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If the velocity of money (bitcoin) increases a lot, then bitcoin black holes may not have any effect.
It is the equivalent of one person hoarding coins - shouldn't affect the price when the velocity is very high.
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The bets on blue are insane. But one x0.2 can destroy all that.  |
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Sounds a lot like buying trust to me. |
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Fair enough. New users should know about the risks and safety precautions to be taken while using bitcoins. A lot of central banks have expressed opinions similar to this. |
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They are just killing time for the inevitable: a debt relief.
That is a foregone conclusion. In the end, at least some of the debt has to be written off. Without that, how do you expect the Greeks to pay back this huge amount? Their total population is just 11 million (and rapidly declining). The troika is only damaging its own chances of getting the money back, by saying that it will not allow any change in the clauses. If Greece has a small budget surplus (as one of the conditions was), they can chip away at the principal. But the government doesn't even want to agree to this. |
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Greece's problem is not a currency problem, Euro is a pretty strong currency, one of the major world reserve currencies, Greece's problem is about debt, corruption and incompetent politicians.
It will be converted to a currency problem, if there is a Grexit. That is what is driving the speculation about Bitcoin. |
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I have little doubt that US dollar is going to crash... crash really hard. I don't know when, perhaps not the next 5-10 years... but it will happen, and all the other fiat will follow. The result will either be world war or the build up of a new monetary system. In case we don't all die, then will gold,silver and digital currency play an important role in building up the new system.
It seems that you are confusing cause and effect. The end of many fiat systems had been a result of a preceding war (e.g. the spectacular destruction of the Weimar Republic monetary system after WWI). Needless to say that the present-day monetary system was established in 1944 when the end of the ongoing war was near while its results were abundantly clear... So what you preach for may actually turn out to be nearer than you contemplate, though not in the order you assume In today's context, a world war is unlikely. Countries have too much to lose by going to war. The US, however, might attack any country which is an irritant. Suppose the Sauds decide they want to price oil in Euros, they won't last very long. |
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The Greek Government's gamble with the future of its country / Europe doesn't seem to be working.
The IMF and Germany have hardened their stand. A Grexit doesn't seem so unlikely now.
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They are shitting their pants because bitcoin is covering a niche which tradition systems like mastercard cant offer and when bitcoin gets the backing of a major government know they are fuckd.
Actually, they want Bitcoin to get the backing of the government. They want onerous regulation on Bitcoin so that it doesn't succeed. |
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It's going to be amusing if we'll hit THE bottom in November or December around 70$. He would then be wrong by almost 4 orders of magnitude.  A lot of people have got it wrong (in both directions) Remember the professor who predicted $10 bitcoins? |
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Maybe if bitcoin becomes very popular perhaps the elites in power now will stage some type of blackout and send themselves 50% of bitcoin?
You're obviously mistaken about what a 50% attack can do. Sending 50% of bitcoin to themselves is not what the evildoers could achieve by staging a global blackout. Double-spending attacks, well, possible, but there would be no targets to launch them at. There'd simply be no one to accept those double-spends. Receiving 100% of the block rewards for the time of the blackout? Absolutely. That's somewhat less than 4000 BTC per day of the global blackout. 4000 BTC/day in comparison to the huge negative impact on economy during the global blackout? Well, no one said powerful elites were smart. But stupid like that?  edit: typosCan't the government just spend a bunch of money and overtake the Bitcoin mining world with a 51% attack? Is it really worth the cost/effort? Bitcoin is not such a big threat.... yet. |
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Banks alone can not stop the BTC but national governments and financial institutions can, with restrictive laws and financial regulations.
I hope that such scenario will not happen.
It is really only the government which can (if anybody can) try and restrict the adoption of Bitcoin. The problem is financial institutions have huge lobby groups out there trying to influence the government. We don't have anything close. |
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Max Keiser: Banker Suicides ‘Likely to Increase as the Fiat Bubble Continues to Implode’Max Keiser discusses raising over US$1.5 million, who the number one basher of Bitcoin is, and why bankers’ arrests are needed if he becomes the economic advisor to the Mayor of London. Max Keiser, host of the Keiser Report, and Simon Dixon, an ex-investment banker, have raised over US$1.5 million from 710 backers for 50% of their new venture capital fund Bitcoin Capital. The project on the equity crowdfunding platform BnkToTheFuture.com surpassed its funding goal by over a half a million dollars. http://cointelegraph.com/news/114532/max-keiser-banker-suicides-likely-to-increase-as-the-fiat-bubble-continues-to-implode A fiat implosion will hurt common people more, actually. If you look at the meltdown in 2008, people in the financial industry were affected, but they managed to bounce back. Stock prices recovered much more quickly than housing prices. The bankers had their money in stocks, while others had invested in real estate. |
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Enrolling for advertiser
16EpLTWyjcJatFunQhb3yyHngd15UPSKbC
545 posts
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Searching for information on Bitcoin on google.... I am glad I discovered this forum. |
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You think those originally involved are being pushed aside? Wait till Wall Street really gets involved.  |
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Well, if you do prosecute the top management of banks, think of how the market would react.
You would be creating the very shocks that you have been trying hard to avoid.
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Sometimes i feel Greece case is so much martketed in media.Portugal already rejected any EU financial help,thay have huge debt,but his debt stop to grow,and now more and more investors are coming there,just becouse thay are EU,IMF free
The problem is not just huge debt. There are other factors like - Debt becoming due - Investors not trusting the government - Lack of a concrete plan to tackle the debt crisis. Sure, there are other countries with such problems, but Greece seems to be on the top of the pack. |
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martingale really worked for me but I usually stop when getting to a profit of 50% because if continued surely eventually lost
With Martingale, you are supposed to stop when you get to a profit. And then start over again, with the lowest possible bet. |
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Just what I was hoping for: Wall Street'r "recognition" of Bitcoin. Brought to you by the same guys that crashed the US economy in 2007.
The NYSE didn't cause the 2007 recession, that downturn was caused by mortgage companies, realtors, and greedy homebuyers who wanted to buy more house than they could afford - the primary culprits in the 2007 recession. Let's try to keep the facts straight! The mortgage companies are definitely culpable, but who sliced and diced mortgage loans, packaged them and sold them to gullible investors? Wall Street definitely played a role in screwing Main Street. |
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