The global collapse of fiat will make Bitcoin a "mainstream choice" for people seeking better options. It is just a matter of time. Do not smile over a global collapse. If such a thing happens, everyone will suffer very bad and the LAST thing you will worry about is bitcoin or investments or money. You will be thinking of how to survive, what you are going to eat, and how many bullets you have left in your gun to fend off all of the attackers. Bitcoin will probably crash too once the world is in complete chaos, not rally. This is because all the channels to inject fiat will be broken except direct hand to hand barter, and I find it highly unlikely that suddenly Bitcoin will become a barter tool during global chaos when it was not already. Also it will require people have access to technology and the internet, which will also become unlikely. So it will become worthless. Be careful what you wish for. So maybe there this small chance you bitcoins gain some value while your house is being burned and your friends are being killed by looters. It disgusts me that there is a smiley face attached to such a thing. Chill out it is just hyperbole
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Oh I like this guy. Look guys this is the new bull, and you are all bears. The 1000% per year trend that everyone believes in isn't even good enough for him. Bitcoin is going to exceed that and start increasing 5000% per year. Now anyone that still believes in ONLY a 1000% gain per year is a BEAR. The thing is you claim to be bull, just not making ridiculously optimistic projections. But instead you always think bitcoin is going to crash. This is not a case of you being less bullish than everyone else - it is more than that: you are a bear
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Hold only if you can take the pain when it goes sub 300or 200$. It might get back to 600$ , but that could take another year or two. The bubbles before have been artificially created by non-existent MtGox USD. There is no garantuee at all that we will see another ATH bubble. I have to say that we might get a bubble from 70$ to 500$ , if it should drop that far. Is that 3 times now we have got back to 600 in a week?
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I could use the RSI to point out some really bearish things too. I'll make a thread on that later.
You're such a giant Bitcoin bear that it makes me wonder why you're ever on these forums. It's one thing to be skeptical or to see/know that there will indeed be bad days for bitcoin (and any other potential investment or hobby out there), but I haven't ever noticed 1 hopeful or positive comment about bitcoin from you ever. Now I haven't gone through and looked at all your posting history, so there may be some in there somewhere, but I'd wager that they are few and far between. With that being said, is bitcoin an investment to you? A hobby? An Interest? And if it is of any interest to you at all, why is it always in a negative light? Do you hate all of your hobbies? I'm not raging on you or anything, just very curious as to your continued negativity and yet persistent activity in regards in bitcoin. I'm not a bear.... You were strongly bearish at $450, $425, $400...and you are bearish now. When is the last time you were strongly Bullish? (medium to short-term) This is typical TERA - every post is about how bitcoin will crash. The she claims not to be a bear. It is a never ending cycle TERA turned from bear to troll now. she should go to btc-e troll box and leave this forum LOL I was thinking today actually that the only difference between TERA and fonzie is that TERA posts charts.
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I could use the RSI to point out some really bearish things too. I'll make a thread on that later.
You're such a giant Bitcoin bear that it makes me wonder why you're ever on these forums. It's one thing to be skeptical or to see/know that there will indeed be bad days for bitcoin (and any other potential investment or hobby out there), but I haven't ever noticed 1 hopeful or positive comment about bitcoin from you ever. Now I haven't gone through and looked at all your posting history, so there may be some in there somewhere, but I'd wager that they are few and far between. With that being said, is bitcoin an investment to you? A hobby? An Interest? And if it is of any interest to you at all, why is it always in a negative light? Do you hate all of your hobbies? I'm not raging on you or anything, just very curious as to your continued negativity and yet persistent activity in regards in bitcoin. I'm not a bear.... You were strongly bearish at $450, $425, $400...and you are bearish now. When is the last time you were strongly Bullish? (medium to short-term) This is typical TERA - every post is about how bitcoin will crash. The she claims not to be a bear. It is a never ending cycle
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All of the reasons why bitcoin cannot become mainstream are not accurate at all. Those are simply reasons why bitcoin is not mainstream today. 5-10 years time all of those things can change. It is just a matter of time
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UK
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no bubble yet please. i need more cheap coins. You should buy them soon if you want cheap coins. I don't think we will be able to get them for this price in the future. That's why i bought 2 extra bitcoins with my last savings. Niiiiice. So you are all in?
