Bears thread - unleash the bear in you in this thread - page 2.

deisik

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Quote from: noedaRDH on November 14, 2013, 04:02:59 PM

Do you guys think the results of the upcoming Nov 18th conference in DC will affect the price?

What if word gets out that the authorities are openly anti-Bitcoin?

Quotes usually already reflect the most possible outcome of such things even before the word gets out. Personally, I don't think the authorities will be that openly anti-Bitcoin, so the price shouldn't be much affected

Pruden

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China awakens to stagnated prices: The sell-off that appeared inbound for the last 5 hours is materializing.

noedaRDH

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Finding Satoshi

Do you guys think the results of the upcoming Nov 18th conference in DC will affect the price?

What if word gets out that the authorities are openly anti-Bitcoin?

deisik

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Quote from: notme on November 14, 2013, 03:37:02 PM

As a US citizen I like to remind my fellow Americans that we are less than 5% of the world's population and even that percentage is shrinking.

As long as the world economy is denominated in US dollars and all major exchanges trade in that currency, percentage of the world's population doesn't matter. As simple as that Grin

By the way, I'm not a United States citizen... Cool

deisik

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Quote from: ?? on ??

Did that affected anyone but USA? Not really.

Lol. Gold standard was dismantled soon after that... Grin

BitChick

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Quote from: notme on November 14, 2013, 03:37:02 PM

Quote from: ?? on ??

Quote from: deisik on November 14, 2013, 03:34:42 AM

If it is banned in the USA, the ban will have devastating repercussions throughout the world.

You need to get out of USA for a decade or so to realise how unimportant it actualy is. Start with BRIC countries.

Quote from: deisik on November 14, 2013, 04:32:09 AM

These "free democracy" folks always forget how gold was forbidden by Roosevelt in 1933 Cool

Did that affected anyone but USA? Not really.

+1

As a US citizen I like to remind my fellow Americans that we are less than 5% of the world's population and even that percentage is shrinking.

Here is how the US sees the world Wink

:

Jungian

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Quote from: bitwhizz on November 14, 2013, 01:41:52 PM

i'm still bearish

Same here. This has, to me, all the characteristics of a bubble, and we all know what happens to them eventually. Might be a bit left to the top. I´ll sell some more when we reach $500.

notme

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Quote from: ?? on ??

Quote from: deisik on November 14, 2013, 03:34:42 AM

If it is banned in the USA, the ban will have devastating repercussions throughout the world.

You need to get out of USA for a decade or so to realise how unimportant it actualy is. Start with BRIC countries.

Quote from: deisik on November 14, 2013, 04:32:09 AM

These "free democracy" folks always forget how gold was forbidden by Roosevelt in 1933 Cool

Did that affected anyone but USA? Not really.

+1

As a US citizen I like to remind my fellow Americans that we are less than 5% of the world's population and even that percentage is shrinking.

bitwhizz

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i'm still bearish

deisik

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Quote from: SimonJones on November 14, 2013, 01:21:05 PM

This is a bears thread. There's nothing for the bears at present with the raging prices lol

Anyway the party will come to an end some day and some may be left with worthless coins if they don't enjoy the present and the few months ahead! Technology progresses rapidly once a start is made somewhere.

Yep, this may very well be the case with Bitcoin but this for sure will not be the end because of transactions per second Grin

SimonJones

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Quote from: deisik on November 14, 2013, 01:16:24 PM

Quote from: SimonJones on November 14, 2013, 12:59:18 PM

In the near future, even 1 second maybe too long a wait! It's not about the past - it's about the future.

Let's talk about the present! Grin

And NOW we have that BTC transactions are times (or even by orders) faster than the bank ones, lol Grin

This is a bears thread. There's nothing for the bears at present with the raging prices lol

Anyway the party will come to an end some day and some may be left with worthless coins if they don't enjoy the present and the few months ahead! Technology progresses rapidly once a start is made somewhere.

deisik

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Quote from: SimonJones on November 14, 2013, 12:59:18 PM

In the near future, even 1 second maybe too long a wait! It's not about the past - it's about the future.

