wow ... 7 billion people on this planet ... this is the major forum for bitcoin ... and this is the major thread for ongoing price discussion ... and nobody even bothers to post in several hours ... silence speaks volumes ... nobody cares anymore ... the only involved people left are the fanatics ... everyone else is back to living in the real world ...

a million people using bitcoin out of the global population is 0.000142857 % ... according to my math ... do explain how that counts as a mass adopted global currency ...

yes obviously i am stupid / have nothing else better to do ... also 1.000.000 / 7.000.000.000 does equal 0.000142857 ... check your calculator if you don't believe me ...

"Eeeeeverybody get together try to love one another riiiiight now" ~ yardbirds ... i honestly do wish the world worked that way but every single experience with jobs and investing in the capitalist economy has told me otherwise ... this world is hellish and predatory eat or be eaten ... makes me physically sick to know i'm part of the human race ...

this is very true ... it is so so simple and very easy to do tiny tiny nothing buys to make the candle go green for a given time period or red for a given time period ... but usually fake green and work it up barely barely little by little with nothing buys to fake support and then as soon as buy orders are put into place ... WHAM SLAM big big sells .. that's why you see nothing volume for most of the time and big whopping red spikes daily ... has been the ongoing pattern for quite a while ... it's blatant ...

just because you bleed and sweat doesn't make you human ...

because the rational thing to do in an information society is to block out any information which contradicts your current world views as has been beaten into your skull through propaganda ...

HAHAHAHA and then Satoshi will be crowned grand royal god emperor of earth ... oh wait ... he's a non-existent person made up for the sake of anonymity of the *actual* dev(s) of bitcoin ... aaaaand all for the sake of a massive pump dump fraud game ... but yeah honestly i seriously do not want bitcoin to succeed ... despite my btc holdings ... success for bitcoin and failure of the usd would invalidate the entire accumulated wealth of my family ... in excess of millions of dollars due to early microsoft investment and large landholdings ...

ooo but my very favorite bs is the *constant* "it's a good time to buy cheap coins!" it's never a good time to sell only a good time to buy and hold ...

that bear driving the flaming car is always funny ... it's just perfect somehow ...

The herd says dollars = dollars and btc doesn't matter ... even 6 years later ... seriously ... anybody i ever talk to about btc thinks im a fucking crazy person ... that's a hellllllluva looooooot of time for any sort of mass adoption to occur ... but if it ever is valued in the 6 figures well whoopdie fucking do i'm a millionaire for absolutely no reason at all besides i know about this ridiculous thing ... meanwhile the entire global order will have collapsed in order to cause that and a million dollars will be meaningless and we'll all be living in violent anarchy ... btw as soon as i saw the tv ad for applepay the exact words that came to mind were "ohhh fuck this is going to kill bitcoin for sure"

cucumber wata for customer only !

was curious the other day as to what the global illicit drug trafficking statistics were ... yknow ... since that's probably the only better real world use for bitcoin vs other transaction methods ... and wiki puts it at between 400 billion usd and 4000 billion usd (it being somewhat difficult to estimate such things) ... per year ... putting it in the same league as the oil/petrochemical industry , food supply industry , arms industry ,  etc ... yeah i was shocked at how huge a number it is too ... global economy total production is what? ... 72 trillion a year and illicit drugs make up perhaps as much as 4 trillion of the 72 ... so if you folks want to know what will save bitcoin ... it'll be when major multinational drug cartels decide to adopt bitcoin instead of ... yknow ... duffel bags of cash and crates of guns ... a couple trillion dollars a year of trafficking trade volume would probably push the price up huh ? ... at this point i'm pretty sure that's what can do it , not mass adoption ...

personal basic life goal - separate myself from dependence on the system - live like a space station on earth - solar - hydro food - full recycle repurpose - stuck in america so basic property taxes which does cover fire dept garbage service etc - but other than that zero allegiance zero dependence - political independence in as much as is possible - i'm ready for the zombie apocalypse / oil apocalypse / currency apocalypse - are you?

reason for latest no news jump - houbi went down temporarily (intentionally? you sick corrupt insider trading fucks) - predatory manipulators (inside traders?) pump on stamp and finex - intentionally jam the price past 1500cny so when houbi comes back online they're forced to buy to above 1500 so they can arbitrage to stamp and finex - suuuuuper obvious that's what happened the last hour - and now desperately attempting to puch past 250usd as the traders on houbi chase from behind - but hey i don't really give a fuck at this point what the latest hype lie manipulation is you're making me money

yeah who gives a shit why at this point its gone down so long so consistently those of us who have coin don't give a fuck if the exchanges books are cooked temporarily shutdown intentionally data blocked "fractional reserve" traded fucking willy bot fake buy that shit for all we care ... the world is corrupt so why not btc too ... fucking cook it

i'm personally 10:1 / cash:btc which is my maximum risk level in i'm willing to go ... nice to have scraped the latest bottom but no way i'm putting more in at this point ... just watching the gains now and looking for the eventual cliff dive ... hoping for sunshine preparing for rain ...

Yeah I'm comfortable at this point pretty much ... good buy in price vs where we are right now ... it'd have to rock pretty hard down now for me to lose out ... i've been 10:1 - 20:1 or 100% fiat for most/all of this last years bear market so I'm pretty damned good at not *losing* lots of money ... seems nuts to me to put 90% eggs in one basket but hey you'll win a lambo i'll win a honda if we're both right and it keeps rocking up from here forward ... so i'm gaining enough for me and wish you luck ... you need it more than me ... 250 seems a natural # to attempt to hold it at for the next week or two perhaps ... there or backwards to the lower 2s ... also btw bitcoin is not where all my investment dollars are tied up in by a long shot ... real estate gold silver diamonds guns bonds and exxon stock make up the rest of my "portfolio" at this point ...

I certainly do not have most of my wealth in usd ... maybe i was not really clear with 10:1 - 20:1 - all fiat as my cash/btc balance ... fiat/btc makes up less than 15% of my net ... with basically the last year spent shielding myself from losses in btc by being mostly/all fiat switching in and out as seemed appropriate to do ... the rest is tied up in real estate gold silver diamonds guns bonds and exxon stock ... overall btc makes up like 2-3% of my net ... it's obviously highly speculative so ... yeah ... that's a good conservative ratio for me ... i'll not be getting extremely wealthy from btc but i'll not be losing my ass either ...

-hardest known material with industrial application plus shiny for jewelry ... people do still get married yknow ... they have gained in value ... though not rapidly and not recently ... less than 1% of net ...
-bonds have made me money as well roughly 0.5% - 1% a year ... safe easy money i don't need to pay any attention to ... make up 1-2% of net ...
-guns is more of a collection ... some would count as antique art ... the others serve to protect the physical metals and yknow ... my person ... cops won't help you in a home invasion ... have you ever had a gun held to your head ? ... i have ... so i consider them money well spent ... the value of firearms have actually increased quite a bit as material costs have gone up and manufacturers jack the prices up accordingly ... maybe 2% of net
-my exxon stock has split 4 times since i've owned it and gained in value double digit %s as well ... exxon is last i checked the largest global petrochemical / energy company in the world ... not just oil ... large industrial infrastructure extremely different from ENRON which was basically an improperly (illegally) run futures trading market ... actually exxon and enron couldn't be much more different ... it has done very well so well i rarely check it ... 5% of net

... 15%fiat/btc never greater than 10:1 cash:btc ... 1% diamond 1% bond 2% gun 5% exxon 5% gold/silver ... with the remaining 70ish% real estate (which has tripled since grabbing all of that after us real estate bubble burst in 08/09) ... i'm doing just fine with my almost all solid physical conservative investments ... don't you worry about me ... i'm at low %s on the slow stuff ... low %s on the speculative ... mostly real estate and well timed ... but seriously i wish you luck if you've got more than 50% of your money tied up in a speculative ledger currency that has established the bulk of it's value in the last couple of years ... don't take your eyes off the screen ...

giggidy

that's some serious friggin gold ... or зoлoтo (zoloto) they'd call it in russia ...

eggs in many baskets friend eggs in many baskets ... and i'm *not* advising anyone to do anything ... though i will say ... diamonds are still 1000x more expensive to produce artificially than to mine and they have industrial and artistic purposes ... guns have a practical real world purpose and are no worse than collecting classic cars antiques or art ... bonds are free money so long as your local government doesn't fail completely in which case you have much bigger problems than what % your investments made today ... and yes i wouldn't advise anyone to invest in any stocks that are not shares of extremely well established companies that fill necessary infrastructure needs of the global society ... gold and silver are quite volatile actually but overall have been excellent over the last 10 years ... they also have aerospace industrial and artistic value ... i've never lost any money on any of these things and in a year+ long bear market that's lost 80%+ of it's value (aka bitcoin) i've managed less than 0.5% loss of my net worth as a result of any involvement in bitcoin much of which has been finally made back after scraping the sub 200 / 200+ recent lows and all of which has been negated by gains in everything else ... so yeah ... i'd argue it's ridiculous terrible advice to put more than a few % of your net worth into a highly speculative experimental technology that has proven hyper volatile throughout its entire whopping 5+ year history ... but hey i suppose you'd consider me a neanderthal style scum sucking bottom feeder buying in anything i can at whatever point something craters then watching "recovery" gains in addition to buying safe things i can physically possess which can gain value ... it's worked out well for me so far ...

right ... because some random reddit readers have millions in liquid capital sitting on the exchanges and were able to jam the price upwards 10% in less than a day in a coordinated fashion ... ha ... derrrr ... if you're not lying to others about btc at this point , you're lying to yourself ... in any case their money is still good and i'm happy to take it ...

right .. could be ... of course that was yet another hype lie ... mcdonalds has of course zero plans on doing anything at all with btc would be my *guess* ... they are a brick and mortar business and *fast* food to boot so they don't have any reason to inconvenience themselves with dealing with btc ... the valentines day thing was paying for your burgers with hugs or calling your family on your phone and telling them you love them or some such nonsense which was basically used to make free commercials without actors ... this was of course immediately jumped on by the btc fanatics since it had the words pay and phone in the same sentence ... the buy the hype sell the news pattern is because loooots of the rumors are false fabricated bs and the reality of the real news , when it's real , hitting and then nothing happening pricewise afterwards confirm the fact that the news didn't actually matter ... only what $ goes in/out matters ...

holy shit what is that bull doing with the bear ?!?!

looks like that penguin got wrecked 

ooo man for real that penguin got its feathers fucked right off !    just now stopped laughing my ass off on that one ... someone ought to make a meme picture off that one ... if ever there were an appropriate pic for when bitcoin goes wrong ...

weeee thanks for the money dumb dumbs ... but seriously just keep it jamming up ... or yknow down ... like it's supposed to be doing with zero real news ... but whatever ... believe the stupid hype lies / throw money at a senseless needless pump ... throw your millions at it ... free money for me ... i almost feel bad making money like this when im a "non believer" ...

sooo hey im a little lost on the ccmf abbreviation - is that "closed casket mother fucker" - as per urban dictionary or some other meaning - just asking

ooooo K gotcha gotcha that does make sense ... though closed casket mother fucker would fit pretty good too hence my confusion ... as in someone got shot in the face so bad they had to have a closed casket as per getting badly screwed in a volatile market ... but choo choo works better than closed casket i suppose ...

BTW I *highly* recommend "Snowpiercer" ... it's perhaps the best movie i've seen this year it's post apocalyptic and it's all on a train ! you'll love it ... i assure you ...

derpa derpa derrrrrrp 20% $50 ish rise in 1 day on zero news at all and now we rock back down (of course) ... just a question of if / how far past we go back below 200 ... $20 loss in the last couple hours ... we'd be at $0 in the next 12 hours if it continued to lose value at the rate it has been dumped ... currency of the future !

oooo no worries i only got robbed of 90,000 ish PRT on bter... so like 0.0045 btc ... much worse was mintpal which robbed me of like 2 btc in value ... so yeah ... i've literally been robbed twice by *trusted* exchanges at this point ... just let that sink in for you all ... i ... a random trader ... have been robbed *twice* not by scams but by so called legit exchanges ... gooooo bitcoin !

drop it drop it drooooooop it like its hooooooo awt ! who gives a fuck how or *why* ... hacker thieves or thief exchange operators makes no difference to consumers / traders ... what the truth is is that people , lots of people , are fucking screwed over continually and robbed badly almost weekly at this point ... and why ? ... because it's easy ... because it's anonymous ... because there is no recourse for lost coins ... because there is no regulation ... no safety net ... because this is all a joke ...

yeaaaah it's important to remember that there are like ... a couple thousand people ... like less than 5000 people ... who were involved in bitcoin in the sub $2 land when it was totally unknown when there was zero press zero exchanges zero merchant acceptance zero infrastructure and zero purpose for it ... and there's like now hundreds of thousands of victims investors now ... so it's critically critically important that those people who own tons of btc for zero investment continue to convince everyone else it's worth *anything* at all ... the vast majority of people who are not the core base super early fanatics have lost ... and lost badly ... simple ... obvious ...

i have no idea what im doing but i know im doing it really really well

yuuuup sold at 260 as well ... well ... most of my holdings anyway ... sorry folks but when this thing can go up 20% in a day down 10% in 1 hour ... the *entire* value is solely being supported by those with extreme vested interests ... think of it like this ... is it worth it to drop 20K or 50K or 100K into supporting the price $10 higher than current value for an hour or two ... the answer is yes only if you have 2000 5000 or 10000 coins (or more , lots more) ... and that's the only kind of money that makes the market move at all or even stay at status quo ... these people are highly highly btc heavy and will dump lots of dollars in at this point to protect their btc value (which they can't easily liquidate without crashing the market instantly) ... it's a 3 billion market cap market that can be crashed to 0 with one 5 million $ cashout ...

