|
Not seen a shred of proof that Willy was fake anywhere yet..perhaps someone could point it out for me.
|
|
|
|
Some really good insights, there. Rosy to the point of delusion, but the analysis itself isn't all bad. Do you really think the capital markets are going to bite -- especially in a more aggregated/institutionalized market these days... most people are invested by means of mutual funds rather than screwing around with E-Trade accounts and the big money, even if they think it is a good idea, might be scared of being that guy. I don't know... seems waaaayy too rosy to me.
Sounds rosy but actually just predicts the next bubble.  Each bubble has required progressively more capital derived from new adopters than the last. This conventionally has been in the form of actual users buying the currency directly. I think going forward (perhaps the final time) it will be driven by flowing pools of investment capital, a modern day global gold rush. The beauty of it is that it doesn't really even require the userbase of bitcoin to grow rapidly either. It is conceivable that bitcoin could be valued for its investment gold like commodity properties first, then arise as a useful currency in the mainstream ('bits'). I just think there is too much money to be made off of joe public for another bubble not to be 'engineered' |
|
|
|
|
Currently the investing public cannot invest in bitcoin in a tax efficient 'one-click' fashion. An etf would open up the volalitilty of bitcoin to the investing world, a multi-trillion dollar capital pool.
Lots of this forum is strangely expecting bitcoin to fall to prices before the last two bubbles in spite of massive capital injections into infrastructure, mining and startups and merchant integration noone would have believed if mentioned this time last year. In the last year wallet numbers have risen, as have transaction statistics in line with a growing adoption base. This despite a price which has lost ~70% from the previous all time high and pretty much gone down the whole year.
The ETF will hold 100,000 to 200,000 coins currently valued (bought in one go) at 33million - 66million dollars. Some view the ETF as a sell out for the twins and possibly it is. But it isn't a stretch to imagine capital flowing in to capitalise on cheap bitcoin in search of upward speculative volatility witnessed last year in 2015.
Controlling the ETF also allows the twins to move the price to a degree. If demand is high they can choose to purchase coins on exchange and import them into the ETF rather than simply transferring ownership of their existing coins. It will also add market depth which can only be a good thing for bitcoin.
My guess is something like this: we amble around for a few more weeks / months until the market is happy a bottom is in and we start building a base upwards from there. Suddenly the price moves up 20-30% to a technically significant level, the previous ATH is potentially within reach. Next the ETF is approved and a modest amount of capital moves into the ETF, the twins further capitalise the ETF with newly bought coins and the price is driven up to the ATH. In a positive feedback loop this brings more and more capital into the ETF which allows the twins to gradually sign over a significant % of their coins in return for fiat whilst also pushing up the price into the next hype cycle. This time the cycle is driven by joe public investor, front run by big money, and bitcoin becomes a gold like commodity asset for the first time. Actual gold investment withers to an all time low.
Noone on here knows the future. But a lot of money has been spent speculatively fleshing out the bitcoin ecosystem in the last year. If just 10% of that money starts buying up the actual currency and the public can get in, we could be in for a super bubble of epic proportions. I view the ETF as the biggest on ramp bitcoin will ever see.
|
|
|
|
This is a speculation forum, to discuss Bitcoin trading. Not to brag about idiotic financial decisions, like selling a house for BTC.
I'm surprised this thread wasn't moved to OT.
Incorrect. This is a speculation forum to discuss bitcoin speculation. Jesus. |
|
|
|
|
Lot of fear mongering on here today. Underwater shorts?
|
|
|
|
This was my recommendation for the guy.
But hey, what do I know. I'm just a troll like anyone else who won't join with the mindless cheerleading around bitcoin.
Hey now, you aren't a troll for not joining in with mindless cheerleading around bitcoin. You are a troll because you frequent a website called bitcointalk, filled with bitcoin enthusiasts, and only ever make negative bilious bitter comments about bitcoin and the technology. Except when you buy back in of course. |
|
|
|
Bitcoin mining is just too expensive to sustain this price.
