I hope you are right because I want to buy.
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Thanks Yea there seems to be a divergence between price and volume. It is interesting looking closely, there seems to be a sell off every 24 hours, then shortly after the volume disappears. Manipulators need volumes to do their work.
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Do you see gold and silver as a miscellaneous asset on this?
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People look at the bubble and say "Oh look it's volatile, don't go into it".
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I'm both a speculator and a user. Bitcoin benefits from both speculators and users.
It didn't benefit from the foolish speculators that inflated the bubble and sold off. I don't know what other explanations there would be for the stable nodes?
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Well the active nodes have maintained the volumes, doesn't that warrant some analysis?
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Is it fair to say that because the bitcoin exchanges use universal bitcoin wallets to enable instant transactions between accounts, the nodes on the network should be biased towards bitcoin users which do not hold speculative positions on exchange accounts? Does this mean the genuine users of bitcoin have stayed which is a good sign for bitcoin? Or is this a flawed assessment?
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If the banks default on people's money, BANG goes the trust in the USD and banking sector. People will want trustworthy real assets and no more derivatives. No, I don't think people will stuff paper notes under their bed.
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Thanks but will the rewards continue forever but just get smaller and smaller until they go under one Satoshi?
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It converges on 21 million but never reaches it. At what reward does it end? Does the rewards get less and less forever or is there a point when it drops to zero?
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Bernanke is prepared to use more extreme monetary stimulus again. He is, however, getting the feeling people understand that quantitative easing was a fraud so things are risky for the federal reserve now. The next big bailout is for the Eurozone, of-course.
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I wanted a picture of your USD notes but you didn't show any.
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Let's say the federal reserve closed doors tomorrow and would only keep the servers running for the reserves...
Let's then say the banking system goes into chaos and the inverse debt pyramid falls over...
Spending goes down due to the credit collapse. People holing paper USD notes will be better off, but the COMEX would no doubt collapse also, destroying the fake gold and silver.
Let's say the USD deflation is more than the gols and silver deflation...
Gold and silver will still go up in terms of goods and services people want to buy.
In any scenario, gols and silver is a goof long term safe haven for your wealth and it will always make better and more stable money than toilet paper.
Want low risk? Want protection from inflation? Get into real money.
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The point essentially is, when the paper gold and silver is shown as bogus, don't you think this will have severe upward pressure on the real deal?
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as a US citizen of course most of my wealth is in USD's. I bet most Americans have their wealth outside of notes, only having a few in their wallets/purses. if UST's sell off, its possible this will drive the USD even higher and faster and gold/silver straight down into the dumps. wouldn't that be something? Investors have assets in mind for "safety" or "I have no idea where else to put the money". If USTs go, then gold and silver will see more buying. Have you commented on the COMEX destruction along with PM manipulation which would occur if the debt collapses?
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You want people to go into the trap of electronic debt money.
no, i want ppl to accumulate as much hard cash USD's as possible. Where's your's then? You have most of your wealth in USD notes? Also, weren't you bullish on USTs earlier in the thread? You've changed your tune.
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You want people to go into the trap of electronic debt money.
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When did your "debt collapse" come?
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I take it it's all debt based. When your debt collapse comes, you'll lose a lot of money.
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Cypherdoc, take a picture of all your USD bank notes you have invested in.
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