NO.
For the post count.
EDIT: myself's quote is now cut off thanks to BFL and other spam.
Topic: my intuition says: we're sitting on a rocket about to be ignited - page 11. (Read 36883 times)
November 06, 2012, 03:48:32 AM
November 06, 2012, 02:45:39 AM
because OP did hold 300 000 bitcoins and he say UP UP have no connection 
http://www.spiegel.de/netzwelt/netzpolitik/hacker-waehrung-bitcoin-geld-aus-der-steckdose-a-765382.html
http://www.spiegel.de/netzwelt/netzpolitik/hacker-waehrung-bitcoin-geld-aus-der-steckdose-a-765382.html
Sorry, for posting of topic.
So this is you?!
Thanks dude, without you I still wouldn't know about Bitcoin
November 06, 2012, 02:30:32 AM
I need to get rid of my crumbling fiat! I know, I'll buy ASICs (which don't seem to exist yet) and sell the coins I mine to get my fiat back!
ah, you put that a lot better than I did
And more funny! 
November 06, 2012, 02:22:33 AM
One 'killer use' might be Greek and Argentinian citizens smuggling money out of the country after a currency devaluation. This requires them to buy bitcoins before the collapse however, which no one really knows the date of. Value of bitcoin goes up. Greeks buying ASICs and mining doesn't help the value of bitcoin, as they would look to sell ASAP to pay for the hardware purchases.
A negative side effect of this however would be Europe and possibly its allies (USA, etc) putting pressure on bitcoin exchanges to not take 'illegal' funds from nations where currency controls are present. MtGox et al are near useless without integration into the global banking system (how else does one transfer money to MtGox?). Does MtGox being in Japan make it more immune to outside influence? No, as the USA just needs to remind Japan who it is that provides security guarantees for the nation.
A negative side effect of this however would be Europe and possibly its allies (USA, etc) putting pressure on bitcoin exchanges to not take 'illegal' funds from nations where currency controls are present. MtGox et al are near useless without integration into the global banking system (how else does one transfer money to MtGox?). Does MtGox being in Japan make it more immune to outside influence? No, as the USA just needs to remind Japan who it is that provides security guarantees for the nation.
I need to get rid of my crumbling fiat! I know, I'll buy ASICs (which don't seem to exist yet) and sell the coins I mine to get my fiat back!
November 06, 2012, 02:14:19 AM
One 'killer use' might be Greek and Argentinian citizens smuggling money out of the country after a currency devaluation. This requires them to buy bitcoins before the collapse however, which no one really knows the date of. Value of bitcoin goes up. Greeks buying ASICs and mining doesn't help the value of bitcoin, as they would look to sell ASAP to pay for the hardware purchases.
That doesn't make sense. If they want to "smuggle bitcoins" and buy ASIC for acquiring them, they would specifically NOT sell the coins, because they are exactly trying to turn EUR into BTC.
November 06, 2012, 02:11:48 AM
because OP did hold 300 000 bitcoins and he say UP UP have no connection
http://www.spiegel.de/netzwelt/netzpolitik/hacker-waehrung-bitcoin-geld-aus-der-steckdose-a-765382.html
http://www.spiegel.de/netzwelt/netzpolitik/hacker-waehrung-bitcoin-geld-aus-der-steckdose-a-765382.html
Ha! I wish, dude. I started mining in early February 2011 with one 5970. Managed to mine 1,300 coins until late 2011 at which point I turned the miner off and gave the card to some dudes in Prague.
Of course I'm interested in the exchange rate going up and I would profit from that. Hoping that a forum post would make that happen is naive. I simply had my intuition talk to me and thought I'd post that on the forums for discussion and to get a feeling about wether others feel the same way.
It seems the crowd is divided. It also seems that people try to "prove" what they want to happen is likely. That's probably part of why I'm a bull and always have been, I admit that. The other part is that I believe in the fundamentals of Bitcoin.
November 05, 2012, 10:24:45 PM
Nice talks here !
IMO, bitcoins are doomed to be mass-adopted within a decade. Any price it will trade wont matter much. As sometimes, I hope it will trade as a real currency, without going in and out with other currencies..
