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Started By
Message
re: Predict the 12/31/2014 bitcoin price (plus 2013 year in review)
Posted on 1/4/14 at 11:40 am to WikiTiger
Posted on 1/4/14 at 11:40 am to WikiTiger
quote:It just hit me why you think the above is true (it's not)!
I think what is most disturbing in all of this is that the Money Board community is so terrified of LSURussian that they won't call him out on his bullshite.
YOU are terrified of me, not the other posters! I've caught you in so many lies and in really, really unintelligent posts that you fear me replying to you! It's also why you are reluctant to reply to my posts.
Finally the truth comes out!
0
Posted on 1/4/14 at 1:12 pm to LSURussian
quote:no
But the real question is are you terrified of me?
Posted on 1/4/14 at 1:31 pm to ell_13
Posted on 1/4/14 at 2:49 pm to LSURussian
So far LSURussian is the only one using facts. 99% of the information on bitcoins is pure speculation and a "hope" that people are stupid enough to buy into it.
Posted on 1/4/14 at 3:05 pm to JayDeerTay84
This is my deal with it. Bitcoin is nothing without the internet. People say Bitcoin is amazing becuase its so called "free from regulation". However, the internet is not such a place "free from regulation".
Governments have the ability, if they so choose, to regulate everything on the internet.
It is faith in a digital currency defeating governments. Sorry, I just don't see this happening. Governments are soaking up power.
The idea is Bitcoin is remarkable and sound, but its application unfortunately does not seem to have ANY clear path free from major risks.
Bitcoin will have to concede some regulation for this to fully be implemented. AKA, taxes. Once its taxed, its just the E-form of the dollar. Nothing special at all.
Governments have the ability, if they so choose, to regulate everything on the internet.
It is faith in a digital currency defeating governments. Sorry, I just don't see this happening. Governments are soaking up power.
The idea is Bitcoin is remarkable and sound, but its application unfortunately does not seem to have ANY clear path free from major risks.
Bitcoin will have to concede some regulation for this to fully be implemented. AKA, taxes. Once its taxed, its just the E-form of the dollar. Nothing special at all.
This post was edited on 1/4/14 at 3:11 pm
Posted on 1/5/14 at 5:54 pm to JayDeerTay84
like i said bitcoin would rebound and its back over 1000 a coin.....
Posted on 1/5/14 at 8:57 pm to bamafan425
quote:
Doesn't seem very stable, why would you want to use that as a "currency"?
For a currency you don't need stability so much as you need universal acceptance as a method of payment.
Posted on 1/6/14 at 11:28 am to foshizzle
And for a crypto-currency you need computing power. How can Bitcoins function as a currency during an emergency if electrical or telecommunications service is interrupted?
Posted on 1/6/14 at 9:28 pm to Poodlebrain
quote:
And for a crypto-currency you need computing power. How can Bitcoins function as a currency during an emergency if electrical or telecommunications service is interrupted?
same can be said for credit cards
Posted on 1/6/14 at 9:32 pm to brbowhunter
quote:Credit cards are not a currency.
same can be said for credit cards
Posted on 1/7/14 at 8:17 am to brbowhunter
quote:Credit cards will not function if electrical or telecommunications services are interrupted, but they are not currency. They are not assets of the cardholder. They are debt obligations. Debit cards would be a more appropriate comparison to Bitcoins since they contain assets of the cardholder.
same can be said for credit cards
Posted on 1/7/14 at 9:52 am to WikiTiger
quote:
Therefore, other exchanges are generally used as a more accurate price. For instance, Bitstamp is probably the most popular exchange for Americans right now,
So why don't you use Bitstamp for your prediction contest this year?
Do you have an ulterior motive for using MtGox?
It couldn't be that you want to use MtGox because "there is a premium on USD bitcoin purchases there" and that leaves the impression that bitcoin is more valuable than it really is in the market? Hmmmmmm?????
You are just soooooo dishonest.
Posted on 1/7/14 at 11:10 am to WikiTiger
quote:
C, Broke, Benny, you are all smart enough to see through his games but you never call him out. Why?
Why would we? We are all smart and have all preached the issues that are faced by Bitcoin. In short, we don't disagree with him.
Posted on 1/7/14 at 11:14 am to Broke
quote:=
We are all smart
quote:
we don't disagree with him.
Posted on 1/7/14 at 11:16 am to LSURussian
FTR you frighten me.
Posted on 1/7/14 at 11:18 am to Broke
quote:
FTR you frighten me.
Posted on 1/7/14 at 11:19 am to Broke
Look, I'm gonna take a stab at this and it might hurt some feelings but here goes. He needs validation from just one of us. He fights this battle day in and day out. He knows that we are the financial elite when it comes to monetary policy. I'm the low man on the totem pole imo but I digress. He only wants one of us. If he can get that, he can hang his hat on one of the elite saying he's right. But here's why that's not likely to happen. Because you can put poo on bread and call it chicken salad. But in the end, it's still poo.
Posted on 1/7/14 at 11:29 am to Broke
Posted on 1/7/14 at 11:36 am to LSURussian
Benny is the most "open" to his discussion. I think there are going to be a lot of hurt people without a chair when the music stops.
Posted on 1/7/14 at 11:57 am to Broke
quote:I agree, but I still remember that schooling Benny gave wiki last year regarding how currency exchanges compute their bid/ask prices.
Benny is the most "open" to his discussion.
As I recall, wiki never returned to that thread after looking foolish with his "expert" explanation on currency pricing.
I admit Benny taught me something, too, with that post.
ETA: Are you going to participate in the 2014 market prediction thread? Give it a shot, why don't you?
This post was edited on 1/7/14 at 12:00 pm
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