Im always trying to educate my friends about Bitcoin. I'll offer them 5000 satoshis if they open a wallet. here is an interesting trend I have recently encountered. Several of my friends have come back and declined the offer, the reason, they have read on the news that Bitcoin is vulnerable to hacking. The Media is pushing that Bitcoin is not a 'secure' investment. sure, risky maybe, but insecure? Whats going on? whats the buzz? I think this is plain bearish sentiment  Friends refusing free money. You must have rich friends  Seriously, people will believe what they want. Sounds like (no offence) these friends aren't very tech-savvy if they think owning bitcoins is opening you up to being hacked. It is truly frustrating, Maybe they think I'm part of a pyramid scheme. They just dont realise how easy it is to open a digital wallet. is that such an intimidating thing to say? "digital wallet"? maybe they fell the need to understand exactly what it is before they can do that. Few make it past that point. Its easier and safer than opening an email account. mixed feelings I guess. we are all glad to be well ahead of the herd. |
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Economy / Speculation / Re: When will bitcoin reach 1,000, 2,000, 5,000, 10,000, 40,000, 50,000, 100,000
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on: February 01, 2014, 04:13:17 AM
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When do you guys think bitcoin will reach 1-100,000 US dollars
People say buy march or april it will go up
What do you guys think.
I think it will go up from previous trends
If it goes to $100,000 this year, then the stock market must have crashed hard. not something I look forward to, but hey. I think 10k is hopeful and yet statistically realistic for this year. but how could it be an exact science. it's out of control. I have little doubt that it could be anywhere between $1 and $100,000. |
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Excellent! I knew they would! there is no better way to accumulate a load of bitcoins. forget a market order. just put out your hand and catch them as they fall. But why is the stock crashing? maybe investors consider holding bitcoins too risky. << I like this. or is it just general economic conditions? |
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well you can see what they are doing there - any old half whit who watches Oprah most likely has no clue of the network effect. Dogecoin is just a fun distraction. spend your money on dogecoin people, you dont want these silly bitcoins. I hope the plan doesnt back-fire though! |
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Unfortunately I´m an late BTC adaptor (april 2013) and a member here since 2-3 months. I wonder, were this threads also like this 1-2 years ago? I mean, were people making threads with "will Bitcoin ever reach $10 or $100"?? I ask this because maybe we are awaiting too much grow from BTC at this point? I myself also cant imagine that 1BTC will be even worth $10.000.
Oh ya I have been bearish since 22 usd. and remain bearish BTC's valuation is totally unjustified its a tulip bubble. Please tell us when you turn bullish! The price has doubled more than 16 times, it can quite easily double a few more times. There will be so much money flowing from the stock market soon. dumb money and smart money. it will drive BTC to the moon. |
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Can one assume that a keylogger can be capable to read the clipboard data?
http://en.wikipedia.org/wiki/Keystroke_loggingRead it and weep! "Software keyloggers may be augmented with features that capture user information without relying on keyboard key presses as the sole input. Some of these features include: Clipboard logging. Anything that has been copied to the clipboard can be captured by the program." Hmmm oh well. 2FA FTW!  wassup Keewee! join the club! where do you stay in New Zealand? |
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I lost you when you mentioned 'Windows'  Windows is just plain insecure. BINGO. this is what i'm talking about. good luck getting the average prole to understand why this is. so then I guess by default we will be ahead of the crowd for a long time yet. I can see bitcoin passing $5000 before 'easy' software is introduced to keep your coins safe. |
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That Dogecoin will surpass Bitcoin in market cap.  |
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the news that Bitcoin is vulnerable to hacking. The Media is pushing that Bitcoin is not a 'secure' investment. sure, risky maybe, but insecure? Whats going on? whats the buzz? I think this is plain bearish sentiment Already, the Bitcoin folder tucked away in a hidden system folder on Windows is about 32GB in size. When the files corrupt, it becomes a real pain in the arsehole trying to get the blockchain back up to date in order to use my cold store wallet again. Just wait until the blockchain grows to 32TB in size (and given time it will). Then hardly anyone will have a secure offline wallet stored on a USB stick like most of us have access to currently. Instead we will all be using third party wallet providers, whose systems will be liable to hack attacks. I lost you when you mentioned 'Windows' Windows is just plain insecure. I thought that the block chain will be 'pruned' when it becomes a problem? Satoshi was aware of this issue. |
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any way to convince an investor to part with his/her bitcoins is bearish. a headline - "bitcoin insecure investment" is a bearish headline for sure.
with just a little understanding one can secure ones bitcoins to oblivion.
then it would not be sentiment. it would be an attempt to manipulate sentiment. as i pointed out, it's the truth, so i don't think so. if you think the typical prospective user will understand, let alone go to the lengths to properly secure bitcoins, under the status quo, is a long shot. just an observation.... tech people always think other people think like them. they don't. at all. like, fucking, at all..... Ok I get you. Not a bad sign that the big boys dont want mainstream to invest in BTC though? so far, it's causing sentiment. |
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so no, nothing to do with bears. it has more to do with the fact that the infrastructure of hardware/software providers is very much lacking for the typical end user in the mass adoption scenario. they are "insecure" because laymen know nothing about security -- but developers have done little to improve this.
