Bitcoin Forum

Shut up and wait 5 years.... If it is what we think it is, it will be.



I am trying to shake some of you off the branch in a few different ways.. This is an experiment thus far.  It should only take time and resources that you can afford to lose. If you have neither of this, get working on something that can and will impact you in a positive way, so perhaps when bitcoin is ripe, which it currently is not, you will be able to provide to the greater good of it, right now a lot of you are wasting (precious) time. Some people are way too dumb, while others will be way too smart, and one slip up and gone goes all your money. Even hackers themselves know they are vulnerable to a certain degree cold wallets*gun-to-the-head*quantum computing*EMP.

In the middle where most of everyone is, long term investments payoff in much larger returns than any short term one will which is why if bitcoin can be made damn near perfect it will grow in waves over the next decade. Yes 10 years. Untill atleast 5 years passes, per haps even 10, the bitcoin.... Blockchain technology, will prove itself to have been a good investment. If you haven't any more to contribute, either sell your coins, or shut up n hold.

It sucks, you are not directly benefiting from a messed up world, via financial, military, political, religiousness, and alien technology. However most of you are, until your not.

Hopefully the world does not turn into any more of a police state/marhsall law, anarchy etc. And if it does good luck to all of you, nature will settle this dispute in the end, and you will all find your respectful spot in all this. Till then, enjoy the present moment. Listen to some music. Smoke a bowl, if your not into that, dance, even if you have no where to do it except in your own living room, and even if you do not follow the instructions, whatever you do, do not read beauty magazine as they will only make you feel ugly.

-Laz Bur CtrlAltBernanke420

Thank you.






 

+111111
Just hold, wait 5 years and reap the massive ass benefits. 5 years, your choice.

Or not... whatever it is you do, wait. But if you should in no terms lay it all out on the line. At least this point in time.

When bitcoin was worth a few dollars, at that time it was definitely, considering the technology and the potential, the secret society it was, etc etc, if you had 5k that you would have otherwise went to the casino with, yes you should dumped it all in and some time including research etc etc as this can create a form wealth for yourself. We are now long past that with $1200 price bubble, mt gox<--->SR all behind us.

Now it is a serious project for the elite minds of the world to hone down. Unfortunately not all elite minds are computer programmers. This is where Blockchain Technology can potentially harness this mind energy. But beyond that, it is not by any means what it was 18 months ago, and it is not this point in time the 400billion+ market cap remittance service the Winvkellvoss Twins claim it could become.  We have seen since the bubble more downside than upside potential. This may change but for now, that is what the price is describing.

With Mt gox out, and more ?????professional players???, coinbase, bitstamp, bitpay, BTCchina, perhpaps even BTC-e among a handful of other centralized exchanges. The price could get near is old trading range of $100-150.. Should there be a moment with buy orders matching all the way to zero and giant seller comes in, they could in theory bring the price zero... If there is underlying value however, random other individuals will come in and if the market is open, free, and a pathway among to enter, the price will find buyers and rise. Back to nature.

If not, you all will be sitting on coins worth zero.

Considering, something in the middle of the road of what I described is likely to play out over time as history<-- long before bitcoin came around has taught us.


 

Good luck OP :]

I still check the price everyday, it's something I still need to shake, I will admit.

...but

This summer has been the best summer for me in years, ignore my bitcoin and go out and enjoy life. It's great. Ignoring the fud and all the other wank and having fun. I have lost 3 stone in the past 5 months, my cluster headaches seem none existent and I danced like a cunt in some night club for my birthday the weekend just passed.

This is a long term investment, and I am glad , 'cause one day in the future I'll be able to just relax and look back at these times and just laugh.

I made the mistake of saving for my wedding and honeymoon in btc. The mistake hasn't been the money I've lost, but the stress I'm putting myself through. This crash is just getting too close to the date, and she's going to kill me if we don't see some gains soon.

Our governments will fuck things up in less time than that, don't worry :P

BTC is definitely a long term investment. One thing you can be sure of, is that the government will continue to print and debase fiat currencies.

OMG, I'm married 7 years, my wife would NOT let me do something like that.  Maybe you really wear the pants in the relationship more than I do but that seems extreme - that if something goes wrong with BTC it could basically mess up your FAMILY'S success...that's the problem it's a little irresponsible of you since it's harming her too.

Yeah, I guess it's like putting a gambling website in your signature. Making people that never gambled before....gamble. ;) Haha, no but really, I had the sig once.

im holding until retirement which will be for me about 20 years

Haha, sticky this thread.
Even just the title is enough.
You could put it in the page header.

I do what I want!!!!!

I'll wait 5 years BUT I WILL NOT BE SILENCED!!!!

YOU will never silence me!!  ...  but I don't have anything to say... lol

5 years? why 5 five years? Bitcoin will probably take a lot longer than that to make it worth while to sell or even keep the main objective is to get it to become main stream isn't it and not just to get rich quick and cash out in fiat.

