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I'm going to suggest that bankers probably care mostly about profit. If you are driven mainly by profit, surely the best thing to do about Bitcoin is buy loads of them and then do your best to make it succeed?
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When governments die, the people in them try to loot as much of the resources as they can get their hands on before the game is over and it's time to start over.
The most prominent example of this is the fall of the USSR. The oligarchs in Russia were people in positions that allowed them to enrich themselves with state resources. Ultimately, every person in government is there to loot the treasury but most of them plan to do it in a leisurely and controlled fashion over an entire career and eventual retirement. When recognition spreads through the government that the money is running out, they vastly accelerate the pace of their looting because they don't want to be left empty-handed.
The way governments around the world react to bitcoin (what they actually do, not the rhetoric they emit) will tell you where in the looting-collapse cycle each one happens to be in.
I wonder where we are right now? |
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http://www.usdebtclock.org/Its hard to get your head round the figures... What if Bitcoin really is successful to the point that the value of fiat crashes completely? What happens to the debt? Interesting to think about.
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Thank you Piramida for digging this up, made me laugh!  |
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Ideal situation: stay at this level over the weekend
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All sold for now, keep an eye out for updates here in future.
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Will be selling again later today, pm me if interested.
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ITT: People spending newfound bitcoin wealth on redundant alternate fork in hopes of even greater exponential gains
And winning |
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Just completed a trade with Projects - sound trader, definitely recommended.
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I'll be posting here with offers whenever I have coins to sell. Keep an eye out, they usually go pretty quickly and I operate on a first come first served basis. Price will vary depending on whether I need to sell quickly or not, usually will be within 3% of Mt. Gox last price (±).
Cheers
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I put a decent amount into LTC at ~0.007  |
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Personally I think we will see a BTC rally next week with LTC/BTC falling as a result. I give it another few weeks for Atlantis to have an impact on LTC price. Once BTC slows down, I reckon LTC will catch up. This is pure speculation though. I'm also not sure when the changes to Mt. Gox will be implemented, and how this will affect the exchange rate in the short term.
Well, I got that wrong then... BTW good call Smoothie |
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No, I finished going all in at $22.
Nice |
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Shouldn't have sold ALL of them, otherwise I guess its never a bad idea to take profit...
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Any particular reason why Litecoin will go up again ?
I think it's because LTC GPU mining is still profitable. As ASICs flood the BTC landscape, GPU miners will either sell or switch to LTC. I am still not sure how I feel about LTC, it feels a bit meta. Yeah, I'm bullish on litecoin over the next 3-6 months |
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Personally I think we will see a BTC rally next week with LTC/BTC falling as a result. I give it another few weeks for Atlantis to have an impact on LTC price. Once BTC slows down, I reckon LTC will catch up. This is pure speculation though. I'm also not sure when the changes to Mt. Gox will be implemented, and how this will affect the exchange rate in the short term.
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There's a bitcoin facebook page
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Quite simple math IMO
It is simple. Doesn't mean you got it right tho. @Rampion: Up 900% means you have an extra 9x your initial investment = 10x initial investment in total. For a price of $100/coin initial investment was @ ~$10. Six figures => minimum $100 000 => minimum initial investment of $10 000. Hope this helps. |
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