This is the Part Where We Take the Wall Streeters' Money

notme

legendary

Activity: 1904

Merit: 1002

Quote from: RationalSpeculator on May 26, 2013, 02:12:36 AM

Quote from: Crypt_Current on May 25, 2013, 06:10:06 PM

Quote from: N12 on May 25, 2013, 05:36:28 PM

Quote from: sunnankar on April 03, 2013, 02:40:38 AM

So make these SV and WS speculators pay dearly, as in like $1000's per bitcoin, for any bitcoins they get. Do not let them take any sizable positions cheaply. Be the beneficiary of the wealth transfer.

Maybe next time. Cheesy

haha, I failed to see that this thread started in April Cheesy

Indeed, NEXT TIME Grin

It's really great that we can go back in time with this forum.

I can't remember having been part of a speculative community where this was the case.

Clearly these people were overly bullish. Price had hit $140 and they start saying don't sell until $1000.

None of these people took the money of some rich newcomers that overpaid for the coin...

When bears have been proven wrong time and time again, are laughed at, ignored, is exactly the time when they have the most value.

Price is still almost 140.... I wouldn't call holding at 140 a bad move just yet.

RationalSpeculator

sr. member

Activity: 294

Merit: 250

This bull will try to shake you off. Hold tight!

Quote from: Crypt_Current on May 25, 2013, 06:10:06 PM

Quote from: N12 on May 25, 2013, 05:36:28 PM

Quote from: sunnankar on April 03, 2013, 02:40:38 AM

So make these SV and WS speculators pay dearly, as in like $1000's per bitcoin, for any bitcoins they get. Do not let them take any sizable positions cheaply. Be the beneficiary of the wealth transfer.

Maybe next time. Cheesy

haha, I failed to see that this thread started in April Cheesy

Indeed, NEXT TIME Grin

It's really great that we can go back in time with this forum.

I can't remember having been part of a speculative community where this was the case.

Clearly these people were overly bullish. Price had hit $140 and they start saying don't sell until $1000.

None of these people took the money of some rich newcomers that overpaid for the coin...

When bears have been proven wrong time and time again, are laughed at, ignored, is exactly the time when they have the most value.

zby

legendary

Activity: 1592

Merit: 1001

For sure Silicon Valley investors will come before WallStreet ones.

Crypt_Current

hero member

Activity: 686

Merit: 500

Shame on everything; regret nothing.

Quote from: N12 on May 25, 2013, 05:36:28 PM

Quote from: sunnankar on April 03, 2013, 02:40:38 AM

So make these SV and WS speculators pay dearly, as in like $1000's per bitcoin, for any bitcoins they get. Do not let them take any sizable positions cheaply. Be the beneficiary of the wealth transfer.

Maybe next time. Cheesy

haha, I failed to see that this thread started in April Cheesy

Indeed, NEXT TIME Grin

N12

donator

Activity: 1610

Merit: 1010

Quote from: sunnankar on April 03, 2013, 02:40:38 AM

So make these SV and WS speculators pay dearly, as in like $1000's per bitcoin, for any bitcoins they get. Do not let them take any sizable positions cheaply. Be the beneficiary of the wealth transfer.

Maybe next time. Cheesy

Crypt_Current

hero member

Activity: 686

Merit: 500

Shame on everything; regret nothing.

Quote from: sunnankar on April 03, 2013, 02:40:38 AM

Quote from: Zangelbert Bingledack on April 03, 2013, 02:36:08 AM

If we can just HOLD on to the reins of a rampaging bull about to kick into massive overdrive.

This is where it gets fun. There are a bunch of Silicon Valley VCs and Wall Streeters who want to take multi-million dollar positions in Bitcoin. The Bitcoin market is currently waaaaaay too small to absorb these types of funds flows. Those who hold bitcoin likely do not need to sell because they have been paid for in full. Thus, supply for sale can be greatly reigned in.

And use the fact that they, along with all the new average users, are competing with each other to your advantage. For new users the price is irrelevant for transactional demand because people just buy the bitcoins to spend them and the utility of transferring value privately is all that matters. It is only speculative demand where the price matters.

So make these SV and WS speculators pay dearly, as in like $1000's per bitcoin, for any bitcoins they get. Do not let them take any sizable positions cheaply. Be the beneficiary of the wealth transfer.

I like the cut of Trace's jib :-)

Crypt_Current

hero member

Activity: 686

Merit: 500

Shame on everything; regret nothing.

To the OP:

I've never ridden a bull in my entire life, and now's my chance (metaphorically).

We just got our little family unit into a living space with all the necessary amenities for an exceptionally affordable price -- pure luck put us in the right position at the exact right time...
Because now, I am not forced to sell ANY mining proceeds, and I have ASICs coming any day now. The fiance believes in this ultimate retirement fund as hard as I do...
Sooo......

FUCK YES!!! LET'S DO THIS!

Here's to overcoming adversity, friends. :-)

Crypt_Current

hero member

Activity: 686

Merit: 500

Shame on everything; regret nothing.

Quote from: BitcoinAshley on May 25, 2013, 04:48:52 PM

Yeah, because quadrillions of dollars in derivatives is SO not risky and totally not a bubble

Bond market's not a bubble

Stock market's not a bubble

NIKKEI NOT BUBBLE -Kuroda

Student and home loans not a bubble

Housing not a reinflated bubble

Bitcoin is SO much more risky than all of those investments Wink

What are those "business investors" thinking? Are they as baked as your friend? Grin

Oh well, they can go back to their derivatives, we'll see who makes out in the end.

+1; <3 your sarcasm :-)

BitcoinAshley

sr. member

Activity: 448

Merit: 250

Yeah, because quadrillions of dollars in derivatives is SO not risky and totally not a bubble

Bond market's not a bubble

Stock market's not a bubble

NIKKEI NOT BUBBLE -Kuroda

Student and home loans not a bubble

Housing not a reinflated bubble

Bitcoin is SO much more risky than all of those investments Wink

What are those "business investors" thinking? Are they as baked as your friend? Grin

Oh well, they can go back to their derivatives, we'll see who makes out in the end.

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: ardana123 on May 25, 2013, 02:09:33 PM

who exactly is "they"?

likely referring to the Dwolla-MtGox seizure

ardana123

hero member

Activity: 504

Merit: 500

who exactly is "they"?

vokain

legendary

Activity: 1834

Merit: 1019

from a friend's correspondence

vokain

legendary

Activity: 1834

Merit: 1019

http://www.businessinsider.com/colas-clients-think-bitcoin-is-a-bubble-2013-4

Quote from: Colas

The reaction from clients has been pretty uniform: it must be a bubble. Too far, too fast, too new … you get the idea. Moreover, it’s very hard to short Bitcoins, so there’s no real way to express that pessimistic point of view, which is saving a lot of people some real money, since Bitcoin has some solid momentum just now.

Read more: http://www.businessinsider.com/colas-clients-think-bitcoin-is-a-bubble-2013-4#ixzz2PNqjlzo2

I think a few of the smarter guys are catching on Wink

"It must be a bubble don't buy don't buy" hahahaha

Zangelbert Bingledack

legendary

Activity: 1036

Merit: 1000

Planetary landgrab

Zangelbert Bingledack

legendary

Activity: 1036

Merit: 1000

Quote from: Mark Oates on April 03, 2013, 03:06:33 AM

Quote from: wopwop on April 03, 2013, 02:58:42 AM

I personally believe that US Americans are not yet aware of the full scale impact that Bitcoin will have on the world so we could be looking at 1000 $ per BTC by May

That's so true. You can just look at the tenor and lack of research in recent news reports.

But, I've also noticed that this time around, there's a bigger batch of people who now understand it, and another new batch of newbs (mainstream media) with the same "criticisms" (misunderstandings) that we've all heard before. This seems to be a cycle as the bitcoin sphere expands further and further out.

Planetary shift.

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

Quote from: Wekkel on April 03, 2013, 03:19:31 AM

I don't want to take someone else's money, I want to pay regular stuff with BTC. Wall Street adoption serves that purpose.

You will end up doing both and the guy whos money padded your pocket will likely be happy he did so, just so long as he gets in early enough.

Wekkel

legendary

Activity: 3108

Merit: 1531

yes

I don't want to take someone else's money, I want to pay regular stuff with BTC. Wall Street adoption serves that purpose.

BTC Books

member

Activity: 84

Merit: 10

Quote from: bomboclat77 on April 03, 2013, 03:08:00 AM

Quote from: Mark Oates on April 03, 2013, 03:06:33 AM

Quote from: wopwop on April 03, 2013, 02:58:42 AM

I personally believe that US Americans are not yet aware of the full scale impact that Bitcoin will have on the world so we could be looking at 1000 $ per BTC by May

That's so true. You can just look at the tenor and lack of research in recent news reports.

But, I've also noticed that this time around, there's a bigger batch of people who now understand it, and another new batch of newbs (mainstream media) with the same "criticisms" (misunderstandings) that we've all heard before. This seems to be a cycle as the bitcoin sphere expands further and further out.

I personally believe the U.S. Americans are unable to do so because, uh, some, uh...people out there in our nation don't have maps, and, uh, I believe that our education like such as South Africa and, uh, the Iraq everywhere like, such as and...I believe that they should, our education over here in the U.S. should help the U.S., err, uh, should help South Africa and should help the Iraq and the Asian countries, so we will be able to build up our future for our..

That's easy for you to say...

bomboclat77

full member

Activity: 150

Merit: 100

Quote from: Mark Oates on April 03, 2013, 03:06:33 AM

Quote from: wopwop on April 03, 2013, 02:58:42 AM

I personally believe that US Americans are not yet aware of the full scale impact that Bitcoin will have on the world so we could be looking at 1000 $ per BTC by May

That's so true. You can just look at the tenor and lack of research in recent news reports.

But, I've also noticed that this time around, there's a bigger batch of people who now understand it, and another new batch of newbs (mainstream media) with the same "criticisms" (misunderstandings) that we've all heard before. This seems to be a cycle as the bitcoin sphere expands further and further out.

I personally believe the U.S. Americans are unable to do so because, uh, some, uh...people out there in our nation don't have maps, and, uh, I believe that our education like such as South Africa and, uh, the Iraq everywhere like, such as and...I believe that they should, our education over here in the U.S. should help the U.S., err, uh, should help South Africa and should help the Iraq and the Asian countries, so we will be able to build up our future for our..

Mark Oates

full member

Activity: 168

Merit: 100

Quote from: wopwop on April 03, 2013, 02:58:42 AM

I personally believe that US Americans are not yet aware of the full scale impact that Bitcoin will have on the world so we could be looking at 1000 $ per BTC by May

That's so true. You can just look at the tenor and lack of research in recent news reports.

But, I've also noticed that this time around, there's a bigger batch of people who now understand it, and another new batch of newbs (mainstream media) with the same "criticisms" (misunderstandings) that we've all heard before. This seems to be a cycle as the bitcoin sphere expands further and further out.

Topic: This is the Part Where We Take the Wall Streeters' Money (Read 2663 times)