Maybe it should say:

"TUHS PU and wait 5 years" if people are into the HODL thing.  ;-)

i'm actually excited about this!, fiat vs bitcoin is the war that i want to see, i'm really curious about what attack they will choose

I just had to post here because the OP's username cracked me up  :D

A lot of you are arrogantly confident this thing is slam dunk. If the gov't fucks up, you are going to have a lot more to worry about than bitcoin and its price.

Ron paul made a short video new flash sort of thing a couple weeks ago talking about the price of gold and how it is up 300% in the past decade or so, even though its down 50% for the year. And we all know gold does

In manipulated markets like these, in the short run(mtgox), you will not have natural price findings. But in the long run, you will.

 At the core what I have learned is you aint got shit if you do not have fertile land, water supply, a way to protect it, or food. <--- this is at the core what bitcoin has taught me. That is your basic needs met. #finshaggy

Beyond that you can begin creating other forms of wealth. WEALTH takes on many forms, FYI. Have all the money in the world and zero close friends, you are no good. Or in Robbin Williams case, You can have all of that and it will still not be enough you do not have your mind figured out. Back to the wealth of the mind.

And if you have little to contribute mind wealth wise to bitcoin, own some, hold them, but go do what makes you happy. Go do some community service if you have the time, build the wealth of the community. Build relationships. IDK, just suggestions if any of you are un-happy.

I have devoted a lot time, money, etc to bitcoin, but when I study the macroeconomic picture as i have been for the bulk of my adult life, which is not much compared to older men.

Why are bit coiners 99.95% men? The list of reasons as to why I think some of you are soo hopefully arrogant and you think this thing is in the bag, you are wrong. I urge most of you to go find a job you love doing. In relative terms bitcoin is doing great and probably has never been doing better, but the effort required to climb mount everest will not compare to what is going to be required to make bitcoin work securely,

If the dollar fails, what is a bitcoin worth? Oh darn… didn't think of that…. Back to the, you will have much bigger issues to sort out than you bitcoin.

It was made when The Bernank was supposedly in charge of….. whatever he claims the Federal Reserve is…. The magical growth machine that was but isn't...

The Federal Reserve at this point is a liquidity machine. Which is important to the everyday functioning of the banking system that makes the world go around. It is a very broken, incredibly imperfect machine, that works and supports a very small but hard core group of very powerful extremist.... (i am going some where with this rant, but you will still be ready to be confused by the end wondering; "okay, so what exactly was his point")

If the trends of the past 1000 years continue, we should be a space faring specie in the next 50-200 years, and most of these giant crises we see ATM in the world will be dealt with accordingly.

Should ISIS in the Greater Syria decide to back bitcoin, will you agree to convert to Islam or have your head chopped off, and or be willing to convert and do the dirtywork of ISIS so you can have your bitcoin...

Bitcoin sure does allow us to do some CRAZY mental leaps and gymnastics. ;) :D ;D >:( :( :o 8) ??? ::) :P :-X :-\ :-* :'(

most people will sell at 1k or 2k so they will never see the price in 5 years  :D

Speaking in real terms. People did sell at 1200. Since then, its been down hill. Not sure what you are getting at.

Regardless of position they will be able see the price in 5 years regardless if they have a position.

Yes I think next years will be determinant for bitcoin future
I hope they are as good as previous years
trust in bitcoin keeps increasing day per day

I for now disagree. Blockchain technology is far more important than bitcoin and it price…

Used it, i secure it but I know at night while i sleep there ways possibly for people to gain access to my keys

You got awesome faith man.  So sad the story is playing out like this. 

Shut up and wait 5 years sounds a little off to me. For so many reasons  :-[

And if everyone holds onto their BTC, What makes you think the value of BTC will go up if no one is spending them at all? If theoretically, everyone held onto it, the value would stay the same or even decrease.

approximately how many dollars the price of 1 BTC five years from now?  ???

good idea, waiting for 5 years

$100K ~ 1M.

Most people won't wait for years, not even 3 for prices to rise. Crypto currencies can be risky with that high time period.

I would personally hold for 1 year or max 2 years.

I was about to sell everything and forget about bitcoins, but I'll follow your advice and I'll hold them for some years.

I am glad you have opinion there assohols lie you with a ferti infesteisml minleasingone has one,,,,,,,          ggggrj5==uuurgle my vomit…….

Why do mods tolerate this crap in "bitcoin discussion"?

too optimistic i guess, for 1M mining of bitcoin should end before we hit it

Here is a good quote from Satoshi:


Give bitcoin 5 years.  Either they will be worth the Moon or 0.  It is a binary investment. All or nothing.

What am I supposed to talk about in this topic?? 8) 8)

Jesus.
That's guaranteed to liven up any conversation.

We're a free and open forum.... ?  We keep fallin around lol.  (AND SO WE DAMN WELL SHOULD, we are the freaking promotors of freedom... banning people for something we don't like to hear is insane.. even if he is really just trollin)

haha you wish.
and sleep in the streets hoping it'll go to THA MOON?

