No, you're wrong. Bitcoin's price, in relation to USD, has fallen by two thirds this year, while the supply has increased by ~9%. Basic supply/demand equilibrium suggests that the demand has ... decreased  2014 is not going to help you much longer. Use it at your dishonest convenience while you still can  I simply state facts, clear and verifiable, and you sperge out at me. Why the butthurt, bro? I don't see facts, I see convenient dishonesty. I don't see clarity I see a troll hiding behind disingenuous arguments. The only clear and verifiable fact we can interpret from you posting is that you are a mental case, or more commonly labeled, a psychopath. Bro, you're simply overinvested. Let go of the butthurt and learn! |
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Bitcoin did not appear in 2014. Neither did the dollar. WTF does that have to do with anything?
And no, I'm not looking for advice or insights, don't be absurd. I consider eradicating idiocy my noblesse oblige.
U don't even need to thank me.
How noble of you  It has to do with Bitcoin buying power having appreciated by several orders of magnitude against the USD since its inception. That would show that demand does indeed supercedes supply and therefore the inflation of Bitcoin is not comparable to fiat currency inflation. Idiot. Look, Bitcoin went up in price, bubbled, floated up to the surface like a bloated corpse, popped, and now it's slowly sinking. Once the demand was growing (it had to, since Bitcoin started from nothing), and now the demand is dying. Dying all year long, as is made obvious by the falling dollar price and dropping buying power. Today, bitcoin only buys 1/3 as much as it did in 2013. Nothing lasts forever Of that I'm sure I crie evry tiem! |
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No, you're wrong. Bitcoin's price, in relation to USD, has fallen by two thirds this year, while the supply has increased by ~9%. Basic supply/demand equilibrium suggests that the demand has ... decreased 2014 is not going to help you much longer. Use it at your dishonest convenience while you still can I simply state facts, clear and verifiable, and you sperge out at me. Why the butthurt, bro? |
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Anyone with a rudimentary understanding of Bitcoin would realize that Bitcoin is not a deflationary, but an inflationary economy currency. Bitcoin's money supply is currently inflating at 10% a year.
Anyone with a rudimentary understanding of Austrian economics would realize that it has been kicked to the curb by modern economics. Some parts of it were incorporated, others simply left out to rot--so that passing children could point their fingers and laugh.
Anyone with half a brain would realize Bitcoin's inflation is not comparable to fiat currencies inflation. Anyone with a rudimentary understanding of history would realize Austrian economics has been kicked to the curb by incumbents who profit from Keynesian system. Yeah yeah yeah. Fiat's buying power has TRIPLED relative BTC in the year 2014. "We just never had a chance to make it work, IF we did, it woulda been awesome!" Sure. Show me some product  Bitcoin did not appear in 2014. I'm not sure what is more tragic, your short-sightedness or the fact that you literally spend hours on this forum trying to convince yourself you are right. A quick look shows me you average 40 post per day on this board this month. If, as you have mentioned earlier, trading is not a cooperative game, then why are you here? Surely not for trading advice or insights. Your insolence and high horse approach is certainly not helping anyone reconsider their interest for Bitcoin as well. So what is your purpose here? Why are you so obsessed with Bitcoin. Bitcoin did not appear in 2014. Neither did the dollar. WTF does that have to do with anything? And no, I'm not looking for advice or insights, don't be absurd. I consider eradicating idiocy my noblesse oblige. U don't even need to thank me. |
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Anyone with a rudimentary understanding of Bitcoin would realize that Bitcoin is not a deflationary, but an inflationary economy currency. Bitcoin's money supply is currently inflating at 10% a year.
Anyone with a rudimentary understanding of Austrian economics would realize that it has been kicked to the curb by modern economics. Some parts of it were incorporated, others simply left out to rot--so that passing children could point their fingers and laugh.
Anyone with half a brain would realize Bitcoin's inflation is not comparable to fiat currencies inflation. Anyone with a rudimentary understanding of history would realize Austrian economics has been kicked to the curb by incumbents who profit from Keynesian system. Bitcoin has an inelastic supply, so it is inflating faster than fiat, however the market demand is inflating at a few orders of magnitude grater than than supply, the net result is deflation, don't like it save your fiat in a bank. No, you're wrong. Bitcoin's price, in relation to USD, has fallen by two thirds this year, while the supply has increased by ~9%. Basic supply/demand equilibrium suggests that the demand has ... decreased |
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You guys promised me the moon, but this feels more like New Jersey *hello 300s. goodbye 300s Hello again 300s. How's that rally goin' Jimbo, are we on the moon yet?  Oh, Jimbo. How's this rally treatin' you? Still going strong since that 315 you've quoted me? |
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... Yeah yeah yeah. Fiat's buying power has TRIPLED relative BTC in the year 2014. "We just never had a chance to make it work, IF we did, it woulda been awesome!" Sure. Show me some product Don't worry, it's coming. Trust me, I'm not worried |
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The state does not have a monopoly on policing, see security guards, body guards, mall cops, etc., etc.
