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Showing 20 of 47 results by Michael Robinson
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Re: SecondMarket Bitcoin Investment Trust Observer
by
Michael Robinson
on 10/11/2014, 04:45:40 UTC
People are literally losing money on these frequent discrepancies, if you can't get it right....stop.

Then don't use the data. Simple.

I'm sorry, but "If our data is inaccurrate, then don't use it" isn't a justifiable defense.  If your data is meaningless or misleading, you shouldn't be posting it.  This thread is starting to become the "boy who cried wolf", it is inaccurate so often nowadays, you don't even believe it when you see it.  It's become a joke.  And to continue to post bogus data is dangerous and immoral. 
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Re: SecondMarket Bitcoin Investment Trust Observer
by
Michael Robinson
on 10/11/2014, 04:42:01 UTC
If this 7629   buy on November 4th ends up being a dud, this thread needs to quit being updated.  People believe Second Market has insider tips, and therefore buy/sell when they see Second Market doing the same.  

People are literally losing money on these frequent discrepancies, if you can't get it right....STOP.
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Re: 2014 February vs. Now (Price Comparison)
by
Michael Robinson
on 19/09/2014, 23:34:22 UTC
Wow, this chart just convinced me not to invest in alt-coins.  They make the recent bitcoin decline look like chump change. 
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Re: Is The Dumping of Stolen Coins Causing BTC Price to Fall?
by
Michael Robinson
on 19/09/2014, 23:33:01 UTC
I think this is exactly what is happening.  Other people seeing it go down and panic selling are just escalating it. 
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Board Service Discussion
Topic OP
A service that sends you a text message when there is big Bitcoin news?
by
Michael Robinson
on 28/08/2014, 03:51:29 UTC
For example, if news that the ETF has been approved gets published, you immediately receive a text to your phone?  Or Amazon accepting Bitcoin, etc.  I don't want to miss a major price catalyst because I didn't happen to refresh Coindesk 50 times that day, so was looking to see if anything like this was available. 
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Board Bitcoin Discussion
Topic OP
I read there are going to be 2 million new bitcoin created in the next 2 years?
by
Michael Robinson
on 13/07/2014, 19:26:01 UTC
So we will need another $2,000,000,000 just to maintain current prices?!

And we are making a big deal out of the "100's of millions" Wall Street could theoretically bring in soon?

I just went from extremely bullish to "Wow, I guess this is why bitcoins are still an incredibly high risk asset". 

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Re: we are almost mid 2014 - catalysts for rest of year?
by
Michael Robinson
on 14/05/2014, 01:13:39 UTC
Quote

The get rich scheme taking too long ...

Get out NOw !!


Nowhere did I say I was selling/getting out/throwing in the towel/dumping my coins.  I simply contributed to the discussion by answering his question.  I pointed out the year-to-date catalysts not having an effect so far, and mentioned a couple we might see during the rest of the year and wondered if they would have any effect either.  Thanks for the mature response however, keep up the good work.  Looking at your previous posts, maybe YipYip should do less YipYapping.  
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Re: we are almost mid 2014 - catalysts for rest of year?
by
Michael Robinson
on 14/05/2014, 00:06:31 UTC
I really don't know what it is going to take, I'm starting to get nervous.  Despite all the publicity of Overstock accepting Bitcoin, it only accounts for one tenth of one percent of their revenue and I haven't seen any reports of this hinting at getting any better either.  Tigerstock accepts it as well, but this fact is pretty much buried on their site, not only does it fail to appear on the main page, it doesn't even appear in the payment options after you fill your cart and click checkout.  I've also seen several Reddit comments from people saying they are seeing local businesses go from accepting it to no longer doing so, saying nobody was using it and it was a chore to train employees for no results.  And then we have Bitcoin companies spamming #bitcoin #majorannouncement #tothemoon on their Twitter accounts and everywhere else they can, just to later find out it is simply a billionaire investing the equivalent of two pennies of their net worth.  

People think a retailer like Amazon accepting Bitcoin will be a major catalyst, but from what I've seen from the other retailers, it doesn't seem like the end result is going to be very climatic.  It doesn't help whatsoever when a large retailer begins accepting it, just to have it fizzle within months.  I guess the only thing I can think of as a potential incoming catalyst is if the Bitcoin ETF results in massive fiat investment or not, as obviously $100's of millions of dollars coming into the ecosystem would give us a nice jumpstart, but that might not even happen.  Or maybe if the Mt Gox revival plan happens, is successful, investors recoup their losses and even profit...but again we could be grasping at straws here, as this is a longshot too.    

I've held all the way down from my initial buy-in at over $1,000, while in the meantime buying three times as many coins as I originally planned in order to lower my dollar cost average, so I'm not going to give up now.  Just getting depressed, that's all.  Hope to see some encouragement soon!
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Board Bitcoin Discussion
Topic OP
Ordering products off the TV in seconds with Bitcoin...
by
Michael Robinson
on 11/05/2014, 06:21:04 UTC
I was watching TV and they were showing an ad for a product.  At the end of the commercial they provided a number you can call to order it.  So I'm thinking "Okay, I call that number, go through a bunch of menu options, wait on hold for X number of minutes, get a person, create an account and/or give them my name, address, phone number, credit card number, expiration, security code, etc etc."  

However, with Bitcoin, they could just show a QR code and say "Send Bitcoin here, include a note with your address."  You press a couple buttons on your cell phone, and you are done in seconds.  They receive the Bitcoin along with your address, and can mail the product to you.

Probably be seeing this in the near future?



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Re: Got to keep reminding myself ...
by
Michael Robinson
on 02/05/2014, 03:45:03 UTC
I simply think there is no conceivable way whatsoever that Bitcoin could have already reached the highest value it will ever go.  Before the vast majority of people had even heard of it?  Before any companies were even accepting it?  Before all the VC money started coming in?  Before a movie at the Tribeca Film Festival?  Before Bitcoin ATMs?  Before the ETF's launch?  Before institutional investors entering the market?  Etc etc etc.  It would completely go against logic to be under the impression that Bitcoin would have already reached it's most valuable point ever...before any of this happened.  There is simply no way!  Just stay patient.
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Board Bitcoin Discussion
Re: Verotel adds Bitcoin
by
Michael Robinson
on 30/04/2014, 01:08:14 UTC
I see more and more merchants accepting Bitcoin payments, but if sales end up being lackluster and/or non-existent, our movement won't be going very far.  They need to see some benefit to accepting payments, and many of them are complaining about lack of results.  People need to spend their Bitcoins, not just hodl them. 
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Does Microsoft/Google/Yahoo/Etc save invalid login info?
by
Michael Robinson
on 24/04/2014, 21:53:09 UTC
Ironically can't seem to find an answer to this question with a google search, I always get a bunch of answers to other things. 

Let me explain my question:  For example, lets say my google email login is "me@google.com" and my password is "login1". 

But since I have a yahoo email too, sometimes I accidentally go to yahoo.com and type in my google name and password.  Of course google says "invalid" and asks me to retype it, then I realize what I did and go to the correct site. 

But I just realized something...if any of them actually SAVED the information you typed in, everytime someone accidentally tries to login to the wrong site *which I bet happens all the time*, they would now have a copy of their information.  *yahoo now knows my google login/password because I accidentally used it on their site*

Anybody know if any of them save invalid login info?

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Board Altcoin Discussion
Re: Maidsafe
by
Michael Robinson
on 22/04/2014, 05:19:09 UTC
I am trying to figure out if spending Bitcoin to buy Safecoin is a good idea or not.  They say there is going to be a grand total of roughly 4.3 billion Safecoin.  Right now they are offering 17,000 of them for 1 Bitcoin. 

4,300,000,000/17,000 = 252,941

So for 1 Bitcoin out of 21 million Bitcoins you can have the equivalent of 1 Safecoin out of 252,941 Safecoins.  So what is a Safecoin?  Is it actually a partial ownership in the "company"?  The "company's" value will be the total value of all Safecoins?  So for 1 Bitcoin *$500 right now* I could own 1/250,000th of a company that could potentially be worth unfathomably more than that?  That sounds like a decent bet, I might take them up on it, but only if I am understanding it correctly.  Am I understanding it correctly?

