Definitely here to stay
Medium of exchange, store of value, disruptiev technology, deflationary currency all in one
+1Medium of exchange, store of value, disruptiev technology, deflationary currency all in one
Totally agree.
Topic: Bitcoins vs Cash - page 2. (Read 1472 times)
Totally agree.
Definitely here to stay
Medium of exchange, store of value, disruptiev technology, deflationary currency all in one
+1 Medium of exchange, store of value, disruptiev technology, deflationary currency all in one
They are going to stay alone with other things like bitcoin 
Bitcoin is the free market answer to governments/banks that steal your purchasing power. Inflation is a stealth tax.
Bull! Japan is in the same economic depression it has been in since it refused to let the housing market crash in 1990s.
QE is the suspension of capitalism and the bailout of a plutocrat landlord class. Japan proved it doesn't work!
Mortgages are so long in Japan now that they are passed through the generations from father to son. Children cannot afford to leave home and start a family of their own. They have to live with their parents until they die.
Low interest rates are your enemy, not your friend, they increase asset prices and turn you into a debt slave for longer!
Capitalism requires idiots who fail, to lose their assets, not get a transfer of wealth from the prudent! That way lies Communism and Fascism.
Quote
You can do more research on how Japan tapered in the 1990s.
Bull! Japan is in the same economic depression it has been in since it refused to let the housing market crash in 1990s.
QE is the suspension of capitalism and the bailout of a plutocrat landlord class. Japan proved it doesn't work!
Mortgages are so long in Japan now that they are passed through the generations from father to son. Children cannot afford to leave home and start a family of their own. They have to live with their parents until they die.
Low interest rates are your enemy, not your friend, they increase asset prices and turn you into a debt slave for longer!
Capitalism requires idiots who fail, to lose their assets, not get a transfer of wealth from the prudent! That way lies Communism and Fascism.
Likewise when interest rates rise, the opposite happens. You do realise it's not going to stay low forever.
Japan tapered. Then they got deflation, but merely holding their japanese fiat led to a 1% real return each year. Go do some research rather than spread your FUD. Until recently when Japan decided to play games again, but they will still return to 1% real returns in the near future once the temporary effects wear off.
Low interest rates aren't your enemy. Japan had low interest rates and they received 1% real return a year because goods are getting cheaper each year. How do you fight against that? Your argument is not sound. It's interest rate compared to inflation that you should be analysing. Otherwise you fail at simple economics.
Typical scare tactics about debt being passed from generation to generation. That's only relevant if you have borrowed too much. Otherwise if you go to work, hold onto your money in low-risk fixed interest products, it becomes worth at least an extra 1% each year.
Bitcoin is the free market answer to governments/banks that steal your purchasing power. Inflation is a stealth tax.
Bull! Japan is in the same economic depression it has been in since it refused to let the housing market crash in 1990s.
QE is the suspension of capitalism and the bailout of a plutocrat landlord class. Japan proved it doesn't work!
Mortgages are so long in Japan now that they are passed through the generations from father to son. Children cannot afford to leave home and start a family of their own. They have to live with their parents until they die.
Low interest rates are your enemy, not your friend, they increase asset prices and turn you into a debt slave for longer!
Capitalism requires idiots who fail, to lose their assets, not get a transfer of wealth from the prudent! That way lies Communism and Fascism.
Quote
You can do more research on how Japan tapered in the 1990s.
Bull! Japan is in the same economic depression it has been in since it refused to let the housing market crash in 1990s.
QE is the suspension of capitalism and the bailout of a plutocrat landlord class. Japan proved it doesn't work!
Mortgages are so long in Japan now that they are passed through the generations from father to son. Children cannot afford to leave home and start a family of their own. They have to live with their parents until they die.
Low interest rates are your enemy, not your friend, they increase asset prices and turn you into a debt slave for longer!
Capitalism requires idiots who fail, to lose their assets, not get a transfer of wealth from the prudent! That way lies Communism and Fascism.
Are bitcoins just a temporary fad or are they here to stay? Apart from the anonymity factor,what else has it got going for it? And after seeing the kind of ups and downs it has had in the past few days,i really doubt whether they can ever be a viable currency. Moreover,people buy BTC with the intention to convert into cash later on anyway. So,yeah...
Start to try move money worldwide, you will notice how slow (int bank wire) or expensive (WU) it is. You see, here are big oppurtunities for Bitcoin.