2 big problem may slow down wide use, outside of other currencies.. Law enforcement against BTC, and some major flaws in developpement. I'm pretty sure law enforcement will be too slow to react, and devs/miners will be able to keep things going.
Since ten years, I saw in my crystal ball, a lot of swing in ratio against other currencies.. 1000 EUR / BTC is not impossible imho. But it wont matter that much, as it will be a sure indication that BTC are on the way to be self trade without the need to touch other currencies... That is the best scenario, and quite possible within a decade.
Anyway, 21st Dec is'nt the end of the world as we know it ?
was my 2 satoshi !
IMO, bitcoins are doomed to be mass-adopted within a decade. Any price it will trade wont matter much. As sometimes, I hope it will trade as a real currency, without going in and out with other currencies..
2 big problem may slow down wide use, outside of other currencies.. Law enforcement against BTC, and some major flaws in developpement. I'm pretty sure law enforcement will be too slow to react, and devs/miners will be able to keep things going.
Since ten years, I saw in my crystal ball, a lot of swing in ratio against other currencies.. 1000 EUR / BTC is not impossible imho. But it wont matter that much, as it will be a sure indication that BTC are on the way to be self trade without the need to touch other currencies... That is the best scenario, and quite possible within a decade.
Anyway, 21st Dec is'nt the end of the world as we know it ?
was my 2 satoshi !
November 05, 2012, 09:07:50 PM
My opinion is there are distinct phases for bitcoin - one being 'edge' processors converting into other currencies, and ultimately - bitcoin has enough momentum where you don't transfer outside the system at all.
The rub, of course, is you have to get to the other phase - then they can't touch you, at least via banking channels, anyway.
The rub, of course, is you have to get to the other phase - then they can't touch you, at least via banking channels, anyway.
November 05, 2012, 08:20:24 PM
BTC will only take off once there is a killer use for it. Either mobile payments or electronic payment on the Internet. Before that, it will remain somewhat of a curiosity.
There several already: drugs, and asset protection (tax evading included). More than enough to back our funny money and then some.
Agreed. Services that protect your privacy are another great match for bitcoin.
In fact, yesterday I was shopping for a VPN service and settled on https://torguard.net/ - I was pleasantly surprised to see them offering Bit-Pay as an option. First time I ran into a site accepting bitcoin in the wild (without looking for it specifically). It is moments like that when you realize that bitcoin is here to stay.
November 05, 2012, 08:15:49 PM
One 'killer use' might be Greek and Argentinian citizens smuggling money out of the country after a currency devaluation. This requires them to buy bitcoins ...
You are clearly delusional.
But keep up the good work!
November 05, 2012, 08:13:49 PM
One 'killer use' might be Greek and Argentinian citizens smuggling money out of the country after a currency devaluation. This requires them to buy bitcoins before the collapse however, which no one really knows the date of. Value of bitcoin goes up. Greeks buying ASICs and mining doesn't help the value of bitcoin, as they would look to sell ASAP to pay for the hardware purchases.
A negative side effect of this however would be Europe and possibly its allies (USA, etc) putting pressure on bitcoin exchanges to not take 'illegal' funds from nations where currency controls are present. MtGox et al are near useless without integration into the global banking system (how else does one transfer money to MtGox?). Does MtGox being in Japan make it more immune to outside influence? No, as the USA just needs to remind Japan who it is that provides security guarantees for the nation.
A negative side effect of this however would be Europe and possibly its allies (USA, etc) putting pressure on bitcoin exchanges to not take 'illegal' funds from nations where currency controls are present. MtGox et al are near useless without integration into the global banking system (how else does one transfer money to MtGox?). Does MtGox being in Japan make it more immune to outside influence? No, as the USA just needs to remind Japan who it is that provides security guarantees for the nation.
+1 Good post.
I've been wondering about this. Clearly the exchanges are Bitcoin's Achilles heel, and the points states could attack/overregulate if they so wished - the exchanges doing their darndest to be AML/KYC compliant is exceedingly sensible. However, are there countries such as, say, St Kitts & Nevis, Costa Rica, etc. where such services could be established relatively free of hassle, along the lines of online gaming?
