Just to set the record straight: it was players who lost coins. Investors actually gained coins, at least until mateo recently whaled some off.
I was up about BTC0.28 yesterday as an investor, and when I withdrew today my profit had become BTC-0.66... |
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Having a few people start thinking of bitcoins as being worth more won't suddenly or even slowly change the value of them.
It will if they put their money where their mouth is. If people consider that it's cheap, they'll buy, and therefore the price will increase. |
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The issue is not productivity, the issue is generally experience. Since women tend to have less experience then men (due to they tend to take time off work to care for their family) they will earn less. Once you account for the different experience levels the difference between a man's average salary and a women's average salary is statistically insignificant.
And as they have less experience, they are less productive. There's nothing wrong nor unfair with that. People that study are also generally more productive, and nobody complains about people with studies getting higher wages. |
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On bitcoin exchanges, such as Mt. Gox and Bitstamp, there are multiple bots that buy and sell bitcoins at the same time cluttering the markets and the rate of bitcoin. The purpose of these bots is to gain profit, so traders will get more more tempated to start to use some kind of homespun trading bot. What will we see in six months? War of bots, that rally the rate of bitcoin and make markets completely volatile? That defintely isnīt good for the arising bitcoin ecosystem. So if the bitcoin exchanges want to be trustful, the bots should be banned, or should they?  If they were banned I am sure the price is gonna fall down to the floor. And volatility would also increase a lot, as there would be less market orders, and therefore you would move the market by selling or buying smaller amounts of BTC than now. |
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The main reason why investors and speculators are buying bitcoin is because they are hoping that a lot of consumers will eventually buy it for the purpose of spending it on goods and services. This is ultimately what will be the demand for bitcoin in the long run (if it is to be successful). Bitcoin is not an income generating asset so investors will buy it for no reason other then hoping for price appreciation, however if the only reason anyone buys an asset is because they hope the price will increase then it is nothing more then a bubble.
Demand can also come from people that want to save in bitcoins, not only from people that want to spend them. Gold isn't valuable because people spend it on goods and services, but because it's considered as a store of value by enough people. We need bitcoin banks, to get interest on our bitcoins.  For the moment you can directly invest in some places, like Bitfinex or Dicebitcoin. But we'll have bitcoin banks for sure in the future, and also stock exchanges to facilitate direct investing (well, we already have the Nxt asset exchange). |
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Every successfull aka rich businessman does this, he needs the poor to stay poor so he can pay shitty wages for max benefits, unfortunately.
If you consider that you are getting shitty wages (which is probably because of the enormous amount of money that the government steals in taxes, or because you are less productive than you think you are), you are free to work on your own, as self employed or starting your own company. |
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I think it would be very similar to naming your child Jesus, Ghandi, or Madonna. It would have very bad implications for the child throughout his life. He would likely suffer horrible emotional trauma because of it.
What are you talking about? I know many people called Jesus, and it hasn't caused them any problem. Maybe it could be problematic if they were living in Israel or in a Muslim country. |
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This is not true. If you were to make $1,000 for the company you work for, the company will need to invest in both you and in equipment to help you make money for the company. Most workers do not know company specific processes and procedures that must be followed, so they are trained when they enter into a new position at a company, workers will almost always earn their normal wage during this training period. The company will also need to pay for the equipment that you use as part of your job, for example a computer or other machine that you use.
Another thing to remember is that most companies will provide some kind of paid time off (vacation and sick time) - two weeks off per year is generally the lowest this will ever be. Two weeks paid off per year works to almost 4% of the time you will be paid for, and this would eat up the majority of your "5%" discount rate.
The same kind of calculation applies to the rest of factors of production. So with a 5% interest rate the company will pay a rent of $952 per month for a machine, or local, that they consider that will generate products that will be sold for $1000 in 1 year. |
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Whoever is putting his life savings into BTC is a fool. [...] (I still think BTC long term is a very good investment). These two statements contradict each other, so it seems you are the fool. Make up your mind, it's either a good investment or its not. Even if something is a good investment, you have to take into account its volatility and risk of ruin. So generally even if you find a really good investment, it's wrong to invest all your money in it. You also have to take into account the marginal utility of money. If you are already happy with what you have, there's no point in risking all your money. |
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If bitcoin would sky rocket there would be much more investors and companies accepting bitcoins, even large companies like ebay.. So yes Bigger prices would effect ALOT bitcoin adoption.
