Topic: BREAKING: PAY PAL INTEGRATES BITCOIN - page 2. (Read 11320 times)

don't worry, the bigger the gap between the 'price' and the 'value' (for lack of better words) the more explosive the gap will close.

the value is much higher than the current price in my opinion, cheap bitcoins for as long as it lasts.

it's at least 3x iirc but that is irrelevant and i don't have the energy to go back and look.

actually, i took a nice compliment from JVP too literally about 2 mo ago, it seems.  he passed along 0.5BTC from rpietila's happy thread to me and said he enjoyed my "humor".  i took that and emphasized my posts in a style apparently that's not viewed as humorous. that's good feedback and i'll have to rethink the way i handle my posts.  or maybe i'll just lock the Gold collapsing Bitcoin up thread like i did with the Gold: I smell a trap at the end of 2011 when the trolling against my message got too intense.

just so everyone can put this into perspective, notme subbed to me from Apr 12 thru Mar 13.  here is what Bitcoin did during that time i was essentially saying to buy all dips and hold through crashes. it topped in Apr 13. i can't see any better way for him to have "accumulated":

As I said above, I was hoping for opportunities to increase my holdings, but you never did call tops until after the fact.  I'll admit I'm partially at fault for not investing more energy in figuring out what exactly you were trying to deliver, but you didn't exactly advertise it as "hand holding".  I'm also not sure why you are putting "accumulate all along" in quotes, because that is not what I said.  I said my intention was to hold what I had.  I was lucky enough to be an early miner and I generated a fair share.  I don't have the kind of resources you to do constantly dump fiat into this market.  And I haven't held them all either.  Life has happened, but every sell was because I needed cash, not because I doubted bitcoin's future.  Every sell has been painful for me because I know I'm selling my future.

As for the emails, they were all either administrivia or discussion of SPXU.

I remember one other time we discussed this, but I know you're prone to exaggeration so I can let it go that you've doubled that figure.

I'm sorry if you took my cocky ass troll statement too personally.  But that is exactly the persona I envision when you make statements with no backing and act as if they are fact.  My statement was clearly overblown for this context, but it is a response to a trend I have been seeing lately.  I think you've let the bear trolls get to you.

one other simple question and not an attempt to troll you.

if you were "certain" about Bitcoin's potential and it was your "intent to accumulate all along", why would you sub to a Bitcoin newsletter unless there was some doubt on your part?

maybe you can send me those 5 emails as i'm having trouble looking thru gmail's archives.  it's possible i'm not remembering correctly although i know we communicated several times and usually it was when ppl were doubtful.

and this is about the 3rd or 4th time you've brought it up.  

when someone out of the blue calls you a cocky ass troll and your advice is useless, what would you expect?

I give you permission to publish any emails I have sent you.  Please post a single example.  (If you want to save some time, don't bother looking.  I have 5 threads in my sent mailbox involving you, and not a single one is a "bear question" or in any way indicates I am uncertain about bitcoin's potential.)


I only went into it because you asked me about my experience as a subscriber.


I appreciate when you are rigorous.  I don't appreciate it when you make one line posts that sound like statements of fact but are backed by nothing.  That's all I was trying to say, but you got awefully defensive very quickly.

now you're not being fair.  you aren't giving me credit for all those times you personally emailed asking this or that bear question.  and every time i told you to hodl and be patient.  you keep bringing up the 10 btc.  you think ppl like me give out free info during a time when i was running a newsletter business for profit?  do you think you were the only one?  i don't have one other sub who's been complaining like you who also subbed back during that time.  like i said, i fully admit that what i was doing was hand holding less experienced investors so they wouldn't cash out before the big move(s).  but i made intellectual arguments as to why.  and that, in retrospect, turns out to have been extremely valuable advice, as my own acct can attest to.  and should yours, if you actually followed my advice.

and as for intellectual rigor, you know that my newsletter and now my gold thread is filled with all sorts of news article links, quotes, charts, graphs, statistics, references to the Fed charts, game theory, historical perspectives, contextual interpretation, etc, etc.  i don't see many others putting up data like that around here, do you?  These all are meant to support my bull case and put context to it.  my argument all along is that Bitcoin doesn't exist in a compartment, like many were arguing back in 2011. yes, my arguments must get tiring but fact of the matter is, i don't see anything has changed fundamentally.  and in fact, the contextual argument dynamically changes everyday, which is why i keep up what you call "trolling".  i call it realtime feedback from the real economy that helps keep focus.  at least for me.

sheesh.

