The goal is to make Bitcoin go down?
Odd. I'd love to see it go up. Wouldn't any normal person?
After the heady prices a month and a half ago there are lots of people wanting to buy back in. |
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I am currently renting so technically I am short real estate. the bubble popped dude... wtf are you waiting for??? get a girl get a dog make some kids and Love life!!!! BUY BUY BUY! its not as bad as some people would make you believe Disclaimer: I recently purchased my first home, so I believe/hope it won't get too much worse. The Federal Reserve is directly propping up the mortgage market. We're not out of the clear until financing for the market can stand on it's own. The real risk with real estate particularly in Canada is a rise in interest rates that will push many home buyers right out of the market. It will also place many who gambled with floating mortgages in a very dangerous position particularly if they also are heavily leveraged. This will force prices down in the short term as the weak hands are forced out via foreclosures. What will force this is that the central banks will sooner of later have to back off from quantitative easing. "All cash. No subjects. For clear title" when the seller is facing foreclosure is the way to buy real estate and if one holds on to one's BTC this can easily happen in the next few years. The "cash" will be CAD, BTC or a combination of both. Now if one goes into real estate for the long term say 50% or more equity and long term (over 5 years for financing the balance) then yes buying one's home now can make a lot of sense. It all depends on the personal circumstances. Right. Here in the US we have the Fed directly holding down mortgage rates. When this policy changes we might have some trouble, although obviously the hope is that the economy will improve in the mean time. I bought my house to live in. My fiance will be in school here at least 4 more years and we've already been living in our new home a year. There is a good chance we may stick around here after school, or possibly rent it out to my younger siblings who will be getting close to college age by the time we're both done. The only debt tied to the house is about 50% of the home's value in a loan from my fiance's parents. There is no interest or payments while we are in school, so it was a no brainer compared to dumping $7000 a year into rent between the two of us like we did before. |
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I'm trying to do merged mining, but I can't even get I0coin to bootstrap. It starts with 1 connection, then drops to 0. Is I0coin dead?
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too damn long.. i was done after the first paragraph lol
So is it safe to assume you're never read a book? TV and fast food has created a culture where you don't have to have any attention span to survive. Unfortunately, the people that don't make the effort to develop one and explore life will miss out on some of the best things the universe has to offer. |
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They still suffer from diseconomies of scale, but with the competition kept out of the market, their inefficiency doesn't limit their size. If not for the regulations raising the barriers to entry, they could never expand beyond their "ideal" size.
This right here is the crux of the problem with many regulations. Some regulations do not create this issue though. |
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Thanks for the rates guys. I am an American living in Germany so I guess I don't get the good rates.
I would love to get a 5,000 Euro loan at 2%. I would roll it into Bitcoins at an opportune time.
I mean isn't that what the banks are doing once they get money from the FED? They buy bonds, put money into the stock market, etc. as that is near guaranteed profit with little risk. Risk... ehehhe
That is what they do (invest in assets), but they have a government guarantee if the market tries to burn them too bad. You would not be so lucky and would wind up filing bankruptcy if things turned against you. |
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...snip...
IF I had one in my town I could use it.
Features as hours from 8am-6pm and closing 2pm on Saturday for small business is very helpful.
Ah. For me, the lobby is not open past 4, but the drive through is open until 6. They do close at noon on Saturday though. |
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fuck you adam pretending to be drunk so your epenis seems a little larger? You cant be drunk drinking gay drink like Coorlights i don't feel soo good  drank way too much roll one you might puke, but you'll feel better |
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First I want to say that I use the weighted Mt. Gox average for different reasons: *To erase the price arbitrage between different exchanges and to ignore micro-volatility due to the thin market *Because most shops use the weighted average This is the chart for the last 6 months:  You can clearly see an uptred started in january (brown line). Bitcoin is new technology. New users check it out every day. This trend will not go away until a large part of the population is using bitcoin. The overvalued periods are indicated by red, the undervalued are indicated by green. But I tend to look at the chart like this:  We are just still in a correction. The overvalued surfaces are not yet completely compensated by undervalued surface. I predict a drop to 100$, then a fast price spike towards 200$, then a drop in price towards 180$ and then we reverse to the trendline folowed by a steady growth folowing the trendline. thoughts? The problem with your transformation is that it requires time to flow backwards. |
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Get a load of this:
Cap1 and Chase both hooked up with BTC and dropped them HARD hoping they could Break BTC.
