What if there is no captitulation? | Bitcointalksearch.org

Hunyadi

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Quote from: spazzdla on September 04, 2014, 09:15:11 AM

Quote from: NotLambchop on September 04, 2014, 07:53:18 AM

Quote from: razorramon on September 04, 2014, 07:09:46 AM

Quote from: NotLambchop on September 04, 2014, 06:56:58 AM

^Sure, theoretically one could start with a sow's ear and turn it into a silk purse. One could also make stone soup.

Do I need to explain why couture purse makers aren't driving up the price of sow's ears, and why five-star restaurants don't buy stones by the truckfull?

*If you don't understand how purses are made, it's smarter not to lecture on purses. Same with soup. Same with Bitcoin.

still this has nothing to do with the topic...

anyway...most people don't consider the confirmation time as a problem...maybe it's not for the fast buy yet...but we will get there one way or another...in every other case it's faster than fiat or bank transfer

Quote from: razorramon on September 04, 2014, 05:50:49 AM

...
-slow confirmations ... still MUCH faster than a bank transfer...also there is a lot of money in silicon valley to solve problems like this
...

You bring it up--I correct you, that's all.

Re. fiat confirm time: I don't do bank transfers to buy gas, a cup of coffee or a pack of smokes--there are fiat alternatives

I use cash and CC. Always assumed everyone was familiar with those IRL game mechanics.

Stop trying to paint Bitcoin as the solution to everything.
It isn't the answer to meatspace microtransactions. It also doesn't unclog toilets, or make your kids dance while it makes you money--but it doesn't have to.

It also doesn't need pimping or hype.

Fastcoin has 12second blocks...

That must be really secure coin.

spazzdla

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Quote from: NotLambchop on September 04, 2014, 07:53:18 AM

Quote from: razorramon on September 04, 2014, 07:09:46 AM

Quote from: NotLambchop on September 04, 2014, 06:56:58 AM

^Sure, theoretically one could start with a sow's ear and turn it into a silk purse. One could also make stone soup.

Do I need to explain why couture purse makers aren't driving up the price of sow's ears, and why five-star restaurants don't buy stones by the truckfull?

*If you don't understand how purses are made, it's smarter not to lecture on purses. Same with soup. Same with Bitcoin.

still this has nothing to do with the topic...

anyway...most people don't consider the confirmation time as a problem...maybe it's not for the fast buy yet...but we will get there one way or another...in every other case it's faster than fiat or bank transfer

Quote from: razorramon on September 04, 2014, 05:50:49 AM

...
-slow confirmations ... still MUCH faster than a bank transfer...also there is a lot of money in silicon valley to solve problems like this
...

You bring it up--I correct you, that's all.

Re. fiat confirm time: I don't do bank transfers to buy gas, a cup of coffee or a pack of smokes--there are fiat alternatives

I use cash and CC. Always assumed everyone was familiar with those IRL game mechanics.

Stop trying to paint Bitcoin as the solution to everything.
It isn't the answer to meatspace microtransactions. It also doesn't unclog toilets, or make your kids dance while it makes you money--but it doesn't have to.

It also doesn't need pimping or hype.

Fastcoin has 12second blocks...

razorramon

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Quote from: Hunyadi on September 04, 2014, 09:05:19 AM

Quote from: razorramon on September 04, 2014, 08:50:35 AM

Quote from: rebuilder on September 04, 2014, 08:43:12 AM

If there is no further drop, but we go up, the last significant drop will be labeled 'capitulation'. The determination is made after the fact, after all.

that is what i mean...especially long term bitcoiners say there is not enough blood and despair yet...but i think that that is not needed

so basically we will know in a few weeks

This forum is loaded with despair Cool

well it's a rollercoaster from despair to climax

i like the moments most when i start to sing and dance (but i don't need bitcoin for that

)

Hunyadi

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Quote from: razorramon on September 04, 2014, 08:50:35 AM

Quote from: rebuilder on September 04, 2014, 08:43:12 AM

If there is no further drop, but we go up, the last significant drop will be labeled 'capitulation'. The determination is made after the fact, after all.

that is what i mean...especially long term bitcoiners say there is not enough blood and despair yet...but i think that that is not needed

so basically we will know in a few weeks

This forum is loaded with despair Cool

razorramon

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Quote from: rebuilder on September 04, 2014, 08:43:12 AM

If there is no further drop, but we go up, the last significant drop will be labeled 'capitulation'. The determination is made after the fact, after all.

that is what i mean...especially long term bitcoiners say there is not enough blood and despair yet...but i think that that is not needed

so basically we will know in a few weeks

rebuilder

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If there is no further drop, but we go up, the last significant drop will be labeled 'capitulation'. The determination is made after the fact, after all.

razorramon

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Quote from: Brewins on September 04, 2014, 08:34:07 AM

Quote from: razorramon on September 04, 2014, 02:13:42 AM

it's new (still)
it's deflationary (!!!)
the demand is growing
sooner or later people will not "sell" bitcoins to fiat because there is no need to

Indeed it is new. And this scares some people away for different reasons. Some people don't want go experimental with money, o are afraid that things goes wrong.

