Not too late folks!
Don't be this guy...
Don't be this guy...
You had a coordinated pump of about 10,000 coins... and Stamp rose, what... 2 bucks. Ummm... have fun with that s---.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24703. (Read 26713621 times)
November 06, 2014, 10:32:35 AM
You had a coordinated pump of about 10,000 coins... and Stamp rose, what... 2 bucks. Ummm... have fun with that s---.
November 06, 2014, 10:31:40 AM
Up to 344 USD on coindesk now.
November 06, 2014, 10:30:58 AM
A little uptrend there, I think we can go to $355-$360 for now (before possibly resuming down).
November 06, 2014, 10:29:39 AM
Monopolies were created by governments and do not arise in the free market absent government intervention
Deadly serious. I'm betting my life savings on it.
one example?
(I do know of just one)
I'll bite. What is it? Even the State itself, the ultimate monopoly, faces competition. People who seek to externalize costs soon find themselves at odds with most of the vast body of humanity.
November 06, 2014, 10:26:21 AM
Not too late folks!
Don't be this guy...
Don't be this guy...
November 06, 2014, 10:24:59 AM
...
I don't get it, there are literally hundreds of examples for monopolies in free markets.
I don't get it, there are literally hundreds of examples for monopolies in free markets.
No there aren't. Dig under the surface and you can find government intervention everywhere...
But dig a bit further down, and... Nah. Keep hatin' on your gubermints, earthlings.
~Your Beneficent Reptilian Overlords.
November 06, 2014, 10:24:08 AM
I like this slow creeping up to 350$ much more than huge jump and then crash 
. I think this price climb is worth more .
. I think this price climb is worth more . Double bottom first.
That happened already in the sense of certain moving averages based on certain points in that time frame. It didn't happen in the sense of raw numbers but there was a 30k sell wall last time which isn't very representative. So, unless somebody plans to emerge another similar wall and/or sell a similar amount during a short time frame in any public form, I wouldn't expect the raw numbers to shoot that far from the moving average. Thus, I guess it won't go down below 300$ any time soon. However, I am far from being sure enough to do a leveraged margin buy @340$. I am just saying that your second bottom is technically behind us, thus I wouldn't wait for it too long if it seems to be taking off.
Edit: LOL, I should have executed that buy instead of typing. It went up 6$ by the time I posted.
November 06, 2014, 10:19:03 AM
Monopolies were created by governments and do not arise in the free market absent government intervention
Deadly serious. I'm betting my life savings on it.
No there aren't. Dig under the surface and you can find government intervention everywhere. Take Microsoft for example. It is far from a monopoly even in the Operating system space, but Bill Gate's wealth is largely dependent on taxpayer-supported copyright, patent and trademark enforcement "intellectual property". MS even has a lobying firm on K street in Washington D.C. to make sure copyright enforcement is built into trade treaties. Gates isn't even a good technologist. He's the son of a lawyer who re-marketed some crap he bought for a few thousand dollars called "Quick and Dirty Operating System" to IBM and the government did most of the rest.
November 06, 2014, 10:12:18 AM
Monopolies were created by governments and do not arise in the free market absent government intervention
Deadly serious. I'm betting my life savings on it.
one example?
(I do know of just one)
November 06, 2014, 10:03:17 AM
Monopolies were created by governments and do not arise in the free market absent government intervention
Natural monopoly theory is thoroughly debunked.
I don't get it, there are literally hundreds of examples for monopolies in free markets.
You misspelled "zero." November 06, 2014, 10:02:52 AM
http://www.reddit.com/r/Bitcoin/comments/2lfjpk/changetip_is_causing_bitcoin_to_go_viral_right_now/
Will be interesting to see the effects of this.
Will be interesting to see the effects of this.
Indeed, lets see if we can get some new bitcoin users
November 06, 2014, 10:00:25 AM
November 06, 2014, 09:59:46 AM
http://www.reddit.com/r/Bitcoin/comments/2lfjpk/changetip_is_causing_bitcoin_to_go_viral_right_now/
Will be interesting to see the effects of this.
Will be interesting to see the effects of this.
November 06, 2014, 09:59:26 AM
Monopolies were created by governments and do not arise in the free market absent government intervention
Deadly serious. I'm betting my life savings on it.
November 06, 2014, 09:58:27 AM
Monopolies were created by governments and do not arise in the free market absent government intervention
Deadly serious. I'm betting my life savings on it. Economies of scale simply mean that competition is limited to players with large amounts of capital. The more profitable some business is, the more it attracts other large players with sufficient capital to compete. That's why it's called "capitalism" boys and girls.
November 06, 2014, 09:57:32 AM
Monopolies were created by governments and do not arise in the free market absent government intervention
November 06, 2014, 09:56:38 AM
There's no such thing as a "natural monopoly". Monopolies were created by governments and do not arise in the free market absent government intervention. One of the things I love about Bitcoin is how it validates Austrian Economic theory to the consternation of more conventional economic theorists. Look, even electric companies face competition, even when there are no economies of scale to run redundant power lines. There is alternative forms of power generation and substitutes. So it is not just direct or even indirect competition that restrains dominant market players but just the threat of potential competition.
What happens is that the moment a dominant market players begins to charge higher than free market prices, the competitors begin to come online. You can be the 800 pound gorilla in the room only as long as you act like you are not one.
November 06, 2014, 09:44:17 AM
I like this slow creeping up to 350$ much more than huge jump and then crash . I think this price climb is worth more .
. I think this price climb is worth more . Double bottom first.
I agree, but I could so easily be wrong. I missed the train from $400 up to $680 the first time and it was a terrible feeling. At these prices, you can ride it up if it rockets or double up on the double dip. Max out the credit cards and hit the loan sharks on another dip to $300. There's no way Bitcoin should have a market cap <25% of What's App. Theses are the days of accumulating positions that lead to generational wealth.
November 06, 2014, 09:41:45 AM
He has a point regarding mining centralisation though.
He really does, this needs to be fixed.He's so wrong on so many (maybe ALL the) others though...
November 06, 2014, 09:39:36 AM
He has a point regarding mining centralisation though.
He really does, this needs to be fixed. Jump to: