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Posted on 5/14/13 at 11:56 am to the LSUSaint
quote:
Financial experts out there, is this a fair assessment.
You are severely overestimating the value of bitcoin vs world currency. Severely. This isn't a threat to them at all. Not even in the next 10 years.
Posted on 5/14/13 at 11:57 am to LSURussian
So is there any idea the total $$ amount of bitcoin transactions that have occurred YTD?
This might be impossible to find out because I'd guess that >98% of bitcoin transactions are just swaps in and out of dollars
This might be impossible to find out because I'd guess that >98% of bitcoin transactions are just swaps in and out of dollars
Posted on 5/14/13 at 11:57 am to the LSUSaint
quote:
And the mere fact that his team is able to deny being threatened by Bitcoins at this time, should tell you immediately they have and are keeping on eye on it.
Posted on 5/14/13 at 11:58 am to gizmoflak
quote:
This might be impossible to find out because I'd guess that >98% of bitcoin transactions are just swaps in and out of dollars
There you go. Which shows the impact of it as a "currency". It's a speculators dream. It isn't a viable currency.
Posted on 5/14/13 at 11:59 am to Broke
quote:
There you go. Which shows the impact of it as a "currency". It's a speculators dream. It isn't a viable currency.
so far, yes
If that % doesn't steadily drop, bitcoins will fade away IMO
Posted on 5/14/13 at 12:00 pm to gizmoflak
quote:
If that % doesn't steadily drop, bitcoins will fade away IMO
Name one major retailer that is accepting bitcoin for goods and services.
Posted on 5/14/13 at 12:02 pm to gizmoflak
quote:That's not a "transaction" as far as using bitcoins to purchase a good or service.
I'd guess that >98% of bitcoin transactions are just swaps in and out of dollars
I tried to determine the annual usage of btc for purchasing goods and services about a month ago when wiki first made his hilarious prediction of "1% of global GDP."
I couldn't find any consolidated estimates. The best I could do was I found an estimate on Silk Road's sales in btc and the Japanese gambling site that uses btc. The articles said those two enterprises were the two largest btc merchants. Their combine annual sales were about $25 million.
ETA: I think the name of the Jap gambling site is SatoshiDice.
This post was edited on 5/14/13 at 12:04 pm
Posted on 5/14/13 at 12:05 pm to gizmoflak
gizmo, why do you think Broke ignored my bold questions?
Also, do you think these morons actually do any research like they claim? I found transaction vs. trade volume estimates in about 5 seconds.
measuring bitcoin speculation
Trade Volume vs. Transaction Volume Ratio
Also, do you think these morons actually do any research like they claim? I found transaction vs. trade volume estimates in about 5 seconds.
measuring bitcoin speculation
Trade Volume vs. Transaction Volume Ratio
Posted on 5/14/13 at 12:07 pm to Broke
quote:
Yeah, maybe we should not depend on teachers to mold our education/careers. Maybe we should not depend on parents to mold our morals/ethic/values. Totally disregard all of that shite.
Well I would completely disregard everything that you say on here
Posted on 5/14/13 at 12:11 pm to LSURussian
It would have to increase about 275,000% to reach that number.
Posted on 5/14/13 at 12:12 pm to Powerman
quote:
Well I would completely disregard everything that you say on here
You should. Along with every doctor, CPA, contractor, etc. Just ignore all of those ignant fricks.
P.S. Good job dropping out of college. I'm sure you know way more than I do.
This post was edited on 5/14/13 at 12:17 pm
Posted on 5/14/13 at 12:16 pm to Powerman
quote:
Maybe you should learn to think for yourself and not depend on billionaires to mold your investment strategy.
Holy shite are you serious? Do you think you're talking to an amateur here? I've been in this industry for a minute or two, and I'm pretty fricking good at it. I had my opinion about bitcoin long before Buffett made this quote, based on my own research and experience. Go check the threads if you want proof.
quote:
You could drive yourself nuts hanging on to every word from every billionaire investor and trying to sift through all of the bullshite
I agree, but fortunately I don't hang on every word of every billionaire, I'm busy making money for me a my clients. I do however tend to listen to the wisdom of people who have accomplished more than I have, since they have something I want.
Posted on 5/14/13 at 12:21 pm to Broke
quote:
You should. Along with every doctor, CPA, contractor, etc. Just ignore all of those ignant fricks.
P.S. Good job dropping out of college. I'm sure you know way more than I do.
Oh I don't know as much as you do
But I know enough about you to know that you're not really competent enough for me to listen
Posted on 5/14/13 at 12:25 pm to WikiTiger
quote:
I found transaction vs. trade volume estimates in about 5 seconds.
You just confirmed your total financial ignorance.
Neither of the links you posted approximated the global purchasing of goods and services usage of bitcoin. If you think I'm wrong, then post what the btc global usage amount is using those links.
Your links are starting to be just like joshie's links: a waste of time to click on.
Major, MAJOR fail on your part.
Posted on 5/14/13 at 12:27 pm to Powerman
quote:
But I know enough about you to know that you're not really competent enough for me to listen
It doesn't matter to me. I don't value your opinion. But I have a few hundred clients who value mine. That's all that matters. If you don't know more than me, why are you touting your investment expertise in a thread where you are up 27%? You got lucky. Hell, lots of people get lucky in market expansions. We make our money in declines. Don't ever read another post of mine on the money board. I don't care. There are at least a few educated people that I can carry on a discussion with. They value what I say too. Hell I may not agree with Wiki but I value discussions with him.
Posted on 5/14/13 at 12:29 pm to Broke
You sure get your pussy feelings hurt in a hurry don't you?
I just don't think you're that competent.
I just don't think you're that competent.
Posted on 5/14/13 at 12:32 pm to Broke
quote:
But I have a few hundred clients who value mine.
McDonald's serves a lot of hamburgers. Doesn't mean that the food is any good.
Seriously, I'm sure you're good at what you do. I just wouldn't trust everything you say as gospel without at least bouncing the ideas off of a few other people in your industry. And that goes for most people, not just you.
Posted on 5/14/13 at 12:33 pm to Powerman
quote:
I just don't think you're that competent
And I just don't care. You make idiotic statements with no valid reasoning. I've seen you do it a few times. You'll grow up one day. But until that day, let the big kids talk.
Posted on 5/14/13 at 12:34 pm to Powerman
quote:Did he lose his job and have to relocate to find another one?
I just don't think you're that competent.
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