goodbye $580
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26498. (Read 26608322 times)
August 05, 2014, 08:26:12 AM
$57x
goodbye $580
goodbye $580
August 05, 2014, 08:20:56 AM
What I wonder, with these multiple hundred coin dumps: Where do they get them from? Do they print them? 
24 * 6 * 25 = 3,600 new coins mined everyday. Miners sell them to pay bills (electricity, miners..).
And they're so stinking rich they don't care about slippage?
August 05, 2014, 08:19:17 AM
Remember it's only money. Or is it 
For the old Beatles fans
Ask the guy who says "I'm the taxman, ... yeaa I'm the taxman ...an"
If this doesn't make sense, you're too young to be complaining
For the old Beatles fans
Ask the guy who says "I'm the taxman, ... yeaa I'm the taxman ...an"
If this doesn't make sense, you're too young to be complaining
August 05, 2014, 08:15:26 AM
What I wonder, with these multiple hundred coin dumps: Where do they get them from? Do they print them?
MtGox' coins.
August 05, 2014, 08:15:06 AM
What I wonder, with these multiple hundred coin dumps: Where do they get them from? Do they print them?
24 * 6 * 25 = 3,600 new coins mined everyday. Miners sell them to pay bills (electricity, miners..).
August 05, 2014, 08:13:48 AM
What I wonder, with these multiple hundred coin dumps: Where do they get them from? Do they print them?
August 05, 2014, 07:59:51 AM
August 05, 2014, 07:37:26 AM
Hoarders who stall economic growth are punished for a reason.
At last bitcoin learned me that lesson.
really? how?
August 05, 2014, 07:34:28 AM
1. Most people cannot. Even most university graduates cannot.
2. The real inflation is an order of magnitude higher than 3%
2. The real inflation is an order of magnitude higher than 3%
1. Any monkey throwing darts at a list of stocks and other capital assets can even get higher yields than that.
2. Typical gold bug/libertarian argument. Yeah, stay away from that risky fiat and buy gold/silver, even though you will probably get slaughtered more holding precious metals over the next couple of years.
August 05, 2014, 07:29:27 AM
Part of me hates the small percent who owns most of the coins, just sell some already and jump start bitcoin. Greedy early adopters
The distribution will get worse. It is the little guys who panic sell, take big risks and lose everything, and generally don't understand the market. They are the ones who will sell GABI and COIN cheap coins and then watch the price quintuple. When the price is $5k, they will be angry at everyone except themselves. It is heartbreaking, but we all know it is true and we know it will happen.
For the little guys, buy and hold is a good strategy (but not as good as buy, spend, rebuy). Selling every time the price drops 5% makes them roadkill. The price increases, on average, 0.6% per day. Have some patience while the whales play their silly games.
NB: I admire any early adopters that still have most of the coins after the last 18 months. I do wish they would do more to help the market though: less manipulation, more supporting the infrastructure around their investment.
August 05, 2014, 07:25:33 AM
As if holding fiat stalls economic growth. As if fiat is not designed to steal from the uneducated who don't know what else to hold than fiat.
It's not that difficult to protect yourself from about 3% inflation. If one can't manage that they are doing it all wrong.
For the average person it is a lot safer and easier to protect yourself from about 3% inflation (at least in Western countries) than to speculate in something crazy like bitcoin.
What's a better investment?
August 05, 2014, 07:21:46 AM
So who do you think orchestrated our educational system? Mother nature?
The global education system is colorful and with all kinds of choices for different people.
Sadly to some, it doesn't offer a choice where you can be well rewarded without doing hard work. Most can earn as much as they are willing to work for.
August 05, 2014, 07:14:00 AM
As if holding fiat stalls economic growth. As if fiat is not designed to steal from the uneducated who don't know what else to hold than fiat.
It's not that difficult to protect yourself from about 3% inflation. If one can't manage that they are doing it all wrong.
For the average person it is a lot safer and easier to protect yourself from about 3% inflation (at least in Western countries) than to speculate in something crazy like bitcoin.
1. Most people cannot. Even most university graduates cannot.
2. The real inflation is an order of magnitude higher than 3%
August 05, 2014, 07:11:09 AM
August 05, 2014, 07:07:08 AM
As if holding fiat stalls economic growth. As if fiat is not designed to steal from the uneducated who don't know what else to hold than fiat.
The educated get rewarded, the uneducated do not.
Survival of the fittest isn't a conspiracy orchestrated by the evil banksters.
So who do you think orchestrated our educational system? Mother nature?
August 05, 2014, 07:05:43 AM
Lesson to be learnt:
Don't use that stinking shit they call "money".
They'll rip you off longterm.
Short fiat, long everything else.
Fiat is not meant to be hodled.. it's meant to be invested or consumed.
She and everyone else was conditioned to save their money for later.
It's even worse. I am obliged to save for my pension while I KNOW it is worthless when I want to redeem it.
Hoarders who stall economic growth are punished for a reason.
At last bitcoin learned me that lesson.
August 05, 2014, 07:00:47 AM
As if holding fiat stalls economic growth. As if fiat is not designed to steal from the uneducated who don't know what else to hold than fiat.
It's not that difficult to protect yourself from about 3% inflation. If one can't manage that they are doing it all wrong.
For the average person it is a lot safer and easier to protect yourself from about 3% inflation (at least in Western countries) than to speculate in something crazy like bitcoin.
August 05, 2014, 06:59:54 AM
August 05, 2014, 06:59:24 AM
As if holding fiat stalls economic growth. As if fiat is not designed to steal from the uneducated who don't know what else to hold than fiat.
The educated get rewarded, the uneducated do not.
Survival of the fittest isn't a conspiracy orchestrated by the evil banksters.
August 05, 2014, 06:54:07 AM
Don't use that stinking shit they call "money".
They'll rip you off longterm.
Short fiat, long everything else.
Fiat is not meant to be hodled.. it's meant to be invested or consumed.
Hoarders who stall economic growth are punished for a reason.
As if holding fiat stalls economic growth. As if fiat is not designed to steal from the uneducated who don't know what else to hold than fiat.
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