Hunyadi
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May 16, 2014, 07:49:47 AM |
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I think it is very good thing. For sure there is demand for that kind of service. I hope it is super easy to use.
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600watt
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Activity: 2338
Merit: 2106
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May 16, 2014, 07:53:20 AM |
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has there ever been an asset where almost every participant sooner or later turns into a walking pr-machine in the same way bitcoin does it for its community members ? one million bitcoin holders all telling it to grandma & friends; all those developers working on new layers (how many are there - thousands ?) all the vc money pouring in the last 12 months, despite of one of the longest downtrends in btc history. almost every central bank in the world has issued statements, tons of government agencies are watching it, struggling for regulation. an asset with this tiny tiny market cap of just 5 billion is constantly in the headlines, causing raised eyebrows throughout the governments/banks/investment funds/venture capital firms of the entire planet - has there ever been anything like that before ? just sit back for a moment and grasp what has been achieved so far. a disruptive technology combined with an uncounted number enthusiasts/nutters stampeding through the forums, choo choo ing on every hick-up dwarfing the sheer cheering potential of even the goldbugs... p2p, decentralized, money, internet, global AND already beating every fucking other asset that exists. 5 billion is dust compared to the figures of global trade, financial assets/investments, internet trade, etc, etc - literally less than a some flies shit in a zoo - but still you have central banks of G8 (oh wait - it is G 7 now ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) ) members coming out with statements like this: As they do with platform-based digital currencies, central banks are studying and closely monitoring decentralized digital currencies such as Bitcoin. There could be potential risks to overall financial stability if Bitcoin became a signifi cant means of payment and the Bitcoin system remained unstable http://www.bankofcanada.ca/wp-content/uploads/2014/05/boc-review-spring14-fung.pdfin my opinion even the bears play an important role in delivering the bitcoin evangelium to the potential masses: if all would be only cheering, plenty of new potential investors (even small scale) wouldn´t take this community serious. it is the critical bears talk who is appealing to those (before they get sucked in ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) ) bitcoin is on a winning streak. even today at 445...
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ChartBuddy
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Merit: 1799
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 16, 2014, 08:00:48 AM |
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JorgeStolfi
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 16, 2014, 08:03:55 AM |
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Huobi is weird, sometimes 10-15 minutes without reporting a trade and then suddenly retroatively reports some large trades and order book changed completely then freezes again.
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JayJuanGee
Legendary
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Activity: 3808
Merit: 10728
Self-Custody is a right. Say no to"Non-custodial"
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May 16, 2014, 08:12:07 AM |
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has there ever been an asset where almost every participant sooner or later turns into a walking pr-machine in the same way bitcoin does it for its community members ? one million bitcoin holders all telling it to grandma & friends; all those developers working on new layers (how many are there - thousands ?) all the vc money pouring in the last 12 months, despite of one of the longest downtrends in btc history. almost every central bank in the world has issued statements, tons of government agencies are watching it, struggling for regulation. an asset with this tiny tiny market cap of just 5 billion is constantly in the headlines, causing raised eyebrows throughout the governments/banks/investment funds/venture capital firms of the entire planet - has there ever been anything like that before ? just sit back for a moment and grasp what has been achieved so far. a disruptive technology combined with an uncounted number enthusiasts/nutters stampeding through the forums, choo choo ing on every hick-up dwarfing the sheer cheering potential of even the goldbugs... p2p, decentralized, money, internet, global AND already beating every fucking other asset that exists. 5 billion is dust compared to the figures of global trade, financial assets/investments, internet trade, etc, etc - literally less than a some flies shit in a zoo - but still you have central banks of G8 (oh wait - it is G 7 now ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) ) members coming out with statements like this: As they do with platform-based digital currencies, central banks are studying and closely monitoring decentralized digital currencies such as Bitcoin. There could be potential risks to overall financial stability if Bitcoin became a signifi cant means of payment and the Bitcoin system remained unstable http://www.bankofcanada.ca/wp-content/uploads/2014/05/boc-review-spring14-fung.pdfin my opinion even the bears play an important role in delivering the bitcoin evangelium to the potential masses: if all would be only cheering, plenty of new potential investors (even small scale) wouldn´t take this community serious. it is the critical bears talk who is appealing to those (before they get sucked in )bitcoin is on a winning streak. even today at 445... Thank you, bears!!!!!!!!!! ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) Sorry. I am getting emotional. ![Cry](https://bitcointalk.org/Smileys/default/cry.gif)
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TERA
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 16, 2014, 08:14:35 AM |
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It seems like the chart of Huobi and OKcoin are exactly the same, down to a very fine detail. Same volume too. I wonder how they do that.
