Serious question:

What's the "fair price" of one bitcoin? and how do you arrive to that conclusion?

Still 1/4 of the USD worth of longs...

Is it not worrying to you that one of the reasons we should pump is just a temporary short squeeze (that might not even happen at all)?
Is that the reason people should buy bitcoin at this price after having seen this crash? Because of a short squeeze?

You still don't get it?  The purpose of a currency is not to be an investment. 

If someone has to make some payment for which XCoin would be the best choice, he should buy as much XCoin as he needs and spend it.  If some merchant thinks that accepting XCoin would give him 1% more profit, he can accumulate the XCoins that he gets for a couple of weeks (a 2% per year loss will not be significant) and then either sell them, or use them to pay other XCoin-accepting entities.  If someone earns a substantial amount of XCoin that he does not intend to spend in a couple of months, he should use it to buy some more profitable investment.  That is how a currency is supposed to be used.

Stolfi has his own agenda... he is NOT going to answer any of your questions, unless he can put a proper spin on the topic and to adequately deflect.  To the extent that there are material undermining of his position, he frequently ignores responding to the substance of those kinds of posts.

Economists now are still in the Alchemist stage. Its mostly just pseudo-science.

Gold and silver coins kept the price for a pint steady as a rock for hundreds of years.

"Bitcoins, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the miners which produce them." -David Bitcardo

Nice to see someone expressing their common humanity and decency. Little moments with dear loved ones like you just described are all important for remembering the really important things in life. Thanks for sharing.

[...]
In this case C is about $220, so the log-scale plot may straighten out only if and when the price hits $500 or so.

Feels like something big is coming soon, and down doesn't seem likely  

bitcoin bear-trolling ... go away already.

Real biologists do not use the term "race" because the concept is bullshit.

I used the word "race" because that is what's known to describe this concept in colloquial speech.

And this? https://i.imgur.com/CWQkRzh.jpg

So what are you suggesting? You don't want to prevent future events like that?

You don't care at all that we are inviting in people who want to kill us, and actually do it, do you?

So again, what are you suggesting? What should be done? Something practical this time, if you please.

Nope. Who is at fault are those who decided to pick up weapons and strap on suicide vests. The question is how to best mitigate those. I don't really see that "race" factors into it though.

Contrary to what fat pride and other whacko groups try to claim, "beauty" is not even close to entirely subjective.  Symmetry and attributes that define health are obvious objective standards of looks, probably plenty more exist.  I hate to break it to you, but the world in general will unanimously agree which child received the supermodel genes and which didn't.

Since the Caucasian genes are recessive, this is how it turns out nearly every single time in these kinds of offspring, the child looks nothing like the white parent.  From a strict biological and natural selection point of view, the purpose of reproduction is solely to spread your genes into the future.  In the scenario above, what she has done is basically pass on her genes as non-influential junk DNA, while the African genes determined almost the entire outcome of the child where it doesn't resemble one of the parents at all.

Of course there will be tons of Marxists coming along to claim that mentioning African genes are dominant and Caucasian and Asian genes are recessive is "da raycism", because it doesn't take a genius to figure out that whatever genes compromise the recessive groups would basically be made extinct by full integration between all groups.  This infuriates the common Marxist because it blows the lid off their fake narrative where those groups of people tend to constantly push for things like conservation of variety in animal species, yet they would be pushing for the exact opposite in this case, the extinction of the recessive groups on purpose.

It is unlikely in any case. I'm especially wary of unchecked immigration. Now, don't get me wrong, I'm an immigrant myself and have counted amongst my friends people from many races, cultures and religions and celebrate many of the things that exist in my life because of it. Assimilation is key though and France especially has allowed enclaves to develop where ideals that run counter to the ethos of western secularism have been allowed to build. Any realistic level of vigilance less than panopticon-levels will have trouble with that.

Humans are not logical creatures with feelings. We are emotional animals with the ability to rationalize. Forget your fantasies and focus on reality. Racism is a core part of what makes humans human, and those who lack it will be replaced by those who do.

From a group-competitive perspective, it makes perfect sense. One of theirs for a dozen or more of ours is a good deal, evolutionary speaking.

Harry Potter fans are no threat to anyone. Ethnic groups, however...

The world has limited resources, whatever the masses want to believe. Humans have always competed, group to group, and that won't change. It's hardcoded on a genetic level. The only thing that changes is the precise form it takes. And this is the root of racism. Without racism it would not be possible to kill another people, but it would still be very possible to be killed. And so racism is a trait of evolutionary winners. And the immigrants are very, very racist. If we don't fight back, we will die out.

Yes, I am sure that pretty good solutions that problem were known and used for many years before bitcoin.  Those solutions may not be universally used for many reasons -- including inertia and risk avoidance.  

