hdbuck
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May 06, 2015, 05:52:50 PM |
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erre
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May 06, 2015, 05:56:24 PM |
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[]Stolfi is trying his best to bring arguments and explain why is this happening. [] His tragic flaw is failing to accept what's readily apparent to pretty much everyone else - those still invested in Bitcoin are clearly immune to logic. Teaching finance to the current crop of bitcoiners is about as productive as teaching table manners to Norway rats https://youtu.be/9umdUu4YEsw
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Feri22
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May 06, 2015, 05:56:47 PM |
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Man don't do this to me, i almost fell of the chair I am just curious Jorge, what would have to happen that you would change your mind about bitcoin? i don't get why are you really here and saying BTC is bad and spending so much time on the forum...in the Speculation thread why aren't you giving your wisdom in some technical thread saying to Gavin or Mike what you thing is wrong...?
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ChartBuddy
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May 06, 2015, 05:58:01 PM |
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minerpumpkin
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May 06, 2015, 06:02:15 PM |
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Breakout seems to be happening slowly on Finex, as we speak. We effectively have crossed the resistance line of the channel, but there's no serious action as of now. It seems China still has their brakes engaged. If they followed, we'd be going up, potentially back into the $240s!
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Feri22
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May 06, 2015, 06:03:40 PM |
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....or better yet Jorge...why don't you want that Bitcoin succeed? It is pretty awesome network after all give or take...I just realized how much powerfull it is when i read about the fine to Ripple from FinCEN...And i realized there is no better currency in sight, because when someone will create googlecoin, facebookcoin or whateverpieceofshitcoin, it will always be centralized and if there really will be some decentralized competitor, we will all see it in advance, but it is not happening and i doubt it will anytime soon...so are you sceptical just about Bitcoin or about the whole crypto-currency evolution?
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LFC_Bitcoin
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May 06, 2015, 06:08:43 PM |
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I think if Jorge put as much time & effort into something that he really believed in as he does here he'd be making serious $$$$$$. Honestly I respected his intelligence, it's clear he's a really clever bloke but this isn't his passion, this isn't something that will make him money. Seriously Jorge put your energy into something you can prosper from, this is a waste of time for you. Find some stocks or shares that you believe in. Bitcoin isn't your calling.
Back on topic - What chances we break 250 by the end of the week, anybody?
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Feri22
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May 06, 2015, 06:14:36 PM |
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You are right ^^...well i think it is possible and if we break 262-265 its possible we would start finally new bull trend...but we will see...it depends when whales and market manipulators will decide if the new bull trend should start but i find kind of interesting that btc-e is not higher than all other exchanges...i remember it was almost always lower...any thoughts about this?
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Fatman3001
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Make Bitcoin glow with ENIAC
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May 06, 2015, 06:16:54 PM |
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Please keep pointing out flaws, but if you want to be taken seriously I would recommend that you build your own argument rather than keep defending our resident tl,dr-troll.
I don't 'defend' him, just his right to his opinion. I agree with a lot of what he says, but wouldn't share the same level of skepticism he has. But in the end of the day it is just a personal view, and any intelligent person knows they must make their own minds up about it while making sure they have all the relevant facts. Anyway, I'm not always negative. I think bitcoin makes plenty of nice, quiet advances everyday. In my own business, we have taken almost 200BTC in revenues, and paid out over 80BTC to freelancers since January. Bullish! Indeed.... But I cant get others to get involved because every time they look into it they find crackpots and scammers. Bitcoiners pushing bitcoin on people who don't need it can end up doing more harm than good IMHO, there are plenty of valid uses for it. If I seem a bit illogical irrational at times, it's because I believe those valid uses have a huge potential. Whether it's Bitcoin or some other currency, there is always going to be people trying to take advantage of other people. As someone who ordered gear from both KnC and BFL, I can assure you there is a dark side to the "Bitcoin Community". But that been said, we're talking about digital money. So thinking of the entire Bitcoin ecosystem as a "Community" is a bit naive anyway.
