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fallinglantern
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November 07, 2013, 06:24:50 PM |
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It's going down.
And it's not stopping....  |
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Xer0
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November 07, 2013, 06:25:44 PM |
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!!!! Subway! 10% discount! Is this real?  only in Russia  |
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Spaceman_Spiff
Legendary
 Offline
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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November 07, 2013, 06:27:13 PM |
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There is a bit of a built-in conflict in these two requirements. To be useful in the $60 trillion global economy, the quatloo must be issued in size: there must be enough of it around to grease transactions large and small in all sorts of markets. Using the U.S. dollar as a guide (since the USD is the primary reserve currency), we can estimate that a minimum of $1 trillion in quatloos would be needed to become a practical global currency.
To act as a reserve currency, another trillion or two would be needed, as nations would hold these quatloos as reserves. (Nations hold an estimated $7 trillion in USD reserves, about $3 trillion euros and $1 trillion or so in yen, pounds and other currencies.)
But issuing quatloos in these quantities would remove any scarcity value. Thus the issuer of the quatloo would have to carefully issue more quatloos only when demand justified the need for more monetary "grease" for the global economy. They have no idea how bitcoin works. Lol at they thinking that you must "create" new money to have enough of them, their brain still don't know the concept of "more digits after the decimal point". Lol at the fact that an "issuer" must exists Jezus christ. -10 respect credits for Charles Hugh Smith. And I already lost a lot of respect for zerohedge (a very funny post is this one: http://www.zerohedge.com/news/2013-10-28/all-you-need-know-about-how-broken-social-media-14-bombastic-headlines , compare the headlines in this joke to zerohedges own post titles the past year....) |
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demontn
Member
Offline
Activity: 118
Merit: 10
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November 07, 2013, 06:27:50 PM |
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It's going down.
And it's not stopping.... |
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barbs
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November 07, 2013, 06:29:36 PM |
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fell for the last bear shakeout and lost .6 btc. hanging in through this one. i've learned after 8 months in this game.
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mccorvic
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November 07, 2013, 06:30:57 PM |
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I love bears. The second the price goes down a tad they all post "BUBBLE BUBBLE" and disappear as soon as it goes up again.  |
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BRADLEYPLOOF
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November 07, 2013, 06:31:13 PM |
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fell for the last bear shakeout and lost .6 btc. hanging in through this one. i've learned after 8 months in this game.
So, you're not going to fall for this bear trap? Bummer, I wanted your BTC on the cheap and easy...like a Las Vegas stripper... |
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Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
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November 07, 2013, 06:31:26 PM |
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Bulls love to shake some bears out of their tree. |
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gambitv
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November 07, 2013, 06:32:35 PM |
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fell for the last bear shakeout and lost .6 btc. hanging in through this one. i've learned after 8 months in this game.
Did you notice the recent high of: 324.20? I missed it. Too busy watching that IBM Finance Exec video on bitcoin. |
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samson
Legendary
Offline
Activity: 2097
Merit: 1070
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November 07, 2013, 06:33:40 PM |
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fell for the last bear shakeout and lost .6 btc. hanging in through this one. i've learned after 8 months in this game.
Did you notice the recent high of: 324.20? I missed it. Too busy watching that IBM Finance Exec video on bitcoin. Where can this video be watched ? |
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Sitarow
Legendary
Offline
Activity: 1792
Merit: 1047
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November 07, 2013, 06:33:57 PM |
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gandhibt
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November 07, 2013, 06:34:01 PM |
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Lots of weak hands giving bitcoins away... decent price, but after few months when you look back these prices are cheap.
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phantastisch
Legendary
Offline
Activity: 2271
Merit: 1363
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November 07, 2013, 06:34:19 PM |
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*shake,shake,shake*
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hlynur
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November 07, 2013, 06:36:30 PM |
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fell for the last bear shakeout and lost .6 btc. hanging in through this one. i've learned after 8 months in this game.
Did you notice the recent high of: 324.20? I missed it. Too busy watching that IBM Finance Exec video on bitcoin. Where can this video be watched ? |
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mb300sd
Legendary
Offline
Activity: 1260
Merit: 1000
Drunk Posts
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November 07, 2013, 06:38:11 PM |
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*shake,shake,shake*
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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November 07, 2013, 06:38:54 PM |
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lol crazy
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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November 07, 2013, 06:39:23 PM |
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china will soon break its ATH
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BitchicksHusband
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November 07, 2013, 06:42:43 PM |
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china will soon break its ATH
china seems to wake up in about 8 hours from now... Doesn't that happen every day now? |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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November 07, 2013, 06:43:05 PM |
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china will soon break its ATH
china seems to wake up in about 8 hours from now... i think it will break its ath tonight.. |
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