Quote from: dropt on April 15, 2014, 02:30:33 PM

Quote from: MatTheCat on April 15, 2014, 02:17:32 PM

Isn't this the second time in one month that you've "had it" with Bitcoin?

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Speculators (currently getting royally fucked with by Chinese Bitcoin Bandits)

Bandits? What are you on about? They're just "speculators" like yourself. Maybe they've got bigger pockets, or enjoy a little more risk than you, but they're just the same. How do you think all the people who aren't traders feel when people like you take out leveraged positions and fuck the market sideways for your own personal gain?

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Silk Road

This is such a ridiculously small part of the market now that the original Silk Road is done and gone, the successors have fucked their customers, and the market has fragmented into multiple sketchy sites.

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The one thing I have left off that list is 'Capital Flight' from non USD hegemony compliant economies. Mark my fucking words, it will be from these situations that Bitcoin will experience real future inflations in value (after the Chinese are done playing their games), which was exactly the reason why the NSA floated Bitcoin out into the public arena through a libertarian back door in the first place. Bitcoin is not 'against The Man', it is by The Man and for The Man. If folks are thinking that the USD dominated fiat currency system is vaporous, they aint seen nothing yet!

I will take a much longer break from Bitcoin than 6 months. I have been against Bitcoin philosophically for some time but was addicted to trading it cos I was winning. Now that I am losing, I have no further interest in it. I will be back here to indulge in some empty gloating when Bitcoin hits $200 range like I said it would....and it will.

Uh-huh. Don't let the door hit you on the way out.

Precisely my point doughead. With increasing cracking down on Bitcoin transfers (money laundering, tax evasion) and Chinese Bandits (they are different from me in that they have means of cheating the market, I don't) wringing every last drop of blood out of naive speculators that they can get, Bitcoin has fuck all left going for it...except Silk Road which is next to nowt.

That leaves Capital Flight.

I will mind that door on the way out by I shall make a mental note to come and single you out for some brutal antagonism when Bitcoin is right down in that $200 range.