Your statement that life is not fair and if people don't like it tough shit is arrogant elitist and offensive. Your other statements on how you wish life were fair come across to me as completely ingenuous. If we ever have a revolution , a real revolution , not the 60s hippy bullshit revolution , people like you (i am *assuming* you are rich) will hang from the lampposts. How about all the workers poor aka the majority of all the people go to city hall pour gas on themselves and flick that lighter ? No more slaves and the elites have their shiny marble covered in burnt guts sounds like how life should be huh ? Fuck you sicko.

that the rich in general have acquired their riches on the backs of the workers / at the point of a sword / actual slaves - yes they do deserve to be punished

every day - every city hall -1 by 1 - until the shame of death for power consumes them - if need be

that comes after the police refuse to protect them and they come out from behind the gates to apologize

The deal is you can *always* draw a triangle using the ath and atl points of a market ... and make it falsely look as though aaaaany time now it'll reach a stabilization breakout point ...

i look forward to a wonderful enlightened world where the quality of life for all people is elevated and where all businesses are required by law to operate for the benefit of *people* and not for the sake of extracting profit from the society they prey upon ...

Jesus can't even save us now ... but i like the quote ...

i weep for the future of humanity ... but you especially ...

you are literally quoting a commercial statement from a commercial the was made to sell iwhatnots ... from a multi billion dollar company ... and im not saying they make bad shit ... their shit is good ... but that statement has NOTHING to do with actual tech innovation ... and even less to do with any kind of rebel genius mindset ... and was NOT made at a time when innovation was the primary function of apple ...

yeah except we cant get out of the capitalist system - make money or starve to death are the 2 choices presented to us

bitcoin is perfect - so long as you never trade it on any exchange for fiat cash or ever use it on any online gambling sites or any games whatsoever or ever use any escrow service at all or basically use it to buy anything - it's 100% safe - all you have to do is keep it on your flash drive and never use it !

just had a fun thought ... when all of the exchanges "get hacked" / shutdown / fold ... what exchange will they be able to dump their stolen coins on ?

yeah its bad ... very bad ... but really what do you expect ? ... the price was jacked up $40 in 1 day for no reason at all (possible bter based pump using stolen fiat pump prior to total theft of fiat and btc) ... after barely staying above 200 for the last week ... and jammed back down the entire gain in less than 1 hour ... and all this with zero actual positive news at all ... only lies about mcdonalds valentines day promotion and lies about google ... meanwhile we're still in the aftermath of the coinbase insider trading pump dump which was based on false promises of a truly regulated US exchange (available to like ... 20% of the us pop ... since most of the major population states have NOT granted money transmitter license ) ... and meanwhile we're all anticipation a huge drop with the eventual sale of the confiscated Silk Road coins which should happen within the next couple weeks ...

The exact words that came to mind when i saw the TV ad for applepay were "ooohhhh fuck this'll kill bitcoin for sure" ... sorry folks but people in the billions will flock to that type of service as will all of the merchants ... it's just easier to use a phone based prepaid account using the phone you already have and the currency you already have than to bother fucking with all the ridiculous by comparison hassles of buying/storing/spending bitcoin ...

im a tech savvy genius level person and capable of using bitcoin (obviously) and it is so totally and completely obviously complicated *versus* a simple prepaid phone based payment app it's laughable ... and i recognize the fact that most people will choose the path of least resistance ... which is the latter of the options between bitcoin and applepay style service ... note *type of service* is what i said ... as in ... for example ... an app similar to applepay that works on all smartphones is what i see as a likely next step if apple refuses to put out their applepay app to all other platforms other than ios ... bonus points for the app that automatically converts your prepaid balance into whatever the local currency is via geo location ... also you do know apple sold like 100 million *new* iphones last Q right ? as in like 100X as many iphones sold as people who possess any amount of bitcoin ? thats in 1 Q and thats the brand shiny new expensive 6th gen ones ... that's not counting all the previous gen ones already out there ... at this point it's like what ? every 10th person on earth has an iphone ... everyone else is either living in the dark ages or has a different brand smartphone with a small minority of the developed world still using their shitty old cellphones ... even most poor people can afford a used smartphone for $30 ... apple or not smart phones are nearly ubiquitous and an applepay style app will be available to everyone ... come to think of it a used iphone is a lot cheaper than any device capable of receiving storing and transmitting bitcoin ... hmmm ...

cooked to the upside cooked to the downside ... i wouldn't be at all surprised if the great majority of the volume and ask and offer orders conducted on these unregulated exchanges is being done by the exchanges themselves ... which has been repeatedly evidenced every time one of them goes down and shows the "actual" book ...

arguing on the internet is like competing in the special olympics ... even if you win you're still retarded ...

awwww man what the fuck ... we either need serious drug cartels coming on board to transfer wealth between each other or we need an eccentric billionaire to drop tons (literally) of dollars into btc or we need another gox fraudulent exchange willing to spend non-existent dollars to jack the price up 100000 % ... i want free money and lots of it ...

re: dissent on bitcoin quiet for a few pages ... why bother constantly reminding you bunch of fanatics that bitcoin has been in a death spiral downwards for over a year ever since karpeles used a billion non existent dollars to falsely manipulate the price to the highs we saw while robbing the planet of 650,000 bitcoin ? or remind you of any of the other dozens of intentional exchange thefts ? of any of the other obvious extremely bad aspects of what bitcoin fundamentally is or has become ? you greedy and desperate fuckwits just cry bullish bullish bullish blah blah blah good buying opportunity to the moon oooo look at this line it says buy now etc etc etc ad-nausea-um even to the point of constantly making new threads in a fairly obvious concerted attempt to bury negative posts regardless of what anyone says and regardless of facts in front of your faces meanwhile actively encouraging people to ignore anyone who doesn't also praise bitcoin like it's the fucking messiah and a bunch of you have presumably actually put everyone else on ignore who doesn't praise bitcoin like you do ... those of us with our heads not firmly up our assess only have so much energy and time to expend trying to inform people of your lies and delusions ... i know i'm sick of it ...

*disclaimer
i have made thousands of dollars with bitcoin and do hold bitcoin in the double digits today and actively trade it - my signature i haven't bothered to change in well over a year ... probably i should ... huh ?

Public Service Announcement (For Anyone Here Who Is Actually New):

All individuals considering spending any amount of money purchasing bitcoin critically need to understand several important key things about what bitcoin is and how and what other individuals with vested interest in bitcoin will say on this and other forums and "trollboxes" aka exchange chat rooms. The first thing to understand about bitcoin is that millions of bitcoins were produced or "mined" by a very small group of individuals in the first year to two years since the release of the bitcoin software, which was not widely publicized. During this time there was basically no wide scale press announcements, no merchant acceptance, and zero to little monetary value, in fact there were actually no exchanges whatsoever, and there was not any specialized hardware to produce bitcoins with. Of course, it became evident to some that it would be possible to use bitcoin as a "pump and dump" finance mechanism, since bitcoin is denominated in units as other real commodities are, and had a very low value when compared to other commodities. Some primitive exchanges were introduced at this time, and the very beginnings of merchant acceptance began popping up, as the price actually was pushed to dollar equivalency using real money. The first legitimate bubble took the price quickly from $1 to $2 to $32, and then in short order back to $2. It took another 3 years for the price to recover to around $20 in value, as public awareness of the existence of bitcoin slowly grew, and new money flowed in. It was during this time that a darkweb site known as "Silk Road" was operated based on bitcoin, which sold illegal drugs, weapons, child pornography, prostitution, assassinations for hire, and quite possibly funded terrorism. The price rose to roughly $100 per bitcoin as the demand for these horrific products and services was satisfied, and drug money was pumped back into bitcoin. This is also when the computational arms race truly kicked into high gear and powerful gaming rigs with multiple graphics cards dedicated to producing bitcoins were replaced by application specific integrated circuits, or ASICs as they are commonly known. Thankfully, the Silk Road was eventually shutdown - the price of the bitcoin dropped immediately and sharply (though today reincarnations of this dark bazaar now exist). The next critical step forward for bitcoin came in the form of an exchange known as MtGox, which was operated out of Japan by an individual by the name of Mark Karpeles. It was, at the time, the world's largest bitcoin exchange. In the fall and winter of 2013 MtGox fraudulently used an estimated one billion dollars in falsified capital (fake money) injected into their own exchange to illegally purchase an estimated 650,000 bitcoins from their customers off of their own books, and subsequently drove the price from roughly $100 to over $1200 per bitcoin. The exchange closed, citing "hacking" as the reason for their failure to continue to operate, and has to this date not returned to their customers any of their national currencies or bitcoins. At the time of the exchange closure, the approximate "real" market value of the stolen bitcoins approached $700,000,000. Mark Karpeles remains at large. In the aftermath of this massive scandal, the price of the bitcoin plummeted, and has been in a continuing downtrend ever since. To date there have been dozens of other real and alleged hacks and exchange closures frauds and ponzi schemes based on bitcoin, with losses to consumers in the tens of millions of dollars. The true identity of the creator of the bitcoin software is unknown and has been the topic of much debate. It is estimated that this individual possesses nearly 1 million bitcoins, of the roughly 13 million currently in existence, and 21 million total that will ever be produced.

In regards to what people on this forum, other forums, and chat rooms aka "troll boxes" will say to you, it is important to understand that there are a small number of individuals who have made ungodly sums of money from this thing, and there are others who have lost severely. Those with large sums of coins and have the most to gain and to lose with bitcoin typically acquired their bitcoins by purchasing them in the single digit $ range, or by producing them for free within the first year of the release of the software, when it was possible to produce hundreds of bitcoins per day with a simple laptop, or they spent a great deal of money acquiring their coins and may or may not be at a profit at this point in time - these individuals want for bitcoin to gain in value and for you to pay them for the coins they wish to sell, some out of a desire for continued profit, and some out of a desperate desire to recoup losses. Also, it is important to note that at this time, bitcoin is allowed to be traded with "short" and "long" positions on some exchanges, which to put simply means to place a bet leveraged or otherwise on whether the price will move upwards or downwards, much as derivatives markets are traded, and therefore some individuals actually stand to make a profit from the price of the bitcoin going down. Also of critical importance to potential investors is to note that bitcoins are being produced daily, at an exact rate of 3600 coins per day - if all of these produced coins are sold daily it represents a sell pressure of 3600Xcurrent market value, a not insignificant amount. Also of important note to potential investors, is today's prevalence of "bot traders" - put simply, there are automated trading programs being run on each and every exchange currently in operation, which buy and sell 24/7/365, some with deep pockets and large amounts of bitcoins. The people and bots being run by people (and some would argue, bots being run by the exchanges themselves) who possess large amounts of bitcoin and or huge fiat capital are capable of supporting and moving markets. A good piece of advice at this point to anyone interested in bitcoin is trust no one. Trust only what facts you are able to independently verify through your own research.

wasn't going to bother to post today at all what with no news and no movement but ... thanks for lumping me in with those folks (some of which are clearly nutters) ... even though i hold a double digit amount of bitcoin ... and actively trade ... and have made money off bitcoin ... i guess i deserve to be ignored because i remain critical of the numerous negative aspects and events re bitcoin ... but you see folks it's important to some to encourage people to ignore anyone who criticizes bitcoin in any way shape or form (because otherwise people would see it being criticized daily) ... better that people jam their fingers in their ears yell lalalalala and only see the positive posts right ? ... i consider telling people to ignore anyone to be intellectually dishonest and offensive ... and i personally have not and will not ever ignore anyone on this or any other forum ... you're only shutting yourself off from opinions and information that conflict with your established opinions by doing that ... also i don't usually bother to filter my thoughts as i type so i'm sure my posts come across as unnecessarily harsh when criticizing bitcoin and/or nonsense posts (especially when drinking  ) ... sorry about the honesty ...

yyyyaaawwwnnn ... thanks for the profits for no apparent reason ... back to nada volume sideways down until the next eventual slam down ? ... when the fuck do i get my yacht ? ...

well that'd do it ... actually i think that'd do it for like 10 yachts ... 

stamp is currently trading at a constant lower price for a few weeks now , i would assume because people still do not trust that it is solvent / being ethically run and not about to gox them and disappear after the 19,000 btc "hack" plus they've never made an internal audit public ... thus people do not have as much willingness to trust their fiat or btc on it / much has already been withdrawn to other exchanges / loss of customers leading to lower volume and sellers and buyers thus trading at a comparative discount vs the other more trusted higher volume exchanges ... also if their books are fucked / the exchange is underwater they may as a result not be buying coins off their own exchange at this point in an effort to return to solvency or a desire to minimize their btc exposure , while other exchanges which are solvent may well be internally buying , which of course would cause higher prices on those solvent exchanges ... my trust is with coinbase at this point ... what with major investor backing and insurance and u.s. regulation (at least in half of the states here) it seems the safest bet to me ... if but with fewer bells and whistles ... don't know what the deal with kraken being lower is ... and if you're willing to wire money to whereverthefuckistan btc-e is pretty much always much lower than everywhere else ...

