billyjoeallen
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Activity: 1106
Merit: 1007
Hide your women
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February 05, 2015, 05:26:09 PM |
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Bitcoin is the Wild West, but if you look back to the actual Wild West you will see some parallels. Everyone knew that back then that all that land would become extremely valuable some day if only they had the will, brains, balls and luck to hold onto it long enough. There were all sorts of bad actors and the guy with the white hat didn't always win, but eventually they were all proven right.
Will Rogers once said "Buy land; they don't make it anymore." It's a humorous way of saying that with a continually growing population any commodity in finite supply will have to gain value. Supply and demand, Baby.
But ok, let's look at a much shorter time frame. There is this little country called Greece that I think is somewhere close to Cypress that is in the early stages of a massive country-wide bank run. Now we all know that when our banskter overlords start seeing a run for the exits, they generally try to discourage that behavior by instituting capital controls. So how do you think these poor Greek bastards are going to escape with some fraction of what's left of their wealth? Put it in frozen gyros? ceramic Parthenon figurines? or maybe the more enterprising among them might get some crypto and convince a few of their friends to do the same.
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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JimboToronto
Legendary
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Activity: 4004
Merit: 4473
You're never too old to think young.
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February 05, 2015, 05:30:04 PM |
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Good morning Bitcoinland.
Just got back from buying a couple more coins after the failed manipulation dump shortly after waking.
Missed the last dip because it was on a Sunday. This makes up for it.
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YourMother
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Activity: 1281
Merit: 1046
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February 05, 2015, 05:32:19 PM |
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^ Oh, another one that thinks that the population of Greece will adopt bitcoin. Haha!   Also...With the recent political crisis in Greece and the fear of the global financial system that a far left party will be the government for the next years the situation is more than tough about Greece financial future. Is this the real picture behind the financial situation in Greece? Does anyone know what real happen in Greece? And the last question is will Greece adopt bitcoin and get out from euro? Let me explain in simple words what is the real situation here. The real financial problem in Greece is the corrupt political parties "Nea Dimokratia" and "Pasok" that rule for more than half century the country and has ties with the more corrupt Greek financial elit. The financial elit in greece is the real government and is the only one that has no pay anything in the recent financial crisis. Instead they continue to increase their salary at the same time that people of greece get more poor. And the worst is that eurozone leaders dont care about this situation because they have done in the past business with that corrupt elit for many year. We have many cases like the Siemens Greek bribery scandal http://en.wikipedia.org/wiki/Siemens_Greek_bribery_scandal that until now none has go to jail. This is the real financial problem in Greece and if is not change we will not see a healthy financial situation and the people will continue to became more poor. For that reasons we have the power increase of the left party "Syriza" with a 40 years old leader, a new person in the political system of Greece. The real situation is that Syriza is not a far left party and will not get the country out of euro. And of course they will never adopt Bitcoin or anything else cryptocurrency. And the answer why not is simple. Greek people continue to live in a technological middle age. The most of the people don't understand even what is the internet and how to use it and the worst is that the young people don't even get the risk to create tech startups. The tech companies in greece is far fewer from any other europe country even from new Europe countries like Bulgaria, Romania,Poland or Letonia. And the owners of few tech companies that exist is in the hands of the corrupt financial elit. Expect from education the other negative reason for someone in greece to startup a tech company is the bureaucracy. One other reason that Greece even with Syriza left party will never adopt Bitcoin is that their financial advisor is Mr Varoufakis who has a very negative opinion about Bitcoin Bitcoin and the dangerous fantasy of ‘apolitical’ moneyhttp://yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-dangerous-fantasy-of-apolitical-money/In Conclusion that Greece will never adopt Bitcoin is:-Education -Corrupt system -Corrupt political parties -Corrupt Financial Elit -Bureaucracy -Bad financial advisors. I live in Greece i am a tech geek. I love bitcoin i am enthusiastic from that simple idea from Nakamoto that have the power to change the world |
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NotLambchop
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February 05, 2015, 05:32:52 PM |
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any commodity in finite supply will have to gain value. Supply and demand, Baby... How are you set for BTCeanies? Don't miss the boat, freedom fighter! |
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NotLambchop
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February 05, 2015, 05:38:21 PM |
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... There is this little country called Greece that I think is somewhere close to Cypress that is in the early stages of a massive country-wide bank run... Bank already ran away  KTHXBAI!  |
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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February 05, 2015, 05:38:51 PM |
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^
Oh, another one that thinks that the population of Greece will adopt bitcoin. Haha!
Actually I think the majority of Greeks will be pimping out their daughters for cans of Spam, but a few will make out like bandits just like the Rooskies who bought up all those formerly state-owned businesses when shares were trading for pennies and then later became oligarchs. Greece's new finmin is a socialist moron. I have zero hope the new Greek government will be anything but hostile to crypto. The beauty is it doesn't matter in the slightest. The laws of economics cannot be repealed by legislative fiat. |
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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February 05, 2015, 05:41:44 PM |
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any commodity in finite supply will have to gain value. Supply and demand, Baby... How are you set for BTCeanies? Don't miss the boat, freedom fighter! If I could stash a million beany babies on a jump drive or email them, then maybe I'd be stocking up. But I doubt it because you would have to trust the manufacturer to limit the supply instead of merely just reading the source code that DEFINES a beany baby as one of only 21 million. |
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aztecminer
Legendary
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Activity: 1092
Merit: 1000
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February 05, 2015, 05:43:42 PM |
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Bitcoin is the Wild West, but if you look back to the actual Wild West you will see some parallels. Everyone knew that back then that all that land would become extremely valuable some day if only they had the will, brains, balls and luck to hold onto it long enough. There were all sorts of bad actors and the guy with the white hat didn't always win, but eventually they were all proven right.
Will Rogers once said "Buy land; they don't make it anymore." It's a humorous way of saying that with a continually growing population any commodity in finite supply will have to gain value. Supply and demand, Baby.
But ok, let's look at a much shorter time frame. There is this little country called Greece that I think is somewhere close to Cypress that is in the early stages of a massive country-wide bank run. Now we all know that when our banskter overlords start seeing a run for the exits, they generally try to discourage that behavior by instituting capital controls. So how do you think these poor Greek bastards are going to escape with some fraction of what's left of their wealth? Put it in frozen gyros? ceramic Parthenon figurines? or maybe the more enterprising among them might get some crypto and convince a few of their friends to do the same.
only a few will go crypto. most will go pms because those are rising in other currencies. they did a smash down this morning... the pms keep rising with the dollar which is unusual. the new round of EU QE is a round of desperation. the abusively high taxes in the usa is because the usa govy is bankrupt so they have resorted to #theft and #corruption to fill their coffers just to pay the interest. that soon will not be enough . it is time for the us govy to admit that their 'trusting in god' for the federal reserve to print money experiment has been a complete failure. we are not even that far ahead of russia and china in technology after all these years of usd reserve currency and manipulation of the markets. the 'trust in god' federal reserve is a complete and total failure that is so embarrassing that they refuse to admit it. instead they will tax the hell out of us #corruption and #theft while maintaining an interest to infinity #debtslavery #serfdom in the usa. |
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podyx
Legendary
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Activity: 2338
Merit: 1035
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February 05, 2015, 05:45:33 PM |
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any commodity in finite supply will have to gain value. Supply and demand, Baby... How are you set for BTCeanies? Don't miss the boat, freedom fighter! Please dump harder... I've sold part of my stash at $218 and this is a disgrace! |
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NotLambchop
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February 05, 2015, 05:46:55 PM |
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any commodity in finite supply will have to gain value. Supply and demand, Baby... How are you set for BTCeanies? Don't miss the boat, freedom fighter! If I could stash a million beany babies on a jump drive or email them, then maybe I'd be stocking up. But I doubt it because you would have to trust the manufacturer to limit the supply instead of merely just reading the source code that DEFINES a beany baby as one of only 21 million. 21 million can be changed with a hardfork as easily as blocksize. Lrn 2 Bitcoin pl0x. Re. emailing Beanies: Just like sidechains will be implemented to make Bitcoin useful as a currency (yeah, 7TPS is shit), new apps & technology layers will develop for BTCeanies. The fundamentals are improving all the time! Re. trust Ty: Trust Gavin. Also https://bitcointalk.org/index.php?topic=931714.msg10366676#msg10366676@podyx: Nobody's dumping, simply divesting @ minimal slippage. Shit takes time, don't rush. |
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SnokkomBTC
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February 05, 2015, 05:47:19 PM |
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^
Oh, another one that thinks that the population of Greece will adopt bitcoin. Haha!
Actually I think the majority of Greeks will be pimping out their daughters for cans of Spam, but a few will make out like bandits just like the Rooskies who bought up all those formerly state-owned businesses when shares were trading for pennies and then later became oligarchs. Greece's new finmin is a socialist moron. I have zero hope the new Greek government will be anything but hostile to crypto. The beauty is it doesn't matter in the slightest. The laws of economics cannot be repealed by legislative fiat. Yanis Varoufakis about financial system : https://www.youtube.com/watch?v=iVxaTC7Qp44I think he isn't so stupid.. |
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itod
Legendary
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Activity: 1974
Merit: 1076
^ Will code for Bitcoins
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February 05, 2015, 05:48:55 PM |
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I bought 1 more bitcoin at 215. Now I'm completely out of money to invest.  You know what you have to do now:  |
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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February 05, 2015, 05:53:57 PM |
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any commodity in finite supply will have to gain value. Supply and demand, Baby... How are you set for BTCeanies? Don't miss the boat, freedom fighter! Please dump harder... I've sold part of my stash at $218 and this is a disgrace! Same here that mighty $220 support broke. I was promised sub 200! BTW someone accumulating Big on Finex with those 1k - 2k walls! |
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luckygenough56
Legendary
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Activity: 1526
Merit: 1012
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February 05, 2015, 05:57:39 PM |
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i'm ready for the next strike
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NotLambchop
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February 05, 2015, 05:59:38 PM |
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Same here that mighty $220 support broke. I was promised sub 200!
... rpietila promised me $300,000  You've been misled by $16, and me? Well, *math* $299,784 |
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 05, 2015, 05:59:59 PM |
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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February 05, 2015, 06:06:57 PM |
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^
Oh, another one that thinks that the population of Greece will adopt bitcoin. Haha!
Actually I think the majority of Greeks will be pimping out their daughters for cans of Spam, but a few will make out like bandits just like the Rooskies who bought up all those formerly state-owned businesses when shares were trading for pennies and then later became oligarchs. Greece's new finmin is a socialist moron. I have zero hope the new Greek government will be anything but hostile to crypto. The beauty is it doesn't matter in the slightest. The laws of economics cannot be repealed by legislative fiat. Yanis Varoufakis about financial system : https://www.youtube.com/watch?v=iVxaTC7Qp44I think he isn't so stupid.. Then you're stupid. He's claiming Greece has a solvency problem rather than a liquidity problem. No shit. A first year accounting student at a junior college could tell you that. But a doctor has to do more than just diagnose and his proposed prescription is poison. |
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Fatman3001
Legendary
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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February 05, 2015, 06:13:22 PM |
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any commodity in finite supply will have to gain value. Supply and demand, Baby... How are you set for BTCeanies? Don't miss the boat, freedom fighter! Please dump harder... I've sold part of my stash at $218 and this is a disgrace! The fact that the last super-dumps have roughly moved the price by a gnats fart only to steadily rise again to $220-230 makes me feel something I haven't done for over a year, genuinely optimistic. |
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luckygenough56
Legendary
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Activity: 1526
Merit: 1012
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February 05, 2015, 06:13:34 PM |
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my we predictions :  |
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tomothy
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February 05, 2015, 06:14:53 PM |
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Seems China still has some weak hands... They dump like 200 coins and Finex follows with 1500. I wonder how that's even remotely profitable unless they're just selling into their own buy walls. Maybe arbitraging somewhere, the futures market?
No this dump was started when someone sold btc for ltc on btce. I hate to spoil the “party” but dumping BTC/LTC to push BTC/USD down move has become so obvious that even the small guys are picking up the moves early. Watch for the move in the other direction for the BTC/USD rise. so, they pushed both the price of btc and ltc USD down and our preserving their ability to make the next move by increasing supply of ltc? I guess why wouldn't everything be going down, what's the point of funneling the available currency back into ltc/btc? Just wondering... |
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