Bitcoin Forum
May 26, 2017, 11:20:24 AM *
News: Latest stable version of Bitcoin Core: 0.14.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Poll
Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
1.  yes
2.  no

Pages: « 1 ... 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 [685] 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 ... 1559 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 1904030 times)
solex
Legendary
*
Offline Offline

Activity: 1078


100 satoshis -> ISO code


View Profile
October 09, 2014, 07:46:53 PM
 #13681

rocks, Great summary of the historical long-term situation. I agree 100%.

Looking forward now, 20 months to the next halving, the assumption might be that this event is priced in. And should be, but whatever floor is under the price in the run-up to 12.5 btc blocks, will certainly hold, because new money pouring in will then be chasing coins that are unavailable at anything like the current price.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1495797624
Hero Member
*
Offline Offline

Posts: 1495797624

View Profile Personal Message (Offline)

Ignore
1495797624
Reply with quote  #2

1495797624
Report to moderator
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
October 09, 2014, 07:55:13 PM
 #13682

Not saying it did happen,  just saying a  unique condition is in place for them to take advantage. The fact that Ron Glantz & Pantera Capital follow me on Twitter I suppose should be flattering but I remain suspicious of the timing of selloffs with many of my posts.

 Not to mention the somewhat irresponsible price projections and republishing of the $4.2M projection 2d after the selloff and the disappearance of trolls.

Oh well.  
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
October 09, 2014, 08:01:54 PM
 #13683

rocks,  the only thing I'd  say there is that liquidity has been extra tight since gox went down.  The AML/KYC stuff has stopped alot of people from creating accounts. This happened to me until Circle only this last week.

Pantera can presumably see into the order book.  Maybe. They have lots of coin. Would they take advantage of the situation? Who knows.
blaaaaacksuit
Sr. Member
****
Offline Offline

Activity: 280

Who cares?


View Profile
October 09, 2014, 08:07:27 PM
 #13684

You guys are watching this right? http://www.onlinevideoservice.com/clients/cftc/video.htm?eventid=cftclive
Adrian-x
Legendary
*
Offline Offline

Activity: 1358



View Profile
October 09, 2014, 08:10:35 PM
 #13685

...

The problem with dumping BTC to drop the price and buy back lower, is you never know what this price level is where other participants will add in fresh money and raise the price...

It's my view if you're still a big player in the game you're goal is to gain wealth and see Bitcoin succeeded. Dumping to buy back lower is a strategy but not the best growth strategy. From my perch when economic energy is spreading, and an ultimate success criteria is spreading the adoption there is an economic advantage to dump and buy back at a loss if your overall holdings are more valuable even when you have less coins, on the positive side one ends up with energy to affect to price upwards.

Not that this is happening but it's expected to happen either by mistake or by deliberation. The end goal is maximizing adoption on a normal distribution curve.

If this was Pantera, and it could be I hope they're not leveraging over at bitfinex. That's going to add another layer of complexity.


Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
Adrian-x
Legendary
*
Offline Offline

Activity: 1358



View Profile
October 09, 2014, 08:30:33 PM
 #13686

If this was Pantera, and it could be I hope they're not leveraging over at bitfinex. That's going to add another layer of complexity.

You way early guys have you chances at cheap coins, now the wealthy USD guys are using their resources to amass coins - in the end we are all happy - just give it time.

PATIENCE is what Bitcoiners lack.
Up to now I think we all have a chance at cheap coins Smiley as for patients I've managed to hold on to just a little - Bitcoin is a market with ADD.

Hold (just give it time) has been the best strategy, Bitcoin wins but "most in this space will lose money - cypherdoc" ™ holds true. And we're in for more surprises when the incumbents learn how to play.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
Bagatell
Hero Member
*****
Offline Offline

Activity: 721



View Profile
October 09, 2014, 08:40:13 PM
 #13687

incumbents

They who cannot be named..Antonoplous used the term a number of times in his latest video.
Pruden
Sr. Member
****
Offline Offline

Activity: 477

Spanish Bitcoin trader


View Profile
October 09, 2014, 08:42:44 PM
 #13688

I remain suspicious of the timing of selloffs with many of my posts.

Or you could be a terrible daytrader during Bitcoin bear markets.  Grin

(Sorry, it was just too tempting, but may it serve as a humbling reminder that it's the market who is right, not you)
Adrian-x
Legendary
*
Offline Offline

Activity: 1358



View Profile
October 09, 2014, 08:46:34 PM
 #13689

incumbents

They who cannot be named..Antonoplous used the term a number of times in his latest video.
They who have the ability to benefit from the existing fiat system at the expense of the whole, rather to numerous to name.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
YogoH
Sr. Member
****
Offline Offline

Activity: 280


View Profile
October 09, 2014, 08:49:46 PM
 #13690

This CFTC meeting is bullish as fuck!
blaaaaacksuit
Sr. Member
****
Offline Offline

Activity: 280

Who cares?


View Profile
October 09, 2014, 08:50:57 PM
 #13691

This CFTC meeting is bullish as fuck!

Seems like everyone is itching to dump
Melbustus
Legendary
*
Offline Offline

Activity: 1596



View Profile
October 09, 2014, 09:05:26 PM
 #13692

This CFTC meeting is bullish as fuck!


The commissioner's closing remarks were indeed quite positive. He prefaced the following by noting that he considered the Professor's (panelist Houman Shadab) remarks about tying assets to the blockchain quite fascinating. He continued:

Quote
...
And it just seems like based on what I have learned, some of those applications could be so compelling that it would be a real mistake for us as a commission to not make sure we are staying on top of these development's. Not, because we want to do anything other than understand the developments because it seems like this protocol, the Bitcoin protocol or something like it is very, very likely here to stay.
So the more information and education we can do on this now in trying to stay somewhere on the appropriate spot of the learning curve, it seems to be a very sensible thing to do.
So I think that it has been very, very helpful



Edit: And as usual, Jerry Brito nailed it. He dealt with a lot of the really annoying and difficult questions like how to explain the implications of "open source", or "mining", or "is it a currency or commodity" to regulators. I don't envy the job of trying to distill a topic which takes *months* for smart people to understanding into a 30 second summary, on the spot.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
iCEBREAKER
Legendary
*
Offline Offline

Activity: 1680


Crypto is the separation of Power and State.


View Profile WWW
October 10, 2014, 03:03:26 AM
 #13693

The fact that people will manipulate financial markets for fun and profit is evident by the last 100 years of history.  People are in jail for doing so in regulated markets.

Government regulation is the worst form of manipulation.  Only force and fraud should be a reason to jail people.

Have you failed to notice that as regulatory capture deepens, the manipulation gets worse?

The captured regulators you so cherish deserve longer sentences than the more honest criminals who do not act under color of law.

Your domesticated, anti-market attitude is the reason we suffer under TBTF and TBTJ, and the other unintended consequences of forcing the invisible hand.  Enjoy the rotten fruit of your good intentions!   Wink

The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Core GUI - Podcats - Roadmap - Dice - Blackjack - Github - Android }
MoneroForCash.com  |  Buy and sell XMR near you  |  Easymonero.com  |  Bitsquare.io - Decentralized XMR Exchange
Fungibility provides privacy as a side effect.  Adam Back 2014

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


"I believed @Dashpay instamine was a bug & not a feature but then read: https://bitcointalk.org/index.php?topic=421615.msg13017231#msg13017231
I'm not against people making money, but can't support questionable origins."
https://twitter.com/Tone_LLT/status/717822927908024320


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004


Warning Dash is a planned instamine, it wasn't
solex
Legendary
*
Offline Offline

Activity: 1078


100 satoshis -> ISO code


View Profile
October 10, 2014, 03:15:24 AM
 #13694

Alarm bells have got to be ringing on this SNAFU (and a much higher inflation rate imminent)



Federal Reserve balance sheet as a % of GDP

FNG
Hero Member
*****
Offline Offline

Activity: 588


View Profile
October 10, 2014, 03:20:25 AM
 #13695

Alarm bells have got to be ringing on this SNAFU (and a much higher inflation rate imminent)



Federal Reserve balance sheet as a % of GDP
Someone has to prop up the markets  Roll Eyes

I cannot comprehend how confidence has still not been completely lost
iCEBREAKER
Legendary
*
Offline Offline

Activity: 1680


Crypto is the separation of Power and State.


