Slow volume, I've expected more things to happen today.
It's really interesting situation. My view is that 400 has to be broken soon or people might lose confidence and start selling.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32065. (Read 26608384 times)
November 12, 2013, 12:49:39 PM
November 12, 2013, 12:49:07 PM
Everyone please, stop the madness !
I don't wanna see any more posts (probably americans) with people saying saying China wants to see the USD go down.
This is outright wrong, you need to stop reading this Wall observer and go read the newspapers first.
China is the absolute #1 investor in USD. Get your facts straight.
I don't wanna see any more posts (probably americans) with people saying saying China wants to see the USD go down.
This is outright wrong, you need to stop reading this Wall observer and go read the newspapers first.
China is the absolute #1 investor in USD. Get your facts straight.
Well, since you apparently have your facts straight, please point me to a source that verifies you claim that "China is the absolute #1 investor in USD".
They do own many billions worth of our bonds.
November 12, 2013, 12:43:39 PM
Everyone please, stop the madness !
I don't wanna see any more posts (probably americans) with people saying saying China wants to see the USD go down.
This is outright wrong, you need to stop reading this Wall observer and go read the newspapers first.
China is the absolute #1 investor in USD. Get your facts straight.
I don't wanna see any more posts (probably americans) with people saying saying China wants to see the USD go down.
This is outright wrong, you need to stop reading this Wall observer and go read the newspapers first.
China is the absolute #1 investor in USD. Get your facts straight.
Well, since you apparently have your facts straight, please point me to a source that verifies you claim that "China is the absolute #1 investor in USD".
November 12, 2013, 12:39:51 PM
Everyone please, stop the madness !
I don't wanna see any more posts (probably americans) with people saying saying China wants to see the USD go down.
This is outright wrong, you need to stop reading this Wall observer and go read the newspapers first.
China is the absolute #1 investor in USD. Get your facts straight.
I don't wanna see any more posts (probably americans) with people saying saying China wants to see the USD go down.
This is outright wrong, you need to stop reading this Wall observer and go read the newspapers first.
China is the absolute #1 investor in USD. Get your facts straight.
November 12, 2013, 12:29:20 PM
What come's next when Bank of America is promoting Bitcoin to it's bussines customers? A crash? 
Link
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Interesting. Looks like a blog type post though, I doubt it had to go past the top brass before being published. Still however, someone must have seen it and though "yeah thats okay" so it's a good start.
~anything goes in San Fran-psyco! LOL
November 12, 2013, 12:25:48 PM
What come's next when Bank of America is promoting Bitcoin to it's bussines customers? A crash?
Link
Link
those clowns!~> the Herndon VA branch still owes me like $100 some bucks from when i tried to withdraw right before the Y2K run!!
*that experience is what made me give up on banks and switch to using credit unions~fwiw 
November 12, 2013, 12:20:57 PM
What come's next when Bank of America is promoting Bitcoin to it's bussines customers? A crash?
Link
Link
Interesting. Looks like a blog type post though, I doubt it had to go past the top brass before being published. Still however, someone must have seen it and though "yeah thats okay" so it's a good start.
From the bottom of the page:
Quote
Note: Bank of America is not responsible for user posts and other user content appearing on this website and does not endorse or guarantee the perspectives, the advice, the users, the businesses, or the products or services offered by any users or businesses that appear on this website.
November 12, 2013, 12:16:29 PM
What come's next when Bank of America is promoting Bitcoin to it's bussines customers? A crash?
Link
Link
Interesting. Looks like a blog type post though, I doubt it had to go past the top brass before being published. Still however, someone must have seen it and though "yeah thats okay" so it's a good start.
November 12, 2013, 12:04:03 PM
I just don't see how bitcoin could become a major currency to buy and sell goods without the volatility issue being mitigated first. This is why I think the 400 billion market cap should come first, and afterwards the whole currency shabang.
I think this is right. Bitcoin, as a decentralized currency, simply can't be brought into existence as a usable currency by the standards of what we're all used to right out of the gate. Its design ensures that that cannot be the case. Its design practically demands it be a speculative vehicle at the get go (for who knows how long). What's really interesting is that it's attraction as a speculative vehicle during it's growth phase is, it appears, a necessary step to becoming a decentralized currency (in the useful sense we're all used to in terms of stability, etc.). If it weren't for its speculative attraction, how would it ever reach a valuation capable of handling lots of transactions for lots of products (from homes to candy bars) on an international scale?
