I hope it is still early years in the crypto currency life span.  |
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I find it hard to believe anyone that holds BTC feels zero joy on a rise and sadness on a drop.
The best investors do not allow emotion to get to them when making investing decisions. IF someone were to have joy (greed) when the price is appreciating and sadness (fear) when the price is falling they have a much greater chance of losing money and/or having a lesser return on their investment If you are not a good investor, you should outsource it to professionals. Unfortunately, retain investors do not have too many options to that in the bitcoin space. |
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War can actually result in bitcoin supply coming down as well, with a lot of private keys getting lost...
Agreed. Who would think about their coins if their families are being slaughtered. And their wallets gets rocketed. I wonder how many wallets wil gets lost because of people dieing from Ebola. LOL.. Is that Ebola thing really serious? What do you think? Will this ebola thing will end the world? Come on.. Ebola is a slow killer. If you have sufficient number of bitcoins, you can always transfer it out. If you die because a safe falls on you, then your bitcoins may be lost for ever.  But would you think of Bitcoins while you are dieing? Will they let you go to have access to computer once they will see you have Ebola? I am sure some will transfer their coins, but many will not. Yes, people do think of their loved ones when they are dieing. They would like to transfer their property to their loved ones. It is a natural tendency. |
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The wire fee for Africa continent is quite high. Bitcoin transaction with decentralized exchange abroad can save them a lot of fee on simple transaction. m-pesa has already taken the lead there. |
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Gold would have gone through price fluctuations too, during the previous centuries (although not to the extent of bitcoin). Total gold production in 2013 = 2.9KT, while estimated total gold mined so far = 174 KT. So the total supply is increasing by ~2% per year. Bitcoin is increasing by a much higher amount, but after the next block reward halving, it should slow down. |
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This has been a pretty stable week for bitcoin, compared to other asset classes.
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All that money that could be in bitcoin, is in it RIGHT NOW...
Bitcoin only has 500K-2M users. It could hypothetically scale up to 150-200 million users and be worth $trillions. Let us just hope that this happens quickly. |
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$1000 seems like a ridiculously high figure.
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With casualties in US and the developing world, Ebola is back in focus now. Hopefully, pharma companies should come out with a cure soon.
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The same thing is with government debt. It's in there because domestic private and foreign sectors are willing to save. There are no any shenanigans in this, sectoral balancing is a simple thing that anyone can manage understand.
The day foreign countries like China decide they have enough USD, the government may find it difficult to manage its high debt levels. China is a net exporter of goods to the US. This essentially forces them to be a net buyer of US dollars. If they did not do this then their currency would get too strong which they do not want (and would hurt their own economy) Exactly. The simple accounting principles tell us that Chinese are accumulating dollars because they have to, not because they want to. They really don't have many other options for investments to use their massive trade surplus. The Euro is really only the viable option, however it's face is not certain and it has come close to breaking up in recent years. The next widely traded currencies are the british pound and the yen which are really too small for the Chinese to buy in any significant quantities. One day if the US cannot afford the goods from China, USD is useless. As long as China holds large amounts of USD, they will not allow this to happen. |
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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? |
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War can actually result in bitcoin supply coming down as well, with a lot of private keys getting lost...
Agreed. Who would think about their coins if their families are being slaughtered. And their wallets gets rocketed. I wonder how many wallets wil gets lost because of people dieing from Ebola. LOL.. Is that Ebola thing really serious? What do you think? Will this ebola thing will end the world? Come on.. Ebola is a slow killer. If you have sufficient number of bitcoins, you can always transfer it out. If you die because a safe falls on you, then your bitcoins may be lost for ever. |
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If you don't want to pay taxes, you can always renounce your citizenship and move out. |
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China is the largest creditor of dollars, the Communist Party won't watch the process of dollars dead
China can offload its Dollars and when the USD looses most its value in a short amount of time, the USD holdings of China will lose its value but China will be the biggest beneficiary of the dismiss of the USD because the Yuan will appreciate compared to the USD and the Chinese will enjoy an increase in their standard of livings : they will consume more China becomes the second largest economy following by the USA in terms of GDP. The increasing number of trades are conducted with yuan. The USA is falling in the steep hole of debt and will lag behind China or other countries no more than 10 years (personal opinion, no offence). Whether bitcoin will play the role of currency will depend on the policy of China and the USA.
I don't think increasing number of trades are conducted with yuan. Until China opens up its capital markets, foreign investors find little use for yuan, The Communist Party in China is opening up the Yuan to the markets How can they do that? Chinese cant even speak the universal language. How can they deal with the people all around the world? Let me remind you that the Chinese were one of the earliest civilizations to trade. Where do you think the name "Silk Road" came from? |
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Seems to me that the bubble is still being inflated. It's just a matter of time that it bursts and this time will be even worse then before. The day that happens bitcoin will soar!!! Who knows when that will happen though. My guess is within 2 years.
Life is pretty good right now in the US economy at least by the numbers. If your looking for a job like me you might think differently.
It is a global asset bubble, not just the US. Most of the dollars that the US Fed has printed has found its way into emerging markets. Most assets have not made their way to emerging markets, although a lot of extra money has found it's way here. The vast majority of the money is on bank balance sheets via excess reserves. Above that much of it has found it's way into stock and bond markets which is creating a potential bubble in the bond markets especially The excess money hasn't resulted in people and companies borrowing more, to take advantage of low interest rates. So the purpose of QE has been defeated, in a sense. |
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dollars now still be excellent in international trade transactions, despite the presence of competitors such as the euro and the pound, the dollar is still widely used in the export and import trade of a country, it also caused a lot of American interests abroad has mainly security issues, America is still a beacon of problem security world, as the world police can not release the American interests in other countries, so that for any economic problem America has a lot of interest in other countries, thus automatically also always used the American dollar in trade transactions ...  I think you are trying to say that the US, because of its military might and wide presence, pushes the use of the USD? |
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I believe markets are efficient and that the market price of a bitcoin reflects its true value.
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Rise and Rise of Bitcoin is out. Price is going to skyrocket...
The price doesn't seem to be reacting to good news these days. Doubt if a documentary will help. |
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Yes the canadian housing is severely overpriced and its a huge bubble.
What will cause the bubble to burst? and burst badly?
When the interest rates start to rise again which is due to happen sometime in 2015 when the Fed starts to increase interest rates.
Canadians have a huge debt to income ratio and even a small increase in interest rates will hurt most home owners who are underwater on their mortgage.
I have a feeling they will never raise the rate again until the CAD is dead.. they cannot with out sinking the ecom.. A very slow 10-50 year death of the fractional banking system...? Reminds me of the lost decade of Japan. |
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It's holding strong above $340, I think we are safe now
Much lower than $340 would be Fucked up for bitcoin, plan on visiting $300s at some point after that, but my money is all-in for this Day TODAY.... you can knock me down and watch me bleed, but you can't keep no chains on me ~ BTCWe should be over $400 soon and that will be the new floor. |
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