We need a booming bitcoin derivative market, where we can take punts with margin money.
A derivatives market requires reliable counter-parties. Bitcoin doesn't have that. 
Topic: Why Bitcoin is dropping and why you should be buying. (Read 11170 times)
Wish I had a bit more fiat to buy with, but alas, not in my current situation.
We need a booming bitcoin derivative market, where we can take punts with margin money.
Wish I had a bit more fiat to buy with, but alas, not in my current situation.
The dollar can't die quickly in the classic sense because the dollar isn't just a bunch of paper that people agree has value. It's an enormously complex system of domestic and international trade that would require a century to unravel. Maybe in a century there will be a competing currency to fill the vacuum left after its demise. If that's Bitcoin, great. Of course, it won't matter to me because I'll be dead.
You are most likely correct, however it is possible for the dollar to fail/collapse in your/our lifetimes. Your analogy is assuming that the US empire will fall the same way the British empire fell, very slowly over a period of 100+ years. It is possible that the US empire would fall the same way the greek empire fell, (or the german empire of WW2) - very quickly and having a cascading effect
I hope so. I'd kind of like to see it.
I hope this does not happen !!
Don't mind me. I've kind of always wanted to see how the world would handle a pandemic too. Although when it's happening I'm sure I would want it to stop.
I hope it will happen. Sure, people will suffer, but ask yourself, are they not already? The worlds financial system revolving around FED is deeply immoral, based on theft, counterfeiting and corruption and is directly or indirectly responsible for almost all major military and political conflicts as well as most if not all economical crises. Yea, people benefitting on the old system will take a hit, deal with it
What you're talking about is a people thing not a money thing. There are only two kinds of people in the world, conmen and their prey. Immorality, theft, ponzi's and corruption have happened in Bitcoinland too. It doesn't matter if the FED falls because a new group of manipulators would rise up and take over the next system. It would happen even if that system is based on a cryptocurrency. Pirate easily figured out how to run a ponzi denominated in crypto. The only thing that would come out of it is a bunch of innocent people would suffer along with a handful of greedy assholes.
Can you really not see how much harder it would be to manipulate a bitcoin economy? There's no QE or printing press, they can't create money/steal value by typing on a computer. And should the people choose to have any kind of government, which I strongly oppose, but even if they would, they would still have a much harder time being corrupt since all the government spendings would be publically available in the Blockchain.
You don't need QE to mess w Bitcoin. You can probably crash the market w a million dollars
I don't know, I guess you could use it to slowly buy btc and then sell all at the same time while spreading as much FUD as possible on a low-volume trading day. Maybe instigating a panic sell plus get some stop-losses activated... But it doesn't change anything fundamental, and rate will probably return after a while. Many people say the rate is manipulated, but how would they do that? Is there more efficient way than what I described? Because if that is the best way I'm not that worried.
Fools keep reciting their mantras. Numbers don't lie.
You had your chance. Was too stupid to buy at $1 and sell at $500?
Your problem.
Now everyone has heard about Bitcoin.
And everyone has decided it's shit.
It's not "innovation" anymore.
You are too late.
You missed your chance.
You had your chance. Was too stupid to buy at $1 and sell at $500?
Your problem.
Now everyone has heard about Bitcoin.
And everyone has decided it's shit.
It's not "innovation" anymore.
You are too late.
You missed your chance.
The dollar can't die quickly in the classic sense because the dollar isn't just a bunch of paper that people agree has value. It's an enormously complex system of domestic and international trade that would require a century to unravel. Maybe in a century there will be a competing currency to fill the vacuum left after its demise. If that's Bitcoin, great. Of course, it won't matter to me because I'll be dead.
You are most likely correct, however it is possible for the dollar to fail/collapse in your/our lifetimes. Your analogy is assuming that the US empire will fall the same way the British empire fell, very slowly over a period of 100+ years. It is possible that the US empire would fall the same way the greek empire fell, (or the german empire of WW2) - very quickly and having a cascading effect
I hope so. I'd kind of like to see it.
I hope this does not happen !!
