Page 103 of 418 FirstFirst ... 3539399100101102103104105106107113153203 ... LastLast
Results 2,041 to 2,060 of 8350

Thread: Bitcoins are officially donkdown

  1. #2041
    100% Organic MumblesBadly's Avatar
    Reputation
    94
    Join Date
    Jun 2015
    Location
    In the many threads of this forum
    Posts
    9,408
    Load Metric
    65662504
    Interesting research study.

    Research: Bitcoin Price Higher Where Economic Freedoms Are Low
    Yessi Bello Perez (@yessi_kbello) |Published on October 15, 2015 at 15:32 BST

    New academic research has found that the price of bitcoin is higher in countries with lower degrees of economic freedom.

    In his paper, Robert Viglione, a PhD student at Darla Moore School of Business in South Carolina, notes that investors in repressed countries have bigger incentives to invest in the digital currency.

    Bitcoin, he says, is a low-cost option which allows citizens of these nations to bypass their domestic financial system.

    He told CoinDesk:

    "Countries with less freedom (eg capital controls and foreign exchange controls, like Argentina) have significantly higher bitcoin prices. It goes to the whole story about bitcoin having its highest values in repressive parts of the world. I think we're seeing a similar argument for Venezuelans' interest in bitcoin, as well."

    Viglione pointed out that Argentina's high bitcoin price was likely due to the data picking up the differences between the official peso exchange rate – set by the government – and the effective exchange rate used by traders buying and selling the digital currency "on the street".

    A disaster asset

    Bitcoin's decentralised and open-source nature, Viglione says, affords it the ability to trade and transmit funds across borders with few barriers or transaction costs, hence allowing the digital currency to behave as a disaster asset for people in politically unstable environments.

    Countries with capital controls, unstable prices, trade barriers or little financial freedom, he says, would be prime candidates for bitcoin as investors undergo a higher degree of asset confiscation and are less likely to move funds outside of the government controlled currency and their political jurisdiction.

    Viglione asserts that there is also a connection between high corporate tax rates, total tax burden and the premiums that investors are willing to pay for bitcoin.

    Although he notes hat bitcoin markets are probably too small for agents to consider the digital currency a viable channel of tax avoidance, he points out that there is a negative relationship between economic freedom and tax burden.

    "Taken together, this could suggest that investors are using bitcoin as a mechanism of escaping broader repression, of which excessive taxation is a component," he concludes.
    The rest of the article provides more detail on Argentina, and links to references.

    http://www.coindesk.com/research-bit...sed-countries/
    _____________________________________________
    Quote Originally Posted by Dan Druff View Post
    I actually hope this [second impeachment] succeeds, because I want Trump put down politically like a sick, 14-year-old dog. ... I don't want him complicating the 2024 primary season. I just want him done.
    Quote Originally Posted by Dan Druff View Post
    Were Republicans cowardly or unethical not to go along with [convicting Trump in the second impeachment Senate trial]? No. The smart move was to reject it.

  2. #2042
    Plutonium Sanlmar's Avatar
    Reputation
    4291
    Join Date
    Mar 2013
    Posts
    21,090
    Load Metric
    65662504
    Bitcoin airing it out at $294

    No comment.

    Name:  image.jpg
Views: 783
Size:  50.6 KB

  3. #2043
    Plutonium sonatine's Avatar
    Reputation
    7369
    Join Date
    Mar 2012
    Posts
    33,371
    Load Metric
    65662504
    doesnt look like it went past 288 on btc-e.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  4. #2044
    Owner Dan Druff's Avatar
    Reputation
    10110
    Join Date
    Mar 2012
    Posts
    54,626
    Blog Entries
    2
    Load Metric
    65662504
    Quote Originally Posted by Sanlmar View Post
    Bitcoin airing it out at $294

    No comment.

    Name:  image.jpg
Views: 783
Size:  50.6 KB
    They probably wont be popping that cork until it gets to at least 600, which it won't.

    Remember what chat they had where they were telling everyone that bitcoin will make it to 10,000?

    The amazing thing was that we had people on this forum claiming that this would happen, because the Winkelvii said so. And they weren't joking.

  5. #2045
    Diamond DRK Star's Avatar
    Reputation
    1282
    Join Date
    Mar 2012
    Posts
    8,401
    Load Metric
    65662504
    Quote Originally Posted by Dan Druff View Post
    They probably wont be popping that cork until it gets to at least 600, which it won't.

    Remember what chat they had where they were telling everyone that bitcoin will make it to 10,000?

    The amazing thing was that we had people on this forum claiming that this would happen, because the Winkelvii said so. And they weren't joking.

    they are invested so heavily in BTC that to say anything but its the greatest thing ever would be foolish. They need to hype the shit out of it or lose their ass.

    Im sure they will make some new prognostication if it starts to slip, like BTC will be the new currency for Tanzania or something ridiculous.

