Fly high way way up in the sky!

[fleabag]

I think we are going even higher from here, just based on the fact that everyone and their mother is looking for a correction. I am thinking $500+ then the pyramid will collapse.

Dont look for help from China. Billion plus people but the distribution of wealth is probably skewed off the chart. Guesstimate 10000 people hold all the wealth in the country?

[jojo69]

[fleabag]

hey mofo

[Chief Satangkai]

The country is a toilet.

toi·let  (toilt)
A fixture for defecation and urination, consisting of a bowl fitted with a hinged seat
and connected to a waste pipe and a flushing apparatus.  

[Ibian]

I know for a fact that some of the asian countries are so clean, they wash their sidewalks every morning.

[BitChick]

I don't know.  China is appearing smarter than the US lately in the fact that they are buying more and more BTC. Also, all the Asian kids I knew growing up were pretty smart and from what I have observed Asians really like money so I would not underestimate them.

[antimattercrusader]

I think we are going even higher from here, just based on the fact that everyone and their mother is looking for a correction. I am thinking $500+ then the pyramid will collapse.

Dont look for help from China. That country is a joke. The majority of the people there live in squalor. I think the per capita for working/middle class is like $17000 a year. The country is a toilet.

What about India? How come they arent mentioned in the same breath as China?

Sell soon and at least get something out of this unsustainable rally.

Something tells me you're one of the 25% of Americans who cannot find the US on a map. (If that is even a real statistic). (Not a US diss, I am American but am frequently disgusted with the people around me, but I will forgo the rant this time)

#1. I would be surprised if they averaged 17k/year, if that is the case it's major progress. Nevertheless....
#2: They are obsessed with cleanliness. Toilet? lmao. A toilet is how we treat most of our public areas. (And alot of people do their homes) Not them. (Sure, there are shitty areas, as with everywhere else)
#3: While there is a large income disparity, and people do live in squalor - there is also a massive amount of wealth in China. While it may not be equally distributed among the people, it's there nonetheless. The people who control it mostly got there by taking risks. Bitcoin and those types of people are two awesome peas in a bad ass pod. Look at the size of the economy there before you say there is no money in China. Wow.
#4. India is good, but also look to Africa. So many reasons. Bullshit government currencies. Highly mobile-tech friendly culture. Familiarity with alt-currency. Minimal traditional banking infrastructure in place to fight. Perfect place for bitcoin to thrive, bitcoin would help them, and they would help bitcoin.

The country is a toilet.

toi·let  (toilt)
A fixture for defecation and urination, consisting of a bowl fitted with a hinged seat
and connected to a waste pipe and a flushing apparatus.  

LMAO You made my day. 谢谢你~

[fleabag]

Bunch of damn kids here. Go outside and play. I have pity for this generation of kids total introverts.

[goxed]

I don't know.  China is appearing smarter than the US lately in the fact that they are buying more and more BTC. Also, all the Asian kids I knew growing up were pretty smart and from what I have observed Asians really like money so I would not underestimate them.

+1
you dont' get to mess with anyone of Asian descent for long that includes Chinese, Indians, Japanese. They are much older civilization than us westerners and they know many more tricks in the book, and mostly are smart and intuitive as hell.  

[adamstgBit]

Bunch of damn kids here. Go outside and play. I have pity for this generation of kids total introverts.

oh wtf, you literally kill the planet for profit, leave behind a broken economy, and you have the audacity to hate on our solution,   please leave.

[fleabag]

Bunch of damn kids here. Go outside and play. I have pity for this generation of kids total introverts.

oh wtf, you literally kill the planet for profit, leave behind a broken economy, and you have the audacity to hate on our solution,   please leave.

LOL

[adamstgBit]

Bunch of damn kids here. Go outside and play. I have pity for this generation of kids total introverts.

oh wtf, you literally kill the planet for profit, leave behind a broken economy, and you have the audacity to hate on our solution,   please leave.

LOL

[fleabag]

The pyramid scheme is getting very toppy.

[Xer0]

Dont look for help from China. That country is a joke. The majority of the people there live in squalor. I think the per capita for working/middle class is like $17000 a year. The country is a toilet.

yeah and thats why they buy like crazy as shit even 50$ higher than already overpriced Mt.Crap

[fleabag]

I am totally convinced this is a pyramid scheme. Do I care, no because I use the coins and it is a great idea. But people you are talking about something that is totally unregulated, no rules nothing. These so called exchanges can do whatever they want to do and they have absolutely zero accountability. The real price could be $1000 or it could be $10 who knows? Look at the mt gox volume. The volume is almost the same whether the price is $200 or $400 a coin. it doesnt make sense. Mark my words an exchange will close its doors keep everyones money and there isnt a damn thing anyone can do about it.

[fleabag]

I am totally convinced this is a pyramid scheme. Do I care, no because I use the coins and it is a great idea. But people you are talking about something that is totally unregulated, no rules nothing. These so called exchanges can do whatever they want to do and they have absolutely zero accountability. The real price could be $1000 or it could be $10 who knows? Look at the mt gox volume. The volume is almost the same whether the price is $200 or $400 a coin. it doesnt make sense. Mark my words an exchange will close its doors keep everyones money and there isnt a damn thing anyone can do about it.

fleabag?!?

More like douchebag!

I am going to give you something special. I cant believe I am doing this, but YOU are my FIRST IGNOREE.
Bye DICK

[antimattercrusader]

ahhhh I can feel the love in this thread!

