Because your implied point wasn't clear, obviously, rudey.
Bitcoin is not illegal last time I checked.
Not yet, but you've forgotten what I'm replying to, though it was posted by yourself just a few minutes ago: I suppose one 'angle of attack' against btc is to try and de-anonymise it as much as possible and kick away one leg propping up its price to a degree, dark web transactions. Even if that is just a perceived change of safety amongst potential users it could be effective.
Still it hasn't been an even remotely effective strategy with conventional bit torrent.
I understand a chipmunk's long-term memory is only three days long--the acorns burred before that are forgotten. Yours is clearly much shorter--a fun fact you'll forget in a few minutes.  |
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Jaywalking, child porn, media pirating and bitcoin are all the same... great comparison.
File sharing and Bitcoin--with proponents openly claiming to make fiat obsolete are the same... great comparison.  |
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^ So thaat you can come back with something equally clever and apropos, like "I cannot recall you having any argument for why water is wet, enlighten us <durr emoji>." Not falling for your fiendish ploy, bro  |
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What is your point lambchop?
Governments don't care about people downloading dvd rips on torrent, industry does. And they lobby western governments hard to try and protect their dwindling resources.
Childporn is criminal and should be pursued by the police with whatever powers they have.
My point is jaywalking is criminal too, though governments will not make as great an effort to stomp out jaywalking as they would with something which threatens their very lifeblood--money. Why does such shit need to be explained? Am I talking to a wayward child blowing off school to troll the intertubes? How old ru bro? |
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I suppose one 'angle of attack' against btc is to try and de-anonymise it as much as possible and kick away one leg propping up its price to a degree, dark web transactions. Even if that is just a perceived change of safety amongst potential users it could be effective.
Still it hasn't been an even remotely effective strategy with conventional bit torrent.
Because governments don't really care that much about you sharing child porn and DVD rips? |
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I may have forgotten Lambchop, but I cannot recall you having any argument for why the price will drop in the medium term, other than "see the recent chart". Enlighten us Non sequitur? Enlighten us |
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b) Your "price inflation" is bullshit of course. Otherwise, I'll go back one more year, and suddenly Bitcoin becomes hugely deflationary. Meaning, I don't get to cherry pick the periods of the market where BTC/USD hugely increased, so you don't get to cherry pick the period where it decreases. The market valuation of one bitcoin is simply not the issue here - otherwise, I point to market valuation since inception and point out we're still up more than 100,000%.... "Cherry pick the period"? You mean choosing a year when discussing yearly inflation rate? Choosing the 1 out of 4.5 years of trading in which price is (mainly) is down to discuss, in rather general terms, the "yearly inflation rate"? That's cherry picking, absolutely. Average over the entire time, or break it down by year (starting mid/late 2010) You trying to arguing such nonsense borders on trolling, oda.krell. I refuse to believe you can't understand how absurd your stance is. When talking about USD yearly inflation, do you average it over the entire life of the dollar? Or do you use the recent year data? The attempt to include Bitcoin's heyday is interesting, though. If you average Bitcoin over it's entire lifespan, you will have to include the price at Bitcoin's inception, which would be 0 (zero), any other point would be rather arbitrary, or "cherry picking," as you put it. With zero as a starting point, any increase in BTC/USD price, percentage-wise, is infinity. Even if the price went back down to $0.01/BTC. So yeah, Bitcoin's value has increased infinitely since its inception. Good point. In the past year, tho, the price has tanked by ~65%. That's some serious sound money. ~Happy Investing! |
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... "Government is selling BTC" is enough positive information for me, if you understand what I want to say  It is sorta funny. 1. Take Bitcoin away from Bitcoiners. 2. Sell Bitcoin back to Bitcoiners. 3. PROFIT! 4. GOTO 1. |
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Sound money ( gold and bitcoin included ) WILL break up to it's real price in the future.
 Quite fitting, your GIF rebuttal has as much substance as fiat. It does look pretty though... weeee! Substance? As opposed to Bitcoin? To put things in perspective, fiat has been ~x3 better store of value than Bitcoin over the last year. You may now return to your delirium. |
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b) Your "price inflation" is bullshit of course. Otherwise, I'll go back one more year, and suddenly Bitcoin becomes hugely deflationary. Meaning, I don't get to cherry pick the periods of the market where BTC/USD hugely increased, so you don't get to cherry pick the period where it decreases. The market valuation of one bitcoin is simply not the issue here - otherwise, I point to market valuation since inception and point out we're still up more than 100,000%.... "Cherry pick the period"? You mean choosing a year when discussing yearly inflation rate? |
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Stolfi has bet his reputation on the fact bitcoin is gonna fail, if it was driven to new highs by fake volume he'd probably kill himself.
Lol @ thinking that normal people are emotionally invested in this pump & dump  via Imgflip Meme MakerIf this idiot thinks they're not invested why do they invest all their time on the speculation thread. ... I'm here to watch you rage as you stubbornly lose money--in other words, for teh lel. So now you know   |
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^ |
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I don't see much difference between the output of a bot and that of most people I have ignored. ...
Two possible reasons for this: 1. There is no difference 2. You have the acumen of a rusty bucket. Keep taking pride in willful ignorance & shitting up the thread with "I lost thousands by ignoring my betters, durr!!1!"--I couldn't care less. |
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^
TLDR:
Bitcoin monetary base inflation = ~10% YTD
Bitcoin price inflation = ~65% YTD
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Sometimes I'm almost tempted to see what LambChop is saying stop lying, but then I think nahhh
FTFY |
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Sound money ( gold and bitcoin included ) WILL break up to it's real price in the future.
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Stolfi has bet his reputation on the fact bitcoin is gonna fail, if it was driven to new highs by fake volume he'd probably kill himself.
Lol @ thinking that normal people are emotionally invested in this pump & dump |
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Could this be a way of accumulating larger quantities of bitcoins, without really moving the market too much or running the risk to get dumped on (bid wall)?
Every buy could be. Unlikely, improbable, but not impossible |
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^ ChartBuddy tells me that his friend, pumpbot, is not up to the job. Price @376 |
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... At least someone who knows the term "monetary base inflation", but that is still not the kind of inflation, that really matters to a consumer, so I don't get, why people are referencing it all the time. But anyways, your calculation still doesn't make much sense. In case you just didn't see my Edit: "value flown into bitcoin" is definitly not, what people paid on exchanges for Bitcoins. You have to take mining equipment and electricity into account. I'm not certain you understand what inflation is, so I'll give you an abridged definition from Investopedia: "DEFINITION OF 'INFLATION'
The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling."Note that "value flown [sic] into [currency]" is conspicuously absent. That's because it has nothing to do with inflation. To offer an example: If the US FED started spending trillions of dollars a day on printing presses, and paying its employees trillions of dollars an hour, USD inflation rate would not be any lower |
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