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Showing 20 of 39 results by Milotyc
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Topic
Board Economics
Re: World War 3 has already begun, but it's an economic war, not a conventional one.
by
Milotyc
on 24/01/2015, 12:16:35 UTC
Any thoughts on the recent €1,100,000,000,000 injection in this game?

Only the central bank chiefs of Germany, the Netherlands, Austria and Estonia opposed this QE.

"Most euro zone government bond yields are at ultra-low levels and the euro had already dropped sharply against the dollar. Lower borrowing costs and a weaker currency could both help to boost economic growth but there is a question about how much further either can fall."

Post
Topic
Board Economics
Re: Inflation and Deflation of Price and Money Supply
by
Milotyc
on 13/01/2015, 19:14:50 UTC

In any real economy, there is a guarantee that the Money Supply will increase.

Dude stop.
Post
Topic
Board Economics
Re: Inflation and Deflation of Price and Money Supply
by
Milotyc
on 13/01/2015, 19:03:57 UTC
MoneySupply-Inflation is when the value of Bitcoin decreases when the total supply of Bitcoin increases. In our current state, this is at a generation rate of 25 BTC every 10 minutes.

MoneySupply-Deflation will essentially never occur. It is when the value of Bitcoin increases when the total supply of Bitcoin decreases. This may happen, say, when someone loses their private key and all the BTC associated with it are lost. This effectively "makes the rest of us richer". That being said, there is a SET DECREASE in the generation rate of BTC, so you have sort of a "deflationary effect" in the value, as long as more exchange occurs for BTC at a rate which is faster than that set generation rate.

Again, no.

Monetary inflation = increase in the money supply.
Monerary deflation = decrease in money supply.

That's all.
Post
Topic
Board Economics
Re: Inflation and Deflation of Price and Money Supply
by
Milotyc
on 13/01/2015, 18:51:35 UTC

Price-Deflation is what you are used to hearing about in Bitcoin. That term is used to describe the prices of goods/services as they decrease, because the value of Bitcoin goes up.

Price-Inflation is the opposite. When prices of goods/services increase because the value of Bitcoin goes down.

Example: As the Bitcoin price goes from $10 to $20, the prices of goods/services goes down from 20BTC to 10BTC. As the Bitcoin price goes from $20 to $10, the prices of goods/services goes from 10BTC to 20BTC!

No.

Price-Inflation = increasing prices.

Price-Deflation = decreasing prices.

That's all actually. A Bitcoin (and any other unit of money) loses/gains purchasing power as a result of increasing/decreasing prices of goods and services.

Inflation =/= bitcoin stock market rate goes down.
Deflation =/= bitcoin stock market rate goes up.
Post
Topic
Board Economics
Re: Experts, please explain why decay is a good thing for a currency
by
Milotyc
on 13/01/2015, 18:35:10 UTC
Mild, predictable inflation is actually considered good for an economy.

Yep, this encourages people to spend their money.

Imagine a constant deflation; why buy that house now when it'll be cheaper tomorrow. Why buy a computer when you can buy 2 if you hold your cash two more months.
Post
Topic
Board Speculation
Re: Well, I am all out again, for good this time
by
Milotyc
on 13/01/2015, 10:49:56 UTC
Bitcoin is not an investment. It is a currency.

Good luck buying a plane ticket or booking a hotel room online using your gold and silver.

One can invest in a currency, making it an investment.
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Topic
Board Speculation
Re: Well, I am all out again, for good this time
by
Milotyc
on 13/01/2015, 10:43:39 UTC
liquidity is horrible, really horrible. there are 14 million coins, but selling or buying 100 000 at once on any exchange will pretty much blow up that exchange to zero or infinity. 100 000 is not even 1%

store of value? what store of value, no one can seriously think people would invest life savings in bitcoin when it moves 10% in a day, OFTEN. this is linked to point 3.

if interest is dying amongst bitcoin traders / holders / enthusiasts, how the hell will the public get excited.

why would someone buy something (legal) with bitcoin instead of a credit card? offers zero benefits, only downside.

See what happens if you sell 1% of all dollars at once on any exchange, will be fun.

Yes, people actually do invest their live savings into btc.

Getting the public excited has nothing to do with traders (speculative trading actually does the opposite).

It offers many benefits, the most important one being privacy.
Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Milotyc
on 13/01/2015, 01:34:59 UTC
Lol 1470 CNY I love the Chinese.
Post
Topic
Board Economics
Topic OP
Bitcoin days destroyed
by
Milotyc
on 13/02/2014, 18:07:28 UTC
Post
Topic
Board Speculation
Re: Coinbase will be next to halt withdrawals by Friday..
by
Milotyc
on 11/02/2014, 22:34:45 UTC
Ok Im just trying to help with what I know once it happens you can find a new way to say I did not predict it.. Im only trying to help, I will leave here now..

Trying to help with what you know?

Source pls.
Post
Topic
Board Speculation
Re: how many coins went for 100 usd today
by
Milotyc
on 11/02/2014, 18:54:19 UTC
I was right about my plummet thread.

No.
Post
Topic
Board Speculation
Re: Something is wrong. We cannot just gloss over the $100 sell
by
Milotyc
on 11/02/2014, 16:55:25 UTC
Don't fool yourself. The effects of the closing down of Silk Road are yet to come. Remember the 144,000 coins the FBI took? Not dumped yet.
So don't fool yourself, the closing down of Silk Road didn't have an effect... YET.

>Implying they'll ever dump it for dollars (of which they have infinite).
Post
Topic
Board Speculation
Re: 790 people own half the bitcoins
by
Milotyc
on 30/01/2014, 11:05:21 UTC
#people = wallets?
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Topic
Board Speculation
Re: This is what happens when China bans exchanges
by
Milotyc
on 21/01/2014, 17:23:45 UTC
What makes OP think the Chinese will all sell their coin?
Because NXT

You're still taking this thread serious right? If so, tell me more.

Post
Topic
Board Speculation
Re: Bitcoin will be 10k+ Q1 2014.
by
Milotyc
on 21/01/2014, 17:11:42 UTC
numbers first, talk second

Your numbers hurt my eyes.
Post
Topic
Board Speculation
Re: This is what happens when China bans exchanges
by
Milotyc
on 21/01/2014, 17:01:16 UTC
What makes OP think the Chinese will all sell their coin?
Post
Topic
Board Speculation
Re: Bitcoin - Bulls out of the wedge but without force
by
Milotyc
on 20/01/2014, 11:38:10 UTC
This guy keeps drawing pointless lines just to promote his website. Starting to be annoying :/
Post
Topic
Board Speculation
Re: Poll: Triangle break up or down?
by
Milotyc
on 17/01/2014, 13:03:35 UTC
Breaking down on all atm.
Post
Topic
Board Speculation
Re: The fiat experiment: Stopping time
by
Milotyc
on 15/01/2014, 18:42:18 UTC


It always feels like you're having a luxurious and speedy trip, as you speed along the autobahn at 180kph in your S class, the moment before you collide with the pillar.  That wonderful feeling of progress and comfort should not deter you from looking out the windshield to see what is in front of you.  Most of us can do nothing to influence the driver.  But now with bitcoin, we have been given rocket-powered ejection seats, and our lives are in our own hands once again.



I wish you were my teacher, be it economy or english lessons.
Post
Topic
Board Speculation
Re: Bitcoin - Broken trend line
by
Milotyc
on 14/01/2014, 16:21:23 UTC
http://s12.postimg.org/f1l389f99/watstrend.jpg

Wtf I keep looking but still can't find a broken trend  Huh