JimboToronto
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Activity: 4004
Merit: 4466
You're never too old to think young.
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February 16, 2015, 06:24:19 PM |
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The comparisons to beanie babies and pogs are ridiculous. But if you are going to compare Bitcoin to a useless fad that became collectible you could sort of compare it to baseball cards. As you know before the early 80's sports cards were produced in a limited quantity and many were destroyed or were lost because the lack of knowledge of future value (like bitcoin). Once popular (during the 80's) the card companies started overproducing "newer and better cards" to keep up with demand from people who saw others make good money off their old collections (like altcoins). Hoping for a return from the investments card collectors in the 80's would be disappointed... Point is, if any of the digital currencies has any chance of succeeding it will be Bitcoin due to the time of adoption and somewhat fair distribution due to lack of knowledge of potential value. So if you are bashing Bitcoin for some other shit coin have fun because it will be worthless some day.
Your knowledge of the 1980s baseball card bubble indicates that you are probably a little older than many of the posters here. Welcome to the forum. What's a Bo Jackson rookie card worth now? LOL  |
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Battleangel
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Activity: 2
Merit: 0
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February 16, 2015, 06:28:14 PM |
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NotLambchop
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February 16, 2015, 06:32:43 PM |
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More interesting news:  |
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NotHatinJustTrollin
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Activity: 462
Merit: 107
★Bitvest.io★ Play Plinko or Invest!
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February 16, 2015, 06:42:17 PM |
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Bter Call Saul.
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Feri22
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February 16, 2015, 06:44:51 PM |
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More interesting news: Fool me once, shame on you...fool me twice, shame on me....When will people finally realize, that keeping BTC in exchanges is huge risk? |
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spooderman
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Activity: 1638
Merit: 1022
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February 16, 2015, 06:48:32 PM |
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A fool and their bitcoins are soon parted.
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damiano
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Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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February 16, 2015, 06:54:12 PM |
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Current market conditions are a bit alarming to me.
A lot of shorts have been closed, but there is plenty now available to short.
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bitards
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Activity: 35
Merit: 0
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February 16, 2015, 06:57:45 PM |
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Fool me once, shame on you...fool me twice, shame on me....When will people finally realize, that keeping BTC in exchanges is huge risk? So lets make bitcoin unusable by not ever using exchanges. It is not like the hackers say they only steal btc that has been sitting there for over a week. I guarantee that if you take the amount of transactions that occur on an exchange and compare it to the amount that occur without exchanges, the ratio of transaction to some dickhead stealing your btc or fiat is a lot lower on an exchange. BTC doesn't blow because of exchanges, it blows monkey cock for other reasons right now. |
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 16, 2015, 06:59:39 PM |
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Elwar
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Activity: 3598
Merit: 2384
Viva Ut Vivas
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February 16, 2015, 07:00:51 PM |
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We need BitSquare
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ghandi
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February 16, 2015, 07:13:06 PM |
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Current market conditions are a bit alarming to me.
A lot of shorts have been closed, but there is plenty now available to short.
You are always refering to shorts and longs...are there any graphs, which correlate the price with those shorts/longs over time? |
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damiano
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Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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February 16, 2015, 07:37:33 PM |
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 Stay tuned folks are there any graphs, which correlate the price with those shorts/longs over time?
http://www.bfxdata.com/USD swaps are slowly going up as well |
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 16, 2015, 07:59:40 PM |
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billyjoeallen
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Activity: 1106
Merit: 1007
Hide your women
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February 16, 2015, 08:11:43 PM |
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Current market conditions are a bit alarming to me.
A lot of shorts have been closed, but there is plenty now available to short.
Using that logic: The employment market is alarming. A lot of people have been hired, but that means more people could lose their jobs. |
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damiano
Legendary
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Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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February 16, 2015, 08:21:32 PM |
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Current market conditions are a bit alarming to me.
A lot of shorts have been closed, but there is plenty now available to short.
Using that logic: The employment market is alarming. A lot of people have been hired, but that means more people could lose their jobs. Im trying to analyze the market from both ends. What has me worried is the amount of swaps available. I play the market both short term day trading and long term and long term I don't care. The short term is what I am cautious about and with what I see it just means ill stay on the sidelines till a move occurs. |
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abercrombie
Legendary
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Activity: 1159
Merit: 1001
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February 16, 2015, 08:22:39 PM |
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Current market conditions are a bit alarming to me.
A lot of shorts have been closed, but there is plenty now available to short.
Using that logic: The employment market is alarming. A lot of people have been hired, but that means more people could lose their jobs. Probably means that there is less chance of a short squeeze at these low depths. And it's more likely that they'll re-load their short positions on any signs of strength. |
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ErisDiscordia
Legendary
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Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
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February 16, 2015, 08:22:51 PM |
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The comparisons to beanie babies and pogs are ridiculous. But if you are going to compare Bitcoin to a useless fad that became collectible you could sort of compare it to baseball cards. As you know before the early 80's sports cards were produced in a limited quantity and many were destroyed or were lost because the lack of knowledge of future value (like bitcoin). Once popular (during the 80's) the card companies started overproducing "newer and better cards" to keep up with demand from people who saw others make good money off their old collections (like altcoins). Hoping for a return from the investments card collectors in the 80's would be disappointed... Point is, if any of the digital currencies has any chance of succeeding it will be Bitcoin due to the time of adoption and somewhat fair distribution due to lack of knowledge of potential value. So if you are bashing Bitcoin for some other shit coin have fun because it will be worthless some day.
A fair enough comparison which nevertheless overlooks one crucial point: the utility of Bitcoin technology is orders of magnitude greater than the utility of baseball cards. |
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damiano
Legendary
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Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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February 16, 2015, 08:29:34 PM |
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Current market conditions are a bit alarming to me.
A lot of shorts have been closed, but there is plenty now available to short.
Using that logic: The employment market is alarming. A lot of people have been hired, but that means more people could lose their jobs. Probably means that there is less chance of a short squeeze at these low depths. And it's more likely that they'll re-load their short positions on any signs of strength. I don't think there is any chance of a short squeeze around these levels at all. If anything I do agree with what you mentioned about reloading. If we break up into the 240's-250 thats when we will start to see some action. If anything I think longs are being slightly squeezed atm..Some more than others. Quite a bit of longs opened up at 250+ just 2 days ago, but there have been a few riding this down |
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JorgeStolfi
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February 16, 2015, 08:43:00 PM |
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if you are going to compare Bitcoin to a useless fad that became collectible you could sort of compare it to baseball cards.
A fair enough comparison which nevertheless overlooks one crucial point: the utility of Bitcoin technology is orders of magnitude greater than the utility of baseball cards. The analogy also fails in another way. Beanie babies and baseball cards were not fungible, and each "species" had its own sentimental/aesthetic/historical value. That is what made (and makes) those things suitable collectors items. Bitcoins, however, are fungible and invisible; if they were to lose their financial value, no one would want to buy them as colectibles. (Before the first USMS aution, some people speculated that those ~30'000 bitcoins would be worth more than ordinary bitcoins in the future; both for having been "blessed" by the US government, and for their historical value, having been through SilkRoad and its takedown. But no one mentions that now. The "collectors overprice" of those bitcoins now must be the same as that of the the dollars that once were in Al Capone's bank account: none at all...) |
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