What you described above is 100% spot on.

Japan is fighting Deflation.... Deflation is when you can buy more with your money... Alas! But we thought that was a good thing... yes it is good for us, the normal people. But deflation is not good for the big capitalist pigs... Deflation causes the Machine to lose profits, and to hold on to profits and report good earnings per share the companies then have to lay off workers.

We are all in this together, like it or not. Better start liking it now and understand it so we can all learn how to benefit.

QE, as STT described above, creates Inflation which is the pressure the machine needs to make the market work and move around. It also weakens the currency, which is the bad-ass thing to do now by many countries in order to compete in this global economy.

I know, the world is all fucked up because of a few that want to make money. Either join the Bitcoin revolution or learn the game and f@ck them in the arss.

Thanks POSSUM577!

1) I personally think that is it both... A fiat type and a Gold type... Gold, Just because we assign value to bitcoin based on demand, rarity, difficulty to create or extract. And Fiat because it is a means of payment backed by the miners...

But Bitcoin is also a system: Bitcoin itself is the method of paying or sending money to someone, bitcoin is also the method of using that money sent to buy things... and Bitcoin stores value and one can say it is an investment.

One interesting note is that Bitcoin Peaked when it touched Gold price. 1oz of Gold was worth 1BTC.. A huge accomplishment by the Bitcoin community.... I think hat is when people thought Bitcoin is not worth more than an ounce of gold.. and they woke up from this frenzy and said, enough.. I'm selling.. And that created a snow ball effect.

2) For Bitcoin to be an investment... it needs to appreciate in value.. and we know Volume (coins purchased, traded, stored, etc.) is what will make that happen. In order to have volume, we need to solve the issues you described above. The need for this redundant steps to get Bitcoin.


I personally see it as an investment, I don't go out purchasing stuff with Bitcoin, I have had but not anymore. I am very long on Bitcoin. I will start using it to purchase when we touch $1000 again. But once we hit that target who knows... we may see higher prices.

Our generation is smart. Mobile payments are coming. They will be how we do business. Younger generations, the High school, elementary school and KG kids will grow knowing mobile payments. There will be no magical wave of a phone or scan of a QR code to get money. For them this would be just the norm. And Bitcoin will be one more way of paying or sending money. They will understand this no problem.

As Bitcoin grabs the attention of millions more.. then the coins will have to spread. Just four years ago you heard of guys mining 1000 Bitcoins in a week. And holding thousands of coins. Now it is rare when you find someone with 10 coins. Most will carry 1 or a faction. This ratio will keep going. People will only have 100 Satoshis or less. So us with full coins will be powerful.

Bitcoin can be divided 10^−8... and every little Satoshi is as important as the whole coin. Every little one can be used as a proof of something...We just need to give it the value to that proof.

Thanks for the offer. Let me think about it. I don't want to impose anything on you and wouldn't want to have you spend money on hosting and web design. I appreciate the offer. If you think there is something of value that we can do, then I am in.

OMG, read a little and come back to us...

I did say, some is printed... the rest is just on books.. for now.

When the government "prints" money.. for some part yes, paper bills are actually printed... But for the greater part, money is created on books and notes... out of thin air my friend.


When the government is to "print" money to bail out Banks... you think the banks give a shit about having actual paper money? No, they just want to erase their debt on book. This Air Money provide them the backing they desperately need to prove their investors they have now financial support...

You really think the government is printing billions of One dollar, 20 dollar, etc etc bills?

Please please.. read and read some more.

In what we can agree is money is been created out of thin air...

Most farm as subsidized by the government.. Not your backyard farm.


Correct, when we say the government provided the roads we mean they call for the construction and pay the private industry, like you said, not that the government actually paves the roads.

The main point, without going into splitting hairs is that... Taxes (or some for f community collecting) will always exist, that is, if you want to have infrastructure and use services.

 

How would you pave the roads or build school or build hospitals genius?

Oh, yeah, a community effort... where everyone pitches what they can... oh wait a minute... Joe has a bigger farm than me, maybe he can pitch a little more... oh but wait, he makes great produce and his volume keeps the vegetables affordable..ok, well, lets come up with a table where we everyone is placed into categories of how much they can pitch in based on what they make... and let's name our trusted, smart, Yale graduate as the keeper of this log..... Fucking bingo... taxes and some form of government...

Or everyone can just go fuck themselves...

