Get your fiat ready... time to reload again ... price is 44.40 and falling  Standing by...  |
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Reverse the polarity of the neutron flow!
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I will here and now buy 1000 bitcoins at $29 - anyone willing to sell to me?
$29 - think of all the amazing things you could buy with those $29000 dollars - a fiat car?
What bitcoin user doesn't love fiat?
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Are they getting Lon Horiuchi in to do the training?
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Yeah, actually, I guess it means if it does crash, you can buy all their btc from them at a discount rate  |
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Well you're not much of a friend if you told people not to buy at $33 lol... fail logic.
Like when you tell a friend not to drive home drunk but he still makes it home OK anyway? |
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Yay! It's about time Santa made it on a banknote. |
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is the sound of a thousand GPUs being turned back on.
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Until people feel safe after they have accumulated enough saving, things will not improve, and the stimulus from either FED or Government will just give them enough money to save until they feel safe.
Stimulus does not come from the Fed of government, it comes from the savings of individuals. The prudent are robbed to feed the careless. No, stimulus came out of thin air. If you save in non-currency form, you will not be affected by FED/government Savings typically imply currency however. With that said, the rest of your statement is sound. I am diversifying into durable goods as much as possible. There are limitations to that though. |
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friends don't let friends buy bitcoin at an all time high....
I am bullish but this is true. Don't chase the market. That's what people were saying at $20. It was true then too. I'm still considering buying more bitcoin but it's because I'm convinced of the long-term strengths, not because I see it shooting up. |
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friends don't let friends buy bitcoin at an all time high....
I am bullish but this is true. Don't chase the market. |
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Anybody want anything?
I'll take a couple of taquitos. |
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Did you see it? We crashed to 39. Soon enough for you? My, it gave me a real feeling of nostalgia to be back in the 30s. Took me back to the heady times of early this AM when you could buy three quarters and still get change from a dollar (copper/nickel quarters, that is. Real ones are too rich for my blood).
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Well, gold and silver require a truck... or a pretty large wheelbarrow. Pfft. So will the dollar, soon. They can always print them in trillion-denominations, like Zim dollars.  Heh. I found this  But to try and pin it on Obama would be to miss the many, many others who are complicit in this fraud. |
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During the depression, the government embarked on a spending spree, wasting resources. This made things worse. What finally fixed things for the US was that after the war, Europe's manufacturing capabilities lay in ruins, leaving things open for a lean, mean US economy.
Try not to think too much about the currency, that's just accounting. Think about resources. Paying 100 men to build a road nobody needs is a waste. And then you have a road that needs to be maintained, also a waste. This kind of thing is why the recent stimuli have been such a bad idea.
And fwiw, natural inflation and deflation actually have negative feedback. It's the government welding the printing presses in the "on" position which is the problem with the inflation we're currently experiencing. The deflationary spiral is something pushed by those who wish to have a pretext to steal your savings.
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Yeah, the west is such an awful place to live since industrialization.  I weep a little every time I open my fridge and the light comes on and I behold the mountain of food within. |
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Interesting. Though that could also be said to operate in Bticoin's favor too |
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I don't think at this point millions of retailers would be willing to take bitcoin directly, or I could have bitcoin credit cards in one month. I think the ISO is a step in the right direction to do that. Maybe give the merchants a choice to keep coins or auto convert?
The problem is that while conversions apply, people will think of bitcoin in terms of whatever it's worth in their native currency. That's fine but what Bitcoin really needs is its own ecosystem which floats somewhat against native currencies so that when something is one bitcoin today and it's one bitcoin tomorrow, that's mentally taken as stable. Not that it should be a forced thing, just that "here's an easier way to convert" doesn't really go very far in the scheme of things. |
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