Those are private entities and have no public authority. Those guards call governmental police... What authority would you like them to have that they do not have already? You guys have so many daddy issues... And don't just pick one thing and answer it. Here's what you're responding to: ... The state does not have a monopoly on policing, see security guards, body guards, mall cops, etc., etc. Educate yourself before typing. And again, "there are cops more crooked yadda yadda." Yes, there are. There are 426 Hemi builds that can't outrun a Prius. Extrapolating anything meaningful from that is simply idiotic. The stale argument that "if you can elect a president, you can come up with sound working regulations for the nuclear industry" is just beyond duh  |
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Anyone with a rudimentary understanding of Bitcoin would realize that Bitcoin is not a deflationary, but an inflationary economy currency. Bitcoin's money supply is currently inflating at 10% a year.
Anyone with a rudimentary understanding of Austrian economics would realize that it has been kicked to the curb by modern economics. Some parts of it were incorporated, others simply left out to rot--so that passing children could point their fingers and laugh.
Anyone with half a brain would realize Bitcoin's inflation is not comparable to fiat currencies inflation. Anyone with a rudimentary understanding of history would realize Austrian economics has been kicked to the curb by incumbents who profit from Keynesian system. Yeah yeah yeah. Fiat's buying power has TRIPLED relative BTC in the year 2014. "We just never had a chance to make it work, IF we did, it woulda been awesome!" Sure. Show me some product |
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Your logic, in a nutshell: We have cops, but we still have crooks. Therefore, if we didn't have cops, we wouldn't have crooks. Shit will take care of itself because mises.org. Because positive energy going into positive projects. Because don't give me concrete examples of fail in Bitcoinland 'coz who's got time for that? I gots life outsid of Bitcoin  What have I missed? No, we have cops but we still have crooks. If we didn't have cops, we would still have crooks. Police departments are, on occasion, more crooked than the communities they police. If municipalities didn't monopolize policing authority and allowed for community-organized and competing policing authorities, the market would do a better job than the centralized governmental monopoly. See how I'm not for anarchy but for anti-authoritarianism? Pretty simple, not rocket science. You're likely the type to think citizens are smart enough to elect good government leaders but not smart enough to mind their community and person. That's definitely more logical. And if you need me to list the positive businesses in "Bitcoinland," you're just being disagreeable You know perfectly well that the majority of bitcoin business is successful. The state does not have a monopoly on policing, see security guards, body guards, mall cops, etc., etc. Educate yourself before typing. And again, "there are cops more crooked yadda yadda." Yes, there are. There are 426 Hemi builds that can't outrun a Prius. Extrapolating anything meaningful from that is simply idiotic. The stale argument that "if you can elect a president, you can come up with sound working regulations for the nuclear industry" is just beyond duh |
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But I'm not asking for proof--I'm willing to settle for a show.
Many of us are asking for the show. All we get are weenies crying for regulation. It's like they're scared that it might turn out that the regulation emperor has no clothes so they can't permit something to remain unregulated. Leave Bitcoin alone and when it crashes to nothing, you can point and sing "I told you so". Suits me fine. No, weenies are telling you to man up and stop imagining that you're a failure because regulations. You would be a lulzier failure without regulations. Some high school kids would've prob'ly tied you to their bumper and dragged you around some Costco parking lot for luls. You want no regulations? Stop bawwing about it, and overthrow them statist oppressors, you whiny man-child. |
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It's not a leap of logic. The majority of the world relies on regulations and governments. You propose to break with that convention, so the burden of proof lies on you--you're the one who is making the extraordinary claim.
But I'm not asking for proof--I'm willing to settle for a show. Unlike you, I am familiar with unregulated business--both the dysfunctional idiocy of Bitcoinland, and it's more competent IRL counterpart. I have offered you Bitcoin's creme de la creme--Bitcoin's biggest securities exchange and Bitcoin's first Bank. Along with every other business on that esteemed exchange.
Feel free to counter this with examples of non-drug related success stories.
