heinsenburr trying to compete with these niccas with his hard earned money.Ya gotta get rid of that loose fiat somehow.
Official CryptoCurrency Thread (Bitcoin, Litecoin, Ethereum & More)
- Thread starter irishfury
- Start date
heisenburrr
Have Fun Staying Poor
everyone knows the fed prints money. if they and other central banks can conspire and gang bang bitcoin and print money for the sole purpose of cornering it so that it doesn't take off.
so what if the price goes up... eventually the holders will have to sell. even if they don't, they can buy enough bitcoin to keep it underground and theirexpertsagents just keep on talking down on it in the media.
i have to come to the conclusion that fiat money at this piont is too big to fail. 2014 was the year of bitcoin and look... $379.
the lies worked. and they'll keep working. worked back in the 1900's at the creation of the federal reserve and even in 2014 the next big thing when it was the year of bitcoin.
the chinese didn't even just ignore it like the banksters. they out right and banned it
china never banned it. it's arguably the biggest Bitcoin market right now.
no, the holders do not have to sell eventually. and no they cannot buy enough bitcoins to keep it underground. A Bitcoin economy could run off 1 bitcoin.
2014 was not necessarily supposed to be the year of Bitcoin. I sure hoped it would've been but there are always a correction after a big bubble. We are currently at the bottom of this correction, or close.
There will be another bubble, much bigger than the previous ones
heisenburrr
Have Fun Staying Poor
Your Call, Jack Ma: Will Alibaba Accept Bitcoin?
It will now be interesting to see whether the company’s management will take the initiative to start accepting bitcoin. One of Alibaba’s major marketplaces, Taobao, previously allowed merchants to sell bitcoins, as well as computers chips that help “mine” the virtual currency.
But when the Chinese government implemented new regulations banning financial institutions in the country from handling the currency, the e-commerce giant complied.
Apart from Alibaba, the Baidu search engine – also known as the “Google of China” – started accepting bitcoin payments last October. Baidu opened payments in the virtual currency for its Jiasule service segment, which assists in improving the speed and performance of websites. However, it followed in Alibaba’s stead, banning the virtual currency.
It remains to be seen whether Alibaba will adopt this option amid increasing regulatory scrutiny from the Chinese government. Regulators, of course, have argued that bitcoin poses a major threat to China’s capital control systems and financial stability.
Bitcoin proponents suggest that the size of bitcoin space is not large enough to affect adversely China’s financial stability.
Keeping aside the risks associated with bitcoins, this could be the perfect time for Alibaba to incorporate this option for its users. Given the growing hype and enthusiasm of its IPO, it would not come as a surprise if Jack Ma goes ahead and announces that the e-commerce retailing company will now be accepting bitcoins for payments.
However, if Alibaba does go ahead and incorporate bitcoin on its platforms, it will be an interesting irony considering that the fall in bitcoin’s price today was because of investors pulling their funds out of their digital currency wallets in order to get a piece of Alibaba stock. The price of bitcoin on the BTC exchange fell by almost 11% to around $404.
http://www.bidnessetc.com/25963-your-call-jack-ma-will-alibaba-accept-bitcoin/2/
heisenburrr
Have Fun Staying Poor
of course it's a concern for China.
still, chinese exchanges are the ones with the most trading volume everyday.
reminder: you can never truly ban Bitcoin, there will always be an on-ramp
ill
Superstar
heisenburrr
Have Fun Staying Poor
ill
Superstar
1) That you've made less than $100 profit. In fact, by my calculations, you are in the hole for quite a bit right now. Hows that negative ROI treating you?
2) That Bitcoin is a vastly over-inflated bubble
3) That the technological adaptation of BTC is no where near where it needs to be to make any significant difference in the financial markets
4) That you're in denial. Please see the psychological chart I keep posting.
5) That you keep losing and I keep having ammo to make fun of you with.
6) That you're a blind pumper and people that followed your advice in the last few months have lost money
7) That I make great lists shytting on you
heisenburrr
Have Fun Staying Poor
ill
Superstar
i said intelligent
I would say its highly intelligent to not invest money in an asset that is on its way down. Whats your interpretation of the word? Keep buying at the highs and praying for better days
ill
Superstar
Serious question, why are you so adamant about buying up bit coins. At some point you have to realize that maybe you're wrong and you should wait it out and get in for a 50% discount.
heisenburrr
Have Fun Staying Poor
Because I don't believe I am wrong, no matter the price.
Yes I may have been wrong to jump in at the top in December. Sure, in hindsight I could've waited to get in.
Fact is, unless there are any changes to the fundamentals, I will keep buying, even if it goes down to 100$
Why? Because of risk & reward. Bitcoin is one of the rare binary outcome investment in the market today. I risk to lose 100% of my investement, but if I'm right, I stand to grow it by 1000%.
There are a number of fundamentals that explain the market's dynamics at the moment.
You see the price going down.
I see the number of daily transactions growing, the hashrate of the network growing exponentially (this means literally millions of dollars invested into mining gear), merchant adoption speeding up, ATMs popping all over the world, close to 200 millions in VC this year alone, established entrepreneurs and some of the smartest people in finance, technology, abandoning their career for new Bitcoin ventures.
I see governments around the world scared shytless of the potential of Bitcoin. Some outright banning it, others putting out glowing report about the consequences of this new technology.
No amount of bad news has justified the down trend we are in. It simply the market in action, shaking weak hands out of their coins while those who can see the bigger picture accumulate at lower prices.
The infrastructure continues to grow at a steady rate. Again, the price correction following a bubble is perfectly normal. 2 bubbles ago the price went from a high of 32$ to 1.50$. Should people have followed the advice you are giving me now and waited it out? In the grand scheme of things, does it matter if they bought at 32$, 15$ or 1$. Sure they may have gotten more bang for their bucks but considering the growth we have experienced, it makes little difference.
ill
Superstar
Wow, you are more delusional that I thought. All of those great points you make yet the PPS still goes down. In the real markets, thats a tell. You are being taken for all of your money and you are so far in denial that you can't see it.
"I will keep buying, even if it goes down to 100$". This is the epitome of your arrogance and stupidity. You are WILLINGLY buying a depreciating asset on the *hopes* that it will one day give you a 1000% return. Smack yourself breh. You need a reality check. You should really put all of your effort that you waste on a shyt product like BTC and use it on the real market. I think you would find way more success there.
And seriously, you should re-read all of your posts and open your eyes to how in denial you really are. "Because I don't believe I am wrong, no matter the price."
Price matters breh. A lot. If you can't see that, you should step aside until your head is less cloudy.
ill
Superstar
Theres a HUGE difference in believing in the technology behind the product versus the investment opportunities that that technology presents. Why are you advocating spending $1000 on a single BTC a few months back when you can get that same exact technology today for a 60% discount.