Holy Rocket Ship... 39!! Damn the fall is going to be hard!
then sell some  Bitcoin: FUCK YEAH! |
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Thanks, I have a soft spot for Falkvigne and hope to meet him in person someday. Aside from digging his championing of liberty in general, his fantastic series of Bitcoin articles in 2011 (including the famous "putting all my savings in Bitcoin") were my personal catalyst for dipping my first toe into the BTC waters. i hope he didn't get hurt too bad selling. he must've been whipsawed bad. I hope he re-bought around the conference when price was around $3. |
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Meanwhile over on BitFloor, I just sold BTC0.78515 at $49.95/ BTC. /world record  what the... really?!? EDIT: "bitfloor -- a glimpse of the future" Sellers have always been scarce on bitfloor. Now they are an endangered species. I've been mentioning this in various threads for months, but people must still be scared because of the hack. And the fact that they only do ING P2P deposits, least last I've checked. I don't understand the buyers there. Aren't they aware of other options? |
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Irrational exuberance of the bears.....
is there anyone that shorts bitcoin? Look, if the resentment and disdain for bears in this thread shows anything, it's that there's a lot of people that live in their own optimistic world that bitcoin will never take a step back. That's the definition of irrational exuberance, and it is certainly reflected in the current price. Bitfinex will let you short. Good luck!  whatever this may mean. |
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Meanwhile over on BitFloor, I just sold BTC0.78515 at $49.95/ BTC. /world record what the... really?!? EDIT: "bitfloor -- a glimpse of the future" |
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If you want to understand the potential (or inevitable) adoption of Bitcoin, then look at the adoption of the internet. As the internet is a force of freedom of speech, so will Bitcoin be the force of freedom of exchange.
Given your statement (which i agree with), I think it's slightly amusing how the built-in coin generation rate curve looks a lot like the Internet adoption curve:  That's most likely a meaningless coincidence. However, the interesting point from the chart, is that if the adoption rate of both phenomena are similar, it would imply that most of the adoption (& price gains?) will occur approximately within 10 years, i.e. by 2020. The X factor being that the existence of the Internet accelerates information dispersion and uptake by at least twofold, but on the negative side a brand new type of money has to deal with an entrenched legacy mentality and infrastructure that is tougher to convert. So perhaps Bitcoin might only need 4 or 5 years to reach global awareness and adoption (similar to something like Facebook between 2008 to 2012), or it could take 20 years to fully overcome the inertia of existing moneys and payment systems. Rick Falkvinge 2011 in Prague: "I predict bitcoin will reach usability sometime in 2019". (with "usability" here he means "mainstream adoption") watch vid for more great stuff: http://www.youtube.com/watch?feature=player_detailpage&v=mjmuPqkVwWc#t=1563s |
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cool stuff man, just took a look at the code.
I couldn't find it so you probably haven't implemented keeping an up-to-date synced orderbook? Maybe I didn't look hard enough.
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You're absolutely wrong. It will fall back to $34.72. So there
Doesn't seem so scary to me. That was roughly the all-time high just a few hours ago. |
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once those people spend themselves out of the market. The price is going to fall back to around ~$34
I agree. Don't know if yet, but if the last 2 months are an indication we'll see a healthy pullback of 2-3$. Hopefully it will be equally quickly digested as in the previous instances. |
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I just invented a bear comforting tactic. You should draw your charts upside down, this way you can see how low USD has fallen against bitcoin, and be happy that something is going down hard. Sell all your USD until it's too late!
Now this my friend is an awesome idea to make good use of a psychological bug you might have ("turn your fear into something positive!") |
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this code is just as good as typical TA in this forum  Loool. Code has ab out 10 mistakes |
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Are FAV's divisible? Can we split them up into smaller units? What does 0.234 FAVs mean?
how about 1 FAV is roughly 15 minutes of time? |
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The way the exchange rate has increased is different as well. The rally has been actively cooled with fake ask walls on a number of occasions.
I don't quite recall '11 exactly enough (it just went too fast) but I think you are right... there was no activity to try to cool the rally. |
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Funny how nobody wants to sell and hoard because they think it will climb even higher.
Because nobody wants to sell..
Yeah I do. I just did. That doesnt make me a bear, i wouldnt be surprised if kept climbing to over $50, but a 6x increase is good enough for me to lock in some profits. I'm sick of reading that shit. You're not locking in any profits... bitcoin is money and in the long run the USD is toilet paper. What are you going to buy when the FIAT currencies of the world hit the fan? Gold? Real estate? Shares in companies? I have a slight suspicion you might buy back at some point. After cooling down (sorry had to vent this at some point) I can admit that I also sold some of my bitcoins (about 5%) on the way from 12 to 35 and I can understand your fear. I have it, too, but I'm resisting pretty well so far. |
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I dont forsee the btc to slow down anytime soon. Since I have been involved (NOV 2012) Ive seen it go from about $11 to $35 where it is today.. That is 4 months, and it has tripled!
