Think the smartest guy I know is pretty skint , but does have a bungalow with sea views and lives on a tropical island a literal stones throw from a beach, oh and he has a boat..... spends his life with his family, and spending his days fishing and laughing with tourists, then in the evening a few beers, getting stoned and BBQ and dancing.. man.. that guy really could not give a fuck about Bitcoin.. when I am wealthy wise enough... I want his life  |
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That is part of the reason that some people in this thread deem you as "retarded" b/c you cannot seem to differentiate concepts, and what makes it worse is that you fail to recognize your inability to differentiate concepts and then to insist upon your own inadequate view of the way that things work in the world.
sold some at $1060, $980 and $630 and the rest yesterday at $585 and I was right from February till today, I got one wrong call that Risto had right, but sure you can cry about me being a moron.... at least I try to analyze thing, you are just emotionally attached to your investments. I do not know what emotions are http://media1.giphy.com/media/8aTqdbj4UBnTW/giphy.gifthat guy is obsessed with me, he cant handle it... just for the record, I am a faithful married guy with two kids ( if you are a woman and not gay if you are a guy) so stop trying what ? |
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That is part of the reason that some people in this thread deem you as "retarded" b/c you cannot seem to differentiate concepts, and what makes it worse is that you fail to recognize your inability to differentiate concepts and then to insist upon your own inadequate view of the way that things work in the world.
sold some at $1060, $980 and $630 and the rest yesterday at $585 and I was right from February till today, I got one wrong call that Risto had right, but sure you can cry about me being a moron.... at least I try to analyze thing, you are just emotionally attached to your investments. I do not know what emotions are  |
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Sorry, I don't do altcoins. Bearish times for BTC ahead, I'm afraid.
If Jesus Christ decides to sell... then I think it's time to sell. We're selling too, USDcoin TO THAA MOON! CCMF! awhh how cute and you two joining day buddies and everything... awhhh |
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margin and leverage = evil
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Doesn't matter, I'm selling now. Time to get out fellas. Can I have your jezus coins? Sorry, I don't do altcoins. Bearish times for BTC ahead, I'm afraid. What is your analysis/point of view? |
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always good to see more merchants on board, especially in e-commerce. unfortunately, they are peanuts compared to Dell, and smaller yet than some of the giants we hope to attract someday.  ? huh ? maybe just that one part of Rakuten is... but Rakuten is made up of many parts Together they make up to be the third largest online retailer in the world atm, behind eBay and Amazon http://en.wikipedia.org/wiki/List_of_largest_Internet_companiesRank Company Industry Revenue FY Employees Market cap Headquarter Refs 1 United States Amazon E-commerce $74.45 2014 117,300 $160.49 Seattle, WA, USA [1] 2 United States Google Search $59.82 2014 47,756 $380.64 Mountain View, CA, USA [2] 3 United States eBay E-commerce $16.05 2014 31,500 $68.51 San Jose, CA, USA [3] 4 China Tencent Social $9.91 2014 25,517 $65.01 Shenzhen, China [4] 5 United States Facebook Social $7.87 2014 6,337 $160.03 Menlo Park, CA, USA [5] 6 Japan Rakuten E-commerce $5.56 2014 10,867 $13.06 Tokyo, Japan [6][7]7 United States Priceline.com Travel $5.26 2014 8,000 $35.58 Norwalk, CT, USA [8][9] 8 United States Yahoo Web portal $4.68 2014 12,200 $35.58 Sunnyvale, CA, USA [10] 9 China Baidu Search $3.54 2014 21,800 $29.75 Beijing, China [11][12] 10 United States Salesforce.com Cloud computing $3.05 2014 12,000 $25.85 San Francisco, CA, USA [13][14] Certainly more than peanuts if/when the rest of their consortium starts to accept BTC |
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Doesn't matter, I'm selling now. Time to get out fellas. Buy buy.... do not let the door hit you on the way out : ) |
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how much value is in that ?