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any way to convince an investor to part with his/her bitcoins is bearish. a headline - "bitcoin insecure investment" is a bearish headline for sure.
with just a little understanding one can secure ones bitcoins to oblivion.
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Bitcoin, the currency of the Internet that should never be stored on the Internet or on any computer that has ever connected to thr Internet. So yes, the media is right, it's not particulary secure. You're forgetting that bitcoin articles aren't written for us -- bitcoin enthusiasts -- it's for mass consumption. For average folks, buying and securing bitcoins is still quite a complex and dangerous process fraught with peril.
yeah but this is no good reason to not invest in bitcoins (if you can see the potential). the insecurity lies within the ignorant. the media must tell the whole story, rather than blaming bitcoin. |
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Im always trying to educate my friends about Bitcoin. I'll offer them 5000 satoshis if they open a wallet. here is an interesting trend I have recently encountered. Several of my friends have come back and declined the offer, the reason, they have read on the news that Bitcoin is vulnerable to hacking. The Media is pushing that Bitcoin is not a 'secure' investment. sure, risky maybe, but insecure? Whats going on? whats the buzz? I think this is plain bearish sentiment |
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No, because it's gonna hit 10,000 regardless and I dont wanna live a lie.
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As the price has doubled more than 16 times over its lifespan, it could easily double a few times more. So, I think the only way to judge the maximum price is by how wealthy the elites such as the Winkelvii will be allowed to get, before capital flows to alt coins such as Litecoin.
the richest men in the world are multi billionaires, 27Billion is a cool sum. There are 1500billionaires in the world. There are hundreds of thousands of millionaires.
so lets say the Winkevii's stash is worth 30Bln some day. 100,000BC= $30,000,000,000, 1BC=$30,000.
but lets not forget that there are 1500 billionaires and a hundred thousand millionaires in the world to make this puppy fly.....
So lets say, some of those billionaires must be replaced because of the fundamental shift in wealth thats going on here.
Lets say then that at least 1 trillion market cap is required before the Billionaires are just balanced out between BTC/USD.
=> $100,000 BTC
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If Bitcoin hits $10,000 there's no way I'm selling because then we'll be dealing with the fact that $10,000 will be $1 thanks to hyperinflation, or worse.
oh it cant be that bad so long as nobody else has any Bitcoin..... at this rate, my friends still wont listen. speech; I told you so. |
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I think at the end of the day the real lesson to be learned is; always make sure that your sources are confirmed.
right proudhon?
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I can't believe what I'm reading: Meanwhile, members of the BitcoinTalk forum have expressed fear over the potential closure of Chinese exchanges, with hundreds of posts gaining tens of thousands of views from the crypto-currency community.
One forum member, using the name 'Bitcoinlitcoinbtcltc' said that after 31 January, "Chinese can no longer do anything related to bitcoins. They can not withdraw money from Chinese exchanges. So the bitcoins they have on Chinese exchanges are 'dead'. They can not trade those bitcoins in for real money, or withdraw that money. It's like that money doesn't exist anymore."
This doomsday scenario was echoed by another used called 'Proudhon', who has contributed to the forum for three years. The user said bitcoin's fall from $1,200 to its current level of around $900 will "continue until bitcoins are worth $0."
Much of Proudhon's comments from "confirmed sources" have been dismissed by other forum users, but the sense of unknowing shared across the community is hard to ignore.
I CANT BELIEVE IT!!! IT'S CONFIRMED!! Proudhon is in the news Im so proud of you Proudhon! This makes me question the accuracy of mainstream media - oh no wait - it doesn't. |
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Mat, your only enemy is yourself. There is no "market manipulation." No one is out to get you. Most traders have probably lost money over the past month in this choppy market. I know I have. You are the only one complaining about every move the market makes. Its called a sideways correction. Completely normal. Wait for the next trend to develop, whether up or down, and try to find an entry point.
Sound advice. Blaming "outside agencies" / "market manipulation" every time you lose money isn't a good sign. You have to look at your own trading strategy. It starts and ends there. the way I like to put it - "Never attribute to malice that which is adequately explained by stupidity." Hanlon's Razor. |
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LOL Tera is that you I saw 'confirming' in the BTC-E chat box? lmao to see the word of proudhon spread accross the BTC world. |
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