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on: July 14, 2015, 01:07:13 PM

Quote from: farting_shot on July 14, 2015, 12:22:06 AM http://www.coindesk.com/inside-whale-club-the-trading-room-that-loves-bitcoin-price-declines/ Read and weep, all you sheeple. Thanks for an interesting read. I'm not sure why I'm supposed to weep though.

on: July 02, 2015, 01:13:44 PM

Quote from: Hunyadi on July 02, 2015, 12:52:14 PM What does Obama got to do with bitcoin? Absolutely nothing. I would be surprised if he knows anything about it other than its dubious connections to money laundering and other illicit activates.

on: July 02, 2015, 01:02:50 AM

I personally think that a slow steady rise is better long term. If there is a quick jump to 1200, I don' t think it will be sustainable. That's just too much too fast. Best case scenario is getting to 300 and holding, IMHO.

on: July 01, 2015, 10:42:11 PM

Is it tomorrow yet? I would like another entry at 240.

on: June 27, 2015, 03:31:46 AM

Quote from: afbitcoins on June 26, 2015, 08:50:55 PM In terms of shorting the market, all those bitcoins have to be bought back one day or another so for long/bullish perspective shorting only adds fuel to the fire in future. Right on. When the shorts get scared and start covering, it can be a real catalyst for bull runs. The OP is implying that shorts can artificially depress the market at will. If it was that easy, everyone would do it.

on: June 26, 2015, 02:56:00 AM

Quote from: iCEBREAKER on June 25, 2015, 08:21:35 PM When that software developer seeks to make a (security-centric, financially-sensitive) project dependent upon his economic proclamations and predictions, he should be blamed for that poor design rationale. Are you saying that Gavin, who is no longer the lead developer, is changing bitcoin software based upon his view of economics? I would like to understand this better.

on: June 24, 2015, 02:18:33 AM

Quote from: xcrabber on June 24, 2015, 01:15:27 AM The banks would NOT have to temporarily convert currency into bitcoin. I could see them sending blocks of fed notes (1,000,000's 100,000's 10,000's) with marked satoshi's/colored coins. Of course they would still have to pay transaction fees with bitcoins. I believe it would still be bullish from Bitcoin being acknowledged. It just would be a way more subdued trip to the moon since they would not need a billion dollars of bitcoin to transfer billion dollars of fed notes just a few marked satoshi's. Can you please elaborate on how the block chain can be used to send fed notes (or other non BTC transactions) without using actual bitcoins?

on: June 22, 2015, 07:15:00 PM

Market price is based upon supply and demand, period. Supply could also be considered "lack of supply". We have no way of knowing if the "lack of supply" at any given moment is caused by lost coins, investors who are holding for a higher price, or hoarders that will never sell. Frankly it doesn't matter. We live in the now. The now price is based upon the current supply and demand, regardless of why. It will always be that way. Even if someone advertised that they lost a bunch of bitcoins, I would not expect the market to react strongly. How could it be proven that the coins are permanently lost? Talk about a pump in dump scheme. Just pretend to lose coins, then find them again when the price goes up. Financial markets don't work that way.

on: June 18, 2015, 12:47:05 PM

Quote from: mladen00 on June 18, 2015, 09:45:43 AM LTC is halving (about 2 mnt from now) that's why price of LTC is up Newbie question here. Why does the upcoming halving in LTC impact demand for BTC?

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