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Thread: Bitcoin at all time high

  1. #441
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    Quote Originally Posted by Hockey Guy View Post
    Quote Originally Posted by cmoney View Post


    Sorry bud had to stop there. We are too far apart
    It's no different than gold? Really?

    I guess that stuff in my safety deposit box doesn't really exist. Who knew?
    You guys jump on one part of what he says, but it isn't that different from gold. I mean Hockey Guy is talking about his gold that someone else keeps possession of.... How do you even know you'll be able to get your precious gold if something exceptional happened ? Just like if the internet disappeared -> BTC disappears.. your gold can disappear. It has happened. Don't be so naive.

    What is so amusing to me is no one considers history and how currencies started out. They just say "oh volatility" then it justifies whatever view they originally had. I don't know anything about history when paper currencies were introduced, but I imagine people had WIDE variations in prices. Especially when currencies did not transition from a precious metal standard. I'd say look at Russia during Glasnost etc.... Why BTC should be a smooth transition to a valid currency is beyond me.

    I see some clowns in here are like "Oh so if no one wanted to buy your bitcoin, then they'd be worth 0? thats magnificant!" Not realizing that this same thing can happen with any fiat currency. There is no guarantee that in a SHTF scenario (LOL) that anyone will want your paper currency.

    I started out using the original bitcoin wallet. I once "exported" the wallet, which I thought was copy of the crypto keys needed to access the BTC. I later look at the .csv file and see it was nothing but recipient addresses I generated. WTF !? So now I have a crashed laptop that is worth about $1200 and I have to do data recovery if I want the BTC. So yea, BTC have problems. This volatility is fun to watch but sucks for guys like Micon, because who wants to buyin at a poker site when they feel the gaming chips are ready to be deflated 50%.

  2. #442
    Plutonium sonatine's Avatar
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    Quote Originally Posted by donkdowndonedied View Post
    Quote Originally Posted by Hockey Guy View Post

    It's no different than gold? Really?

    I guess that stuff in my safety deposit box doesn't really exist. Who knew?
    You guys jump on one part of what he says, but it isn't that different from gold. I mean Hockey Guy is talking about his gold that someone else keeps possession of.... How do you even know you'll be able to get your precious gold if something exceptional happened ? Just like if the internet disappeared -> BTC disappears.. your gold can disappear. It has happened. Don't be so naive.

    What is so amusing to me is no one considers history and how currencies started out. They just say "oh volatility" then it justifies whatever view they originally had. I don't know anything about history when paper currencies were introduced, but I imagine people had WIDE variations in prices. Especially when currencies did not transition from a precious metal standard. I'd say look at Russia during Glasnost etc.... Why BTC should be a smooth transition to a valid currency is beyond me.

    I see some clowns in here are like "Oh so if no one wanted to buy your bitcoin, then they'd be worth 0? thats magnificant!" Not realizing that this same thing can happen with any fiat currency. There is no guarantee that in a SHTF scenario (LOL) that anyone will want your paper currency.

    I started out using the original bitcoin wallet. I once "exported" the wallet, which I thought was copy of the crypto keys needed to access the BTC. I later look at the .csv file and see it was nothing but recipient addresses I generated. WTF !? So now I have a crashed laptop that is worth about $1200 and I have to do data recovery if I want the BTC. So yea, BTC have problems. This volatility is fun to watch but sucks for guys like Micon, because who wants to buyin at a poker site when they feel the gaming chips are ready to be deflated 50%.
    Go tend your crops you fucking hayseed.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  3. #443
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    Now the meat of Sonatines brilliant post and my even superior retort have been deleted/edited. How lame. If you are going to edit posts, then delete all the troll shit that has no added benefit.

    I'd swear Druff tries to keep this place as scrubby as possible just so he can look smart somewhere...

  4. #444
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    Quote Originally Posted by sonatine View Post
    omg its crashing soooooo fast...

    just like to take this opportunity to brag that china and i got out at the absolute tippy top.

