I wanted to share with anyone starting on these forums that there is enough information here to make an average person rich.
I started out as a BTC newbie in 2013, when I started devouring the information presented in Bitcointalk.
It led to my first large purchase and subsequently a better understanding of the worlds financial systems and how they affect me.
In the process of reading information on the forums, I've also been burned; buying at tops, selling too early, losing money on fly by night exchanges & alts.
In my mind the benefits of all this is a way of not only educating myself but understanding my own psychology. Greed can sometimes make you do things that are irrational, no matter how astute or smart one may be.
I'm not going to name specific members who's posts I believe are "money", but as a starting point I'd start reading posts of active members registered in 2010 and 2011. There are certain thoughts shared by early adopters which brought them to this place, and those kind enough to share them could potentially bring us all a great deal of wealth.
Great sentiment  |
|
|
|
Bitcoin will function just as optional payment/investment option. It won't replace or come even close to fiat currency. Bitcoin is unique in its own way.
Store of value ? |
|
|
|
Well this is what happens when so many people play derivative markets with high leverage. The futures market had massive volume today.
80000 Bitcoin worth of volume. So they could have longed at the bottom to hedge and they would've made money. And they would have closed shorts for good profit too. Huge money to be made in futures.
Hi chriswen, where do you find that info? i'd be quite interested to see more about that. Thanks |
|
|
|
That bubble seemed pretty real to me ! In response to above comments US$ is not real 'money' it is credit/debt notes which can be created from thin air. US $$$ are created by billions even trillions at whim of the fed. Don't give me this shit about US$ being real money. US$ used to try to to be real money with promise to redeem in gold. Since US went bankrupt in the 70's we've had fake money rammed down our throats. Now they are going to try and even ban the bits of paper so all will be controlled by the governments. Real money holds value due to scarcity, US$ has declined in value 98% since it was created. In fact central banks deliberately try to devalue it through inflation ('to help the economy'). US$ .. Real money .  |
|
|
|
|
Did there not used to be a rule that newbies were confined to the Beginners section for a period of time. Has that been abandoned ? The speculation forum is plauged by regular new threads started by brand new 'newbies' accounts. They all appear to obviously be the same person behind these different accounts. Last one was called something like 'noone want this shitcoin anymore'.
Could we see the newbies again confined to beginners for initial period of time ?
|
|
|
|
what is the next target if the end f the bear trend really proves to be true?
I don't have a target but I regard bitcoin as undervalued. Particularly in the event that stock market eventually crashes (which it will), soverign debt failures, bank failures, more bailouts, more QE, as fiat continues a death spiral. Bitcoin, Gold and Silver will all benefit hugely. Stck up now while its cheap. |
|
|
|
|
Ripples (xrp) are 100% created by RippleLabs (or whatever they are called these days), ie not mined or minted in any decentralised or fair way. I wouldn't buy xrp as investment. Bitcoin is still finding support along rising trendlines. Its all good.
|
|
|
|
Price still bouncing up the trendline..
The end in sight yet ?
I'm curious why you ignored the second local bottom around $212 for your rising trend line. Not calling you out, just wondering  Its not ignored, if price dips below again I'll start looking at lower parallel trendlines. For now I don't think its needed tho |
|
|
|
|
Price still bouncing up the trendline..
The end in sight yet ?
|
|
|
|
A picture paints a thousand words of what? Nonsense ? Anyway what am I bothering to feed the troll for? Adios to this thread  |
|
|
|
Don't you guys know the bitcoin ponzi scheme is collapsing right now??
I sold my coins for 10 dollars before it was too late!
no but seriously... i think 50 is on the high end, im guessing next difficulty will only push it to about silver 35-40 USD
Look at Kwukduck's history, it seems he sold at $10 and has been a salty troll ever since!!! HODL, do not become a Kwukduck!!! Nice find  edit:Wow this thread is from right at the first bubble peak. |
|
|
|
The real market demand is so low almost zero.
90% of the current trades volume are manipulations, pump and dump day trading.
Only 10% rest are dark markets illegal activities demand.
People finally understand this bitcoin scamcoin is useless and going to be worthless, It would be the end once those bag holders give up faking 90% trades to create this dying "booming" market.
I think this is same troll that was going on about low voume bull traps. Anyway in response to OP, I think the market having low volume is entirely normal for one which is trying to find the bottom after a huge bear correction from an even huger bubble peak. Once it is confirmed which way the market is going next (up) then the voume will return. At the moment we are witnessing the end of dispair phase in which soon new green shoots of optimism will grow. |
|
|
|
Why do newbies hate bitcoin so much? Did you get in at the peak and full of loathing now ?
Even if you buy at the top in December 2013, Bitcoin gave you a lot of chance to recover your loss. So, I don't think it's about that. They just don't know how to make money in bear market. Yes I also don't really think its because that either to be fair. Maybe paid to spread fud ? Or Maybe just loves trolling ? Or a little minnow who actually believes these comments can move the market LOL |
|
|
|
|
Why do newbies hate bitcoin so much? Did you get in at the peak and full of loathing now ?
|
|
|
|
We are seeing no volume fake recovers, price slowly going up with barely no volume, there will suddenly be a huge dump takes the price back down to sub $180.
Fake pump and dump, your money is gone and left you with heavy bags. Don't bite the bait, Price already dropped 80% and will keep dropping.
Bitcoin, by criminals for criminals. Don't fantasy about this failing scheme.
Bitcoin bagholders  |
|
|
|
Despite its peak at nearly at $140,000 in 2018 by the time 5 years is passed people will be proclaiming the death of bitcoin after its price plummets down to about $23,000. However there will still be diehards saying that the all time high can be broken and bitcoin will go to the moon. Hardly anyone will own whole bitcoins by then.  |
|
|
|
|
I don't know enough about the block size limits really but is increasing it just kicking the can down the road. Can we just keep doing that? A bit like how USA used to keep increasing the debt ceiling
|
|
|
|
|
I tried to pay for a VPS using mastercard the other day however my bank saw fit to block the payment going through, not only that they then blocked my account for suspicious activity and the fraud dept phoned me the next day. They even started asking for my details my date of birth etc even though they initiated the call which I of course refused to give them. Eventually after I called them explaind yes it was me trying to do the transaction, it wasn't suspicious etc they removed the block.
The fun part is after all that I noticed paying with bitcoin was an option for that VPS. I credited the account with appropriate amount of bitcoin and it went through virtually straight away. No hassle. No bank getting in the middle blocking what I want to do.
Point of all that is that as a payment mechanism bitcoin was far easier for me.
This doesn't even go into the value bitcoin gets from its other monetary properties. The thing I like best is that the quantity is not controlled by some centralised authority eg like XRP or like fiat dollars as a store of value bitcoin could turn out to be better than gold
|
|
|
|
|
Option A is closest to my own expectations. Very interesting analysis thanks for sharing that
|
|
|
|
|
Show Posts
