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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2021954 times)
NotLambchop
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October 05, 2014, 06:34:00 PM
 #13261

...
early adopters are shrewd.  and this is why you're here.  trying hard to establish your own stake by driving prices down to where you can pick up cheap coins.
...

It's a bit sad knowing that your condition could be symptomatically treated, if not outright cured.



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October 05, 2014, 07:51:14 PM
 #13262

...
early adopters are shrewd.  and this is why you're here.  trying hard to establish your own stake by driving prices down to where you can pick up cheap coins.
...

yada yada

What you fail to see, because you are so focused on short term price, is that chart above illustrates how approx half the bitcoin are being held. That measn you have an insane amount of investment in the ecosystem, not just in terms of cash but time and effort and fledgling businesses and a whole bunch of other stuff that all the bears just hand wave away.

It also means any plan to try and crash the market and buy all the coins is going to hit a wall. Which might be now, or it might be at $250 or $200 and it might be this week next week, next month or next year. Bitcoin has passed its tipping point though, each time we go through this cycle it gets more and more likely that ultimately post run up, there will be a trend reversal.

What cypher said about 32->2 is very true. Maybe you were around to see it, even if your account wasn't, but to see a 94% drop in an asset class that was so niche that *nobody* had heard of it, and that was pretty much solely used for black market trading, had no legal precedent, was traded on exchanges run by dudes who knew a bit of php and was awash with scams? That puts this bear market into perspective. Its a wholly expected sell off, driven primarily by classic market emotions and further fuelled by the aftermath of the massive capex investment in mining gear meaning miners are selling *everything* to try and ROI.

Those are facts. On top of that you have speculation about the motives of the various players in the market, rich smart powerful people, who know markets and know rubes and are operating free of the fetters of your typical market regulations. There is a *chance* that nothing nefarious is going on sure, but can you really say with confidence that nothing *is* going on? I can't categorically say that anything is happening but I do see (as illustrated) continued accumulation, bizarre market sell action where people are slamming big orders into the bid. Whipsaw action where a bunch of coins get dumped and then rebought. All this stuff smells fishy. You might see it differently though.

Then we have you, and all those other 'registered x/x/2014' accounts ("oh, but I lurked for ages....!") that have suddenly appeared, with what seems to be the sole goal of encouraging people to sell, jumping into any and all threads that suggest people should hold/buy and trying to discredit them. I've never seen such single mindedness in here before even from the perma-bulls (ref Edward50). There's no humanity, you never deviate from the message, you don't seem to even entertain the possibility of other outcomes.

Why are you so desperate for bitcoin to fail, why are you so desperate for everyone else to sell. Your justifications don't add up. Then finally when you encounter posts that start to reveal the bear case as being on shaky ground right about know you try and call into question the other guys sanity? Really?

You know what you might be right, the price might continue to drop all the way to zero. What if it does? You win? Win what? What is your actual point? You know bitcointalk is nothing. Its an internet message forum where people interested in a subject can discuss it. Why are you even here? Your carefully crafted persona impresses no-one but yourself, you aren't famous or important or special. You are a like a child at school that thinks there is nothing beyond the classroom walls. Wake up. Step outside. The sun will blind you.

Or just post cute horse pics. Thats funny, but the "I'm so special thing" is really boring.

http://haschinabannedbitcoin.com
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
brg444
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October 05, 2014, 08:06:46 PM
 #13263

...
early adopters are shrewd.  and this is why you're here.  trying hard to establish your own stake by driving prices down to where you can pick up cheap coins.
...

yada yada

What you fail to see, because you are so focused on short term price, is that chart above illustrates how approx half the bitcoin are being held. That measn you have an insane amount of investment in the ecosystem, not just in terms of cash but time and effort and fledgling businesses and a whole bunch of other stuff that all the bears just hand wave away.

It also means any plan to try and crash the market and buy all the coins is going to hit a wall. Which might be now, or it might be at $250 or $200 and it might be this week next week, next month or next year. Bitcoin has passed its tipping point though, each time we go through this cycle it gets more and more likely that ultimately post run up, there will be a trend reversal.

What cypher said about 32->2 is very true. Maybe you were around to see it, even if your account wasn't, but to see a 94% drop in an asset class that was so niche that *nobody* had heard of it, and that was pretty much solely used for black market trading, had no legal precedent, was traded on exchanges run by dudes who knew a bit of php and was awash with scams? That puts this bear market into perspective. Its a wholly expected sell off, driven primarily by classic market emotions and further fuelled by the aftermath of the massive capex investment in mining gear meaning miners are selling *everything* to try and ROI.