  5. #445
    Gold rickastley's Avatar
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    FREE THE PENIS CUP CAKES!!!

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    Quote Originally Posted by chinamaniac View Post
    While we are at it ill fess up too. I bought 200 of these @ $18 a pop. Sold today for $45k

    Will be playing main event this year.
    Never bought any BTC, and I mildly regret that today.

    I was, however, gifted some (3) by a kind benefactor; I fucked around a bit and ran them up to 40BTC. Been sitting on these BTC for the last few months; kept most (34.51000000000BTC) at MtGox, and the other 5 split at Anonibet and SWC.

    Today seemed like a good day to sell a few. A previously agreed upon selling price had been surpassed, so I put the order in @MtGox to sell 20BTC at current value sometime before noon, and signed off the internet. I was aware of the plummeting pricing throughout the day, as well as the recovery, but I couldn't sign into my account through my phone to find out if my coins sold. I figured that they hadn't, truly, and that I was SOL.

    Got home around 6PM, and signed into my acct.



    The coins had sold, seemingly on the way down, which makes little sense to me ATM but whatev.

    Near 5K headshot.

  7. #447
    Diamond chinamaniac's Avatar
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    Quote Originally Posted by chinamaniac View Post
    Quote Originally Posted by mackerdoodle jones View Post


    and we are selling today. literally the easiest Hawaiian vacation that ive done absolutely nothing to pay for.
    While we are at it ill fess up too. I bought 200 of these @ $18 a pop. Sold today for $45k

    Will be playing main event this year.
    Oh I forgot



    But still playing the main

  8. #448
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    Quote Originally Posted by chinamaniac View Post
    Quote Originally Posted by chinamaniac View Post
    While we are at it ill fess up too. I bought 200 of these @ $18 a pop. Sold today for $45k

    Will be playing main event this year.
    Oh I forgot



    But still playing the main
    I'll take 10% of your action for 2.8 BTC!

  9. #449
    Platinum RichardBrodiesCombover.'s Avatar
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    Quote Originally Posted by chinamaniac View Post
    Quote Originally Posted by chinamaniac View Post
    While we are at it ill fess up too. I bought 200 of these @ $18 a pop. Sold today for $45k

    Will be playing main event this year.
    Oh I forgot



    But still playing the main

    Will Marty be railing you this year?

  10. #450
    Owner Dan Druff's Avatar
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    Quote Originally Posted by donkdowndonedied View Post
    Now the meat of Sonatines brilliant post and my even superior retort have been deleted/edited. How lame. If you are going to edit posts, then delete all the troll shit that has no added benefit.

    I'd swear Druff tries to keep this place as scrubby as possible just so he can look smart somewhere...


    http://pokerfraudalert.com/forum/sho...es-Please-Read

    I will try to be mostly "hands off" with moderating those forums (especially The Bathroom Wall), but I don't want to see any of the following:

    1) Pornography or "shock pictures"
    Sonatine's picture wow of a naked guy jumping around with his penis flopping.

    That was removed, and it was impossible to keep your "witty" retort in place with the picture gone (as it would make no sense), so I removed that, as well.

    I have never allowed porn/shock pictures here. That was one of my main rules from Day 1, because I want people to be able to browse this site from work, at home when kids are around, etc. Many people told me over the years that they liked NWP/DD but barely got a chance to read it because "someone else is always around looking over my shoulder, and I'm afraid of what might pop up". I wanted this forum to be different in that respect.

    I have relaxed the rule a bit if people put it in spoiler tags and make it clear what people will be getting when they click, but other than that, I remove any pornography/naked pics/shock pics/etc.

    It doesn't matter if the post comes from sonatine or the worst poster on the internet, I still treat those the same way.

  11. #451
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    Quote Originally Posted by chinamaniac View Post
    Quote Originally Posted by chinamaniac View Post
    While we are at it ill fess up too. I bought 200 of these @ $18 a pop. Sold today for $45k

    Will be playing main event this year.
    Oh I forgot



    But still playing the main

    rofl. too bad. i was rooting for you. but hey you will probably get the chance to do that for real. all it will take is one or two big investors selling off at about the same time as a solid ddos attack, and $18 will be in sight. hmmm. wait a sec....be right back.