btc-e has indeed been run properly for years now as far as i can tell , heck i've traded there myself and never had a problem either , but as compared to exchanges in china (government doesn't fuck around) and exchanges in the u.s. (government doesn't fuck around) it would presumably be a lot easier for the btc-e exchange which is run out of croatia if i remember correctly (a not long ago war torn country) to simply disappear eventually whenever they get to X millions goal to run off with ... my rationale for trusting coinbase is that (presumably) the folks who invested 75M into it know who they gave their money to / have a few extra M to hire bounty hunters / assassins / would be able to call upon the u.s. law and financial enforcement agencies should they attempt to pull any funny business (same goes for the major chinese exchanges , as far as difficulty evading chinese law and financial agencies)

a decentralized exchange could by definition have no central bank account where one would be able to send fiat $ to and thus could not hold any balance of fiat currency as i understand it ... i would imagine it would somehow have to involve users attaching their individual bank accounts to the decentralized exchange ledger and sending money directly from one person's bank account to the other person's bank account in exchange for btc on the ledger of the exchange , while the btc sent to the decentralized exchange could be run off of a side chain connected to the btc blockchain ? ... at least as far as i understand the idea in any case it seems like it would be awfully clumsy and slower vs a centralized exchange ... more like a p2p marketplace capable of running a balance sheet ...

ahhh righton i stand corrected ... it's been a while since i've traded there so i must have confused czechoslovakia with croatia ... and yeah it was serbia? i guess that was war torn a couple decades ago right next door to croatia / broke off from the serbia croatian block ? ... aaaanyways ... i'm just a stupid american anyway you can't expect us to know maps and such ...

in any case it's an exchange run out of 1 country , get's money in transferred to a 2nd country , run by people who are citizens of a 3rd country + are anonymous ... so yeah ...

i've seen the matrix ... it was fucking frightening beyond words ... not green code like from the movie ... densely packed rectangles of spectacular light 360 degrees in all directions and flashing extremely fast between extremely bright and blinding ... lasted but a second before i snapped back to "reality" ... i assume it was some sort of a brain maintenance check ...

(we're watching you goofs make us stupid free money with the coins we scraped up at sub 200 / low 200s and looking for the next cliff dive ... at least I am ... tbh i almost feel bad how much i'm making whilst knowing how much of a rigged sham this all is ... but hey profit is profit so we can't complain much at this point ...)

*30 ... so ... not quite 2 grand last month gain ... but getting there ... if 300 happens ill be happy to have the 2K+ profit since start of february ... so ... yeah ... i've done as well as can reasonably be expected from someone who's not already a multi millionaire with cash to burn and move markets ...

yeah i'm small time ... for sure ... like i said i'm not a multi millionaire so ... i can't move markets or devote more than a few grand at a time to this ... i try to maintain a double digit balance though (unless it's obvious dump time) ...

pretty hard to maintain a negative perspective making like $500 per hour gain on these pumps while not pushing more money in myself ... i want a yacht too afterall ... it's just going to take me a few years of constant trading i figure ... or a valuation of 5K per coin i guess would do it ...

ehhh i figure 1/4 million can buy me a decent 50 footer ... most people would consider that a yacht and not a simple boat ... some may argue only 100 foot + counts as a true luxury yacht ...

(i didn't know about bitcoin in march 2013 unfortunately ... but I did know about / bought my first few sub 100 in august 2013 before goxup ... i'm in a weird suboptimal position having benefited for a few thousands but not tens hundreds or millions)

actually i do know about boat maintenance ... surprisingly ... having grown up in -- and spent time diving and fishing off family/friends boats in -- and -- ... heck i've made the run from -- to -- ... spear fishing diving for lobster all that good stuff ... and you're right maintenance is a bitch but not quite as expensive as you're making it out to be if you're at all mechanical and don't mind a little grease ...

oh i know there's definitely a difference between a yacht and a luxury yacht ... the same way there's a difference between a used honda and a new lamborghini

sailers are pretty sweet - and cheap (by comparison) - if i wanted a sailer i'd probably pick up a nice 30ish racing trimaran for less than 100k

that's what i'm sayin ... if it has more than 1 bedroom , a kitchen , full bath , and is bluewater capable ... it's a yacht in my book ... those extra feet won't help you spear fish any better anyways

yeah that sounds about right ballpark wise ... about 10k a year maintenance ... i'd be on year long summer vacation where winter doesn't happen ... what sort of mad man owns a yacht where it's cold ? ? ?

ahhh righton ... i hear it is shitty weather most of the time back in england ... we don't winterize anything in -- ...

gotta sail off into the sunset at some point right ? ... and know when enough is enough ... if i'm a multi millionaire but 60 or 70yrs old by the time i get there then what's the point ? i'll have won at money and failed at life at that point ... yknow ?

hahahaha ... yeah ... i can't take us there so it really doesn't matter what i do ... small fish in a big big cash ocean ... so to speak ... if i make a grand back and forth trading my couple dozen coins pile in a week it's a really good week for me ... and i'm nice and comfy watching for now ...

lols ... oh man is that a sad picture ... i mean yknow good for old man moneybags that he bought a trophy wife and all ... but jeez ... do blue pills even work for that severe a case of old or does he have to tie it to a stick ?!?! ... lols

yeah ... pretty sure it's impossible to steal an entire warehouse full of mining machines from an actively staffed industrial mine ...

yup yup i've seen that one ... the koolaid man goin ooohhhh yeaaaah is a nice touch ... believe me i'd be ecstatic if we got to 1/10th of the 1% one ... that'd be quittin money for me ...

well ... if this thing ever were to hit 1% of monetary that'd probably be due to a global currency devaluation tipping point and collapse of nations in the process (several nations) and likely not stop at only 1% ... so i'm not exactly rooting for that what with war and suffering and all ... besides which at less than 2% or 100,000 per that'd already make satoshi the single richest person on earth , surpassing gates by a few dozen billion ... somehow i think bringing us the operating system on which 80% of the world's computers function ought to be worth more than a piece of software run on it ... at 20% of monetary or 1M a coin he'd officially be a trillionaire and could buy a good chunk of a continent and turn it into a private panda hunting preserve ... one of the southern hemisphere ones anyway ... at 100% we're knowingly crowning a money god(s) and likely assuring tyranny for the foreseeable future of humanity / making jesus mad and ushering in the apocalypse ... i tend to not be optimistic when it comes to overlords ... i don't know about you all but i'm at least somewhat comforted by the fact that we've got like 2000 billionaires running this world ... better than 1 person holding the reigns single handed ... especially if nobody knows his face ... 5k per coin (or 0.1% of monetary) is wayyyy more than enough of a valuation and much more realistic and still gives a total value to all btc in existence in excess of 100B ...

as for nautical terms ... poop deck ...

yeah i mean it's not like i don't know those terms ... but it's easier for people to understand things and easier to elucidate one's thoughts if stated in more universal terms anyhow so that's how most people type things out ... plus i'm lazy ... heck i can describe the difference between a sloop and a ketch and a cutter rigging if you'd really like me to ...

also .... MMM cooooookie ...

those desert runners are ridiculous ... and i'm sure suuuuuper fun ... but i already own a badass rock crawler jeep that can go anywhere on dryish land ... the most toys wins right ?

righton righton ... if you dig mountaineering i think we're twins interest wise ... *i prefer to spear fish than to wait for them to bite

for sure i beat the living shit out of my jeep on a regular basis it's fun as hell ... biggest peak i've done is mt whitney on the trail of light so ... highest in continental US ... haven't made it up to alaska for denali for highest on the continent but that would be awesome achievement ... maybe someday ... i don't really ever want to attempt anything that risks edema / requires O2 bottles ... fun is fun but hiking on the moon is crazy

100 btc payments is not the same thing as 100 btc in payments ... right?

hahaha that shit is bubba gump shrimper style ...

mom ma al ways said life is like a box of choc lats ...

laaaaaaa la la la la laaaaaaa la la la la laaaaaaa ... that's as close to singing as i can type ... was neat to see that 400k buy ... guess somebody thinks 300+ is near (and wants to make 10 grand while it does) ...

since ya asked ... was listening to Okkervil River : Lost Coastlines ... folk rocky new wave style garbage tbh but it's what popped up from the library mix ... from Chuck season 2 soundtrack ... wow is that old ... been a while since i've cleaned out the old media archive (which contains no coldplay ... talk about rip your ears off stuff ... doesn't everyone hate them ?)

i am -- since you're curious but my musical leanings do tend toward the older hippy stuff and i like early beatles better than psychedelic beatles  

dumps then pumps instead of pumps then dumps seems to be the order of the day ...

in soviet russia road forks you !

old movie but if you've never seen "the beach" i highly recommend ...

i am from the fuuuuture !!! ... clack clack clack ... oh shit he's from the future !

looks like it ... since yesterday we keep getting these little $5 cliffdive attempts to spook the market ... each one rejected almost immediately as price returns to the previous level within an hour or two ... but people may be more comfortable with a stable 275 instead of stable 285 ? ... with nobody really wanting to be the first one buying into the likely dumping at 300 ? ... i'd guess we can approach 300 but not break it without some time sideways / below 300 ... basically creep through 300 not bust through it ? ...

what a goofy poll ... but i suppose we do need a fun one every now and then   ... 32k in 2 years ... wouldn't that be fun ... realistic ? nah ...

china's got cheap power and builds the chips so they dominate the mining and selling ... u.s. has near endless money to convert to bitcoin and less mining capability so u.s. dominates the buying ... an interesting dynamic to say the least ...

hey lamby i hear you're down to clown ... we can do it on a pile of cash ... or use some gold for a little dp fun ...

choppin choppin choppin broccoliiiiiiiiiii

yeah ... bitcoin isn't a pump and dump mechanism ... except ... every single person refers to increasing price from buying as pump and decreasing price from selling as dump ... 

cool ... vertical for no reason ... at this point you all are giving me free money or i'm happily watching it burn ... either way fuck bitcoin ... i lose money and laugh as billions disappear or you make me a millionaire in the process of pushing the price up ... i laugh with up or burn down ! ! !

zero volume zero volume zero volume all day all day all day ... jam jam up up up for no reason ... followed by immediate collapse back followed by zero volume zero volume zero volume ... if that shit doesn't look like dieing with no organic support and only whales playing i don't know what does ...

i would reasonably call it collapse as immediate selling / retracement / lack of continued buying support leading to eventual price decline as soon as sudden out of left field rapid buying for no reason ceases (pump attempt with 0 organic support) ... which i've seen all day ... looks like everyone is holding their breath and waiting for the shoe(s) to drop ... while a handful of whales / exchanges insider traders attempt to goose the price ... the gaps of 10 minutes + with zero buying / selling at all taking place on the "major" exchanges can tell you more than I ever can explain to you ...

well ... don't listen to me ... whatever you do people ... i never figured we should be above 200 at this point in the bear market post-gox ponzi collapse ... but i'm happy my recently acquired block worth of bitcoin has been getting more valuable this last month and a half or so ... so ... there's that ... i mean shit ... i'm up $300 today ... that's more than most working people on earth make in a day/week even in the developed countries ... so ... can't be too greedy about it all i guess ... and i'm so far in the black it'd have to go to like 220 for me to be in the red ... but hey i've seen this shit go from 800-500 in an hour ... i've seen it go from 550-450 in a matter of days ... i've seen it go from 280 to 160 in half a day ... so who the fuck knows ... this market is owned by the whales ... all of our predictions and flailing means nothing ...

think you're right ... though the difference between 297-298-299 and 300 is somewhat negligible ... so ... it looks like everyone wanting to sell at 300 took 297-298-299 as close enough and prevented the hop past 300 ... real question now is can we stay above 290 for long enough for the push past 300 to be within easy reach and occur , or will we go back below 290 or worse ... basically do people think this is the near term top and we push down or are enough people still optimistic we go past 300 ? ... hard to say ... if we move past 300 we stay past 300 is my call ... and that looks more likely than not ...

I crashed, I burned
But then I learned
To keep my eye on you
You always say
You'll lead the way
But then you never do

I slowed, I swerved
But lost my nerve
And quickly looked away
When I looked back
The day was black
Then I heard you say

Why is the sun hot?
Why does it rain?
Why is there danger and
Why is there pain?
Why can't the burden we carry go away
And why isn't it Friday today?

Your lack of trust
Is hardly just
So do as you've been told
Please follow me
Into the sea
Don't worry if it's cold

I knew right then
My chance again
Would quickly slip away
I crash I cry
I burn but I
Still follow anyway

Why is the sea cool?
Why is it blue?
Why do I stay here?
Why is it you?
Notice the danger but don't help in any way
Why isn't it Friday today?

so basically ... what i gather from the talk of usd swaps and btc swaps and % used and % held and such ... is that there is more demand for btc than money being offered to lend to spend on btc ? right? ... so more or less people cannot buy enough of btc with their own money / are already all in with their non-leveraged fiat and doing everything they can to buy the hell out of it more ? ... meanwhile 3600 produced a day at 290 a pop comes out riiiiight about at 1M needing to be bought daily in fiat dollar terms ? ... honestly i don't know quite what to make of that ... but with 1 million estimated bitcoin users , we basically all need to drop $1 a day on average to consume the supply all other speculative buying/selling being equal ? ... doesn't sound bad ... hmmmm ... sounds like rabid demand vs minimal supply when averaged across all involved parties , just with limited/inadequate capital being provided by lenders ?

well right ... yeah ... i mean that obviously makes sense of course it's not the whole market but is a good indicator yeah? ... meanwhile ultimately every btc being offered to lend is btc that is expected to be paid back , and basically represents btc held for future and not btc that *actually* wants to be sold ? ... it's just btc being offered with an expected % return but really being held long term ? ... definitely hard to wrap one's head around the whole lending mess ... but it seems like overall all of the btc being offered for swaps is bullish long term and all the usd being offered for swaps is ambivalent and just looking for some fiat % gain and that demand for usd loaned is greater than usd being offered ? ... so there's a lending demand that's not being satisfied ?

I hear that for the first 6 out of 7 years of bitcoin's history there was only 1 exchange which for the first 4 years was the only exchange in existence for bitcoin and next couple years was by far the highest volume exchange which cooked it's books from pennies to $1200 in value per bitcoin then stole give or take 10% of the total "monetary supply" as soon as other exchanges were founded where they could sell these stolen funds. Bitcoin IS fucked. Thaaaaanks mtgox.

well i'm not making that up if that's what you're asking ... you all do know that is the actual cause of the entire price history right ? ... i mean ... right ? ... that mtgox was a fraudulently run ponzi that used bitcoin as their chosen mechanism with customer funds insider trading and a fake-billion-dollars and cooked the price from the very very beginning and for years all the way to the all time high ? ... in the process (a happy likely unexpected result of their fraud) spurring the entire mining arms race , news , public awareness , big investments , and "merchant adoption" (quotes since in actuality 99% of merchants don't accept/hold btc whatsoever but accept fiat$ through payment processors) ... and then gox stole estimates from 650,000-850,000 btc when they actually had other exchanges to sell it on (admittedly less than 10% of all btc in existence but still a huge number) ... and has been cashing it in ever since on other exchanges for the last year+ driving the price from the completely artificial $1200something down now like $1000ish as everybody pays off the $700,000,000ish theft ... right ? ... which isn't even close to being fully absorbed ... right ? ... i thought this was like common fucking knowledge at this point ? ... i was just making a joke re the stock market being fucked compared to the bitcoin market pointing out the what i thought was obvious ... of course the infrastructure banged out of chinese chip assembly lines and redundant exchange capacity as it exists today means we are now in a totally organic market ... plus wallstreet ... they're always on the up and up ... and besides ... rigged markets can be very profitable so who really cares right ? ...

pretty sure deaths by leather football helmets is most important to current bitcoin price

DISTRACTION !!!!!


woooooo no pants party tonight ! ! ! ! !

now where are those emperor's robes anyway .....

*i think i drank too much

been under a rock a couple days ... or a cave ... or bridge ... or something ... all bad i see ... nice 5-6% drop from the "lofty" barely 300's huh ? ... can't say i'm surprised ... soooo days/weeks/months to see that again ? ever ? or back to the death spiral to double digits and oblivion ? i only sold part of my stash there instead of all of it   ... guess that was wrong and right ... not sure if i want up down or sideways at this point ... lower buyback , loss on current coins ... higher buyback , gain on current coins ... i'm dancing limbo ... or was it the waltz ? ... moshing ? ... but seriously where's my shoes ?

fuuuuu uuuuu ck diddily uck ... now i'm only at $1000+ since start of the year instead of $2500+ ... god damned $40 drop in a couple hours ... seriously ? ... you sonsobitches ! ... wtf happened to looking to cross over past 300 and stay above 300 ? ... at least i'm still in the black ... but still ... do the whales realize that every time they shock slam the market for double digit % loss in a matter of hours it further erodes and damages the perception of bitcoin as being a legitimate currency/commodity/thing to invest in whatsoever ?

seems like somehow they *should* though yknow ? you don't skull fuck the golden goose ... you let it lay golden eggs

yeah of course they *could* do something like that , the central banks anyway i can buy that they'd be actively manipulating price / willing to burn a few million to preserve the stability of hundreds of trillions in fiat currencies value ... yeah for sure ... governments don't typically intentionally try to destroy trading markets , regulated or otherwise , especially ones as small as btc at a handful of billions in total market cap / that would be off books unregulated action on the part of most governments , logistically speaking ... seems like banks would care a lot more than governments and have the ability to act by comparison ... though at times the distinction between central banks and governments seems a thin one ... but if they truly wanted bitcoin to *DIE* (and drag all other cryptocurrencies with it) it'd be pretty easy to do so ... partition about 10 million dedicated to killing bitcoin ... consume bitcoins off book until you've got the 40 or 50 K btc you need ... slam the market , rebuy at lower , slam the market again , rebuy at lower , slam the market again , repeat until dead ... basically as long as you started with a large enough pile (1/3 the value of all bids on all markets seems like enough , probably , at about 10M) and didn't care that you were losing money in the process , you could simply bash the market repeatedly almost indefinitely ... that's what i'd be doing if i ran a central bank and wanted bitcoin to die ...

grumble grumble grumble ... hey wait it's only 30 drop from 290 and not a 40 drop ... plus a couple extra coin at 250 ... feels like i just got a participation medal after losing the special olympics ... weee ...

hmmmm ... so ... it seems some % of the stolen evolution dark market coins are now being held by the btc-e admins , for now fucking up the usability of the exchange for everyone else in the process ... coins which were of course originally stolen from drug dealers arms traffickers and the like have now been functionally confiscated by one of the "anonymous exchanges" ... gotta love the irony in that ... i guess the original thieves figured they'd sell them there ? possibly in an effort to mix them and withdraw "clean" coins from the exchange or simply to attempt a fiat withdrawal from btc-e after hocking thousands of ill-gotten non-mixed coins ? ... wow ... how fucking dumb can you get ... of course btc-e is pretty much the go-to exchange for the final step of converting stolen coins into fiat payoff but it's not *the only step* ... duh ! ... have these folks never heard of a fence before ? or a mixer service ? or know how to mix coins themselves ? or maybe they were fenced and they lied (surprise!) to the fence ? ... i mean damn ... if anyone out there needs some consultation work on *how to be a better criminal* my rate is 1btc per hour ...

what i wonder is whether this is actually a good thing ... i think it is - if all exchanges pay attention to high level thefts / scams AND track the stolen coins from the point of origin AND every single exchange takes action to confiscate illegally obtained coins pending legal system justice / assists law enforcement in tracking down and punishing these criminals ... then no more bitcoin theft crime ? right ? ... it'd basically fall to the dozen or so major exchanges to monitor and enforce legal activity ... if nobody anywhere accepts *obviously* stolen coins on any exchange then large scale theft would not be possible ? (without adequate mixing / obfuscation of origin / slowly spending of stolen coins for goods) ... personally i'd love no exchange anywhere in the world being willing to accept stolen bitcoin ...

theft is a crime in every country on earth ... i'd say that's pretty clear cut as to what constitutes crime when we're talking about currency ... therefore if something is illegal on all of planet earth , no i don't mind bitcoin exchanges acting to support the laws of all of earth's countries and societies ... gambling is , though outlawed in some minority of countries , an activity that both parties winners and losers engage in willingly ... theft , by definition , is not agreed to or wanted by those being stolen from ... even though the people on the evolution market engaged in illegal drug sales and illegal weapon sales etc and so they were operating outside of "the law" both parties on either side of those transactions were willingly engaged in those trades ... they didn't agree to be stolen from (though it is arguable if trusting the untrustworthy with $ constitutes consent to theft) ... i'd argue that as a very extremely extremely loose definition of "freedom" and "right" and "lawful" is that people can willingly engage in any activity they choose , but that if harm is done to them physically or financially against their direct consent , that is wrong and should be prevented via legal and financial mechanisms ...

hmmmm ... yes ... 10 minute blocks of time going by on finex , apparently the preferred exchange nowadays , without a single buy or sell occurring ... sorry folks that's not what a healthy "global currency market" looks like ... hell it's not what any healthy traded finance market looks like ... meanwhile the novelty idea of "bitcoin is the future of money" has worn off for most people as they come to realize it's actually nothing more than a poorly-branded experimental decentralized floating value ledger system backed up by a little computer processing power , which was severely abused by mtgox in a massive ponzi scheme from the very beginning of bitcoin up until other exchanges existed , roughly 6 out of the total of 7 years of bitcoin's existence being completely fraudulently manipulated in terms of price ... leaves us with a "leftover" price resultant from their fraudulent actions , a pseudo-merchant acceptance process whereby 99% of merchants accept that you can sell your bitcoins at exchange value and pay them in real fiat for their goods via payment processors , and a massive slapped together mining infrastructure built to chase the false price but now faced with the reality of not being able to pay their power bills without $1000 bitcoin ... fucked would be a generous assessment ...

fight fire with fire ... fight lies with lies ... if need be ... difference being my white lies / slight exaggerations are in the interest of other people / pursuit of truth and the lies of blatant bitcoin shills are for only their profit / benefit ...

no offense taken whatsoever ...

oooo my god look it's a double rainbow ! ! ! ! !

bwwaaahahaha ... yeah ... puking rainbow ... love it ... that double rainbow youtube will always be funny as shit / have value ... bitcoin on the other hand ...

and jesus wept ... for there were no more worlds to be conquered ...

so ... revolution ? ... are we adequately funded yet ? ...

money does not exist ... things exist ... decimal places and X value comparison vs previous value is meaningless ... truth ? value ? god? ... what is matter ? no mind ... what is mind ? no matter ...

kicking a dead horse becomes less fun when you get past the ribcage and have maggots all over your shoes ... anyone can see the dwindling volume and increasing gaps of time with 0 sells and 0 buys occurring across all the exchanges ... punctuated by the occasional obvious sudden short lived out of the blue pump (mostly done with desperate borrowed money / possibly done by the unregulated exchanges themselves with non-existent money ... yay fractional reserves ! ... gox2.0 in the making) ... if the daily mined coins were all sold on market each day , it'd pummel the price to single digits in a matter of months at best given global orderbook depth (and kill the mining business in the process) so we have to assume a lot of coins are being built up in miner reserves or sold off-book ... so you just know there's tons of coin piling up waiting to be dumped , either by miners or off-book buyers ... the market seems to be aware of this and is in a perpetual "waiting for the hammer to drop" mode ... current exchange value of ~$260 x 3600 coins per day x 365 days a year = $341,640,000 of *new money* required to consume supply and maintain price at where it is today , nevermind making the price actually go up ... and this assumes 0 selling by any of the heavyweight whales with 10s or 100s of thousands of coin ... do you think we'll get 1/3+ of a billion dollars in new money spent on btc this year (not VC on startups , 1/3+ of a billion $ on coins alone) and that no whales will liquidate any % of their stash ? ... yay math !

it's also arguable whether or not time exists , or is simply a human derived concept ... some theoretical physicists have proposed that time as we experience it may simply be the dissipation of heat , or put more simply , entropy playing itself out ... if this is the case , it becomes a matter of learning how to re-wind entropy at the scale of cells ... which would require a large amount of energy and nano-tech , of course ... as i understand it , you'd basically have to continually re-build damaged cells and re-organize those cells into tighter together more youthful groupings thus continually re-building all macro scale physical systems of the body ... a difficult task , to be sure ... and even this wouldn't assure immortality , even if it greatly extended life ... decapitation or immolation , for example , would be hard to fix fast enough and probably still result in death of the body ...

oh yeah ... good call on error there ... fixed it ... thanks ...

do you have any thoughts on the nature of order and disorder in the universe , whether the singularity at the presumed start of the universe was chaotic in nature or ordered in nature , the nature of or existence of time as compared to entropy as the basis for accurately describing the universe , or what if any influence these ideas would have in regards to overcoming death / greatly extending life , or any insight to offer in regards to the biomechanics required to accomplish such a feat ?

also ... yeah ... if we all lived 1000 years , we'd want a lot less people running around , for sure ... and i can assure you , if i were near immortal and ran a nuclear country , you can bet your ass i'd be starting ww3 or 4 or 5 or whatever ... living in a bunker for a couple decades is a small price to pay to get rid of those other 10 billion normals ...

ah righto ... understandable to not want to devote mental energy to stuff like that , more important things going on in the everyday life real world and such ... that's not to say i agree that intellectual pursuits like that are a waste of time - greater understanding of science / the world we all live in IS important even if our own individual understanding of these concepts will necessarily be limited to the extent of our own experiences and consumed knowledge ... though man is that collider in geneva mighty expensive ... i remember seeing something a while back where some physicist estimated that it would never be possible to fully describe all of existence , basically due to the distances / scale of the universe itself and inconvenience of it being in constant motion - it may only be possible to fully describe the nature of reality if all of the universe collapses back into a singularity or if all matter and energy fully dissipates and everything were brought to 0 temperature and 0 movement , in either case precluding the possibility of human life to make such a measurement - we can however still accurately estimate and describe the likely nature of reality despite never being able to measure the relative position of every subatomic particle in the cosmos ... if you could know the truth of all things , would you want to ?

heh ... yeah ... hard to say if having godlike understanding would be fun/beneficial or boring/depressing ... oh and the coyote and the roadrunner ... yknow in real life roadrunners are clumsy slow moving birds that don't fly very well , kindof like flamingos , whereas coyotes are fast predator animals ... wile e ought to catch the roadrunner every time ... 

just remember , to pull it off ... you'll either have to exist as a freaky self aware robot (transfer consciousness into artificial brain/body) ... or as something that closely resembles a borg (nanotechnology and cybernetic implants to force some extra time out of your organic being) ... in general , the sort of thing nightmares are made of ...

i see a likely path towards extended life beginning with genetic manipulation prior to birth , basically turning off aging related genes , which is something that has been demonstrated already in lab settings - this might double individual human life expectancy , pushing us into the 150 yr land ... this would be possible within the relatively near future , say , 50-100 years or so , depending on general public sentiment / laws regarding human genome modification ... but wouldn't help anyone live longer who aren't embryos ... meanwhile advances in more traditional medicine the simple ability to treat ailments and diseases , the possibility to print or grow replacement organs might up that 150 to 200 ... beyond that , there really wouldn't be another option that wouldn't be "invasive" so we'd be looking first at internal cybernetics , since we kindof already have some advances in that department , pacemakers , artificial hips , etc - essentially you'd be looking at supplemental artificial organs to further extend life ... nano-tech to support cell function and immune system would probably be next , mostly because you could still look like a non-modified human being ... next up would be external cybernetics , depending on people's willingness to become more and more machine than man out of desire for extra years of life ... this could push life expectancy anywhere from 300-1000 years ... who knows how long it'd take to develop tech like that ... but at some point you'd resemble a head on a robot/cyborg body , more or less... the step of mapping every neuron and the movement of all the electrical impulses of a human brain in real time AND having the ability to transfer a copy of that exact pattern into a sufficiently advanced artificial brain is probably the furthest down the timeline , by a lot ... probably none of us will ever see the day that any of these possibilities becomes a reality , with the possible exception of having great grandchildren that'll live to be 150 ...

i'd be willing to concede that printed / grown organs will be available to you and me , as well as some advances in artificial organs to replace failing ones ... so i might expect to hit 100 instead of 80 ... genetic modification of grown humans , my bet is no ... and legally speaking , my bet is against genetic modification of embryos happening either , whether or not we're scientifically able to do it , so long as 95% of the planet still qualifies as religious ... nano-tech capable of extending life , also doubt it being invented / widely available / cost not 10 billion dollars at $1 per nanobot , at least in time for me or you ... certainly no extreme life extending cybernetics internal or external before the 22nd century , just better pacemakers , artificial joints , maybe we get a "kidney pacemaker" or a "liver pacemaker" by then , but probably the preference will be for grown replacements anyway , somewhat negating the need for these ... we aren't even close to being able to accurately map the electrical movement in a tomato in real time , nevermind a human brain , so i'd definitely put the idea of consciousness transfer at the end of the list , in any case ...

we still don't have flying cars and we thought we'd have those 15 years ago ...  

who really gives a shit if we move up or down a buck or two on low volume ... did you all forget the $50 plummet of like ... 2 days ago ?

can't speak for everyone else here , but i know i'm mentally ill , by most standards ... attention deficit , obsessive compulsive , aspergers syndrome , reality dissociative disorder , addiction tendency , severe depression , post traumatic stress disorder , you name it i pretty well got it ... unfortunately a lot of that comes with the territory of genius mental faculty ... of course , since I live in America I am not provided adequate affordable mental health services (or any health care at all , come to think of it) ... yay capitalism ! ... richest country in the world i tells ya !

i'm the one with something interesting to say ...

so generally i don't care whether it's easy to read or not for you ...

that's your problem ...

it seriously can't be that hard for you folks to read through my poorly/non-punctuated ramblings ? ? ?

hey so that's what that "enter" key does ...

now resuming my normal typing pattern ...

ehhhh no worries my friend ... i really do genuinely have no clue why some here seem to give a shit about capitalization , punctuation , paragraph structure , and all that ... wouldn't it just be easier for everyone to type as quickly fluidly as possible and then easily understand words in the order they are typed , regardless of structure ? (with the obvious necessity of separating words with spaces ... sincesomethinglikethisishardtoreadforeveryone)

snitches get stitches bitches !

hmmm .. wait ... what ? ... stroked out there for a second ... pancakes ?

begin on start side of the river with wolf, goat , and cabbage - go across the river with the goat , leaving the cabbage and wolf behind (wolf won't eat the cabbage) , leave the goat on the target side , go back to the beginning side of the river (leaving the goat on the target side) , bring the wolf back with you and leave it on the target side , bring the goat back with you to the beginning side (leaving the wolf on the target side) , then , leave the goat behind on the beginning side of the river and bring the cabbage with you to the target side of the river , come back with empty boat , leaving cabbage and wolf on the target side of the river , return to the beginning side of the river to retrieve the goat , and then return to the target side of the river with goat, cabbage , and wolf , all intact ... easy

yeah just sortof banged that out without thinking (6 beers in) - i'm sure there's a step or two in the middle where you could double-up and increase efficiency - *i'm an expert level chess player (semi-professional) with a genius mind geared towards pattern recognition / math - puzzles = simple , though occasionally i take the long way around

haha yeah ... bonus points for being the first person to answer a logic problem whilst blotto ! ... if only being a genius would get me a job and not sitting in my pj's trading bitcoin all day ! ... though i guess in a way i've achieved total independence and self employment , i'm still underutilized as far as making a meaningful contribution to society given ability ... and making less than i'd like

oh and here's a fun one back for you all - was on brooklyn 99 last week or two - you've got 12 people on an island , 11 of which are the same weight , and only a balance beam to tell them apart , and you can only use the balance beam 3 times total to tell them apart - which one of the 12 people is the heavy or light one ?

oooo sorry incorrect - cannot split into 6 and 6 - one of the people is lighter *OR* heavier , splitting 6 and 6 cannot reveal whether the heavy/light person is on either side ... ... (the heavy side of 6 could reveal that those 3 vs 3 of them are equal on the 2nd weighing , and leave you with an inability to determine who's the odd duck out of the 6 who weren't on the heavy side of the 1st weighing) ... it's a tricky one ... 6v6 was my first inclination as well , but the key is 1 of 12 is lighter OR heavier ...

*haha i'd hire ya anyway you seem clever enough

*the answer involves first doing 4vs4 , then eliminating either 8 or 4 from the 1st weighing , next you switch up the teams a little bit , assuming the 8 are NOT eliminated , in order to eliminate a few more , eventually you get to 3 or 2 that can be weighed , of course if 8 are eliminated , then figuring out who's the odd duck out of 4 with 2 weighings isn't terrible difficult at all

well ... if you want to go beyond the simple structure of the puzzle and be most creative / gross about it ... it's actually simpler than that - your way still needs 5 back and forth river crossings - i can do it in 1 : you kill the goat and use its hide/fur to make a rope out of , tie the rope to the legs of the dead goat so you can tow the dead goat behind the boat , then you consume the cabbage , that way you and the wolf can fit in the boat while towing the dead goat behind you on a rope - you get to the target side of the river with a live wolf , a dead goat you towed behind the boat , and then you vomit up the cabbage - 1 trip , with bonus of rope , but with a downside of vomit covered cabbage , and your wolf can still be left alive ... it's faster/est , but you can't get any goat milk from a dead goat (which would likely be the purpose of buying a goat in the 1st place in a primitive market) ... of course you could kill the wolf instead of the goat , using a rope made of wolf hide instead of goat hide , but killing a goat would be probably less hazardous than the wolf in any case ... so either way would work , depending on your preference of getting goat milk or not vs ease of killing a goat instead of a wolf ... *if the goat is male , you can't get milk anyway and decision between killing wolf or goat is made easy - kill the useless goat , then you still have a live wolf to breed into hunting/guard dogs ...

yes gold star

also , even if you do it in 1 trip , you still have to skin an animal and make a rope , costing you some amount of time depending on how good a skinner / rope maker you are so this may not actually be fastest despite being the least # of river crossings , and you lose the possibility of being able to make something else out of the hide other than rope , a blanket or rug for example ...

of course ... if the river has alligators / crocodiles / piranhas / something else predatory you'd have a tough time crossing it towing a dead bleeding animal behind your boat ... so ... that may preclude the possibility of the 1 crossing rope solution ...

*and in any case , consuming and then retching up an entire cabbage would suck badly ... for you , and whoever you served the resulting coleslaw to ...

well ... someone just sold $2,000,000 worth of coins in the span of 10 minutes across all the exchanges ... nicely done ...

original riddle - you have a wolf , goat , and cabbage (goat will eat the cabbage and wolf will eat the goat , if left alone with the other) and you've got a small boat that can only fit you + 1 item with you inside the boat , and you want to get all 3 things , the wolf , goat , and cabbage , across a river - how do you do it ?

(i like my first answer best ... goat first across , come back for cabbage , cabbage across , bring goat back across , wolf across , then come back for the goat , then goat across for a total of 7 crossings - gives you an intact alive wolf , intact alive goat , and intact cabbage - but if you get creative and have a river free of predators , you can do some slaughtering , skinning / rope making , tow 1 dead animal behind the boat , and consume and barf up the cabbage to ferry all 3 items in 1 crossing ... at some opportunity cost of slaughtering / rope making / not having a live goat for milk or a live wolf for breeding depending on preference / and making the world's most terrible coleslaw ... this assumes of course that you have a knife/adequately sharp rock from the shoreline in the first place , which isn't specified in the riddle ...)

p.s. you're welcome forum for ruining coleslaw for everyone

12345 ? hmmm ? someone rang ? yes ? will see how soon we can get there ... only 343 pages to go ...

also ... shows how good most bitcoiners are at math / how bullshit coindesk is for posting that survey ... first , 9% of those 504 people surveyed (45or46 people) is very different from 504 people = 9% of america ... just ... wow ... also , having an understanding of the concept of statistical significance , 504 people is way too small a subset to assure any measure of statistical accuracy in a population of 300,000,000+ ... they should have surveyed a minimum of 10,000-20,000 people across all 50 states to smooth out statistical differences in local populations and reach a number that approaches validity ... (presumably , they got the %s they wanted for the article , then stopped surveying , rather than attempt to actually get accurate #s)

wait till the middle of the night in the u.s , slam the market with 3000 coins in 5 minutes = guaranteed carnage ... sure is fun watching $$$ burn ... $850,000,000 worth of market cap devaluation in 5 days time ... if you all can destroy a billion $$$ in value in a week i think there's a trophy for that ...

(it's more hilarious when your exposure is relatively minimal and can be more or less shrugged off , that's not to say i've not been personally hurt financially by holding some coins this last week , i have , as has everyone else who holds any amount of coins , but in the greater scheme of things , for me , it's insignificant and more funny than painful to watch a billion $$$ in destroyed wealth in such a short time - better than t.v. , if but more expensive)

*meanwhile global mining power has increased by 24,000,000 gh/s in the same timeframe ... neat ...

yup ... i've picked up a few extra coins ... and i'm suuuuuper pessimistic bear / critic of btc in general ... so ... yeah ...

  so wait ... you're telling me i can jerkoff AND get paid in btc ! ! ! sign me up twice ! ! !

i've got the joy joy joy joy down in my heart ! where ? down in my heart ! where ? down in my heart ! i've got the joy joy joy joy down in my heart ! toooo staaaay !

i think the most money i ever lost on a vacation was a cross country trip to burning man , during which time btc devalued from 550 to 450 in a week , and my jeep caught on fire ... god damn those sand covered tripping hippie chicks are fun though ...

hooo hummm ... it's weird how the market can *apparently* be totally ok with whatever price the whales push us to huh ? (and that their action seems to be the only action that matters in terms of price) ... nice and stable 290-300 for 2 weeks , make sure there's plenty of optimistic longs looking for 300+ , slam the market by $50 to fuck all of them over , price stabilizes back easily at 245 , but bull sentiment nice and destroyed , make sure there's plenty of pessimistic shorts looking for sub 200 ... look for next up jam of the price back vertical to fuck all of them over ... and back and forth and back and forth ... alllllll about maximum pain and screwing the leveraged longs / shorts out of their positions by force through margin calls , and of course causing so much volatility that people give up their coins at losses in the super choppy market ... assume the price to jackknife between low200-near300 until gemini , when we quickly go well past 300 for the foreseeable future ...

You french fried when you should have pizza'd ... If you french fry when you should pizza, you're gonna have a bad time ...

*i don't touch leverage or long/short ... i just paper trade raw coin ... no guts no glory but ... i can sleep at night so ... that's good ...

oh ... yeah ... that's an old term i guess ... paper trading vs leverage trading ... that just means using paper money aka real money (without using borrowed money) to buy and sell actual bitcoins (as opposed to buying/selling long and short contracts , which are functionally derivatives) ... it means i am working with money i've actually got , and not taking anywhere near the risk inherent to making use of 10x 20x 50x leverage positions (price goes up or down $1 , I make/lose $1 X # of bitcoins i actually have , as opposed to making/losing $10 $20 or $50 X # of borrowed coins/cash + owed interest ...)

yeah ... more than 1 way to skin a cat and all ... really it's basically just "simple" trading you and me are doing ... that leverage / borrowed / long short shit is higher risk higher reward ... i've personally never been comfortable with debt/leverage of any sort (which works out nicely for real world things ... 0 student debt , own my house , own my car , etc) ... good luck to you out there ...

oh i didn't really mean that in a negative way necessarily ... just kindof stating how i perceive the market dynamics to currently be ... fucking other people out of their money is what trading is all about

it's nice to know something's up there watching over all of us ...

