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Bitcoin has become a valid "hedge" or alternative asset class that will become recognized by hedge funds and financial risk analysts.
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the simple fact that Bitcoin is unaffected despite the turmoil in traditional markets is telling.
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there are actually plenty of reasons for the USD to fall, one of the most practical being that US corporations find it harder to compete overseas making the spectre of another Fed easing rather viable. other reasons: http://www.businessinsider.com/iran-is-ditching-the-dollar-in-foreign-trade-2015-1the counter balance, of course, is the huge amount of USD denominated loans, especially overseas, that if it implodes will put upward pressure on the USD. |
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Bitcoin has no competition: This is possible because of two flaws with the system. Most problematically, it's easy for hackers to steal credit card numbers from stores, and then sell those numbers online. That's a fundamental problem with the credit-card system (and especially the stupid dumb magnetic stripes they all use), and something that Apple Pay is just an unwitting victim of.
The second issue, however, is specific to Apple Pay. In short, banks aren't taking the proper measures to ensure that the credit card owner is the one using the credit card in Apple Pay. According to Drop Labs, most banks use a phone call to authenticate when a card is loaded into Apple Pay, a method that's woefully inadequate. http://gizmodo.com/turns-out-apple-pay-cant-solve-credit-card-fraud-1681932420 |
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is this just from a blizzard?  Why today? b/c JR had his Austin meetup the other night. |
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the black hole shit continues to swirl consuming everything in its path:  |
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here's the interesting thing which i brought up last week.
what if the dollar starts dropping along with stocks?
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oh yes, getting interesting now: -388
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ugly. i thought everything was peachy keen?   |
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MSFT needs to go full Bitcoin:  |
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hmmm, normally when we see huge gap opening gap downs like this on the Dow, it immediately starts grinding back up higher oftentimes to being flat before dropping once again. we aren't seeing that this morning...
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Centralized Bitcoin exchanges need to divorce themselves from the libertarian paradigm. Solve this: 1) We dont have centralized, "serious" exchanges like the Gemini or Coinbase one, which leads to old big money not comming in. 2) We have centralized exchanges which means we get to deal with wall street bastards and risk the price being rigged, also risk on the exchanges being a failure again killing bitcoin due lack of trust. How to solve this?? afaik, decentralized exchanges dont allow for proper trading. i've thought of this alot. the only way to solve it is to have multiple international exchanges in jurisdictions that are actually hostile to the US, like we already have in China and Russia. next, provable audits, either thru Merkle trees or something better, along with real audits. the bar needs to be set higher to prevent naked shorting. |
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Why should I 'cover my bases'? I couldn't give two shits what other people think. They can listen to folks like me who have a track record of infrequent but dead on calls (which is as I've always said mostly dumb luck) or they can listen to perma-pumpers like cypherdoc and go broke. <shrug> I'm happy if I have helped some folks over the years of course, but it's not my main goal.
In other news, while ~goat was buying a Ferrari with his winnings at 4 figures, I was buying some property which I've been developing over the year. His purchase has depreciated a lot. Mine, OTOH, has increased dramatically, and I'm in much better physical shape since I've done a lot of the work myself. Thank god that Bitcoin didn't come along 20 years ago else I'd probably have a Ferrari which would cost a ton to insure as well and which I probably would have already crashed due to my (now outgrown) penchant for taking corners at speed. Today the water well drillers hit 5 GPM at only 40 feet on my new property. It's going to cost me like 5 BTC. Had I followed Cypherdoc's advice and not planned a head a bit it would have been more like 20 BTC.
sure you did. sure. i don't remember any dead on calls from you at all. just constant complaining. and i have not been recommending buying all the way down from the top. nice try. Everything of any complexity has at least some pitfalls, and can be looked at differently from different angles. I simply point these out. All through the decline I have pointed out the various contrarian positives one some threads where negativity is pronounced. This thread is so full of hyper-pumpers there is usually not much need for doing so. - edit: Surely you recognize that buying at $2.00, selling at $1000, then buying back at $250 is a winning strategy over buying at $1000 then lower if you have any money coming in. Maybe not. Here's my tip for doing better financially: 'Buy low, Sell high.' Unfortunately that's a little to complex for cypherdoc.
from all your comments, i don't think you understand Bitcoin.
I don't understand it as a micro-payment system as you called for a few pages back. Good luck with that. You really have not got a clue and are just desperately grasping at anything which could you could vaguely argue proves you right after being so wrong for a year. Pathetic. And hurtful to Bitcoin as well if anyone listens to you at all any more. i think it has great potential as a micropayment network. Satoshi dice proved that as are many current gambling sites. Changetip works well and should spread the use of Bitcoin widely. if fees can be kept down (i think they can) uses in Africa and India will bear fruit. we're already seeing it, especially in Southeast Asia. getting those millions of users online with Bitcoin will solidify usage both politically and economically. keeping fees down will allow embedding of contract hashes like we're seeing with POE. that will drive thousands of fee paying tx's which will help miners make the transition from block rewards to fees. it's happening right in front of your face. |
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If I wanted more BTC, I'd simply have put away a fraction of the money I made selling at the 2013/2014 juncture. I spent it all (or have it earmarked) for property development projects. Don't worry...I've got a decent amount of powder of the BTC variety dry.
I more or less got the posting bug out of my system over the last few weeks. The only interesting thing going on recently is the sidechains possibility which is probably the last hope to save Bitcoin as something worth saving. Also, gearing up for the 'gavincoin' fork war is something I should be focusing my efforts on, but it's such a hassle and a lot of work that I've been remiss...easier to post babble on trolltalk.
I tend not to be 'bullish' or 'bearish'. Price spikes and drops are just things that happen. Obviously they are emotionally exciting, but I expect both of them to continue so none of them are big surprises. I just call things as I see them and tell people what I am doing. Told people I was buying in the single digits. Told people I was selling in the four digits. Told people a few days ago that I'd probably be buying right now if I had no BTC and some money to gamble with. Maybe that's what turned the market around. Who knows? I mean anyone who is watching will probably listen to my thoughts more than the perma-bull bozos who look indistinguishable from pump-n-dump scammers.
more BS vomit from your lips. nope, your posting frequency, negativity pitch, and SC pump correlated directly with the price slump down into the capitulatory low of 152. typical for an emotional and confused momentum follower of Bitcoin such as yourself. just read the contradictions in your post. another attempt by you to cover all the bases so that when a counter trend move occurs, you can say you called it. ... Why should I 'cover my bases'? I couldn't give two shits what other people think. They can listen to folks like me who have a track record of infrequent but dead on calls (which is as I've always said mostly dumb luck) or they can listen to perma-pumpers like cypherdoc and go broke. <shrug> I'm happy if I have helped some folks over the years of course, but it's not my main goal. In other news, while ~goat was buying a Ferrari with his winnings at 4 figures, I was buying some property which I've been developing over the year. His purchase has depreciated a lot. Mine, OTOH, has increased dramatically, and I'm in much better physical shape since I've done a lot of the work myself. Thank god that Bitcoin didn't come along 20 years ago else I'd probably have a Ferrari which would cost a ton to insure as well and which I probably would have already crashed due to my (now outgrown) penchant for taking corners at speed. Today the water well drillers hit 5 GPM at only 40 feet on my new property. It's going to cost me like 5 BTC. Had I followed Cypherdoc's advice and not planned a head a bit it would have been more like 20 BTC. sure you did. sure. i don't remember any dead on calls from you at all. just constant complaining. and i have not been recommending buying all the way down from the top. nice try. from all your comments, i don't think you understand Bitcoin. |
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