I read someone claim the last controversial ETF took seven years. It might be a couple years from now, or it could even occur in 2017. I could see them fast tracking it if the post-halving charts don't look like a completely ridiculous pump and dump going from like $500 to $10,000 and back to $1000 again. People would think that's kind of suspicious. If it went from $500 to $3200 then back to $1600, they would consider that OK and just price discovery/growing market.
Well said, could you please also answer the first two questions in the last post of mine. I know I ask a lot  but I enjoy learning from you. |
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1. I'm confussed now, is BTC a commiditoy or an assest ? And how do the centeral banks view it ?
I view Bitcoin 100% as a currency and not commodity. Europe recognizes it as such. The US govt claims it's a commodity. Whatever they classify it as might be entirely motivated by existing taxation structure, so it's kind of irrelevant what random bureaucrats say. If you try to look at it from an angle claiming that Bitcoin can't handle micro-transactions so that makes it a commodity, this is false. All that means is it's a network for wealthy people to place large value transactions and people living in poverty will be priced out. Having said that, I estimate you only need around 8MB blocks for Bitcoin to be utilized and spread by the middle/upper middle class of 1st world nations as a checkbook type device for large value transactions. 3.2MB blocks + payment channels might give you the equivalent or higher of 8MB blocks, and that happens in the very near future. We don't need every poor person in the world to use Bitcoin for it to have value. People who have lots of money are the prime benefactors of Bitcoin because they have the most to lose when the bankers have a bank holiday and freeze their accounts for withdrawal. 2. Do you want to say that the new normal for the central banks will be is buying BTC ? If yes, kindly elaborte more about it.
I think once the next Bitcoin bubble occurs, banks and ETFs will be forced into the market, and they'll pump Bitcoin way higher on top of the large gains it already makes. The Winklevoss are some of the most cunning whales in this game having an ETF planned before the thing even got off the ground. People like Max Keiser and Rpietila just bought early and that's about it. Winklevoss bought and built the framework on top of that for it to explode to obscene levels. Well said, thanks bro  - When do you think we will platu, in other words, fireworks begin and the new era begins ? - Could you please as well break down by a timeline from your view about about the coming phases of Bitcoin, e.g. End of 2016 - Bitcoin is prepared from something 2017 - Mid 2018 - Start of instutional investors merging and so on. Edit 1 : - When do you expect to see the COIN ETF ? |
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JayJuanGee, I'm going to need you to stop eating MSG filled hotpockets in the basement. If you don't know that the price will be over $500 on the day of the halving, then you don't understand these markets.
Did you notice my quote buddy ? |
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Hey Fakhoury ... how come no recent thread updates? I miss them... this is one of my favorite threads to read! Always brings a smile to my face.
Thanks for starting it buddy!
My dear buddy Hacknoid It made me extremely happy to see you passing by our thread and leaving your cheerful comment. You always makes me happy my friend. I will post news so soon, most probably tomorrow, stay tuned, as always  |
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I wonder if the low level, Jewish banker foot soldiers in this thread know what happens soon. Central banks of every country load up the balance sheet to absurd proportions. Once you reach levels like this, the country is basically fascist or communist by definition when the state owns all business and means of production. There's no way back once you reach a point like this. What happens next is, the civilization is imploded just like the USSR was and all assets of the state are sold off to the oligarchs for pennies. The people benefiting from the carpet baggetry aren't the low level Jews like the ones constantly spamming this thread, you're basically just useful idiots in that regard. People like Blythe Masters probably don't even benefit. Just the overlord, kingpin Jews like Soros run off with ownership of everything (until a nationalist somewhere like in Japan, China, or the US notices what they're doing and starts WW3 and kills them all). Assuming everyone doesn't die in a nuclear holocaust, Bitcoin and metals should be the only things usable as currencies to survive this, so you low level, Zionist banker shill foot soldiers might be able to act as carpet baggers on a micro level and scoop up some McMansions or a golf course by owning a few BTC, the very asset you're paid to shill against.  Agree with you like usual r0ach. But I've a few questions regarding the above graph you've put a comment on, 1. I'm confussed now, is BTC a commiditoy or an assest ? And how do the centeral banks view it ? 2. Do you want to say that the new normal for the central banks will be is buying BTC ? If yes, kindly elaborte more about it. Thanks my friend |
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Well said buddy, you are one of the few bulls who I enjoy reading for. The CW shit is dealt as a common enemy and we as a community showed a great example of unity. This summer is exciting in terms of halving, the ecosystem developments, Euro 2016  We ain't seen nothing yet !! |
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You probably should not expect klee will always post his latest analysis on this thread. Why not join CryptXO on Slack?
I agree brother, I totally forgot about the slack channel. I'm not looking for trading tips, I just want to hear klee's opinion after we fnished the CW drama. I would like to hear your opnion as well please about the current up leg we are facing. Side note : Sorry klee if I'm hijacking your thread buddy. |
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What are your latest updates my friend ? Bearish or Bullish ?
Looks like another run against the 465-475 resistance. It's gonna get really crazy if we pass 480. I don't believe, that the 504$ top of november is of any resistance for the price movement. 2 months before halving everything is bullish. Yeah, I know that you meant Klee with your question.. Believe it or not buddy, I just told myself to act rude on you by stating that it's not of your business and I'm questioning Klee and not you but you read my mind, bravo As far as you are friendly and bullish, you are always welcomed from my side my (friend) What you said makes sense and I see that the CW BS is over and I guess that we will break the $475 resistance. What do you think ? Are starting a pre-halving rally or a false start ? |
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What are your latest updates my friend ? Bearish or Bullish ?
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Hmmm... something familiar looking about this....
Deja Vu or this supports what we both trying to stress on (incoming rally) ? Looks an awful lot like the "false starts" we had before the previous rallies. Can't agree more, but I saw something, I don't know you saw it also or not, will we doom from 2011-2012 peak or have a what we can say (mild) doom like the one in 2013-2014 ? |
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Hmmm... something familiar looking about this....  Deja Vu or this supports what we both trying to stress on (incoming rally) ? |
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“...if a large amount of people want to hold their wealth in the form of bitcoin, JPMorgan will attempt to provide them with that service.”
Could you share please the source of this quote. On a side note, I'm extremely happy for you and your topic, as I said before, it's a real gem, but PLEASE, be more bullish man |
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Quite an overreaction for some irrelevant news...
Sad but true. |
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Guys, to be ultra sure that we in the right track and what happened today is most likely an epic scam, check the amount of the new threads created by a throwaway accounts (NLC accounts) stating that it's game over and such BS.
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400 before
4000 after (4 months after the halving)
Why $4K in exact, I'm not against it and both of us permabulls, but why $4K in exact, why not $5K for example ? |
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Is there any ETA you are aware of my friend about payment channels and Schnorr sigs ?
Payment channels - soon Schnorr - nobody knows Some people believe there's benefit in the ability to do 2 of 2 ed25519/secp256k1 multisig transactions to try and bulletproof wallet security, so I'm not really sure all the implications there. To be honest, I didn't didn't dig into those two features you've just mentioned. But what caught me is "bulletproof" the wallets and I think this is extremely important. Don't forget after we successfully finish the block size debate, there are more to come, anon., security and ... etc. |
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Thanks for above answer buddy.
I've just saw your ZH article submission to r/bitcoin, I see this insanly bullish.
Why ? Because wealthy people will seek safe heavens more than ever and Bitcoin welcomes them as a reiable choice.
What do you think ?
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Is there any ETA you are aware of my friend about payment channels and Schnorr sigs ?
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