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2341  Economy / Economics / Re: Facebook accepts Bitcoin? on: August 31, 2014, 01:53:42 PM
Facebook accepts bitcoin, that is good news, if it is true.

There is a question mark in the title.  Smiley
2342  Other / Archival / Re: Updated Overview of Bitcointalk Signature-Ad Campaigns on: August 31, 2014, 01:51:34 PM
Amazing thread, but most campaigns seem to be closed.  Cheesy
2343  Other / Beginners & Help / Re: Satoshi Nakamoto - The Creator of BTC on: August 31, 2014, 01:48:37 PM
Hey , please don't mind my stupid questions , but let's make it as Discussion thread
I know that the creator of the cryptoo currency BTC is Satochi Nakamoto , but is it true that he is Japonaise ? and anyone here knows him ? I mean the staff .
Iam not sure but I heard he was the creator of this forum also , so ...  Roll Eyes

HE is not from Japan, but from Europe most possibly from Germany or really close.

Really? I thought people didn't have a clue about his origins.
2344  Economy / Services / Re: BitFighting.com Signature campaign - earn up to 0.02 weekly on: August 31, 2014, 01:46:51 PM
Registration closed until new announcement.

You should probably update the thread title as well.  Smiley
2345  Economy / Speculation / Re: $10,000 when? on: August 31, 2014, 01:45:25 PM
It went down below 500 again, let it cross 1k then we'll think about 10K.  Smiley

Minor setback when you look at the larger picture. Smiley
2346  Other / Politics & Society / Re: Don't mess with nuclear Russia, Putin says on: August 31, 2014, 01:43:23 PM
I hate to say it, but it's WW3 time... It's imminent.. and this moment even China is displaying their arsenal of weapons to the world. All that will remain will be memories of a time of chaos, ruined dreams. Folks, learn how to prepare!

Seems like its stalemate if everyone has nukes.  We just end up with stronger set of borders until things change within each country.

Or blame things which happen on 'non-state' actors. An aircraft goes down in Ukranian air space and we still haven't fixed responsibility!
2347  Other / Politics & Society / Re: us is such idiot to hasten the demise of $ on: August 31, 2014, 01:41:13 PM
Gazprom has already started dealing in Yuan and Roubles.

http://www.ibtimes.com/russian-energy-giant-gazprom-wants-rubles-not-us-dollars-its-arctic-oil-exports-amid-1672302
2348  Economy / Speculation / Re: Bitcoin will plummet to $10 by first half of 2014 on: August 31, 2014, 01:32:07 PM
Pretty strange to see so many people happy about proving a 15 year old wrong on forums lol.

Funny looking at his last activity date though.

 15 year old? Where did that come from?
The post is about Mark Williams, a risk management and capital markets professor at Boston University
2349  Economy / Speculation / Re: There's your wall staring you in the face... Still no one buys on: August 31, 2014, 01:29:10 PM
May be the person who bought the btc from fbi auction is selling some and this is why the price is dropping  Huh

Draper was very clear about what he bought the bitcoins for. Definitely not to turn it around in the market.
2350  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 31, 2014, 01:27:02 PM
They will rather try to create their own crypto-currencies. Lack of control over bitcoin is a problem to them

Yes and yes.

But will these bank-crypto-coins gain traction (value)? Bitcoin is peoples money and I think it will be able to attract way more trust than those bank-coins.

Side-note: even if they are technically superior (eth?), they will have a hard time.

Looking at the reputation of our banks today, not being associated with them is a positive.  Grin
2351  Economy / Speculation / Re: The reason for a stagnating price on: August 31, 2014, 01:24:48 PM
Well, I guess the last bubbles got us pretty high, and with all the money that was lost in Gox and all the scams and robberies, people who are interested in Bitcoin don't have that much trust anymore and don't have any money left. We've reached a saturated level. Also, the ecosystem first has to adapt to the high price before we can think about going higher still.

The ecosystem has had 8 months to absorb current levels. That is a lot of time on the bitcoin scale.  Smiley
2352  Economy / Speculation / Re: Citi report on bitcoin on: August 31, 2014, 12:56:58 PM
I don't know why analysts try so hard to explain something that has happened in the past.
They should work hard and try to predict future price trends. Then maybe they will make some money.  Grin

Predicting future price movements is a rather hard thing to do. Actually it's more or less impossible. If it was possible and they knew how to do it, they'd be best off just using that knowledge in order to do some traded on their own. Why would they give away their golden tickets to the public?

They needn't be 100% accurate... Analysts give out price targets on stocks all the time...
2353  Economy / Speculation / Re: Dubai to drive the next boom on: August 31, 2014, 12:47:15 PM
I hope some royal prince starts 'collecting' bitcoins. Stranger things have led to price increases.  Smiley
2354  Economy / Speculation / Re: Will there be a rally in September? on: August 31, 2014, 12:43:49 PM
The start to September hasn't been good.  Smiley
2355  Economy / Speculation / Re: Citi report on bitcoin on: August 31, 2014, 12:29:32 PM
I don't know why analysts try so hard to explain something that has happened in the past.
They should work hard and try to predict future price trends. Then maybe they will make some money.  Grin
2356  Economy / Speculation / Re: Dubai to drive the next boom on: August 31, 2014, 12:26:45 PM
And middle east countries are filthy rich with oil money. Imagine if any of the government just invest 1-5% of their revenue into bitcoin.

This could be even bigger than wall street etf.

You don't need the government investing. Just one of the sheikhs taking a fancy to bitcoin would do.  Smiley
2357  Economy / Speculation / Re: The reason for a stagnating price on: August 31, 2014, 12:23:44 PM
stability is what btc needs to gain credibility as a legit currency

Yes stability with tiny bit of inflation. Then BTC will be a keeper!

Inflation?? That is a dirty word...
2358  Economy / Speculation / Re: Bitcoin price back @ 488$ again ... on: August 31, 2014, 12:21:36 PM
The rollercoaster ride starts again.. Smiley
2359  Economy / Speculation / Re: Falllling is right again, do not buy in any dead cat bounces on: August 31, 2014, 12:18:23 PM

Bitcoin will continue the downtrend, according to a research note by finance giant Citi. The two main factors that the Bank blames for the price going down are miners and merchants. Citi estimates that mining adds around 3,500 new bitcoins ($1.75 million) every day. Because of the ever increasing difficulty of mining, the majority of these coins are quickly liquidated on the market to cover electricity, cooling and other costs.

”If the miners are a steady source of supply and there is no increase in final demand, we have this overhang of bitcoin being sold in the market. In consequence, we have downward price pressures.”

Citi also thinks that the large merchants that have recently adopted bitcoin (DELL, DISH) will be a net negative for the cryptocurrency. Due to regulatory and accounting rules, these corporations can’t hold the bitcoins they receive, even if they wanted to do so. They have to sell them as soon as possible to avoid taking on ”speculative risk”, thus contributing to lower prices.


I don't think Citi's opinion is valued by the bitcoin community.  Grin
2360  Economy / Speculation / Re: We have lift off! on: August 31, 2014, 12:16:19 PM
I was sure that the price would have recovered in August but I was wrong and now I don't know where we are heading.

Ha, I guess a lot of people are feeling that way now. Yeah, I don't really know where this train is headed, either. I guess we'll be seeing some sideways movement first. We might go down a bit, or start a slow recovery, who knows. At some point things will turn bright again in my opinion!

This sideways movement gives newbies a chance to get into the action.  Smiley
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