Reanimating
Sorry, never de-animated. If only you "sexy senior citizens" knew how revolting that is to the rest of us. I remember being on the West Coast for the first time, driving the coastal highway with my (still recent) GF. Pulled over for a walk on the beach as the sun started to set. Stuff Harlequin Romance is made of: Sunset, walking barefoot down an empty beach hand-in-hand, love, thinking we're the only ones who matter in the whole world as we came onto a cove. ...With fricking aging naked hippies playing Frisbee, tits and dicks flapping all over the place and the fuckers start grinning at us, they throw us their frickin' Frisbee! Ugh. Just please, NO! |
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^
I didn't argue that the user base can't increase. Only that those who are "likely to be both willing and able to sink heavy moolah into BTC" already know about it. Nothing more.
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Sounds like Alzheimer's, gramps.
Suckered me into actually quoting you. Don't worry little girl, Cialis cures Alzheimer's just great.  Reanimating that old, withered flesh... That's just gross... Stop being gross, grampa.  |
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Blah blah blah... you communist beatniks...
Commies? Beatniks? LOL Is this the late 1950s/early 1960s all over again? Are you the female Barry Goldwater? Quick. Call Joe McCarthy.  ________ Oops. Forgot to take my own advice:  Sounds like Alzheimer's, gramps. You'll get all the freedoms and sponge-baths you need where ur going  |
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Bit disappointed by your response there lambchop. Was hoping to learn something...
I got just the thing for an intelligent feller liek u:  |
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Thought experiment porkchop. The price of bitcoin is high. Newsflow is overwhelmingly positive, adoption rates and infrastructure are steadily increasing.
The price is repeatedly hammered by an early adopter selling out 200,000 coins over a few months. What happens to market sentiment?
If the news is good and adoption rate climbing, how stupid does the early adopter have to be to dump 200k coin? Or, perhaps, it's just the cultist's take on the news? Russia planning to criminalize Bitcoin and the biggest exchange turning over unregistered accounts to the authorities is not good news to everyone, you know  At the end of a bear market the price rises. What happens to sentiment?
The bear market ends BECAUSE the sentiment improves. What could possibly end it otherwise? *Other than by my Beneficent Lizard Master's will, which IS truth, which IS love, and which, as we all know, conquers all. Things I have to explain to you communist beatniks...  |
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...people like fewcoins, aka falling, like to point out that every single person who could or would invest in bitcoin, is already fully invested. this is ridiculously false. like i said, 90% of the world doesn't even understand what it is yet.
But those who haven't heard of Bitcoin aren't potential investors. Grandma hasn't heard of it--but she won't invest even if she did. The "unbanked poor" of the world also aren't likely to. The wealthy elite? They all probably heard. The penny-stock crowd? All over it. Major investment houses? Of course. The point is, the demographic likely to be both willing and able to sink heavy moolah into BTC knows. The remaining 90% are irrelevant. |
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You're totally stupid and idiot ! I can not understand why you sold your house for bitcoin ! And now, where do you sleep? Under bridge? [assumption] [another assumption] [one can hope] [and another assumption] TL;DR: The odds of an intelligent person [really] selling a house for Bitcoin and actually admitting it on the interwebs are slim to none. LOL! Sometimes the stupidity in this thread makes me laugh. People come in making stupid posts without reading any of the background. I suggest people read up on what the OP of the thread has posted and the CBC article on the sale of his house for bitcoin. He isn't the only person that has used bitcoin when it comes to the buying and selling of homes. I'd post the links, but I doubt many would read before commenting something stupid. Instead of people coming into the thread and shitting on the op, you'd think people would be happy for him or at least support him on it. Guess it shows how ignorant some people can be. Bro, u even read? Stop contributing to the stupidity  |
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assuming you invest in a currency of country which has a limited supply of money and you can be pretty sure that it will never be changed.
assume further that this country has the possibility to fill some niches in the global economy
you think it is insane to invest in the currency of this country?
If the currency is inflating @ 10% a year, and its dollar exchange rate has fallen by more than 50% in 2014? Let's just say "not very smart." the dollar exchange rate has increased by around 150 times in the last one and a half years - very smart investment induction as an indicator over time is stupid. you can argue that my assumptions are wrong or that the niche is very small but arguing over charts is beyond stupid if these assumptions are true and the niche is big enough you can say that investing in this "currency" is sane. Bitcoin's exchange rate has gone up infinitely over the past five years. There once was a time when it was worth exactly nothing. Extrapolating from that, your future profits should also be infinite. If you wish to get back to reality, you may consider Bitcoin's performance in recent past. Since December of 2013, the price has been steadily declining. If your reasoning proves anything, it proves entirely too much. It proves that any investment which did well in some distant past is bound to be profitable in the future. Regardless of its recent performance. I hope I do not need to dwell on the folly of such assumptions. Re. "induction as an indicator over time": wat? what I said is that you cannot take the price as an indicator of the quality of an investment - you cannot build a theory from observation if the observation is constantly changing (as the price or the chart of bitcoin). So much for watching walls and all the TA silliness... Sadder still, so much for the notions of price reflecting the market sentiment. what you can do instead is build a set of assumptions and say if they are valid or not valid.
If price does not reflect worth now, assuming that it will in the future requires an irrational leap of faith. If you like that logic stuff. to be fair you need a point of reference - according to this http://www.reddit.com/r/Bitcoin/comments/1sowur/how_is_a_2600000000000_market_cap_for_btc_possible/the market cap of gold is 8 trillion, the one of us bonds is 35 trillion - bitcoin at this point of time is 5 billion [I think most people do not realise how small this on a global scale]. so golds market cap is more than 1000 times higher than the one of bitcoin - I assume that bitcoin never catches up, but to assume that there is place to grow is definetely not insane. at this point we do not know how big the niche of bitcoin in the financial will be and let us not end arguing about pascals wagers, but that the niche is potentially existent is reasonable. But Pascal's wager is exactly the fallacy you're leaning on. You are ignoring all recent price data (showing that demand for Bitcoin is declining) in favor of extrapolating from the potential upside. By that logic, I should invest in any d00d who tells me he'll conquer the world. The upside is limitless, the downside finite. Here's the problem with your reasoning: The likelihood of Bitcoin becoming world's major currency is slim enough to make me (and my Lizard Overlords) laugh. If it does become a threat to the status quo, it will be banned--already talk in Russia of criminalizing it. It won't vanish, but it certainly won't thrive.  A couple of brief points. Firstly, sentiment reflects price, not the other way around. Secondly, you seem very happy to post the chart from the recent ATH to now - I wonder why. Others, myself included prefer to quote the long term multi year log chart, or perhaps a chart from 275 upwards to now. Based on those charts bitcoin is in fact trending upwards. Your argument against bitcoin rising to become a global reserve currency is a bit silly. Bitcoin doesn't need to be more than a tradeable digital asset and it can still move up two orders of magnitude easily in market cap valuation. A couple of brief replies: 1. Nonsense. Price reflects sentiment. 2. Nonsense. I prefer to post the chart from Dec. 2013, when the price bubbled to over 1k. Not the puny 417 recent "ATH." 3. You don't know what "a couple" means. Regardless, I said "world's major currency"--one of many. Not world's reserve currency--that's just wacky! Anyhow, I was replying to an arguments extrapolating Bitcoin's potential worth from gold market cap. Ridiculous, I know, but I like to entertain the most outlandish ideas. If only to deposit them in the dumpster, where they belong  |
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the wealth of the 1% richest people is >110 trillion $. (btw this is much more then the poorest half of all people on this planet have)
so if 1% of the richest put 1% of their wealth in bitcoin we would have a market cap of >1,1 trillion $ just by being a store of value.
If just half of the people on Earth send you a penny, you'd be a multimillionaire. What's your point? |
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assuming you invest in a currency of country which has a limited supply of money and you can be pretty sure that it will never be changed.
assume further that this country has the possibility to fill some niches in the global economy
you think it is insane to invest in the currency of this country?
If the currency is inflating @ 10% a year, and its dollar exchange rate has fallen by more than 50% in 2014? Let's just say "not very smart." the dollar exchange rate has increased by around 150 times in the last one and a half years - very smart investment induction as an indicator over time is stupid. you can argue that my assumptions are wrong or that the niche is very small but arguing over charts is beyond stupid if these assumptions are true and the niche is big enough you can say that investing in this "currency" is sane. Bitcoin's exchange rate has gone up infinitely over the past five years. There once was a time when it was worth exactly nothing. Extrapolating from that, your future profits should also be infinite. If you wish to get back to reality, you may consider Bitcoin's performance in recent past. Since December of 2013, the price has been steadily declining. If your reasoning proves anything, it proves entirely too much. It proves that any investment which did well in some distant past is bound to be profitable in the future. Regardless of its recent performance. I hope I do not need to dwell on the folly of such assumptions. Re. "induction as an indicator over time": wat? what I said is that you cannot take the price as an indicator of the quality of an investment - you cannot build a theory from observation if the observation is constantly changing (as the price or the chart of bitcoin). So much for watching walls and all the TA silliness... Sadder still, so much for the notions of price reflecting the market sentiment. what you can do instead is build a set of assumptions and say if they are valid or not valid.
