Meh

You wanna do it in my butt? In the butt. You wanna do it in my butt? In the butt.
Ok.

My TA:

Yes.

March/April 2028. When the 10 dudes that are gonna hold all the worthless coins are gonna exchange it at that price back and forth between each other just for the lulz.

Nobody wants to buy your bags bro

Dump it.

Telling people to get out of BTC before it crashes! What a bunch of assholes  

Yeah, I'm surprised too.






...Too high.

Adam getting bearish?

A cycle that is gonna go on forever, it's just natural. Speculative bubbles last forever, I am told.

Price crashes in 2011, eventually it comes back up.
Price crashes in 2013, eventually it comes back up.  --> bitcoiners start to learn the association "Crash + other bull market and other bubble".

Bitcoiners have learned the association. Whenever market crashes, they start dreaming of an amazing recovery and another bull market.



Price crashes in 2014 and beginning of 2015.           --> bitcoiners are now conditioned. They will see a crash, they start dreaming of an amazing recovery, another bull market and another bubble breaking the ATH.



Repeat until broken conditioning.

Bitcoin will save the world!


You have to consider all the criminals, scammers, frauds, cloudmining ponzis, exchanges closing, cultists dreaming of amazing imaginary returns as the price crashes potential!

Adopting a free falling, slow as fuck, non scalable currency under hyperinflation that requires enormous amounts on energy to be wasted just in order to keep a ledger going!

Amazing what you can do with technology right?

I'm trying to post bad news to pump the price, but it doesn't seem to be working really well...


http://www.coindesk.com/mining-asics-technologies-bankrupt/

Litecoin almost at 1 and a half dollars.


lol


This is what is waiting for you bitcoiners. Will you be with the bagholders side? Or the "stay safe and watch the ship sink" side?

People buying on localbitcoins are fucking retards.

I mean, I can perfectly understand people SELLING bitcoins there (you get a premium and you launder money perfectly if you are a criminal), but BUYING THEM there?
Are you an idiot? Why the hell would you pay a lot more for your coins if they might be stolen coins everybody is tracking in the blockchain?



I guess the most retarded combo would be: "investor" in bitcoins bought on localbitcoins and r/bitcoin enthusiast.
Like, it can't get anymore retarded than that lol

Jokes aside:

My friends, it's time to admit to yourselves that bitcoin is not the champion of freedom or the efficient disruptive technology you thought it was.
Is not salvation from anything.

It was just a speculative bubble that sucked many people while smart money was profiting from having invested early and cashing out at the right time.

I like to troll and have a laugh in here (although the arguments I post are perfectly valid and you are invited to contradict me), but to be honest I don't like seeing a lot of people being crushed by pump and dumps and wild speculation while their dreams are being slowly destroyed.



But in the end, if you followed rule number one (never invest more than you are afford to lose), it's all good, we all make mistakes in life.
Time to grow and move on.


Life ain't all about greed and money, you know?  

Sheep detected.

They talk about "potential of blockchain technology" (the only excuse to pump BTC left for the permabulls), but as already explained my friend, that doesn't mean that THE BITCOIN BLOCKCHAIN or its joke currency actually have a future.

They are not even making sense.

1 Timothy 6:10

"For the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs."


But don't worry, bitcoin is not actual money, so it doesn't count. Tell your pastor to HODL them  
The spirit of Satoshi will show him the way  

Hallelujah!

lel

Remember gentlemen, there is no spoon.

Whales and early adopters still in BTC be like:

Slowly going for double digits. We don't need BTC-E fat fingers fo' that.


Double digits and no recovery.
We'll see how bulls like them cheap coinz.

Can I fuck it?

https://www.youtube.com/watch?v=IKBJxZf-Dgs

He is a greedy and megalomaniac sociopath, perfectly appropriate for the bitcoin environment.

His "agenda" was simply to GTFO and take his 9-10 million dollars out of this free falling mess.

Actually no, it appears the 30k coins bearwhale was an early adopter from 2012 who never touched his coins before cashing out:

https://twitter.com/dan_pantera/status/519294855999406081

https://twitter.com/dan_pantera/status/519295481072324608


AKA, a delusional permabull who dreamed too big but got a lot less in the end, eventually realised his mistake.
Some permebulls still haven't got the message though.

Szabo IS Satoshi.

"Great bullmarket". ROTFL.

And why would that happen kind sir? despair phase?

If there is no demand for bitcoin anymore now that the pump&dump is over and the world doesn't give a fuck about bitcoin anymore, why would that suddenly change? just because it did in the past before the actual bubble bursted?

And no it doesn't have to go to 0, it could slowly fall every week and slowly reach some stability at like $1 or something and be used by some small pocket pump&dumpers to take the lunch money out of the hands of some amateur penny stock traders on a daily basis. Basically, obscurity.
And the process might be slow, so bitcoin will gradually waste your life.

That, or a crash right to 0 while the order books are being wiped out by early adopters and whales who will suddenly realize that their fortunes will be worth a few grand or actually nothing at all if they don't get out in time.

After CEX.IO:


https://deltafinancial.com/




https://www.youtube.com/watch?v=rY0WxgSXdEE

Still not accepting that it was just one big pump&dump and moving on with life?

Good choice, gentlemen.

Just GTFO, can't you see it's a mess?

bitchcoin is a bitch, you should margin call her and tell her you wanna dump her.

   

Bitcoiners are fucking fools. KThxbai
-God.

Or maybe they just started to give their opinions and post their concerns about something pretty serious where money was involved and they were insulted/ridiculed?

perma-bull bitcoiners = got people screwed
the "trolls" = could have saved them a lot of money



Who is the troll here?




