Why the sudden price rise?

[TERA]

look at the stock market. go and try to make some serious money by trading against the traders. you will lose most of the time. they have the faster machines, better information, more money etc. same thing will happen with bitcoins. people are working day and night to find a way to steal your money. its just a matter of time.

So day-trading on the stock market now equates to theft?  

I am not angry at all. the hype sickens me. this isnt investing. this is flat out gambling.

Why does the hype sicken you, and why do you care?  Why do you care if people are "gambling" (in your opinion) with their money?

yes day trading is theft. have you ever seen a stock pounded right into nothing from people shorting it? day traders will suck the life out of any stock. whereas the people who have put sweat equity into their live saving and pensions or 401ks get nothing. is that fair?
high frequency trading is just as bad. flat out theft. the average investor has absolutley no chance against it.

What is the fundamental difference between day trading and other forms of investing in which the investor intends only to make a profit from other people, other than the time frame? That one is more successful? That doesn't seem like a significant  ethical difference to me.

[notme]

look at the stock market. go and try to make some serious money by trading against the traders. you will lose most of the time. they have the faster machines, better information, more money etc. same thing will happen with bitcoins. people are working day and night to find a way to steal your money. its just a matter of time.

So day-trading on the stock market now equates to theft?  

I am not angry at all. the hype sickens me. this isnt investing. this is flat out gambling.

Why does the hype sicken you, and why do you care?  Why do you care if people are "gambling" (in your opinion) with their money?

yes day trading is theft. have you ever seen a stock pounded right into nothing from people shorting it? day traders will suck the life out of any stock. whereas the people who have put sweat equity into their live saving and pensions or 401ks get nothing. is that fair?
high frequency trading is just as bad. flat out theft. the average investor has absolutley no chance against it.

What is the fundamental difference between day trading and other forms of investing in which the investor intends only to make a profit from other people, other than the time frame? That one is more successful? That doesn't seem like a significant  ethical difference to me.

Not only is shorting harder to pull off in most markets, without shorting bubbles would happen a lot more often.  Would that really be good for the company?

[windjc]

look at the stock market. go and try to make some serious money by trading against the traders. you will lose most of the time. they have the faster machines, better information, more money etc. same thing will happen with bitcoins. people are working day and night to find a way to steal your money. its just a matter of time.

So day-trading on the stock market now equates to theft?   

I am not angry at all. the hype sickens me. this isnt investing. this is flat out gambling.

Why does the hype sicken you, and why do you care?  Why do you care if people are "gambling" (in your opinion) with their money?

the hype of this(bitcoin) reminds me of the dot com bubble. and it does make me sick. because im tired of all the rich fucks taking advantage of your ordinary hard working people.

Quite frankly - and this is going to sound harsh - the person you should be angry at is the person who taught you that "hard work" is what would help you get ahead and have what you want in life. Its take ALOT more than hard work. It takes working smart, investing smart, and being a part of adding a value to society that is really valuable - not that can be easily replaced. For instance, if you are a coal miner, you can be replaced by 100 other coal miners. You provide no real tangible value.

In fact, many people don't work hard, because they understand money, how to make it, invest it and utilize it.

You picked "hard work" as your mantra, obviously it hasn't given you want you wanted and now your bitter. You should look for answers inside yourself, not by chastising people excited about bitcoin.

[Buffer Overflow]

and it does make me sick. because im tired of all the rich fucks taking advantage of your ordinary hard working people.

What has this got to do with Bitcoin?

[600watt]

look at the stock market. go and try to make some serious money by trading against the traders. you will lose most of the time. they have the faster machines, better information, more money etc. same thing will happen with bitcoins. people are working day and night to find a way to steal your money. its just a matter of time.

So day-trading on the stock market now equates to theft?   

I am not angry at all. the hype sickens me. this isnt investing. this is flat out gambling.

Why does the hype sicken you, and why do you care?  Why do you care if people are "gambling" (in your opinion) with their money?

the hype of this(bitcoin) reminds me of the dot com bubble. and it does make me sick. because im tired of all the rich fucks taking advantage of your ordinary hard working people.

