Well!! Popular cryptocurrency expert john McAfee says that bitcoin is waking up again. According to John McAfee, “BTC waking up again. Up and down but long term steady growth is apparent” What's your point of view on this? Well even an ordinary man would able to say those normal lines too and also i dont see this McAfee to be expert on predicting Bitcoins price.The thing here is that, he should not forget on the deal that he had made on previous years where bitcoin would hit up 1M usd each or else he would eat up his own d*ck on national television.lol Well John McAfee is really no expert, I mean he suddenly burst into the scene, making outlandish predictions. And later we found out that he is just a shill, and even had a huge asking price to promote coins in his twitter. No one will forget about that deal, all eyes on him when bitcoin price didn't hit as he predicted and there's gonna be a lot of meme and he will be ridiculed for putting his own d**k on the line. Even speculations from traditional market big investors or well known names cant be considered to be an expert when it comes to crypto market.How much more for Mccafee? A British-American computer programmer and businessman. ? He do only minds on making money out of shilling out. Exactly, since when is he a big Bitcoin expert? People are often attracted by big names and therefor beleive everything they say, including predictions about Bitcoin. They have influence although they don't actually deserve it. If you have enough following you create a self-fulfilling-prophecy .... you say it will go up .... people listen to you and buy .... less available .... price goes up ..... (the same for selling) This sometimes results in a god complex and the idea that they really can predict the price. It all comes crashing down once you lose following. Apparently his following is no longer enough to influence the world of Bitcoin. And the world of Bitcoin is the entire world  |
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If you want to engage in extravagant extrapolation, this should do you  Like the graph The $ values seem to be off though... |
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I think the price increase isn't tied to that announcement. This is speculation board but I feel the down was because of some lost bitcoins in exchange, that could have created some level of panic around intending investors who were contemplating buying or not. Is a market demand and supply.
True, with every hack people tend to protect their assets by taking them out of exchanges. This is a sell order on btc... |
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I meant something like this... it shows a possible potential high price .... My paint skills suck  You can slide the parabola straight up, straight to the left, or slide it at an angle, which it looks like you did. That's fine. I experimented with moving the curve around too, but there's so little data at the tops, three or four data points as opposed to dozens that line up on a curve at the bottom with a very high correlation coefficient (like 0.99), that I just couldn't justify it. If it sounds like I'm saying that predicting the tops is futile, well I may just have to plead guilty on that one. Not completely futile. If the model says bitcoin's 1000 or so days ahead and you're not getting scared, you're not paying very much attention. That's actionable information*, and that's the significance of the second chart in the OP. *not financial advice True that you cannot predict. That’s why I said “potential”. Shifting the curve up gives the possible working area of bitcoin. Effectively saying it is unlikely to get above that price. Once we have more cycles predictions might get better. |
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I hope  |
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If Facebook succeeds in Launching Libra, that may also play a part in the ultimate awareness to Cryptocurrency and indeed Bitcoin.
But as it stands, I don't think Facebook is moving ahead with the project anytime soon due to regulatory frameworks
Can't you understand that the reason Libra (and many others) could be stopped on a whim is the very reason it fails as a coin? Its centralization is its downfall. Some people are yet to understand this, and want to force their beliefs into what they have known all their lives, that is, fiat, into crypto. This is the mistake made by Zuckerberg and many others. Just the fact that you are saying in your own sentence that Libra might be stopped by a government, should tell you right away that Libra is doomed. Nobody can stop Bitcoin. Get it? This is why bitcoin is valuable, while Libra never will. If it can be shutdown, it is worthless. Or, are you going to put your savings into something, that tomorrow might be no more? Then stick to fiat... My take on it... They sell it as Bitcoin but use the blockchain to monitor your buying activity (between shops) and keep track of your balance. They want to centralize the information and decentralize it’s use. Maximize advertisements based on your buying habits. Sell your buying habits.... It’s the evil twin of tracking cookies... |
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Step 1: Buy Bitcoin Step 2: Hold  Chart done by: MILTON FRIEDMAN JR ENJOY! YOU RICH NOW! Most accurate chart I have seen in ages  |
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The US monetary system is made to allow for an ever increasing debt.
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Sex, on the other hand, is something a normal person spends at least a dozen hours a week doing. It's hard not to think about it while you're doing it. Then there are the happy hours of anticipation and afterglow.
IMO sex wins every time.
Jimbo, dropping some wisdom bombs on the crowd. Damn Jimbo, a dozen hours a week??? You must either practice Sting-level tantric sex or else be taking some juicy supplements... maybe one of the Superblue products. Hammering away until it breaks off   |
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Is it me or does the store only have great products (5 stars) or does everyone drink the same kool-aid  |
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Below 10k like 9500?
No, not yet. Not my figure to buy more and I do think there are a lot out there who have the same feeling.
Too expensive for me since I have bought some at 6k.
Maybe rich people could do it and risk that much. I am not yet in the FOMO side even if it suddenly broke its all time high.
Is 12k though a good exit point?