  6. #2046
    Plutonium sonatine's Avatar
    Reputation
    7369
    Join Date
    Mar 2012
    Posts
    33,371
    Load Metric
    65662504
    its also generally accepted that it was either them or their shills who were propping up prices for ever through microtrading.

    point being, what they do/say is really irrelevant to any conversation about the organic value of btc.


    speaking of which, i just noticed something interesting.. i went to a contemporary mining calculator page and the estimated break even period for someone purchasing a mining rig right now is...

     
    .... infinity.


    perhaps thats old news but i found it pretty shocking.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  7. #2047
    Diamond DRK Star's Avatar
    Reputation
    1282
    Join Date
    Mar 2012
    Posts
    8,401
    Load Metric
    65662504
    http://www.hindustantimes.com/world/...6r1ws50bP.html


    Bitcoin CEO spent embezzled funds on prostitutes: reports

  8. #2048
    100% Organic MumblesBadly's Avatar
    Reputation
    94
    Join Date
    Jun 2015
    Location
    In the many threads of this forum
    Posts
    9,408
    Load Metric
    65662504
    Quote Originally Posted by sonatine View Post
    its also generally accepted that it was either them or their shills who were propping up prices for ever through microtrading.

    point being, what they do/say is really irrelevant to any conversation about the organic value of btc.


    speaking of which, i just noticed something interesting.. i went to a contemporary mining calculator page and the estimated break even period for someone purchasing a mining rig right now is...

     
    .... infinity.


    perhaps thats old news but i found it pretty shocking.
    There have been times when gold prices fell so low that major mining companies ran losses in the short run because it less of a loss than shutting down all the mines altogether.
    _____________________________________________
    Quote Originally Posted by Dan Druff View Post
    I actually hope this [second impeachment] succeeds, because I want Trump put down politically like a sick, 14-year-old dog. ... I don't want him complicating the 2024 primary season. I just want him done.
    Quote Originally Posted by Dan Druff View Post
    Were Republicans cowardly or unethical not to go along with [convicting Trump in the second impeachment Senate trial]? No. The smart move was to reject it.

  9. #2049
    100% Organic MumblesBadly's Avatar
    Reputation
    94
    Join Date
    Jun 2015
    Location
    In the many threads of this forum
    Posts
    9,408
    Load Metric
    65662504
    Interesting
    _____________________________________________
    Quote Originally Posted by Dan Druff View Post
    I actually hope this [second impeachment] succeeds, because I want Trump put down politically like a sick, 14-year-old dog. ... I don't want him complicating the 2024 primary season. I just want him done.
    Quote Originally Posted by Dan Druff View Post
    Were Republicans cowardly or unethical not to go along with [convicting Trump in the second impeachment Senate trial]? No. The smart move was to reject it.

  10. #2050
    Gold Starbucks Spunk Bucket's Avatar
    Reputation
    118
    Join Date
    Oct 2013
    Location
    the end of the rainbow
    Posts
    1,283
    Load Metric
    65662504
    Well at least we know that when organisations or individuals are caught embezzling people's funds they are going to get prosecuted. Am I wrong?
    BALLIN'!!

  11. #2051
    100% Organic MumblesBadly's Avatar
    Reputation
    94
    Join Date
    Jun 2015
    Location
    In the many threads of this forum
    Posts
    9,408
    Load Metric
    65662504
    Quote Originally Posted by Starbucks Spunk Bucket View Post
    Well at least we know that when organisations or individuals are caught embezzling people's funds they are going to get prosecuted. Am I wrong?
    Mark Hurd was never prosecuted. He just "retired" in disgrace for awhile. And he's now co-CEO of Oracle.
    _____________________________________________
    Quote Originally Posted by Dan Druff View Post
    I actually hope this [second impeachment] succeeds, because I want Trump put down politically like a sick, 14-year-old dog. ... I don't want him complicating the 2024 primary season. I just want him done.
    Quote Originally Posted by Dan Druff View Post
    Were Republicans cowardly or unethical not to go along with [convicting Trump in the second impeachment Senate trial]? No. The smart move was to reject it.

  12. #2052
    Plutonium sonatine's Avatar
    Reputation
    7369
    Join Date
    Mar 2012
    Posts
    33,371
    Load Metric
    65662504
    So BTC are the highest they have been in a year+. Generally accepted theory is its being driven by Chinese seeking shelter from the yuan-storm.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  13. #2053
    Plutonium Sanlmar's Avatar
    Reputation
    4291
    Join Date
    Mar 2013
    Posts
    21,090
    Load Metric
    65662504
    Quote Originally Posted by sonatine View Post
    So BTC are the highest they have been in a year+. Generally accepted theory is its being driven by Chinese seeking shelter from the yuan-storm.
    Chinese may have lit the fire. However, you know better than most that this is a momo play. This is largely a thing to gamble on. Ask the Winkelvii. See that chart?

    Alpaca socks & dope. In before Mumbles tells me it has utility.


    Going parabolic.

