... (i.e BTC in my view is stonger than it was when I bought, and as a buyer with a long term view now is a odd time to sell) which was answering the question that Klee had asked. Hope that makes sense.
You and the market haven't been seeing eye-to-eye since 2013. One of you is wrong, and teh market is definitive. So yeah. Protip: When reality (like falling BTC price and people selling) doesn't make sense to you, don't assume that, just 'coz you don't understand it, it's somehow "wrong" or nonsensical. Keep trying to understand. I'm rootin' for ya! Wow... One word: Long-term. (alright two words) another three: Works for me. Moving on from here= Whatever you say pro. Good luck with everything champ. |
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BTC is still here... and the future is even brighter and BTC is even stronger... (only a blind man cannot see this)
So therefore, for me , now is not the time to sell....
... Horribly faulty logic. BTC may be "even stronger," but its exchange rate is lower than it once was. If the exchange rate continues on its downward trend, it's smart to sell, regardless of Bitcoin's eventual success. Right... ok if that works for you, it works for you. I am very happy with my decision, and it has worked very well for me... I am perfectly happy, the only thing I have done wrong is not buy more in the $75 region... "If the exchange rate continues" there is only one thing the exchange rate will continue to do.... and that is go up, and go down, and sideways and down and up etc etc That's what most of us are here to cash in on--volatility. Some of us make good calls, some bad. Some, like you, claiming they don't make any calls, are indifferent to price volatility, and simply hodl no matter what. For me, this begs the question: What are they doing here? Trolling? Propagandizing? If you are playing this long term, as I am, and do not really care for spending the time or the stress or the risk, playing games to increase your BTC stash, then there is nothing wrong with my "horrible logic" it might not fit into your way of thinking, or your plan, risk tolerance, long term goals, views , financial situation/needs, lifestyle, etc but that is fine, that is why you are one individual and I another.
I'm glad that you are happy with your choice. It's the logic you used to back up your decision that's flawed. If, like many of us, your goal is to make BTC, you're doing it wrong. If your goal is to make fiat? Still doing it wrong. This is the speculation subforum, peopled by traders--speculators. If you are indifferent to short-term price fluctuations, my guess is you're just in the wrong place. Not bitching about you being off-topic, that's fine with me, as long as you understand that you are off-topic. This is about BTC price, not eventual success or failure of Bitcoin. TL;DR: Knowing that Bitcoin will succeed is neat, but doesn't help me make money. inb4 "selfish greedy etc., etc": Speculation forum about money. I dunno if you have noticed, but then I seem to remember that reading is not your strongest point  but this forum is a general hang out area, there are all sorts of investors, and traders, and even non owners here, and the discussison is about all things, and I am here because I like to chew the cud with some people here and it is another handy news source sometimes... no big mystery, really. So your blah blah about "if you are indifferent to short term price" and being in the wrong place is just bullaxe.... and I can be interested in the short term price, without having to explain it to you, or without it making me want to change my mind, or my long term strategy, until of course it does, then I will feel free to change my mind and do what I see as right. Honestly, for me, if BTC continues to grow, my logic and strategy is amazing, low maintenance, high profit, and I am free to spend my time working on other things, and to have fun, the logic is not flawed, it works and continues to work very very well for me... as I said many considerations to take into account, horses for courses and all that, if you do not accept that, then that is up to you. I believe this started when Klee asked about long term holders thinking of selling, and what peoples views are.... as I have held for some time, I commented... that if you were a long term holder then before would have been better to sell than now, and I pointed out my reasons for thinking so (you piped in with "hindsight" which is incidentally another reason I choose not to short term trade, as I do not have the luxury of hindsight, but I do , I hope, have a little foresight) and I elaborated in another post as to why I would not sell now (i.e BTC in my view is stonger than it was when I bought, and as a buyer with a long term view now is a odd time to sell) which was answering the question that Klee had asked. Hope that makes sense. |
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BTC is still here... and the future is even brighter and BTC is even stronger... (only a blind man cannot see this)
So therefore, for me , now is not the time to sell....
