Bitcoin was created by DARPA as a means to slowly introduce a paperless, cashless, society. Satoshi is not a single person but represents an entire collective of spook geeks. Just like they released the Wild West of the Internet, they released Bitcoin.

They have slowly reigned in freedom from the Internet and have turned it into a mass surveillance grid. They will do the same with bitcoin.

The worlds largest conspiracy site has explained it rather well and documented it with facts. Problem is that no one in the Wild West cares.

http://www.godlikeproductions.com/forum1/message2417375/pg1

a complete protocol failure

I'm all out of fiat...
note to self: I need to start selling random stuff from my house for BTC.

Hopefully this wall will be gone by tomorrow. Also, the US is still sleeping, wait a few hours.

Most US people I know like to trade at broad daylight
There will surely be more traders tomorrow(?) than it is now. What's it like there, 1 AM?

Ahoy-hoy Bitcoin people. I have been lurking here for well over a year but neglected joining partly because my girlfriend induced in me a soporific, hedonistic, idleness. I spent months trying to teach her about bitcoin - I even gave her a couple back in the bubble at the end of last year - then a few weeks ago she asked me if I could trust all of my savings with "the bitcoin company"! I told her that my bitcoins are stored in my head. Her eyes glazed over, and our relationship had to end.
      So, here I am. As a second best alternative to a hot Chinese girl , I suppose I may start to post musings on small percentage changes in the dollar rate of the good old bitcoin.

Pirate Ragnar

f this i quit this fourm.

Physics does not want to understand all the universe.  It only wants to understands how its parts work, and generally limits itself to the smallest and simplest parts.

Phisicists may study the behavior of isolated atoms of generic bonds between atoms, but if you ask them to predict what a dozen atoms will do when they get together, they will tell you "sorry that's Chemistry, not Phisics".  Ditto if you want to predict tomorrow's weather, create a better strain of wheat, cook a good meal, pick up a girl at the bar...

And even the simplest "economic atoms" are already way more complicated than a tropical storm...

Agreed with all, except that statistical mechanics considers large numbers of SIMILAR atoms with VERY SIMPLE interactions (such as elastic collisions).  If you have several types of atoms mixed together, or they interact in slightly more complex ways (eg. by covalent bonds) then Statistical Mechanics has nothing to say.

Hodl* On for Dear Life.

It's not a secret event.  But I'm pretty sure if I publicly identify what I discovered as the main source for Bitcoin bubbles, it will permanently end it.

yeah! all my dedication and hard work has paid off.

I would like to begin my heroic status with the following message:

Has anyone posted this here yet?

http://www.coindesk.com/banks-cut-ties-isle-mans-bitcoin-industry/

I believe several exchanges used banks in Isle of Man to process their fiat.

are you serious?

Tiny dead cat bounce up to 425 before we crash to sub 350.

google trend clearly shows whats going on with btc http://www.google.com/trends/explore#q=%2Fm%2F05p0rrx&cmpt=q

I've got 52 bitcoin be aware they are more SLIPPERY the more you have......(the call of 'spend me' in tiny btc voices can be heard the more you have)

just saying

http://phys.org/news/2014-10-physicists-silicon-quantum.html


Not FUD! Game over Bitcoin!

How long before the arb bots start eating into the asks at stamp?

I hope we climb slowly. BTC needs to get less volatile.

Open-source peer2peer cryptocurrency eagerly anticipates centralized regulation. Love the irony there. We should get MS or Apple to take over the core development too, because humans can't really do anything without some central authority.

Rally to 450 is fairly possible. Not sure why someone would dump back down to 370 after seeing it rally twice. Unless whale buyer and whale seller are the same and are trying to accumulate in this range.

I sold 200 BTC at $50 dollar increments above $100 on my wife's insistence.  I'm still pissed about those trades.

But I forgave when she nagged me to dump 50 BTC at $1150.

Anybody still buying regularly?

I'm a HODLER but at a bit of a cross roads right now regarding 'do I stick with what I have' or 'keep buying'.
No positive news at all for a while now but then again no real negative news.

