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Author Topic: Why is the exchange rate so boring now?  (Read 3718 times)
bitboy11
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March 16, 2015, 10:29:35 AM
 #81


Walk outside your door and sell 1 btc. Go no further than 100 yard's. You are not aloud to use any electronic device.. now you fuckin know.

This is what the majority will side with, real fuckin life.. Just look at ukraine.. iraq.. libya.. it's gonna go as far east, then go all the way west.. when the infrastructure of your country is destroyed, just cause your fone can do bitcoin, will the infrastructure be there to send your fone the signal?

Will your online wallet exist after the server's it was stored o got a direct hit?

Gold will still survive..

Money is lying everywhere.. did you know here in scotland, the army hid millions of copper's under the roads they built?

Yeah, focus on bitcoin.. leave the real riches, to the real men. (and women)

Ever remembered when the US government took the people's gold?  Grin Grin Grin
How are you going to sell that gold then Huh

You keep creating hypothetical situations but the reality is not yet set in stone.
Whether bitcoin or gold become worthless or not...intelligent people will diversify their portfolio!
Do not assume everyone has put every cent they have into bitcoin.

If bitcoin goes bust, I will be relatively unaffected.
If it explodes in value...it would have been a very good investment. Cheesy
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Decksperiment
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March 16, 2015, 10:38:03 AM
 #82


Walk outside your door and sell 1 btc. Go no further than 100 yard's. You are not aloud to use any electronic device.. now you fuckin know.

This is what the majority will side with, real fuckin life.. Just look at ukraine.. iraq.. libya.. it's gonna go as far east, then go all the way west.. when the infrastructure of your country is destroyed, just cause your fone can do bitcoin, will the infrastructure be there to send your fone the signal?

Will your online wallet exist after the server's it was stored o got a direct hit?

Gold will still survive..

Money is lying everywhere.. did you know here in scotland, the army hid millions of copper's under the roads they built?

Yeah, focus on bitcoin.. leave the real riches, to the real men. (and women)

Ever remembered when the US government took the people's gold?  Grin Grin Grin
How are you going to sell that gold then Huh

You keep creating hypothetical situations but the reality is not yet set in stone.
Whether bitcoin or gold become worthless or not...intelligent people will diversify their portfolio!
Do not assume everyone has put every cent they have into bitcoin.

If bitcoin goes bust, I will be relatively unaffected.
If it explodes in value...it would have been a very good investment. Cheesy

All I'm saying dude, is I remember bitcoin at the beginning, and I'll try to remember what got me interested.. 21 million coin's, that can be mined. Mining will increase in difficulty.. I remember posting about the cost of leccy then.. What I read, was only when all the coin's available are distributed, NOT hoarded, will they gain in value, and only when all coins are mined will the true potential be realised, but people are hoarding, so this 'potential' is being denied, that, believe it or not, is all I been saying in my mad kilt wearing scotsman style.. if they insult my intelligence, by questioning my speculation, then they deserve the long winded answer's they deserve as to why when they thought it would jump up in price, suddenly over a million coin's are dumped, crashing all their latest hopes.. I predict a crash by end nxt week max. Thanks to my aussie pals who know what I been saying Wink

People hoarding is not the problem, for when all coin's are mined, this is WHEN to hoard. It's when they do it.. they're doing it too early to be of any use.. sorry, but I do know a bit about what it was MEANT to be..
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March 16, 2015, 10:44:24 AM
 #83

Ps, not a crash, wrong term, call it a mega slump in price.. Wink

Everyone investing now for an expected rise, but if a million coins are dumped, does this not decrease the value?

Keeping in mind all wanna profit by selling their's..
HarmonLi
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March 16, 2015, 11:12:47 AM
 #84

It's incredibly awesome that it's not going down any further. There's a lot of anticipation from people trading on leverage. You know, they're borrowing money at incredible rates as we speak, so they can buy more BTC.

bitboy11
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March 16, 2015, 12:27:46 PM
 #85


All I'm saying dude, is I remember bitcoin at the beginning, and I'll try to remember what got me interested.. 21 million coin's, that can be mined. Mining will increase in difficulty.. I remember posting about the cost of leccy then.. What I read, was only when all the coin's available are distributed, NOT hoarded, will they gain in value, and only when all coins are mined will the true potential be realised, but people are hoarding, so this 'potential' is being denied, that, believe it or not, is all I been saying in my mad kilt wearing scotsman style.. if they insult my intelligence, by questioning my speculation, then they deserve the long winded answer's they deserve as to why when they thought it would jump up in price, suddenly over a million coin's are dumped, crashing all their latest hopes.. I predict a crash by end nxt week max. Thanks to my aussie pals who know what I been saying Wink

People hoarding is not the problem, for when all coin's are mined, this is WHEN to hoard. It's when they do it.. they're doing it too early to be of any use.. sorry, but I do know a bit about what it was MEANT to be..

