oh they take 10% from the lender and borrower or just lender?
Borrower pays the annualized percentage of interest that is displayed. From that interest payment, they take 10% as fee, so just the lender. |
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the fact that max has mentioned quark coin has pretty much convinced me that he's in the game for the sole purpose pumping and dumping. i'll watch his videos, but fuck him.. i don't think he's some sort of angel.
true, I noticed he follows a pumper on twitter.. https://twitter.com/fontaseKeiser is a pumper allright, no surprise there. Are you talking about max keiser? what is this twitter? are they manipulating the market? yes, Max Keiser, I don't follow his twitter. I doubt Keiser is big enough to sufficiently manipulate "the" bitcoin market in a huge way, but I nevertheless think he buys before he start going in full-on hype mode, and then sells. And he probably has enough followers that it might make somewhat of a difference, especially in the smaller altcoin markets. |
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I got a question: How is the intrest calculated exactely? If i got a 10000$ loan going for 1 Day, Lets say it got accepted at 00:00 and is running at the time of Intrest paying. The Interest rate is 100%. My calculations would be: {10000* [(1+1)^(1/365)-1]}* 0.9 = 17.1$ But the interest is either way higher or lower... I couldn't figure it out until now  Please help me! I believe it is: (10000*100*0.9)/36500 = 24.65$ my estimates are generally pretty correct using this formula. If it's way lower, might be that your loan got cancelled, and then renewed after a while. how did you get this formula? I usually do 100/365= ~.27 , then move back 2 dec places = .0027 * 10000 = $27 per day Bitfinex takes 10% of the generated interest as their fee, thats why you multiply by 0.9 . |
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Mooi initiatief!
Het zou echt handig zijn indien deze vereniging de huidige legale status van bitcoin in belgie kan uitklaren.
+1, al wat reactie gekregen van de regering? En hoe vlot het vormen van de belgische tak van de bitcoin foundation? |
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the fact that max has mentioned quark coin has pretty much convinced me that he's in the game for the sole purpose pumping and dumping. i'll watch his videos, but fuck him.. i don't think he's some sort of angel.
true, I noticed he follows a pumper on twitter.. https://twitter.com/fontaseKeiser is a pumper allright, no surprise there. |
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It wasn't just his knack to make good calls, you also have to have a particular kind of personality-the risk seeking one. You could have seen the cryptocoin thing coming, but are you going to cash out all your PM investments, which was going so well, to get all in into it, even if the chance of cryptos get to 0 is only 20%? For me the answer was definitely a "No", and I doubt many would have said the same. People like me would only invest what they could afford to lose without kicking themselves, so we should be reasonable about our investment expectations, (though more than 10000% return is not reasonable anywhere out of the crypto circle  ) Yeah, you have to be confident AND right. Most people are either either much more conservative, or very impulsive people that throw money at things they hardly understand. |
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Hmm, looks like we're having a shameless Goatfest in here?  Meh, I would rather admire Cypher and Goat for their calls than figure out what's new in Justin Bieber's life  . They might actually have some useful insight into the world to offer. |
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Loving the feedback, . Keep 'em coming, we are going to be rich . |
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The pumping is strong these days. When the next bubble starts, I 'll just buy every alt in town  , heck, I'll even create a few of my own . Brainstorming for names here: Pumpcoin (PMPC), CloneCoin (CC), SuckerCoin (SKRC) ... any other ideas? |
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I got a question: How is the intrest calculated exactely? If i got a 10000$ loan going for 1 Day, Lets say it got accepted at 00:00 and is running at the time of Intrest paying. The Interest rate is 100%. My calculations would be: {10000* [(1+1)^(1/365)-1]}* 0.9 = 17.1$ But the interest is either way higher or lower... I couldn't figure it out until now Please help me! I believe it is: (10000*100*0.9)/36500 = 24.65$ my estimates are generally pretty correct using this formula. If it's way lower, might be that your loan got cancelled, and then renewed after a while. |
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I am surprised there is so little action in this thread. Usually when there is a lot of volatility, I have to try clicking "post" multiple times in a row, because there is such a high number of replies.
I think because so few posts these days have any real value to them. Most of this thread is filled with just noise these days, very little debate or even discussion. Was that ever different? |
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Let's be clear. Bitcoin isn't a currency or a store of value, it's just the crack cocaine of speculation.
Oh look, it's this guy...  Have you figured out how percentages work yet? |
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I am surprised there is so little action in this thread. Usually when there is a lot of volatility, I have to try clicking "post" multiple times in a row, because there is such a high number of replies.
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Shite this goes fast. Look at chart, ponder buying, put in buy order without finalizing, look at chart again to double check. Price is already $100 higher  . |
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All the downsides associated with electronic money combined with the counterparty risk of traditional banking in a single package. Truly a visionary product. |
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what would you be able to trade bitcoins for if the dollar/euro crashed first?
or if it gets stronger by that time, would it replace them?
or if its not ready for the colective conciusness would it crash as well?
or what would you be able to trade it for?
btw cant see no big wall, its only day trading, bots and traps atm it seems, looks like it will continue steadly rising .
I'm going to step away from the uber-bullishness for a minute to say that the dollar/euro aren't going to be immediately swept away by Bitcoin. That simply won't happen. It's not to say that Bitcoin can't rapidly achieve a trillion-dollar-plus market cap - I believe it can - just that the role of inflationary currencies will continue to be a large and important one for the foreseeable future. Beyond the fact that tax obligations have to be paid in state-issued fiat, banking will be difficult in Bitcoin, and financial markets will certainly not be switching anytime soon - most "wealth" is in equities or derivatives, priced in dollars. Then there's the fact that oil can only be purchased with dollars. Gold, silver, and fiat have been coexisting for many years now, and I do not expect Bitcoin will upset that balance. We're looking at a timescale of decades before we can expect fiat to go away. Frankly, I much prefer it that way. A functional alternative to fiat is actually better than a giant upheaval. Some people still get the paper in their driveway every morning. And sometimes even I enjoy the experience. I guess i agree with you, you make valid points, and true i prefer it that way as well, i was just thinking it becuase as i see it works kind of like this way the backd up Gold/Silver --->>> Currencies --->>> Bitcoin value?, *correct me if im wrong while the direct backup for bitcoin is the hash number of each? or am i just tripping There is no "backing". There is only utility. |
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Voorhees put it nicely in a recent interview: "backing" is a liability that requires trust. You don't want that.
Color me unimpressed.
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Nice compilation (and one of my favorite songs).
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If you are a huuuge holder of gold, you should be afraid of Gold 2.0, and you would not want bitcoin to succeed. The price behavior around the psychologically important level of the ounce price of gold is starting to look increasingly suspicious. See the H4 view here: http://bitcoinwisdom.com/markets/mtgox/btcusdIt is instant sales that are halting the upward trend. Who is trying to block Bitcoin? Which gold holders are making this futile effort? Questions, questions. Assuming they'll fail, they will have to reverse their short position at some point. They are just building up for a great price rise the minute we pass gold and they give up! Who agrees? Ancient aliens. |
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easily debunked
"Nobody is going to be getting rid of an asset that has moved from $2 to $1,000 in one year in order to buy pizzas"
I have, so I know you lie. Next !
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