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Topic: Why? - page 2. (Read 9536 times)

newbie
Activity: 53
Merit: 0
October 27, 2012, 02:10:16 PM
#92
Maybe a good time to pick up some cheap coins long term bitcoin up, the central banks "sugar high" has been ongoing since the crash of 2008 will only weaken the dollar. Also the low/no fees of bitcoin can only attract new users.
donator
Activity: 2772
Merit: 1019
October 27, 2012, 02:00:43 PM
#91
It is a fairly obvious thing to do, yes, and thanks again.

you're welcome Wink

Does this post make me a "senior member" here? ZOMG I needs to getz a life. Grin

CONGRATULATIONS! Now you can post in "Topic: You really are a TRUE bitcoiner when..." (https://bitcointalksearch.org/topic/you-really-are-a-true-bitcoiner-when-120779) :-)

hero member
Activity: 644
Merit: 500
October 27, 2012, 01:57:09 PM
#90
No bad news??? There re so much talks about asics, cant see another reason.
For GPU miners, indeed this is bad news.


Yea what he said.


Also I took a snap shot of this last night WTF?

hero member
Activity: 784
Merit: 1000
Annuit cœptis humanae libertas
October 27, 2012, 01:49:04 PM
#89
Thanks for the assistance. I'm honest and so certainly won't be trying to weasel out if I lose the wager, unless I happen to have died. So it is agreed that the wager is BTC1, down from the original BTC10.

oh, I thought it was common practice for an unrelated party to quote the bet as a simple, effective and cheap measure against people deleting posts relevant for possible dispute-resolution. Now that you told me you're honest I certainly don't think it would've been necessary.

Haha, yeah I guess not too many scammers would say "I'm a crook". Smiley Then again, if they had any brains, they wouldn't be low enough to try to scam someone out of BTC1 or even BTC10. But yes, some peeps are that low.

It is a fairly obvious thing to do, yes, and thanks again.

Does this post make me a "senior member" here? ZOMG I needs to getz a life. Grin
donator
Activity: 2772
Merit: 1019
October 27, 2012, 01:44:16 PM
#88
Thanks for the assistance. I'm honest and so certainly won't be trying to weasel out if I lose the wager, unless I happen to have died. So it is agreed that the wager is BTC1, down from the original BTC10.

oh, I thought it was common practice for an unrelated party to quote the bet as a simple, effective and cheap measure against people deleting posts relevant for possible dispute-resolution. Now that you told me you're honest I certainly don't think it would've been necessary.
hero member
Activity: 784
Merit: 1000
Annuit cœptis humanae libertas
October 27, 2012, 01:36:01 PM
#87
Would you like to bet BTC10 with me? I wager BTC10 that the price will not be equal to or above USD 15 on the stroke of February 1 2013 at 00:00 UTC. If the price is below USD 15 at that point, you pay me BTC10. If the price is equal to or above USD 15, I pay you BTC10. Sound good?
That's a bit much, lets say 1 BTC and it's a deal - I'm not a (very) betting man;)

Yes, still a deal. BTC1 it is then.

quoting as witness

Thanks for the assistance. I'm honest and so certainly won't be trying to weasel out if I lose the wager, unless I happen to have died. So it is agreed that the wager is BTC1, down from the original BTC10.
donator
Activity: 2772
Merit: 1019
October 27, 2012, 01:24:16 PM
#86
Would you like to bet BTC10 with me? I wager BTC10 that the price will not be equal to or above USD 15 on the stroke of February 1 2013 at 00:00 UTC. If the price is below USD 15 at that point, you pay me BTC10. If the price is equal to or above USD 15, I pay you BTC10. Sound good?
That's a bit much, lets say 1 BTC and it's a deal - I'm not a (very) betting man;)

Yes, still a deal. BTC1 it is then.

quoting as witness
hero member
Activity: 784
Merit: 1000
Annuit cœptis humanae libertas
October 27, 2012, 01:21:40 PM
#85
Would you like to bet BTC10 with me? I wager BTC10 that the price will not be equal to or above USD 15 on the stroke of February 1 2013 at 00:00 UTC. If the price is below USD 15 at that point, you pay me BTC10. If the price is equal to or above USD 15, I pay you BTC10. Sound good?
That's a bit much, lets say 1 BTC and it's a deal - I'm not a (very) betting man;)

Yes, still a deal. BTC1 it is then.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
October 27, 2012, 12:14:39 PM
#84
What possible value did bitcoin provide you in "settling small everyday stuff" that couldn't have been accomplished with dollar cash? What percent of the world do you think has vaguely any interest whatsoever in participating in the economy in this "bitcoin enthusiast" fashion?

