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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29239. (Read 26609776 times)

hero member
Activity: 812
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[21:20:32] ok, my updated position
[21:20:32] I still trust mark to try and do the best he can for users
[21:20:33] which probably means trying to sell to a big player who can cover user deposits
full member
Activity: 140
Merit: 100
banned but not broken
The comments on CNN's front page story really shows how the public is rooting for bitcoin to fail.
Boy, I can't wait to see those bashers' faces when we get to $10,000.

It will be the same as the bashers who called it a dead ponzi after the first crash and then continued to call it a ponzi during the next boom. They have no interest in learning about it. I think it will take full blown currency crisis before they spend some time trying understand what Bitcoin is.

That's exactly the thing, bitcoin is quite complex for the average Joe to understand, the principles, the working mechanisms are unlike anything there was before in the financial world.
People really cling to old beliefs and old thought patterns. All they do when hearing about bitcoin, is reading two or three news articles, written of course by absolutely clueless reporters who themselves
do not understand anything about technology, then in the end they come to the conclusion that it's just another volatile, high risk asset. They do not understand the revolutionary technology behind it, nor do they care. Until a giant catastrophe won't force them into bitcoin, literally force them to read and learn about what bitcoin really is, they will just repeat the same old lines, the same old beliefs that we alle have heard so often before. Those guys will still cry "ponzi" when bitcoin reaches 100k $, which I strongly believe, it will one day.


Bitcoin isn't a ponzi scheme, because it's just a neutral piece of software. What it is however, is a very good platform to grow ponzi schemes (goxes) on.
sr. member
Activity: 378
Merit: 250
jeremy liew asking lawsky to expedite regulation
What are they going to regulate anyway? There isn't really much they can do. If they regulate US based exchanges, exchanges will just open elsewhere (i.e., Singapore?).

The whole discussion of regulation is a pipe-dream.

I don't want regulation for the simple fact that I don't want an exchange which is going to report my trade history to a government.

Regulations don't have to come from state. The bitcoin market system can be self-regulatory when it would just get off it's ass and act. Nice to see that this idea isn't getting so much numb-minded "regulation is eeevil! eeevil I tell you! the free market will sort out everything!" as it got couple of weeks ago.

You can check out this topic: https://bitcointalksearch.org/topic/m.5058843
He is talking about US government regulation. I agree, regulations can take different forms, and I am for those free market regulatory forms. I think Bitcoin could allow the demonstration of this to the public, where such possibilities have been prohibited by government and people's lack of understanding of the self regulatory nature of markets.
sr. member
Activity: 386
Merit: 334
-"When the going gets weird, the weird turn pro."
Bring regulation tomorrow as far as I'm concerned. I'll never have problems sleeping being full in bitcoins then as that means to the moon ladies and gentleman.

Those who thought we're going to be left free forever to make millions without being regulated live in cuckooland.
Depends on where you live. Bitcoin and its exchanges/services won't be regulated everywhere.

I don't live in USA but USA is all that matters for Bitcoin to prosper. So, US regulation is coming and I am very happy for it.

Either troll or naive.

Regulation as in using global accounting firms to launder your money and evade tax by moving money between countries as corporations do, but only if you are a member of the club.

Is that your idea of prosperity?
full member
Activity: 196
Merit: 100
The comments on CNN's front page story really shows how the public is rooting for bitcoin to fail.
Boy, I can't wait to see those bashers' faces when we get to $10,000.

It will be the same as the bashers who called it a dead ponzi after the first crash and then continued to call it a ponzi during the next boom. They have no interest in learning about it. I think it will take full blown currency crisis before they spend some time trying understand what Bitcoin is.

That's exactly the thing, bitcoin is quite complex for the average Joe to understand, the principles, the working mechanisms are unlike anything there was before in the financial world.
People really cling to old beliefs and old thought patterns. All they do when hearing about bitcoin, is reading two or three news articles, written of course by absolutely clueless reporters who themselves
do not understand anything about technology, then in the end they come to the conclusion that it's just another volatile, high risk asset. They do not understand the revolutionary technology behind it, nor do they care. Until a giant catastrophe won't force them into bitcoin, literally force them to read and learn about what bitcoin really is, they will just repeat the same old lines, the same old beliefs that we alle have heard so often before. Those guys will still cry "ponzi" when bitcoin reaches 100k $, which I strongly believe, it will one day.
sr. member
Activity: 378
Merit: 250
jeremy liew asking lawsky to expedite regulation
What are they going to regulate anyway? There isn't really much they can do. If they regulate US based exchanges, exchanges will just open elsewhere (i.e., Singapore?).

The whole discussion of regulation is a pipe-dream.

And those exchanges will be shit just like any others built for few thousands.

We need exchange built for millions, and that will happen in USA only, and that won't happen before every bit of thing is regulated as nobody will invest that amount of money in something that isn't defined by law.
You don't know that. That is the beauty of the free market... it more than likely tends to develop better innovations than regulated ones, despite the bumps along the way.
full member
Activity: 862
Merit: 100
The comments on CNN's front page story really shows how the public is rooting for bitcoin to fail.
Boy, I can't wait to see those bashers' faces when we get to $10,000.

It will be the same as the bashers who called it a dead ponzi after the first crash and then continued to call it a ponzi during the next boom. They have no interest in learning about it. I think it will take full blown currency crisis before they spend some time trying understand what Bitcoin is.
And that crisis is about to happen after the Federal Reserve tapers (They already started tapering). History tells us again and again that the stock market always crashes after rampant market intervention and manipulation.
full member
Activity: 140
Merit: 100
banned but not broken
jeremy liew asking lawsky to expedite regulation
What are they going to regulate anyway? There isn't really much they can do. If they regulate US based exchanges, exchanges will just open elsewhere (i.e., Singapore?).

The whole discussion of regulation is a pipe-dream.

I don't want regulation for the simple fact that I don't want an exchange which is going to report my trade history to a government.

Regulations don't have to come from state. The bitcoin market system can be self-regulatory when it would just get off it's ass and act. Nice to see that this idea isn't getting so much numb-minded "regulation is eeevil! eeevil I tell you! the free market will sort out everything!" as it got couple of weeks ago.

You can check out this topic: https://bitcointalksearch.org/topic/m.5055548
hero member
Activity: 531
Merit: 501
The comments on CNN's front page story really shows how the public is rooting for bitcoin to fail.
Boy, I can't wait to see those bashers' faces when we get to $10,000.

It will be the same as the bashers who called it a dead ponzi after the first crash and then continued to call it a ponzi during the next boom. They have no interest in learning about it. I think it will take full blown currency crisis before they spend some time trying understand what Bitcoin is.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
jeremy liew asking lawsky to expedite regulation
What are they going to regulate anyway? There isn't really much they can do. If they regulate US based exchanges, exchanges will just open elsewhere (i.e., Singapore?).

The whole discussion of regulation is a pipe-dream.

And those exchanges will be shit just like any others built for few thousands.

We need exchange built for millions, and that will happen in USA only, and that won't happen before every bit of thing is regulated as nobody will invest that amount of money in something that isn't defined by law.
sr. member
Activity: 302
Merit: 250
The comments on CNN's front page story really shows how the public is rooting for bitcoin to fail.
Boy, I can't wait to see those bashers' faces when we get to $10,000.

Anyway, you have to wait. We all will have to wait....  Undecided

I hope they interview this guy again in a few years:
http://www.bloomberg.com/video/bitcoin-a-ponzi-scheme-fraud-marathon-s-richards-xkVBN0BCTYOh5O13JTt2Ug.html

It wont matter - they already have been proven wrong and still hold that view...

If btc settles at $10,000 it will have fallen from a much higher number, and people will be crying crash..

sr. member
Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
jeremy liew asking lawsky to expedite regulation
What are they going to regulate anyway? There isn't really much they can do. If they regulate US based exchanges, exchanges will just open elsewhere (i.e., Singapore?).

The whole discussion of regulation is a pipe-dream.

well to the average user/investor having a fully regulated exchange > an exchange that can gox you at any time

exchanges are free to open anywhere they want, doesn't mean people will trust/use them especially when there are regulated, credible exchanges available
full member
Activity: 862
Merit: 100
The comments on CNN's front page story really shows how the public is rooting for bitcoin to fail.
Boy, I can't wait to see those bashers' faces when we get to $10,000.

Anyway, you have to wait. We all will have to wait....  Undecided

I hope they interview this guy again in a few years:
http://www.bloomberg.com/video/bitcoin-a-ponzi-scheme-fraud-marathon-s-richards-xkVBN0BCTYOh5O13JTt2Ug.html
sr. member
Activity: 378
Merit: 250
jeremy liew asking lawsky to expedite regulation
What are they going to regulate anyway? There isn't really much they can do. If they regulate US based exchanges, exchanges will just open elsewhere (i.e., Singapore?).

The whole discussion of regulation is a pipe-dream.

I don't want regulation for the simple fact that I don't want an exchange which is going to report my trade history to a government.
legendary
Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!
The comments on CNN's front page story really shows how the public is rooting for bitcoin to fail.
Boy, I can't wait to see those bashers' faces when we get to $10,000.

Anyway, you have to wait. We all will have to wait....  Undecided
full member
Activity: 862
Merit: 100
The comments on CNN's front page story really shows how the public is rooting for bitcoin to fail.
Boy, I can't wait to see those bashers' faces when we get to $10,000.
sr. member
Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
jeremy liew asking lawsky to expedite regulation
legendary
Activity: 2772
Merit: 1028
Duelbits.com
Bring regulation tomorrow as far as I'm concerned. I'll never have problems sleeping being full in bitcoins then as that means to the moon ladies and gentleman.

Those who thought we're going to be left free forever to make millions without being regulated live in cuckooland.
Depends on where you live. Bitcoin and its exchanges/services won't be regulated everywhere.

I don't live in USA but USA is all that matters for Bitcoin to prosper. So, US regulation is coming and I am very happy for it.
sr. member
Activity: 378
Merit: 250
Bring regulation tomorrow as far as I'm concerned. I'll never have problems sleeping being full in bitcoins then as that means to the moon ladies and gentleman.

Those who thought we're going to be left free forever to make millions without being regulated live in cuckooland.
Depends on where you live. Bitcoin and its exchanges/services won't be regulated everywhere.
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