I must agree with the OP. As the price continues to drop, I continue to bail the F out... of fiat!   So, your strategy is to continually buy into a losing position, compounding the rate of loss each time? Yes, good pic of what you are doing with your money indeed. The ones who are buying and holding now will be trillionaires shortly |
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The US cannot follow their decision unless they want to be perceived as oppressive as China.
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Hey guys the method is as follows:
Buy low
Sell high
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Why would anyone want fake traffic?
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We are all satoshi. If you have contributed to the community you have built Bitcoin
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This is my pessimistic forecast and I am a bear btw
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2020 - A Satoshi is worth $2
Consumers browse Amazon using virtual reality headsets. They pay in Bitcoin. The product is 3D printed while they continue to browse.
2050 - A Satoshi is worth $2.50 and has gained stability. Transactions within the moon colony are only conducted in Bitcoin, which is the primary form of payment for purchases in space.
2070 - A Satoshi is worth about a pint of beer. There are no other currencies in existence.
2090 - The earth has been destroyed by an asteroid. Aliens make contact with the moon colony to learn about Bitcoin.
3050 - Bitcoin is standard form of payment in our galaxy and has ended inflation, recessions and wars.
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Good or bad news. Is good news for bitcoin to spread awareness at this point.
Bitcoin has awareness. Even my Dad had heard about it. Bitcoin now needs to get people interested in Bitcoin, and not just aware of it. |
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The real people who hurt bitcoin are hoarders who never spend it
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When 200K bitcoins will be dumped on bitstamp for fiat, with the current order book the price will indeed be zero:  They wont be dumped on Stamp for fiat.... That's making the assumption that the people selling are willing to take any price for their btc no? What is going to happen is that the price will drop a bit. Everyone will snap up the coins for a cheaper price, establishing huge levels of support. Price is back to pre-liquidation levels within 1 month. |
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If we really want micropayments to work with bitcoin,
But who does really want micropayments with Bitcoin? Not full nodes, who have to deal with increased bandwidth and storage requirements. Not miners, who have to deal with a higher orphan rate when mining large blocks. The only people who want microtransactions are the ones who want to consume other people's resources without paying for them, ie, freeloading scum. Bitcoin ain't a charity. You want to make transactions, you got to pay the fee. If your transaction is very small in comparison to the fee, that's too damn bad, you got to pay it anyway. Bitcoin is not suitable for microtransactions, never was, never will be.Yeah it's companies that want to charge for microtransactions, not freeloaders. |
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Is it possible for a fiat currency to backed by Bitcoin?
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I am panic buying!!!!!!!!!!!!!1
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I presume you're an analysis; if you are, I'm a millionaire  Just giving back to the community |
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nice analysis Blatchcorn No problem |
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2014 is one entire bear trap. We will witness in December a spike that dwarfs the last one to just a tiny bump on the charts.
Depends on your perspective. How was it "one entire bear trap" to sell at 995 in January and buy back more than twice as many coins at several points following 2014?
Your position probably is: hold now, or regret it later when we make a new ATH. A competent trader's response would be: why does being short now have to be mutually exclusive with profiting from another ATH rally in the future? That would be profiting from the bear trap, aka avoiding the bear trap by re-buying when it is low. It still is a bear trap in the sense that weak hands have sold off their coins they bought in January and will miss out on the spike this September to $350k. |
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At least $350,000 by September
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Still not banned
how about now? ... ..thought not! I can verify that Bitcoin is not banned in China |
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