Topic: Look at the Price and Facts People (Read 6407 times)
It depends on the number of people who believed in this virtual money and invested in it real money. There is already included financial magic, which we will not consider due to the complexity of the topic.
The developer of the program calls himself Satoshi Nakamoto (Satoshi Nakamoto), he proposed an electronic payment system based on mathematical calculations.
It's better to always watch the forecasts of different analysts, and only then try to understand the logic of all these forecasts. In any case you need to think for yourself at the end of the day.
I am suppose he need to mention, that there's can no patrons in alternative countries.
They will begin another chain, freelance from bitcoin chain. such as you currently USD and EUR. one thing like that.
And this will happen, by the way.
They will begin another chain, freelance from bitcoin chain. such as you currently USD and EUR. one thing like that.
And this will happen, by the way.
They wouldn't buy them and hold them. They would dump them after some accumulation. You guys couldn't afford to make the price stable bitcoins crash people get burned. The media covers the story of how people got burned. Then everyone is afraid of any virtual currency.
So the entire Bitcoin economy is currently about BTC 6.4 million and according to this the top 1000 Bitcoin addresses hold about BTC 3.3 million between them. So how much of that do you propose has been hoarded by the government for the purposes of "destroying Bitcoin?"
Personally, if every one of those coins got dumped tomorrow, I'd be buying like hell.
the US government regularly shuts down companies acting within the guidelines of their mother country?
Only companies that are too small to hire the lawyers and press exposure necessary to repel them.
I don't understand why he would want btc exchanges to comply with ridiculous "know grope your customer" rules.
There. The Newspeak grammar police have "regulated" your post.
I don't know for sure but it would be the cheapest way to destroy bitcoin and put a damper on any other virtual currency being adopted.
What happens if there are people who use Bitcoin that won't exchange it for fiat currency?
That is the true purpose of it (just buy things with it) but at this time unless you're a miner you're not getting any without cash (sure you could sell something for it) The masses have decided this is a get rich quick vehicle or a store of wealth and they are all piling in right now running up the price too fast. The inefficiency of the major exchange is also causing the price to run up too quick. Look at the posts of people being pissed because it takes too long to get accounts funded and how they watched the price increase as they waited days to make a trade. Once they get their money in the account they pull the trigger because they just watched it go up 75% in 12 hours. This inefficiency in the exchange will have the same effect on the downside as people won't be able to fund their accounts fast enough to buy bitcoins and defend it's price.
The recent rise in the last day is a recipe for disaster. Nothing but speculative. These new people don't give a rats ass about bitcoins or buying things with bitcoins. These people have $ signs in their eyes. If these new people lose money bitcoins will be dragged through the mud and masses may never adopt a virtual currency.
Maybe. And maybe the publicity from the speculation, and even the speculators themselves, will realize the benefits of Bitcoin and even a market crash will not kill this once it's out of the bag. I lean more towards the positive outcome, Bitcoin has many useful properties and that point won't be lost in the frenzy.
This kind of FUD has been discussed so many times in this forum, that it's a waste of time to even respond to it in detail...
Beware of Astroturf!
I don't know for sure but it would be the cheapest way to destroy bitcoin and put a damper on any other virtual currency being adopted.
What happens if there are people who use Bitcoin that won't exchange it for fiat currency?
That is the true purpose of it (just buy things with it) but at this time unless you're a miner you're not getting any without cash (sure you could sell something for it) The masses have decided this is a get rich quick vehicle or a store of wealth and they are all piling in right now running up the price too fast. The inefficiency of the major exchange is also causing the price to run up too quick. Look at the posts of people being pissed because it takes too long to get accounts funded and how they watched the price increase as they waited days to make a trade. Once they get their money in the account they pull the trigger because they just watched it go up 75% in 12 hours. This inefficiency in the exchange will have the same effect on the downside as people won't be able to fund their accounts fast enough to buy bitcoins and defend it's price.
The recent rise in the last day is a recipe for disaster. Nothing but speculative. These new people don't give a rats ass about bitcoins or buying things with bitcoins. These people have $ signs in their eyes. If these new people lose money bitcoins will be dragged through the mud and masses may never adopt a virtual currency.
Would you continue to buy bitcoins if the US Government was regulating them?
I would buy more of them. Besides, the federal government outlawed gold ownership in 1933 for a few decades, so Bitcoin is in good company.
They wouldn't buy them and hold them. They would dump them after some accumulation. You guys couldn't afford to make the price stable bitcoins crash people get burned. The media covers the story of how people got burned. Then everyone is afraid of any virtual currency.
