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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1807061 times)
tvbcof
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January 27, 2015, 01:18:54 AM
 #20681


If I wanted more BTC, I'd simply have put away a fraction of the money I made selling at the 2013/2014 juncture.  I spent it all (or have it earmarked) for property development projects.  Don't worry...I've got a decent amount of powder of the BTC variety dry.

I more or less got the posting bug out of my system over the last few weeks.  The only interesting thing going on recently is the sidechains possibility which is probably the last hope to save Bitcoin as something worth saving.  Also, gearing up for the 'gavincoin' fork war is something I should be focusing my efforts on, but it's such a hassle and a lot of work that I've been remiss...easier to post babble on trolltalk.

I tend not to be 'bullish' or 'bearish'.  Price spikes and drops are just things that happen.  Obviously they are emotionally exciting, but I expect both of them to continue so none of them are big surprises.  I just call things as I see them and tell people what I am doing.  Told people I was buying in the single digits.  Told people I was selling in the four digits.  Told people a few days ago that I'd probably be buying right now if I had no BTC and some money to gamble with.  Maybe that's what turned the market around.  Who knows?  I mean anyone who is watching will probably listen to my thoughts more than the perma-bull bozos who look indistinguishable from pump-n-dump scammers.


more BS vomit from your lips.

nope, your posting frequency, negativity pitch, and SC pump correlated directly with the price slump down into the capitulatory low of 152.  typical for an emotional and confused momentum follower of Bitcoin such as yourself.  just read the contradictions in your post.  another attempt by you to cover all the bases so that when a counter trend move occurs, you can say you called it.
...

Why should I 'cover my bases'?  I couldn't give two shits what other people think.  They can listen to folks like me who have a track record of infrequent but dead on calls (which is as I've always said mostly dumb luck) or they can listen to perma-pumpers like cypherdoc and go broke.  <shrug>  I'm happy if I have helped some folks over the years of course, but it's not my main goal.

In other news, while ~goat was buying a Ferrari with his winnings at 4 figures, I was buying some property which I've been developing over the year.  His purchase has depreciated a lot.  Mine, OTOH, has increased dramatically, and I'm in much better physical shape since I've done a lot of the work myself.  Thank god that Bitcoin didn't come along 20 years ago else I'd probably have a Ferrari which would cost a ton to insure as well and which I probably would have already crashed due to my (now outgrown) penchant  for taking corners at speed.  Today the water well drillers hit 5 GPM at only 40 feet on my new property.  It's going to cost me like 5 BTC.  Had I followed Cypherdoc's advice and not planned a head a bit it would have been more like 20 BTC.


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cypherdoc
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January 27, 2015, 03:08:39 AM
 #20682


If I wanted more BTC, I'd simply have put away a fraction of the money I made selling at the 2013/2014 juncture.  I spent it all (or have it earmarked) for property development projects.  Don't worry...I've got a decent amount of powder of the BTC variety dry.

I more or less got the posting bug out of my system over the last few weeks.  The only interesting thing going on recently is the sidechains possibility which is probably the last hope to save Bitcoin as something worth saving.  Also, gearing up for the 'gavincoin' fork war is something I should be focusing my efforts on, but it's such a hassle and a lot of work that I've been remiss...easier to post babble on trolltalk.

I tend not to be 'bullish' or 'bearish'.  Price spikes and drops are just things that happen.  Obviously they are emotionally exciting, but I expect both of them to continue so none of them are big surprises.  I just call things as I see them and tell people what I am doing.  Told people I was buying in the single digits.  Told people I was selling in the four digits.  Told people a few days ago that I'd probably be buying right now if I had no BTC and some money to gamble with.  Maybe that's what turned the market around.  Who knows?  I mean anyone who is watching will probably listen to my thoughts more than the perma-bull bozos who look indistinguishable from pump-n-dump scammers.


more BS vomit from your lips.

nope, your posting frequency, negativity pitch, and SC pump correlated directly with the price slump down into the capitulatory low of 152.  typical for an emotional and confused momentum follower of Bitcoin such as yourself.  just read the contradictions in your post.  another attempt by you to cover all the bases so that when a counter trend move occurs, you can say you called it.
...

