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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1804539 times)
smoothie
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February 03, 2015, 05:55:17 AM
 #20981

...
furthermore, buying Bitcoin starting @ $1.60 has also been extremely profitable, on paper.  ...

Smoothie should be along shortly to demand notarized copies of all your financial statements.



lol yes i would love to see proof cypher.

If you have any... Tongue

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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.
 
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February 03, 2015, 05:57:10 AM
 #20982

Long term Cypher has been right...

And he is right...some of us have made a pretty penny.  Wink

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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.
 
HeliKopterBen
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February 03, 2015, 06:25:32 AM
 #20983

Any seasoned trader/investor knows that one of the hardest things to do is hold onto large gains.  The temptation to sell and lock in profits at much lower prices and go against your original plan is perhaps harder than buying at times like these.  Fortunately, I still have over half my original stash left... and that is after panic selling a chunk during the march 2013 fork (tradercj would have sold all), getting goxed on a chunk, cashing out a chunk earlier on in this bear market, and speculating on some alts.  I put half in cold storage and vowed to not touch it unless I absolutely had to.  It is still there.  Actually, I'm back to about 75% after being given the gift of lower prices recently.

Counterfeit:  made in imitation of something else with intent to deceive:  merriam-webster
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February 03, 2015, 07:52:52 AM
 #20984

Hey tvbcof, we're going back up.

Well hopefully people haven't been taking your advice for the past year.  Unfortunately, I'm sure some did, and they have paid dearly.  Shame on you.

except i haven't been saying buy for the entire year.

shame on you for your buy recommendations on gold and silver.  they've performed miserably since 2011 and have been flat at best for the last year.

you must be frustrated.

Cypher, you've been nothing but bullish over the course of the entire thread's life.  In fact, you admitted that this is a place for you to troll to bears.  When it comes to PMs, I never said buy (to my recollection).  I'm not a salesman, unlike you.  I called you out on being wrong on gold vs Bitcoin for an entire year.  Hell, more than a year.  And although you probably do not recall, what I said about PMs was my shift to them from Bitcoin worked in my favor.  Furthermore, I have stated many times that gold and Bitcoin solve different problems.  Comparing the two from a functional standpoint doesn't make sense.  You, on the other hand, would rather preach the ultimate dominance of Bitcoin from your pulpit.  And like I said, this I'm sure has resulted in losses from those hapless people who have taken your advice over the past year.  It is your unmitigated arrogance that I take exception to.

Considering his call was made in 2011 when bitcoin was still nothing more than a curious token that had zero infrastructure around it, then the call has been wildly successful. The fact bitcoin is off from its peak doesn't change that. Today I buy PMs and bitcoin, but PMs have done nothing since 2011 compared next to bitcoin, that is the comparison point, not the latest peak.
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February 03, 2015, 08:12:13 AM
 #20985

Quote
Starting back in 2011, a chimp could have become a millionaire

actually before then the IQ around this place was highest anywhere on the web ... so, no chimps and chumps have only came along later.

Just like apple and microsoft stocks, you had to have knowledge more than luck at those levels, people whining about unfairness of coin distribution are, almost by definition, stupider than your average bear.

There is a reason the devs left bitcointalk years ago for the promise land of listserv and GitHub. They seem to see bitcointalk as nothing but a den of thieves and scammers at this point.

I've never understood why but the chimps and chumps (as you call them) never seem to be able to figure out how to use something as simple as a malling list, and so switching over to that medium tends to leave them behind.

Its sad but over the years every decent message board or comment section I've found has eventually been taken over by the chimps and lose its value as the original community slowly bleeds out.
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Let's talk governance, lipstick, and pigs.


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February 03, 2015, 08:22:17 AM
 #20986

Quote
Starting back in 2011, a chimp could have become a millionaire

actually before then the IQ around this place was highest anywhere on the web ... so, no chimps and chumps have only came along later.

Just like apple and microsoft stocks, you had to have knowledge more than luck at those levels, people whining about unfairness of coin distribution are, almost by definition, stupider than your average bear.

There is a reason the devs left bitcointalk years ago for the promise land of listserv and GitHub. They seem to see bitcointalk as nothing but a den of thieves and scammers at this point.

I've never understood why but the chimps and chumps (as you call them) never seem to be able to figure out how to use something as simple as a malling list, and so switching over to that medium tends to leave them behind.

