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361  Economy / Economics / Re: Economics Discussion on: September 02, 2014, 05:11:45 PM
Too many videos like these saying same thing. And lots of people taking credit on the prediction of collapse.

If they were so convinced the collapsed to be true, they would have make a ton of money shorting the market and don't need to keep making sales pitch to sell gold/silver.
362  Economy / Speculation / Re: POLL: Do you still expect a big rally in the next 60 days? on: September 02, 2014, 05:03:45 PM
Big rally is expected given wild fluctuation nature in bitcoin price.

We could drop to 350 one day and then rally back to 600 another.
363  Economy / Speculation / Re: 350 dollars within weeks. on: September 01, 2014, 04:59:15 PM
Half users are bearish and half are bullish, I don't know what to do with my bitcoins.

Need strong stomach to hold on to bitcoin.

If you don't have one, better stay on the sideline like most of us.
364  Economy / Economics / Re: Has anyone made a comfortable living only investing in crypto trends? on: September 01, 2014, 04:51:44 PM
Late comers lose a great deal of money investing in altcoins and over paid for bitcoin.



You never know whether they overpaid or not. A couple of years down the line, they could be sitting on huge profits.

No one know what the future hold. One thing for certain is people over paid by wide margin based on today price.
365  Economy / Economics / Re: Why are the exchanges so intertwined? on: September 01, 2014, 04:48:42 PM
arbitrage - people make profit via the different exchange spreads, bigger gap = bigger profit so gaps close quick.

It takes long to transfer BTC. These changes happen very quickly so it can't be arbitrage . Sometimes there is always a gap in prices. E.g. There was a time when Bitfinex was always higher than Bitstamp by a few dollars. If arbitrage was the answer then why that gap?

If the exchange with higher price allow shorting btc, you can buy on exchange with lower price and then simultaneously short the same amount to lock in the price.

Then transfer the btc from exchange with lower price and close the entire position after bitcoin arrived.
366  Economy / Economics / Re: Has anyone made a comfortable living only investing in crypto trends? on: August 31, 2014, 07:38:02 PM
Late comers lose a great deal of money investing in altcoins and over paid for bitcoin.

367  Economy / Speculation / Re: ECB to start quantitative easing. Bitcoin beyond the moon? on: August 31, 2014, 07:35:23 PM
Longterm, QE will drive all prices up, not only Bitcoin's. Inflation is increasing in all developed countries. But inflated prices are not equivalent to more wealth. Increased purchasing power is what we want. That won't come from QE, it will come from bitcoin adoption.

ya.ya.yo!

QE essentially screws retired folks, who have invested their life savings in debt to get a steady return on income.

No. Most retired folks have home which they can still keep refinancing to strip the equity.

And since the refinancing rate is still low, this actually benefit them.
368  Other / Politics & Society / Re: what dont you guys get about Snowden and the NSA? on: August 31, 2014, 07:31:55 PM
Most people really don't care because they have nothing to hide and little to lose.

Those who do care do out yell out so loudly to catch the attention of the so called agency and draw attention to themselves.
369  Other / Politics & Society / Re: Europe Needs to Embrace Islam - The New York Times on: August 30, 2014, 03:24:03 PM
Muslim can move to France and stay there.

They will be welcomed there with open arm.
370  Economy / Speculation / Re: BTC Needs users and not hoarders on: August 30, 2014, 03:21:23 PM
To keep the value artificial high, we need hoarders.

To expand the market and increase merchant adoption, we need spender and consumer.

Increasing usage might not be good for speculator as merchant usually do not hold the coin and sell right away. Hence depressing the price.
371  Economy / Economics / Re: US National Debt / Deficit - How does it end? on: August 30, 2014, 03:14:51 PM
All the foreign debt will eventually be paid off using asset hold by US.

Intellectual property, real estate or asset and service will eventually be used to paid off debt to foreign entities.

Selling real estate? I don't see that happening.
It is easier just to print money.  Smiley

There are already a lot of Chinese buying up all kind of real estate in US and around the world.

All that money will need to eventually end up somewhere. Money manager and wealthy family won't just put the money in the bank account and let it eroded away.
372  Economy / Speculation / Re: Dubai to drive the next boom on: August 29, 2014, 04:20:06 PM
UAE exchange opens in Dubai:

http://www.coindesk.com/uae-first-bitcoin-exchange-dubai/

Bullish. As. Hell. 

