aneth4

16 ms·

121.
by aneth4 14y ago
> Cashing out 100 000 BTC would crash the market down to 0 - right now the MtGox has exactly 105 708 BTC in the order book. All demand is not reflected in the order book. In fact, most demand is not. The more sophisticated a trader is,
122.
by aneth4 14y ago
Gold is traded almost exclusively for its liquidity and role as a value store, not for its intrinsic value. Currency traders don't use currency as a medium of exchange either.
123.
by aneth4 14y ago
Nobody who owns bitcoin gives a damn who buys what with it, any more than you care who buys what with your country's currency. It's currency. What could threaten bitcoin is a major flaw in its algorithm, which seems unlikely in the near fut
124.
by aneth4 14y ago
Gold also has no "natural" value as a currency, and make no mistake gold is traded as a currency, not for it's actual usage.
125.
by aneth4 14y ago
It's very common for markets to peak out at psychologically important levels for a variety of reasons. In fact, I would not call this unusual at all. Anyway, it is trading over $200 now, so it's a moot point. I'd be more inclined to suspect
126.
by aneth4 14y ago
It's hard to say. There are many who justify prices far higher based on future adoption. Adoption is picking up at a remarkable rate. The USD money supply is around $3T or $10T, depending on whether you are counting money multiplied by leve
127.
by aneth4 14y ago
Market capitalization of a company and the bitcoin money supply are not even remotely similar.
128.
by aneth4 14y ago
One thing you learn about the press as you have a few experiences as an "insider": they almost never get it right. Reporters rarely have the time, intelligence, and information to research and write an accurate report on every subject. Ther
129.
by aneth4 14y ago
This is so wrong. Bitcoin is excessively volatile now, and probably will be for a while. This is due to many, many reasons related to its age as a currency. The exchange rate will never be stable, but will not always be so volatile. Regardi
130.
by aneth4 14y ago
This is irresponsibly poorly presented. Pre-exercise stretching doesn't reduce the chance of injury and slightly reduces performance of muscles. Not terribly surprising. Stretching for fitness and flexibility - e.g. yoga - is essential. Do
131.
by aneth4 14y ago
Just some advice - if you think the market will top out at $200, take your profits at 20-25% less gain than your maximum. You are highly unlikely to predict the exact peek, and highly likely to overestimate it. Greed and delusion are powerf
132.
by aneth4 14y ago
> a belief that they will be dramatically more valuable in the future And the definition of speculation: "engagement in business transactions involving considerable risk but offering the chance of large gains, especially trading in comm
133.
by aneth4 14y ago
Unless the post was edited, the quote is: > It is possible that most folks are not buying Bitcoins right now to sell it for a profit before the music stops (in which case it would be a bubble). Certainly many are, if not most. Otherwise
134.
by aneth4 14y ago
> my new life was a hell of a lot less exciting than running an independent company had been That may partially be because he was too busy to learn what makes him happy other than work.
135.
by aneth4 14y ago
There is absolutely nothing wrong with getting into business to make money. Nothing. There is nothing wrong with discovering a problem you don't have or care about that people are willing to pay to have fixed, slugging through building some
136.
by aneth4 14y ago
It's interesting in the way the weather is interesting.
137.
by aneth4 14y ago
> Not sure there is as big as a difference between BTC and the current as people would lead you to believe 1) The value of your card is unlikely to be stolen by a hacker, unless you make an online purchase. 2) If someone spends the valu
138.
by aneth4 14y ago
I am saying gold is better than commodities. I'm saying gold is not a "piss poor" investment, as it holds its buying power quite well. That is the function of a conservative investment.
139.
by aneth4 14y ago
All wrong: - Inflation does not help debtors, unless they don't pay interest. Inflation is added to interest rates, so it has no effect. Inflation only helps debtors if they have a fixed interest rate and inflation goes up, which clearly no
140.
by aneth4 14y ago
> Quite to the contrary, it gets the proletarians out of debt! Yes. All the proletarians whose debt is at an interest rate under the rate of inflation. Which is exactly zero of them.
141.
by aneth4 14y ago
You guys are making my point. You are speaking a language most people don't begin to want to understand.
142.
by aneth4 14y ago
Printing out cryptographic keys and storing them in a safety deposit box, or using a clunky key management utility, is exactly the sort of step that will not work for most people. I'm not talking about techies, early adopters, and fanatics.
143.
by aneth4 14y ago
There is really little difference between a commodity and a currency other than how the supply is constrained. It is perfectly sensible to compare them.
144.
by aneth4 14y ago
I'm a big believer in the future of bitcoin and hold a significant amount. However I find holding bitcoin terrifying. There is just so much that can go wrong - from data loss, to personal tragedy, to hackers, to algorithmic weaknesses. Ulti
145.
by aneth4 14y ago
Indeed. And a 4% deflation rate would not seem to deflate their appetite for 100x gains.
146.
by aneth4 14y ago
Except I do buy an iPhone. Because I want one. Today. Technology always gets cheaper rapidly. Lots of people seem to buy it. A 4% annual deflation rate would stop unhealthy debt expansion, which only stimulates short term growth and long te
147.
by aneth4 14y ago
> Gold is a piss poor investment. Relative to what? The USD? http://pricedingold.com/us-dollar/ Real estate? http://pragcap.com/real-estate-gold-ratio-falls-to-30-year-l... Gold is an asset that holds its purchasing power pretty wel
148.
by aneth4 14y ago
$1M per bitcoin is $10T in money supply with 10M bitcoins. The current USD money supply is $2.7T. I suspect $10T is around the entire world money supply.
149.
by aneth4 14y ago
What you should be worrying about is the money supply, not the individual coin value. Is there any acceptance in commerce of these competitors? Unless there is an underlying demand created by available products, these coins will be worth no
150.
by aneth4 14y ago
I can buy a 2014 Cadillac or iPhone 5 next year for 30% less than I can this year. People seem to be buying these things. In a deflationary environment, people buy less stuff they don't need today, which leads to a higher quality of economi

More ›