View Profile WWW
October 10, 2014, 04:01:12 AM
 #13696

This CFTC meeting is bullish as fuck!
The commissioner's closing remarks were indeed quite positive. He prefaced the following by noting that he considered the Professor's (panelist Houman Shadab) remarks about tying assets to the blockchain quite fascinating. He continued:

 Shocked  Is there a Tube?  I know Houman from way back and am pleasantly surprised to see him again, in the eye of the Hurricane Bitcoin no less!    Cool Cool Cool

The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Core GUI - Podcats - Roadmap - Dice - Blackjack - Github - Android }
MoneroForCash.com  |  Buy and sell XMR near you  |  Easymonero.com  |  Bitsquare.io - Decentralized XMR Exchange
Fungibility provides privacy as a side effect.  Adam Back 2014

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


"I believed @Dashpay instamine was a bug & not a feature but then read: https://bitcointalk.org/index.php?topic=421615.msg13017231#msg13017231
I'm not against people making money, but can't support questionable origins."
https://twitter.com/Tone_LLT/status/717822927908024320


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004


Warning Dash is a planned instamine, it wasn't
zeetubes
Sr. Member
****
Offline Offline

Activity: 371


View Profile
October 10, 2014, 04:08:57 AM
 #13697

Alarm bells have got to be ringing on this SNAFU (and a much higher inflation rate imminent)



Federal Reserve balance sheet as a % of GDP
Someone has to prop up the markets  Roll Eyes

I cannot comprehend how confidence has still not been completely lost

The bulk of that money is disappearing into the black hole otherwise known as the banks' balance sheets. Which is probably north of $300T so it's only the comparatively smaller chunks that show up in the mainstream economy, causing mild inflation in the US. Some of the inflation that would otherwise show up is being exported courtesy of the Fed, especially to Asia. Frothy real estate markets like Singapore, Shanghai, HK, Sydney are starting to show some cracks at the high end with failed auctions. But high-end art and collectibles are still selling well. Despite what the fed mouthpieces are saying I don't see any way they can end QE(ternity) without a complete collapse, although they may sneak it in via another bs program. I think all we need now is a black swan to really kick things into gear. Ebola?
zeetubes
Sr. Member
****
Offline Offline

Activity: 371


View Profile
October 10, 2014, 04:10:03 AM
 #13698

This CFTC meeting is bullish as fuck!
The commissioner's closing remarks were indeed quite positive. He prefaced the following by noting that he considered the Professor's (panelist Houman Shadab) remarks about tying assets to the blockchain quite fascinating. He continued:

 Shocked  Is there a Tube?  I know Houman from way back and am pleasantly surprised to see him again, in the eye of the Hurricane Bitcoin no less!    Cool Cool Cool

https://www.youtube.com/watch?v=xUNGFZDO8mM
brg444
Hero Member
*****
Offline Offline

Activity: 686

Bitcoin replaces central, not commercial, banks


View Profile
October 10, 2014, 04:40:54 AM
 #13699

holy hell Bitfury closed another 20 million funding round in one week  Shocked

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
FNG
Hero Member
*****
Offline Offline

Activity: 588


View Profile
October 10, 2014, 04:42:27 AM
 #13700


Some of the inflation that would otherwise show up is being exported courtesy of the Fed, especially to Asia. Frothy real estate markets like Singapore, Shanghai, HK, Sydney are starting to show some cracks at the high end with failed auctions.
You should see what's happened to Bangkok since 2008. Condo building frenzy

 Shocked
Pages: « 1 ... 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 [685] 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 ... 1559 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!