Some rich people there.  Grin

Is the exchange complying with international standard?

That is, if I use the exchange, will I be black listed by my bank?
373  Economy / Economics / Re: When will the USA pay their debts, if ever? on: August 29, 2014, 04:16:18 PM
I don't think it's possible. Maybe default or hyperinflation will take care of it.

You don't really have to take care of it. Just keep rolling over the debt in perpetuity and make sure that it doesn't balloon into something unmanageable. As long as the interest is serviced, the debt holders might not have an issue. The problem comes when the US won't be able to refinance this debt, but that is highly unlikely.


If the debtor nation refuse to raise interest rate, inflation will be rampant. Debt will continue to pile up and capital will leave the country.

If the debtor nation raise interest rate, that will create budget problems at the federal and state level.

The interest paid to China alone can fund their entire military budget for the year. Anyone else see the seriousness in this?
374  Other / Politics & Society / Re: One in six French people say they support ISIS on: August 29, 2014, 04:08:25 PM
The islamisation of France has progressed rapidly in recent decades
Plus a huge base of demented, lazy-ass left-wingers who won't work but hold all kinds of ill-considered political views

Disturbing fact that people equate liberal to being lazy ass left wingers.

Is is right to equate conservative to being greedy crony ass right winger?
375  Alternate cryptocurrencies / Altcoin Discussion / Re: Official BitShares X support thread. [BTSX] on: August 28, 2014, 06:37:24 PM
BitsahresX has over 90M market cap 1-2 days ago. The drop down is quite fast (63M).

High fluctuation like this will drive many potential investors away.
376  Economy / Economics / Re: Petro-dollar era is officially over as Gazprom begins sales in Yuan and Rouble on: August 28, 2014, 06:35:00 PM
I just read this article:
http://www.examiner.com/article/petro-dollar-era-is-officially-over-as-gazprom-begins-sales-yuan-and-rouble

I know it isn't "officially over", but what does this mean for bitcoin?

I haven't the slightest idea Smiley
discuss

This will only improve the fundamental of RMB and not bitcoin.

You can argue a weaken USD means higher btc/USD pair, but won't buying and holding RMB benefit more?
377  Other / Politics & Society / Re: Polygamy Decriminalized in Utah on: August 28, 2014, 06:26:43 PM
I think he's got something like 15 kids so, at minimum, we know he gets down in the sack. I'll leave the rest of the commentary up to you guys. Lips sealed

How much does he make that allow him to have such a big family? Does Utah enforce welfare abuser?
378  Other / Politics & Society / Re: Burger King Dares Obama To Stop It From Fleeing to Canada on: August 27, 2014, 08:14:58 AM
So many statists.. Where to begin? Oh well, enjoy the engineered decline. I know I am here in the UK.

How is UK compare to US? Last I heard, the financial center in London is leaving to Shanghai and Hong Kong.

When the world turn global, it shouldn't surprise anyone corporations will move to where the lowest tax rate is.
379  Bitcoin / Bitcoin Discussion / Re: Are you interested in Bitcoin because of the concept or to get rich? on: August 27, 2014, 08:06:47 AM
I notice that most new users are here looking for ways to get rich off of Bitcoin. It's like Steve Jobs and his buddies created the personal computer, took all the risk and got the company running, started making big money and now people are buying the computer and sitting in front of it waiting for it to make them rich too.

Have you read the white paper?

https://bitcoin.org/bitcoin.pdf

Do you understand the whole point of Bitcoin and what it does for the world? Or are you just hearing about early adopters making a lot of money and you want to buy some bitcoins now so you can sell it later for more money and go back to your fiat world a richer person (though poorer in the long run for living in a fiat economy)?

Incentive is the reason why people do what they do.

I doubt anyone is here because they want to make the world a better place being the only reason. Being an idealist doesn't put food on the table.
380  Other / Beginners & Help / Re: transaction while synchronizing on: August 27, 2014, 07:58:36 AM
The question is: will I loose my money or will everything be alright when the synchronizing is over?

It will be alright after your wallet is fully sync.
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