Have you seen the state of the world lately? More regulations should fix what the regulations haven't fixed yet, though, I guess? Or maybe it's the proliferation of unlawful legal systems. All those upstanding regulators make such an effort to punish thieves and crooks, don't they? I have a life outside of Bitcoin so I don't follow the industry, but I understand the technology and I've seen the positive energy going into positive projects. I don't focus on the failures and cheaters, they will exist with or without regulations. But I fail how the burden is on me to preserve what is natural. Regulation doesn't just exist, so I'm not arguing for it's removal. You on the other hand are arguing for it's creation and legitimacy. The burden rests on you to justify everything, not the other way around. Bitcoin is unregulated business. Right now. It's doing just fine, and it will continue to do just fine without regulations if it were permitted to do so. Your logic, in a nutshell: We have cops, but we still have crooks. Therefore, if we didn't have cops, we wouldn't have crooks. Shit will take care of itself because mises.org. Because positive energy going into positive projects. Because don't give me concrete examples of fail in Bitcoinland 'coz who's got time for that? I gots life outsid of Bitcoin What have I missed? |
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You guys promised me the moon, but this feels more like New Jersey *hello 300s. goodbye 300s Hello again 300s. How's that rally goin' Jimbo, are we on the moon yet? |
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.@njcarlos:
If Bitcoin's biggest securities exchange, Havelock Investments, could be used as a representative unregulated business:
Each and every security on offer there is trading substantially bellow the initial offering price--as in pennies on the dollar. Including Havelock's own stock.
And those are the winners. The ones that din't simply run off, like NeoBee.
A bit off-topic, but sorta relevant,
To be frank, I have no idea what you're talking about. anyone with a rudimentary understanding of Austrian economics would realize you dont invest or loan money (Bitcoin) in a deflationary (Hyper deflationary) economy currency. ... Anyone with a rudimentary understanding of Bitcoin would realize that Bitcoin is not a deflationary, but an inflationary economy currency. Bitcoin's money supply is currently inflating at 10% a year. Anyone with a rudimentary understanding of Austrian economics would realize that it has been kicked to the curb by modern economics. Some parts of it were incorporated, others simply left out to rot--so that passing children could point their fingers and laugh. |
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So because I'm not actively looking for an investment firm or I don't follow all the developments in the BTC ecosystem, I'm wrong about free market fundamentals? How'd you make that leap of logic? It's not a leap of logic. The majority of the world relies on regulations and governments. You propose to break with that convention, so the burden of proof lies on you--you're the one who is making the extraordinary claim. But I'm not asking for proof--I'm willing to settle for a show. Unlike you, I am familiar with unregulated business--both the dysfunctional idiocy of Bitcoinland, and it's more competent IRL counterpart. I have offered you Bitcoin's creme de la creme--Bitcoin's biggest securities exchange and Bitcoin's first Bank. Along with every other business on that esteemed exchange. Feel free to counter this with examples of non-drug related success stories. |
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.@njcarlos:
If Bitcoin's biggest securities exchange, Havelock Investments, could be used as a representative unregulated business:
Each and every security on offer there is trading substantially bellow the initial offering price--as in pennies on the dollar. Including Havelock's own stock.
And those are the winners. The ones that din't simply run off, like NeoBee.
A bit off-topic, but sorta relevant,
To be frank, I have no idea what you're talking about. I'm talking about Bitcoin's biggest securities exchange, Havelock Investments ( https://www.havelockinvestments.com), and the Bitcoin companies represented there. One of which was NeoBee ( http://www.neo-bee.com/en/), the Cyprus-based Bitcoin bank that ran away with everyone's bits ( http://www.coindesk.com/cyprus-issues-arrest-warrant-neo-bee-ceo-danny-brewster/) For a believer in unregulated free market, you sure don't bother with particulars No matter how attractive the idealized hypotheticals may be, IRL the shit's just fail and AIDS. and Lehman bust how many people's money? LOL The correct analogy would be if every security in the fiat world tanked or simply ran away, and every bank in the world simply shut its doors with post-it notes saying "OKTHXBAI!" Not just some, EVERY. Get it? |
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.@njcarlos:
If Bitcoin's biggest securities exchange, Havelock Investments, could be used as a representative unregulated business:
Each and every security on offer there is trading substantially bellow the initial offering price--as in pennies on the dollar. Including Havelock's own stock.
And those are the winners. The ones that din't simply run off, like NeoBee.
A bit off-topic, but sorta relevant,
To be frank, I have no idea what you're talking about. I'm talking about Bitcoin's biggest securities exchange, Havelock Investments ( https://www.havelockinvestments.com), and the Bitcoin companies represented there. One of which was NeoBee ( http://www.neo-bee.com/en/), the Cyprus-based Bitcoin bank that ran away with everyone's bits ( http://www.coindesk.com/cyprus-issues-arrest-warrant-neo-bee-ceo-danny-brewster/) For a believer in unregulated free market, you sure don't bother with particulars No matter how attractive the idealized hypotheticals may be, IRL the shit's just fail and AIDS. |
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.@njcarlos:
If Bitcoin's biggest securities exchange, Havelock Investments, could be used as a representative unregulated business:
Each and every security on offer there is trading substantially bellow the initial offering price--as in pennies on the dollar. Including Havelock's own stock.
And those are the winners. The ones that din't simply run off, like NeoBee.
A bit off-topic, but sorta relevant,
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.@njcarlos: 500=massive? Lowered expectations.
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^Where are you seeing walls?
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