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jjacob

legendary

Activity: 1554

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Quote from: Richard Branson on January 13, 2015, 03:52:11 AM

Quote from: Corelianer on January 13, 2015, 03:47:44 AM

Who cares 70% down from ath, buy steady make a good average buy-price.

Do not forget to sell part of your coins at the next spike.
Without profit lockin you are just a big bagholder.

For somebody just entering Bitcoin, these might be awesomely attractive levels.

Corelianer

full member

Activity: 309

Merit: 100

Quote from: smalltimer on January 13, 2015, 04:21:37 AM

Quote from: tutkarz on January 13, 2015, 04:01:07 AM

I think op should be warning us more about government actions that are trying hard to limit our privacy more. Because bitcoin is growing fine as far as I know.

But I wanted to say something about inflation. People are complaining about premined coins calling them scam but bitcoin inflation allows price to stay fairly low so many people are able to join basically at low cost. And you are saying that it is also bad? I don't understand what would be fair distribution for some people here. Maybe if they will be handed 100% of such coins or at last 50% maybe then they will shut up finally.

No, it's not 'bad' (what ever that means). It is just a sign of being retarded to buy an inflationary coin and expect returns on it (10k$ to the moon bulltard shit). Bitcoin is a volatile piece of shit and should not be bought at all with this inflation. With bitcoin you need to wait another decade or so before you can actually buy it - by then it'll be dead.

Initial distribution of a coin shouldn't be too fast and not too slow - a fair distribution is when everyone has a chance to get in (1 year or 2 years) - after that the train needs to leave the station and who isn't on board needs to buy higher. So pow-distribution is fine but not for 2decades because the shitcoin isn't going anywhere during the distribution because it isn't scarce thus worthless.

No matter how high or low your cap is the inflation will always push you down - the production needs to be bought up - constantly.

Yes "the production needs to be bought up" constantly, the question is just for what price.

To me it looks like you got caught on the wrong foot and are now blaming the rules. But the rules never changed. They are fine how they are.

smalltimer

sr. member

Activity: 252

Merit: 250

Quote from: tutkarz on January 13, 2015, 04:01:07 AM

I think op should be warning us more about government actions that are trying hard to limit our privacy more. Because bitcoin is growing fine as far as I know.

But I wanted to say something about inflation. People are complaining about premined coins calling them scam but bitcoin inflation allows price to stay fairly low so many people are able to join basically at low cost. And you are saying that it is also bad? I don't understand what would be fair distribution for some people here. Maybe if they will be handed 100% of such coins or at last 50% maybe then they will shut up finally.

No, it's not 'bad' (what ever that means). It is just a sign of being retarded to buy an inflationary coin and expect returns on it (10k$ to the moon bulltard shit). Bitcoin is a volatile piece of shit and should not be bought at all with this inflation. With bitcoin you need to wait another decade or so before you can actually buy it - by then it'll be dead.

Initial distribution of a coin shouldn't be too fast and not too slow - a fair distribution is when everyone has a chance to get in (1 year or 2 years) - after that the train needs to leave the station and who isn't on board needs to buy higher. So pow-distribution is fine but not for 2decades because the shitcoin isn't going anywhere during the distribution because it isn't scarce thus worthless.

No matter how high or low your cap is the inflation will always push you down - the production needs to be bought up - constantly.

smalltimer

sr. member

Activity: 252

Merit: 250

Quote from: NUFCrichard on January 13, 2015, 03:26:27 AM

Quote from: smalltimer on January 13, 2015, 01:11:57 AM

my predictions have been right on the ball

I did't really see a prediction, I saw a complaint about inflation. The inflation "issue" is still there, but it can't be the reason why the price has falled 70%+ from the ATH!
Inflation isn't even nearly high enough to cause that!

edit: spelling

Yes, it can be the reason because sellers get the advantage over buyers. Sit down, crunch the numbers. Think hard about it. Pumping an inflationary coin is moronic behaviour. Rain of new coins is a constant force in the market which can be counted on. So it goes down once the hype fades (last year this time) and will continue to go down from here.

See, i don't buy any of the bullshit i am told by others. I rely on my own conclusions based on own calculations only and this market is highly predictable.

Most of you people don't calculate jack shit. All i see is parroting - that's what everyone is good at. Not even 1% of you people use their own brain.

tutkarz

hero member

Activity: 546

Merit: 501

I think op should be warning us more about government actions that are trying hard to limit our privacy more. Because bitcoin is growing fine as far as I know.

But I wanted to say something about inflation. People are complaining about premined coins calling them scam but bitcoin inflation allows price to stay fairly low so many people are able to join basically at low cost. And you are saying that it is also bad? I don't understand what would be fair distribution for some people here. Maybe if they will be handed 100% of such coins or at last 50% maybe then they will shut up finally.

