300 is broken, to never see again

[kwukduck]

We broke 300 even sooner than expected, this ship is sinking faster than you will imagine.
My experience from long time successful trading is to get out as soon as you can.

[fabula]

It's over my friends.
A slowly death.

[Morecoin Freeman]

I actually bought just now ($296). Have been anticipating this weekend with a huge amount of USD.

I'm thinking about starting my own advice thread where I publish my buy and sell prices to help inexperienced traders.

I'm on a legendary win streak.

[Silverspoon]

It's over my friends.
A slowly death.

[Amph]

we are above 300 what your are talking about? that swing a few hours ago count nothing

[Xian01]

Well shit.

Not sure what to make of this drop below $300.

[vicemayor]

I'll start buying some...

... at $230.

 

[Hunyadi]

[RCHumphrey]

There is no significance of 300 rather than 400 or any other barrier. There has been support at this level but dropping below doesn't mean a lot in my opinion. After all it's all just speculation with BTC price.

[maranello1561]

And how are my dear bagholders doing this morning? You know y'all noobs who bought this crap at $1000. LOL. Lost money yet or what? I've covered most of my short now and will flip long soon. Thats how the big boys do it.

[michaeladair]

We broke 300 even sooner than expected, this ship is sinking faster than you will imagine.
My experience from long time successful trading is to get out as soon as you can.

Get out of here, you're obviously just farming for activity.

Well this isnt good. Does this signal the end?

Bitcoin won't end ever, people believe in it.

It's over my friends.
A slowly death.

Get off the forum if you think talking like that is good for Bitcoin.

[Feri22]

Well this isnt good. Does this signal the end?

YES 

[Hyena]

You can thank the paycoin groupies that are pushing this 1000s BTC scam that I bet is being dumped into Fiat as we speak.

It's ironic how the guy that represents PayCoin is named Josh, just as it was the case with Butterfly Labs. And guess what, both broke their promises. When I suddenly recognized the weird similarity between GAW and BFL I insta-dumped my speculative paycoins I can afford to lose.

Seeing BTC falling under 300 I insta-dumped a good portion of my hot wallet. However, I'm not holding any fiat, I bought nubits instead. NuBits is an excellent hedge against the collective downtrend of all other cryptos. Thank god I invested heavily into NuShares when they first came out, it has covered all my losses I'm having in BTC, PPC and now XPY. NuBits is like a dream come true.

[NotLambchop]

There is no significance of 300 rather than 400 or any other barrier. There has been support at this level but dropping below doesn't mean a lot in my opinion. After all it's all just speculation with BTC price.

You're right, just a milestone on the slow grind down.  No more meaningful than the upcoming $200

[flounderella]

Abandon ship, abandon ship. Run. Panic!

Just kidding... Honey, empty the kid's college fund, we need to buy some more bitcoins :p

Okay, still kidding. Relax, it'll be fine. In the short-term the price of BTC is whatever the last two schmucks agreed to exchange it for. Given that most addresses with big holdings have very little turnover tells me most long term investors are just sitting tight. Sell some if you need to pay rent but if thats the case, probably shouldnt even be putting your rent money into btc

[exocytosis]

Cheap coins! Weak hands! Bullish! To da Moon! This is gentlemen, and I'm hodling like crazy.

The dollar is collapsing any day now, and the Winklevii will get their ETF approved. Every poor, unbanked peasant in Asia and Africa will start doubling down on cheap coinz -- to help bring down the evil bankster empire. Then it's straight to Mars on a rocket, at the speed of light.

[michaeladair]

Cheap coins! Weak hands! Bullish! To da Moon! This is gentlemen, and I'm hodling like crazy.

The dollar is collapsing any day now, and the Winklevii will get their ETF approved. Every poor, unbanked peasant in Asia and Africa will start doubling down on cheap coinz -- to help bring down the evil bankster empire. Then it's straight to Mars on a rocket, at the speed of light.

I love you.
Together we are strong.

Too bad this doesn't say HODL...

[Cassandra_PR]

Together we are strong.

http://s18.postimg.org/6oos973vd/small.jpg

[NotLambchop]

Relax, it'll be fine.

[michaeladair]

Relax, it'll be fine.

Too bad BTT is not a school so I can't shoot it up and kill you non believers.

[RomertL]

Bitcoin will never die. You see, there's a lot libertarians and cryptoanarchists like myself that will NEVER give up on Bitcoin as long as it's functional. And we're a growing number of people. Even if all "normal" people were to be brainwashed enough to stay away from Bitcoin forever. If we're not already, we will be many enough to create our own little economy. Without theft and looting from any "government". A little bit like John Galt's society in Atlas Shrugged, only we won't have to physically hide, just use cryptography. As the bitcoin economy matures, us folks inside will have an unfair advantage towards the cattle still stuck in the Matrix. And yea, by that time price with be a LOT higher than 300 USD even without the help of the sheeple.

[flounderella]

Bitcoin will never die. You see, there's a lot libertarians and cryptoanarchists like myself that will NEVER give up on Bitcoin as long as it's functional. And we're a growing number of people. Even if all "normal" people were to be brainwashed enough to stay away from Bitcoin forever. If we're not already, we will be many enough to create our own little economy. Without theft and looting from any "government". A little bit like John Galt's society in Atlas Shrugged, only we won't have to physically hide, just use cryptography. As the bitcoin economy matures, us folks inside will have an unfair advantage towards the cattle still stuck in the Matrix. And yea, by that time price with be a LOT higher than 300 USD even without the help of the sheeple.

+1

[Eddie Brock]

Bitcoin will never die. You see, there's a lot libertarians and cryptoanarchists like myself that will NEVER give up on Bitcoin as long as it's functional. And we're a growing number of people. Even if all "normal" people were to be brainwashed enough to stay away from Bitcoin forever. If we're not already, we will be many enough to create our own little economy. Without theft and looting from any "government". A little bit like John Galt's society in Atlas Shrugged, only we won't have to physically hide, just use cryptography. As the bitcoin economy matures, us folks inside will have an unfair advantage towards the cattle still stuck in the Matrix. And yea, by that time price with be a LOT higher than 300 USD even without the help of the sheeple.

John Galt wasn't an anarchist though, he thought that government is very important and good... the author of that book hated libertarians/anarchists, and called them "an aberration, the scum of the intellectuals"

[Denker]

Bitcoin will never die. You see, there's a lot libertarians and cryptoanarchists like myself that will NEVER give up on Bitcoin as long as it's functional. And we're a growing number of people. Even if all "normal" people were to be brainwashed enough to stay away from Bitcoin forever. If we're not already, we will be many enough to create our own little economy. Without theft and looting from any "government". A little bit like John Galt's society in Atlas Shrugged, only we won't have to physically hide, just use cryptography. As the bitcoin economy matures, us folks inside will have an unfair advantage towards the cattle still stuck in the Matrix. And yea, by that time price with be a LOT higher than 300 USD even without the help of the sheeple.

+2

[NotLambchop]

Bitcoin will never die. You see, there's a lot libertarians and cryptoanarchists like myself that will NEVER give up on Bitcoin as long as it's functional. And we're a growing number of people. Even if all "normal" people were to be brainwashed enough to stay away from Bitcoin forever. If we're not already, we will be many enough to create our own little economy.

For hawt, ducklipped selfies of Bitcoin economy, see Havelockinvestments.com, Bitcoin's premiere securities exchange.  
Every "security" listed is showing loss, many more than 90%.  The ones not showing loss simply ran away with teh intrepid investors' coin and are no longer listed

Without theft and looting from any "government". A little bit like John Galt's society in Atlas Shrugged, only we won't have to physically hide, just use cryptography. As the bitcoin economy matures, us folks inside will have an unfair advantage towards the cattle still stuck in the Matrix. And yea, by that time price with be a LOT higher than 300 USD even without the help of the sheeple.

Lol, you don't need gubermint stealing from you--you got your friends, the other Bitcoiners, doing it through private enterprise & @ a much greater scale.  Nefario, Pirateat40, TradeFortress, Ukyo, Cryptocyprus (NeoBee Danny), MagicalTux (Gox Mark).

[exocytosis]

As the bitcoin economy matures, us folks inside will have an unfair advantage towards the cattle still stuck in the Matrix.

How will you have an advantage? What's the advantage, exactly?

And yea, by that time price with be a LOT higher than 300 USD even without the help of the sheeple.

And how will you get the price to stay above 300 USD, when only you and a few other bulltard cultists are trading/hodling the beanie coins? Magic?

The law of supply and demand will soon punch you in the face, my friend.

[rocks]

Bitcoin will never die. You see, there's a lot libertarians and cryptoanarchists like myself that will NEVER give up on Bitcoin as long as it's functional. And we're a growing number of people. Even if all "normal" people were to be brainwashed enough to stay away from Bitcoin forever. If we're not already, we will be many enough to create our own little economy. Without theft and looting from any "government". A little bit like John Galt's society in Atlas Shrugged, only we won't have to physically hide, just use cryptography. As the bitcoin economy matures, us folks inside will have an unfair advantage towards the cattle still stuck in the Matrix. And yea, by that time price with be a LOT higher than 300 USD even without the help of the sheeple.

+3

[NotLambchop]

^Bagholder confirmed

[Feri22]

Bitcoin will never die. You see, there's a lot libertarians and cryptoanarchists like myself that will NEVER give up on Bitcoin as long as it's functional. And we're a growing number of people. Even if all "normal" people were to be brainwashed enough to stay away from Bitcoin forever. If we're not already, we will be many enough to create our own little economy. Without theft and looting from any "government". A little bit like John Galt's society in Atlas Shrugged, only we won't have to physically hide, just use cryptography. As the bitcoin economy matures, us folks inside will have an unfair advantage towards the cattle still stuck in the Matrix. And yea, by that time price with be a LOT higher than 300 USD even without the help of the sheeple.

+4

[michaeladair]

Bitcoin will never die. You see, there's a lot libertarians and cryptoanarchists like myself that will NEVER give up on Bitcoin as long as it's functional. And we're a growing number of people. Even if all "normal" people were to be brainwashed enough to stay away from Bitcoin forever. If we're not already, we will be many enough to create our own little economy. Without theft and looting from any "government". A little bit like John Galt's society in Atlas Shrugged, only we won't have to physically hide, just use cryptography. As the bitcoin economy matures, us folks inside will have an unfair advantage towards the cattle still stuck in the Matrix. And yea, by that time price with be a LOT higher than 300 USD even without the help of the sheeple.

+6

My vote counts as two...

[Dilla]

We are pretty much at the point where there's blood in the streets. We're hitting the double bottom at the upper 200's like I anticipated a month ago. You are narrow minded to think Bitcoin will go away so quickly with companies like Microsoft integrating it into payment options. Bitcoin has struck the interest of big players, and they are just waiting for the right time.

[NotLambchop]

...Bitcoin has struck the interest of big players, and they are just waiting for the right time.

Sit down, Dilla, I can't put this off any longer.
There are no big players waiting in the wings; you weren't found in a cabbage patch; the Easter Bunny is just a creepy alcoholic in a fursuit.
There.  Now man up, dry those tears & go play.

[GGGGG]

...Bitcoin has struck the interest of big players, and they are just waiting for the right time.

Sit down, Dilla, I can't put this off any longer.
There are no big players waiting in the wings; you weren't found in a cabbage patch; the Easter Bunny is just a creepy alcoholic in a fursuit.
There.  Now man up, dry those tears & go play.

Nice one 

[Deadstock]

...Bitcoin has struck the interest of big players, and they are just waiting for the right time.

Sit down, Dilla, I can't put this off any longer.
There are no big players waiting in the wings; you weren't found in a cabbage patch; the Easter Bunny is just a creepy alcoholic in a fursuit.
There.  Now man up, dry those tears & go play.

