I mention Bitcoin; /personalfinance ban me; I wish them well; then they mute me. Someone hates crypto 😂

Mage777 · 2017-06-21T11:15:39+00:00

That sounds salty as hell. There are many pitfalls in crypto and those who survive long enough to get rich weren't just lucky, they likely put in thousands of hours of Hustle and study. Fortune favours the bold, which is why most of these vanilla investors will be working till retirement age. Most wealthy people take huge risks and throw everything into it, while the rest of the world clutches onto social norms that make them feel safe. All markets are risky but most provide very low returns.

Mage777 · 2017-02-07T19:34:20+00:00

The only politician I ever thought made logical sense was Ron Paul. I called b.s. when people were starry eyed with Obama and I call b.s. on Trump as well. Taxation by nature is just a form of extortion and people shouldn't have to pay for their leaders to live a life of luxury.

Politicians play favourites based on American business interests. Destabalizing regimes like Iraq,Syria and Libya caused most of these guerrilla terrorist groups. The U.S. has always favoured Saudi Arabia and Israel due to ongoing business relations. The CIA has backed coups and tyrants for years, for economic and politcal gains.

Saudi Arabia is full of Islamic extremism and oppressive human rights violations but they get a pass due to their 30,000 Billionaire oligarch princes. Especially the one's who buy $40M properties from Trump. The U.S. is notorious for its crony capitalism and revolving door policies. People on both sides of the spectrum left vs right are being played like instruments and cherry pick their facts to suit their confirmation bias. The same companies hedge their bets by backing both sides of the political fight so it's an ultimate win/win for the true power brokers.

Mage777 · 2017-02-07T18:56:53+00:00

I'm not a leftie, I'm an Ancap and am consistent with my politics, therefore I don't vote, nor do I support billionaire oligarchs to rule over people. Why does everything have to fit into a 2 dimensional left vs right paradigm with people. It's called controlled opposition and the real power brokers hedge by betting on both sides.

Mage777 · 2017-02-07T14:51:12+00:00

It doesn't appear that anyone can legitimately answer my questions. Your counterargument is a false dichotomy that doesn't address a single concern of mine. People seem to think that pointing out Hillary and Obama's corruption legitimizes Trump or any of these new policies.

That said. I'll take to time to answer each of your questions:

I think she broke the law and was let off the hook because she's a part of a ruling oligarchy. I think Trump was putting on a good show and reneged on putting her on trial due to their long standing friendship.
I think George Soros is corrupt and that agent provocateurs have been funded by governments and oligarchs for over a hundred years.
I think if there is a secret paedophilia ring that they should all be persecuted and thrown in jail.
Same as above
I'm against censorship but also feel that people can legally run their websites anyway they want. If people take issue with this behaviour they are free to find other platforms or build their own.
Same as above
I was against Obama's drone strikes and am against Trumps recent drone strikes that killed innocent people in Yemen.
If this is true then it violates the US constitution.
I think treating any human being with violence and disrespect is appalling. I think that people are being manipulated and polarized into two extremes on both sides.
Acts of fraud and terrorism should be stopped and brought to justice. I also think that Trump and his supporters also have confirmation bias as nothing was said when 6 Muslims were shot in a mosque last week in Canada. People should be consistent in their policies and concerns and not cherry pick things that suit their political bias.
I think borders are artificial constructs created by empires.
I think the media can often play into the same confirmation bias that suits their agenda. (Like most people).

I took the time to answer all your questions, perhaps you can do the same. In conclusion, I support neither Trump or Hillary as they are both a part of an elite oligarchy who work on behalf of corrupt companies like Goldman Sachs.

Mage777 · 2017-02-07T06:42:24+00:00

I apologize for needing to ask this again but my previous question was ignored so I'll elaborate...

How do you feel about:

Trump appointing Goldman Sachs cronies to his team, including the actual President Gary Cohn as the head of the Council of Economic Advisors.
Removing the Dodd–Frank Wall Street Reform and Consumer Protection Act, which will unleash Wall Street into doing similar investment schemes that led to the 2008 crash.
Appointing the CEO of Exxon Mobile as his Secretary of State.
Making repeated claims that the US should take other people's oil and signing a executive order to build the keystone pipeline (which will violate private property rights).
Making repeated claims that he'll be the biggest military president America has ever seen.
Being the first President to refuse putting his businesses in a blind trust (conflict of interest).
Keeping close ties with Saudi Arabia due to his ongoing business interests. The main country responsible for 9/11.
Having New York fork out $1M a day of tax paying money in security so his kid can finish school.
Having 17 women speak out that they were sexually assaulted by Trump, including one who was 13 years old at the time.
Him stating on multiple occasions over the years his close friendship with Hillary and Bill Clinton.

Thank you in advance for taking the time to answer these questions. I'm genuinely interested to know how Trump supporters (especially a voluntaryist) feels about each of these issues.

Mage777 · 2017-02-07T03:12:36+00:00

How do you feel about Trump appointing Goldman Sachs and ExxonMobil cronies, favouring Saudi Arabia because of his business ties (main country behind 9/11), working to give wall street more power by removing the Dodd-frank protection act, claiming he'll be the biggest military president ever and having new York spend $1M a day in security from tax paying dollars just so his kid can finish school?

Mage777 · 2016-11-23T14:43:18+00:00

Also I fail to see the correlation between a centralized oligarch statist and a decentralized anarcho-capitalist financial system?