Please explain to us why people should even waste time to purchase bitcoin, if not to hoard?
The vast majority of it is probably hoarded as you already know.
Why?

Because...there is not much else that can be done with it at the moment.
In the beginning, it's primary use was speculation and use in nefarious activity...it still is!

Slowly, it is gaining traction as a store of wealth and it is now accepted as a legitimate & decentralized payment processor.

This alone will drive hoards of people to Bitcoin adoption in the future! Cheesy


Anyway what exactly are you proposing bitcoin adopters to do Huh

Would you like us to sell off all of our unneeded bitcoin assets?
In doing so, there will be a lot more coins for new adopters...perhaps at a cheaper and fairer price!
It will also become more evenly distributed among the masses.
However, the reality is... that was not meant to be as the world is dominated by Capitalism!

Just so that you know, Nakamoto never meant for Bitcoin to be evenly distributed.
If he did, then the great visionary would have created a lot more than 21 million coins for the 7 billion people on Earth.


On another note, You said:
"for when all coin's are mined, this is WHEN to hoard."


If that is so who exactly should start the hoarding process Huh

Bitcoin says:
"The last block that will generate coins will be block #6,929,999 which should be generated at or near the year 2140."


Are we to wait 125 years from now? Roll Eyes

The truth is...Satoshi Nakamoto had a few oversights.
What he thought should happen didn't exactly turn out the way he planned.

He didn't expect:

  • ASICs & so many coins to be mined so quickly
  • Or people hoarding so soon

It doesn't matter if the powers that be shut down the internet...Bitcoin will still survive!
They cannot create a worldwide blackout because there will always be rebel nations and anarchists willing to defy authority.

I am sure Nakamoto would have thought through various scenarios about the survival of Bitcoin and he didn't run scared at the thought of the internet unplugged or hoarding or unfair distribution.

Stop your FUD spreading!
If you and your Aussie friends want to live under a rock "down under", then so be it. Tongue

Anyway...who let the nut out the nuthouse? Grin
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March 16, 2015, 01:00:45 PM
 #86

It's incredibly awesome that it's not going down any further. There's a lot of anticipation from people trading on leverage. You know, they're borrowing money at incredible rates as we speak, so they can buy more BTC.

Trading with borrowed money.... Great! Not.

If there is something I really hate, it is owing x amount to certain people or a company.

But then again, it's all about supply and demand. If plenty enough people demand such a service then exchanges will provide it.
AtheistAKASaneBrain
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March 16, 2015, 01:32:02 PM
 #87

The price is absolutely not moving.. what the hell is going on that the exchange rate is so boring. Where is the action? Where are the pump and dumps?
Things are happening, look at the news, VC capital stacking in, more adoption.. it's just the whales buying slow to not cause a rally for now.
johnyj
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March 16, 2015, 01:58:37 PM
 #88

There are about 5000 coins everyday appearing on market for sale, to maintain an exchange rate of $300, you would need $1.5 million net purchase everyday


pooya87
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March 16, 2015, 02:25:02 PM
 #89

The price is absolutely not moving.. what the hell is going on that the exchange rate is so boring. Where is the action? Where are the pump and dumps?
Things are happening, look at the news, VC capital stacking in, more adoption.. it's just the whales buying slow to not cause a rally for now.
but the rally is gonna come eventually though. i think this year we are going to see a nice rise in bitcoin price. and it is better to see it happen gradually rather than a jump which is going to fail afterwards.

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March 16, 2015, 04:59:32 PM
 #90


All I'm saying dude, is I remember bitcoin at the beginning, and I'll try to remember what got me interested.. 21 million coin's, that can be mined. Mining will increase in difficulty.. I remember posting about the cost of leccy then.. What I read, was only when all the coin's available are distributed, NOT hoarded, will they gain in value, and only when all coins are mined will the true potential be realised, but people are hoarding, so this 'potential' is being denied, that, believe it or not, is all I been saying in my mad kilt wearing scotsman style.. if they insult my intelligence, by questioning my speculation, then they deserve the long winded answer's they deserve as to why when they thought it would jump up in price, suddenly over a million coin's are dumped, crashing all their latest hopes.. I predict a crash by end nxt week max. Thanks to my aussie pals who know what I been saying Wink

People hoarding is not the problem, for when all coin's are mined, this is WHEN to hoard. It's when they do it.. they're doing it too early to be of any use.. sorry, but I do know a bit about what it was MEANT to be..

