Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26146. (Read 26710375 times)

If you were not interested in engaging in a dialogue on these matters, why did you bother responding at all?

I never said I was smarter than you - never even suggested that.  I read what you write, then search vainly for what I wrote that inspired it.  

Suggesting that someone gets all their political opinions from some consumer news outlet is certainly insulting, demeaning, and clearly ad hominem.

I leave you now to continue believing what you believe now, and will always believe, simply because you cannot bear to believe otherwise.  Back in my early 20s, when I was working my butt off to get through school, I was pretty much a full-on Marxist, and thought I was damn clever to understand what my contemporaries were too complacent to see.  I came to understand better though, because I value the truth more than I value my own personal intuition born of ignorance.  I don't claim to know the breadth of your economic education and learning, but I suspect that there are some truths you simply have not read yet - and it's certainly true that none of us is likely to change anyone's economic outlook in this limited medium.

Explanation

Stock analysts upgrade a stock after it runs up and downgrades it after a sell-off.

It sounds like no effort was made to do real research; it reads like a standard /r/bitcoinmarkets post, not like something a bank should be publishing.

Merchant sales only matter if coins are not being replaced.  Otherwise, it is just another buy/sell at market price.  The standard reply is, 'Oh, early adopters are going to spend all their coins at Expedia!1!"  with no evidence.  Since the large addresses are growing in size, this is unlikely to be true.

Due to its anonymous/pseudonymous nature, adoption numbers are almost impossible to know.  The standard reply is to drag out the same old blockchain chart, because we know how reliable their data is  .  Transactions data mean less and less because so many transactions are made off-chain.  The average transaction size has also been dropping for years (ask the hero posters about 10k coin walls or buying 1k coins at once).

My final point: why are major companies accepting btc if no one owns any and btc is slowly losing the battle?  Maybe, just maybe, they know more than many posters.

We do NOT need to agree.  I can make my points and you can make your points, and no need to pursue the matter further.


 
 

Sounds like you are oversimplifying again, and I have NO need to persuade you - especially if we each believe that we made our points, and then the discussion gets diverted into whether one style or another is preferable... Thereafter, we may NOT even recall what was being discussed.


 
 

 Apparently, we are not discussing matters on the same level.  I have repeated that we should consider that there are various ways to spend tax dollars and some ways have a larger affect than others depending upon who gets the money.. and those kinds of multiplier effects should be taken into account when we decide how to allocate our tax dollars.



 

At least in theory it sounds as if you understand the concept of multiplier effect, and I dont really need to come up with any details b/c you seem to want to argue just for the sake of argument.

I will just mention, though, that government investment in transportation was good and can be very good for the economy.  Also government investment in the social security system can be good and has been good for the economy.. the same is true if we were to invest in meaningful single payer healthcare... all good for society and the economy and with good multiplier effects   Devil is in the details, though in terms of where to draw the line exactly... b/c those are community decisions and NO place for me to be saying the exact applications.



 
 

 I presented several ideas already including how many hours people are working and how much they are being paid and are they receiving health care ...

All of these have deteriorated in the past 25 years or more.... so quality of life has gone down in the last 25 years or so.  We do NOT need to agree or argue about this.

If you believe that they have NOT gone down, then you can live with that perspective, I am NOT going to stop you from thinking that we are continuously progressing, if that is what you want to believe.



 

 I suggested that you may be relying too much on Fox news reports, and I doubt that is a personal attack to suggest that your information sources may be less than adequate.


I have no idea whether you are smarter than me, and I dont really care, and we have NO real way of knowing by reading some random thread posts whether one person is smarter than another or whether one person or another has better and more logical conclusions. 


 


Yep.. both of those examples show, in my thinking, that we are NOT better off now as compared with 25 years ago.. but you can go on thinking that we are better off, and I will go on thinking that we are NOT better off, and we do NOT need to resolve those kinds of questions here.

citi? lol! i wouldnt give a shit...

ever followed stock market analysts? most is just BS.

also why should all those miner sell all their mined coins? i am a miner too and i dont sell mined coins. that wasnt my intention form the beginning.

It's the difference between short term and long term. Still market sentiment has proven to be a much stronger influence so when that changes, so will the price and the outlook.

Any of you market-smart guys want to comment on this?:

http://www.coindesk.com/citi-miners-merchants-keeping-bitcoin-prices-check/

Sounds pretty dire, at least for the short term.

Hm, I am seriously thinking to move all my BTC to LTC right now. It just smells the bottom. We tested lows twice and bounced very aggressively.

OKCoin LTC volume is highest ever on any exchange, it's bigger than on btc-e during launch of last huge bubble. Much bigger. And it's 5-8 times bigger than OKCoin LTC volume during that phase.

BTCe volume is not as big though but BTC-e had much bigger share of LTC market back then.

I'm tempted, very tempted.

500$ looks solid from now on

Don't be so pessimistic.  You have a lot of rights within the parameters of communities. 

This has always been the case and your right to punch your fist stops at my nose or at least right before you hit my nose as long as you are not getting in my space and threatening jme.. our rights and duties are reciprocal. 

You should already know these basic concepts about rights and obligations by living in communities and being educated in schools, but frequently we forget that our actions will sometimes affect others.  And, sometimes we are taught badly, too. 

We are also NOT robots and we can make several choices about how to act and about how to expend our personal resources and where to place our bets regarding career and other life choices. 

Each of us also have the right to vote and to participate and to attempt to pursuade others and to lobby and to speak out against what we believe to be unfair and/or unjust.

Explanation

The good, bad and the ugly... they come together as a package and maybe we get a little more of one or a little less of another but surely I do NOT see the solution to be all or nothing or to strive towards extremes..   And, likely bitcoin is NOT going to resolve the need for compromises and human decision makers deciding public goods and sometimes messing it up.

 

Of course Adam will replace them immediately. It's just a proxy for spending his Canadian monopoly notes.

Or the best deal: Hold onto your coins 

25% of at 300 to you know. that or find something nice to buy

That's fine - if you are interested in having a conversation with yourself, which I am coming to realize is exactly what you want.



So your job is simply to read what I write supporting my assertions, then just say "nuhn'uh!"  I am starting to understand your rhetorical style.



Uhm, could you at least share the logic that led you to this conclusion?  I stated an example of a multiplier that fits the context, and you conclude from that one quite valid example that I have a "limited knowledge of the concept of the multiplier effect"?  How exactly does that follow logically?

I can't make any sense of your 'attempt to link Obama performance' at all.  I didn't attempt anything.  I presented an example.  If you think that example is specifically a bad reflection on President Obama, that is a conclusion that your have reached on your own.  I just presented another example of this nonsense Keynesian notion that government spending of money they steal from people who would have spent it themselves, probably more wisely, somehow "multiplies" the effectiveness of that spending.  Richard Nixon made even stupider economic moves when he was president, i.e. wage and price controls...  Jimmy Carter did some very smart economic things as president, i.e. deregulation of the transportation industries.  This is not a Republican vs. Democrat thing.  Stupid and wrong is stupid and wrong no matter who does it.  And the stimulus bill was stupid and wrong.  And there is NO example of any such spending resulting in such a multiplier effect that you can point to with evidence to back it up.  It has never happened.  Not in the US.  Not in the world.  Not in history.  Not ever.  It sounded good when Keynes wrote it, but in practice it just doesn't happen.


Not indications of wealth.  Indications of being better off than someone who DOES NOT have those things.  Yes, that is a narrow definition of 'better off', but I don't think any of us here are qualified to judge every facet of the quality of anyone's life, so we have pick something as an indicator.  If you have an indicator that negates mine, please present it.


You are not making your case more persuasively by turning this into some ad hominem attack, or an attempt to paint me a some political caricature you feel superior to.  I might be right in my beliefs, or I may be wrong - but I am just as well-read and educated on the subjects at hand as you are.  I may disagree with you, but I will respect you and your opinions as long as you afford me the same respect.

I do believe people are better off in general than they were 25 years ago, certainly in terms of material wealth - although, as Richie_T pointed out, that is mitigated somewhat by the fact that we do have to work longer hours now - and we ALL have to work too.  Single income families are not really viable now like they once were.

The only obligation which I have a right to assume is to do at any time what I think right.

spending 500$ at newegg.ca is easier said then done, i only need and external HD... wtf do i do now    i want the 30% off 500$