It's all gone a bit boring.....

Nejc Kodric gonna be in a heap of shit too if he can't pay back.

I happen to be in the process of making a physical coin together with someone else.
If you think there would be real demand I honestly consider to make it, why not.

Well it's not hard to satisfy a man, but it takes a skilled woman to really give you that truly mind-blowing sex.

...

I don't see why people that believe in Bitcoin are so against seeing it go to fractions of a dollar...maybe its supposed to be this way?

I think everyone would be fine if they stopped treating Bitcoin like fiat.

What do you think about this plan :

1. Set a buy order @20.000000001$ (20$ is a pretty much confirmed target, forum bears proven to be correct 100% of the time)
2. Freeze yourself




3. Wake up xx years later as a multibillionaire


Any flaws?

Too all the bulls who have the balls

March 05, 2015, pigs! It´s coming and it doesn´t give a shit about silvercoon´s dumb arguments and what these bulltards are mumbling about in this swamp 24/7.

Sell @ $275.59

Mr Thecat still pops up every now and then still. I'm not sure why he's worth listening to though.

the etf is completely necessary for bitcoin to attain a high valuation (and by high, let's say over 12b, previous ATH).

i came here for some advise on what the price of btc will be and ive realized nobody knows lol
my guess is as good as yours! its always changing and theres no real way to predict the prices of btc i think

I still wonder why almost all of the recent price increases are based on small time frame large 2-3 thousand volume candles. And I still wonder if some sort of institutional investor is buying the coins, waiting for the next dip and rebuying in order to cause less of a price hike. If you look at the finiex 15 minute candles you will see two large 3k volume boosts in price followed by a decline back to the baseline ~300 volume. Looks like a single person buying to me.

mucho *ka-ching ka-ching* . Every profit that i made in the last 2 weeks has been instantly converted to $ and is now on my bank account, which will provide me a nice 3-4 months vacation in brazil this summer. So much for the bulls argument that every "bear" aka"troll" secretly just wants to accumulate more cheap bitcoins. FUCK HODL AND FUCK BTC. BRING ON THE REAL MONNNEEEZ 

Don't listen to what others say about the market. Listen to what it tells you about itself.

ETA on next major rally? 

Hello gentlemen, we're new and are real interested in purchasing a few of your new world reserve currencies!  We got money, and can get more, too!
Have we come to the right place?

Not the monetary freedom part but they have to realize that every cup of coffee and micro transaction on the planet can't possibly and shouldn't be kept in the blockchain.

Buyed 6 BTC at $250 each 2 weeks ago.

getting real close to a buyer's strike mentality and serious illiquidity .... dangerous territory for highly leveraged shorts and exchanges that harbour them with a limited good

To be honest I think we'll visit 490's again, it is a bit too fast so early

Not gonna happen. Non of the dems will vote for him, and half of the GOP won't vote for him

The real question is when do we fork off those criminal coins?

Remember Bitfloor? Remember MT Gox? Remember Moola? Remember Cryptsy? Remember … and never forget!!!!

When _will_ you people learn?

Textbook gambling addiction response.

If it can happen to Bitfinex it can happen to Coinbase too.

That will make bitcoin worthless if that day ever happens. And nothing is impossible in this day and age of technoterrorism.

I'm looking ferrariward for a rally that will crush detractors and bring them into a soiled state.

You better hope that BTC won't become the "global economic unity". If so even one BTC would be worth hundreds of millions US$ and every current holder would be haunted.

Agree. But to me BTC gets "stratospheric" only in a post-state-situation where states have collapsed and BTC becomes the new FIAT and in such a situation you have basically no state on your side that guards you as a rich person. So you go and buy a house and the next day some idiot just comes and moves in with his family. 

Then you need a special security company that helps you to get that asshole out of your house and you hope that his security company isnt better/more capable than yours. 

But now we are way OT cause those are basically issues of anarcho-capitalism.

Frankly the parameters of activation are nearly impossible.