Don't get me wrong, I'm all bullish on bitcoin, but the bolded part is exactly what I thought in summer '11. The fundamentals are much better, though and this time it's not some gamer-geeks jumping on, but "real" people. They are here to stay because bitcoin is useful and its inflation known. |
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Next big mark would be $100 as we passed silver and the long time ATH.
I'd rather catch up to Paypal (Ebay) somewhere north of 50, that's gonna get a whole lot of media attention. except ebay has 1.3 billion shares outstanding (vs bitcoins 21 million?) and a market cap of 66.29 billion USD. Quite a ways to go for bitcoin. |
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Das hat nur nichts mehr mit Bankencrash zu tun.
Wieso nicht, "Bankencrash" kann "Staatscrash" zur folge haben, oder nicht? Jedenfalls ist eine "politische Neuorentierung" dann eine Option, oder nicht? |
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So what happens if one group of people invent FAV's carefully define them and start using them.
And so does another. With a completly different definition. Willfully or not.
Then a transaction happens between the two groups.
Lets say one group defines it as a minute of skilled time, the other an hour, then the minute brigade buy up all the FAV's.
Sounds like a stupid example ?
I am thinking stock exchanges, remember this already happened on GLBSE where fake shares were being sold for (but not everyone belived they were fake) in at least one company. ( Think it was GLIBSE itself.)
It seems to me that one of the things you need to guarantee is the uniqueness of identifiers for ripple users, so if I invent the FAV, weather I defined it or not, nobody else should be able to use it without being told that a FAV on ripple is what mark defined here, and link to it. If its an empty definition then so be it.
This kind of happens anyway doesnt it. I could invent a new alt coin and call it Bitcoin, and attempt to sell my Bitcoins for fiat currency. I could do that. Or maybe Bitcoon, so that when people mistype the url... But in a sense the uniqueness is guaranteed by google and the www so that if I did I would so fast be labeled a scammer that it clearly would not work. LOL in fact!
But seems to me this is a serious problem with current ripple? No ?
In the case of a stock you would probably make it so everyone trusts one ripple wallet (issuer?) and not use p2p trust. But even then, you could have 2 completely separate trust clusters and use the same name (FAV) for 2 different currencies. Of course that'd be extremely confusing and the danger is probably high that someone accidentally connects them. |
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Aber wir können drauf hin arbeiten aus BTC eine wirklich funktionierende eigenständige Werteinheit zu machen und dann in der Zukunft könntest du in BTC tauschen so wie man in Gold tauscht als Absicherung gegen Währungskrisen.
Ich hätte jetzt aber auch gerne soviele Bitcoins, damit falls das Ereignis in Zukunft eintritt ich dann reich wäre. Dann wärst du jetzt schon reich. Weil sich nach einem Crash keine Währung halten könnte, egal welche. Wenn die Menschen in Dollar oder Euro kein Vertrauen haben, werden sie es auch nicht in BTC. Und nur um vertrauen geht es. Fehlt das, könnte ein Crash denkbar sein. Dann aber vertraut man auch keinen Bitcoins mehr. Dann zählt nur noch was ich in der Hand habe und tragen kann. Und deswegen mein erster Ansatz bzgl Wald. Eine Kuh könnte mehr Geld bringen, aber geklaut werden. Wald kann man nicht klauen. Man kann zwar das Holz klauen, aber auch nur den teil den du gefällt hast und viel tragen kann ein Mensch nicht. Also kostet es Zeit und Aufwand dich so zu beklauen, das es du Existenzprobleme bekommst. Auch Ackerbau oder Wohnraum ist sein Geld wert und kaum zu klauen. Deine Fragestellung geht einfach von falschen Vorstellungen aus, was ein Währungscrash ist und wie die Welt danach aussieht. Madmax und Waterworld mögen stark Effekthashend sein, aber wie Menschen leben wenn es keine Autoritäten mehr gibt, wissen wir aus den diversen Kriegen der letzten 100 Jahren. Studiere nur mal was in Bosnien im Krieg 1991-94 passiert ist. Das war ein Zusammenbruch jeglicher Autoritäten und Werte. Wald kann man schon klauen. Vor allem wenn dann die "linken" oder wer auch immer kommen und meinen der Kapitalismus sei gescheitert und ein neues Bodenrecht einführen wollen. Da bist du mit deinem Wald ganz schnell enteignet und kannst ihn auch nicht an einen Chinesen verscherbeln. Gold schon. Und vielleicht sogar bitcoins. |
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