Nice slap of reality right there 

[ensurance982]

Yeah, no. Given your account has been registered quite some while ago I guess you are trying to manipulate people or just sold a large portion of your holdings and convince yourself that your decision was correct  Anyways, yeah, we will most likely go below $300 to some extent, but we will see this mark again.

[RomertL]

Bitcoin will never die. You see, there's a lot libertarians and cryptoanarchists like myself that will NEVER give up on Bitcoin as long as it's functional. And we're a growing number of people. Even if all "normal" people were to be brainwashed enough to stay away from Bitcoin forever. If we're not already, we will be many enough to create our own little economy. Without theft and looting from any "government". A little bit like John Galt's society in Atlas Shrugged, only we won't have to physically hide, just use cryptography. As the bitcoin economy matures, us folks inside will have an unfair advantage towards the cattle still stuck in the Matrix. And yea, by that time price with be a LOT higher than 300 USD even without the help of the sheeple.

John Galt wasn't an anarchist though, he thought that government is very important and good... the author of that book hated libertarians/anarchists, and called them "an aberration, the scum of the intellectuals"

Well, maybe she was more of an minarchist, but definitely part of the broader libertarian category. Not sure what she thought of us anarchists, but a lot of us like her, that's for sure.
 

[fullhouse]

It's over my friends.
A slowly death.

price rise or fall are very normal guy , tomorrow maybe goes up 300$
again , so do not sad

[NotLambchop]

Bitcoin will never die. You see, there's a lot libertarians and cryptoanarchists like myself that will NEVER give up on Bitcoin as long as it's functional. And we're a growing number of people. Even if all "normal" people were to be brainwashed enough to stay away from Bitcoin forever. If we're not already, we will be many enough to create our own little economy. Without theft and looting from any "government". A little bit like John Galt's society in Atlas Shrugged, only we won't have to physically hide, just use cryptography. As the bitcoin economy matures, us folks inside will have an unfair advantage towards the cattle still stuck in the Matrix. And yea, by that time price with be a LOT higher than 300 USD even without the help of the sheeple.

John Galt wasn't an anarchist though, he thought that government is very important and good... the author of that book hated libertarians/anarchists, and called them "an aberration, the scum of the intellectuals"

Well, maybe she was more of an minarchist, but definitely part of the broader libertarian category. Not sure what she thought of us anarchists, but a lot of us like her, that's for sure.
 

"For the record, I shall repeat what I have said many times before: I do not join or endorse any political group or movement. More specifically, I disapprove of, disagree with and have no connection with, the latest aberration of some conservatives, the so-called “hippies of the right,” who attempt to snare the younger or more careless ones of my readers by claiming simultaneously to be followers of my philosophy and advocates of anarchism. Anyone offering such a combination confesses his inability to understand either. Anarchism is the most irrational, anti-intellectual notion ever spun by the concrete-bound, context-dropping, whim-worshiping fringe of the collectivist movement, where it properly belongs."--Ayn Rand, “Brief Summary,” The Objectivist, Vol. 10, Sep. 1971

UR welcome

[RomertL]

As the bitcoin economy matures, us folks inside will have an unfair advantage towards the cattle still stuck in the Matrix.

How will you have an advantage? What's the advantage, exactly?

And yea, by that time price with be a LOT higher than 300 USD even without the help of the sheeple.

And how will you get the price to stay above 300 USD, when only you and a few other bulltard cultists are trading/hodling the beanie coins? Magic?

The law of supply and demand will soon punch you in the face, my friend.

Well... I could probably write a whole book about the first question. Let's just mention a few. First of, we don't pay taxes. The value we create, we spend as we please. If some folks want to spend money together to finance some project, they do that. If others wants to spend their income individually, they do that. There's no regulations. Everybody can start any kind of business without any silly licence. We crowdsource, we crowdfund, we opensource, we issue bitcoinshares without fees and papers that are sold globally. We run our businesses without any borders, especially with digital services and products, we sell to, buy from, and compete with, companies in the whole world on the very same terms. Only competence is important in our world. Not whom you know, what fancy diploma you have, or what "country" you live in. We're sending millions of dollars instantly across borders without fees or bureaucracy. Do you want me to go on? Now, for your second question, I want you to take this whole economy, add a few years of development and innovation, including stuff nobody have thought about yet. Divide the value of all that potential with 21 000 000, the nr of all btc that will ever be created. You should now have a value that is a LOT higher than 300usd.

[RomertL]

Bitcoin will never die. You see, there's a lot libertarians and cryptoanarchists like myself that will NEVER give up on Bitcoin as long as it's functional. And we're a growing number of people. Even if all "normal" people were to be brainwashed enough to stay away from Bitcoin forever. If we're not already, we will be many enough to create our own little economy. Without theft and looting from any "government". A little bit like John Galt's society in Atlas Shrugged, only we won't have to physically hide, just use cryptography. As the bitcoin economy matures, us folks inside will have an unfair advantage towards the cattle still stuck in the Matrix. And yea, by that time price with be a LOT higher than 300 USD even without the help of the sheeple.

John Galt wasn't an anarchist though, he thought that government is very important and good... the author of that book hated libertarians/anarchists, and called them "an aberration, the scum of the intellectuals"

Well, maybe she was more of an minarchist, but definitely part of the broader libertarian category. Not sure what she thought of us anarchists, but a lot of us like her, that's for sure.
 