Why should I 'cover my bases'?  I couldn't give two shits what other people think.  They can listen to folks like me who have a track record of infrequent but dead on calls (which is as I've always said mostly dumb luck) or they can listen to perma-pumpers like cypherdoc and go broke.  <shrug>  I'm happy if I have helped some folks over the years of course, but it's not my main goal.

In other news, while ~goat was buying a Ferrari with his winnings at 4 figures, I was buying some property which I've been developing over the year.  His purchase has depreciated a lot.  Mine, OTOH, has increased dramatically, and I'm in much better physical shape since I've done a lot of the work myself.  Thank god that Bitcoin didn't come along 20 years ago else I'd probably have a Ferrari which would cost a ton to insure as well and which I probably would have already crashed due to my (now outgrown) penchant  for taking corners at speed.  Today the water well drillers hit 5 GPM at only 40 feet on my new property.  It's going to cost me like 5 BTC.  Had I followed Cypherdoc's advice and not planned a head a bit it would have been more like 20 BTC.



sure you did. sure.  i don't remember any dead on calls from you at all.  just constant complaining.  and i have not been recommending buying all the way down from the top.  nice try.

from all your comments, i don't think you understand Bitcoin.
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January 27, 2015, 03:21:40 AM
 #20683


Why should I 'cover my bases'?  I couldn't give two shits what other people think.  They can listen to folks like me who have a track record of infrequent but dead on calls (which is as I've always said mostly dumb luck) or they can listen to perma-pumpers like cypherdoc and go broke.  <shrug>  I'm happy if I have helped some folks over the years of course, but it's not my main goal.

In other news, while ~goat was buying a Ferrari with his winnings at 4 figures, I was buying some property which I've been developing over the year.  His purchase has depreciated a lot.  Mine, OTOH, has increased dramatically, and I'm in much better physical shape since I've done a lot of the work myself.  Thank god that Bitcoin didn't come along 20 years ago else I'd probably have a Ferrari which would cost a ton to insure as well and which I probably would have already crashed due to my (now outgrown) penchant  for taking corners at speed.  Today the water well drillers hit 5 GPM at only 40 feet on my new property.  It's going to cost me like 5 BTC.  Had I followed Cypherdoc's advice and not planned a head a bit it would have been more like 20 BTC.

sure you did. sure.  i don't remember any dead on calls from you at all.  just constant complaining.  and i have not been recommending buying all the way down from the top.  nice try.

Everything of any complexity has at least some pitfalls, and can be looked at differently from different angles.  I simply point these out.  All through the decline I have pointed out the various contrarian positives one some threads where negativity is pronounced.  This thread is so full of hyper-pumpers there is usually not much need for doing so.

  - edit:  Surely you recognize that buying at $2.00, selling at $1000, then buying back at $250 is a winning strategy over buying at $1000 then lower if you have any money coming in.  Maybe not.  Here's my tip for doing better financially:  'Buy low, Sell high.'  Unfortunately that's a little to complex for cypherdoc.


from all your comments, i don't think you understand Bitcoin.

I don't understand it as a micro-payment system as you called for a few pages back.  Good luck with that.  You really have not got a clue and are just desperately grasping at anything which could you could vaguely argue proves you right after being so wrong for a year.  Pathetic.  And hurtful to Bitcoin as well if anyone listens to you at all any more.


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January 27, 2015, 03:34:15 AM
 #20684


Why should I 'cover my bases'?  I couldn't give two shits what other people think.  They can listen to folks like me who have a track record of infrequent but dead on calls (which is as I've always said mostly dumb luck) or they can listen to perma-pumpers like cypherdoc and go broke.  <shrug>  I'm happy if I have helped some folks over the years of course, but it's not my main goal.

In other news, while ~goat was buying a Ferrari with his winnings at 4 figures, I was buying some property which I've been developing over the year.  His purchase has depreciated a lot.  Mine, OTOH, has increased dramatically, and I'm in much better physical shape since I've done a lot of the work myself.  Thank god that Bitcoin didn't come along 20 years ago else I'd probably have a Ferrari which would cost a ton to insure as well and which I probably would have already crashed due to my (now outgrown) penchant  for taking corners at speed.  Today the water well drillers hit 5 GPM at only 40 feet on my new property.  It's going to cost me like 5 BTC.  Had I followed Cypherdoc's advice and not planned a head a bit it would have been more like 20 BTC.

sure you did. sure.  i don't remember any dead on calls from you at all.  just constant complaining.  and i have not been recommending buying all the way down from the top.  nice try.

