(yes, I understand you are trolling, but you should at least be consistent 
)
) 
Topic: What exactly is the bear case? (sincere question) (Read 2277 times)
Basically the dollar is such a good investment that people are all jumping on board. I cashed out all of my stocks and bought dollars.
I have also taken out a huge loan in the hopes that the dollar goes up a lot.
We are all going to be rich!
I have also taken out a huge loan in the hopes that the dollar goes up a lot.
We are all going to be rich!
How is taking out a USD loan possibly a good thing to do when the dollar is strong? You have to pay it all back and even if it is a fixed rate the real value of the interest payments will rise.
Because the dollar kicks ass!!!
Print more so we are all rich rich rich!!!
If the dollar kicks ass, I still don't understand why you want to give up more dollars. Taking out a loan means giving up more dollars than you receive. (yes, I understand you are trolling, but you should at least be consistent
) 
Easy
Bitcoin Spring.
Fiat Summer.
Bitcoin fall? Maybe we'll have to wait till next spring. But with the way things are going, who knows.
Don't worry, the bernankster's got our back. He'll do something stupid in the coming months. Or the bankster cartels. They'll try to bail-in another country with depositor funds or something.
Bitcoin Spring.
Fiat Summer.
Bitcoin fall? Maybe we'll have to wait till next spring. But with the way things are going, who knows.
Don't worry, the bernankster's got our back. He'll do something stupid in the coming months. Or the bankster cartels. They'll try to bail-in another country with depositor funds or something.
Bitcoin Fall, or Fall of Bitcoin?
In any case, logically it makes sense for Bitcoin to be down now because there is some serious deflationary risk in the USD. When the USD hops back on inflation express which it will eventually have to do thanks to all the QE (I guess it will happen when the FED decides to sell its bonds) then it makes sense to take out a loan and buy whatever (including bitcoin) assuming whatever (bitcoin) won't be inflated (which it won't) like the USD.
Google search trends for bitcoin. Values it at around $25-$30.
quick, someone do a r^3 regression
Google search trends for bitcoin. Values it at around $25-$30.
Basically the dollar is such a good investment that people are all jumping on board. I cashed out all of my stocks and bought dollars.
I have also taken out a huge loan in the hopes that the dollar goes up a lot.
We are all going to be rich!
I have also taken out a huge loan in the hopes that the dollar goes up a lot.
We are all going to be rich!
How is taking out a USD loan possibly a good thing to do when the dollar is strong? You have to pay it all back and even if it is a fixed rate the real value of the interest payments will rise.
Because the dollar kicks ass!!!
Print more so we are all rich rich rich!!!
what does bitcoin have going for it?
answer: hype.
i know cryptocurrencies are the future, but until the mainstream accepts it, btc could well go down to who the hell knows. i hope not back to single digit levels.
the good news is this is just the beginning. there are other cryptos people can speculate on and make money off as the technology keeps improving, evolving and slowly being used and accepted by the mainstream.
my bet is on ripple.
edit: even then, if cryptos are widely accepted, its value would still go up and down like the usd, eur, gbp, etc..
answer: hype.
i know cryptocurrencies are the future, but until the mainstream accepts it, btc could well go down to who the hell knows. i hope not back to single digit levels.
the good news is this is just the beginning. there are other cryptos people can speculate on and make money off as the technology keeps improving, evolving and slowly being used and accepted by the mainstream.
my bet is on ripple.
edit: even then, if cryptos are widely accepted, its value would still go up and down like the usd, eur, gbp, etc..
Ripple is a scam. It is controlled by a single corporation that kept the vast majority of the coins for itself.
Did you know the market cap for Ripple is actually higher than bitcoin. That's how ridiculous ripple is. Most people will never use trust it and thus never use it. I know I never will.
Stop focusing on the intents of the creators in terms of whatever profit they might turn. As an individual that has been heavily involved in the finance industry I strongly believe that the system they have designed will be the future of financial transactions. Whether it is Ripple itself or a system heavily based on Ripple, or even relative "intranets" using a Ripple-like system in between business networks. In fact, if Ripple itself DOES stick, you will likely find yourself transacting in bitcoin over the Ripple network.
Why shouldn't the creators get paid for what they've done? The potential of the system behind the company is massive, as big if not bigger than bitcoin, and to be honest full mainstream acceptance of Ripple will probably happen before John Q. Public finally submits to Bitcoin for the simple fact that they can transact in their own currencies which helps them to feel secure, and they can experiment with bitcoin without being worried about the trouble of both cashing in-- and out-- of their own native currency.
There is no scam. They created an extremely interesting and useful system. The beauty of XRP is not in its value as a currency but in its value as an intermediary. Whatever money the company makes off of them is well deserved, and I don't think it will be nearly be as much as the first few people to start mining bitcoin would have made if they had held on to their stake.
