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fr33d0miz3r
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January 15, 2014, 07:40:05 PM |
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virtex is seriously melting up
Just two absolutely random pictures  |
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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damiano
Legendary
 Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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January 15, 2014, 07:40:13 PM |
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hmm china.. russia.. whos next? india and brazil. bric countries against the NWO coin No offense to India, but I have a handful of friends that live there and I have been told that majority of that country is very poor with a small middle class and a handful of the wealthy. I don't think the majority would put to much into bitcoins. India may not have alot of wealth, but the people there cherish gold. Even the poorest people in India keep gold in their hands. The fact that Bitcoin has so many gold-like properties is my reason why I think Bitcoin would do great in India. Although the Indian government might not like it. I understand, but can they cherish something that isn't tangible? |
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JorgeStolfi
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January 15, 2014, 07:41:32 PM |
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I have been told that majority of that country is very poor with a small middle class and a handful of the wealthy. I don't think the majority would put to much into bitcoins.
The poor do not undertand speculative markets and are asily swindled. If they learn that someone got rich by investing in X, many will sell their houses and sustenance cows to invest in X. (TelexFree, a recent Brazilian Ponzi scheme, was most popular in the poorest parts of the county. I have seen claims that half the adult population of a state in the deep Amazon invested in it.) |
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Patel
Legendary
Offline
Activity: 1321
Merit: 1007
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January 15, 2014, 07:42:41 PM |
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hmm china.. russia.. whos next? india and brazil. bric countries against the NWO coin No offense to India, but I have a handful of friends that live there and I have been told that majority of that country is very poor with a small middle class and a handful of the wealthy. I don't think the majority would put to much into bitcoins. India may not have alot of wealth, but the people there cherish gold. Even the poorest people in India keep gold in their hands. The fact that Bitcoin has so many gold-like properties is my reason why I think Bitcoin would do great in India. Although the Indian government might not like it. I understand, but can they cherish something that isn't tangible? I think so, India is pretty tech savvy even though they are poor. |
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gmannn
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January 15, 2014, 07:47:28 PM |
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hmm china.. russia.. whos next? india and brazil. bric countries against the NWO coin No offense to India, but I have a handful of friends that live there and I have been told that majority of that country is very poor with a small middle class and a handful of the wealthy. I don't think the majority would put to much into bitcoins. India may not have alot of wealth, but the people there cherish gold. Even the poorest people in India keep gold in their hands. The fact that Bitcoin has so many gold-like properties is my reason why I think Bitcoin would do great in India. Although the Indian government might not like it. I understand, but can they cherish something that isn't tangible? Bitcoin is tangible, but not corporeal. http://www.runtogold.com/2012/11/why-bitcoin-is-tangible-digging-into-the-guts-of-bitcoin/ |
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Walsoraj
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January 15, 2014, 07:56:44 PM |
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http://www.forbes.com/sites/samanthasharf/2014/01/15/10-one-perspective-on-what-bitcoin-will-be-worth-in-2014/Bitcoin began 2013 at $13 a coin, only to ring in 2014 around $800 with worldwide fascination driving the 60-times gain. But according to Boston University Finance Professor Mark Williams the price has really been driven by an influential few. Just 47 people own 29% of all outstanding Bitcoins; 930 own 50%. Another 10,000 folks bring the total owned by the largest coin holders to roughly 75%, leaving a sliver to be split among about 1 million small-change Bitcoiners.
Williams, a former trader and bank examiner for the Federal Reserve, argues that in 2013 the 47 powers coordinated to push prices up. They counted on what economists call Greater Fools. Investors make money when someone is willing to pay a higher price for a security than you did — Greater Fool Theory states that there is always someone willing to pay a higher price. But Williams sees the broader market wising up to Bitcoin’s limitations and taking back control in 2014.
Awesome article. Conclusion? Load up on silly alts before the fools greater than you.
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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January 15, 2014, 08:01:31 PM |
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http://www.forbes.com/sites/samanthasharf/2014/01/15/10-one-perspective-on-what-bitcoin-will-be-worth-in-2014/Bitcoin began 2013 at $13 a coin, only to ring in 2014 around $800 with worldwide fascination driving the 60-times gain. But according to Boston University Finance Professor Mark Williams the price has really been driven by an influential few. Just 47 people own 29% of all outstanding Bitcoins; 930 own 50%. Another 10,000 folks bring the total owned by the largest coin holders to roughly 75%, leaving a sliver to be split among about 1 million small-change Bitcoiners.