Its sad but over the years every decent message board or comment section I've found has eventually been taken over by the chimps and lose its value as the original community slowly bleeds out.
We might as well go back to usenet. At least you can *plonk* trolls there.
edit: I see there is a group for devs. I don't go on dev lists because I don't dev. Troll slaying is my gig.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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February 03, 2015, 10:06:26 AM
 #20987

In the throes of currency wars, priced in almost everything but USD, gold has increased markedly in the last 6 months. Check it out in Yen, Ruble, Eur, Aud, Cad. Same effect has mitigated the decline in bitcoin prices. Outside of any market string pulling (paper market in GLD, whaleclubs in btc) comparative strength of the USD has been a killer.
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February 03, 2015, 10:41:43 AM
 #20988

The people who really have my respect are those like Gavin and Garzik who gave away Bitcoin as a means of jump-starting things.

Faucets and charity (esp. the FOSS coding) are all well and good, but what about us chimp chumps who spent our early BTC on goods and services?

IMO, increasing velocity/distribution by rewarding actual use cases did more to bootstrap the crypto-economy than sprinkling about proof-of-concepts.  With only philanthropists and hoarders participating, we'd have never gotten this moon rocket off the ground!

I laugh at your overpriced Ramen!
http://bitmunchies.com/index.php?cPath=29_22

Seriously? Theres a website selling ramen noodles for btc?

Sigh, I guess spending $5 coins pretty much counts as giving them away.   Cry

 Grin

The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
Fungibility provides privacy as a side effect.  Adam Back 2014
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Wallets - Podcats - Roadmap - Dice - Blackjack - Github - Android }


Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


"I believed @Dashpay instamine was a bug & not a feature but then read: https://bitcointalk.org/index.php?topic=421615.msg13017231#msg13017231
I'm not against people making money, but can't support questionable origins."
https://twitter.com/Tone_LLT/status/717822927908024320


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It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

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February 03, 2015, 04:22:11 PM
 #20989

like i said:



i'm really liking this:



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February 03, 2015, 04:24:51 PM
 #20990

if anything, the massive attempts of clowns like traderCJ, tvbcof, and the Not* brother trolls to discredit me tells me we are still very early on in the game.  they are how you tell we are NOT in a bubble.  the bearish sentiment has become overconfident.  that combined with over a year long pullback that can't take us consistently below 200 is a very good sign for Bitcoin bulls...

$200?  A year and a half ago I was promised $300,000 by your fellow nutter rpietila...
Oh well, expectations lowered Sad
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February 03, 2015, 04:39:16 PM
 #20991

Ignore the naysayers. .. it's not their capital on the line.

Like this post? you can tip me (BTC) 1LGi2DMhectdFSkBid5srrnHk8WHgD3V1d or very WoW (Doge) D9p6FZQb1sKkq9hApy4tnjSduYfdnc74bb
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February 03, 2015, 05:09:11 PM
 #20992

Starting back in 2011, a chimp could have become a millionaire, let alone a human.

you have no idea what you're talking about, not being anywhere around here during that time.  sentiment was WAY worse and this forum was crawling with a majority of trolls.  in fact, it was so bad that i started my first 2 threads in this Spec forum in an attempt to counteract the spiral down in sentiment.

Warning: How many of you Bears have ever been a victim of a Short Squeeze?

How many of you have been Zhoutonged?

those threads are filled with bear venom.  the risk of investing back then was MUCH higher than it is now.  why?  b/c we were so much closer to zero and total failure.  when it broke below 2 to 1.98, the large final capitulatory downstroke was completed as bears and bulls alike vomited up their last units.  we're nowhere close to that after a downturn over 3x as long.

200 is the new 2 (and all you bears should keep in mind that that's 100x return in 3 years)
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February 03, 2015, 05:21:30 PM
 #20993

Ignore the naysayers. .. it's not their capital on the line.

I just continue to be floored by the growth in the ecosystem. Two years ago our only options to acquire bitcoin were home mining or sending money to a flacky website in Japan through Dwolla which limited transfer sizes. Today there are plenty of professional options integrated directly with my bank accounts. It feels like a night and day difference. And this growth in infrastructure continues to accelerate, IMHO faster than any startup ecosystem I've seen before.

The key is to ignore the naysayers who focus on the price. The price in the near-term is immaterial. Ecosystem and infrastructure are all that matter at this stage.

If the naysayers start to focus on bashing the ecosystem and infrastructure build-out (or lack of) I'll gladly listen because that is what matters.
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February 03, 2015, 05:41:34 PM
 #20994

^Price is a valid indicator only when it's high, when it tanks it becomes irrelevant Roll Eyes

The "price" of money is its buying power, and [arguably] that's pretty important.
You now can buy ~1/4 of the stuff you used to be able to buy with your "money" a year ago.
Your "money" was debased by roughly 75%.