Bitcoin is not deflationary in any sense. 3600 new BTC everyday(monetary inflation), and the BTC purchase power something goes down too(its happening now), so no guarantee about price deflation too.

The volume is much lower than from months ago, both considering money equilavent or Bitcoins. At least on exchanges. Or it is not totally accurate or people are boicoting exchanges.

Taxes still will have to be paid with money. And Bitcoin is new, so acceptance won't be universal and Bitcoin won't be used everywhere, so cash out will be needed.

And I think it is possible higher demand with fall in price, if the demand is to use Bitcoin as mean of payment(that is, people buy it, transfer it and sell it, and not hold it), and not as finantial reserve.

so basically you are saying the exact same things that NotLambchop said...and also ignored my questions...
a) What if there is no capitulation?
b) What products are there that can be compared to Bitcoin considering the actual market situation

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Quote from: NotLambchop on September 04, 2014, 08:31:01 AM

Let me quote the points which you consider to be on topic, since you have listed them in your first post.

Quote from: razorramon on September 04, 2014, 02:13:42 AM

...
it's new (still)

Meh. 2009. Not sure how this is either a plus or a minus. Dogecoin is newer Cheesy

Quote from: NotLambchop on September 04, 2014, 06:06:29 AM

...
If the demand is growing faster than the supply, the price increases. That is one of the most fundamental concepts in economics, and the basic tenet of free market economy.

Not all economy, mind you. Not planned economies like Soviet Russia, for instance.

Are you a Communist, Comrade? Angry

Is there anything topical I have missed?

sorry...if you just want to troll around i have to ignore you

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Quote from: razorramon on September 04, 2014, 02:13:42 AM

it's new (still)
it's deflationary (!!!)
the demand is growing
sooner or later people will not "sell" bitcoins to fiat because there is no need to

Indeed it is new. And this scares some people away for different reasons. Some people don't want go experimental with money, o are afraid that things goes wrong.

Bitcoin is not deflationary in any sense. 3600 new BTC everyday(monetary inflation), and the BTC purchase power something goes down too(its happening now), so no guarantee about price deflation too.

The volume is much lower than from months ago, both considering money equilavent or Bitcoins. At least on exchanges. Or it is not totally accurate or people are boicoting exchanges.

Taxes still will have to be paid with money. And Bitcoin is new, so acceptance won't be universal and Bitcoin won't be used everywhere, so cash out will be needed.

And I think it is possible higher demand with fall in price, if the demand is to use Bitcoin as mean of payment(that is, people buy it, transfer it and sell it, and not hold it), and not as finantial reserve.

NotLambchop

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Let me quote the points which you consider to be on topic, since you have listed them in your first post.

Quote from: razorramon on September 04, 2014, 02:13:42 AM

...
it's new (still)

Meh. 2009. Not sure how this is either a plus or a minus. Dogecoin is newer Cheesy

Quote from: NotLambchop on September 04, 2014, 06:06:29 AM

...
If the demand is growing faster than the supply, the price increases. That is one of the most fundamental concepts in economics, and the basic tenet of free market economy.

Not all economy, mind you. Not planned economies like Soviet Russia, for instance.

Are you a Communist, Comrade? Angry

Is there anything topical I have missed?

razorramon

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Quote from: NotLambchop on September 04, 2014, 07:53:18 AM

You bring it up--I correct you, that's all.

Re. fiat confirm time: I don't do bank transfers to buy gas, a cup of coffee or a pack of smokes--there are fiat alternatives

I use cash and CC. Always assumed everyone was familiar with those IRL game mechanics.

Stop trying to paint Bitcoin as the solution to everything.
It isn't the answer to meatspace microtransactions. It also doesn't unclog toilets, or make your kids dance while it makes you money--but it doesn't have to.

It also doesn't need pimping or hype.

i never said it's the solution to everything...there is a long way to go...
also i use cash not that often (only if cards are not accepted)...and i buy most of my stuff from the internet...(except stuff i need immediately)...i also order food online

i don't know what you mean with pimping or hyping...am i doing this? all i did was taking your response and clearing up why you are wrong or what my thoughts are...
it wasn't even my intention to talk about this topics here...there are many threads about that subjects...

why can't you stay on topic?

NotLambchop

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Quote from: razorramon on September 04, 2014, 07:09:46 AM

Quote from: NotLambchop on September 04, 2014, 06:56:58 AM

^Sure, theoretically one could start with a sow's ear and turn it into a silk purse. One could also make stone soup.

Do I need to explain why couture purse makers aren't driving up the price of sow's ears, and why five-star restaurants don't buy stones by the truckfull?

*If you don't understand how purses are made, it's smarter not to lecture on purses. Same with soup. Same with Bitcoin.

still this has nothing to do with the topic...

anyway...most people don't consider the confirmation time as a problem...maybe it's not for the fast buy yet...but we will get there one way or another...in every other case it's faster than fiat or bank transfer

Quote from: razorramon on September 04, 2014, 05:50:49 AM

...
-slow confirmations ... still MUCH faster than a bank transfer...also there is a lot of money in silicon valley to solve problems like this
...

