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As usual: panic? Gold up, bitcoin user unaffected  *actually BTC is down, but I won't rub it in, because that would be mean. |
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I corrected this user: Bitcoin is the best performing currency this year. I think that's why people are choosing it.
My post got deleted. A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator.
Incorrect. The Coin Which Shall Not Be Named is the best preforming currency this year.
By far.
Doesn't even compare. Which, BTW, is an equally meaningless metric. Because Scratch tickets bought at Abdul's Bodega may be an even better currency this year, because he sold a million-dollar winner. Please don't think that buying scratch tickets from Abdul is a sound financial strategy -- it ain't. If not obvious, this is what leads to trolling: Red team posts a whopper, gets soundly rebuffed by Blue, and, instead of accepting defeat gracefully, Red deletes the 100% factually accurate retort. Blue team feels slighted, and resorts to equally underhanded measures  "And so begins the twelfth year of my idiotic war. The pain of it! The stupidity!"--Grendel |
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wooooo please tell me again how great brexit is for bitcoin.
Although I don't believe politics like BREXIT will be left unmanaged by the Elite, let's see something here that most people overlook: Assume you are british. What's best for your networth? Local fiat (GBPs) or BTCs?  What is "false dichotomy"? If your currency is failing, why would you pick the *second worst* currency? Why not go with the USD, which is both simpler to obtain & hasn't dropped 8% today? |
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[...]
Yeah, it was pretty dumb. How does anyone even think those things are connected?
A lot o' people don't realize what's really going on. They view life as a bunch o' unconnected incidents 'n things. They don't realize that there's this, like, lattice o' coincidence that lays on top o' everything. Give you an example; show you what I mean: suppose you're thinkin' about a plate o' shrimp. Suddenly someone'll say, like, plate, or shrimp, or plate o' shrimp out of the blue, no explanation. No point in lookin' for one, either. It's all part of a cosmic unconsciousness. *Bitcoin (BTC) $621.18 ( -8.69%) |
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The next shoe may be about to drop ...   |
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Yes, Bitcoin is a new asset class, like gold, much better than gold.
It is ubcorelated to stick stock, it has predefined upper limit. It can be used. It even can hide from tax. Perfect for small investors.
...and it can be turned off, with one snap of the fingers from the Chinese government. Cause they want to kill the golden goose  What golden goose are we talking about? China's GDP is over 10 Trillion USD, Bitcoin's total market cap is 10 Billion dollars. Given: 1. The miners hand over everything they mine to the government 2. The cost of mining (electricity, hardware, employees, etc.) is nothing (zero) 3. Chinese miners mine *all* the blocks (100% of BTC is mined by the Chinese) 4. BTC price is $1,000 per (for simple maths) Calculate how much Chinese miners contribute to Chinese economy, per year. |
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I can fly so high Never ganna die Born to be wild Born to be wild    |
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Right, so since we're on topic how many gun related deaths happen in US and how many in France?
Banning cars could markedly reduce the incidence of death by vehicle. But beware, someone might still be able to buy a multi-tonne missile (car) on the black market tho. Personal liberty and responsibility has its blood price. Same for the lack thereof. If cars were specifically designed to kill people, as guns are, how long do you think it would take for them to get banned? That said, cars are one of the most highly regulated consumer goods in US. One needs a license to operate a car, the car itself must have a valid vin & be registered, inspected yearly, and, in most places, insured. The car must comply with all sorts of DOT regulations (safety equipment, emissions, etc.), and draconian traffic laws (speed limits, can't drive drugged/drunk, can't run stop signs, etc.). I love both cars and guns to bits, and don't mind ridiculous analogies, but let's be real here. *The volume is rather disappointing. We have only so much time to capitalize on brexit, and that window is closing fast. @yefi, The UK may have committed 'an act of economic self-harm with global ramifications'No need to run away from home just to hurt your father 1. Guns are far more often used to kill food. 2. Non of those vehicle regulations apply to farm-use vehicles. They only come into play if you want to take you vehicle onto public roads. 1. What do you hunt with a handgun? Or an AR, which is what's being discussed here? No one is trying to regulate shotguns or hunting rifles. 2. Farm-use vehicles are used to make food. Think shotgun, which I could buy in many states by walking into a store and showing my ID. I can also buy an AR by simply walking into a store and showing my ID. @yefi, well yeah, self-harm is like that, you can't bring back suicides. I guess that's a win in your book? Well than talk about assault rifles, not guns. There was no mention of AR15s or assault rifles in to post I was replying to. You'll have much better luck if you don't lump all guns together. Ah, sorry, this is the context: Fortunately , some of my comrades are helping swing these number up by selling thousands of "gun factories" which make it impossible to really know how many unserialized AR15s are in texas and worldwide. Great company and people(and they sometimes depend upon bitcoin because constantly have merchant processing problems) - https://ghostgunner.net/ https://defdist.org/TL;DR: Unregistered, untraceable, and grossly overpriced AR lowers for neckbeards who can't even walk out into the fresh air & hang out in a gun show parking lot for, like, an hour, to save themselves a grand. |
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Right, so since we're on topic how many gun related deaths happen in US and how many in France?
