Topic: rpietila Wall Observer - the Quality TA Thread ;) - page 150. (Read 907229 times)

Quote from: AnnoyMint on July 19, 2014, 12:41:51 PM

My husband and I were careful not to invest either because of the relationship with drugs, money laundering back in 2012. We waited until we heard that some money laundering rules were at least being put into place before making our first purchase in 2013 right before the April bubble. Unfortunately we did not go "all in" at that point and just put our feet in the water so to speak. Wink

I feel like fear of the government cost us a few thousand, if not hundred thousand, at this point. At least we are involved now and it is still early!

You are most likely incapable of understanding exactly how too late it is at this time, but it is too early to say for sure how late it actually is lately, and when the time comes you will be surprised at how early some of us (me in particular) were able to determine how late it actually is. Lately I have been giving this topic some thought, especially early in the morning when I awake, which in your part of the world would be very late at night, but I actually experience day earlier than you ever could because of the rotational bias of the spherical solar satellite on which we reside being more attuned to my early waking than yours. It is simply too late for you.

But I am done trying to elucidate the likes of you, and will leave now, never to return to this thread.

Time will tell. I am not worried. I haven't lost anything and have gained a decent amount in one year so it is all good regardless.

But I have a feeling we are still VERY early in this. Grin

Please ignore to that newbie troll acct, BitChick. Everyone involved in Bitcoin knows that whether it takes 2 yrs, 5 yrs, or even 10 yrs, bitcoin will at the very least do another 80-100X the current exchange price. It's silly to think that the ~2M bitcoiners worldwide currently involved is all that there will ever be involved, ever. A laughable thought, actually. If and when the Bitcoin market ever plateaus, I believe at least 250M+ bitcoiners worldwide will be involved. And that's a very conservative estimate, to say the least.

LOL, check the post history for AnnoyMint. This is a spoof account parodying another infamous profile here at bitcointalk--it's actually pretty funny.

Yes. I know. The post was way too short to be the real "Annonymint." Wink

I just can't help but respond for some reason?

ErisDiscordia

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Imposition of ORder = Escalation of Chaos

Quote from: Torque on July 19, 2014, 01:48:13 PM

My husband and I were careful not to invest either because of the relationship with drugs, money laundering back in 2012. We waited until we heard that some money laundering rules were at least being put into place before making our first purchase in 2013 right before the April bubble. Unfortunately we did not go "all in" at that point and just put our feet in the water so to speak. Wink

I feel like fear of the government cost us a few thousand, if not hundred thousand, at this point. At least we are involved now and it is still early!

You are most likely incapable of understanding exactly how too late it is at this time, but it is too early to say for sure how late it actually is lately, and when the time comes you will be surprised at how early some of us (me in particular) were able to determine how late it actually is. Lately I have been giving this topic some thought, especially early in the morning when I awake, which in your part of the world would be very late at night, but I actually experience day earlier than you ever could because of the rotational bias of the spherical solar satellite on which we reside being more attuned to my early waking than yours. It is simply too late for you.

But I am done trying to elucidate the likes of you, and will leave now, never to return to this thread.

And the troll of the year award goes to... Cheesy

Thank you, kind sir, you made me literally LOL

Peter R

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Quote from: BitChick on July 19, 2014, 01:04:06 PM

Quote from: AnnoyMint on July 19, 2014, 12:41:51 PM

Quote from: BitChick on July 19, 2014, 01:04:06 PM

My husband and I were careful not to invest either because of the relationship with drugs, money laundering back in 2012. We waited until we heard that some money laundering rules were at least being put into place before making our first purchase in 2013 right before the April bubble. Unfortunately we did not go "all in" at that point and just put our feet in the water so to speak. Wink

I feel like fear of the government cost us a few thousand, if not hundred thousand, at this point. At least we are involved now and it is still early!