Please explain to us why people should even waste time to purchase bitcoin, if not to hoard?
The vast majority of it is probably hoarded as you already know.
Why?

Because...there is not much else that can be done with it at the moment.
In the beginning, it's primary use was speculation and use in nefarious activity...it still is!

Slowly, it is gaining traction as a store of wealth and it is now accepted as a legitimate & decentralized payment processor.

This alone will drive hoards of people to Bitcoin adoption in the future! Cheesy


Anyway what exactly are you proposing bitcoin adopters to do Huh

Would you like us to sell off all of our unneeded bitcoin assets?
In doing so, there will be a lot more coins for new adopters...perhaps at a cheaper and fairer price!
It will also become more evenly distributed among the masses.
However, the reality is... that was not meant to be as the world is dominated by Capitalism!

Just so that you know, Nakamoto never meant for Bitcoin to be evenly distributed.
If he did, then the great visionary would have created a lot more than 21 million coins for the 7 billion people on Earth.


On another note, You said:
"for when all coin's are mined, this is WHEN to hoard."


If that is so who exactly should start the hoarding process Huh

Bitcoin says:
"The last block that will generate coins will be block #6,929,999 which should be generated at or near the year 2140."


Are we to wait 125 years from now? Roll Eyes

The truth is...Satoshi Nakamoto had a few oversights.
What he thought should happen didn't exactly turn out the way he planned.

He didn't expect:

  • ASICs & so many coins to be mined so quickly
  • Or people hoarding so soon

It doesn't matter if the powers that be shut down the internet...Bitcoin will still survive!
They cannot create a worldwide blackout because there will always be rebel nations and anarchists willing to defy authority.

I am sure Nakamoto would have thought through various scenarios about the survival of Bitcoin and he didn't run scared at the thought of the internet unplugged or hoarding or unfair distribution.

Stop your FUD spreading!
If you and your Aussie friends want to live under a rock "down under", then so be it. Tongue

Anyway...who let the nut out the nuthouse? Grin

If you ask me to explain all that you can donate to the get rid of vod/oyo org, but what does it take to point out that no-one out there I know of is interested.. that's 10 years and I still know no-one. I guess what I'm trying to say is access to btc statrts with a btc, if you have the money, but if you dont, and more and more CANT, it is in effect, useless.. the true fac is, go outside your door, and sell your btc and buy something to eat, with no electronic device? Note most 'product's's/service's you can pay for in btc are electronic? We aint all want that, where can I buy new decks? Or vinyl? What I'm supposed to lower myself to 80% sound quality loss and use digital mp3's instead, and loose the 'feeling' of making music on my skin? Nah..
bitboy11
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March 16, 2015, 11:59:42 PM
 #91


If you ask me to explain all that you can donate to the get rid of vod/oyo org, but what does it take to point out that no-one out there I know of is interested.. that's 10 years and I still know no-one.


I have an uncle with a Master's Degree in economics and all he can say about Bitcoin is that it is "interesting".
I know many other people in the finance sector - friends/family.
Most have never even heard of Bitcoin until I bring it up in a discussion.
What's worse is that months later, none of them are interested in risking a dollar in it.

The only people I know who are interested or curious about getting involved in bitcoin are my "Techie" friends.
Why Huh
Because they are the ones who understand the digital environment including on-line security.

bitboy11
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March 17, 2015, 12:04:01 AM
 #92


I guess what I'm trying to say is access to btc statrts with a btc, if you have the money, but if you dont, and more and more CANT, it is in effect, useless.. the true fac is, go outside your door, and sell your btc and buy something to eat, with no electronic device? Note most 'product's's/service's you can pay for in btc are electronic? We aint all want that, where can I buy new decks? Or vinyl? What I'm supposed to lower myself to 80% sound quality loss and use digital mp3's instead, and loose the 'feeling' of making music on my skin? Nah..

This latest post of yours makes you seem utterly defeated!
Now you're just repeating yourself in a different way.

You don't seem to acknowledge the fact that bitcoin is still in its infancy.
Of course you can't buy much with it until it transforms itself from a little-known geek-attraction into a juggernaut protocol for the masses.