Short answer... the value is subjective... the uses of and utility are being discovered and along with it the value and down the line the price. I hear what you are saying... but time is the key here... the uses of and the utility of BTC is only just being explored and discovered and invested in ... I must admit that the providing services to the unbanked is in my opinion one of the greatest areas of interest to me by far... and I am actually exploring this avenue and one or two others with several partners/investors myself. However I also have speculated on BTC but it is far from my only interest Patience is the key here... and also active participation.I do not have all of the answers and I do not claim that I do... however I do think that the ecosystem is evolving.. and the value that can be added to society is being explored as we speak... and it is being explored by people with profit in mind no doubt... which is a handy motivator... but also I would think not the only motive.. There is no denying in my opinion that progress has been made in the past five years, and even more so in the past two and even more so in the past 6 months.. so now there remains to be seen what progress will be made in the next 6 months, next year , next two years... Yep there are speculators, and yes there may be rational and irrational exuberance involved but I do not feel this means that all is lost... in fact I believe that we need to go through the stages we are at now to be able to continue to grow... I for one am happy to state that on long timeframe I am more conifdent than ever that BTC will continue to grow and grow, and I for one am more bullish pricewise than ever. |
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Sigmund Freud may have said it, but it was originally spoken by Mr. Carl Sagan.
Sigmund Freud Born: May 6, 1856, Přํbor, Czech Republic Died: September 23, 1939, London, United Kingdom Carl Sagan Born: November 9, 1934, Brooklyn, NY Died: December 20, 1996, Seattle, WA So unlikely to be the case. Likely it's apocryphal but I always heard it attributed to Einstein. As Richt has me on ignore... please inform him it was neither Sagan, or Freud and certainly not Einstein or Franklin that said it nor Ms Rae Brown.... came from a NA booklet in 1979. thank you. : ) (edit - ah...) |
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Nothing to do with school, I am just surprised we are back here again.
ok ... so do you have a wife or children? I usually do this with hand drawn pictures as the example but today I think fingers suit better...
So say you have a wife and children ? How valuable to you (and them) are their fingers? to me they are WORTH nothing... and the PRICE I give you for them
on the open market is $0
Lets switch this around- do your wife and childrens fingers have any VALUE to you? if so how much are they WORTH to you? and what PRICE will you pay to keep them all in one place with fingers attached to loved ones? more than my PRICE of $0? I bet and why is that? it is because they have more VALUE to you then they do to me, for me the PRICE for your loved ones fingers is $0 for you I imagine and hope a very large figure lets say $100,000 or more
something something <snip>
look above, I did read to the end of that line and there you lost me.... a value of thing is not determined by my self only, it is determined by a whole community, if we think that the value (call it price if you want) of 1 Liter of milk is worth 1$ but then one farmer based on the miracle of grass and water going into the cow and turning out as milk and shit and pee think that that liter of milk is worth at least $1000, that farmer is going to have some bad time selling his shit. but if 40% of farmers think so then there is 40% of greedy motherfuckers. we can go on and on trying to define this (I am wrong with the possibility of being right), but I personally am not buying that theory, wherever I go I pay as a value of a thing. the value translate to that and I didn't see yet in my life a community agrees on something having more value but lower price!!! in fact that just doesn't make any sense to me. I agree to an extent- and I was reducing to the absurd to make a point... Also I should have said your loved ones fingers were WORTH nothing to me not the PRICE was nothing to me... price is price and value is subjective. PRICE and VALUE do have a linkage - not saying they do not, but they ARE DIFFERENT. ....and yes when you broaden it out of course the community plays a part - but as I said I reduced to the absurd, so in the fingers example you did represent the entire community....... but my point remains... PRICE and VALUE and WORTH are different things no matter how you dice it up BUT they are all interlinked and interlinked with SUPPLY AND DEMAND... but interlinked as they may be they are still different things.... Price and value affect each other however price and value are not the same thing.. there is also supply relationship and demand relationship and market equilibrium (competition) to take into account fair enough... And yes sometimes society does place a lower agreed price on something with a higher value to society- for example society as a whole places more VALUE on water than they do on mobile phones, but water is cheaper than mobile phones...even cheap crappy ones (and no it makes no difference that your mobile phone company gave you your phone for free) Water is more valuable than mobile phones to society an everyone knows this (indeed we need water to make mobile phones) and at the moment mobile phones have a higher price than water...but if at anypoint water became scarce (i.e supply dries up) then water will be in higher demand, with less supply, and somewhere where equilibrium is reached the market will agree upon PRICE. Same with phones- less supply, higher demand, and the price will increase... but water still has more VALUE to the collective than mobile phones. Even though subjective and collective VALUE of water is agreed by all to be very high (regardless of supply and demand) however its PRICE will be lower or higher depending on the supply and demand. Also if I want to dig a hole, to dig for water say... to survive, then I may pay the price of $15 to one manufacturer of shovels, or I may get a better deal and pay $10 from a different supplier... however the reason I place any VALUE on the shovel, is because I need the HOLE... the VALUE is not in the shovel itself, but it is in the HOLE it can dig... of course I will buy the same shovel from the person selling it for the cheapest price... .....but say there was a shovel shortage, and shovel prices went up... all of a sudden the PRICE of a shovel is $200 or $250 from their competitor... the quesiton now is... how much is the HOLE worth to me? is it worth the $200 PRICE of the SHOVEL? if the answer is no, then I am NOT paying that PRICE for that shovel because the HOLE is not worth $200, the shovel simply does not jusify the PRICE because the VALUE of the shovel is in the HOLE and as I can for example pay my neighour $50 to take water from his stream for the year... therefore I am not going to pay the price of $200-250 for a shovel, because the PRICE of the shovel really did not matter... what mattered was the value I placed in theshovel, because I needed to dig a HOLE with it, that is the only reason the shovel had any VALUE to me... in this case if the PRICE exceeded the VALUE I get for the shovel, then I would not pay that PRICE...because the PRICE was higher than the VALUE to me. However if my neighour placed a price on using his stream at $500 for the year, then all of a sudden maybe I would have placed a higher VALUE on the shovel beause the value of the shovel is really the value of the the HOLE I NEED TO DIG in that case I would pay the shovel salesman his $200 , and dug my hole , in this case the VALUE exceeds the PRICE and the shovel salesman gets his $200-$250. However the PRICE of the shovel only comes into play if it exceeds the VALUE that the shovel represents.. it could be $10, $50 or $500 - it all depends on the utility of the shovel to me. So if VALUE and PRICE can swap places like this... does it not stand to reason that they are NOT the same thing?Maybe Aminorex is right however in that we may be arguing semantics here... Talking of digging holes... |
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Anyone noticed that the value of Bitcoin has risen quite a lot the last half year, regardless the price of bitcoin?
Whoa what do you mean by that? The price is the measure of how valuable a Bitcoin is, isn't it? I don't seem to be getting what you're trying to say here. Please enlighten us, man The utility of bitcoin is the sum of the benefits derived from its applications by its users. The value of bitcoin is the size of its transactional economy over a given period. The price of bitcoin is wherever the market happens to clear. Only in the case of perfectly rational actors under perfectly efficient condtions will these three coincide. I don't agree, this is just delusional stuff you are talking, a value of a bitcoin is exactly what it can be exchanged for (in terms of goods and services) compared to what can a dollar (or gold, Euro, Yen...) be exchanged for. Edit: with this logic: gold has no value and a visa card have more value than a Bitcoin.... see this is just horseshit. No ... that is the PRICE of Bitcoin, not is VALUE, they are two totally different things (and WORTH is different thing all together again) PRICE is arrived at often where supply meets demand, and the demand of something comes from how much VALUE is placed on it by people -VALUE is usually quite subjective whilst PRICE is not. SUPPLY - DEMAND VALUE - PRICE PRICE is what you pay and VALUE is what you get. This is stuff people should learn in high school and I cannot believe this conversation is happening at all tbh I don't care what they taught you in school but a value of a thing is what it can be exchanged for (which in our age is compared to the currency we use)...the price is defined by supply and demand. your logic is the following: a horse shit value is very high because it can be used for agricultural needs, but because there is no demand and the supply is high the value didn't meet the price, is that what you want to teach me ? Nothing to do with school, I am just surprised we are back here again. ok ... so do you have a wife or children? I usually do this with hand drawn pictures as the example but today I think fingers