Bitstamp
Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23360. (Read 26712886 times)
January 21, 2015, 12:59:57 AM
January 21, 2015, 12:55:35 AM
Tell us again how in your view Vikram Pandit is stupid and ill-informed.
How many bitcoins did he buy?Indeed, it is puzzling why Coinbase, of all bitcon companies, is getting so much investment. Perhaps it is going to be more than just a bitcoin payment processor?
By the way, tell us again how in your view Warren Buffett is stupid and ill-informed.
Also by the way: I still would not dare to guess what will happen to the price of bitcoin in the medium term. There may be another market opening, or there may not be. How would I know?
They are trying to do a USD wallet app to compete w PayPal, Google wallet, apple pay. Their business model doesn't rely on solely Bitcoins price
There is association indeed.
Price is related with confidence and faith. Confidence and faith will impact acceptance. Acceptance will affect the number of wallets opened at coinbase. There is a well connected chain between price and the success of coinbase.
Not if they can get their USD wallet out there. Their business model takes fees on transactions. They only lose money if they hold Bitcoin while the price drops. Whether they can get user traction is another story
USD wallet is NOT a selling point but a safety hedge for coinbase.
January 21, 2015, 12:30:16 AM
OK Coin
January 21, 2015, 12:28:52 AM
...
By the way, tell us again how in your view Warren Buffett is stupid and ill-informed.
...
By the way, tell us again how in your view Warren Buffett is stupid and ill-informed.
...
I'm a big Warren Buffet fan (at least as far as his evolved value-investing approach goes). I've read his annual reports, several bios, watched many of his interviews, etc.
In my "normal" investing (ie, outside the BTC world), I tend to do mostly value investing, except where I have specific domain expertise that I feel gives me an edge.
Like Bitcoin for example. It has been unfortunate that Warren has chosen to comment in a domain in which he has no expertise, being famously and self-admittedly tech-inept, yet he has done so nonetheless, obviously. And, quite frankly, from the tech-illiterate perspective, Bitcoin can be difficult to understand.
Furthermore, Bitcoin is a play on growth, not on unlocking existing value, and is therefore antithetical to Buffet's core investing competencies even without the tech-literacy requirement. So no surprise that he doesn't see it, and hard to give any weight to his opinion in this area, brilliant though he is.
January 21, 2015, 12:26:44 AM
Tell us again how in your view Vikram Pandit is stupid and ill-informed.
How many bitcoins did he buy?Indeed, it is puzzling why Coinbase, of all bitcon companies, is getting so much investment. Perhaps it is going to be more than just a bitcoin payment processor?
By the way, tell us again how in your view Warren Buffett is stupid and ill-informed.
Also by the way: I still would not dare to guess what will happen to the price of bitcoin in the medium term. There may be another market opening, or there may not be. How would I know?
They are trying to do a USD wallet app to compete w PayPal, Google wallet, apple pay. Their business model doesn't rely on solely Bitcoins price
There is association indeed.
Price is related with confidence and faith. Confidence and faith will impact acceptance. Acceptance will affect the number of wallets opened at coinbase. There is a well connected chain between price and the success of coinbase.
Not if they can get their USD wallet out there. Their business model takes fees on transactions. They only lose money if they hold Bitcoin while the price drops. Whether they can get user traction is another story
January 21, 2015, 12:23:40 AM
Tell us again how in your view Vikram Pandit is stupid and ill-informed.
How many bitcoins did he buy?Indeed, it is puzzling why Coinbase, of all bitcon companies, is getting so much investment. Perhaps it is going to be more than just a bitcoin payment processor?
By the way, tell us again how in your view Warren Buffett is stupid and ill-informed.
Also by the way: I still would not dare to guess what will happen to the price of bitcoin in the medium term. There may be another market opening, or there may not be. How would I know?
They are trying to do a USD wallet app to compete w PayPal, Google wallet, apple pay. Their business model doesn't rely on solely Bitcoins price
There is association indeed.
Price is related with confidence and faith. Confidence and faith will impact acceptance. Acceptance will affect the number of wallets opened at coinbase. There is a well connected chain between price and the success of coinbase.
January 21, 2015, 12:18:48 AM
Tell us again how in your view Vikram Pandit is stupid and ill-informed.
How many bitcoins did he buy?Indeed, it is puzzling why Coinbase, of all bitcon companies, is getting so much investment. Perhaps it is going to be more than just a bitcoin payment processor?
By the way, tell us again how in your view Warren Buffett is stupid and ill-informed.
Also by the way: I still would not dare to guess what will happen to the price of bitcoin in the medium term. There may be another market opening, or there may not be. How would I know?
