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Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1805795 times)
cypherdoc
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January 14, 2015, 05:44:58 PM
 #20121

the black hole is going parabolic.  deflation at its best:

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zanzibar
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January 14, 2015, 05:46:00 PM
 #20122

I'm never going to sell my BTC, I'm hoping that eventually I can spend it on everything I need. 

you pretty much can at this point with services like Gyft and Snapcard.

That would make me a bad investor to spend my BTC right now. I'm waiting until BTC is around 10KUSD before I spend and I'll be buying durable goods like homes, cars, etc...
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January 14, 2015, 05:48:06 PM
 #20123

long term support @152:

I would rather guess the steady state before the Oct/2013 bubble, namely ~120 USD/BTC.
+1
Pre-"MtGox bot" price is important

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January 14, 2015, 05:51:52 PM
 #20124

long term support @152:

I would rather guess the steady state before the Oct/2013 bubble, namely ~120 USD/BTC.

Thats a good call Stolfi, I was thinking about the same. One last high volume push down to 120 to confirm the capitulation bottom...

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January 14, 2015, 05:56:46 PM
 #20125

long term support @152:

I would rather guess the steady state before the Oct/2013 bubble, namely ~120 USD/BTC.

Thats a good call Stolfi, I was thinking about the same. One last high volume push down to 120 to confirm the capitulation bottom...

his price target does in fact drop to the highest density of support.
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January 14, 2015, 06:02:43 PM
 #20126

long term support @152:

I would rather guess the steady state before the Oct/2013 bubble, namely ~120 USD/BTC.

Thats a good call Stolfi, I was thinking about the same. One last high volume push down to 120 to confirm the capitulation bottom...

his price target does in fact drop to the highest density of support.

if we could hit it in the next few hours with heavy volume that would *have* to confirm the capitulation event...



..surely...



...please!?

(im certainly feeling like I'm in the despair phase!!!)

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January 14, 2015, 06:06:41 PM
 #20127

I'm never going to sell my BTC, I'm hoping that eventually I can spend it on everything I need. 

you pretty much can at this point with services like Gyft and Snapcard.

That would make me a bad investor to spend my BTC right now. I'm waiting until BTC is around 10KUSD before I spend and I'll be buying durable goods like homes, cars, etc...

Yep.  This just looks like a time to buy MOAR
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January 14, 2015, 06:16:09 PM
 #20128

panic is everywhere:

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January 14, 2015, 06:33:01 PM
 #20129

...
Is it a custom in your part of the world to taste each other's asses?  Grin

Lemme explain it if you are and oldster and/or not familiar with our culture here in the U.S.

Apparently it is common for a person new to prison to be forced to lick the asshole of the more dominant members of the group.  It's the ultimate expression of humiliation.  If the dominent guy feels like being nice he will allow the use of jelly.  One comedian (C. Rock?) put it like this: "When your are sucking dick, you can pretend it is something else.  When you're eating ass, you know you're eating ass."

So, when I humiliate cypherdoc and the likes of you from time to time, you know you're eating ass...and so does everyone else.  Cypherdoc has a remarkable capacity for denial, and you seem to as well, but deep down you both know the truth.



Sorry buddy I live in the U.S. and I've never heard of that custom or culture association.

No denial here. I made a simple request for proof of said transactions and you hand waived then attempted to run away from the conversation by making it seem like you don't care if anyone believes you.

It takes a piece of work to make a claim, get called out on it and asking for actual proof of such a transaction, then for that same person making the claim to say they don't care if anyone believes them when they were the very one trying to bring it up in the first place to make a point.

lol

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     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
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smoothie
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January 14, 2015, 06:37:33 PM
 #20130

I continue to be impressed with the recurrent opportunities.

I just made my 2015 retirement contribution.

Another purchase?

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           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
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smoothie
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January 14, 2015, 06:39:08 PM
 #20131

new all time low vs Bitcoin:



wrong. LTC's all time low is 0.0004 BTC or $0.005

Cypher let's use all the facts and not just cherry pick them okay?  Cheesy

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     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
smoothie
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January 14, 2015, 06:43:10 PM
 #20132

btw, tvbcof never called the bottom @1.98 in 2011 like he pretends.  he's free to provide some links for proof but all i recall was some vague reference.

@tvbcof care to go down this road of providing links?

No? Wanna run away?

As I said I will give credit where credit is due. So far all I seen you posted a link where you said you would consider trading btc for metals in Jan 2014. Not that you actually did.

Anyone who makes a great trade like that who wanted to be remembered for it would have made the trade public for all to see.

 Grin Grin Grin

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     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
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cypherdoc
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January 14, 2015, 06:44:12 PM
 #20133

new all time low vs Bitcoin:



wrong. LTC's all time low is 0.0004 BTC or $0.005

Cypher let's use all the facts and not just cherry pick them okay?  Cheesy

correct me if i'm wrong but the chart price on the R side axis is in terms of BTC.  is it not at an all time low?
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January 14, 2015, 06:45:21 PM
 #20134

Dow -350

are you sure you want to sell BTC?
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January 14, 2015, 06:52:01 PM
 #20135

new all time low vs Bitcoin:



wrong. LTC's all time low is 0.0004 BTC or $0.005

Cypher let's use all the facts and not just cherry pick them okay?  Cheesy

correct me if i'm wrong but the chart price on the R side axis is in terms of BTC.  is it not at an all time low?

This is not a complete data chart as I was there when btc-e traded LTC at 0.0004BTC or half a penny.

Even this chart (which isn't complete as well) has a low of 0.002X as the low: http://www.cryptocoincharts.info/pair/ltc/btc/btc-e/alltime

Right now price is at 0.00669 BTC.

So no it isn't an accurate claim to say that litecoin is at an all time low vs BTC in direct or fiat comparison.

 Smiley

try a different graph to get your data from. It seems my link is much more thorough than yours (even if it isn't complete in the entire history of price).

Just for future reference.

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
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 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
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     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
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January 14, 2015, 06:55:53 PM
 #20136

try a different graph to get your data from. It seems my link is much more thorough than yours (even if it isn't complete in the entire history of price).

Just for future reference.

yep, you're right.  my apologies.
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January 14, 2015, 07:02:31 PM
 #20137

try a different graph to get your data from. It seems my link is much more thorough than yours (even if it isn't complete in the entire history of price).

Just for future reference.

yep, you're right.  my apologies.

No worries man. More power to you now (info and all).

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
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 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
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January 14, 2015, 07:23:08 PM
 #20138

gold looks like it's weakening.
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January 14, 2015, 07:26:23 PM
 #20139

The time a major financial institution was hacked in under 15 minutes

What about virtual currencies? People say they are secure and relatively anonymous, and folks are working to integrate Bitcoin into the financial system.

Bitcoin is used not only for legitimate financial transactions but for financial transactions amongst the folks who are doing the hacking. So I think it's going to be interesting to see — in one sense, if hackers, cybercriminals are using Bitcoin to move money around or do money laundering or other things as part of the financial portion of their operations, they're probably going to be somewhat reticent to develop ways to compromise Bitcoin. And actually Bitcoin itself is obviously based on an encryption algorithm, so that in some ways creates inherent security, as well. One could speculate that that would not be an attractive target because the guys who are the attackers are also using it. That's number one.

Number two, it comes down to how easy a target is to breach. There's fundamentally two parts to the formula for cybercriminals. One is, how big a target? How juicy is it? How attractive is it? How much money is there to steal? The other one is, how easy is it to breach? In mobile malware, for example, we see over 98 percent of the mobile malware that's created is created for Android. Why? Because it's much, much easier to exploit than iOS.

In the case of Bitcoin, you have to look at it relative to other forms of currency and things guys could go steal. I don't think it's the most attractive target because of not only who's using it but the difficulty in compromising Bitcoin.

As Bitcoin becomes more integrated with the financial system, do you see its role shrinking as the mode of exchange for hackers? Or do they wind up coexisting somehow?

That's a great question. This is purely my personal opinion, but I would expect to see it coexisting. I don't necessarily see it going away, and I'm not sure it gets more dangerous because of the anonymity that's involved for cybercriminals to use it and risk getting caught.


http://www.washingtonpost.com/blogs/the-switch/wp/2015/01/14/the-time-a-major-financial-institution-was-hacked-in-under-15-minutes/
JorgeStolfi
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January 14, 2015, 08:35:59 PM
 #20140

Dow -350
are you sure you want to sell BTC?
Bitcoin -90

So Dow's drop was 4x that of Bitcoin.  Can't argue with that.

Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm success.
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