Oh sorry, I forgot you think I'm here to buy in cheap, yep. Gotta love them cheap bitcoins. I just can't get enough.

PS: Cut your loose.

lol



By the way bulltards, how do you like that?

The only reason to go up temporarily would be a short squeeze?

Nice, tell that to the greater fools new bitcoin investors. Best reason to buy something evah.
Go, evangelise!  

Abandon ship, GTFO or run for the hills?

And yet... still...

Until it goes to $1 I would say it's safe for you to HODL, no reason to panic. Bull market still perfectly intact.





Playing the game gentlemen?





Who will be the last one holding the bag?

Idiot permabulltard, that's not my phone.

It's from this guy on twitter:

https://twitter.com/RNR_0/status/555059657379971072

Losing real money or being called a troll on the internet? What's worse you say?

Damn, I don't know.

Always a good time for a reminder my dear friends.




   

I follow the dude on twatter because he is a crazy kid who posts funny dumb shit (but he is a bulltard like you sometimes, he got margin called several times few days ago).
the guy thought that the bottom would be at 270 (lel):  https://twitter.com/RNR_0/status/553874883361636353

While on the same day I posted my thread here, check all the other posts too, see if it looks like I thought this shit has a bottom.
https://bitcointalk.org/index.php?topic=920101.0

"Rally".


Never learn. Not even once.






By the way, more good news to show the potential of this disruptive revolutionary technology:

http://newsbtc.com/2015/01/13/ponzi-company-disappears-1000-btc/

LOL

Most ridiculous TA I have ever seen in my life.

Not even a decent bounce right away before the next leg uh?  

BTC-E already made a new low. Enjoy your despair capitulation phase.
/s







And stop scamming people into buying this shit.

Bitcoiners cheering for $188 coins,


$188!




ROTFL

Bitcoin is collapsing.

Remember who told you it would happen.
"Trolls" right?

This is the part where permabulltards buy during what they think is "capitulation" and they lose everything.

Why don't you talk about the bid sum on Huobi and Okcoin  or BTCChina (THEY move the market, not bitswap and short-covering-finex) that show a totally different picture?

After the hack bitstamp is irrelevant. Bitfinex is just shorters taking profits.
The fact that the bid sum is higher now doesn't mean this is the bottom, at all. It could mean that it's gonna take a little more time to dump through those levels.

Last time we had big volume? during the $475 bulltrap.

Of course there is insane volume and sentiment is depressed. The tulip mania is collapsing.
What do you expect to happen when btc dies? low volume and everyone is happy?



If you're buying just to dump higher it's all good, just remember to wave goodbye to the BTCeanies when it's time 

He is just some dude with some insider info.

He was trying to pump the price before the crash lol


Too bad that most of the time news or insider info do NOT move price (not major moves anyway), it's an illusion.

"Where do all these coins keep coming from"


Stop.


YOU. DON'T. UNDERSTAND. MARKETS.

I'm lolling.

Shit's ded AF

I am very bullshit on bitcoin at the moment.

Holy shit that thing is insane! lol
Mother of god.

Great stuff man!



Unfortunately tho, bitcoin to the moon is not possible, sorry  
Buy her some tulips, at least those are nice 

Bulls, do not go on any further.

I fucking lol'd hard 
Well done Sir.

Heroin is for lil bitches.
Step your drugz game up bruh.

"Traders who wanted to sell already sold"

Do you even know how markets work?


And d00d please stop calling bottoms, you have been saying "bears return to your caves" since $800 for fuck's sake, why should anybody listen to you? lmao


Number of shorts and longs open on bitfinex is not a reliable indicator, not in the way you are using it anyway.
A lot of people are short (still more longs tho) simply because any trader that is not a clueless permabull can see that this thing is about to go down 

Shorters have been right for months, you have been wrong all the time 

Bitcoiners, look what you have done. These guys work hard and they are getting screwed because of you.



http://uk.businessinsider.com/bitcoin-crash-drug-dealers-2015-1?r=US

Patience, biotch.










 

Karpeles playing with his Willy and China were probably the reasons this thing reached the $260 and $1200 levels in the first place.

Willy is a thing of the past now, and regarding China, looks like they bailed long ago  











Our bulgarian friends have always BTC to dump too, not much fiat to gobble up on them cheap coinz tho  





PS: not posting bitswamp because irrelevant after the post-hack exodus (and before the hack the picture is the same, demand totally drying up and progressively going to shit), and finex is just shorters taking profit with the maker-taker bullshit.

Doesn't sound like a pump&dump at all, but keep glorifying it  

That's what people said at $800, $700, $600, $500, $400, $300.

The main reasons for the $1000 bubble right after the SR 1.0 seizure were Willy bot and China.

2011 was a penny stock pump&dump, that's the reason it deflated.
But still, marketcap was still nothing and it could easily be pumped a lot higher after some time.

Now situation is different. To pump this thing a lot more funds are necessary. Inflation at $500-$1000 is insane so nobody in his right mind would pump this shit knowing that it won't go anywhere anyway. So it probably won't happen.

Not really, he understands how it's mostly a fad, unlike others here who are just pumping their investment.

If you think what you just said, I would appreciate you answer the points I raised in my post here.


https://bitcointalk.org/index.php?topic=931714.msg10236780#msg10236780

computer/internet were a revolution, yeah.


Pets.com, wasn't.

Same with bitcoin.

I'm afraid I know what bitcoin is a lot better than you.

You too are welcome to answer the points I raised here:

https://bitcointalk.org/index.php?topic=931714.msg10236780#msg10236780

Arguments should speak for themselves, looks like you don't have any.

bulltrap probably already over, I thought btc could do better.
Might be time to go home gents  

Looks like a high number of coins are being bought and sold back and forth, check the price history on bitcoinwisdom.

