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At no point does holding any commodity not work for investors. The only debate is the duration of the hold. A loaf of bread 100 years ago cost $0.07, the median home price was $3,200 and a gallon of gas was $0.15. Today the average cost for a loaf of bread is $2.43, the median home is $200k and a gallon of gas is $3.00. In the U.S. there’s a tool you can use to determine the cost of living increase yearly, it’s called the consumer price index or CPI. If bitcoins value relative to the US Dollar only increases by CPI every year you will gain an average on 3% on your holdings. What that means is, at least you won’t lose money.
Look at it this way, if you hold $10,000 in a wall safe for 100 years that money will buy somewhere between $10 and $500 worth of goods and services when you open the safe. If you hold a bitcoin on a paper wallet in a safe for 100 years you will be holding anywhere between $30,000 and millions.
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Everything everyone says comes from a position of motivated self interest. I’ve seen statements from the most trusted founding pillars of bitcoin that end up being pure crap. Forum admin, devs, mining kingpins, business leaders and everyone in between all lie to protect their own best interest.
You need to ask yourself, “what does he have to gain”. Then you’ll know the truth.
At first I thought the answer to that question was simple, because he just want to scare Bitcoin (BTC) investors in an attempt to get as much people as possible to sell their coins and to buy Bitcoin CashSV, but I think the answer is a lot more complex. The guy has a serious God complex and in his mind he is Satoshi Nakamoto, so he wants to destroy all other coins that does not adhere to his vision of what Bitcoin should be. The real Satoshi Nakamoto never said that Alt coins or competing coins should be destroyed and I doubt that he/she/they would want that to happen. This is just empty threats and FUD being created by the master scammer.  Yep, I think you nailed it. |
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Firstly, tell the misses I say hey.
Secondly, I just sent you all my sM that I was capable of sending - 8. Enjoy, bud.
Bruno
Thanks Bruno, where have you been? |
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He's one of my favorite analysts. TLDW: We're going to $4,000-$4,500 No chance. We’re at the bottom now. I’m buying right now and will keep buying all the way back to $6,500. I like your hypothesis better, QuestionAuthority, but the others have kind of substantiated their view with external TA or with their own arguments. Why do you think the bottom is in? Please share. I'd also love to hear a contrarian opinion, like Tera's. Alas, (s)he's not here anymore. I don’t have any great analysis for you. I read all the same crap that everyone else here reads. I just feel like it’s over. If it’s not, who cares. I just buy more at $4k. Regardless, anyone buying now WILL make money. End of story. |
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He's one of my favorite analysts. TLDW: We're going to $4,000-$4,500 No chance. We’re at the bottom now. I’m buying right now and will keep buying all the way back to $6,500. |
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Everything everyone says comes from a position of motivated self interest. I’ve seen statements from the most trusted founding pillars of bitcoin that end up being pure crap. Forum admin, devs, mining kingpins, business leaders and everyone in between all lie to protect their own best interest.
You need to ask yourself, “what does he have to gain”. Then you’ll know the truth.
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If you have to ask then you’re not an early adopter.
I'm not completely agree... Probalby people in 2011 asked the same question Come on dude, seriously? None of us in 2011 asked if we were early adopters because we knew we were. We were the ones brainstorming trying to figure out how to get people to adopt bitcoin. I’m an early adopter. I mined with a cpu, but made most of my coin mining with cheap video cards and was earning whole bitcoins. Today mining for individuals is all but dead. When individuals do mine they need to buy expensive specialized equipment and earn micro fractions of a bitcoin. |
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Fear, uncertainty, doubt, whales, pumpers, dumpers, fake exchange pricing, fake news, real news, mining, forks, terrorists, drug dealers, government action, Christmas, criminals, scammers and those little balls of toilet paper you find stuck in the hair on your girlfriends taint.
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If you have to ask then you’re not an early adopter.
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The moon is so close I can touch it.  |
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I can see the moon coming up fast.  |
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Or "He ... still actually has a bunch of mining capacity hidden away somewhere."
Oh. Would you look at that. Turns out that he did. You don’t like theymos much, do you? LOL Relevance? Never met theymos, so I don't have any basis upon which to like or dislike him or her. I was just pointing out that theymos' blanket statement was erroneous. Anyone can control bitcoin if they have enough money and the desire to do it. But who is stupid enough and has that much money to throw away? hash power=money.
In my experience, stupid people rarely amass much money. Lacking knowledge of the contrary, I would venture to speculate that an incidence of a stupid person amassing enough money to steer a $100B market is unprecedented. Just some of the things you’ve said in the past. Maybe I should change that to “agree with him” instead of like. Yes, it’s almost impossible to control $100b market by purchasing btc directly. Hash power is a lesser figure. Still tons of money but not $100b. Stupid people don’t amass much money? Have you heard of Donald Trump and Paris Hilton? Both born into it. What's your point? Bitcoin is easy to control. SEC disapproval of Winklevoss ETF: “The Winklevoss ETF proposal was rejected because the SEC found that the significant markets for Bitcoin tend to be unregulated overseas markets that are potentially subject to price manipulation.” Who gives a ratt's ass what SEC finds or says or approves or disapproves? I’m pretty sure the SEC cares and I know the Winkledouches care. |
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So all of this crash was because 2 guys and some more are fighting on twitter over hash power? Ridiculous market.
