i liked it when we called them shitcoins. not because i have anything against the currency, I enjoy bitcoins very much, I just think its a funny moniker.
Shitcoins.
i liked it when we called them shitcoins. not because i have anything against the currency, I enjoy bitcoins very much, I just think its a funny moniker.
Shitcoins.
Shitcoins was/is used to refer to the numerous alt-currencies like the one I told yall to invest in... it was a grand scam.. I don't keep up with that one anymore, too many warning signs of it being a not legitimate project ... but boy what a hustle it was. Was very easy to make money with that one. I told everyone to get in BTC if it hit $50, sell the house at $20... I think it hit $55, so my suggestion was too conservative to be of value.Originally Posted by Crowe Diddly
Lots of dreamers in this world, myself included. This comp-sci area of distributed and open ledgers has a lot of utility, from voting, to value exchange, to a lot of interesting applications. It sort of transcends what people expect from software. Some projects are legitimate and the rest are shitcoins.
BTC is the grandfather of them all and has the most trust. Technically speaking it sucks, but people aren't here for the technicals. They want to trust in something. I will be some time before it is ever overtaken as an exchange of value that is also decentralized. So it was a pretty fucking safe bet if you get it. $6 billion market cap is nothing in the scheme of the world. I've quit selling BTC for some time, demanding payment back in BTC.
I'd love to pick through the sage's advice on here and quote em with some laughing guy pic.
The thing is, even if it does fail, if you'd ever bought when I was pumping it at $50-$200 ... you can easily realize a profit in fiat and be well well ahead of almost any other investment.
Don't hate because for some freakish reason Micon had the sense to get into BTC way back in the day.
Honestly, it is a bit of an embarrassment because I thought it was a stupid idea at first too. Then it started to make sense. I think I was like "Micon is a known idiot. How can this be a legitimate thing?"
Yall realize that it is the ultimate currency for drug dealing? No, not even dark markets. You could sell drugs locally on CL with BTC utilizing dead drops and completely eliminate a huge amount of risk. I have no interest in doing such a thing because I have plenty of opportunities having job skills etc, but thats out there in the wild. It allows all sorts of anti-government acts. Now some of you guys might be lovers of big government, but I'm not. The technology goes from decentralized store of value to prediction markets/AI markets/smart contract stuff. There are many applications we'll see when it settles down and those blockchains of real utility stick around.
As far as BTC the real question is when and where will it end / die off due to censorship/laws ? lol. No clue ... but it isn't anytime soon.
And there yall go for a real education.
Welcome to the thread, you must be very, very, very, *very* new here.
"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
lol seems legit
"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
FTFY.
PFA Rookie of the Year Awards
2012: The Templar (unknown)
2013: Jasep $5000+
2015: Micon's gofundme legal defense $3k begging for 100k:
2018: 4Dragons
2019: Dutch Boyd: Mike Postle
2020: Covid19
2021: SMIFlorida and some sort of shit coins for $50k
2023: 22nd Feb 4th Dec Youtube channels removed
2024: Dustin Morgan wins Chrissy's $1000 contest: May 3rd another channel gone.
2025 Chrissy loses his FB page in mid January.
Happy New Years!
lol seems legit
So what exactly is your point of concern?
Please articulate because I know you are blessed in such abilities.
Thank you.
Has this correlation been decoupled? You inferred back then it was a move to safety, lol. Your post was just another attempt at clever phrasing imo. I choose to think it was just a switch to a funner gamble. Whatever, same outcome.
Chinese closed equity markets early after a 7% loss. Great stuff. Next session should be sweet.
Bitcoin needs a fresh reason to live. Kinda interesting what next move might be, or no move at all.
first thing i did after i read about the 7% implosion and trade halt was check BTC prices and low and behold, nice smooth organic rise.
wonder when the sharps are going to dump tho.
"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
What organic rise you looking at Willis? Chinese market closed this morning and BTC are dead flat.
Surprising to me are the talking heads cautioning against bargain shopping US equities cause China needs to finish.
Your normal reaction is to fade the media and the dumb money NY investment banks. Fight the urge, And go with the flow
Glorious times.
Bitcoin stabilizing
Remember how I was saying that certain wealthy Chinese probably were concerned about getting pinched by the authorities due to the anti-corruption campaign in China? Check this out:
A Chinese Billionaire Has Gone Missing, And He's Hardly The First
http://www.huffingtonpost.com/2016/0...n_8940146.html
The billionaire founder of a famous Chinese clothing company has disappeared amid an anti-corruption campaign in the country.
Zhou Chengjian has been missing since at least Thursday, when clothing company Metersbonwe issued a statement saying it would temporarily stop shares on the Shenzhen Stock Exchange while searching for the company's chairman, according to Business Insider. Also missing is the company's secretary of the board, Tu Ke.
Chengjian joins a growing list of top executives in China who are either currently missing or have gone missing in the past. From January to September of last year, at least 34 companies in China reported that senior executives had seemingly disappeared, Bloomberg reported.
The disappearances have come as the Chinese Communist Party continues its anti-corruption push, according to CNBC. Just last month, billionaire Guo Guangchang went missing for several days before it was discovered he was helping government authorities in an unspecified investigation, according to The Telegraph.
In Metersbonwe's statement, the company said it was looking into reports that Chengjian was picked up by police.
Media reports in the country linking the continued disappearances of executives to the government's anti-corruption campaign remain unconfirmed, according to the BBC.
_____________________________________________
The coin moved a bit the past day and is now down to $407.
When are we going to edit the title to "Bitcoins officially donkdown, turns into sonatine officially donkdown on page 114."
Just touched 400
I wonder if it is going to bounce back like it often does when it hits a milestone # like that.
Bitcoin is forked.
New York Times & Fortune each posted articles within past 12 hours. Kind of a cool read. Never really understood the debate before.Mike Hearn, devoted long-time Bitcoin enthusiast who eventually quit a job at Google to work on Bitcoin’s technology full-time, wrote a long blog post on Medium on Wednesday outline why he’s lost faith in it.
Both NYT & Fortune link to the guy's exit blog.
Coincidentally, China's Shanghai composite has some cool volatility which should appeal to Chinese gamblers. (down 3% right now). There may be funner gambles for them now.
Remember, Bitcoin trading is a Chinese thing. Bitstamp is the tail being wagged.
Last edited by Sanlmar; 01-15-2016 at 01:54 AM.
Here is more about the Hearn situation holy fuck is all I can say
http://www.engadget.com/2016/01/15/m...quits-bitcoin/
I've been a BTC devotee for 3 years. Our drony friend is more or less how I ended up here.
There has always been a consistent sky-is-falling wishful schadenfreude from media and critics over the years but this story truly shakes my confidence. A cabal of 3 petty tyrants controlling the source code and the majority of hashing power concentrated into one entity is pretty much the dire opposite of Bitcoin's founding vision.
Fuck.
Honestly, this wasn't how I expected it all to crash down, but it also isn't that surprising if you think about it.
I see that there are still some believers keeping it held in the 390 range, but another crash is likely at this point. And this next crash could possibly be the big one.
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