Someday...in the not so distant future, people will be able to buy food/drinks and pretty much anything that they desire with bitcoin.
Did you know that in the 1950's credit cards were not accepted at most businesses Huh
They had to spread the word by marketing the heck out of it and educating people about the potential value of using such a service...the same applies with bitcoin.
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March 17, 2015, 12:44:49 AM
 #93

Things are happening, you just cant see it because you are not a rich VC guy or an einstein developer kinda guy, you are just a peasant. Keep buying or weep in thy future.
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March 17, 2015, 01:24:46 AM
 #94


I guess what I'm trying to say is access to btc statrts with a btc, if you have the money, but if you dont, and more and more CANT, it is in effect, useless.. the true fac is, go outside your door, and sell your btc and buy something to eat, with no electronic device? Note most 'product's's/service's you can pay for in btc are electronic? We aint all want that, where can I buy new decks? Or vinyl? What I'm supposed to lower myself to 80% sound quality loss and use digital mp3's instead, and loose the 'feeling' of making music on my skin? Nah..

This latest post of yours makes you seem utterly defeated!
Now you're just repeating yourself in a different way.

You don't seem to acknowledge the fact that bitcoin is still in its infancy.
Of course you can't buy much with it until it transforms itself from a little-known geek-attraction into a juggernaut protocol for the masses.

Someday...in the not so distant future, people will be able to buy food/drinks and pretty much anything that they desire with bitcoin.
Did you know that in the 1950's credit cards were not accepted at most businesses Huh
They had to spread the word by marketing the heck out of it and educating people about the potential value of using such a service...the same applies with bitcoin.

I'm not exactly defeated, just stopped using it, since the devs aint interested in sorting the same prob showing withn every version.. I have been paying attention to it while it TRIES to load, but yup, gave up on the app.. for 8 years it worked fine, then they think, ms dont support xp, we'll show how against freedom and go with ms, and just not fix the xp problem. To me it's only 10-11 years old, and i see your point with the credit card's etc, but to me, btc is like the internet, free at first, but the minute you save online, forget it, cause now folks are paying to secure their photo's on other people's pc's, like say.. icloud. Same as online wallet's.. I prefer to use my own wallet, but decided to dump bitcoin core completely, since in my opinion, and as I said months ago, countless versions, no gui change, just what did they fix? nothing, they changed, cause in my opinion, they could'nt fix.. old wallet's are no longer compatible, it's getting worse and worse to actually get into. I do see it as being a valid club card for a select few greedy folks, but last night I was tired, and very peed off at the bitcoin core devs, for messing with what is supposed to be viewable as open scource, they've changed it too much.. I think of my lass miles away just now, with her origional wallet from the beginning, increasingly looking like it aint gonna work..that wallet is 10 years+ old!! It's worth a fortune in interest alone!!

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March 17, 2015, 04:16:18 PM
 #95

It's incredibly awesome that it's not going down any further. There's a lot of anticipation from people trading on leverage. You know, they're borrowing money at incredible rates as we speak, so they can buy more BTC.
Im saving some dollars monthly from my job and converting them to Bitcoin, making nothing but profits from doing this.
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March 17, 2015, 05:15:37 PM
 #96

@OP: trend reversal is usually a long and boring event, so everything is working perfectly fine. Many will be bored during this event and simply get out. These so called weak hands will get back in at much higher prices when the risk reward ratio won't be that profitable any more. That is why one have to be patient now and wait for things to develop further. Just wait. No nervous moves. 

this space is intentionally left blank
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March 17, 2015, 07:59:56 PM
 #97

Yeah, this race is to the patient. Meanwhile I wish I could be circuitous, circumlocutory, diffuse, garrulous, logorrheic, long-winded, pleonastic, prolix, rambling, verbose and windy to fill this freakin signature campaign quota.

Good luck, g

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March 17, 2015, 08:30:10 PM
 #98

The price is absolutely not moving.. what the hell is going on that the exchange rate is so boring. Where is the action? Where are the pump and dumps?
It's always calm throught weekends on exchanges. You can't deposit or withdraw fiat till monday so why woul you trade?

The only online casino on which i won something. I made 17mBTC from 1mBTC in like 15 minutes.  This is not paid AD!

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March 17, 2015, 09:48:33 PM
 #99

I see more exchanges start up for good 5 months then suddenly vanish with btc or situations that usually just crumble.

Or supposedly like a hack, like the other exchange had their cold wallet stolen of thousands of bitcoin.

Prices are not moving like back in 2012 if thats your reference because, all the bad apples finally been washed out.
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March 17, 2015, 09:50:30 PM
 #100

Q : Why is the exchange rate so boring now?
A : because we win ...
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