... Horribly faulty logic. BTC may be "even stronger," but its exchange rate is lower than it once was. If the exchange rate continues on its downward trend, it's smart to sell, regardless of Bitcoin's eventual success. Right... ok if that works for you, it works for you. I am very happy with my decision, and it has worked very well for me... I am perfectly happy, the only thing I have done wrong is not buy more in the $75 region... "If the exchange rate continues" there is only one thing the exchange rate will continue to do.... and that is go up, and go down, and sideways and down and up etc etc If you are playing this long term, as I am, and do not really care for spending the time or the stress or the risk, playing games to increase your BTC stash, then there is nothing wrong with my "horrible logic" it might not fit into your way of thinking, or your plan, risk tolerance, long term goals, views , financial situation/needs, lifestyle, etc but that is fine, that is why you are one individual and I another. BTC being "even stronger" counts for me, for the same reason it counted 2 years ago... I believed then that BTC will continue to get stronger and stick around... it has and I continue to believe that it will... and so I continue to maintain my position, and will do so until something changes my mind... the recent price action has not had that effect on me, as it is one thing that you can for now expect i.e the price moving in both directions more often than not, this will continue and we shall no doubt continue to have periods of up and down and periods of stability and periods of volatility, however I also believe that we will get hyper rallies at various points as funds from various sectors inject themselves into the Bitcoin network as BTC continues on its path and continues to become, more usable, gains more social proof, and becomes more and more ubiquitous... which is the significance of BTC becoming "stronger" |
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https://hitbtc.com/market-analytics"Talk is also starting to pick up in Bitcoin circles that big players might be considering taking some profits from their early entries and mining profitability is starting to get stressed at these prices. " Tone Vays is a 10 year veteran of Wall Street working for the likes of JP Morgan Chase and Bear Sterns within their Asset Management divisions. Trading experience includes Equities, Options, Futures and more recently Crypto-Currencies. He is a Bitcoin believer who frequently helps run the live exchange (Satoshi Square) at the NYC Bitcoin Center and more recently started speaking at Bitcoin Conferences worldwide. He also runs his own personal blog called LibertyLifeTrail. Thoughts? Would be a daft time to take profits.... if they did not take profits between $800-$1300 How many coins where bought between 150$ and 350$ ? That is the question.. Well the answer to your question for me is = Not enough coins - should have bought more  As I was confident that BTC had a bright future. I cannot speak for everyone that bought a few years back... but a year ago I did not sell, because I thought BTC will have a bright future... Fast forward a year later..... BTC is still here... and the future is even brighter and BTC is even stronger... (only a blind man cannot see this) So therefore, for me , now is not the time to sell.... But then I have no intention to sell when we reach the next ATH either. |
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https://hitbtc.com/market-analytics"Talk is also starting to pick up in Bitcoin circles that big players might be considering taking some profits from their early entries and mining profitability is starting to get stressed at these prices. " Tone Vays is a 10 year veteran of Wall Street working for the likes of JP Morgan Chase and Bear Sterns within their Asset Management divisions. Trading experience includes Equities, Options, Futures and more recently Crypto-Currencies. He is a Bitcoin believer who frequently helps run the live exchange (Satoshi Square) at the NYC Bitcoin Center and more recently started speaking at Bitcoin Conferences worldwide. He also runs his own personal blog called LibertyLifeTrail. Thoughts? Would be a daft time to take profits.... if they did not take profits between $800-$1300 |
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Bill Ready of PayPal (Braintree) is on in 10 -15 ish mins.... be interesting to see if he says anything.. he is only on for 10 mins
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I have just read the news, let's see if it will have a great impact on the price!