You are most likely incapable of understanding exactly how too late it is at this time, but it is too early to say for sure how late it actually is lately, and when the time comes you will be surprised at how early some of us (me in particular) were able to determine how late it actually is. Lately I have been giving this topic some thought, especially early in the morning when I awake, which in your part of the world would be very late at night, but I actually experience day earlier than you ever could because of the rotational bias of the spherical solar satellite on which we reside being more attuned to my early waking than yours. It is simply too late for you.

But I am done trying to elucidate the likes of you, and will leave now, never to return to this thread.

Time will tell. I am not worried. I haven't lost anything and have gained a decent amount in one year so it is all good regardless.

But I have a feeling we are still VERY early in this. Grin

Please ignore to that newbie troll acct, BitChick. Everyone involved in Bitcoin knows that whether it takes 2 yrs, 5 yrs, or even 10 yrs, bitcoin will at the very least do another 80-100X the current exchange price. It's silly to think that the ~2M bitcoiners worldwide currently involved is all that there will ever be involved, ever. A laughable thought, actually. If and when the Bitcoin market ever plateaus, I believe at least 250M+ bitcoiners worldwide will be involved. And that's a very conservative estimate, to say the least.

LOL, check the post history for AnnoyMint. This is a spoof account parodying another infamous profile here at bitcointalk--it's actually pretty funny.

Torque

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Quote from: AnnoyMint on July 19, 2014, 12:41:51 PM

Quote from: AnnoyMint on July 19, 2014, 12:41:51 PM

My husband and I were careful not to invest either because of the relationship with drugs, money laundering back in 2012. We waited until we heard that some money laundering rules were at least being put into place before making our first purchase in 2013 right before the April bubble. Unfortunately we did not go "all in" at that point and just put our feet in the water so to speak. Wink

I feel like fear of the government cost us a few thousand, if not hundred thousand, at this point. At least we are involved now and it is still early!

You are most likely incapable of understanding exactly how too late it is at this time, but it is too early to say for sure how late it actually is lately, and when the time comes you will be surprised at how early some of us (me in particular) were able to determine how late it actually is. Lately I have been giving this topic some thought, especially early in the morning when I awake, which in your part of the world would be very late at night, but I actually experience day earlier than you ever could because of the rotational bias of the spherical solar satellite on which we reside being more attuned to my early waking than yours. It is simply too late for you.

But I am done trying to elucidate the likes of you, and will leave now, never to return to this thread.

Time will tell. I am not worried. I haven't lost anything and have gained a decent amount in one year so it is all good regardless.

But I have a feeling we are still VERY early in this. Grin

Please ignore that newbie troll acct, BitChick. Everyone involved in Bitcoin knows that whether it takes 2 yrs, 5 yrs, or even 10 yrs, bitcoin will at the very least do another 80-100X the current exchange price. It's silly to think that the ~2M bitcoiners worldwide currently involved is all that there will ever be involved, ever. A laughable thought, actually. If and when the Bitcoin market ever plateaus, I believe at least 250M+ bitcoiners worldwide will be involved. And that's a very conservative estimate, to say the least.

Erdogan

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If you are a latecomer and full of grief, just swallow that, and inform yourself now. Imagine what bitcoin can do from its current state, based on bitcoin properties and how the world works. If it looks good, jump in. Know, reason and feel, act.

BitChick

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My husband and I were careful not to invest either because of the relationship with drugs, money laundering back in 2012. We waited until we heard that some money laundering rules were at least being put into place before making our first purchase in 2013 right before the April bubble. Unfortunately we did not go "all in" at that point and just put our feet in the water so to speak. Wink

I feel like fear of the government cost us a few thousand, if not hundred thousand, at this point. At least we are involved now and it is still early!

You are most likely incapable of understanding exactly how too late it is at this time, but it is too early to say for sure how late it actually is lately, and when the time comes you will be surprised at how early some of us (me in particular) were able to determine how late it actually is. Lately I have been giving this topic some thought, especially early in the morning when I awake, which in your part of the world would be very late at night, but I actually experience day earlier than you ever could because of the rotational bias of the spherical solar satellite on which we reside being more attuned to my early waking than yours. It is simply too late for you.