Someone has to hoard coins to make them valuable... if the bank hoarded Camel shit... it will too become a priced object...

Imagine all those taxes on buying or having a camel... and camel food taxes and prices... Let alone the risks of having a camel as a mascot...

Camel shit would be the gold standard.

QE is like the weight you put on your steak to keep the juices...

So you think this is the first time in the history of every country that money is being printed? It is always been printed! And BTW, money is not literally printed, well some is but mostly it is cerated out of thin air... on books and ledgers..

Unfortunately, we live in a market machine... QE is needed by us, and by them... Unless we don't want computers, internet, or anything..

Try paying your fellow bitcoin miner with a bag of apples...

I don't need to have a business to understand the potential... Thanks, but having a business online does not make you special.

Are you controlling your own destiny? Tell me how you still go fiat.

It is very complicated.

How is Bitcoin valued against?... USD, Yuan, Yen, Euro...?

if it is lets say $100 USD... 614.295 Yuan... If USD Rises in price... What is Bitcoin's price?

They need Yellen...


Japanese QE might just work... who knows..

Thanks for the reminder...

Do you feel more free? Please explain.

technical analysis... Market would be too complicated.. The chart price, volume is form Bitstamp.



Good news is Bitcoin is still range bound. It will be a very interesting December.

0.764 holding it nice.

Bearish SAR points are been wasted here as the coin goes up in price. This may signal a bullish sentiment.

That's the best way to learn. The core idea sticks better...

This should be a sticky post.

Most people believe they know what a bitcoin is... specially since people talk about mining... as if mining creates coins.. instead of rewarding mining with coins... which is nothing like mining at all.

Care to explain double spending? Using the same scenario?

While at it, it wouldn't hurt to explain "mining" too.

Thanks OP!

leen93,

I agree with you that if something goes up does not have to come down just because it went up. Companies and currencies go belly up. So yeah I agree there.

So forgive me if I made it sound like the auroras to come up just because.

But the truth is that there are many reason why the euro will eventually head up in the next year. And without getting into much discussion I said that it will go up.

Printing Money so far has worked for USD. Which is the strongest fiat at this moment. Would it run forever up? of course not.

QE worked for US, I am betting Euro will also work.

Someone mentioned that if you don't need to sell, don't. And I think maybe that is OP's 1st step.

Thanks cyberpinoy

I agree with pretty much everything you said about comparing crypto to fiat. There's really no country thats currently dependent on Bitcoin to survive, so there is no demand, and there is no need for it for economical growth for any country or entity. So to invest on it or trade it is pretty much up as a guess.

However I do think Bitcoin offers a solution to a world problem.

But let's set that aside.

The reason I am applying TA as would do a day trader or market investor is because Bitcoin has traded following these patterns. I agree Crypto markets re nothing like forex markets. But I know there are thousands of peoples trading bitcoin. Possibly ten's or hundreds who knows. And these are Traders, real ones. And these guys are not glued to theirs screens all the time. They trade with algorithms and software. And these follow market like patterns, sell alerts, buy alerts. And this is why I mentioned I think Bitcoin is and may get more predictable, until it is not of course.

A lie that everyone repeats and holds becomes the truth. A pattern that everyone uses becomes a trend, and viceversa.

Thanks again for your comments. And please feel free to add as I would really benefit from tips and help from a knowledgeable person like yourself.

BTW, Bitcoin price at time of posting was $380 with a top at $394 Bitstamp. I mentioned Bitcoin was heading towards $400, I was shy $6 USD. But the chart still shows and up trend so we may break that.

I was looking for this answer.. found it.

+1

Trading forex can be seen as an investment. Buy $1000 USD worth of Rubles now. And wait a year and sell back to USD. I bet you will be making 30% ROI easy. The reason: Russia hoarding gold to protect their economy and OPEC may cut oil production and oil may stabilize or get to $80 a barrel.

But yes, we are diverging from OPs question.

I guess I would answer yes, sell Bitcoin for Euros and save them for half a year. You would be getting 307 Euros per today's BTC price.

We are at almost all time historical USD to Euro rates. And Euro is about to approve their own version of quantitive easing. Which saved USA, should also save Europe from a crisis. I bet you can also get about 20% ROI.

But then again, at these bitcoin prices... why sell?

+1000

Interesting, do you have any links to look at these volumes?

These are the kind of news that can bring the coin lower.

BTW, BTC heading to $400 here in a day or two. Will update as needed.