Everything of any complexity has at least some pitfalls, and can be looked at differently from different angles.  I simply point these out.  All through the decline I have pointed out the various contrarian positives one some threads where negativity is pronounced.  This thread is so full of hyper-pumpers there is usually not much need for doing so.

  - edit:  Surely you recognize that buying at $2.00, selling at $1000, then buying back at $250 is a winning strategy over buying at $1000 then lower if you have any money coming in.  Maybe not.  Here's my tip for doing better financially:  'Buy low, Sell high.'  Unfortunately that's a little to complex for cypherdoc.


from all your comments, i don't think you understand Bitcoin.

I don't understand it as a micro-payment system as you called for a few pages back.  Good luck with that.  You really have not got a clue and are just desperately grasping at anything which could you could vaguely argue proves you right after being so wrong for a year.  Pathetic.  And hurtful to Bitcoin as well if anyone listens to you at all any more.



i think it has great potential as a micropayment network.  Satoshi dice proved that as are many current gambling sites.  Changetip works well and should spread the use of Bitcoin widely.  if fees can be kept down (i think they can) uses in Africa and India will bear fruit. we're already seeing it, especially in Southeast Asia.  getting those millions of users online with Bitcoin will solidify usage both politically and economically.

keeping fees down will allow embedding of contract hashes like we're seeing with POE.  that will drive thousands of fee paying tx's which will help miners make the transition from block rewards to fees.  it's happening right in front of your face.
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January 27, 2015, 07:55:57 AM
 #20685

The FED wants to reinvent Bitcoin! Except very slowly and in a way that does not cut it out of the game.

https://fedpaymentsimprovement.org

(Jan 26/2015) The Federal Reserve System is pleased to release Strategies for Improving the U.S. Payment System, a multi-faceted plan for collaborating with payment system stakeholders to enhance the speed, safety and efficiency of the U.S. payment system.


https://fedpaymentsimprovement.org/wp-content/uploads/strategies-improving-us-payment-system.pdf

The document identifies vast inefficiencies in legacy payment systems, and proposes all sorts of inititiatives, task forces, forums, and the FED's leadership to bring things up to date.

Next steps include things like:
"Phase 3 (2016 or beyond): Explore the technology, infrastructure and operational and resource changes required to support weekend and/or 24x7 operating hours [for the National Settlement Service]". (p.21)

Bitcoin is not mentioned, but we have:

Design options not selected for further review:
"A digital transfer vehicle was not considered a sufficiently mature technology at this time, but was identified for further exploration and monitoring given significant interest in the marketplace. It is noteworthy that Option 2 (leverage distributed architecture), which was selected for further exploration, has certain similarities to this option with respect to leveraging decentralized IP networks for point-to-point communications." (p.42)

In case you are curious, Option 2 is:
"Facilitate direct clearing between financial institutions on public IP networks using common protocols and standards for sending and receiving payments. A distributed architecture for messaging between financial institutions over public IP networks has the potential to lower costs compared to clearing transactions over a hub-and-spoke network architecture. A central authority would establish common protocols for messaging standards, communication, security and logging transactions in a central ledger to facilitate subsequent interbank settlement. The central authority would also establish the rules of the system. Participating institutions could directly exchange credit-push transactions with (near) real- time authorization/clearing and the payer’s bank guarantee of good funds." (p.41)

You are late, FED. Temporally and conceptually late.  



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January 27, 2015, 08:24:30 AM
 #20686

... until bitcoin came along they would have denied there were any problems.

Basically, because of bitcoin they have examined their system and now recognize it is old, broken, dysfunctional ... I would add corrupt, riddled with cronyism, systemically fraudulent and insolvent.

tl;dr sell US federal reserve notes (or any unverifiable electronic promises issued by the same)

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January 27, 2015, 02:36:32 PM
 #20687

Nice

NYSE Invokes Rule 48 To Pre-Empt Selling Panic

http://www.zerohedge.com/news/2015-01-27/nyse-invokes-rule-48-pre-empt-selling-panic
cbeast
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Let's talk governance, lipstick, and pigs.