  12. #452
    Platinum Deal's Avatar
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    Quote Originally Posted by Dan Druff View Post


    http://pokerfraudalert.com/forum/sho...es-Please-Read

    I will try to be mostly "hands off" with moderating those forums (especially The Bathroom Wall), but I don't want to see any of the following:

    1) Pornography or "shock pictures"
    Sonatine's picture wow of a naked guy jumping around with his penis flopping.

    That was removed, and it was impossible to keep your "witty" retort in place with the picture gone (as it would make no sense), so I removed that, as well.

    I have never allowed porn/shock pictures here. That was one of my main rules from Day 1, because I want people to be able to browse this site from work, at home when kids are around, etc. Many people told me over the years that they liked NWP/DD but barely got a chance to read it because "someone else is always around looking over my shoulder, and I'm afraid of what might pop up". I wanted this forum to be different in that respect.

    I have relaxed the rule a bit if people put it in spoiler tags and make it clear what people will be getting when they click, but other than that, I remove any pornography/naked pics/shock pics/etc.

    It doesn't matter if the post comes from sonatine or the worst poster on the internet, I still treat those the same way.
    It was pretty funny, too bad you didn't just add in the spoiler tags instead of being a buzz kill
    Quote Originally Posted by Jasep View Post
    I have always tried to carry myself with a high level of integrity in the poker community and I take it very personally when someone calls that in to question.

  13. #453
    Owner Dan Druff's Avatar
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    Anyway, getting back on topic, BTC is now $173, and has been holding around that spot for the afternoon.

    Whole thing strikes me as kind of odd, perhaps even some sort of market manipulation.

    There are many ways to manipulate the MtGox market, and any organized attempt to do so could be highly successful and profitable. There's a lot of money in pulling this off, so it's not too far fetched to believe.

  14. #454
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    Quote Originally Posted by Dan Druff View Post
    Anyway, getting back on topic, BTC is now $173, and has been holding around that spot for the afternoon.

    Whole thing strikes me as kind of odd, perhaps even some sort of market manipulation.

    There are many ways to manipulate the MtGox market, and any organized attempt to do so could be highly successful and profitable. There's a lot of money in pulling this off, so it's not too far fetched to believe.

    whats your paypal limit and check pms

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    kidding aside, assuming someone could even prove bitcoin market manipulation, what legal exposure could the manipulator face for tweaking an unregulated crypto-currency? could criminal charges be brought against the guilty party? is there even civil liability? maybe fraud? I've put about five seconds worth of thought into this, and im leaning towards none of the above.

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    Plutonium sonatine's Avatar
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    Quote Originally Posted by Dan Druff View Post


    http://pokerfraudalert.com/forum/sho...es-Please-Read

    I will try to be mostly "hands off" with moderating those forums (especially The Bathroom Wall), but I don't want to see any of the following:

    1) Pornography or "shock pictures"
    Sonatine's picture wow of a naked guy jumping around with his penis flopping.

    That was removed, and it was impossible to keep your "witty" retort in place with the picture gone (as it would make no sense), so I removed that, as well.

    I have never allowed porn/shock pictures here. That was one of my main rules from Day 1, because I want people to be able to browse this site from work, at home when kids are around, etc. Many people told me over the years that they liked NWP/DD but barely got a chance to read it because "someone else is always around looking over my shoulder, and I'm afraid of what might pop up". I wanted this forum to be different in that respect.

    I have relaxed the rule a bit if people put it in spoiler tags and make it clear what people will be getting when they click, but other than that, I remove any pornography/naked pics/shock pics/etc.

    It doesn't matter if the post comes from sonatine or the worst poster on the internet, I still treat those the same way.

