johnyj
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Activity: 1988
Merit: 1012
Beyond Imagination
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May 09, 2014, 01:06:00 PM |
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Bitcoin will NEVER EVER be one dollar again.
There are thousands, millions, chomping at the bit to see 100 USD again.
When the price on Gox dropped there was a huge influx of wire transfers trying to nab cheap BTC.
I will throw every dime I got at a 50 dollar BTC!
Then why MTGOX exchange rate dropped below $100? |
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MoonShadow
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Merit: 1010
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May 09, 2014, 06:52:11 PM |
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The Federal government has all the mtgox coins - be certain of that.
That's already my assumption. I think they did some blackmail on Karpeles to get his coins. They probably injected some childporn on his computer and said he probably did not want to get that fact public knowledge. There are two possibilities: One is that Karpeles was part of a government honeypot all along. The other is that he was forced to. I'm sure they could have threatened him with all kinds of things. He was already being forced into regulations in early 2012 when mtgox started requiring gov IDs for fiat withdrawals. Then they had their dwolla account frozen. These events tell me the government was already up their ass and probably knew everything about their finances. Add to that the bullshit stories about where the coins went that don't add up and the fact that Karpeles is still roaming free, and you can easily deduce that the Feds have all the mtgox transaction records and all the coins in their possession. Besides that he is in Japan. He is prosecuted by Japanese law. He's nationality is French. You US-Americans really think, you are the Center of the world ... There are good reasons for such a US centric perspective. Since at least 1945, the United States has been the political and economic guiding force of the entire English speaking world. Which, thanks to the British, was and remains the only truly global empire to ever exist. And don't forget, that Japan remains a US protectorate. If you don't think that US government agencies do have an influence on the MtGox case in Japan, you're delusional. I'm not claiming that is how the world should be, I'm saying that is how it actually is. One of the obvious and professed motivations for Satoshi to create Bitcoin in the beginning. |
"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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MoonShadow
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Activity: 1708
Merit: 1010
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May 09, 2014, 06:53:49 PM |
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Bitcoin will NEVER EVER be one dollar again.
There are thousands, millions, chomping at the bit to see 100 USD again.
When the price on Gox dropped there was a huge influx of wire transfers trying to nab cheap BTC.
I will throw every dime I got at a 50 dollar BTC!
Then why MTGOX exchange rate dropped below $100? Because it became fairly obvious to many users that MtGox itself was failing, and therefore the MtGox trade price wasn't real. The other exchanges never got anywhere near $100. |
"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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findftp
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Activity: 1022
Merit: 1008
Delusional crypto obsessionist
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May 09, 2014, 07:28:16 PM |
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Bitcoin will NEVER EVER be one dollar again.
There are thousands, millions, chomping at the bit to see 100 USD again.
When the price on Gox dropped there was a huge influx of wire transfers trying to nab cheap BTC.
I will throw every dime I got at a 50 dollar BTC!
Then why MTGOX exchange rate dropped below $100? Because there were no buyers because they were not able to put FIAT into gox soon enough. (or did not dare too loose all) IF there are no buyers, price drops. Other exchanges were fine. |
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ISAWHIM
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May 10, 2014, 12:40:22 AM |
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Bitcoin will NEVER EVER be one dollar again.
There are thousands, millions, chomping at the bit to see 100 USD again.
When the price on Gox dropped there was a huge influx of wire transfers trying to nab cheap BTC.
I will throw every dime I got at a 50 dollar BTC!
Then why MTGOX exchange rate dropped below $100? Because once the thief realized he couldn't get the BTC out (Knowing none was actually there.... because he stole it all.)... He attempted to cause a panic, reflected in other markets, to lower the price so he could get more from the ones he stole and had cashed-out previously on other exchanges. As for us... The buyers... Why pay $800-$400 when you see it is going to $100, and you can get 8x to 4x more, for the same money. In any event, those coins that were stolen, were part of what has been keeping BTC on a steady decline. (Part of it.)... The one thing that is becoming clear, over the historic charts, is this... BTC is becoming more stable, and they will soon turn into more of a gradual slope upward, with less erratic falls in the future. (Look at historic charts with the LOGARITHMIC scale, since this is an exponential growth coin. Linear scales are for FIAT.) http://bitcoincharts.com/charts/bitstampUSD#tgTzm1g10zm2g25zvzlSee, in this chart above, you can see that the end of the steady fall (Which is not abnormal, and damn near predictable as the sunrise), is ending, and will soon launch to the next high of $12,000-$6,000 USD/BTC. I have no fears buying BTC at this point, or selling things for BTC. It is not like going from $500-$6,000 or $12,000, is going to be much more gains than going from $300-$6,000 or $12,000... Heck, I could buy all the way up to $1000 USD/BTC and still feel comfortable about the next coming months. It's a win-win situation buying BTC at the moment. The hardest part is getting BTC with USD for most of us. Need some visuals to go with that chart?  P.S. This is an older chart... missing the last few weeks... It is near the end of the orange low line now.. the "Bleed-out", before the pink line which is the "Incline" to the next level.
