- The NSA has full control of Bitcoin through holes in SHA-256 and DSA that the mass of the public has yet to find. The whole blockchain might find itself worthless within the decade.
You forgot a few points: - The Space Jews control the president of the United States with brain wave rayguns, installed in geostationary satellites launched and maintained by South-American drug cartels. - Fluids! Always protect and preserve your precious bodily fluids! That's right, never use sanitary installations connected to the grid. You predictions (except the quoted one) are fair enough, your tone is laughable at best. But this is just hilarious: - The NSA has full control of Bitcoin through holes in SHA-256 and DSA that the mass of the public has yet to find. The whole blockchain might find itself worthless within the decade.
Seriously, why do people that that have nearly zero knowledge on information theory think they sound badass when they talk about it? Tell us how do you make that distinction and how is information theory relevant for making such a statement? |
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I'd say that's a lame media duck. Something gonna be built for sure but in the end, I think all it's gonna contain is a bunch of new servers full of porn.
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That's a bold prediction. Do you really need it to rationalize your decision?
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No thanks I still haven't recovered from my bitcoinica trauma.
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There was no news. The whole thing was bullshit to begin with. also see |
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Long term is years, not months.
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what happens when the cross on the all time chart?
do we get rich?
The cross is arbitrary and that isn't the all time chart. |
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People who went "all in" at 50 do care.
I'm all in and I don't give a shit. I will fall and raise with BTC  Being reckless with your decisions doesn't mean you are indifferent about them. |
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People who went "all in" at 50 do care.
If they are all in at $50 and scared of a crash then they are over extended and should reduce their exposure ... at a profit. What a terrible problem to be faced with  They should, of course but people don't act rational that way. |
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Google chart showed it's still very new and mostly price is affected by new adopters. If you search the trend for gold/silver, the price and trend has no direct relationship
True but it does seem to correlate with bitcoin to an extent at the moment likely because it is new information while gold and silver are well known That's because Gold/Silver aren't about investing per se, but pretty common terms. If you look for "Bullion" that paints a whole different picture. |
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Anybody wanna place bets?
I'd place 0.5 BTC on myrkul.
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People who went "all in" at 50 do care.
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 Here, lower breakout if it crosses 100day sma upper if it reaches daily donchian channel. parabolic sar already points downwards but you never should use that alone. |
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not yet. volume is too low.
Also your lines are kind of arbitrary since they are not drawn from the candle wicks but from the bodies which do not pose any significance when it comes to trends. If you want to draw trendlines based not on price extrema you should look for volume spikes.
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Browsing wikipedia, end of 2010
I think it was somewhere falsely listed as some sort of virtual gold currency like e-gold.
I could have been an early adopter then but I didn't think it would take off and wasn't greedy enough.
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Given the current stability, I'm hesitant to characterize this as a 2011 burst rather than a late 2012-type correction.
Also the 2011 bubble inflated much higher, much faster, for much less reason. This time there was a lot of reason for a decent rise, and it rose less and slower. It just makes sense that it would fall less far in the aftermath. Agreed. No. The April spike went truly hyperbolic, in contrast to 2011 and 2012 which were both exponential. Then the situation is now is different than 2011 and 2012 in another way: In 11 we had fairly decent ask side in relation to bids which is now pathetic in relationship and in 12 we had massive bid walls popping up occasionally and the correction was caused by a ask wall, all with relatively low trading volume. Now we need volume and big time in order to break out of the sideways movement because both the top and the bounce had so much of it. It is those who have enough ammunition to make the necessary market orders who will decide the outcome this time. |
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We might be in the early phases of the slow long slide.
Early phases? We are in the slide for few weeks now. Slide of pain and broken hopes, and lower highs  I am talking about months here, if it happens. |
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We might be in the early phases of the slow long slide.
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True. However, if bitcoin is going to have wider adoption, the price has to go up to accommodate a larger slice of world economy.
The price of Bitcoin is largely irrelevant to economic activity. XRP for instance has a theoretical market cap several times that of Bitcoin, yet nobody really uses ripple right now. How does a currency provides the nuts and bolts for an economy that has a value flow larger than it? It isn't flowing, that's kind of my point. As long as the currency sits in every bodies wallets as a "store of value" and so few people are using it as a payment system the discrepancy between the theoretical market cap (all currency times the price) becomes so large that the effect of real economic activity is basically nil. |
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True. However, if bitcoin is going to have wider adoption, the price has to go up to accommodate a larger slice of world economy.
The price of Bitcoin is largely irrelevant to economic activity. XRP for instance has a theoretical market cap several times that of Bitcoin, yet nobody really uses ripple right now. |
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