I wonder if the wall street bankers have a forum which they use the same as here to argue the toss over why the dollar or gold is rising or going down...
I wonder why a troll that keeps ending all his usernames with "88" doesn't realize that we're on to him... |
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I have a hunch  Do tell! (And please don't say Wallstreet or ETF, or I'm gonna barf) |
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It's existing BTC holders getting impatient and divesting into altcoins. Many of them are the same pnd shit coins that went nowhere a few months back, nothing has changed. They are going to get burned.
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You have been here 2 days and already anonoying the fuck out of me.
It's ok to be very frightened of the obviously superior competition but you really don't have to be a dick. What's the difference between Monero and all the other countless cryptonote clones?
Best community of all cryptocoins, and wealthiest group of supporters (majority of largest Bitcoin holders support Monero). Not comparable with other (insignificant and unneeded) cryptonote clones. Go away https://bitcointalk.org/index.php?topic=784941.0 |
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It's quickly becoming the new form of trolling. And it's fkn annoying as hell. Take it back to your alt coin threads or private forums pls.
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I've seen posts here recently with warnings, but they were soon deleted and users banned.
You'll be joining them soon. |
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Monero therefore is a hedge to Bitcoin, do you agree with this assessment?
Every alt coin is potentially a hedge to bitcoin, not just XMR. So what? Fiat is a hedge to bitcoin as well, lol. The Monero camp is composed of some of the largest Bitcoin holders and if those holders ever decide to collectively withdraw their support, at this point it means a steep dive for Bitcoin.
To insinuate that the btc price is at this point being propped up by some "core Bitcoin elite" is asinine and laughable. I love how these "What if bitcoin's growth is slowing and people decide to jump ship?" insinuative threads to start to come out once the btc price starts to stagnate. |
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Does silver as a store of wealth erode the value of gold being a store of wealth?
Of course. Yet gold can still maintain 100trillion market cap or whatever it is. It doesn't cause the value of gold to collapse because 'why do we need gold, we can just store our value in silver or platinum or ...' No, the gold market doesn't collapse because there are other PM's. But could you say the market cap of gold would be a lot bigger if silver and platinum PM's didn't exist? I think so. |
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It's threads like this that lead me to fully believe that we'll be at a 5-figure exchange rate by 2017...
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The bold part, can someone ELI5 please?
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other stocks have been flying or steadily moving upward. Bitcoin, nothing but down/sideways/more down.
So Bitcoin is a stock now?
Gee I must have missed the IPO.Who's the CEO of this company? I wanna learn more. You did miss the IPO, apparently it happened in Nov '13. But Bitcoin turned out to be another Twitter in disguise, hence the ongoing 9+ month decline, lol. Hope you know I'm joking, right? |
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The bitcoin market right now (and since Dec '13) is so shit, so limp, so sucky, so everything bad that a proper shit market should be. In the same time period, other stocks have been flying or steadily moving upward. Bitcoin, nothing but down/sideways/more down.
Makes complete sense that I'm involved at all. FML.
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We are into a long donwtrend, we can hit 400 soon.
Nope. |
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I think his estimated timeframe is a bit conservative, possibly in 2 years.
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Invest 1 month salary. You will have to work 1 month longer or you can retire years earlier.
It amazes me that more guys are willing to invest "at least 2 months salary" on an engagement ring (as the public advice goes), but not even think about doing the same with bitcoin. Especially when the divorce rate is heading north of 60%, lol. And tens of thousands more spent on student loans, for college degrees that will never earn back their ROI. You'll spend tens of thousands of lost dollars on your kids before they even reach their 18th birthday. Even more if you get a divorce and your ex has you paying more way child support than you can adequately support, and left you wondering just exactly where all that money is going. You'll buy a new car, just to see its value drop by thousands of $$ just by driving it off the lot. The disillusion of priorities. And people wonder why they're not wealthy. Go figure. |
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IŽve invested 70% of my savings. IŽll sink with the ship, I donŽt care. Without taking risks you never will have success.
Honestly, this. The bitcoin winners will be in this circle, while the rest of the "diversified investment crowd" will make some money but will be going "Damn, if only I had invested 5X more at the time....shit". Remember, bitcoin gets 3x-5x orders of magnitude more expensive with each run up. So get it while it's cheap NOW. |
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Every day, for weeks on end, all I see is bots trading back and forth. When are we gonna get some real buyers again?
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Work with me, Dump3er! We'll try to get there together...
You mean I should help you to establish your ShroomsKit scheme and see normal market behaviours as fanciful conspiracies of whale bear manipulators? Goat was an annoying troll before establishing himself as a whale. bitcointalk works like that. I'm hoping that with the amount of bitcoin I own, I will become a whale in say 3+ years. That will be fun, I'll start trading thousands of bits and trolling. |
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I'm buying as much as I can (10$...)  Before you know it, that $10 purchase will be worth $100. With BTCitcoin, every satoshi counts. I believe we will go into the winter before a rally starts, whenever it does it will be worth the wait. I wish the general public would understand this. Unfortunately, I don't think they do. They think they have to buy a whole bitcoin, or nothing at all. Like buying a stock share. We need more bitcoin edumication. |
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TL;DR: Bitcoin is not goods. It has neither intrinsic value nor is it subject to the classic supply/demand interpretations.
I would argue that the average user who is interested in buying bitcoin solely to spend, has absolutely no idea what the exchange rate of a bitcoin should be. Really? I haven't met anyone like that since SilkRoad got shuttered. Most places accepting Bitcoin set their prices in dollars, so the folks you're talking about should care about the exchange rate But that's not my point. My point is Bitcoin exchange rate is determined by traders, which [to me] is obvious. Those weird ones who don't care about the exchange rate, other than being ..."unusual," have little to do with exchange rate. I think you may have missed my meaning there. The key phase is "should be". I didn't say they didn't care what the exchange rate was, I said that they essentially have no way of knowing if the current exchange rate is even correct or a fair price. It's because bitcoin is so new, lacks anything to back it, and doesn't have a multi-hundred year assessment period like say, gold or silver. Most of the general public think that bitcoin is vastly overvalued, and could fall back to double or even single digits literally any day now. In fact, they don't see why it wouldn't. You're right that speculation primarily keeps the price afloat. It's the occasional ramp ups (er bubbles, whatever) during this growth period that give the public a clue that maybe they are wrong about bitcoin being vastly overvalued. |
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