Its the same impact as a president tweeting something about any company. But there is a difference from 1 company and a whole international 24/7 market, isn't it? Plus these are supposed to be currencies. It's ridiculous. It’s only ridiculous because we implemented all those Wall Street regulations to avoid market manipulation. Who is the "we" that you talk about? And what are all of the supposed "wall street regulations"? Bitcoin is hardly regulated... Of course, regulators try to make some kyc and aml requirements, and they are going to continue to try to make more and more regulations to fit round pegs in square holes, and they may even customize some regulations to bitcoin and to other cryptos and even ICOs. So far the kyc and aml regs have to do with on and off ramping from fiat and through bank regulated exchanges... Hardly applicable to overall bitcoin claims, right? No general regulatory body covering world wide, either. Are you trying to sugguest something more meaningful about what is going on in bitcoin and various sporadic regs than making vague references to an ongoing desire of various governments (and likely traditional financial institutions) to regulate that some people might have? But that would hardly qualify as a "we" would it? Neither in kind of regulation nor amount of regulation. What am I missing about your seemingly vague point? Calm down Jay, it was a joke. No need to bring out the Great Wall of china. |
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no one is selling bitcoin, no one is buying bitcoin,
The daily BTC/USD volume is only $200m
haha, you just contradicted yourself. that volume means $200 million worth of bitcoin is being sold daily and $200 million worth of bitcoin is being bought daily. so that many people are buying and selling bitcoin, it is just that there are equal forces by these two opposing sides that is keeping the price stable at the moment  LOL yep! It certainly not stagnant today. There’s no perfectly balanced buying and selling happening right now. Honestly, I think most of the unregulated exchanges that refuse to allow their books to be independently reviewed are so full of shit that no one really knows what the price of bitcoin should be. |
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What happened? I thought you people were bitcoins first line of defense? Why are you all sleeping on the job?
Because you aren't wearing a hat. Hey, I tried but that JJG amount of text in his avatar is no legible once shrunk to the proportions of the hat even with some creative text compression. You could bodge it like this one that uses an animated png. However, you can probably only view the animated bit on firefox, or Chrome 59 and later.  Good idea. *img* Avatar-sized (and bodged) *img* Thanks, but I don’t think I’m ready to be one of the cool kids. LOL |
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Or "He ... still actually has a bunch of mining capacity hidden away somewhere."
Oh. Would you look at that. Turns out that he did. You don’t like theymos much, do you? LOL Relevance? Never met theymos, so I don't have any basis upon which to like or dislike him or her. I was just pointing out that theymos' blanket statement was erroneous. Anyone can control bitcoin if they have enough money and the desire to do it. But who is stupid enough and has that much money to throw away? hash power=money.
In my experience, stupid people rarely amass much money. Lacking knowledge of the contrary, I would venture to speculate that an incidence of a stupid person amassing enough money to steer a $100B market is unprecedented. Just some of the things you’ve said in the past. Maybe I should change that to “agree with him” instead of like. Yes, it’s almost impossible to control $100b market by purchasing btc directly. Hash power is a lesser figure. Still tons of money but not $100b. Stupid people don’t amass much money? Have you heard of Donald Trump and Paris Hilton? Both born into it. What's your point? Bitcoin is easy to control. SEC disapproval of Winklevoss ETF: “The Winklevoss ETF proposal was rejected because the SEC found that the significant markets for Bitcoin tend to be unregulated overseas markets that are potentially subject to price manipulation.” |
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So all of this crash was because 2 guys and some more are fighting on twitter over hash power? Ridiculous market.
Can you explain why the whole market is dropping because of a coin that no one give a f about it? A coin in which two children are fighting lol The children are selling vast amount of their many bitcoin’s to keep up their shit show ...which is long term great for bitcoin! Just wake me up when it’s time to buy. |
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Or "He ... still actually has a bunch of mining capacity hidden away somewhere."
Oh. Would you look at that. Turns out that he did. You don’t like theymos much, do you? LOL Relevance? Never met theymos, so I don't have any basis upon which to like or dislike him or her. I was just pointing out that theymos' blanket statement was erroneous. Anyone can control bitcoin if they have enough money and the desire to do it. But who is stupid enough and has that much money to throw away? hash power=money.
In my experience, stupid people rarely amass much money. Lacking knowledge of the contrary, I would venture to speculate that an incidence of a stupid person amassing enough money to steer a $100B market is unprecedented. Just some of the things you’ve said in the past. Maybe I should change that to “agree with him” instead of like. Yes, it’s almost impossible to control $100b market by purchasing btc directly. Hash power is a lesser figure. Still tons of money but not $100b. Stupid people don’t amass much money? Have you heard of Donald Trump and Paris Hilton? |
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Or "He ... still actually has a bunch of mining capacity hidden away somewhere."
Oh. Would you look at that. Turns out that he did. You don’t like theymos much, do you? LOL Anyone can control bitcoin if they have enough money and the desire to do it. But who is stupid enough and has that much money to throw away? hash power=money. |
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