November 05, 2012, 07:59:42 PM
One 'killer use' might be Greek and Argentinian citizens smuggling money out of the country after a currency devaluation. This requires them to buy bitcoins before the collapse however, which no one really knows the date of. Value of bitcoin goes up. Greeks buying ASICs and mining doesn't help the value of bitcoin, as they would look to sell ASAP to pay for the hardware purchases.
A negative side effect of this however would be Europe and possibly its allies (USA, etc) putting pressure on bitcoin exchanges to not take 'illegal' funds from nations where currency controls are present. MtGox et al are near useless without integration into the global banking system (how else does one transfer money to MtGox?). Does MtGox being in Japan make it more immune to outside influence? No, as the USA just needs to remind Japan who it is that provides security guarantees for the nation.
A negative side effect of this however would be Europe and possibly its allies (USA, etc) putting pressure on bitcoin exchanges to not take 'illegal' funds from nations where currency controls are present. MtGox et al are near useless without integration into the global banking system (how else does one transfer money to MtGox?). Does MtGox being in Japan make it more immune to outside influence? No, as the USA just needs to remind Japan who it is that provides security guarantees for the nation.
November 05, 2012, 06:53:43 PM
would a few weeks of trading toward 11.50 change any of these indicators?
I THINK SO!
I THINK SO!
He has spoken. BUY.
November 05, 2012, 06:51:00 PM
would a few weeks of trading toward 11.50 change any of these indicators?
I THINK SO!
I THINK SO!
November 05, 2012, 06:49:36 PM
Oh I see, that is becoming more complicated than I thought 
November 05, 2012, 06:46:49 PM
so the weekly macd say down
But Adam says we are going up. SS also say side ways or down
And Adam says we are going down.rsi say up or side ways
And Adam says we are going up.adx already say the past trend is dead
But Adam says we are going down.FTFY lol
November 05, 2012, 06:35:56 PM
so the weekly macd say down
But Adam says we are going up. SS also say side ways or down
And Adam says we are going up.rsi say up or side ways
And Adam says we are going up.adx already say the past trend is dead
But Adam says we are going up.
November 05, 2012, 06:28:32 PM
so the weekly macd say down
SS also say side ways or down
rsi say up or side ways
adx already say the past trend is dead
because OP did hold 300 000 bitcoins and he say UP UP have no connection
http://www.spiegel.de/netzwelt/netzpolitik/hacker-waehrung-bitcoin-geld-aus-der-steckdose-a-765382.html
SS also say side ways or down
rsi say up or side ways
adx already say the past trend is dead
because OP did hold 300 000 bitcoins and he say UP UP have no connection
http://www.spiegel.de/netzwelt/netzpolitik/hacker-waehrung-bitcoin-geld-aus-der-steckdose-a-765382.html
November 05, 2012, 04:34:18 PM
I'd like Bitcoin to stay right where it is until we've had a few more years ramp-up in regards to infrastructure. If "they" can control world financial markets, what makes you think they would bat an eye at spending billions to save the profit centers making them trillions? As soon as the banks realize Bitcoin is a threat, the jig is up. If we don't have a massive network already in place with measures to protect it, we're boned.
what about W.O.W. gold?
shouldn't they worry about that threat too?
lol bitcoin is FAR from being a threat...
ECB paper:
W.O.W gold: type 1
linden $: type 2
bitcoin: type 3
type 3 == problem
as steamboat says: we're only getting stronger with time. Maybe there's a point of no return.
November 05, 2012, 04:12:20 PM
I'd like Bitcoin to stay right where it is until we've had a few more years ramp-up in regards to infrastructure. If "they" can control world financial markets, what makes you think they would bat an eye at spending billions to save the profit centers making them trillions? As soon as the banks realize Bitcoin is a threat, the jig is up. If we don't have a massive network already in place with measures to protect it, we're boned.
This assumes that Bitcoin is actually a threat to banks and the banking industry. There are enough Microsoft Windows users out there with computers infected with all sorts of malware to keep the banks very profitable should Bitcoin become mainstream. These users will deposit their Bitcoins with the banks for the same reason people in the 18th century deposited their gold with the Rothschilds: Fear of theft. In many ways the impact that Bitcoin will have on banking is to turn back the clock say 100 or 200 years and may ironically end up saving many banks and bankers.
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