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1  Economy / Speculation / Re: [Trading Simulator] A fun & free Speculation Game - SWITCH TO BPI ON JULY 15 !!! on: October 29, 2015, 02:43:03 PM
Well i heard it's going up to $560k soon, so I'll hold for now.
2  Economy / Speculation / Re: [Trading Simulator] A fun & free Speculation Game - SWITCH TO BPI ON JULY 15 !!! on: October 16, 2015, 12:05:02 PM
Ha, $259.4 on Bitstamp as I write!

Bitcoin adoption measured via number of transactions still grows rapidly.

Provided the current constraint on block sizes can be removed, then at some point this adoption has to be reflected in a much higher price.

If the restrictions remain, Satoshi's vision of bitcoin as a peer-to-peer electronic cash system without the need for other financial institutions will be compromised, leaving the outlook far less certain.
3  Economy / Speculation / Re: [Trading Simulator] A fun & free Speculation Game - SWITCH TO BPI ON JULY 15 !!! on: October 07, 2015, 11:50:52 AM
still holding ...
4  Economy / Speculation / Re: [Trading Simulator] A fun & free Speculation Game - SWITCH TO BPI ON JULY 15 !!! on: July 29, 2015, 08:30:22 PM
Holding
5  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 12, 2015, 03:58:07 PM
If Satoshi traded his (according to your example) $10 billion worth of bitcoin with Greeks for their property, they would not be any poorer because they'd have all that bitcoin in exchange. They might even be better off since by entering into the transactions they would have increased bitcoin's adoption and hence its value.

Yours is a false argument because your conclusion assumes bitcoin is worthless, which assumption is inconsistent with your premise that bitcoin is circulating with a value of $10,000/BTC.

Bitcoins (or any currency) are not wealth, they are tokens that people can exchange for wealth with other people.

When you are measuring the wealth of one person or company, it is correct to include any currency that they own, because currency is so easily exchanged for other wealth with other people or companies. 

But when you are measuring the wealth of a country or of a planet, you cannot include the currency that its inhabitants own, unless they can easily exchange it all with people outside the country or planet. 

In that example, before Satoshi spent his stash, the Greeks owned a lot of houses and land, and 9 million bitcoins.  After Satoshi's buying spree, they would own a lot fewer houses and land, and 10 million bitcoins.  Unless they can use that 1 M bitcoins to buy 10 billion USD worth of stuff from people outside Greece, they will be poorer by 10 billion USD.

Wealth comprises those assets people value and people can value bitcoin just as they can value other currencies, gold, art, houses or anything else.

It is not necessary that in order to include their currency in their measure of wealth people must be able easily to exchange all their currency with people outside their country or planet. It is only necessary that at the margin they can exchange a part of their currency for something they value more highly: currency has value as a means of exchange and it does not matter with whom they exchange it. A more freely exchangeable currency will, all other things being equal, clearly be superior (more valuable) than a less freely exchangeable currency, but the idea that the whole currency must be exchangeable with people outside the country or planet is false: it is enough that you can find one person willing to transact with you.

If Greeks choose to exchange property for $10 billion of bitcoin they are not obviously poorer by $10 billion, unless you presuppose no one wishes to exchange anything for bitcoin any more so soon after it becoming worth $10,000/BTC. There is no obvious reason to make that supposition; it would be an arbitrary assumption. Apart from anything else, there is no obvious reason why bitcoin could not become a means of exchange for dealing with Greeks if Greeks valued them.
6  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 12, 2015, 03:01:42 PM

If a large group adopts bitcoin now, at the current price or at a higher price, they would be sharing their wealth with the early adopters in proportion.

For example, if Greece adopted bitcoin, and 9 million BTC were circulating there with a value equivalent to 10'000 USD/BTC, then Satoshi's 1 million BTC would allow him to buy 10 billion USD worth of Greek property.  Greece then would become 10 billion USD poorer.

That is why no sane government should allow privately issued money: the people who issue it take wealth from those who use it.

...

If Satoshi traded his (according to your example) $10 billion worth of bitcoin with Greeks for their property, they would not be any poorer because they'd have all that bitcoin in exchange. They might even be better off since by entering into the transactions they would have increased bitcoin's adoption and hence its value.

Yours is a false argument because your conclusion assumes bitcoin is worthless, which assumption is inconsistent with your premise that bitcoin is circulating with a value of $10,000/BTC.
7  Economy / Speculation / Re: [prediction] Next spike $560,000 14 months from now on: June 10, 2015, 08:59:02 PM
I find it encouraging that the number of transactions has continued to grow exponentially, despite the price decline since the ATH.

As long as there is underlying network growth bitcoin's utility will increase, and so, ultimately, will its value.
8  Economy / Speculation / Re: [Trading Simulator] A fun & free Speculation Game - 75 PARTICIPANTS on: June 03, 2015, 06:38:31 PM
BUY $228.67
9  Economy / Speculation / Re: [Trading Simulator] A fun & free Speculation Game - 75 PARTICIPANTS on: June 02, 2015, 08:56:10 PM
Sell $226.85
10  Economy / Speculation / Re: [Trading Simulator] A fun & free Speculation Game - ACTIVITY CHECK until 05/31 on: May 31, 2015, 06:57:08 PM
Bitcoin is so slow these days.

I suppose that's a good thing?
It's the calm before the storm...

I keep hoping! There were calm periods before both the 2013 bubbles ...
11  Economy / Speculation / Re: [Trading Simulator] A fun & free Speculation Game - ACTIVITY CHECK until 05/31 on: May 31, 2015, 02:03:30 PM
Bitcoin is so slow these days.

I suppose that's a good thing?
12  Economy / Speculation / Re: [Trading Simulator] A fun & free Speculation Game - 76 PARTICIPANTS on: April 26, 2015, 08:34:32 PM
Holding
13  Economy / Speculation / Re: [Trading Simulator] A fun & free Speculation Game - ACTIVITY CHECK until 03-24 on: March 23, 2015, 08:32:17 AM
I just hope I can wake up again.
14  Economy / Speculation / Re: [Trading Simulator] A fun & free Speculation Game - 68 PARTICIPANTS on: March 01, 2015, 08:21:31 AM
Yep, waiting for the leg up!
15  Economy / Speculation / Re: [Trading Simulator] A fun & free Speculation Game - ACTIVITY CHECK 18/02 - 20/02 on: February 18, 2015, 08:18:55 AM
HOLD
16  Economy / Speculation / Re: [Trading Simulator] A fun & free Speculation Game - ACTIVITY CHECK until 02/07 on: February 05, 2015, 08:53:39 PM
Hold
17  Economy / Speculation / Re: The Despondancy Stage on: January 30, 2015, 04:29:08 PM
I've been sitting tight hodling since October 2012.

I remember feeling quite well off November 2013 time, but yep, the rollercoaster's been playing a bit rough since; I still think it beats putting the money in the bank or stock market though.

I've found it's helped moving somewhere sunny and living off the proceeds of the house while bitcoin makes its mind up.
18  Economy / Speculation / Re: [Trading Simulator] A fun and free Speculation Game [59 participants] on: January 20, 2015, 07:13:01 AM
BUY @ $209.60
19  Economy / Speculation / Re: [Trading Simulator] A fun and free Speculation Game [58 participants] on: January 18, 2015, 10:11:38 AM
SELL @ $210.32
20  Economy / Speculation / Re: [Trading Simulator] A fun and free Speculation Game [54 participants] on: January 13, 2015, 09:15:54 AM
BUY @ $246.72
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