This page has been archived and commenting is disabled.

Bitcoin For Brownstones: You Can Now Use Digital Currency To Buy New York Real Estate

Tyler Durden's picture




 

Having doubled off the post-PBOC-ban-and-Fed-Taper lows, Bitcoin, trading at USD910 currently is becoming increasingly ubiquitous as a payment method for many businesses. The latest, as NY Post reports, is Manhattan-based real-estate broker Bond New York, is "using Bitcoins to help facilitate transactions." With overseas money-laundering as a key support, and Manhattan apartment sales setting a record in Q4 for volume of transactions (+27% YoY), we suspect the acceptance of Bitcoin will merely ease the Chinese (or Russian) ability to transfer funds directly into NYC housing - blowing an even bigger bubble.

 

 

 

Via NY Post,

The bitcoin has gained a foothold in one of the hottest business sectors in the country: Manhattan real estate.

 

Bond New York, a Manhattan-based real estate broker, has started accepting the digital currency for real estate transactions, The Post has learned.

 

Bond New York believes it is the first real estate brokerage firm to accept bitcoin.

 

“Real estate brokerage is a service industry,” said Noah Freedman, a co-founder of Bond New York. “Our job is to make real estate transactions easy for our customers. Bitcoins are just another mechanism to help people facilitate transactions.”

 

Several larger real estate brokers are not sold on the idea and have no plans to set up bitcoin accounts any time soon.

 

“We don’t accept them, and we have no plans to accept them,” Pam Liebman, CEO of the Corcoran Group, said Friday. “We prefer the American dollar.”

 

“Bitcoins could be here today and gone tomorrow,”

But it is that perspective that could indeed be lost on the burgeoning foreign interest in moving money overseas (into US real estate)... (as we noted in September)

In August 2012, when isolating one of the various reasons for the latest housing bubble, we suggested that a primary catalyst for the price surge in the ultra-luxury housing segment and the seemingly endless supply of "all cash" buyers (standing at an unprecedented 60% of all buyers lately as reported by Goldman) is a very simple one: crime. Or rather, the use of US real estate as a means to launder illegal offshore-procured money. We also identified the one key permissive feature which allowed this: the National Association of Realtors' exemption from Anti-Money Laundering provisions. In other words, all a foreign oligarch - who may or may not have used chemical weapons in their past: all depends on how recently they took their picture with the Secretary of State - had to do to buy a $47 million Florida house, was to get the actual cash to the US. Well good thing there are private jets whose cargo is never checked.

But now, with the acceptance of Bitcoin, we would imagine the "funds" transfer process is even easier... blowing what is already a bubble... (via Bloomberg)

Manhattan apartment sales surged in 4Q, setting a record for yr-end transactions, as prospect of rising interest rates and prices pushed buyers to make deals before purchases became costlier.

 

Sales of condos and co-ops jumped 27% from yr earlier to 3,297, highest 4Q total in 25 yrs of record-keeping, according to report from Miller Samuel Inc. and Douglas Elliman Real Estate

 

There’s a concern that homeownership will be more expensive and therefore the time to act apparently is now,” said Jonathan Miller, president of Miller Samuel

 

...

 

Median price of Manhattan transactions that closed in 4Q climbed 2.1% to $855,000

Into an even bigger one...

 

 

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sun, 01/05/2014 - 01:26 | 4301165 digi
digi's picture

And even more importantly, no permission necessary. You can't be prohibited from transacting by bullies who don't like you or your business.

Sun, 01/05/2014 - 02:40 | 4301226 MeelionDollerBogus
MeelionDollerBogus's picture

Sure you can.
Find all IP packets on a subnetwork containing what looks like bitcoin and any particular destination and/or source IP.
If you feel like being less picky ignore the source & destination.
DELETE.
Done.

Sat, 01/04/2014 - 16:15 | 4300136 Dre4dwolf
Dre4dwolf's picture

Honestly, bitcoin with all its flaws is still better than dollars.

Its a step in the right direction.

Sure it aint no gold or silver (all the glitters tis no gold), but you can't argue with results.

