The record
Archive
Filter by subreddit, year, topic, and post vs comment. Every hit includes the parent thread and, for replies, the comment being answered.
17 matches
@SUBWAY just retweeted me to their 1.6 million followers mentioning /u/techguy90's Bitcoin purchase in one of their stores, linking to his article.
Replying to BenSBernanke · It's not so much that you are stupid. It's that you are human, and you think linearly. Surely, someone may have reacted similarly to a suggestion a fixed 10,000 BTC spent on pizza …
It's interesting that you make value judgements on the manner in which I think, based off statements so heavily draped in sarcasm, a toddler with Asperger's would recognize them. I do not really think I am stupid, nor am I attempting to define Bitcoin by "platonically" categorizi…
@SUBWAY just retweeted me to their 1.6 million followers mentioning /u/techguy90's Bitcoin purchase in one of their stores, linking to his article.
Replying to BenSBernanke · Mr. Dumb, This will be a million dollar sub well before we hit 21,000,000 coins. How do you figure the "current total capitalization of the entire planet?" There's ~$60 trilli…
Mr. Bernanke, I suppose I should have been more precise in my sarcastic reply. $71 trillion is the gross world product. So saying it was the total capitalization of the world was wrong. Total global capital flows are estimated at around $300 trillion. So let's say we compare the…
@SUBWAY just retweeted me to their 1.6 million followers mentioning /u/techguy90's Bitcoin purchase in one of their stores, linking to his article.
Replying to BenSBernanke · Assuming this was tonight, it would have amounted to 0.023 BTC... I'll speculate this $18 Subway meal will become **The Million Dollar Sub**. Much like the infamous Million Dollar …
That would be a market capitalization of $924 trillion once we reach 21 million bitcoins. The current total capitalization of the entire planet is only $71 trillion. Seems plausible.
CNBC graphic on Bitcoin Performance (11/20 Fast Money)
Replying to OutaPlace · I really feel the same way. Unless you got on at the lowest point, its really expensive to get into. On top of that, I hear a lot of "get your friends into it" or "help spread the …
As the market expands, the same amount of bitcoin will be in the hands of many more people. If the market capitalization reaches high enough, most people will not be trading even close to a whole coin. Then volatility will go down, as it will take a larger number of people to mov…
This is how everyone new to bitcoin feels right now.
Replying to qrios · Most of the people selling around here don't go > 5% market . . . But in any case, it's a simple cost benefit analysis. Is the added price worth the decrease in security risk and …
Good luck finding someone in Phoenix that will do 5% over market. It's hard enough even finding someone that will sell to you at all. By the time they meet up with you, the market has fluctuated, and you are still paying 15-20% over the corrected price. And some of them use Gox a…
What most investors don't get about Bitcoin as a currency
Replying to ferretinjapan · There are always improvements to technologies, I'm not naive enough to think that Bitcoin couldn't be supplanted, but these innovations come in fits and starts, and I think you'll …
By first, I mean first one to gain major adoption. My point is that things are going to change as it becomes more popular, and the bigger players start to get involved. We cannot predict the next 4 years based on the last 4 years, as the people involved in the market are vastly d…
What most investors don't get about Bitcoin as a currency
Replying to BCLaraby · As will I. Thanks for taking the time to have this conversation with me. I appreciate it!
My pleasure.
What most investors don't get about Bitcoin as a currency
Replying to BCLaraby · It will become what the market demands of it. LTC and others have nowhere near the world-wide name recognition. It's safe, secure, open source and building confidence. It may no…
At this very moment in time, I agree with you. Trends can shift faster than you can blink, though. I'll be watching with interest, that is for sure.
What most investors don't get about Bitcoin as a currency
Replying to ferretinjapan · Bitcoin is not a company, it is infrastructure. It is the equivalent of the internet's ipv4.
No, it's ARPANET. There's going to be a lot of CSNETs and NSFNETs before we see the internet. Bitcoin is merely the first cryptographic currency to gain acceptance. We can use analogies all day long. My point is that there is nothing about bitcoin that cannot be duplicated and im…
What most investors don't get about Bitcoin as a currency
Replying to BCLaraby · That's the point. These are scenarios that need to be pushed into the limelight, debated, prepared for. If they're ruled out, amazing. Fantastic. But weaknesses need public scr…
I completely agree. There's a lot of speculative money in it now, though. I don't see volatility decreasing enough for it to be a currency any time soon. People want to make a quick buck, and will throw their beliefs under the bus to do it. Crytographic currencies are here to sta…
What most investors don't get about Bitcoin as a currency
Replying to BCLaraby · And therefore destroying Bitcoin could just as easily be a 'calculated plan' on their part.
I have no doubt that market manipulation is happening right now. I am watching the trends and can see it. Will demand grow fast enough and smart enough to smooth that out? Or is an entity going to throw enough capital at it to force the market to do what it wants? We've entered i…
What most investors don't get about Bitcoin as a currency
Replying to ferretinjapan · I recommend you try to at least understand Bitcoin a little better before you outright dismiss it. To even weigh in on the subject and claiming you have absolutely no interest in B…
Bitcoin is where it is at right now because it was the first. What makes people put their stake in it long term, when there are alternatives like Litecoin and Peercoin? What prevents someone from taking the Bitcoin algorithm, improving it and streamlining it? What is preventing B…
What most investors don't get about Bitcoin as a currency
Replying to BCLaraby · Yes. Yes they did. I would've bought that argument if they had only built one city, realized that it wasn't making any money and they stopped. But they didn't. They kept buildin…
China knew what they were doing. They knew their currency was overinflated, and needed to maintain a level of demand for building materials to justify it. It was a calculated plan, not a mistake.
This is how everyone new to bitcoin feels right now.
Replying to [deleted] · [deleted]
This is about the time when trends get interesting. The market demand is expanding at a rapid pace, and with people who have little market experience. This means that trends will be exaggerated, and emotions will dictate fluctuations more than logic. Someone with the knowledge of…
This is how everyone new to bitcoin feels right now.
Replying to qrios · You can also buy local from someone face to face in a public place.
For 20% or more over the highest market price. Volatility is making that option not very useful at this point in time. Eventually the market is going to need to decide if this is a currency or a commodity. It can't be both.
How To for crash selling
Replying to pyalot · Worked so far... of course eventually the 300 spartans all died, so maybe that's a bad analogy mkay?
I believe that is what he was insinuating. That Bitcoin is going to put up a good fight, but will eventually be overtaken. The, "hold no matter what" mindset is the same mindset the Spartans had when facing the Persians. That is an awesome way to look at it if you are defending y…
If you've been waiting to buy at low prices and now decide that "meh, bitcoin's not that great" don't come back here in 6 months when we are over $1000 and lament over "how you nearly bought some in November"
Replying to [deleted] · More chances for us to buy some on the cheap. Trends show that Bitcoin always springs back up to new heights. I don't see why that would change now that China is in the game and th…
As the market expands, previous trends become less and less accurate. Be careful basing decisions off past tendencies, as the market demand and price drastically alter the way the market reacts to situations.