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Topic: TIME TO BUY - page 2. (Read 9108 times)

sr. member
Activity: 378
Merit: 254
December 28, 2014, 07:01:07 PM
^
The past year has left you holding the bag tho.

legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
December 28, 2014, 06:54:02 PM
Buy and Hold Long Term.
This advise would probably work at any point in time.

Has worked out pretty good for the majority of the price history of bitcoin.
hero member
Activity: 560
Merit: 500
December 28, 2014, 06:42:57 PM
NotLambchop: "This serial troll is still being ignored."  Cheesy
sr. member
Activity: 378
Merit: 254
December 28, 2014, 06:24:03 PM
...The problem is inherit to the system...

I keep hearing about this impending doom, mainly from the lunatic fringe.

Quote
...all they do is bring closer the impassable object.

If the driver is bad, sane people opt for a better driver.  Bitcoiners want to replace the driver with a windup toy Undecided

legendary
Activity: 2842
Merit: 1511
December 28, 2014, 06:02:22 PM
Shame the Germans didn't have Greenspan in control of the V1's. Could have shortened the war considerably as he would have driven them all into Berlin. This was the guy who pursued a loose monetary policy during the boom years after all. A certain Chancellor mentioned in Genesis wasn't any better either...

But these individuals are not the problem of course. The problem is inherit to the system. When was the last time the US with all these IRL shepherds ran a monetary policy that wasn't loose? They keep swerving obstacles, but all they do is bring closer the impassable object.
legendary
Activity: 1582
Merit: 1064
December 27, 2014, 07:32:06 AM
Buy and Hold Long Term.
This advise would probably work at any point in time.
sr. member
Activity: 378
Merit: 254
December 26, 2014, 06:23:27 PM
^Been working great thus far Smiley
This Bitcoin thing, OTOH...  Much fail & aids Undecided
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
December 26, 2014, 06:06:08 PM
It's certainly straightforward enough, but it's starting to show some ...drawbacks?
My point is pretty trivial--it's nice to have the ability to adjust the money supply in response to changing conditions.  Clockwork inflation guidance can't do that, and that's why V1s were so wildly inaccurate Sad


Your laboured point is exceedingly trivial.

Last time i checked, bitcoin isn't a rocket, though it's exchange price has risen like one.

In principle having the ability to regulate inflation is an excellent idea. However in the real world we all inhabit it does not work for centrally planned fiat currencies in practice.

Other than comparing bitcoin with an ancient nazi missile, do you have any meaningful objection to bitcoin having a programatically enforced exponentially falling inflation rate?


How come? (Just curious...)

Because humans + magic money printing = disaster
legendary
Activity: 1260
Merit: 1115
December 26, 2014, 06:01:10 PM
It's certainly straightforward enough, but it's starting to show some ...drawbacks?
My point is pretty trivial--it's nice to have the ability to adjust the money supply in response to changing conditions.  Clockwork inflation guidance can't do that, and that's why V1s were so wildly inaccurate Sad


Your laboured point is exceedingly trivial.

Last time i checked, bitcoin isn't a rocket, though it's exchange price has risen like one.

In principle having the ability to regulate inflation is an excellent idea. However in the real world we all inhabit it does not work for centrally planned fiat currencies in practice.

Other than comparing bitcoin with an ancient nazi missile, do you have any meaningful objection to bitcoin having a programatically enforced exponentially falling inflation rate?


How come? (Just curious...)
legendary
Activity: 1176
Merit: 1000
December 26, 2014, 05:59:25 PM
...
Your laboured point is exceedingly trivial.
...

But your butthurt tho...  Your butthurt is not trivial at all, my son!

  ~Rev. FatherBob

So when you can't answer you use an alt to post shit? And this is why you are a troll and not taken seriously by anyone on the forum.

 Cheesy
member
Activity: 69
Merit: 10
December 26, 2014, 05:43:54 PM
...
Your laboured point is exceedingly trivial.
...

But your butthurt tho...  Your butthurt is not trivial at all, my son!

