No stop loss... the lower the price goes the more I'll buy, because I don't trust the market price, I trust my instincts. That's another basic investment concept  |
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I think you don't understand. That is precisely how market caps are calculated.
And now I'm just a tad smarter, too bad I didn't google it in the first place. Self Fail. LOL we all make noob comments sometimes  |
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Moving the decimal place and keeping it moved. We need for people to be able to get 60+ bitcoins for $10. Ideally bitcoins should be worth about 5-15 cents.
"moving the decimal" in that way is fraud. What people can get cheaply is bitcents or bitmills. It's not fraud, it's notation. So long as all clients and prices reflect this switch automatically, then nothing has really happened except for a notational change. What WOULD be fraud is if someone could create new coins themselves that were not part of the 21m set. |
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What will make BTC rise in value? All the people who are building valuable services around it instead of fretting over daily price moves =)
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The point is simply this: as the value of btc climbs, there is a psychological (not rational) barrier to buying at "high prices." It's purely an irrational thing, but my guess is that we all suffer from it a bit. Something called a bitcoin that costs $50 sounds expensive. Something called a bitcoin that costs $5 sounds less so. I suppose there is also a somewhat rational argument that "common goods and services" priced around $1-$10 USD should be purchasable with single units of bitcoins, as opposed to fractions which are awkward for people.
So those people who advocate for this decimal shift are simply trying to minimize the psychological barrier to entry and the validity of that can be argued back and forth. I think it will be reasonable to move the decimal at some stage, but now is not the time. Stability and confidence are important now - no need to move decimals around when most people still think such a thing is inflation (it's not).
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So THAT'S his real name!!!!
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ok that's all for my shameless plug.
America was built on business. Marketing - especially as it relates to pretty ladies - is welcome in my thread =) |
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Today, to celebrate Independence Day (best to call it that, and not "The 4th of July"), I'm doing a couple special things.
1) I'm buying $1,000 more of Bitcoins
2) I'll purchase something... maybe some BitBrew? Maybe an Austrian Economics textbook off Amazon using the btc Amazon vouchers?
3) I'm burning a Federal Reserve Note sometime tonight at the festivities
4) I'm rejoicing and celebrating independence from the central banking fraud that has been perpetuated upon this great country of America.
Whether you're American or not, anyone involved in Bitcoin is celebrating independence today.
Three cheers for liberty!!!
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But why would creditors stop lending money?
Creditors never stop lending money... they stop lending it at a given rate. They demand higher rates, and this is where the danger lies. |
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I'll prophesize here: In the future, most people will not use wallets on their computers (due to security risks).
Most bitcoins will thus be stored at bitcoin banks, and a purchase at a burger king will be between bank and burger king. Trust will be immediate and you'll get your burger right away.
Thankfully, people won't HAVE to use banks if they don't want to, and the banks can't peddle fiat BS.
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bitcoin is THE threat to government.
fixed |
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nobody in the US says cheers as a sign off. lol
Not quite true! I say it sometimes, but only to be cheeky Actually I spent 2 years in Dubai surrounded by Brits, and otherwise I'd never speak it. |
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Good question OP. Bitcoin should not be regulated in any way, period. However, it will be, and this doesn't bother me because deep down it cannot be regulated and we know that. So let the stupid senators make their laws regarding the exchanges and money laundering and blah blah blah. The fact that I can keep my coins secret, on a thumb drive, and transfer them across the world with nobody knowing means I care not what laws are plastered upon Mt. Gox. And strategically speaking, if the politicians go ahead and regulate parts of bitcoin, it will lend it legitimacy and help it become even more ingrained in the economy. It will build and build. This is much better than if the politicians outlaw it fully... and we know they'll either regulate or outlaw, so I prefer the former. And again, we know the meaningful essence of btc cannot be regulated anyway |
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Believing the falsehood of our money being backed by gold has absolutely nothing to do with (R) or (D).
exactly. I'd say believing that falsehood has everything to do with (R) and (D). Both parties are the reason the country is so ignorant. How many (L's) would make such a silly mistake? Fewer. |
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Bought a domain today, a t-shirt 2 days ago, and alpaca socks a week ago. Love the transaction every time with bitcoin.
What amazes me is that paying with bitcoins is often EASIER than with a credit card. No entry of 10 info fields, no finding my wallet. I just copy, paste, send. Internet payments have been evolving for 20 years, and this brand new beta-version bitcoin thing is already easier!!! THAT is something to recognize.
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Many forum members are libertarians.
Almost all forum members have no knowledge of economics.
The intersection of these groups is angry at the fed and writes posts about it.
I would suggest you ignore them.
Sir, you have insulted my sacred honor. I challenge you to an econ-off. ::slaps you across face with pretty white duel-glove:: |
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With 100% certainty that delivery would indeed occur, then I'd pay up to .85 btc for 1 btc in a year.
Without any risk, it's merely a question of time-value of money. Someone planning to just hold their btc for a year should rationally be willing to pay up to .99 btc for 1 btc in a year. I plan to use mine for things, thus my number is lower.
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Wonderful intro video. Pretty and eloquent girl, and well-presented. You hit on the major pain points of merchants and addressed them well. Brilliant job. One nitpicky recommendation - the sound quality in the video isn't great. Not sure if it can be easily remastered?
I REALLY like your ambition and concept here. Will be keeping my eye on it.
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You don't understand why people are antagonistic about their money being stolen from them through inflation? Or were you joking?
The Federal Reserve ought to be abolished. Money, like all goods and services, is properly managed by the free market, not any coercive governing body.
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