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LFC_Bitcoin
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May 06, 2015, 06:17:30 PM |
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You are right ^^...well i think it is possible and if we break 262-265 its possible we would start finally new bull trend...but we will see...it depends when whales and market manipulators will decide if the new bull trend should start but i find kind of interesting that btc-e is not higher than all other exchanges...i remember it was almost always lower...any thoughts about this? I'm not an expert trader mate. If I'm honest I've never sold anything, I just buy & HODL. Bitcoin is a long term investment for me, I'm not looking for small, short term profits. I've just got my fingers crossed, hoping for maybe 5,000 USD per coin one day then it's party time.
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Moria843
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Found Lost beach - quiet now
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May 06, 2015, 06:26:01 PM |
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At this rate, will we still be able to get two really good pizzas for 50,000 BTC in 2020?
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Fatman3001
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May 06, 2015, 06:31:58 PM |
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At this rate, will we still be able to get two really good pizzas for 50,000 BTC in 2020?
At this rate we will stay at around $220-240 until 2020, so it all depends on if there's a shortage of pizza in five years.
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noobtrader
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May 06, 2015, 06:40:31 PM |
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At this rate, will we still be able to get two really good pizzas for 50,000 BTC in 2020?
At this rate we will stay at around $220-240 until 2020, so it all depends on if there's a shortage of pizza in five years. i think there will be halving next year which will double the price at least, also if for some reason whale club decide to pump, this coin can goto into 4 figure usd. i mean, do you think 1000 was the bubble ? the mass adoption hasnt even begun, i think the next bubble will make the last bubble look like dust
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rolling
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May 06, 2015, 06:41:49 PM |
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[] Whether it's Bitcoin or some other currency, there is always going to be people trying to take advantage of other people. As someone who ordered gear from both KnC and BFL, I can assure you there is a dark side to the "Bitcoin Community". But that been said, we're talking about digital money. So thinking of the entire Bitcoin ecosystem as a "Community" is a bit naive anyway.
The problem with BTC is it has no mechanisms in place to deal with bad actors. That's Y it fails - right on the conceptual level. Real money has the might of the state to punish the con men, Bitcoin? Not so much. Thus far, the only repercussions felt by thieves & conmen in Bitcoin Equestria came from the hand of the nanny-state Bitcoiners so love to whine about The state has just as much power over bad actors who use bitcoin as they do over bad actors using cash. Since when does money have to provide a method to deal with bad actors? That is not a function of money.
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Fatman3001
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May 06, 2015, 06:48:06 PM |
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[] Whether it's Bitcoin or some other currency, there is always going to be people trying to take advantage of other people. As someone who ordered gear from both KnC and BFL, I can assure you there is a dark side to the "Bitcoin Community". But that been said, we're talking about digital money. So thinking of the entire Bitcoin ecosystem as a "Community" is a bit naive anyway.
The problem with BTC is it has no mechanisms in place to deal with bad actors. That's Y it fails - right on the conceptual level. Real money has the might of the state to punish the con men, Bitcoin? Not so much. Thus far, the only repercussions felt by thieves & conmen in Bitcoin Equestria came from the hand of the nanny-state Bitcoiners so love to whine about The state has just as much power over bad actors who use bitcoin as they do over bad actors using cash. Since when does money have to provide a method to deal with bad actors. That is not a function of money. I think rmbku is lambie. But yeah, what Rolling said.
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ChartBuddy
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May 06, 2015, 06:57:59 PM |
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noobtrader
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May 06, 2015, 06:59:47 PM |
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[] Whether it's Bitcoin or some other currency, there is always going to be people trying to take advantage of other people. As someone who ordered gear from both KnC and BFL, I can assure you there is a dark side to the "Bitcoin Community". But that been said, we're talking about digital money. So thinking of the entire Bitcoin ecosystem as a "Community" is a bit naive anyway.