But I am done trying to elucidate the likes of you, and will leave now, never to return to this thread.

Time will tell. I am not worried. I haven't lost anything and have gained a decent amount in one year so it is all good regardless.

But I have a feeling we are still VERY early in this. Grin

AnnoyMint

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Quote from: giveBTCpls on July 19, 2014, 09:11:32 AM

My husband and I were careful not to invest either because of the relationship with drugs, money laundering back in 2012. We waited until we heard that some money laundering rules were at least being put into place before making our first purchase in 2013 right before the April bubble. Unfortunately we did not go "all in" at that point and just put our feet in the water so to speak. Wink

I feel like fear of the government cost us a few thousand, if not hundred thousand, at this point. At least we are involved now and it is still early!

You are most likely incapable of understanding exactly how too late it is at this time, but it is too early to say for sure how late it actually is lately, and when the time comes you will be surprised at how early some of us (me in particular) were able to determine how late it actually is. Lately I have been giving this topic some thought, especially early in the morning when I awake, which in your part of the world would be very late at night, but I actually experience day earlier than you ever could because of the rotational bias of the spherical solar satellite on which we reside being more attuned to my early waking than yours. It is simply too late for you.

But I am done trying to elucidate the likes of you, and will leave now, never to return to this thread.

BitChick

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Quote from: elebit on July 19, 2014, 07:19:52 AM

Quote from: giveBTCpls on July 19, 2014, 05:52:04 AM

had I invested in Bitcoin before the insane price increase. It's specially annoying as I saw it a lot of times back in 2009, but I don't want to be involved in criminal shit I though... ahh fuck.

You didn't research it very thoroughly if you thought it was criminal. If it's any consolation, thousands of people researched it more than you did and even contributed to the community without buying in. There may be hundreds of reasons, that you didn't have money at the time, that paypal blocked your account and you got burned etc. etc.

The question is how many thought "omfg $100, I really should have bought some earlier, I'll wait until they get less expensive" and are kicking themselves now. The major exchange turned out to be a scam, China decided aganist merchant adoption, and not once did we dip under $400 for very long.

Oh yeah I didn't. I thought "all this people will eventually get screwed". Like they would trace back the coins to the owners and shit. Also I just was scared away by the paedo and drugs stuff, so yeah I just forgot about it and thought it was "some deep web shit".

My husband and I were careful not to invest either because of the relationship with drugs, money laundering back in 2012. We waited until we heard that some money laundering rules were at least being put into place before making our first purchase in 2013 right before the April bubble. Unfortunately we did not go "all in" at that point and just put our feet in the water so to speak. Wink

I feel like fear of the government cost us a few thousand, if not hundred thousand, at this point. At least we are involved now and it is still early!

Erdogan

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It is not too late to get in.

giveBTCpls

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Quote from: elebit on July 19, 2014, 07:19:52 AM

Quote from: giveBTCpls on July 19, 2014, 05:52:04 AM

had I invested in Bitcoin before the insane price increase. It's specially annoying as I saw it a lot of times back in 2009, but I don't want to be involved in criminal shit I though... ahh fuck.

You didn't research it very thoroughly if you thought it was criminal. If it's any consolation, thousands of people researched it more than you did and even contributed to the community without buying in. There may be hundreds of reasons, that you didn't have money at the time, that paypal blocked your account and you got burned etc. etc.

The question is how many thought "omfg $100, I really should have bought some earlier, I'll wait until they get less expensive" and are kicking themselves now. The major exchange turned out to be a scam, China decided aganist merchant adoption, and not once did we dip under $400 for very long.

