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1485
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 19, 2016, 08:56:04 AM
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Sorry, but this is really good. Just a big share. IDK. BAH. Isn't it? https://medium.com/@BitFuryGroup/keep-calm-and-bitcoin-on-4f29d581276#.89z3s67scBy Valery Vavilov, Co-Founder BitFury CONCLUSIONI believe in Bitcoin. I believe in the Blockchain. I know that the vast potential is just being realized. We wish Mr. Hearn all the best as he commences his work with our friends at R3CEV. It is important that we respect various input but simultaneously resist the temptation to give Mr. Hearn’s voice too much weight. Bitcoin is not an instant payment network and not a fancy replacement for PayPal or Visa. It is first and foremost a decentralized system, which sacrifices speed in favor of security. A key feature provided by decentralization is permissionless entry for users and developers — and it is thanks to this component that Bitcoin has grown into much more than a currency and has become a platform for Blockchain innovations. Most importantly, Bitcoin is a new world created for anyone — especially for someone like me — who didn’t grow up in a world where “trusted emissary” was a reality and the idea of “asset security” was something other people in other parts of the world enjoyed. I believe in Bitcoin because I believe in democracy and I believe in open societies. And as Winston Churchill once said: “Democracy is the worst form of Government, except for all the others.” Open source projects are not perfect, but they unite the best and most innovative thinkers, and I am honored to be a part of this mission. Is it just me or am I reading one of the most reasonable comments made by a Bitcoin insider so far? Well said Valery Bitcoin is the solution, everything just has to be built on and around it. |
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1486
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 17, 2016, 06:32:42 PM
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Bitcoin is not a viable a longterm store of value, because it has no mechanism to stabilize its value. (Even if it were truly scarce -- which it isn't -- there are plenty of things that are just as scarce but totally worthless.)
Bitcoin's real value can only be determined by on-chain transaction volume. If nobody is doing business on-chain, there will be no demand for coins, meaning no liquidity in markets, and price will drop seeking liquidity. Which is why not raising block size is utterly stupid if you care anything about price with Lightning Network not released yet. If Lightning Network is ever released and functions, it's technically just bundling the same on-chain transactions, so price would continue to increase with an increase in LN volume, just not with an increase in security from fees being bundled. Most people would probably argue Bitcoin has enough security already, and mining increasing to the point of infinity where the entire planet is covered by a bitcoin miner is probably not a good idea. yes maybe true is it any different to oil or other stores of value, not really lets try oil |
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1488
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Economy / Speculation / Re: Automated posting
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on: January 11, 2016, 04:45:17 AM
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china's effect still working australian markets in freefall today next 24 hours should see similar across the world as markets open expecting BTC rise |
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1489
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Economy / Speculation / Re: Automated posting
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on: January 08, 2016, 08:07:06 AM
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love btc-e those crazy australian markets are ripe for picking though Bitcoin: $648.99 Litecoin: $5.15 go bitcoin go |
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1490
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: December 11, 2015, 04:15:25 AM
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serious question for anyone here, what happens if the fed raises interest rates?
Equity markets fall in the crapper, leading to widespread pain and misery. Yet less than would be the case if they don't, and the asset bubble is allowed to inflate further, due to removing the signaling of the price of capital from the economy. +1, damn signals always get in the way |
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1491
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: December 11, 2015, 04:13:06 AM
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correction to 320 ish trap  lets see if the trap sets return trend upward, with double bottom in the 320 ish to come speculation only lets see if double bottom occurs speculation only almost double bottom on the 20th Nov, looks like the trap has closed, lets see if trend continues trend continues, trap initiated, all the cheap coins eaten, prepare rocket ship, next target 600-700ish |
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1493
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: December 09, 2015, 04:20:05 AM
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actually Australian media is the worst load of bullshit ever sprouted, over dramatised headlines and events, manipulated facts or no facts at all, just speculation or hearsay in Australia bitcoins are classed as an asset and falls under the legislation capital gains tax article sounds like the person is evading taxes, does not matter if it is bitcoin or not, the taxation office would still gun him down |
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1498
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 12, 2015, 05:58:17 AM
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why wouldn't the price be manipulated? it's a relatively thinly traded asset with big profit potential...of course it will be manipulated
too right, just like every other market out there, it would be insane to think the illegalities and manipulation within the current financial systems would not be applied to bitcoin buy the dip, ride the wave, sell the highs, cowabunga!! |
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