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JorgeStolfi
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December 11, 2013, 10:59:53 AM |
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Even if people hoard in order to further their wealth, they will still have to eventually buy something with their money, or the furthering of their wealth was all in vain (diving in a McDucky sea of physical bitcoin aside). So money will still be spent, except it can be spent when people want to spend it, with no outside pressure.
They would use old inflationary dollars to buy things, and hoard the deflationary bitcoins. Thus if the material value of a bitcoin keeps growing, bitcoins will be used only where they are absolutely needed. If the value keeps decreasing, the total value of bitcoins will decrease too, and soon they will not be enough for trade. The conclusion seems to be that the value of a bitcoin must/will remain constant It also seems that they will only account for a small fraction of all trade. |
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ChartBuddy
Legendary
 Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 11, 2013, 11:02:25 AM |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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December 11, 2013, 11:02:49 AM |
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Stamp is bouncing as crazy
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mb300sd
Legendary
Offline
Activity: 1260
Merit: 1000
Drunk Posts
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December 11, 2013, 11:07:35 AM |
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Its 6am... bitcoin, please stagnate so i can sleep.
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gandhibt
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December 11, 2013, 11:08:07 AM |
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Stamp is bouncing as crazy
I doubt this will go much lower anymore, I'm glad that I made 1 BTC of "comfort winnings" after my stupid emotional yesterdays move...  Just came back from evening stroll and panic bought with my last 90k usd. Now I'm in the same btc position as before this "crash"... I think that wall from stamp $1000 is going to vanish when we come closer to it. Did $950 wall at stamp get pulled or eaten?
Just have to wonder how badly are some of this threads traders doing, because I don't think they have put as much time as me to this, but hopefully they have smaller stakes... Buy & Hold is a good tactic to most, remember that fellows! |
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tutkarz
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December 11, 2013, 11:08:18 AM |
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Even if people hoard in order to further their wealth, they will still have to eventually buy something with their money, or the furthering of their wealth was all in vain (diving in a McDucky sea of physical bitcoin aside). So money will still be spent, except it can be spent when people want to spend it, with no outside pressure.
They would use old inflationary dollars to buy things, and hoard the deflationary bitcoins. Thus if the material value of a bitcoin keeps growing, bitcoins will be used only where they are absolutely needed. If the value keeps decreasing, the total value of bitcoins will decrease too, and soon they will not be enough for trade. The conclusion seems to be that the value of a bitcoin must/will remain constant It also seems that they will only account for a small fraction of all trade. they will buy things using bitcoins to get better prices and buy them back at the exchange. |
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seljo
Legendary
Offline
Activity: 1178
Merit: 1014
Hodling since 2011.®
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December 11, 2013, 11:10:27 AM |
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I just found this on the internet and looked awesome dunno if it apply here but... here it comes  |
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EuroTrash
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December 11, 2013, 11:11:59 AM |
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WTF does everybody buy now, let the price go down a bit more  They want to get cheap coins as much as you do. in a few hours. Most of US is still sleeping. Just wait for the sheeple to wake up to the manipulator's tweet... |
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JorgeStolfi
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December 11, 2013, 11:13:05 AM |
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Okay, you say nobody want's to [spend bitcoins] due to deflation because price [in BTC] will be cheaper tomorrow. I say with the same logic nobody should want to sell due to inflation because price will be higher tomorrow. Yet people are selling things all the time.
Those who make iphones want to drink wine, and those who make wine want to have iphones, and both need them today not tomorrow; that is why people will trade. As for money, the deflation = hoarding rule hs been confirmed in many ways. |
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UnDerDoG81
Legendary
Offline
Activity: 2179
Merit: 1201
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December 11, 2013, 11:20:58 AM |
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Meh I´m back in full BTC again with a loss of 2,5 coins what pisses me off...
I hate this, if you not buy, you think "what if the price goes up in a minute" and after you bought you think "should I have waited a minute, will it go down"...
Now my brain starts "should I sell again"... Damn ahhhhhh... I think we will go down more but 895 was still a better price than 980 yesterday...
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cfrm
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December 11, 2013, 11:27:46 AM |
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Selling before 'China wakes up' is starting to become a good strategy. Luckily I did last night, so I'll have a little extra BTC this morning |
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marcelus
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December 11, 2013, 11:33:57 AM |
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seems that gold followed us this time lol  Wow, I don't go in for TA much but that's a revealing chart ^^ Also shows that after the $1200 double top we've now had a $1000 double top. |
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spooderman
Legendary
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Activity: 1638
Merit: 1022
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December 11, 2013, 11:40:07 AM |
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This could still be an epic bull trap, but most likely is just chilling here until chew chew up to 1300-1600 range that will make us all feel very nervous.
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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December 11, 2013, 11:40:33 AM |
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I don't get why the price is dropping !!! any bad news or just someone decided to cash out ?
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aazssx
Newbie
Offline
Activity: 33
Merit: 0
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December 11, 2013, 11:41:33 AM |
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Last chance to sell high  |
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UnDerDoG81
Legendary
Offline
Activity: 2179
Merit: 1201
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December 11, 2013, 11:42:23 AM |
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Haha what a fuck I hate it. Sold @780, bought back @890 and now we going down...
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MAbtc
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December 11, 2013, 11:42:59 AM |
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I don't get why the price is dropping !!! any bad news or just someone decided to cash out ?
No news necessary. |
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granathus
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December 11, 2013, 11:44:18 AM |
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Haha what a fuck I hate it. Sold @780, bought back @890 and now we going down...
Time to sell again  |
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tutkarz
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December 11, 2013, 11:48:32 AM |
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Haha what a fuck I hate it. Sold @780, bought back @890 and now we going down...
never listen to this pseudo experts in this forum, simply look where price was, where is now and where it will probably be in the future when bitcoin will be more popular and stop worrying. |
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lebing
Legendary
Offline
Activity: 1288
Merit: 1000
Enabling the maximal migration
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December 11, 2013, 11:59:46 AM |
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seems that gold followed us this time lol Wow, I don't go in for TA much but that's a revealing chart ^^ Also shows that after the $1200 double top we've now had a $1000 double top. Maybe but what's more clear is major moves happen at the same time on both markets. It's been proved beyond any reasonable doubt that the exchange stabilisation fund manipulates the gold and silver markets so matching moves on the bitcoin markets strongly suggests the exchange stabilisation fund is manipulating them too. As to the TA, imho bitcoin is too wild to to have patterns repeat themselves with any precision yet that's exactly what we're seeing, according to the April charts we should be entering a downtrend but that doesn't take into account the huge growth in bitcoin awareness. The market wants to go up because so many people are interested but the manipulators want the market to go down to match previous patterns, hence this fairly futile and blatent attempt to start a downtrend. Bingo. In any case, it will bring a smile to my face when the would be manipulators get burned by underestimating this market. |
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