Blythe Masters? She seems to be going to great lengths to explain that she is interested in the blockchain, and not Bitcoin. |
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There is a lot of paper money in this world and they can't simply ban it so paper money will be same in the future also
Yes, they can. Do you remember how the Euro was implemented? Similarly, fiat paper money can be replaced by digital money, if the government has the will. |
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price may go up once people stop leverage buying simply in order to dump for quick profits. the market cant absorb the dumps of these leverage traders.
The bubbles if any will pop since bitcoin will need more long term holders who arent paying interest everyday on loans that are used to purchase bitcoin temporarily (and thus pressure traders to close positions quickly).
co-ordinated pump and dumps designed to overwhelm the market still seem to pose significant problems for bitcoin.
Coordinated pumps and dumps are just noise (in relation to the true market price of bitcoin). Look for the underlying trend, beneath the noise. |
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Liquidity also seems to be pretty thin. The volume might be a function of that. |
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X Mas huh... I would say $283.  |
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I see the brief pump to 249 has now permanently turned into a full retreat back down. In the short term, we will see 235. I expect we will settle down around 225-230 again and will stay in the range for the duration.
You will have to quantify short term. Do you expect the price to go to $235 in a week? or in a month? Without quantifying, talk is cheap.  |
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I think practically its impossible that bitcoin will down to a such price, there are many big players who are holding a fortune in bitcoin, early adopters will save us if the price fall too much, they are not only dumpers but buyers also, they are the big portion of the demand. Now put all the merchants that are using bitcoin and which are experiencing a good gain with bitcoin and you have the perfect space for a business that will not die so easily.
If early adopters are still holding to bitcoins, they really won't be able to provide support. People though Bitcoin wouldn't go below $500, then they thought it won't go below $400. You know where the price is now. |
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I haven't read something about the lost of us dollar of the monopoly of the oil trade. Even in internet, doing a search, is not appear nothing. You give only words and not some link which can give facts that your words are true.
Iran did export oil all these years, in spite of the best efforts of the US to prevent it. |
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When the exchange really gets off the ground, and the institutional money starts flowing in, you can expect an uptick in the price. |
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No sooner did Bitcoin try to cross $250, there was a pullback. The target of 260-270 has to overcome quite a bit of resistance. |
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I highly doubt it. There economy fundamentally requires their yuan to be weak as they largely depend on exports
Their economy is right now dependent on low cost manufacturing, geared towards exports. This should change once the labour force becomes more skilled. China is already facing competition from South East Asian nations. When this shift occurs, China will no longer feel the need to keep the Yuan weak. |
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There is EU and Euro Zone,EU is good thing,Euro is shit.One central bank for all indpendent EU zone countries
Your money in hand of strange people who decide about your country.Euro is political project to make Europe like USA is,but it is turning to be EU of Germany
There will always be states which are stronger than the rest. Even in the US, there are states which have a larger role (in terms of number of allocations in the electoral college). It is but natural to have the strongest state dominate in an union. |
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The drops will be always with us lol, but in generally i hope to see it that the price will increase.
Ups and downs but at the end the price to be more than it is now. (~240 USD)
Maybe we will reach again ~$200 but it should be also a jump.
We seem to be in a (modest) uptrend now. $220 would be a support level. |
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Low volatility ensures that people who enter Bitcoin now don't do so with a "get rich quick" attitude.
This would be more sustainable in the long run.
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Well it might be illegal in the US, but I don't think it's illegal in Europe. For example, Satoshi Labs, the people that are making Trezor, are offering to sell Trezor just in bitcoins and they are based in Czech Republic, in the EU.
To add, I think that the best way to earn bitcoins is to offer services or sell goods and get paid in bitcoins. This can only benefit the Bitcoin economy.
I am not sure about Satoshi labs, but this is what I could get on the internet. http://ec.europa.eu/economy_finance/euro/cash/legal_tender/index_en.htmWithin the euro area, only the euro has the status of legal tender. This mean that in the absence of an agreement of the means of payment, the creditor of a payment obligation is obliged to accept a payment made in euro which subsequently discharges the debtor from his payment obligation. Yet, contractual parties are free to agree to use in transactions other official foreign currencies with legal tender status in the state of issuance, e.g. the Pound Sterling or the US Dollar. The same applies to privately issued money like local exchange trading systems (e.g. voucher-based payment systems in certain communities) or virtual currency schemes (e.g. Bitcoin).
The Q&A which follows this has an interesting point Can a retailer refuse payments in cash at all times?
- Payments in cash should be the accepted rule. This should only be refused because of the 'good faith' principle - for example, if the retailer does not have enough change From what I understand, Satoshi Labs might not have the option to refuse to accept Euro. |
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My country currency has devalued more than 500% i have to live with this all the time.
The most common thing that people do to protect themselves from this is to use another currency (United States Dollars)
or to buy tangibles like cars, real-state, gold or basically anything else.
That's why lot's of people who lives in countries with high inflation like Argentina and Venezuela are looking into bitcoin.
500% in what time frame? That is hyperinflation, making currency worthless. In such scenarios, people prefer to hold any object (gold would be nice, but in times of scarcity, even consumer durables would do) rather than hold cash. You will be losing value every day that you hold cash. |
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In international politics the unveiled NSA spying has at some point been thought about by most every government. With that kind of intrusion by foreign states already in their conscience, why couldn't the political atmosphere there support an efficient economic monetary approach using bitcoin.
Would a collective partnership of sovereign countries whose taxation and economic policies are similar, but for whatever reason not effective, consider an International Reserve Bank type package based on the blockchain? Is anyone already working on this, and if so how do I get involved?
The EU has shown that if you have a monetary union, without a political union, problems are bound to crop up. Countries like Greece which could have benefited from fiscal stimulus and depreciation of currency don't have the room to implement it. So countries will be wary. |
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whoever said bitcoin will be worth $100k on one day is nothing more than a dreamer living in a fantasy world. predictions up to $5K are also high, but not that unreasonable. $100k is beyond insane.
Ok so then Wences Casares, Roger Ver, Erik Vorhees,Winklevoss boys, the world economic forum and many others are all dreamers and live in a fantasy world.You know what? I live there too.   The names you've mentioned are selling you the Brooklyn Bridge. You're the guy buying it. Big difference. They have invested in Bitcoin. It is not like their holdings just got generated one day. So yes, I would say that their faith in Bitcoin is not just mere pretense. |
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marry a rich man/woman ,
This advice, I like. Instantaneous get rich scheme. However, not everybody is so lucky. |
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I am not really sure about this, but are you legally allowed to refuse fiat?
Fiat is legal tender and not accepting it in a store might get you into trouble, depending on the jurisdiction involved.
I do not think there is any legal issue when we refuse to accept fiats. It may be up to you, if you have wide range of payment acceptance, you may get more business than you stick with only one payment system. Are you sure about this? There may be some legal aspects of refusing to accept legal tender. http://www.treasury.gov/resource-center/faqs/Currency/Pages/legal-tender.aspx |
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