I am also curious, how powerful are their patents?  With Bitcoin no patents are involved, so anybody can pretty much copy any/all of it, so a bajillion competitors could pop up and do the same thing, or even do it better, which is one of the inherent risks with Bitcoin.  Will the Maidsafe patents make it invulernable to this risk?  Even with the patents, could other people still copy it anyways?  How enforceable are the patents?

Anybody help me understand this?
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Re: High buyers @700,800,900,1000,1200, what will you do with your coins?
by
Michael Robinson
on 15/04/2014, 14:07:27 UTC
I bought my bitcoins at $1,050.  While doing so, I told myself "Go big, or go home".   Like some guy on TV who was disagreeing with Warren Buffett about bitcoin said recently "You can lose 100% of your money, or make 120 times your money", and that was exactly my own thought process when buying Bitcoin.   

If you bought Bitcoin just to try and make a little profit, or sell when you break even, you are a fool.  There are far safer, and more traditional, investments you could do this with.  You buy bitcoin to go big, or go home.  If not, you're in the wrong market.   





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Board Goods
Re: Selling $12,000 40-45 year old baseball card collection! *pictures*
by
Michael Robinson
on 20/01/2014, 06:41:36 UTC
Unfortunately at this time I prefer not to sell individual cards, as I'd like to keep the set "untouched".  I think the fact that it hasn't been disturbed in 40+ years will be important to the buyer, as nobody wants a set where all the good cards were already cherry picked out.

Thanks for the offer however!

I am still entertaining offers for the set, so if you are interested please message me. 
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Board Bitcoin Discussion
Re: What happens in china on the 31st Jan?
by
Michael Robinson
on 16/01/2014, 03:35:46 UTC
The Chinese look for any reason possible in order to cause a quick panic sell, so you can be assured this will happen on January 31st.  I will most likely sell my holdings a few days prior, then buy them back after that point in order to increase my share. 
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Re: Selling $12,000 40-45 year old baseball card collection! *pictures*
by
Michael Robinson
on 14/01/2014, 20:09:58 UTC


i have a bunch of yugioh and pokemon cards sitting around from my youth too but they won't build any collector value Sad

You never know, they very well might.  Most folk won't keep theirs, and a lot of people in your generation might feel nostalgiac when they near retirement in several decades and want to collect them again. 
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Board Goods
Re: Selling $12,000 40-45 year old baseball card collection! *pictures*
by
Michael Robinson
on 14/01/2014, 16:26:53 UTC
That is the "average value" per Beckett of all the cards added together.  That is what you can expect to make if you sell each card individually, which would be very time consuming.  I am not looking for that much, I would be happy with half, and would consider bids even less.  I apologize for the confusion.

Send me a PM if anyone is interested!
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Selling $12,000 40-45 year old baseball card collection! *pictures*
by
Michael Robinson
on 14/01/2014, 04:52:16 UTC
I was originally going to sell these in my local newspaper or on craigslist, and then buy bitcoins with the money.  Then I thought to myself "Wait a minute, one of the main features of bitcoin is that we don't NEED a fiat middleman!", so I decided to try and post them here first instead.

These were collected by my father when he was younger, and were stuck in a closet for nearly 30 years, untouched.  Roughly 15 years ago they were given to me to "sell when an opportunity presented itself", and were once again placed back in a closet.  They are all in very good condition, I spent roughly 3 days putting them in numerical order to see what I had, and I didn't notice even a single crease on all 1,200 cards.  They are literally in the condition you'd expect them to be if they were slightly handled before being stored away for over 4 decades.  As you can see from the pictures, the cards include many iconic players we all grew up hearing about. 