If bitcoin's price was higher, then people could purchase big amounts of it without losing a lot in slippage. Right now buying let's say $1000 000 000 in bitcoins would really move the market, you would have to pay much more for the last bitcoin than for the first one. And that's not much money if it comes from many different people. |
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So what makes the purchasing power of 1BTC higher?
An increase of demand higher than what supply increases (mainly because of mining). Demand can increase for many reasons. |
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Im a socialist coz im poor, if i was rich i would be a libertarian and viceversa  Poor people will stay poor as long as they demand government interventionism (or others do). Getting rich while paying 50% or more in taxes (depending on where you live) takes much more effort than getting rich paying say 5% (enough for an small government). |
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Around 60% of the worlds richest wasnt self made. The money they got now were the money made by their family.
If that's true, what's wrong with that? They'll have to make good investments (and therefore produce for the society) if they want to maintain their wealth. Please see page 1. Asset holders do not have to work. Looking for profit opportunities is also working. Or somebody else is being paid for doing those decisions, then that person is working. You don't magically create wealth, you have to be able to use productions factors to create something that customers are willing to buy for more than it costs you to produce. |
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Whats the current currency of Argentina?
Argentinian peso, which has gigantic inflation.  That is crazy. I think this level of inflation will likely give the people of argentina incentives to use bitcoin more then they do not, however the Argentina government will likely not adopt bitcoin as an official currency as it would mean they would lose control over the currency base. Of course the government won't give up control on their currency. But citizens look for other options, even if they aren't legal, to protect from inflation. And bitcoin is a really good one, so I expect bitcoin to grow specially in countries with high inflation, like Argentina or Venezuela. |
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So, banks have all the money they need to push up the price of anything they want, but they will carefully select some product first so that average Joe can not benefit from it (If everyone get easy money, there will be uncontrollable inflation thus threaten the life of their fiat money)
Nowadays is very easy and cheap to invest in the stock market, so if that were true, it would mean that banks aren't investing in the stock market. The same would apply for the commodities market. Why should they care about how much is winning the average Joe? |
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There's too many benefits from bots to consider banning them. The exchanges win from higher trading volumes, the traders win efficiency and everyone else enjoys greater liquidity.
There's nothing bad about them, they just make life easier for those using them, for those that create them and for everyone else that is trading. Banning them has no sense. |
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Wealth accrued in a free market may only be accrued by pleasing customers as trade is voluntary.
So then the more money you have the more people you have pleased!
Wealthy = lots of money = lots of people pleased = lots of people like you.
Poor? = no money = no people pleased = you suck, up your game.
That's false. Money doesn't automatically make more money. Only money well invested, to please customers while making a profit, will make you richer. Take a look at a Forbes list from 30 years ago, and you'll find that you don't even know the majority of them. Poor people can win money like anyone else, working and investing properly. |
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Actual production cost of one single bicoin is aroundt $530-$550. Any price below $500 is a steal. Buy now or regret years later. With difficulty ever increasing miners are getting screwed now cause anyone mining now is running at a loss.
Exactly. I don't think the day trading speculators have any clue what the cost of production is (they seem to consider lines on a chart and various other less important factors first). How can the cost of production be calculated, it's a nice indicator to know the mid term value of bitcoins. Costs aren't the same for everyone. Electricity costs change from one place to another. The same for labor, land, taxes, etc. |
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Wherever you find convenient. You are free.
the ability to pick between between 2 employers who both offer the same thing or have nothing isnt freedom before you answer learn a skill and find better paying job realise someone else must then fill original workers place in the low pay job and nothing is changed. maybe you personally do well from free market but you should understand the majority dont. You are paid your discounted marginal value product. If your marginal value product, what you produce, is worth $1000, and the pure interest rate is 5%, you'll get $952. If someone is offering less, go to another employer. All that is in the unhampered free market. Once the government intervenes, you get much less, because of taxes. But then you have to blame the government, not employers. Employees get their discounted marginal value product in the unhampered market. If governments intervene, they get less (or become unemployment), because of taxes.
dont want government intervention obama bullshit welfare spending i want a revolution that kills or exiles the shareholder and landowner who takes most of what i produce. That's false. You are paid just a bit less than what you produce. If that's not true is because of government interventionism. |
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The more merchants = more btc flowing = stronger economy.
Price will increase if demand increases more than supply. To make that happen, people has to be interested to buy bitcoin for whatever reason. It may be for privacy, it may be to save in a non inflationary currency, it may be because there are merchants willing to sell their products for a discount with bitcoins... So yes, it's essential that more merchant accept them, but that's just one of the reasons to want to have bitcoins. |
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