Bitcoins can actually be less anonymous than cash if someone wants to attach their name to an address. I think that's a great benefit over cash. People can choose to either be anonymous or they can link their name to their address. The fact that every transaction is public knowledge is also a big plus. In the event of a dispute you can prove to the whole world that you sent money from your address to someone else's address.
Are bitcoins just a temporary fad or are they here to stay? Apart from the anonymity factor,what else has it got going for it?
The price volatility is temporary.
Basically what's going to happen is more and more merchants will begin offering Bitcoin and other altcoins as payment methods. So when a consumer walks into a store there will be a traditional credit/debit card terminal and a digital currency terminal with a QR code. Over time these two POS devices will become integrated.
So when a customer walks into a store he can pull out his physical wallet and use debit or pull out his smart phone, use his virtual wallet, and pay with Goldcoin or Bitcoin.
btc grow and grow 
BTC is here to stay for a lot of reasons like its decentralized nature as a currency and the amazing advantages that brings to the table as a payment processing platform.
Anonymity is not among them. Maybe it was in the early stages but it becomes less of a factor as it matures.
Anonymity is not among them. Maybe it was in the early stages but it becomes less of a factor as it matures.
btc
Are bitcoins just a temporary fad or are they here to stay? Apart from the anonymity factor,what else has it got going for it? And after seeing the kind of ups and downs it has had in the past few days,i really doubt whether they can ever be a viable currency. Moreover,people buy BTC with the intention to convert into cash later on anyway. So,yeah...
to understand it well enough, you need to know the current economic crisis around the world, and how printing money works.
watch this video: http://hiddensecretsofmoney.com/videos/episode-1
BTC is a store of value that serves as a hedge against the weakening dollar, which is caused by the overprinting of money (called Quantative Easing). people want BTC because its value, unlike the USD or other world currencies, is not guaranteed to be diluted in the future.
Wrong, tapering is happening soon. The USD is rising in value against major currencies. Stock prices are falling. Gold prices are falling. Bond Yields are rising.
This will lead to less US dollars in the market place, which will lead to higher interest rates. The money supply of US dollars will decrease. So whilst bitcoins are continuously being mined, the number of dollars will be reduced through tapering and then normal open market operations.
QE isn't a one way street. Be informed and not misled.
You can do more research on how Japan tapered in the 1990s.
Here are some words of wisdom from zerohedge:
Quote
1. Deficits are shrinking and the Fed has less and less room for its buying
2. Under the surface, various non-mainstream technicalities are breaking in the markets due to the size of the Fed's position (repo markets, bond specialness, and fail-to-delivers among them).
3. Sentiment is critical; if the public starts to believe (as Kyle Bass warned) that the central bank is monetizing the government's debt (which it clearly is), then the game accelerates away from them very quickly - and we suspect they fear we are close to that tipping point
4. The rest of the world is not happy. As Canada just noted, the US monetary policy will be discussed at the G-20
2. Under the surface, various non-mainstream technicalities are breaking in the markets due to the size of the Fed's position (repo markets, bond specialness, and fail-to-delivers among them).
3. Sentiment is critical; if the public starts to believe (as Kyle Bass warned) that the central bank is monetizing the government's debt (which it clearly is), then the game accelerates away from them very quickly - and we suspect they fear we are close to that tipping point
4. The rest of the world is not happy. As Canada just noted, the US monetary policy will be discussed at the G-20
Are bitcoins just a temporary fad or are they here to stay? Apart from the anonymity factor,what else has it got going for it? And after seeing the kind of ups and downs it has had in the past few days,i really doubt whether they can ever be a viable currency. Moreover,people buy BTC with the intention to convert into cash later on anyway. So,yeah...
to understand it well enough, you need to know the current economic crisis around the world, and how printing money works.
watch this video: http://hiddensecretsofmoney.com/videos/episode-1
BTC is a store of value that serves as a hedge against the weakening dollar, which is caused by the overprinting of money (called Quantative Easing). people want BTC because its value, unlike the USD or other world currencies, is not guaranteed to be diluted in the future.
Are bitcoins just a temporary fad or are they here to stay? Apart from the anonymity factor,what else has it got going for it? And after seeing the kind of ups and downs it has had in the past few days,i really doubt whether they can ever be a viable currency. Moreover,people buy BTC with the intention to convert into cash later on anyway. So,yeah...
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