Quite frankly - and this is going to sound harsh - the person you should be angry at is the person who taught you that "hard work" is what would help you get ahead and have what you want in life. Its take ALOT more than hard work. It takes working smart, investing smart, and being a part of adding a value to society that is really valuable - not that can be easily replaced. For instance, if you are a coal miner, you can be replaced by 100 other coal miners. You provide no real tangible value.

In fact, many people don't work hard, because they understand money, how to make it, invest it and utilize it.

You picked "hard work" as your mantra, obviously it hasn't given you want you wanted and now your bitter. You should look for answers inside yourself, not by chastising people excited about bitcoin.

if you run into someone rich and he tells you it was all hard work, just ask him "who´s hard work?"

[Zangelbert Bingledack]

To be fair, the ascent of Bitcoin into the mainstream will make a lot of people unnaturally wealthy and ruffle a lot of feathers in the process. Even though those people all took risks on something that was likely to go to zero, people will still be upset since they didn't work hard, etc. It's true, it's unnatural, inhuman in a way to get so wealthy just for identifying a trend that others couldn't see. But the same can be said of early facebook investors, Apple investors, Microsoft investors, etc. People had no idea they'd be big. If everyone knew, they would have been valued highly from the beginning. And Bitcoiners could still lose their entire investment, so are risking a lot. Or if they are risking only a small amount like $50, they won't become wealthy even if we see million-dollar bitcoins, though they could probably buy a nice house if they never sold any along the way (which is extra risky).

[600watt]

To be fair, the ascent of Bitcoin into the mainstream will make a lot of people unnaturally wealthy and ruffle a lot of feathers in the process. Even though those people all took risks on something that was likely to go to zero, people will still be upset since they didn't work hard, etc. It's true, it's unnatural, inhuman in a way to get so wealthy just for identifying a trend that others couldn't see. But the same can be said of early facebook investors, Apple investors, Microsoft investors, etc. People had no idea they'd be big. If everyone knew, they would have been valued highly from the beginning. And Bitcoiners could still lose their entire investment, so are risking a lot. Or if they are risking only a small amount like $50, they won't become wealthy even if we see million-dollar bitcoins, though they could probably buy a nice house if they never sold any along the way (which is extra risky).

this is a topic a thought about myself lately. is it "hard/well deserved" for bitcoiners to get filthy rich? or were they just lucky bastards. i can tell you, this summer wasn´t easy. after i went somewhat "all-in" end of may i sometimes felt like being the idiot (that i actually am...) who invested way to early into a technology that is doomed/will fail/get´s outlawed/etc ...

[cheech300]

To be fair, the ascent of Bitcoin into the mainstream will make a lot of people unnaturally wealthy and ruffle a lot of feathers in the process. Even though those people all took risks on something that was likely to go to zero, people will still be upset since they didn't work hard, etc. It's true, it's unnatural, inhuman in a way to get so wealthy just for identifying a trend that others couldn't see. But the same can be said of early facebook investors, Apple investors, Microsoft investors, etc. People had no idea they'd be big. If everyone knew, they would have been valued highly from the beginning. And Bitcoiners could still lose their entire investment, so are risking a lot. Or if they are risking only a small amount like $50, they won't become wealthy even if we see million-dollar bitcoins, though they could probably buy a nice house if they never sold any along the way (which is extra risky).

this is a topic a thought about myself lately. is it "hard/well deserved" for bitcoiners to get filthy rich? or were they just lucky bastards. i can tell you, this summer wasn´t easy. after i went somewhat "all-in" end of may i sometimes felt like being the idiot (that i actually am...) who invested way to early into a technology that is doomed/will fail/get´s outlawed/etc ...

+1 you are not allone!

[fleabag]

look at the stock market. go and try to make some serious money by trading against the traders. you will lose most of the time. they have the faster machines, better information, more money etc. same thing will happen with bitcoins. people are working day and night to find a way to steal your money. its just a matter of time.

So day-trading on the stock market now equates to theft?   

I am not angry at all. the hype sickens me. this isnt investing. this is flat out gambling.

