Google Trend for "Buy Bitcoin" over last 90 days

Post by waterlesscloud » Thu, Nov 21, 2013, 8:27 AM UTC

SwellJoe wrote: post #28

jnbiche wrote: post #16

Earlier quoted context omitted.

I disagree. I think that there will still be a delay of another 3-4 days before the crowd that started getting interested around the senate hearings start to purchase. For one thing, Coinbase has consistently run out of Bitcoins the last few days. For another, I think a lot of folks will make their first purchase on Bitstamp, since it's really the biggest exchange now, and one of the most professionally run.

I've very rarely seen Bitstamp come up in any of these conversations. I know nothing about them...but, looking at their site, I can see that there's no way they will be preferred for first time BTC buyers from the US. It's not even a contest, because Bitstamp isn't even in the running for US buyers. Coinbase will fund your account via ACH from a US bank. Nobody else will. Thus, anybody wanting to start with Bitcoin i…

Post by Ellipsis753 » Thu, Nov 21, 2013, 9:04 AM UTC

fat0wl wrote: post #39

mrb wrote: post #37

Earlier quoted context omitted.

Yes it is. Ask any forex trader how they evaluate the worth of a currency. Exchange rates. This idea that Bitcoin's exchange rate should not be looked at to evaluate its worth is ludicrous. (What you can buy with a currency is merely an indirect derivative of exchange rates, in a modern economy running on global trade.)

ask any forex trader how many of them work in a medium without basic protections against market manipulation... You have a cargo cult mentality. If a little kid puts on his dad's pants, is he now his dad? If I told you that each word in the dictionary was now worth $700/USD would you respect the dictionary as a viable form of currency because it has "an exchange rate"? Not unless you could use it to buy things at the…

Post by Kequc » Thu, Nov 21, 2013, 9:48 AM UTC

mrb wrote: post #27

fat0wl wrote: post #22

Earlier quoted context omitted.

if bitcoin were such a great currency mofos like u wouldn't have to constantly compare it to USD just to figure out how much it's supposedly worth. If i sold you a magic rock and told you it's value would be multiplied by 10 every year you'd f k me with a splintered baseball bat. yet this is bitcoin, so people believe because... well because they've wasted so much damn time and money setting up server rigs to solve c…

Watch your mouth! I will not tolerate insults. To answer your ramblings: you are wrong, currencies have to be compared to other currencies to estimate their worth. The Euro is compared to the US dollar. The Japanese Yen is compared to the British Pound. Etc. So it is normal to compare Bitcoin to other currencies. The "contrived hash equations" are necessary to make it decentralized, which is the greatest property tha…

Post by VMG » Thu, Nov 21, 2013, 10:01 AM UTC

fat0wl wrote: post #40

VMG wrote: post #35

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I love these kinds of posts. Repeated bad arguments against Bitcoin are a stronger signal that good arguments for bitcoin

do you wear a suit when you press the power button on your "mine" so you can feel like a real grown-up intellectual? repeated "bad" arguments are just a sign that the techno-crowd is tired of greedy college dropouts acting like buying 100 bitcoin makes them the underground equivalent of Economics PhD candidates you're right tho it's a waste of time. have a nice life down in the mines lol

Post by mrb » Thu, Nov 21, 2013, 10:30 AM UTC

fat0wl wrote: post #39

mrb wrote: post #37

Earlier quoted context omitted.

Yes it is. Ask any forex trader how they evaluate the worth of a currency. Exchange rates. This idea that Bitcoin's exchange rate should not be looked at to evaluate its worth is ludicrous. (What you can buy with a currency is merely an indirect derivative of exchange rates, in a modern economy running on global trade.)

ask any forex trader how many of them work in a medium without basic protections against market manipulation... You have a cargo cult mentality. If a little kid puts on his dad's pants, is he now his dad? If I told you that each word in the dictionary was now worth $700/USD would you respect the dictionary as a viable form of currency because it has "an exchange rate"? Not unless you could use it to buy things at the…