Informative posts guys. So, back on track......What is bitcoin playing at?

Kim Dot(coin) is not the best image for us to be pushing...illegal copywrite issues idk  

r0ach's purpose here is to constantly bash bitcoin and shill for Gold instead.

And yet for someone that seems to abhor bitcoin, he continues to spend an inordinate amount of time on this sub.   Much like MattTheCat.  And like JStofli used to.

Go figure.  

i make holiday during jan
now i look  btc chart is so strange in chinesse,
can somebody tell me why their volume is so low, from miliion btc daily to only thousands daily average volume?
thyanks

Now people are used to the idea of $1000 it won't be going back below it again. After the next blow off top the bears will be expecting to see triple digits again, but it won't happen.

We're climbing up again. Is $1200 a shoo-in by the end of the week?

Yes, but "do nothing" in this case means keeping the status quo, shich means "No ETF". The SEC has nothing to gain from such an approval only to loose if lots and lots of money flows into that thing and it fucks up big time in some years from now. Then everybody will be like "Who approved that shit!?"

^mazacoin bitcoin dev begging for donations! :-D look up his facebook! wow

what is a bit and how do I get the coin?

sure, it is possible to climb much further on the so called wall of worry, but it won't last long in my opinion. Btw., I was also doubting we get through $1k and now to $1163 that easily, but we made it. So technical indicators screaming overbought is one thing, and what market is able to do is the other.

you're forgetting how meaningless market cap is compared to real money.

25 billion real dollars put into bitcoin would push the price far beyond $2500. right now you could probably reach that price on the exchanges by spending 50-100 million dollars in one shot.

Market cap notion used in Bitcoin (and altcoin) sphere is a pure nonsense. It is extremely misleading to multiply the current price by the number of coins, thinking (wishfully) that all of the coins can be, all of a sudden, sold at this price.

how about that 1000 USD per BTC party guys?
when and where will it take place?

U ppl discussing politics makes me giggle at your incompetence!


Because I have tried to write a book on "what should the perfect system look like??" ... And then I figured out how backwards we are in our evolution. And the optimal solution would be very drastic and we would not accept it, just because we are so behind in our evolution.


For example... in the future of the human race, there will be an implementation of a "robot government", like a computer program. And this will start by different parts of the actual governments being moved towards automatization! Meaning that the repetitive tasks of the day to day needs of public servants will be moved in that direction! Mostly it will be because efficiency and costs, but it will mostly 99.9% remove corruption!

This all feels nice and trendy. But there are other aspects that might not seem to matter now, but will bite us in the ass later. For example, war is somehow a necessary evil, but we should try to make it virtual. And another goal of humanity is immortality, but what actually bothers humans is that they can't live multiple lives and have infinite power, or more power to achieve their "vision"... wtf that might mean, because humans are a bit batsh!t crazy!  ... That will also be achieved with MMO's ... having 5-6 accounts of "sims" and living multiple lives that will be controlling robots in real life doing farming, golfing, fishing, mining Everest, visiting space... etc... People will try to find the meaning of life & other sh!t.  


U'r political contradictions are a bit cute and funny! ... Because the answer is "a combination of most of them, more or less!" ...    

You are wrong there! ... We need to have a real impact, in the real world. The consumerism without the burden of having 100 billion people, but having 20 billion doing stupid sh!t with 120 billion humanoid robots.

You can imagine that?? ... One day you can be a thief and steal or break sh!t ... Then... You can be one day a detective... and solve the thieving and breaking of sh!t on other sides of the world. It would be total chaos...

Sh!t!... Can you imagine all the economic growth on all that madness!??    

The $1200 barrier is strong, we will see side trading for a few more weeks and the price dont fall to the $1000 level again. If we can go above the current wall in the next month, then maybe the fomo will be trigger.

When ETF gets aproved we will reach 10k this year. Without ETF aproval we will reach $1300 at the end of the year

What is up with the gold parity and Gox ATH and so?
Just asking.