"For the record, I shall repeat what I have said many times before: I do not join or endorse any political group or movement. More specifically, I disapprove of, disagree with and have no connection with, the latest aberration of some conservatives, the so-called “hippies of the right,” who attempt to snare the younger or more careless ones of my readers by claiming simultaneously to be followers of my philosophy and advocates of anarchism. Anyone offering such a combination confesses his inability to understand either. Anarchism is the most irrational, anti-intellectual notion ever spun by the concrete-bound, context-dropping, whim-worshiping fringe of the collectivist movement, where it properly belongs."--Ayn Rand, “Brief Summary,” The Objectivist, Vol. 10, Sep. 1971

UR welcome

Ah, I understand. She's talking about so called left-wing anarchists aka anarcho-communists, anarcho-syndicalists, that's what she means with collectivist movement. And regarding those, I fully agree with her. When I say anarchist I mean anarcho-capitalist/volunteryist, which I regard as the only true form of anarchism. We anarcho-capitalists believes that everything we do in our life should be of our own choice as long as it doesn't conflict we every bodies right to own their own body and the value it creates. Which doesn't allow for governments since they're not financed by voluntary actions but rather rely on theft, and that tries to inflict laws on us that dictates how we live our lifes. And we're defenitly not a commectivist movement, we're an individualist movement. 

[NotLambchop]

^
Lol, I'm afraid your pinup girl just ain't into you, and certainly wouldn't be seen with you in public

"Qestion:
What do you think of the libertarian movement?

Ayn Rand:
All kinds of people today call themselves “libertarians,” especially something calling itself the New Right, which consists of hippies who are anarchists instead of leftist collectivists; but anarchists are collectivists. Capitalism is the one system that requires absolute objective law, yet libertarians combine capitalism and anarchism. That’s worse than anything the New Left has proposed. It’s a mockery of philosophy and ideology. They sling slogans and try to ride on two bandwagons. They want to be hippies, but don’t want to preach collectivism because those jobs are already taken. But anarchism is a logical outgrowth of the anti-intellectual side of collectivism. I could deal with a Marxist with a greater chance of reaching some kind of understanding, and with much greater respect. Anarchists are the scum of the intellectual world of the Left, which has given them up. So the Right picks up another leftist discard. That’s the libertarian movement."--Ayn Rand Answers: The Best of Her Q&A, ed. Robert Mayhew

[Hyena]

I just sold 10 more bitcoins and bought nubits. The good thing about buying nubits instead of USD is that if you're also a Nu shareholder you will actually support Nu while hedging against bitcoin's mid-term fall. Those who don't know, 1 NBT = 1 USD.

[Kipsy89]

We will see $300 again, if not today, we will see it maybe tomorrow or in a couple weeks time. Waiting for a solid trend-reversal and keeping my faith in Bitcoin until then. Sometimes you have to prove you've got nerves like steel, otherwise you won't prevail in the Bitcoin-world!

[minerpumpkin]

May take some time, especially a strong rebound, but we will surely see $300 again! Rather sooner than later if you ask me. I do understand that you like to buy some more cheap coins, but the price is already low enough, you don't need to push it even further spreading some FUD

[rammy2k2]

any idea if there is a reason behind this chaos ?

[st4nl3y]

any idea if there is a reason behind this chaos ?

FUD?

I wouldn't be surprised if it goes below $280 today

[Hyena]

Maybe we get to see another bear whale battle?

[st4nl3y]

Maybe we get to see another bear whale battle?

Might be the case.

I reckon we'll see $280's for a while and then back above $300 in February. Too many people need cash now. New year means new expenses.

[panju1]

Maybe we get to see another bear whale battle?

Might be the case.

I reckon we'll see $280's for a while and then back above $300 in February. Too many people need cash now. New year means new expenses.

I hope they sell their house instead of their bitcoins. 

[LOBSTER]

Maybe we get to see another bear whale battle?

Please not...just want a intensive bull run

[Addition]

any idea if there is a reason behind this chaos ?

Mad dump going off today for sure - Does anyone know what's behind this?

Some folks saying; Paycoin???  WTF IS Paycoin

Or is this just simply another massive volume related dump, then expected bounce back(short-term)?

[tss]

price only matters to speculators.  if 1 BTC = 1 BTC im still ok with whatever the exchange is in your country

[arieq]

I hope this dump is from early adopters. Transfer of wealth is always needed

a $30 drop in one day, I think its safe to say that a rebound is likely.

[Addition]

I hope this dump is from early adopters. Transfer of wealth is always needed

a $30 drop in one day, I think its safe to say that a rebound is likely.

Think most people are thinking the same mate (that's what worries me).

I'm too expecting a rebound at some point tomorrow. Business continues for me whatever the price, have a nice collection of BTC now, shame it's fiat value isn't as nice as I had hoped for but still, can't complain.

Who else thinks a rebound is a sure thing over next 36Hrs?

[NotLambchop]

...
Who else thinks a rebound is a sure thing over next 36Hrs?

Folks stuck with bags of BTC?

[DustyRah]

Not much going to happen till the block rewards halves in 2016.

[celebreze32]

any idea if there is a reason behind this chaos ?

Mad dump going off today for sure - Does anyone know what's behind this?

Some folks saying; Paycoin???  WTF IS Paycoin

Or is this just simply another massive volume related dump, then expected bounce back(short-term)?

Paycoin recently mooned to the top of coinmarketcap after an IPO that apparently made millions. Right now it's just below litecoin in terms of market cap, but it's dropped like a stone from it's top price. Nobody seems to know exactly how much the devs mad or if they're dumping.

http://coinmarketcap.com/currencies/paycoin2/

[MicroGuy]

Who else thinks a rebound is a sure thing over next 36Hrs?

The rebound will come when enough buyers are born to offset the massive network of merchant sellers.

Or when this entire community signs up for: https://www.bitwage.co/

[Xian01]

I wouldn't be surprised if it goes below $280 today

... you were saying ?

[cshelswell]

Sold at $1000 which is making me feel pretty happy now

[minerpumpkin]

Sold at $1000 which is making me feel pretty happy now

Good decision! But now could be a good point do buy back, at least some of the coins. Hell, if you bought back your initial stash, you'd still have most of your FIAT right now That's what I call a good deal!

[Lay-z]

any idea if there is a reason behind this chaos ?

Chief Mughawa is selling

[st4nl3y]

I wouldn't be surprised if it goes below $280 today

... you were saying ?

