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I would, if I owned any BTC!
Now would be an excellent time to buy in.
Topic: We are on our way to 3.5-3.7! - page 2. (Read 10218 times)
I would, if I owned any BTC!
Now would be an excellent time to buy in.
Show your appreciation by donating. :-D
I would, if I owned any BTC!
Quote
As a relatively new follower of the BTC fiasco (jumped in June, but kept my life plan out of it), I can say without a doubt that it has been plagued from the start by ideologues like you and old_engineer, pumping your fists screaming up uP UP, while nodding sagely at all the anti-speculation chatter, and patting each other the back for a job well done as your investments and libertarian dreams circle the drain. I love a good experiment, even a failing one, which is why I'm really here. I guess I just underestimated the degree to which you would deny obvious criticisms on nothing but faith and banal pedestals.
Well said. This pretty much sums up the ideologues here. Armchair revolutionaries calling for death of imvestment banks, and day-trading while doing so.
Don't judge, mang. My chair has no arms. IT ISN'T EVEN REALLY A CHAIR!
Quote
As a relatively new follower of the BTC fiasco (jumped in June, but kept my life plan out of it), I can say without a doubt that it has been plagued from the start by ideologues like you and old_engineer, pumping your fists screaming up uP UP, while nodding sagely at all the anti-speculation chatter, and patting each other the back for a job well done as your investments and libertarian dreams circle the drain. I love a good experiment, even a failing one, which is why I'm really here. I guess I just underestimated the degree to which you would deny obvious criticisms on nothing but faith and banal pedestals.
Well said. This pretty much sums up the ideologues here. Armchair revolutionaries calling for death of imvestment banks, and day-trading while doing so.
People here do stuff on more than faith and banal pedestals. I have personally witnessed some very sparkly pedestals.
This is probably the best quote I've seen on the forums.
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People here do stuff on more than faith and banal pedestals. I have personally witnessed some very sparkly pedestals.
This is probably the best quote I've seen on the forums.
Oh, it looks like the pointless inflammatory BitMagic has graced us with his presence again, and he still doesn't know what he's talking about.
Case in point: "You pay even more fees to buy 40k BTC (close to $12,000, not including inflation/deflation losses)." What sort of an idiot would use an exchange where they pay 7.5% ($12k/$160k at $4/btc) to exchange bitcoins? And even if he meant 0.75%, he's still way off: Mt. Gox drops the percentage to 0.2% at those volumes, so the fee would actually be $320. Also, there's #bitcoin_otc, where trades of arbitrary size can be done without any exchange fee whatsoever - obviously he's a n00b that doesn't know that exchanges are relatively new to bitcoin. Of course, the web of trust might not be extended to someone with his complete lack of social skills - I certainly wouldn't trade with anyone that acted like him.
Case in point: "You pay even more fees to buy 40k BTC (close to $12,000, not including inflation/deflation losses)." What sort of an idiot would use an exchange where they pay 7.5% ($12k/$160k at $4/btc) to exchange bitcoins? And even if he meant 0.75%, he's still way off: Mt. Gox drops the percentage to 0.2% at those volumes, so the fee would actually be $320. Also, there's #bitcoin_otc, where trades of arbitrary size can be done without any exchange fee whatsoever - obviously he's a n00b that doesn't know that exchanges are relatively new to bitcoin. Of course, the web of trust might not be extended to someone with his complete lack of social skills - I certainly wouldn't trade with anyone that acted like him.
Welcome back, old_engineer! I know you just love it when I have something to say that makes you look stupid. Indeed, I dropped a decimal (40k BTC * $5 = $200,000 * 0.6% = $1,200). Fortunately for me, your omissions make me look even better. Fuck fees, obviously. You wouldn't have anything to say about the truth of the matter, because you'd rather poke at arithmetic mistakes than face the reality: insurance.
I certainly do know that exchanges are relatively new to bitcoin, but don't expect anybody but an idiot to be holding 40k coins after the last 3 months, nor idiotic enough to buy a piece of property with it in the first place. Lol, insert early adopters / the manipulator / globalist conspiracy here.