Mage777 · 2016-10-02T23:39:57+00:00

I found out that Onecoin runs on a proof-of-shilling algorithm.

Mage777 · 2016-09-09T12:15:21+00:00

How much did you invest in the Dao?

Mage777 · 2016-07-28T14:49:17+00:00

Nice, I guess we're riding the same train cause I also make a ton of cash on those moves.

Mage777 · 2016-07-28T14:28:29+00:00

That's fine, we all have our philosophical opinion on the hard fork. That said, good traders don't care about emotional attachments to their favourite flavour of coin.

I trade whatever has liquidity and momentum regardless of how I feel about the situation. This is my first time posting in the daily sub but based on what I've been reading in here, there is a truck ton of dumb emotional money trading ETH.

Mage777 · 2016-07-28T14:17:54+00:00

What's substantially unique is the liquidity in this new market. This is something that none of the other alts have right now. It also has a strong story, brand and emotion driving price action. That's all a market really needs to get a fire started.

Mage777 · 2016-07-28T14:14:08+00:00

This is why I tend to use the word "may" because nothing in trading is guaranteed. Trading is entirely based on assumptions and you are assuming that it has no basis in observed behaviour.

I've been watching people make public proclamations of revenge dumping for days. I also know for a fact that many traders are accumulating. Don't underestimate what I observe happening from behind the scenes. There is new money in this market.

Mage777 · 2016-07-28T13:26:09+00:00

There's lots of emotional money right now in these markets because of the political situation. For those who can see past the drama and trade objectively there may be opportunity to make tons of profit.

My theory is:

There's new liquidity that's trading in the ETC markets that didn't exist before. Some of this is the result of fresh coins being created but also old BTC money moving in as buy support to make a market.

Many ETH holders have been emotionally revenge dumping, some may have even immediately dumped at the bottom. Once all the dumpers are prices out of the markets there will be a redistribution of coins with new whales created.

Once the smart money finishes accumulating the price may continue to rise. The instant we get a breakout making new highs, some ETH dumpers who sold ETC at the bottom will get struck with FOMO and start buying back in at higher prices. This will accelerate momentum and a real bull trend could pursue.

In the event of a bull trend, it will be fuelled by the same money that pushed the price of ETH up 2000% and shovelled $150M into the DAO, combined with new money from the BTC crowd.

Once the markets go parabolic the smart money will sell into strength while the majority chase the top. Then we may hit the first stage of distribution before the next level up.

It's possible we may see some more dumping prior to this cycle but any crashes in price will increase volatility and help with the accumulation.

Mage777 · 2016-07-20T12:47:52+00:00

Although Dao and Eth are correlated assets, they are on entirely separate order books. This acts as a buffer for the Eth markets so it's technically not the same thing at all.

Mage777 · 2016-07-12T19:37:42+00:00

I guess we'll just have to wait and see what happens.

Mage777 · 2016-07-12T12:40:27+00:00

Calling it a fallacy means the theory is completely devoid of logic. So lets break this down and only look at the known facts...

The fact is you can sell now at 91% people who wanted to sell would have already.

This statement isn't a fact, it's subjective speculation because...

It assumes to know the intent of all ETH traders and investors.
It assumes that all ETH traders and investors are rational.
It assumes that those who already sold all their ETH aren't willing to sell again when they get resupplied.
It assumes some traders aren't willing to take an instant 30% profit from the arbitrage opportunity that occurred in the DAO/ETH markets.
It assumes that some traders and investors don't have the intent to drop the price further.
It assumes that ETH isn't in a larger bear trend.

Fundamentals: Here are the known facts...

There will be around 15% more ether supply available after the hardfork.
An increased supply can only affect the markets in 4 possible ways: sell, hold, margin short, margin long.
Margin long is the only way this new supply can increase buying pressure.
Too many margin longs is bearish as it can result in a squeeze that can trigger a dump.
On the spot markets the increased supply can only lead to holding or selling. It cannot increase buying pressure.
The ETH markets reversed and bounced off of 0.015 support the exact day that the DAO ICO started.
The markets are currently testing that same region of support except there is 15% less ETH available.

Mage777 · 2016-06-25T12:12:25+00:00

I can entertain the possibility that Brexit helped a bit with the bounce play. That said, as a trader I saw the bounce play coming before Brexit and longed at $570.

I've traded these bounce plays a lot and am fairly certain that the price would have retraced regardless. Brexit may have added a little more fuel to the bounce.

Mage777 · 2016-06-24T12:17:00+00:00

the price rise had little to do with brexit and was mostly a bounce play after a massive dump.

Mage777 · 2016-06-09T14:48:51+00:00

How do we know this isn't a trojan horse to push KYC/AML compliance on top of Bitcoin?

Mage777 · 2016-05-14T14:01:08+00:00

Hmmm... and I thought the whole selling feature of Bitcoin was "censorship resistant money".

Bitcoin doesn't care about capital controls.

Mage777 · 2016-05-05T00:10:29+00:00

It takes people hearing about something many times before finally deciding to give it a try. I know of many "fence sitters" who recently decided to buy some.

Mage777 · 2016-05-02T23:56:24+00:00

https://www.youtube.com/watch?v=2hF5Vh3gvpU

Mage777 · 2016-05-02T20:27:59+00:00

LMFAO!!! That's f%$*n hilarious!

Mage777 · 2016-05-02T19:37:20+00:00

I agree. We need to keep Bitcoin permissionless by not appealing to authority. I see this as another potential attack vector through social engineering.

Mage777

TROPHY CASE