all the normies are coming on board now. prepare for blast off.
I feel sorrow for most of you. Most of you have never been rich with a lot of money. Sooner or later you'll inevitably be tempted to sell your bitcoins and buy something you think you need. Rich people will buy out your bitcoins. They will be rich again and you will end up having some useless glossy trash. And most important, you'll turn into bitcoin haters because you''ll never be allowed to buy back your bitcoins at the same price.
bro ur projecting hard af right now.
Yeah Searing are you sure that's a good plan telling everyone? I hodl 0.02 btc
I currently hodl about 5.97619544 btc and I sell about .07914337btc for every $100 price rise. I started with 8.32749365BTC. hahahahaha... life is good.
All these long posts for only 8 btc!!! Oh my god. I am happy you didn't have 100btc.
R.I.P to my friend Harry Li who lost his hard drive with 100 btc in 2013.
something that one can observe very often:
if stamp moves either up or down that move is also made by the other exchanges, be it huobi, okcoin, finex, whatever
but if lets say huobi starts a big move and stamp doesnt follow, then thats it. huobi backs off and comes back again.
so stamp is the one that has to "confirm" any movement in china, if that doesnt happen then the move fails.
edit: thats why its so interesting at the moment. lets see if china has to back off or they have the power to drag stamp higher.
not really, china always controls the price.
something that one can observe very often:
if stamp moves either up or down that move is also made by the other exchanges, be it huobi, okcoin, finex, whatever
but if lets say huobi starts a big move and stamp doesnt follow, then thats it. huobi backs off and comes back again.
so stamp is the one that has to "confirm" any movement in china, if that doesnt happen then the move fails.
edit: thats why its so interesting at the moment. lets see if china has to back off or they have the power to drag stamp higher.
not really, china always controls the price.
nope, china controlling the price and being the reason for the rally is just the message that's perfect for the media and noobs.
The majority of volume of trading and mining is in china and you are trying to tell me that they dont influence the price?
something that one can observe very often:
if stamp moves either up or down that move is also made by the other exchanges, be it huobi, okcoin, finex, whatever
but if lets say huobi starts a big move and stamp doesnt follow, then thats it. huobi backs off and comes back again.
so stamp is the one that has to "confirm" any movement in china, if that doesnt happen then the move fails.
edit: thats why its so interesting at the moment. lets see if china has to back off or they have the power to drag stamp higher.
not really, china always controls the price.
nope, china controlling the price and being the reason for the rally is just the message that's perfect for the media and noobs.
That majority of volume of trading and ming is in china and you are trying to tell me that they dont influence the price?
Miners are just selling to cover their costs thats all. Doesnt matter if its chinese miners, swedish miners or american miners. They all behave the same.
Trading volume in china is known to be fake, mostly exchange-bots.
Its just a nice story that everyone likes to believe and media likes to sell newbies.
whatever u say bud
Most people who book profit too early in a bubble end up being tempted to buy back in as they watch incredulously at a seemingly impossible rise. Even the great Newton wasn't immune to this.
There must have been people who sold at $140 at the start of the 2013 rally because the price had quickly doubled up from $70. Afterwards the best chance of buying back in they would get is at about $200 over a year later.
I don't want to talk about how many I sold at $3 because the price had tripled. I was going to be making huge profits on my GPU mining at $1, so there was no way $3 was sustainable.
Sold my entire GPU mining stash at around $11 in 2011. I needed a new snowboard back then.
Still have that old board in my bag, I've upgraded since, it's the one I let my friends ride rather than them having to hire a board. I tell them it's worth over $100K AUD now.
i know the feels man.. I spent the 10~ coins I had back when I mined them aswell. Atleast I had .62 leftover for the first ath
8is like the luckiest number in Chinese culture.
I made 200%+ on a leveraged short.
I made 200%+ on a leveraged short.
... maybe you bought ... like I did when it was somewhere under 200$ and that would make me 600% ... but... on this singular trade u couldn't make more than 17-18% swinging with u'r full
BTCiTcoin account weight!
http://i.imgur.com/6OM6Qb9.jpgMaybe you should do some research on trading futures.
Maybe you should do some research on trading futures.
Ah... sry.. didn't read the
"leveraged" part.
But I think u'r one of those r-Tards that gamble away their future!
I don't like people like you! ... I just play it safe with simple trades.
*edit: And its because people like you sometimes the world crashes in crumbles and burns! 
http://i.imgur.com/PCfb2I0.jpgTrust me, I know a bit about gambling and bank roll management. I play poker professionally.
aww sheeet the Fibonacci sequence is extending with reverse momentum my nig....
this is not what fibonacci had intended...
get ready for a Fibonacci retracement reversal at 42% my nigs.
what is a bit and how do I get the coin?
localbitcoins.com or coinbase.com
Godspeed, things are going to get crazy
a bit (binary digit) is the smallest piece of data on a computer - 8 bits to a byte, 1000 bytes to a kilobyte, 1000 kb to a megabyte etc etc etc
a bitcoin is data used as a currency
a bitcoin is divisible by 100 million
0.00000001 of a bitcoin is commonly called a satoshi
currently 12 US cents would by you 10000 satoshi's or 0.00010000 of a bitcoin
hope my math is right and this helps you, apologies if you already new this
but I went to this website and it says im downloading 10000 bits a second and if thats true where are those 10000 bits of satoshis going to? how do i check my wallet to see how much i have?
Gold people coming out of the woodwork against bitcoin heh:
http://i.imgur.com/uo87xY4.png Both Rickards and Schiff are actually correct, they just don't know why and don't know enough about bitcoin to articulate it, but this is why
The fact is, bitcoin does NOT function as a store of value, period. The way bitcoin is designed pigeonholes it into acting as a settlement layer, and what is the #1 attribute needed for being a settlement layer? ...being a store of value. This makes it kind of inherently designed to fail at what it's supposed to do because bitcoin does not exist in a vacuum, it has to compete against the noble metals. The noble metals are orders of magnitude better in anti-fragility, store of value, and even decentralization than bitcoin is.
As I said before:
A settlement layer has to compete with or beat gold as a store of value. Bitcoin cannot accomplish that task so it has to do something else besides being a settlement layer or there is no point!
This means bitcoin's value has to be floated by raw transaction flow instead of people hoarding it for no reason as a store of value. It is my estimate that you would need something like 5000 TPS in order for bitcoin to function as a raw transaction handler instead of a store of value. And the following post explains why bitcoin isn't a store of value in the first place:
https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-vol-7-bitcoin-is-not-an-actual-store-of-value-because-there-is-no-real-price-floor-or-inelastic-demand*Disclaimer: I am not bearish on the price of bitcoin in the short term, just that once it's market cap has topped out, everyone is going to convert the profits straight to the base of Exter's pyramid (gold and silver) due to being more anti-fragile and a better store of value.
Hey lmk when ur going to exter's pyramid again. Id love to meet up with u and have a chat there as I need to pick up some gold and silver myself!