Basically the dollar is such a good investment that people are all jumping on board. I cashed out all of my stocks and bought dollars.
I have also taken out a huge loan in the hopes that the dollar goes up a lot.
We are all going to be rich!
I have also taken out a huge loan in the hopes that the dollar goes up a lot.
We are all going to be rich!
How is taking out a USD loan possibly a good thing to do when the dollar is strong? You have to pay it all back and even if it is a fixed rate the real value of the interest payments will rise.
http://bitcoincharts.com/markets/currency/USD.html
all the other exchanges are lower
will mt.gox follow?
Right now, Mt. Gox is higher because it's impossible to get USD out of Mt. Gox.all the other exchanges are lower
will mt.gox follow?
I don't expect normalization until/unless wires get reenabled.
http://bitcoincharts.com/markets/currency/USD.html
all the other exchanges are lower
will mt.gox follow?
all the other exchanges are lower
will mt.gox follow?
Basically the dollar is such a good investment that people are all jumping on board. I cashed out all of my stocks and bought dollars.
I have also taken out a huge loan in the hopes that the dollar goes up a lot.
We are all going to be rich!
I have also taken out a huge loan in the hopes that the dollar goes up a lot.
We are all going to be rich!
that's what they said during the roaring twenties
If they had bought dollars in 1920 it would have been a good investment for 12 years.
Basically the dollar is such a good investment that people are all jumping on board. I cashed out all of my stocks and bought dollars.
I have also taken out a huge loan in the hopes that the dollar goes up a lot.
We are all going to be rich!
I have also taken out a huge loan in the hopes that the dollar goes up a lot.
We are all going to be rich!
I think you made a great investment! The dollar is going up like CRAZY: http://www.theonion.com/articles/markets-in-turmoil-as-price-of-money-skyrockets-to,32939/
Basically the dollar is such a good investment that people are all jumping on board. I cashed out all of my stocks and bought dollars.
I have also taken out a huge loan in the hopes that the dollar goes up a lot.
We are all going to be rich!
I have also taken out a huge loan in the hopes that the dollar goes up a lot.
We are all going to be rich!
that's what they said during the roaring twenties
Basically the dollar is such a good investment that people are all jumping on board. I cashed out all of my stocks and bought dollars.
I have also taken out a huge loan in the hopes that the dollar goes up a lot.
We are all going to be rich!
I have also taken out a huge loan in the hopes that the dollar goes up a lot.
We are all going to be rich!
We aren't really in the discussion about a real bear case, all this is yet is a correction. And it will be until the price is above $20.
A real bear case would be a multi-year downturn ending below the 2011 low of $1.98.
A real bear case would be a multi-year downturn ending below the 2011 low of $1.98.
To be fair, there's less than 2k BTCs available to short.
It's not what I would use to say "See, you can short!!"
It's not what I would use to say "See, you can short!!"
Finally, there is not any real method of shorting the bitcoin at the moment;
Bitfinex shorts have single-digit APRs right now. Bitfinex BTC shorts have existed since before the crash.I'm not going to argue about most of your post but this "there's no way to short BTC" meme has gone on way too long.
Easy
Bitcoin Spring.
Fiat Summer.
Bitcoin fall? Maybe we'll have to wait till next spring. But with the way things are going, who knows.
Don't worry, the bernankster's got our back. He'll do something stupid in the coming months. Or the bankster cartels. They'll try to bail-in another country with depositor funds or something.
Bitcoin Spring.
Fiat Summer.
Bitcoin fall? Maybe we'll have to wait till next spring. But with the way things are going, who knows.
Don't worry, the bernankster's got our back. He'll do something stupid in the coming months. Or the bankster cartels. They'll try to bail-in another country with depositor funds or something.
I don't see the logic BitcoinAshley.. perhaps you can walk us through
Easy
Bitcoin Spring.
Fiat Summer.
Bitcoin fall? Maybe we'll have to wait till next spring. But with the way things are going, who knows.
Don't worry, the bernankster's got our back. He'll do something stupid in the coming months. Or the bankster cartels. They'll try to bail-in another country with depositor funds or something.
Bitcoin Spring.
Fiat Summer.
Bitcoin fall? Maybe we'll have to wait till next spring. But with the way things are going, who knows.
Don't worry, the bernankster's got our back. He'll do something stupid in the coming months. Or the bankster cartels. They'll try to bail-in another country with depositor funds or something.
My view of the bear case is that, unlike previous bubbles, the new users this time are almost completely focused on mining/speculation only. There is almost no growth of the real economy. Not even very much discussion of it, or even potential avenues of growth. And there is no guarantee that, once mining becomes unprofitable for the majority of them, they will switch to doing anything productive rather than simply cashing out and leaving.
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