Author

Topic: Max Keiser promotes Bitcoin (Read 1248 times)

legendary
Activity: 1031
Merit: 1000
November 10, 2012, 11:22:03 PM
#6
My usual portion of my most recent paycheck is on it's way to the exchange right now.

Stop starving the ECB and be a good little cow by getting back in your stall so they can milk you!

Quote
In an extreme case, virtual currencies could have a substitution effect on central bank money if they become widely accepted. The increase in the use of virtual money might lead to a decrease in the use of “real” money, thereby also reducing the cash needed to conduct the transactions generated by nominal income. In this regard, a widespread substitution of central bank money by privately-­ issued virtual currency could significantly reduce the size of central banks’ balance sheets, and thus also their ability to influence the short-­term interest rates.
legendary
Activity: 1904
Merit: 1002
November 10, 2012, 05:47:24 PM
#5
My usual portion of my most recent paycheck is on it's way to the exchange right now.
hero member
Activity: 868
Merit: 1002
November 10, 2012, 05:44:02 PM
#4
He spoke at both Bitcoin conferences, he's mentioned it interviews, he pushes it on twitter, and although I have only seen a handful of his shows I'm fairly sure I've seen him mention it more than twice.

However, I'm of the opinion that it's always a good time to buy.  Wink
legendary
Activity: 1904
Merit: 1002
November 10, 2012, 05:36:35 PM
#3
He's been promoting Bitcoin for quite a while, so yes, I'm guessing he's bullish.

If you were asking if this was some kind of short term signal, then no - because it's nothing new.

As far as I remember it's only his second episode to mention it and the last was quite some time ago.  I'm not looking for a huge short term effect, more of a mid to long term, small to medium size effect.
hero member
Activity: 868
Merit: 1002
November 10, 2012, 05:11:56 PM
#2
He's been promoting Bitcoin for quite a while, so yes, I'm guessing he's bullish.

If you were asking if this was some kind of short term signal, then no - because it's nothing new.
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