The Spitznagel article was also published on Zerohedge. Ludwig Von Mises has turned around in his grave... .
I like gold and silver for different reasons (as insurance). But some of these goldbugs are either being disingenious or just plain stupid in their arguments against Bitcoin. If one could create an unlimited number of different kinds of fools gold with similar properties, would that diminish belief in true Gold as money or wealth storage value? Would that cause Gold's price to automatically drop? No I think not. Not for people who truly believe in Gold vs. those that believe in all of the alt-gold substitutes. It's the same for Bitcoin. Just because an infinite number of altcoins can be created does not defacto diminish Bitcoin's value to the true believers. Otherwise every single time an alt was created, Bitcoin's price would automatically drop a corresponding amount. Which it never does. Same for moissanite vs. diamond. Even though moissanite can be created in a lab and has superior spectacular brilliance/clarity vs. most diamond, there are still who value diamond more and will likely always do so and pay more for it. Exactly. These guys think that all cryptos are only representing fiat in aggregated. |
|
|
|
https://mises.org/blog/why-cryptocurrencies-will-never-be-safe-havensSo, a goldbug on a pro-PM website writes a blog about why Bitcoin will never be a safe haven asset like PMs. Wait scratch that, he never implied that Bitcoin won't. He said "Bitcoin and other cryptocurrencies" won't. Wait scratch that, not only did he use the term cryptocurrencies plurally and as a whole, he included ICO tokens as further justification. So let much just set the record straight for these ignorant and misinformed people: No you're correct, "cryptocurrencies" LIKE Bitcoin (altcoins, etc.) or ICO tokens as a whole will NEVER be safe haven assets. But Bitcoin specifically WILL be. The Spitznagel article was also published on Zerohedge. Ludwig Von Mises has turned around in his grave... . |
|
|
|
I just put in a withdrawal of my LTC from Coinpot to Cryptopia. Hopefully it goes through without a glitch. I don 't know if it is general, but the Moon faucets are running extremely difficult here today... . And my 162 Doge coins I transferred from freedoge to coinpot have dissappeared in the abyss of the pot... .  Yeah, lots of glitches. Problem is that if you don 't play for 24Hours you loose your loyalty bonus. Even if the reason is their site not operating properly. I had it already twice. |
|
|
|
This will be a Fiat race tomorrow. In Europe today is public holiday so no banks are working. I´am expecting loads of money flooding the exchanges tomorrow  This would be a nice dip to buy... No public holiday in Sweden, what holiday are you talking about? Already mentioned that a little later. To correct myself: In the important parts of Europe is public holiday today  (just joking) Don't know about the "important" part, but you catholics do have a lot more holidays than we do, Luther did away with way too many saints. But still, what holiday is it? Ascension of Mary |
|
|
|
Many people from the Netherlands in bitcointalk. Greetings from Amsterdam!
Yes, Greetings from Eindhoven Greetings from Raalte Allemaal ook een paar jaar* salarissen verdient de afgelopen weken mag ik hopen?  Groetjes uit Turkije(Izmir) normaal gesproken Rotterdam. Ja dat kan je dus wel zeggen  Ik zal er de Belgen maar bij doen, groet uit Gent... . |
|
|
|
I don 't know if it is general, but the Moon faucets are running extremely difficult here today... . And my 162 Doge coins I transferred from freedoge to coinpot have dissappeared in the abyss of the pot... . |
|
|
|
This will be a Fiat race tomorrow. In Europe today is public holiday so no banks are working. I´am expecting loads of money flooding the exchanges tomorrow This would be a nice dip to buy... Where in Europe? no public holiday here in the Netherlands. I guess it´s Austria, Germany, France, Italy, switzerland and Belgium at least... Catholic countries have holiday, protestants not, so Belgium plus the south. |
|
|
|
 Sigh, I am out of fiat ammo for the moment and no new supplies coming in the first days...
|
|
|
|
|
I really don 't think we should be happy with the sdden intrest by the Wall Street banksters and other gangsters. Look at their history, they ruin everything they touch. (With a little help from their friends at FED, ECB, BOJ ett.). The only positive : the greedy Chinese miners will be ripped, stripped and left nude in the middle of the market place also.
|
|
|
|
Not yet. [/quote] Point is : when, @ what level and how deep and duration... . |
|
|
|
Anyhow, once folks really get some concrete ideas about bitcoin's divisibility and the understanding that you can buy 1/1hundred millionth of a BTC, and maybe there is some more wider practices of pricing in lower level (smaller) units, then it is likely going to take some time to get people to understand some of these unit confusion matters.
We only need to go up 250x to reach parity, 1 satoshi = 1 cent. Then things get extremely interesting. Up 250x??? I'm bullish but not that bullish. Wow. Of course, when the free FED/ECB/BOJ money flows in BTC via the banksters and other Wallstreet gangsters that will happen. Only, by that time a beer will cost 500000 USD/€ |
|
|
|
It's becoming increasingly tempting for me to just cash in my pitiful 2 BTC and be done. Pls PLEASE, if I could give one piece of advice. Don't do that. Don't be poor in the future. I don't want you to be poor. I keep seeing things like this all over the web. The less bitcoin one possesses seems to correlate with a higher desire to "cash out" at some point soon. The attitude being "Well if it's not going to make me rich in 5 or 10 years, then what's the point of holding on to it. Might as well buy something nice with it." Holding on to bitcoin is like having exponential compound interest. You won't realize it until it really starts to kick in. It's like winning the lotto buy in slow motion (but faster than conventional investments). Twenty years from now, someone owning 0.5btc or even 0.2btc will be held in complete awe. I should have sold more of my gold stash... . And have relieved me from the MT Gox trauma... . That said, I sell small qty's only to buy back more in the dips ( that are rather rare now... .) |
|
|
|
The slow grind up to ATH's is nice and nothing like 2013 with the dizzying highs/lows. Things are just getting started.
Yes, ok, but with some nice ups and downs anyway, makes it more exiting... . |
|
|
|
Sorry about the downtime. A misconfiguration caused all servers to go down. Everything is back to normal now.
;)Was that message some kind of jargon for :"Someone accidentally pulled the power plug?" Thanks for fixing ! |
|
|
|
looks not good "Internal Server Error The server encountered an internal error or misconfiguration and was unable to complete your request. Please contact the server administrator, support@freebitco.in and inform them of the time the error occurred, and anything you might have done that may have caused the error. More information about this error may be available in the server error log. Apache/2.2.15 (CentOS) Server at freebitco.in Port 80" And just when running 100 RW points ... . 
|
|
|
|
4 Days now and my 162 dogecoins still not credited in Coinpot... . It is a very deep pot... . 5 days now, and wrote a first mail to support@ no reaction... .  6 days, no dogecoins and no reponse... . Yes probably they exploit their customers in a random way... . |
|
|
|
4 Days now and my 162 dogecoins still not credited in Coinpot... . It is a very deep pot... . 5 days now, and wrote a first mail to support@ no reaction... . |
|
|
|
|
Not to embarras you to much Wetsuit, I greately appreciate how you handled the BCH fork, but it appears another HF is in the pipeline... .
|
|
|
|
Well, so much for hoping to wake up to $3,500 USD/BTC.
Going to be just another boring Tuesday by the looks of it.
Well resistance at about $3500 was widely expected. I sold a couple of coins about there and waiting for some significant retracement to buy back. Pitty that 3500 USD is not just 3000 €, I was waiting for that to sell a bit... . ( stranded at 2983) |
|
|
|
4 Days now and my 162 dogecoins still not credited in Coinpot... . It is a very deep pot... . |
|
|
|
|
Show Posts