Today, less than 0.01%. Within a few years, probably 90%. In my opinion, this will be a consecuence of the collapse of the financial system based on fiat money. Panic is a powerful driver.
At first we are in this "collapse" since 2008.

Second: What makes you think the majority would head to Bitcoin?

I don't know the date; I just know this is not sustainable.

If they know how to use email, they will head to Bitcoin.

Bad analogy, since Bitcoin is not a mere protocol it includes a semi-mandatory checking system.
Might the concept or even the source code play a major role in the aftermath of a fiat-system collapse, possible who knows. But the voluntary creation of a new elite? (us, the people who already own bitcoins, not a few satoshis)

Definitely not.
hero member
Activity: 815
Merit: 1000
October 27, 2012, 12:10:02 PM
#83
Would you like to bet BTC10 with me? I wager BTC10 that the price will not be equal to or above USD 15 on the stroke of February 1 2013 at 00:00 UTC. If the price is below USD 15 at that point, you pay me BTC10. If the price is equal to or above USD 15, I pay you BTC10. Sound good?
That's a bit much, lets say 1 BTC and it's a deal - I'm not a (very) betting man;)
legendary
Activity: 1652
Merit: 1000
October 27, 2012, 12:00:18 PM
#82
What possible value did bitcoin provide you in "settling small everyday stuff" that couldn't have been accomplished with dollar cash? What percent of the world do you think has vaguely any interest whatsoever in participating in the economy in this "bitcoin enthusiast" fashion?

Today, less than 0.01%. Within a few years, probably 90%. In my opinion, this will be a consecuence of the collapse of the financial system based on fiat money. Panic is a powerful driver.
At first we are in this "collapse" since 2008.

Second: What makes you think the majority would head to Bitcoin?

I don't know the date; I just know this is not sustainable.

If they know how to use email, they will head to Bitcoin.
donator
Activity: 2772
Merit: 1019
October 27, 2012, 11:32:20 AM
#81
Definitely, Cheap bitcoins! There is strong evidence that this is last chance before halving. Look at RSI. I hnow it is just a friday. But we are getting near end.
Exactly my thoughts; I have no idea what the sellers are doing a month before a halving but I will take it - paycheck coming in in ~4 days Cheesy Cheesy Cheesy

I will eat my words if the price does not climb at least 50% during December/January.

I have just started using BTC instead of Western Union and its both easier and cheaper - even if the price dropped to 0.01 I would still be using this stuff. So yeah I'm not worried about BTCs value or adoption rates.
Same in here. I can and I do use Bitcoin network. It saves me money and time, compared to international wires or WU.  Volatility is even good, as I can usually afford to wait a day or two for a good arbitrage opportunity between the two markets (in my case CAD/USD). Sure, I've got a few coins in my savings and investments, but that's a long-term game based on my assesment of long-term chances of Bitcoin going "big". Again, no problem with short-term swings, panic-sells, and pump'n'dump episodes.


It's good to hear that use-case is developing. Hear that story about the Iranians sending 2.5kUSD using Bitcoin to their kid who studies in the states or somewhere? Cost them $20... pretty awesome: https://bitcointalksearch.org/topic/m.1291361
hero member
Activity: 756
Merit: 501
There is more to Bitcoin than bitcoins.
October 27, 2012, 11:21:47 AM
#80
Definitely, Cheap bitcoins! There is strong evidence that this is last chance before halving. Look at RSI. I hnow it is just a friday. But we are getting near end.
Exactly my thoughts; I have no idea what the sellers are doing a month before a halving but I will take it - paycheck coming in in ~4 days Cheesy Cheesy Cheesy

I will eat my words if the price does not climb at least 50% during December/January.