I have been thinking/reading about this lately. My conclusion is that gold is nothing more than a vanity asset, and will never reach the "promise land" while bitcoin can. Here are the things to consider why i have reached this conclusion:

1. Potential for increased adoption for Store of value:

Gold was and is a store of value for thousands of years. That sound like a plus, but, actually that shows gold has no 100 millions of future adopters ahead of it. Everyone knows gold, especially governments want to hoard it (which should raise a red flag, it means they think/will act on to control it). Young people (20-40), apart from India and similar low economic wealth societies, has no interest in hoarding gold.

Bitcoin - as for any other technological adaptation cycle shows us - has no upper limit on the number of potential investors, 99.99% of the population has still no clue what is it, also, it can adapt to any human behavior, unlike gold, which has fixed, "intrinsic" properties (and hence fixed, unsolvable limitations, like weight, space, which lead to fractional paper gold reserves already, unlike bitcoin, where everyone can instantly proof, that his bitcoin exists, and only he has control over it).

2. Liquidity and actual economic activity:

Gold has no practical economic use (actually, the fact that it can be used in electronics, medicine and art makes it less "money")
in everyday life. No gold coin can realistically be used to pay for goods/services in a "Monday morning coffee" situation. The only way to release the economic value from gold holdings is to trade it - with much hassle, limited trading hours, extremely limited and actual physical presence in a gold "pawn shop" - for a more liquid asset, like USD or *cough* bitcoin. While this ain't that such a big deal for long time holders, still, compared to "digital gold", the premium for physicality is huge in comparison.

Bitcoin is a different animal, a perfect embodiment of the Informational Age sentiment, waaay more liquid in real life market events - by that i mean: i can actually use my bitcoins for beer, food, groceries, etc., right now(!), while my gold bars can not be used directly for any payment, or transferred through the globe, 0-24h. Bitcoin leaves gold in the dustbin of history regarding actual economic activity, and, you can not upgrade the "features" of gold, unlike bitcoin's.

TLDR; for an investor, there is no logical reason based on the above, to postulate a 10x value increase in 5 years for gold, while there are many reasons to do it for bitcoin. Hence, as a long term store of value, "digital gold" beats old school gold, and the opportunity cost of holding one of them is in an obvious non equilibrium in favor of bitcoin, which will start a self generating cycle of gold investment ---> bitcoin investment.

What does this mean?

My good friend is Pete McMillan and he works as a clerk for the SEC. He sent me a screenshot yesterday of his laptop. On it was the press release for next Wednesday on the Bitcoin Winklevii ETF... So the decision has already been made folks.

I thought this bit of information would silence the debate that has been raging the past few hours. Remember to only invest more than you can afford and never take the advice of anyone that is prepared to give it. Also, remember that no shoes were made for a cobbler's feet before they are first made for his children.

Bitcoin is too volatile to act as a currency there will be soon no point to owning it.

Anyone's life savings depending on this decision?

 

Now waiting for a dip down to 950$.

Happy days, the price is creeping up. Whilst nothing overly exciting (long term) a successful assault on $1300 would feel good.

As for BFX, they've had so many problems over the last year or two. I have no idea why people were still willing to leave bitcoin's or USD there. So many warnings but people continued to use them. Fuckinh stupid if you ask me.

I have been pondering this a bit too.

My dollar situation on Bitfinex is a bit strange.

In August 2016, just like everyone else who held value on Bitfinex, about 36% of my value on Bitfinex was socialized into BFX tokens, and over about 7 months those BFX tokens were slowly reimbursed.. maybe around 10% of them were reimbursed into dollars between September 2016 and March 2017, even though bitcoin prices doubled during that time.

So, yeah there ended up being opportunity costs to have had value tied up in BFX tokens, but then April 3, Bitfinex reimbursed 100% of all of the then outstanding BFX tokens, which caused my account to have a larger percentage of dollars in the account.

Thereafter, when the bank account drama developed and therefore BTC price disparities, it became less feasible to buy bitcoins with dollars on Bitfinex because the price of bitcoins on Bitfinex turned into about a 5-8% premium.