If not enough new money will flow in, then value will be taken from the existing coins to feed the abomination that called is bitcoin mining
That's one of the reasons why there can't ever be any stability with bitcoin.
How many existing bitcoins are required to pay for bitcoin mining? A good question, but it's better to calculate the cost of sustaining bitcoin mining in dollars. I don't currently have much time, but I'll try to draw some calculations on how much exactly sustaining it's mining costs. And that should include the point that the owners of mining equipment eventually want to see ROI. If someone has more time, then I would be clad to see some calculations on how much does sustaining bitcoin mining actually costs. Perhaps you can show me how the bitcoin exchange price is related to the cost of mining in any way whatsoever? How much mining supply actually is sold on exchange or OTC? I would be interested to see your calculations of global mining costs to maintain the network also. |
|
|
|
First off, stop comparing yourself to other people. You don't know whether they are truly happy or if they are actually miserable in the lives they appear to have. You would be surprised how unhappy other people are, even though they appear successful on the outside. Living with your parents is not bad. I'm sure they appreciate the sacrifices you've made for them. Don't place your self worth on whether you get laid, or what others think of you. You only have one life, stop feeling sorry for yourself. Life is not just about money. If you lose money, you can make it back, but if you lose your time you can never make that back. At least you can look back and say you didn't live with regrets. You took a risk on bitcoin, now stick with it. Listen to this guy, he may help with motivation: https://www.youtube.com/watch?v=lsSC2vx7zFQSecondly, you don't lose until you sell. If I were you, I would have sold earlier to cut losses, but if you're in this long, then average down by purchasing more. Having been almost 100% right on my price predictions over the past year of swings and flipping bitcoins for profit, I would recommend you sell either right now or at about $335-$340. Last week I predicted that we would hit $320 and then move back up, which is happening as we speak. After that we may go a bit higher but we won't go any higher than $355, and even that may be a stretch. I guarantee there is another drop coming, and we will test $300. As far as predictions go, simply look for bid volume levels on exchange order books, and compare that with MACD/RSI levels, and that will show you the exact future prices, every single week. Third, as far as making a fortune on anything, don't listen to people with an agenda. It's true, there are many people pumping bitcoin, however, only people with a very large audience can create buy/sell sentiment to drive price movements. Read between the lines. Trust your gut. Listen to people with a track record, and even then take things with a grain of salt. Imho, suggesting him to day -trade is the worst suggestion ever Suggesting him to learn how to trade (and short) would be the best course of action regarding bitcoin. The problem right now is that the lad needs to stop focusing on this toxic thing that is not helping him to get a better life right now. 99% of traders on this forum lose money - not that you would know it listening them talk. Encouraging someone who has taken a significant capital loss already to try to trade his way back is extremely poor advice. He may want to crystallise some loss through selling just in case the price falls further, but that is a personal choice and could go either way. In any event this is likely a sock puppet troll post trying to get underwater bulls to sell. Pathetic how low some people will go really. |
|
|
|
We are going down, that's for sure, and I'm talking about <$50 down in the first months next year.
Sell now and buy back in when it's <$50.
You've been warned!
I think what you mean is you want the price to go down so you can buy back in as you have stated on this very forum. You hold no bitcoins. You have no stake in the price. Unless you short on margin (ha ha) literally the only avenue you have to try and goad the price lower is putting pathetic threads on the forum to try and encourage selling in others. Starting to sound a bit desperate to be honest. Now tell us how you will 'feel' when the price moves upwards back towards $400 and beyond. |
|
|
|
I love these type of threads. If we can see more threads like this, then we can say the time has come. We only need a few more weeks/months.
But you won't see any. Almost everyone still thinks 10,000 per BTC by the end of the year. Really? Lol. |
|
|
|
|
Why would I be ashamed? I think bitcoin is great.
How many short contracts are you short? How much cash have you got in the bank? What car do you drive? What is your occupation?