I have just started using BTC instead of Western Union and its both easier and cheaper - even if the price dropped to 0.01 I would still be using this stuff. So yeah I'm not worried about BTCs value or adoption rates.
Same in here. I can and I do use Bitcoin network. It saves me money and time, compared to international wires or WU.  Volatility is even good, as I can usually afford to wait a day or two for a good arbitrage opportunity between the two markets (in my case CAD/USD). Sure, I've got a few coins in my savings and investments, but that's a long-term game based on my assesment of long-term chances of Bitcoin going "big". Again, no problem with short-term swings, panic-sells, and pump'n'dump episodes.
donator
Activity: 2772
Merit: 1019
October 27, 2012, 10:22:15 AM
#79
LOL at the people saying "No bad news."

Have you been following the news in the past months? Take the rosy Bitcoin goggles OFF.

maybe if you would be more specific we could reconsider.
hero member
Activity: 1302
Merit: 502
October 27, 2012, 09:39:40 AM
#78
LOL at the people saying "No bad news."

Have you been following the news in the past months? Take the rosy Bitcoin goggles OFF.
hero member
Activity: 784
Merit: 1000
Annuit cœptis humanae libertas
October 27, 2012, 09:11:26 AM
#77
I will eat my words if the price does not climb at least 50% during December/January.

Would you like to bet BTC10 with me? I wager BTC10 that the price will not be equal to or above USD 15 on the stroke of February 1 2013 at 00:00 UTC. If the price is below USD 15 at that point, you pay me BTC10. If the price is equal to or above USD 15, I pay you BTC10. Sound good?
hero member
Activity: 686
Merit: 500
Bitbuy
October 27, 2012, 08:59:47 AM
#76
I lost the Bitcoin black friday...  Cry

Hey Mr Manipulator, I wanna buy btc<10$ too

This is just a weak bounce on low volume. We will drop <10 again Wink
We haven't broken the 10$ line, too (we broke it, it generated tons of orders, most of it could have not be finished).

What do you mean? We clearly went below 10 multiple times, and it lasted way longer than just a simple spike.
Don't know, I just looked at the monthly graph with the spindles covering many hours. There was only one spindle under 10$ so I toght that.

Interesting than, it will go lower and lower. I will wait to buy.

Here's a nice site that shows current market depth and the price action in the last 24 hours: http://mtgoxlive.com/orders?volumeon
As you can see we've been below 10 for multiple hours. It isn't that long of course, but it's hardly a sudden spike.
legendary
Activity: 1176
Merit: 1001
October 27, 2012, 08:51:27 AM
#75
I lost the Bitcoin black friday...  Cry

Hey Mr Manipulator, I wanna buy btc<10$ too

This is just a weak bounce on low volume. We will drop <10 again Wink
We haven't broken the 10$ line, too (we broke it, it generated tons of orders, most of it could have not be finished).

What do you mean? We clearly went below 10 multiple times, and it lasted way longer than just a simple spike.
Don't know, I just looked at the monthly graph with the spindles covering many hours. There was only one spindle under 10$ so I toght that.

Interesting than, it will go lower and lower. I will wait to buy.
hero member
Activity: 686
Merit: 500
Bitbuy
October 27, 2012, 08:40:46 AM
#74
I lost the Bitcoin black friday...  Cry

Hey Mr Manipulator, I wanna buy btc<10$ too

This is just a weak bounce on low volume. We will drop <10 again Wink
We haven't broken the 10$ line, too (we broke it, it generated tons of orders, most of it could have not be finished).

What do you mean? We clearly went below 10 multiple times, and it lasted way longer than just a simple spike.
legendary
Activity: 1176
Merit: 1001
October 27, 2012, 08:33:24 AM
#73
I lost the Bitcoin black friday...  Cry

Hey Mr Manipulator, I wanna buy btc<10$ too

This is just a weak bounce on low volume. We will drop <10 again Wink
We haven't broken the 10$ line, too (we broke it, it generated tons of orders, most of it could have not be finished).
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