Yeah lol that's why they are the single biggest holders of gold coins, bars and ingots.
If you bought Bitcoin on Friday, you have lost almost 28%
- Thread starter Pekelo
- Start date
I think it's time to update this thread 
GDAX shows price per bitcoin of ~$2500
btw, calling 28% down on bitcoin after it hit all-time high and didn't stay there for long means someone has perfect timing of buying the top and selling the low. That person on the title shouldn't be messing around with trading to begin with.
Also, people in irc and same as me, we think price of bitcoin is too high! No one who has held bitcoin for a while is buying at this price
I was buying little amounts a few months ago when it was maximum $1,100/bitcoin
GDAX shows price per bitcoin of ~$2500btw, calling 28% down on bitcoin after it hit all-time high and didn't stay there for long means someone has perfect timing of buying the top and selling the low. That person on the title shouldn't be messing around with trading to begin with.
Also, people in irc and same as me, we think price of bitcoin is too high! No one who has held bitcoin for a while is buying at this price
I was buying little amounts a few months ago when it was maximum $1,100/bitcoinNotice, bitcoins doesn't advertise on TV, Radio, or in anywhere, bitcoin is nothing but money laundering service.
This trading of bitcoin is just front for money laundering hiding ill gotten 'stolen' money to hide their stolen money. okay
money launderers dream is bitcoin.
This trading of bitcoin is just front for money laundering hiding ill gotten 'stolen' money to hide their stolen money. okay
money launderers dream is bitcoin.
Hey, $900 drop from 2760 under 48 hours from Thursday's high... Currently under 2000.... AKA discount Saturday. This sell off was caused probably because the BearWhale finally went long after years of missing out...
Welcome to the currency of the internet, where the fundamentals don't count and the profits are imaginary...
It should bounce back to 2200 at least but the vertical raise is over...
Just some thoughts:
Is there any real mathematical proof , and guarantee, that there will not be more than 21 million coins? Or is it just to push people to jump in quickly before it is too late? Like these promotions that pop up when you watch some websites: today big discount! But only today, so act now!
This 21 million limit can create a fake feeling of scarcity. And everything that has limited availability rises fast in value. Like oldtimers, paintings... Except that these are materialistic things; bitcoins are imaginary things based on trust. Cars or painting are more difficult to fake, bitcoins are not. And if you push DELETE your couns can disappear and nobody can proof anymore if they were real or fake. The only thing that is important: bitcoins should work till there is enough money involved for the organizers to pull the plug and take the money.
Does anybody know and saw the source of the code how to generate bitcoins? If not it can be fake too. There are too many mysteries for me around the bitcoin hype to have trust in it. Of course nobody saw the source code because it would ruin the whole thing. A perfect alibi to explain why the proof cannot be shown.
Is there any real mathematical proof , and guarantee, that there will not be more than 21 million coins? Or is it just to push people to jump in quickly before it is too late? Like these promotions that pop up when you watch some websites: today big discount! But only today, so act now!
This 21 million limit can create a fake feeling of scarcity. And everything that has limited availability rises fast in value. Like oldtimers, paintings... Except that these are materialistic things; bitcoins are imaginary things based on trust. Cars or painting are more difficult to fake, bitcoins are not. And if you push DELETE your couns can disappear and nobody can proof anymore if they were real or fake. The only thing that is important: bitcoins should work till there is enough money involved for the organizers to pull the plug and take the money.
Does anybody know and saw the source of the code how to generate bitcoins? If not it can be fake too. There are too many mysteries for me around the bitcoin hype to have trust in it. Of course nobody saw the source code because it would ruin the whole thing. A perfect alibi to explain why the proof cannot be shown.
Wow, thank you. You mean bitcoin is the best money laundering tool? Like better than Swiss or offshore banks or precious metals where the elites hide their wealth? Is it because it makes it easy for anyone and not limited to someone with Million$ and easy to transport across borders on a usb or maybe in an email unlike Gold which can get confiscated if found in your bags?
You need to contact the bitcoin marketing department for complaints about their shortcomings in advertising, or perhaps you need to visit their offices. They have one at every major city. Just look up in the yellow pages for the nearest one to you.
@johnard. @sle (I think you mentioned you had purchased and I've found some of your views informative). These may be ignorant questions and I understand the price fluctuation , which is no different than any other type of speculation.
But, can any one point out in a succinct, bullet point manner what capital controls are in place regarding Bitcoin or any other crypto as a CURRENCY? Are there any type of "depository receipts" ? What mechanism limits the supply , why can't more coins be endlessly generated? If the hacking/theft continues, what regulatory body is in charge of determining rightful ownership ?
I'm just not seeing how this meets the definition of a currency. Even as a tender for illegal activities it eventually needs to be converted/washed back into a hard currency . If it can not be, even it's illicit uses are limited.
"........Or the Ford LTD. "LTD." Limited. It's a "limited" edition...what did they make, fifty million of those? "Yes, it's 'limited'..... to the number we can sell."
-Seinfeld
The number of coins does not matter much b/c they can be broken up into smaller units. I think the total capitalization is what counts and it can go into trillions.
The total capitalization is the result of the number of coins multiplied by the value of each coin. So the number of coins do matter and are essential to calculate the total capitalization.
How far it can go is linked to the level of fantasy you have.
Everything that is limited results in higher prices. If you want to go to the Superbowl and there are 10,000 tickets the price will be different from what the price would be if there were only 10 tickets available.
Prices of old cars go insane if the number of still existing samples is very low.
The smallest unit is a satoshi. If you have 100 million friends on facebook, you can give each one a satoshi. It's a very bad example because the fees will be many thousands of satoshis per transaction, so you'll need much more than 1 bitcoin to send that many transactions.
Added url for refrerence: https://en.bitcoin.it/wiki/Satoshi_(unit)