suit better... So say you have a wife and children ? How valuable to you (and them) are their fingers? to me they are WORTH nothing... and the PRICE I give you for them on the open market is $0 Lets switch this around- do your wife and childrens fingers have any VALUE to you? if so how much are they WORTH to you? and what PRICE will you pay to keep them all in one place with fingers attached to loved ones? more than my PRICE of $0? I bet and why is that? it is because they have more VALUE to you then they do to me, for me the PRICE for your loved ones fingers is $0 for you I imagine and hope a very large figure lets say $100,000 or more So my VALUE for fingers of your loved ones = Nothing Your VALUE for fingers of loved ones = Lots The PRICE I would pay for your loved ones fingers = $0 Your PRICE you would pay for your loved ones fingers = $100,000 Also - you can make inference on the supply and demand- lets try this again with your loved ones hair- there is a large supply of hair - would you pay $100,000 if someone was to cut off your loved ones hair? no and why not ? BECAUSE THERE IS A LARGER SUPPLY!!! and you do not place as much VALUE on the WORTH of your loved ones hair because there is plentiful SUPPLY- and therefore I nor you have any DEMAND for the HAIR , which is why there is NO VALUE, and NO WORTH to the hair- Something with plentiful SUPPLY and LOW DEMAND will have a LOW PRICE - Fingers and heads of loved ones come with a very limited SUPPLY - and also a high VLAUE AND WORTH to you - and so therefore if you had to you would pay a HIGH PRICE to acquire your loved ones back plus all FINGERS AND TOES AND HEAD. Get it? VALUE and PRICE and WORTH are different things... SUPPLY AND DEMAND plays an important role... VALUE is SUBJECTIVE and PRICE IS NOT ... another example- you are in a desert- starving and dehydrated - but you have a large bar of gold... you are dying , you need water or you will die... I come across you , and I offer you WATER for GOLD... But this Gold is worth $1 million dollars you cry... But I live in the desert I reply and I have no use for GOLD , I already have lots of gold, an dI will happily live without anymore Well I will not give you $1 million in GOLD for WATER... Ok cheerio then g'bye... NO WAIT YOU CRY (realising you will die) I WILL MAKE THE DEAL... Then we exchnage the 1 million worth of GOLD for WATER and some FOOD, and you survive... I and my donkeys walk off with 1 MILLION WORTH OF GOLD Why would this happen? did the PRICE of the GOLD change during this ? nope it was and still is worth 1 MILLION.... What changed? the VALUE and what it was WORTH to you changed... the PRICE stayed the same ... Also if there was a greater SUPPLY of WATER, then your DEMAND would not have been so great... and so it would not have been WORTH as much to you. The Price of the GOLD Remains the PRICE - the VALUE is SUBJECTIVE ... just like with your loved ones fingers and toes. ps Also your horseshit thing is not making sense... there is a value to it (it is useful) but not hugely so.. but there is a plentiful supply - a HUGE supply never ending- and so the DEMAND is not so great- there is still a VALUE to it, and therefore SOME DEMAND and so there is a PRICE reached , but the price for a horse owner, (or his neeeeighbour) who has a greater supply, is much lower than it would be for a city dweller who goes to a garden center and buys that shit (hee hee) |
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Anyone noticed that the value of Bitcoin has risen quite a lot the last half year, regardless the price of bitcoin?
Whoa what do you mean by that? The price is the measure of how valuable a Bitcoin is, isn't it? I don't seem to be getting what you're trying to say here. Please enlighten us, man The utility of bitcoin is the sum of the benefits derived from its applications by its users. The value of bitcoin is the size of its transactional economy over a given period. The price of bitcoin is wherever the market happens to clear. Only in the case of perfectly rational actors under perfectly efficient condtions will these three coincide. I don't agree, this is just delusional stuff you are talking, a value of a bitcoin is exactly what it can be exchanged for (in terms of goods and services) compared to what can a dollar (or gold, Euro, Yen...) be exchanged for. Edit: with this logic: gold has no value and a visa card have more value than a Bitcoin.... see this is just horseshit. No ... that is the PRICE of Bitcoin, not is VALUE, they are two totally different things (and WORTH is different thing all together again) PRICE is arrived at often where supply meets demand, and the demand of something comes from how much VALUE is placed on it by people -VALUE is usually quite subjective whilst PRICE is not. SUPPLY - DEMAND VALUE - PRICE PRICE is what you pay and VALUE is what you get. This is stuff people should learn in high school and I cannot believe this conversation is happening at all tbh |
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It is quite easy to be a bitcoin bear in 2014, none of you can deny that. We're almost finished with this year and it has been nothing but down, sideways, down, sideways, down, sideways, up (slightly), sideways, down, sideways, down...