Let's talk about the present! Grin

And NOW we have that BTC transactions are times (or even by orders) faster than the bank ones, lol Grin

SimonJones

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Quote from: deisik on November 14, 2013, 12:57:18 PM

Quote from: SimonJones on November 14, 2013, 12:54:25 PM

I don't think Bitcoin will be the future crypto currency. With the instant internet age, people don't have the time to wait even 1+ minutes for transactions to take place and then there's no solution for the ever increasing Blockchain size. No way Bitcoin will be handle 100,000 transactions per second. Bitcoin is experimental and has too many flaws to be successful.

Do you have a bank account (or had in the past)? Grin

In the near future, even 1 second maybe too long a wait! It's not about the past - it's about the future.

deisik

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Quote from: SimonJones on November 14, 2013, 12:54:25 PM

I don't think Bitcoin will be the future crypto currency. With the instant internet age, people don't have the time to wait even 1+ minutes for transactions to take place and then there's no solution for the ever increasing Blockchain size. No way Bitcoin will be handle 100,000 transactions per second. Bitcoin is experimental and has too many flaws to be successful.

Do you have a bank account (or had in the past)? Grin

SimonJones

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I don't think Bitcoin will be the future crypto currency. With the instant internet age, people don't have the time to wait even 1+ minutes for transactions to take place and then there's no solution for the ever increasing Blockchain size. No way Bitcoin will be able to handle 100,000+ transactions per second. Bitcoin is experimental and has too many flaws to be successful.

I believe a better digital currency will come to replace Bitcoin and it may even be made by some government. All merchants will probably flock to use a government's digital currency.

However, there's still no competition for Bitcoin yet except maybe Ripple so Bitcoin will keep rising in value for some more months (years?). Till then the bulls can enjoy the ride but don't forget to unload some coins on the way!

theecoinomist

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Quote from: hyphymikey on November 11, 2013, 04:45:19 PM

Chart does not matter. China does not use Google, they use Baidu.

500 by Friday!

deisik

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Quote from: BitPirate on November 14, 2013, 04:57:22 AM

Think about it -- a proof of work system is too perfect for them. Yes, it does remove the need for trusted authorities, but it also removes the need to trust the populace. If all payments are on a public blockchain, tax can be built into the protocol. The need for traditional taxmen and auditors goes away.

Yes, but they would have to change the protocol at first... Would Bitcoin remain Bitcoin then, and (what is even more important) would it have any utility after that? Grin

Also, how are you going to prevent double taxation issues (provided anonimity is preserved)? Cool

deisik

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Quote from: BitPirate on November 14, 2013, 04:57:22 AM

Actually, cryptocurrencies may well be the future -- for governments as well as us.

Governments love power... so I believe they will take the opportunity to embrace and extend cryptocurrencies. To the point that libertarians hate them.

You're a bit late! Grin

They already have payment cards and non-cash transactions (free of the "inconveniences" Bitcoin comes with)... Cool

BitPirate

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Actually, cryptocurrencies may well be the future -- for governments as well as us.

Governments love power... so I believe they will take the opportunity to embrace and extend cryptocurrencies. To the point that libertarians hate them.

Think about it -- a proof of work system is too perfect for them. Yes, it does remove the need for trusted authorities, but it also removes the need to trust the populace. If all payments are on a public blockchain, tax can be built into the protocol. The need for traditional taxmen and auditors goes away.

deisik

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Quote from: Crazy on November 14, 2013, 03:38:10 AM

Quote from: windjc on November 14, 2013, 03:37:27 AM

We do not live in a totalitarian system, despite what Libertarians will tell you. We still have a free, if unequal, democracy.

Heh, what's it smell like?

These "free democracy" folks always forget how gold was forbidden by Roosevelt in 1933 Cool

But I never fail to remind them of this unfortunate fact... Grin

Topic: Bears thread - unleash the bear in you in this thread - page 2. (Read 7617 times)