Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22776. (Read 26714193 times)

Coin
Explanation

sigh. You still haven't read any books on economics.Might I suggest Economics in One Lesson by Henry Hazlitt for starters and then The Road to Surfdom by (Nobel Laureate) F.A. Hayek.

Satoshi's trillions will come from the same place as Gates, Jobs, Buffet's billions came from:valuation of assets. If any of them attempted to liquidate those assets in bulk, they would plummet in value, which is why they rarely sell. They use those assets as they were intended to be used.

I myself do not plan to cash out more than 20% of my bitcoins, even if the price skyrockets. I intend to SPEND them. Trade makes both partners better off or it doesn't happen. It's win-win, unlike ANYTHING the government does. If the State did anything worthwhile, they wouldn't have to use force or threat of force to achieve compliance.

Nobody forces you to buy or use bitcoin. Those of us who do understand that it is at our own risk. Fiat currencies, OTOH, are compulsory due to legal tender laws. For that reason I oppose any country adopting bitcoin as a national currency. Instead I advocate the repeal of legal tender laws.

There is more relation to work done with bitcoin than any other currency ever. It is documented proof of work that makes a bitcoin a bitcoin. What makes a dollar a dollar? The whim of a central banker.

Coindesk does it all the time.  Like when a Deputy Director of the Statistics Dept of the PBoC became a "PBoC Director".

That is terrible, of course.  But replacing a failing currency by a crypto that, if successlul, will make trillionaires of Satoshi & friends is even worse.  Where will those trillions come from?

And if the crypto fails, there will be no one to exchange it for euros at a fixed rate.  Again trillions will have changed hands, with no relation to work done.

Rates are already @ 0.031% Fifty percent higher than a week ago. (~.020%)

Dollar rates are also going up, so this is gonna be a fun show one way or the other.

Coin
Explanation

you know what would be fun?

everyone lending btc to quit lending it..

shorts would either get forced into major interest rate hikes or to close their shorts

24,262 BTC swaps on bfx!  Pressure building...

This is a former Goldman analyst via his linkedin. I guess Goldman Director sounds better for your press release. May even be true, most banks have thousands of "VPs".

That's another one, also from ex wall street execs! The one that opened today is http://www.cryptofacilities.com/

I found the name of the exchange: it's called LedgerX. You think those morons could have mentioned it in  the article.

EDIT: there are apparently TWO futures exchanges in the works. cryptofacilities.com is the other.

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So what is YOUR take on nations spending money that the unborn will have to repay? If that's not taxation w/o representation, then what is it? You think that's moral? We fought a war against the strongest empire on earth to stop that kind of tyranny.

Are you gonna make some bullshit argument that the ends justifies the means as long as they invest the loot right?

Coindesk hasn't picked this story up yet?!?

http://www.marketwatch.com/story/ex-goldman-director-launches-bitcoin-derivatives-brokerage-2015-02-25-5203121

The first one (30'000) was indeed won by Tim Draper, who said he would use the coins in the Vaurum fund/exchange.  But the second one was won by a consortium (syndicate) of small bidders, who apparently could not afford bidding for a whole 2000 BTC block.  SecondMarket organized the syndicate but promptly distributed the coins to the individual bidders (the splitting can be seen in the blockchain).

The fact that .gov has 94k btc to sell has been known, who the hell will buy them is more of an unknown. Will you help?

Until now I believed that Jon Matonis was one of the few sensible and realist people in the bitcon scene (even though he is a bitcoin salesman).  But that is just too naive (or insincere).  Oh well...

It's also 50k BTC of selling pressure relived in a day. It's been know for a long time and priced in.

USD swaps at 70,500 BTC equiv. I agree with the rest of your sentiment.

Bullish! Here comes the trollion-dollar bitcoin!

But is it 50k of demand from those that would use exchanges, or from those who would buy off-exchange?