P.P.S. A bitcoin year is not 12 months... it is closer to about 8-10 months. From peak to peak. |
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Redrocket2
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May 10, 2014, 03:28:47 AM |
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Perhaps Fed controls some large usa based exchanges.
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boumalo
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Activity: 1918
Merit: 1018
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May 24, 2014, 07:45:43 PM |
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The Federal government has all the mtgox coins - be certain of that.
That's already my assumption. I think they did some blackmail on Karpeles to get his coins. They probably injected some childporn on his computer and said he probably did not want to get that fact public knowledge. There are two possibilities: One is that Karpeles was part of a government honeypot all along. The other is that he was forced to. I'm sure they could have threatened him with all kinds of things. He was already being forced into regulations in early 2012 when mtgox started requiring gov IDs for fiat withdrawals. Then they had their dwolla account frozen. These events tell me the government was already up their ass and probably knew everything about their finances. Add to that the bullshit stories about where the coins went that don't add up and the fact that Karpeles is still roaming free, and you can easily deduce that the Feds have all the mtgox transaction records and all the coins in their possession. Besides that he is in Japan. He is prosecuted by Japanese law. He's nationality is French. You US-Americans really think, you are the Center of the world ... There are good reasons for such a US centric perspective. Since at least 1945, the United States has been the political and economic guiding force of the entire English speaking world. Which, thanks to the British, was and remains the only truly global empire to ever exist. And don't forget, that Japan remains a US protectorate. If you don't think that US government agencies do have an influence on the MtGox case in Japan, you're delusional. I'm not claiming that is how the world should be, I'm saying that is how it actually is. One of the obvious and professed motivations for Satoshi to create Bitcoin in the beginning. The center of the world has shifted to Asia and whoever doesn't know that hasn't been in Asia recently There have been many other long lasting empires before; the US haven't been the richest for that long compared to UK or China and they won't be the richest very soon when their unfunded liabilities, budget debt, negative trade balance and heavy cost of public spending will lower dramatically the average american standard of living, it already relatively did when you compare the average american way of life in the 50's to what it is now There are a lot of human and physical capital in the states and a spirit of freedom moral and work that can be the foundation for a return to what allowed them to become the richest country in the first place : innovation, freedom, low taxes, small government |
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zimmah
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May 24, 2014, 09:47:55 PM |
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they can't really control bitcoin anywhere near as well as they can control fiat.
In fact, they can't even control it as well as gold. Since gold is often stored in vaults and all you get is a little receipt that says you own x amount of gold that is stored at their vault. However, they could easily sell that gold to someone else, and as long as no one claims it, they'd be none the wiser.
if they'd try to do that with bitcoin, they'd most likely not come very far with their scam.
Now yes, they could buy a lot of bitcoin, but that would increase the price a lot. Now if they'd dump bitcoin afterwards, they'd just be handing out cheap coins and since they no longer have a majority because they just dumped their stash, they have also lost their control. If they want to buy t back, they'll drive the price up again, and they'lose a lot of money in the process.
Bitcoin is just nearly impossible to really control
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findftp
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Activity: 1022
Merit: 1008
Delusional crypto obsessionist
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May 24, 2014, 10:19:44 PM |
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they can't really control bitcoin anywhere near as well as they can control fiat.
In fact, they can't even control it as well as gold. Since gold is often stored in vaults and all you get is a little receipt that says you own x amount of gold that is stored at their vault. However, they could easily sell that gold to someone else, and as long as no one claims it, they'd be none the wiser.
Why would you keep your gold in their vault? You should rethink your story because it is the same with bitcoin. Bitcoin can be held in vaults other than your own house because it is way too portable for a robber to take it away from you. If you choose to store your 10000btc at another place, they are more or less in control. If you don't hold it, you don't own it. Ok, there are some work arrounds to make it more difficult, bip38 and multisig. |
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Beliathon
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May 24, 2014, 10:27:31 PM |
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No. If they did it would probably be utterly fucking worthless by now. Judging by their track record.  |
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LostDutchman
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May 24, 2014, 10:41:38 PM |
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As someone who believes that the FED controls most of the large financial elements either directly or by proxy I think it would be dead easy of them to of bought a ton of Bitcoin, a few billion is nothing to them and now have a controlling stake.
I feel like the media stories that would come out to knock Bitcoin and then the inevitable drops in price reminded me so much of the way banks control the Gold Price etc. Using certain media outlets as a foil for price manipulation.
Maybe if we thought like the enemy, one banks and the Fed we would simply buy up a large majority and then dump as we saw fit. It's almost a no brainer. Therefore they neutralise the threat of Bitcoin by systemically crashing the price so they can point to it and say see, it's volatile and unstable. It would be completely in the FEDs interest to do this as to safeguard the Dollar.