Only two hours late

[cshelswell]

Sold at $1000 which is making me feel pretty happy now

Good decision! But now could be a good point do buy back, at least some of the coins. Hell, if you bought back your initial stash, you'd still have most of your FIAT right now That's what I call a good deal!

Haha yep you're right. I've still kept some aside though so I'll see where it goes. Always a good idea to keep some of your stash. I learnt that the hard way!

[toknormal]

Sold at $1000 which is making me feel pretty happy now

I would not be happy selling bitcoin at any price.

It's probably one of the most valuable commodities mankind has ever created.

[vicemayor]

I'll start buying some...

... at $230.

 

It looks like $230 may arrive sooner than I expected. And, I may need to revise my predictions to sub-$100...

[cshelswell]

Sold at $1000 which is making me feel pretty happy now

I would not be happy selling bitcoin at any price.

It's probably one of the most valuable commodities mankind has ever created.

If you just hoard though they've not really got any value at all. What would you do with them other than buy and sell?

[twiifm]

Sold at $1000 which is making me feel pretty happy now

I would not be happy selling bitcoin at any price.

It's probably one of the most valuable commodities mankind has ever created.

If you just hoard though they've not really got any value at all. What would you do with them other than buy and sell?

Let the boy lose his pants.  Then maybe he'll learn a thing or two

[twister]

Well this be a good time for those who wanted to buy low. Get in while you can.

[toknormal]

If you just hoard though they've not really got any value at all. What would you do with them other than buy and sell?

Markets work when people place their own subjective value on something.

I own 44 BTC.

I used to own quite a few more which I traded against fiat, alts scams and other bullshit. I'm now done with that as I lost quite a bit.

I don't want to loose any more.

I won't be trading the rest of my BTC for anything - even if it goes to zero. I certainly won't be trading it for the US dollar because I value BTC over the US dollar.

[RomertL]

^
Lol, I'm afraid your pinup girl just ain't into you, and certainly wouldn't be seen with you in public

"Qestion:
What do you think of the libertarian movement?

Ayn Rand:
All kinds of people today call themselves “libertarians,” especially something calling itself the New Right, which consists of hippies who are anarchists instead of leftist collectivists; but anarchists are collectivists. Capitalism is the one system that requires absolute objective law, yet libertarians combine capitalism and anarchism. That’s worse than anything the New Left has proposed. It’s a mockery of philosophy and ideology. They sling slogans and try to ride on two bandwagons. They want to be hippies, but don’t want to preach collectivism because those jobs are already taken. But anarchism is a logical outgrowth of the anti-intellectual side of collectivism. I could deal with a Marxist with a greater chance of reaching some kind of understanding, and with much greater respect. Anarchists are the scum of the intellectual world of the Left, which has given them up. So the Right picks up another leftist discard. That’s the libertarian movement."--Ayn Rand Answers: The Best of Her Q&A, ed. Robert Mayhew

To be honest, I'm quite new to Ayn Rand, I'm just now finishing Atlas Shrugged and haven't red anything else yet. But I find myself agreeing to nearly 100% of the message in that book, and lot's of my favorite anarcho-capitalists like Jeff Berwick and Stefan Molyneux like her a lot. I've also heard though, that anarcho-capitalism and objectivism isn't compatible although I haven't explored why yet. What's your take on that, what's the fundamental difference? "Capitalism is the one system that requires absolute objective law, yet libertarians combine capitalism and anarchism." Well, who says there can't be laws in an anarchistic system? Anarchism means "no rulers" which is not the same as no laws. Laws can be privatized, there's whole books written about that. More interestingly, contracts made in the blockchain can be created so they can't be broken. They can be made so if a certain criteria is fullfilled, btc automatically moves from one wallet to another, making law redundant in many cases! The law is in the code and enforces itself! When Ayn Rand was still around, there was no way anybody could have predicted such a revolutionary technology. Maybe she would change her stance if she were alive today.

[twiifm]

^
Lol, I'm afraid your pinup girl just ain't into you, and certainly wouldn't be seen with you in public

"Qestion:
What do you think of the libertarian movement?

Ayn Rand:
All kinds of people today call themselves “libertarians,” especially something calling itself the New Right, which consists of hippies who are anarchists instead of leftist collectivists; but anarchists are collectivists. Capitalism is the one system that requires absolute objective law, yet libertarians combine capitalism and anarchism. That’s worse than anything the New Left has proposed. It’s a mockery of philosophy and ideology. They sling slogans and try to ride on two bandwagons. They want to be hippies, but don’t want to preach collectivism because those jobs are already taken. But anarchism is a logical outgrowth of the anti-intellectual side of collectivism. I could deal with a Marxist with a greater chance of reaching some kind of understanding, and with much greater respect. Anarchists are the scum of the intellectual world of the Left, which has given them up. So the Right picks up another leftist discard. That’s the libertarian movement."--Ayn Rand Answers: The Best of Her Q&A, ed. Robert Mayhew

To be honest, I'm quite new to Ayn Rand, I'm just now finishing Atlas Shrugged and haven't red anything else yet. But I find myself agreeing to nearly 100% of the message in that book, and lot's of my favorite anarcho-capitalists like Jeff Berwick and Stefan Molyneux like her a lot. I've also heard though, that anarcho-capitalism and objectivism isn't compatible although I haven't explored why yet. What's your take on that, what's the fundamental difference? "Capitalism is the one system that requires absolute objective law, yet libertarians combine capitalism and anarchism." Well, who says there can't be laws in an anarchistic system? Anarchism means "no rulers" which is not the same as no laws. Laws can be privatized, there's whole books written about that. More interestingly, contracts made in the blockchain can be created so they can't be broken. They can be made so if a certain criteria is fullfilled, btc automatically moves from one wallet to another, making law redundant in many cases! The law is in the code and enforces itself! When Ayn Rand was still around, there was no way anybody could have predicted such a revolutionary technology. Maybe she would change her stance if she were alive today.

