Please, /blog/, tell me there is a way to short sell this shit. We all know that this is a bubble, surely there is a way to profit on these morons, right?
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Anonymous2013-03-02 22:27
lol I'm going to enjoy >>1 butthurt tears once it doubles its price
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Anonymous2013-03-02 22:31
There is no practical way to short them. You can open a bitcoin bank\exchange, then sell the deposits and buy them back when they withdraw them, but I doubt there is much of an audience.
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Anonymous2013-03-02 22:34
>>1
you know how short sell works? you borrow something and sell it. then when this something is cheaper you buy it and repay the debt. so just find somebody who agrees to lend you bitcoins
heh, i just think i could have got a few easy thousand of dollars if i had paid attention to this bitcoin crap a couple years ago
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Anonymous2013-03-02 22:39
yeah go ahead and start repeating the same patterns than the fake actual monetary system
Why do you care about speculating on Bitcoins? Why don't you use it simply as a means of exchange for goods and services?
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Anonymous2013-03-02 23:12
There have been so many Bitcoin bubbles that it's a joke now. The price goes up and down and up and down. This is why it can't be taken seriously as a currency.
>>8
It's been over $30 exactly twice. Once after silkroad was reported on the 10 o'clock news, and now. You could argue that it is nothing but a bubble, but overall, it's less volatile than some real currencies.
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Anonymous2013-03-03 0:08
forget about bitcoins, check this dubz!
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Anonymous2013-03-03 0:19
BTC will thrive as long as there is a hobbyist fanbase and a much larger online underground, at least until something better comes along. Right now it's the best way to transfer money with the most anonymity. BTC doesn't need speculators anymore.
>>8
People can advertise prices/fees in a more stable currency or gold; the bitcoins to be transferred can be calculated at the time of transaction to meet the current exchange rate with that alternate currency or precious metal.
I call it Bitcon or Shitcoin. Satoshi Nakamoto currently possesses the largest amount of BTC for any individual. How? Because he was mining before anyone else knew about it. He's bamboozling the dumb Goyim Gaijin who are enticed by the idea of mining "free" money that can be used for drugs and shit. If Satoshi pulls out, the value will plummet.
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Anonymous2013-03-03 1:24
>>14
No. Gold has risen 350% over the past ten years, most probably due to the "BUYGOLDBUYGOLDBUYGOLD" shit that is plaguing television and AM radio in the US. Yet it is still down 6% over the past two months. The price is very volatile and at times seems more manipulated than forex manages to be.
>>15
1 - How do you know how many BTC he has? He has been MIA for a few years now.
2 - Satoshit is unlikely to really be Japanese. He never wrote Japanese and never backed up that claim. Don't put too much stock in the proclaimed identities of people who work on anonymity projects. Though the thought of some nip NEET doing all this to get money is appealing, I don't see it really happening.
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Anonymous2013-03-03 1:34
>>15 If Satoshi pulls out, the value will plummet.
He could probably work out a set of differential equations and figure out the best rate at which he can pull out while maximizing the profit.
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Anonymous2013-03-03 2:08
>>15
BC is a currency, not an investment. People find value in a pseudo-anonymous currency. People find value in a way to exchange goods and services with minimal merchant or processing fees over the Internet. If Nakamoto chooses to flood the market by cashing out his collection of BC, all it would do it cause inflation to the value of BC until the point when it will stabilize. How would that be not different to a gold rush where one finds an easy to obtain vein of gold ore then others join in the market?
>>19
Visa is controlled by the Visa company, BC is controlled by consensus of the BC users.
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Anonymous2013-03-03 6:16
Any fixed emission money lead to monopoly and shortage, which leads to economy slowdown and crisis. Read Karl Marx.
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Anonymous2013-03-03 10:29
Bitcoin is an Israeli project, aimed at undermining goyim governments and expanding Jewish domination: http://en.wikipedia.org/wiki/Bitcoin investigation brought up circumstantial evidence that indicated a link between an encryption patent filed by Neal King, Vladimir Oksman and Charles Bry...
I.e. kikes.
Peter Vessenes, Bitcoin Foundation's executive director, said, since the foundation is trying to pay for everything in bitcoin, including salaries, "How do we W-2 someone for their bitcoins? Do we mark-to-market every time a transfer happens?
Then again, the major computing providers, Intel and Nvidia, are Jewish and would profit immensely from computing-based currency.
And the LORD thy God will put out those nations before thee by little and little: thou mayest not consume them at once, lest the beasts of the field increase upon thee. But the LORD thy God shall deliver them unto thee, and shall destroy them with a mighty destruction, until they be destroyed. And he shall deliver their kings into thine hand, and thou shalt destroy their name from under heaven: there shall no man be able to stand before thee, until thou have destroyed them. The graven images of their gods shall ye burn with fire (Deuteronomy 7:22-25)
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