spooderman
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Activity: 1652
Merit: 1029
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March 14, 2017, 12:19:03 PM |
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*waits for morningly Jimbo post*
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gentlemand
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Welt Am Draht
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March 14, 2017, 12:22:32 PM |
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*waits for morningly Jimbo post*
Aye. It's very comforting. Rather like FDR's fireside chats. Long may they continue even though I hate coffee.
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york780
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March 14, 2017, 01:06:25 PM |
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FOMO time guys.
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Arcteryx
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March 14, 2017, 01:26:56 PM |
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Heard today that some wall street guy did something to this statue of this girl standing infront of the bull in NY. Anybody know what he did? And was it water cooler worthy? if you are asking, obviously you already know, so why are you asking? No I do not. Hearing a headline on the news does not tell what happened because it was censored of what he did. Defecate on it, hump it, I DO NOT KNOW! On other news, a man in Russia is in court for playing pokemon go in the church where one of the last stars got killed. If convicted he is going to to serve 7 years in prison. Now I know the details of this news headline cause it wasn't censored from my local news program on tv. When you got to catch them all!
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savetherainforest
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March 14, 2017, 01:27:52 PM |
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*waits for morningly Jimbo post*
Let the man sleep!!!... I think its 6-7 am in his timezone now... Anyway... meanwhile...
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soullyG
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March 14, 2017, 02:13:56 PM |
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Jumanji7
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March 14, 2017, 02:15:37 PM |
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Bitcoin needs another leg up in order to make alts bleed! Another significant upstream would move smart money from alts to BTC.
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Lauda
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Activity: 2674
Merit: 2965
Terminated.
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March 14, 2017, 02:18:58 PM |
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It has been a lot time that i not monitor this thing. we don't have a voting process on that? who makes the final decision ? hard fork could f@ck bitcoin price and trust of course...
No. There is no "voting process" in a decentralized cryptocurrency. The whole ecosystem either comes to a decision by consensus or not. You technically give your "vote" by running or adopting a specific soft fork, hard fork, or implementation. Fed raising interest rates -> bullish for Bitcoin? Would be nice if someone elaborated on that.
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Cassius
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Activity: 1764
Merit: 1031
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March 14, 2017, 02:24:04 PM |
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Fed raising interest rates -> bullish for Bitcoin? Would be nice if someone elaborated on that. I see no obvious reason. Barring other economic weird stuff going on (which doesn't seem to apply this time) it doesn't make a lot of sense. The only straw I could grasp at is if a minority of stock traders who see the market dipping because others are selling for the stronger USD decide to put money in BTC in the hope of seeing better returns. It makes sense to frontrun the stock market drop, but if you don't like the dollar, where are you going to go? I doubt there's any meaningful correlation, anyway.
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kurious
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March 14, 2017, 02:35:12 PM |
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Normally, raising interest rates makes a currency stronger.
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Cassius
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March 14, 2017, 02:38:27 PM |
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Normally, raising interest rates makes a currency stronger.
Yes, hence pulling money out of other asset classes like stocks and arguably bitcoin, all things being equal. I doubt there's much of an effect for bitcoin, if any, but if there was it would be in that direction.
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kurious
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March 14, 2017, 02:39:41 PM |
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To add:
It can also mean invested money pays higher rates and borrowers pay more. It is usually seen as an economic brake on a country if rates go up.
Raised rates incentivise saving rather than borrowing and spending is curtailed too (credit is not cheap).
Loosening interest rates, conversely acts as a spur to the economy.
In Trump's America - all of this may have a totally different outcome, of course.
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Cassius
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Merit: 1031
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March 14, 2017, 02:45:26 PM |
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Best guess is that the rise is just continuation of trend, no fundamental change in overall bullish sentiment despite the COIN decision, and lower fresh supply from mining hitting the market. I suppose there may be other traders who believe SolidX stands a chance.
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kurious
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Activity: 2590
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March 14, 2017, 02:46:03 PM |
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Normally, raising interest rates makes a currency stronger.