If price does not reflect worth now, assuming that it will in the future requires an irrational leap of faith. If you like that logic stuff. to be fair you need a point of reference - according to this http://www.reddit.com/r/Bitcoin/comments/1sowur/how_is_a_2600000000000_market_cap_for_btc_possible/the market cap of gold is 8 trillion, the one of us bonds is 35 trillion - bitcoin at this point of time is 5 billion [I think most people do not realise how small this on a global scale]. so golds market cap is more than 1000 times higher than the one of bitcoin - I assume that bitcoin never catches up, but to assume that there is place to grow is definetely not insane. at this point we do not know how big the niche of bitcoin in the financial will be and let us not end arguing about pascals wagers, but that the niche is potentially existent is reasonable. But Pascal's wager is exactly the fallacy you're leaning on. You are ignoring all recent price data (showing that demand for Bitcoin is declining) in favor of extrapolating from the potential upside. By that logic, I should invest in any d00d who tells me he'll conquer the world. The upside is limitless, the downside finite. Here's the problem with your reasoning: The likelihood of Bitcoin becoming world's major currency is slim enough to make me (and my Lizard Overlords) laugh. If it does become a threat to the status quo, it will be banned--already talk in Russia of criminalizing it. It won't vanish, but it certainly won't thrive. |
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Edit: When you consider the likely response of governments, which we all know are on the central bankers' leash, the "investment" starts looking even less sane.  If Governments had outright banned it we would probably be worth more than we are today. Instead people are waiting to hear. w/e..distribution takes time. If you have no ability to envision the future, the future where bitcoin plays an integrall part..then maybe you should be spending this portion of your life elsewhere? Your conviction in Bitcoin's worth increasing after being banned by governments... makes me a bit weary of taking you seriously. |
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edit: anyone want to buy some amazing land for bitcoins?
Post or PM specifics. |
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assuming you invest in a currency of country which has a limited supply of money and you can be pretty sure that it will never be changed.
assume further that this country has the possibility to fill some niches in the global economy
you think it is insane to invest in the currency of this country?
If the currency is inflating @ 10% a year, and its dollar exchange rate has fallen by more than 50% in 2014? Let's just say "not very smart." the dollar exchange rate has increased by around 150 times in the last one and a half years - very smart investment induction as an indicator over time is stupid. you can argue that my assumptions are wrong or that the niche is very small but arguing over charts is beyond stupid if these assumptions are true and the niche is big enough you can say that investing in this "currency" is sane. Bitcoin's exchange rate has gone up infinitely over the past five years. There once was a time when it was worth exactly nothing. Extrapolating from that, your future profits should also be infinite. If you wish to get back to reality, you may consider Bitcoin's performance in the more recent past. Since December of 2013, the price has been steadily declining. If your reasoning proves anything, it proves entirely too much. It proves that any investment which did well in some distant past is bound to be profitable in the future. Regardless of its recent performance. I hope I do not need to dwell on the folly of such assumptions. Re. "induction as an indicator over time": wat? Edit: When you consider the likely response of governments, which we all know are on the central bankers' leash, the "investment" starts looking even less sane. |
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assuming you invest in a currency of country which has a limited supply of money and you can be pretty sure that it will never be changed.
assume further that this country has the possibility to fill some niches in the global economy
you think it is insane to invest in the currency of this country?
If the currency is inflating @ 10% a year, and its dollar exchange rate has fallen by more than 50% in 2014? Let's just say "not very smart." |
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You're totally stupid and idiot ! I can not understand why you sold your house for bitcoin ! And now, where do you sleep? Under bridge? [assumption] [another assumption] [one can hope] [and another assumption] TL;DR: The odds of an intelligent person [really] selling a house for Bitcoin and actually admitting it on the interwebs are slim to none. |
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eurch jorge is back. It's been lovely without him.
A well-mannered, erudite and enlightening comment. Thanks for contributing.  |
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As long as it's not Bitcoin, or...  |
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[Transspeciophobic insult]
Species identity issues? |
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^ Talking to me?  |
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