50k-100k is a better exit point  When your grandma and neighbors are buying bitcoin you should exit. When bitcoin is going up 1000-2000 a day then get ready to exit the train. |
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I'm always annoyed by people correlating stuff with no real basis.... ( it's ok becasue this is speculation forum ) Let me correlate something stupid too......... I think bitcoin increased because of the leaked Brexit Memo and everyone in the UK will start hoarding crypto  Lol, like you said, it is a speculation forum, and don’t forget that the market is also driven by speculation, so let’s just leave it to the way it is now, we don’t need any comment or any news that will work against the development and increase of bitcoin now, even if we have a mad man that will come up on forum today and say that bitcoin will reach $2 million by tomorrow, let those that would believe,believe and then invest based on that, it is all still good, we have nothing to lose. The thing I just don’t like about some positive speculation is that, it seems at the point where everyone is going towards same direction, maybe same positive direction, that is when you see bitcoin going the other opposite direction, so I just don’t follow speculation that easily till I completely verify it myself and see if it would have any effect or not. I just blow my own bullish horn *hoot* *hoot* |
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 via Imgflip Meme GeneratorWhere is this famous place to chill the F*** out ....... actually this is a good set up place for like a 100K party where i’m at right now Nikki Beach Mallorca edit: damn, bitcoinPsycho was faster You are both right.... It's Mallorca. Look on google maps, streetview |
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Could you add a max fit parabola just to see where we could be headed? Even if you knew we were going to max out at 1300~1400 days ahead, like before, you would still have to know when it's going to happen in order to predict the dollar amount. You can use this chart to look at some possibilities:  If the timing of tops continues to follow on the halvings at even intervals, we might top out at say q4 2021. So you would take some date in q4 2021, add 1300 or 1400 days, and calculate the value of the parabola (actually as a function of time, a square root function). The equation for that is log of price = 0.09348075*sqrt(d)-1.64982665 where d is the number of days elapsed since Sept 8, 2010. The bash script has some lines in it that calculate days elapsed, you could edit the script to make it so you can input your own arbitrary date and then echo the calculated result. Or you can use a website that calculates days between two dates, like this one https://planetcalc.com/274/That should be enough info for you to work out the answer to question you asked about the next top. You could contribute to the thread by letting us know what you find. I meant something like this... it shows a possible potential high price .... My paint skills suck |
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via Imgflip Meme GeneratorWhere is this famous place to chill the F*** out ....... actually this is a good set up place for like a 100K party where i’m at right now Miami |
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[edited out]
Unlikely. Not that I care much, but you underestimate the ability of Wall Street to create a rush to some token in a true bull market. Some zombies might revive and some will join the fray. Why? Because there is a certain group of investors who harp on POW and think that POS will allow them to "earn" interest. I don't see how btc can truly earn interest, apart from questionable re-hypothecation schemes (in which I don't partake). I don't see how in my earlier post, I am making any kind of "estimation" of the power of wall street that significantly or materially differs from your estimations of the powers (abilities) of wall street. You are agreeing with the opinion that ONLY some unclear tokenization (how loan tokenization creates any value whatsoever-a rhetorical question) and new btc forks (lol) would create significant market cap value. There are better candidates. I didn't believe that I was saying that, and it looks like you subsequently edited your post to hone in on my response to hairy's comment. That was not in your first response because it looked like you were responding to my whole post (or I could not determine which part). Anywhooooo, I was just thinking that there were potentially a lot of ways that BTC dominance measures might be manipulated, and I was just trying to add that angle to the speculation regarding where bitcoin might be a year or two down the road, and Hairy posted a bit of a more elaborate listing of possible scenarios, all of which are speculative in terms of ways in which the BTC market dominant measure might be represented in the future. Sure, I don't discount forks or any kind of shenanigans that would appear to manipulate and cause bitcoin to look less important than what it is... I am not sure if you buy more into the belief of some kind of significant meaning of the coinmarket cap bitcoin dominance or if you agree that it appears to be an ongoing indicator that is attempted to be used for FUD purposes, including that some coins will get listed on there in such a way that was largely smoke and mirrors, historically, ripple, ethereum and the two bcash forks have been accused of that kind of manipulation, but surely there are several others that try to get listed high on that list in order to cause themselves to seem more legitimate - but at the same time the measure is used in order to attempt to make bitcoin seem like it is somehow in the same league as those shitcoin projects that are listed thereon. *checks Dogecoin  |
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I think this may be a fundamental failing of the human condition.
Yes. And I think it's used against the average human on a regular basis. A classic case is 'billion'. We hear this countless times a day in the news by governments and businesses until it gets to the point where the average taxpayer thinks 'hell, what's another billion?' One million seconds is 11 days. One billion seconds is nearly 32 years. Politicians should be forced to say 'thousand million' and blow out their cheeks and throw out their arms to emphasize how vast that number is. What should they do to emphasize a trillion? |
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My gut feeling:
Bakkt like many other things (ETFs, ICOs, etc.) is a mirage.... it will never happen with official backing....
If it happens without official backing, it will be allowed to run for a short while and will get killed.
In cryptocurrency we don’t needs to have “official backing”! Bitcoin investing should not be subject to regulatory approval because we do know that governments will never approve what she is not going to benefits from. Launching of Bakkt by next month is definitely going to impact bitcoin’s pricing positively . I can see that since the day that this news hit the airwaves, bitcoin has been showing a sign of bullish trending. By next 23 , when it is fully launch it might go over $14,000 the last high. Exactly what I mean. Bakkt will get killed off it doesn't benefit the government or economy. I think it will not get all the green lights needed to start. |
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Nope. Looks like you are serious. Have fun with that stuff. Keep an eye out for the lizard people.
LOL, out of sMerit, otherwise I'd give you all of 'em. Snopes may not always be correct but I'd trust them far more than infowars. Also, the person who was objecting to the snopes link can always go there and verify *their* sources. The infowars type of places never seem to have verifiable sources, for obvious reasons. I find this graphic to be useful as a gut check when reading online...  Source: https://www.adfontesmedia.com/Nice graph. Saved it. Looking at CNN and FOX NEWS and it seems to be spot on 👍🏻 |
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