Nice trolling. You still haven't answered my post here:
Especially the second part.

https://bitcointalk.org/index.php?topic=931714.msg10236780#msg10236780

Since you prefer trolling, I'll have some fun myself:


Was the $475 November bulltrap "a trend" when you posted this?

Good day to you bitcoiners, looks like the pump&dump had more steam than I thought.

But anyway, does that pic tell you anything my friends?

We can safely say that the Coinbase 2015 pump&dump is officially over.

Thanks for playing. We appreciate your collaboration.


Now it's time to dump again.





lol

You had a good run, but now it's over, now it's time for the beartrolls again, sorry  
We'll try to be gentle lol

I'm gonna spell it out for you guys:




Coinbase news was a pump&dump, exactly like the LTC on Huobi pump and all the other countless attempts to dump higher!
Insiders buy before anyone knows anything, all the other people buy at the announcement and at the countdown. Smart traders dump as soon as the site is online!


It's not difficult to understand! It's always the same thing.

Good thing coinbase is bringing regulation to BTC right? LOOOOOOOOL

I'm serious guys.

If you don't know what's going on you are simply clueless. This is your chance to understand what a news hype pump&dump is.
Don't waste it bagholding 

I thought the "news" was the announcement that coinbase was launching a regulated exchange.

Turns out that the "news" in the "buy the rumor sell the news" was actually the site launching.

Timing was slightly off, but the idea remains  

That's why we had the pump in the first place  

You need to have an account.
You go to the "Trade" page, you go to "Liquidation", you click "Last 7 Days: Filled" and you have all the margin calls of all users.

Just a reminder of what this big bulltrap we had lately was:







The crash has officially resumed.
You're welcome.

It will take a little bit of time to gradually go down again, look at the bulltrap we had in november. same thing.

You tellin' me bubbles go on forever?

These fucking guys lmao



"Buy my bags! Trillions I tell you! Trillions!"



 

Yeah I think everybody by now knows about that video  
It's how the BTCitcoin - BTCeanie BTCabies analogy all started  

Great reminder of how things can turn out tho  



But don't worry guys, NSYE invested in a BTCeanies Bitcoin exchange. This time is different!!!11

I see what you're trying to do here  



"Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm ...  Fuck it, who am I kiddin'? to the moooooooon let's get rich dumping bags on some noobs! yeaah "



 




 

Fuck this ocupy bullshit scam, son.


https://twitter.com/Max_S_Dolphin/status/557173483667337217

Hey bitcoiner kids, listen to Your Mother and stop buying snake oil BTCeanie BTCabies tulips Bitcoins, or else she'll tell you the truth when you're broke.

hahahahahahahah

http://beanietalk.org/

Damn, shit's more fucked up than I thought:


http://motherboard.vice.com/read/the-silk-road-boss-allegedly-encouraged-the-hells-angels-to-kill-a-blackmailer

Now with music 


http://beanietalk.org/

Absence of regulations, wild west penny stock pumps and shenaningans-driven exchanges is one of the reasons bitcoin's price pumped as much as it did.
Why should people give two shits about a regulated bitcoin exchange?

Tony Gallippi is just desperately trying to hype.
I wanna remind y'all that Barry Silbert said the same thing all throughout 2014. "I know that Wall Street is coming into bitcoin in a big way".

Guess naht lel

15k BTC is absolutely nothing. Especially now that their USD value is low because of the low price.
I would say shorts are pretty low.

Sure, sure.


If it goes to double digits will you be telling yourself the same ad infinitum?


Damn, the price of this penny stock crashed, Wall Street must be dying to buy all of this shit! Get in while you can!

I would dump all at the speed of light. I would get the money out and never look back.

All exchanges dumping, what a surprise eh bitcoiners?

Keep telling yourself that as we go down and down and down and down and down and down and down and down

If it makes you feel good about it...

You bulls are so gullible it's fun.


This time is for real? right? right?


 

Bitcoiners: Screaming "new bull market incoming, to the moon" at every bounce during a neverending bearmarket since december 2013  


Don't you worry, this time is for real.

Price pumpin'. When the pump is over, what's gonna happen next?  

No.

What are you waiting bitcoiners? put your life savings in this shit!
This time is the moon for real. breaking the ATH and $10k soon after minimum. It's not like all the other 341341234109 times when price failed and dumped again!
You can trust me!

Chinese pump. Simple as that.
Eventually it will start to dump again, don't know if at these level or a little bit higher, but who cares. Doesn't matter.

I'm gonna tell you a secret: The fact that price went into bubbles in the past doesn't mean that it will continue to do that.
Speculative pump&dumps and bubbles don't go on forever.

I know, it's shocking.

Don't worry my friend, bitcoin bubbles will go on forever and never stop.
You just need a little faith!

Or maybe one should ignore the noise and the consolidations, because that's what these movements are?

Personally I don't give much of a fuck about these.



Contrarian indicator? I know someone who has been a contrarian indicator that screamed that the bottom was in quite a few times since the start of 2014, but we don't wanna go there do we?  

We are way beyond that my friend 

Look what we have here, a marriage destroyed by bitcoin permabulling and shilling:


http://www.reddit.com/r/relationships/comments/2uovrl/me_28_f_with_my_husband_31_m_5_years_will_not/

"Our whole lives is an emotional rollercoaster based off of absolutely nothing. Every time it goes up a few dollars he rubs it in my face how wrong I was. He ignores long term trends and focuses on these specific time frames to show me how stupid I am. Yes, my husband called me STUPID over THINKING I do not understand it"

http://www.reddit.com/r/relationships/comments/2uovrl/me_28_f_with_my_husband_31_m_5_years_will_not/

I promote this gentleman to legendary status on bitcointalk even if he doesn't have an account.

