Welcome back, rpietila! And welcome to the new guys. I'm happy to see more people with a professional background getting in.
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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33006. (Read 26466713 times)
June 11, 2013, 05:47:10 PM
June 11, 2013, 05:44:05 PM
This is what scare guys like coin seeker, it feels so warm and comfortable in FEDs bosom, or using Ripple, the final "debt+trust as a currency" centralized system....
BTC its not only internet's cash, free as a bird and superior by orders of magnitude to its paper counterpart, it's also regulated by math and not by those who have the power to press the button of the money printing machines.
A lot of power to the people, gentlemen.
Power to the rich people and massive coin holders. No different than the current banking and government status quo. Just nerdier.
What you say is that wealthy people rules, well thats how capitalism works, and Bitcoin was never designed to address that. Its just the most neutral form of money you can conceive. And "the current banking system and government status quo" face a huge, game-changing challenge with Bitcoin, only that by itself is a huge step forward.
We'll just have to agree to disagree on the "game-changing challenge". $1 billion market cap?? Laughable at best. It's not even a drop, of a drop in the bucket. They're not worried. Not at all.
I'll go for *potentially* game changing.
I dream of a hardware miner/wallet that you'd use as your home ATM...plug and play, secure.
Yeah, mini USB miners could have such a potential, if only a player could have the manufacturing resources to produce millions of them and price them reasonably, it could do so much for wider adoption... A machine that actually produces income, explain that to your grandma
June 11, 2013, 05:42:23 PM
No one can change the creation rate of bitcoin.
That alone is an awesome property as it incentivises people to invest in real value creation to make wealth.
The current system rewards greedy bankers creating complex financial instruments that effectively lead to governments bailing them out by inflating away savings, pensions etc.
If bitcoins ruled, or even became a mainstream option, there would be pressure on central bankers to reduce money printing, as otherwise people would choose bitcoin.
The world's greatest minds could then concentrate on engineering, environmental terraforming, medicine and agriculture to actually improve mankind's lot.
That alone is an awesome property as it incentivises people to invest in real value creation to make wealth.
The current system rewards greedy bankers creating complex financial instruments that effectively lead to governments bailing them out by inflating away savings, pensions etc.
If bitcoins ruled, or even became a mainstream option, there would be pressure on central bankers to reduce money printing, as otherwise people would choose bitcoin.
The world's greatest minds could then concentrate on engineering, environmental terraforming, medicine and agriculture to actually improve mankind's lot.
June 11, 2013, 05:21:08 PM
Oh its so bad that i have to sleep now , it will probebly be some bigger buys/sells in the nearest 8 hours 
Im all out at the moment hoping for that big down but im aldo scared to miss that big up , europe to bed now .
Im all out at the moment hoping for that big down but im aldo scared to miss that big up , europe to bed now .
June 11, 2013, 05:06:53 PM
This is what scare guys like coin seeker, it feels so warm and comfortable in FEDs bosom, or using Ripple, the final "debt+trust as a currency" centralized system....
BTC its not only internet's cash, free as a bird and superior by orders of magnitude to its paper counterpart, it's also regulated by math and not by those who have the power to press the button of the money printing machines.
A lot of power to the people, gentlemen.
Power to the rich people and massive coin holders. No different than the current banking and government status quo. Just nerdier.
What you say is that wealthy people rules, well thats how capitalism works, and Bitcoin was never designed to address that. Its just the most neutral form of money you can conceive. And "the current banking system and government status quo" face a huge, game-changing challenge with Bitcoin, only that by itself is a huge step forward.
We'll just have to agree to disagree on the "game-changing challenge". $1 billion market cap?? Laughable at best. It's not even a drop, of a drop in the bucket. They're not worried. Not at all.
I'll go for *potentially* game changing.
I dream of a hardware miner/wallet that you'd use as your home ATM...plug and play, secure.
June 11, 2013, 05:03:56 PM
This is what scare guys like coin seeker, it feels so warm and comfortable in FEDs bosom, or using Ripple, the final "debt+trust as a currency" centralized system....
BTC its not only internet's cash, free as a bird and superior by orders of magnitude to its paper counterpart, it's also regulated by math and not by those who have the power to press the button of the money printing machines.
A lot of power to the people, gentlemen.
Power to the rich people and massive coin holders. No different than the current banking and government status quo. Just nerdier.
What you say is that wealthy people rules, well thats how capitalism works, and Bitcoin was never designed to address that. Its just the most neutral form of money you can conceive. And "the current banking system and government status quo" face a huge, game-changing challenge with Bitcoin, only that by itself is a huge step forward.
We'll just have to agree to disagree on the "game-changing challenge". $1 billion market cap?? Laughable at best. It's not even a drop, of a drop in the bucket. They're not worried. Not at all.
June 11, 2013, 05:01:40 PM
I think that, like in every market, BTC is regulated by whalemath. Liquidity is an obvious issue and Bitcoin would greatly benefit from a simplification of the exchange with fiat. It's a PAIN to get into Bitcoin. Exchanges should (probably) also work closer together to allow for more arbitrage opportunities.
It would be fine for Bitcoin and traders but not for monopoly exchange.
