Time to dump BTC now I say...

[proudhon]

By the time I did enter into Bitcoin as a speculator, Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice.
So no, I no longer care or 'believe' in Bitcoin. Bitcoin has become what the community who has adopted has made it.

Well yeah, if all you do is hang out in the speculation sub forum, all you are going to hear is greedy bastards talking their book. Duh!

Then tell me, for a newcomer looking to put some of his savings into Bitcoin, how then does he avoid the greedy viper bastards with their manipulated bot controlled markets (some of which possibly fake their volume) and the hyper inflated prices based largely on delusions of avarice?

Is there some 'Gentleman's' market around where Bitcoin is traded only at the long term mean value?

Just remember, the fundamentals suggest bitcoin is going to collapse all the way, so the best investment in bitcoin is a heavily leveraged SHOTR position.  Keep it alive by throwing more money at it when the market moves against it, because eventually the market will completely collapse and you will win.  This has been proven by facts and confirmed bad news sources.  Bitcoin is doomed, and SHOTRING it is a good bet.  I am not being sarcastic.

[1714682181]

1714682181

[Kungfucheez]

Which one of you assholes took a BTC dump this morning?  

[MatTheCat]

Just remember, the fundamentals suggest bitcoin is going to collapse all the way, so the best investment in bitcoin is a heavily leveraged SHOTR position.  Keep it alive by throwing more money at it when the market moves against it, because eventually the market will completely collapse and you will win.  This has been proven by facts and confirmed bad news sources.  Bitcoin is doomed, and SHOTRING it is a good bet.  I am not being sarcastic.

Thanks for the top advice Proudhon, but I have already maxed my leverage out this morning at $835 per coin...going pretty well so far and I should really take profits, but both of us know that Bitcoin is fucked and the longer I leave taking profits, the more profits I am going to get.

[Miz4r]

By the time I did enter into Bitcoin as a speculator, Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice.
So no, I no longer care or 'believe' in Bitcoin. Bitcoin has become what the community who has adopted has made it.

Well yeah, if all you do is hang out in the speculation sub forum, all you are going to hear is greedy bastards talking their book. Duh!

Then tell me, for a newcomer looking to put some of his savings into Bitcoin, how then does he avoid the greedy viper bastards with their manipulated bot controlled markets (some of which possibly fake their volume) and the hyper inflated prices based largely on delusions of avarice which surely must crumble apart at some point before Bitcoin can be allowed to grow?

Is there some 'Gentleman's' market around where Bitcoin is traded only at the long term mean value?

Such bitterness. You sure you aren't just butthurt about missing the ride from 100 to 1200 and are now taking it out on the bots and manipulators who have pushed you out of the market? I doubt you would have been so cynical if you had managed to hang on for the entire ride up. You should be blaming only yourself and not bitcoin or the market.

[MatTheCat]

Such bitterness. You sure you aren't just butthurt about missing the ride from 100 to 1200 and are now taking it out on the bots and manipulators who have pushed you out of the market? I doubt you would have been so cynical if you had managed to hang on for the entire ride up. You should be blaming only yourself and not bitcoin or the market.

Yup.

I am one bitter greedy avaricious viper bastard. Just one of many that makes up the current ethos of the Bitcoin using community. I am in this for what I can get from Bitcoin. That means for me to win, other people need to lose. Despite being an early user and ideological supporter of Bitcoin, I totally missed out, both on the run up from $10 to $260, and then pretty much the same again on the run up from $100 to $1200 (I could even argue that I missed out on run up from 0.001-$30). Since entering market with speculative mind-set however, I have mostly won. That means some people somewhere out there have taken a hit in order to fill my pockets. This pleases me. True, I make duff trades myself with my weekend short positions during the bounce up to resistance levels being a prime example, but I held onto my short position and have since extended it and you know what, I am a ball hair from breaking even already......but of course, I want much more of others peoples fiat (BTC, I am not so bothered about) than just enough to break even, and I intend to get it.

I don't sound very nice do I? That is because my motivations for being involved in Bitcoin aren't very nice. But I am just a harmless tiddler in a big toxic pond of death. Therefore, me describing my Bitcoin attitude as badly as I can, doesn't even come close to the dirty underhand cut throat viperish reality of the present day Bitcoin market.

[Holliday]

By the time I did enter into Bitcoin as a speculator, Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice.
So no, I no longer care or 'believe' in Bitcoin. Bitcoin has become what the community who has adopted has made it.

Well yeah, if all you do is hang out in the speculation sub forum, all you are going to hear is greedy bastards talking their book. Duh!

Then tell me, for a newcomer looking to put some of his savings into Bitcoin, how then does he avoid the greedy viper bastards with their manipulated bot controlled markets (some of which possibly fake their volume) and the hyper inflated prices based largely on delusions of avarice which surely must crumble apart at some point before Bitcoin can be allowed to grow?

Is there some 'Gentleman's' market around where Bitcoin is traded only at the long term mean value?