As far as a decentralized non-monopolized currency goes, bitcoin is the clossest thing to that.

 

U.S. Dollars are just too centralized, one shitty corproation gets to print as many as they want while everyone else goes into debt servitude to "serve the master".

Its just a fucking scam from the get-go.

Sure Bitcoin is a ponzi scheme, but the FED is an even bigger one, and one that has managed to enslave the country with multi-generational debt!

So what if a few thousand people become "bitcoin millionaires", better than having these banksters as trillionares while everyone losses all they worked for their entire life to pay back a fraudulent debt to a fraudulent bank that never had the money to lend out in the first place.

 

 

Honestly, the millennial generation owes it to themselves to cast off the chains of debt servitude their forefathers have cast upon them in the forms of scams like "the fed" "social security" "pensions" "taxes".

That shits all a scam, we don't need that shit, every generation should be responsible for its own debts and should pay their debts as they go, not borrow more right before they die and promise that their great great grandchildren will pay back the fraudulent debt with 1000% interest!

Fuck that.

 

I see a generational war coming, between bitcoin millennials vs boomer debt child enslavers.

 

Sun, 01/05/2014 - 01:33 | 4301169 digi
digi's picture

Would you mind pointing out why it is you think bitcoin is a ponzi scheme? Anyone who has made that argument so far has either refused to provide any reasoning or they cast such a broad net as to define everything as a ponzi scheme including all real world physical commodities. As for the war, those types of wars generally end with the side who is freeing the slaves winning. Helps to have an ex-slave army on your side.

Sun, 01/05/2014 - 02:33 | 4301221 MeelionDollerBogus
MeelionDollerBogus's picture

Easy. Pointed it out many times myself before, maybe you missed it.
http://flic.kr/p/iFQMoV
Volume goes down as price goes up. Volume spikes on prices slamming down.
Bag-holders are being baited in by the FOMO, fear of missing out, and then they are left at the top with a giant -50% loss.
those baiting them make off with the money they really want - dollars.
The only way bitcoin stops being a ponzi is if fiat exchanges cease to exist & the majority of goods around the world in every city are priced in bitcoin.
That's it.

And yes, even real-world objects can be in a ponzi. So long as the price is in a currency and that currency is in an exponential rise with the sole purpose of putting a person at a loss in order to make a profit, never to see those highs again and always to use the currency as money instead of the commodity - it's a ponzi.

The only way it can't be a ponzi is if there's no bag-holders, no one is seeking higher and higher prices, there is no speculating trading at all. None.

That's it. SO long as there's speculation trading to force people into high prices never to see gain ever again, it's a ponzi. The definition of a ponzi is that you need more people buying in to drive revenue so a few at the top can exit WITH THE PROFIT. Anyone lower can be paid only from those LOWER THAN THEM. Ponzi.

Look it up. Bitcoin fits the definition nicely as do diamonds (a commodity, but not rare, only pretend-rare, especially considering they're just carbon & can be made by us using compressed gas now, with no mining at all).

Sun, 01/05/2014 - 02:53 | 4301235 TheHound73
TheHound73's picture

If there are no exchanges and you wanted to participate in the Bitcoin economy but did not have any BTC currency, how would you acquire it?  Ditto for gold.

Fri, 01/10/2014 - 02:15 | 4318482 MeelionDollerBogus
MeelionDollerBogus's picture

by selling goods & services for btc, same as I do for dollars. I don't get those from an exchange.

Sun, 01/05/2014 - 02:36 | 4301225 SilverIsKing
SilverIsKing's picture

People need to be educated about bitcoin in order for them to appreciate what it is and what it can be.

I will be first in line for class even though I own a few BTC already.

How does one transact using BTC?
How does one take the coins offline?

I have not seen one good website or post explaining what a BTC is in layman's terms and how it functions.

More vendors are now accepting BTC. Yippee. Now how would someone go about transferring a portion of their BTC (splitting one) to the vendor as payment? Because this question has not been clearly explained, most just dismiss BTC as a scam that cannot work because it's hard to get ones head around it.

