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Wary
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August 11, 2014, 09:14:27 PM |
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LEGENDARY is higher than HERO MEMBER STATUS.
Soon we'll have our fair share of "legendary" trolls. lol. Legendary member don't have any privilage then Hero Member. Just title and half yellow coin. It's inflation of titles. Forum membership and post number grows, so too many heroes around, "hero" doesn't mean much nowadays, some super-hero rank is required.  |
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JayJuanGee
Legendary
 Online
Activity: 3724
Merit: 10263
Self-Custody is a right. Say no to"Non-custodial"
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August 11, 2014, 09:15:59 PM |
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Bring on the multi-year bear market. Let the true bit-leavers accumulate all the coins from the weak hands!
No thanks. And please quit with the weak hands myth. I don't get it. Last winter there were tons of people on here saying that if prices fell to $100 or $200 or whatever they would take loans out on their home equity, cash out their 401k, etc, to buy as many as possible. Don't we still want this? Of course NOT... why would we want BTC prices to be suppressed to such a low level.. that is ridiculous to even suggest it.. b/c such a low price would demonstrate an extreme low confidence in BTC value... and as we know, we got into the mid-$300s for a a day or so, earlier this year.. for our post ATH low... and absent some extreme news, it seems fairly unlikely that BTC prices are going to see the $400s again... But prices are too high right now, if we can get back to the $300s at least, all my friends at school who said "bitcoin is too expensive" will think about buying again. Right now we're still sticking around $580 because of all the holders who refuse to accept a loss, but there's not much buying pressure to support it. It's simply unsustainable, imho. Regarding your first part to incentivize your friends to buy at a lower price... Fuck your friends... if they are NOT buying now, then they are just looking for lame excuses... and fail to recognize that they may be left at the rocket launch pad holding their travel bags.... b/c they failed to hop on. On the other hand, your fucking friends will be able to catch the next rocket.. it is just going to cost a little more.. maybe in the $1800 territory.. after the price crashes down from the $3-$5k territory. Regarding your point about too expensive now or unsustainable, you seem to be living in a fantasy world.. of course it is sustainable at this price.. Do U even understand the exponential room for growth for bitcoin? Do you believe that Whats App should be perceived as more valuable than the BTC network... HELLO>>... snap back into reality and convince some of your school "friends" to get off their little fat asses... since they may be eating too much sugar and drinking too many colas too, with their holding onto fiat... |
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fred1111
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August 11, 2014, 09:21:45 PM |
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Regarding your first part to incentivize your friends to buy at a lower price... Fuck your friends... if they are NOT buying now, then they are just looking for lame excuses... and fail to recognize that they may be left at the rocket launch pad holding their travel bags.... b/c they failed to hop on. On the other hand, your fucking friends will be able to catch the next rocket.. it is just going to cost a little more.. maybe in the $1800 territory.. after the price crashes down from the $3-$5k territory.
Regarding your point about too expensive now or unsustainable, you seem to be living in a fantasy world.. of course it is sustainable at this price.. Do U even understand the exponential room for growth for bitcoin? Do you believe that Whats App should be perceived as more valuable than the BTC network... HELLO>>... snap back into reality and convince some of your school "friends" to get off their little fat asses... since they may be eating too much sugar and drinking too many colas too, with their holding onto fiat...
Someone intending to buy BTC should be doing it now. It's not going to get a lot cheaper than this. Sure, you could get another $100 discount if you're lucky. On the other hand, the sale might end abruptly. I for one, just bought 3 more coins  |
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chromosoma
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August 11, 2014, 09:22:45 PM |
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lol, litecoin is going down.....
fuck my, just bough zeusminers....
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hd060053
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August 11, 2014, 09:24:06 PM |
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i would have bought on bitstamp too now, but have no USD. i am waiting for a dump on kraken to buy with EUR.
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JayJuanGee
Legendary
Online
Activity: 3724
Merit: 10263
Self-Custody is a right. Say no to"Non-custodial"
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August 11, 2014, 09:24:25 PM |
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Feels like a bear trap. I'm still in fiat though. I need more convincing.
Good luck with your timing and your hesitancy.... and figuring out "when to get on the train." you seem like the kind of person who would likely get left at the train station and one who may be afraid of his/her own shaddow... sorry about that.  |
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fred1111
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August 11, 2014, 09:26:27 PM |
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Feels like a bear trap. I'm still in fiat though. I need more convincing.
Good luck with your timing and your hesitancy.... and figuring out "when to get on the train." you seem like the kind of person who would likely get left at the train station and one who may be afraid of his/her own shaddow... sorry about that. Hehe, I'm on board now. Tchoo tchooo! |
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JayJuanGee
Legendary
Online
Activity: 3724
Merit: 10263
Self-Custody is a right. Say no to"Non-custodial"
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August 11, 2014, 09:27:14 PM |
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But prices are too high right now, if we can get back to the $300s at least, all my friends at school who said "bitcoin is too expensive" will think about buying again. Right now we're still sticking around $580 because of all the holders who refuse to accept a loss, but there's not much buying pressure to support it. It's simply unsustainable, imho.