5 years is a long time, we are not getting younger

99/1

on that


there is a small and weird scifi of bitcoin and massive fiat numbers working together, again  but then it is back to nature

If the present rate goes then Bitcoin will reach moon. Bitcoin will cross $2000/coin no doubt. But that's only theory, its hard to predict.

Nice post but you forgot about the sunscreen...


Putting this stuff on paper for my kids. They'll be more able to use it than I will in 5 years :)

The One Word Currency (Bitcoin) is designed to remove the Middle Class. Only the poor (people without Bitcoin who never invested) and the rich (people who stored up some Bitcoin) will be left. Be sure to buy and hold so you won't be left behind. My goal is to get 30 BTC. I have my strategies. What's yours?

This is ignorant. The rich will always be those who find ways to provide value to people. The poor will always be those who dont.

Yeah, sure, just like it's always been throughout history. The elite are and always have been the most VALUABLE members of society, right?

Certainly not the serfs toiling in the fields, growing food for everyone... certainly not the masons buildings the houses and castles... certainly not the soldiers fighting and dying to protect the kingdom / nation. Certainly not the scientists discovering everything that has made modern life possible..

http://3.bp.blogspot.com/-oFvt8CDdgbo/UEtwJpKEiEI/AAAAAAAAHX4/wICVnqzawyc/s1600/nye_the_job_creator.tiff

It's always been the wealthy elite upon which society has depended for survival.

 ::)

Bitcoin is a long term investment.It's totally luck if you wait 5 years and you will get benefits or nothing.It's totally up to you..

5 years? Either bitcoin will reach moon[$3000/coin] or it will fall to dirt [$1/coin]

Can't be predicted.

Bitcoin will rise to moon, atleast 5000 and above. Its so damn popular coin.

And its still rising+ gaining popularity.

why is it mostly falling lately??

Legit. And whoever sells will feel suicidal in 5 years :)

Hold all your BTC and wait 5 years, either you become a rich man or a poor beggar :D

Anything can happen ;)

I remember some guys posting about how they became millonaire out off being lucky enough to mine and buy BTC in the early days to get some weed from SilkRoad then they forgot about it and cashed out at like 400 (tons of BTC). Now they are retired smoking weed doint shit nothing.  Being rich just means being rich, what you do with said power isnt guaranteed to provide any relevant value to people.

Who knows what the future will be for bitcoins in 5 years, we can only make predictions without any value, but the probability to see higher prices than today is huge.

Why to worry about future? Just focus on today, maybe rates of next 1 year max..because 5 years are too high to be predicted.

How about you start help building the bitcoin economy instead of focusing on profits today.

Besides, there probably won't be another huge spike in price before the next halving.  That should occur in early 2016 or so.

Can I have my own island and call it Isle of Biches where biches come from all over there world to see me and my army of monkeys?

5 years is too much, 3 years might be enough for a really good value, many will cash out at 1k-10k anyway, only the strong one will stay until the end, and btw do we really need 1btc=1M? at 10k, many will be rich

I suspect people will be surprise how low bitcoin price will be after it is stable.

In order for bitcoin to become mainstream, it needs to flush out all the waiting to get rich crowd. And to do that, the price has to go a lot lower.

In 5 years bitcoin will crash to $1/coin because there are lot of competitiors now..and its bound to crash someday..

HAHAHAHAHAH

That is the funniest thing I've seen in a long time.

Please, tell me more about this 'competitors'

That actually sounds like it could be a real-life French island, pronounced "Beesh".

Keeping your BTC for 5 years may be a good thing yea!
But why don't try to earn more money trading every day

It's falling because of the recent panic or so O heard. Btc hit a 300$ price point and everyone was trying to sell their btc. It should be good now because it has stayed around $500 for a while. I don't believe it will hit $5000. $1000-$2000 sounds more believeable to me.

True that. I can't see someone buying in at $500 not selling at least half or so if it hits $1000 again (assuming they have a decent number of coins).

Screw that sensible post, I'm goin to moon.  Good luck with that 5 year plan


http://i219.photobucket.com/albums/cc60/jscores/Cartman/moon.gif

Day trading is just like playing dice.  You may be able to 'out guess' the market and make money but the road to riches is littered with tons of people who lost money day trading.

Why would anyone spend their bitcoin during periods of massive volatility. especially if the price is going way up, as this would indicate the world is buying into bitcoin, however it is going to require a few years of people buying hold, speculators causing giant spikes and crashes until the weak hands get washed out. before the price stabalizes and 3,4,5,6,7 billion people are using, Even then a leap from 3billion users to 7billion users is going to cause massive price volatility in which it is probably most wise to just sit tight until the price stabilizes to less than 1-5% daily gyrations

I think it's not safe to keep your money (only) in bitcoin... u should look broader, invest in blockchain technology, especially bitcoin 2.0 initiatives.

safe in what ? ... bitcoin is more stable than global financial branch, now.
keep an eye of the 3 banks that they fail in only this year ... (bank-run and account freezing or stealing).

and this, it's in eurozone !

the problem is not the value of bitcoin ... it's the storage of the coin.