Perhaps if someone could explain how it all works, fuck the term wallet because that's a misnomer and doesn't properly explain wtf one does with their BTC when it comes to establishing and storing their coins in a wallet.

Sun, 01/05/2014 - 02:59 | 4301243 TheHound73
TheHound73's picture

<<How does one transact using BTC?>>

Get the address to send to, either as a string of characters or scan a QR code, type in the amount of BTC to transfer, then click the send button.  I bought  quisadillas using Mycelium Android wallet in Tokyo as reported in Wired magazine.

<<How does one take the coins offline?>>

Cold Storgage Guide

Basic Bitcoin Security Guide

Sat, 01/04/2014 - 16:14 | 4300138 Sufiy
Sufiy's picture


After The Crash: The Future of Bitcoin and Math Based Digital Currencies


The video in the beginning of this discussion is the great explanation of the Bitcoin. And history of Crypto-currencies development is nothing less than fascinating. But there is the progress and there is an idea to get rich overnight. These are too very different things.    We have the feeling that this entry will be at the right timing again. There is always another crash coming to Bitcoin. It is not the question of the technological advance presented by Bitcoin, but it is the nature of its created Bubble.    After our last entry Bitcoin has recovered from low of 2011 to the 4742 at BTCChina. Now another shake out could be coming - the volume is going down dramatically as Bitcoin price is moving up. By the end of January China's ban on currency withdrawal will be in place. You can make your call when the next wave of selling will begin. It is quite interesting that Gold price is moving strongly up last few days with the new money being allocated to Gold. China encourages its citizens to accumulate gold and bans Bitcoin for its financial institutions. Will 2014 become the year of Great Rotation from Bubbles and into the real assets?

Just few headlines in the recent Bitcoin Bubble history:

 

http://sufiy.blogspot.co.uk/2014/01/after-crash-future-of-bitcoin-and-ma...

Sat, 01/04/2014 - 16:15 | 4300139 gwar5
gwar5's picture

If more Bitcoins = less Fed then it's good thing.

 

Sat, 01/04/2014 - 16:20 | 4300146 CH1
CH1's picture

Yup, that's the point.

Sun, 01/05/2014 - 02:28 | 4301218 MeelionDollerBogus
MeelionDollerBogus's picture

Then how come it's not working?

Sun, 01/05/2014 - 02:26 | 4301217 MeelionDollerBogus
MeelionDollerBogus's picture

But we can clearly see it doesn't mean less Fed. Not by any means.

Sat, 01/04/2014 - 18:00 | 4300158 One And Only
One And Only's picture

Interesting program I found recently regarding bitcoin is chainsnort, which can be read about and downloaded here: https://bitcointalk.org/index.php?topic=373490.0

In streaming realtime you can see every single bitcoin transaction on the blockchain. It's interesting seeing transactions totaling tens of millions of dollars occuring with almost 0 transaction cost, and they aren't uncommon. Largest one I've seen is 33,000 bitcoins, but you can regularly see 5,000, 10,000, 15,000 bitcoin transactions. It's almost unbelievable but I've verirfied all the larger ones I've seen at blockchain.info.

If you've ever watched level 2 quotes chainsnort is a similar experience.

If large companies don't think real money is flowing through bitcoin I suggest they check it out. People are using bitcoin, experiencing the benefit of i. lower transaction fees and ii. generating business from bitcoin enthusiasts. If you don't accept bitcoin you're the one missing out (it's free to accept bitcon as a merchant so there is no investment to lose) Shit is real and you're missing out.

Here is a pic I just took of 12,000 bitcoins being sent ($11,700,000) as seen on chainsnort.

http://imgur.com/h3hmTE5

Sat, 01/04/2014 - 19:34 | 4300464 zipit
zipit's picture

FYI: Some (a lot?!) of that could be window dressing.

Sat, 01/04/2014 - 20:03 | 4300530 One And Only
One And Only's picture

You can verify it all on the blockchain (as I've stated)

On blockchain.info type in the wallet address over on the search bar (top right).

