Yes, Jorge.  Most of us here realize that you are a troll, and that is why you frequently ask such stupid questions and make such unimportant comments.

There is NOTHING inconvenient about the answer to your question, except that you should be able to figure it out yourself if you were more involved in buying and selling bitcoins.  Instead, you claim to have NOT purchased any through any service.

There are a variety of ways to acquire bitcoins by wiring money or by handing cash to someone or by mining or by earning them through a service or sales of a product.  Once you have the bitcoin(s), then you can use them to acquire Dell products or services (Dell chooses whether or NOT it wants to convert back to fiat and/or when to convert back to fiat, if it is going to convert).

Each of us have our own budgets and means, and .001 is the equivalent of $.62, which seems insufficient to accomplish anything in the BTC space.

If you currently, know about BTC, then you should attempt to acquire as many BTC as you deem practical 10 to 20 BTC would be a decent goal, especially, if we consider where BTC will be in about 5 years... I'm speculating possibly in the $100K range per each BTC?

Whether earning fiat or BTC, it seems much more productive to attempt to work extra hours and then to buy BTC while the price is still below $1,000. 

It's nice to read these varying memories.

I keep searching my memory regarding when I first heard about bitcoin - maybe 2013?   I did NOT research into it, until November 2013. 

It is very hypothetical what I would have done in 2011, if I had researched into BTC, yet my thinking is that I would NOT have invested into it - even though once I started to look into it, I thought that it was great, even at $1,200 per BTC. 

Currently, I believe that BTC is a good value, while it remains under $1,000 per BTC.

There is NOT a large enough market cap to achieve multi-million dollar (or even billion dollar) transactions without causing some volatility; accordingly, the market cap has to increase in order to make bitcoin practical for these purposes.  Accordingly, since bitcoins have a limited supply and a limited production rate, the ONLY way to accomplish sufficient meaningful market cap is for BTC prices to go up (probably at least 100 times today's current prices). 

In Sum, it is inevitable that BTC prices will go up, if it is going to serve large and/or institutional financial uses.

As soon as you believe that you have the bots figured out, they mix it up... so trading will likely be a losing proposition for more than 90% of humans.

I doubt that we can make a blanket statement about what merchants are doing regarding their bitcoin purchases.  It may be true that a large number of them are immediately converting to fiat; however, they can change that at any point, in the event that they are o.k. with holding BTC.

I think when Overstock chose Coinbase, they made that choice b/c Coinbase was fairly aggressive to assure that Overstock got set up quickly - accordingly, Overstock did NOT shop around regarding which service to use.

I go to Dell's website, and I choose to pay with bitcoins from my blockchain wallet, no?  People acquire bitcoins in a variety of ways and then hold them and store them in various ways, and when it comes time to purchase something they send the bitcoins to the purchase address.  Then on Dell's end, they choose whether to hold the purchase in bitcoins or to immediately cash them out as fiat (Dell is using coinbase)..

I thought that I called the question stupid and I answered it...... and you are implying that you are seeking some kind of deeper and more significant meaning?  And what would that deeper and more significant meaning be?

As we all likely realize, bitcoin remains somewhat in the wild, wild west when it comes to government intervention.  Accordingly, there are ways to make money and to strive in both the regulated sphere of bitcoin and in the unregulated sphere of bitcoin.

I agree with you Erdogan that this kind of volatility is likely to continue with BTC when BTC reaches 1 trillion market cap, and it may continue beyond that, when BTC reaches 10 trillion and 100 trillion market cap.  Once BTC reaches these higher market caps in the trillions, though, it will be much more difficult to manipulate it.

$850

Once BTC goes past $850, then we are on our way to a new ATH.. anywhere between $2200 and $5000.  I am hoping for the latter or more, but I will also be content with the former.

I don't really find anything wrong with random picking of dates in order to suggest that btc prices are going to skyrocket.  Yet, I am more bothered when posters are elated in the event that their date is correct.  If they are correct, it becomes a big "so what?" b/c the poster happened to guess correctly.  