Williams, a former trader and bank examiner for the Federal Reserve, argues that in 2013 the 47 powers coordinated to push prices up. They counted on what economists call Greater Fools. Investors make money when someone is willing to pay a higher price for a security than you did — Greater Fool Theory states that there is always someone willing to pay a higher price. But Williams sees the broader market wising up to Bitcoin’s limitations and taking back control in 2014.
Awesome article. Conclusion? Load up on silly alts before the fools greater than you. DOGECOIN FTW |
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ChartBuddy
Legendary
Offline
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 15, 2014, 08:02:46 PM |
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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January 15, 2014, 08:04:00 PM |
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I've been here since before $1. You're not going to convince me by telling me to look at the charts. I saw them as they happened. If you want to gamble, be my guest. But if you advertise it as a sure thing, I will call you out.
Lets revisit this and see who is right . To qoute me Selling now at $950 with re-buy set at $760 (-20%) Meaning even though Im bullish I recognize $760 WILL be revisited before going back up. Increasing my BTC holding 20%, Lets revisit this in a Month (if not sooner) and see how it plays out shall we. I'm not disagreeing that it might go down. I'm disagreeing that it will go down with 100% certainty. Giving it a month won't prove anything about my position no matter what happens. Please design a scenario in which your position will be proven false. If you disagree, you need to prove that someone can predict the future with 100% certainty. Good luck. This! Plain and simple. You might be a master in econometrics or having a PhD degree in economics. It's irrelevant. There's no 100% possibility of predicting the next phase of a DCS. And there's proof. For all you noobs out there, please take some time to read this article here: https://bitcointalk.org/index.php?topic=372346 |
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granathus
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January 15, 2014, 08:15:30 PM |
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I've been here since before $1. You're not going to convince me by telling me to look at the charts. I saw them as they happened. If you want to gamble, be my guest. But if you advertise it as a sure thing, I will call you out.
Lets revisit this and see who is right . To qoute me Selling now at $950 with re-buy set at $760 (-20%) Meaning even though Im bullish I recognize $760 WILL be revisited before going back up. Increasing my BTC holding 20%, Lets revisit this in a Month (if not sooner) and see how it plays out shall we. I'm not disagreeing that it might go down. I'm disagreeing that it will go down with 100% certainty. Giving it a month won't prove anything about my position no matter what happens. Please design a scenario in which your position will be proven false. If you disagree, you need to prove that someone can predict the future with 100% certainty. Good luck. This! Plain and simple. You might be a master in econometrics or having a PhD degree in economics. It's irrelevant. There's no 100% possibility of predicting the next phase of a DCS. And there's proof. For all you noobs out there, please take some time to read this article here: https://bitcointalk.org/index.php?topic=372346If you need proof to realize that the future cannot be 100% predicted, you are just plain stupid imho. |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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January 15, 2014, 08:18:10 PM |
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As soon as my bots buy, price stop rising. My bots suck  |
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fr33d0miz3r
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January 15, 2014, 08:34:12 PM |
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As soon as my bots buy, price stop rising. My bots suck  |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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January 15, 2014, 08:41:52 PM |
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Looks like it has failed to break out upwards
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Patel
Legendary
Offline
Activity: 1321
Merit: 1007
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January 15, 2014, 08:43:57 PM |
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We're gonna go below 800 thats for sure.
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bassclef
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January 15, 2014, 08:51:43 PM |
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Looks like it has failed to break out upwards We're gonna go below 800 thats for sure. Less book-talking and more chart dinosaurs, please. |
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Walsoraj
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January 15, 2014, 09:05:34 PM |
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Looks like it has failed to break out upwards We're gonna go below 800 thats for sure. Less book-talking and more chart dinosaurs, please. Agree. And I would like to see something other than a t-rex or brontosaurus. Please be creative. |
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fr33d0miz3r
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January 15, 2014, 09:06:49 PM |
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Less book-talking and more chart dinosaurs, please.
Here is our bitcoin community  |
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
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January 15, 2014, 09:18:56 PM |
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war is often described as interminable boredom punctuated by moments of sheer terror
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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January 15, 2014, 09:38:22 PM |
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Less book-talking and more chart dinosaurs, please.
Here is our bitcoin community Where's GOAT? PS: I LOL'd |
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Nightowlace
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January 15, 2014, 09:40:34 PM |
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So what you guys are saying is;
I should sell now.
Panic buy back when the price rises $10
Cry, whine, hope, hodl in utter desperation hoping for it to reach my buy in again.
Finally cave and panic sell at the bottom.
Watch it skyrocket back up and buy back again at the top?
So basically just HODL is the bet strategy right?
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Poll