So when you see a transaction on chainsnort, copy the address, and head over to blockchain.info to verify it. Those transactions (or transfers) are actually happening.

Sat, 01/04/2014 - 21:57 | 4300804 TheHound73
TheHound73's picture

Zipit means that I might have 5000 bitcoins and am sending them around some of my own 10,000 different addresses for the fun of it.

Sat, 01/04/2014 - 16:36 | 4300169 verbot
verbot's picture

Verbot.exe...loadmem..mem loadsarc..sarc..loadwit...module missing press any key to continue...

I know I can get the dyson sphere catching a supernova to crack the 256bitencryption here...I love that story.. all those bits at perfect temperature being moved at once by the dying scream of a stellar mass..

I will be running the crews scraping off all the gold and heavy elements off the inside when its over...

So when does all the players admit this is just a homebrew wire service and play that role..get the coins out in circulation and make the fees in the open. ..all this speculation has the same effect as the charges from "fiat" based banks by inflation of cost to use service..

I want to hear one of you big players (I know you are here) to discuss why a secure unit of transfer can also be the value and still satisfy the needs of folk to use it as currency. 

Itis literally a "vitual boxcar" on a free form track to be filled with value and then safely unload the value elsewhere so how can it have value beyond what is put in to transfer. One way or the other you are "westernunion" or you are "minting" your own tokens. To get paid for both functions still brings the values in line with other options?

Sat, 01/04/2014 - 16:50 | 4300185 rubiconsolutions
rubiconsolutions's picture

"I want to hear one of you big players (I know you are here) to discuss why a secure unit of transfer can also be the value and still satisfy the needs of folk to use it as currency."

Is this big enough for you? Not sure you'd want to hear what they have to say however.

Sat, 01/04/2014 - 22:12 | 4300835 TheHound73
TheHound73's picture

<<why a secure unit of transfer can also be the value and still satisfy the needs of folk to use it as currency. >>

There are 12 million BTC in existence.  All Bitcoin economic activity that does occur must take place inside that stack of BTC.  For instance I may be using mine for speculation and store of value (ooooops, so frickin' sue me), others may be buying dinner, real estate, or drugs.  The value can and must inflate to support the underlying activity/demand.  BTC Market cap is currently at $10 billion.

Sun, 01/05/2014 - 02:23 | 4301214 MeelionDollerBogus
MeelionDollerBogus's picture

your BTC is +50% or -80% at any given time.
That's not a store of value. You know that. We all know that.

Sun, 01/05/2014 - 02:39 | 4301230 TheHound73
TheHound73's picture

The value I have stored in BTC is up 550%.  Boohoo, so frickin sue me.

Fri, 01/10/2014 - 02:16 | 4318484 MeelionDollerBogus
MeelionDollerBogus's picture

depends what day it is. Soon it will be -5% then -50% then -90%.

You're looking for bag-holders.

If btc was doing so well without new bag-holders you wouldn't pump it at all.

Sun, 01/05/2014 - 01:39 | 4301180 digi
digi's picture

You may as well ask how a random baby is going to play in the NFL. No one knows yet, it's far too early. Many would agree with you that right now a large proportion of bitcoin usage is in speculation and western union type transfers. There's nothing wrong with that, think of it as a bootstrapping method. A non forced currency coming into wide circulation is not at all a common thing, it will take time if it even does work. It's a voluntary system to participate in vs the other option that works on threats and mass theft by the operators.

Sat, 01/04/2014 - 16:51 | 4300186 verbot
verbot's picture

For the record I did recently make a competing currency called verbucks.. everyone was issued theirs this morning so check around for them we put them so you can find them easy.. dont be alarmed they do take on different sizes and shapes..

But you guys are bitcoin rockstars and I had to ask and act up a bit On the big stage so not trolling just asking....