Oh yeah I didn't. I thought "all this people will eventually get screwed". Like they would trace back the coins to the owners and shit. Also I just was scared away by the paedo and drugs stuff, so yeah I just forgot about it and thought it was "some deep web shit".

elebit

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Quote from: giveBTCpls on July 19, 2014, 05:52:04 AM

had I invested in Bitcoin before the insane price increase. It's specially annoying as I saw it a lot of times back in 2009, but I don't want to be involved in criminal shit I though... ahh fuck.

You didn't research it very thoroughly if you thought it was criminal. If it's any consolation, thousands of people researched it more than you did and even contributed to the community without buying in. There may be hundreds of reasons, that you didn't have money at the time, that paypal blocked your account and you got burned etc. etc.

The question is how many thought "omfg $100, I really should have bought some earlier, I'll wait until they get less expensive" and are kicking themselves now. The major exchange turned out to be a scam, China decided aganist merchant adoption, and not once did we dip under $400 for very long.

giveBTCpls

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Quote from: Pente on July 18, 2014, 02:43:00 PM

Quote from: giveBTCpls on July 18, 2014, 04:32:29 AM

Quote from: Zangelbert Bingledack on July 18, 2014, 02:24:51 PM

Meanwhile in spain: Unemployed, barely can pay bills, my pet is sick to boot. On top of that: I learned about Bitcoin back in 2009 but didn't invest because it was always linked to criminal activity so didn't look into it, as a result, I see it on mainstream news 4 years later about how it went to 700 dollar a coin. Thank you Bitcoin for making me suicidal for life.

If you are feeling suicidal, then there are problably deeper issues than just missing out on buying when bitcoins were pennies each. I can point to dozens of major episodes in my life and say "if I had only known that...".

Depression is usually caused by some set of cognitive distortions. I would suggest reading "The Road less Traveled" by Scott M. Peck and as counterbalance "The Psychology of Self-Esteem" by Nathaniel Brandon. Send me a PM if you can't afford them and would like a text copy. I use to deal with serious depression in the past and it was caused by some seriously flawed thinking.

As for missing the train on Bitcoin. It is very unlikely. The value (capitalization) seems to be following metcalfes law, so as more people adopt Bitcoin, it will continue to grow A LOT.

A price of over a million dollars per coin within 20 years is fully reasonable according to my analysis. I would expect it much sooner, but major mining companies sell most of their coins to continue operations and I believe this will start to create a huge downward pressure in the future slowing growth. On the positive side, it may create more stability though.

Hi, thanks for imput, im not obviously going to kill myself over it lol... it's just a comment. Im aware tho, of how infinitely better would my life and my family's life be had I invested in Bitcoin before the insane price increase. It's specially annoying as I saw it a lot of times back in 2009, but I don't want to be involved in criminal shit I though... ahh fuck.

As for the price increase in 20 years.. what would the context be like in a 1 million dollar = 1 bitcoin scenareo?

Also, mining is true that decreases price or makes a resistance for it to grow faster as big miners dump constantly to pay for bills and whatnot, but take into account (as far as I know) the further we go in time the harder it will be to mine so less quantity of coins will be dumped monthly.

giveBTCpls

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Quote from: giveBTCpls on July 18, 2014, 09:32:02 AM

But Bitcoin has already reached Gold-tier prices... can you really compare that graph to Bitcoin? What you are suggesting is Bitcoin has barely seen a rise in price yet compared to what's to come. I think this is plain insane and inceptions my mind. How could a single unit of something be so valuable? If we scalate your graph to Bitcoin what you are saying is that these stories about Bitcoin reaching 100K dollars will become true. I think this is plain nuts and delusional. How could a single BTC have the purchasing power of 100K dollars? Of course, it could always mean that Bitcoin goes to 100K and dollar decreases to the point 100K have the purchasing power of 10K... what im saying is, if what you say is right and taking into account the dollar doesn't collapse, and taking as a reference the current dollar purchasing power, one single BTC in that supossed future of yours would mean it can buy you a house. I don't really thing this is possible. How absurdly rich would be the guys that mined at the very early stages or invested when it was worth peanuts, and now have shit tons of BTC? They would become the new Rothchilds. That's just too nuts.

