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1781  Economy / Economics / Re: New Zero Hedge Article Suggests BTC to $2100 in 1017 on: December 07, 2016, 05:02:33 PM
...

Saxo Bank each year puts out their 10 Outrageous Predictions for the coming year.  One of them predicts BTC to $2100:

http://www.zerohedge.com/news/2016-12-07/saxo-banks-10-outrageous-predictions-2017-brexit-never-happens-bitcoin-surges-fed-fo

Funny comments underneath too...

The zerohedge comment section is filled by idiots and old people that still have not understood that if you are not holding any bitcoins in 2016 you are a total and complete moron. They will stick to only metals and they will realize this is a mistake once governments start confiscating metals if you try to move away from your country.
1782  Bitcoin / Bitcoin Discussion / Re: So where is the Bitcache thing by KimDotcom on: December 07, 2016, 04:55:21 PM
kimdotcoms version of LN is not ready.

as for 'at around december'..
that could mean november december or january.

a bit early to shout 'there is nothing'

much the same as segwit announced segwit by christmas.. but dont expect it by christmas.

wait for sgwit, LN and kimdotcom's LN news after the new year

and by 'after the new year'. i dont mean literally quote me on january 1st and say im wrong. take it contextually as some time in 2017

Yeah I didn't mean to bash Kim Dotcom, he gets a lot of hate but I think when it's all said and done he is capable of delivering a good product. He is capable of getting a lot of traffic which is something key, and he is smart enough to hire the right people.

I hope segwit gets activated eventually. Only morons are actively blocking it.
1783  Bitcoin / Bitcoin Discussion / Re: Greg Maxwell aka /u/nullc is banned from Reddit on: December 07, 2016, 04:52:36 PM
It was clear that he would get unbanned, it is nonsense that he got banned because he posted gavins gmail address which everyone knows what email is and everything he posted is public, but from now on I would always avoid posting any emails since the rules are nonsense, we can't afford people gmax getting banned because we need people that know how bitcoin works to continue posting on public forums.
1784  Bitcoin / Bitcoin Discussion / So where is the Bitcache thing by KimDotcom on: December 07, 2016, 04:37:22 PM
As far as I remember Kim Dotcom claimed to have a product that would solve a lot of existing problems with bitcoin, and he would deliver a package that included a new megaupload 2.0 that would help bitcoin become mainstream. He claimed give a press release at around december so here we are and I still have not seen anything. Anyone knows what's up with this?
1785  Bitcoin / Bitcoin Discussion / Re: Bitcoin in the year 2100 on: December 07, 2016, 04:28:57 PM
By 2100 Bitcoin will have surpassed gold and all other currencies on the planet, because you cannot compete with the king cryptocurrency in the era of digital technology. With Bitcoin we have an improved, digital gold, and with lighting network we can totally get rid of the annoying scam that the banking system is. We will have massive transaction volume for cheap transactions. This train can not be stopped.
1786  Economy / Gambling discussion / Re: UFC 207: Rousey vs Nunes Prediction and Info Thread on: December 06, 2016, 05:22:03 PM
So there is some drama going on with Ronda Rousey again. According to the reports she was really upset after the face off with Amanda Nunes at the UFC 205 weigh ins. It was also reported that she was very emotional at the backstage and that she needed to be consoled. Could this be a sign of weakness that is still haunting Ronda? She might not be mentally ready for this fight and she might possibly pull out.


I think she is going to lose it, unless she gets a lucky KO, Nunez is too robust, strong, and an excellent standup fighter, I think Ronda is getting KO'd and she is going to retire that night just like Miesha Tate did after her last 2 KO's. She is never to get over not having that perfect 0 defeats record.
1787  Economy / Gambling discussion / Re: Betting on sport = gambling? on: December 06, 2016, 05:06:10 PM
There is people that make a good living by gambling in sort bets. It's not the same as full on gambling, you can really study hard teams and their statistics and try to decide what to do. In the roulette or slots or dice, you cannot research anything contextual beyond pure raw statistics of the amount of times you play.
1788  Economy / Economics / Re: Alibaba’s Jack Ma: “Everyone Should Have a Bank Account.” on: December 06, 2016, 04:53:46 PM
The only and only way you can achieve such a feat is by the means of bitcoin. All otehr technology will never be able to bank the 4 billion unbnaked people that exist all over the world. Therefore, if he really wants to see this happen, he should start investing in bitcoin and guaranteeing that core + segwit + lighting network roadmap happens.
1789  Economy / Speculation / Re: Will we start new year in $800+ or remain in $700+ on: December 06, 2016, 04:48:17 PM
I think people was expecting different results from austria and italy political elections and this may have caused a dip but who knows. I think we will see further uprise but it will be slow and when it starts accelerating we may go through those dips, but we can't never know, we may see a mega 800 to 3000 pump for all I know.
1790  Bitcoin / Bitcoin Discussion / Re: Bitcoin can you stand alone? on: December 06, 2016, 04:43:18 PM
Can you stop pricing yourself in fiat?