I am totally convinced this is a pyramid scheme. Do I care, no because I use the coins and it is a great idea. But people you are talking about something that is totally unregulated, no rules nothing. These so called exchanges can do whatever they want to do and they have absolutely zero accountability. The real price could be $1000 or it could be $10 who knows? Look at the mt gox volume. The volume is almost the same whether the price is $200 or $400 a coin. it doesnt make sense. Mark my words an exchange will close its doors keep everyones money and there isnt a damn thing anyone can do about it.

I disagree with you here, a market free of regulation does not equal a pyramid scheme. It just shifts the responsibility of action to the people making the choices, and away from the government. I am sure you're right about an exchange - which is why one should look carefully into the exchanges they use, not put too many eggs in one basket, and unless activley trading, keep your coins in your own secure wallet. Once you send coins to ANYONE else, they're not your coins. They're theirs and they've agreed to pay them back upon demand - but do you trust them? The responsibility & choice of exchange is yours and yours alone.

I support 100% the free market, taking responsibility for my own actions, and self-regulation. We don't need excessive regulation here, if people like that - then go to forex or the stock market.

[BitcoinAshley]

I don't know.  China is appearing smarter than the US lately in the fact that they are buying more and more BTC. Also, all the Asian kids I knew growing up were pretty smart and from what I have observed Asians really like money so I would not underestimate them.

Got your stereotypes mixed up? I think that's supposed to be jews... 

I am totally convinced this is a pyramid scheme. Do I care, no because I use the coins and it is a great idea. But people you are talking about something that is totally unregulated, no rules nothing.

I disagree that an unregulated market is such a bad idea and is inherently going to result in collapse. In fact, regulation is what distorts markets and invites corruption (since it reduces competition by creating a sizable barrier to entry and favoring the employers of the lobbyists who write the legislation.)

These so called exchanges can do whatever they want to do and they have absolutely zero accountability. The real price could be $1000 or it could be $10 who knows? Look at the mt gox volume. The volume is almost the same whether the price is $200 or $400 a coin. it doesnt make sense.

You're right, it's all a huge conspiracy theory. The exchanges just make up the price out of thin air. In fact, Gox price is totally fake since it's a 10% difference, and BTCChina price is fake cuz (1) no trade fees and (2) everyone knows the chinamen make up all their economic statistics anyways. Conspiracy!

Mark my words an exchange will close its doors keep everyones money and there isnt a damn thing anyone can do about it.

Fleablab, you're a little late with this one. This has already happened, what, 10 times? In fact, lately it seems it's been happening at least once a week. And every time it happens the goldbugs are all like "ZOMG see someone can break bitcoin encryption and it is not safe" and the cryptologists and people with at least half a brain are like "STFU, they didn't break bitcoin, they broke the fucktards who keep all their money on unreputable exchanges" and all the people are like "This is why you shouldn't keep tons of cash and bitcoins on an exchange" and guess what? Lots of people have learned their lesson. Sometimes learning a lesson is expensive. Most people aren't used to dealing in unregulated markets so they will get burned a few times (yes it's painful, wah wah cry me a river) before they realize they have to take care of themselves and there is no FDIC CFTC SEC bullshit to wipe their shit-covered asses after they're done getting analingus from Mark Karpeles.

[fleabag]

I don't know.  China is appearing smarter than the US lately in the fact that they are buying more and more BTC. Also, all the Asian kids I knew growing up were pretty smart and from what I have observed Asians really like money so I would not underestimate them.

Got your stereotypes mixed up? I think that's supposed to be jews... 

I am totally convinced this is a pyramid scheme. Do I care, no because I use the coins and it is a great idea. But people you are talking about something that is totally unregulated, no rules nothing.

I disagree that an unregulated market is such a bad idea and is inherently going to result in collapse. In fact, regulation is what distorts markets and invites corruption (since it reduces competition by creating a sizable barrier to entry and favoring the employers of the lobbyists who write the legislation.)

These so called exchanges can do whatever they want to do and they have absolutely zero accountability. The real price could be $1000 or it could be $10 who knows? Look at the mt gox volume. The volume is almost the same whether the price is $200 or $400 a coin. it doesnt make sense.

You're right, it's all a huge conspiracy theory. The exchanges just make up the price out of thin air. In fact, Gox price is totally fake since it's a 10% difference, and BTCChina price is fake cuz (1) no trade fees and (2) everyone knows the chinamen make up all their economic statistics anyways. Conspiracy!

Mark my words an exchange will close its doors keep everyones money and there isnt a damn thing anyone can do about it.

Fleablab, you're a little late with this one. This has already happened, what, 10 times? In fact, lately it seems it's been happening at least once a week. And every time it happens the goldbugs are all like "ZOMG see someone can break bitcoin encryption and it is not safe" and the cryptologists and people with at least half a brain are like "STFU, they didn't break bitcoin, they broke the fucktards who keep all their money on unreputable exchanges" and all the people are like "This is why you shouldn't keep tons of cash and bitcoins on an exchange" and guess what? Lots of people have learned their lesson. Sometimes learning a lesson is expensive. Most people aren't used to dealing in unregulated markets so they will get burned a few times (yes it's painful, wah wah cry me a river) before they realize they have to take care of themselves and there is no FDIC CFTC SEC bullshit to wipe their shit-covered asses after they're done getting analingus from Mark Karpeles.

Good stuff Ash.