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the retrace is going to be epic, but 1k ~2k is the new, 1$, 100$ etc.
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I wrote a piece some time ago that Magical Tux chimed into.
I posited that ultimately China and BTC are a natural fit, as it provides an unofficial way for China to unwind its USA dollarisation, surplus / debt issue, in a manner that is very hard for the US to take action in any fora about.
Even just in concert with China's "basket" of currencies peg, BTC makes sense as part of that.
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With the price hike
what demand and popularity of bitcoin goes rapidly.
what Only popularity of bitcoin creates demand. So, if the price goes up we can see more demand due to famous bitcoin.
I guess...? With this scenario I expect $500 in November 2015 itself.
Your reasoning is heavily flawed in this argument. We aren't going to see $500 next month due to some random barely explained spike in Bitcoin popularity, and any proof for that must be invalid as we would already be seeing prices that high if the proof was valid. welll.....no....$450 |
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i love the fact this graph has been destroyed by the btc graph |
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we are in a bubble/revaluation
There will be a retracement..but when?, however consider the largest up was from a few cents to above a dollar.
I feel that 1000$ will be the new $1 and so on to $10K then $100K etc ever a 10 ~ 5 year horizon
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Doesnt that lead to hyper inflation eventually though?
we are already in hyper inflation, notice cost of living going up alot, exponentially. But to answer you point, no, you just settle you debts with debtors, here you go here is 10000000 Trilion. Thats' a FIat currency for you, the gov says its that amount by FIat, and the advantage to the US to being the reserve currency, it can print its way out of anything. |
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The shear amount of money out there is staggering.
So i see a $1M btc as quite doable.
for instance Most people don't realize that the worlds biggest company is 20x Apple, that's right around the 10T mark give a take a few T.
Then there are the financial markets etc that dwarf all of that.
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I dont quite grok the politcs of it,
however, debt is sort of immaterial in a fiat system as 0's are free to add.
eg 100
1000
10000000
10000000000000000000000000
etc.
The US can print its way out of anything. (by print I also me issue debt instruments etc)
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Ok BTCe just hit 351, so I will call it down trend broken (inmho)....not that I don't expect to see a 2/3rds retrace at some point.
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....i think there's a fair bit of rigging going on....btc will survive but exchanges will fail
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ok....so I suppose 350 on BTCe as the low water mark?
(I am conservative)
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Do any Bitcoin exchanges allow you to use private keys to credit account?
the advantage being it would be hard to hack, as you enter the keys the bitcoin would be accessible to the exchange and they could immediately send it on to a new address secure (for a small fee)
Even if a keylogger was on your computer it would be hard compete.
I suppose a keylogger could send all keys for the last digit place, and get ahead a bit....
what do you think?
(this also ignores the risks of exchanges themselves but that's a different story)
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Ok, my feeling is we need to go over 350, to break the down trend clearly.
Putting this here for future reference.
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i feel we need to hit 320~350 to say the down trend is broken
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Will all the Bitcoins ever just disappear?
Can the price drop very low to a dollar?
Will it go very, very high???
Tell us what's possible and what's not, and what you expect please.
No one here can tell us about the future of bitcoin because no one here works as fortuneteller  But i had a good feeling that bitcoin proce will stabilize around 270 for now and then reach 300 at the end of the year  anything can happen, you will be in the right track if you treat it as an investment and hope for the best.
it can go down in a flash once the price reaches around $100. nobody knows for sure. the price depends on human actions and humans have emotions and egos.
but don't let it scare you because that is unlikely to happen.
Thanks I was just worried because, I was planning to buy Bitcoins and I was afraid that the whole Bitcoin system would disappear or something cuz if it does, then all my $$$ would be gone. Only invest what you can afford to lose in BTC, is what a lot of people say. With this kind of view it allows you to ride out a lot of volatility |
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not really, bitcoin cannot be just printed like Fiat, without limit.
It sort of like saying can I just create 1 gram of gold per hour.
[except harder than that]
See say you could obtain 1 BTC per hour, without question, then so could everyone else but supply is limited, so no.
The closet you can get now is launching an alt and dumping into BTC. That's sort of finished as well now
OP said is to earn and not to generate $1 in bitcoins per hour. That is doable imo, get a real job and just buy bitcoins. As for the creation of alt coins, it is a great way if you know how to code, but that would be scamming once you leave the scene and dump all your holdings into the market after it has gone live, so I wouldn't suggest doing that. My error. Yes well $1 is a bit different. I'm not suggesting a person does that in alts.....but it seems to account for practice in the domain of alts.... |
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not really, bitcoin cannot be just printed like Fiat, without limit.
It sort of like saying can I just create 1 gram of gold per hour.
[except harder than that]
See say you could obtain 1 BTC per hour, without question, then so could everyone else but supply is limited, so no.
The closet you can get now is launching an alt and dumping into BTC. That's sort of finished as well now
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Bitcoin is zero-sum; for every winner, there's a loser. Bitcoin needs suckers like you. Thank you for supporting Bitcoin.
Actually FIAT is zero-sum, not so much BTC, as BTC carves out value representation from FIAT |
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How many of you can admit that buying Bitcoin was a worst decision of your life? I can. I'm approximately -50% in fiat funds now.
Sooner or later some type of bank chain or coin will come and gain mass adoption - while bitcoin still remaining a geek coin
to buy weed.
I know this forum is more like a cult than a information channel what comes to honest opinions but I know there's others
on this forum who feel the same, almost all of us. Don't let your cult believer ego come in the way.
Sorry to hear this. It is going to be near impossible for banks to use or make a chain that anyone trusts, as the open source nature makes it hard to turn a profit for banks or govs to control. further all the best devs are in BTC land, and unlikely to move. to some extent converting to from BTC to Fiat, is not what BTC is about, rather its about the percentage of BTC you hold vs all btc ever and the implications of the activities around the ledger. |
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How many of you would consider that USB's are generally all compromised, eg the manufacture will be injecting solid state / firmware level nasties, either by choice or requested to.
What are the solutions?
Is it back to burning CD/DVDs?
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