Or safety.  Delays of hours or days in interbank transfers are an important safety feature, and maybe exist for that reason alone.   When instantaneous transfers are possible, bank hackers and money launderers often take advantage of them, by passing the stolen money through several banks in quick succession, to delay the investigators.  Kidnapping and armed robberies also becomes easier and safer, since the ransom can be paid from the victim's bank account and cashed out before the police becomes aware of the crime.

as the hours pass the following hours become increasingly critical

Yea, let's all convert our Bitcoin into Jewish paper confetti and watch as it goes to 0 value as they print an infinite amount more, great idea.  You Zionist spammers from the JIDF that have already created over 5000 pro-central banking spam accounts need better propaganda.

serious question for anyone here, what happens if the fed raises interest rates?

Welp, called that one perfectly:

Was it China? It looks to me like the heavy volume during the dump was on the USD exchanges (well, stamp and finex) - on the CNY exchanges volume didn't seem to change during the dump.

It's probably just Christmas. I've been waiting for the price to climb as high as it can before about the 20th so I can sell and use any realized profit for presents. I expect small batches of sell offs between now and the 24th on USD exchanges will continue to happen as people find things they want to give as gifts.

we should head back down to 395 fast and start another slowly climb immediately

There is not enough time to actually send the coins from one exchange to the other, not to mention fiat.  So arbitragers must keep fiat and BTC balances in both exchanges.  

Suppose that you have 10 BTC and 5000 USD in each of the exchanges X and Y. Suppose that the price has been rock solid at 500, with plenty of liquidity and tiny spread, in both exchanges.  Your total worth is 20 BTC and 10000 USD.

Price drops in exchange X, and you see an ask of 1 BTC at 490 there.  You buy 1 BTC at X for 490 and sell 1 BTC at Y for 500.  Suppose that it raises the price at X back to 500 BTC.

You now have 11 BTC and 4510 USD at X,  9 BTC and 5500 USD at Y.  Your total worth is now 20 BTC and 10010 USD -- you made a 10 USD profit.

I remember you crying about about your short position 6-7 hours before the crash. I remember how you where thinking to close your short. I remember how you where desperately asking for advice. I remember how you got arrogant when it crashed and how you where right. You have had this additud ever since.
I must say I liked you more when you where loosing. At least you where humble then.

Not necessarily.

After the pump failed, I think it's time to test support (it may take several days of slow downslide). Planning to buy back around 400$.

The Rapture?

someone dumps 300 coins and it's "RIP bulls"? really?

I can't post pictures because I'm a newbie.

But look at the EUR-USD Chart, doesn't it look exactly like the BTC/USD chart ? (same curve kinda ...)
EUR dipped than returned in an instant ...

Will be a nice rollercoaster tru the night ...

Bitcoin is in stall mode?

TERA makes piles of money trading ponzi schemes

If you are good enough, you could do it with a thousand bucks. If you suck, you could turn a million bucks into twenty grand in a year.

The average trader loses money. It's close to the Parato ratio 80:20 losers:winners. Not that many of the losers will admit that.

holding fiat has burned me zero times

If people don't want the crap that's being made, it is self-evident that their needs are being met. If people's needs are being met, there is no problem.

The market clears information asymmetries and externalities.

I think I am way more smarter than you.

And I am not saying what you think I am saying.

Externalities and informational asymmetry only exist regarding an abstract world of market perfection. They are the by-product of an abstract and irrealistic theory. The real market (as opposed to the perfect one, which is a misguided mental construction) handle those two "problems" better than any other mechanism.

There is no evidence per se.

You just need to understand that nobody has the same information, it's a fact of life and whatever amount of centralisation you introduce in the production system will not change this fact. The best way to handle this is to allow information to circulate freely across the economy and the best way do to that is to let the price system convey them (it doesn't mean every body will have the same information, but it means it's the best way to distribute information). You can read the seminal paper The Use Of Knowledge in Society, written by Hayek if you want a more formal explanation.

Regarding externalities, you can read The Theory of the Firm, written by Coase. This paper explains that the more property rights are enforced the more tend to diminish the so called externalities (ie. externalities are no the consequence of the functionning of a market, but the consequences of a lack of thereof).

Nowadays in most countries the service sector make up more than the half of the GDP, so you mean that more than half  of the world production is not real "production".

It's best to talk about economics by using the meaning of words which pertains to this discipline.

why is everybody ignoring the $10 pump trap? almost no resistance.

So this is all because of Mike?

Its not about big or small blocks its about being a fucking dramaqueen!

https://bitcoinclassic.consider.it/  seems like a typical alt coin page

nothing will happen it will go hit 400 and back down to 385 and then kinda flat line at 395

lol you really think Courts aren't going to accept blockchain tech?

LOL

am so glad I distrust anything from an account that was bought.

What's the matter, couldn't find anything else to do with your life?

its a bought account from mid last year

Yesterday I warned about the possible crash, but Adam was still seeing triple bottoms...

the easter bunny's bull trap.