Longterm, QE will drive all prices up, not only Bitcoin's. Inflation is increasing in all developed countries. But inflated prices are not equivalent to more wealth. Increased purchasing power is what we want. That won't come from QE, it will come from bitcoin adoption.
ya.ya.yo!
QE essentially screws retired folks, who have invested their life savings in debt to get a steady return on income. No. Most retired folks have home which they can still keep refinancing to strip the equity. And since the refinancing rate is still low, this actually benefit them. People have an emotional attachment to their homes. Not all of them are ready for a reverse mortgage yet.  |
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I don't see bitcoiners switching to mobile payments on i-phone 6. |
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It's a nice thought, but economically speaking, even if massively adopted, BTC couldn't save a country from bankruptcy. A currency that they cannot control wouldn't become the primary currency of a failing economy
Exactly,a country's falling economy has certain conditions,say political instability or due to ongoing conflicts.Adoption of decentralized currency wouldn't do any good Adopting a decentralized currency could calm some of the political instability. If the government cannot print money at will (and spend as much money via printing additional money) then there will be less reasons for corrupt politicians to try to come into political power in the first place. Corrupt politicians will just spend the money there is. You cannot dissuade them. |
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I like your strategy. With anything it's always wise to buy to make a profit so if you can buy bitcoins when the price is low and sell when the price goes up again you are in actual fact making a profit which is one way to help you invest more.
Not many have the discipline to carry out the strategy. Most people buy when the price is high and hoping for new high. And then they sell when the price is low to cut their loss. This is typical of the newbies trying to enter in the trade game, but they always lose part of their capital in this way. Buy and forget for a year. Try not to look at the price fluctuations (easier said than done) |
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Strong private property rights are the most important thing in an economy.
Strong private property rights will lead to strong wealth inequality and collapse of the system in final. History proved this axiom many times! Agreed, this is the general course of things, historically. The concentration of wealth entailed by private property needs to be enforced by a state, whether public or private. Violent upheaval is the usual result. It takes time for revolutions to begin. We have had some in our times (think of the Arab Spring). |
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I'll drink champagne when fiats collapse.
Paid for with bitcoin?  |
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That would be real pain in ass for a government to perform such a task.I mean whom you are gonna tax when you don't know until the person himself asks to be taxed
They will most probably set up information systems at all the exchanges... So that some of the money trail can be traced. |
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Late comers lose a great deal of money investing in altcoins and over paid for bitcoin.
You never know whether they overpaid or not. A couple of years down the line, they could be sitting on huge profits. |
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I wish I would have panic-sold my saving when the price dropped the first time at about 630...
We may still get there shortly. |
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Longterm, QE will drive all prices up, not only Bitcoin's. Inflation is increasing in all developed countries. But inflated prices are not equivalent to more wealth. Increased purchasing power is what we want. That won't come from QE, it will come from bitcoin adoption.
ya.ya.yo!
QE essentially screws retired folks, who have invested their life savings in debt to get a steady return on income. |
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It has become a bottom-fishing, really! The last rally or bubble, or whatever you want to call it, has proven to have failed. So now everyone's panicking and asking themselves where we're headed. At some point we'll have final capitulation and the real bottom will become apparent. Then we can go up again.
Good for newbies who have just discovered bitcoin. |
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20% in one day? Who on earth would bet on something like this happening?
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will America ever return to be as it was at the beginning of the 20th century?
Ah, the good old days -- when women weren't legally allowed to vote, right? When laws were skewed to favor white, male property owners above all others? I wonder if old white men from the early 20th century fantasized about a return to the days when they could legally own slaves as well.  Exactly. 100 years ago, gay and lesbian will not come out publicly to fight for their own right. Injustice will not be publish on newspaper. We are more free than ever comparing to the 20th century and people still complain. We should probably think about the 17th century. No nation states. No control on immigration. |
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There are a few people who could possibly live only on crypto trends. There are some coin devs, some pump and dump fanatics (yeah, those whales who crush your dreams of making a nice profit), those alt coin scammers, and of course, the one and only Satoshi Nakamoto (though we never know who he really is, it must be obvious that he also profits from what he has started). I don't think Satoshi's coins have moved, have they? Although some time in the future, they may help him live comfortably. |
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My vote for Dubai.  |
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I would say that gambling sites are generally illegal in the United States. Although the reason for being as such is nothing more then a technicality. It is illegal to gamble across states lines because states want to be able to heavily regulate and tax casino operations.
States try and tax as much as they can. Even Amazon collects state sales tax in a large number of states. Tough to implement that model in online casinos though.... |
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It's a lossing game if they want to regulate Bitcoin and apply taxes to items bought directly with BTC. They will literally go nuts trying to keep up with the pace. It is an objective waste of resources. Bitcoin will remain tax free for life, thats a fact.
I would disagree. Bitcoin will likely be treated the same way that fiat is treated when it comes to taxes. If someone needs to pay sales tax on something when they pay with fiat, they will need to pay the same sales tax when they pay in bitcoin. If a retailer were to not collect this sales tax then they would be risking more then it is worth to risk. I agree. Indirect taxes like sales tax / value added tax will be collected. Direct taxes like income tax (miners) and capital gains tax (investors) will be a little harder to collect. |
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If the ECB does QE then EU stocks will go up like US stocks did in their QE phase.
Going leveraged long on EU indices is a much safer bet than gambling on bitcoin price appreciation due to ECB QE.
The ECB has been implementing QE for almost as long as the US FED has been buying up US bonds as part of QE, just as the UK central bank has been doing QE (same with the Japanese central bank). There cannot be a winner in this "passing the deflationary parcel" game. http://www.economist.com/blogs/buttonwood/2011/08/global-economy-and-currencies |
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Fallling.. You seem to have different price targets in different threads. No consistency? |
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