I would say it is with almost 100% certainty that you cannot.

I'm wondering just how long you will use the fiat banking system as your crutch.





What`s the problem about btc pricing in fiat?

99,9% of the people in the world use fiat and maybe 0.01% use bitcoins.

This won`t change soon.
It will never change unless people are forced to use bitcoin, so we have to wait for situations like india to happen in the developed world. If that never happens, then bitcoin will remain as a better gold as long as developed world usage goes, because people simply dont need it when they have fiat and they can do the same thing without having to go through annoying exchanges.
1791  Bitcoin / Bitcoin Discussion / Re: 21 millions bitcoin in question on: December 06, 2016, 04:39:17 PM
The idea of increasing the total supply of Bitcoin is a suicidal one. Only people that want to damage bitcoin will support such an outlandish idea. It makes no sense in its very core because bitcoin was designed to be an imitation of gold which is limited. If the supply increases everyone holding loses purchasing power so its pretty stupid and has no positives.
1792  Economy / Gambling discussion / Re: When is Gambling Like Investing on: December 05, 2016, 04:37:57 PM
All gambling is a form of investing and all investing is a form of gambling. You are just taking a bet into something going your way in both scenarios. The difference is that in gambling you don't have much control and with investing stocks and so on you have some sort of expectancy in what can happen even tho both require big ass luck.
1793  Economy / Gambling discussion / Re: What is your reason to gamble? Fun or profit? on: December 05, 2016, 04:29:31 PM
The entertainment in gambling is the adrenaline high that you get when you make high bets, but since making high bets is only reserved for rich people, it is better to make small doses of adrenaline in smaller gambles and spread across time, so you still keep it fun as compared to playing in demo mode which is pretty stupid unless the game itself can be fun like poker.
1794  Economy / Speculation / Re: Speculation Rule: buy when others are irrationally pessimistic or too cautious on: December 05, 2016, 04:26:42 PM
Quote
Buy rumor, then sell the news. Meaning you are buying the fact that crypto is progressing and not sell because of the realization it isn't perfect yet. The problems of crypto will get worked out over time via competition from altcoins and Bitcoin.

I completely agree with this logic.


SegWit, LN, schnorr signatures, etc upgrades + ETF (SolidX + Winkelvoss) are the rumors right now. I don't wanna buy after these come into fruition.


The only thing that slightly concerns me is that everyone seems to be bullish... which goes against the "buy when others are fearful, sell when others are greedy" logic

This works until it doesn't. A lot of people may think like you, "these suckers don't know once the software upgrades actually take place people will sell". Well it may turn out a lot of people think alike and it actually pumps harder after the software gets updated and you end up missing on further gains. The fact is, predicting dips is hard, but the real hard part is predicting when to buy back and when to sell at what you may consider a peak.
1795  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin the Trojan horse to help push the move to a world government? on: December 05, 2016, 04:22:43 PM
You still not addressed my point here:

It will be considered a basic human right that Internet money and access be without borders/barriers. The globalists want this. I believe the elite created Bitcoin as a Trojan horse against nation-state and banking interests selfishness. They are using us to force a wedge between nation-states and banks, and the global village reality of the Internet


I don't really get this theory (conspiracy theory that is) about how Bitcoin is a trojan horse by the so called elite. Why would the elite deploy a software that is open source, and allows people to hide money from the government or anyone else but you and the other party?

Because the nation-states and banks are powerless to stop the lurch to crypto-currency and the global ledger. They simply don't have globalized jurisdiction. This creates a demand for a world government system, so that regulations can be placed on all countries at once. In this way, crypto-currency can be regulated later after the world government takes form. Until then, the nation-states will find themselves powerless to stop crypto-currency unless they shut off the Internet, which they can't do. Even China will succumb (the people already know how to use VPNs to subvert the Great Firewall of China).

I mean people that work for bitcoin, if they never cash out and buy with bitcoin... the circle is closed, government can't never tax any of that,

This is why the nation-states will need to support the creation of a world government. Bitcoin is the Trojan horse that forces them to.

... they will never know how much bitcoin a person that got bitcoin within bitcoin ecosystem be it by mining or by working in exchange of bitcoin has... so what's the point?

Well Bitcoin is traceable if you have the resources of the NSA, but other countries don't have those resources. And more anonymous coins are underway, so yes ultimately governments can't track it if they can't regulate it globally to force a government viewkey to be attached to every transaction. Again crypto-currency breaks the authority of nation-states and renders banks irrelevant. It thus drives the need for a world government and a world bank.

