Yes, when fucking stupid FIAT from hell gets buried, BTC is 5 million a piece, then at least i'll be free, I dont know about dumb anti BTC haters tho, they will probably cry with their dollars at night.
Freedom doesn't mean financial freedom alone.  Freedom usually has nothing to do with money. It usually has to do more with people being able to think and speak their own opinion without the fear of being coerced by the government. Correct. The Arabs are rich with oil money. They aren't looked upon as a free society. |
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Early majority.
There is a sizeable population of educated, computer savvy people in the developing world, who haven't heard of bitcoin.
They will be the next phase.
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Yes we are certainly on that nice phase were boat missers get to buy some cheap BTC, but make no mistake, this phase of tranquility may take longer than some would like to believe. I am OK with it tho, that just gives me more time to stack a nice little amount of BTCs.
The price does seem to be relatively stable now, but then the move up begins, I think it is going to be very, very quick. |
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Governments could be uncomfortable about losing their hold over the money supply. They may not be prepared to ban bitcoin, but they would love to see it fail. |
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Market moves 4 - 5 times slower than in 2013. Back then it took 4 - 5 months from the bottom to the mania phase.
It looks like the next bubble will enter it's mania phase 16 - 25 months after the bottom (which IMO is still to come).
That would align well with the block reward halving in the second half of 2016.
Not many will have the patience to wait till mid-2016. We may see a few drops in price before that. |
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The problem with this is 99% percentes, aka most average joes can't really risk their FIAT to buy stuff with BTC.
Where is the risk in buying stuff with Bitcoins? Of course, you will have to shop at established sites. |
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But what will happen to altcoins? I dont think it would be possible for altcions to "follow" btc like they used to before, because now there are so many out there it would take great amounts of money for them to follow BTC. So when btc takes off some of you say, what will happen to the rest. Granted it wouldnt take alot to boost the coins with a small market cap but I still think they will be abandoned.
There are quite a few who would not agree that btc will eventually "rise" |
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Thanks! Will go through it. |
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Would this be the first time that bitcoin has lost value in a calendar year?
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I recently invested 0.01% of my life savings into bitcoin and still have more bitcoin than 99.99% of all bitcoin holders.
Poor people make me angry!
What would be the average bitcoin holding (excluding Satoshi's stash)? |
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LOL: This doesn't make sense. Worldwide regulation would need insane amounts of effort and collaboration, is just unrealistic.
[/quote
You could have just a few of the large countries getting together and doing it. That would capture a majority of the tax revenues. |
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USD and EUR = FUBAR in 2050
This, do the math and check at the graphs. By the time 2050 arrives, € and $ will be so devaluated that it will be fucking pointless to own any of it. Now, Asia money will take the lead, and smart people will have put at least half of their assets in BTC. You'll be able to at least buy a small flat with 1 BTC by then. I disagree with this. Yes inflation will eat away at the value of both the euro and the dollar, but people do not hold onto cash for 30 plus years as an investment. If you hold Bitcoin for 30 years the amount of shit you'll be able to buy with only 1 BTC will give you a brain aneurism. During this time you will also have your money tied up and would be unable to spend it. You need to take into consideration the cost of having your money tied in up bitcoin during this time. Whats the problem? you can buy with BTC directly, it will be accepted worth wide, no need to "cash out" I would say the problem is that you can not spend this bitcoin on things like a car or any other goods/services that you would otherwise want to buy while you are waiting for the price to appreciate over this 30 year period. I am waiting for the day BTC-denominated investments are easily available. Then just put your bitcoins into a low-risk instrument for 30 years. |
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The more merchants = more btc flowing = stronger economy.
Price will increase if demand increases more than supply. To make that happen, people has to be interested to buy bitcoin for whatever reason. It may be for privacy, it may be to save in a non inflationary currency, it may be because there are merchants willing to sell their products for a discount with bitcoins... So yes, it's essential that more merchant accept them, but that's just one of the reasons to want to have bitcoins. The main reason why investors and speculators are buying bitcoin is because they are hoping that a lot of consumers will eventually buy it for the purpose of spending it on goods and services. This is ultimately what will be the demand for bitcoin in the long run (if it is to be successful). Bitcoin is not an income generating asset so investors will buy it for no reason other then hoping for price appreciation, however if the only reason anyone buys an asset is because they hope the price will increase then it is nothing more then a bubble. We need bitcoin banks, to get interest on our bitcoins.  |
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47% of people in the US do not pay any federal income taxes. This is the bottom of the barrel when it comes to incomes. If you want to talk about people needing to pay their fair share of income taxes then how is it fair that the lazy do not have to pay any taxes while the hardworking and successful need to pay upwards of 1/3 of their income in taxes.
Because they earn so little (or nothing) to begin with. If you took money from them in tax, you'd just end up spending that same money back on them in social programs anyway. You do take away money from them...in the form of sales tax and other indirect taxes. |
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It's over. T-Bond buying by the rest of the world was central to the scheme. First, EU stopped* buying in 1999. PRC stepped in then, probably just to build themselves an 'economic nuke' (imagine a fat red button with written 'accelerate the destruction of the house of cards that is the US economy'). Then they stopped* too, in 2007. Now the USG/FED are buying by themselves (make no sense, right?) to stimulate the american public (small investors) into buying. It is a trap. They are 'externalizing' the collapse to the small saver! GTFO of the US stock markets FUCKING NOW!
*When i say 'stopped buying', i really mean 'slowed down the buying'. It's all about flow, gents.
A decline in US stocks would probably drag the rest of the world down with it. As they say, when America sneezes, the rest of the world catches a cold. |
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I agree with the 'can't buy knowledge' part. Internet has made the cost of most knowledge almost free or next to nothing, something that people in the pre-internet era couldn't dream of. Hopefully these large amounts of knowledge available can bring some quality changes.
Free knowledge mostly benefit 3rd world. But that is causing havoc back in the 1st world country as most resources went into research and development, and now being given away for free. You are wrong, 3rd world has no internet or is highly filtered. Smart phone is actually very popular in 3rd world country. And they do have high speed internet service. Most 3rd world countries are still several years behind the rest of the world in terms of smart phone availability as well as cell network performance. You don't need a top of the line smart phone to utilize bitcoin. The blockchain.info app could be used on the 1st generation iphone or most android phones that are several generations old. That is correct. Read an article a few days back about how mozilla phones could increase bitcoin adoption in the developing world. http://www.cryptocoinsnews.com/news/low-cost-firefox-phones-could-bring-bitcoin-developing-world/2014/09/02 |
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Apple should use bitcoin for this instead, it would be better...
that is completely against everything that apple is about. they like to control everything and forcefeed you what you like or don't like.. plus you can make more money that way. Not quite, they usually pick a thing that already exists but wasn't a success, or at least not yet, rebrand it and add a bitten apple logo to it. Then they let the fanboys do their magic... Not to mention jack up the price to unbelievable levels. |
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Yes, when fucking stupid FIAT from hell gets buried, BTC is 5 million a piece, then at least i'll be free, I dont know about dumb anti BTC haters tho, they will probably cry with their dollars at night.
Freedom doesn't mean financial freedom alone. |
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Are there any online courses on Bitcoin?
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The algorithm is a triumph in mathematics
I like that quote!!
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