Yes, hence pulling money out of other asset classes like stocks and arguably bitcoin, all things being equal. I doubt there's much of an effect for bitcoin, if any, but if there was it would be in that direction. If people's savings can keep pace with inflation (which is also usually held back by high rates) by normal deposit account savings, then why risk it in shares? Stocks are more popular when money is cheap, but saving doesn't pay much as investors are desperate to get returns that low bank rates will not supply. Low rates encourage higher risk savings to look more appealing, so higher rates (ordinarily) should discourage riskier investments - such as (arguably) Bitcoin. This is of course classical economic theory - and often money markets, savers, investors and borrowers don't know enough about the theory to do what it says they should
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Cassius
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Activity: 1764
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March 14, 2017, 02:50:13 PM |
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Normally, raising interest rates makes a currency stronger.
Yes, hence pulling money out of other asset classes like stocks and arguably bitcoin, all things being equal. I doubt there's much of an effect for bitcoin, if any, but if there was it would be in that direction. If people's savings can keep pace with inflation (which is also usually held back by high rates) by normal deposit account savings, then why risk it in shares? Stocks are more popular when money is cheap, but saving doesn't pay much as investors are desperate to get returns that low bank rates will not supply. Low rates encourage higher risk savings to look more appealing, so higher rates (ordinarily) should discourage riskier investments - such as (arguably) Bitcoin. This is of course classical economic theory - and often money markets, savers, investors and borrowers don't know enough about the theory to do what it says they should I thought this was exactly my point! Falling stock prices would generally correlate with a fall in bitcoin, under this theory. In practice I doubt bitcoin traders are a large enough and homogenous enough group for that to hold true.
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blockcha1n
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March 14, 2017, 03:05:00 PM |
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What's going to happen when $1242 is past? A Mt. gox is finally dead announcement and everybody and everything is at peace in the world? The price hasn't changed from the beginning of the month until the middle of the month. Not by very much. Wasn't the Chinese exchanges going to give their verdict on what's going to happen next yesterday March the 13th?
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Holliday
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March 14, 2017, 03:07:44 PM |
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It has been a lot time that i not monitor this thing. we don't have a voting process on that? who makes the final decision ? hard fork could f@ck bitcoin price and trust of course...
No. There is no "voting process" in a decentralized cryptocurrency. The whole ecosystem either comes to a decision by consensus or not. You technically give your "vote" by running or adopting a specific soft fork, hard fork, or implementation. I'd say the only vote that matters, in Bitcoin or anywhere really, is the voting that you do with your wallet.
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Ted E. Bare
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March 14, 2017, 03:27:16 PM |
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Alt coins coming back down and bitcoin price increasing, what a surprise.
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kurious
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Activity: 2590
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March 14, 2017, 03:38:32 PM |
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Normally, raising interest rates makes a currency stronger.
Yes, hence pulling money out of other asset classes like stocks and arguably bitcoin, all things being equal. I doubt there's much of an effect for bitcoin, if any, but if there was it would be in that direction. If people's savings can keep pace with inflation (which is also usually held back by high rates) by normal deposit account savings, then why risk it in shares? Stocks are more popular when money is cheap, but saving doesn't pay much as investors are desperate to get returns that low bank rates will not supply. Low rates encourage higher risk savings to look more appealing, so higher rates (ordinarily) should discourage riskier investments - such as (arguably) Bitcoin. This is of course classical economic theory - and often money markets, savers, investors and borrowers don't know enough about the theory to do what it says they should I thought this was exactly my point! Falling stock prices would generally correlate with a fall in bitcoin, under this theory. In practice I doubt bitcoin traders are a large enough and homogenous enough group for that to hold true. I wasn't really disagreeing with you, just saying what interest rate rises would normally be expected to do to economic activity in different asset classes. I was 'elaborating' as Lauda asked.. To be honest Honey Badger has been looking such a good buy of late - stock market falls may bring more money into BTC - I mean, we just went over 1250 - so economic theory ain't much help. Let's face it, we cannot recall too many economists predicting the banking crash, can we - on the other hand Satoshi's white paper was timed just right for it. Bitcoin is perhaps more likely to behave as a commodity, more like gold. Gold (in theory) should go down as federal bonds etc pay more - so there is an opportunity cost to holding an asset that pays no interest. However the last four recorded Fed interest rate hikes have seen gold go up, not down. So theories are meaningless!
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Sundark
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March 14, 2017, 03:45:35 PM |
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test - I think that Bitcointalk's database is having problems currently, as some of my previous posting attempts were unregistered and generated error. Alt coins coming back down and bitcoin price increasing, what a surprise.
isn't this always the case? People are usually sell altcoins to gather money for purchasing bitcoin. It is standard cue whenever we may expect another bull run.
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