Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29794. (Read 26711523 times)

Did someone say "feedback loop"?!

Quick! Buy BUY BUY!!!

I hope not, I still didn't get pay for my last job and I wanna buy cheapcoins too 

The thread is turning bullish , and this is going one hell of a cho choo...

Do I hear a choo choo train in the distance?

We are about to skyrocket in any moment, seems people is starting to understand how strong is Bitcoin

Meh not yet, looks like just a manipulation...

 

yea yea yea

lets go new ATH already...

billiejoeallen, you are more or less correct regarding the inflation issue. While Krugman et al, and all the other keynesian weenies will lambast deflationary currencies because they "don't get spent," what is really the issue here is that inflationary currencies are a "hot potato!" They lose value over time! So correct, there is little incentive to thrift and save, or "ECONOMIZE." Many people forget the definition of the word "economy." So in viewing inflation as "good" because it "encourages spending" and thus stimulates the economy, we can easily forget that it is a slippery slope, a runaway path, and not a sustainable way to stimulate the economy. A healthy economy is actually economical - not full of useless plastic crap and exploitative business models, and an endless desire to consume consume consume, a bottomless pit of consumption.

We can actually view inflationary fiat currency as a wild variation of the "broken window theory" - give people money that damages itself, and it will be spent faster, and in a less sustainable fashion, than money that slowly increases in value or at least remains stable! But keynesians see it being spent more, and spent faster, and see this as a positive thing no matter what the consequences of a "spend all the money!" type of economy - filled with bubbles and useless crap.
Doesn't change the fact that it is outright theft, and is the complete opposite of "economy," to use that word in its original sense.

 

https://bitcointalk.org/index.php?action=help;page=post

Yeah , they know how many coins they have lost and how many usd they have thrown out of the window.

To all those who don't understand why feedback loops trump "news", this comment explains it all.

hum.. quick question off topic but since this thread seems highly reactive: how do you resize pictures you post here using BBcode? (couldnt find the answer, the research tool bar is not very accurate)

Wohooo we´re getting some action, people panic buying... @stamp

I do wonder when Bitstamp will have its withdrawals ready again.

Was going to panic buy but Ill wait and risk it ^^

Don't forget "bitcoin cultist".

spoke too soon, apparently.

Get ready for a dump