Not sure if this is bad news or good news, at least its communication.  I'm flipping a coin, its a positive    I have withdrawn various alt coins, last batch was some DOGE.  I presume its all locked down now till the dust settles on whatever happened  \_(ツ)_/¯

Does anyone know the deal with cryptostocks which also was listing the cryptsy royalty shares; it appears to be dead and gone with customer funds.   This site is linked to the vircurex exchange which is still up, would cryptostocks failing have any negative effect on cryptsy business or funds availability?  I presume cryptostocks did not hold any money for cryptsy so its not a knock on loss scenario.


I have withdrawn most funds from cryptsy just by using alt coins, there were people in chat advising which but also you pay a bad price and you are losing something by withdrawing this way.  Of course the best advice is do not store large funds with exchanges which do not separate out customer funds and my own advice is generally dont carry all eggs in one basket

Thanks yea I have old accounts there.  I used HYP to withdraw,  DOGE froze on me but theres a few coins that work.  BLK is slowly dripping amounts, many coins probably work small amounts only, I think cryptsy just need time to get back liquidity.   The guy who runs this site is a solid guy, Im sure he'll do the hard work when he can get it back online fully

Reducing costs that could be, if the landlord said it was unpaid then thats something else.  Its easy for scaremongering, hopefully they'll provide some information or timescale to get past the problem but people are prone to just jump to the worst conclusion which I cant blame them for but doesnt mean thats true either

vircurex is still working then, are they still run by the same people.   Thing is the stock should not be reliant on the exchange for value so its not quite as bad as when coin exchange with deposits fails in service

I dont think its GOX type accounting failure and coverup but clearly they have much work to do

Whats the best alternative exchanges to cryptsy at the moment or long term.   I owner has problems over a divorce case, his wife trying to confiscate customer funds for alimony which sounds unlikely to be legal

Bitcoin doesnt have to grow, it could nothing at all but retain value.  Just doing that would surprise many and alot of savings are put into gold which has no ability to grow as just a metal it sits there where the world changes it does nothing but retain value presumably.

As dollar constantly lose value, bitcoin would appear to rise but gain no advantage and nothing close to a successful business investment

In any healthy economy there has to be a two way system, give and take, demand and supply for any value to be built up.  People just dreaming on this seems like, its obvious dollar is top at the moment and theres a long history leading up to and supporting its position.  Even while they waste that legacy there it is, dollar has good reasons and bitcoin does not have any of that to support it so it might be well used in future but it wont be dominate I'm sure!

Credit cards charge the retailer two or three percent which does affect you the customer.  Anything which costs a business does then cause higher costs to the customers of that business, its pretty much a law of commerce that this happens.   If credit cards are expensive then the prices are higher then need be, so if bitcoin lowers costs then you get businesses which can bring you lower prices.
  It could help an entire economy, thats not really an overstatement so far as I can tell.   Same for transport costs, I dont pay them direct but if its cheaper then a supermarket, transported foods or any long distance product can also become cheaper.   Good economies usually revolve around efficiency and the cheapest way to create and distribute a product, hence mass marketing mass production is a modern phenomena.

The low fees for international money exchange and free uncapped movement is a big deal for bitcoin, in time it might be the most important factor that gives it success (and I presume a higher price). 

Not sure about that, I was thinking about blackcoin which is proof of stake and is pretty fast to confirm transactions without alot of processing.   I know the type you mean though, the extremely fast coins have problems maybe due to network latency and conflicting confirmations.

Another point for bitcoin would be security, the credit card is so widely recognised it can be as dangerous as holding cash.  Though in theory security rests with the operating company, it can cause alot of trouble.  Bitcoin of course isnt credit based, its more segregated and liable to cause more trouble to criminals then its worth their bother to steal  (of course any website which collects details and holds centrally the bitcoin has to be aware they are a great target)

In the OP top chart, his bottom indicator goes negative despite the price rising.  Or simply noticing the volume dropping off even as price velocity is increasing would seem to suggest a weak move.  Or an alternative more bullish point of view is that all good moves must be tested over time and repetition before a greater rise can occur

^^ blesphemy  

Pretty deep for a meme thread but trends do exist in any natural phenomena.  A free market is liable to trends as human action in total, an economy even is a natural phenomena.    (modern economic teachings argues economies are just political pawns as i understand it)

I dont expect your theory or suggested trend to be proven without many tests first though.   So the drawn straight line is likely to be breached not precisely a marker of the bottom.   The eventual recovery and containment above that upward trend line would then confirm itself.   Usually they have to zoom out to weekly, monthly or quarterly data points to reduce the significance of shorter term noise.

