If everyone wait until next halving to sell, then it would crash on that day..
The decision to sell would be based on the price post the halving.  |
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If BTC can be circulated inside the economy, the price will go up.
I guess the velocity of bitcoin is currently far lesser than the amount of bitcoins in circulation. So we will have to wait for sometime for BTC to be circulated just within the economy. |
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China has blow up lately because people are working 24/7 and getting paid nothing, and actually take pride on it. But this is comming to an end, young people don't want to be working drones, and with democracy and vacations comes less raw production power, and righfully so.
This is competitive strength. The same salary that provides for 1 engineer in the US working 5x8, will be enough to provide for 7 engineers, working 7x12 in China. 1 vs 7 which one do you think will gain a better result? Wages tend to equalize over a period of time. More engineering jobs would shift to China, resulting in higher demand for engineers and this would result in an increase in wages. |
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There have been many points in US history where they could have paid back the entirety of its debt, however it was originally a strategic position to hold onto a bit of debt. IE if the US owes China a bunch of money, and then Canada moves in to attack the US, it would be in China's best interest to help protect its own money. The question is, has the US dug itself in too deep? I think probably, but with drastic measures and 20 years of a miserable tax increase, the debt could be paid off. Might be easier to just default and go to USD (are we on 4.0 now?)
As long as debt levels are sustainable, the US will not have any problems in rolling over its debt. If we try to pay off our debts totally, we are essentially punishing this generation for the sins of past US governments. |
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If 99% of BTC are being held by people who believe BTC to be worth $1,000 or even more, and 1% are being traded back and forth between a minority of the population at $300-$400 each, what is the real value of BTC?
I don't think majority of the people believe price to be $1000, if not the price will already be close to that.. It doesn't matter if a majority of people believe the fair price should be $1000. What matters is will they act on their belief and spend fiat to buy bitcoins because they think it is undervalued? |
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Sorry this was it. We're all millionaires, and you're not.
i love this post  A lot of bitcoin millionaires in end-2013 must be regretting not selling out.  |
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I hope bitcoin in pakistan can develop well, their infrastructure was expected to have a very qualified, human resources it had been able to use bitcoin as a means of transaction, while the internet as the life of bitcoin should always be active, electricity must always have a back up if there is local power outages from ...  Bitcoin in general can be sent from a mobile phone as well. So local power outages, while irritating, will not result in the bitcoin world coming crashing down. |
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America is a rich man, if countries were people. China is nothing more than a labor slave for cheaply made everything. China will never come looking for repayment on our debt to them. Why would they, why would anyone? You must be aware that America does in fact rule the economic policy of the world.
China's appetite for USD is not infinite. At one point, they will either spend their USD or collect their debt from the US. |
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I predicted all of this. Read my latest posts.
Sub 250 coming by Monday. Mark my words.
How embarrassing People remember only their successful predictions. Selective amnesia. |
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I would be cautious about buying any extreme amounts of Bitcoin until I see signs of exponential userbase expansion. On the contrary it looks more like the number of new users is slowing down and then there's fatigue of older users (who cease using Bitcoin).
This technology is exciting but Bitcoin at 500K-2M users hasn't shown any signs that it will be the Yahoo or Alta Vista of digital currencies. There were more people using the internet in the late 1980s and more people using Yahoo in 1996.
I would say it depends on a person's risk temperament. Some people have the stomach to put a lot of money in bitcoin and not be perturbed when the price goes down in the short term. |
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Hmm.... Is there no midway out?
You could provisionally let me sign up for the campaign and decide after a week....
I show you made 5 bi-weekly posts, then made 58 posts in 4 days. This is a huge red flag to signature campaign managers! It is a strong indication of activity farming. Sorry, but I can't let you enroll until I can see another couple weeks' history to get a better gauge of your posting patterns. Slots in the campaign are in high demand and I can't use one up on a provisional enrollment. I appreciated the boobs, though. Ha ha. Well, I will apply again when there is a slot free in a couple of weeks. |
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Sorry, your post history is too inconsistent for me to have any assurance you will follow the rules of this campaign. I'm declining this application but you are free to apply again after your activity level has increased some more. Hmm.... Is there no midway out? You could provisionally let me sign up for the campaign and decide after a week.... |
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Hi, Is this campaign still active? Elitenoob has moved to luckybit's campaign and Johnathan32 has made only 2 posts after September 12. If there is a place available, I would like to join. They close it
Registration closed until new announcement.
Oops. My mistake. I thought registration was closed because they had gotten enough participants. Guess I will have to find another campaign now. I think this thread should be locked until registrations are open again. |
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Hi, Is this campaign still active? Elitenoob has moved to luckybit's campaign and Johnathan32 has made only 2 posts after September 12. If there is a place available, I would like to join. |
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I don't understand people that keep buying US bonds... In the best scenario they get a very small return, negative in real terms.
US government bonds are purchased because they are essentially risk free. For all intensive purposes there is zero chance the US government will default on it's debt so investors can be certain they will receive principle + interest as agreed. The same cannot be said with any other investment. The US is no longer AAA rated, at least by S&P. |
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Miners are dumping bitcoin like crazy, so if the next halving is here then the dumping is half less painful..
Yeah, yeah, well Im still holding until early next year. Early 2016 is when the next halving occurs.... |
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What about China's $23 trillion credit bubble?
The whole world is in massive debt, it's fantasy if you think it's just the United States who has a problem.
the United States has the biggest debt, and the biggest trade deficit. its the biggest parasite in the world, consuming 80 billion USD more than it produces every month. A country consuming more then it produces does not make it a parasite. It means that it has the economic "credit" to be able to borrow such amounts and that it's country is stable enough so that other countries are willing to invest in the US. If this was not the case then currency markets would adjust so that the trade deficit would disappear and the US dollar would be much weaker a country that consistently for 20 years consumes more than it produces is by definition a parasite, and the world would have had more goods if it didnt exist because its a consistent burden on the world. Rich men who live off their inherited wealth are parasites? |
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No it can't.. The world will not survive without universal currency.
But does USD have to be that universal currency? Yes, it's the best-est‼ I would say bitcoin is better. |
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QE is being withdrawn now. So I guess it will be some time before the next QE is introduced. The economy seems to be in good health. The fed won't want to rock it by introducing QE.
That's just pretense, as it always was. The economy is in much worse shape than it was in 2008 when they started to 'cure' it. Wait for the SP500 start to crash, they will re-introduce QE to prop up markets, but this time it will have to be really massive. It should stay afloat for another few months though without QE, but sooner or later all the credit will dry up. QE is really not based on S&P500 levels. It is based on unemployment levels and inflation. If employment levels firm up and there is a threat of inflation increasing, there is no way QE will be introduced. |
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