Well, I agree to a certain extent, we need an increasing usage in order to attract new merchants and spread the word in general! Bitcoin needs to be used more! BUT: Many people claim that an increased spending of Bitcoin will push the price down, because most merchants are using services like BitPay that immediately convert the BTC to FIAT again...
Bitcoin price recently has tried more than three times to break out but all failed, this showing the general market think bitcoin is over-price & over-value & should go down
If we don't go up soon then some big dumps can be expected, just like the last long sideways which crashed after failed to touch $620
This time bitcoin is going to flash crash down to $1xx - $2xx, however back up again is possible in the long term (may be 2016-2017)
Winklevoss ETF will actually be shot down
GABI is already priced in
Dubai exchange won't create any thing new
Let's talk straight:
Bitcoin has tried it's best to break out but all failed, people are getting out and no one with a college degree will invest any serious sums into bitcoin after MTGOX fiasco,
The market is currently only a playground for gamblers and fanatics
Bitcoin is just like a ponzie pyramid schame today, your fund invested in bitcoin are vanishing because early adopters / merchants are selling / spending / cashing out them very hard (you saw all those " xxx accepted bitcoin" news, most bitcoins accepted are sold right away means your fund has been transferred to the merchants,Convert fiat to bitcoin -> use bitcoin to pay merchant -> merchant convert bitcoin back to fiat),
Only who bought lower than you will sell/use the coins, same as you want more people to buy the price higher than your bought price so you can grab their money and get rich just like a ponzie schame.
The question is people are getting out, no one is buying your coins, what you left at the end are worthless digital numbers
TROLLING 101: Lesson-1: Quoting yourself |
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I know a guy who bought a Pizza once ... it cost him $5M  |
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Hodling =>
Low volume, slow merchant adoption, looks like a ponzi scheme from the outside. How do we want any type of credibility from the joes'?!
Be honnest, you are buying bitcoins to get rich. Who ever spent a satochi to book his next travel on expedia?!
I did ..
Aren't you aware of the wealth storage role of money? This^ The "average joe" most likely won't ever use BTC and that's fine. Another crypto will fill the role of daily use. Bitcoin will serve the role of reserve crypto asset, maybe even used by nations to transfer wealth globally. We don't need the "average joe". So If I own a few BTC I potentially own a significant share of a nations wealth  |
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The rally won't come before 80% has become bored and no longer thinks about Bitcoin's price. That's when we hit bottom.
We will have hit bottom when failllling stops posting  |
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Fallling is right, I should have listened to him and sell when high  Sell when high hahahahaha..... Buy low, sell high is the most useless advice since you never know when it's low or high. In 3 months you will probably be bashing your head in why you didn't buy $500 coins when the price goes to $1k. If that happens remember this "Buy when low" .... |
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Hodling =>
Low volume, slow merchant adoption, looks like a ponzi scheme from the outside. How do we want any type of credibility from the joes'?!
Be honnest, you are buying bitcoins to get rich. Who ever spent a satochi to book his next travel on expedia?!
I did ..
get rich quick dream won't work, people is getting out of bitcoin and bitcoin is going down, don't be the last bags holder Faillling FUD ....  |
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Bitcoin price recently has tried more than three times to break out but all failed, this showing the general market think bitcoin is over-price & over-value & should go down
If we don't go up soon then some big dumps can be expected, just like the last long sideways which crashed after failed to touch $620
This time bitcoin is going to flash crash down to $1xx - $2xx, however back up again is possible in the long term (may be 2016-2017)
Winklevoss ETF will actually be shot down
GABI is already priced in
Dubai exchange won't create any thing new
Let's talk straight:
Bitcoin has tried it's best to break out but all failed, people are getting out and no one with a college degree will invest any serious sums into bitcoin after MTGOX fiasco,
The market is currently only a playground for gamblers and fanatics
Why will Winklevoss EFT get shot down? How do you know GABI is already priced in? Why won't Dubai exchange create a new thing? Are you a time traveler or are you talking out of your ass again? Let's talk straight It has also refused to get killed off by your FUD for thousands of times. |
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2014, the year of bitcoin!  As seen before a lot can happen in only 30 days.... so you never know maybe 2014 will drive the price to $10k or $10 (lets hope the first  ). |
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I started trading ... fun new hobby Sell 517, buy 510? Yep that's 0.8% profit right there |
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What's a buble? |
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I started trading ... fun new hobby |
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2014 = SHIT year for bitcoin, sorry but I've said it over and over again and it's true
The good news? There will be better years... lol at people who keep saying 2014 is "the year of bitcoin" haha
2014 has been a good year for bitcoin. Maybe not for the price but let's look back for a moment. - Survived 400+ China Bans - Survived MtGOX exchange disaster - Survived SilkRoad hack and auction - ATMs launched - Big retailer adoption - etc. Bitcoin has shown that it is not a Tulip Craze. We will probably get better years but we now know Bitcoin is a sound investment with moderate risk (not high as previously). |
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If he wants his own thread then give the dude/dudette his/her own dedicated thread. Depending on the content quality it will be at the top or bottom of the active thread list |
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Yep the market may just be shaking off weak hands before prices increase once again  or falllings prediction may come true if fallling prediction will be true again, than it mean only one thing, fallling is a whales that is manipulating the market He is probably the minion of some whale that wants to get in. Or he is a cunning bastard with a plan to drop bitcoin so low that the cascading upsurge will create a new ATH beyond your wildest dreams. or he's perma-butthurt from selling his $1214 coins at $500 |
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Quote this "You will never get rich quick enough"  |
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Another way of looking at this is that because everyone knows it's going to happen beginning way back in 2009 and when, then the entire price rise from then until now should be a smooth linear rise. That clearly isn't the case. It's been punctuated by ramps and crashes with long periods of consolidation in between.
Point being, somewhere around the next halving, volatility is going to increase.
If the price do not double, then half of the network hash rate going to disappear over the weeks as the inefficient miners can not even cover the electricity cost. Since people have mining contracts they can't just stop.... Hopefully supply will stagnate and price will rise due to scaricity |
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Except it WAS a get rich quick scheme if you got in early 2013 or before and held on til November 2013.... what other opportunity did we have to see that much of a return? If I put in $10K in Jan 2013 I could have been pretty "rich" by November and 10 months to become rich is hella quick
We just got unlucky and may have to wait several years before we see that type of traction again
Rich is relative. Your scenario would barely afford a shithole house around these parts. For others, they'd be set for life. Set for life is also relative. Look up what Hammer-Time means nowadays If I can buy my shithole house and don't have to pay mortgage then I am a happy person. Ofcourse it would be more fun to own a G650 private jet and travel the planet.... |
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Bitshares X on a crazy pump, almost $ 100,000,000 marketcap
Meanwhile expecting another btc dump, 6-12h macD look pretty disastrous
Stochastic RSI on daily range looks negative aswell. Indicators say we will have a minor upsurge in the oncomming hours in the daily downtrend. |
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The question is, is is fair to compare USD to Zimbabwe when US still have the strongest military in the world.
It is the strongest military today because it is paid for with higher and higher debt that cannot be maintained. The dollar is a liability backed solely by the military which exists solely because countries are willing to borrow our dollars. When that stops it all comes falling down. Hard to stop something as gigantic as US. Not saying it will not decay over time. But I do not see it falling down during our life time. Why not? If they decouple oil from the dollar tomorrow the US is dead pretty quickly. If all countries want their gold from the federal reserve and find out there gold no longer exists the US will lose all credibility and be dead. Military power is a nice thing to have but it costs money and printing more won't help you. Even patriotic pro US soldiers want to get paid. |
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