Final Warning for Long-term holders...

[Nolo]

[Jr65]

No, I really do have all of those things and more. I'm afraid that you're just going to have to take my word for it...or don't, no skin off of my back. In this virtual world, who can prove anything without going to great lengths? For all that you know, I live in a van down by the river with Chris Farley. Who cares, aside from me, that I have money, hard assets, multiple public and private investments, kids in great schools, a 25% share of a Citation VII and nice toys etc.? Lots of people are wealthy in America. I know many people with way higher net worths than mine and that doesn't stop them from being depressed and miserable. I'm healthy, wealthy, wise and happy, by choice. Believe me or don't...again, you're only on my radar because you're collateral damage in the way of me learning more about BTC.      

Am I envious of people that bought BTC at $0.50 or $13? Sure. However, it's not spiteful envy because I know that you can't win them all. Though a lot of my posts have been negative, I'm happy to see others prosper. Made millions at 25...good for you! Hold on to them and diversify. I have had my fair share of success and I'm happy to welcome others into the wealth club. Plus, with a healthy dose of patience, I think that I will have BTC in my win column one day. I'm taking the Andreessen Horowitz approach, not the get rich quick coin gamble that will leave you addicted to crack in your parent's basement.

Most of my posts carry one common theme. I have done tons of due diligence and, based on a wide variety of factors, I strongly believe that BTC is headed for a enormous fall. I know that it is because I have information that you don't about the Mt. Gox coins. I know that they are already on the auction block and there is a tentative deal in place. That's all you need to know. BTC has no intrinsic value, it has no value to people who have never heard about it, (most of the world) it's price is propped up by a bunch of hype and people who use crystal balls and "Astro" charts to predict the future. For these reasons, and because I believe in the overall BTC technology, I'm going to watch BTC like a hawk and pounce when the real price comes calling. My best to all of you who come here to learn and play nice. My hardiest "FUCK YOU" to all the sad, bitter, loser, undereducated haters on this forum. Jr, "6'5," with the afro 6'9!"

P.S. I am Fletcher.

        

[escrow.ms]

No, I really do have all of those things and more. I'm afraid that you're just going to have to take my word for it...or don't, no skin off of my back. In this virtual world, who can prove anything without going to great lengths? For all that you know, I live in a van down by the river with Chris Farley. Who cares, aside from me, that I have money, hard assets, multiple public and private investments, kids in great schools, a 25% share of a Citation VII and nice toys etc.? Lots of people are wealthy in America. I know many people with way higher net worths than mine and that doesn't stop them from being depressed and miserable. I'm healthy, wealthy, wise and happy, by choice. Believe me or don't...again, you're only on my radar because you're collateral damage in the way of me learning more about BTC.     

Am I envious of people that bought BTC at $0.50 or $13? Sure. However, it's not spiteful envy because I know that you can't win them all. Though a lot of my posts have been negative, I'm happy to see others prosper. Made millions at 25...good for you! Hold on to them and diversify. I have had my fair share of success and I'm happy to welcome others into the wealth club. Plus, with a healthy dose of patience, I think that I will have BTC in my win column one day. I'm taking the Andreessen Horowitz approach, not the get rich quick coin gamble that will leave you addicted to crack in your parent's basement.

Most of my posts carry one common theme. I have done tons of due diligence and, based on a wide variety of factors, I strongly believe that BTC is headed for a enormous fall. I know that it is because I have information that you don't about the Mt. Gox coins. I know that they are already on the auction block and there is a tentative deal in place. That's all you need to know. BTC has no intrinsic value, it has no value to people who have never heard about it, (most of the world) it's price is propped up by a bunch of hype and people who use crystal balls and "Astro" charts to predict the future. For these reasons, and because I believe in the overall BTC technology, I'm going to watch BTC like a hawk and pounce when the real price comes calling. My best to all of you who come here to learn and play nice. My hardiest "FUCK YOU" to all the sad, bitter, loser, undereducated haters on this forum. Jr, "6'5," with the afro 6'9!"

P.S. I am Fletcher.

If you have good life I am not sure why you just came here to tell that we are going to loose money due to mtgox coins.
Who are you btw, how do you know that there are auctions and deals going on..why do you care, if you are not holding funds?

[romneymoney]

How about a pic of your laptop with this thread/post open next to your Ferrari?
That would probably shut up the people who question your wealth.

[RodeoX]

Hi OP,
I know a lot of people jump on posters here. It's not really you. They just have seen a lot of bold statements from new accounts that go very, very wrong. Consider your title and it's contradiction with your later, and correct, statement. No one knows what the market is going to do. Not Nostradomis, not the Wall Street Journal, no one. So when someone "warns" the community about an impending sell off or huge buy; Well it has been seen a million times before and it basically never pans out.
If you believe that your interpretation of the clues is correct, then state it as opinion and you may draw a lot less fire.   

[spazzdla]

Wall of txt = post ignored.