Banning cars could markedly reduce the incidence of death by vehicle. But beware, someone might still be able to buy a multi-tonne missile (car) on the black market tho. Personal liberty and responsibility has its blood price. Same for the lack thereof. If cars were specifically designed to kill people, as guns are, how long do you think it would take for them to get banned? That said, cars are one of the most highly regulated consumer goods in US. One needs a license to operate a car, the car itself must have a valid vin & be registered, inspected yearly, and, in most places, insured. The car must comply with all sorts of DOT regulations (safety equipment, emissions, etc.), and draconian traffic laws (speed limits, can't drive drugged/drunk, can't run stop signs, etc.). I love both cars and guns to bits, and don't mind ridiculous analogies, but let's be real here. *The volume is rather disappointing. We have only so much time to capitalize on brexit, and that window is closing fast. @yefi, The UK may have committed 'an act of economic self-harm with global ramifications'No need to run away from home just to hurt your father 1. Guns are far more often used to kill food. 2. Non of those vehicle regulations apply to farm-use vehicles. They only come into play if you want to take you vehicle onto public roads. 1. What do you hunt with a handgun? Or an AR, which is what's being discussed here? No one is trying to regulate shotguns or hunting rifles. 2. Farm-use vehicles are used to make food. Think shotgun, which I could buy in many states by walking into a store and showing my ID. I can also buy an AR by simply walking into a store and showing my ID. @yefi, well yeah, self-harm is like that, you can't bring back suicides. I guess that's a win in your book? |
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Right, so since we're on topic how many gun related deaths happen in US and how many in France?
Banning cars could markedly reduce the incidence of death by vehicle. But beware, someone might still be able to buy a multi-tonne missile (car) on the black market tho. Personal liberty and responsibility has its blood price. Same for the lack thereof. If cars were specifically designed to kill people, as guns are, how long do you think it would take for them to get banned? That said, cars are one of the most highly regulated consumer goods in US. One needs a license to operate a car, the car itself must have a valid vin & be registered, inspected yearly, and, in most places, insured. The car must comply with all sorts of DOT regulations (safety equipment, emissions, etc.), and draconian traffic laws (speed limits, can't drive drugged/drunk, can't run stop signs, etc.). I love both cars and guns to bits, and don't mind ridiculous analogies, but let's be real here. *The volume is rather disappointing. We have only so much time to capitalize on brexit, and that window is closing fast. @yefi, The UK may have committed 'an act of economic self-harm with global ramifications'No need to run away from home just to hurt your father |
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Wonder it it's too much to hope for to breach 700 again this weekend......
