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Showing 11 of 11 results by f1lt3r
Bitcoin and others are a real threat to the fed. I dont think they will let it go unregulated for much longer. Expect some form of regulation... weather it is effective or not who knows.
Yeah I think I agree with you there.
Found this article pretty interesting: http://www.naturalnews.com/039830_bitcoin_bubble_crash.html
Is the scenario that they print enough money to allow them to buy nearly all the bitcoins? They won't have to print very much. They are already printing $80 billion a month (40 times the total value all bitcoins).
Yikes.
So that is the reason the price is going up so fast. You figured it out. The FED is trying to buy all the Bitcoins! Thanks for telling me that. Now I know to hold until $1,000,000 per BTC before I sell.
And then buy back your inflated dollars.
Having such high inflation would destroy the United States Dollar in the process.
Good point. I guess it would depend on whether they could do it quick enough?
Scenario: The Federal Reserve Bank prints as much damn monopoly as they want, send the price of Bitcoin into outer-space, when they are the only remaining buyer(s), they crash the price and buy the majority of the supply. Game over.
Thoughts?
Thoughts?
Makes sense.
The way I am thinking about it... I really want the Bitcoin more than the monopoly money. So I've been storing a portion of the profits in USD thinking... this has to go down at some point.
The thing that gets me is that I still feel like a lot of people are only just getting on board. Cyprus made a difference last week, the media buzz made a huge difference this week. Next week... maybe Joe Shmoe also figures out how to get on the exchanges and the week after England's debt comes home to roost. This has the potential to climb for a long time.
Better safe than sorry anyway I think. A little here, a little there.
The way I am thinking about it... I really want the Bitcoin more than the monopoly money. So I've been storing a portion of the profits in USD thinking... this has to go down at some point.
The thing that gets me is that I still feel like a lot of people are only just getting on board. Cyprus made a difference last week, the media buzz made a huge difference this week. Next week... maybe Joe Shmoe also figures out how to get on the exchanges and the week after England's debt comes home to roost. This has the potential to climb for a long time.
Better safe than sorry anyway I think. A little here, a little there.
My guess is a lot of the people buying Bitcoins right now are more interested in making their returns in dollars on a crash or correction, than actually having Bitcoins and using them as currency. Bitcoins are about to hit $225 per coin, crazy!
Am thinking Bitcoins will keep climbing for a loooong time. But I'm also unsure whether the climb can remain so steep for so long?
Am thinking Bitcoins will keep climbing for a loooong time. But I'm also unsure whether the climb can remain so steep for so long?
Yeah it's a scary thought. Funny thing is, even is you look at the crashes and watch it long term it keeps on moving up. I feel like it would categorically fail on a security level to really kill it.
I was showing the MTGOX candle stick to a finance guy on the weekend. He said reading the candle stick... "So many white soldiers, it's going up, and I mean... UP UP!" He compared it to Apple a while back. The whole idea freaked him out a bit I think, because it's so new, it could go anywhere.
Being someone that invested before it went up, I feel like there is less pressure than people getting involved now. But it sure is interesting.
For me the ideal situation is that a) the system is integrally strong enough to stop it being hacked, b) things become stable enough to use this as currency.
Two things I find might be a game changer in the long run...
1) Supply is limited, so can the GDP grow faster than the network can produce small change (even with the 8+ decimal system)?
2) It seems like most of the money is going to Americans. I live in America, but still... it's a concern. Equity is strength in my mind. Not monopoly.
I was showing the MTGOX candle stick to a finance guy on the weekend. He said reading the candle stick... "So many white soldiers, it's going up, and I mean... UP UP!" He compared it to Apple a while back. The whole idea freaked him out a bit I think, because it's so new, it could go anywhere.
Being someone that invested before it went up, I feel like there is less pressure than people getting involved now. But it sure is interesting.
For me the ideal situation is that a) the system is integrally strong enough to stop it being hacked, b) things become stable enough to use this as currency.
Two things I find might be a game changer in the long run...
1) Supply is limited, so can the GDP grow faster than the network can produce small change (even with the 8+ decimal system)?
2) It seems like most of the money is going to Americans. I live in America, but still... it's a concern. Equity is strength in my mind. Not monopoly.