Those are facts. On top of that you have speculation about the motives of the various players in the market, rich smart powerful people, who know markets and know rubes and are operating free of the fetters of your typical market regulations. There is a *chance* that nothing nefarious is going on sure, but can you really say with confidence that nothing *is* going on? I can't categorically say that anything is happening but I do see (as illustrated) continued accumulation, bizarre market sell action where people are slamming big orders into the bid. Whipsaw action where a bunch of coins get dumped and then rebought. All this stuff smells fishy. You might see it differently though.

Then we have you, and all those other 'registered x/x/2014' accounts ("oh, but I lurked for ages....!") that have suddenly appeared, with what seems to be the sole goal of encouraging people to sell, jumping into any and all threads that suggest people should hold/buy and trying to discredit them. I've never seen such single mindedness in here before even from the perma-bulls (ref Edward50). There's no humanity, you never deviate from the message, you don't seem to even entertain the possibility of other outcomes.

Why are you so desperate for bitcoin to fail, why are you so desperate for everyone else to sell. Your justifications don't add up. Then finally when you encounter posts that start to reveal the bear case as being on shaky ground right about know you try and call into question the other guys sanity? Really?

You know what you might be right, the price might continue to drop all the way to zero. What if it does? You win? Win what? What is your actual point? You know bitcointalk is nothing. Its an internet message forum where people interested in a subject can discuss it. Why are you even here? Your carefully crafted persona impresses no-one but yourself, you aren't famous or important or special. You are a like a child at school that thinks there is nothing beyond the classroom walls. Wake up. Step outside. The sun will blind you.

Or just post cute horse pics. Thats funny, but the "I'm so special thing" is really boring.

much needed post. thank you


"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
sgbett
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October 05, 2014, 08:17:56 PM
 #13264

as corrected in another thread, I should have said "... the chart illustrates over 1/3rd of bitcoin being held by ..." point is still the same though Smiley

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100 satoshis -> ISO code


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October 05, 2014, 08:31:18 PM
 #13265

Why are you so desperate for bitcoin to fail, why are you so desperate for everyone else to sell. Your justifications don't add up. Then finally when you encounter posts that start to reveal the bear case as being on shaky ground right about know you try and call into question the other guys sanity? Really?

You know what you might be right, the price might continue to drop all the way to zero. What if it does? You win? Win what? What is your actual point?  ...

IMHO. *some* 'registered x/x/2014' accounts are from those that suffer extreme butt-hurt of the first order, who weren't early adopters, so the only solace is to see those early adopters lose all their gains, btc price of zero, ecosystem collapse. Only then can they walk away feeling that they did not miss out.

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October 05, 2014, 08:31:34 PM
 #13266

Personally, I don't think in that (the improbable) event that bitcoin should go to zero for a few days, it will die. We will recover from a price of 0. That makes me a permabull, I think.

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October 05, 2014, 08:34:35 PM
 #13267

Personally, I don't think in that (the improbable) event that bitcoin should go to zero for a few days, it will die. We will recover from a price of 0. That makes me a permabull, I think.

I would gladly buy all the bitcoins for 0:D
NotLambchop
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October 05, 2014, 08:35:31 PM
 #13268

...
early adopters are shrewd.  and this is why you're here.  trying hard to establish your own stake by driving prices down to where you can pick up cheap coins.
...

yada yada

What you fail to see, because you are so focused on short term price, is that chart above illustrates how approx half the bitcoin are being held. That measn you have an insane amount of investment in the ecosystem, not just in terms of cash but time and effort and fledgling businesses and a whole bunch of other stuff that all the bears just hand wave away.

It also means any plan to try and crash the market and buy all the coins is going to hit a wall. Which might be now, or it might be at $250 or $200 and it might be this week next week, next month or next year. Bitcoin has passed its tipping point though, each time we go through this cycle it gets more and more likely that ultimately post run up, there will be a trend reversal.

What cypher said about 32->2 is very true. Maybe you were around to see it, even if your account wasn't, but to see a 94% drop in an asset class that was so niche that *nobody* had heard of it, and that was pretty much solely used for black market trading, had no legal precedent, was traded on exchanges run by dudes who knew a bit of php and was awash with scams? That puts this bear market into perspective. Its a wholly expected sell off, driven primarily by classic market emotions and further fuelled by the aftermath of the massive capex investment in mining gear meaning miners are selling *everything* to try and ROI.

Those are facts. On top of that you have speculation about the motives of the various players in the market, rich smart powerful people, who know markets and know rubes and are operating free of the fetters of your typical market regulations. There is a *chance* that nothing nefarious is going on sure, but can you really say with confidence that nothing *is* going on? I can't categorically say that anything is happening but I do see (as illustrated) continued accumulation, bizarre market sell action where people are slamming big orders into the bid. Whipsaw action where a bunch of coins get dumped and then rebought. All this stuff smells fishy. You might see it differently though.