Bitcoiners, this could be you in a few years:



https://twitter.com/imgur/status/563232496846766080



"A divorcing couple divides their Beanie Baby investment under the supervision of a judge"

Wait, I've searched around and could not find it.  The link I just posted is from today.
Maybe you mean the news I posted about the married couple? lol that's has nothing to do with it

I think it's official, you have gone full retard.
I have no idea how you manage to go from respected bitcointalk member posting good TA and insights/thoughts to being just another delusional  cultist.

Everybody can look at bitcoin's price history, and everybody can see that this thing screams "I am a bubble" from whatever side you are looking at it  

The fact that the large scale pump&dump can be divided by cycles (pump&dumps themselves) that repeated 3 times in the past doesn't make it any less of a bubble  


As I said in the thread from the 2012 poster about submarine bulls and bears or something that was deleted few days ago:

The only thing that can bring a solid sustainable uptrend (and not just a temporary short squeeze that will end in tears soon after anyway) is a constant influx of new money flowing in exchanges. Big demand.
As of now, there is none:

https://bitcointalk.org/index.php?topic=934650.msg10358797#msg10358797

He's right, every trader or every buyer/seller is looking at that as a buy target instead as the ACTUAL previous ATH at $266.

lol

Such rally, many reversals, very bottom, wow.

Patience, it takes time.


I don't see bears trying to do anything, I see bulls trying really hard to push it.

Inside a chinese bitcoin megamine:



https://www.youtube.com/watch?v=K8kua5B5K3I


They say it was filmed in October.

-What percentage of your total assets are in bitcoin?

-50% of my assets are in bitcoin, the rest is my cash.


Ouch.

Any uptrend you can see in bitcoin's price history looks exactly like a textbook penny stock pump&dump.
The 2011 bubble, the two 2013 ones.

They are bubbles, not healthy sustainable uptrends.

Bitcoin looks like a mega bubble that bursted that can be divided by 3 smaller bubbles/pump&dumps, the second one ended up pumping way higher than the first one, the third one ended up pumping way higher than the second one but now retraced completely returning to the second bubble levels.


Doesn't look like something anybody in his right mind should put money in, currently. And that's ignoring the fundamentals, which are pretty bad by themselves...

Only bitcoiners consider bubble/P&D cycles as "natural behaviour and growth of a promising investment".

-The fact that nobody is really interested in buying bitcoin to mainly use it as a currency aside from illicit goods, but more as a wild musical chairs speculation instrument.
-Scalability issues (and their solution proposals bring other problems and controversy)
-Mining centralisation, 51% attacks, the possibility of mining cartels.
-Higher fees in the future. BTC has low fees now that miners are allowed to print money mine bitcoins like quazy, but fees will be higher as block reward is reduced.
-slow transactions (you can't replace cash with something that can take half an hour or more to confirm, 0 confirmation transactions are not secure)
-ridiculous volatility that fucks up uses for bitcoin as a currency.
-the fact that merchants "accepting bitcoin" just create more selling pressure. Spending bitcoin = dumping bitcoin.

And countless others.

The idea behind the blockchain (a distributed ledger) has potential, sure, but the bitcoin blockchain and especially bitcoin THE CURRENCY are way too limited, in my opinion.

Centralised finance works just fine and while it might use the underlying technology/idea behind the blockchain, it doesn't need a new artificially limited, volatile, pyramid scheme-like currency.

For all we know:
decentralised ledgers = the internet
Any cryptocurrency like bitcoin = pets.com

I don't see why not.
It's an asset that can be traded and is subject to supply/demand dynamics like any other asset.

Every chart tells you a story, and the all time bitcoin chart and his bubble cycles tell you something ugly.

In that link there is no reference to actual transaction volume, it doesn't say anything about how much money is spent (aka dumped) on merchants accepting bitcoin with Bitpay, if this number has increased or if it's anywhere significant. also, it doesn't tell you who is dumping spending their bitcoin on merchants accepting them through Bitpay. Whales who already own plenty of BTC? a limited number of libertarians? or people buying bitcoin to use as a currency for its *amazing advantages* to fiat money?
I highly doubt it any significant amount of money comes from the latter group, and bitpay doesn't tell me anything about that.

Because that was my point, people buying bitcoin to use it for its supposed utility as a currency.

Why the hell are you posting a pic of BTC-E? Does that answer any of these questions (especially the last one)?
Nope.

What about the last question? In a 3-10 billion marketcap currency there are some whales that can dump spend coins, what a surprise.
Who is actually using those bitcoin as a currency?
"people buying bitcoin to use as a currency for its *amazing advantages* to fiat money?"?

I take it as "I can't answer that shit".

Keep posting bullshit that doesn't answer the main question, please.

While the main question remains unanswered:



Characteristics Associated with Cultic Groups - Revised

http://www.csj.org/infoserv_cult101/checklis.htm

...

Check...

Check...


Check...

Very interesting article  

One of the many bitcoin paradoxes:


If the amount of money dumped spent with merchants through Bitpay is insignificant, that means that very few people are using bitcoin to buy stuff that is not drugz or child pr0nz with bitcoin on the deep web -> there is no real "adoption" (as a currency).
If that amount is significant, add that the the daily sell pressure on the price, as if demand is not low enough  

One of the many amazing aspects of bitcoin FUNDAMENTALZZZ!!11

 

Easier entries doesn't necessarily mean that a significant amount of people (significant compared to the selling pressure and overall supply) will want to buy it tho 

That's another story, I was just saying to inca why I use the reference to child porn, because the phenomenon, although small for now, is out there, that's it.