Are you reading what you are writing?  Laws are enforced by the state.  You can have contracts but it's useless unless it can be enforced.  Private judicial system?  Yeah right.  Good luck trying to sue a mega corporation who fucked you over

[romerun]

it cannot drop too much that makes mining unprofitable resulting in harder time to solve blocks, and the whole thing collapses.

[panju1]

Well this be a good time for those who wanted to buy low. Get in while you can.

That was advise we received when the price neared $400.

[AceWallen]

Well this be a good time for those who wanted to buy low. Get in while you can.

That was advise we received when the price neared $400.

indeed -- there is no reason to jump in without waiting for a clear reversal. the trend is clearly down on higher time frames. hopefully we will either see a deep spike down to exhaust sellers, or we'll see a more obvious dying out of momentum. but for now (even if we have a token bounce from $270-280)... down.

[Hyena]

Made my day

[Addition]

any idea if there is a reason behind this chaos ?

Mad dump going off today for sure - Does anyone know what's behind this?

Some folks saying; Paycoin???  WTF IS Paycoin

Or is this just simply another massive volume related dump, then expected bounce back(short-term)?

Paycoin recently mooned to the top of coinmarketcap after an IPO that apparently made millions. Right now it's just below litecoin in terms of market cap, but it's dropped like a stone from it's top price. Nobody seems to know exactly how much the devs mad or if they're dumping.

http://coinmarketcap.com/currencies/paycoin2/

Cheers mate, I heard there's a lot of angry Paycoin investors because the team behind it didn't actually have credible infrastructure in place:

https://www.cryptocoinsnews.com/josh-garza-address-growing-paycoin-paybase-scam-concerns-tnabc-miami/

[Addition]

it cannot drop too much that makes mining unprofitable resulting in harder time to solve blocks, and the whole thing collapses.

6000+BTC net dump on just Bitstamp, we're at $260 now!!!! (past Hr)


Hope you're wrong about it collapsing, surely some miners are cool with hashing for a lose - they are like us expecting rebound?

I'm pretty convinced there will be a significant rebound coming to make the fiat exchangers a quick buck!

[Guido]

We broke 300 even sooner than expected, this ship is sinking faster than you will imagine.
My experience from long time successful trading is to get out as soon as you can.

we will be going down for sure but i am certain we will see 300 and above this year
1 btc bet that we see 300$ again for a bitcoin at some point this year? you say no

[premium_domainer]

300 will be back within 72 hours from now.

[pereira4]

101 long term investment textbook situation: resist the big crash or die a poor peasant.
I hope it goes to 1$ so I can have a chance to be a top Bitcoin holder if such once in a lifetime redistribution of wealth opportunity happens. People will drop millions if it goes really low so everytime it gets lower and you don't buy you are gambling with missing the big fat train.

[applesRyummy]

it cannot drop too much that makes mining unprofitable resulting in harder time to solve blocks, and the whole thing collapses.

6000+BTC net dump on just Bitstamp, we're at $260 now!!!! (past Hr)


Hope you're wrong about it collapsing, surely some miners are cool with hashing for a lose - they are like us expecting rebound?

I'm pretty convinced there will be a significant rebound coming to make the fiat exchangers a quick buck!

The volume on bitfinex is even larger. It has seen 10k+ BTC volume per hour over several hours including one 30 minute period that saw a 11k+ BTC volume. It looks like that some people are being forced to sell their margin positions

[ajareselde]

it cannot drop too much that makes mining unprofitable resulting in harder time to solve blocks, and the whole thing collapses.

6000+BTC net dump on just Bitstamp, we're at $260 now!!!! (past Hr)


Hope you're wrong about it collapsing, surely some miners are cool with hashing for a lose - they are like us expecting rebound?

I'm pretty convinced there will be a significant rebound coming to make the fiat exchangers a quick buck!

The volume on bitfinex is even larger. It has seen 10k+ BTC volume per hour over several hours including one 30 minute period that saw a 11k+ BTC volume. It looks like that some people are being forced to sell their margin positions

am i the only one here actually happy about that :] ?
i cant wait to rebuy, but not just yet, i think were about to test 250$ soon

[NotLambchop]

101 long term investment textbook situation: resist the big crash or die a poor peasant. getting married to your mistakes.
...

There.

[HeliKopterBen]

You can thank the paycoin groupies that are pushing this 1000s BTC scam that I bet is being dumped into Fiat as we speak.

It's ironic how the guy that represents PayCoin is named Josh, just as it was the case with Butterfly Labs. And guess what, both broke their promises. When I suddenly recognized the weird similarity between GAW and BFL I insta-dumped my speculative paycoins I can afford to lose.

Seeing BTC falling under 300 I insta-dumped a good portion of my hot wallet. However, I'm not holding any fiat, I bought nubits instead. NuBits is an excellent hedge against the collective downtrend of all other cryptos. Thank god I invested heavily into NuShares when they first came out, it has covered all my losses I'm having in BTC, PPC and now XPY. NuBits is like a dream come true.

Nubits is too centralized and relies on third party custodians to manage the supply, not to mention centralized exchange risk.  Bitusd from bitshares is the only legit decentralized solution with on-chain collateral. 

[applesRyummy]

it cannot drop too much that makes mining unprofitable resulting in harder time to solve blocks, and the whole thing collapses.

6000+BTC net dump on just Bitstamp, we're at $260 now!!!! (past Hr)


Hope you're wrong about it collapsing, surely some miners are cool with hashing for a lose - they are like us expecting rebound?

I'm pretty convinced there will be a significant rebound coming to make the fiat exchangers a quick buck!

The volume on bitfinex is even larger. It has seen 10k+ BTC volume per hour over several hours including one 30 minute period that saw a 11k+ BTC volume. It looks like that some people are being forced to sell their margin positions

am i the only one here actually happy about that :] ?
i cant wait to rebuy, but not just yet, i think were about to test 250$ soon

The decision to short bitcoin just under the 300 level was obvious. It was not clear that we would actually break through 300, but if we did then it would be almost certain that it would go significantly farther down. I would expect to see a few more days of heavy downward pressure on the price until it starts to rebound.