Then we have you, and all those other 'registered x/x/2014' accounts ("oh, but I lurked for ages....!") that have suddenly appeared, with what seems to be the sole goal of encouraging people to sell, jumping into any and all threads that suggest people should hold/buy and trying to discredit them. I've never seen such single mindedness in here before even from the perma-bulls (ref Edward50). There's no humanity, you never deviate from the message, you don't seem to even entertain the possibility of other outcomes.

Why are you so desperate for bitcoin to fail, why are you so desperate for everyone else to sell. Your justifications don't add up. Then finally when you encounter posts that start to reveal the bear case as being on shaky ground right about know you try and call into question the other guys sanity? Really?

You know what you might be right, the price might continue to drop all the way to zero. What if it does? You win? Win what? What is your actual point? You know bitcointalk is nothing. Its an internet message forum where people interested in a subject can discuss it. Why are you even here? Your carefully crafted persona impresses no-one but yourself, you aren't famous or important or special. You are a like a child at school that thinks there is nothing beyond the classroom walls. Wake up. Step outside. The sun will blind you.

Or just post cute horse pics. Thats funny, but the "I'm so special thing" is really boring.

Some facts:
1.  Never suggested that an unregulated market is free of "manipulation."  Manipulation is the very reason regulations came about.
2.  I'm not "desperate for Bitcoin to fail"--I still hold some coin.
3.  I never suggested that Bitcoin would go down to zero.
4.  I'm laughing at cypherdoc for his paranoid delusions re. nefarious entities of which he claims I'm either one, or whose employ I am in.
5.  I'm not looking for recognition or approval from you--your unjustified self-importance is just one of the reasons people troll you.
6.  It's no longer sunny, but I'm still outside, thanks for caring.

Finally, I have no idea where the data for the oft-quoted chart came from.  Checking the top three addys shows plenty of activity.
Care to show your work?

Tell me if I missed anything Smiley
sgbett
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October 05, 2014, 08:36:50 PM
 #13269

...
early adopters are shrewd.  and this is why you're here.  trying hard to establish your own stake by driving prices down to where you can pick up cheap coins.
...

yada yada

What you fail to see, because you are so focused on short term price, is that chart above illustrates how approx half the bitcoin are being held. That measn you have an insane amount of investment in the ecosystem, not just in terms of cash but time and effort and fledgling businesses and a whole bunch of other stuff that all the bears just hand wave away.

It also means any plan to try and crash the market and buy all the coins is going to hit a wall. Which might be now, or it might be at $250 or $200 and it might be this week next week, next month or next year. Bitcoin has passed its tipping point though, each time we go through this cycle it gets more and more likely that ultimately post run up, there will be a trend reversal.

What cypher said about 32->2 is very true. Maybe you were around to see it, even if your account wasn't, but to see a 94% drop in an asset class that was so niche that *nobody* had heard of it, and that was pretty much solely used for black market trading, had no legal precedent, was traded on exchanges run by dudes who knew a bit of php and was awash with scams? That puts this bear market into perspective. Its a wholly expected sell off, driven primarily by classic market emotions and further fuelled by the aftermath of the massive capex investment in mining gear meaning miners are selling *everything* to try and ROI.

Those are facts. On top of that you have speculation about the motives of the various players in the market, rich smart powerful people, who know markets and know rubes and are operating free of the fetters of your typical market regulations. There is a *chance* that nothing nefarious is going on sure, but can you really say with confidence that nothing *is* going on? I can't categorically say that anything is happening but I do see (as illustrated) continued accumulation, bizarre market sell action where people are slamming big orders into the bid. Whipsaw action where a bunch of coins get dumped and then rebought. All this stuff smells fishy. You might see it differently though.

Then we have you, and all those other 'registered x/x/2014' accounts ("oh, but I lurked for ages....!") that have suddenly appeared, with what seems to be the sole goal of encouraging people to sell, jumping into any and all threads that suggest people should hold/buy and trying to discredit them. I've never seen such single mindedness in here before even from the perma-bulls (ref Edward50). There's no humanity, you never deviate from the message, you don't seem to even entertain the possibility of other outcomes.

Why are you so desperate for bitcoin to fail, why are you so desperate for everyone else to sell. Your justifications don't add up. Then finally when you encounter posts that start to reveal the bear case as being on shaky ground right about know you try and call into question the other guys sanity? Really?

You know what you might be right, the price might continue to drop all the way to zero. What if it does? You win? Win what? What is your actual point? You know bitcointalk is nothing. Its an internet message forum where people interested in a subject can discuss it. Why are you even here? Your carefully crafted persona impresses no-one but yourself, you aren't famous or important or special. You are a like a child at school that thinks there is nothing beyond the classroom walls. Wake up. Step outside. The sun will blind you.

Or just post cute horse pics. Thats funny, but the "I'm so special thing" is really boring.