Edit: the point being it isn't really relevant.
|
|
|
|
No, two years ago the people were right, what you did was risky. You got lucky. Doesn't mean what you did was smart.
...unless you think that winning a million in the lottery makes the guy who "invested" in the scratch tickets smart.
Why are you comparing a nascent growing technology with less than a million active users with a lottery? Disingenous to say the least. How many short contracts are you sat on? |
|
|
|
Why not just tell me how much ur hodling, so I can put some numbers to the lel?
What, a bit like 'i'll show you mine if you show me yours?' what is lel? |
|
|
|
>Bitcoin lasts 5-20 years
<crap>
That is the end of that discussion then.. |
|
|
|
Don't worry lamb chop I can handle a bit of volatility. Not everyone who is bullish bought in at 1200 you know  |
|
|
|
|
Yeah it should be crystal clear that ANYONE holding btc would be very very very unhappy if the 21,000,000 cap were lifted either directly or indirectly.
It seems clear that with a fixed peg the 21 million limit of btc is not altered in anyway. If anything with the likelihood of side chains messing up it will probably lead to more lost coins.
|
|
|
|
|
What is it with obvious sock puppet accounts?
|
|
|
|
Price goes down very slowly... hope that something happen and price will rise up because price is too much low now  Don't worry. It'll go up eventually and when it does you'll be smiling you 'survived' this bearmarket. Even all the trolls in here want it to go up once they buy in. They just don't want you to know. Why will it eventually go up? Why do so many here act like that is a fact, like it's guaranteed. You should have learnt by now. Anyway, here is one argument: Generally, money value flows to the most liquid money type, if everything else is equal. It's not, fiat like USD is currently better in that it is accepted everywhere, or said otherwise, it is more easy to convert USD to something else of value, than bitcoin. Despite this, value flows from USD to bitcoin, increasing value of bitcoin and reducing (currently marginally) that of USD. The effect of this flow is that afterwards, bitcoin has gained usefulness, meaning that next year (month, day), the flow is enforced. The end game is that bitcoin takes over all value. It is the only possible outcome. Other than that throughout 2014, the flow has been from BTC to USD, you got a solid argument there  You can not say it has gone up or down unless you at the same time choose a timeframe. You could easily select two year's timeframe. Going down this year is annoying, but it does not change the big picture. If you are suggesting that since its inception (when its price was exactly zero), BTC had nowhere to go but up, I agree with you. Buying it at zero would have been a no-brainer. If, OTOH, you are suggesting I pick a timeframe which better supports your argument, the begging question is "why"? According to your logic, the flow has been from USD->BTC. But... then it wasn't, for close to a year now. Explain this shit. To anyone who didnt buy in after the last run up the answer it pretty obvious. Zoom out on the price chart. |
|
|
|
All long term indicators scream it's going to single digits and lower so how do you defend your position?
Perhaps if we exclude transaction statistics, wallet numbers, VC funding, merchant integration, hash rate and focus on the price in isolation. Even then what exactly are you wittering on about? |
|
|
|
Inca, what happened to your posts about how big money secretly is accumulating and all that other bullshit?
Haven't seen any of those in a while.
Finally waking up from the fantasy?
We are clearly still in an accumulation/distribution phase. No secret about it. Just look at the 100 and 500 largest addresses and do some rudimentary analysis instead of trolling over day trading whipsaw noise. Yes clearly everyone is accumulating. Everything is going according to plan. You really live in a fantasy world, don't you? You seem to have trouble actually reading the content of the posts here. Who cares if everyone is accumulating? You and most of the 'traders' on this thread are a zero sum game anyway, just trying to catch little waves in the price. Large addresses (i.e big money) are accumulating. When bitcoin days destroyed spikes up, or the US regulatory framework suddenly becomes very hostile, or we smash below the previous ATH on heavy volume and keep going then perhaps I will rethink my position. Until then this seems a good point to accumulate, and I will continue to lend BTC swaps to slowly leech some btc out of the trading pool into my own account. |
|
|
|
|
Show Posts
