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dissident
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January 08, 2014, 05:55:13 PM |
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Something my father fails to understand... nothing goes up forever constantly. When something sells off, it's not some grand conspiracy by manipulators... stop being so greedy. Bots have as much right to be there as any other speculator trying to 'cash in' on ever increasing prices of bitcoin, and by that very nature they undermine it's use as a currency, because nobody is going to use something as a currency that fluctuates 10-20% on any given day. Wanting bitcoin to go to $10,000 is a greedy, selfish desire that does nothing to further crypto currencies... honest people can at least admit this and not hide behind this guise of wanting to 'escape the corrupt fiat system' or anything like that. Good day profit mongers.  |
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empoweoqwj
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January 09, 2014, 02:38:18 AM |
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Something my father fails to understand... nothing goes up forever constantly. When something sells off, it's not some grand conspiracy by manipulators... stop being so greedy. Bots have as much right to be there as any other speculator trying to 'cash in' on ever increasing prices of bitcoin, and by that very nature they undermine it's use as a currency, because nobody is going to use something as a currency that fluctuates 10-20% on any given day. Wanting bitcoin to go to $10,000 is a greedy, selfish desire that does nothing to further crypto currencies... honest people can at least admit this and not hide behind this guise of wanting to 'escape the corrupt fiat system' or anything like that. Good day profit mongers. Completely off-topic |
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AirFlame (OP)
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January 09, 2014, 01:00:19 PM |
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Something my father fails to understand... nothing goes up forever constantly. When something sells off, it's not some grand conspiracy by manipulators... stop being so greedy. Bots have as much right to be there as any other speculator trying to 'cash in' on ever increasing prices of bitcoin, and by that very nature they undermine it's use as a currency, because nobody is going to use something as a currency that fluctuates 10-20% on any given day. Wanting bitcoin to go to $10,000 is a greedy, selfish desire that does nothing to further crypto currencies... honest people can at least admit this and not hide behind this guise of wanting to 'escape the corrupt fiat system' or anything like that. Good day profit mongers. Completely off-topic off-topic ? i will say off-galaxy of earth... Then you increase your fees to cover the user base, which in return would make bots more costly and reduce their use. Most bot programs operate on a small profit margin, but they are making so many trades that small margins add up to be gain. you reduce that margin they lose their big gain. Normal people and trades will barely be effected because they look for larger profit trades over a longer period.
And do You think if fees on Mt.gox will be 0,8% and there will be a way to use bots by API and there will be 0,1% fee on Bitstamp and there will be no way to run bot there. Where do You think people will run ? |
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Isildur23
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January 10, 2014, 06:56:57 PM |
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ye, bots you may call them, trolls or just clueless
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Ties are a prison for the soul...
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htspringer
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Activity: 86
Merit: 10
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January 10, 2014, 07:13:07 PM |
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A perspective must be maintained. Bitcoin has gained over 100 dollars per coin since January 1. If that pattern continues linearly for this year, bitcoin will be worth over $4,500 by the end of the year.
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Ilanoh
Member
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Activity: 83
Merit: 10
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January 10, 2014, 10:17:09 PM
Last edit: January 10, 2014, 10:34:58 PM by Ilanoh |
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And with that you need to take account that in 2.4 days, you'll see an increase in difficulty of nearly 30%. That will be necessarily be taking into account by miners, as it will make their profit drop if they don't decide to boycott the market under a given btc/usd price. By boycotting I mean, enter into the market at a higher price than now, and since all the miners will do that, it will create an equilibrium greater than now, because non-mining seller tend to price there bitcoin to the high not to the low... Supply has a greater influence than demand in bitcoin economy, since the main purpose of bitcoin is to transfer money from a person A to a person B. A and B don't give a damn shit how much he buys/sell btc, since they just want the damn money to go from A to B, without gov and banks to fuck them half the amount.
In this economy everyone wants the price to go up. Speculators, bitcoin holder, businesses, miners...
The only problem is that a fear of future liquidity crises will led price to go down.
If you know that the liquidity crises is here, you won't bother sell something that is lost.
And people need to know that this fear of future liquidity crises is absolut BS, because, let assume it was possible, then the one who has the power and interest to do it, would do it, and would not show bullshit redflags about it (redflags that let you believe the liquidity crisis will happen).
And if you tell me that the redflags come from the market and not the menace, then it means you are already in the process of fear.
Btc cannot be beaten by the gov and banks because of Godel works on systems.
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empoweoqwj
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January 11, 2014, 02:57:59 AM |
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And with that you need to take account that in 2.4 days, you'll see an increase in difficulty of nearly 30%. That will be necessarily be taking into account by miners, as it will make their profit drop if they don't decide to boycott the market under a given btc/usd price. By boycotting I mean, enter into the market at a higher price than now, and since all the miners will do that, it will create an equilibrium greater than now, because non-mining seller tend to price there bitcoin to the high not to the low... Supply has a greater influence than demand in bitcoin economy, since the main purpose of bitcoin is to transfer money from a person A to a person B. A and B don't give a damn shit how much he buys/sell btc, since they just want the damn money to go from A to B, without gov and banks to fuck them half the amount.
In this economy everyone wants the price to go up. Speculators, bitcoin holder, businesses, miners...
The only problem is that a fear of future liquidity crises will led price to go down.
If you know that the liquidity crises is here, you won't bother sell something that is lost.
And people need to know that this fear of future liquidity crises is absolut BS, because, let assume it was possible, then the one who has the power and interest to do it, would do it, and would not show bullshit redflags about it (redflags that let you believe the liquidity crisis will happen).
And if you tell me that the redflags come from the market and not the menace, then it means you are already in the process of fear.
Btc cannot be beaten by the gov and banks because of Godel works on systems.
Who is fearing a liquidity crisis? |
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Kungfucheez
Member
Offline
Activity: 98
Merit: 10
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January 11, 2014, 03:08:19 AM |
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I think we need to rise up against the robots and reclaim humanity for mankind. The cyborgs will enslave the human race and turn the world into one giant scrapyard filled with robot orgies and oil changing parties  |
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Ilanoh
Member
Offline
Activity: 83
Merit: 10
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January 11, 2014, 09:52:14 AM |
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And with that you need to take account that in 2.4 days, you'll see an increase in difficulty of nearly 30%. That will be necessarily be taking into account by miners, as it will make their profit drop if they don't decide to boycott the market under a given btc/usd price. By boycotting I mean, enter into the market at a higher price than now, and since all the miners will do that, it will create an equilibrium greater than now, because non-mining seller tend to price there bitcoin to the high not to the low... Supply has a greater influence than demand in bitcoin economy, since the main purpose of bitcoin is to transfer money from a person A to a person B. A and B don't give a damn shit how much he buys/sell btc, since they just want the damn money to go from A to B, without gov and banks to fuck them half the amount.
In this economy everyone wants the price to go up. Speculators, bitcoin holder, businesses, miners...
The only problem is that a fear of future liquidity crises will led price to go down.
If you know that the liquidity crises is here, you won't bother sell something that is lost.
And people need to know that this fear of future liquidity crises is absolut BS, because, let assume it was possible, then the one who has the power and interest to do it, would do it, and would not show bullshit redflags about it (redflags that let you believe the liquidity crisis will happen).
And if you tell me that the redflags come from the market and not the menace, then it means you are already in the process of fear.
Btc cannot be beaten by the gov and banks because of Godel works on systems.
Who is fearing a liquidity crisis? You seem to forget that prices went down to 600 2 months ago |
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Hashcesar84
Newbie
Offline
Activity: 56
Merit: 0
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January 11, 2014, 04:11:43 PM |
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It is only me that see bots selling 1btc all the time on Mt.Gox to start people panic and make them selli the BTC ?
bots can't make price go down.. just 10+ 10- no worrys buddy! |
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empoweoqwj
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January 12, 2014, 02:35:58 AM |
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And with that you need to take account that in 2.4 days, you'll see an increase in difficulty of nearly 30%. That will be necessarily be taking into account by miners, as it will make their profit drop if they don't decide to boycott the market under a given btc/usd price. By boycotting I mean, enter into the market at a higher price than now, and since all the miners will do that, it will create an equilibrium greater than now, because non-mining seller tend to price there bitcoin to the high not to the low... Supply has a greater influence than demand in bitcoin economy, since the main purpose of bitcoin is to transfer money from a person A to a person B. A and B don't give a damn shit how much he buys/sell btc, since they just want the damn money to go from A to B, without gov and banks to fuck them half the amount.
In this economy everyone wants the price to go up. Speculators, bitcoin holder, businesses, miners...
The only problem is that a fear of future liquidity crises will led price to go down.
If you know that the liquidity crises is here, you won't bother sell something that is lost.
And people need to know that this fear of future liquidity crises is absolut BS, because, let assume it was possible, then the one who has the power and interest to do it, would do it, and would not show bullshit redflags about it (redflags that let you believe the liquidity crisis will happen).
And if you tell me that the redflags come from the market and not the menace, then it means you are already in the process of fear.
Btc cannot be beaten by the gov and banks because of Godel works on systems.
Who is fearing a liquidity crisis? You seem to forget that prices went down to 600 2 months ago I was asking a simple question? Just looking for a simple answer. |
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