Why does the hype sicken you, and why do you care?  Why do you care if people are "gambling" (in your opinion) with their money?

the hype of this(bitcoin) reminds me of the dot com bubble. and it does make me sick. because im tired of all the rich fucks taking advantage of your ordinary hard working people.

Quite frankly - and this is going to sound harsh - the person you should be angry at is the person who taught you that "hard work" is what would help you get ahead and have what you want in life. Its take ALOT more than hard work. It takes working smart, investing smart, and being a part of adding a value to society that is really valuable - not that can be easily replaced. For instance, if you are a coal miner, you can be replaced by 100 other coal miners. You provide no real tangible value.

In fact, many people don't work hard, because they understand money, how to make it, invest it and utilize it.

You picked "hard work" as your mantra, obviously it hasn't given you want you wanted and now your bitter. You should look for answers inside yourself, not by chastising people excited about bitcoin.

I am not bitter at all. If I wanted to get into bitcoin I could. All I am saying is that if you are buying bitcoins NOW you missed the boat. The people that got into bitcoins from the very beginning are the only ones who are going to make the real money. THEY are the ones who took the chance or stumbled upon the idea and went for it. I guess the best analogy is that they have nothing to lose unless it goes to zero. People getting in now have too much to lose. Anyone plan on getting rich nowadays in Apple stock? Not going to happen because that boat for your average ordinary investor is long gone.

[windjc]

look at the stock market. go and try to make some serious money by trading against the traders. you will lose most of the time. they have the faster machines, better information, more money etc. same thing will happen with bitcoins. people are working day and night to find a way to steal your money. its just a matter of time.

So day-trading on the stock market now equates to theft?  

I am not angry at all. the hype sickens me. this isnt investing. this is flat out gambling.

Why does the hype sicken you, and why do you care?  Why do you care if people are "gambling" (in your opinion) with their money?

the hype of this(bitcoin) reminds me of the dot com bubble. and it does make me sick. because im tired of all the rich fucks taking advantage of your ordinary hard working people.

Quite frankly - and this is going to sound harsh - the person you should be angry at is the person who taught you that "hard work" is what would help you get ahead and have what you want in life. Its take ALOT more than hard work. It takes working smart, investing smart, and being a part of adding a value to society that is really valuable - not that can be easily replaced. For instance, if you are a coal miner, you can be replaced by 100 other coal miners. You provide no real tangible value.

In fact, many people don't work hard, because they understand money, how to make it, invest it and utilize it.

You picked "hard work" as your mantra, obviously it hasn't given you want you wanted and now your bitter. You should look for answers inside yourself, not by chastising people excited about bitcoin.

I am not bitter at all. If I wanted to get into bitcoin I could. All I am saying is that if you are buying bitcoins NOW you missed the boat. The people that got into bitcoins from the very beginning are the only ones who are going to make the real money. THEY are the ones who took the chance or stumbled upon the idea and went for it. I guess the best analogy is that they have nothing to lose unless it goes to zero. People getting in now have too much to lose. Anyone plan on getting rich nowadays in Apple stock? Not going to happen because that boat for your average ordinary investor is long gone.

You were being extremely bitter. And you might be right. Maybe BTC is at or near its future all time highs. Or maybe its only a fraction of its all time highs. Using Apple as an analogy is weak sauce. Apple is the biggest company in the world (capitalization).  Buying apple stock even 12 years ago could have made you wealthy. And that was after the FIRST Apple (Steve Jobs) boom.

[fleabag]

look at the stock market. go and try to make some serious money by trading against the traders. you will lose most of the time. they have the faster machines, better information, more money etc. same thing will happen with bitcoins. people are working day and night to find a way to steal your money. its just a matter of time.

So day-trading on the stock market now equates to theft?  

I am not angry at all. the hype sickens me. this isnt investing. this is flat out gambling.

Why does the hype sicken you, and why do you care?  Why do you care if people are "gambling" (in your opinion) with their money?

the hype of this(bitcoin) reminds me of the dot com bubble. and it does make me sick. because im tired of all the rich fucks taking advantage of your ordinary hard working people.

