Main Area and Open Discussion > Living Room
Does anyone here use Bitcoins?
40hz:
Who knows? Linus may just be right after all... ;)
SeraphimLabs:
I'm more concerned with its value dropping than its mainstream increasing. Cripes it's down to $350 USD now ...(that shit's making me nervous)... They need to dropkick it back up to at least the 500's..
-Stoic Joker (December 12, 2014, 10:58 PM)
--- End quote ---
I doubt it will continue.
Right now the market is once again being manipulated, as bulls and bears battle it out with the charts as the scoreboard.
Eventually when the people playing with it have met their quotas, it will go sky high again and take everyone with it. There's enough actual usage for it now to keep it from dissappearing in any kind of hurry, and the economics of supply and demand should guide it once the big money people stop messing around.
Stoic Joker:
Right now the market is once again being manipulated, as bulls and bears battle it out with the charts as the scoreboard.
-SeraphimLabs (December 13, 2014, 09:03 AM)
--- End quote ---
Yeah, well the greedy pricks can tickle their ass with higher numbers just as easily without crippling the average Joe who's just trying to get by.
The news last night mentioned that the Wall Street vampires were having a hissy fit because of the "Horrifically low" price of gas these days ... Which is in an antithetical contrast to all of the other news reports that say that the economy is finally getting its crippled ass up out of the gutter because of gas prices dropping below the viciously gouging anal rape price range.
...And yet they sit there all baffled looking because the common man wants to have them burned at the stake...because they don't "understand" what they're doing wrong. Much like the French ruling class right before the advent of the guillotine fad back in he day ... We need to do that again.
Renegade:
Keep in mind that oil prices dipping like this could be a signal for a crash. Canadian housing prices just dipped for the first time in 5 years. Spain & Greece have 50% youth unemployment. The Japanese economy is a shambles. The US has 0.34% cash to debt (near zero liquidity), which indicates that they have a lot of market power. The oil price crash is likely part of a broader economic war on Russia. GATA was right about the PM market being manipulated. They all are. Legislation is in place to bail-in the banks (i.e. steal money from people to cover bank losses). New legislation on derivatives went through. The derivatives market is 20x (or more) the size of the world economy. Will pension funds be raided? Can we say "bubble"?
I think we're poised for another crisis, and very well could be headed into another war.
That could push people to put their savings into assets that aren't affected by traditional economic factors, and Bitcoin fits the bill.
Right now with the price like it is, it seems like a buy & hold or buy & spend (with some holding) price. It's pretty cheap now.
Stoic Joker:
Keep in mind that oil prices dipping like this could be a signal for a crash.-Renegade (December 13, 2014, 05:16 PM)
--- End quote ---
Highly doubtful...unless it being intentionally orchestrated. The Oil Err... "Energy Companies" are simply running out of bullshit excuses for keeping the prices jacked up to crippling rates. Last I heard the US is producing 80+% on its own oil so the middle east boogie man (blame game) shenanigans don't fly anymore. They've fracking well known (pun intended) for years they could drop the price to a reasonable level and still rake in mountains of cash per minute - just like they still are right now - without vimpirically draining the economy for fun and profit Ferengi style.
This kind of crap is precisely why these elitist market ghouls need to be publically executed (by the public) as a warning to others.
Canadian housing prices just dipped for the first time in 5 years. Spain & Greece have 50% youth unemployment. The Japanese economy is a shambles.-Renegade (December 13, 2014, 05:16 PM)
--- End quote ---
Blah Blah Blah - Global Economy... Yet another daffy excuse for pillaging the middle class ... Who for some odd reason always seen to get obligated to take the brunt of the damage in the interest of protecting the aristocratic 1%.
The US has 0.34% cash to debt (near zero liquidity), which indicates that they have a lot of market power.-Renegade (December 13, 2014, 05:16 PM)
--- End quote ---
"Zero Liquidity" (e.g. no cash) equates to "Market Power" how exactly?? If you're broke, you're supposed to stop buying shit ... Unless you're intention is to star in one of the many blond jokes that end with "But I still have checks left?!?"..
The oil price crash is likely part of a broader economic war on Russia. GATA was right about the PM market being manipulated. They all are. Legislation is in place to bail-in the banks (i.e. steal money from people to cover bank losses). New legislation on derivatives went through. The derivatives market is 20x (or more) the size of the world economy. Will pension funds be raided? Can we say "bubble"?-Renegade (December 13, 2014, 05:16 PM)
--- End quote ---
The key to Russian Roulette, is you're supposed to point the gun at your own head when the trigger is pulled...not the head of guy next to you. Which is why we need to bring back the guillotine (French style) to assist in educating the aristocracy on what constitutes 'acceptable risk' - for the greater good...
That could push people to put their savings into assets that aren't affected by traditional economic factors, and Bitcoin fits the bill.-Renegade (December 13, 2014, 05:16 PM)
--- End quote ---
Or more likely push people into putting their savings into something that is dependent on an infrastructure that can be pulled out from under them at a moments notice in the interest of national security, or some other totally fabricated bull shit "reason".
Right now with the price like it is, it seems like a buy & hold or buy & spend (with some holding) price. It's pretty cheap now. -Renegade (December 13, 2014, 05:16 PM)
--- End quote ---
Nothing is ever "cheap"...if it's all you have.
Navigation
[0] Message Index
[#] Next page
[*] Previous page
Go to full version