Is there some maths to help people understand this?
1 / 1000 = 0.001 |
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Thank you! I have added your guide to the original post. I feel honored  . |
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I almost used kalyhost, but in the end decided for cinfu. No problems so far.
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so after the recent fiascos with LIF.A / B / C and most GLBSE listed stocks showing zero to no trading and a devastating curve, I have liquidated ALL my assets there.
i believe you are the only one who still maintains a profitable business.
can you please post the revenue / dividends of the past few weeks and your current projection, as well as the number of shares, owner structure? might be that I'd just put all the remaining eggs in one basket. you just need to give me a reason other than "do it".
cheers!
MergedMining and FPGA.contract are happily paying dividends. I'd call at least these 2 a "profitable business" (these are the only ones apart from BitCoinTorrentz I follow). The yearly ROI of both is currently around 35-38%. I have my own mining thing going on, so mining isn't interesting for me to invest in. Sorry, should've said that. well, I was answering to you saying "i believe you are the only one who still maintains a profitable business.". maybe you really meant to say: "i believe you are the only one who still maintains a business that might be interesting to me"? |
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so after the recent fiascos with LIF.A / B / C and most GLBSE listed stocks showing zero to no trading and a devastating curve, I have liquidated ALL my assets there.
i believe you are the only one who still maintains a profitable business.
can you please post the revenue / dividends of the past few weeks and your current projection, as well as the number of shares, owner structure? might be that I'd just put all the remaining eggs in one basket. you just need to give me a reason other than "do it".
cheers!
MergedMining and FPGA.contract are happily paying dividends. I'd call at least these 2 a "profitable business" (these are the only ones apart from BitCoinTorrentz I follow). The yearly ROI of both is currently around 35-38%. |
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How many troops did the US deploy for its war against Libya?
+1 I've been arguing in the favor of the op here. Actually I don't think there will be an "invasion" in terms of ground troops actually invading, that would become a bloody mess pretty quickly. But I guess there will be war... actually one could argue there already is (scientists murdered, currency attacked, embargo,...) |
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They have been caught lying in the past and hold positions that are beyond the pale for a nation-state.
This is true for the US. |
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My God I got so utterly wiped out by that crash and have a severe negative balance now! I had a few very pessimistic low buy limit orders and the crash made things a whole lot worse!
Was fun for a while but I lost so much more than I had gained in the last couple of months! A major warning on margin trading with such a crazy market!
The forced liquidation is a nightmare! I would have gained big time as it's already recovered now, well above my target price! But instead I got forced into a loss of several thousand percent! I can't even mention the amount that was worth! I feel like I paid for their liquidity problems personally! Anyone else?
The forced liquidation is necessary. Otherwise: who would cover even greater losses? You are being lent money to speculate with. Should you speculate badly, the emergency brake has to be used at the point where your own funds are still sufficient to protect the lender's money. If you don't want to get liquidated, you can always use your own money. Oh, and if it werent for the "crazy market", you wouldn't have gained so much in earlier months, right? Maybe I misunderstand something, though... |
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I think free money could compete (and win), but the important thing is that we agree is the free market and not us to decide.
I, for one, agree. |
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Bitcoin prices have just broken out above the 200 d moving average.
8$ mas not be of big resistanceand 10 $ is not far away.
I don't know about what triangles or breaking averages mean, but I know bitcoinica is out of USD on mtgox, that says to me: don't buy into this "rally" prematurely. |
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an here we go again, "no reserve" on my buy orders
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BTW Detlev is really cool, he knows his stuff, I emailed with him several times in addition to talking to him at the conference.
Detlev indeed is awesome. I now finished his book and it turns out he's quite a "revolutionary guy" if I may say so. The contrast between his appearance/way to talk/rigorous analyzing and the content of what he's actually saying (fuck the state, free market economy for the win, commodity money is great, etc...) is refreshing. I found the quote that led me to confuse interest with time preference: Interest is, first and foremost, simply the ratio of the value assigned to present goods over future goods. We can think of the interest rate as the discount rate at which the two values would be equal. Interest is therefore a ratio of prices, not a price in itself.5 5 is: Ludwig von Mises, Human Action, p. 526. slightly earlier he talks about time preference: Because even in such a society every person would certainly value the same good or service differently depending on whether it were available today or only at a later point in time. This is called time preference and is an essential component of any act of valuation. I'm still a little confused, I'd say that time preference means the fact that someone values something higher at an earlier point in time and interest is the ratio of the two valuations (now and later). |
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As of October 2009, gold exchange-traded funds held 1,750 tonnes of gold for private and institutional investors. - http://en.wikipedia.org/wiki/Gold_reserveCurrently the value of bitcoin is worth roughly about the same as 1 tonne of gold does. 38.6% of all bitcoins have been mined already. So all bitcoins that will ever be produced are valued today the same as what 2.59 tonnes of gold are valued (ignoring factors like future gold production levels). 1% of all gold ETFs would be 17.5 tonnes. So if bitcoin were to be substituted for just 1% of what gold ETFs represent, the valuation would need to increase about 6.7 times, or about a BTC/USD of $42. 2 things I see wrong with this arguing: - gold is undervalued itself
- the 1,750 tons some people playing monopoly with have are not all the gold that's out there. you're not talking only the bitcoins that are stored at exchanges either, so that's unfair. let's say all gold is something like 175,000 tons
So if bitcoin were to be substituted for just 1% of all gold and the gold-price rose 10-fold, the valuation would need to increase about 6,700 times, or about a BTC/USD of $42,000. |
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Remember when the economy crashed in 2008? A LOT of people freaked out and moved to bonds when their portfolios lost half their value. They locked in their losses and only made back a pittance on small bond returns, ...
exactly, you don't loose anything when the value of a commodity you hold on the exchanges drops, you loose when you sell them at that low price. "Hold on to your hat and bitcoins and prepare for a wild ride" (something I might have heard back in summer), might turn out to not have been such a bad idea in the end. |
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For example after the gox hack, I held on to my bitcoins, thinking: "Fundamentals still sound, these idiots just dont get it, bitcoin will come back, I stay long". Instead I should've thought: "These idiots will keep selling for a while, I better sell 50% and buy back in when the mood swings up again". This is a good example. While I am not entirely sure the gox hack was the reason for the trend reversal, at least I agree that the argument makes sense. Yeah, it surely wasn't only the gox hack. the mybitcoin fiasco, people lossing money, malware showing up and bad press ("bitcoin is dead") in general. all the doomsayers. idiots in forums, it just drew the whole crowd down, friggin' lemmings jumping off cliff. |
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Hi,
The first coins you send to BitPak take a while to show up. Just leave BitPak on overnight and it will catch up, Once BitPak sees its first coins, it's relatively speedy thereafter.
Don't hesitate to contact me if you have any issues with BitPak.
overnight? dude, this clearly needs clarification. My app has been sitting in the foreground since my last post (at least 12 hours) and the "downloading blocks" progress-bar hasn't moved a fraction at all. This clearly does not meet the standards of the apple fanboys I know. |
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Hey guys,
I'm currently reading Deltlev Schlichter - Paper Money Collapse.
He offers an interesting definition of interest I never heard before and I thought I could drop it in here.
He defines "interest" as the ratio between the subjective value assigned to some good in the present to the subjective value assigned to the same good in the future.
That's called the 'time preference' of money, and is uniquely Austrian. Thanks for the info, I might've read this wrongly, will check. |
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