Quite frankly - and this is going to sound harsh - the person you should be angry at is the person who taught you that "hard work" is what would help you get ahead and have what you want in life. Its take ALOT more than hard work. It takes working smart, investing smart, and being a part of adding a value to society that is really valuable - not that can be easily replaced. For instance, if you are a coal miner, you can be replaced by 100 other coal miners. You provide no real tangible value.

In fact, many people don't work hard, because they understand money, how to make it, invest it and utilize it.

You picked "hard work" as your mantra, obviously it hasn't given you want you wanted and now your bitter. You should look for answers inside yourself, not by chastising people excited about bitcoin.

I am not bitter at all. If I wanted to get into bitcoin I could. All I am saying is that if you are buying bitcoins NOW you missed the boat. The people that got into bitcoins from the very beginning are the only ones who are going to make the real money. THEY are the ones who took the chance or stumbled upon the idea and went for it. I guess the best analogy is that they have nothing to lose unless it goes to zero. People getting in now have too much to lose. Anyone plan on getting rich nowadays in Apple stock? Not going to happen because that boat for your average ordinary investor is long gone.

You were being extremely bitter. And you might be right. Maybe BTC is at or near its future all time highs. Or maybe its only a fraction of its all time highs. Using Apple as an analogy is weak sauce. Apple is the biggest company in the world (capitalization).  Buying apple stock even 12 years ago could have made you wealthy. And that was after the FIRST Apple (Steve Jobs) boom.

STOP! Tell me of  an investment, other than a stock, that you can prove that a person(s) became filthy rich after the idea had already been fully disseminated in the world. In other words show me where someone put their money and became a millionaire and they were not involved from the very beginning.

[windjc]

look at the stock market. go and try to make some serious money by trading against the traders. you will lose most of the time. they have the faster machines, better information, more money etc. same thing will happen with bitcoins. people are working day and night to find a way to steal your money. its just a matter of time.

So day-trading on the stock market now equates to theft?  

I am not angry at all. the hype sickens me. this isnt investing. this is flat out gambling.

Why does the hype sicken you, and why do you care?  Why do you care if people are "gambling" (in your opinion) with their money?

the hype of this(bitcoin) reminds me of the dot com bubble. and it does make me sick. because im tired of all the rich fucks taking advantage of your ordinary hard working people.

Quite frankly - and this is going to sound harsh - the person you should be angry at is the person who taught you that "hard work" is what would help you get ahead and have what you want in life. Its take ALOT more than hard work. It takes working smart, investing smart, and being a part of adding a value to society that is really valuable - not that can be easily replaced. For instance, if you are a coal miner, you can be replaced by 100 other coal miners. You provide no real tangible value.

In fact, many people don't work hard, because they understand money, how to make it, invest it and utilize it.

You picked "hard work" as your mantra, obviously it hasn't given you want you wanted and now your bitter. You should look for answers inside yourself, not by chastising people excited about bitcoin.

I am not bitter at all. If I wanted to get into bitcoin I could. All I am saying is that if you are buying bitcoins NOW you missed the boat. The people that got into bitcoins from the very beginning are the only ones who are going to make the real money. THEY are the ones who took the chance or stumbled upon the idea and went for it. I guess the best analogy is that they have nothing to lose unless it goes to zero. People getting in now have too much to lose. Anyone plan on getting rich nowadays in Apple stock? Not going to happen because that boat for your average ordinary investor is long gone.

You were being extremely bitter. And you might be right. Maybe BTC is at or near its future all time highs. Or maybe its only a fraction of its all time highs. Using Apple as an analogy is weak sauce. Apple is the biggest company in the world (capitalization).  Buying apple stock even 12 years ago could have made you wealthy. And that was after the FIRST Apple (Steve Jobs) boom.

STOP! Tell me of  an investment, other than a stock, that you can prove that a person(s) became filthy rich after the idea had already been fully disseminated in the world. In other words show me where someone put their money and became a millionaire and they were not involved from the very beginning.

