Topic: Hmm... is it time to crash BTC exchange rates yet? (Read 8873 times)

this is exactly the reason bitcoins are gaining traction and will continue to do so.

yeap i am inclined to agree with this 1.

furthermore, i think its time we all stopped using the term hoarding, its saving.

I always had a slight lingering doubt about deflationary currencies until I thought about land.

From that, the shortest argument that came to me is this: hoarding Bitcoins is much less evil than lending real estate for rent. Since then I've been comparing what happens to land with what could happen to Bitcoin. I am more confident that Bitcoin at least doesn't take away anything from what we already have.

I am aware of the Red shield and how they got their wealth. They amassed their wealth during the Battle of Waterloo (Jacob funded the French war machine and Nathan the British war machine). They drove investors speculation cause panic in the London stock exchange, thus selling out hearing that the French won when they actually lost. When the chance came, they bought out all the London Stock shares which where worth pennies. The British people were paying their taxes which went to the Red shield private bankers hence how Nathan got more rich by controlling the output of money. That is not currency circulation as you put it, it is total and complete control of how money is produced. This is very different to how miners work who are;

1) Many in numbers
2) Distributed
3) Non organised
4) Non hierarchical

Unlike the banks are:

1) Fewer in numbers
2) Centralised
3) Organised
4) Hierarchical from a cashier to the CEO earning 650 times more than a regular person is
...and 5) Total control of the money flow with hidden taxations and thus increase inflation devaluing fiat currency by producing more debt money; i.e loans.

Miners need to pay for their equipment first by selling bitcoins to recoup losses and then "save" for future uses. Miners also DO NOT FUND WARS like Rothchild's did and make money! Also the Rothchild's family hold more wealth than the US GDP in excess of > $500 trillion. In any anti-capitalist eyes, that is hoarding!

Not to burst your bubble or anything, but the Rothschild's built their name and fortunes by increasing the currency circulation (starting with the Napoleonic Wars), not by hoarding and trading gold (which, sure, had preceded the former). One could even say that this was the only difference between the Smeagols and the Rothschilds.

Next, the miners would get the name of The Red Shield bank... and I would be called Nathan Rothschild Mega-hoarder of the World!

Official definitions aside most of us ARE hoarding. We are misers like that character Silas Marner or that dude in LOTR:

OP should consider giving a definition of hoarding. Personally, I like the investopedia definition:

Hoarding: "The purchase of large quantities of a commodity with the intent of pushing up the price"

Going by this definition, the current exchange rate, and market depths, I think it's easy to conclude that most forum members here lack the ability to hoard because they do not have the means to purchase enough BTC to make a dent in the price and start a speculative run. A million USD clearly won't do much, perhaps ten million, I don't know.

Anyhow, I agree that speculators have undoubtably caused unsustainable run ups in prices, most likely by buying large quantities. Clearly that was happening in 2011 when the entry price to cause a price run was low, and it's reasonable to conclude that part of the run to $266 was a result of something similar.

So, unless you are a Winklevii, I don't think you are hoarding. And even if you have that kind of cash, it's only a risk that you may dump it in the future and tank the price. But in the meanwhile, the increase in value benefits everyone in relation to their BTC holdings.

In order to avoid the consequences of a massive hoarder dumping onto the market and causing exchange volatility, there are really only three things other BTC holders can do.

1. Buy as much coin as possible and drive up the cost for a big fish to make large purchases.
2. Be prepared to sell some coin if prices are rising too rapidly, in order to further discourage an entity that is purchasing large enough quantities to really drive of the price and cause a risk.
3. Sell as soon as a hoarder starts unloading a large amount of coin, in order to decrease their profit from hoarding and then selling. Tough to do in practice though.

Lol Haha made me
Was thinking more along the lines of spenders who live beyond their means who cannot understand savers

A little jealous, are we?

"Hoarding" is a derogative term used by people who are pouting because they were late to the party.

Saving is done by consumers and merchants; Hoarding is done by miners (a.k.a. the central banks of bitcoin economy).

its not hoarding, its saving . . .

Well miners accepted it and then it went down 10 bucks and napped here 

Yes, because we'll still be using Bitcoins in 2147. If we're not off this planet this century, I'm going back in time to tell the aliens not to bother.

Calling Tortoise and Achilles, there's a 3rd degree Zeno incomputence emergency in forum 121342. Zeno 3 forum 121342. Over.

So the vaccine is for the miners who don't spend.  I see.

By "circulating" I merely imply SPEND more coins... But to answer you first question, why would miners be motivated to consistently spend coins to fuel the bitcoin economy if they believed in the GOLD 2.0 miracle? Hence the need for the vaccine against the GOLD 2.0 bug.

Why are miners not circulating coins?  Are you implying that they should PRODUCE more coins or just SPEND more coins?

Miners, as promised, here's a nice bid wall for your taking... It is now completely up to you not to miss this great opportunity.





P.S. And please, do consider joining me at the negotiation table... Don't make me reach for the poison pill.

BTC's been here since June 2011 even he must admit it is progressing forward 

Why do you individually target miners? Do you have a grudge against them? Where have I said that I was not giving merchants a reason?

One of the problem genres which you are really missing here is education which leads to adoption; not many people still know what a bitcoin. Especially people living in rural areas were broadband is virtually non existent suffer from this divide. I would call this the "bitcoin divide" following from the digital divide where there are people who do not have access to a computer with Internet access or do not have an idea what it is or how to use it. It is complex aleady for someone with very little computer experience to understand technicalities on PKI's, encryption and security overall.

I am more focussed about small businesses and communities taking this as a form of payment rather than starting with the corporate giants.