    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  17. #457
    Owner Dan Druff's Avatar
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    Quote Originally Posted by mackerdoodle jones View Post
    kidding aside, assuming someone could even prove bitcoin market manipulation, what legal exposure could the manipulator face for tweaking an unregulated crypto-currency? could criminal charges be brought against the guilty party? is there even civil liability? maybe fraud? I've put about five seconds worth of thought into this, and im leaning towards none of the above.
    Agree

  18. #458
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    Quote Originally Posted by Dan Druff View Post


    http://pokerfraudalert.com/forum/sho...es-Please-Read

    I will try to be mostly "hands off" with moderating those forums (especially The Bathroom Wall), but I don't want to see any of the following:

    1) Pornography or "shock pictures"
    Sonatine's picture wow of a naked guy jumping around with his penis flopping.

    That was removed, and it was impossible to keep your "witty" retort in place with the picture gone (as it would make no sense), so I removed that, as well.

    I have never allowed porn/shock pictures here. That was one of my main rules from Day 1, because I want people to be able to browse this site from work, at home when kids are around, etc. Many people told me over the years that they liked NWP/DD but barely got a chance to read it because "someone else is always around looking over my shoulder, and I'm afraid of what might pop up". I wanted this forum to be different in that respect.

    I have relaxed the rule a bit if people put it in spoiler tags and make it clear what people will be getting when they click, but other than that, I remove any pornography/naked pics/shock pics/etc.

    It doesn't matter if the post comes from sonatine or the worst poster on the internet, I still treat those the same way.
    I am mainly pissed because you did something else like this recently. Sonatine started trolling me, then you use poor selective editing to make a new thread void of the original context. I have no use for selective editing like that. Just delete it, because otherwise you change things by removing context whether intentional or not. _THAT_ pisses me off. You have no interest in it, so don't try some completely half-assed editing attempt. Just delete the annoying troll posts.

    What do you really want this site to be ? If you want it to be taken seriously, then clamp down on the trolls hard and don't just pay the idea lip-service.

    I guess that picture was bad cuz my junk was shown for a brief second, but in reality it was pretty much a laughable picture of me kicking tine ass. It was not anywhere near offensive as the black cock bombings. I believe it was meant to be silly and barely offensive.

    I mean.. fuck, i was flaccid.

  19. #459
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    Quote Originally Posted by sonatine View Post
    Quote Originally Posted by Dan Druff View Post


    http://pokerfraudalert.com/forum/sho...es-Please-Read



    Sonatine's picture wow of a naked guy jumping around with his penis flopping.

    That was removed, and it was impossible to keep your "witty" retort in place with the picture gone (as it would make no sense), so I removed that, as well.

    I have never allowed porn/shock pictures here. That was one of my main rules from Day 1, because I want people to be able to browse this site from work, at home when kids are around, etc. Many people told me over the years that they liked NWP/DD but barely got a chance to read it because "someone else is always around looking over my shoulder, and I'm afraid of what might pop up". I wanted this forum to be different in that respect.

    I have relaxed the rule a bit if people put it in spoiler tags and make it clear what people will be getting when they click, but other than that, I remove any pornography/naked pics/shock pics/etc.

    It doesn't matter if the post comes from sonatine or the worst poster on the internet, I still treat those the same way.

    ^^^^ See this picture is PRICKly... Yet you don't delete it. Maybe I don't want my kid seeing PRICKly stuff in pictures.

  20. #460
    PFA Emeritus Crowe Diddly's Avatar
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    Quote Originally Posted by Dan Druff View Post
    Anyway, getting back on topic, BTC is now $173, and has been holding around that spot for the afternoon.

    Whole thing strikes me as kind of odd, perhaps even some sort of market manipulation.

    There are many ways to manipulate the MtGox market, and any organized attempt to do so could be highly successful and profitable. There's a lot of money in pulling this off, so it's not too far fetched to believe.
    One theory holds that people ddos Gox and other bitcoin market targets for a while, so people can't log in to their accounts or check markets or just get error after error, they see shit's not right, wait for the panicked sell-off, and buy up at cheaper prices. Price rebounds, coins sold off, rinse, repeat.

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