Richard Branson

hero member

Activity: 515

Merit: 506

Screw It, Let's Do It

Quote from: Corelianer on January 13, 2015, 03:47:44 AM

Who cares 70% down from ath, buy steady make a good average buy-price.

Do not forget to sell part of your coins at the next spike.
Without profit lockin you are just a big bagholder.

Corelianer

full member

Activity: 309

Merit: 100

Who cares 70% down from ath, buy steady make a good average buy-price.

I bought since I hear the first time of Bitcoin and was meanwhile +1000% , now like -50%, the pendulum will swing back.

The market is more efficient now, so that costs something

NUFCrichard

legendary

Activity: 1218

Merit: 1003

Quote from: smalltimer on January 13, 2015, 01:11:57 AM

my predictions have been right on the ball

I did't really see a prediction, I saw a complaint about inflation. The inflation "issue" is still there, but it can't be the reason why the price has falled 70%+ from the ATH!
Inflation isn't even nearly high enough to cause that!

edit: spelling

smalltimer

sr. member

Activity: 252

Merit: 250

my predictions have been right on the ball

communication guerrilla

newbie

Activity: 7

Merit: 0

http://lebontravel-culture.com/uploads/3/2/1/7/3217288/4110422.jpg

smalltimer

sr. member

Activity: 252

Merit: 250

*cough*

problem has been indentified: inflation
Deniers say it's needed and have been disproven because with merged mined implementations very low inflation pow is still possible.
Also the theory: "more coins help secure the network" could be flawed and i can see no reason to not uphold the theory of "price in the market needs to be protected from inflation to make sure the financial incentive for mining will be there" against it.
I have yet to see any proof satoshi did not make a monumental mistake with the reward-schedule. Inflation is not good to secure the network. It is just good to make sure crypto is a fail.

Conclusion: You all look like the austriches with head in sand for not looking to find a solution to the bitcoin problem.

Keep shortselling to zero. Maybe one more time buy single digits btc, right?
Problem? Denied. Solution? Not wanted, thought of or needed. Lemmings and sheep? Everywhere!

Pecunia non olet

full member

Activity: 882

Merit: 102

PayAccept - Worldwide payments accepted in seconds

Quote from: XCASH on December 11, 2014, 07:04:16 PM

Quote from: mmortal03 on December 11, 2014, 04:37:13 AM

Quote from: smalltimer on December 09, 2014, 12:00:54 AM

Low inflation altcoins win.

Show me the hash rate.

Bitcoin's still king of the hill with the power of it's network behind it.

IXC
136,025,443 GH/s

... now what?

read this crazy shit:
https://bitcointalksearch.org/topic/the-riddle-of-the-twin-brothers-who-were-are-and-will-rule-the-world-317658

I do hold IXC for hedge

IOC
48,166,837 GH/s
despite nobody is interested in the coin (yet) actually.

for comparison:

BTC:
250,586,548 GH/s

doing the switch between those merged mined ones is very easy. All it takes is a critical mass of people becoming aware.

XPM can provide an answer too because once there is interest in the coin it'll go actually through the roof and will be very scarce too.

There is countless solutions to the bitcoin-problem out there.

The only difficulty is: people need to agree on one coin. Bitcoin is not the king by default. Why should it be?

If a group of whales decides to pump IXC for example to the sky, microsoft and friends will accept that too. The degree of adoption is also nothing that would be stabilizing btc. BTC is mainly speculators money still. That money is pretty dynamic.

XCASH

legendary

Activity: 929

Merit: 1000

Quote from: mmortal03 on December 11, 2014, 04:37:13 AM

Quote from: smalltimer on December 09, 2014, 12:00:54 AM

Low inflation altcoins win.

Show me the hash rate.

Bitcoin's still king of the hill with the power of it's network behind it.

mmortal03

legendary

Activity: 1762

Merit: 1011

Quote from: smalltimer on December 09, 2014, 12:00:54 AM

Low inflation altcoins win.

Show me the hash rate.

fewcoins

full member

Activity: 126

Merit: 100

Quote from: bigtimespaghetti on December 11, 2014, 01:55:32 AM

Quote from: pattu1 on December 10, 2014, 07:27:14 PM

Quote from: fewcoins on December 10, 2014, 12:36:57 AM

Quote from: Fatov on December 09, 2014, 07:34:44 PM

Quote from: smalltimer on December 09, 2014, 01:09:29 AM

"hodlers are always safe"

Traders are always safe, they sell expensive btc and buy cheaper btc

Very true, this is why we should see a slight bounce when the Chinese are getting ready to close up approx. 5hrs

The boom will happen once the Chinese really start getting interested.

And what will be the catalyst for that?

There is none... All the "good news" that comes out makes less of a pop everytime & we continue to drop again and again. NEVER breaking key resistance levels.
This is bad news. China has the most bitcoins & they are also the biggest shorters of it. This is worse news.
Anyone have any good news??? Microsoft is a joke.

bigtimespaghetti

legendary

Activity: 1652

Merit: 1057