Don't mind me. I've kind of always wanted to see how the world would handle a pandemic too. Although when it's happening I'm sure I would want it to stop.
I hope it will happen. Sure, people will suffer, but ask yourself, are they not already? The worlds financial system revolving around FED is deeply immoral, based on theft, counterfeiting and corruption and is directly or indirectly responsible for almost all major military and political conflicts as well as most if not all economical crises. Yea, people benefitting on the old system will take a hit, deal with it
What you're talking about is a people thing not a money thing. There are only two kinds of people in the world, conmen and their prey. Immorality, theft, ponzi's and corruption have happened in Bitcoinland too. It doesn't matter if the FED falls because a new group of manipulators would rise up and take over the next system. It would happen even if that system is based on a cryptocurrency. Pirate easily figured out how to run a ponzi denominated in crypto. The only thing that would come out of it is a bunch of innocent people would suffer along with a handful of greedy assholes.
Can you really not see how much harder it would be to manipulate a bitcoin economy? There's no QE or printing press, they can't create money/steal value by typing on a computer. And should the people choose to have any kind of government, which I strongly oppose, but even if they would, they would still have a much harder time being corrupt since all the government spendings would be publically available in the Blockchain.
You don't need QE to mess w Bitcoin. You can probably crash the market w a million dollars
Blood in streets right?
Of course, sheeple.
Except Rockfeller was not buying magic internet beans.
Of course, sheeple.
Except Rockfeller was not buying magic internet beans.
I just have faith in the natural human ability to fuck things up, even Bitcoin.
The dollar can't die quickly in the classic sense because the dollar isn't just a bunch of paper that people agree has value. It's an enormously complex system of domestic and international trade that would require a century to unravel. Maybe in a century there will be a competing currency to fill the vacuum left after its demise. If that's Bitcoin, great. Of course, it won't matter to me because I'll be dead.
You are most likely correct, however it is possible for the dollar to fail/collapse in your/our lifetimes. Your analogy is assuming that the US empire will fall the same way the British empire fell, very slowly over a period of 100+ years. It is possible that the US empire would fall the same way the greek empire fell, (or the german empire of WW2) - very quickly and having a cascading effect
I hope so. I'd kind of like to see it.
I hope this does not happen !!
Don't mind me. I've kind of always wanted to see how the world would handle a pandemic too. Although when it's happening I'm sure I would want it to stop.
I hope it will happen. Sure, people will suffer, but ask yourself, are they not already? The worlds financial system revolving around FED is deeply immoral, based on theft, counterfeiting and corruption and is directly or indirectly responsible for almost all major military and political conflicts as well as most if not all economical crises. Yea, people benefitting on the old system will take a hit, deal with it
What you're talking about is a people thing not a money thing. There are only two kinds of people in the world, conmen and their prey. Immorality, theft, ponzi's and corruption have happened in Bitcoinland too. It doesn't matter if the FED falls because a new group of manipulators would rise up and take over the next system. It would happen even if that system is based on a cryptocurrency. Pirate easily figured out how to run a ponzi denominated in crypto. The only thing that would come out of it is a bunch of innocent people would suffer along with a handful of greedy assholes.
Can you really not see how much harder it would be to manipulate a bitcoin economy? There's no QE or printing press, they can't create money/steal value by typing on a computer. And should the people choose to have any kind of government, which I strongly oppose, but even if they would, they would still have a much harder time being corrupt since all the government spendings would be publically available in the Blockchain.
The dollar can't die quickly in the classic sense because the dollar isn't just a bunch of paper that people agree has value. It's an enormously complex system of domestic and international trade that would require a century to unravel. Maybe in a century there will be a competing currency to fill the vacuum left after its demise. If that's Bitcoin, great. Of course, it won't matter to me because I'll be dead.
You are most likely correct, however it is possible for the dollar to fail/collapse in your/our lifetimes. Your analogy is assuming that the US empire will fall the same way the British empire fell, very slowly over a period of 100+ years. It is possible that the US empire would fall the same way the greek empire fell, (or the german empire of WW2) - very quickly and having a cascading effect
I hope so. I'd kind of like to see it.