I am still pondering when I should hope to cover my short position and buy bitcoin to withdraw to my own wallet

[g35fan]

...and it will rebound - just like back in the beginning of October and the drop to 275. A few days later back to $340 range then over $400 2 weeks after that.

[smoothie]

We broke 300 even sooner than expected, this ship is sinking faster than you will imagine.
My experience from long time successful trading is to get out as soon as you can.

oh really? Never to see 300 again?

Quoted for posterity. 

[RomertL]

^
Lol, I'm afraid your pinup girl just ain't into you, and certainly wouldn't be seen with you in public

"Qestion:
What do you think of the libertarian movement?

Ayn Rand:
All kinds of people today call themselves “libertarians,” especially something calling itself the New Right, which consists of hippies who are anarchists instead of leftist collectivists; but anarchists are collectivists. Capitalism is the one system that requires absolute objective law, yet libertarians combine capitalism and anarchism. That’s worse than anything the New Left has proposed. It’s a mockery of philosophy and ideology. They sling slogans and try to ride on two bandwagons. They want to be hippies, but don’t want to preach collectivism because those jobs are already taken. But anarchism is a logical outgrowth of the anti-intellectual side of collectivism. I could deal with a Marxist with a greater chance of reaching some kind of understanding, and with much greater respect. Anarchists are the scum of the intellectual world of the Left, which has given them up. So the Right picks up another leftist discard. That’s the libertarian movement."--Ayn Rand Answers: The Best of Her Q&A, ed. Robert Mayhew

To be honest, I'm quite new to Ayn Rand, I'm just now finishing Atlas Shrugged and haven't red anything else yet. But I find myself agreeing to nearly 100% of the message in that book, and lot's of my favorite anarcho-capitalists like Jeff Berwick and Stefan Molyneux like her a lot. I've also heard though, that anarcho-capitalism and objectivism isn't compatible although I haven't explored why yet. What's your take on that, what's the fundamental difference? "Capitalism is the one system that requires absolute objective law, yet libertarians combine capitalism and anarchism." Well, who says there can't be laws in an anarchistic system? Anarchism means "no rulers" which is not the same as no laws. Laws can be privatized, there's whole books written about that. More interestingly, contracts made in the blockchain can be created so they can't be broken. They can be made so if a certain criteria is fullfilled, btc automatically moves from one wallet to another, making law redundant in many cases! The law is in the code and enforces itself! When Ayn Rand was still around, there was no way anybody could have predicted such a revolutionary technology. Maybe she would change her stance if she were alive today.

Are you reading what you are writing?  Laws are enforced by the state.  You can have contracts but it's useless unless it can be enforced.  Private judicial system?  Yeah right.  Good luck trying to sue a mega corporation who fucked you over

You don't get it, do you? This is why btc is so cheap, not even people on forums like this understand the true potential. OK, I'll give you an example: person A wants to sell his house to B. They agree upon a price and a smart contract is formed. B transfers the price in btc to a certain wallet where it will be locked in until one of two things can happen: 1: A transfer the ownership of his house to B in the Blockchain which AUTOMATICALLY activates a transfer of the btc from the wallet to A:s personal wallet. OR A fail to transfer the ownership in one week which makes the btc bounce back to B: personal wallet.

Another example: Hey company A, I can implement a system that will increase sales with 10% for February. It costs x btc. A smart contract is formed that monitors all the wallets that A uses for sales. If its up more than 10% from previous year, btc is automatically transfered to B for their service. This is technology that already exists, and those contracts can be immensely more conplex. Do you see now how in a btc world, it's not optional to follow contract, the contracts enforces themselves! Would Ayn Rand have had a different attitude towards anarcho-capitalism with access to a tech like that? We will never know.

[Nagle]

People are overreacting to the drop below $300 in the last 24 hours. There's been about ±$50 noise in the price of Bitcoin for months.

However, they've been under-reacting to the year-long slide from $1100 to $300. There's been a huge amount of denial about that.

[twiifm]

^
Lol, I'm afraid your pinup girl just ain't into you, and certainly wouldn't be seen with you in public

"Qestion:
What do you think of the libertarian movement?

Ayn Rand:
All kinds of people today call themselves “libertarians,” especially something calling itself the New Right, which consists of hippies who are anarchists instead of leftist collectivists; but anarchists are collectivists. Capitalism is the one system that requires absolute objective law, yet libertarians combine capitalism and anarchism. That’s worse than anything the New Left has proposed. It’s a mockery of philosophy and ideology. They sling slogans and try to ride on two bandwagons. They want to be hippies, but don’t want to preach collectivism because those jobs are already taken. But anarchism is a logical outgrowth of the anti-intellectual side of collectivism. I could deal with a Marxist with a greater chance of reaching some kind of understanding, and with much greater respect. Anarchists are the scum of the intellectual world of the Left, which has given them up. So the Right picks up another leftist discard. That’s the libertarian movement."--Ayn Rand Answers: The Best of Her Q&A, ed. Robert Mayhew

To be honest, I'm quite new to Ayn Rand, I'm just now finishing Atlas Shrugged and haven't red anything else yet. But I find myself agreeing to nearly 100% of the message in that book, and lot's of my favorite anarcho-capitalists like Jeff Berwick and Stefan Molyneux like her a lot. I've also heard though, that anarcho-capitalism and objectivism isn't compatible although I haven't explored why yet. What's your take on that, what's the fundamental difference? "Capitalism is the one system that requires absolute objective law, yet libertarians combine capitalism and anarchism." Well, who says there can't be laws in an anarchistic system? Anarchism means "no rulers" which is not the same as no laws. Laws can be privatized, there's whole books written about that. More interestingly, contracts made in the blockchain can be created so they can't be broken. They can be made so if a certain criteria is fullfilled, btc automatically moves from one wallet to another, making law redundant in many cases! The law is in the code and enforces itself! When Ayn Rand was still around, there was no way anybody could have predicted such a revolutionary technology. Maybe she would change her stance if she were alive today.

