lol it was 3% last time i checked. operation stabilize US economy Complete! 3% is the threshold. If it hits 4%, the apoc begins. At 5%, no hope for a cure. |
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see am sleeping right now and i can tell we're going up because I hear
bonk bonk bonk ping beep bonk bonk bonk bonk bonk bonk bonk bonk bonk bonk bonk bonk
this means moon.
Didn't the great oracle Walsoraj predict a mini bubble in Sept? Let me check... Yup, he did.   We are going to settle around $500 until early Sept. Then mini-bubble followed by stagnation until mega-bubble in March 2015.
Epic prediction, Walsoraj. Your quote deserves a daily bump until Moonday. Epic bump and original prediction, Walsoraj. You deserve much praise. |
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Well, it seems to be a consensus that the utilitarian demand (people buying BTC to pay for things) is still much less than the demands for day-trading and investment. Like gold, but without the millennia of brainwashing of "gold is precious". What signs of strengthening do you see? I am half-joking. But my other posts are dead serious. |
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I'm betting on an altcoin eventually supplanting Bitcoin, possibly as soon as the next bubble phase. Ripple is a strong candidate.
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As for economical, political, social and practical issues, wouldn't it be better for your colleagues in these other fields to comment? You are entitied to your views in these areas, of course, just saying these areas may not be your expertise.
The problems and argument flaws that I see are simple enough that one does not need to be a specialist in those fields to understand them. On the other hand, some of them (such as the risk of theft) require knowledge of computers and cryptography that experts in those fields rarely have. Moreover, few of them seem to care enough about bitcoin to learn about its economic and social fabric (exchanges, funds, payment processors, scams, miners, castles, frappucinos, ...) Everyone knows you are a paid troll here to stir negativity and doubt. Otherwise you wouldn't have a reason to spend so much time here. False dichotomy, for example. |
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if i have a bitcoin wallet, and my friend living on mars has a bitcoin wallet, and i sent him a bitcoin, does the bitcoin travel faster than the speed of light?
Yes. Please send more fiat to your favorite exchange. |
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would be interesting see his technical opinions about the bitcoin protocol
We went through this, perhaps 4000 pages ago... I have no technical criticisms about the protocol. I am satisfied that it works as it was claimed to do. There may be some efficiency problems, but I am willing to assume that they can be solved in due time. My skepticism about its longterm success is due to economical, political, social and practical issues. Many of the predictions that bitcoiners take for granted seem highly improbable to me. They minimize, or ignore altogether, many problems (such as the risk of theft) that I believe are quite serious. And so on. Bitcoin's attraction to informal fallacies reminds me of numerous pseudosciences. Some of the most insightful articles I've read about Bitcoin highlight the community's cultish attitude. Jorge, you are looking at this in the wrong light. Cults and pseudosciences can persist through almost any obstacle. In fact, obstacles typically embolden the followers. Thus, Bitcoin may survive and thrive for quite a while longer. For all the wrong reasons of course. But, that doesn't mean it isn't a good investment. |
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We are going to settle around $500 until early Sept. Then mini-bubble followed by stagnation until mega-bubble in March 2015.
Epic prediction, Walsoraj. Your quote deserves a daily bump until Moonday. Epic bump and original prediction, Walsoraj. You deserve much praise. |
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Jorge, when you refer to "the Chinese," do you mean their exchanges or fiat from Chinese traders, or both? I suspect any new fiat entering Chinese exchanges is from Coinbase. If that is the case, then the US is sustaining the price. Party ends when Coinbase runs out of options.
I mean the traders at the Chinese exchanges. I suppose that they are still mostly Chinese citizens. You say that one can deposit CNY into them through Coinbase? Directly, or indirectly (Coinbase deposits at Bitstamp and arbitragers bring coins from China to sell there)? The latter would generate volume at Bitstamp, which I don't see happening. Or do you mean the international branches of Huobi and OKCoin? If Coinbase is using the Chinese exchanges, when whould they have started? Yes, I meant the international branches. Coinbase likely increased its usage of Chinese exchanges after Bitstamp stopped permitting withdrawals for businesses. Unclear exactly when that was. My guess is 2-3 months before Bitstamp severed its relationship with Unicredit Bank. |
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Try and find a quote where I call Chinese volume "fake". Should be difficult (or very far into the past, maybe).
Sorry, from the bottom caption that you put in that image I inferred that you thought so. Just for the record, I do not think that the Chinese are going to drive the price to zero. Quite the opposite, I believe they are the ones still holding the price at the current level. Without them, the price woud certainly be as low as the 350$ of Apr/11; perhaps as low as 150$. But you know that I think that. Jorge, when you refer to "the Chinese," do you mean their exchanges or fiat from Chinese traders, or both? I suspect any new fiat entering Chinese exchanges is from Coinbase. If that is the case, then the US is sustaining the price. Party ends when Coinbase runs out of options. |
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2. I've heard a few large players say they wont be selling, and neither will I (those same players and myself were selling last time)
3. Everyone is expecting a drop now and most dont care if it happens
... (there is some justification for that hope)... Jorge, that is positively bullish for you!! The Bitcoin Collective is slowly assimilating him. |
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Because of your avatar, is everything you say actually the opposit? Not always and not due to my avatar. Good luck figuring it out. |
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Burn your fiat  Do not try to acquire more fiat. That's impossible. Instead try to realize the truth: There is no fiat. Then you'll see that we escaped Earth's gravity well long ago. It is not your fiat that increases, but your rocket thrust that decreases. |
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