    315 was resistance and now support.

    This is a logarithmic chart that I liked. You play with lines and scale until it suits your point. Right?

    Name:  image.jpg
Views: 849
Size:  185.7 KB
    Last edited by Sanlmar; 10-30-2015 at 06:01 PM.

  14. #2054
    Canadrunk limitles's Avatar
    Reputation
    1653
    Join Date
    Mar 2012
    Location
    In Todd's head
    Posts
    17,638
    Blog Entries
    1
    Load Metric
    65662504
    Quote Originally Posted by sonatine View Post
    So BTC are the highest they have been in a year+. Generally accepted theory is its being driven by Chinese seeking shelter from the yuan-storm.
    As they say, a million Chinese can't be .....

     
    Comments
      
      Sanlmar: Nobody loves a gamble more.
      
      DRK Star: Wong

  15. #2055
    Platinum FRANKRIZZO's Avatar
    Reputation
    482
    Join Date
    Sep 2014
    Posts
    3,393
    Load Metric
    65662504
    Bitcoin is like the indestructible cockroach. Survived all kinds of calamities and kept on trucking. Though bowed never defeated.

  16. #2056
    Diamond DRK Star's Avatar
    Reputation
    1282
    Join Date
    Mar 2012
    Posts
    8,401
    Load Metric
    65662504
    Its pretty much the safest means to conduct illegal activities, so, yeah, I would think they will be around awhile until someone figures out how to stop them, and with ass-backward countries heavily relying on them, Id say these are solid for now.


    To the Moon!!

     
    Comments
      
      MumblesBadly: Does this mean Bitcoin are now "officially donkup"?

  17. #2057
    Plutonium Sanlmar's Avatar
    Reputation
    4291
    Join Date
    Mar 2013
    Posts
    21,090
    Load Metric
    65662504
    Quote Originally Posted by DRK Star View Post
    Its pretty much the safest means to conduct illegal activities, so, yeah, I would think they will be around awhile until someone figures out how to stop them, and with ass-backward countries heavily relying on them, Id say these are solid for now.
    I keep forgetting that part.

    Bitcoin exchange MtGox CEO Mark Karpeles spent embezzled funds on prostitutes

    Name:  image.jpg
Views: 512
Size:  69.5 KB

  18. #2058
    100% Organic MumblesBadly's Avatar
    Reputation
    94
    Join Date
    Jun 2015
    Location
    In the many threads of this forum
    Posts
    9,408
    Load Metric
    65662504
    Quote Originally Posted by Sanlmar View Post
    Quote Originally Posted by DRK Star View Post
    Its pretty much the safest means to conduct illegal activities, so, yeah, I would think they will be around awhile until someone figures out how to stop them, and with ass-backward countries heavily relying on them, Id say these are solid for now.
    I keep forgetting that part.

    Bitcoin exchange MtGox CEO Mark Karpeles spent embezzled funds on prostitutes
    I wonder if the Yakuza have a contract out on him. Or whether they strong-armed him to embezzle funds for them.
    _____________________________________________
    Quote Originally Posted by Dan Druff View Post
    I actually hope this [second impeachment] succeeds, because I want Trump put down politically like a sick, 14-year-old dog. ... I don't want him complicating the 2024 primary season. I just want him done.
    Quote Originally Posted by Dan Druff View Post
    Were Republicans cowardly or unethical not to go along with [convicting Trump in the second impeachment Senate trial]? No. The smart move was to reject it.

  19. #2059
    Plutonium sonatine's Avatar
    Reputation
    7369
    Join Date
    Mar 2012
    Posts
    33,371
    Load Metric
    65662504
    The latter.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  20. #2060
    Plutonium sonatine's Avatar
    Reputation
    7369
    Join Date
    Mar 2012
    Posts
    33,371
    Load Metric
    65662504
    Hitting a weird plateau.. curious to see where this goes when China starts to sip its Monday morning coffee.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

Thread Information

Users Browsing this Thread

There are currently 5 users browsing this thread. (0 members and 5 guests)

Similar Threads

  1. Matt Marafiati has officially challenged SrslySirius to a rap battle
    By NaturalBornHustler in forum Flying Stupidity
    Replies: 47
    Last Post: 10-14-2020, 09:08 AM
  2. DD seemes to be officially DD
    By Hugh Chardon in forum Flying Stupidity
    Replies: 121
    Last Post: 08-13-2014, 03:07 PM
  3. ***My Officially Official Super Bowl Pick***
    By abrown83 in forum Flying Stupidity
    Replies: 4
    Last Post: 02-03-2013, 09:51 PM
  4. IP officially DD
    By Daredevil in forum Flying Stupidity
    Replies: 6
    Last Post: 11-23-2012, 04:24 PM
  5. I officially hate Dana White now
    By shortbuspoker in forum Flying Stupidity
    Replies: 36
    Last Post: 06-05-2012, 05:57 PM

Tags for this Thread