Are you reading what you are writing?  Laws are enforced by the state.  You can have contracts but it's useless unless it can be enforced.  Private judicial system?  Yeah right.  Good luck trying to sue a mega corporation who fucked you over

You don't get it, do you? This is why btc is so cheap, not even people on forums like this understand the true potential. OK, I'll give you an example: person A wants to sell his house to B. They agree upon a price and a smart contract is formed. B transfers the price in btc to a certain wallet where it will be locked in until one of two things can happen: 1: A transfer the ownership of his house to B in the Blockchain which AUTOMATICALLY activates a transfer of the btc from the wallet to A:s personal wallet. OR A fail to transfer the ownership in one week which makes the btc bounce back to B: personal wallet.

Another example: Hey company A, I can implement a system that will increase sales with 10% for February. It costs x btc. A smart contract is formed that monitors all the wallets that A uses for sales. If its up more than 10% from previous year, btc is automatically transfered to B for their service. This is technology that already exists, and those contracts can be immensely more conplex. Do you see now how in a btc world, it's not optional to follow contract, the contracts enforces themselves! Would Ayn Rand have had a different attitude towards anarcho-capitalism with access to a tech like that? We will never know.

I take it you've never had a mortgage or signed any contracts in your life

[mmortal03]

It went above 300 again today, so the OP was wrong.

[smoothie]

We broke 300 even sooner than expected, this ship is sinking faster than you will imagine.
My experience from long time successful trading is to get out as soon as you can.

oh really? Never to see 300 again?

Quoted for posterity.  

A whole 5 days = forever lol

OP was so wrong hahaha

"My experience from long time successful trading..."

Yes we see your "skillz" there lol

[karolina]

Wow, OP was so wrong lol. Clown....

[traderwin]

300 will be back within 72 hours from now.

Great prediction.

[seoincorporation]

Powerfull $300!!

But i want it back to $600, that was a good price for me... Hold is the option now, only time will fix it.

[chesthing]

OP, how does it feel to be proven wrong within 4 days? you fuckin' chimp.
I just wish I had picked up more in the $260s.

[Blazin604]

Where are we headed from here?

[smoothie]

Where are we headed from here?

Forward 

[nauane]

Powerfull $300!!

But i want it back to $600, that was a good price for me... Hold is the option now, only time will fix it.

We will get there. We will be patient... $600 or more

[Nagle]

Where are we headed from here?

Probably sideways until it becomes clear if Bitstamp is going bust.

[sonofacoin]

Where are we headed from here?

Probably sideways until it becomes clear if Bitstamp is going bust.

Have a look at the price TA I have been doing. https://bitcointalk.org/index.php?topic=869082.0

We are in a very strong falling wedge with no real attempt to break up. There will be bumps along the road where traders can make some money. But like someone mentioned here, big money has shifted from bullish to bearish making money on Shorts or Puts.

Eventually, we will see these same players going into Calls and creating long bullish positions. And with the coins being harder to mine, you will see a bigger rally. And rinse and repeat.

Someone else mentioned that Microsoft and other big companies are accepting Bitcoin and that for that reason it will never die. I think they are just targeting a audience, and it doesn't mean they believe in the coin.


The true value of the coin is not it's price. Have and hold one or two or five coins now. And thank the Blockchain later in 5-10 years. Yes, Five to Ten years.

[sobitcoin]

Where are we headed from here?

Probably sideways until it becomes clear if Bitstamp is going bust.

Have a look at the price TA I have been doing. https://bitcointalk.org/index.php?topic=869082.0

We are in a very strong falling wedge with no real attempt to break up. There will be bumps along the road where traders can make some money. But like someone mentioned here, big money has shifted from bullish to bearish making money on Shorts or Puts.

Eventually, we will see these same players going into Calls and creating long bullish positions. And with the coins being harder to mine, you will see a bigger rally. And rinse and repeat.

Someone else mentioned that Microsoft and other big companies are accepting Bitcoin and that for that reason it will never die. I think they are just targeting a audience, and it doesn't mean they believe in the coin.


The true value of the coin is not it's price. Have and hold one or two or five coins now. And thank the Blockchain later in 5-10 years. Yes, Five to Ten years.

Marketing =)  As a tech company, or really any business with anything to do with computer hardware/software/or services, you would almost be crazy not to.  Accounting is manageable, risk is almost nothing for a merchant, set up in minutes, less fees, attract the already accepting bitcoin community, separate yourself from competitors that are old and boring, give yourself an innovative image, potentially learn some loyalty points, and referrals from educating customers who spread the word... All for, really no (or very little) investment... Volatility worries gone... just pure opportunity.

[spazzdla]

Exchanges shutting down.

Everyone that accetps BTC instantly sells.

Many places that accepted BTC stopped.


This is not bullish in the slightest.

[Brewins]

Where are we headed from here?

Probably sideways until it becomes clear if Bitstamp is going bust.

I say down while people have no reason to believe that Stamp will goes back

[fishy91]

Where are we headed from here?

Probably sideways until it becomes clear if Bitstamp is going bust.

I say down while people have no reason to believe that Stamp will goes back

I say up and down between 270 and 320 until the bitstamp thing's over.

[mlferro]

Where are we headed from here?

Probably sideways until it becomes clear if Bitstamp is going bust.

I say down while people have no reason to believe that Stamp will goes back

I say up and down between 270 and 320 until the bitstamp thing's over.

yes I agree, the numbers in the exchanges are within this range

[H1N1]

We broke 300 even sooner than expected, this ship is sinking faster than you will imagine.
My experience from long time successful trading is to get out as soon as you can.

Year and a half later...zzz