Looked at the price it was $600ish. I said damn, missed that boat. It's now at $1,000. Now I really missed that boat.... Maybe, maybe not, but I'm not gonna buy in now that's for sure. You think mainstream is saying man this is gonna go to the moon I should buy? Or maybe they are feeling like they missed the boat. Have they? Who knows. I know John Doe probably isn't gonna risk a few thousand to find out.
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freethink2013
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November 14, 2013, 09:31:37 PM |
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So JP Morgan (who got off cheaply with a $5bn fine for falsely selling junk and causing the greatest economic collapse in our lives) are going to ring someone and we're going to take them seriously? It's pretty much their fault that bitcoin is popular and the dollar is fucked.
A big reason people get into bitcoin is because they no longer trust banks. Look at cyrus.
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electronistul
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November 14, 2013, 09:34:45 PM |
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Someone (with a crystal ball) tell me what's going to happen price-wise on stamp over the next 5 hours. Is China still pushing the price up ? I don't see that kind of movement just yet, but anyway it's 5 AM on a Friday morning over there.
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rampantparanoia
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November 14, 2013, 09:37:09 PM |
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Someone (with a crystal ball) tell me what's going to happen price-wise on stamp over the next 5 hours. Is China still pushing the price up ? I don't see that kind of movement just yet, but anyway it's 5 AM on a Friday morning over there.
you can usually tell around 12pm-2pm China Standard time of the day before how the market will react the next day in the US. The crash over the weekend? Yeah, Chinese had a sell off around that time on Saturday (their time). This was Friday night for the US. Each bump up in price has been during this time frame. Last night? Price went up. Until 2PM China Standard Time, our high will remain... 420. (see what I did there? )
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maz
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November 14, 2013, 09:38:14 PM |
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Someone (with a crystal ball) tell me what's going to happen price-wise on stamp over the next 5 hours. Is China still pushing the price up ? I don't see that kind of movement just yet, but anyway it's 5 AM on a Friday morning over there.
Draw your own lines on graphs in mspaint.
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tHash
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November 14, 2013, 09:39:17 PM |
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Also, government has said that they do not want to stifle innovation in the realm of digital currencies, which such a thing of course would. While I agree with the point you're making for the most part, this part of your comment stood out to me. When the government says something, think the opposite. Gov't says: "We want to help children learn!" Gov't does: cut education budget Gov't says: "We don't want to stifle innovation in the realm of digital currencies!" Gov't does: introduce barriers to entry Ron Swanson moment. Indeed this is sometimes the case. If we look at something like prohibition, which is probably a more apt comparison than education, government learned that outlawing some things is counter productive. Regulation was far more profitable for them. Time will tell.
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dasein
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November 14, 2013, 09:39:26 PM |
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This is a good sign. Bitcoin is taken seriously and they are already thinking about possible regulation! Just to make sure that when this industry takes off the US will be part of it and not lagging behind! + 1 Like it or not, regulation is what's going to take bitcoin mainstream, and is therefore, very bullish.
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freethink2013
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November 14, 2013, 09:40:42 PM |
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modest rise to beat previous ath then uncertainty and a drop as we end the weekend
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macsga
Legendary
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Activity: 1484
Merit: 1002
Strange, yet attractive.
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November 14, 2013, 09:40:57 PM |
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If this is a speculative thread I might as well speculate a bit as well. So; here it goes: 1. Do you know any better way to dumb "black" money other than bitcoin? 2. Do you know any better way to "exchange" all that fiat inflation pile from the previous decades for a brand new and robust coin system (while no one really cares about?) 3. Do you think you *really* know for sure that bitcoin has a "noble" cause? 4. Do you think JPM and/or the other big fellas "just ignore it"? 5. What are the chances everything we think about bitcoin is *REALLY* wrong? Well; I'd think again... but then, I'm Greek and I've learned (the hard way) to be a little bit more sceptic the last 5 years... Good night fellas. The rally will continue (and the cause won't be "noble")
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ardana123
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November 14, 2013, 09:41:05 PM |
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This is a good sign. Bitcoin is taken seriously and they are already thinking about possible regulation! Just to make sure that when this industry takes off the US will be part of it and not lagging behind! + 1 Like it or not, regulation is what's going to take bitcoin mainstream, and is therefore, very bullish. But not before a crash back to single digits? Just spitballin' here.
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TheCoinBull
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November 14, 2013, 09:41:58 PM |
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Mt. Gox is on the fritz again
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Erdogan
Legendary
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Activity: 1512
Merit: 1005
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November 14, 2013, 09:42:21 PM |
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Overall sentiment is changing in a bearish direction, very quickly all over this forum. From people expecting a crash from rising too fast, to Mike Hearns, Coin Validation, etc. The writing is on the wall. All it takes is for a whale or two to want to be first to take some profits. In times like these, in USD I trust. It seems you are really a dollarseeker, not a coinseeker.
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tomjo7
Newbie
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November 14, 2013, 09:44:23 PM |
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This is a good sign. Bitcoin is taken seriously and they are already thinking about possible regulation! Just to make sure that when this industry takes off the US will be part of it and not lagging behind! + 1 Like it or not, regulation is what's going to take bitcoin mainstream, and is therefore, very bullish. But not before a crash back to single digits? Just spitballin' here. I don't think it will ever go that low again. The last time it was below $10 was August 2012.
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elux
Legendary
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Activity: 1458
Merit: 1006
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November 14, 2013, 09:47:31 PM |
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This is a good sign. Bitcoin is taken seriously and they are already thinking about possible regulation! Just to make sure that when this industry takes off the US will be part of it and not lagging behind! + 1 Like it or not, regulation is what's going to take bitcoin mainstream, and is therefore, very bullish. Hmm... Yes, but this is the Department of Financial Services of New York and... The New York Stock Exchange, located on Wall Street, and the NASDAQ are the world's first and second largest stock exchanges, respectively, when measured by average daily trading volume and overall market capitalization.[21]
Financial services account for more than 35 percent of the city's employment income.[22]
New York City has been a leading center of finance in the world economy since the end of World War I.[23]
As of August, 2008 the city's financial services industry employs 344,700 workers.[24]
Manhattan is home to six major stock, commodities and futures exchanges:
American Stock Exchange, International Securities Exchange, NASDAQ, New York Board of Trade, New York Mercantile Exchange, and New York Stock Exchange.
This contributes to New York City being a major financial service exporter, both within the United States and globally.
The 344,700 workers in the finance industry collect more than half of all the wages paid in Manhattan, although they hold fewer than one of every six jobs in the borough.
The pay gap between them and the 1.5 million other workers in Manhattan continues to widen, causing some economists to worry about the city’s growing dependence on their extraordinary incomes.I'd say NYC is probably the one place that has the most to fear from Bitcoin out of all the cities in all the world.
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Coinseeker
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November 14, 2013, 09:47:55 PM |
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Overall sentiment is changing in a bearish direction, very quickly all over this forum. From people expecting a crash from rising too fast, to Mike Hearns, Coin Validation, etc. The writing is on the wall. All it takes is for a whale or two to want to be first to take some profits. In times like these, in USD I trust. It seems you are really a dollarseeker, not a coinseeker. It's all fiat.
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