So you're saying they would buy a load at higher than market price, pushing the price up; then they would sell them cheap at lower than market price?
This sounds brilliant. Sign me up. I've got bitcoins I'm willing to let go for $1000 each and then buy back at $1 each.
Buying Bitcoins to create instability or a price bubble would be an interesting strategy in the short term at least. What would stop the FED from doing it right now? I'd be interested to see if there is a price dip at the end of the month when QE2 ends.
I don't know for sure but it would be the cheapest way to destroy bitcoin and put a damper on any other virtual currency being adopted.
What happens if there are people who use Bitcoin that won't exchange it for fiat currency?
They wouldn't buy them and hold them. They would dump them after some accumulation. You guys couldn't afford to make the price stable bitcoins crash people get burned. The media covers the story of how people got burned. Then everyone is afraid of any virtual currency.
Sounds like a great time to buy more bitcoins to me.
They wouldn't buy them and hold them. They would dump them after some accumulation. You guys couldn't afford to make the price stable bitcoins crash people get burned. The media covers the story of how people got burned. Then everyone is afraid of any virtual currency.
Seems like someone should be a TV psychic with their own show.
How do you 'know' any of this? The truth is, you're just pulling things out of your ass and presenting them as truth. Please don't mind us, we're just trying to run away from the smell.
If they just seize the exchangers bank accounts they look like bad guys and create more interest in virtual currency and the development of better exchanges.
They wouldn't buy them and hold them. They would dump them after some accumulation. You guys couldn't afford to make the price stable bitcoins crash people get burned. The media covers the story of how people got burned. Then everyone is afraid of any virtual currency.
Seems like someone should be a TV psychic with their own show.
How do you 'know' any of this? The truth is, you're just pulling things out of your ass and presenting them as truth. Please don't mind us, we're just trying to run away from the smell.
I see so you guys have enough money to outspend the US government and defend bitcoins price.
My whole point here is people are going to get clobbered and lose lots of money which will hurt bitcoins future adoption. While the early adopters might be fine all the new people running in right now are going to get slaughtered.
My whole point here is people are going to get clobbered and lose lots of money which will hurt bitcoins future adoption. While the early adopters might be fine all the new people running in right now are going to get slaughtered.
Erm, no one would have to outspend the government. The point of such an exercise would be that they are buying, the existing owners are selling.
In fact, if the government did insist on buying all the bitcoins, they would simply make all the existing owners terribly rich as they drove the price up and up. Then when they are the sole owner of bitcoins in the world, what will they have exactly? Some numbers on a hard disk. The value of bitcoins comes from their tradeability, they are not inherently worth anything.
So; once we're all rich having sold bitcoins v1; what exactly would the government do with their new pile of bytes to stop us starting bitcoins v2 and beginning again?
No... a government buying bitcoins would be the most monumentally stupid action they could possible take. Not only would nobody get clobbered, it would be the biggest advert for Bitcoins imaginable.
They wouldn't buy them and hold them. They would dump them after some accumulation. You guys couldn't afford to make the price stable bitcoins crash people get burned. The media covers the story of how people got burned. Then everyone is afraid of any virtual currency.
I see so you guys have enough money to outspend the US government and defend bitcoins price.
My whole point here is people are going to get clobbered and lose lots of money which will hurt bitcoins future adoption. While the early adopters might be fine all the new people running in right now are going to get slaughtered.
My whole point here is people are going to get clobbered and lose lots of money which will hurt bitcoins future adoption. While the early adopters might be fine all the new people running in right now are going to get slaughtered.
Erm, no one would have to outspend the government. The point of such an exercise would be that they are buying, the existing owners are selling.
In fact, if the government did insist on buying all the bitcoins, they would simply make all the existing owners terribly rich as they drove the price up and up. Then when they are the sole owner of bitcoins in the world, what will they have exactly? Some numbers on a hard disk. The value of bitcoins comes from their tradeability, they are not inherently worth anything.
So; once we're all rich having sold bitcoins v1; what exactly would the government do with their new pile of bytes to stop us starting bitcoins v2 and beginning again?
No... a government buying bitcoins would be the most monumentally stupid action they could possible take. Not only would nobody get clobbered, it would be the biggest advert for Bitcoins imaginable.
Just watched Garzik "tip the scales in the favor of the good guys." With thought leaders like him who needs enemies? I don't understand why he would want btc exchanges to comply with ridiculous "know your customer" rules.
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