You bring it up--I correct you, that's all.

Re. fiat confirm time: I don't do bank transfers to buy gas, a cup of coffee or a pack of smokes--there are fiat alternatives

I use cash and CC. Always assumed everyone was familiar with those IRL game mechanics.

Stop trying to paint Bitcoin as the solution to everything.
It isn't the answer to meatspace microtransactions. It also doesn't unclog toilets, or make your kids dance while it makes you money--but it doesn't have to.

It also doesn't need pimping or hype.

razorramon

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Activity: 238

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BILIBIT.IO -1st Decentralized Token in Philippines

Quote from: JimboToronto on September 04, 2014, 07:07:58 AM

Quote from: Hfertig on September 04, 2014, 03:20:44 AM

more people are selling than buying.

Actually it seems more like people are buying, but in much smaller volumes than the lesser number of people and organizations who are selling large chunks.

The price seems to generally rise when volumes are low and fall with large dumps from whales.

Just an observation.

this...basically said that a little more on the top of this thread

razorramon

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Quote from: NotLambchop on September 04, 2014, 06:56:58 AM

^Sure, theoretically one could start with a sow's ear and turn it into a silk purse. One could also make stone soup.

Do I need to explain why couture purse makers aren't driving up the price of sow's ears, and why five-star restaurants don't buy stones by the truckfull?

*If you don't understand how purses are made, it's smarter not to lecture on purses. Same with soup. Same with Bitcoin.

still this has nothing to do with the topic...

anyway...most people don't consider the confirmation time as a problem...maybe it's not for the fast buy yet...but we will get there one way or another...in every other case it's faster than fiat or bank transfer

JimboToronto

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Quote from: Hfertig on September 04, 2014, 03:20:44 AM

more people are selling than buying.

Actually it seems more like people are buying, but in much smaller volumes than the lesser number of people and organizations who are selling large chunks.

The price seems to generally rise when volumes are low and fall with large dumps from whales.

Just an observation.

NotLambchop

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Activity: 378

Merit: 254

^Sure, theoretically one could start with a sow's ear and turn it into a silk purse. One could also make stone soup.

Do I need to explain why couture purse makers aren't driving up the price of sow's ears, and why five-star restaurants don't buy stones by the truckfull?

*If you don't understand how purses are made, it's smarter not to lecture on purses. Same with soup. Same with Bitcoin.

razorramon

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Quote from: NotLambchop on September 04, 2014, 06:26:34 AM

Quote from: razorramon on September 04, 2014, 06:22:33 AM

Quote from: NotLambchop on September 04, 2014, 06:09:17 AM

Do you understand how Bitcoin works? Faster confirm times = different coin.

there will be workarounds...what are you thinking?...

I'm thinking you don't understand why confirm times are what they are. Please explain and prove me wrong

listen...i personally have no idea how it will be possible in the near future to just go into a shop and buy something with bitcoin and leave in the next minute...but there will be a solution to this...in this point cash or credit card is superior to bitcoin....but i say it again...there will be a solution...if i come up with an idea i will make a start up ... raise some vc money and will tell you about it

NotLambchop

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Quote from: razorramon on September 04, 2014, 06:22:33 AM

Quote from: NotLambchop on September 04, 2014, 06:09:17 AM

Do you understand how Bitcoin works? Faster confirm times = different coin.

there will be workarounds...what are you thinking?...

I'm thinking you don't understand why confirm times are what they are. Please explain and prove me wrong

NotLambchop

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Quote from: razorramon on September 04, 2014, 06:16:38 AM

Quote from: NotLambchop on September 04, 2014, 06:06:29 AM

If the demand is growing faster than the supply, the price increases. That is one of the most fundamental concepts in economics, and the basic tenet of free market economy.

i already said in another thread that i think the price is kept down by traders to buy in cheaper or to win some time for COIN or whoever

I see that you're not a Communist--you simply don't understand free market economy.

What you are describing is almost a metaphysical impossibility.
Unless everyone with money to spare is in cahoots, simply buying BTC at its artificially low price will result in higher prices. See supply and demand.

If you are posting this simply because you are invested up to the gills and are worried, don't. This just reeks of desperation.

I'm a Bitcoiner myself. I hold Bitcoin--not as much as I once did, but certainly enough not to wish its price to tank.
I just think that shilling Bitcoin only harms it in the long run.
The people who bought into the hype and bought @$1k are certainly not our friends.

razorramon

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Quote from: NotLambchop on September 04, 2014, 06:09:17 AM

Do you understand how Bitcoin works? Faster confirm times = different coin.

there will be workarounds...what are you thinking? the way we use bitcoin now will stay forever? lol
what do you think do all the bitcoin start ups do? building new exchanges and atms?
this is just the beginning...

the internet also evolved but is still the internet...

Topic: What if there is no captitulation? (Read 2243 times)