Rocky Smolin
rockysmolin at bchacc.com
Wed Apr 10 23:57:14 CDT 2013
I'll buy feverish speculation but I'll bet a quarter there's going to be a manipulation scandal which will have a bad effect on the trust and credibility people require to hold and use bitcoins. And, like all currencies, the utility of the currency depends on the credibility of the system that supports it. R -----Original Message----- From: dba-tech-bounces at databaseadvisors.com [mailto:dba-tech-bounces at databaseadvisors.com] On Behalf Of Hans-Christian Andersen Sent: Wednesday, April 10, 2013 6:16 PM To: Discussion of Hardware and Software issues Subject: Re: [dba-Tech] Bitcoins I doubt it. It's human group psychology (herd mentality). If enough people are dumping something, suddenly fear and uncertainty sets in and everyone starts dumping it, even if there is no rational reason to. If everyone is expecting something to crash, then it becomes a self fulfilling prophecy. The opposite is true. I'm willing to bet that, if we saw a big group of people running frantically in one direction, most of us would look around for a moment and blink, and then join them even if you didn't see anything, because you would assume the others have knowledge of something that you do not. Which is why you need regulations and why those libertarian ideals of pure market capitalism and such are as naive as communism was. Humans are not rational beings. - Hans On 2013-04-10, at 5:32 PM, "Rocky Smolin" <rockysmolin at bchacc.com> wrote: > What would cause anything - stock, bond, currency, commodity, > collectible - anything, to go from 15 to 250 in three months. IME, > only two things - feverish speculation and manipulation. IME, nothing > fundamental would ever cause that. Given the nature of bitcoin - > unregulated, no real assets behind it really - I suspect a combination > of the two with the emphasis on manipulation. It smells of a 'pump and dump' scheme. > > > R > > > -----Original Message----- > From: dba-tech-bounces at databaseadvisors.com > [mailto:dba-tech-bounces at databaseadvisors.com] On Behalf Of > Hans-Christian Andersen > Sent: Wednesday, April 10, 2013 3:53 PM > To: Discussion of Hardware and Software issues > Subject: Re: [dba-Tech] Bitcoins > > http://www.businessinsider.com/bitcoin-plunges-2013-4 > > Lol > > - Hans > > > On 2013-04-10, at 1:45 PM, "Rocky Smolin" <rockysmolin at bchacc.com> wrote: > >> <= 30 days. I'd short it if I had the cojones for that sort of thing. >> >> R >> >> >> -----Original Message----- >> From: dba-tech-bounces at databaseadvisors.com >> [mailto:dba-tech-bounces at databaseadvisors.com] On Behalf Of Jim >> Lawrence >> Sent: Wednesday, April 10, 2013 11:05 AM >> To: 'Discussion of Hardware and Software issues' >> Subject: Re: [dba-Tech] Bitcoins >> >> My guess is "Bitcoin"... but this is hardly unusual. >> >> Any bets on the timing? >> >> Jim >> >> -----Original Message----- >> From: dba-tech-bounces at databaseadvisors.com >> [mailto:dba-tech-bounces at databaseadvisors.com] On Behalf Of Stuart >> McLachlan >> Sent: Tuesday, April 09, 2013 2:33 PM >> To: Discussion of Hardware and Software issues >> Subject: Re: [dba-Tech] Bitcoins >> >> Who can spell "bubble"? >> >> >> >> On 9 Apr 2013 at 9:48, Jim Lawrence wrote: >> >>> To All: >>> >>> It appears that as other currencies falter or as the market has been >>> fluctuating. The flight to another stable or at least currency >>> outside the existing banking cartelle has been increasing. Bitcoin >>> value has been bounding up. >>> >>> Last week the Bitcoin currency has hit a new height of around $180 a >>> coin, up from $72 last week which is up from $26 a little over a >>> month >> ago. >>> >>> The theory behind the coin is that it reflects the true value of >>> world currency but I feel it is now opening up to the asperations of >>> speculators...not a good a thing at the best of times...but some >>> aquaintances, at least on paper, have made a substantual profit. In >> reality, >>> its true value can only be accessed when purchasing products and >>> that has not been truly tested. >>> >>> Jim >>> >>> -----Original Message----- >>> From: dba-tech-bounces at databaseadvisors.com >>> [mailto:dba-tech-bounces at databaseadvisors.com] On Behalf Of Tina >>> Norris Fields >>> Sent: Tuesday, April 09, 2013 5:18 AM >>> To: Discussion of Hardware and Software issues >>> Subject: Re: [dba-Tech] Bitcoins >>> >>> Thanks, Jon. I wasn't talking about Bitcoins, but I was listening in. >>> I'm interested in the phenomenon and fascinated by watching it. >>> T >>> >>> Tina Norris Fields >>> tinanfields-at-torchlake-dot-com >>> 231-322-2787 >>> >>> On 4/8/2013 5:42 PM, Jon Tydda wrote: >>>> Hi all >>>> >>>> >>>> >>>> I can't remember who was talking about Bitcoins recently, but I >>>> thought you'd be interested in this: >>>> >>>> >>>> >>>> http://www.bbc.co.uk/news/technology-22064534# >>>> >>>> >>>> >>>> >>>> >>>> >>>> >>>> Jon >>>> >>>> _______________________________________________ >>>> dba-Tech mailing list >>>> dba-Tech at databaseadvisors.com >>>> http://databaseadvisors.com/mailman/listinfo/dba-tech >>>> Website: http://www.databaseadvisors.com >>>> >>> >>> _______________________________________________ >>> dba-Tech mailing list >>> dba-Tech at databaseadvisors.com >>> http://databaseadvisors.com/mailman/listinfo/dba-tech >>> Website: http://www.databaseadvisors.com >>> >>> _______________________________________________ >>> dba-Tech mailing list >>> dba-Tech at databaseadvisors.com >>> http://databaseadvisors.com/mailman/listinfo/dba-tech >>> Website: http://www.databaseadvisors.com >>> >> >> >> _______________________________________________ >> dba-Tech mailing list >> dba-Tech at databaseadvisors.com >> http://databaseadvisors.com/mailman/listinfo/dba-tech >> Website: http://www.databaseadvisors.com >> >> _______________________________________________ >> dba-Tech mailing list >> dba-Tech at databaseadvisors.com >> http://databaseadvisors.com/mailman/listinfo/dba-tech >> Website: http://www.databaseadvisors.com >> >> _______________________________________________ >> dba-Tech mailing list >> dba-Tech at databaseadvisors.com >> http://databaseadvisors.com/mailman/listinfo/dba-tech >> Website: http://www.databaseadvisors.com > _______________________________________________ > dba-Tech mailing list > dba-Tech at databaseadvisors.com > http://databaseadvisors.com/mailman/listinfo/dba-tech > Website: http://www.databaseadvisors.com > > _______________________________________________ > dba-Tech mailing list > dba-Tech at databaseadvisors.com > http://databaseadvisors.com/mailman/listinfo/dba-tech > Website: http://www.databaseadvisors.com _______________________________________________ dba-Tech mailing list dba-Tech at databaseadvisors.com http://databaseadvisors.com/mailman/listinfo/dba-tech Website: http://www.databaseadvisors.com