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My god! People, what happens will happen! GHash is at what, 31% right now? Is it really still a threat? If there's a 51% attack, it happens! That's not going to change anything. But please follow the majority, and see were that gets ya. No ones holding you back, and I don't get why you had to publicly state this. Just do it.
Its about sending a message Given that 20% of the network is unknown 31% is still a threat. Bitcoin should be completely trustless
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It's not a financial decision per-se, more of a matter of principle.
I agree though - after the US Marshal sale, Bitcoin should explode upward in July and throughout the summer. I wouldn't be surprised to see prices hit $2000 by August. Mass adoption is already occuring (Expedia, etc)
But, imagine what would happen if Ghash (or some other rogue operator or hacker who managed to gain control of Ghash) actually carried out a 51% attack. Remember what the MtGox crash did to the price? How would a 51% attack affect Bitcoin? It would be a total, absolute catastrophe and I think most people would lose faith in the currency at that point.
So I'm keeping half my Bitcoin holdings and exploring other cryptocurrencies which I think will be more viable in the future, ie those which are impervious to attack by a large mining pool. Of course, if the Ghash issue is eventually resolved, I would consider moving the remainder of funds back into BTC.
Only time will sell ... I urge Gavin Andresen and other core developers and the Bitcoin community as a whole to band together and solve the mining pool issue once and for all.
You could say then:
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I respect your decision, but I would wait and see if this July rally turns out to be true...
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I hope we see a new bubble soon. I bought most of my coins > $800. Would love to be in profit. Then why didn't you buy in at the dips to 450? If I may ask... I bought in all the way down, so my average is about 620. He may have used up all of his available funds. What you suggest is a good strategy otherwise. Only if it doesn't continue to go down Good point! Obviously you would have to be fairly certain of its long term hopes Still, lets give credit where credit is due: buying at over $800 and holding all this year is tough
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Already many people buy/sell steam codes for BTC. Not sure how big an impact there would be. I wonder if there would be added sell pressure.
Typical bear response. More merchant adoption is undeniably good
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No chart for me. But I am praying that you are right!
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Oh good, another thread predicting 5000+ prices "This Summer ™" based on nothing except "But Bitcoin!". Can we see one of these threads with some actual facts and reasoning to justify these prices other than "Lol srsly totally undervalued cause Bitcoin will save teh world"?
bitcoin is changing the world, i can now send 20$ to a friend on the moon for a 5cent fee! that alone gives it much worth. 10x within 2 year, not unlikely... That makes me think - bitcoin should be the official currency of space.
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Mining is a risk just like buying, only difference with buying a bitcoin is that you do not need to see a $12k appreciation to breakeven.
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We could turn this on its head and say the only thing that matters is the price.
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While this is a great event for the legitimacy of BTC, I think it's probably worth mentioning that the chairman of digitalBTC made his fortune through pretty questionable methods. http://drbenway.blogspot.com.au/2014/03/bitcoin-miner-listed-and-ramped-on-asx.htmlwithout adressing the first half of that article in the second half there are links to forums of people saying how they were basically scammed by sms adverts for a "love calculator" service made by the chairman of digitalBTC which turned out to be a scam where users were billed weekly not to their knowledge and opting out was an arguous process. Not sure if these "sms scams" were as prevalent in other countries like the were in Australia but here they are advertised frequently often on "MTV" and other channels young teens are probably watching. They are solely targeted at children with newly acquired mobile phones not realising what they're signing up for and either themselves or their parents pay unkowingly. TLDR the chairman of digitalBTC is basically a scam artist Those kind of scams take me back a few years!
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And just imagine if it is the SEC buying?
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Strike The Co-Operative Bank/Smile of your list of UK BTC friendy Banks!!! Done a few small transactions on Local Bitcoins, the cancelled both my cards and blocked my internet Banking, made me speak to fraud department. As i thought 1 of the transactions must have been fraudulant i told them it was from Local Bitcoins. "It is our policy not to allow any Bitcoin related business"
That is just pure insanity. What happens to your money inside the bank account in those circumstances? Can you withdraw it?
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