I promise you, old_engineer, I wouldn't accept your bitcoins even as a tip; because I know better than to own a failing commodity.
I think the entire idea is preposterous at this point. I just wanted to point out that with some extra steps involved, people could make it work.
Riiiiiiiight, we were arguing that if you didn't use bitcoins, it would be possible to buy a house with bitcoins.
Don't play dumb, you know what we were discussing: a property sale in bitcoins, and why it could never happen. Also we were arguing about you saying that the existence of taxes deny private ownership, which you ignored for good reason. It's lolbertarian garbage along the lines of constitutionalist arguments I have lovingly debunked.As a relatively new follower of the BTC fiasco (jumped in June, but kept my life plan out of it), I can say without a doubt that it has been plagued from the start by ideologues like you and old_engineer, pumping your fists screaming up uP UP, while nodding sagely at all the anti-speculation chatter, and patting each other the back for a job well done as your investments and libertarian dreams circle the drain. I love a good experiment, even a failing one, which is why I'm really here. I guess I just underestimated the degree to which you would deny obvious criticisms on nothing but faith and banal pedestals.
People here do stuff on more than faith and banal pedestals. I have personally witnessed some very sparkly pedestals.
Oh, it looks like the pointless inflammatory BitMagic has graced us with his presence again, and he still doesn't know what he's talking about.
Case in point: "You pay even more fees to buy 40k BTC (close to $12,000, not including inflation/deflation losses)." What sort of an idiot would use an exchange where they pay 7.5% ($12k/$160k at $4/btc) to exchange bitcoins? And even if he meant 0.75%, he's still way off: Mt. Gox drops the percentage to 0.2% at those volumes, so the fee would actually be $320. Also, there's #bitcoin_otc, where trades of arbitrary size can be done without any exchange fee whatsoever - obviously he's a n00b that doesn't know that exchanges are relatively new to bitcoin. Of course, the web of trust might not be extended to someone with his complete lack of social skills - I certainly wouldn't trade with anyone that acted like him.
Case in point: "You pay even more fees to buy 40k BTC (close to $12,000, not including inflation/deflation losses)." What sort of an idiot would use an exchange where they pay 7.5% ($12k/$160k at $4/btc) to exchange bitcoins? And even if he meant 0.75%, he's still way off: Mt. Gox drops the percentage to 0.2% at those volumes, so the fee would actually be $320. Also, there's #bitcoin_otc, where trades of arbitrary size can be done without any exchange fee whatsoever - obviously he's a n00b that doesn't know that exchanges are relatively new to bitcoin. Of course, the web of trust might not be extended to someone with his complete lack of social skills - I certainly wouldn't trade with anyone that acted like him.
Welcome back, old_engineer! I know you just love it when I have something to say that makes you look stupid. Indeed, I dropped a decimal (40k BTC * $5 = $200,000 * 0.6% = $1,200). Fortunately for me, your omissions make me look even better. Fuck fees, obviously. You wouldn't have anything to say about the truth of the matter, because you'd rather poke at arithmetic mistakes than face the reality: insurance.
I certainly do know that exchanges are relatively new to bitcoin, but don't expect anybody but an idiot to be holding 40k coins after the last 3 months, nor idiotic enough to buy a piece of property with it in the first place. Lol, insert early adopters / the manipulator / globalist conspiracy here.
I promise you, old_engineer, I wouldn't accept your bitcoins even as a tip; because I know better than to own a failing commodity.
I think the entire idea is preposterous at this point. I just wanted to point out that with some extra steps involved, people could make it work.
Riiiiiiiight, we were arguing that if you didn't use bitcoins, it would be possible to buy a house with bitcoins.
Don't play dumb, you know what we were discussing: a property sale in bitcoins, and why it could never happen. Also we were arguing about you saying that the existence of taxes deny private ownership, which you ignored for good reason. It's lolbertarian garbage along the lines of constitutionalist arguments I have lovingly debunked.As a relatively new follower of the BTC fiasco (jumped in June, but kept my life plan out of it), I can say without a doubt that it has been plagued from the start by ideologues like you and old_engineer, pumping your fists screaming up uP UP, while nodding sagely at all the anti-speculation chatter, and patting each other the back for a job well done as your investments and libertarian dreams circle the drain. I love a good experiment, even a failing one, which is why I'm really here. I guess I just underestimated the degree to which you would deny obvious criticisms on nothing but faith and banal pedestals.