If you can't even make your post spaced.. your opinion on where things with the interenet are going......... ya..

[boumalo]

Wall of txt = post ignored.

If you can't even make your post spaced.. your opinion on where things with the interenet are going......... ya..

The post brought a discussion even if it was uber annoying to read it

I have information that you don't about the Mt. Gox coins

Tell us a bit more, where did you get the infos?

[Jr65]

Very good point about the fire. Don't OP if you can't take the heat. Ha, I'm having a blast!  

[bitcoinsrus]

Wall of txt = post ignored.

If you can't even make your post spaced.. your opinion on where things with the interenet are going......... ya..

The post brought a discussion even if it was uber annoying to read it

I have information that you don't about the Mt. Gox coins

Tell us a bit more, where did you get the infos?

I think they call it schizophrenia (when they hear voices in their head)

[Jr65]

No, sorry. No more inside information for the peasants. If you can't play nice, I can't help you. I'll just let the shit parade hit when it hits and smile when the Gox deal is announced. You truly deserve what you have coming.  

RIP BTC price!  

[Nolo]

No, sorry. No more inside information for the peasants. If you can't play nice, I can't help you. I'll just let the shit parade hit when it hits and smile when you gentlemen take the fall when you hear about the Gox deal. You truly deserve what you have coming.  

RIP BTC price!  

Thanks for your concern.  It's ok though.  We had a good run.   

[Toxic2040]

No, sorry. No more inside information for the peasants. If you can't play nice, I can't help you. I'll just let the shit parade hit when it hits and smile when the Gox deal is announced. You truly deserve what you have coming.  

RIP BTC price!  

Before I stop feeding the troll, I have to ask one more time. What are you so angry about?

Some truly decent individuals have tried to have an actual speculative debate with you and yet...you continue to spew nonsense.

I sense you are bi-polar from your post's. Either resume taking your med's or seek professional help, please.

[Jr65]

Term Sheet to sell Gox coins confirmed but not signed yet. It will be a year before this news gets to the press because investors need another year of infrastructure build-out and they are going to change the name of the coin. BTC will be gone and traded under different initials.

 

   

[escrow.ms]

They are going to change the name of the coin. BTC will be gone and traded under different initials.

lol, Thanks for the laugh..

[kooke]

No, sorry. No more inside information for the peasants. If you can't play nice, I can't help you. I'll just let the shit parade hit when it hits and smile when the Gox deal is announced. You truly deserve what you have coming.  

RIP BTC price!  

I've been getting countless PM from peasants about my next math based prediction, after consulting my (now famous) math genius autistic friend who has always been right, prepare for this:

PBOC has also refused to DENY their Bitcoin Ban, previously they always responded immediately. People here think communist country like China will recognize Bitcoin and pat you all on the back for being Liberty loving peasants

As i previously predicted, the markets have become 100% manipulated. Look at the pathetic volumes in the past few days why do you think ? That's because all the money from the  has been peasants depleted. The Manipulation especially by chinese manipulators has been so severe it bankrupted a large number of new & existing Bitcoin investors. Notice how Bitcoin wasn't really allowed to bottom out, instead they kept playing the market forcing peasants (ie all of u here) to buy expensive bitcoin at $550-$700 so they can sell it to u.

The manipulation WILL continue until there is 0 new peasant money coming in, we might see more price swing upwards but ultimately we are going down to the real bottom at $300 or less.

I think I may have discovered Cosmo's genius autistic friend 

[Dr. LY]

A couple days ago:

I am very new to Bitcoin and have been spending a ton of time trying to learn as much as I can about it.

I am far too new to Bitcoin to have a fully formed opinion on this matter.

And now you are giving warnings, and having "inside info" that keeps you above the peasants?

No, sorry. No more inside information for the peasants. If you can't play nice, I can't help you. I'll just let the shit parade hit when it hits and smile when the Gox deal is announced. You truly deserve what you have coming.  

RIP BTC price!  

Look, I understand that there are some jerks on this forum, and that people respond negatively to speculation that price will go down: you're essentially telling them that they are foolish investors, and that they are going to lose their money. When you do it with no experience and with no real evidence, you're going to get criticized. What if someone took your advice and sold everything, and the price jumped $100 over the next month? This is why people on this site have no tolerance or patience for analysis from people who admit themselves that they don't have a clue, especially when it is telling the vast majority of users on this forum that they are WRONG.

Maybe you're telling the truth, maybe you are some successful lawyer who's been getting pats on the back and building a huge ego over the years, and the sting of the internet's wet backhand is something you don't have much experience with.

But you need to stop this. Not only are you hurting your own integrity, you're taking a discussion that is already vitrolic and hostile and making it worse.

[Jr65]

Wall of txt = post ignored.

If you can't even make your post spaced.. your opinion on where things with the interenet are going......... ya..

Learn how to use periods.