If you really wanna go there tho, the real numbers you should look at are:
-amount of fiat money used for child porn /  all fiat around the world combined

VS

-amount of bitcoin money used for child porn / bitcoin marketcap


Of course the majority of child porn is funded with fiat, bitcoin is more unknown and its marketcap is a lot smaller. Question would be, which of the two is easier and more convenient to use for child pornographers?

Yep, imagine some people buying bitcoin with localbitcoins, they might buy directly from some pedos that are trying to get rid of their filthy money .-.

It's cheap now that miners are allowed to print money faster than the FED mine bitcoins with a high block reward.
Bitcoin core developers like Peter Todd already said "in regards to fee economics we're probably already in deep shit in the long run".

Yeah, cheap, forevah.


Sure, if you're dealing with child pr0nz you want to protect your identity. I am sure the average Joe prefers to remain anonymous over the fact that he can get his money back if somebody steals it or gets lost with credit cards data breaches and whatnot (VERY EASY to get your coins stolen with bitcoin if you have to move your money around and use it, but yeah as long as it's in cold storage and you don't use it's secure... lol)


It's so much simpler for the average Joe to get into bitcoin that he needs to do wire transfers to some obscure exchange and wait few days to be able to buy bitcoin, but be careful, he should also look into trading and pay the fees to convert his BTC to USD (and keep it in an exchange online, because secure) else he can get easily screwed by the volatility which defies the whole purpose to use it as a currency.

As an alternative to wire transfers to buy bitcoin (and use bitcoin to pay for goods and services online instead of those ugly credit cards), he can buy it on circle with a... ehm... credit card.
Woops.

All of this is very user-friendly, straightforward and very convenient for the average joe. Very appealing.


Left time I checked credit card transactions were instant.



Credit cards can give you your money back in case of data breaches and what not, if you lose your bitcoins or you get hacked (happens all the time even to people who tried their best to secure their funds, again, if they have to move their money around), you get nothing, it's over, you're done.







Yeah, it's so addressed in the whitepaper that the bitcoin community is having debates on a solution proposal that created more controversy (and arguably other problems too) anyone has ever seen within the community.

Well, the ripple network (but yeah as you said, the ripple NETWORK, not ripple the coin) and their consensus protocol solves most of these problems.
No mining or mining centralisation, more scalable, it effectively cuts fees that are gonna stay low forever (not like in bitcoin), no proof-of-work, no wasting of resources etc but most importantly it doesn't force you to adopt a volatile ponzi currency that nobody needs or wants.
You can put any asset or currency in the network and it's more suitable for smart contracts and all the other possible "blockchain technology" applications.


And that's an example of distributed ledger that works, others might follow the coming years.

distributed ledgers = the internet
cryptocurrencies = pets.com

This time, 4 realz.

Never heard of that site, 500 million USD? what? How is that even possible for an almost unknown site like that to have so many funds?

Yeah but the coins are not "lost", the scammers have them, and you can only guess what they are gonna do with them  

David Pate lol
I remember that dude

He wrote this in October, saying that the price was too low for him (a miner) to profit, price was at $375!  

https://twitter.com/davidpate8/status/517325086307913728


Imagine how he's doing (would do?) now  

Cultural references and colorful language doesn't say much about a person or about what you are talking about.


Dostoyevsky had a gambling addiction.

/thread

By the way, whether you are a rocket scientist, a professor or a redneck you should be able to tell that the "bulltard future" you mentioned is a delusional fantasy.

^^^^

Hi guys! I am just telling you that the beartards saying bitcoin is dead are wrong!
Yeah sure, yesterday Bitcoin's price crashed to $12 and everyone was panicking and saying bitcoin is dead!  
But bitcoin is NOT dead ahah you silly bears! It's already back at $14 now! Moonshot incoming   CCMF!!


And on top of that...


...Wait...


...What year is this? ... 2015?
Aw shit.

Sorry guys my time machine calibrator is not working well, I come from the year 2023 and was supposed to post a thread in this forum, but fucked up a little. Carry on.


Good luck my fellow bitcoiners from the past and don't forget to HODL!

Bye.

Bitcoin is clearly ready for world domination:

https://www.reddit.com/r/Bitcoin/comments/2vg24f/real_life_experience_paying_with_bitcoin/

Nooooooooooooooooooooooooooooooooooooo


Are you telling me you'll be contemplating and discussing the amazing bitcoin's future in front of us in your Ivory Tower without me? 

Price can't go lower for now because it has to be forced to exit the current pennant. Breaking down now would be premature there is no momentum for that. Next move (prolly a big dump) in about 4-5 days.

You're welcome.

Yep, I can't wait for the final "capitulation-despair-blood on the streets-maximum financial opportunity-every bull turns bear" phase to kick in when price reaches $21 so it shoots for $32 before slamming back down  


No but trolling aside, if there is no demand, a "despair phase" is not gonna change things and suddenly start a new bull market.
Despair phases = necessary condition for strong trend reversals, but not sufficient ones.

This is all that matters  
If you really wanna be a bull: invest what you are perfectly comfortable losing in case it fails, enjoy it if it succeeds, be safe in case it doesn't.

I'm not so sure all the bulls in this forum are on the same page though.
Some of them are seriously overinvested.

The sideways is normal and predictable.
it really is that simple:


Maybe one week but that's a lot. The sideways is only temporary.

This thread is getting plain weird.

In order to access the silk road you had to first register which took a few seconds, no email confirmations or anything required.

You just had to type in whatever "username: blablalblabala" "password: w983z9r8h2" and boom there you go a new account and you could check what the site was.

I guess a lot of people who heard about the silk road and were interested in knowing what it was were forced to register an account every time they wanted to check the site out of curiosity.

