nidhogg1
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Activity: 31
Merit: 0
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May 19, 2014, 03:32:01 PM |
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This dumper is clever, he knows BTC is worthless and USD talks. Who in their right mind would sell 500 BTC batches for 450 when their value is at least 10 billion dollars, right?
BTC is worth as much as people are willing to pay for it. Hypothetical values mean nothing. Besides, if you hold several batches of 500 BTC there are much better investments that can be made rather then holding bitcoins for several years hoping it will burst in price. Time is money and currently, BTC is a waste of time. |
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aminorex
Legendary
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Activity: 1596
Merit: 1030
Sine secretum non libertas
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May 19, 2014, 03:32:31 PM |
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If fiat falls, bitcoin will fall too. Count on it
Agreed. But BTC will have fundamental utility value, so it's market value will recover. Fiat, not so much. |
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Tzupy
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Activity: 2170
Merit: 1094
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May 19, 2014, 03:34:15 PM |
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... Could it have been really phyiscal limits, or was it an agreement among the manufacturers to stop that competition, for their common interest? ...
Real physical and economical limits, TDP had grown until reached a ceiling, and shrinking of process technologies becoming increasingly expensive. |
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JorgeStolfi
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May 19, 2014, 03:41:13 PM |
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... Could it have been really phyiscal limits, or was it an agreement among the manufacturers to stop that competition, for their common interest? ...
Real physical and economical limits, TDP had grown until reached a ceiling, and shrinking of process technologies becoming increasingly expensive. Yeah, that was a very good excuse, wasn't it?  |
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aminorex
Legendary
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Activity: 1596
Merit: 1030
Sine secretum non libertas
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May 19, 2014, 03:50:21 PM |
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... not resolved is the concentration of mining ... Will bitcoin mining continue to be a free market?
No. Another coin will replace bitcoin for some applications, which coin preserves decentrality. It will offer enhanced privacy features as well. It will take at least a year, more likely two or three, for a clear successor to differentiate itself from its competitors and establish a network adequate to the task. Centralization is not generally a concern for speculators, nor indeed for most currency applications; for other use-cases where it is an issue, bitcoin will move aside and another cryptocurrency will take its place. |
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ChartBuddy
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Activity: 2352
Merit: 1811
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 19, 2014, 04:00:41 PM |
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RandomPedestrianN9
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Activity: 84
Merit: 10
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May 19, 2014, 04:12:49 PM |
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You think bitcoin will crash then?
Nonsense, Bitcoin is the future, nothing can and nothing will replace its unique value. |
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Cassius
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Activity: 1764
Merit: 1031
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May 19, 2014, 04:16:35 PM |
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You also missed an apostrophe in your earlier post. Most unlike you; perhaps you are tired today.
Heavy use of opiates past couple of weeks. Still recovering from damage taken. Thumb typing in bed. Commiserations. Financial modelling is more hazardous than I had appreciated. |
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tuneman1980
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May 19, 2014, 04:19:01 PM |
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I'm optimistic about impact of the Fed's new report. Federal Reserve: Bitcoin Potential 'Boon' for Global Commerce http://coinde.sk/1ki5Zeh |
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El Cabron
Gnomo
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Activity: 840
Merit: 1000
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May 19, 2014, 04:35:48 PM |
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I'm optimistic about impact of the Fed's new report. Federal Reserve: Bitcoin Potential 'Boon' for Global Commerce http://coinde.sk/1ki5Zeh lol its a good report but your quote is a bit misleading. edit: i just noticed 15 mins passed from the time he posted to when i posted. more than enough time to read the link. where are the days where you have to post 4 or 5 times cuz others beat you to it? wtf? |
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JorgeStolfi
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May 19, 2014, 04:36:38 PM |
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I'm optimistic about impact of the Fed's new report. Federal Reserve: Bitcoin Potential 'Boon' for Global Commerce http://coinde.sk/1ki5Zeh They must have asked a bitcoin believer to write that section; it could have been a Coindesk article. What about altcoins, for one thing? Why should volatlity decrease? I am curious about the statement the use of Bitcoin to transmit funds out of Cyprus post bailout I wonder how that worked out exactly? How would someone with euros in a Cyprus bank use bitcoin to move the money to a bank outside Cyprus? |
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BRADLEYPLOOF
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May 19, 2014, 04:43:26 PM |
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I'm optimistic about impact of the Fed's new report. Federal Reserve: Bitcoin Potential 'Boon' for Global Commerce http://coinde.sk/1ki5Zeh lol its a good report but your quote is a bit misleading. edit: i just noticed 15 mins passed from the time he posted to when i posted. more than enough time to read the link. where are the days where you have to post 4 or 5 times cuz others beat you to it? wtf? Well, I think a lot of the trolls and uber-bears moved to their own forum, thus reducing the amount of negative / bearish / trolling posts thrown up after a reasonable comment... |
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latoxine
Newbie
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Activity: 51
Merit: 0
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May 19, 2014, 04:45:52 PM |
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Do you know a good web site where you can find crypto news ? ( bad and good news ) Like coindesk but impartial ?
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meanig
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May 19, 2014, 04:47:13 PM |
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I am curious about the statement the use of Bitcoin to transmit funds out of Cyprus post bailout I wonder how that worked out exactly? How would someone with euros in a Cyprus bank use bitcoin to move the money to a bank outside Cyprus? Simple, all you had to do was find someone in Cyprus with bitcoins who was willing to swap them for Cypriot bank credit. Euro IOUs were still exchangeable between Cypriot banks during the capital controls period. |
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aminorex
Legendary
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Activity: 1596
Merit: 1030
Sine secretum non libertas
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May 19, 2014, 04:49:50 PM |
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... not resolved is the concentration of mining ... Will bitcoin mining continue to be a free market?
No. Another coin will replace bitcoin for some applications, which coin preserves decentrality. It will offer enhanced privacy features as well. It will take at least a year, more likely two or three, for a clear successor to differentiate itself from its competitors and establish a network adequate to the task. Centralization is not generally a concern for speculators, nor indeed for most currency applications; for other use-cases where it is an issue, bitcoin will move aside and another cryptocurrency will take its place. You think bitcoin will crash then? Only as it always does, as part of the hype cycle, only to rise another order of magnitude on the next cycle. I suspect BTC will still be gaining value long after I've moved into a privacy-enhanced successor coin. |
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ChartBuddy
Legendary
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Activity: 2352
Merit: 1811
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 19, 2014, 05:00:41 PM |
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conspirosphere.tk
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Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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May 19, 2014, 05:05:05 PM |
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Why should volatlity decrease?
because maybe it's the FED itself who is manipulating the price in a flat narrow band? Alternatively, it must be someone else. Any guess on who/why? |
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eat_more_fruit
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Activity: 25
Merit: 0
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May 19, 2014, 05:08:38 PM |
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I'm optimistic about impact of the Fed's new report. Federal Reserve: Bitcoin Potential 'Boon' for Global Commerce http://coinde.sk/1ki5Zeh They must have asked a bitcoin believer to write that section Ah, I get it. Not even a report from the Federal Advisory Council and Board of Governors of the US Fed counts to you as a good source. The Fed puts on record conclusions that people in the know like you consider premature and influenced by amateurs. EDIT: wording. |
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