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1021
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 22, 2014, 01:41:18 PM
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Just to be clear, I'm not saying it won't drop from here, which in itself is probably a bullish indicator.  A bullrun on fiat? yyAy!  I closed my short on the way up from 350 to 360 in a hoped to reopen it above 370 but I am starting to "panic". I just trust the market to move against me whatever I choose to do.  Prudent advice. Always consider the worst case scenario. |
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1024
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 22, 2014, 02:51:30 AM
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... Yeah, fonsie, if it once was a good store of value, it's a good store of value now. Because things never change and always stay the same   Are you really that stupid? Because it is at this very moment more in dollar value than it was in 2009, it is indeed a good store of value NOW, it however doesn't guarantee it will be tomorrow. We'll have to wait 24 hours to know that. Yeah, a long time ago it was a store of value, but for the past year has been a huge bag of dicks. Such a simple notion, why do you find it so difficult to understand? Sorry lambsy, gotta call you on this one. The US dollar has been losing value consistently since the inception of the federal reserve. Bitcoin is just taking a bit of a breather after an overheated speculation bubble. The overall trend remains. That's what discourages hoarding and encourages investing. Who but in idiot would invest in a business that earns 10% a year, when one could get more by simply keeping his money in a mattress? (The Bitcoiner's Dream) Fiat is not intended to be a good store of value.
Regardless of Bitcoin's claim to be a good store of value, over the last year Bitcoin has really been losing it--even when measured in USD! And since we both agree that fiat is utter shit store of value, how shit does that make Bitcoin?
And bitcoin is designed to gain or retain value over time. Nice try, but I know you're only pretending. |
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1025
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 22, 2014, 02:25:18 AM
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... Yeah, fonsie, if it once was a good store of value, it's a good store of value now. Because things never change and always stay the same Are you really that stupid? Because it is at this very moment more in dollar value than it was in 2009, it is indeed a good store of value NOW, it however doesn't guarantee it will be tomorrow. We'll have to wait 24 hours to know that. Yeah, a long time ago it was a store of value, but for the past year has been a huge bag of dicks. Such a simple notion, why do you find it so difficult to understand? Sorry lambsy, gotta call you on this one. The US dollar has been losing value consistently since the inception of the federal reserve. Bitcoin is just taking a bit of a breather after an overheated speculation bubble. The overall trend remains. |
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1029
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 21, 2014, 12:29:18 AM
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I'd like some feedback from the Eurolanders out there, if possible I just got this in my email: This weekend, Swiss voters will be asked whether they want 20% of their currency, the Swiss franc, backed by physical gold.
The people I talk to here in Zürich are, at best, hopeful that the answer is no. They know that such a plan will cause a world of hurt to the Swiss economy and will hamstring the Swiss central bank and its efforts at managing the franc. They all say confidently that the majority of Swiss voters understand this and will veto the plan.
But you can clearly hear in their tone that worry tints their words. The polls are close. And they know that the Swiss feel their economy is too often manipulated by what happens with the euro and the dollar — and the Swiss are people with a deep independence streak.
Thus, there’s a better-than-good chance that Swiss voters shock the monetary world this weekend with a vote that signals the beginning of the end for modern fiat currencies. That will ripple through our world here in the States. But there are ways to prepare … Anyone who knows any thing about Switzerland think this it's even a remote possibility? |
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1037
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 16, 2014, 05:00:43 PM
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Huobi's explanation of what happened: http://www.reddit.com/r/Bitcoin/comments/2mdtxl/huobi_takes_1271000_usd_from_users_profits_during/cm3qanwDue to the very large, rapid price movements on 11/13 and 11/14 and many users trading with 20x leverage, many forced liquidations were unable to be executed at the target price, thus resulting in a situation where cumulative users' losses exceeded cumulative users' profits by 46.1% for the weekly bitcoin futures contract. As stated in the BitVC Futures rules ( https://www.bitvc.com/help/detail?id=81), the systemic losses were allocated to the profitable users proportionally. We understand that this level of loss allocation is unacceptable and so we are crediting the full amount of losses allocated to users' future trading fees. [...] So, if I lose I lose, and if I win, I only win half? But don't worry, 'cuz to reimburse you we'll let you lose more money on our site for free! I like how the transparency of bitcoin tends to expose how corrupt all these non-transparent systems really are. |
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1039
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 16, 2014, 06:26:48 AM
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Will my order at 367 get filled?
Nope Seems like you're right. And now the weekend is coming to an end.  And yet 370 was so close. I've missed many times on this kind of shit, by only a couple dollars, and what I've realized is, at some point, you need to just take a position and quit quibbling over the nickels by the tracks while the train is gaining speed. Again, I can't advise and I only wish you luck. |
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