But... but... I was told bitcoin is like bittorrent and nobody can do anything to limit its use   

Would be nice if it could finally break down and break $210 but I'm afriad there is no momentum yet, in 4 days minimum it should happen for sure tho.

Tears of hopium

What if I told you that the bubble you should look at is the logarithmic one and not the linear one?  

lol my beta account expired too

Use Cryptrader and forget about those cheap coinigy fucks

bulltrap

Still a better love story than bitcoin


http://petapixel.com/2015/02/09/photographer-unveils-btchcoins-digital-currency-backed-prints/

How low has bitcoin to go before one is supposed to finally say it's dead?
Some people here would still say that it is not dead even if it goes to $1 and stays around there for a year or something.

They would probably argue that some people would still be using it ("so it's not dead!"). They would probably gloat about the amazing rallies to $1.31 ("you see? it's not dead!").
 


1. Look at the all time linear bitcoin chart.
2. Look at the big pumps (the bubbles), see that they last around 2 (max 3) months. Look at the downtrends, they can last up to a year.
3. Realize that it looks like a textbook penny stock pump&dump.
4. Realize that is looks like a textbook bubble that bursted.
5. Cry.


 

And you want to sell your now underwater bag to greater fools at a higher price to make a quick buck.
Passing the bad investment to them.

Do we have to show your posts here where you pretty much say that? 

The McDonald's rumor started because they said they would start with a "new payment method".
That payment method was not bitcoin but this "lovin'" thing:

https://www.youtube.com/watch?v=iq2Sm2XGv_s

Keep posting "CCMF" and train pics guize, i'll make the dump look more entertaining, when it comes.







 

Distribution is far from being one of the main issues with bitcoin.

By the way, a currency ≠ a stock.
Also, the top bitcoin whales are anonymous, not really the same.

So, when price pumps short term after still being 70% or whatever since ATH the bulls start insulting the "beartrolls" and laugh at them.
Pretty sure you have done that at every spike during the bearmarket before another drop to a new low eventually. Not sure tho, can't remember well.


The recent "moon":





Looks like a musical chairs speculative instrument very useful and amazing revolutionary payment system  

Some of what you call "beartrolls" have simply been saying that bitcoin is a bubble, and by looking at the all time linear chart (the log one is perfect to mislead who can't read a chart) they are more right than wrong so far.
What you are saying is that bitcoin price could go to double or single digits and we shouldn't worry because it started trading in the $0.1-$1 range so it would still be a long term uptrend?

LMAO
Read that shit:

http://www.reddit.com/r/Bitcoin/comments/2vwjb4/someone_needs_to_do_a_new_bitcoin_ad_campaign/

"Ladies if your man doesnt have some bitcoin then he cant handle anything and has no danger sex appeal. He isnt edgy and there is nothing interesting about him.
Someone needs to do a new bitcoin ad campaign promoting these ideas."

Bitcoin created a monster. A cult made of batshit crazy nutjobs (r/bitcoiners are a fine example). Sometimes it's hilarious, then you think about it and you realize it's pretty sad.

 

Where I live valentine's day is over. It's almost morning lol
Also, you are here too, what's your point?

They are called bubbles. They pump, eventually they crash and don't recover.


Bitcoiners tell everyone that bitcoin is amazing and they should buy them at $500-$1000. Then bitcoin keeps crashing for a year, all they talk about then is how much bitcoin pumped since the old days that are long gone.

You guys are not fun to troll anymore.
Bitcoiners, be sure to cheer for every pump and make fun of the "beartrolls" before the next low.

shmadz:

Do you really buy into that r/bitcoin ballistic nutjob manchildren bullshit? For real?
That "fiat is corrupt, bitcoin will save us" stuff is a clumsy attempt to pump bitcoin by late adopters, gullible get-rich quick fools and really bad amateur investors.

And even if you believe that the fiat system is not perfect, bitcoin is a joke in comparison, not a solution.
Everything that surrounds bitcoin and crypto in general is more corrupt that anything I have ever seen in my life. lol

Get off that hopium and kool-aid, son. Seriously.

So everyone reading this forum should just believe that a non scalable, irreversible (0 consumer protection), very-easy-to steal, ridiculously volatile, bullshit distributed, china megamines powered pyramid scheme currency is gonna suddenly replace every fiat currency, central bank, need for monetary policy etc?


You bitcoiners don't know how the world works have some wild imagination, I gotta give you that.



The fact that you guys can believe whatever you want when dollar signs roll on your eyes thinking of easy riches is one of the reasons why bitcoin was so easy to pump&dump (arguably any uptrend ever seen on bitcoin is a P&D, for somebody who can read a simple chart).
Fairy tales are bad mmkay?


By the way, the fact that someone might even believe in bitcoin (I don't), doesn't mean that he has to buy into that delusional r/bitcoin shit.

Yeah, but some dreams can be reasonable, some of them are plain delusions.

Bitcoin is very secure for you if you don't have to move your money around and if you keep it in cold storage HODLING dreaming of riches.
As long as you don't have to use it as a currency (woops) for every-day use, bitcoin is very secure.

Then sure, someone could simply pay less than a billion dollars to attack the network, or pay some miners to form cartels and effectively destroy the network and render your precious cold storage coinz useless destroying confidence in any proof-of-work cryptocurrency, but we don't talk about that.

You are free to believe whatever you want, have I ever told you the opposite?

Don't listen to trolls. This is just a correction. The pump will not retrace completely like all the other 34589803495 times. This time is different. We are slowly heading back to the ATH. This time 4 realz.

Looks like it's your lucky day. More of that coming 4 u.

It took 2 and a half days for that pump, but it only took a few hours to almost retrace completely.

