22 votes

Warning! Dump your bitcoins!

Remember what happened to the Facebook pump and dump scheme?
Remember when bit coin dropped to 0?
There is nothing backing bitcoin execpt computer code. Don't be a chump. Dump your bitcoins before they drop in value significantly.

Example:
What bubble will burst first. The dollar or bitcoin?


http://youtu.be/UX75tiViEjA



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Just read this text and then

Just read this text and then tell me what you think. No rush man this is a learning experience for all of us.
http://dev.economicsofbitcoin.com/mastersthesis/mastersthesi...

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

I have more knowledge of the Bitcoin in my pinky finger

Than you have bookmarks to throw a me.

Add: I apologize. I just now realized that you sent me a new link. I thought you merely reposted the first link.

Wll read this tomorrow although I am skeptical of anyone claiming to be the authority on the "Austrian perspective" of anything. In the mean time here is some reading material for you (far less daunting):

http://cryptome.org/0004/bitcoin-lottery.htm

The above link, couplEd with the understanding of what zombie bots are (think spyware hijacking your computer) then you begin to understand who the winners of the Bitcoin are (who got in at zero dollars). Research zombie bots.

You're a Good Austrian!!

Awesome brother I will definitely look into the info you just gave me. Knowledge is power. Yeah man this dissertation/ thesis. (Was written in Europe) will eventually become a book. Last I heard laisezz fair books was publishing it. The Mises institute is picking up on this too.

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

Thanks for posting

I found two articles that explain the ordeal. These summarize everything perfectly:

http://www.theregister.co.uk/2011/08/03/twitter_controlled_b...

http://www.theregister.co.uk/2011/10/31/mac_os_x_bitcoin_min...

Except - What these authors miss is that the very same inventors of Bitcoin are also the programmers of the Trojans mentioned above. That is key to understanding the big Steve Gibson swindle..

Okay

Cool man thanks. Ill look at them and study them.

Trust me man I'm taking your concerns very seriously. Ill get back.

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

DUMP THEM HERE!

1PA3uPWk4DZs9xHkdVhDivxwAGNaUmogbM

Austrian Econ and Bit Coins

Article by my boy Pierre:
http://themisescircle.org/blog/2013/02/19/end-the-fed-hoard-...

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

Warning Dump Your Gold!

Remember what happened to the Facebook pump and dump scheme?
Remember when gold dropped from $800 to $250?
There is nothing backing Gold except man's desire for shiny decorations made out of a worthless and nearly useless metal. Don't be a chump. Dump your gold before it drops in value significantly.

-DISCLAIMER-

I own gold and other metals.
I do not own bitcoins because so far I've been to lazy to set up a wallet.

I'm dumping $10k into bitcoins on friday

Get them while you can.. :)

Bit coin credit card

French company paymium is ready doing it

Kim Dotcom wants in
https://mobile.twitter.com/KimDotcom/status/308617409311432706

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

nah

ill dump em when they reach $100.

Bitcoins are not only Gaining in USDs. they are also gaining in measures of Gold, very bullish if you ask me.

http://pricedingold.com/2013/03/03/market-update-1-mar-2013-...

His name is Edward Snowden

What is Capitalism?
http://youtu.be/yNF09pUPypw

What's keeping someone from making another brand

of online currency, called BittCoinn that is totally identical in every way? And twenty five million other people from doing the exact same thing?

Scarcity is the root of all value, and while BitCoins per se can't be replicated infinitely, other "limited" digital currencies can compete alongside. Ultimately, the currencies could reach the intrinsic value of the bytes they are stored in.

I still think everyone should own half a Bitcoin and buy gum with it, if only to be a thorn in The Man's side.

Author of Shades of Thomas Paine, a common sense blog with a Libertarian slant.

http://shadesofthomaspaine.blogexec.com

Also author of Stick it to the Man!

http://www.amazon.com/Stick-Man-Richard-Moyer/dp/1484036417

none

free market competition will determine the most valued currency of the Interwebz...FYI Bitcoin is winning

His name is Edward Snowden

What is Capitalism?
http://youtu.be/yNF09pUPypw

Nothing

What's keeping someone from creating another Facebook and calling it facebooook? The market. Facebook already exists no one can compete with Facebook and if a better company comes out that surpasses Facebook then the market will move there. The same with bit coins. Actually this is one f the best features of bit coins that if all of the governments of te world were to shut down the Internet which they never will bitcoin can be replicated and started over again. Actually bitcoin doesn't even need the Internet as a platform.

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

Yes, dump those bitcoins.

I'd love to buy more of them on discount. It's a little funny to me when I listen to the naysayers. They just do get it. For myself, bitcoin is not an investment, nor is it something to store value in the long term (there are other vehicles for that). It is a new tool that allows me to achieve a level of liquid operation anywhere on the planet without the threat of a tyrant documenting my actions. If anybody frequently travels internationally then they may recognize the true value of what bitcoin offers. I can't lug around a bunch of gold or silver nor can I carry more than 10K freely. Bitcoin represents a greater level of freedom and a new paradigm and I totally support that. It also represents the future that I want, so it gets my vote. There is growing demand for what bitcoin offers. Should bitcoin fall away then something better will likely grow up to surpass it. This is new and unknown territory, the old filters of judgement are obsolete here. Adapt and thrive or stay in your cage.

AMEN Just wait till the Mises

AMEN

Just wait till the Mises Institute completely gives it it's stamp of approval. After that man I bet they're gonna sky rocket.

Already Jeffrey Tucker is talking them up.

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

Hey took a small break to buy up as many Bitcoins as I could

From the Suckers...

Did I miss something?

I reached my limit with Bit-instant, anyone know where I can use my debit or credit card for Bitcoin purchases?

Bitcoinme.com

Bitcoinme.com

Aside from Bit Instant I think this is the best. There is a way to give cash at your local bank and have it sent to your wallet but I forgot the service provider. I think it's www.bitcoin-central.net

but definitely try www.localbitcoins.com its probably the most anonymous way to buy them.

Dude the funniest thing happened I was doing some work here at a hooka lounge when I overhead this kid talking about bitcoins. I told him more about them and he was already very knowledgeable; I help him set up his first blockchain.info wallet and he was begging me to sell him some. I referred him to localbicoins and he went on his way to find his seller.

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

The argument against Bitcoin is 3000 years old.

Forget for a moment that stocks, bonds, commodity contracts, mortgages, and bank credit lines are currently no more than lines of computer code. In the pre-computer days people were paranoid about buying stocks even though they got a nice physical certificate to hold in their hands. And before stock exchanges or banks came around some people were I'm sure, wary and untrusting of any sort of paper currency or receipt exchange system that preceded paper money.

Pandacentricism will be our downfall.

It's too bad this post is based on a deception

Bitcoin did not crash that day. One of the main bitcoin exchanges (MTGOX) got hacked and the hackers dropped the price to a penny before the moderators shut down the site. All the trades of that day were reversed. The lowest bitcoin got to after the bubble of 2011 was $2.50; not a penny and especially not zero. There were a ton of complaints that the buyers of the failing price did not get to keep their coins.

Yes, Bitcoin is in a parabolic upwards trajectory which is bad new for any market. That is good reason to sell, but not because it had crashed because of poor security of a single exchange. The poor security had nothing to do with Bitcoin. Luckily, there are many more exchanges this time around.

“I’m fully diversified. I’ve got some under the mattress, some under the floor boards, some in the backyard.”

http://sgtreport.com/2013/03/

http://sgtreport.com/2013/03/bitcoin-ponzi-scheme/

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

Excellent video...

while the guy was posting the video bitcoins started to drop like a rock. :p

Down to $33....

.
~wobbles but doesn't fall down~

.... And....

It went back up past 40$ again. Please guys. Lets all now try to be as negative as possible. Including you peaceful. I want them to come down to buy more. Hey fishy check out bitpay and bit instant.

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

You said...

the word "crash" first. :D

The A/D chart here shows a large selloff:

http://bitcoincharts.com/charts/mtgoxUSD#rg360zczsg2011-05-3...

.
~wobbles but doesn't fall down~

nice!

nice!

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

Dammmmit you guys.....!!!!

Now Im really mad... They're actually going back up... at 42.00

I am seriously P***T! ;)

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

43.80 ):(

43.80 ):(

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

What Obvious Propaganda!

Simple math shows that Bitcoin needs to only grab 1% of of the existing trade to be valued at around $100,000 per bitcoin...

$40 is NOTHING. It could be at $100 later this week and I wouldn't even be surprised.

Here's a great blog post that mentions the Daily Paul's role in the price of Bitcoin!

Bitcoinfinger - BTC Price Speculation 101

I'm holding mine firmly, thanks.

HONEST RON 2012!
LEGALIZE LIBERTY!

Theres finally a crash happening right now...

Get ready to buy some MORE!!!

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees