Title: Secret: Bubbles are caused by excessive leverage. Post by: Endless Light on April 09, 2013, 07:34:01 AM How much debt do you think is pumping bitcoin up? That is the million-bitcoin question
Title: Re: Secret: Bubbles are caused by excessive leverage. Post by: Kazimir on April 09, 2013, 07:40:44 AM Posts: 1
Obvious troll is obvious. Title: Re: Secret: Bubbles are caused by excessive leverage. Post by: Kluge on April 09, 2013, 07:58:30 AM Posts: 1 Troll or not, the Bitcoin price is extremely reliant on debt right now. On BitFinex alone, there is over $600k loaned out right now with a 2-day average duration, compared to a mere 477BTC w/72D avg. duration. Keep in mind, the current lowest APR on BTC loans is 1799% (not a typo!). Obviously, putting everything on a credit card would be much cheaper, and I'd be surprised if there were fewer people turning to leverage markets than CC companies at this point for USD to make leveraged BTC buys.Obvious troll is obvious. Title: Re: Secret: Bubbles are caused by excessive leverage. Post by: Jace on April 09, 2013, 08:03:40 AM Troll or not, the Bitcoin price is extremely reliant on debt right now. Actually, the EUR and USD are almost entirely reliant on debt in general. So yeah, that doesn't change whether you buy cars, houses, food, or bitcoins with them.Title: Re: Secret: Bubbles are caused by excessive leverage. Post by: Kluge on April 09, 2013, 08:05:52 AM Troll or not, the Bitcoin price is extremely reliant on debt right now. Actually, the EUR and USD are almost entirely reliant on debt in general. So yeah, that doesn't change whether you buy cars, houses, food, or bitcoins with them.Title: Re: Secret: Bubbles are caused by excessive leverage. Post by: Endless Light on April 09, 2013, 09:02:12 AM Troll or not, the Bitcoin price is extremely reliant on debt right now. Actually, the EUR and USD are almost entirely reliant on debt in general. So yeah, that doesn't change whether you buy cars, houses, food, or bitcoins with them.Not a significantly large amount. It could be worse. Title: Re: Secret: Bubbles are caused by excessive leverage. Post by: b!z on April 09, 2013, 09:27:24 AM Bitcoin is not a bubble, it is a snowball and it's just getting started
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