I hope this does not happen !!
Don't mind me. I've kind of always wanted to see how the world would handle a pandemic too. Although when it's happening I'm sure I would want it to stop.
I hope it will happen. Sure, people will suffer, but ask yourself, are they not already? The worlds financial system revolving around FED is deeply immoral, based on theft, counterfeiting and corruption and is directly or indirectly responsible for almost all major military and political conflicts as well as most if not all economical crises. Yea, people benefitting on the old system will take a hit, deal with it
What you're talking about is a people thing not a money thing. There are only two kinds of people in the world, conmen and their prey. Immorality, theft, ponzi's and corruption have happened in Bitcoinland too. It doesn't matter if the FED falls because a new group of manipulators would rise up and take over the next system. It would happen even if that system is based on a cryptocurrency. Pirate easily figured out how to run a ponzi denominated in crypto. The only thing that would come out of it is a bunch of innocent people would suffer along with a handful of greedy assholes.
The dollar can't die quickly in the classic sense because the dollar isn't just a bunch of paper that people agree has value. It's an enormously complex system of domestic and international trade that would require a century to unravel. Maybe in a century there will be a competing currency to fill the vacuum left after its demise. If that's Bitcoin, great. Of course, it won't matter to me because I'll be dead.
You are most likely correct, however it is possible for the dollar to fail/collapse in your/our lifetimes. Your analogy is assuming that the US empire will fall the same way the British empire fell, very slowly over a period of 100+ years. It is possible that the US empire would fall the same way the greek empire fell, (or the german empire of WW2) - very quickly and having a cascading effect
I hope so. I'd kind of like to see it.
I hope this does not happen !!
Don't mind me. I've kind of always wanted to see how the world would handle a pandemic too. Although when it's happening I'm sure I would want it to stop.
I hope it will happen. Sure, people will suffer, but ask yourself, are they not already? The worlds financial system revolving around FED is deeply immoral, based on theft, counterfeiting and corruption and is directly or indirectly responsible for almost all major military and political conflicts as well as most if not all economical crises. Yea, people benefitting on the old system will take a hit, deal with it
Quote
The dying dollar (economic forecaster, Gary Shilling)
2. The World’s Largest Economy
The dominant currency is typically found in the world’s largest economy and the U.S. is head-and-shoulders above the rest. As Gary points out, in 2012 U.S. GDP was $15.7 trillion. The second closest, China, was nearly half the size at $8.2 trillion. If you think China is about to overtake the U.S. in terms of size, Gary says “China would have to grow 12% a year for 20 years to catch up…it’s now down at about 7.5% growth and as the Chinese economy shifts away from being driven by exports…away from infrastructure, away from heavy borrowing, and so on, their growth is going to grow even more slowly.”
2. The World’s Largest Economy
The dominant currency is typically found in the world’s largest economy and the U.S. is head-and-shoulders above the rest. As Gary points out, in 2012 U.S. GDP was $15.7 trillion. The second closest, China, was nearly half the size at $8.2 trillion. If you think China is about to overtake the U.S. in terms of size, Gary says “China would have to grow 12% a year for 20 years to catch up…it’s now down at about 7.5% growth and as the Chinese economy shifts away from being driven by exports…away from infrastructure, away from heavy borrowing, and so on, their growth is going to grow even more slowly.”
In terms of nominal GDP this is true, but in terms of GDP (PPP), China is right there with the US.
1100 to 270 cant be seen as "relatively small" by any standard
Not even one order of magnitude.
Keep Calm & Think Exponential.
If you really believe the dollar is about to crash, buy ammo food and fuel, fuck crypto.
Yes, or better yet seek professional help, there are medications for that sort of thing.
If you really believe the dollar is about to crash, buy ammo food and fuel, fuck crypto.
