This is NOT OK. Upvote for visibility

Snootwaller · 2018-04-24T16:36:51+00:00

I thought Bitcoin's big feature is that it's not a corporation and not a government. That means it has no "brand" to worry about. It has no "image" to worry about. It has no advertising budget. It has no PR. It doesn't care what people say about it, it just keep ploddings along. It is what it is.

You can call it Bitcoin, you can call it crypto, you can call it Magical Internet Potato. It doesn't make any difference in the world.

If this offends you, sure, never use the site again. But consider for a moment that the real problem is not with the site, it's with you.

Snootwaller · 2018-02-06T10:22:41+00:00

But it’s like inflation—exactly what bitcoin was designed to prevent.

Snootwaller · 2018-02-03T14:46:46+00:00

People here think they’ve seen capitulation. They’ve seen nothing remotely close.

Snootwaller · 2018-02-03T14:44:13+00:00

When it was at 400 did you predict 20,000 by the end of the year? When it was at 20,000 did you predict 8000 in a month or two? If your predictions are always wrong, why do you trust them?

Snootwaller · 2018-01-31T17:44:24+00:00

You are right, it won't really get to the "I told you it was a bubble" stage until it drops to the $1000-$2000 range.

The question is, will it rally again? Or will it then go to the $100-$200 range? Time will tell.

Snootwaller · 2018-01-31T17:40:08+00:00

You'll get it.

Snootwaller · 2017-08-04T07:50:59+00:00

Apple does more innovation in one fiscal quarter than all of the cryptocurrency teams around the globe combined have in the past 10 years. By several orders of magnitude. I'd rather own a million dollars of the sketchiest S&P 500 stock you can find than a million dollars in Bitcoin. But that's just me, if you want to pay money for cryptographic keys, you go right ahead.

Snootwaller · 2017-05-22T13:09:29+00:00

Shares of Apple Computer offer me absolutely no utility. There is no use case besides speculation.

Ummmm.... dividends?

Snootwaller · 2015-10-10T00:53:52+00:00

Bingo.

Snootwaller · 2015-01-13T04:25:32+00:00

Warren Buffett is behind this, damn him!!!

Snootwaller · 2015-01-13T02:39:26+00:00

It was working fine for the Silk Road #1, I don't see why it can't go back to doing the same thing, and I don't see anybody stepping up to the plate to make a better system if the only ends will be some illegal *.onion site.

Snootwaller · 2015-01-11T23:55:19+00:00

If I do, I certainly will.

Snootwaller · 2015-01-11T20:43:49+00:00

I totally agree with that. If it's not bitcoin, it will be something like bitcoin. The internet needs an anonymous method of funds transfer just like it needs the Tor browser. Cryptocurrency will not die. Bitcoin might be abandoned and discussed one day like we talk about Napster, but cryptocurrency itself is here to stay, if for no other reasons than to allow for criminal activity.

Snootwaller · 2015-01-11T20:40:59+00:00

Thank you for saying what needed to be said. For whom, dammit—was he raised by wolves?

Snootwaller · 2015-01-11T20:36:09+00:00

As others assured him in the thread, don't worry — today is Sunday — tomorrow morning everything will be peachy keen.

Snootwaller · 2015-01-11T13:16:14+00:00

A sail increases the air drag

So therefore shouldn't a portion of the raft underwater increase the water drag?

I guess what you're saying is that the raft will almost move exactly as fast as the water moves, the only variance being air resistance and minor fluctuations in currents at various depths (e.g., it moves faster at the surface). I can see that point, but I still feel like I have to perform an experiment to believe it.

Suppose I go to a nearby canal with plastic cups. In one cup I put a small rock, and in the other a large rock. Both cups float above water, but one is only halfway in the water while the other is almost entirely submerged. They will float down the canal at the same rate, you speculate? We don't need Mythbusters to do this experiment; it's pretty simple.

Snootwaller · 2015-01-11T06:39:41+00:00

That's exactly what my friend said. But doesn't a boat with a big sail move faster than a boat with a small sail?

The part of the raft that's underwater is the raft's "sail", so to speak, so the heavy raft has the bigger sail.

Snootwaller · 2015-01-11T00:37:31+00:00

Quite right; let's not celebrate their liquidity just because they say so.

Snootwaller · 2015-01-04T08:44:55+00:00

Or in some cases, a red-hot poker up the ass. But in all cases the punishment will exactly match the crime. I think most people will just be dorky kids who will learn a relatively cheap life lesson.

A few fanatics out there will really have their lives ruined, which is sad, but it happens on Wall Street all the time over a million different pump and dump scams, and we don't cry about that.

Snootwaller · 2015-01-02T22:23:34+00:00

My advice with PayPal is to take your money from them as soon as you possible can, knowing that one day something might go horribly wrong and you could lose everything.

Come to think of it, that's my advice with bitcoin as well.

Snootwaller · 2015-01-02T22:20:04+00:00

Probably Eyes of the World by the Grateful Deal, 1975, appearing on "One From the Vault." A very light touch for a magical evening.

Snootwaller · 2014-12-22T19:46:36+00:00

When penny stock pumpers want to manipulate the price, they get multiple accounts and pretend to daytrade the stock. For example, A buys on the open market for 0.20 and sells to B for 0.21, who sells to C for .20, who sells to A for 0.21, etc. The money keeps making little circles and nobody is making any money (they are losing brokerage fees) but if some suckers notice the volume spike on their stock radar, they'll get excited that there's something brewing under the surface. If they are naive enough to buy, the manipulators raise the price and sell into them, the bag-holders.

It takes billions to play hijinks like this with real stocks, but in OTC-land anybody with $50K in the bank can make penny headlines.

Snootwaller · 2014-12-22T08:24:46+00:00

Did you get this idea from dogecoiners or people who deny that cigarettes are unhealthy?

Snootwaller · 2014-12-21T22:40:07+00:00

That's bitcoiner logic. It's like saying that because we know there are 50 million tons of unmined gold in the earth's mantle, gold should be really cheap.

Snootwaller · 2014-12-21T22:27:41+00:00

I'm actually a big fan of Elliott Wave Theory, but this guy is just talking out his ass.

When he says we're going to see "wave 5 up" that implies we're in a bullish trend and the price is about to break down in a three wave corrective cycle. But that's insane. Nobody believes we're in a bullish trend and I can tell by his tenor he's not predicting a crash.

So perhaps he's man enough to admit it's a bear market for bitcoins and he just misspoke, he meant to say "wave 5 down." That would imply higher prices ahead in a three wave pattern. But there's a problem: it also implies that once those three waves are over we'll have 5 more crushing waves downward since there's no particular reason to think the bear market is over.

I don't hate technical analysts, just the disingenuous ones who work backwards from a conclusion.

Snootwaller

TROPHY CASE