The purpose of Bitcoin is to upset or turn banking upside down.
A disruptive technology.
The nature of it is decided by it's users.
A neutral entity that does not believe in right or wrong in order to evade the effects of karma.
It could free the world or enslave the world because it does not care.
It only desires that the mere idea infests as many hosts as it possibly can.
Then and only then can it be idolized so that it may rule over all.
Any other questions?
Currency comes in the form of $. The update of it to appear as a BTC makes no difference. Wealth and power remain in charge of the illusion that you allowed into your house. The main purpose of bitcoins was not to abolish fiat, but to show the world that digital money is possible to rise. Bitcoin is a cryptocurrency and a payment system. The system is peer-to-peer and transactions take place between users directly, without an intermediary. I beleive Bitcoins are created as a reward in a competition in which users offer their computing power to verify and record bitcoin transactions into the blockchain. Have you seen the fiat currencies of the world? They are mostly all digital. They rise and fall every day just like Bitcoin and its derivatives. They have value because people said they do. They are not trying to attract liquidity so they can cash out. They are in for the long haul. |
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Nobel prize is tainted by war criminals winning the Peace prize, etc.
Invoke the Satoshi prize for innovation IMO
Given the rate at which HFT bots steal investors hard earned money I would say it fits Bitcoin perfectly. But yeah innovation.....  |
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And you didn't even think twice about it did you? I hope that Knight you have there is capable of slaying dragons. After all it's just you against all of them....  |
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In my opinion regulation of bitcoin will bring trust to it.
Following directly in the footsteps of our predecessors. Why reinvent the wheel right? The path of least resistance is the path to history repeating itself. What could be disruptive technology ends up becoming the technology it aimed to replace. Banking for the people governed by the same group governing us now? So easy to slip back into slumber. Would you like a teddy bear and a warm glass of milk before you go off to sleep? Maybe a fiat bonus is all you desire. As always they will tell you that you can't trust your fellow man. They will tell you that you are too ignorant and that you need them. Training wheels for the inept fiat sucklers of our time. |
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The purpose of Bitcoin is to upset or turn banking upside down.
A disruptive technology.
The nature of it is decided by it's users.
A neutral entity that does not believe in right or wrong in order to evade the effects of karma.
It could free the world or enslave the world because it does not care.
It only desires that the mere idea infests as many hosts as it possibly can.
Then and only then can it be idolized so that it may rule over all.
Any other questions?
Currency comes in the form of $. The update of it to appear as a BTC makes no difference. Wealth and power remain in charge of the illusion that you allowed into your house. |
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The purpose of Bitcoin is to upset or turn banking upside down.
A disruptive technology.
The nature of it is decided by it's users.
A neutral entity that does not believe in right or wrong in order to evade the effects of karma.
It could free the world or enslave the world because it does not care.
It only desires that the mere idea infests as many hosts as it possibly can.
Then and only then can it be idolized so that it may rule over all.
Any other questions?
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A double edged sword. In the end will Bitcoin followers shun over regulators and those who ban it's use? I won't get all biblical because you know where I am going here. https://bitcoin.org/en/faqCan Bitcoin be regulated?
The Bitcoin protocol itself cannot be modified without the cooperation of nearly all its users, who choose what software they use. Attempting to assign special rights to a local authority in the rules of the global Bitcoin network is not a practical possibility. Any rich organization could choose to invest in mining hardware to control half of the computing power of the network and become able to block or reverse recent transactions. However, there is no guarantee that they could retain this power since this requires to invest as much than all other miners in the world.
It is however possible to regulate the use of Bitcoin in a similar way to any other instrument. Just like the dollar, Bitcoin can be used for a wide variety of purposes, some of which can be considered legitimate or not as per each jurisdiction's laws. In this regard, Bitcoin is no different than any other tool or resource and can be subjected to different regulations in each country. Bitcoin use could also be made difficult by restrictive regulations, in which case it is hard to determine what percentage of users would keep using the technology. A government that chooses to ban Bitcoin would prevent domestic businesses and markets from developing, shifting innovation to other countries. The challenge for regulators, as always, is to develop efficient solutions while not impairing the growth of new emerging markets and businesses.
So who will keep using the technology afterwards? The ones that say regulation is a good thing because it increases exposure as if Bitcoin is something with tentacles? The technology has the potential to enlighten all. Shall we support ignorance or play the middle and say "let the chips fall where they may?". As long as we praise price increases we amount to nothing but vampires that do not barge in rather we ask if we can be invited in. |
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Let's say something happens in 2017 and Bitcoin's price per bitcoin reach $100 000 per bitcoin, what would you do first? I know most people would sell at that price, but who would do the buying?
If the price reaches 100k, it's because someone is already doing the buying. I can't see any point in asking who or why. So many people are going to be on the Bitcoin train once this thing hits critical mass. The population of the world is the limit. So many buyers that won't even want you to ask them questions. |
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Better hope you have liquidity and reserves saved up for paying the tax man.
Also, why say only 100,000.
It is going to go much much higher through the stratosphere.
Last I heard it was going to Andromeda.
Buckle up and hodl on for dear life as Bitcoin enters warp drive.
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News opportunist? I don't get why you're trying to make me look like I posted fake news, you idiot. I just posted a screenshot from my mobile. PERIOD.