[Syke]

I wish this forum had a way to ignore a whole thread.

[Bit_Happy]

I read your endless paragraph and I'm sorry to say I want my ~3 minutes back now.
We survived endless China FUD, and now Gox is coming back?  ........baaaa
Let the lemmings and sheep be afraid.

I have done a ton of due diligence on BTC and here are my best efforts at a final and reasonable stance. If any of you think that I am anti-BTC, you could not be more wrong. I want the world to be a better place for my children and for mankind. BTC, if it ever gets to the mainstream, is going to revolution the world. After reading Marc Andreessen's New York Times article, entitled "Why Bitcoin Matters," I was thoroughly convinced that BTC goes straight to the heart of life improvement. To me, that is the most important thing about BTC. I care far less about the money aspect. Besides, the money will come if BTC gets a shot at helping the globe. Despite my high hopes for what BTC can do to help people, I am very bearish about its short/mid-range future. I am very bullish about its long-term future. (as in probably 10 years) The simple laws of supply and demand tell me that Mt. Gox's failure is going to hit the "reset" button on BTC's price. As a lawyer and someone who knows just enough about Bankruptcy, I have less than zero faith in our legal system, much less Japan's system. In a nutshell, Bankruptcy's job is to take broken companies, squeeze as much money as possible out of them and return it to creditors of all classes. As I have said before, Bankruptcy Court pays out in a specific order at greatly reduced amounts owed...very often pennies on the dollar. It usually goes 1. Employees and wages. 2. Ordinary creditors (for example, bank loans) and then 3. Customers, users, clients...or those that somehow used the Company's services. I believe that it is safe to cautiously assume that #3/Mt. Gox's account holders will get nothing. (see "The Associated Press") This point raises the question of how the Court will pay out to the creditors that do get something returned to them. If the only people that get paid in Court want cash, and I think it's obvious that they will, it stands to obvious reason that the Court will liquidate the 200k coins and not return BTC to anyone. If you lie in Court, you go to jail so I would not be shocked if someone blows the whistle on the whereabouts of the missing coins. That just means more BTC liquidation and more pain. Fact; Bankruptcy Courts liquidate quickly because their time is money. If you doubt me, I can post Bankruptcy Court websites where you can see people buying cars, boats and houses for huge discounts. Since few know about BTC, the discounts will likely be even greater. I guarantee that the Court will sell into the path of least resistance. The path of least resistance will either be to no one, in which case BTC becomes worthless or someone/s or group/s willing to put up big money for big discounts based on the strength and long-term promise of BTC. My wild-ass guess would be something like $10,000,000 for the 200k coins...or $50 per unit. Normally, I'd say less but I think that any smart buyer/s will want to make it appear like they are an industry white knight. The buyers' cost of acquiring the coins will be high because they will need lawyers, accountants, transportation costs for their team etc.) This scenario will totally reset the price of BTC and there will be a totally new set of BTC pioneers and winners. All the current exchanges will be out of business and BTC will return for sale to the public at large, reputable stock exchanges. Hopefully, by this time, BTC will have a robust infrastructure and the price will stabilize and climb at a sensible rate. There will also be heavy  regulation likely by the SEC. We will be lucky if my worthless prediction comes true because, otherwise, Mt. Gox is going to take down the baby and the bath water. I have posted three times about the enormous danger associated with the Mt. Gox's Bankruptcy scandal. Time to put my pen down, listen to your comments, enjoy Easter and hope that technologies like BTC help our world become a better place. I'll wrap this up by saying that if you think my post makes any sense, you will proceed with your investments with great care and not gamble with money that you cannot afford to lose. P.S. To all those who are angered by my posts, I'm only using my understanding of law and economics to arrive at a conclusion to help me and others move forward. I try not to get too emotional about money and investments. Worry about money has probably already shortened my lifespan. Now, I just chill, do my homework and let it play out because I know that I don't have any control over what happens! Happy Easter and best to all!

"The market" already knows what is happening and the current price is close to $500.
The short-term trend has been up for ~2 weeks.
Gox is old news.....Life is good. 

[maok]

Even if the OP prediction is right, it sounds like we can't do anything about it as things are already in motion so why oh why would the lawyer inform the `peasants` ? I knew that the lawyers are the most miserable human beings and like every rule there are exceptions but don't think this case is one of them.

Now to educate the lawyer who thinks that

BTC has no intrinsic value              

please read a well structured text unlike yours: https://en.bitcoin.it/wiki/Myths#Bitcoins_have_no_intrinsic_value_.28

you're only on my radar because you're collateral damage in the way of me learning more about BTC.              

You learn by reading more and trying to understand, not by arguing about something that can't be proved, especially in a domain you don't understand. BTC has been already been affected by mtgox and the current price drop is closely related to that among other reasons, so if you have inside info just sell all your bitcoins and wait for the price to drop lower simple as that, don't warn the peasants as we're too daft anyway.