Lol I wonder who these 8 people that claim to have more than > 10000 are. I hope to have at least 10 in the next 10 years, and for the 99% of us that missed the boat to get legitimate gains Bitcoin needs to go really high. 10K is the bare minimum. I wonder if we will see it in the next 10 years.
You invest what you can... and you did NOT miss the boat, so long as you know about BTC (which you do) and you are doing something about it (which it sounds as if you are). There are a lot more people out there who either have NOT heard about BTC or have NOT done anything about it or taken any action towards accumulating BTC. |
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What happened to your doomer predictions earlier in the week? My little brother was using my account and posting all kinds of FUD. I kicked him off. I have to use this some time. My lil doggie posted that.  |
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I like the way the guy next to him keeps on running as if nothing happened... |
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I need to present my thesis about Bitcoin in september. Would be great to see new ATH's that day  September is NOT a day!!! Just so you know. |
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Time to panic buy. CCMF  It's confirm now, panic buying coming and price most probably will hit 620 today. Still a long way to go . if it crosses 600$ than maybe, bitstamp is still floating around 593..! it might comedown to 580 again . People buying above 590 level, it's clear sign, just wait till American wake up, then we will see movement. Which direction? and by how much? And for how long? |
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In my opinion this VC money isn't going to jack shit for bitcoin. The ONLY thing that is worth anything is people buying bitcoin. That's it. If that doesn't happen, all the great bitcoin infrastructure in the world won't help.
Seems to be a Catch22 b/c we/they are only going to continue to buy BTC if we/they see that an infrastructure is being built around BTC. |
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We've seen nothing yet, man! People still don't know what I'm talking about when I mention Bitcoin and tell them that I am a BitcoinMillionaire. They think it is some kind of Habbo Dollars or something, haha. But I rather not tell them how much they are really worth, or they'd be just begging for money. I don't want that. People don't need to know, I'm a stinkin richt BitcoinMillionaire! Don't wanna brag about that.
Having more than 2,000 BTC is currently going to make a person a bitcoin millionaire and that person is going to be in a pretty good position after the next bubble, I suppose. Maybe also having more than 200 BTC will also be pretty good? Having more than 20BTC seems to be the minimum level of prudence that investors should strive to achieve before the next bubble, it seems? Having more than 2BTC is going to take a few pretty good sized bubbles in order to bring a meaningful quantity. |
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do we hit 600 before Saturday?
U pose a million dollar question... or at least thousands of dollar question.... close enough, when talking bitcoin.... I am kind of guessing, yet I am suspecting that we are going to continue to have some downward BTC price pressures over the weekend.. and into early next week.. then maybe mid-next week moving into the $600 plus territory.... I may be shooting this straight out of my ass, though... yet we all realize that we are discussing this topic in the speculation thread. I'm continuing to buy.. but holding off on pulling the trigger, to some extent, with the expectation that we may have a bit more of a dip in the coming days... |
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Dearest Adam:
In the most recent poll, you missed the category of 200 to 500 BTC... which I would expect some of the followers of this thread would be in that category.. or at least approaching such, depending on the referenced time-frame.
Additionally, the poll does NOT indicate when the billionaire chasing event is going to take place... I'm assuming you are referring to fall of 2014...
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Can we say that the current bitcoin price is the best predictor of the future price as is the case with other currencies? Has anyone done a serial correlation study or something similar. I saw a quote that daily bitcoin volatility is about 7.6%. So in a year whatever your prediction you should plus or minus 7.6*(365^0.5) percent.
You got part of the answer correct, and that is the current price trend is the best predictor of future price, and in that regard, the price of bitcoin is in NO way at a stable value.... Accordingly, BTC future prices are likely to be going up... up and up... just like they have done in the past, yet maybe NOT The more likely outcome is that BTC is going to experience between 25% and 800% annual appreciations in price for the next several years... Maybe in the meantime, there could be some changes or some new and upcoming competitive asset class... but until then BTC is the main game in town. |
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My coins are going to be my retirement. So, im more worried about the price 15-20 years down the road. The one thing bitcoin has done and always do is go down and up, rinse repeat.. I have total confidence that we will be well above the 5k mark in 10 years, probably sooner..
