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Sword Smith
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October 21, 2013, 08:52:49 PM |
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You are forgetting an important dynamic: Interest rates. When consumption falls, savings rise and there are thus more money to be lent out. That means that the supply of money for loans rises and the price for loans fall which is the same as the interest rate falling. That means that it becomes more attractive to invest with borrowed money and this increases efficiency (if the investment is sound) which then increases the purchasing power and thus increases consumption. Yes. Capitalism is cool!
I didn't read the context, but this cool mechanism is being effectively anihilated by the feds easing. I was describing a free market of money which bitcoin is a part of. Not the centrally planned money system that rules the world today. |
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molecular
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Activity: 2772
Merit: 1019
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October 21, 2013, 09:00:14 PM |
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You are forgetting an important dynamic: Interest rates. When consumption falls, savings rise and there are thus more money to be lent out. That means that the supply of money for loans rises and the price for loans fall which is the same as the interest rate falling. That means that it becomes more attractive to invest with borrowed money and this increases efficiency (if the investment is sound) which then increases the purchasing power and thus increases consumption. Yes. Capitalism is cool!
I didn't read the context, but this cool mechanism is being effectively anihilated by the feds easing. => we do not have capitalism any longer in the United States. exactly. and yet you will have people shouting "Capitalism has failed, see where it got us. Now we need...". It sucks. |
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gizmoh
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Activity: 1428
Merit: 1000
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October 21, 2013, 09:00:25 PM |
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im glad i have been all in for a while, but boy am i getting worried that this will reverse soon!
Same, i'm looking at the depths. big ask walls ahead on both gox and stamp. Maybe a bigger correction is coming, if it doesn't go higher in the next 24hours, it will probably go down and shake weak hands. All of the alts in the top 10 marketcap are taking a dive. http://coinmarketcap.com/Does this typically precede a correction? When btc price explodes, panic is amplified to altcoins price, especially with noobs and trollbox at btc-e. |
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ChartBuddy
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Activity: 2352
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 21, 2013, 09:02:08 PM |
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Wary
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October 21, 2013, 09:10:36 PM |
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Volume is high, Gox is making a good money. Difference with stamp is 6.6%. Is it becoming solvent again?
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gizmoh
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Activity: 1428
Merit: 1000
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October 21, 2013, 09:24:25 PM |
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Volume is high, Gox is making a good money. Difference with stamp is 6.6%. Is it becoming solvent again?
I doubt it. High volume can't mean all those buyers are arbing..Most withdrawals are still pending except a few lucky folks getting Euro transfer only. |
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DougTanner
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October 21, 2013, 09:25:03 PM |
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Volume is high, Gox is making a good money. Difference with stamp is 6.6%. Is it becoming solvent again?
I'm still waiting on a 2-month withdrawal, so... no. |
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mah87
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Activity: 756
Merit: 500
-Bitcoin & Ripple-
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October 21, 2013, 09:36:46 PM |
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It's gonna crash
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DougTanner
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October 21, 2013, 09:51:16 PM |
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China wants to go higher.   |
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rudrigorc2
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Activity: 1064
Merit: 1000
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October 21, 2013, 10:24:30 PM |
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1134 CNY, China is slowly waking up. 1200 by midday? Will btcchina catch up with gox or can we wait something more drastic? Cant wait, cant wait..
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hlynur
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October 21, 2013, 10:49:01 PM |
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It's gonna crash
and ripple goes to the moon, right? |
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wachtwoord
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Activity: 2338
Merit: 1136
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October 21, 2013, 10:50:08 PM |
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It's gonna crash
and ripple goes to the moon, right? Well during the day the moon is under the floor ... |
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mah87
Donator
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Activity: 756
Merit: 500
-Bitcoin & Ripple-
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October 21, 2013, 11:14:12 PM |
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It's gonna crash
and ripple goes to the moon, right? Yes probably, but in few months.It's hard to think about crypto-currencies without ripple. By the way do you know that ripple network through google wallet allows you to buy some bitcoin through credit cart ? credit card => xrp => btc. Doable on https://peercover.com It has been released today so be nice  Interesting isn't it ?? |
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yefi
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Activity: 2842
Merit: 1511
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October 21, 2013, 11:16:09 PM |
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It's gonna crash
and ripple goes to the moon, right? Well during the day the moon is under the floor ... Bit of a fail on astronomy there  |
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mah87
Donator
Hero Member
Offline
Activity: 756
Merit: 500
-Bitcoin & Ripple-
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October 21, 2013, 11:18:07 PM |
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It's gonna crash
and ripple goes to the moon, right? Well during the day the moon is under the floor ... Ripple is open source since only one month Big things are coming ! |
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DougTanner
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October 21, 2013, 11:23:05 PM |
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China at 1142 (187.44 USD), still no movements on the other exchanges?   |
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spooderman
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Activity: 1652
Merit: 1029
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October 21, 2013, 11:24:51 PM |
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180 by Friday  |
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derpinheimer
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Activity: 896
Merit: 1000
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October 21, 2013, 11:28:23 PM |
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China at 1142 (187.44 USD), still no movements on the other exchanges? Would you expect all exchanges to rally if BTC-E went to $200 right this second? I wouldnt. So dont expect the same from China. |
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byronbb
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Activity: 1414
Merit: 1000
HODL OR DIE
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October 22, 2013, 12:01:31 AM |
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 Dat wall. |
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hlynur
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October 22, 2013, 12:09:12 AM |
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It's gonna crash
and ripple goes to the moon, right? Yes probably, but in few months.It's hard to think about crypto-currencies without ripple. By the way do you know that ripple network through google wallet allows you to buy some bitcoin through credit cart ? credit card => xrp => btc. Doable on https://peercover.com It has been released today so be nice Interesting isn't it ?? huh, well didn't know that, call me surprised...will follow news about ripple a bit more attentive from now on. but personally, i don't like data kraken google being directly involved in any of my online financial stuff. (sounds like a very bad mix) |
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