You're a prick. You mentioned Apple and were ironically giving the perfect example of how people created wealth after an initial boom.  Then you say Stop!  Lol. No stocks. Lol!

The answer to your latest question: the Internet.

[Buffer Overflow]

The answer to your latest question: the Internet.

Good reply. Though I'm guessing fleabag will find fault with it.

[tondaS]

look at the stock market. go and try to make some serious money by trading against the traders. you will lose most of the time. they have the faster machines, better information, more money etc. same thing will happen with bitcoins. people are working day and night to find a way to steal your money. its just a matter of time.

So day-trading on the stock market now equates to theft?   

yes day trading is theft. have you ever seen a stock pounded right into nothing from people shorting it? day traders will suck the life out of any stock. whereas the people who have put sweat equity into their live saving and pensions or 401ks get nothing. is that fair?
high frequency trading is just as bad. flat out theft. the average investor has absolutley no chance against it.

The day traders just taking profits from people who dont care.
There are two shops near each other, one is selling some item with 20% higher price than the other, is it theft as well when people buy the item at 20% higher price because they are lazy or dont care ?

[PrintMule]

The day traders just taking profits from people who dont care.
There are two shops near each other, one is selling some item with 20% higher price than the other, is it theft as well when people buy the item at 20% higher price because they are lazy or dont care ?

If I was a dictator supreme ruler of my country there would not be two shops nearby selling same stuff with different margin.

Off topic, yes.

ignore me

[mogrith]

STOP! Tell me of  an investment, other than a stock, that you can prove that a person(s) became filthy rich after the idea had already been fully disseminated in the world. In other words show me where someone put their money and became a millionaire and they were not involved from the very beginning.

Halide Chemical Corp  made photo paper film etc Kodak was eating their lunch. they researched open info and found dry lithography. eventually renamed themselves Xerox.

[fleabag]

look at the stock market. go and try to make some serious money by trading against the traders. you will lose most of the time. they have the faster machines, better information, more money etc. same thing will happen with bitcoins. people are working day and night to find a way to steal your money. its just a matter of time.

So day-trading on the stock market now equates to theft?  

I am not angry at all. the hype sickens me. this isnt investing. this is flat out gambling.

Why does the hype sicken you, and why do you care?  Why do you care if people are "gambling" (in your opinion) with their money?

the hype of this(bitcoin) reminds me of the dot com bubble. and it does make me sick. because im tired of all the rich fucks taking advantage of your ordinary hard working people.

Quite frankly - and this is going to sound harsh - the person you should be angry at is the person who taught you that "hard work" is what would help you get ahead and have what you want in life. Its take ALOT more than hard work. It takes working smart, investing smart, and being a part of adding a value to society that is really valuable - not that can be easily replaced. For instance, if you are a coal miner, you can be replaced by 100 other coal miners. You provide no real tangible value.

In fact, many people don't work hard, because they understand money, how to make it, invest it and utilize it.

You picked "hard work" as your mantra, obviously it hasn't given you want you wanted and now your bitter. You should look for answers inside yourself, not by chastising people excited about bitcoin.

I am not bitter at all. If I wanted to get into bitcoin I could. All I am saying is that if you are buying bitcoins NOW you missed the boat. The people that got into bitcoins from the very beginning are the only ones who are going to make the real money. THEY are the ones who took the chance or stumbled upon the idea and went for it. I guess the best analogy is that they have nothing to lose unless it goes to zero. People getting in now have too much to lose. Anyone plan on getting rich nowadays in Apple stock? Not going to happen because that boat for your average ordinary investor is long gone.

You were being extremely bitter. And you might be right. Maybe BTC is at or near its future all time highs. Or maybe its only a fraction of its all time highs. Using Apple as an analogy is weak sauce. Apple is the biggest company in the world (capitalization).  Buying apple stock even 12 years ago could have made you wealthy. And that was after the FIRST Apple (Steve Jobs) boom.

STOP! Tell me of  an investment, other than a stock, that you can prove that a person(s) became filthy rich after the idea had already been fully disseminated in the world. In other words show me where someone put their money and became a millionaire and they were not involved from the very beginning.