The dollar can't die quickly in the classic sense because the dollar isn't just a bunch of paper that people agree has value. It's an enormously complex system of domestic and international trade that would require a century to unravel. Maybe in a century there will be a competing currency to fill the vacuum left after its demise. If that's Bitcoin, great. Of course, it won't matter to me because I'll be dead.
You are most likely correct, however it is possible for the dollar to fail/collapse in your/our lifetimes. Your analogy is assuming that the US empire will fall the same way the British empire fell, very slowly over a period of 100+ years. It is possible that the US empire would fall the same way the greek empire fell, (or the german empire of WW2) - very quickly and having a cascading effect
I hope so. I'd kind of like to see it.
I hope this does not happen !!
Don't mind me. I've kind of always wanted to see how the world would handle a pandemic too. Although when it's happening I'm sure I would want it to stop.
The dollar can't die quickly in the classic sense because the dollar isn't just a bunch of paper that people agree has value. It's an enormously complex system of domestic and international trade that would require a century to unravel. Maybe in a century there will be a competing currency to fill the vacuum left after its demise. If that's Bitcoin, great. Of course, it won't matter to me because I'll be dead.
You are most likely correct, however it is possible for the dollar to fail/collapse in your/our lifetimes. Your analogy is assuming that the US empire will fall the same way the British empire fell, very slowly over a period of 100+ years. It is possible that the US empire would fall the same way the greek empire fell, (or the german empire of WW2) - very quickly and having a cascading effect
I hope so. I'd kind of like to see it.
I hope this does not happen !!
The dollar can't die quickly in the classic sense because the dollar isn't just a bunch of paper that people agree has value. It's an enormously complex system of domestic and international trade that would require a century to unravel. Maybe in a century there will be a competing currency to fill the vacuum left after its demise. If that's Bitcoin, great. Of course, it won't matter to me because I'll be dead.
You are most likely correct, however it is possible for the dollar to fail/collapse in your/our lifetimes. Your analogy is assuming that the US empire will fall the same way the British empire fell, very slowly over a period of 100+ years. It is possible that the US empire would fall the same way the greek empire fell, (or the german empire of WW2) - very quickly and having a cascading effect
I hope so. I'd kind of like to see it.
The dollar can't die quickly in the classic sense because the dollar isn't just a bunch of paper that people agree has value. It's an enormously complex system of domestic and international trade that would require a century to unravel. Maybe in a century there will be a competing currency to fill the vacuum left after its demise. If that's Bitcoin, great. Of course, it won't matter to me because I'll be dead.
You are most likely correct, however it is possible for the dollar to fail/collapse in your/our lifetimes. Your analogy is assuming that the US empire will fall the same way the British empire fell, very slowly over a period of 100+ years. It is possible that the US empire would fall the same way the greek empire fell, (or the german empire of WW2) - very quickly and having a cascading effect
All I'm hearing from the forum is the imminent death of bitcoin due to the relatively small drop in price in dollar terms of Bitcoin. I see this as an early sign that a financial collapse is approaching and therefore the perfect time for wise investors to buy. I don't know if people are familiar with the work of Jim Willie of the Golden Jackass but I recommend him, he's fringy and controversial but he has always said that the sign the system is collapsing and the dollar is on its death bed will be a massive rise in the dollar not a drop.
This also is a sign of a deriveratives implosion too. I think we will go lower, very low in fact (in dollar terms) and then we will get a spike up that will shock even seasoned bitcoiners. The absolutely only reason I'm not buying Bitcoin is I have no available fiat. If you are holding dollars then anytime from now is a good time to buy if you hold a longer tem perspective.
http://www.maxkeiser.com/2015/01/harvey-organ-derivatives-meltdown-has-begun/
This also is a sign of a deriveratives implosion too. I think we will go lower, very low in fact (in dollar terms) and then we will get a spike up that will shock even seasoned bitcoiners. The absolutely only reason I'm not buying Bitcoin is I have no available fiat. If you are holding dollars then anytime from now is a good time to buy if you hold a longer tem perspective.
http://www.maxkeiser.com/2015/01/harvey-organ-derivatives-meltdown-has-begun/
pure speculation
This is the freaking speculation forum
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