A news opportunist will take an event that is not relative to the topic they are applying it to. The interest in India has peaked and already subsided for the time being. The search for liquidation via bait is most obvious. You don't need to use India banning low denomination notes as an excuse. BTW you never addressed my screen shot which showed how the interest is in decline. What filters did you use to do the search? You are the only one that doesn't see/want to see any correlation between the two things, when it's so clear. As for the screenshot, I'm not sure about the filters you used, but I didn't use any, just country and search term. If you want to check it exactly the way I did, try to redo it on your mobile. Thanks for answering the filter question. As for CNBC.... http://www.cnbc.com/2016/05/02/will-terror-attacks-end-bitcoin-free-for-all-in-europe.htmlISIS and the Dark Web
This follows reports the so-called Islamic State — which claimed responsibility for the attacks on March in Brussels and November in Paris — was receiving funding via the so-called Dark Web. This is the encrypted, hard-to-reach part of the internet where bitcoin or other digital-only currencies are the preferred payment methods.
So can we expect terrorism to escalate in India now? |
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Forex = trade fiat currency
Bitcoin = trade alt coins
They are one in the same.
Seek the one with the best liquidation opportunities.
Let your greed guide you.
It is one thing to manipulate alt coins in this small community forex like sandbox but another when trading with the more experienced.
Bitcoin is like a knockoff forex simulation.
All things very similar except the people.
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News opportunist? I don't get why you're trying to make me look like I posted fake news, you idiot. I just posted a screenshot from my mobile. PERIOD.
A news opportunist will take an event that is not relative to the topic they are applying it to. The interest in India has peaked and already subsided for the time being. The search for liquidation via bait is most obvious. You don't need to use India banning low denomination notes as an excuse. BTW you never addressed my screen shot which showed how the interest is in decline. What filters did you use to do the search? |
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Your thread should read:
Interest in Bitcoin just peaked in India.
Interest can only go down from here.
It's actually the opposite. It means people have realized the situation is serious and started looking for alternatives to their potentially worthless fiat money and one is Bitcoin. Show me on a Google Trend chart on any topic where the trend stayed at or exceeded 100 over an extend period of time. Also, to the OP, what Google trends filters are you using? I get this: https://i.imgur.com/MDbnZW9.jpgHere on forum we can get a lot of images like this http://img.memecdn.com/its-media_o_721609.jpgHowever the global search for bitcoin still normal, I don't believe that today pump was caused by India. It appears that some people in Bitcoin are nothing more than "news opportunists". More and more the Bitcoin economy resembles wall st. Clearly most of the volume from the price increase is coming from China. And with the ability of bots to pull bids at will it's obvious that we have some manipulation here. The funny thing is that most of the people affected by India's currency ban is the middle class and poor according to what I have read. So you mean to tell me that the poor class of India are also Bitcoin speculators when most of them don't even have bank accounts? The claim that Bitcoin has gone up because of India is ridiculous at best. It is manipulation 101. |
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Your thread should read:
Interest in Bitcoin just peaked in India.
Interest can only go down from here.
It's actually the opposite. It means people have realized the situation is serious and started looking for alternatives to their potentially worthless fiat money and one is Bitcoin. Show me on a Google Trend chart on any topic where the trend stayed at or exceeded 100 over an extend period of time. Also, to the OP, what Google trends filters are you using? I get this:  |
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Taking a look at that image reminds me of something: https://s-media-cache-ak0.pinimg.com/originals/7f/22/ff/7f22fff4cd4f9965714f1f63b3fc8616.jpg\Your thread should read: Interest in Bitcoin just peaked in India. Interest can only go down from here. Chances are the ones that were interested in it first already bought when Bitcoin was lower in price when the interest started rising. It is interesting to note that India's interest and Bitcoin's price rose in tandem. I would be cautious with Bitcoin especially with a weaker Yuan and stronger Dollar. Ignore this post, this guy is a shill, just look at his post history. Make your own decisions when to buy and when not to buy. Anyone with a bit of logical thinking can see that increased interest in India will drive up the price. The Trump presidency bumped the price, and now the banning of the higher currencies are also bumping it too... So what is wrong with buying at a early stage, before more demand push it even further... It's pure logic. That is all you got? Trump presidency also crushed bonds and made the Dollar surge and Yuan weaken. Long term you may have a point but don't ignore the short term just because I don't tow your party line. When making choices it is wise to look at as many factors that your eyes will let you see. The surge in Bitcoin interest in India has reached 100. That is the limit. I guess you know the exact lag between interest and prices? What if there wasn't any major lag between interest and when Indians did or did not buy Bitcoin? All I know is that physics dictates that when something sways one way and hits an extreme that it will go back in the opposite direction. Therefore, interest has peaked in India and will go down from here. Calling me a shill won't change that. |
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Wow, can't believe that the last week's forbidden can strongly affect bitcoin like that. Is that the reason why Bitcoin have just hit $730 today ? Yesterday, the price was only about $695 but know it have increased more than 5% for only a few hours
Always watch out for price increases based on low volume. It could be a trap in order to attract liquidity. And when I say low volume I mean in comparison to other times price increased. |
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Taking a look at that image reminds me of something:  Your thread should read: Interest in Bitcoin just peaked in India. Interest can only go down from here. Chances are the ones that were interested in it first already bought when Bitcoin was lower in price when the interest started rising. It is interesting to note that India's interest and Bitcoin's price rose in tandem. I would be cautious with Bitcoin especially with a weaker Yuan and stronger Dollar. |
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This may or may not be good for Bitcoin. With the attempts to become the new financial arm of the world there may be a problem on the doorstep. The United States Dollar is surging in value. http://www.zerohedge.com/news/2016-11-16/us-dollar-index-spikes-13-year-highsWith offshore yuan collapsing near 6.90 - record lows - the USD Index has surged this morning, breaking above Dec 2015's 100.51 level to trade at its highest since April 2003...
USD Index is up 8 days straight - the biggest surge since May 2015
 More worrisome is what does a weak Yuan look like for Bitcoin? If the Yuan is worth less the buying power for the Chinese to get into BItcoin might be effected. |
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The US dollar will be stronger.
This could be bad for Bitcoin.
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