I anticipate that the rocket date could be anywhere between 1 hour from now to 12 months, and I rest much more assured being in BTC, to be prepared when that seemingly inevitable rocket date comes.

BTW:  Good luck being in gold / b/c it is pretty unlikely that gold is going to have any rocket that is anywhere near the potential of the BTC rocket (gold may have a baby rocket and potentially get into orbit while BTC is on its way to the moon and beyond).

This appears to be one of those basic retarded questions of yours that could easily be answered by yourself, if you were to buy and use bitcoins then you would possibly realize how to use them.  Of course, the customers pay in bitcoin, and then if Dell wants to convert them to fiat after the transaction, they have that fiat conversion option.

For some reason, I missed this post/prediction until it was required by Richy_T.

In sum, the prediction within this post is fucking ridiculous and potentially based on some fantasy land version of the world and bitcoins place in the world.

Largely, my somewhat subtle irritation with the prediction stems from the 99% or more likelihood that Jorge knows better. NOT only is he sloppy with his description of his prediction, his predictive numbers are restarted.


In essence, Jorge's prediction is in lala land bc it seems quite unlikely, less than 30% chance, absent some catastrophic event, that bitcoin prices are going below $500 in the remainder of 2014.

Further, seems that it is more likely than not (more than 50% chance) that BTC prices will go above $750 during the remainder of 2014.

Possibly an insult to people under 18 if there is some kind of amorphous humor here.

Jorge:   

I appreciate your response here; nonetheless, I am NOT going to go back through your posts to point out the various flaws and/or assumptions contained therein.  Through several months that I have been participating in this thread, I have noticed that a lot of people call you out b/c of the general tendency that you have to be misleading in your posts.   And, for example in your earlier post, you described the recent rise from $350 to $650 as if it were a bubble, and such a characterization seems to assume that BTC prices are going down, rather than up.

In this most recent post (above), you seem to be attempting to be more objective and reasonable in your assertion that prices could go either way (up or down); however, in many instances, your posts do NOT tend to be of this same character b/c they tend to contain a considerable amount of spin and a considerable amount of embedded assumptions that strive to lead the reader(s) towards your predetermined conclusion(s) that bitcoin is bound for failure.

In my thinking your comments are misleading b/c you are projecting the future, as if BTC prices are going to be on a continuous downward projection from December 2013 and thereafter.

None of us know the future of BTC prices, even though we are making bets and predictions accordingly.

You seem to consider your obligation to come into this party with a preconceived agenda in order to attempt to push and/or propagandize in the direction that you want BTC prices to go (which is down, from your preference point).  You attempt to mask your bias in terms of reasonableness and objectivity, which confuses and deceives some people into believing you.  It is too bad that you believe that you are bringing good to the world through your seemingly disingenuous representations.

Some people label you as a good troll, which I believe is giving you too much credit, as if you may have some good intentions, when in fact your more basic intentions seem to be to spread disinformation and to create FUD and distraction(s), and even if you believe you are bringing good to the world (or even dissuading a few investors from bitcoin), ultimately, likely you are NOT providing much if any service b/c of the fact that you knowingly provide disinformation in your attempt(s) to achieve your objectives and to propagandize with your negative projections regarding bitcoin.

One good thing is that bitcoin seems to have a very decent chance of succeeding for many years, despite your efforts (and the efforts of like-minded people to undermine it).  The innovative aspects of bitcoin are out of the bag and have already irreversibly changed the course of history, and more is very likely to come (absent some catastrophic event), either through bitcoin or through some other crypto(s) that will serve very similar purposes as bitcoin...

One beneficial thing about conducting a poll is that no one needs to specifically disclose their age in a manner that is traceable; however, on the other hand, one disadvantage of anonymous polls is that some people may NOT be truthful...     

In that regard, the results of such a poll would be a rough estimate of the age(s) of those persons who respond to such a poll.

ADAM::::: Maybe we need a poll to ask the question of ages of readers of this thread? 

What's your age?

Below 18?

18-21?

22-24?

25-29?

30-39?

40-49?

50-69?

Above 70?