Major difference is that bitcoin has no fundamentals like gold. It trades purely on speculation. You can argue that it is worth $1 or $10,000 and still get away with it. Stocks on the other hand are limited to a range supported by their earnings and other financial metrics.
What do you mean by fundamentals in this case? Bitcoin supply is known and the emission rate is also known so there are fundamentals in Bitcoin that are a constant. Bitcoin does not have fundamental metrics like stocks. Even with the supply limitations, bitcoins which have been bought for much cheaper can always be panic sold driving the price down far beyond the latest production costs. Or vice versa to the upside there are no fundamental limitations. Hence, why bitcoin is not anything like stocks but behaves more like a digital imitation of gold. |
|
|
|
|
Major difference is that bitcoin has no fundamentals like gold. It trades purely on speculation. You can argue that it is worth $1 or $10,000 and still get away with it. Stocks on the other hand are limited to a range supported by their earnings and other financial metrics.
|
|
|
|
|
NXT has a corny name, it will never catch on. It's trying too hard to be the next best thing.
|
|
|
|
Going to suggest a year supply of non-perishable food and water as well as tools to hunt and cook wild animals/fish if you don't live in the city.
Do you seriously think you will need that? Do you live in Zimbabwe or something? Technology is far too advanced for Western countries to fall back to primitive societies. Any financial collapse will only be brief (2-3 years at most) and not much will change. |
|
|
|
I second this new feature request. And while I'm here I will point out that with this massive increase in volume of swaps currently lent out the daily fees collected by bitfinex also has spiked. 31 million at 0.16% is around 50,000 per day. Maybe we could move fees back to 10%. This would also help to keep a competitive edge on the new Chinese players in the swap market.
Who wants lower fees?
BFX and CNY exchanges are not true competitors. A lot of Western traders do not trust bitcoin exchanges in PBOC jurisdiction and their volume figures also do not seem trustworthy. They probably can get away with charging more while not losing out to CNY exchanges. |
|
|
|
|
I would look for the weakest stocks to short to the floor. Crap like herbalife for instance.
Bear markets are just as profitable as bull markets if you are on the right side of the trade.
Society will just carry on. I'm not too worried about that.
|
|
|
|
|
Sellers can show up in droves on exchanges within an hour if there is some good fud. However, fiat buying pressure takes some time and is more predictable using TA.
|
|
|
|
|
NSA agent with access to the bank balances of all the major exchanges.
|
|
|
|
the problem is BTC is actually present only in the US (maybe China as well to some extent). But other than that, BTC is not really popular in majority of the countries!
Per capita it is a lot more popular in Northern European countries (Sweden, Netherlands etc.) and Israel than China or the US. |
|
|
|
Some did well cashing out before peaking.
Look at the volumes, most were panic dumping at the lows of the tech sell off. |
|
|
|
I would think if there is Recession, bitcoin price would go up since USD down?
In severe recessions like in 2008-2009 most commodities and stocks went down while USD went up. But shortly after in 2010-2011 when it finished people became frightened of the USD again and started panic buying assets. This will likely happen to bitcoin as well, it will go down initially along with the general market, but will go up faster when things settle down. |
|
|
|
This doom and gloom crap has been said since 2009. There's nothing to be worried about so long the S&P 500 is above its long term moving averages. Buy the dip and enjoy the fed ponzi scheme while you still can.
Do you realize what happens at the end of a Ponzi Scheme, every single time? There will be epic shorting opportunities like Lehman. I would welcome that kind of volatility. But it's highly unlikely that kind of 2008 craziness will happen this year. |
|
|
|
Euro is very cheap now. I expect Euro to rise in value when their economy improve in a few years.
It's not cheap at all, but at an average price for the past couple of years. ECB will soon start doing QE, while the fed will end it. EUR-USD pair will probably fall to 1.25 soon. |
|
|
|
This is crazy. What is the justification for forcing someone to forfeit coins after 5 years? And how the absolute fuck do they intend to enforce that? After 5 years you can easily claim you forgot your private key, or rotate your coins to a new address, or anything of that nature. And now you can officially be a criminal for posting a combination of characters onto the internet. Wonderful  It's regarding exchange/third party accounts, not cold storage private coins. Reasoning behind it could be because people die and whatnot. |
|
|
|
It's far cheaper to run their current model, but at the same time they might lose a lot of customers to regulated US exchanges if they come to fruition. Interesting to see how things will develop. |
|
|
|
|
This doom and gloom crap has been said since 2009. There's nothing to be worried about so long the S&P 500 is above its long term moving averages. Buy the dip and enjoy the fed ponzi scheme while you still can.
|
|
|
|
Why bother? It's not like BTC is even that useful in retail. Let it first prove itself by conquering the international remittances market and e-commerce.
Why is it not useful in retail? I love the idea of not having to depend on a credit card company to buy simple, cheap items. If I can just scan a QR code and pay directly that sounds so much easier and convenient. Volatility and it's kind of awkward having to pull out QR codes. Also, in many places there are barely any cost savings as a lot of people do not even use credit cards but cheap chip and pin systems. |
|
|
|
|
Why bother? It's not like BTC is even that useful in retail. Let it first prove itself by conquering the international remittances market and e-commerce.
|
|
|
|
Truth is, bitcoin could not care less about lines, rectangles, circles and numbers that we draw on it's price graph; unlike stock market, it does not have a board of directors to explain weak performance to - it just exists, while we silly humans try to make sense or profit out of it.
There are loads of bots operating in the bitcoin market who copy strategies from the general stock market. Hence, why there is an overlap in TA of stocks and bitcoin. |
|
|
|
|
Out of the major ones probably USD if I had to pick.
There's a lot of bullshit going on that the USD is going to die, but I bet it will gain against most other fiat currencies in the next 5 years especially if something similar to 2008 happens again.
Also, a bonus is that there are lot more trading vehicles denominated in USD. It's far more useful than most other fiat currencies.
|
|
|
|
|
Show Posts
