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Author Topic: bitcoin is done.  (Read 4824 times)
Wuji
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April 16, 2013, 01:50:47 PM
 #41

I think it's gonna make it, after all.  New and professionally run exchanges are in the works as we speak.  MtGox is doing a lot of work, and will be better than ever in a few weeks.  In a few months we could be approaching highs again.

Just as you turned bear too early in the bull run, you turn bull when we just started the bear decline. You always have to play against the market don't you? Smiley

By high and sell low, and another quote comes to my mind, "A fool and his money are soon parted.".
BubbleBoy
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April 16, 2013, 02:26:42 PM
 #42

@Ashley, let's agree to disagree on the "neo-keyensian myth" part, you are obvious not a macroeconomist so pardon my inclination to listen to people who actually have a clue. Like Milton Friedman, a strong free market advocate and by no means a keynesian who would be the first to point out the foolishness of the Bitcoin macro design.

As for the "how are people supposed to save using inflationary money" open challenge, the answer is easy. Acquire and hold cash for the short term, a few months at most, then invest them in any way you like: a bank deposit, stock, a retirement fund, land, your teeth, canned beans, ponzi schemes etc. The inflation tax you are subjected to during the hold period, less than 1%, is negligible compared to other taxes - assuming you pay taxes.

There is simply no such thing as 100% safe and stable way to store wealth, and money should not be hijacked for this purpose. What if by the time you retire the fertility drops to such an extend that there aren't enough young people to service all the old people for their hard earned cash ? Well, old people should get their ass back to work then, and realize a careless retirement is not a right. And price inflation is the best mechanism for that. Something you done in the past has a lower value for me today and I refuse to inherit the society's debt towards you.

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DoomDumas
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April 16, 2013, 02:33:03 PM
 #43

I think it's gonna make it, after all.  New and professionally run exchanges are in the works as we speak.  MtGox is doing a lot of work, and will be better than ever in a few weeks.  In a few months we could be approaching highs again.

OMG, is this proudhon turning bull ?   Watch out for imminent drop in exchanges..
Manticore
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April 16, 2013, 02:34:47 PM
 #44

I think it's gonna make it, after all.  New and professionally run exchanges are in the works as we speak.  MtGox is doing a lot of work, and will be better than ever in a few weeks.  In a few months we could be approaching highs again.

Who are you? This is not Proudhon.

Yes, new exchanges are coming.....but I would not make the assumption that we will approach highs again in a few months.

If I've overlooked something, let me know.
DoomDumas
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April 16, 2013, 02:41:21 PM
 #45

I see no problem at all !  Bitcoin is fine, block are still mined, uses and users growing !  I'm all fine with this volatilty, concidering it normal for a young project like Bitcoin is.. Let it mature, it will take few more years..
I've sold on the way up, then buying on the way down.. I dont care at wich price the trend will reverse from down to up, as I'm now buying until reversal..  Can reverse now, can go to single digit, no problem... It should hit 10x all time high in the next bubble..

By the way, a bet is open for 500$ before January !  I've bet positive on this one.. Place your Bitcoin where your mouth is : http://betsofbitco.in/item?id=1515
XXthetimeisnowXX
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April 16, 2013, 02:43:19 PM
 #46

You are right. I tried to log in to the blockchain and the site is down.

It was good while it lasted folks.

I am buying all paper money because I no longer trust digital currency.

Is this a joke, or are you serious?

oh no we are compleatly sirious! it not just done its outlawed. they say you have to have a piece of paper not backed by gold or anything with there special seal of aproval to buy things. any sort of numbers for traid is no more, also just to be clear and your get the picture and in the know in two years and four days we have to go back to horses bigs sheeps and cows. so you want a bag a suger and two yards of twine? well that will cost two chickens or a hind of a sheep.

dont worry the gov will have a sheet mailed out to everyone describing what is worth what on what animal....and then rite after that they will shut the Post office down cuz its a horrible idea that everyone pays a little and everyone gets a lot. and way to socalistic.

P.S. roads that you drive on and we all pay for so all can enjoy, well from now on (in one year) there will be toll roades at evey single place everywhere. every neiborhood, every high way every light you go threw you will have to pay a toll of 5.50. right hand turn to go to seven 11 its gunna cost you 8.25. WHY!?!?  you ask becouse its to socialit to have a road that we all pay for and everyone can use when the want. its socialist and socialits societys are the devil...... though its working in canada for some reason???
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April 16, 2013, 03:00:51 PM
 #47


By high and sell low, and another quote comes to my mind, "A fool and his money are soon parted.".

Yes, I agree with your quote. Don't know if that's your money I now own or someone else's though Smiley

i am satoshi
Wuji
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April 16, 2013, 03:09:07 PM
 #48


By high and sell low, and another quote comes to my mind, "A fool and his money are soon parted.".

Yes, I agree with your quote. Don't know if that's your money I now own or someone else's though Smiley

I am up over 1600% on BTC since 2011 so we own some other fools money.  Grin
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