I would call that selective quoting of a notion of inflation.
I meant no inflation after the QE, as anyone paying attention would conclude.
Go see the figures on real GDP grow.
I'm not going to lower myself to return your compliments. But next one, you are going directly to my ignore list.
QE is inflation by definition. The currency supply is inflated. This results on higher prices on goods and services. Nope. You're missing the full equation just like the other guy. Look at Japan, same thing, zero interest rate policy, QE, it's been this way for over a decade. Look at Japan's inflation:
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You don't know what is inflation.
End of conversation from my side, write alone, couldn't care less.
funny i seem to be dead on target with what inflation is even citing the very definition of it.. but yeah... you're probably right... {sarcasm intended} You probably have to go anyway and check in with Janet Yellen... she needs her lapdog... You have part of the definition correct. An increase in the money supply is part of the equation but the part you are missing is the velocity of money.
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Hey Og? want to bet with $50,000 i track your scamming ass down?
I already know who you are!
Goat, I will sit down with you. No tracking necessary. okay, but only after you return all the funds you scammed. you do realize you risk jail for the crimes you have done? You basically said you'll pay a large sum of money to hunt him down and now he says he'll sit down with you for free. To which you add additional qualifications? Sounds like you're in it for the drama, otherwise take it off the forums and meet the guy face to face.
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I understand it as an atificial pump from bitstamp or someone else, there were many large purchases on the high price for no reason, no big deal dish accepting bitcoin...Someone(s) so wealthy to make this pump would be schooled enough to know he was buying on the wrong momment.
If someone is pumping it doesn't matter if he buys high so long as someone else buys higher. Bitcoin despite the progress is still a relatively illiquid market making it easy to manipulate if you have a lot of $$$. And this belongs in speculation.
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It's mainly the savers who get burned. A low interest rate environment not only allows for the taking of higher risk but also necessitates it as the rate of return on "safe" investments fall below inflation.
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The printing money post is getting old.
Just about everyone not living in cave already know it.
then i suppose that means that 299 Million Americans are living in caves! Because other countries aren't doing the same?
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The first thing you should do is figure out what your monthly expenses cost, then keep at minimum, six months worth in something highly liquid (like your savings account). Since you seem to have a good amount of cash, you might want to bump it up to a year.
Next, how old are you? Do you have anything saved up for retirement? Look there if not.
After that, diversify. You said you're already comfortable with your Bitcoin holding so I think you're on the right track looking at property, stocks, etc.
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In the immediate future, the exchange rate of Bitcoin can increase as a result of this. (The value of the USD will decline, as the trade volume is lowered. And proportionally, the BTC vs USD exchange rate will increase).
I don't think this deal is significant enough to make much of an impact on the value of the USD. The actions of the Fed over the coming months and years will be much more relevant.
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Baby steps. I mean can we at least get rid of the penny?!?! I mean seriously, if it can't buy anything, and no vending machine accepts it, get rid of the damn thing already. Even Japan, they have a 1 Yen coin. 1 Yen, what the hell can you buy with 1 Yen? At least that coin feels like a piece of plastic, the penny costs way too much to manufacture. And don't even let me get started with Canada. Oh fuck you Canada and your loonie and toonies. Nothing worse than being a man, buying something from the store, and getting a half pound of coins as change.
If you find 1909-1982 pennies you can arbitrage it. Collect them and sell it for the copper weight I seen the old man on Pawn Stars do this, had like 500 pounds of pennies hidden Same with old quarters or war nickels but those are pretty tough to find these days. I know places sell junk silver but is there anywhere to even sell pennies?
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Baby steps. I mean can we at least get rid of the penny?!?! I mean seriously, if it can't buy anything, and no vending machine accepts it, get rid of the damn thing already. Even Japan, they have a 1 Yen coin. 1 Yen, what the hell can you buy with 1 Yen? At least that coin feels like a piece of plastic, the penny costs way too much to manufacture. And don't even let me get started with Canada. Oh fuck you Canada and your loonie and toonies. Nothing worse than being a man, buying something from the store, and getting a half pound of coins as change.
Not that bad. Use a card to minimise change, or be accurate with your payment. If you give them 3 $100 for a $10 item, no wonder they give you change. They also give you like 7 coins, and those together are less than an ounce... Why would you give someone 3 $100 for a $10 item? When you have $1 and $2 coins, any change under $5 is going to be ALL in coins. It's plain stupid. I carry a wallet not a purse. I know why they do it (coins last longer than bills) but it's still really inconvenient. And you don't think a 1 Yen coin is fucking dumb? Seriously, give me one practical use for it other than throwing it in a fountain and making a wish.
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Baby steps. I mean can we at least get rid of the penny?!?! I mean seriously, if it can't buy anything, and no vending machine accepts it, get rid of the damn thing already. Even Japan, they have a 1 Yen coin. 1 Yen, what the hell can you buy with 1 Yen? At least that coin feels like a piece of plastic, the penny costs way too much to manufacture. And don't even let me get started with Canada. Oh fuck you Canada and your loonie and toonies. Nothing worse than being a man, buying something from the store, and getting a half pound of coins as change.
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Why didn't the OP just sell the iphones and get an android phone again?
Blows my mind why one would destroy their own property worth hundreds of dollars, then beg for money when they could've gotten it a better way...
I think the consensus is: because he's a moron.
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I think it's difficult to list out pros and cons of a service when most people don't have access yet but lets not act like Coinbase has been all that perfect either. There's been numerous accounts of people getting the "high risk" flag when they purchased BTC as it was skyrocketing up, making it a little suspicious as the transactions were not honored.
We just have to wait and see, I think more than the insurance thing, Circle's profitability model is what I question most right now. If they charge no fees and need to keep 100% reserves, I don't see what's in it for them.
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Lets just fast forward to the end of this game shall we?
Everyone who posts gets the following PM:
Congratulations! I've chosen you as the winner! Please click on the link below with the .exe file that will hack all your BTC! Thanks for playing!
Jaded I know, but seriously how many of these "giveaways" are legit? 1%? Just be careful folks, especially the newbies, this is one of the oldest forum scams.
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eBay... the Company that called Bitcoin the currency for "hackers and scammers" or something to that effect not long ago.
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So has this site even been launched yet? It looks like they're still planning on sending out invites but nothing is up and running so far or maybe only to a limited amount of beta users? I'll wait until it's actually up and running to judge.
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After watching the video, a couple of comments. One, I'm glad they force people to use 2FA. That alone should greatly decrease the chance of an outside hack on users. Second, is this really a storage service? It seems like your fiat is only converted to Bitcoin when you spend it. Essentially you take away the volatility risk because if you deposit $100, it remains $100 until you spend it rather than instantly converting to Bitcoin at the current exchange. What I can't figure out is how these guys make money. There has to be a fee or a spread somewhere.
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...especially since the guy who created it has run off.
Hmmm... quite similar to say.... bitcoin Bitcoin was first to market and was therefore afforded certain "snafus" if you will. NXT is in heavy competition with a ton of other 2nd gen cryptos. NXT can't afford to have the same sort of things happening. The sooner the NXT fanbois realize this the better.
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BFL is a fraud, they basically funded all of their orders with pre-order money. In other words, they had nothing but claimed they did and only after receiving money under false pretense did they eventually get mining hardware out.
But every person who has been around here for a while knows this, I'm sure this is catered to all the new nabs to Bitcoin looking to get rich quick. There sure are a lot of them around.
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