  ~Rev. FatherBob
legendary
Activity: 1176
Merit: 1000
December 26, 2014, 05:40:57 PM
It's certainly straightforward enough, but it's starting to show some ...drawbacks?
My point is pretty trivial--it's nice to have the ability to adjust the money supply in response to changing conditions.  Clockwork inflation guidance can't do that, and that's why V1s were so wildly inaccurate Sad


Your laboured point is exceedingly trivial.

Last time i checked, bitcoin isn't a rocket, though it's exchange price has risen like one.

In principle having the ability to regulate inflation is an excellent idea. However in the real world we all inhabit it does not work for centrally planned fiat currencies in practice.

Other than comparing bitcoin with an ancient nazi missile, do you have any meaningful objection to bitcoin having a programatically enforced exponentially falling inflation rate?
sr. member
Activity: 378
Merit: 254
December 26, 2014, 05:30:17 PM
It's certainly straightforward enough, but it's starting to show some ...drawbacks?
My point is pretty trivial--it's nice to have the ability to adjust the money supply in response to changing conditions.  Clockwork inflation guidance can't do that, and that's why V1s were so wildly inaccurate Sad



Retrofitted with a driver's seat Smiley

hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
December 26, 2014, 05:10:49 PM
I know you have daddy issues with the FED, but I simply used it to illustrate why mining more BTC makes the BTC you hold worth less.
We can also infer from this that lowering the total of BTC mined (printed) would reduce the supply of BTC on exchanges, thus twerking the supply/demand equation just right & making the coin you hold be worth more.

But you can't do that, because predefined, like clockwork, like a V1 rocket.  Nothing can be done Sad

Or maybe we can just wait a bit for market demand to pick up, waddayathink

Yeah, "Wildly fluctuating & tanking price?  It's actually a good thing, we meant to do that."



Come on Cheesy


Speculation, the only way to bootstrap a decentralized, global form of money.
hero member
Activity: 1372
Merit: 783
better everyday ♥
December 26, 2014, 05:06:59 PM
Monetary inflation of BTC is currently higher than the monetary inflation of the USD (and it will be for quite some time).
That is a fact. Not much to discuss here guize...
It ain't an opinion yo.

Not fact.  Traditional monetary policy that applies to regular currency's like the US dollar does not apply to Bitcoin.

That's the whole reason Bitcoin was created was to go against the grain.  The decentralization, the finite supply, the low transaction fees, etc etc.

Read this first before posting:

https://bitcoin.org/bitcoin.pdf
Math is not an opinion. I am just talking about the increase in supply. Whether by coins mined, FED printing or whatever it's still an increase in the monetary base (and it has obvious effects on price), period.
Currently, and for a long time, BTC money supply will grow more than the money supply of USD, period.




BTC money supply is no where close to money supply of the USD, period.

Different supply scales, there's trillions of dollars in circulation compared to a few million BTCs.

Obviously price swings occur more wildly when the Bitcoin's pool is belly flopped into vs the US Dollar's ocean.

Stop comparing Bitcoin to the US Dollar, you're talking old money versus new money.
We are talking about percentages of increase in money supply. The point is perfectly valid.

Quote
Obviously price swings occur more wildly when the Bitcoin's pool is belly flopped into vs the US Dollar's ocean
Ehm, are you just admitting that the increased money supply on BTC has a even greater effect on its price than for the USD, which kinda validates my point since the beginning?  Huh



How is the point valid again?

US Dollar money supply is so vast compared to Bitcoin's "money supply".

Also Bitcoin doesn't have a Federal Reserve to manipulate price value, so point's moot.

Fed is also driving US dollar price one way.  I'll give you a hint, it's not up.


sr. member
Activity: 378
Merit: 254
December 26, 2014, 05:06:51 PM
I know you have daddy issues with the FED, but I simply used it to illustrate why mining more BTC makes the BTC you hold worth less.
We can also infer from this that lowering the total of BTC mined (printed) would reduce the supply of BTC on exchanges, thus twerking the supply/demand equation just right & making the coin you hold be worth more.

But you can't do that, because predefined, like clockwork, like a V1 rocket.  Nothing can be done Sad

Or maybe we can just wait a bit for market demand to pick up, waddayathink

Yeah, "Wildly fluctuating & tanking price?  It's actually a good thing, we meant to do that."



Come on Cheesy
hero member
Activity: 742
Merit: 500
December 26, 2014, 04:59:08 PM
Monetary inflation of BTC is currently higher than the monetary inflation of the USD (and it will be for quite some time).
That is a fact. Not much to discuss here guize...
It ain't an opinion yo.

Not fact.  Traditional monetary policy that applies to regular currency's like the US dollar does not apply to Bitcoin.

That's the whole reason Bitcoin was created was to go against the grain.  The decentralization, the finite supply, the low transaction fees, etc etc.

Read this first before posting:

https://bitcoin.org/bitcoin.pdf
Math is not an opinion. I am just talking about the increase in supply. Whether by coins mined, FED printing or whatever it's still an increase in the monetary base (and it has obvious effects on price), period.
Currently, and for a long time, BTC money supply will grow more than the money supply of USD, period.




BTC money supply is no where close to money supply of the USD, period.

Different supply scales, there's trillions of dollars in circulation compared to a few million BTCs.

Obviously price swings occur more wildly when the Bitcoin's pool is belly flopped into vs the US Dollar's ocean.

Stop comparing Bitcoin to the US Dollar, you're talking old money versus new money.
We are talking about percentages of increase in money supply. The point is perfectly valid.

Quote
Obviously price swings occur more wildly when the Bitcoin's pool is belly flopped into vs the US Dollar's ocean
Ehm, are you just admitting that the increased money supply of BTC has a even greater effect on its price than for the USD, which kinda validates my point since the beginning?  Huh
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
December 26, 2014, 04:57:49 PM
I know you have daddy issues with the FED, but I simply used it to illustrate why mining more BTC makes the BTC you hold worth less.
We can also infer from this that lowering the total of BTC mined (printed) would reduce the supply of BTC on exchanges, thus twerking the supply/demand equation just right & making the coin you hold be worth more.

But you can't do that, because predefined, like clockwork, like a V1 rocket.  Nothing can be done Sad

Or maybe we can just wait a bit for market demand to pick up, waddayathink
hero member
Activity: 1372
Merit: 783
better everyday ♥
December 26, 2014, 04:56:53 PM
I know you have daddy issues with the FED, but I simply used it to illustrate why mining more BTC makes the BTC you hold worth less.
We can also infer from this that lowering the total of BTC mined (printed) would reduce the supply of BTC on exchanges, thus twerking the supply/demand equation just right & making the coin you hold be worth more.

But you can't do that, because predefined, like clockwork, like a V1 rocket.  Nothing can be done Sad

I wonder if you'll say the say the same thing when we're not mining more BTC...

hero member
Activity: 1372
Merit: 783
better everyday ♥
December 26, 2014, 04:53:53 PM
Monetary inflation of BTC is currently higher than the monetary inflation of the USD (and it will be for quite some time).
That is a fact. Not much to discuss here guize...
It ain't an opinion yo.

Not fact.  Traditional monetary policy that applies to regular currency's like the US dollar does not apply to Bitcoin.

That's the whole reason Bitcoin was created was to go against the grain.  The decentralization, the finite supply, the low transaction fees, etc etc.

Read this first before posting:

https://bitcoin.org/bitcoin.pdf
Math is not an opinion. I am just talking about the increase in supply. Whether by coins mined, FED printing or whatever it's still an increase in the monetary base (and it has obvious effects on price), period.
Currently, and for a long time, BTC money supply will grow more than the money supply of USD, period.




BTC money supply is no where close to money supply of the USD, period.

Different supply scales, there's trillions of dollars in circulation compared to a few million BTCs.

Obviously price swings occur more wildly when the Bitcoin's pool is belly flopped into vs the US Dollar's ocean.

Stop comparing Bitcoin to the US Dollar, you're talking old money versus new money.
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