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January 27, 2015, 02:39:04 PM
 #20688

Centralized Bitcoin exchanges need to divorce themselves from the libertarian paradigm.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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January 27, 2015, 02:50:31 PM
 #20689

I've said repeatedly that markets won't like usd strength over the long run.

Market Wrap: Futures Tumble On Spike Of "Strong Dollar" Earnings Disappointments And Profit Warnings

http://www.zerohedge.com/news/2015-01-27/market-wrap-futures-slide-spike-strong-dollar-earnings-disappointments-and-profit-wa
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January 27, 2015, 03:04:28 PM
 #20690

Centralized Bitcoin exchanges need to divorce themselves from the libertarian paradigm.
Solve this:

1) We dont have centralized, "serious" exchanges like the Gemini or Coinbase one, which leads to old big money not comming in.

2) We have centralized exchanges which means we get to deal with wall street bastards and risk the price being rigged, also risk on the exchanges being a failure again killing bitcoin due lack of trust.

How to solve this?? afaik, decentralized exchanges dont allow for proper trading.

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Let's talk governance, lipstick, and pigs.


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January 27, 2015, 03:10:55 PM
 #20691

Centralized Bitcoin exchanges need to divorce themselves from the libertarian paradigm.
Solve this:

1) We dont have centralized, "serious" exchanges like the Gemini or Coinbase one, which leads to old big money not comming in.

2) We have centralized exchanges which means we get to deal with wall street bastards and risk the price being rigged, also risk on the exchanges being a failure again killing bitcoin due lack of trust.

How to solve this?? afaik, decentralized exchanges dont allow for proper trading.
I posted on Reddit:
Quote
I want to see a bitcoin exchange that doesn't give a fuck. Keep bankers hours. Ring a bell at opening and closing. Develop a good OTC trading board. Buy and/or hire Trezor. Offer Trezor support for security, multisig deposits and withdrawals, and after hours OTC trading only.
The libertarian paradigm must be divorced from centralized exchanges. They can only work on decentralized exchanges. DEXs will flourish when they find their niche as arbitrage markets between regulated traditional markets.
Take a good look at Tether and develop your own Winkelvoss dollar backed colored coin. Maybe you can leverage it against your ETF profits.

Tether is a colored coin (Mastercoin-style) that pegs USD or any other fiat to bitcoin metadata. These can be used for crypto pairings on DEXs.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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January 27, 2015, 03:11:02 PM
 #20692

Centralized Bitcoin exchanges need to divorce themselves from the libertarian paradigm.
Solve this:

1) We dont have centralized, "serious" exchanges like the Gemini or Coinbase one, which leads to old big money not comming in.

2) We have centralized exchanges which means we get to deal with wall street bastards and risk the price being rigged, also risk on the exchanges being a failure again killing bitcoin due lack of trust.

How to solve this?? afaik, decentralized exchanges dont allow for proper trading.

i've thought of this alot.

the only way to solve it is to have multiple international exchanges in jurisdictions that are actually hostile to the US, like we already have in China and Russia.  next, provable audits, either thru Merkle trees or something better, along with real audits.  the bar needs to be set higher to prevent naked shorting.
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January 27, 2015, 03:22:53 PM
 #20693

hmmm, normally when we see huge gap opening gap downs like this on the Dow, it immediately starts grinding back up higher oftentimes to being flat before dropping once again.  we aren't seeing that this morning...
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January 27, 2015, 03:25:34 PM
 #20694

-320
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January 27, 2015, 03:36:17 PM
 #20695

gathering pace:  -351
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January 27, 2015, 03:39:06 PM
 #20696

MSFT needs to go full Bitcoin:

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January 27, 2015, 03:43:29 PM
 #20697

ugly.  i thought everything was peachy keen?



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January 27, 2015, 03:44:58 PM
 #20698

dow -383

"Pioneering a revolutionary novel consensus mechanism called proof of importance."
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January 27, 2015, 03:45:38 PM
 #20699

oh yes, getting interesting now:  -388
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January 27, 2015, 03:47:10 PM
 #20700

here's the interesting thing which i brought up last week.

what if the dollar starts dropping along with stocks?
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