Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24982. (Read 26711016 times)

If the currency is inflating @ 10% a year, and its dollar exchange rate has fallen by more than 50% in 2014?  Let's just say "not very smart."

No, just those who try to swindle others by selling them shares of dry oil wells, water-powered cars, ponzi schemes, etc..

Real estate, and stocks of large, established and diversified companies are usually a safe investment.  Even if they are overpriced at some point, and may crash eventually, there is a limit to how much they can go down before hitting their fair price.  Since they are material property, their real value will not be affected by inflation.  For those who are too lazy or small to use those investments, there are many bonds and investment funds that are somewhat riskier and offer smaller returns, but will still protect from inflation.

No one can honestly predict the future of bitcoin.  It may rise again to thousands of dollars, or it may be superseded by something else and go down to zero.   It is a big gamble, a lottery ticket with unknown odds.  People should be free to gamble, but must know that it is gambling and not investment.

...
assuming you invest in a currency of country which has a limited supply of money and you can be pretty sure that it will never be changed.

assume further that this country has the possibility to fill some niches in the global economy

you think it is insane to invest in the currency of this country?

http://www.csmonitor.com/USA/DC-Decoder/Decoder-Buzz/2014/1017/Obama-credit-card-declined-Does-he-need-to-get-out-more-video


should consider bitcoin  

No, just those who try to swindle others by selling them shares of dry oil wells, water-powered cars, ponzi schemes, etc..

No sane person would invest in cash, unless the money came from some illegal activity, or one is trying to evade taxes.

Real estate, and stocks of large, established and diversified companies are usually a safe investment.  Even if they are overpriced at some point, and may crash eventually, there is a limit to how much they can go down before hitting their fair price.  Since they are material property, their real value will not be affected by inflation.  For those who are too lazy or small to use those investments, there are many bonds and investment funds that are somewhat riskier and offer smaller returns, but will still protect from inflation.

I don't have much to say about gold, except that it seems to be vastly overpriced, and its price charts are not nice at all.

No one can honestly predict the future of bitcoin.  It may rise again to thousands of dollars, or it may be superseded by something else and go down to zero.   It is a big gamble, a lottery ticket with unknown odds.  People should be free to gamble, but must know that it is gambling and not investment.

My thoughts exactly. It seems strange that such a large order would sit there untouched that long without being moved.

If indeed whoever placed it is sleeping, it probably is real. If it was set to be pulled if sold into past a point, one might think that it would also be set to be moved up if it got left too far behind.

I guess we'll find out in a few hours. If it were to be pulled and used for a market buy, it would seriously bump the price up.

I bet he's a buyer and not a let me send over $3 million to an exchange to pump the price...guy

We should know by tomorrow morning China time anyways..if he begins to chase, pulls it, or leaves it as is

eurch jorge is back. It's been lovely without him.

Surely everybody who has a different economic opinion than yours deserves to rot in jail.....

I don't think he knows what they feed on.

It seems to have accomplished its purpose over the 9-10 hours it's been there. The price has risen from 2300 to around 2400.

^ why feed?

It is hard to be "constructive" in a field that is chock full of wishful thinking, sales hype, and outright fraud.

When I started looking into bitcoin, last December, at first I tried to be helpful.  If you were around, you may have seen the daily tabulations of exchange volumes, and various analyses, and some attempts at predicting the price.  But eventually I stopped because I realized that (a) the little data that exists is incomplete, censored, and impossible to interpret, and (b) no one here wants to know the truth, they only want to hear that bitcoin is wonderful and growing and everything is going well.  

For example, my tabulations of exchange volume were scoffed at because I insisted on including the volume of Huobi and OKCoin, that everybody claimed was "fake".  There was no evidence of that (and no one asked how much of bitstamp's volume was just arbitrage), but folks just didn't like the notion that China was in control of the price.  Even to this day, many bitcoiners talk and trade as if China does not exist (and are mystified when Western "great news" do not make a blip in the charts).  And then I learned that there were other large exchanges in China besides those two, not shown in any Western site; so my percentages were all wrong -- in the "wrong" direction.

Most bitcoin entrepreneurs (like Sielbert, Matonis, the Winkles, etc.) will never admit that China exists.  Can you imagine them saying: "By investing in our fund, you will tie the fate your lifetime savings to the collective mood of a few thousand amateur Chinese speculators.  But don't worry, even if you lose all you money, we the fund managers will get to keep about 5% of what you invested."

It is hard to be "constructive" in a field that is chock full of wishful thinking, sales hype, and outright fraud.

When I started looking into bitcoin, last December, at first I tried to be helpful.  If you were around, you may have seen the daily tabulations of exchange volumes, and various analyses, and some attempts at predicting the price.  But eventually I stopped because I realized that (a) the little data that exists is incomplete, censored, and impossible to interpret, and (b) no one here wants to know the truth, they only want to hear that bitcoin is wonderful and growing and everything is going well.  

For example, my tabulations of exchange volume were scoffed at because I insisted on including the volume of Huobi and OKCoin, that everybody claimed was "fake".  There was no evidence of that (and no one asked how much of bitstamp's volume was just arbitrage), but folks just didn't like the notion that China was in control of the price.  Even to this day, many bitcoiners talk and trade as if China does not exist (and are mystified when Western "great news" do not make a blip in the charts).  And then I learned that there were other large exchanges in China besides those two, not shown in any Western site; so my percentages were all wrong -- in the "wrong" direction.

Most bitcoin entrepreneurs (like Sielbert, Matonis, the Winkles, etc.) will never admit that China exists.  Can you imagine them saying: "By investing in our fund, you will tie the fate your lifetime savings to the collective mood of a few thousand amateur Chinese speculators.  But don't worry, even if you lose all you money, we the fund managers will get to keep about 5% of what you invested."

Solid inverse H&S forming Screenshot image