How awesome it would be if this was a successful retest of $340.
My speculation about 'Infinite-fiat-whale strategy' :
- Break any further adoption
- Take over money supply by starving miners to death, depart weak hands from their coins as a side-effect. Do it for as long as it takes.
- Inject mass adoption
We have the technology, but they are in charge of adoption (sheeple mind control). We will see this $200 to $600 bouncing and nerve-wrecking sideway walk for a year ladies and gentlemen. Until they take over. A typical bitcoin whale wet dream: "I will sell them @10000 minimum" is nothing, but a delusion... They have all the time in the world - you don't. All that made possible thanks to ASICs ...
Does your valuation take into account the fact that Bitcoin mining as we know it will collapse very soon?
If that were true - which it is not - the large holders would subsidize it or the miners would change the rules.
What's wrong with Bitcoin mining?
What's wrong ? Maybe 34% coming from "unknown":
https://blockchain.info/pools4PHs appearing from thin air in february ?
Do you think these are technology loving anarcho-liberals who want to get rid of the evil govs ?
In a couple of years you, for example, will be looking like a sad little dwarf at them. Until then. $500 at most.
ASIC is the cancer.
Oh yeah , here we go again. Gpu mining for the people !!!!!
No. I never meant to elaborate on ethics and justice.
Just wanted to speculate about what is going on now and will be for a quite some time.
The dark side, "the infinite fiat whales", whoever-the-fuck they are, after $1000 spike understood what's going. And thanks to btc's asic prone PoW they are into conquering the money supply. Don't tell me you thought they are actually going to buy them from you for $10k ?
Until then. enjoy your $200 to $500 coins. They have plenty of time ...FUD season!
that floating deadline moving around each time we are getting close did lost its literal meaning and may be refered more as "sword of Damocles" that a dead line.
For a hodler, watching China FUDgasms is like being crucified on a procrustean bed of gordian knots cleft by the sword of damocles in the depths of the augean stables.
My name is Dunchy and I am a hodler.
I approve of this statement.
I told you few days ago, that bitstamp is going to be closed due to some illegal activities. That wasnt just a rumor;)
Please, enlighten us.
btc-e has indeed been run properly for years now as far as i can tell , heck i've traded there myself and never had a problem either , but as compared to exchanges in china (government doesn't fuck around) and exchanges in the u.s. (government doesn't fuck around) it would presumably be a lot easier for the btc-e exchange which is run out of croatia if i remember correctly (a not long ago war torn country) to simply disappear eventually whenever they get to X millions goal to run off with ... my rationale for trusting coinbase is that (presumably) the folks who invested 75M into it know who they gave their money to / have a few extra M to hire bounty hunters / assassins / would be able to call upon the u.s. law and financial enforcement agencies should they attempt to pull any funny business (same goes for the major chinese exchanges , as far as difficulty evading chinese law and financial agencies)
- btc-e is not run from Croatia
- Croatia was never torn by war
BTC-E uses Ceska Sporitelna bank, Czech part of the ERSTE bank group that sucks money from mostly eastern part of Europe. Account holder is Mayzus financial from London, that's behind OKPAY as well. The guys are supposedly Bulgarians, website was never fully and properly translated from Russian and support speaks extraterrestrial english. Legit bussiness.
BTC don't know how to act.
... so better pack...
I said: "You'd better call Tyrone!"..
and tell him come on help you get your shit!
https://www.youtube.com/watch?v=YY2-mrsXgMMBitcoin is dominated by speculators and not underlined by enough genuine commerce could be one criticism. Is that trend increasing or declining would be interesting to observe though, surely we have less speculators post gox then prior
10 mill views on this thread is kinda impressive
And yet it is the most incredible piece of 13k pages of pure useless, uninformative, double-cross, hidden agenda gibberish I've ever followed. Though I have to confess twice I made my strategy against the thread's sentiment at given time. Both times it was a good lucrative decision. So it is useful in a sense that, if you do exactly the opposite of what the current sentiment is, it pays off.