I had totally forgotten the existence of cheques! Wow, my granny used to have them in her purse... I think in some years we'll feel the same way about paper agendas  Checks are still used for some larger transactions. |
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Apparently according to reports, up to 1.5 billion EUR in bank funds will be lost in Crimea after the occupation. This is money in Crimea based bank accounts. I wonder why the funds are not transferred out. Hold on ... bank accounts are easy to freeze ... if banks would use the Bitcoin network: BITCOIN USERS NOT AFFECTED  So will the Ukraine thing be good for BTC? If there any any type of war over the Ukrane then it will be good for BTC. War creates uncertainty. Uncertainty over both the US and Russian economy will hurt each of those respective economys. Do you remember what happened when currency controls were implemented in Europe last year? What happened to the price of BTC? People in the Ukraine and in Russa would like wish to buy bitcoin with their local currency to protect themselves from drops in the value of their own currency |
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Ask the guys from 4 years ago.
The one who is dreaming is you, wake up.
Investments with a tiny market cap grow rapidly if the underlying asset is good and the dumb money is not heavily invested yet. This was the case with bitcoin 4 years ago. However, as the market cap gets into the billion territory and dumb money is already invested similar %-gains are not to be expected. This is bitcoin today. Many bitcoin latecomers fail to realize this and out of envy for the very early adopters they keep on touting that bitcoin will keep growing as rapidly as it did in the past and similar nonsense. I suppose it may take a few months until the permabulls are exhausted and finally get a reality check. I don't think the dumb money is here yet. The Winklvoss ETF will bring some in for sure. Maybe then the permabears will get their reality check. An ETF for bitcoin? I sure as hell hope that it is not like SLV for silver and GLD for gold. What is so bad about silver and gold ETF's? Both provide a vehicle for people to invest in something that they could not safely invest in otherwise. If someone wanted to invest $50,000 in gold but did not have a safe place to keep it then they would be unable to invest. If someone wanted to invest $50,000 in bitcoin but was not technically inclined enough to invest then they wouldn't (or at least shouldn't) or if they did invest it would likely get stolen and create bad press. |
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Google Trends could be one way way of picking up quantifiable data. The graph of search term interest for 'bitcoin' closely matches price, although I would guess that it is always lagging price movements and probably not useful as a 'forecast' tool like you want.
Anyway, I'm sure someone already has a news aggregate program out there that uses natural language text analysis to determine the positivity/negativity of articles. That could be useful, just got to find it or code it yourself. You could also maybe scrape things like these forums, especially the count of or thread popularity. Count the 'HODL' vs 'Get out now my brothers, I warned you, blah blah' posts.
I would argue that interest in bitcoin via google is more closely linked to Bitcoin being in the news and volatility in price then it is the actual price. |
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Thank you so much Though my problem at the moment is crossing the fees with the daily US$ exchange rate to get total fees. I suppose I'll have to get a spreadsheet going Unless you are exchanging a very small amount on exchanges it should almost always be very obvious that it is cheaper to use bitcoin then it is to use Western Union. |
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Banks are a business, we all have to know it even though they tend to be demonized.
What really bothers me is that nowadays you need to use their services.
No one should be obliged to have a bank account to receive their salary. I'm not sure what a proper alternative would be, but they're basically forcing everyone to put your money in a third party company. Not cool.
That is what bothers me also. I don't care if they are trying to make a buck, but I should not be coerced into participating in such a scheme. Noone is really "coerced" into participating in the banking system. The issue is that it is very expensive to not use the banking system. At least by "yesterdays" standards. |
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Ideally money itself is not an investment but rather the machinery of commerce with its role as a medium of transfer of work done in an economic system People invest in "money" all the time. The foreign exchange market is driven primarily by investment. |
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IMO it does not matter on the Socialism/Capitalism debate. A wise man once said the Poor will always be among us. Either way Government does not have the answers and I rather not give up my freedoms. Any society that gives people the freedoms and rights to choose their own fate is the way to go.
Amen Brother In theory there will not be poor people in socialism. Everyone would get exactly the same amount of resources regardless of how much you contribute to society. |
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There's no apparent need in cutting the portfolio. It will decrease naturally as bonds mature.
If there's a need in soaking up the excessive liquidity they have a range of other instruments, namely repos and manipulating rates on excess reserves.
The fed would need to reinvest the proceeds of matured bonds into new bonds or else liquidity would dry up. When US treasury bonds mature the treasury must issue more bonds to repay the bonds that are maturing. If the Fed does not buy some of those bonds then the effect would be the same as if it had sold the bonds in the open market. Are you saying that 80% of the Treasury bonds sold by the U.S. are bought by the Fed, and if the Fed doesn't buy them, nobody else will? That can't be true!  That is not what I am saying. What I am saying is that if the treasury sells bonds that are not purchased by the fed then they will need to be purchased by banks. If banks buy these bonds then they will have less money to lend to other banks, corporations, small businesses, people and the like |
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The price of bitcoin will likely fall in anticipation of the auction, however will rise once all the supply has reached the market.
The auction will likely make the mainstream media and will raise awareness about bitcoin.
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In my opinion it kind of slows bitcoin, trades forus on trading altcurrencies instread into trading bitcoin even thought most altcoins are binded to btc exchange.
Alts are really just a waste of money. They do not add anything that bitcoin cannot do. |
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Rise of 1100$ last year was caused by two BOT of Mt.Gox, know you?
People are overestimating the power of two bots. Look that two Bot can be much dangerous for the market, especially if you have many Bitcoin. Bot can only manipulate short term price on one exchange, they can not manipulate long term price on exchanges all over the world. If the spread between exchanges is large enough then people would start to use arbitrage between exchanges, causing the price to rise on other exchanges. Exactly. Now there isn't much spread between exchanges  Price of Btc-e is very similar to price of Bitstamp ! The reason that gox had a premium late last year and early this year is that it took forever to receive fiat form them so people would repurchase the coins they sold, withdraw the coins and sell on another exchange. Right, but time to have money was too much longer in Mt-Gox. I remember that the time for a payment in Mt-gox was 3-4 week ! There were a lot of people who were not willing to wait that long. |
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State governments in the USA have been doing this just about forever.
I heard people have difficulties claiming their money back in Australia. Probably it involves huge expenses on legal process and attorneys. Also, I see that many states have decreased the age of "dormant" accounts, like state of Georgia, to just a single year. They are really hungry for our money and do all possible to grab it by any mean. People should still be able to get their money back from the government after the state takes it for being dormant. |
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Ugh the claims process is so drawn out lol. Gonna be mid 2015 at the earliest before we start seeing some partial reimbursement.
It could happen earlier in the event GOX is sold to a 3rd party. |
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That is your notion of inflation, not the one you will read in most textbooks on economics.
"In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.[1] When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy.[2][3] A chief measure of price inflation is the inflation rate, the annualized percentage change in a general price index (normally the consumer price index) over time.[4"
Sir, this is the worst, manipulative post i have ever seen. The above quote is from Wikipedia, BUT you have intentionally erased a line from the definition. The original looks like this: "In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.[1] It can be defined as too much money chasing too few goods.YEP it is pretty clear that user: "Trading" is a douche Fed lapdog with no integrity. QE IS INFLATION. INFLATION IS BAD (no matter how try to justify it) Banks, manufacturers, governments, currencies and everyone should be allowed to fail. In their wake better solutions will arise. Look at Mt Gox. They sucked. They failed. Now better exchanges rule the landscape. Bitcoin and a truly free market will prevail. Inflation in general is bad, but the opposite, deflation is much worse. With deflation people will wait until "tomorrow" when prices will fall, causing prices to fall even more, causing people to delay their purchases even longer. This results in a decreased level of economic activity. Inflation needs to be kept at a low level but not so low that deflation is a threat. If I am burdened by a large debt (mortgage, toxic MBS's, multiple trillions in national debt) then inflation is the manna from God. It will wipe away my debt by making it worth less. If I am not burdened by debt (cash in bank, secure job, no mortgage) then deflation is the ants pants as prices decline and I can purchase goods when I believe the price is fair. I know that mobile phones, TV's etc are going to be much better in the coming years but I still buy them. The model I buy will be much cheaper next year if not next month. I still buy because I want the item. The market would always find a bottom when enough people think it is fairly priced. Shit businesses loaded by debt fail and new ones replace them that figure out how to do things better. I'm not sure I believe that deflation is the devil like you're saying. Deflation is bad because it leads to lower economic output. It often causes recessions and depressions. Even if you are not burdened by debt (the security of your job is not relevant) then your income would likely go down or possibly go away and there is a greater chance you will be without work. Most people without debt still rely heavily on their income from working which would be hurt by deflation. The security of my job is relevant as a secure job produces a regular paycheck. If you have a secure income in deflationary environments then your purchasing power increases as your income remains stable. There is no way out of this QE mess without deflation. Japan has QE'd for 20 years and still cannot shake it (different scenario in some respects and some - Keiser particularly - even argue that QE begets deflation.) But anyway, there is always room for conflicting opinions. I dont think there is a way to stop QE without deflation taking over, and it cannot continue indefinitely. In a economy experiencing deflation, there tends to be less work available. Even if your job is "secure" today it is less likely to be secure during a time that an economy is experiencing deflation. You would also face the risk that your employer still needs you to work but cannot afford to pay you as much per hour (or per year) and were to cut your salary. People need to be dynamic and change job to meet market demand. Not the other way around. That is true but is not always possible if there are not jobs available. |
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Litecoin has no usage and no unique feature.
With ASICs coming to the market for scrypt algs, LTC will really be nothing more then BTC. |
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This is the answer that I like ! So, I think that if a group of investor that have 20 million+ may manipulate quietly the market And it is not difficulty to find 20 million $ for only one investor Depends on how BIG is this ONE investor... For Wall Street sharks 20 Millions are pocket change...Phone call to Feds... Hey boss, I like you, I like your thought ! So, maybe we would have to call Warren Buffett and ask something, or The Wolf of Wall Street Thanks, buddy... This is the way how they work...Day-trading since 1997... ZiG Nobody know if a stock drop or move up, to the exception of Warren Buffet So invest with a high safe and try to make money Noone can really tell you what will happen to the price of anything over the short term. If you can properly analyze the underlying fundamentals of an investment then you can predict how well it will perform. |
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If you are asking about mixers/tumblers they are services that attempt to disassociate coins that you send them with new coins that they send you minus their fee.
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How transparent are Bitcoin exchanges with regards to delivery of BTC being shorted? Have we looked into the potential for naked short selling, which would involve the allowance of infinite short selling, to the point of selling more BTC than even exists? http://en.wikipedia.org/wiki/Naked_short_sellingI don't think any of the exchanges allow for short selling at all. |
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I don't think you can actually short bitcoin.
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