1) Currency unit size is arbitrary. Replace "bitcoins reaching $100K" with "bits reaching 10 cents" and see how the argument sounds.

2) http://en.wikipedia.org/wiki/Argument_from_incredulity

3) No the early miners won't become the next Rothchilds...at least not necessarily. They have to sell a lot to balance risk along the way. See discussion of dishoarding rates here: https://bitcointalksearch.org/topic/sss-a-sane-and-simple-bitcoin-savings-plan-345065

4) This kind of out-of-hand dismissal is exactly why you missed the boat before. The boat is only halfway through its journey. You don't have to miss it again Wink

True, but price would you expect once "the boat has reached it's destination"? Thats what im trying to fathom, im also failing to understand how that Microsoft graph can apply to Bitcoin. How much would 1 BTC cost in the equivalent of that graph in 2013? (if Bitcoin was in 1990 price).
The increase in price would be nuts. Thats what I don't get.
In any case yes, im trying to get as much BTC as possible, hard to do when you are fiat poor tho.

prophetx

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he who has the gold makes the rules

i remember reading some article when bitcoin hit $1, i think some time in early 2010... i remember thinking to myself "dude this shit will be worth $1000" within 5 years...

then i got distracted by a bunch of work, etc so I never set up a miner. blah.

i've actually never bought any BTC with my own money or mined that much (maybe 0.0005), just providing services.

luigi1111

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Quote from: Zangelbert Bingledack on July 18, 2014, 02:24:51 PM

Quote from: giveBTCpls on July 18, 2014, 09:32:02 AM

But Bitcoin has already reached Gold-tier prices... can you really compare that graph to Bitcoin? What you are suggesting is Bitcoin has barely seen a rise in price yet compared to what's to come. I think this is plain insane and inceptions my mind. How could a single unit of something be so valuable? If we scalate your graph to Bitcoin what you are saying is that these stories about Bitcoin reaching 100K dollars will become true. I think this is plain nuts and delusional. How could a single BTC have the purchasing power of 100K dollars? Of course, it could always mean that Bitcoin goes to 100K and dollar decreases to the point 100K have the purchasing power of 10K... what im saying is, if what you say is right and taking into account the dollar doesn't collapse, and taking as a reference the current dollar purchasing power, one single BTC in that supossed future of yours would mean it can buy you a house. I don't really thing this is possible. How absurdly rich would be the guys that mined at the very early stages or invested when it was worth peanuts, and now have shit tons of BTC? They would become the new Rothchilds. That's just too nuts.

1) Currency unit size is arbitrary. Replace "bitcoins reaching $100K" with "bits reaching 10 cents" and see how the argument sounds.

2) http://en.wikipedia.org/wiki/Argument_from_incredulity

3) No the early miners won't become the next Rothchilds...at least not necessarily. They have to sell a lot to balance risk along the way. See discussion of dishoarding rates here: https://bitcointalksearch.org/topic/sss-a-sane-and-simple-bitcoin-savings-plan-345065

4) This kind of out-of-hand dismissal is exactly why you missed the boat before. The boat is only halfway through its journey. You don't have to miss it again Wink

#1 basically answers his whole post.

On #3, just for reference, at $100k USD/BTC rate, Satoshi's estimated holdings would "only" be worth $100 billion or so, which, while being an outrageous amount to the average person, is only about 5 Twitters' worth (in the big picture, not that much). Overall market cap would be in the $1.5 trillion range, which absolutely puts BTC in the "it's a big deal" category (but still not nearly replacing fiat).

#4, BUY BUY BUY. Grin

Edit: to further expound on #3, a large holder of, say, 10,000 BTC would be worth $1 billion. $1 billion does not a Rothschild make. Also, people don't just typically hold everything they have while the price climbs >100x.