They are trying to do a USD wallet app to compete w PayPal, Google wallet, apple pay. Their business model doesn't rely on solely Bitcoins price
January 21, 2015, 12:15:57 AM
Whats the story with 'four punch raiders' 
they switched sides
Huh
that didn't help. Who are "they". January 21, 2015, 12:12:37 AM
Tell us again how in your view Vikram Pandit is stupid and ill-informed.
How many bitcoins did he buy?Indeed, it is puzzling why Coinbase, of all bitcon companies, is getting so much investment. Perhaps it is going to be more than just a bitcoin payment processor?
By the way, tell us again how in your view Warren Buffett is stupid and ill-informed.
Also by the way: I still would not dare to guess what will happen to the price of bitcoin in the medium term. There may be another market opening, or there may not be. How would I know?
Warren is wrong about many investment. Check his favorite stocks like Tesco, IBM and Coca Cola.
He was right to buy out the insurance company years ago, because the premium collected was not actuarial fair to the insurers. And using insurance premium to invest high yield stocks is paying back handsomely in those early days.
BTW, richest Chinese billionaire Lee Ka Shing invested real money into Bitcoin companies, why no one mentioned this?
It seems our forum is totally controlled by bears. And they brainwash us with selected and biased info only.
Some Chinese tweets reveal that not only exchanges are doing insider trading, but they are also hiring writers to post all sorts or bashing and trolling articles to manipulate the price.
For example: I don't think notlampchop is searching and posting those Chinese posters in the cultural revolution era for free. He may be one part of the manipulation. Just my 2 cents.
January 21, 2015, 12:07:08 AM
Whats the story with 'four punch raiders'
they switched sides
January 21, 2015, 12:03:22 AM
Tell us again how in your view Vikram Pandit is stupid and ill-informed.
How many bitcoins did he buy?Indeed, it is puzzling why Coinbase, of all bitcon companies, is getting so much investment. Perhaps it is going to be more than just a bitcoin payment processor?
By the way, tell us again how in your view Warren Buffett is stupid and ill-informed.
Also by the way: I still would not dare to guess what will happen to the price of bitcoin in the medium term. There may be another market opening, or there may not be. How would I know?
Warren Buffet made some mistakes and lost money sometimes, specially in 2009 crisis. He is maybe the best, but not immune to fail sometimes
January 20, 2015, 11:59:58 PM
January 20, 2015, 11:35:24 PM
Indeed, it is puzzling why Coinbase, of all bitcon companies, is getting so much investment. Perhaps it is going to be more than just a bitcoin payment processor?
On your model, they are going to be installing a bunch of ATMs.Quote
By the way, tell us again how in your view Warren Buffett is stupid and ill-informed.
I have no such views. Buffett is not in a position to understand bitcoin, and he knows it. Thus he stays away from the space, and wisely advises the same for those equally placed. January 20, 2015, 11:34:25 PM
11% p.a. is worth the counterparty risk that is Bitfinex?
i trust it for now. but i will say it's not a large portion of my bitcoin.. same amount i had at just-dice for awhile
January 20, 2015, 11:30:02 PM
lending to idiots who want to short on bitfinex paying 11% a year interest
hope they use my bitcoin to get the price lower so i can pick up more coins before they get short squeezed out of existence
11% p.a. is worth the counterparty risk that is Bitfinex? hope they use my bitcoin to get the price lower so i can pick up more coins before they get short squeezed out of existence
January 20, 2015, 11:27:17 PM
lending to idiots who want to short on bitfinex paying 11% a year interest
hope they use my bitcoin to get the price lower so i can pick up more coins before they get short squeezed out of existence
hope they use my bitcoin to get the price lower so i can pick up more coins before they get short squeezed out of existence
January 20, 2015, 11:26:01 PM
Tell us again how in your view Vikram Pandit is stupid and ill-informed.
How many bitcoins did he buy?Indeed, it is puzzling why Coinbase, of all bitcon companies, is getting so much investment. Perhaps it is going to be more than just a bitcoin payment processor?
By the way, tell us again how in your view Warren Buffett is stupid and ill-informed.
Also by the way: I still would not dare to guess what will happen to the price of bitcoin in the medium term. There may be another market opening, or there may not be. How would I know?
January 20, 2015, 11:25:40 PM
Whats the story with 'four punch raiders'
January 20, 2015, 11:22:14 PM
Our exchanges are run by amateurs and criminals and they are the biggest bottleneck in Bitcoin's valuation.
Haha, isn't it hilarious?
Mark was fucking DPR
January 20, 2015, 11:14:37 PM
Our exchanges are run by amateurs and criminals and they are the biggest bottleneck in Bitcoin's valuation.
Jump to: