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I must admit, it concerns me to see so many bulls. On the one hand, most people can't be right. On the other hand, speculators set the price. Fact is that TA indicates a rally and it could happen once in the history of Bitcoin that most speculators anticipate the rally successfully before it begins. A funny twist would be that although there are bullish news all over the place and everyone expects the next big rise, the price remains the same for a longer period.
Right now the volume has been decreasing for the past days so a periodic breakout might occur during this weekend bringing us to 700. From the manipulators' point of view, it would be wise to hold the bubble back as long as possible and then suddenly buy the fuck in, causing panic all over the place. We might be experiencing such an effect right now.
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We're right at 652$, recovered 50% from the crash. Do you think it's a dead cat bounce?
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I would buy some gold with my bitcoins but I am not willing to take the risk of getting some tungsten with a layer of gold on the outside.
I would cash out into government money but why would I want to hold a currency that is on the hook for over $70 trillion in debt.
So...even if I did not want to hold, there is nothing else worthy of holding in its place.
speaking of that debt. Let's say they pay off their debt by printing 70 trillion dollars. With the current value of bitcoin, what would be the price of one bitcoin then? There was approximately $1.28 trillion in circulation as of May 14, 2014, of which $1.23 trillion was in Federal Reserve notes. So to answer my own question, if they printed all the debt and paid it off, the value of a dollar would decrease only ~70 times. With the current value of bitcoin, one bitcoin would then costs $44660. Why wouldn't they pay off all their national debt by just printing it? It actually seems pretty clever idea. |
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Here's my advice: GO ALL IN Don't pussy foot it around, you are already late. Making 200$ profit is lame, 2k is lame too. Here's your lifetime opportunity to make a shit load of wealth, don't just test it to see if it really works, you will not get another chance. Paper money has always been worthless, start with that basic knowledge. BE THE OPPORTUNISTIC DOG:  Take a student loan if you must. Anything that is not too hard-core to get you in jail. If it all fails you should not have your life or freedom at risk but everything else if needed. "keeping an eye on the price" is a shit excuse for not buying. But I must admit, I waited 2 months before I bought my first bitcoins at the price of 4.5$ each. And I regretted for not buying when they were 4. Now my friends consider me the most successful high risk investor in my puny little frog pool country. But then again, one should only give advice when asked. no one asked me and if they did I'd say "you're on your own"  |
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also 66 9 is pretty much 666 as 9 is upside down 6 |
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I always laugh when people say they would have bought in 2 years ago because prices back then were much smaller than today and they don't buy in right now because prices are too high  . Why is it so hard to understand that 2 years ago there was as much FUD as there is now and they would have said the same thing and compared 10$ price to 1$ price , wishing they knew about bitcoin in 2010 because 1$ was much smaller price than 10$ |
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they would tax crap if they could...
in fact they probably already do
They would probably make sex illegal if they could. But they can't, so it isn't. |
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Here we go again, who awoke the beast?
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Next stop 6666$ |
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I suspect that this time it won't hold to 666 it goes straight past it to new ATHs |
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What happened to the weekend dips? Is it just me or is the rise accelerating? |
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so did the 650 resistance got broken?
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Let's see if it still holds |
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I used it today, it seemed to work, although it could have been done much better. They still have some bugs in their graphical user interface. Also, their inter-customer transactions should have no fee. It's sort of weird that they make a new bitcoin transaction when one customer sends bitcoins to the other one within the borders of their system.
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I despise nextcoin because they say "this cannot be done".
WTF? Can anyone make sense of this nonsense? Relax Eadeqa. Let him explain what he means. I read this part of the OP's post: when asked: "How would you solve problem with scam accusations according to "unfair" distribution NXT to 73 big stakeholders?", BCNext answered: "This problem can not be solved. Even if we had a million stakeholders the rest seven billion people would call this unfair. A world with the money can not be perfect".[1]So that's their excuse for making a scam coin. This is why a PoW hybrid could be seen a more viable option. Alternatively I'd suggest making a PoS coin that makes use of PoB instead of PoW, having PoB stand for Proof of Burn and tied to some existing cool coin such as Bitcoin itself. So just about anyone could generate the stake by destroying some Bitcoins. Then there would never be a scam accusations yet the coin would be 100% PoS. God, I should make my own coin, I'm so smart with all these clever ideas . |
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I despise nextcoin because they say "this cannot be done". People who say things such as something cannot be done are moron idiots and proven to be wrong in the future all the times. what a pathetic excuse to for the creation of a scamcoin. Peercoin is the only PoS coin that deserves attention and respect. Others are just shady clones. You could as well as make a similar topic and allow voting between BitCoin and DogeCoin, asking which one is better by their PoW algorithm |
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1. It is currently trading higher than litecoin
2. It rose over a thousand percent in the past 2 months.
3. It is only a couple months old (in IPO rally mode)
4. It has 2 million coins instamined
5. It forked the other day and masternodes had to be taken down, so it's fundamentals are even being called into question.
I'll let you decide...
Thanks, I was not aware of these but that's all I needed to hear. |
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Should I diversify to darkcoin or is it rather all buzz as it was with AuroraCoin for example? They are technically very different of course but would dark coin in any way be superior to all the others?
Darkcoin uses a new chained hashing algorithm approach, with many new scientific hashing algorithms for the proof-of-work.
Had they implemented Proof of Stake hybrid instead of purely PoW I'd believe in them but right now they don't seem very superior. A superior coin would be PeerCoin with anonymous transactions. Can PeerCoin be upgraded for that? If so then I'd say DarkCoin is not going to rule them all.
What say you?
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Maybe, maybe not. You'd think that after the 2011 and 2013 bubbles, and the fact that BTC is still near $600 apiece, this would already be the case. But, here we are.  I think we're dangerously close to the time when everyone starts thinking "What if Bitcoin will continue its pattern of conquering new highs periodically?" as there are now 3 solid examples. Then, people will buy in even at high prices thinking that it will probably go even higher. I'm somewhat scared by this scenario, because it sure would disrupt the stability of the whole world. If fat, rich and lazy suddenly get poor, they get angry. In any case, there will be losers and the wrath of those losers may damage my well being. |
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