And, again the price disparity that conveniently came after they had redeemed all BFX tokens seems like another opportunity for insiders on Bitfinex to game the system.

Sure, I don't really want to read malice into coincidences and/or incompetence, but sometimes the longer that the disparity exists, the more opportunities seem to exist for insiders to exploit and make appearances as one thing when other things are going on (isn't that smoke and mirrors?).
 
I guess that I am saying that the situation can become a bit more irritating, when you might hold value there and then you recognize these little ways in which your value is potentially being undermined and/or manipulated in ways that are really difficult to prove.

Again, I am not really much of any kind of conspiracist, but these coincidental disparities continue to cause concerns.

I don't mind giving some benefit of the doubt to various exchange operators or even attempting to ascribe some incidentalness to whatever situation develops - yet you come off as giving way too much credence to them and also acting as if we really know what happened and what is happening. 

The world is much more complicated with a variety of players - and several Bitfinex insiders know a whole hell-of-a lot more than what they are sharing, and no doubt that there is a variety of risk, too, and sure it is much better for many of us that Bitfinex chose to socialize some of the risk (and loss) rather than to run off with bitcoins.. .but in the end, there are a variety of players and a variety of levels information, misinformation and spin - and at this point, we cannot really know the answers to some of the questions that you seem to assume.

What's this about that Jillian Wu/Bitmain being a shady cheating asick-boosting cock-warmer? Is this the wee lad who is primarily responsible for holding Segwit back? Somebody should walk over to him and politely explain to him he's in the badgers way.

We should cast this one out to sea already. Everyone who has come up against the badger has left minus any wealth and dignity they once had. Mike, Gavin were the ones with the most 'capital' as they made some contributions earlier, but when they wanted to go against logic and push an agenda, Bitcoin folded them like cheap lawn chairs. They had nasty intentions and the economic majority crushed their fat heads.

Mine was printed on a laser printer, stuffed in a waterproof baggie, put in a waterproof pelican case, stored in a fireproof safe.

Ok, so hardware wallet: Trezor or Ledger? I heard about Case before, or is that too much?

There is also crypto steel, or metal wallets. (also plastic wallets, kiddy alphabet wallets, engraved wood or metal wallets, etc, whatever; they're all "paper".)

masterluc hasn't adjusted his top call of ~$9588 afaik ... so there is that one (based bull run beginning around low of $155 and previous adoption wave amplitudes 62x)

I completely agree. Staying above 1200 though

example:

https://www.youtube.com/watch?v=fUVTb8-i93s

well that's easy.

hodl bitcoin

dump ETH.

Can anyone inform me with the latest segwith news?
I do not get it anymore.. When does it come?

 Huh?  Final?!

So who knows - maybe Jihan and Ver will repump the old shitcoin. I'll be ready.

You know what they say about boats.... the two best days are the day you buy it, and the day you sell it.

Likely answer is yes. It's not about consistency or logic, just about how much money the taxman can get out of us.

I don't know, but even my dumb-ass litecoin is mooning. This is really one of those kinds of days I feel sad for buying towels a few years back for .25btc or so...

Countries might not feel the need to fill their reserves with Bitcoins. They might encourage innovation, regulate bitcoin trades, but buying bitcoins would indicate that they didn't have faith in their own currency. That won't happen quickly.

You are going to get yourself in a pickle if you are giving that kind of advice.

First you should attempt from giving any advice at all, but if you do give advice it should be to hodl or wait to buy.. you don't be so fucken dumb as to tell people to sell when the price dropped 25% already... 

Is that what you are doing?  Are you selling now?

Sometimes, I don't tell people what to do, but I will tell them what I am doing which is kind of a suggestion that they could consider something similar.. but in the end, they are on their own.  Every man for himself.. even if he is not a he.   

Because events like this unfold, I protest the root of it by supporting something better. BTC
To me it feels like the only solid recourse I have to fight with outside of speaking to others what I see.
Bitcoin is more deadly than guns for the 1% and if we succeed, it will be because enough see it the same way.