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Dump coming dump coming dump coming...
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Bull trap or proper lift-off?
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Then you would be ruled by gangs or clans.
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Private property goes pari passu with the state, more specifically with its laws. No state, no private property, because in the wild might is right: if someone stronger than you points at your property and says "that is mine" you can do nothing but obey or be deprived coercively.
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Massive dump on Monday or early next week following the auctioned coins transfer?
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Disculpen todos, no se me ocurrió activar las notificaciones por correo y por esto no respondí.
Por los momentos es disponible el equivalente de 850'000 Bs.
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Greetings, I sell bitcoins for Venezuelan bolivars on LocalBitcoins, profile: PlacidaNoxFell free to ask further information through PM. Additional tag: bolívares |
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Do you think there's an imminent dump also considering the auctioned coins?
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What's happening to Kraken?
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[...]
In this case C is about $220, so the log-scale plot may straighten out only if and when the price hits $500 or so.
Time to buy? |
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we all need a holiday from time to time! a nice beach with crystal clear waters or a lake in the mountains...
speaking of which, took my dad & daughter to the beach for a bit of a paddle, ended up surrounded by 'lots' of different fish(es) we all giggled like it was magic - it kinda was. bought 12 more coins when we got home, and ate calimari. Nice to see someone expressing their common humanity and decency. Little moments with dear loved ones like you just described are all important for remembering the really important things in life. Thanks for sharing. Not as nice as seeing someone who's steadily buying his way into poverty (and his beloveds'). |
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"Bitcoins, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the miners which produce them." -David Bitcardo
I wonder when economics finally slams into this pile of nonsense. Most likely within a couple of years, perhaps less. |
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This other chart highlights the US economy recessions along with the stock index:  |
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Economists have know for 500 years that a currency must have some inflation, otherwise people will hoard it and it will not be available for use as a currency. During the past 500 years, there were long periods of effectively zero inflation where economies boomed. In the industrial revolution in Britain, for example. Also, I don't think there was such a thing as an economist 500 years ago. Gold and silver coins kept the price for a pint steady as a rock for hundreds of years. So steady  Until 1900: gold/silver standard. 1900-1933: gold standard. |
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It's a little bit like calling Alchemists scientists. In any case, I would like to hear which 16th century mind argued for inflation, especially as currency was specie. Economists now are still in the Alchemist stage. Its mostly just pseudo-science. I can't agree more. It's still the best branch of knowledge we have about the subject. People here fail to realise that all the economic considerations of Stolfi are strictly mainstream and found in any textbook. |
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So how do you rationalize advocating the concept if you won't support it with your own money?
You still don't get it? The purpose of a currency is not to be an investment. If someone has to make some payment for which XCoin would be the best choice, he should buy as much XCoin as he needs and spend it. If some merchant thinks that accepting XCoin would give him 1% more profit, he can accumulate the XCoins that he gets for a couple of weeks (a 2% per year loss will not be significant) and then either sell them, or use them to pay other XCoin-accepting entities. If someone earns a substantial amount of XCoin that he does not intend to spend in a couple of months, he should use it to buy some more profitable investment. That is how a currency is supposed to be used. Answer the question. Stolfi has his own agenda... he is NOT going to answer any of your questions, unless he can put a proper spin on the topic and to adequately deflect. To the extent that there are material undermining of his position, he frequently ignores responding to the substance of those kinds of posts. The issue is that you don't understand what a currency is or ought to be. You guys are all deluded. |
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So how do you rationalize advocating the concept if you won't support it with your own money?
You still don't get it? The purpose of a currency is not to be an investment. If someone has to make some payment for which XCoin would be the best choice, he should buy as much XCoin as he needs and spend it. If some merchant thinks that accepting XCoin would give him 1% more profit, he can accumulate the XCoins that he gets for a couple of weeks (a 2% per year loss will not be significant) and then either sell them, or use them to pay other XCoin-accepting entities. If someone earns a substantial amount of XCoin that he does not intend to spend in a couple of months, he should use it to buy some more profitable investment. That is how a currency is supposed to be used. Margaritas ante porcos. |
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Is there a thread which follows the price movement attended by less cognitively-impaired people?
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