Some facts:
1.  Never suggested that an unregulated market is free of "manipulation."  Manipulation is the very reason regulations came about.
2.  I'm not "desperate for Bitcoin to fail"--I still hold some coin.
3.  I never suggested that Bitcoin would go down to zero.
4.  I'm laughing at cypherdoc for his paranoid delusions re. nefarious entities of which he claims I'm either one, or whose employ I am in.
5.  I'm not looking for recognition or approval from you--your unjustified self-importance is just one of the reasons people troll you.
6.  It's no longer sunny, but I'm still outside, thanks for caring.

Finally, I have no idea where the data for the oft-quoted chart came from.  Checking the top three addys shows plenty of activity.
Care to show your work?

Tell me if I missed anything Smiley

The list would be far too long, and entirely wasted. As is yours.

http://haschinabannedbitcoin.com
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
NotLambchop
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October 05, 2014, 08:41:01 PM
 #13270

Ok, so you got nothing.  Here's your cute pic.




Will post cute horses later!
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October 05, 2014, 08:47:18 PM
 #13271

why dont u open another thread so u can post anime and pix and leave this one alone? im sure it woukd be just as fun and doc will agree to harrass you all day there?

★☆★Syscoin - Decentralized Marketplace and Multisig Platform
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blaaaaacksuit
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Who cares?


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October 05, 2014, 08:54:01 PM
 #13272

Common sense

Thank you for posting this.  The dumping, although terrifying, makes absolutely no sense with all the infrastructure being built around btc.  The market behavior was highly suspect the whole time starting with the initial dump from around 590  and now we're seeing people flashing 30,000 BTC asks on bitstamp.  I've been very tempted to get out but every time I've come close I remind myself that none of this makes any fucking sense.

Edit:  sometimes I wonder if there will be a time when hired manipulators disrupt the markets in a transparent and obvious way so violently and for so long that the majority of the BTC community begins screaming for regulation.
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October 05, 2014, 09:05:19 PM
 #13273

Can anyone speculate as to what has been up with all the dumping?  Where are all these coins coming from?

My first guess would be that is the BTC that Karpeles stole.



given that's the biggest source, it would make sense.  altho i'm not sure he holds them.

He holds them alright. He stole them and pretended he was hacked. Tried and tested method of ripping off.


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October 05, 2014, 09:54:07 PM
 #13274

Getting some cheap and instant BTC while they are low in price via circle....nom nom nom

Get it while it is cheap!!!  Grin Grin Grin

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BlindMayorBitcorn
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October 05, 2014, 09:55:20 PM
 #13275

Getting some cheap and instant BTC while they are low in price via circle....nom nom nom

Get it while it is cheap!!!  Grin Grin Grin

Dude you bought in at 9$ probably. Where is your wall?

Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
explorer
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October 05, 2014, 09:58:14 PM
 #13276

Getting some cheap and instant BTC while they are low in price via circle....nom nom nom

Get it while it is cheap!!!  Grin Grin Grin

Dude you bought in at 9$ probably. Where is your wall?

When did past profit make future profit undesirable?  Buy the dips, man!
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October 05, 2014, 10:07:32 PM
 #13277

Gold at 4 year low.

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October 05, 2014, 10:49:06 PM
 #13278

Getting some cheap and instant BTC while they are low in price via circle....nom nom nom

Get it while it is cheap!!!  Grin Grin Grin

Dude you bought in at 9$ probably. Where is your wall?

Actually it was at $4.

My wall is in my wallet.

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zeetubes
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October 05, 2014, 10:51:51 PM
 #13279

Shorting any financial asset is a valid and usually very risky speculative strategy. In the case of gold, it needs a massive amount of money and, in order to negate the risk, zero fear of losing that money. The only entities that are in that position are central banks. But aside from governments and banks, who else would be interested in driving down the price of bitcoin to the extent that it might ultimately kill off the golden goose? And more importantly, who else would have both the money/means and motive to do so? This feels more like a slow and steady attack on bitcoin's core rather than shorting for long term profit. Perhaps I'm being paranoid.
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October 05, 2014, 10:52:46 PM
 #13280

Common sense

Thank you for posting this.  The dumping, although terrifying, makes absolutely no sense with all the infrastructure being built around btc.  The market behavior was highly suspect the whole time starting with the initial dump from around 590  and now we're seeing people flashing 30,000 BTC asks on bitstamp.  I've been very tempted to get out but every time I've come close I remind myself that none of this makes any fucking sense.

Edit:  sometimes I wonder if there will be a time when hired manipulators disrupt the markets in a transparent and obvious way so violently and for so long that the majority of the BTC community begins screaming for regulation.

What was suspect was the extremely rapid (almost vertical) run up to 1200. Going from say 100 to 200 would be entirely consistent with the infrastructure build out.

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