You're a prick. You mentioned Apple and were ironically giving the perfect example of how people created wealth after an initial boom.  Then you say Stop!  Lol. No stocks. Lol!

The answer to your latest question: the Internet.

NO STOCKS COCKSUCKER!

THE INTERNET? GREAT ANSWER DICKHEAD! AND HOW MUCH DID IT COST? FUCKING LOSER

[dwdoc]

STOP! Tell me of  an investment, other than a stock, that you can prove that a person(s) became filthy rich after the idea had already been fully disseminated in the world. In other words show me where someone put their money and became a millionaire and they were not involved from the very beginning.

"Groups are out. Four-piece groups with guitars particularly are finished."
— Dick Rowe, Decca Recording Company executive, 1962 (turning down The Beatles)

[windjc]

STOP! Tell me of  an investment, other than a stock, that you can prove that a person(s) became filthy rich after the idea had already been fully disseminated in the world. In other words show me where someone put their money and became a millionaire and they were not involved from the very beginning.

"Groups are out. Four-piece groups with guitars particularly are finished."
— Dick Rowe, Decca Recording Company executive, 1962 (turning down The Beatles)

Lol.

Awesome.

[windjc]

look at the stock market. go and try to make some serious money by trading against the traders. you will lose most of the time. they have the faster machines, better information, more money etc. same thing will happen with bitcoins. people are working day and night to find a way to steal your money. its just a matter of time.

So day-trading on the stock market now equates to theft?  

I am not angry at all. the hype sickens me. this isnt investing. this is flat out gambling.

Why does the hype sicken you, and why do you care?  Why do you care if people are "gambling" (in your opinion) with their money?

the hype of this(bitcoin) reminds me of the dot com bubble. and it does make me sick. because im tired of all the rich fucks taking advantage of your ordinary hard working people.

Quite frankly - and this is going to sound harsh - the person you should be angry at is the person who taught you that "hard work" is what would help you get ahead and have what you want in life. Its take ALOT more than hard work. It takes working smart, investing smart, and being a part of adding a value to society that is really valuable - not that can be easily replaced. For instance, if you are a coal miner, you can be replaced by 100 other coal miners. You provide no real tangible value.

In fact, many people don't work hard, because they understand money, how to make it, invest it and utilize it.

You picked "hard work" as your mantra, obviously it hasn't given you want you wanted and now your bitter. You should look for answers inside yourself, not by chastising people excited about bitcoin.

I am not bitter at all. If I wanted to get into bitcoin I could. All I am saying is that if you are buying bitcoins NOW you missed the boat. The people that got into bitcoins from the very beginning are the only ones who are going to make the real money. THEY are the ones who took the chance or stumbled upon the idea and went for it. I guess the best analogy is that they have nothing to lose unless it goes to zero. People getting in now have too much to lose. Anyone plan on getting rich nowadays in Apple stock? Not going to happen because that boat for your average ordinary investor is long gone.

You were being extremely bitter. And you might be right. Maybe BTC is at or near its future all time highs. Or maybe its only a fraction of its all time highs. Using Apple as an analogy is weak sauce. Apple is the biggest company in the world (capitalization).  Buying apple stock even 12 years ago could have made you wealthy. And that was after the FIRST Apple (Steve Jobs) boom.

STOP! Tell me of  an investment, other than a stock, that you can prove that a person(s) became filthy rich after the idea had already been fully disseminated in the world. In other words show me where someone put their money and became a millionaire and they were not involved from the very beginning.

You're a prick. You mentioned Apple and were ironically giving the perfect example of how people created wealth after an initial boom.  Then you say Stop!  Lol. No stocks. Lol!

The answer to your latest question: the Internet.

NO STOCKS COCKSUCKER!

THE INTERNET? GREAT ANSWER DICKHEAD! AND HOW MUCH DID IT COST? FUCKING LOSER

What do you do for a living fleabag?

Seriously, it must suck. You are one broke and angry dude.

Meanwhile, I think I'll wire another $50k to Bitstamp, in case there is a pullback.