Opinions?
You may be correct. |
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zimmah
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Activity: 1106
Merit: 1005
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May 25, 2014, 02:50:05 AM |
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Bitcoin will NEVER EVER be one dollar again.
There are thousands, millions, chomping at the bit to see 100 USD again.
When the price on Gox dropped there was a huge influx of wire transfers trying to nab cheap BTC.
I will throw every dime I got at a 50 dollar BTC!
Then why MTGOX exchange rate dropped below $100? Because they were no longer buying bitcoin, they were gambling in goxcoins. Either they could cash out very cheap bitcoins or they could lose everything. We all know what happened to goxcoins. |
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zimmah
Legendary
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Activity: 1106
Merit: 1005
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May 25, 2014, 02:55:40 AM |
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they can't really control bitcoin anywhere near as well as they can control fiat.
In fact, they can't even control it as well as gold. Since gold is often stored in vaults and all you get is a little receipt that says you own x amount of gold that is stored at their vault. However, they could easily sell that gold to someone else, and as long as no one claims it, they'd be none the wiser.
Why would you keep your gold in their vault? You should rethink your story because it is the same with bitcoin. Bitcoin can be held in vaults other than your own house because it is way too portable for a robber to take it away from you. If you choose to store your 10000btc at another place, they are more or less in control. If you don't hold it, you don't own it. Ok, there are some work arrounds to make it more difficult, bip38 and multisig. You can store a bitcoin in a vault but you'd still be the sole owner of the private key. Or at the very least have an x-of-y key. With gold though it's not possible to have a key. And for various reasons it does make sense to 'own' gold but not store it at home. For example the delivery of gold is expensive, and the risk of getting robbed and losing thousands worth of gold are quite high. While if you store it in a vault it is insured against theft. However the vault owners are nog stupid and they know most people will not pick up their gold for a long time, so they sell the same gold again and again. And on average each ounce of gold has ~48 owners as a result. In other words if you own gold you better buy your own firesafe and lock it in your own home. And if you own bitcoin, make sure you have your private keys, and back them up in a secure location, or preferably multiple locations. |
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MyPotPlantDied
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May 25, 2014, 03:03:27 AM |
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As someone who believes that the FED controls most of the large financial elements either directly or by proxy I think it would be dead easy of them to of bought a ton of Bitcoin, a few billion is nothing to them and now have a controlling stake.
I feel like the media stories that would come out to knock Bitcoin and then the inevitable drops in price reminded me so much of the way banks control the Gold Price etc. Using certain media outlets as a foil for price manipulation.
Maybe if we thought like the enemy, one banks and the Fed we would simply buy up a large majority and then dump as we saw fit. It's almost a no brainer. Therefore they neutralise the threat of Bitcoin by systemically crashing the price so they can point to it and say see, it's volatile and unstable. It would be completely in the FEDs interest to do this as to safeguard the Dollar.
Opinions?
You may be correct. Can't put anything past them. Many have floated the theory that the whole Bitcoin system was started to get people used to a cashless society where every transaction can be tracked. I don't buy the theory myself though. However, they can certainly cause havoc in the markets due to all the seized BTC they have! |
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haploid23
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May 25, 2014, 03:04:58 AM |
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No government can completely control bitcoin, however they can heavily influence it. Just look at China. Even a single announcement from their bank, causes panic and price dropping a good margin. The US government is also holding the second largest amount of btc from the silk road bust I believe. If they want to directly crash the price, they can dump it into the market at any moment.
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WheresWaldo
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May 25, 2014, 03:29:02 AM |
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what is this fed you speak of  |
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boumalo
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Activity: 1918
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May 25, 2014, 06:57:23 AM |
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what is this fed you speak of Big banks and the government that use fiat currency to fund wars and their political agenda  |
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neofelis
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May 25, 2014, 07:11:41 AM |
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No government can completely control bitcoin, however they can heavily influence it. Just look at China. Even a single announcement from their bank, causes panic and price dropping a good margin. The US government is also holding the second largest amount of btc from the silk road bust I believe. If they want to directly crash the price, they can dump it into the market at any moment.
I sincerely hope they do. The price will crash (temporarily) and I could scoop up a lot of btc at bargain basement prices.  )) |
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WheresWaldo
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May 25, 2014, 07:41:35 AM |
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what is this fed you speak of Big banks and the government that use fiat currency to fund wars and their political agenda oooh! good stuff  |
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LostDutchman
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May 25, 2014, 09:13:07 AM |
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No government can completely control bitcoin, however they can heavily influence it. Just look at China. Even a single announcement from their bank, causes panic and price dropping a good margin. The US government is also holding the second largest amount of btc from the silk road bust I believe. If they want to directly crash the price, they can dump it into the market at any moment.
One word in reply to your post: Horseshit. |
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