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The AUR pump was legendary, imagine the amount of money one could have made buying when it came out, it reached like 0.12, jesus christ. I wonder of any of those so called "Pump gurus" would have seen that coming. Those scammers make me mad (im talking about the "pump gurus" that ask for BTC to get inside their circles, but then again there is an even more inner circle where only a few get the profits).
As for the coin itself, it was a good idea, but I don't see how one could be able to make the coin work again, it has too much fame of being a pump and dump without anything else that makes it stand out enough. It was a good idea, but always have to consider people is dumb, and if you give them free money they'll dump it in exchange of fiat seconds later, creating a mass dump.
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After 2008, added money supply just flew out and pumped up the commodity and oil price around the world, and to china, to raise the housing price in china.
One has to be careful with money supply and QE. The money supply that counts is M2 money. What QE is about, is M0 money. However, with compulsory credit contraction due to Basel III, the huge increase in M0 doesn't translate in a huge increase in M2 in fact. What happened was that the ratio M2 / M0 has seriously been pulled down, and that, at the same time, M0 has significantly increased (QE). http://www.data360.org/dsg.aspx?Data_Set_Group_Id=2052As you can see, the "normal" inflationary increase of M2 has not really jumped up in 2008. In fact, there was even a slight stagnation at that time. http://www.tradingeconomics.com/united-states/money-supply-m0The M0 supply is much more jumpy as one can see, and one clearly sees the steps due to the QE. But it has not much influence on the real M2 supply. M2 is like your bitcoins in an exchange, it only exists in database, not spendable. It is M0 that drives economy activity, M2 is only a record of those activity as a result of M0's flow. It appears that M0 flows much slower, so you get a lower M2, but that is because M0 was not in circulation at all, they went to somewhere else If M0 were really used to drive large modernization projects and employee people, the people's income will increase immediately. However those money went to buy oil and bond. A clear evidence is that after QE stopped, oil prices immediately crashed, and the drop in price is quite consistent with the amount of reduced liquidity each day (2.8 billion dollars per day from QE gives each barrell of new produced oil per day a price premium of $50) I don't see the analogy there. Bitcoins at an exchange are very real, it just means you cannot spend them, because they technically don't own them, the exchange owners own them, and they could very well spend them if they wanted to fuck you over pulling a Karpeles. |
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You don't need blockchain to monetize the assets, you just print new money and send to employees as salary to spend, and tell every merchant this is legal tender, backed by government assets, so that they will accept it. Of course they need to setup a settlement network in second currency, but that's a simple change in domestic banking network
As a result, all the euros in the country are collected and returned to debtors and the new currency circulate inside greece, this is essntially an exit of EMU
From ECB point of view, as soon as Greece start to make their own money, the total money supply in Eurozone can not be controlled by them anymore, so Greece must exit EMU
Greeks don't WANT to leave the Euro. They realize it has been a disaster and STILL want to stay. Its like Illinois and California electing the same goons over and over who have driven their states to pauper status. We imply the populace is itching to tear down the Brussels's headquarters but the opposite is true - the vast majority of Europeans want to remain in the EU. Yes, it makes no sense but the idea of the old national currencies (I loved using liras, francs, marcs, pesetas, drachmas) is fading quickly. Thats exactly right. The euro continues to exist because all the parties want it to exist. The welfare states of the South get free money by just "promising" to get better. The export states of the North get free money that leads to a weaker Euro compared to their old sovereign currencies, so their exports are more profitable. It all hinges on FREE PRINTED MONEY. |
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...
Based on what I am hearing from Argentina (two of my three localbitcoin suppliers visit Argentina regulalrly) and the fact that of the FOUR Peruvian tech people I have talked to here in Peru (on visit), I would have to conclude:
That a financially repressive country like Argentina with an active IT community needing financial freedom to move funds around is an ideal place for BTC to make quick advances.
Argentina is worth keeping an eye on. I wonder how China and Russia are now re Bitcoin... CHINA now mines over 50% of it! Russia is cracking down.
Peru imposes very few capital controls (similar to the current USA policies actually). NOT ONE of the four Peruvian IT guys even knew what I was talking about.
China has BTC "regulated", yet they have some of the biggest if not the biggest mining operations on the planet taking entire buildings with noisy ass fans all over the place. I always wondered how is this even possible. |
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Bitcoin is supposedly a better money than gold when you evaluate it according to all the characteristics that make for good money, it's divisible, fungible, durable, portable, identifiable, and scarce.
How many people actually use BTC as money on a regular basis here? Most people seem to treat it like an asset, hoarding and holding hoping for the moon. I just recently put 0.5 on my cellphone mycellium app wallet, that was a big deal for me to commit to having a hot cellphone wallet. There's only one restaurant I can find here in San Diego that accepts bitcoin so I haven't had a chance to use it. I'm waiting for that day I'm at one of my regular places and I see a BTC sign so I can whip out my phone and use it  I've never used BTC on a smartphone to buy yet. Im worried at a privacy level. Would you guys recommend running your coins throught a mixer before putting them on mycelium to do some buying? and like others have pointed before, can one get in trouble if the coins you got from a mixer were of a criminal precedence? that leaves me a bit worried, because who in hell knows where the coins you get after mixing your coins come from? and after you do a payment in real life, those coins can be traced back to your real life name. |
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Useful post, but take into account, some people just cannot be helped. They've been raised with short sighted values since day 1. They cannot see past their horizon, which is something that kills any investor. Those are the ones that already sold and are shitposting daily against BTC: They are scared that the price goes up after they sold. Well guess what, time will prove us right and time will prove you wrong, I hope the FUDsters are still there to accept defeat by then but they'll probably silently leave.