Fuck them then... find a local credit union. You'll get better features, lower fees, and better customer service. I never understood why people continue to use the megabanks when they are obviously creating problems for the economy. I'm in a small Town. Don't get me wrong BTC IS the future and scares the h***l out of the banksters. BUT- The first man to the "easy crypto currency" wins... All these sights need to have video tutorials that talk to you giving you all the most common answers to the questions and a high end tutorial for those not savvy... Coinbase has a 6-Day waiting Period!!! Once you make the purchase from your checking account you Cannot Use the Bitcoins FOR 6-DAYS! It' like having your money Seized! The waiting period is not a set number of days. You get the BTC as soon as the ACH payment clears. You don't expect them to let you withdraw BTC before they get their USD do you? At least you can lock in your price, vs other methods where you wait for the USD to move and hope the price doesn't go up while you wait. Oh, and I'm from a small town too. In fact, we don't have any nonlocal banks. Nobody here wants to bank with a huge nationwide bank because history shows it is a bad idea. Only if coinbase had mentioned that simple fact... My research found they are trying to change that soon. They give you an over estimate on the time when they show you the details and ask you to confirm. I'm not sure how they could make it more clear, but if you have a suggestion of a better place to post the terms I'm sure they would appreciate feedback. http://support.coinbase.com/customer/portal/emails/newThe two smaller banks I used to deal with were bought up by the nationwides.
It would be great if Credit Unions went Local. Like one in every town.
One problem is many Credit Unions don't offer the services the banks do.
If somehow they got together to offer competitive services that would go a long way for many on the sidelines.
What features are you looking for? With mine I have free checking with 1.77% interest and refunds of any ATM fees. There is no minimum balance. I have access to free online bill pay, but I don't use it. In my experience, credit unions have much better options than banks. |
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I don't like this example.
Yes it should have been a surprise (if following the EMAs): the selloff is mostly what caused the crossing.
Even if you sold at the bottom of the second hourly candle after the dip, you could still have a decent profit. Best case, after the first candle was solidified, you could have sold at 130 in the next hour. |
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Rally: "A period of sustained increases in the prices of stocks, bonds or indexes."
It does not mean a massive panic buying like we say to 266
Based on his recent posts, I'd say he overexposed him self on the last one  |
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What is likely going to be the bottom? 64? 80? 103? 110? 113?
0.0001? 0.001? 0.01? 0.1? 1? I'm confused as to why this graph is generating so much panic in the forum today... https://i.imgur.com/YbMyqyp.png?1The trendline starting at 50 has been broken, but IMO the people panicing need to zoom out. There are other, more long term trends that will provide support. Sure, seeing 50 again is always a remote possibility, but I'll be buying the whole way down. |
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you can either include guns/ammo/food with real estate or it could be seperate
right Real Estate(Tv,Car,guns,ammo,food) I'm not sure I'd include TV in there... Those things depreciate way faster than even fiat. |
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I am currently renting so technically I am short real estate. the bubble popped dude... wtf are you waiting for??? get a girl get a dog make some kids and Love life!!!! BUY BUY BUY! its not as bad as some people would make you believe Disclaimer: I recently purchased my first home, so I believe/hope it won't get too much worse. The Federal Reserve is directly propping up the mortgage market. We're not out of the clear until financing for the market can stand on it's own. |
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Adrian-x what you are describing is increased productivity. None of the benefit of that should go to you as a person doing the work - it goes to the provider of capital. This has nothing to do with QE - its plain old economics.
Oh boy, so where is the incentive for the worker to increase productivity if the fat lazy capitalist should reap all the rewards? Just another capitalist i see. Hawker, over exaggerated, it is not all that bad. Read Adam Smith's Wealth of nations for a clear overview of economics. My point though is it is going to inflation (aka the bankers) I highly recommend Wealth of Nations. It is required reading for anyone who wants to study economics. BTW, it isn't the worker who increases productivity (other than the initial ramp up as they learn their job), it is technology that makes each worker more effective. Ultimately, this leads to less demand for labor and does indeed lead to price and wage deflation in an unmanipulated economy. The worker can never expect anything other than his wage, which is dependent upon economic conditions, until he takes his productive capacity into his own hands rather than merely offering it to the highest bidder. |
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I'm curious here. What interest rates are you guys being offered on credit cards and loans. I understand better credit history means more.
Anyway, I get these offers in the mail (I'm in Germany) and there are credit offers (loans) for 8.5% - 8.9% over 5 years! I am shocked as I don't have bad credit and am self employed for years now.
And that is cumulatively of course, so 8.5% on 10,000 is way way more than 850 Euros.
It just gets me that these banks get such low interest loans from the ECB and then fractionally loan out magnitudes greater amounts at crazy rates. It really should be illegal. How is this helping us?
Here in the US, I get a steady stream of credit card balance transfer offers for 0% interest for the first 18 months and a 3% transfer fee, so effectively 2% annually for 18 months. Obviously, when rates rise the ability to roll it over will dry up. However, I only have a balance because I've chosen to pay down student loans with 6-8% interest instead. I've got enough assets to cover the balance if necessary. |
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You do realize these "walls" tend to vanish once the the price gets close to them, right?
What would be the motive for somebody doing that? Why would they try to create a false sense of support at a certain price? The theory goes that by creating a bid wall, a market participant who intends to sell can get a higher price for his coins. |
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