If I was the elite, I would be hating bitcoin and having nightmares about it. I don't see how the elites benefit from bitcoin.

Grasshopper you don't think in sophisticated logic, and that is one reason why you could not ever be a member of the global elite.

Bitcoin is working perfectly as they designed it to do.

Ask yourself this. Does Bitcoin eliminate the need for people to borrow money and will Bitcoin prevent fractional reserve lending? The answer to both is no. And so the business of the global elite is still intact, while they destroy all their competitors with the Bitcoin Trojan horse.

I think bitcoin was simply the work of crypto anarchists/hackers. They saw that the future is digital, and that governments will deploy closed source currencies where they have total control. They saw this coming, and released bitcoin as a way to fight against that. Therefore I don't buy the conspiracy theory of bitcoin being a trojan horse, since I fail to see how the elite benefits in any way from it.

That is of course what they knew you would think. Masterful their plan. They know very well, you could not possible conceive of them making Bitcoin and instead you want to believe that Satoshi Nakamoto is a real person. Lol. Larry Summers has a bellyache from laughing too much.

You bring some good points, but don't you think you are making big assumptions without knowing the actual truth? You are assuming that every country on the planet would agree to be part of that so called World Government, because you are assuming no country would benefit from leaving bitcoin free outside of their business. I claim this is not the case. There will always be some countries that find business into not being part of that World Government while being positive towards bitcoin. For example, I see countries like Switzerland becoming a place that will be very supportive of bitcoin. In fact, they are right now going on that direction:

https://www.sbb.ch/en/station-services/services/further-services/bitcoin.html

Simply put: No matter what, I don't see a global agreement ever happening. There will always be places that will let you host bitcoin nodes, and have financial privacy, therefore the network will always exist.

You also claim how the NSA has unlimited resources to track users, yet, according to leaked Snowden documents, NSA is on record saying how much they literally hate TOR. Now, we know that TOR is the work of the NSA/US intelligence itself, yet we have documents that prove they hate their own creation... this could be extrapolated to Bitcoin assuming that the conspiracy theory of Bitcoin being the work of the NSA (or any government agency you want to link it to). If that were to be true, then it could also be true that they hate their own creation because it got out of their hands and now they can't control it.

In any case, I still think Satoshi Nakamoto is not necessary a single person but a small group of crypto-anarchists/hackers, some of them might be current Bitcoin developers (Adam Back is credited in the whitepaper for example). I don't buy the conspiracy theory, but I will admit we can't fully know, just like we can't fully know how the universe was created, yet you seem to talk as if you know the truth when at the end of the day we are just having some fun speculating about it.

which is a very solid premise in as to why it is irrelevant if Bitcoin is or isn't work of the NSA, since the NSA created Tor, and now the NSA is on record privately hating Tor because they cannot control it and we know it thanks to the Snowden leaks, therefore, Bitcoin could end up the same way if the conspiracy of Satoshi = NSA or affiliates, would be real, which I very doubt so. I still think it was a group of Cryptographers, one of them being Adam Back which is credited in the whitepaper
1796  Bitcoin / Bitcoin Discussion / Re: A few lines of code... on: December 05, 2016, 04:09:11 PM
If we go to 8 mb blocks, wouldn't the size of the blockchain .dat file increase with 400%?
That would mean over 200gb for downloading the blockchain, which is prety asburd. Then more people will use online wallets that are less secure.

200GB is nothing.  Super fucking tiny.  The total size of the chain isn't at all important.  You only download it once.  You can buy 10 terabyte for very cheap.  So, 200GB is laughably small.

The real issue is passing 8MB around to all the nodes every ten minutes.  Some effects occur there.  No big deal.  Internet is freaking fast and getting freaking faster.  Netflix bandwidth load is >>>>>>> than bitcoin with 8MB.  

If we want people to be able to run a node behind a 1200 baud modem, then 8MB is problematic.  If we abandon those having 1200 baud and less, then the only reason to keep 1MB is to drive need for Blockstream's bullshit solutions.  

8MB blocks are very lightweight for nearly all modern systems.  

How is it not important even if you have to download it once one? It has to fit on your hard disk, so use your brain. 8MB blocks would mean the average computer user which has a 1TB hdd, wouldn't be able to run a node and since 8MB would get quickly filled again, people would demand more because you make them used to low onchain fees which is a mistake. The result is we end up with datacenters running nodes and no people runs nodes anymore, in other words we are fucked, stuck with a bitcoin run by corporations instead of people on their personal computers as it should be to be able to survive government control. The Blockstream conspiracy shit is so 2015, time to think for once.
1797  Bitcoin / Bitcoin Discussion / Re: India Bans Its Largest Fiat Currency Notes on: December 05, 2016, 04:03:44 PM
The war on cash is on full force. If anyone has kids here, your kids if they are small they will never see physical cash. In 18 years the war on cash will be complete and they will never see cash ever again. The only way out from that mess is bitcoin, too bad all those indians are clueless about bitcoin and are trapped in the government mess, not even gold can save them.
1798  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin is the best future currency? on: December 05, 2016, 03:58:40 PM
Bitcoin is the only cryptocurrency to survive for more than 7 years in a row, no other crypto will ever have this title on its belt because the only way to achieve that feat is to make a time machine and go back in time and invent it before bitcoin was invented which is impossible, therefore bitcoin will always be the most trusted, the most solid crypto in the planet.
1799  Economy / Speculation / Re: Speculation Rule: buy when others are irrationally pessimistic or too cautious on: November 27, 2016, 06:37:20 PM


Don't worry about whether Bitcoin is perfected yet. It is just time for it to go back to ATHs because there are finally major upgrades on the way. Buy rumor, then sell the news. Meaning you are buying the fact that crypto is progressing and not sell because of the realization it isn't perfect yet. The problems of crypto will get worked out over time via competition from altcoins and Bitcoin. Right now, the smart (early mover) money is selling altcoins to buy Bitcoin in anticipation of the big move up which appears to probably be finally upon us.

Then at ATHs next year, they will be selling BTC to buy into altcoins for the next wave of 10 - 100X gains on the serious altcoins.

Learn how the smart money is getting rich in crypto (trading between BTC and altcoins, and buying serious altcoin ICOs and holding for the 10X price rise). You need to first toss out your emotions and learn to think rationally.



Overall good calls.. for me the uptrend is clear. We have been on the way up since january 2015, where me and some others called an unique opportunity to get in at such low prices (BTC traded as low as 150ish during that crash). Of course and always ruling out potential "hacks" (which btw, over time seem to be less damaging to bitcoin because it absorbs the impact better), the uptrend is still there and there are positive stuff to look forward with the up and coming software upgrades. The problem of mining persists, but I am also positive about us seeing the situation improve:

https://www.youtube.com/watch?v=2-fUosBOu58

Therefore and given that there's no real competition right now, bitcoin remains the king of crypto and every time someone thinks about putting their wealth into some sort of void outside of the standard options, they will think about bitcoin. As banning carrying gold around becomes the norm and more people get aware on bitcoin, we will see an huge surge in marketcap.

Im also all about getting rich through altcoins during BTC corrections.. problem is, I see less and less "serious altcoins" popping. It seems to me like everything has been tried before, and it has always failed to get any traction. Do you see any ICO worth investing at? Most ICOs end up at lower prices than they sell for. Once it hits the market, instadumps always happen, then it's when you should actually consider buying, in hopes for a post-ICO pump that may or not happen, so it's a total gamble. Even "really serious" coins like ETH can end up in an endless mess and never get anywhere after they peak.

I feel like getting rich with an altcoin requires very precise movements and situations... like the ETH/ETC mess was a good one. Or when new concepts are introduced like back in the day with NXT (I think it was the first POS) or Blackcoin (afaik it was the birth of "hybrid mining" and people got hyped) + all that marketing they invested at, or when there's a big project like MAID that has not gotten any press, then it goes viral, explodes in price, and unfortunately keeps stagnating for ages again.. there's always a big risk of buying something that all it does is stagnate unless you sell it at a moderate price increase (if you get too greedy, you will miss the pump). It sucks since you get way less profits, but it's worse to end up with a bag of useless coins.

Then there's Litecoin and the "silver" psychological factor (which for me is it has the "original altcoin" aura about it too)... you may think right now by looking at the all time graph, it has bottomed and it's a good bet to buy a decent amount for a long term strategy of waiting for a BTC disturbance and hoping for another LTC pump, but you may see it stagnate in slow motion for many more months... and who knows. We have not seen it yet, but we may start seeing "famous" coins getting delisted if they stagnate coupled with no software updates.

I just don't see anything that makes me want to move a single BTC from my wallet. All horses have been already beaten. The smart contracts one, the "anonymous coins" one with the XMR viral news and the ZEC mess, MAID as far as I know still fails to deliver what they promised, then you have ETH with the constant hard forks, the STEEM thing which got pumped by famous crypto people and we all know what happened.. I see no good investment opportunities, not even for pump and dumping with a reason other than pure luck (for example 1Credit whatever that is, just got pumped the fuck out out of nowhere)
1800  Economy / Speculation / Re: voting: $750 in 1/12/2016? on: November 27, 2016, 05:25:38 PM
I voted yes, not that I know it will happen, I want it to happen, and the chances of happening and not happening are exactly the same... so I might as well vote what I want to happen.


Bitcoin can go up and down 50 dollars in no time, so it's perfectly possible that for whatever reason a pump happens on that day. Sooner or later it will happen, so why not that day?
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