Bullish!

Bulls, be sure to scream "moon" at the next pump&dump too.
We count on you.

Until next time, bye y'all!

My $274 target as the high before the next crash as I posted in the "medium term prediction" thread was almost hit ($268) 

And we are now at 3 exchanges hacked today!!


http://www.reddit.com/r/Bitcoin/comments/2w00yo/three_exchanges_hacked_in_24_hours/

BTER was a known altcoin exchange.

https://twitter.com/CryptoPlainview/status/567079408889253889




lmao

Bulls, somebody is calling you:

Not a hack, but this exchange just announced that they will close soon:

https://www.netagio.com/


lol

Bter Call Saul.

Apparently a lot of ATMs in Canada and elsewhere were based on Cavirtex.

OMFG



Are we at the 5th exchange hacked or closed in a few days? The 6th? I literally lost count  

This thread is getting interesting.

Ahh, bitcoiners are the nicest, most open minded folks out there.

Brought to you by some dude that suggested people to buy at $800-$1000:

https://bitcointalk.org/index.php?topic=358474.0

Dude, did you even open that link? It's not even about you.

You sure you're just drunk and not high as a kite?

1. Trolls tell you that after the $1200 pump bitcoin was gonna crash
2. Bitcoin crashes for more than 1 year straight while you scream "moon" in between dumps.
3. Ignore the trolls.
4. ? ? ? ?
5. Profit!

Line breached. Going to retest $215-$220 pretty soon.

It's just a matter of time before it crashes again.

Using bitcoin to "save the unbanked" is stupid.

First of all the volatility can make them even poorer and the benefit of paying less fees could be gone. Are you telling me they should convert their BTC to USD to avoid volatility (paying some fees left and right anyway) and having to trust (I thought when using bitcoin it was not required to trust anyone?) an online BTC exchange holding the funds?

They could use the ripple network or something similar, using their preferred fiat currency (avoiding volatility) instead of an unstable cryptocurrency, and the fees would actually be pretty much nothing.


Bitcoin cannot really "save the unbanked". Throwing at them a volatile, irreversible, 0 consumer protection cryptocurrency is criminal.

There is no bounce lol

Few people use bitcoin as a currency in retail transactions, most of them hodl like fools and lose money (turning bitcoin (that should be a currency) into a musical chairs pyramid scheme):

http://www.technologyreview.com/news/535221/is-bitcoin-stalling/


Bullish!

https://www.reddit.com/r/Bitcoin/comments/2w8351/all_forgit_lin_bter/


"However, runner"

lol

Bitcoin doesn't just crash quickly to single digits once the bubble bursts. Bitcoin crashes slowly so bitcoiners will stay in the game and slowly be drained of their money.


Much like our frog here:

A gathering of bitcoiners praying for another bubble pump&dump sustainable uptrend to the ATH.

He actually posts good stuff with good arguments, the only argument I have ever heard from you was an appeal to authority:

Nothing.

Sealwithclubs site shuts down because of attacks and fear of security.
A pretty famous site that allowed player to play poker betting in bitcoin.


https://sealswithclubs.eu/


"On approximately February 11th, 2015, several events occurred related to operational security that we consider to indicate SealsWithClubs now operates in a perpetual state of jeopardy. "

dump incoming

fun fact: it has been roughly 1 month and a few days since the $160 bottom. That means that in the meantime, more than 120k coins were mined, which is more in USD value of all the buy orders (bid sum) on all major exchanges combined (bitstamp, bitfinex, okcoin, huobi, btcchina, btc-e), which didn't increase (in some exchanges it only decreased) and is still sitting at very low levels (compared to few months ago and 1 year ago).
http://coinsight.org/

Don't worry tho, chinese megamines HODL all the coins they mine.

Bullish!

When you cultists were saying that bitcoin could not go below $300 again few months ago, anatolio (trader with the best returns on PAMM, where you can see his trades and returns in all transparency) posted this:

https://www.tradingview.com/v/JterRDxF/


Click on play to see what happened.

Not only he nailed the move, but following that chart he expects the crash to continue soon to reach double digits in a few months.
I agree with that analysis.
When it finally reaches double digits, it will be interesting to see what kind of excuses you will come up with to justify your amazing investment.




Good luck, cultists.

"Bears don't have coins to dump anymore".

Bitcoiners always tell the funniest stories.

Maybe they should mention the fact that since the $160 bottom 120k coins have been mined. But hey! Bears have run out of coins!
They never say that bulls have run out of fiat tho

Chinese megaminers full of coins to dump have run out of patience?
Natural panic because nobody is buying anymore?

Miners have plenty of coins to dump. Like insane quantities, do the math  
Overly optimistic bulls and cultists have run out of fiat and already bought.

The result? Everybody else panics. As they should.

That's how it works.

Quoted for future hilarity. This is the beginning of the next downtrend (which never stopped, by the way).
Feel free to think I'm just trolling you.

First wave of perma-bulls denial coming.

China matters a lot more than bitfinex so there's that.

I know right?!

Bitcoin:


https://www.youtube.com/watch?v=4es9IYwdFbM



 

Last time I heard about "negative balances" was in december 2013 when users from CRAPtsy (the unreliable shitcoin exchange) were able to withdraw more coins they had (basically stealing from other user's balances without knowing it),  

Maybe, since it's a BITCOIN forum and not a "fiat sucks" forum, you should welcome people that talk about BITCOIN and bring arguments to the table whether these arguments are pro BITCOIN or not (especially if they aren't, since it's not supposed to be a cult, or maybe it is?).