ALIENS ! ! ! who could be here in a second to liquify us and use us for fuel ! so wake up people ! we're next !

it's super easy to trade / use bitcoin for the average joe ... you just have to spend 20 hours a day on your dedicated trading platform with a half dozen screens you leave on 24/7 , reading charts and staying up on minute to minute news until your eyes bleed and pray you don't sleep through your price alarms (or be away from your computer for any length of time whatsoever) ... it also helps if you have a formal education / work experience in finance and economics and computer science and have a trade fund of 6 or 7 figures , yknow like most people do ... also the extreme volatility makes it a perfect currency for everyday use ... but if we want mainstream adoption , it should fluctuate more than 10% up or down daily ... 20 or 30 % would be ideal ... plus the more thefts the better ... most people want to have no clue what their $ will be worth tomorrow ... as for wall street trading funds having the ability to violently manipulate prices alongside the 1000 people who hold 90something% of all bitcoins , yes , that's perfectly legal and to be expected from them , with the obvious exception that regulated exchanges will be legally required to use money that actually exists ... of course they could always yknow ... lie / cook their books so ... yeah ...

i'd guess they'll be able to sell those shares at highly marked up prices ... some of them anyway ... unlike bitcoin , which essentially relies on word of mouth and internet forums / youtube to inform people about it and requires they discover how to put money into it , pink sheet funds are actively hocked to unsuspecting investors who have never heard of bitcoin through boiler room style brokerages ... think "wolf of wall street" (if you haven't seen the original "boiler room") ... very possible those otc bids are real and not test bids , as a result of this type of action ... what baffles me is why people don't already do this for bitcoin itself , especially considering you wouldn't need any but the most basic type of brokerage license to sell bitcoin at inflated prices to unsuspecting / uninformed people due to its outstanding legal grey status ?

with my interest in hiking , i've actually seen 2 bears in real life , and very very much up close and in the wild ... they were both black bears , the relatively smallest and least aggressive of the bears (thank god) ... one was a little baby bear encountered at 20ft distance or so , which literally when it saw me ran in the opposite direction and scurried up a tree ... so that was good ... the other one was an adult , encountered at 100ft distance or so , and it basically ignored my presence as i passed by ... so that was good ... muuuuuch scarier was stumbling across a bigass buck at less than 10ft distance ... those fuckers blend in with dense forest surprisingly well ... that damn buck sent me running ... and rightly so ...  

so ... currently the TOR protected blackmarkets are all taken down simultaneously / are "being attacked" , so if any of those "trustworthy" places are actually hacked / get spooked / decide to take this opportunity to run off with another few dozen thousands of btc of purely criminal money , we get to drop another $50 like we did 10 days ago ... if they stay down (potentially as a result of government action to remove those blights from society) , bitcoin loses all real current use value of obfuscating illegal activity ... yknow , since it's not easier , cheaper , or faster than traditional payment methods , and isn't used for remittances (since 3rd world countries don't *have* local currency bitcoin exchanges , poor people don't typically have bank accounts to link to exchanges anyway , and these economies have 0 places to spend raw bitcoin) ...

oh ... and taking bets on if all couple dozen or so unregulated exchanges are being run 100% without fraud / insider trading / false buying / false selling / illegal fractional reserve eventually leading to outright theft (aka goxxing everyone again) ... think about that ... yeah ... all , every single one , of the exchanges currently in operation are 100% being run legitimately , despite complete lack of regulation or oversight ... sure ... what , no takers ? ... comeon 10 to 1 i'll give ya ... no takers still ? ... damn ... but all joking aside ... i cannot wait to get just *ONE* fucking legitimate regulated exchange ... any new eta at all on gemini ? ? ? ... Q1 was the supposed target , and that obviously did NOT happen ...

btw ... when we fork this shit , do you all think price will plummet $50 , $100 , or $ 150 ?

ooo ooo ooo pick me account buyers ! i've got 300+ posts and already post non-sense and vitriol so it won't look odd to keep that going !

(circa 1993)

grumble grumble grumble ... what the fuck is going on with bitcoin these last couple days ? ... nothing but sideways + shakeouts / traps ... business as usual i suppose ... just whales trying to shake every single other bitcoiner out of the market ... i've got my coins still , but losing $ on fees and backwards trades (you're welcome) trying to not get caught with my pants down on potential dumps / pumps ... can we just get severe up or severe down movement and not more days of this shake shake shake crap yet ?  

that bear looks sad ... and mr. shrem was (i don't know all the details , but) operating an exchange / exchanging a statutorily adequate amount of value in btc/fiat or whatever it was he was doing with 0 money transmitter license aka illegal money laundering , per the law ... at least he'll presumably be going to a white collar minimum security facility , so he'll just get shanked and beaten by embezzlers and fraudsters instead of rapemurdered by gang members ... so ... yknow ... look on the bright side i guess ...

yeah no worries man glad i could help out ...    ... i'm definitely not great at this ... but not totally retarded and overall up from the start of the year just not nearly as well as i'd like to be doing ... so ... win some lose some , pay fees if winning or losing ...

ahhh you must've not closed it in the high/mid 230's before it went back to mid 240's ... that's a pretty easy fuckup to make though ... it did *look* like it was headed off a cliff and then popped back up very fast ... a very well orchestrated bleeding shakeout if i do say so ... that one nicked me too as i sold low 240s and bought mid 240s having waited too long trying to get low 230's or better ... i imagine more than 1 person got some whiplash on that one ... at least the market looks like it wants to try upwards for the last few hours ... so ... doom , sunnyside up ... mmmmm doom eggs for breakfast ...

i don't bother with capitalization , sentence structure , or paragraphs ... but i seriously hate the "hodl" "lel" "moar" etc retardation ... at least i bother to use actual words ... it's like dogecoin turned everyone else into 5yr olds ... seriously ... this forum feels like i'm living on a planet with nothing but sign language gorillas that know how to ask for grapes ...

haha ... yes , only 1,000,000 more coins will be produced between now and the end of 2015 , give or take 1/4 of a billion dollars worth at current prices ... and another 3/4 million or so coins before the halving in summer of next year ... after which we can all look forward to only 650,000 coins or so produced per year for the coming 4 years after that ... now that's scarcity !

(my crime for making the ignore list of people is repeatedly pointing out that the criminal ceo of mtgox mark karpeles used a billion non-existent dollars to manipulate the price of bitcoin since perhaps the very beginning as it was the only exchange for bitcoin for the first several years , but most definitely caused the runup from double digits all the way to the $1200+ high point , culminating in the outright theft of 650,000-850,000 bitcoin , which may or may not have been getting continually dumped into the other new exchanges ever since ... ooops ... did it again ... can't have people be reminded of that ... they might come to the realization that bitcoin , though perhaps not intended to be used as a fraudulent ponzi mechanism , has most certainly been abused as one ... and that today's price is a leftover result of that fraudulent action ... i cannot stress how severe an impact of $1,000,000,000 of "fake new money" spent in a couple months would obviously have on a market as small as bitcoin , which was at the time that fraud began valued at *less than* a billion in total market cap)

(oh also they hate it when i point out ... 1,000,000 unique btc addresses with more than 0.01 btc is representative of 0.0142857 % of the population ... a great many of which are long dormant unused / represent the many multiple addresses of people ... putting that estimated % far lower in terms of actual btc user adoption ... probably by a factor of at least 10 , to lower adoption to 0.001 % of people even holding a dust amount of btc ... evidence of the actual complete lack of public interest or trust in btc despite awareness of it's existence through news reports and 7 years of time)

(they also hate it when i point out that their beloved btc is more than 100,000X worse distributed that the existing fiat monetary system , since in this world 70,000,000 people (1%) owning half of all the wealth is in fact far far more egalitarian and better system to support than a system with 1000 people holding 3/4 of all btc in existence ... tearing the mask off the illusion that bitcoin would result in anything other than total financial tyranny concentrated to an extreme degree by many orders of magnitude if it were to ever accomplish the laughable goal of replacing fiat currencies)

yeaaaah ... this pattern has been repeated / ongoing last few days ... stack the books with multiple small bid/ask walls (hint: on finex many of the ones that are 15 , 20 , 30, 40 , 50 , 60 , or slightly off exact duplicate orders , all over the place) to flatline the market , then fake off the cliff , followed by immediate reversal in a stutter step pattern up , and back to flatline ... down 5-10 up 5-10 stop , down 5-10 up 5-10 stop ... tiring isn't the word i'd use ... this is a floating value currency ... you / other whales can obviously make it whatever you want it to be ... the little people can't stop you from moving it ... all we can do is bleed a couple bucks on chasing price swings / fees so move it for real instead of this piddly bullshit ... you'll make a lot more on $20-$25 swings than $5 ones anyway (or a simple $100 increase of course ) ...

as for the exchanges themselves manipulating the prices / insider trading ... well ... yeah ... duh ... that's been done throughout the entire history of btc ... typically that's done with automated trading bots though , not with this round number stuff , so in this case , i'd doubt it's exchange based manipulation but rather the action of manual trading ...

(food for thought)

uuuugggggg ... they just woooooont stooooop shaaaaaaking it out ... shakeout # fucking 30 in the last 3 days ... so freaking obvious and predictable at this point i'm pretty sure nobody's buying it anymore ... it's gone down 3-5 bucks and immediately back up 3-5 bucks sooooo maaaany tiiiiiiimes there cannot be any panic sellers left ... it's probably the same person jamming up both sides of the orderbook on finex with multiple mostly 20/40 orders ... you'd think someone capable to do so will eventually slam us in one direction or another and either take their coins away from them and price them out or leave them with a heavy bag just out of spite and frustration ... also ... pie to the face ! april fools !

market is currently being systematically shaken to death / price held down / books being tightly manipulated by someone with a looooooot of coin ... usually this indicates we'll be heading up but they've been at it for a longer than normal amount of time than is really necessary to test market strength ... for the last 3-4 days or so , as far as i recall seeing this , someone has been clogging the orderbooks (mostly on the ask side, but bid side as well) on finex with multiple round number walls , mostly 20/40/60 coins but other #s as well ... look for the duplicate orders , 4.75 and 4.75 coins offered at 1 penny difference , for example , and the 20 20 20 stacked a nickel apart - all the same entity , and not very subtle ... easy to see ... if i can see it everyone can see it ... and in addition to this there have been dozens of sharp shakeouts where presumably that person spikes the price down , price goes down $3-5 and then immediately buy back up $3-5 , then repeat clogging to prevent unwanted movement ... we're actually only down $5 or $6 total over these last 3 days , but with like 3 or 4 dozen different fake mini crashes in that range ... roughly every 2-3 hours or so , like clockwork ... looks like the market may be finally crying uncle at this point though and pushing below 240 instead of being held at 245-250 ... it's anyone's guess how long they intend to keep this up / when some other whale will push back ... it's possible if this keeps up we'll be just dragged down a few $ every day until the floor eventually drops out ... 230 may be imminent , probably 220 if that happens , after that who knows , sub 200 is even possible if they keep consistently pushing the market around like this / actually succeed in causing a significant crash ... it suuuuucks to hold through all this bs action ... but as long as you recognize the pattern , you can make easy $ off their obvious shakeout manipulation ...

ehhh i ocassionally try to contribute something useful

by zooks what sort of jackassery is this ? ! ? ! ? !

(thanks for the $240 coin / glad i held tight through the dip , lost less than $100 on fees and chasing price manipulation / up $500 today)

the killer app of bitcoin is the ability to speculate on the price of bitcoin ... that's the ultimate truth ... here's some random inconvenient (bad) aspects of bitcoin that render it inappropriate for anything but speculation / a bad one at that ...

-as a payment mechanism , you get to pay a % fee , either with circle/coinbase or as wire transfer fee to overseas exchanges simply to buy bitcoin in the first place ... adding extra expense , not to mention time delay and inconvenience , to whatever you want to buy vs "legacy" payment systems , some of which actually *pay you* to use their service (credit card rewards / cashback rewards) ...

-using bitcoin requires that you have easy access to the "legacy" payment infrastructure anyway (bank account/credit card to send money to exchanges/link to circle or coinbase) ... unless of course you want to pay a double digit % markup / risk being stabbed and robbed in an in-person (localbitcoins) transaction ...

-as a store of value , it is extremely unstable and volatile , and therefore not a "store of value" as such , since you don't know what the value will be tomorrow ... could be $10 could be $1000 , depending on whether 10s/100s of millions are taken out of the loop or injected into the loop (a tiny amount of $ in the world of finance) ... it is far more appropriate to compare it to a speculative investment class than to a solid store of value , such as real estate or physical metals ...

-unlike "traditional" speculative investment classes , such as stocks released all at once with an initial public offering , bitcoin is constantly released onto the market via newly mined coins , as such , with bitcoin there is a non-stop selling pressure / maintenance cost built into the system (the natural direction for bitcoin to head in is DOWN simply as a result of the mining mechanism ... the only way for bitcoin value to go UP is for all+more of the newly mined coins to be bought/held out of circulation ... something that is by no means a guarantee to occur ... nevermind existing coins being dumped into the market)

-unlike every other investment class available , bitcoin is largely not regulated or insured against theft by existing exchanges , and due to the irreversibility of bitcoin transactions theft is extremely easy , functionally forcing anyone who wants to hold any amount of bitcoin to be adequately tech-savvy to store and secure their own bitcoins ... something far beyond the ability of most people ...

please resume normal trading ... nothing to see here ... btw yikes on the $5 swings in 2 minutes on finex

awwww man that is fucking gruesome ... reminds me of college when i witnessed a hazing incident go horribly wrong ... duct taped bound frat pledges in the back of a pickup truck were meant to be intentionally scared by heading head on with another vehicle driven by other members of the frat ... and they were supposed to swerve to avoid a head on collision ... they did not manage to avoid the head on collision , either because they mis-timed their swerve or because they fucked up / panicked on who was supposed to swerve left/right ... in any case , one of the pledges got vaulted into the back of the pickup truck cab headfirst , whereby his nose was mostly ... ummm ... separated from his face ... and was hanging down over his mouth ... yeaaaahhh ...