Speculation is necessary, and welcomed.
When you start with an idea as brilliant as Bitcoin, yet it's initially worth nothing, you are going to have a long and volatile price discovery period. Speculation, even though it may not seem so from a casual glance, provides liquidity and reduces volatility.
A decentralized, voluntary solution probably isn't going to reach it's maximum potential instantly. It's going to take time. We've barely cracked the surface here.
Completely agree.
November 12, 2013, 12:01:30 PM
I just don't see how bitcoin could become a major currency to buy and sell goods without the volatility issue being mitigated first. This is why I think the 400 billion market cap should come first, and afterwards the whole currency shabang.
well CCTV will explain it to you....
http://www.youtube.com/watch?v=BKEZQ4RFghE
China wants to dump the dollar , is just that simple ,, they want a currency beyond political control ,
a consensus currency more nutral as the red cross.
bull$hit ..guess who holds most of the bonds? ...hmmm
exactly! China does , so if the whole population has its savings etc in bitcoins they can savely dump them whitout
riots , of chineese population
and when done saveley switch to a BTC economy.
November 12, 2013, 11:56:42 AM
What come's next when Bank of America is promoting Bitcoin to it's bussines customers? A crash?
Link
Link
that is outstanding. Maybe they have plans to implement it somehow? I wonder how B of A can take advantage of bitcoin so that everyone wins....
by the way, that's my bank. They seem to be very up on technological advances, which is why I went to them.
November 12, 2013, 11:50:10 AM
I just don't see how bitcoin could become a major currency to buy and sell goods without the volatility issue being mitigated first. This is why I think the 400 billion market cap should come first, and afterwards the whole currency shabang.
I think this is right. Bitcoin, as a decentralized currency, simply can't be brought into existence as a usable currency by the standards of what we're all used to right out of the gate. Its design ensures that that cannot be the case. Its design practically demands it be a speculative vehicle at the get go (for who knows how long). What's really interesting is that it's attraction as a speculative vehicle during it's growth phase is, it appears, a necessary step to becoming a decentralized currency (in the useful sense we're all used to in terms of stability, etc.). If it weren't for its speculative attraction, how would it ever reach a valuation capable of handling lots of transactions for lots of products (from homes to candy bars) on an international scale?
November 12, 2013, 11:39:26 AM
I just don't see how bitcoin could become a major currency to buy and sell goods without the volatility issue being mitigated first. This is why I think the 400 billion market cap should come first, and afterwards the whole currency shabang.
well CCTV will explain it to you....
http://www.youtube.com/watch?v=BKEZQ4RFghE
China wants to dump the dollar , is just that simple ,, they want a currency beyond political control ,
a consensus currency more nutral as the red cross.
bull$hit ..guess who holds most of the bonds? ...hmmm
November 12, 2013, 11:37:06 AM
I just don't see how bitcoin could become a major currency to buy and sell goods without the volatility issue being mitigated first. This is why I think the 400 billion market cap should come first, and afterwards the whole currency shabang.
well CCTV will explain it to you....
http://www.youtube.com/watch?v=BKEZQ4RFghE
China wants to dump the dollar , is just that simple ,, they want a currency beyond political control ,
a consensus currency more nutral as the red cross.
yep, the chinese are behind satoshi nakamoto. they´ve choosen a japanese name, which is brilliant cover for a chinese incentive.
November 12, 2013, 11:20:29 AM
I just don't see how bitcoin could become a major currency to buy and sell goods without the volatility issue being mitigated first. This is why I think the 400 billion market cap should come first, and afterwards the whole currency shabang.
well CCTV will explain it to you....
http://www.youtube.com/watch?v=BKEZQ4RFghE
China wants to dump the dollar , is just that simple ,, they want a currency beyond political control ,
a consensus currency more nutral as the red cross.
November 12, 2013, 11:02:20 AM
it's understandable that the questioner would be concerned about a currency who's value changes radically at times, but when you look at the long term charts, it would seem that more and more businesses would gladly accept them once they understand the risk/return.