What did Carl Sagon say about insanity? "Doing the same thing over and over again and expecting different results."
If you're not a bear right now, then I'm sorry, but you're just insane.
Wasn't that einstein? Not sagon. But nothing is the same. We are up 400% over the past year. Sagon? eninstein? oh fuck it |
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It is quite easy to be a bitcoin bear in 2014, none of you can deny that. We're almost finished with this year and it has been nothing but down, sideways, down, sideways, down, sideways, up (slightly), sideways, down, sideways, down...
What did Carl Sagon say about insanity? "Doing the same thing over and over again and expecting different results."
If you're not a bear right now, then I'm sorry, but you're just insane.
That quote is from Sigmund Freud... heard of him? And, yes... get a grip on the bigger picture.. 2014 is 7/12th's completed.. or 7.5/12ths or 15/24ths... or 5/8ths complete.. Even if this happens to be an overall "down" year for bitcoin, so fucking what? Sigmund Freud may have said it, but it was originally spoken by Mr. Carl Sagan. 2014 has been one hell of a bad year for bitcoin. It's going to be harder than ever now to convince my friends to invest in an asset that has been decreasing in value steadily for almost a year. I think at this point any potential investor who looks at a long term graph is thinking... "OK, where else can I put my money?" Sorry guys I'm not trying to "troll" you all, but you've got to admit this shit looks bad. meh - wrong on BOTH counts. Also neither Sagan, nor Sigmund Fraud, nor Einstein nor Franklin nor Twain nor Rita Mae Brown are attributed with having coined the phrase... they have all been "debunked" as misattributions. The first ""agreed" printed example is from a 1979 narcotics anonymous booklet. |
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Time in Shanghai - 08:21 Tuesday, 12 August 2014 Take it away  GOOOOOOOOOOOOOOOOOD MMMOOOOOOOORRRRRNNNNNINGGG SHANGHAAAAAAAAAAAIIIIIIIIIIIIIIIII !! What a shame that he passed away today, one of my favorite actors of all time... I know very sad : ( oh fuck.. Robin Williams just died
http://www.washingtonpost.com/blogs/style-blog/wp/2014/08/11/robin-williams-dies-at-63/ RIP you silly funny brilliant man : ( Robin Williams died today! Robin Williams was the Chairman of the Board of the Funny Man Broadcasting Systems, and he died at eleven o'clock this morning of a suspected suicide, and woe is us! We're in a lot of trouble! So. A rich little man with grey hair died. What has that got to do with the price of rice, right? And *why* is that woe to us? Because you people, and three hundred million other Americans, are listening to me right now. Because less than three percent of you people read books! Because less than fifteen percent of you read newspapers! Because the only truth you know is what you get over this tube. Right now, there is a whole, an entire generation that never knew anything that didn't come out of this tube! This tube is the Gospel, the ultimate revelation. This tube can make or break presidents, popes, prime ministers... This tube is the most awesome God-damned force in the whole godless world, and woe is us if it ever falls in to the hands of the wrong people, and that's why woe is us that sweet intelligent wonderful man Robin Williams died. (ft "Network") Fuck it. Woe indeed. |
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Indians scattered on dawn's highway bleeding
Ghosts crowd the young child's fragile eggshell mind
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Time in Shanghai - 08:21 Tuesday, 12 August 2014 Take it away GOOOOOOOOOOOOOOOOOD MMMOOOOOOOORRRRRNNNNNINGGG SHANGHAAAAAAAAAAAIIIIIIIIIIIIIIIII !! |
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