The market price of Bitcoins have not really anything to do with it's usage. It can rise to pretty much any level you can imagine without becoming even close to a currency supporting any economic activity.

Well enough.

In that case you are doing the wrong thing just replying to the stuff at all. If he wants to do an arbitrage IPO he should do that and I'm sure he'll find somebody to invest. (Not me though )

I would laugh my ass off if 99.90 was the top.

How do you call these kind of pricing?

If you are complaining about credibility of the local mod it might be a good sign that you should probably re-evaluate your own.

You are doing a great job providing blinders to folks.

According to coindesk they do not plan to implement anything. This is just a proposal for now, as it seems somebody else shall do it. And it is quite questionable if that will happen.

Here is a question: If it's the whales that are accumulating why is the spread vs Bitstamp and BTC-e so high?

That doesn't match with the libertarian egoism expected of a Bitcoiner.
What a hero, I'm touched.

To the general public Bitcoins most controversial feature is that you can leave a fortune dormant in cyberspace for unlimited amounts of time while it is supposed to even gain in value.

Resistance is futile.

scnr

The hard truth is mining Bitcoins is pretty much guaranteed to be somewhat profitable over the vast majority of the time, while investing in Bitcoins isn't.
The former constitutes a service of some sort, which by it's nature is profitable to do, the latter can only be profitable about 50% of the time because it's a zero sum game.

And why should we make that assumption?

Wenns nicht für die "wir überlasten die Bank" Ausrede und Roger "Baghdad Bob" Ver wäre konnte ich dem fast glauben schenken.

Ich hab keinen Schimmer was abgeht aber das stinkt zum Himmel.  

You didn't buy at the top, that's not retarded.

Best advice in that case: Never go full retard.

Using candle bodies to derive trend lines again?
I thought we already settled that this is only applicable if there are multiple candle bodies, and with just two it's arbitrary.

So many whales, they were doing fine up to a point, but they haven't thought of terminators.
That's why they are surfacing.

XRP has been pretty volitale too lately.  This is no coincidence, and it's self enforcing as people trade other stuff more frequently then.
They'll be back, give it a week or two.

But the similarity ends on the demand side, demand is no where near as constant as in real assets like cotton.

A better comparison would be Rhodium which even has volatility of a similar magnitude to Bitcoins.


The supply side has even more inelastic properties than cotton since it's production is tied as a byproduct of other metals. But the demand side doesn't have the inelastic properties you suggest, I would even say it is highly elastic, like Bitcoins speculation driven by a large extent.

I would argue that elasticity doesn't really apply to Bitcoin because it implies demand based upon inherent value. But Bitcoins have no inherent value, just the network provides utility which is something else.
In other words demand and liquidity are dependent on positive feedback since the utility comes out of distribution which in turn follows the market price.