Edit: oh, and yes, that warned you about this mess in advance too  

1. You don't know when I bought BTC and sold it so don't talk like you do.
2. Market cycles don't go on forever, especially the ones that look like textbook penny stock pump&dumps  
3. Yours is classic bitcoiner logic:



Bitcoiners: They tell everybody to buy an overpriced currency. Said currency drops 70% in a year, all they talk about then is how well they made  buying in cheap.

It's a good show. Better than anything on TV.

hahahaha

Did you listen?

Linear scale is useless for drawing lines.

Ehm... Yes?

You should always use log scale when you draw lines or do any TA at all.
U clueless bruh?

Another company that accepts Bitcoin USD from a bitcoin dump?

Good stuff™

The bitcoin phenomenon today is a combination of naked greed, selfishness, delusions of grandeur, sense of entitlement, narcissism, extreme idiocy and sociopathic scam-prone behavior/thinking patterns.

Definitely not a coincidence.

As much as you like billyjoeallen posts?

I would say perfectly rational individuals 


You should consider that price is way lower than few months ago. BTC swaps -> measured in BTC, not in USD.

That awkward moment...


http://www.google.com/trends/explore#q=bitcoin%2C%20diarrhea&cmpt=q&tz=

Anybody who currently holds bitcoins for a total of 3$ billion worth of bitcoinz?

I notice that nobody says that the next X minutes/hours are critical.

Guess the last critical moments were in 400-300s huh? 

dump incoming 

Same story for longs, they are going up quite a bit too, and are still way higher than shorts in USD terms.


Funny that you bulls always talk about the "shorts that have to buy back", NEVER about the longs that have to "sell back".

Shit's so ded is not even funny bruh.

Let's invest in BTCeanie BTCabies BTCitcoins based on misleading headlines! Yay!


http://www.coindesk.com/boston-fed-bullish-bitcoin/



“We’ve heard stories of how bitcoin can help users avoid fees when sending funds to family abroad, or how bitcoin makes it easier to pay a friend back without using cash, although, but with services like Venmo, the advantage of bitcoin in this space is limited,” the researchers said.

“A currency would ideally have a stable value and be accepted as payment nearly universally, yet bitcoin has a ways to go in this sense,” they said."

"They went on to suggest that bitcoin, even if unlikely to succeed, will prove "valuable in stimulating innovations"."

"While Lo and Wang regard bitcoin to be a valuable experiment, they echoed many of their original findings, suggesting they still believe bitcoin's distributed mining network to be inefficient and, as a result, a factor that likely holds bitcoin back in the long term."

"The potential risk of such concentration of processing power is that the system is vulnerable to possible collusion and manipulation,"

"distributed payment networks such as Ripple, those that are agnostic to any one currency and therefore less subject to the rise and fall in value of any currency on the network."


"However, the future they see is still one where a number of protocols comprise the payment system, and that the "lasting legacy" of bitcoin is in how payments can use protocols to better facilitate payments and transfers.



They talk about protocols to move fiat currencies around, not a proof-of-work network for irreversible, volatile, slow, non scalable, wasteful, pyramid scheme shitcoins  

This shit again?  
Seriously?  

The "beartrolls" were right since the beginning, bitcoin was a bubble, a pump&dump. How high it actually pumped is irrelevant. It pumped&dumped a few times (in 2011 and two times in 2013, and maybe the second one wasn't even supposed to happen because mtgox bots and china that pumped and got the fuck out at the speed of light) and went as high as it could before bursting. That's what bubbles do, they pump, then people bail en masse  

Whether the "beartrolls" bought bitcoin at single/double digits themselves and dumped on you  gullible r/bitcoiners or not, it doesn't matter, they were right since the beginning  



Only bitcoiners scream "but my bubble pumped" as an argument whatsoever  
Sure they pump, they are bubbles  

But sure, continue thinking that pumping at $2 to reach $32 and beyond is the same as pumping at $250 to reach $1200 and beyond


Disappointing  

 
 
 

1. Ignore FACTS: https://bitcointalk.org/index.php?topic=178336.msg10578135#msg10578135
2. Remind everyone how well your bubble pumped (a bubble pumped a few times before bursting, ORLY?) in the good ol' days that are long gone.
3. Claim that the infidels not glorifying a pump&dump simply "missed the train".
4. ? ? ?
5. Profit!

Your post is walls of text full of personal opinions and other garbage. I just quoted the Boston Fed researchers from that article.
Since oda.krell was taking it as a bullish sign and that bitcoin is a great investment, I simply showed him (with quotes taken from the article) that the article actually claims the opposite and said that bitcoin is "unlikely to succeed"  

Can you move fiat currencies with the bitcoin network? Did you read the article? Did you see what they talked about? Did you see that "bullish on the technology" actually meant that it is going to spur innovation while better technologies are created or adopted and not that the bitcoin network or bitcoin the currency is going to be adopted in any way?
No, you didn't, you just read "bullish" on a coindesk article title and started jerking off.

Keep ignoring facts bruh  

"Cause they've done so well with fiat so far right?"
^You are just an insane man rambling on the subway  

Boston Fed researchers say "BITCOIN UNLIKELY TO SUCCEED", bitcoiners take that as a bullish sign and say stuff like: "The energy is changing in here. It's like a momentum shift."

Quoted,  using posts like this one will make the next upcoming bitcoin price meltdown more entertaining.

What a fucking clown. Using bitcoin as a currency for a country:


https://twitter.com/jonmatonis/status/570609094438088705

You don't think advising a country to suddenly adopt a ridiculously volatile (people can lose up to 50% of their life savings in a few weeks), very little consumer protection currency that hackers can steal en masse (people can't actually USE something that they have to keep 24h a day in cold storage in a paper wallet you know) and that their core developers recently described as dangerous and experimental is borderline criminal?

Serious question. Not even trolling.