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JorgeStolfi
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 16, 2014, 08:23:33 AM |
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has there ever been an asset where almost every participant sooner or later turns into a walking pr-machine in the same way bitcoin does it for its community members ?
Yes, pyramid schemes usually have that effect. Those who invested will only make money if more people invest (and hold) so that the price goes up so that they can sell with profit. You don't see people who bought Apple or Google stock pestering everyone in sight to buy too. Real investors know that other real investors do not pay attention to hype, they look for fundamentals. As for "increasing adoption", do not see it in the blockchain: https://blockchain.info/charts/estimated-transaction-volumehttps://blockchain.info/charts/n-transactionsAlso this chart seems to say that the bitcoin system currently costs 30 USD per transaction: https://blockchain.info/charts/cost-per-transactionThe cost of running the system is currently hidden in the inflation caused by mining, but in the long run will have to be paid by users as transaction fees. If the numbers above are correct, bitcoin will be inviable for payments below 1000 USD.
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bitcoinsrus
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 16, 2014, 08:25:39 AM |
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has there ever been an asset where almost every participant sooner or later turns into a walking pr-machine in the same way bitcoin does it for its community members ?
Yes, pyramid schemes usually have that effect. Those who invested will only make money if more people invest (and hold) so that the price goes up so that they can sell with profit. You don't see people who bought Apple or Google stock pestering everyone in sight to buy too. Real investors know that other real investors do not pay attention to hype, they look for fundamentals. As for "increasing adoption", do not see it in the blockchain: https://blockchain.info/charts/estimated-transaction-volumehttps://blockchain.info/charts/n-transactionsAlso this chart seems to say that the bitcoin system currently costs 30 USD per transaction: https://blockchain.info/charts/cost-per-transactionThe cost of running the system is currently hidden in the inflation caused by mining, but in the long run will have to be paid by users as transaction fees. If the numbers above are correct, bitcoin will be inviable for payments below 1000 USD. wow great info and you brought up things I never thought about thanks
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TERA
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 16, 2014, 08:27:21 AM |
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has there ever been an asset where almost every participant sooner or later turns into a walking pr-machine in the same way bitcoin does it for its community members ?
Yes, pyramid schemes usually have that effect. Those who invested will only make money if more people invest (and hold) so that the price goes up so that they can sell with profit. You don't see people who bought Apple or Google stock pestering everyone in sight to buy too. Real investors know that other real investors do not pay attention to hype, they look for fundamentals. As for "increasing adoption", do not see it in the blockchain: https://blockchain.info/charts/estimated-transaction-volumehttps://blockchain.info/charts/n-transactionsAlso this chart seems to say that the bitcoin system currently costs 30 USD per transaction: https://blockchain.info/charts/cost-per-transactionThe cost of running the system is currently hidden in the inflation caused by mining, but in the long run will have to be paid by users as transaction fees. If the numbers above are correct, bitcoin will be inviable for payments below 1000 USD. Because growing btc adoption is more than just about increasing the price and making money; it is about building a world with economic freedom and an advanced programmable payments technology.
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TERA
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 16, 2014, 08:40:50 AM |
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My new view of the market: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FK8TZW8T.png&t=665&c=3TRAa2UWgg3Oxw) I wouldn't be suprised to see flat for an entire year.
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ChartBuddy
Legendary
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 16, 2014, 09:00:46 AM |
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spooderman
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May 16, 2014, 09:07:05 AM |
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we r in teh 300k blocks now! Time to go manstrum!
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Kupsi
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9.9.2012: I predict that single digits... <- FAIL
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May 16, 2014, 09:11:54 AM Last edit: May 16, 2014, 09:46:40 AM by Kupsi |
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I believe someone in this thread should watch this video https://www.youtube.com/watch?v=qHUPPYzzZrI
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octaft
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May 16, 2014, 09:17:46 AM |
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First of all, my opinion is not on bitcoin, strictly on its price. Second, I agree that crypto will revolutionize the finances. Just decided not to buy bitcoin atm, is all ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) . BTW, I am not trying to write some manifesto on my personal investing philosophy. Somebody asked why the price falling without any bad news. I tried to answer as a representative of people having money put aside for high risk investments and being able to buy btc instantly, but nevertheless not buying them atm. WTF? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) I had been attempting to give you the benefit of the doubt in my various responses to you, and now you are talking like a fool. I do NOT usually like to preach to anyone, but your recent responses seem to merit some preaching. If you are prepared to make various investments into potentially risky asset classes, then do that with bitcoin - rather than sitting on the sidelines and getting caught up by the price... fuck the price.. This bitcoin matter is NOT a religion, so get that out of your head.. b/c if you believe that people who are investing in BTC are lured in to some kind of religious perspective, you are deluded and failing to see reality and oversimplifying based on FUD. If you have been learning about bitcoin in recent months and seriously considering bitcoin as a potential investment (rather than trolling us like some fool, like Jorge, and maybe there are a few others that fit into that category), then you should realize that you do NOT have to buy a whole bitcoin. Buy a fucking fraction of a bitcoin, such as .1BTC or some other level that is comfortable for you. If you are seriously considering the relative value of bitcoin as compared with other investments, such as penny stocks, you should at least recognize that you will learn more about bitcoin by going through the process of putting a little skin into the game and buying some small amount. If you believe that .1BTC is too much for you and you believe the price could drop more, then buy .05BTC or some smaller amount and wait it out. Maybe you will be correct and the price will drop. On the other hand, the odds seem to be that the price is NOT dropping much more and it is more likely to go up from here within the next few hours or months (we cannot know exactly when, but it seems more likely to go up rather than to go down). In sum, I am suggesting in a nice way that you just get involved a little bit more than you are, rather than seeming to preach and judge us from some sideline idiotic perspective. The farce and idiocy of Jorge and his ilk is to invest so much time into learning about bitcoin, and NOT to put a little bit of skin into the game based on some high falutin perspective that you are above bitcoin. There's no reason to call him names just because he presented his opinion, relatively innocently, I might add. BTW Jorge imo is not trolling. He may turn out to be horribly wrong, but I don't think he is a fool, and I think he honestly believes what he says here. He has a couple trolling posts, but he makes them (I believe purposefully) quite obvious.
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dreamspark
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May 16, 2014, 09:18:29 AM |
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Some substantial support building at around $430 at the moment.
5160 BTC to drop $16.
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dreamspark
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May 16, 2014, 09:35:52 AM |
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Jorge Im still waiting on your reply to this post https://bitcointalk.org/index.php?topic=178336.msg6748692#msg6748692Your very quick to be negative spreading your views which your entitled to do but not so quick to retort to valid points that I'm fairly certain you can't answer. I like hearing some of the things you say but you make these points and when someone refutes them you don't seem to reply and just continue saying the same things people have already debunked.
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soullyG
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 16, 2014, 09:41:05 AM |
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Does anyone know where I can find videos/livestream from the Amsterdam Bitcoin 2014 conference?
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Hunyadi
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May 16, 2014, 09:46:16 AM |
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Jorge Im still waiting on your reply to this post https://bitcointalk.org/index.php?topic=178336.msg6748692#msg6748692Your very quick to be negative spreading your views which your entitled to do but not so quick to retort to valid points that I'm fairly certain you can't answer. I like hearing some of the things you say but you make these points and when someone refutes them you don't seem to reply and just continue saying the same things people have already debunked. There have been already so many jorges. Always with the same arguments. Over and over again...
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YipYip
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May 16, 2014, 09:46:35 AM |
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Don't you know that because price went from 10 to 1000, that it will go from 400 to 40000 just as easily?
And from 40,000 to 4,000,000 just as easily? Yeah, it is exactly the part I am not "getting". Perhaps because I am a mathematician and vaguely remember from school that amount of money in the Universe is finite ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) . But you are just trolling, right? No u are being a troll moron So crypto is @ 100 % saturation @ we have hit a retraction point of all potential market cap Either you are trolling or are stupid Mathematics noob
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dreamspark
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 16, 2014, 09:52:23 AM |
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Jorge Im still waiting on your reply to this post https://bitcointalk.org/index.php?topic=178336.msg6748692#msg6748692Your very quick to be negative spreading your views which your entitled to do but not so quick to retort to valid points that I'm fairly certain you can't answer. I like hearing some of the things you say but you make these points and when someone refutes them you don't seem to reply and just continue saying the same things people have already debunked. There have been already so many jorges. Always with the same arguments. Over and over again... Yep but the difference with this Jorge is he's actually a very intelligent man who you can learn a lot from, but like all academics they don't take kindly to being proven wrong ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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