Overstock news, price continues sliding. Expedia news, price continues sliding. NewEgg news, price continues sliding. .... PayPal news, price explodes upwards? Oh YES totally.. Dell News = GREAT NEWS Overstock news = GREAT NEWS Expedia news = GREAT NEWS NewEgg news = GREAT NEWS PayPal news, = GREAT NEWS Continued merchant adoption for Bitcoin = GREAT NEWS Especially when it comes from some of the big names in global retail. Ubiquity is coming... is happening... Pretty soon the BTC is gonna be everywhere..... Pretty soon, it will become used all over the globe, and people will simply soak that up via a kind of social proof osmosis... via subliminal and direct communications and media and PR, it is on its way to be commonplace... The real work is all still ahead... people will continue to build and adopt and adapt... All we need to do is wait... (and/or participate) But I cannot see how anyone that has any interest in Bitcoin, and in the future of cryptocurrency, can fail to see the signifigance of merchant uptake, both online and in meat world.. we need more and more user and merchant adoption... we need to stretch to every corner of the globe, from the "banked" to the unbanked. The price is the price.... and there are various everchanging forces at play that will continue to change as the ecosystem grows (for example the % of BTC merchants decide to hang onto, or spend into the ecosystem) I view any significant news that will have an effect on exposure , usage, merchant adoption and user adoption as exciting... |
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Or are you sayin' you think this is a fake? a hack?
Do you have a idea about the work behind a video like this ? It's weeks and lot of $. It's not a fake and EVERY world was chosen carefully and triple checked... It would be some work, but not much $. I agree... someone with the correct skill set and a bunch of stock photography and a good editing suite and experience could reproduce this in hours, if not days... I am leaning towards this being legit though.. it seems to have got the right branding tone etc ...... though would not overly surprise me if it was not... but someone would have gone through an awful lot of trouble for it to be a hoax... (making it, getting it posted via a hack? etc) |
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Or are you sayin' you think this is a fake? a hack?
Do you have a idea about the work behind a video like this ? It's weeks and lot of $. It's not a fake and EVERY world was chosen carefully and triple checked... well they F'd up! they should just come out and talk about what they are doing and why. but who cares.... tis a "teaser" ?! |
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Or are you sayin' you think this is a fake? a hack?
Do you have a idea about the work behind a video like this ? It's weeks and lot of $. It's not a fake and EVERY world was chosen carefully and triple checked... Dude... I agree.. I think the vid looks legit... I am asking what the person that said "it will not materialise" thinks |
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They will not move a finger before NY regulation.
by "they" - do you mean PayPal? they will not lift a finger, apart form making this video, and posting it.... ( if it is actually real, it appears they already did just lift a finger......) ?!  |
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I think it might have been the sound of a distant train |
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Ok so I was just confirming, that basically you are saying BTC wil become irrelevant because it will no longer "do what it says on the tin"
First, some housekeeping. Sentences end with a period. Ellipsis: three dots. Take the extra dots in your ellipses and stick them at the end of your sentences. Put the rest in your pocket--sell them to your friends. Again, I did not say "will" (or "wil [sic]"). Try putting moar care into reading than you do into writing. and you do not know what "a solution to centralization means?"
well, you infer that Bitcoin was only relevant because it is decentralised .........what made it relevant? because it was offering a solution to ...... ... ... centralisation..... right or no? No. I Bitcoin is a solution to money. It never tried to offer a "solution to centralization" because centralization need to be solved as much as peanut butter. Being decentralized helps Bitcoin. Being centralized hurts Bitcoin. How can I make this any simpler 4 U? @empowering: But I have just gave you a concrete, non-trivial, and common example of the semantics not being semantics at all! ...stealing and fraud are still stealing and fraud... But many people here call taxes stealing. Do you see how petty semantics aren't petty semantics, and that attempting to formalize shit and reconcile different interpretations of "what's right" gave us The Body Of Law? Your post is funny ....I shall explain why 1st I never said anything about semantics. 2nd Your point about reading more and writing less, in view of my first point above, is quite hilarious. 3rd You say you do not argue semantics, and then do exactly that... again... funny. .... 4th before you start off on grammar, sort your spelling out, before you start to give the grammar Nazi role a shot... for your info I write different on line than I do in formal work, and also I write in a hurry while normally multi tasking, so my apology if sometimes my posts are a bit "lazy" Also, I was talking about decentralisation and centralisation of Bitcoin and money, which IS also one of the problems with centralisation in a broader sense. Also the "body of law" you speak of... is not a static thing, it changes and will continue to change and evolve as the world does. Lastly... I do not know if you have a bee in your bonnet about me, or in general but I have not done anything other than discuss, and disagree with you.. and as far as I know this is not offensive in and of itself and I do not think I have been offensive to you in anyway, so you know... chill out with the vibe and maybe not so much need for the sarcasm and hostile vibe... or not, up to you, just a suggestion, I for one am pretty chilled right now.. I hope you are/can be too. |
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I am asking , if you are not saying specialisation "will make BTC fail" then what are you saying? you state "not relevant" so by that are you saying it is no longer doing what it first set out to do (ie "what it said on the tin") i.e be decentralised.... and therefore you state ...........irrelevant.
I am asking what you mean by irrelevant... if it is not that BTC will fail, what does it mean? that it will just no longer be important? no longer be desired ? no longer be used? no longer be the solution to "centralisation" ?
I am saying that centralization is hurting BTC ==> making it more like the stuff it aimed to replace ==> making it irrelevant. I did not say Bitcoin is certain to fail. If that's what I meant, I would have said "BTC will fail." I did not suggest that Bitcoin is a solution to centralization, I'm not even sure what that means. By "irrelevant" i mean unimportant, sorta' like Christianity and Communism are today. I hope that answers your questions, if not--ask away. But no need for boldface. I used boldface to make the answers stand out... Ok so I was just confirming, that basically you are saying BTC wil become irrelevant because it will no longer "do what it says on the tin" and you do not know what "a solution to centralization means?" well, you infer that Bitcoin was only relevant because it is decentralised .........what made it relevant? because it was offering a solution to ...... ... ... centralisation..... right or no? so therefore if it is offering a solution to "centralisation" surely then it can bee seen as a "solution to centralization" |
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Free market is a tautology. It is not Fairy Godmother. Free market doesn't magically make good stuff succeed and bad stuff fail.
Unless you believe in the Lizard People, free market is responsible* for every economic system on Earth, including those with central planning, exorbitant taxation and draconian regulations.
TL;DR: Saying "free market will decide" is saying "whatever will be will be"--NOT interesting.
*If only by failing to prevent.
I can't speak to what everyone means when they say "free market", but I think this term is mostly used in this forum to mean "free" in the libertarian sense. That is, my freedom ends where it starts to impinge on your freedom, and vice versa. This means that a "free market" is explicitly NOT one in which you are free to restrict my economic freedom, nor I yours. From context, I gather that your definition of "free market" is simply 'the exercise of free will', and thus much broader than the meaning intended by the people you are responding to. From wikip: ...A free market contrasts with a controlled market or regulated market, in which government intervenes in supply and demand through non-market methods such as laws creating barriers to market entry or directly setting prices (etc., etc.)
What freedoms are you talking about, in particular? For instance, your notion that my freedoms should stop where yours begin seems overbroad. Can I take from you what I believe to be rightfully mine? A free market is a market where prices of goods and services are free to find their own level (equilibrium) via forces of supply and demand and without intervention from central planning/government in the form of price fixing, bailouts of failing too big to fail parties,interfering with the suppy and demand chain, creating barriers to entry via various mechanisms, over regulation, etc yes it does encourage, no demand, more personal responsibility from individual and companies alike, which in my view is a good thing... if a company has taken the piss, they should pay the price... and if there is criminal liability pay that price which yes would be via a central planning system, but it is different from a free trade trade system, ie break no laws and trade freely, break laws and expect to have your hands clipped together...... stealing and fraud are still stealing and fraud, However if an individual was foolhardy enough, or unlucky enough to have not done their due dilligence, or to have all of their eggs in one basket, and they get burned, then they will have learned a lesson, and have to pick themselves up and move on... harsh as it sounds, within a generation peoples behaviour would change and adapt and people would be better off... and technology at the moment is offering up a chance to eliminate some of the "trust" issues and so therefore if there are no trust issues, and there is no intervention needed, then a free competition based, market would be able to operate. |
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