Topic: Gold collapsing. Bitcoin UP. - page 895. (Read 2032266 times)

as corrected in another thread, I should have said "... the chart illustrates over 1/3rd of bitcoin being held by ..." point is still the same though

much needed post. thank you

What you fail to see, because you are so focused on short term price, is that chart above illustrates how approx half the bitcoin are being held. That measn you have an insane amount of investment in the ecosystem, not just in terms of cash but time and effort and fledgling businesses and a whole bunch of other stuff that all the bears just hand wave away.

It also means any plan to try and crash the market and buy all the coins is going to hit a wall. Which might be now, or it might be at $250 or $200 and it might be this week next week, next month or next year. Bitcoin has passed its tipping point though, each time we go through this cycle it gets more and more likely that ultimately post run up, there will be a trend reversal.

What cypher said about 32->2 is very true. Maybe you were around to see it, even if your account wasn't, but to see a 94% drop in an asset class that was so niche that *nobody* had heard of it, and that was pretty much solely used for black market trading, had no legal precedent, was traded on exchanges run by dudes who knew a bit of php and was awash with scams? That puts this bear market into perspective. Its a wholly expected sell off, driven primarily by classic market emotions and further fuelled by the aftermath of the massive capex investment in mining gear meaning miners are selling *everything* to try and ROI.

Those are facts. On top of that you have speculation about the motives of the various players in the market, rich smart powerful people, who know markets and know rubes and are operating free of the fetters of your typical market regulations. There is a *chance* that nothing nefarious is going on sure, but can you really say with confidence that nothing *is* going on? I can't categorically say that anything is happening but I do see (as illustrated) continued accumulation, bizarre market sell action where people are slamming big orders into the bid. Whipsaw action where a bunch of coins get dumped and then rebought. All this stuff smells fishy. You might see it differently though.

Then we have you, and all those other 'registered x/x/2014' accounts ("oh, but I lurked for ages....!") that have suddenly appeared, with what seems to be the sole goal of encouraging people to sell, jumping into any and all threads that suggest people should hold/buy and trying to discredit them. I've never seen such single mindedness in here before even from the perma-bulls (ref Edward50). There's no humanity, you never deviate from the message, you don't seem to even entertain the possibility of other outcomes.

Why are you so desperate for bitcoin to fail, why are you so desperate for everyone else to sell. Your justifications don't add up. Then finally when you encounter posts that start to reveal the bear case as being on shaky ground right about know you try and call into question the other guys sanity? Really?

You know what you might be right, the price might continue to drop all the way to zero. What if it does? You win? Win what? What is your actual point? You know bitcointalk is nothing. Its an internet message forum where people interested in a subject can discuss it. Why are you even here? Your carefully crafted persona impresses no-one but yourself, you aren't famous or important or special. You are a like a child at school that thinks there is nothing beyond the classroom walls. Wake up. Step outside. The sun will blind you.

Or just post cute horse pics. Thats funny, but the "I'm so special thing" is really boring.

It's a bit sad knowing that your condition could be symptomatically treated, if not outright cured.



Better living through modern chemistry^TM

early adopters are shrewd.  and this is why you're here.  trying hard to establish your own stake by driving prices down to where you can pick up cheap coins.

so much effort, so much FUD. it's all so obvious.

And this is why Bitcoin-rich are hodling :-/

Speaking only for myself, I'm much less inclined to sell at today's rates than 6 months ago.  I prefer selling at higher rates generally.  I'll just be pushing some project back to deal with potential cash flow issues.  Of course if things don't pick up in a year or two I'll be re-edjusting.

On a side note, I shot a black bear a week ago.  Clean shot right in her mid-section (I know gender because she had a cub.)  I used a rubber slug which are very painful for humans.  Hopefully bears as well, but I don't know.  The very next day another (or the same) large bear was back sitting in the brush-line looking around.  I was planning to ratchet up the pressure with some birdshot but by the time I got my shotgun re-loaded the creature was gone.  I'm not sure if that was an omen or object lesson or anything for Bitcoin, but 2014 is certainly turning out to have a lot of issues with bears on several fronts.

BTW, a bear did me a favor 5 days ago by ripping out a bee hive which I'd been trying, unsuccessfully, to eradicate with spray since they stung me.  Wouldn't it be funny if I drew down my fiat accounts [I just paid $60k for 2014 tax estimates] and didn't replenish them due to the activities of bears in the economy just in time for a banking crisis

none of us early adopters are going anywhere!:

“Bitcoin to replace gold” says Jon Matonis

http://leaprate.com/2014/10/05/bitcoin-to-replace-gold-says-jon-matonis/

No prob, I'll be pic related

MyLameDick,

i need to go for my bike ride right now, along the ocean, with the Sun shining in glorious paradise.  i'll be right back!  don't go away!

Thank You, Sir!

and i'm not selling.  see chart here:

none of us early adopters are going anywhere:

^I'm getting a bit worried about you, cypherdoc.  Tell me you're safe.

Easy to be a perma-bull when single digits hits and you are still in profit. Congrats

did you see this one, MyLameDick?

this is a brilliant chart by inca.

notice this:  none of us early adopters are going anywhere:

like i said, single digits, baby, single digits.  how lame you are.

You'll be all right, cypherdoc.  Stop losin' ur shit.

you and your baby pictures  

idiots like you don't even understand that your mere presence here with all your trolling is counterproductive.  the agenda is so obvious.  you'd be better off shutting up and simply forcing the price down.  then we wouldn't have any excuses.

I realize you're a sick man cypherdoc, but let me remind you:  Stop it with the pet names, I'm not seduced

thank you.  yes, you're right.  i look ridiculous during pullbacks.  but it's inevitable with such deep swings either way for prolonged periods of time.  of course i'm bullish on the project; look what it has done.  300 from 0 back in 2009 is astounding.  and we could even go lower but that won't hurt me.  it'd have to go to single digits for me to experience pain.

you hear that MyLambChop?