The problem with BTC is it has no mechanisms in place to deal with bad actors. That's Y it fails - right on the conceptual level. Real money has the might of the state to punish the con men, Bitcoin? Not so much. Thus far, the only repercussions felt by thieves & conmen in Bitcoin Equestria came from the hand of the nanny-state Bitcoiners so love to whine about The state has just as much power over bad actors who use bitcoin as they do over bad actors using cash. Since when does money have to provide a method to deal with bad actors. That is not a function of money. I'll gladly explain. The state may have the power to go after the bad actors, but Bitcoin makes it far more difficult, because pseudonymity. Unlike fiat, Bitcoin transactions are not linked to identities - only addys. The state also has no real interest in maintaining a semblance of order & respectability in a pseudocurrency meant to unseat the state-backed money. It has great interest in maintaining the value of the currency it issues, but Bitcoin's value? Not so much TL;DR: No mechanism for self-governance; no incentive for state to help; more difficult to enforce even if the incentive was there. @Lardass: ur fat. fiat paper money is a pseudocurrency too, unless you sign all your money and write down your name and addr on it
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Cconvert2G36
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May 06, 2015, 07:02:58 PM |
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You are right ^^...well i think it is possible and if we break 262-265 its possible we would start finally new bull trend...but we will see...it depends when whales and market manipulators will decide if the new bull trend should start but i find kind of interesting that btc-e is not higher than all other exchanges...i remember it was almost always lower...any thoughts about this? I'm not an expert trader mate. If I'm honest I've never sold anything, I just buy & HODL. Bitcoin is a long term investment for me, I'm not looking for small, short term profits. I've just got my fingers crossed, hoping for maybe 5,000 USD per coin one day then it's party time. Isn't this just the "bagholder waiting for a greater fool" mantra? I mean global, non-state, algorithmically controlled means of wealth storage and transfer... and you just hope for a quick 20 bagger to go party? The state may have the power to go after the bad actors, but Bitcoin makes it far more difficult, because pseudonymity. Unlike fiat, Bitcoin transactions are not linked to identities - only addys. Paper cash. The state also has no real interest in maintaining a semblance of order & respectability in a pseudocurrency meant to unseat the state-backed money. It has great interest in maintaining the value of the currency it issues. Bitcoin's value? Not so much It was not requested nor desired from the beginning. No mechanism for self-governance(?); no incentive for state to help; more difficult to enforce even if the incentive was there. Again, designed that way.
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Fatman3001
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May 06, 2015, 07:16:23 PM |
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You are right ^^...well i think it is possible and if we break 262-265 its possible we would start finally new bull trend...but we will see...it depends when whales and market manipulators will decide if the new bull trend should start but i find kind of interesting that btc-e is not higher than all other exchanges...i remember it was almost always lower...any thoughts about this? I'm not an expert trader mate. If I'm honest I've never sold anything, I just buy & HODL. Bitcoin is a long term investment for me, I'm not looking for small, short term profits. I've just got my fingers crossed, hoping for maybe 5,000 USD per coin one day then it's party time. Isn't this just the "bagholder waiting for a greater fool" mantra? I mean global, non-state, algorithmically controlled means of wealth storage and transfer... and you just hope for a quick 20 bagger to go party? We can't all be sitting around a camp fire singing Kumbaya. If that's a requirement then we should just close this thing down. He's buying coins. It takes all kinds.
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rolling
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May 06, 2015, 07:19:32 PM |
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I'll gladly explain. The state may have the power to go after the bad actors, but Bitcoin makes it far more difficult, because pseudonymity. Unlike fiat, Bitcoin transactions are not linked to identities - only addys. The state also has no real interest in maintaining a semblance of order & respectability in a pseudocurrency meant to unseat the state-backed money. It has great interest in maintaining the value of the currency it issues, but Bitcoin's value? Not so much TL;DR: No mechanism for self-governance; no incentive for state to help; more difficult to enforce even if the incentive was there. @Lardass: ur fat. Law enforcement testified at the NYDFS hearings last year and they repeatedly said bitcoin did not make their job any harder in regards to catching criminals. Fiat is not linked to identities. Credit cards might be, bank transfers might be, but fiat itself is not linked to identities.
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