Topic: How to Explode the Price of Bitcoin OVERNIGHT! - page 2. (Read 6556 times)

i wondering for quite some time now, where does the stimulus money go?

Bernanke alluded to slowing QE this fall but most of us think he is just buying more time....the second he slows QE the house of cards collapses....he has no way out of this. (Unless the economy miraculously takes off...haha.)

I would guess that come September there will be more bad news as to why they can't wind down QE.
(If anything I think they will increase it.)

any chance of QE failing soon? my mom is imminently buying a house and I'd rather she didn't, for various reasons.

"On September 13, 2012, the U.S. Federal Reserve launched its third round of quantitative easing.
In addition, the Fed officially stated – for the first time – that it would keep short-term rates low through 2015.
These moves reflect the Fed's view that the economy still hasn't reached the point of self-sustaining growth (in other words, the ability to keep growing without stimulus).

Accordingly, the Fed has adopted what has been called "QE Infinity," a plan to purchase $85 billion of fixed-income securities per month, $40 billion of mortgage-backed securities and $45 billion of U.S. Treasuries. Unlike QE1 and QE2, the current program has no set end date."


I guess we are both right...thanks for making me go research that more. I thought it was all going to US Treasury bonds.

Cheers!

Nope, it's going into mortgage backed securities to prop up the housing market.

+1

Wait until someone really puts 200 million in 

just a couple of hundreds.

AFAIK all QE money supply goes directly to repurchasing US bonds....which then goes into infrastructure etc. just like regular government spending. (The govt gets to spend it the first time into the economy.)

This is how it is "filtered" in, the US govt doesn't just hand it to banks (other than bailout money which is a small amount of QE).

Basically the fed is purchasing around 90%+ of all US Treasury bonds issued...no one else wants them anymore.

Y so Angry? You must have sold a lot 

And that my friend, is the beauty of choice.  Put all the world currencies, including crypto, into a payment network and let people decide for themselves what they prefer.  Maybe the masses choose USD, maybe they choose BTC or maybe they will forever choose a wide range of currencies.  The key in understanding is, people not only deserve the choice, they demand it.

As for Ripple specifically, keep your reservations and suspicions.  OpenCoin has a lot to prove and a lot of commitments to honor.  But don't neglect increasing your understanding of the technology.  Regardless of whether it is Ripple or some other "brand" that brings this payment network to the masses, this will happen and that's good news for crypto.  No more begging merchants to accept one crypto currency, merchants just need to be plugged into such a network and payments via all currencies can flow freely.  

You are not willing to part with your coins that you paid alot for and "worked" so "hard" for. That is good and dandy for you but I want to sell some of the Bitcoins I bought at $2-$5 dollars to enjoy some of the fruits of the investments I made. May I please do that without newb bullish threads from a random Joe Six Coiner about how much Bitcoin should worth?

I personally think $10k USD is undervaluing a Bitcoin. But we live in the real world and the real world disagrees. Aside of few individuals all over history societies proven to be pretty stupid in many many occurrences.

So shill and cheer differently please, noob.

      Good point... you may be right about that. I am only skeptical about ripple because it is backed by Google and centralized. That takes away the big advantage of bitcoin of being immune to political manipulation which can lead to war and market inefficiencies. But it is more like hawala which is definitely more efficient than traditional banking institutions. The Catholic church lost its stranglehold on Europe about 500 years ago, yet the Church and the Pope are still around and still wield considerable influence, although nothing on the level of the Feudal era. In the same way I am sure the dollar will still be around in some form for a long time even though it may go the way of Mt. Gox...

  The nation state is based on the same principle as speculation and is ultimately inefficient. Wealth would increase and productivity would improve if there were no capital controls and money, labor, goods, and services could move freely from anywhere to anywhere on the planet.

  A concrete example- if the current total incomes of everyone in the world were evenly dispersed it would result in salaries of somewhere in the range of 600 to 800 dollars a month.

   People in the US think "No way! Keep border controls in effect because if the market got to decide the market price of labor here in the US would go down and it would go up in Mexico! More money for us, less money for them!"

   This is typical win-lose reasoning. What people don't understand is that eliminating capital controls and trade barriers increases productivity and efficiency through comparative advantage, so the abolition of the nation-state as an organizing institution would most likely result in an expansion of the global economy more than sufficient to compensate losses due to inter-regional evening in labor and commodity prices.

   So we could actually all end up making more money by having a worldwide free trade agreement that includes protecting the right of people to travel from anywhere to anywhere on the planet and work wherever they want without greasing the palms of bureaucrats.

    National currencies are a big part of nationalism and nationalism is a big part of the us-them mentality that is keeping us from utilizing our resources efficiently to optimize wealth creation. The more countries that go bankrupt, the more it will become clear that this model does not work, and the more people will come to bitcoin, making those of us with bitcoin holdings very rich and making everyone in the world richer as the efficiency gains of bitcoin are allowed to kick in. This has to allow for an adjustment period where people change their consumption habits, and the current crisis management measures are basically trying to postpone these adjustments because of their political consequences. Eventually though, the economy is going to have to go cold turkey and it's going to hurt. It might very well hurt less for bitcoin users.
  
   Like forest fires, they have to happen for the forest to be healthy, but people try to fight them because they don't want to lose their houses, but this just allows time for more dry wood to pile up making the inevitable fire more intense when it finally does come. Bitcoin is digital fire and guess what dollars are? Paper.

    

This is why I support Ripple and not a single currency.  Ripple will give Bitcoin and any other ecurrency the mass adoption avenues, they simply will never achieve on their own.  Bitcoin is just one of many world currencies. (and I'm being nice calling it a currency) So, the greater benefit to mankind is not the delusional belief that the world will accept one currency, but the freedom to use any currency to actually buy goods and services, regardless what currencies those merchants choose to accept.

You see the future is not in which currency people will choose to use, but rather in the payment network that will make commerce possible for the masses.  If you love Bitcoin, support it, promote it, use it.  But don't be blinded by ideology into thinking that the world will ever accept one currency.  It won't and certainly not Bitcoin with all its limitations.  Truthfully, I'm indifferent to currencies.  I only have favoritism to the USD because I'm American and that's what we use to pay for our daily necessities.  Rent, food, water, electricity, healthcare, taxes, etc.  

But as the future draws near, payment networks, like Ripple, that allow me to pay in ANY currency and you receive that payment in ANY currency, are far more valuable and "world changing" than any single crypto currency.  As we all see now, crypto currencies are a dime a dozen.  Bitcoin just happens to be the most popular brand at the moment.  As with any "brand", that may not be true tomorrow but the payment networks that cater to all currencies, will endure.

People on this forum want to see countries go bankrupt because they think it will trigger another bubble and you pull this argument....

The price of a bitcoin is always correct, no matter what you or I would like it to be. That is how markets work.

   And I'm here to point out that you stand to make a lot more money by first understanding the revolutionary potential of bitcoin, and second helping the bitcoin economy to grow by taking the time to support the growth of bitcoin infrastructure by using it, even if it is slightly less convenient than the old way.

   Why do you want money? Presumably to be happy. If you profit from other peoples losses, you are going to make yourself happy from other people's unhappiness. You reap what you sow. We are all connected and if you make the world a worse place, you are going to be less happy in the end. It's a two steps forward three steps back kind of deal.

       The bigger the bitcoin economy gets, the more money you are going to make. The less speculation and the more win-win business transactions there are, the more new money will come into bitcoin, and the more money you will make. So if you want to make money make the world a better place. With bitcoin adoption international trade barriers will decrease and there will be more wealth in general because unharnessed productivity of workers will be tapped into.

    Dude, are you going to make more money cutting down an apple orchard and selling the wood, or harvesting apples every year and selling them?



   

As long as new people with new money come in we're good