Sat, 01/04/2014 - 16:49 | 4300189 Al Capowned
Al Capowned's picture

Comparing a decentralised virtual currency to a plant bulb is the hight of stupidity #tulip tards

Sun, 01/05/2014 - 02:16 | 4301206 MeelionDollerBogus
MeelionDollerBogus's picture

The comparison is 100% valid until the pricing of bitcoin in fiat dollars, euro, yen, stops.
When all goods are priced in btc and btc is never priced in fiat, then the tulip comparison can end.
Until then it's tulip-mania ponzi-monium.

Sun, 01/05/2014 - 03:03 | 4301246 TheHound73
TheHound73's picture

Goods won't be generally priced in BTC until market saturation and adoption has run it's course or at least stabilized somewhat.  Too volatile for the time being.

Fri, 01/10/2014 - 02:19 | 4318491 MeelionDollerBogus
MeelionDollerBogus's picture

pricing goods in btc is the #1 removal of volatility. If btc was converted to loaves of bread & vice versa & never to dollars the volatility would essentially be zero as a RESULT. The primary DRIVER is WHAT you price it in.

You're thinking backwards.

So long as you wait for volatility to go down FIRST it will in fact never happen.

You must use GOODS as the priomary driver always to remove volatility.

No currency has any value, or any stability, when it isn't used primarily for GOODS. That's the PURPOSE of a currency is a proxy for the GOODS. Food, hammers, pills, whatever, the longer you put it off the worse the volatility becomes until finally people refuse to ever touch btc.

I'm just smart enough not to try in the first place because I understand the full pattern, whereas you still have it backwards in your head. You can't put the cart before the horse. The goods MUST be first, the fiat must be last or never, or the currency is ruined BY volatility, not despite it. It CAN'T settle down.

The volatility of bitcoin has been on a steady INCREASE every single week it's been used since it started. Not ever has it gone down nor can it: the fiat exchanges are the CAUSE and the pricing of goods with removal of exchanges is the ONLY cure.

Sat, 01/04/2014 - 16:56 | 4300192 Kirk2NCC1701
Kirk2NCC1701's picture

BTC + PM + Barter = Parallel Economy

Parallel Economy good. Fed Economy bad.

Sat, 01/04/2014 - 17:00 | 4300205 verbot
verbot's picture

Rubicon I am sooo ready to hear what is to be said..  this is a study of the old form of currency and the psychology of it attempting to translate into a realm of new realities.

 


 Old curency is based on scarcity so the model attempt to fufill that..But aal is infinite with no limit to amounts or real need to "work" to be paid in the new world.. look at snap cards paychecks etc... so the arguments and insights add to the understanding of why we need to have money at all..Bitcoiners dont see that side as folks learn money Iis just a number that can be sent to them for stuff....verbuck..find yours yet? 

 

 

 

 

 

Sat, 01/04/2014 - 18:00 | 4300286 rubiconsolutions
rubiconsolutions's picture

"Old curency is based on scarcity so the model attempt to fufill that.."

The total value (as of 12/30/2013) of all crypto currencies is $19 Billion. The equivalent in USD of $59 per man, woman and child in the US....or $2 for every man, woman and child on the planet. I'd call that scarce. And a fair amount of that is in the hands of a very few people....early adopters, geeks with server farms and of course the FBI. I'm all for competition, repealing legal tender laws and eliminating the government / banker monopoly on money creation. If people want to use African trade beads then it would be fine with me. But this crypto currency thing doesn't make sense to me. The secrecy and technology component makes it pretty unapproachable to the average person who just wants to go the market and easily buy a gallon of milk and loaf of bread.

Sat, 01/04/2014 - 19:29 | 4300456 zipit
zipit's picture

They will have an app for that soon. They actually already do, it's just idiot-proofed yet (and may never be, but they never stopped a lot of things).

Sat, 01/04/2014 - 17:15 | 4300222 verbot
verbot's picture

I feel the last game in town is to be able to issue your own credits on your own system..all the big guys been doing it since wyoming or utah got the law changed for the creditcard companies about exportation of interest rates...

So the hobby guy doesnt need a bitcoin till he needs one and theminers et al just been making it expensive for anyone else to play "railroad tycoon" with the "transfer" protocol labeled bitcoin

Sat, 01/04/2014 - 17:28 | 4300238 One And Only
One And Only's picture

http://imgur.com/a/urvM1

Classy response.