Imagine selling one computer to someone for 20 BTC (when bitcoin was $65 = $1300) earlier this year, and keeping them safe in a cold wallet. Meanwhile all the others you sold with USD. That one computer sale would now net you close to $8000 so far. That's not a bad profit from simply having a "buy with bitcoin!" button next to your product.
Imagine selling one computer to someone for 20 BTC (when bitcoin was $65 = $1300) earlier this year, and keeping them safe in a cold wallet. Meanwhile all the others you sold with USD. That one computer sale would now net you close to $8000 so far. That's not a bad profit from simply having a "buy with bitcoin!" button next to your product.
And remember, as more and more people accept and use it, it will be more like using a dollar, where things will be priced in such a manner that it won't matter the value of a dollar, it will be, "How much is it worth in bitcoin". The hardest part about this whole thing is that it's going from the bottom up. We, as consumers are trying to get merchants to accept it, and the merchants either need to convert, or get their vendors to accept it, and so forth. If we could get a very large vendor to accept it as payment for something that many people purchase and resell, then we'd really have a decent grasp on the economy...
Patience my friend... all in the right order
November 12, 2013, 11:02:02 AM
November 12, 2013, 10:58:35 AM
it's understandable that the questioner would be concerned about a currency who's value changes radically at times, but when you look at the long term charts, it would seem that more and more businesses would gladly accept them once they understand the risk/return.
Imagine selling one computer to someone for 20 BTC (when bitcoin was $65 = $1300) earlier this year, and keeping them safe in a cold wallet. Meanwhile all the others you sold with USD. That one computer sale would now net you close to $8000 so far. That's not a bad profit from simply having a "buy with bitcoin!" button next to your product.
Imagine selling one computer to someone for 20 BTC (when bitcoin was $65 = $1300) earlier this year, and keeping them safe in a cold wallet. Meanwhile all the others you sold with USD. That one computer sale would now net you close to $8000 so far. That's not a bad profit from simply having a "buy with bitcoin!" button next to your product.
And remember, as more and more people accept and use it, it will be more like using a dollar, where things will be priced in such a manner that it won't matter the value of a dollar, it will be, "How much is it worth in bitcoin". The hardest part about this whole thing is that it's going from the bottom up. We, as consumers are trying to get merchants to accept it, and the merchants either need to convert, or get their vendors to accept it, and so forth. If we could get a very large vendor to accept it as payment for something that many people purchase and resell, then we'd really have a decent grasp on the economy...
November 12, 2013, 10:55:33 AM
it's understandable that the questioner would be concerned about a currency who's value changes radically at times, but when you look at the long term charts, it would seem that more and more businesses would gladly accept them once they understand the risk/return.
Imagine selling one computer to someone for 20 BTC (when bitcoin was $65 = $1300) earlier this year, and keeping them safe in a cold wallet. Meanwhile all the others you sold with USD. That one computer sale would now net you close to $8000 so far. That's not a bad profit from simply having a "buy with bitcoin!" button next to your product.
Imagine selling one computer to someone for 20 BTC (when bitcoin was $65 = $1300) earlier this year, and keeping them safe in a cold wallet. Meanwhile all the others you sold with USD. That one computer sale would now net you close to $8000 so far. That's not a bad profit from simply having a "buy with bitcoin!" button next to your product.
November 12, 2013, 10:44:57 AM
I just don't see how bitcoin could become a major currency to buy and sell goods without the volatility issue being mitigated first. This is why I think the 400 billion market cap should come first, and afterwards the whole currency shabang.
Doesn't a lot of world trade happen in USD$ as it's the world's reserve currency? It is volatile no? (admittedly not to the same extent)
Weren't you only yesterday saying that you don't want to trade on bitstamp because of the volitility between EUR/USD?
Point is.. trade still happens.. and it will (it has to!) volatillity or not. This is something people in business, especially in this globalised world know about, and generally dislike.
By the time a payment has cleared they have either gained some extra or lost a little extra. This is life.
What if two agents on different sides of the world set their price in btc, and worked in btc. No waiting. No exchange fees, No credit card or banking fees.
What little fluctuation occured, would be offset by the gains of almost zero fees (above).
It is often argued that aas bitcoin gains market share and acceptance that such volatility will even itself out, leading to a more stable value in time.
This further negates the volitility argument.
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