Since you asked, my plan all along was to hold on to as much as I could.  As a sub of yours, I was hoping to be able to increase my holdings.  Instead, I paid you more than 10 BTC to be told what I already knew.  The other information in your newsletter was interesting and valuable, but I don't have anywhere near enough assets to be able to trade those markets without giving up my position in BTC.

Why leave a strong, experienced competitor, with a great reputation out there when you can buy them? They paid 800 million for braintree. Why not buy coinbase? Unless of course, coinbases investors get greedy and like a challenge?

There is not much intellectual rigor one can apply to the PayPal situation. We all know the same information, which at this point is minimal. Any prognostications one might apply are based on one's assessment of human action and game theory looking forward into the future. Yes, I don't think in the long run PayPal has any intention of sticking with Coinbase if they find out accepting Bitcoin is a viable situation.  They have the ability and capacity to bring it all in house. Otherwise, they would be forfeiting loads top what is in essence a start up competitor.

BTW, I'm curious. As a sub of mine when the price was $2-4, did you take my worthless advice? A generally accepted strategy around here is to hodl. Have you and how is that such a bad thing to recommend in retrospect? Much of what I was doing on my newsletter, and what I've admitted all along,  was hand holding trying not to have subs dump on the way up at 10, 20, 30... Did you?

Everybody's doing it.... great reason to avoid intellectual rigor .  And no, I haven't depended on what you say.  As a former subscriber, I know your bitcoin advice is worthless because it is always the same.  I said what I wanted to say, but you are free to interpret it however you want to in order to preserve your ego.  I just miss the old cypherdoc who was still trying to figure things out.  This new cyperdoc who thinks he knows everything is annoying.  But maybe I just put too much importance on maintaining "beginners mind" (http://en.wikipedia.org/wiki/Shoshin).

long term bulls arguing in the street? hopefully there will be blood. it really does feel like time....

What I said was no more speculative than 99.9% of what others have "prognosticated"  here in the Speculation Forum.  If you've depended on what I've said and lost money, I apologize for that.

This reminds me of the depths of 2011 when the price kept going down. People were all depressed and short tempered and I got alot of the same criticism you're venting on me right now.  That's Ok. I can take it. Perhaps instead of cocky ass troll, you might consider describing me as "repeatedly wrong"  on this down turn. That I could accept better and maybe what is what you really want to say.

What's wrong is you are stating it as fact without any evidence.  If you labelled it as prognostication or expressed that it was merely an opinion, I wouldn't have called you out.  You know I've defended you countless times, but lately you've mostly just been a cocky ass perma bull troll.  There's nothing wrong with being a perma bull, but you'll get a lot more out of all the time you spend here if you work on dropping the cocky ass troll bit.

Hmmm, that's the same information I have.

What's wrong with prognosticating anyways?

Well, I've at least watched the announcement and read the blogs.

http://blog.coinbase.com/post/96987622472/braintree-partners-with-coinbase-to-accept-bitcoin
https://www.braintreepayments.com/blog/goodbye-passwords-one-touch-hello-bitcoin


Like I said, prognosticating without information.

At this point, I probably know just as much as you do about it unless you'd like to prove me wrong. Anyways, I'm talking long term.

No they won't.  If you actually look into it instead of prognosticating without information you would see that the only thing they are doing are allowing merchants who sign up with coinbase to integrate coinbase using the braintree API.  This will lead to more coinbase merchants, but Braintree/PayPal/Ebay is not taking any bitcoin risk at this point.

PayPal is going to needa  chunk of bitcoin in order to provide this service as well.

Thinking about what Braintree is describing, it would make sense that you might have to load up a bitcoin wallet that is on your Paypal account, so that Paypal can effectively guarantee to the merchant that the coins are not going to be double-spent or anything.  This would actually remove any concern over the buy-at-the-counter scenario that people have seemed to be so concerned about, because Paypal would act as the guarantor meaning you could tap to pay and walk away, with no risk to the merchant.  In reality there is no risk to Paypal either in this scenario.  Coinbase would look after any conversion, so the merchant could receive payment in fiat, BTC or some combination.