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wow, looks like I missed some excitement.
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An interesting thought struck me earlier - now that the majority of my personal wealth lies with bitcoin, what would be the best and most secure way of leaving them in a will?!? If I were to get run over by a truck tomorrow, my coins would probably be lost. None of my family or friends would have any idea what to do with paper wallets either  You should write a treasure map with shady and mysterious instructions of how to get access to your bitcoin. That would be awesome  +1 |
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As a few smart people have wisely pointed out, people are not buying Bitcoins to spend them. I mean, how stupid do you have to be to believe that. Let's look at it:
Mary wants to buy a new TV.
<snip>
Mary has some savings. She can put them on the bank, and earn less than inflation, or she can put them in bitcoin, losing 1% one-time. After a few years, Mary decides she wants to buy a TV. In a freak occurrence, in contrasts to all previous years, bitcoin didn't return massive gains, but gained only a few percent to compensate for inflation. Mary happily buys the TV with her bitcoin. She then decides to receive her future paychecks in bitcoin, negating the conversion fees. |
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$530 gox |
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What time is the hearing tomorrow?
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Thesis:
The future price of bitcoin is proportional to the number of jokes made on the most active Wall Observer thread.
Thesis: market exuberance is positively correlated with the number of gifs and jpegs on this thread. Sexually loaded pictures count double. Conclusion: we still have a ways to go in this bubble. |
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infinity.
+1, fiat will continue to inflate, bitcoin won't. |
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This is what you get when you can't withdraw  Pregnant? lol |
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Amazing how a thread can have so many post
Great work!
Yeh I was wondering, if this the longest thread in this forums history? Then that got me thinking, on what is the the longest thread in any forum ever lol. I wonder. Anyone know? And this is actually the continuation of the previous "mtgox wall observer" thread, which was also ridiculously long. |
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Everyone has a price. Everyone. Mine is US$10k. If bitcoins hit US$10k each I'll sell all of mine to all comers. Until then I'll hoard and not spend a satoshi.
This is why bitcoin is a commodity, not a currency. As a currency btc could be great, as a commodity I am not so sure. explain yourself please |
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Will someone explain to me the ChartBuddy? Search function isn't helping me. kay got it, shame on me for expecting to get it spoon-fed.  English? Still nobody told me about the ChartBuddy. The green lines show the bids (how many bitcoins people are willling to buy at what price, cumulative starting from highest price), the red lines show the asks (how many bitcoins people are willing to sell at what price). The difference between Chartbuddy and the other "wall" pictures is that chartbuddy shows the difference over time (hence the 3D image). The bitcoin price is the place where bids and asks meet, so the "valley". |
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Expect to see some pretty off-the-wall pet projects in the future...
That's what I would do if I had plenty of money... |
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nice one EDIT: I adapted it a bit.  |
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We've just reach 350€ at Bitstamp. Fucking awesome...
does stamp trade in euros? |
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You are familiar with their position on WoW gold?
I am not, please elaborate. |
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I would keep your silver and invest some money on the side.
You can be sure your fiat money will inflate/devaluate.
Your silver is way safer than your fiat money if stored properly against theft.
His question wasn't silver or fiat. His question was silver or bitcoin. |
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$500!!!!
looks like the chinese were later after all...
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What will we see first: 500goxusd or 3000btccny? And what will fall first?
My bets are on the chinese.
I think so too. Ask wall after 3000 CNY is very low by the way, but hey, looking at walls is like reading tea leaves i guess. I thought you were short? Me? No way. The only big mistake I made was selling too much coins this summer hoping for 'final capitulation of bubble deflation' and more cheap coins. Thus, I would have appreciated a serious dip prior to this runup, but I still have enough coins to make this price appreciation a pleasant experience  . yeah man I was not feeling it this summer either ~but now looks like we have a monster breaking loose!!!  1000+ here we come! *imho!* I honestly didn't see us going into another price runup this fast. But when we were passing $200, I recognized my mistake and (partially) bought in again. Another case of "buy and hold is better than trading". |
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