... chirp chirp says the crickets ...

... moon or doom today ?

... still looks bull from 160 bottom , but overbought ... still looks bear from last 300 top , but oversold ... strange uncertain market conditions ... somehow the current price seems wrong , one way or another ...

... looking forward to living on planet bitcoin with 6 7 8 figure coin ... but wondering if we'll see double / single digit coin this year ...

OT ... recently viewed movie recommendation - city of ember (2008) (weird post-apocalypse disney style , and they have "coins" as their currency , fun to imagine it's the bitcoin future , plus bill murray)     

hmmm ... sounds like some early adopter whales are gonna have to pony up if they want the bitcoin foundation to continue to exist ... but seems to me that most nobody wants or needs there to be a bitcoin foundation ... the core devs should simply be paid directly in btc on a work for donation basis , which would likely still be extremely profitable for them , maybe even more so without the bloat of the foundation holding them back / wasting their funding ...

wait a minute ... you're telling me people lie and change their publicly stated views for sake of their own self interest ! ? ! ? ! ? ... wtf is this world coming to ...

i'll believe wall st money is being spent on bitcoin when the gemini exchange is finally launched and we can see what volume takes place on it , which we've all been patiently waiting on for what half a year now ? ... since it'll be sec regulated and insured once it is up and running , there will no longer be any barrier to institutional funds taking positions in bitcoin (buying bitcoin) ... given their requirements not to involve their funds in un-regulated exchanges such as those currently supporting nearly all of the traded btc volume in china/hongkong it is reasonable to expect that some "on the sidelines" money is still waiting for this ... the ETF's are a joke/irrelevant ... what matters is eventually getting an sec regulated and insured exchange that U.S. investment funds will be willing to / legally able to conduct trading on ...

Seen the stones play a few times...... no one owns a stage like these guys....old or not.
[/quote]

i'm a fan of the music the stones made / (continue to make? ... not really familiar with any of their new stuff if any) ... haven't seen em in concert ... oldest old school musician i've seen in concert would probably have to be ... hmmm ... i guess bob dylan would be it ... also seen ringo and his "all-star-band" ... dylan's voice was incomprehensible unfortunately , but they hid it well under the instrumentals ... ringo and co were ... ok ... definitely easier to listen to than dylan in any case ...

i think everyone's visiting family / busy with easter ... seriously i've never seen 15 minute gaps of time on finex go by with 0 sales and 0 buys before ... looks like we'll go ahead and push up while nobody is paying attention though ... because ... why not ... right ? ... it'll be easy with total lack of selling resistance other than bots ...

Bitcoin has taught me to hate money and want to die ... seriously ... i pray for cataclysm ...

no ... not anything so catastrophic / stupid ... i don't trade on borrowed money or leverage ... just in general ... actually i'm well up / in the black / mined for gain overall ... i just ... want freedom ... not money ... as the basis for my existence ... and don't think that is likely to ever occur in america in my lifetime ... apathy on continued existence / desire for death is the only sane perspective to have in a world devoid of real freedom where quality of life is dependent on wealth ...

recommend against a noose for those bitcoiners who don't want to go on living ... potential for survival and suffering is substantial with hanging ... better options to end it all include firearms , asphyxiation with inert gas , and if you plan on jumping off a building , it should have at least 10 stories to ensure adequate velocity upon impact with the ground ... by the way , it's ok to stop hammering the market downward when people are offering advice on the best ways to kill themselves ... for fucks sake ...

ehhh i'm kind of fucked over as well at this point ... definitely missed out on some potential gains as of late ... but in general i don't have enough of a horse in the race to care too terribly much one way or another and am mostly a morbidly interested spectator ... for all the recent fuckedness i'm at least still in the black playing with mostly house money ... i'd lose if we went below like 100 or something i guess ... in any case it is funny to poke at the folks losing huge amounts in short periods of time that's for sure ... if i had more than 1000 btc or so i'd definitely be losing my shit for sure ... the ol pc would be flying out the window ...

doo doo do do der der derp der derpa derpa derpa der derpadity derp derp derpa der der der der ...

i don't think the bear market ever really ends ... not with 3600 coins produced daily that all must be sold by the industrial scale miners + the handful of whales with 100's of thousands of coins that can dominate the markets with 1000+ coin sells in 1 minutes time to intentionally destroy the price ... every day it's a new 5000 coins slammed into the markets in a couple minutes (markets which then , of course , are forced to react in turn , especially the bot traders) ... all the little guy organic buying in the world can't absorb that at this point ... not really ... you just *cannot* go from single digit and 0 volume buying/selling and expect to absorb 5000 coin in 5 minutes without price going down ... i mean just look at it ... flat flat flat flat ... giant red spike giant red spike ... flat flat flat flat ... we get these "price reversals" in short order after the huge dumps , but it's on comparatively 0 volume ... just getting the price worked back up to get dumped on again after the order book fills out adequately ...

i'm looking forward to $20 coin ... whenever that happens this year ... it's gone from 1200-100 in a flash ... it's not unreasonable to expect it to go from 250-20 in a flash ... of course at that point it may not spring back to a triple digit value ever again ... it might just ... sort of ... end ...

oh man has the u.s. actually finally wised up and realized they need to outright render all fraudulent digital currencies illegal to preserve the value of the dollar ?

whew ... that's good ...

ive actually never seen the books look so lopsided bearish ... 5000 coin to 250 ($5 gain) ... 5000 coin to 230 ($15 loss) ... of course this means we'll be moving up from here , because the books are a lie and always move opposite to how they appear ...

well ... i can't speak for others obviously ... but i'm considered a criminal for various reasons ... and obviously i am a bitcoin trader (successful , oddly enough) ... these two things are not necessarily related ... but ... still ... the possible validity of your statement is not lost on me ... it is important to remember sometimes that bitcoin was created by anonymous hacker(s) and the early adopters were basically anti-government nuts and drug traffickers ... and that's probably still a significant portion of the current user base overall ...

the fun part about the alts is ... they're all priced in btc ... so if btc ultimately fails / severely loses value , so does every single alt coin ...

in general i agree with that as far as the possibility goes of an alt being more profitable short term than btc ... actually much of my gains have been as a result of alt p&d and mining of alts ... probably my best alt gain i bought 1btc worth of fluttercoin at 100 satoshi and sold out at nearly 3000 satoshi , just barely missing the peak ... it's today trading at less than 100 and the dev abandoned it , as is typical for most of the scam alts ... it's totally fucked trading most of those things ... and the notion that they are long term "investments" is truly a joke ... their bubbles typically last give or take a week , during which time you cannot leave your screen , and ultimately collapse very very quickly ... it's really like playing a game of chicken and you'd better be selling really fast when the eventual collapse inevitably happens ...

* thanks for getting rid of blatant alt shilling in the btc trollbox thread

mmmm yes kind of ... putting your btc into alts is functionally the same , in terms of effect on the btc market , as simply buying and holding anyway ... the alts simply allow people to give their btc to other people ... that btc doesn't really get destroyed ... if anything btc earmarked for alt trading and set aside for such purpose can be considered to have a beneficial effect on btc price , since it's being held/not sold at this time thus reducing overall selling pressure ...


in general , a collapse of value in fiat currency (for example, the u.s. dollar becomes worth 100x less than it's worth today) would have a detrimental effect on the value of btc , since it really wouldn't track the change in value directly since it's not the only alternative store of value - you could expect to see at best perhaps a 50x increase in btc value (on paper) if something like that were to occur - it would still buy you 1/2 as much ... so no ... we should not be cheering for fiat collapse - we need to be cheering for fiat conversion

and yes , of course if *all* fiat currencies experience simultaneous collapse alongside *all* commodity markets , leaving no other viable alternative store of value other than btc (a highly unlikely basically apocalyptic fantasy scenario) ... then yes , we would expect the overall value of btc to drastically increase

i'd really love to see , and wish i had the capital to create this - an exchange that prices all of the alts in fiat currency values , not btc values - presumably this has got to be in the works , somewhere , the drawback is basically a btc/alt exchange is a lot easier to establish regulatory-wise than a fiat/alt exchange

(yes of course unless you live in whereverafuckistan ... then ... yknow ... regulation is probably not much of an issue)

yeah they every once in a while try to legitimize 1 or 2 of the alts by giving them usd values instead of trading them directly against btc ... some have been that way for a while , some have only recently been given that privilege ... i'm talking an alt exchange that's got 50-100 or whatever # of alts ALL priced in usd value (or whatever fiat value) ... with the goal being to ultimately disconnect every single viable alt from the btc value

when they perfect human cloning i'll take ten of those ...

* nevermind ... having watched a few other random videos this bitch is clearly fucking insane ... so ... no thanks ...

entertaining for sure ... nuttier than a snickers bar , yup ... you betcha ... i watched a few of her videos until it became unpalatable / clear she is nutter butters ... recommend watching a few though for entertainment value ... like watching a dog crapping on a baby ... or 2 girls 1 cup ...

the really cool part of that one is they mined 1,000,000 coins in less than 7 days ... and mining is now over ... so ... great for the dev(s) who flash mined the shit out of it ... and they are telling people it's got 500k coins ... really excellently pumped though over the last 10 days of price history ... always helps if you've got $1M worth of it to yourself pumped to that value with a few grand worth of btc ... at least it was actually listed on *A* exchange (bittrex ... the exchange which lists any and everything , for an adequate bribe) , instead of literally making their own exchange ... because ... leogitimacy ...

only 123 more pages to 12345 ... we gotta fill this thing with *some* garbage between now and then ... heh

... don't understand the point of rapidly destroying price and consistently causing so much price volatility that bitcoin will never be widely adopted as a result ... who cares if you have more of something when you're actively decimating the price of the thing and driving people away from it in droves ? ... seriously ... it's like the whale manipulators don't want anyone else to have any coins period and don't care how badly the price needs to be crushed to accomplish this ... the market cannot sustain several $5-$10-$20-$50 drops daily forever ... finex being pummeled the worst at the moment ...

i seriously wish you fuckers would stop posting that crave scam shit on here - they flash mined the entire supply in less than a week with 10000x 100 coin 1 minute blocks - mining is over now and dev holds the supply , a current supply which is by the way 1M coins (per ... yknow ... math ... 10000x100) not 500k coins as they're claiming ... and for bonus points it's now got a PoS phase that'll kick it to 2 *billion* total coins - essentially allowing the dev to hold the entire supply now pumped to 1000s of btc in value / set market price and print out 10btc per day at current rate ... 10 days total price history on the 1 exchange bribed to list it , bittrex , the exchange which lists anything for an adequate bri... errr... fee , and has to de-list dozens of coins constantly because of ... well ... scams ... it's so obviously completely rigged it's a joke ... and telling people to buy it now after it's been pumped to retard level is wrong ... setting an astronomical price on a coin you own the entire supply of is surprisingly easy ...

i wouldn't touch that shit with a 10 foot pole at this point ... fuck ... 20 foot pole ... i've traded alts and made money on them ... the only way to make a buck on those is to buy in on day 1 / flash mine it alongside the dev the minute it's launched , pray it's not insta-dumped-insta-abandoned , and then allow the dev who's in basically every case in charge of 90%+ of the supply through flash mining to set the price - then dump onto the dev's rigged book as soon as they start to sell , requiring you watch the price like a hawk ... not a single one has proved to be legitimate or last more than a month before extreme collapse ... and none of them have any merchant acceptance / actual use whatsoever ... just purely pump and dump rigged shite ...

i wish i had never learned about bitcoin and cryptocurrency in general / that this horrible evil thing didn't exist ... i think satoshi might be the anti-christ and bitcoin may be the mark of the beast ushering in the apocalypse ... if you think about it if the anti-christ were to come he'd come in the form of a faceless Xillionaire overlord with a cult of followers ... so ... yeah ... i feel more and more suicidal every day since i discovered bitcoin 2 years ago ... and this is coming from someone in the black ... i wish the whole thing would just fucking implode with satoshi selling his million coins and bringing every exchange to 0 ... then i and everyone else could just move on with our lives ...

*Sorry about not using the SHIFT key or proper punctuation ... i know words are hard to read otherwise ... because ... yknow ... the information conveyed is the same regardless ...