Why? It's only $20 away. Was actually expecting 700s yesterday. Staying up there is a different thing. |
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Hi, I think Brexit confirmed that Bitcoin is de-facto new asset class and is in the same group with Gold - if you look at what Gold is doing (spikes most in 7 years, 27monhts heights) Source: http://www.zerohedge.com/news/2016-06-24/gold-spikes-most-7-years-27-month-highs. Just in case you didn't notice - Bitcoin added 100 USD to its value in less than 12 hours (from 575 USD at 18:00 UTC to 675 USD 7:00 UTC the next day - Bitstamp). If you say it's not connected with Brexit I don't buy it.Opinions? >Unironically quotes Zerohedge  But yeah, perfect backstory for a pump. Though proving a bit anemic, expected a bit more. honestly I don't think it matters much who is quoted as long as it's easily verifiable truth (which this one is - it's a market number) Sure it matters who you quote. If we were talking history, and you quoted stormfront or /pol/, I won't take you quite as seriously as I otherwise might. Even when the quote itself is factually accurate. Not how it should be, but, nevertheless, that's how it is. On to factual accuracy: Gold was climbing all year long. Zoom out. Bitcoin had a 25% dump days before the results came in, also rebounded $100 before the results came in, and, after the results came in and the outcome was clear, remained absolutely flat. Explain how this supports your assertion. |
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Well at the rate some of these reserve banks are printing "toilet paper" money, it could just be likely that enough fiat will be available to try things like this. Only problem is, the more they print, the less
it's worth on the open market.
...and yet bitcoin is only worth half as much US toilet paper as it was at its peak. How is this possible? |
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Brexit and Bitcoin ?
The Bank of England has just decided to pump an extra £250 billion into the banks - to keep things ticking over, so to speak. I'd like to say the banks are getting it for free - but of course they are not getting it for free - the people of the UK will pay for it.
This is the case for Bitcoin.
And that's why the price is going through the roof. Amerifat here, BTC has gone up exactly ... -$20. I remain cautiously optimistic. |
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There is just no way to accumulate that kind of size off exchanges without moving the price significantly, and that's going to get even more pronounced after the halving kicks in.
Why would this need to happen off-exchange? And what makes you think it hasn't happened/is not happening now? Daily exchange volume is ~$300mil. i think the issue here is not about whether or not someone can do this. the biggest part is WHY ?
Well, if we're to take some people here seriously, Bitcoin aims to make legacy finance (& even governments) obsolete. |
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This goes back to a game theory, someone did a presentation a couple years ago at one of the conferences. I think it was called brower theorem. What happened is that the buyer gained no benefit. Consider this, you're playing the game of monopoly and the paper slips of money have value because the other players need it. If you have all the money, it's not as valuable because the other players can't use it. At some point, the value of what you hold loses value as a commodity.
Bankster McEvol is not trying to become fabulously wealthy from BTC. If he sees it as a threat, he destroys it, at a nominal cost to himself. Think of it as our immune system attacking our own cells to get rid of a virus. A bank could buy all the bitcoins available to destroy it, but then everyone could just use Bitcoin2, etc. A similar situation happened on testnet, some a-hole started supermining all the testnet coins to sell them, so testnet was reset.  Truth in numbers goes both ways. So if you just lost a fortune because Bitcoin 1 became worthless, you'll magically get more fiat & invest that in Bitcoin 2 (which will also become worthless)? By the time we get to Bitcoin 3, even the True Believers would learn to stop throwing away their money. |
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ETH is related for me it's pretty obvious that some whales have been involved in the BTC crash. They just profited from the bitfinex incident to use this sell off traction while pumping ETH. This makes BTC holders to psychologically see ETH as a place to be while BTC corrects. Dont fall for it.
ETH is sort of a speculation coin and it value increase and decreased mostly by speculation. If you are a serious looking for a long term investment, Go for bitcon and do not panic for little dumps of bitcoins on the way. So BTC swinging 20% a day makes it more of a safe-haven coin? |
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After brexit polls get over bitcoin price already turned back into green however growth seem slow this time than recent pump may take 2-3 weeks to again reach 800$ but i think it will certainly reach there.
Buy the rumor, sell the news. Market waiting to pull the trigger. |
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After pound get down and have heard that it is down to lowest since 1985, so those money from shorting pound may goto another asset in trade which could be any but it seem like gold have already got share of this money, may be bitcoin will be next. I am ready for roller coster ride with seat belt tighten......  Isn't shorting £ done mostly with $ or €? You're telling me Forex traders will sell $/€ for BTC? That makes sense to you? Buy the rumor, sell the news. |
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