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Quote from: giveBTCpls on July 18, 2014, 09:36:09 AM

Quote from: kehtolo on July 18, 2014, 05:13:53 AM

Quote from: giveBTCpls on July 18, 2014, 04:32:29 AM

Quote from: rpietila on July 18, 2014, 03:18:48 AM

Meanwhile in spain: Unemployed, barely can pay bills, my pet is sick to boot. On top of that: I learned about Bitcoin back in 2009 but didn't invest because it was always linked to criminal activity so didn't look into it, as a result, I see it on mainstream news 4 years later about how it went to 700 dollar a coin. Thank you Bitcoin for making me suicidal for life.

Yep - i found out about Bitcoin a few years back too..(not sure exactly when) guess what? i didn't invest either, as i thought it wouldn't last.. was only €4 at the time..
Then it was only associated with Silk Road.. I didn't invest then either.. too dodgy, and I assumed the powers that be would eventually shut it down and my investment would be worth nothing.
(I was both right and very wrong!)

But, I did buy some.. and kept buying what i could afford (to lose) which was sensible.. but i wish i invested every penny i could afford period.
If only i could have seen the future then.

It doesn't matter really. I have some now.. I can't see the future from here.. but i can guess better now with hindsight. (hint: i will be awesome, and probably well beyond expectation)

Buy what you can afford.. as much as you can.. weekly, monthly.. whatever.. keep it safe and hold on.
This is 1000% times better than saving..
This is future saving on steroids.
Do it!

Yes, I do think you are right, im trying to buy as much as possible, but with my little savings I can get like what.. 0.05 a month. For this to change my life, Bitcoin would need to go 100K a coin, literally. I see this as too far fetched. This would mean total adoption, surpassing paypal, surpassing everything, being the king, and the demand being ridiculously high. Let's hope what now seems extremely ridiculous becomes true tho.

Depending on the size of your total net assets (I am thinking go more aggressive if it is a small portfolio) put up to a maximum of 80% into BTC, keep the other 20% in gold. I would not touch stocks right now or real estate (although that depends on where you live).

Get a job if you don't have one already. Spend only on necessities, put whatever is left in bitcoin.

Don't trade and keep your coins safe. I have no doubt that if bitcoin is still around in 5-10 years, it will be ~$50k+. Good luck and keep your head up. As someone else said, you need to go through pain in order to feel joy

Roy Badami

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Quote from: wobber on July 18, 2014, 03:10:15 AM

Quote from: rpietila on July 18, 2014, 02:12:19 AM

Quote from: BombaUcigasa on July 17, 2014, 11:44:27 PM

Quote from: giveBTCpls on July 18, 2014, 04:32:29 AM

Fix your castle man...

Because of popular opinion, I don't Cheesy

In the last conference, the people there voted in favor of a castle-like castle instead of a palatial one. So the conferences this august (8-18, thread in the appropriate event section), and late september, are still in candlelight.

The outbuildings with their 11 hotel rooms, 4 living rooms, conference room, kitchen, sauna and altogether 9 bathrooms, are in very good condition as some of them were built last month, and some of them undergo a renovation this/next month.

Question: do you still own that physical silver? I remember talking to you some time ago, I'm was not decided 100% but now I think I should buy some. What was the price you were selling at?

I have the silver but it's a good % of my portfolio now. If you come to Malla, Estonia to take delivery, I can sell you 500oz in Maples. The price would be about 15% markup to the bulk Royal Canadian mint pricing (which I cannot find anywhere... Sad

)

~~Do you~~ Does your company in Estonia still sell physical silver VAT free and ship within the EU? Or is that no more?

I know there are other places I can buy VAT free silver from Estonia (for fiat, at least) but I don't know much about them. Of course, the idea of a conference by candlelight suddenly encourages me to come to Malla :-)

Although mainly, what little silver I have I mainly hold through https://www.bullionvault.com/ - and that's VAT free because it stays in LBMA vaults. I quite like SLW too (and hold a little) - would be interested to know your thoughts on it?

roy

Pente

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