With those kinds of projections, you must have at least a couple hundred coins - or a plan to acquire at least a couple hundred coins. You think if BTC goes mainstream... and is still here in 15-20 years, that this chap will need hundreds to retire at that point? really? you cannot think they are going to go very high then. Honestly if bitcoin is not ~$5K by mid 2015 or by the end of 2015 at the latest, then it's exponential growth rate would have slowed substantially. All current trend line charts would be completely broken. Everyone investing in bitcoin would have to completely rethink their investment targets. That is a very good point, Torque. I remain curious; however, regarding bigasics thinking, in terms of how many coins he believes is necessary to retire in a 15-20 year time line? What's his thinking of the amount that would be needed, and does he have other investments, too? What's gonna be his age in that time frame, and what is going to be his lifestyle expectations with whatever retirement that he is envisioning? I do understand that each person is going to have a different vision of what would be a good retirement and every person is going to bet in different ways in order to attempt to assure that the desired outcome occurs. Additionally, some are going to be wrong and some are gonna be right in how they make their bets or hedge their life outcomes.. Some are also going to be extremely lucky or unlucky. |
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1W MACD is nice n green again.
I was thinking that there was a certain desire that it goes red upon closing before we would be ready for our next rocket.... but on the other hand, NOTHING is that absolute in the world of BTC. |
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My coins are going to be my retirement. So, im more worried about the price 15-20 years down the road. The one thing bitcoin has done and always do is go down and up, rinse repeat.. I have total confidence that we will be well above the 5k mark in 10 years, probably sooner..
With those kinds of projections, you must have at least a couple hundred coins - or a plan to acquire at least a couple hundred coins. You think if BTC goes mainstream... and is still here in 15-20 years, that this chap will need hundreds to retire at that point? really? you cannot think they are going to go very high then. I was just using his price projection of BTC. He suggested that in 10 years, BTC will be well above the $5k mark, but he did NOT specify how much. In that regard, he may need 200 coins at $5k to be valued at $1million. That would NOT necessarily be a lucrative retirement, but could be manageable. In essence, I am NOT really sure about what Bigasic was suggesting, so I was trying to get him to elaborate somewhat. |
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My coins are going to be my retirement. So, im more worried about the price 15-20 years down the road. The one thing bitcoin has done and always do is go down and up, rinse repeat.. I have total confidence that we will be well above the 5k mark in 10 years, probably sooner..
I would temper your optimism by suggesting bitcoin may not be around in 15 years let alone 5. That said if it is around in 15 years you are most definitely retired. Even if BTC is NOT going to be around in 5 years or 15 years, that fact or potentiality does NOT mean that BTC is NOT amongst the better of current investments for retirement funds - though it may mean that the investor needs to maintain a certain high level of vigilance and diversification of assets and be ready to transfer out and to skim off portions of his/her BTC portfolio during BTC price appreciation periods... |
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Argentina may have various confrontational issues with the west (the USA and the IMF); however, I doubt that the solution would be for it to just give in without considering its own identity and role in the world and input from its populous regarding its identity.
Its populous are being robbed. Hence the debt the country is not able to pay. I don't know enough facts in order to understand robbery to be the circumstances in the Argentina situation. I do know that a lot of governments engage in various tactics to support the robbing of the people. That does NOT make government a bad thing in my view b/c it is all relative. Take some of the latest gifts to the banks in the US of A, those are forms of robbery... but NOT all government conduct is robbery... Accordingly, the level of robbery and who and how the robbery is occurring depends on the circumstances. Maybe it is worse in Argentina? I don't know that. I do NOT assume that a government that has different values from the USA government is contrary to the will of its people, merely from the fact that some western propaganda channels may characterize the situation as such. |
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My coins are going to be my retirement. So, im more worried about the price 15-20 years down the road. The one thing bitcoin has done and always do is go down and up, rinse repeat.. I have total confidence that we will be well above the 5k mark in 10 years, probably sooner..
With those kinds of projections, you must have at least a couple hundred coins - or a plan to acquire at least a couple hundred coins. |
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totally NSFW, i guess there is no mods around or they have completely given up on this thread.  LOL! Dude! You ARE the mod on this thread! Best mod I've ever seen by the way That's what I'm talking about... see my earlier post regarding asylum |
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totally NSFW, i guess there is no mods around or they have completely given up on this thread. One of the inmates has been left in charge of the asylum. Who would have thunk? |
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WOW.... The Dow Jones industrial average is down almost 2% today....
You can compare that with a 20% drop in bitcoin. Quite big. Bitcoin and the DJ Industrial average are two different animals - in part b/c BTC is much more volatile and much more vulnerable to manipulation. Additionally, BTC has a much much much much greater for potential for an upside... The DJIA seems to be quite a mature set of assets, and overall should NOT be subject to very much volatility... and should generally progress upwards over time. I would suggest, and a lot of us following BTC should agree, that BTC's exponential price potential is inversely related to the performance of the DJIA (NOT completely, but in part). |
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WOW.... The Dow Jones industrial average is down almost 2% today....
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