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It may not cause another bubble, but it could certainly push us above the ATH of $1200.
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Bitcoin didn't die when Satoshi quit development. |
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Prior to the November rally last year, BTC price was floating around $100, which is around 38% of the $266 ATH. Right now the price is about $450, which is 37.5% of the current $1200 ATH. It seems like $450 is the price we're gonna settle at till the next upwards push. If the Chinese do dump most of their coins, we could see a flash crash followed by a quick recovery back to the $400s.
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$266 is April ATH
Today is April 5th, did you know that $469 - $266 is $203? How dare you criticize cosmofly? Don't you know he's always right?  |
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I turned the big half century mark on my last bday...it's now just a number...but fwiw now I understand why women would lie about their age. I used to always think that was stupid. Now I get it...you wake up that 50 morning and go WTF just happened, I'm not 50, fuck that. I'm 30 something. I look 30 something. I wear 30 something clothes!!! I AM NOT THIS OLD!!  Because I spent my whole life calling 40-50 year olds "old people" so now the crow...it does not taste like chicken. I still feel 30 something but no longer hook up with 20 somethings since now it just feels like babysitting. Fun for a little bit but then it gets exhausting and I gotta send em back to their mammas I'm glad there are older ones here too. You could be the first Bitcoin grandma. |
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I think they should be banned, but it may not be feasible for the mods, who would have to sift through ratings and try to determine the legitimate feedbacks from the spammy ones. It shouldn't be too hard for us to go through the feedback of people we want to deal with unless they have tons of phony feedback.
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Guys it's going to be game over soon. I just read an article explaining how bitcoin is going to reach negative values and bagholders are going to have to pay people to take bitcoins off their hands: http://finance.yahoo.com/blogs/talking-numbers/this-could-be-the-end-of-the-bitcoin-era-220746326.htmlFirst people were dumping their ASICs and now this. Oh what shall we do?  On a more serious note, it's no surprise that next-gen mining hardware will make the previous generation obsolete. Some of those people buying these unprofitable ASICs probably don't pay for electricity, and may yet see an ROI. |
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The names "Honey Boo Boo", "Joe Blow", "Edith Bunker", "Rose Nylund", "Anna Nichole Smith", "Jessica Simpson", "Ann Coulter", "Sarah Palin", "Kim Kardashian", and "your grandma" were all used examples of average people. This is obvious from context even if you don't bother to search for any of these names on the internet.
So this Honey Boo Boo is an example of the average people in America? Good to know |
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I don't think it really matters long term if you buy today or Monday. Most of us thought that BTC would crash when SR was shutdown, but it did the exact opposite.
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Working perfectly for me
It's still not working for me unless I use a proxy. Anyone else getting this problem? |
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Fail. Your post is not balanced. If you rewrite with this in the first paragraph then it will be better and more people will read it: Denmark has declared you can trade BTC and pay no taxes on the profits.ps. You do not need to use bold or blue. The most balanced approach would be to list both the good and bad points and make an analysis based on that. |
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Looks like Houbi is down right now. I'm getting a 404 error.
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I'd suggest they read about bitcoin, then ask any questions they have, then read again, and have someone walk them through how to use and secure bitcoin. Even then BTC may not be suitable at this stage for laymen. It's probably for the best too, as they might end up losing them, and lead to more negative publicity.
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You don't know who your BTC is going to when you are buying and selling on exchange. They can easily get the majority it from exchanges over time without telling anyone. The Bitcoin protocol can indeed be changed to create infinite Bitcoins if Gavin and the team choose to do so.
Sure the BTC devs can change the protocol to create infinite BTC, but they won't be able to force people to adopt such an update. Bitcoin is open source and I'm sure other programmers delicately scrutinize any updates. You're correct that anyone can buy BTC on the exchanges, but it's not a suitable medium to purchase large enough quantities to make you a majority holder. Prices would go up as they buy essentially creating another bubble. Even if the banks came to own most of the existing BTC, they would be at a huge risk because people could abandon it for another crypto, essentially making them bagholders. |
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Looks like it's going to hit $480 first. I think if it hits $420 for a third time then we may break $400.
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When I look at BTC I see innovation. I see a technology that allows me to be my own bank instead of making crooked banks wealthier. Take a look at the top 6 profitable public companies in Canada: 1 Royal Bank of Canada 2 Bank of Nova Scotia 3 Toronto-Dominion Bank 4 Bank of Montreal 5 Imperial Oil 6 Canadian Imperial Bank of Congress *source: http://en.wikipedia.org/wiki/List_of_largest_public_companies_in_Canada_by_profitNotice that 5 of them are banks. I'm sure the pattern is similar for many other countries. It's not really surprising, given that they make money out of nothing basically. You mentioned that eventually the banks will take over BTC. They would have to buy them off of us to get them. Banks wouldn't be able to operate like they are right now using BTC unless they built an additional centralized layer on top of it. The blockchain is an open ledger that anyone can access, so they can't create endless BTC like they can do with fiat. I realize that the days of throwing a few hundred dollars into BTC and becoming rich are over, but there's still a lot of room for growth and improvement. |
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I'm in  Addy: 13uCKdZwBppuCdvH6XuWENGGAo4v4JN4KF Posts: 443 |
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Hi all, I'm looking for people that will help me establish a Bitcoin education and exchange system for the Arab world.
I feel as if we are responsible for establishing a working system. I have a Saudi Arabian passport, but I grew up in the U.S.
We have to deal with three broad issues:
1- Education
2- Safe Mode of Entry (Bitcoin Exchange)
3- Legality and Legitimacy
Legitimacy is important if you want BTC to enter the MENA region, due to several factors that you should be familiar with. The media portrays BTC as a preferable currency for gamblers and illegal activity, and influential people there may likely respond negatively towards BTC because of that. Of course fiat is used for those purposes on a grander scale, but most people will go by what they hear in the media. Have you made any content in Arabic yet? |
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Current situation of the HODLers: Will the leopard HODL his dinner or will it fall to the hyenas?
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'I can't tell' is the correct answer. Alas, it has the fewest votes.
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