Internet down = Bitcoin Doomsday
This internet things become the major risk for bitcoin.
Gox cause $ 1200 to $ 800 , Internet Down forever will cause Bitcoin $ 0 aka dust
And that's why it's not wise to invest all of one's wealth into bitcoin. If the internet going down is the only risk with investing in bitcoins, I would gladly take it.  |
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This would be a PR disaster for the bank.
Market share will be dropping, I presume.
That will create a significant rumble in banking history Hopefully the regulator steps in with a strong message to the bank. |
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Not all countries have a "weak local currency" currency policy. Some will let the currency freely float against other currencies regardless of what the market does. The only currencies that will have the problem of being too strong are countries that have net exports as their currency will naturally get stronger as they sell products overseas, bring the profits home and buy the local currency.
The problem is what happens when other countries manipulate the foreign currency exchange rate. Do they still follow an off-hands policy or do they intervene in the market? |
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QE ending implies that the US economy is going up.
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Gold for long investment >10 years .Why ? small profit but im sure gold price will always up every year.
BTC for short investment < 2 years.
People usually think the other way around. No matter what might happen in the short term, bitcoin is going to massively rise in the long term. |
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So 2014 is definitely not the worst year for bitcoin.  |
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there is no real way for them to know you own any unless u withdraw them to your bank where they can trace it
If they had a warrant to monitor your ISP account and you were not using a VPN (or if you were and they also had a warrant to monitor your VPN account) then they could potentially see when you would push a TX to the network. Or if you were to order a physical good to be shipped to your house and pay in bitcoin then your address and name would be linked to the fact that you at one point owned bitcoin If you are a holder, then keep holding and don't worry about the government. |
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Bitcoin can't survive without internet. Bitcoin is linked with internet.
Indeed , but think about it, this whole scenareo is nuts, there's no way humanity would survive without internet, if internet goes down it can only mean something really fucked up happened. So not even Gold will survive, only weapons and food and clean water. This is not true. Russia is planning on potentially trying to shut off the internet in Russia in the event of civil unrest. The world has survived for a very long time without the internet. The economy would be much less efficient, however it would not mean the end of the world The world has survived for a very long time without electricity. I don't think any of us could imagine such a scenario today. |
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"Ecuador to Launch the World's First Digital Currency"
I don't think they know the meaning of the word "first".
Ecuador "to Launch" the World's First Digital Currency. And they haven't even done it yet. |
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They are helping the miners because they are paying TXs fees in blocks that are not full so the miners get more revenue then they otherwise would be able to get. The massive number of outputs they are creating has caused their "spam" to be received and noticed by a lot of people so they are getting a good amount of attention. I would approach them with caution as I would with any other business that I would need to trust my bitcoin with
Thank god transaction fees are not very low. It still doesn't seem to deter some people from spamming the blockchain. |
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Fractional reserve is legalized theft. Period.
Fractional reserve levels (mandated by the government) prevent thieves from getting greedy. |
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I don't get it why he doesn't see facebook as an opportunity. Facebook will not get much further or higher than its current state but its certainly not dropping as well. As for gold can't say much as it is on downward pressure mainly due to hints by the feds that interest rate hike is in store pretty soon. For bitcoin, regardless of what others said I still hanging on to it.
I will be hanging on to bitcoin as well. Gold has its ups and downs, but the volatility (and possible return) on bitcoin is much more. |
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Was just going to say that. China is a superpower. They always have been. Orwell didn't cite Euraisa and Oceania for nothing...  China is a superpower, whose power is increasing. The US has reasons to worry. |
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This is strange that this king of great news didn't push the price up.
What do you think about that ?
When the bears are in action, good news can't do much. |
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Bitcoin shares a number of characteristics with gold. Both are limited in nature, both are created by a process of mining
Satoshi would be willing to create the digital gold ?
Gold has lasted for centuries as a store of value. Hope bitcoin does the same. |
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If your currency is depreciating, you may export more nominally but what about in value?
If your currency is depreciating, the inputs you use to produce your product are going to increase in price (nominally) so you will have to increase your price
Your employees are going to need increased wages since the prices are going to go up in the country, if they don't, the fact that the currency depreciated is bad for the employees thus for most people
You just have to see how much China has benefited from having an undervalued currency. |
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It means they want a piece(money) of the action.
Therefore governent wants to mess things up again. They usually intervene to stop start depreciation/appreciation of the home currency and decrease volatility. |
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Bitcoin tumbles—are investors losing faith?http://www.cnbc.com/id/102061051
Bitcoin lost nearly a fifth of its value over the weekend, raising concerns that investors are losing faith in the cryptocurrency.
Prices fell to a year-to-date low of $290.83 on Sunday, down over 18 percent from early Saturday, according to bitcoin news blog CoinDesk. Analysts are citing a number of factors for the decline: bearish chart signals; ongoing regulatory concerns; large sell orders by some early adopters; and a shift in the supply/demand balance. |
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Nice to see that it isn't fully a doomsday story.
"For anyone complaining about the current price of Bitcoin, remember it has more than doubled over the last 12 months." he wrote. His message was accompanied by a graph of values from exchange Bitstamp, which showed this time last year the Bitcoin was worth about $120
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Isnt it funny that aircraft felt in UKRAINA, was MALAYSIAN, and supposedly downed by RUSSIA. And blackboxes end up in England. Which is today like american colony. And isnt it funny, that USA is funding Ukraina with money and military to fight russians, but media act like it is conflict between Ukraina and Russia.  They never mention America, proshenko is on pohone with Obama daily, american politicians are in Kiev every week they are telling them what to do, they demand sanctions...they are 80% of what is going on, but media act like it is only between Ukraina and Russia. Russia denies any active involvement and claims that the conflict is between Russian-speakers and Ukraine. To that extent, both sides are hiding behind a facade. |
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