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$35 will be broken in the 3rd crash wave from here, time frame is 2-6 months.
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lol @ ripple
Bitcoin has some serious problems that have to be addressed... But ripple... Seriously? It's not even a comparison nor competitor... If you followed the development in ripple since the start you can see how it turned from a great idea like bitcoin into some messed up rigged banking scheme.
Rather narrow minded summary you're giving there, and wrong as well. Since when did Ripple become a 'scheme'? I love the ignorance of a lot of people on these boards, especially regarding Bitcoin alternatives. Everything will be used to frame a credible alternative as a scam/scheme or something other negative something. I do agree that both do not compete, and Bitcoin could remain to exist in the Ripple infrastructure, as Ripple is simply much more than simply XRP. XRP is actually just a side thing in the greater spectrum. If by messed up you mean going into the direction of KYC practices, then I say they did a good job over there at RL. Simply because governments will never - ever - allow the existence of an untraceable currency that can be used to launder money, buy drugs or evade taxes. Ripple is actually walking the correct path so far. The sheer fact that you would consider ripple a "credible alternative" is completely beyond me... I don't know if you're aware of the full history of the thing though, but whatever credibility it had, is long lost... It doesn't mean there's no place for it in the world, I'm sure there is, just not in my open and free world. I'll pass on this one. |
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lol @ ripple
Bitcoin has some serious problems that have to be addressed... But ripple... Seriously? It's not even a comparison nor competitor... If you followed the development in ripple since the start you can see how it turned from a great idea like bitcoin into some messed up rigged banking scheme.
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Well yes, it's most certainly manipulation. That's been discussed at length in the past.
The problems however run much deeper than manipulation.
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i THINK 275 DOLLAR; tHINK POSITIVE;
I hope you're right  |
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If miners would stop dumping Bitcoin for fiat then inflation wouldn't be a big deal. The problem is Bitcoin mining has become for the large part a tool to make more US dollars which does nothing to give value to the currency itself or show any confidence in the system. It doesn't help every whale is pumping and dumping on each other just to make more fiat money too. Just who in the hell does have faith in this system anymore except the lowly guys like us with a few Bitcoins and a few venture capitalists with spare gambling money?
Well the concept is nice, as with so many things, it just gets ugly when people get involved and greedy and intolerant and hateful and well a lot more of that stuff... |
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So? Whats your point here?
Aside from showing that bitcoin can facilitate terrorism funding (and according to that coindesk article, already is), that some people here think that terrorist jumping on board is good news that will help bitcoin go to the moon and that arguing that an association with terrorism is enough to bring draconian regulations to bitcoin and potentially kill it, none. I don't think it's positive for the image of bitcoin, then again, people generally don't seem to care that the large majority of terrorism is funded in USD... It will be used as an argument against bitcoin but it's not all that strong. Bitcoin currently has much bigger problems that prevent its growth. I don't think you want to restrict certain groups from using it either, that would break some very fundamental ideas on which bitcoin was created. There are much more efficient ways to deal with criminals of any kind. |
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My prediction for price is 260.99$$$$ lets ssee
Any specific reason you're bullish? Both technical indicators and market psychology indicate a rapid decline... Add to that the massive amounts of stolen btc still to be dumped.. |
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I guess there's a good thing to the price decline now...
IS is now up to 80% less funded and able to cause terror.
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$160
Just saying... Better act upon it than lose money..
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So? Whats your point here? We should ban bitcoin?
I'm pretty sure they will exchange into fiat before doing something nasty with the money.
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A1 - Who knows, the economy right now is very speculative.
A2 - Any moves in the market from whales can create massive swings either up or down. The only thing that can prevent this is if the ratio speculators/users changes in the favor of actual users in great numbers. The moves by the whales will be absorbed by a market much more easily if it's a big one.
A3 - There are many guides online on how to read these charts and indicators. It's important to realize these are either purely mechanical, statistical or psychological. Whatever indicators you use, it is still speculation and there is a risk it will go in the other way you expected it to go based on your analysis. (Don't speculate with money you can't afford to lose)
If you just like bitcoin for it's function as a currency, use it as such, get bitcoin when you plan to use it relatively quickly, and don't hold onto it as speculative asset.
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Not buying a single bitcoin until price hits $20-30 dollar. For the current transactions, a 300M market cap should be sufficient, so the price needs to fall by another 10x ...
I don't think it will go that low this current ongoing crash, we'll probably bounce around 120-130, back to around 180-200, then decline again to 60-80 before returning upwards a little again... You could wait for a 3rd crash that goes lower but that could take a while. These are the indicators for the upcoming period, they were there before the coinbase trickery, and they are still valid now. There's still a risk of complete collapse of course, so the safe bet would be to invest in proper smart and fair digital currency like ripple or things like that. |
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@unsoindovo
mostly scaling issues..
- max of 7tps due to block size limitation, increasing the blocksize has some negative effects too and just moves the problem to the future, removing it adds more problems.
- ever exponentially growing blockchain size, other coins have developed a solution to this issue, regardless of cheap bandwith and storage, it's highly inefficient to store a full history of decades or centuries and increases centralization (and i like the initial decentralized aspect of bitcoin a lot..)
- 10 minute confirmation time, i don't think i have to say anything about this, quite a problem in real life transactions where you're not interacting with the other party for half an hour...
- not anonymous, fully traceable and possible to make very good correlations.
- no multi-sig implementation that's usable for the average Joe.
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Not necessarily...a much greater proportion of people can afford to buy in the lower the price gets. The wealthy can buy that many more. Once the price makes enough of a sharp rise people panic buy and then it just takes off.
Not to mention the block halving in 2016 will cut the number of new bitcoins produced per day in half...
It's just as easy and affordable to buy btc at $5000/btc as it is at $5/btc, you just get more or less btc depending.. |
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wow congratulations!!!  I read a lot of optimism in this thread!!! why you are so pessimistic!!! we know all the bitcoin volatility... and we like bitcoin for this!!! so i think volatility will be always welcome!!!  just take the right position!!!! I'm pessimistic because the fundamentals are screwed, things that should have been fixed years ago are still being dragged along and devs are either unresponsive or come with 'oh, we'll deal with that when it becomes an issue.'. But, i have to admit you can build a fully working economy on something totally messed up, central banks are doing just that world wide... So who knows, but i don't think there's much hope left for bitcoin unless there's a hard fork which will be a disaster at this point, i doubt there will ever be consensus. |
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Re-read my post. I said buy pressure when and if we get closer to those prices...not at the current moment. How can you know there won't be more buying if we reach extremely low prices?
Because the economy is dying, the few bulls left just got killed by the winkelvii and coinbase... Sure, bears can become bulls, but it requires working fundamentals, which are completely lacking here.. |
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Buy pressure? LOL, look at the order books, the only thing happening with buy pressure is it's reducing by the minute.
With current economy you pretty much have a guarantee we'll see $100 rather sooner than later.
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I, personally, think it will go to $1000 again, and most likely also above that even. But it may take some time. I really believe we may look back at this point as a good buying opportunity just like July 2013!
Seriously, what makes you think that? There's basically no news that can save the price now, ETF won't do anything, ATM's won't do anything, merchant acceptance may grow but only pushes the price down... More exchanges won't make a difference... Add to that the fundamentals are messed up beyond repair... How is that going to go up in value... please explain... |
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