Sat, 01/04/2014 - 18:01 | 4300289 TaperProof
TaperProof's picture

ZH nailed this one...   "dont ask dont tell" real estate sales and bitcoin combining to make it even easier to launder money into real estate = bigger bubble.

Sat, 01/04/2014 - 18:06 | 4300304 Godisanhftbot
Godisanhftbot's picture

 bitcoin is the iomega of the 21st century

 bitcoin is the bre-x of the 21st century

 you know how they ended, right?

Sun, 01/05/2014 - 02:05 | 4301200 MeelionDollerBogus
MeelionDollerBogus's picture

um, Iomega spent many, many years being a very useful provider of useful storage devices. There was nothing better at the time. CD-RW's weren't in every machine (I was there, I remember), were expensive & every computer had a parallel port so it was easy to bring a stack of zip disks & perhaps even use a printer-port switch to use many computers in turn.

Sure, better things came out but not for many, many years.

Comparison to useless bitfailcoin is really not valid.

BTC won't last nearly so long & has never had a tangible backing, useful service, of any sort. It's pure ponzi.

Sat, 01/04/2014 - 18:10 | 4300305 Godisanhftbot
Godisanhftbot's picture

 even if btc has merit, it's no better than any other money laundering scheme using the same tech,

Sat, 01/04/2014 - 18:23 | 4300329 Donewidit
Donewidit's picture

Relax goldbugs...

Sat, 01/04/2014 - 19:47 | 4300331 Donewidit
Donewidit's picture

Relax goldbugs...if this plays out, by 2020 gold will be at a 1:1 ratio with the Dow.

http://static8.businessinsider.com/image/4f6317fcecad042d5f000008/chart.jpg

Sat, 01/04/2014 - 18:23 | 4300333 Donewidit
Donewidit's picture

can i add a jpg to my comment? how?

Sat, 01/04/2014 - 18:29 | 4300345 Spungo
Spungo's picture

I still remember when I was playing kickball with Lucy Snorebush. That bitch had an ok face but her body was bangin. I broke into her house one night and ate her pussy on bitcoins. 

Sat, 01/04/2014 - 20:01 | 4300545 scatterbrains
scatterbrains's picture

I'm visualizing a bitcoin cock licker chained to a guardrail having one finger at a time clipped off with a pair of bolt cutters until he gives up his memory stick / cock code / digital pixey fuck all / what ever it is,  by a bunch of gold thugs with guns pressed against his temples....and before you can down vote me FUCK YOU!

Sat, 01/04/2014 - 21:37 | 4300746 Musashi Miyamoto
Musashi Miyamoto's picture

lol

https://xkcd.com/538/

How would said gold thugs find Bitcoin owners identity? If "bitcoin cock licker" does his due diligence he would be adequately protected.

Sat, 01/04/2014 - 22:20 | 4300833 Cabreado
Cabreado's picture

Perhaps Violence and BTC together will be the solution to our woes?

Sat, 01/04/2014 - 22:21 | 4300866 Apostate2
Apostate2's picture

Robocoin is opening bitcoin ATMs in Hong Kong and Taiwan this month. Li 'Superman'Ka-shing (property developer and 'richest man in Asia') is investing in the service side. Seems RE investment and bitcoins are like soap and water.

Sat, 01/04/2014 - 23:49 | 4301029 q99x2
q99x2's picture

Told you. Bitcoin is good for CIA black budget operations, Oligarch money laundering, Political donations, Personal freedom and Kerry's family drug running operations. It is also the Libertarian's dream come true.

Bitcoin was sent from God as a gift for all humankind to partake of.

Long live Bitcoin

Sun, 01/05/2014 - 01:45 | 4301185 MeelionDollerBogus
MeelionDollerBogus's picture

may as well unload any btc on hand http://flic.kr/p/iFQMoV before the giant flushing sound takes over and there's no bid.

 

Sun, 01/05/2014 - 03:09 | 4301249 TheHound73
TheHound73's picture

Thanks, Mom!  You've been so right in the past...

Fri, 01/10/2014 - 02:22 | 4318494 MeelionDollerBogus
MeelionDollerBogus's picture

I have. My daily gold prediction charts - plotted MONTHS in advance - were within 4% every single day from 2010 to 2012. The only major deviation happened 2012 jan briefly and 2012 April - the big big drop - which was in fact the very day I sent the charts showing the 2 years of precise prediction to the twitter account for the Federal Reserve.

Not ever in history have I seen ANY ONE PERSON ever get as accurate as I did. I searched hard & when no one could do it I got tired of that and did it myself.

It was based on time-series trending sinusoidal patterns & exponential repeating curves in the rate-of-change indicator with specific time-windows like 437 trading days or 270 trading weeks or 131 trading days & so on.

Sun, 01/05/2014 - 05:31 | 4301317 Vincent.Eugene....
Vincent.Eugene.Rothschild's picture

Why the hell would I buy income-diminishing real estate in the middle of tax-hell (NYC) when I can purchase income-producing operational farm lands and estate lots at Galt's Gulch Chile, or convert a portion of the inflated BTC proceeds to PM's?  Very definition of insanity, doing something NOT in ones own self-interest.

Sun, 01/05/2014 - 05:31 | 4301318 Vincent.Eugene....
Vincent.Eugene.Rothschild's picture

Why the hell would I buy income-diminishing real estate in the middle of tax-hell (NYC) when I can purchase income-producing operational farm lands and estate lots at Galt's Gulch Chile, or convert a portion of the inflated BTC proceeds to PM's?  Very definition of insanity, doing something NOT in ones own self-interest.

Sun, 01/05/2014 - 13:36 | 4301860 sixbilliondollarman
sixbilliondollarman's picture

SHIT COIN FOR SUM SHIT CITY! count me out...how about Fed Notes for some Detroit? That's a trade!

Here Reggie..Bitcoin derivatives yer working on...here's two new trading scams to add:

Instead of USDJPY

or

BTCJPY

 

SHTNYC [sorry not shitcoin] I mean:

BTCNYC [Bitchcoin vs New York]

or..

FRNDET

federal reserve notes vs detroit house...both valued @ 1$ currently.

garbage bullshit markets every last CORZINED one of them.

The is no financial integrity in these markets since.

 

Sun, 01/05/2014 - 13:36 | 4301861 sixbilliondollarman
sixbilliondollarman's picture

SHIT COIN FOR SUM SHIT CITY! count me out...how about Fed Notes for some Detroit? That's a trade!

Here Reggie..Bitcoin derivatives yer working on...here's two new trading scams to add:

Instead of USDJPY

or

BTCJPY

 

SHTNYC [sorry not shitcoin] I mean:

BTCNYC [Bitchcoin vs New York]

or..

FRNDET

federal reserve notes vs detroit house...both valued @ 1$ currently.

garbage bullshit markets every last CORZINED one of them.

The is no financial integrity in these markets since.

 

Sun, 01/05/2014 - 14:30 | 4301952 Sufiy
Sufiy's picture


"Gold 3.0": Want to create the next Bitcoin? This website makes it easy – too easy

 So much for the "Gold 2.0" and new store of value - Bitcoin's value proposition is fading away by the day. It is not so anonymous as a lot of people think, it is not so easy to transfer, scams around Bitcoin are happening daily in more and more forms. Banksters are entering the game if they were not there already from the very beginning. And NSA prints are all over Bitcoin according to some reports on SHA256. But now you can have your own Gold 3.0 - just chose the name. OK, maybe for you it will be difficult to compete with pumpers of Bitcoin, but JPMorgan or FED can easily do so. It is very interesting to note that China has effectively banned Bitcoin from any authorised financial transactions, but FED is not so restrictive at least now - so who is really behind it now?

 

http://sufiy.blogspot.co.uk/2014/01/gold-30-want-to-create-next-bitcoin....

Do NOT follow this link or you will be banned from the site!