They "just" need to agree on margins. No reason anyone should be cheated. Also, more trades = more money for the exchanges.
June 11, 2013, 05:00:30 PM
June 11, 2013, 04:54:42 PM
The big speculators are easy to beat. Just don't play their game.
BUY??? SELL???
yes both!
June 11, 2013, 04:52:37 PM
The big speculators are easy to beat. Just don't play their game.
BUY??? SELL???
June 11, 2013, 04:51:06 PM
The big speculators are easy to beat. Just don't play their game.
June 11, 2013, 04:48:40 PM
So much ideology ITT, so little talk of price movement. Oh I guess there is no price movement. Until this wedge breaks and we see some more big dumps. 
June 11, 2013, 04:43:06 PM
This is what scare guys like coin seeker, it feels so warm and comfortable in FEDs bosom, or using Ripple, the final "debt+trust as a currency" centralized system....
BTC its not only internet's cash, free as a bird and superior by orders of magnitude to its paper counterpart, it's also regulated by math and not by those who have the power to press the button of the money printing machines.
A lot of power to the people, gentlemen.
Power to the rich people and massive coin holders. No different than the current banking and government status quo. Just nerdier.
What you say is that wealthy people rules, well thats how capitalism works, and Bitcoin was never designed to address that. Its just the most neutral form of money you can conceive. And "the current banking system and government status quo" face a huge, game-changing challenge with Bitcoin, only that by itself is a huge step forward.
June 11, 2013, 04:28:52 PM
This is what scare guys like coin seeker, it feels so warm and comfortable in FEDs bosom, or using Ripple, the final "debt+trust as a currency" centralized system....
BTC its not only internet's cash, free as a bird and superior by orders of magnitude to its paper counterpart, it's also regulated by math and not by those who have the power to press the button of the money printing machines.
A lot of power to the people, gentlemen.
Power to the rich people and massive coin holders. No different than the current banking and government status quo. Just nerdier.
June 11, 2013, 04:24:41 PM
I think that, like in every market, BTC is regulated by whalemath. Liquidity is an obvious issue and Bitcoin would greatly benefit from a simplification of the exchange with fiat. It's a PAIN to get into Bitcoin. Exchanges should (probably) also work closer together to allow for more arbitrage opportunities.
It would be fine for Bitcoin and traders but not for monopoly exchange.
June 11, 2013, 04:22:28 PM
The biggest threat to Bitcoin right now IS regulation.
+1 can't argue with thatI do.
The biggest threat to regulation is Bitcoin
This is what scare guys like coin seeker, it feels so warm and comfortable in FEDs bosom, or using Ripple, the final "debt+trust as a currency" centralized system....
BTC its not only internet's cash, free as a bird and superior by orders of magnitude to its paper counterpart, it's also regulated by math and not by those who have the power to press the button of the money printing machines.
A lot of power to the people, gentlemen.
I think that, like in every market, BTC is regulated by whalemath. Liqidity is an obvious issue and Bitcoin would greatly benefit from a simplification of the exchange with fiat. It's a PAIN to get into Bitcoin. Exchanges should (probably) also work closer together to allow for more arbitrage opportunities.
True. Buying your first Bitcoins is slow. Deciding to throw serious money at it is a lengthy process, first you need to feel confident with its "shaky" infrastructure (Gox et. al).. This is why it's a huge opportunity to be into BTC now, because money flow to BTC is much slower than it could be. When real money starts to pour in, there will be a bubble of epic proportions. All time high $ on Gox order book is $23M, imagine a market depth of hundreds of millions... Per exchange
June 11, 2013, 04:17:12 PM
The biggest threat to Bitcoin right now IS regulation.
+1 can't argue with thatI do.
The biggest threat to regulation is Bitcoin
This is what scare guys like coin seeker, it feels so warm and comfortable in FEDs bosom, or using Ripple, the final "debt+trust as a currency" centralized system....
BTC its not only internet's cash, free as a bird and superior by orders of magnitude to its paper counterpart, it's also regulated by math and not by those who have the power to press the button of the money printing machines.
A lot of power to the people, gentlemen.
I think that, like in every market, BTC is regulated by whalemath. Liquidity is an obvious issue and Bitcoin would greatly benefit from a simplification of the exchange with fiat. It's a PAIN to get into Bitcoin. Exchanges should (probably) also work closer together to allow for more arbitrage opportunities.
June 11, 2013, 04:15:53 PM
rpietila is back guys
Would have been more punchy if you'd included the "kicking down the door" gif.
welcome back rpietila
June 11, 2013, 04:11:30 PM
The biggest threat to Bitcoin right now IS regulation.
+1 can't argue with thatI do.
The biggest threat to regulation is Bitcoin
This is what scare guys like coin seeker, it feels so warm and comfortable in FEDs bosom, or using Ripple, the final "debt+trust as a currency" centralized system....
BTC its not only internet's cash, free as a bird and superior by orders of magnitude to its paper counterpart, it's also regulated by math and not by those who have the power to press the button of the money printing machines.
A lot of power to the people, gentlemen.
June 11, 2013, 04:06:31 PM
rpietila is back guys
Would have been more punchy if you'd included the "kicking down the door" gif.
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