I was referring to the names I see on this board. You are right, no significant new money has been infused into Bitcoin to offset the flood of mined coins being cashed out constantly. But lets be honest, everyone here knows that Bitcoin as a speculative tool was doomed. The only folks I imagine left here are those who fueled by some ideological imperative (Evorhees, for example) and those who just want to see the final Chapter in the drama, before Bitcoin returns to the obscure crypto-geek toy it was back in May.
Here you are, ladies and gentlemen. One more voice of reason for the doomed hopeful.
I was referring to the names I see on this board. You are right, no significant new money has been infused into Bitcoin to offset the flood of mined coins being cashed out constantly. But lets be honest, everyone here knows that Bitcoin as a speculative tool was doomed. The only folks I imagine left here are those who fueled by some ideological imperative (Evorhees, for example) and those who just want to see the final Chapter in the drama, before Bitcoin returns to the obscure crypto-geek toy it was back in May.
Incorrect. If it was new folks (providing fresh money) as is needed to grow the pyramid we wouldn't be trading at $4.
God, this was all so obvious. All new folks here, I see. The old ones must have bailed.
Incorrect. If it was new folks (providing fresh money) as is needed to grow the pyramid we wouldn't be trading at $4.
God, this was all so obvious. All new folks here, I see. The old ones must have bailed.
Incorrect. If it was new folks (providing fresh money) as is needed to grow the pyramid we wouldn't be trading at $4.
God, this was all so obvious. All new folks here, I see. The old ones must have bailed.
I highly doubt anyone has done a bitcoin based property deal that can actually be proven to exist.
ok you guys are right, the bitcoin world doesn't play nice with traditional, PAPER based title tracking systems.
Time to make them obsolete: launch a new blockchain to track title deeds.
HHOS.
Not necessarily, but for now that seems to be the pattern.
I just wanted to get some clarification. We're all always going to try to push the bitcoin price lower by always selling our bitcoins at any price no matter what. Right?
Oh, it looks like the pointless inflammatory BitMagic has graced us with his presence again, and he still doesn't know what he's talking about.
Case in point: "You pay even more fees to buy 40k BTC (close to $12,000, not including inflation/deflation losses)." What sort of an idiot would use an exchange where they pay 7.5% ($12k/$160k at $4/btc) to exchange bitcoins? And even if he meant 0.75%, he's still way off: Mt. Gox drops the percentage to 0.2% at those volumes, so the fee would actually be $320. Also, there's #bitcoin_otc, where trades of arbitrary size can be done without any exchange fee whatsoever - obviously he's a n00b that doesn't know that exchanges are relatively new to bitcoin. Of course, the web of trust might not be extended to someone with his complete lack of social skills - I certainly wouldn't trade with anyone that acted like him.
Case in point: "You pay even more fees to buy 40k BTC (close to $12,000, not including inflation/deflation losses)." What sort of an idiot would use an exchange where they pay 7.5% ($12k/$160k at $4/btc) to exchange bitcoins? And even if he meant 0.75%, he's still way off: Mt. Gox drops the percentage to 0.2% at those volumes, so the fee would actually be $320. Also, there's #bitcoin_otc, where trades of arbitrary size can be done without any exchange fee whatsoever - obviously he's a n00b that doesn't know that exchanges are relatively new to bitcoin. Of course, the web of trust might not be extended to someone with his complete lack of social skills - I certainly wouldn't trade with anyone that acted like him.
Sell the house for cash. Seller then buys Bitcoins from the buyer for same amount of cash.
Those laws that protect people also prevent. Every extra step required adds additional cost. It may be the difference between buying and renting for many.
Of course, if you are talking about the US, you don't really own your property anyway. Try not paying your property tax and see what happens. The real owners show up and remove you from their property. Now that's a real knee slapper! It's especially funny when it happens to senior citizens who have lived in the same place for over 50 years!
Those laws that protect people also prevent. Every extra step required adds additional cost. It may be the difference between buying and renting for many.
Of course, if you are talking about the US, you don't really own your property anyway. Try not paying your property tax and see what happens. The real owners show up and remove you from their property. Now that's a real knee slapper! It's especially funny when it happens to senior citizens who have lived in the same place for over 50 years!
HAW! Hilarious that those silly old people, who are paying their mortgage with social security so they have a roof in the first place, must be getting shirked by the government! HAW!
I am tearing my hair out at the sheer idiocy of your post.
1) You buy a house, you insure the transaction. Cash, card, loan from a bank, a signed Mario Lopez self portrait; it doesn't matter how you pay.
2) You insure/use a bank for a mortgage, you pay fees. You pay even more fees to buy 40k BTC (close to $12,000, not including inflation/deflation losses).
3) Good luck trying to deposit $500,000 in cash to your local bank without the Feds taking an interest.
I've got a nice link for you retarded US libertarian fools in the general area of tax evasion. I hope you all get arrested trying some of these.
Frivolous tax arguments debunked by the IRS.
This reminds me... just a couple of weeks ago somebody allegedly bought a house for 40k btc or something.
Sorry to burst your libertairan bubble land, folks. Property (and likely cars), are not a gentlemen's agreement.Having just purchased a house, I can second this. Under local law, the lands title office requires a strict procedure for the exchange of cheques (written in dollars, not bitcoins) and signatures. Banks are instantly going to say a firm "no" if they find someone is trying to pay using bitcoins. Convert the bitcoins to dollars and then use them perhaps? Then what's the point in using bitcoins? Less security than going through official channels, more hassle and more paperwork.
I highly doubt anyone has done a bitcoin based property deal that can actually be proven to exist.
I also can't imagine someone doing a serious deal in a commodity that's so unstable in value. That 40k in bitcoins has fallen by two thirds in value in three months. Better cash out real quick after the deal is done.... In my house purchase agreement, signing over the title of the land and actually paying for it occurred 6 weeks after I agreed to buy it for X dollars. Imagine agreeing to 40k bitcoins then and seeing your property sell for half price 6 weeks later...
This reminds me... just a couple of weeks ago somebody allegedly bought a house for 40k btc or something.
Yeah, not likely. Big problems with mortgage insurance. You need someone to insure the purchase, and I can't see a single insurer ever considering using BTC as a valid transaction. If the seller declared bankruptcy, all of their assets, including real estate sold in the last 3 months is examined. All a buyer needs to do is claim it a "worthless internet currency" and the courts would revert any purchase in a second. That discounts any tax-related avoidance issues with the county clerk of courts (who would refuse the deed where no taxes are paid), and a resulting void purchase.
You couldn't possibly mortgage the property without legitimate insurance, and no insurer in their right mind would insure a BTC purchase like that.
Sorry to burst your libertairan bubble land, folks. Property (and likely cars), are not a gentlemen's agreement.
You know what's funniest about this? Those laws protect buyers from ridiculous scam artists that have been operating for decades in USD. The kind that are fleecing BTC users on a weekly basis. Free market, indeed.
This reminds me... just a couple of weeks ago somebody allegedly bought a house for 40k btc or something.
More importantly, nobody would ever think of selling a car for Bitcoin. Their risk of actually cashing out at market value is too huge.
For sale.
2008 Mitsubishi Lancer SE, Blue, 5spd
91,000 km (Canadian car, currently in Toronto area)
Power everything, heated seats, aircon.
Hail damage repaired in 2008, approx $12,000
Gravel damage repaired in 2011, approx $5000
Car mechanically great. New tires, new windsheild, dealer maintained.
New tires, new rear brakes. Needs front brakes.
2600 BTC
Too expensive. Will crash the market at that amount of BTCs !
Yeah probably would get us in the $2 range anyway if I were to immediately try to dump them
I just kind of posted it for a laugh... but I am looking to sell the car so I can buy a truck...
So if anyone WERE to buy the car in bitcoins, I'de probably keep 500 bitcoins and dump the rest.
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