He dollar cost averages and forgets the daily/weekly/monthly movements. If he wants to add a little market prediction, he dollar costs averages once a month and personally picks what he considers a "good time" to make his monthly purchase.

Oh and... hyper inflated prices...



If everyone believed that, the prices wouldn't be "hyper inflated" anymore, regardless of whatever the "greedy viper bastards and their manipulated bot controlled markets" want.

[MatTheCat]

Oh and... hyper inflated prices...



If everyone believed that, the prices wouldn't be "hyper inflated" anymore, regardless of whatever the "greedy viper bastards and their manipulated bot controlled markets" want.

Just you wait and see.

[Holliday]

I am in this for what I can get from Bitcoin. That means for me to win, other people need to lose.

Only if you (and they) are only interested in fiat profits. Bitcoin has much more to offer than that.

[notme]

I am in this for what I can get from Bitcoin. That means for me to win, other people need to lose.

Only if you (and they) are only interested in fiat profits. Bitcoin has much more to offer than that.

Exactly, I will gladly "lose" dollars to anyone who is willing to "lose" bitcoins to me.

[MatTheCat]

Only if you (and they) are only interested in fiat profits. Bitcoin has much more to offer than that.

I know.

Thanks to Bitcoin, I can by drugs of such high quality that they could never realistically be found trading on the streets without being cut to shit.

As for money laundering, I am not really in that market.

Porn I can stream for free.

For openly moving money around the world, there are far cheaper and more convenient options than using Bitcoin.

Exactly, I will gladly "lose" dollars to anyone who is willing to "lose" bitcoins to me.

Then go long Bitcoin, now!

I have yet more shorts on Bitfinex in the low/mid $830s that are needing triggered and I need a decent volume of mugs buyers to trigger them.

[Holliday]

Oh and... hyper inflated prices...



If everyone believed that, the prices wouldn't be "hyper inflated" anymore, regardless of whatever the "greedy viper bastards and their manipulated bot controlled markets" want.

Just you wait and see.

I've been hearing that for over three years man. You are just the new version of ElectricMucus.

Sure, the exchange rate will probably go down at some point in the future, but as long as Bitcoin continues to function, it will probably go back up. I'm not going to risk handing my coins over to "greedy viper bastards" in the meantime.

[MatTheCat]

I've been hearing that for over three years man. You are just the new version of ElectricMucus.

Sure, the exchange rate will probably go down at some point in the future, but as long as Bitcoin continues to function, it will probably go back up. I'm not going to risk handing my coins over to "greedy viper bastards" in the meantime.

When Bitcoin is in a confirmed stability period or on another bull run, believe me when I tell that my tone will change.

[notme]

Only if you (and they) are only interested in fiat profits. Bitcoin has much more to offer than that.

I know.

Thanks to Bitcoin, I can by drugs of such high quality that they could never realistically be found trading on the streets without being cut to shit.

As for money laundering, I am not really in that market.

Porn I can stream for free.

For openly moving money around the world, there are far cheaper and more convenient options than using Bitcoin.

Exactly, I will gladly "lose" dollars to anyone who is willing to "lose" bitcoins to me.

Then go long Bitcoin, now!

I have yet more shorts on Bitfinex in the low/mid $830s that are needing triggered and I need a decent volume of mugs buyers to trigger them.

I'm already way long since <$1, but thanks for the suggestion.

[Holliday]

Only if you (and they) are only interested in fiat profits. Bitcoin has much more to offer than that.

I know.

Thanks to Bitcoin, I can by drugs of such high quality that they could never realistically be found trading on the streets without being cut to shit.

As for money laundering, I am not really in that market.

Porn I can stream for free.

For openly moving money around the world, there are far cheaper and more convenient options than using Bitcoin.

Well, I personally use it as a store of value which ultimately can not be seized without my permission (and done correctly, can't even be seized with my permission), and a means to transfer value without obtaining help from middlemen or permission from any authorities.

[Denni]

Which one of you assholes took a BTC dump this morning?  

looks like several assholes did it 

[Miz4r]

Such bitterness. You sure you aren't just butthurt about missing the ride from 100 to 1200 and are now taking it out on the bots and manipulators who have pushed you out of the market? I doubt you would have been so cynical if you had managed to hang on for the entire ride up. You should be blaming only yourself and not bitcoin or the market.

Yup.

I am one bitter greedy avaricious viper bastard. Just one of many that makes up the current ethos of the Bitcoin using community. I am in this for what I can get from Bitcoin. That means for me to win, other people need to lose. Despite being an early user and ideological supporter of Bitcoin, I totally missed out, both on the run up from $10 to $260, and then pretty much the same again on the run up from $100 to $1200 (I could even argue that I missed out on run up from 0.001-$30). Since entering market with speculative mind-set however, I have mostly won. That means some people somewhere out there have taken a hit in order to fill my pockets. This pleases me. True, I make duff trades myself with my weekend short positions during the bounce up to resistance levels being a prime example, but I held onto my short position and have since extended it and you know what, I am a ball hair from breaking even already......but of course, I want much more of others peoples fiat (BTC, I am not so bothered about) than just enough to break even, and I intend to get it.

I don't sound very nice do I? That is because my motivations for being involved in Bitcoin aren't very nice. But I am just a harmless tiddler in a big toxic pond of death. Therefore, me describing my Bitcoin attitude as badly as I can, doesn't even come close to the dirty underhand cut throat viperish reality of the present day Bitcoin market.

Well I guess all I can say to this is that we see is what we become ourselves. If I perceive the market as vile and dirty, I become vile and dirty myself when I participate in that market. I however perceive the market as a good thing, a force that moves in a kind of predictable manner if you have a good understanding and insight into the fundamentals and/or the technicals. The bots and manipulators don't really matter in the grand scheme of things. You can't always get it right, but for the longer term I'm confident I'm not wasting my time and money on this. And even for day trading you can do well in the long run if you stick to a favorable risk/reward ratio and have your shit together. Most people however do not and will lose money with sloppy and emotional day trading.

Let me tell you that I have bought my first bitcoins at the top of the bubble in April after following the entire rise as a bear waiting for a dip to buy in. I was a noob back then and didn't know that when the most stubborn bear turns bull, the market will turn around. My average entry point just before the April crash was around $200, and I held during almost the entire crash to $50 putting me deeper into the red than you probably have ever been. My luck was that I was not all in yet, although I wasn't really planning on buying more at that time. But instead of selling at a loss I decided to double down and buy more on the dips to lower my average entry point. I managed to lower my average entry point to around $100-110 in June, but then I decided to spend 88 BTC on a KNC Jupiter and well about half of those BTC I will never see back. So even with mistakes like this I am now sitting at around a 500% ROI after sitting at -400% to -200% ROI for a couple months after April. Patience and a strong believe in the bitcoin protocol rewarded me, and so it can reward you I think. But not with your current attitude, I believe you will hang on to your shorts for too long until it's too late and then you will be too scared to buy back in and get slaughtered.

[piramida]

For openly moving money around the world, there are far cheaper and more convenient options than using Bitcoin.

Oh really? Enlighten the world please, you must posses some hidden knowledge. You need to transfer 100k usd from europe to your partner in states in an irreversible manner with costs around 10$, without using bitcoin, and if possible without the risk of your money being stolen. Explain how.

With bitcoin, it takes me all of 1 second while not picking up a phone or going anywhere + 1 hour wait before the partner is completely sure the money is his. There plainly is no such financial instrument in traditional world, for any money. It is a multi-day process in the best case and involved a ton of confirmations, calls, faxes, walking, signing, whatever, all the 20-century old school mumbo jumbo. We don't drive horses to work anymore, why must the world  still rely on a written ink signatures that anybody could falsify for all of the important deals and finances? Seems archaic and stupid.

[MatTheCat]

Oh really? Enlighten the world please, you must posses some hidden knowledge. You need to transfer 100k usd from europe to your partner in states in an irreversible manner with costs around 10$, without using bitcoin, and if possible without the risk of your money being stolen. Explain how.

As things stand, I can get money from GBP to my German €uro account for as little as 0.2% premium, and this is for amounts less than $10K USD. This takes one day. Presuming my partner wasn't wanting to spend the 100K on black market products off the internet, how can Bitcoin possibly do this cheaper or faster? Bitcoin transaction might take just 30 minutes, but BTC still needs to be cashed out and with that there will be an exchange fee, and then further fees and delays to withdraw funds from exchange, especially so if the fiat is to be exchanged into any currency other than USD or Euro.

[piramida]

Oh really? Enlighten the world please, you must posses some hidden knowledge. You need to transfer 100k usd from europe to your partner in states in an irreversible manner with costs around 10$, without using bitcoin, and if possible without the risk of your money being stolen. Explain how.

As things stand, I can get money from GBP to my German €uro account for as little as 0.2% premium, and this is for amounts less than $10K USD. This takes one day. Presuming my partner wasn't wanting to spend the 100K on black market products off the internet, how can Bitcoin possibly do this cheaper or faster?

One day + it is reversible for up to 20 days. You are talking currency exchange, not "moving money around the world" now. This is a completely different topic.

[MatTheCat]

One day + it is reversible for up to 20 days. You are talking currency exchange, not "moving money around the world" now. This is a completely different topic.

But what good is 100K worth of Bitcoin to anyone that wishes to actually use it as money, if it is stuck in BTC form?

Sorry, but until such a day is reached that Bitcoin is considered 100% fungible and interchangeable with local currencies, there exists much faster, cheaper, and more secure (in terms oif knowing that your 100K aint away to take a 20% haircut mid transit) ways of shifting money around the world. Where Bitcoin has an advantage is when their is a need to keep the transaction of radar, but then there are huge premiums to be paid in converting to local currencies.