Please take this moment to give yourselves a big hand for this major accomplishment.
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February 03, 2015, 05:46:44 PM
 #20995

You can catch up with people who discovered bitcoin two years ago. Same risk - you venture more, but the risk per dollar is considerably less than back then.

1. Do it now, don't wait until the price is 600 or 1200 or whatever. Now is the time.

2. Risk 10 times more than the 2013'ers did risk. Either place a larger fraction of your portfolio in bitcoins, or take up a loan, or trade on margin.

You don't need to be grumpy. The risk is smaller. Many did not enter in 2013, even knowing about bitcoin. They did not take the risk. Those who did, deserve what they have.


Edit: Trading on margin might not be too smart. You don't have control.

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February 03, 2015, 06:14:46 PM
 #20996

Starting back in 2011, a chimp could have become a millionaire, let alone a human.

you have no idea what you're talking about, not being anywhere around here during that time.  sentiment was WAY worse and this forum was crawling with a majority of trolls.  in fact, it was so bad that i started my first 2 threads in this Spec forum in an attempt to counteract the spiral down in sentiment.

Warning: How many of you Bears have ever been a victim of a Short Squeeze?

How many of you have been Zhoutonged?

those threads are filled with bear venom.  the risk of investing back then was MUCH higher than it is now.  why?  b/c we were so much closer to zero and total failure.  when it broke below 2 to 1.98, the large final capitulatory downstroke was completed as bears and bulls alike vomited up their last units.  we're nowhere close to that after a downturn over 3x as long.

200 is the new 2 (and all you bears should keep in mind that that's 100x return in 3 years)

precisely
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February 03, 2015, 06:18:48 PM
 #20997

Ignore the naysayers. .. it's not their capital on the line.

I just continue to be floored by the growth in the ecosystem. Two years ago our only options to acquire bitcoin were home mining or sending money to a flacky website in Japan through Dwolla which limited transfer sizes. Today there are plenty of professional options integrated directly with my bank accounts. It feels like a night and day difference. And this growth in infrastructure continues to accelerate, IMHO faster than any startup ecosystem I've seen before.

The key is to ignore the naysayers who focus on the price. The price in the near-term is immaterial. Ecosystem and infrastructure are all that matter at this stage.

If the naysayers start to focus on bashing the ecosystem and infrastructure build-out (or lack of) I'll gladly listen because that is what matters.

Exactly. All of these people saying "Oh, but they're not investing in bitcoin/why aren't they buying".  Roll Eyes  You don't think that once the necessary groundwork is laid that all of these investors won't take us where we need to be? Lol
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February 03, 2015, 06:40:06 PM
 #20998

...You don't think that once the necessary groundwork is laid that all of these investors won't take us where we need to be? Lol

How is it the price keeps tanking with such great "groundwork" in place???  Why teh inverse correlation?
A guy from the internet once told me increasing demand on a limited-supply asset (such as BTCeanie BTCabies Bitcoin) should drive the price up, was I lied to???
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February 03, 2015, 07:59:24 PM
 #20999

Claiming bitcoin wont go sub200 ever is just silly, at best, and kinda discredit the whole thread.

Non inultus premor
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February 03, 2015, 08:55:41 PM
 #21000

Ignore the naysayers. .. it's not their capital on the line.

I just continue to be floored by the growth in the ecosystem. Two years ago our only options to acquire bitcoin were home mining or sending money to a flacky website in Japan through Dwolla which limited transfer sizes. Today there are plenty of professional options integrated directly with my bank accounts. It feels like a night and day difference. And this growth in infrastructure continues to accelerate, IMHO faster than any startup ecosystem I've seen before.

The key is to ignore the naysayers who focus on the price. The price in the near-term is immaterial. Ecosystem and infrastructure are all that matter at this stage.

If the naysayers start to focus on bashing the ecosystem and infrastructure build-out (or lack of) I'll gladly listen because that is what matters.

Exactly. All of these people saying "Oh, but they're not investing in bitcoin/why aren't they buying".  Roll Eyes  You don't think that once the necessary groundwork is laid that all of these investors won't take us where we need to be? Lol

Well said. Relative newcomer bitcoiners, both trollish and non trollish, often can't see the amazing growth of the network and  infrastructure in only 6 years because they weren't there see how rickety it was only a few years ago during initial bootstrapping.  The party is only getting started and this is an excellent entry point for anyone who wants to cost average as we're near the point of maximum opportunity if not at it now.  

Edited for clarity and spelling

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