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Showing 6 of 6 results by RookieMonster
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Nothing is more funny to a bull than the OKcoin bear that got margin called today for 31,000 BTC/3 million dollars. His wife is gonna kill him.
No kidding, this guy was slaughtered on the alter of doom and it was a major shot across the bow of the bearmobile. If it can happen to this guy, it could happen to anyone. 
Very true. Too many people been getting fat for far too long just betting the fall will continue. Well a year and a half is a long time.
I hope this can be a lesson for the rest of them
It's become easy money and that makes people careless which is likely what's going on here. I wonder if him or her has done a similar thing before and it's just been fine so they were feeling much to secure (and they were likely asleep!)
Hi All,
I have been following Bitcoin for over a year and was the first person ever to put my house for sale for bitcoin.
http://www.cbc.ca/newsblogs/yourcommunity/2013/03/alberta-man-accepting-bitcoins-in-exchange-for-home.html
Not sure if you followed my story from a year ago, but the house just sold on Friday, and will make the news tomorrow I suspect. When the house closed on Friday I got approximately 648 BTC for my house which is based on prices over the past 6 months when the deal was actively negotiated, legal fees, realtor fees, and a bunch of contract wording that I frankly don't understand. I am now all in! I really believe in bitcoin. It is the future of the world. I look forward to the continued price increase and one day I plan to own my own island. I will truly be a bitcoin billionaire by the time I am 25 I believe. This house was inherited from my father who passed away a few years ago and he always believed in me and told me I would make it big one day and so I shall. Wish me luck
Tay More
I have been following Bitcoin for over a year and was the first person ever to put my house for sale for bitcoin.
http://www.cbc.ca/newsblogs/yourcommunity/2013/03/alberta-man-accepting-bitcoins-in-exchange-for-home.html
Not sure if you followed my story from a year ago, but the house just sold on Friday, and will make the news tomorrow I suspect. When the house closed on Friday I got approximately 648 BTC for my house which is based on prices over the past 6 months when the deal was actively negotiated, legal fees, realtor fees, and a bunch of contract wording that I frankly don't understand. I am now all in! I really believe in bitcoin. It is the future of the world. I look forward to the continued price increase and one day I plan to own my own island. I will truly be a bitcoin billionaire by the time I am 25 I believe. This house was inherited from my father who passed away a few years ago and he always believed in me and told me I would make it big one day and so I shall. Wish me luck
Tay More
This is the most foolish thing I've read in a great deal of time. If you could not tempt the gods of poetic justice into crashing the price of BTC.
Do you have any idea of the real underlying threats to BTC. I, for one, think it's fantastic and have more faith than most but any number of serious threats could be lurking even now.
A 51% attack is not completely ruled out. Most medium sized governments could make short work of the BTC blockchain is they felt inclined.
Quantum Computing will obliterate the elliptical cryptography algorithms that underlie BTC.
We've had a persistent and undivided downward trend for 11 months now.
Invest by all means, but you must have balls of steal and a brain of brass to go with them.
He made a very risky investment but the 51% attack is almost totally ruled out, the Quatum computing is not there yet and it would kill all encryption so it would be a problem for all corporations, governments and citizens, not just Bitcoin
'Risky investment' is correct but sterile language for something just quite that risky. Just the general decline in prices will have you after a while.
51% attack is very nearly ruled out assuming that there's no concerted effort by a government agency. 300 million GH/s is a lot (https://blockchain.info/charts/hash-rate) and outranks all supercomputers but countries like the US and China almost certainly have comparable hashing power available to them if needed. That's speculative but it's not wild.
Quantum Computing just kills anything built on ECC; what I worry about is it being developed in secret for its capacity to just that. I'm no tin-hat-Harry but it's very plausible and it makes Bitcoin worth $0.
Hi All,
I have been following Bitcoin for over a year and was the first person ever to put my house for sale for bitcoin.
http://www.cbc.ca/newsblogs/yourcommunity/2013/03/alberta-man-accepting-bitcoins-in-exchange-for-home.html
Not sure if you followed my story from a year ago, but the house just sold on Friday, and will make the news tomorrow I suspect. When the house closed on Friday I got approximately 648 BTC for my house which is based on prices over the past 6 months when the deal was actively negotiated, legal fees, realtor fees, and a bunch of contract wording that I frankly don't understand. I am now all in! I really believe in bitcoin. It is the future of the world. I look forward to the continued price increase and one day I plan to own my own island. I will truly be a bitcoin billionaire by the time I am 25 I believe. This house was inherited from my father who passed away a few years ago and he always believed in me and told me I would make it big one day and so I shall. Wish me luck
Tay More
I have been following Bitcoin for over a year and was the first person ever to put my house for sale for bitcoin.
http://www.cbc.ca/newsblogs/yourcommunity/2013/03/alberta-man-accepting-bitcoins-in-exchange-for-home.html
Not sure if you followed my story from a year ago, but the house just sold on Friday, and will make the news tomorrow I suspect. When the house closed on Friday I got approximately 648 BTC for my house which is based on prices over the past 6 months when the deal was actively negotiated, legal fees, realtor fees, and a bunch of contract wording that I frankly don't understand. I am now all in! I really believe in bitcoin. It is the future of the world. I look forward to the continued price increase and one day I plan to own my own island. I will truly be a bitcoin billionaire by the time I am 25 I believe. This house was inherited from my father who passed away a few years ago and he always believed in me and told me I would make it big one day and so I shall. Wish me luck
Tay More
This is the most foolish thing I've read in a great deal of time. If you could not tempt the gods of poetic justice into crashing the price of BTC.
Do you have any idea of the real underlying threats to BTC. I, for one, think it's fantastic and have more faith than most but any number of serious threats could be lurking even now.
A 51% attack is not completely ruled out. Most medium sized governments could make short work of the BTC blockchain is they felt inclined.
Quantum Computing will obliterate the elliptical cryptography algorithms that underlie BTC.
We've had a persistent and undivided downward trend for 11 months now.
Invest by all means, but you must have balls of steal and a brain of brass to go with them.
It's dull and not at all sexy but this spike may have much more to with Single's Day in Mainland China and a sense that with 'dark' use of Bitcoin being curtailed it stands a better chance of moving into the mainstream.
Bare (or bear) in mind that Single's Day is the second largest e-commerce day (after Black Friday) on the globe and a growing proportion of online trade in China is performed with BTC - increasingly using just-in-time means that buy the BTC at market rates.
Bare (or bear) in mind that Single's Day is the second largest e-commerce day (after Black Friday) on the globe and a growing proportion of online trade in China is performed with BTC - increasingly using just-in-time means that buy the BTC at market rates.
Does anyone know how I can pul sell orders in on mt.gox?
I want to be able to set the trades so that if the price drops below a certain value, it will sell a proportion of my coins. I know this is really simple and I feel like an idiot asking. Also, does anyone know how one might be abe to spread bet like with traditional stocks and shares?