I wanted to hold onto them until the baby boomers who collected them as children started retiring in a few years, as the value would naturally increase as they tried to reminiscence on their childhood with their freetime and start collecting them again, but I want to try my luck with bitcoins.  But enough with the introduction, here is what we have:

Set includes roughly 1,200 cards. Almost half are 1969 Topps, about a quarter are 1970 Topps, and the remaining quarter 1971-74 Topps

1969 Topps - approx 550 cards *large portion of set*

Includes but certainly not limited to:
Mickey Mantle, Reggie Jackson rookie x 2, Ernie Banks x 2, Roberto Clemente x 2, Johnny Bench x 2, Pete Rose, Carl Yastrzemski, Clay Dalrymple, Tim McCarver with Maris, Bob Gibson, Donn Clendenon, Jim Hunter, Bobby Cox rookie, Steve Carlton, Tony Perez x 2, Sparky Lyle rookie, Harmon Killebrew, Al Kaline x4, Tom Seaver, Rod Carew, Earl Weaver rookie 2 x, Willie Stargell, Gil Hodges, Jim Palmer, Bob Flloyd rookie, Larry Burchart rookie, Rollie Fingers rookie, and Ferguson Jenkins. 

1969 Topps Deckle Edge
- almost complete set

Includes players such as:
Willie Mays, Carl Yastrzemski, Jim Wynn, Pete Rose, Roberto Clemente, and Brooks Robinson

1970 Topps - approx 300 cards
Includes: Pete Rose, Bob Clemente, Cleon Jones, Reggie Jackson, Thurman Munson/Dave McDonald rookie, Steve Carlton, Brooks Robinson x2, Rod Carew, Lou Brock, Jim Palmer, Don Sutton, and Rico Petrocelli.

1971 Topps - approx 150 cards
Includes: Thurman Munson x 2, Steve Carlton, Pete Rose, Al Kaline, Johnny Bench, and Roberto Clemente.

1972 Topps, 1973 Topps, 1974 Topps - approx 50 cards each
Includes: Willie Mays x2, Carl Yastrzemski, Roberto Clemente, Johnny Bench, Tom Seaver, and Pete Rose.

If you would like to make an offer or have any questions, do not hesitate to post below or send me a private message.  As to how many bitcoins I'd like, I have an idea in my head, and it leaves plenty of profit for a buyer who wants to resell them, or hold onto them so they can continue to appreciate in value. 

Thanks again!

http://s23.postimg.org/vmwxzkvfv/cardsforcoins1.jpg


http://s30.postimg.org/yz81pp1dd/cardsforcoins2.jpg



 





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Board Bitcoin Discussion
Re: Overstock.com's News on Accepting Bitcoin, Underwhelming Price Boost.
by
Michael Robinson
on 10/01/2014, 17:59:36 UTC
Why take on a slow ass coin like BTC when theres better coins around  Huh

Because it ISN'T slow.  Like many have said to people pumping alt-coins, "There are hardly any problems an alt-coin could solve that the bitcoin community can't solve as well."  It isn't about the base protocol, it is about the applications built on top of the protocol.  Overstock works through Coinbase.  The exact instant I initiated my bitcoin payment through Coinbase to Overstock, the payment was successful. 

I think it's because this wasn't "news".  Overstock announced it would be accepting bitcoin payments weeks ago, and at that point it DID boost the price.e

They didn't announce that they would be accepting bitcoin payments, they announced that they PLANNED to accept bitcoin payments in about five months.

My point was that this doesn't matter.  If Amazon announces they will be accepting bitcoin payments and the price goes up $1,000 overnight, but then only goes up $1 the day they actually start accepting payments, you can't turn around and say "Amazon's news on accepting bitcoins was underwhelming". 

If you have bitcoin and you aren't spending any of it, you are not helping the cause whatsoever, and ultimately just hurting yourself. 

Not quite. Individual self-interest conflicts with group self-interest. As long as people expect the price to dramatically increase, they won't spend. Virtually no one will spend coins out of altruism to the group of all bitcoin holders.

I disagree.  Individual self-interest is the same as group self-interest in this case.  If people don't spend their bitcoins, major retailers will announce they are no longer accepting them.  This would have a devastating effect on the value of bitcoin, period.  Therefore, bitcoins must be spent.  If everyone holds onto theirs expecting someone else to do the spending, it's over.  If you are worried about losing future value, simply immediately replace the bitcoins you spend, problem solved.  In the meantime, for your self interest AND the group's self interest, spend bitcoin.