If nothing else, trends are 'noisy' data here because the value of dollar and bitcoin even underlying changes every day.  Dollar obviously has inflated value and bitcoin varies also despite its proposed known total


#myfirstmeme


http://www.zerohedge.com/news/2015-03-27/santelli-stunned-janet-yellen-admits-cash-not-store-value

There is an economic index called after the mcdonalds burger, on the premise that burgers or food at least are an international measure of inflation or montary worth so I guess the OP is asking a reasonable question.
http://www.statista.com/statistics/274326/big-mac-index-global-prices-for-a-big-mac/

This pizza order was the first, labelled at $750,000  Im not sure now what its value in bitcoin paid would be

https://i.imgur.com/Nb93uwe.jpg


The one I remember as a newcomer was this pizza which I think cost 1 bitcoin or $432 now





So 10,000 sat pizza has a long way to go at only worth now 4 cents

Capital controls would be a big thing to encourage use of bitcoin.  Does China have wide spread cheap power from hydro ?  I thought they required lots of coal and lacked natural oil and had to import it all.    
I know they have the worlds largest dam linked to hydro power, a reservoir so massive it altered the rotation of the earth or so I read

http://www.businessinsider.com/chinas-three-gorges-dam-really-will-slow-the-earths-rotation-2010-6?IR=T

Bitcoin will never replace money like dollar has dominated world trade.   I mean do you really want to duplicate a system which caused this much harm, I think its far more natural that a variety of currencies will replace dollar with all types and variations across the world.   Maybe bitcoin would be the main one online but I think gold and possibly national currencies also are saved offline.

Ive read several times that to replace Dollar with be the IMF currency and that is SDR and also fiat based.   When that blows up we may finally have money linked to trade or a non fiat based solid standard not replicated by one interest

I thought the answer to China would be they are the dumping ground for all the exported dollars.    They export goods and are forced to link to dollars by their government, a natural link would have their money raise in value so benefiting all common citizens.    I think possibly the poor are most burdened who have to contend with Chinese currency linked to dollar, at least within the USA you are paid from government but all these other 2nd tier countries track dollars when they do not produce them

Politics as the bastion of morality makes me chuckle, I hope thats not our last chance.   Not sure if its mentioned, here is misses institute lecture on the decline of the Roman standard primarly silver based originally and then just a mirror of a chaotic empire.

Audio link on there, I wish all history was this well transcribed https://mises.org/library/inflation-and-fall-roman-empire

Venezuela is linked to the oil price which hasnt been this low for a decade or more.  Meanwhile the dollar is worth far less now then it was previously so its a double loss for them, suffering financial loss both from Washington politics and the Saudi oil flood.   Neither condition will exist long term but its enough to wash out the innards of weak countries in favour of outside powers, this represents the oppisite of the governments politics which is nationalism.  So basically we are seeing a failure of everything Venezuela relied on.    

Negative as it is, it demonstrates why bitcoin could be useful independence for many people in many nations from dollar influence and even from wider global issues such as cheap oil or cheap goods from China wiping out local labour and industry concerns.   Ive no idea if Venezuela has an internet structure but it'd very useful right now I think

Iam probably disagreeing with everyone here but both gold and bitcoin are currencies and so not really investments by themselves.   If you start a business which deals in bitcoin, that this is investment and also you are linked to the fortunes of bitcoin success as no doubt the business increases as customers who use bitcoin increase in number. 

Just by itself holding plain dollar notes isnt a qualified investment in anything and I dont think that applies to other currencies either.  It may be linked to the assets of a country or the primary operations in a country but dollars are probably even below a commodity as it can be duplicated.  Gold is a commodity of course and we say bitcoin is capped in its total number so arguably its a commodity but not an investment