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This is how big players investigate and find true market sentiment.
You need to get good at poker, specifically online poker because that's all markets are: big ass games of online poker.
When you can't see your opponents faces (so no human psychological clues) and bids can be hidden and faked, the only way to truly find out the state of the market is to fire some bullets into it and see how other players respond.
We are 'staircasing' because big players are buying and selling thousands of coins to see what the market will actually do under those circumstances.
War, love, the stock market, and poker are all the same.
As a small time chump you are also playing the same 'game', but on a much smaller scale and on the back of the Giants that actually move the market.
You won't hear anyone talk about this openly though, because in this game, information is power.
Indeed, we are all victims (or allies) of the big players. It's clear BTC will never die, we have billonaires up in this boat, they are testing out the waters and seeing how low they can keep it while they stack up on cheap BTC. You are either taking advantage of this and celebrating it like rain on a desert or you are complaining because you bought and you are losing money (short sighted). |
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No, no one should control "the flow of crypto", thats what we are trying to solve with a transparent ledger (with options to be anonimized), open source project like Bitcoin. There will be no better alternative than Bitcoin, it will keep getting increasingly better, assimilating any competence. The goverment will remove cash and digitize everything, which as a consequence will put BTC out there even more. People will wake the fuck up.
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I just want to remember for Dollar and Euro collapse predictions for 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014 and now 2015. I am pretty sure the US-Dollar will survive some more decades. The Euro however will likely be buried till the end of this decade.
Most definitely. If you are under 40 and in relatively good health you will live to see the Euro go to zero. The Dollar index if you don't know is geometrically weighted to a basket of world currencies of which the euro makes up approximately 35%. In simple terms the /DX is going to 500. |
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The problem with taxing the rich, even if it makes sense to do so because like you said someone that has tons of millions is not going to notice a couple millions going into taxes, is that all those fortunes could leave the country you are taxing at. It's such an injustice, but fortunes rule everyone, both us and governments.
And then after they left their companies will be nationalized, and that country will turn into a communist hellhole... Thats why we need a global rich tax, which is a bit delusional, but actually the only solution, otherwise trying to tax the rich cunts of any country will be useless since the rich always have endless fiscal paradises out there for them to store their money at low taxes. |
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I took some of the savings and invested in more solar panels and lithium batteries for my scooters which get 600 mpg equivalent, and will pay for themselves years to come.
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Block Size mentioned and almost hinted at during this talk...
he already forked it to the 20 mb limit according to some sources. Guess it's time for the community to push back and not run his new code. Why would you do that? Are we really going to go throught this? How would anyone benefit from staying at 1MB block? whats the point beside being stubborn cunt about it? let's just move on, 20MB is objectively better than 1 for god's sake. |
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Isnt itBit the first company in the US to actually have an official lincense to exchange bitcoin? Yes. Now read their terms. * Price information is delayed, unless you pay them to be a "market maker" * It takes 3 to 30 days to get cash out. * You can't sue them. Disagreements have to be arbitrated in Singapore. * Bitcoins on deposit are not insured. Only cash. They tell you up front how they're going to screw you. That's regulatory compliance. How does this exchange compare to the up and coming gemini exchange by the Winklevoss brothers? im waiting fr a perfect exchange to appear to do some day trading, as I can trust any of the current ones to leave both fiat and BTC on there to play with. |
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Great job with the FUD OP, continue spreading it with all of your alt accounts, I need this low price to stay low as long possible for at least 5 years to collect 100 BTC from dumb weak hands.
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Basically all exchanges are running bots these days, it's really obvious in Poloniex. I was on the MAID market trying to pick up some cheap MAID and as soon as you put an order, there are orders put on top of your buy order, you can try for yourself.
Im sure BTC-E is investing in bots to keep their price as the leading BTC price since it has a strong psychological factor "oh must as well deposit here, they go the highest price".
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Poll result is making me both happy and sad happy that more people believe that BTC will rally in this month ;)and sad because top one is sept 2016, thats a big time to wait  i will stick with may 2015.  No rally this month dude. Its gonna take time Like I explained earlier. Just wait it out and you'll be ok. Most people will not wait it out. They aren't programmed to think long term. They want constant quick satisfaction. Most people reading this right now, will not become millionaires off BTC because we are going to go through really long times of low price generating mass desperation, the ones that make it through the storm will be the 1%. |
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Im also a pesimistic, and psychologically ready to hold during a double figure storm. Im just hoping for a year or more of a low, affordable BTC, otherwise it's impossible to collect any amount that could serve as a retirement fund.
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There are no reasons to abandon Bitcoin. Ask yourself, are all those invested billonaires going to fuck up their reputation royalty by jumping off board?
Is Bitcoin ever going to die while we have those whales in?
Nope and nope, BTC is safer than the Euro right now, if it sounds crazy do your research.
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Long USD, but not because of MSM. If one believes in deflation, then one believes in the eventual scarcity of USD notes. Eventually, gold will win the day, but not until the dollar cleans up first. We'll see...
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The problem with taxing the rich, even if it makes sense to do so because like you said someone that has tons of millions is not going to notice a couple millions going into taxes, is that all those fortunes could leave the country you are taxing at. It's such an injustice, but fortunes rule everyone, both us and governments.
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