What i'd do if i had 10,000-100,000+ btc that I mined for free on my gaming computer would be to borrow as much money as possible and go full 20x or 50x leveraged short , then slam the 100,000 btc into the markets , cause the fucker to drop over $100 and collect millions upon millions off my guaranteed short victory. That's really the thing I think is causing this thing to drop drop drop with no end in sight. Those with tons of coins can destroy price and rake in $$$ on guaranteed wins off hugely leveraged shorts , unlike the olden days when price had to go up to gain value. Now you can just dump the shit out of it and rake $$$ on the loss from a massively leveraged short. We'll hit 1xx , then double , then single digits as a result of this type of activity , then 0. Nice little $7-8 gain in price in the last 10 minutes though. Gotta throw people a bone once in a while huh? If I ever become filthy rich as a result of my few dozen btc , I wouldn't bother to post here ever again. 

if this isn't despair , i don't want to know what despair looks like ...

at the point that paypal allows bitcoin and you can buy *any stuff you want* on ebay with it , there is no more good news possible ... btc will be "fully adopted" with near total public awareness of it ... but i don't think it even matters anymore ... bad news = price goes down , good news = price goes down , no news = price goes down , hacks = price goes down , new merchants adoption = price goes down , more mining capability = price goes down ... anything that happens = price goes down ...

i think the only thing that'll ultimately pull us out of the tailspin is for one of the exchanges to go full willy 2.0 on the market again ... we'll just keep spiraling to the abyss unless someone starts buying with a billion or two fake dollars again ... sadly this is what people are holding out hope for at this point ... major buzz kill ? ... *salutes* ... yeah ... sorry about that ...

yeah ... difference is ... that cash actually exists ... and won't be spent on btc ... and no sane billionaire would ever touch this joke market (we can always hope for an insane billionaire though )... what we need is an exchange to spend a couple billion dollars that *doesn't come from anywhere* that they just assign to their own exchange books out of nowhere ... yknow ... like mtgox did to bring us from $20 to $1200 ...

satoshi is either dead , locked up in a mental institution / jail / someone's basement , or so ashamed of what btc has become that he's voluntarily living in exile , or yknow ... doesn't exist at all and is just part of the sham from the get-go for the purpose of creating a heroic pseudoreligious mythos / those coins are the last step of the scam / being held onto just in case we actually reach some beyond beyond beyond nuts valuation ...

logically ... i think satoshi's actions can only fall into a limited # of boxes - assuming he's got access to his million bitcoins (and they weren't lost due to some freak lightning strike / house fire or something like that), he's been watching his personal value go from over $1B now down to more or less 1/4 of $1B for the last year and a half - not bothering to take any action whatsoever while this is occurring can only be explained a few ways - #1 he's fucking nuts and delusionally believes he's god or some shit like that and really thinks these things will be worth millions per btc some day and he'll rule the world ... basically satoshi is the world's biggest bulltard ... so he refuses to sell even a few thousand btc to even take a couple million $ for himself , despite seeing the value go from $1200 to $200 ... #2 he's dead / locked up in some fashion - this makes a lot of sense actually in explaining why he's been willing to sit on his btc while he's lost now nearly a billion dollars of personal net worth also nicely explains why he's disappeared for years without a peep ... #3 he's living in exile voluntarily for whatever personal reason , has given up on using money whatsoever , is living as a buddhist monk in a monestary or something like that having given up all personal possessions and sworn off money entirely ... #4 he doesn't exist outside of being a made up figurehead by the true architects of bitcoin , who *have* sold their millions of other bitcoin , relying on the mythos of "satoshi" and him not moving his bitcoins as an integral part of the sham ...

so i think those are the most likely anyway ... either the coins are fucking gone due to computer-destroying disaster , he's nuts and holding , he's dead or locked up , he's sworn off money and all personal possessions , or he doesn't exist and those coins not being moved is considered an integral part of the bitcoin scam by the true architect(s) ...

ok yeah i can see a few of those being possible ... satoshi is actually some government agency's made up persona ... religious moral reasons ok ... those million are not his only coins yeah maybe ... already wealthy enough to not care about losing a billion dollars doesn't seem rational ... idea worth more to him than a billion dollars doubt it ... identity paranoia i guess ... thing is ... nothing to stop him from creating a numbered swiss bank account though so ... i dunno ... governments don't typically release potentially disruptive fiat/economic stability threatening tech on the world that directly goes against their already established monetary interests so i don't place much weight on that possibility  ... the rest seem irrational ... i'd still bet on coins lost , nuts holding , dead / locked up , living in self-imposed exile , or he's a made up persona by the true architects and not moving those coins is an integral part of the established mythos of bitcoin and moving them would destroy all trust in btc at this point ... not sure which one of those i'd pick if i had to choose ... coins lost , dead/locked up , made up persona for purpose of mythos seem most likely to me ...

... they sure as hell wouldn't have hesitated to be selling for the last year and a half ...

aaaaand cut to everyone getting as drunk as they want ! ! !

(that's what i'll be doing when we go to 1xx)

hahahahaaaahahahhhahahahahahaaahahahahahaaah that bitch has got a huge cock on her face ...      

yeah needed a good laugh ... don't think that's a personal selfie ... i somehow remember seeing that one somewhere ... or something similar ...



meanwhile btc continues to die ...

i've actually stopped setting price alarms ... sick of that shit dinging at me ... i already know the fucker is going down damn ...

awwww man that is inexcusable ... *padawan ... all A's ... pretty simple ... god i hate that i know that ...

ehhhh no worries ... not everyone has encyclopedic knowledge of all things star ... wars and trek ... i've wasted years of my life to know these things ...

holy crap signs of life ... praise be to the internet gods ... sense of despair fading faaading faaaaaaading ... slowly being replaced with cautious optimism ... if we can crack 240usd/1500cny that'd be nice ... whatever gets us further away from the brink of 200 ...

agreed ... still ... a move that's not sideways or down is a welcome sight all the same ...

give me all your money and a box of snickerdoodles !

*breaks beer bottle*

I got a perfect on my math SAT exams , but did do poorly on the written part by comparison. I never could learn a foreign language either. Just not really wired for or care about guud talkin pencilworks. I'm not sure how lazy I can be. That's an interesting philosophical question.

     

I have a strong feeling many of the people posting here should rightly be institutionalized or heavily medicated , or will need to be eventually , as a direct result of involvement in BTC.

On a related note , I had a bitcoin nightmare last night , so I'm pretty sure I'm losing my mind.

It was a dream of looking at bitcoinwisdom , and there were a couple of notable differences , new exchanges that don't exist currently - WALL STREET and PANAMA - price was in the thousands but then it all went to hell - the books were cleared down to 0 as the markets all flash crashed and cascaded and it happened in minutes it couldn't be stopped Satoshi was cashing out and all the trollboxes were nothing but expletives then the screen turned red and the alarms wouldn't turn off then I woke up in a panic ... yeah ... 

Yeah enough different people were bothered and complained about my preferred typing style (complete lack of punctuation or sentence structure with ideas/words separated with ...) that I figured it'd be the courteous thing to them to bother with being "proper". I hate typing like this though. It's cumbersome and unnatural to me.

(fantastic cameo on silicon valley by the W twins - "do you know how much bitcoin they're worth ?!")

silicon valley favorite show

*RIP Christopher Evan Welch

with bitcoins you get to stare at some numbers on your computer screen as you lose your money ...

the cool thing about dollars is if you light them on fire and burn them , you get heat as you lose your money ...

they can also be used for paper machet , toilet paper , or as something to write on ...

and if you're the creative type you can make origami or a paper airplane ...

plus you can roll them into a straw for doing coke off of hookers ...

there's literally hundreds of uses for them !

also ... yknow ... they're accepted as legal tender everywhere in the u.s. and most other countries , can be sent anywhere on earth with relative ease and minimal expense , don't fluctuate wildly in value , can't be hacked out of your federally insured bank account or out of your safe welded into the floor of your garage , and haven't lost 82% of their value in a little over a year ...

fuck this fucking pyramid ...

am concerned the matrix is broken / i may be a prophet

(when all of the existing exchanges click off one by one just like mtgox did , each one having already/all along taken all real customer deposited fiat off the exchange and socked it away in swiss/caman banks then of course claim to be hacked and then proceeding to dump their previous customer's real stolen bitcoins into the next doomed fraudulent exchange so they can get that money from those actual stolen bitcoins as well as the stolen fiat and price goes to $0 as the last standing exchange implodes ... during which time the network will freeze at some point due to overscaled industrial mining operations shutting down en mass faster than difficulty can adjust down ... that's how we'll know the bottom is in)

(it's a currently valued at less than $3B cap "currency" with worldwide combined books containing legitimate fiat funds of probably less than $50M total so let's call it 50:1 at best for a value to actual money ratio aka bad , so even the big holders only 1/50 gets to cash out when *the* collapse occurs ... there's 1000 people with combined millions of coins aka the top of the pyramid architects/early miners/pyramid participants and they got all those coins basically for free just by running a piece of software on their laptops so now they can dump indefinitely and make guaranteed $$$ from shorting in the process , as well as continually re-buying lower and continuing to dump if desired ... also there's 3600 coins produced daily mostly by industrial miners which by itself is too much for the market to handle if they were all being sold continuously ... also there's give or take 1,000,000 stolen bitcoins floating around the internet out of the 14,000,000 supply , which may or may not have been already dumped and those are also kind of "free" in that they were stolen ... add to that the likelihood of the entire price history of bitcoin having been dictated by the fraudulent exchange mtgox , which was the only bitcoin exchange for years and years from the beginning and cooked it's books to the tune of billions of dollars and the chart history from pennies to 1200 to now cannot be trusted whatsoever until after they collapsed , and since they collapsed it's been nothing but down , indicating complete lack of genuine adequate support at *any* price since the ATH ... toss in lack of transparency or regulation of any kind for the existing exchanges so it's fairly likely at least a few are actively insider trading/rigging the market/pulling a mtgox ... fuck ... take your pick as to why it's going down ... it goes up only if major $ comes in and buys millions worth in a matter of hours to force the price up / when exchanges use false money or existing customer funds to force the price up through illegal insider trading)

*sigh* ... fixed it ... *you're welcome* 

It's a currently valued at less than $3B cap "currency" with worldwide combined books containing legitimate fiat funds of probably less than $50M total so let's call it 50:1 at best for a value to actual money ratio aka bad , so even the big holders only 1/50 gets to cash out when *the* collapse occurs ...

There's 1000 people with combined millions of coins aka the top of the pyramid architects/early miners/pyramid participants and they got all those coins basically for free just by running a piece of software on their laptops so now they can dump indefinitely and make guaranteed $$$ from shorting in the process , as well as continually re-buying lower and continuing to dump if desired ...

Also there's 3600 coins produced daily mostly by industrial miners which by itself is too much for the market to handle if they were all being sold continuously ...

Also there's give or take 1,000,000 stolen bitcoins floating around the internet out of the 14,000,000 supply , which may or may not have been already dumped and those are also kind of "free" in that they were stolen ...

Add to that the likelihood of the entire price history of bitcoin having been dictated by the fraudulent exchange mtgox , which was the only bitcoin exchange for years and years from the beginning and cooked it's books to the tune of billions of dollars and the chart history from pennies to 1200 to now cannot be trusted whatsoever until after they collapsed , and since they collapsed it's been nothing but down , indicating complete lack of genuine adequate support at *any* price since the ATH ...

Toss in lack of transparency or regulation of any kind for the existing exchanges so it's fairly likely at least a few are actively insider trading/rigging the market/pulling a mtgox ...

Fuck ... take your pick as to why it's going down ...

It goes up only if major $ comes in and buys millions worth in a matter of hours to force the price up / when exchanges use false money or existing customer funds to force the price up through illegal insider trading ...

Good news everybody ! My doc put me on valium prozac and torodol ! Plus I'm still drinking ! So I looooove all of you ! Also I no longer care about money or material possessions ! I'm gonna buy a sailboat and find some palm trees some place to string up my hammock ! (i have some really nice incredibly soft hand made hammocks from belize) I'll hang onto my bitcoin and live on my beach until I'm rich or a beach bum hippie ! Yay bitcoin and yay fiat and all of the people of earth hold hands and sing together ! LA lal la la lal lalallalal la !

also i picked up 5 extra coin at sub 220 so yay i *think* that may be bottom i dunno what my cost average is but its goooooood ... if we go above 300 i get to be a perma bull ... love that simpsons episode ... zoked out bruns was awesome ... gotta say my favorite is when homer eats the guatamalan insanity peppers of quatzatangatononga at the chili festival though ! life is beautiful and short and you all are crazy to care about money so much !

aaaand homers search for a soul mate yeilds a lighthouse keeping robot !

love harder !

everythings soft and tastes like purple

Danger ! Danger Will Robinson !

        

hoping / looking like this fucking retarded dump is over for now having done 50 lower in the last like 2 hours and 100 down in the last like day

yet again the market gets fucked by what always happens with bitcoin - going along great market totally bullish good things happening and looking like further gains coming , and then whammo the inevitable "unexpected untimely and unpredictable" bullshit event or overblown news "occurs" more likely is made to happen to coincide with an up market and is used as an excuse to slam the market either caused by or accompanied always by likely fabricated intentional "technical issues" on the exchanges , only recovering once the market is so totally panic oversold that it whiplashes back up violently

looks like for now 655 may have been the local bottom guess it had to bounce off of something at some point

sure made a lot of sense to panic shed a billion+ $ in value in a day because the internet is acting up at bitfinex


yes it absolutely is as ridiculously staged as a Shakespearean play

right ... so ... now i've been robbed by mintpal cryptsy and bitfinex to the tune of 33btc , 30 of which just happened on bitfinex and i am officially wiped out now my life is fucking ruined i feel like i wanna die right now im literally sobbing oh god this cant be happening