N12
Donator
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Activity: 1610
Merit: 1011
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November 28, 2014, 05:40:52 PM |
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Do you guys seriously believe there is significant commerce in Bitcoin besides drugs and gambling?
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coinableS
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Activity: 1442
Merit: 1191
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November 28, 2014, 05:42:39 PM |
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"The required retailer dump" I lol'd.
Yea apparently people believe new consumers buy and retailers sell on exchanges like finex and huobi to save money on overstock... LOL Bitpay and Coinbase have never drove the prices. Stamp, huobi, finex, and other exchanges drive the prices. |
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magicmexican
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November 28, 2014, 05:42:43 PM |
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Could it be it? The bus to 400$? Get in fast.
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LFC_Bitcoin
Diamond Hands
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Activity: 3976
Merit: 11712
#1 VIP Crypto Casino
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November 28, 2014, 05:44:04 PM |
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Could it be it? The bus to 400$? Get in fast.
This. Quick people, buy. |
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NotLambchop
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November 28, 2014, 05:44:08 PM |
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And this, kids, is how rallies start   |
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gentlemand
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Activity: 2604
Merit: 3089
Welt Am Draht
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November 28, 2014, 05:44:18 PM |
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I have no position right now. I am hoping it goes up to $400... I'll short when it settles down and starts to come down a bit on account of the required retailer dump.
Has there ever been a documented sighting of this dump taking place anywhere ever in human history? |
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Newbie1022
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November 28, 2014, 05:45:32 PM |
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Do you guys seriously believe there is significant commerce in Bitcoin besides drugs and gambling?
Some. Remember how thin the order books are, too, in relation to the total number of BTCs held. Less than .1% of all Bitcoins being dumped by a retailer has a substantial impact on the price. Your argument isn't illogical, but it is incomplete. |
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coinableS
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Activity: 1442
Merit: 1191
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November 28, 2014, 05:46:13 PM |
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And this, kids, is how rallies start Looks about right to me  |
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FeedbackLoop
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November 28, 2014, 05:47:05 PM |
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Do you guys seriously believe there is significant commerce in Bitcoin besides drugs and gambling?
I would say the Bitcoin users are quite heterogeneous. Anecdote time: I use Bitcoin more and more and never gambled nor bought drugs (not that I oppose people doing any of those things). A lot of people are willing to support Bitcoin simply for ethical motives. We want sound money and are angry at the bloody Fiat fraud. The fact that it's also so powerful at being a means of exchange makes that adoption take off. This is from the simple user/traditional merchant perspective. Bitcoin serves a lot of purposes. |
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NotLambchop
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November 28, 2014, 05:49:13 PM |
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And this, kids, is how rallies start Looks about right to me What exchange/timeframe is that? |
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Fatman3001
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Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
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November 28, 2014, 05:50:10 PM |
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Alright. Have fun losing money you delusional weirdos. Sorry for having an opinion other than BTC is going to $1,000,000,000,000,000,000 and that you all will be space titans.
I would love to be a space titan.... |
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SnokkomBTC
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November 28, 2014, 05:50:54 PM |
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Do you guys seriously believe there is significant commerce in Bitcoin besides drugs and gambling?
I would say the Bitcoin users are quite heterogeneous. Anecdote time: I use Bitcoin more and more and never gambled nor bought drugs (not that I oppose people doing any of those things). A lot of people are willing to support Bitcoin simply for ethical motives. We want sound money and are angry at the bloody Fiat fraud. The fact that it's also so powerful at being a means of exchange makes that adoption take off. This is from the simple user/traditional merchant perspective. Bitcoin serves a lot of purposes. you're right mate |
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JimboToronto
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Activity: 4452
Merit: 5739
You're never too old to think young.
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November 28, 2014, 05:51:00 PM |
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I have no position right now. I am hoping it goes up to $400... I'll short when it settles down and starts to come down a bit on account of the required retailer dump.
Has there ever been a documented sighting of this dump taking place anywhere ever in human history? Is Black Friday observed anywhere other than the USA? Is it really all that big of a thing? Here in Canada we do boxing week between Xmas and New Year's Day. It spreads it out a little. |
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Newbie1022
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November 28, 2014, 05:52:21 PM |
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And this, kids, is how rallies start Looks about right to me What exchange/timeframe is that? Only the space titans have access to those. Magical, imaginary charts for magical, imaginary money purchased by people with magical, imaginary friends. Yes, f--- it... I'm not even going to be reasonable anymore. I'm just going to troll. You bastards have been way too hostile to me for having honest opposing views. F--- you all. |
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Fatman3001
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Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
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November 28, 2014, 05:52:48 PM |
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Do you guys seriously believe there is significant commerce in Bitcoin besides drugs and gambling?
Yes |
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dreamspark
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November 28, 2014, 05:53:04 PM |
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Do you guys seriously believe there is significant commerce in Bitcoin besides drugs and gambling?
Some. Remember how thin the order books are, too, in relation to the total number of BTCs held. Less than .1% of all Bitcoins being dumped by a retailer has a substantial impact on the price. Your argument isn't illogical, but it is incomplete. So by your own logic is it not fair to say that the retailers probably aren't selling their coins into the open market and immediately after getting them. After all it has a substantial impact on price. |
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hdbuck
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Activity: 1260
Merit: 1002
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November 28, 2014, 05:53:09 PM |
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Do you guys seriously believe there is significant commerce in Bitcoin besides drugs and gambling?
Yes nope |
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podyx
Legendary
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Activity: 2338
Merit: 1035
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November 28, 2014, 05:54:03 PM |
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We are at $5 billion market cap
Of course there is no "significant" commerce except for drugs... yet.
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dreamspark
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November 28, 2014, 05:54:15 PM |
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I have no position right now. I am hoping it goes up to $400... I'll short when it settles down and starts to come down a bit on account of the required retailer dump.
Has there ever been a documented sighting of this dump taking place anywhere ever in human history? Is Black Friday observed anywhere other than the USA? Is it really all that big of a thing? Here in Canada we do boxing week between Xmas and New Year's Day. It spreads it out a little. For some reason it seems the UK has adopted Americas retarded tradition. Cue my social media feeds being bombarded with videos of fighter shopping. Black friday is everything that is wrong with the world compressed into 1 day. |
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LFC_Bitcoin
Diamond Hands
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Activity: 3976
Merit: 11712
#1 VIP Crypto Casino
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November 28, 2014, 05:54:21 PM |
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I have no position right now. I am hoping it goes up to $400... I'll short when it settles down and starts to come down a bit on account of the required retailer dump.
Has there ever been a documented sighting of this dump taking place anywhere ever in human history? Is Black Friday observed anywhere other than the USA? Is it really all that big of a thing? Here in Canada we do boxing week between Xmas and New Year's Day. It spreads it out a little. The UK has started to embrace it the last year or two. I've seen videos of people fighting over TV's etc today in supermarkets. I'm 27 & this is the first year I've seen stuff like that here. |
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