Topic: Final Final Warning for Long-term holders… (Read 2517 times)

I sold out with same concerns as Opening Post. Length and exponential growth of blockchain etc. and bought some physical gold and silver.

Since then I've decided bitcoin may end up being centralised yet there may be big profit still to be had riding the bitcoin bull for a few more years, therefore I've bought back in, with a bit less than I had before. However I will periodically use bitcoin profit to add  physical precious metals.

I think bankers will switch to supporting bitcoin the more controlled it gets so I see it as a safe bet for profit but not the utopian end of central banking we all dream of.

Physical gold and silver are what I prefer in the end. Physical silver (not gold) is real money all through history and it is the Achilles heel of the financial system. In the meantime I am still open minded about the possibility of bitcoin and fairly certain there are huge profits to be made.. but fearful it could turn against us.

https://i.imgur.com/kzVdKJi.gif

Also when I read the coindesk articles (comment section)
there are people (mainly people who never heard of bitcoin) say stupid things like bitcoin is a ponzi and then below him is a more experienced member (who know about bitcoin) who corrects them and counters their point successfully.

It's ironic that bitcoin FUDers even post in this forum. The fact that you are thinking about bitcoin enough to even go out of your way to post in a bitcoin thread means that even the FUDers are still obsessed with bitcoin enough that they want back in. The fact that you're spending time here means deep down you really DO still believe in bitcoin. You don't find too many atheists in church every Sunday morning.

I did not get involved in bitcoin to get rich quick.  I figured there was a decent chance that it might yield a very good return but that wasn’t why I decided to get involved when I did.

I’ve been deeply involved in many aspects of computing and technology over the past 30 years.  Sometimes in a business context and sometimes a purely technical context.  We are living within the epoch of the digital revolution and globalization; every bit as transformative to society as Industrial Revolution or Neolithic Revolution.

In the past couple decades we’ve seen how that has transformed media like music, movies, television, and newspapers.  It has also transformed how we shop.  The classic manufacturer, distributor, wholesaler, reseller, retialer model has compacted in most cases to direct or nearly direct to manufacturer.  Communications from land lines to mobile phones and mail to email or other electronic messaging systems.  etc.

None of these are as consequential or as potentially transformational as in the banking and financial areas of society.  It could liberate many people from corrupt and oppressive systems in their own countries.  Based on how the information age impacted those other areas its likely to make it easier to get loans and get a lower rate which should allow more smart hard working people a better chance at prosperity.

Good things that I was happy to help support and will continue to do so.

He could use skills like this to strengthen his heart and confidence in his own abilities.

http://cdn.gifbay.com/2013/07/matthew_mcconaughey_being_weird_the_wolf_of_wall_street-65358.gif

You give up too easy.

it's like Napster? are you sure about that? seems quite different to me....

Are you serious about using this as your reference?

You get a 3 TB drive for the price of a gas fill-up. Most people burn that in less than a week.

If there's no proof, why are you using that as a selling point for your argument? Also: What are these known facts?  I'm trying to be polite in asking for something, anything to back this up, but there appears to be absolutely no concrete evidence that the coins are in fact "missing" in whole, part or otherwise.  Further, it does matter when (if) they were stolen.  

If 650K BTC were stolen in 2011 it'd be well beyond the realm of liklihood that they're still sitting somewhere untouched.  If they were stolen in November of 2013 then that's a hugely different scenario than the allegedly stolen coins being in control of some malicious party in, or since 2011.  You say you were around in 2010, so you're then familiar with the size of walls back then.  Walls in the 10's of thousands cropped up all the time and were worth very little in terms of fiat relative to today.

You were here in 2010? You are a millionaire now, aren't you?

You did buy lots of bitcoin for nothing and sell them all for millions, didn't you?

Please say so. Because that would make me trust your advise a lot more.

Yes, that is what he did. Shitty? You don't even know how to capitalize words or use periods. Go get your G.E.D. You need it, badly!

So let me get this straight:

you saw Jr65 make a shitty thread that arrogantly gave a "final warning" as if he had any fucking clue what he was talking about

saw him get reamed in the thread for it

And instead of posting in THAT thread, you arrogantly post ANOTHER "final warning" thread?

If Bitcoin is going to become a real monetary instrument/currency then it will have to even out eventually.  That is, it's won't go up forever.  I'll wait until I see the price is stable for a long time before getting back into Bitcoin.  That price could be $100, or it could be $10,000.  As far as I'm concerned if you're in it for profit, you're just gambling.  If you're in it to make a statement, then you won't mind the price going up or down.

No proof of course that the 650,000 were stolen.  Based on the facts that are known that seems most likely.  My guess is it was back in 2011.  It could have been multiple hacks over the past 3 years.  Whether it was 1 hack or 10 hacks; in 2011 or 2013 doesn't really matter.  Most likely 1 or more hackers or groups have a lot of coins to get rid of.  They will be very careful to sell slowly and cover their tracks.

Either that, or they disappearo-d during the hack in 2011.  Personally I believe the concept of 650,000 BTC being recently stolen from Mt. Gox and waiting to be dumped on an exchange absolutely foolish and I have trouble giving any credence to people who make this claim.

50 GB = 1 full bluray torrent. I download several weekly, nonissue.

The MtGox's lost coins, all 650K of them, were not really lost. They were stolen by Mark K and his cohorts over the last few years. The "malleability" hackz never happened, at least at MtGox. It was pure greed that led to the implosion there.

Do you have any proof (and I do mean any) that 650,000BTC were stolen from Mt. Gox and that this occured within the last six months?  I mean real, factual proof.

OK, bye.  Putting you on Ignore so I don't have to see the bitter rants of a guy who sold too early.


It's as if you read my mind...