Then your friends at school are complete idiots, because they can buy any amount of bitcoin they can afford. They can buy $580, $58, $5.80, hell they can buy $0.58 or $0.001 cents worth. It's all the same, it's all bitcoin. Owning "whole coins" is illusory, it doesn't exist, it doesn't even matter. Even the idea of a single "bitcoin" is simply a meaningless abstraction. A bitcoin is simply an abstract unit of measure, with relative value that changes over time. Like the ounce is in the gold and silver world. No one goes around saying "Hey, I own X number WHOLE ounces of gold!!" No, they say "I own $6000 worth of gold." I think they realize that, but they told me it's not fair that earlier investors could by hundreds of bitcoins for pennies on the dollar and they need to pay $580 to buy just one. So for that reason, they're going to wait until prices come back down again. And then my math teacher said that bitcoin in a ponzi scheme, and that "true value" is only $10 per coin, because he read about it on the Internet. That's just how people think, I guess. YEAH, right. I shouldn't even be quoting your trolling superficial stupid-ass bullshit.  |
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JorgeStolfi
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August 11, 2014, 09:28:04 PM |
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Speaking of Satoshi Nakamoto, I have a "historical" question. When he set up the first mining node and started the current blockchain, did he see it as "the" blockchain, that one day would be used to buy servers from Dell, support investment funds, send people to jail, etc.; or did he think of it as an alpha-test of the protocol, that would be used only by computer nerds, only long enough to show that the idea was sound?
(IIRC there is nothing about that in the published paper. Did he comment on that in his "epistles"?)
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fred1111
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August 11, 2014, 09:30:32 PM |
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Speaking of Satoshi Nakamoto, I have a "historical" question. When he set up the first mining node and started the current blockchain, did he see it as "the" blockchain, that one day would be used to buy servers from Dell, support investment funds, send people to jail, etc.; or did he think of it as an alpha-test of the protocol, that would be used only by computer nerds, only long enough to show that the idea was sound?
(IIRC there is nothing about that in the published paper. Did he comment on that in his "epistles"?)
It's the same chain. Though there have been hard forks. My understanding is that it was meant to last, and that these forks were expected. It was alpha-software, and Satochi wasn't the kind of coder who enjoys looking for bugs before they become an issue. |
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Dump3er
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August 11, 2014, 09:37:33 PM |
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Feels like a bear trap. I'm still in fiat though. I need more convincing.
Good luck with your timing and your hesitancy.... and figuring out "when to get on the train." you seem like the kind of person who would likely get left at the train station and one who may be afraid of his/her own shaddow... sorry about that. This train is leaving since January. All the dudes wanting to get on the train but falling onto the railtrack, since no train is there. A train with such delay must be a ponzie-train. |
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gizmoh
Legendary
 Offline
Activity: 1428
Merit: 1000
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August 11, 2014, 09:39:39 PM |
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lol, litecoin is going down.....
fuck my, just bough zeusminers....
Capitulation just occurred on Okcoin. It's going up from now on. it won't remain under 40 CNY for long,enjoy cheap coins . |
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justusranvier
Legendary
Offline
Activity: 1400
Merit: 1009
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August 11, 2014, 09:41:25 PM |
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Speaking of Satoshi Nakamoto, I have a "historical" question. When he set up the first mining node and started the current blockchain, did he see it as "the" blockchain, that one day would be used to buy servers from Dell, support investment funds, send people to jail, etc.; or did he think of it as an alpha-test of the protocol, that would be used only by computer nerds, only long enough to show that the idea was sound?
(IIRC there is nothing about that in the published paper. Did he comment on that in his "epistles"?)
Yes. http://www.reddit.com/r/Bitcoin/comments/1r8iwt/satoshi_and_hal_finney_discuss_the_value_of/ |
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Yololintian
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August 11, 2014, 09:45:53 PM |
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lol, litecoin is going down.....
fuck my, just bough zeusminers....
Capitulation just occurred on Okcoin. It's going up from now on. it won't remain under 40 CNY for long,enjoy cheap coins . It wasn't capitulation. Litecoin downtrend is not over yet. I think we will see $4.5 - $5 before its over. Right now its just consolidating in preparation for another crash. |
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Torque
Legendary
Offline
Activity: 3570
Merit: 5042
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August 11, 2014, 09:48:10 PM |
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lol, litecoin is going down.....
fuck my, just bough zeusminers....
Capitulation just occurred on Okcoin. It's going up from now on. it won't remain under 40 CNY for long,enjoy cheap coins . It wasn't capitulation. Litecoin downtrend is not over yet. I think we will see $4.5 - $5 before its over. Right now its just consolidating in preparation for another crash. It isn't over for bitcoin yet either. More dumping could follow. |
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Newbie1022
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August 11, 2014, 09:58:12 PM |
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lol, litecoin is going down.....
fuck my, just bough zeusminers....
Capitulation just occurred on Okcoin. It's going up from now on. it won't remain under 40 CNY for long,enjoy cheap coins . It wasn't capitulation. Litecoin downtrend is not over yet. I think we will see $4.5 - $5 before its over. Right now its just consolidating in preparation for another crash. It isn't over for bitcoin yet either. More dumping could follow. Litecoin is getting murdered. Wowowowowowowow!!! |
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ChartBuddy
Legendary
Offline
Activity: 2184
Merit: 1777
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 11, 2014, 09:59:44 PM |
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empowering
Legendary
Offline
Activity: 1078
Merit: 1441
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August 11, 2014, 10:01:42 PM |
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Didn't LTC get massacred by a half just before last big BTC run up ?
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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August 11, 2014, 10:02:16 PM |
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lol, litecoin is going down.....
fuck my, just bough zeusminers....
Capitulation just occurred on Okcoin. It's going up from now on. it won't remain under 40 CNY for long,enjoy cheap coins . It wasn't capitulation. Litecoin downtrend is not over yet. I think we will see $4.5 - $5 before its over. Right now its just consolidating in preparation for another crash. It isn't over for bitcoin yet either. More dumping could follow. Litecoin is getting murdered. Wowowowowowowow!!! Wow! Ouch! Down like 15% |
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