That does NOT necessarily mean the adoption of BTC... Amazon is so huge that they would creatively be able to manipulate some kind of centralized Amazon coin while attempting to appear to be equivalent and/or superior to BTC... NO?
They can try. It might not even be completely unsuccessful. Centralized currencies have several barriers that are hard to surmount however. How many will be willing to buy into a currency from a company that is effectively in thrall to the US govt? |
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But with bitcoin it will always be easy for people paying attention to take physical possession of their own coins in their own wallets. The only way to stop this is to make it illegal entirely, which exposes the scam.
However, this didn't stop them with gold. |
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450 tonight?
Not sure about 450 but I'm sure there will be a lot of 420. |
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anything to this ..margin calls and market manipulation causing the btc to drop so whales can play games?
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bitcoin game over!
do NOT buy bitcoin, bitcoin is going to nowhere but down! buy more lose more! cut loose now!
The only way to be safe is to rid yourself of your coins as quickly as possible. Forward them to the following address where they will be safely disposed of... |
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If Amazon can find a way to use BTC to gut Paypal, it'll happen.
This is quotable. Succinct, penetrating. Now to invent the way. Consider the Kindle. Consider Whispernet. Now consider a small, low-powered, long run-time e-ink based wallet with free, universal connectivity that displays ads for Amazon crap when it's not being used with one-click purchase. Game changer. (Though there's a chance Amazon would attempt this with their own currency first) |
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Hence, this strikes me as a trap. I might also be saying that, though, because I fell for the last trap. I am starting to realize that I am out of my depth playing a card game with a guy outside a shop in New York.
As long as the guy is not the naked cowboy and the game is not strip poker. |
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I would say that Amazon would love to enable BTC, but TPTB doesn´t let this happen.
My theory is that if Amazon accepts BTC, they won't simply be plumbing Coinbase into their existing system, they will be wanting to extract every last $ and BTC they can so we'll see something extremely vertical possibly up to and including an Amazon exchange. Make no mistake, Amazon and Ebay/Paypal is the next big tech company battle getting ready to face-off. If Amazon can find a way to use BTC to gut Paypal, it'll happen. |
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this means I cant waste my time typing words and figuring a way so a retard like you would understand, this picture does it...but who am I kidding, I know that you still don't get it. Get a room, you two. |
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That's really shallow. I think a lot of people are holding off to see where this goes. Hopefully that's a good sign. Could get worse for a while longer yet though. |
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Of course we have volume now compared to the last few weeks; everyone is running for the exits! I don't think that's the type of volume most people here have been waiting for, no matter how the bulls try to twist it...
Just shaking out the weak hands (That one is dedicated to Gloomskit). |
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What's happening is people are taking profits and cutting their losses after a breakdown? Or is that too realistic?
Surely anyone can only take so much of living in their parents' basement while they're holding tens of thousands of bitcoins however much they believe in it. It's not a bad time to take some profits. I would say it is actually a terrible time to take profits. Should have done it weeks ago if one wanted to maximize that profit. That, or hold on until the next run up. And make no mistake, there will be one. Nope, it's not the *best* time to make profits but we're still well above 500 which, if you were mining sub-dollar bitcoins and suddenly school is over and you have to start making your way in the world, is a very tempting target. |
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What's happening is people are taking profits and cutting their losses after a breakdown? Or is that too realistic?
Surely anyone can only take so much of living in their parents' basement while they're holding tens of thousands of bitcoins however much they believe in it. It's not a bad time to take some profits. |
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You know what's the best part about the current crash? During future crashes, ShroomsKit will have lost all moral high ground to complain about the "weak hands" ^_^
... who am I kidding. He will rant on, as he (or: they) always did. Funny guy.
I'm not a weak hand. I simply know when things are over. |
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Looks like I picked the wrong week to quit sniffing glue.   |
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old coins are coming out of the closet?
gaycoin is over. On a more serious note, by offering definitions of distinct concepts of utility, value, and price, I was hoping to provide clarity. Value, in particular, being rather abstract, tends to be used in especially diverse ways. mmitech (who was quoted above, from behind the wall of ignore) infers a useful point: Exchange value is one of the diverse ways in which the word "value" is used. I offered a definition of "value" which was intended to add clarity by being technically accurate, a term of the monetary art, but it can't hope to do justice to the range of ordinary English language. Perhaps the best way to add clarity in ordinary language is with modifiers, as e.g. "exchange value", "relative value", "functional value", and "monetary value". You were correct in your statements. There is an old saying, "He knows the price of everything and the value of nothing." They are two distinct concepts. Man, my *third* strike on being behind the curve this morning :/ |
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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.
That is the *price*. Value is subjective. A photograph of my grandmother would have more value to me than to you. When people value things differently, they may exchange things in something we call "trade" with a net increase in value to both. This is the foundation of a free market. |
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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, Příbor, 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. Yes, an earlier poster attributed it an Alcoholic Anonymous handbook from 1979, which may or may not have been penned by Carl Sagan  I'm running a little behind...  |
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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, Příbor, 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. |
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Haha. Been asked that question too many times. |
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