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321  Bitcoin / Bitcoin Discussion / Re: I am sorry to say, Mike Hearn was right. on: December 08, 2016, 08:25:34 PM
The Circle CEO is a shill who said bitcoin will die in 5-10 years. If you believe him then please, go ahead and sell your coins and get the fuck out.


Mike Hearn claimed that bitcoin was going to continue crashing in price until it's obsolete. He urged everyone to sell their coins when it was in the $300s... LOL @ saying he was "right". He left like a bitch, and he ended up being remembered as a bitch.
322  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 08, 2016, 07:57:42 PM
...the value is showing so much maturity. Volatility seems a thing of the past...

Maybe, but let's not forget that in 2012 volatility seemed to be done also. Then we had 2013.

I don't think we'll have quite the volatility as we had during the 3 great bubbles (or even last spring's micro-bubble) when it rocketed up in a few short weeks and plummeted just as quickly.

Hopefully the next bubble will take several months (or even years) instead of just weeks. The fractals of the bubbles are remarkably similar, but they are getting taller, longer, and with longer intervals between them.

Eventually one of them will be where the s-curve goes "vertical". Then the exponential growth phase will be done and the price will exponentially level off.

When are we actually gonna pass ATH Jimbo?  Embarrassed  Embarrassed  Cry
323  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 08, 2016, 06:40:24 PM
Good mornin' Bitcoinland.

Still going flat sideways for a week now... $777USD/$1027CAD.

Coiling for a big move in which direction? My guess (surprise, surprise!) is up.

I don't want to ruin the hype but who is buying when the price is so high? I see $777 and all I can think about is those poor folks who bought at $2000. How much higher do you think it is going to go?

Well JJG says somewhere between $3K to $5K.  I'm sure that any day now he'll provide some detailed analysis as to why he thinks that, as well as give us some exact dates as to when it will happen.  Still waiting....   Roll Eyes Roll Eyes


I wouldn't be calling anyone out on predictions if I were you.... did I not batter you enough?
324  Economy / Speculation / Re: That was a great dip on: December 07, 2016, 03:17:04 PM
Fuck $800


$5000-$10,000 or bust
325  Economy / Speculation / Re: Speculation Rule: buy when others are irrationally pessimistic or too cautious on: December 06, 2016, 02:25:23 PM
OP, every time I see your username I read "I am not black" ......please change it
326  Economy / Speculation / Re: Bitcoin will hit $10,000 and even $1 million (Video) on: December 05, 2016, 03:49:32 PM
Can we at least get to $10K first? Even $5K... even $2K....  Embarrassed


I have been hearing about $10K/btc since 2014 and we haven't come close. Fundamentally it should reach $10K with a limited 21M supply and growing network... but markets stay irrational, especially when we get greedy, and it seems like people are always suppressing the price to "accumulate more" but when is the price finally gonna pop?

327  Economy / Speculation / Re: Speculation Rule: buy when others are irrationally pessimistic or too cautious on: December 05, 2016, 03:32:51 PM
Quote
Buy rumor, then sell the news. Meaning you are buying the fact that crypto is progressing and not sell because of the realization it isn't perfect yet. The problems of crypto will get worked out over time via competition from altcoins and Bitcoin.

I completely agree with this logic.


SegWit, LN, schnorr signatures, etc upgrades + ETF (SolidX + Winkelvoss) are the rumors right now. I don't wanna buy after these come into fruition.


The only thing that slightly concerns me is that everyone seems to be bullish... which goes against the "buy when others are fearful, sell when others are greedy" logic
328  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 01, 2016, 10:46:45 PM
Guess me!  Grin
329  Alternate cryptocurrencies / Altcoin Discussion / Re: THE RISE AND RISE OF MONERO on: December 01, 2016, 02:24:12 PM


If any coin can be Bitcoin 2.0, its probably Monero.

Monero cant be Bitcoin 2.0, that are other coins that fight for that title.

Monero is just more Bitcoin 1.0 as Bitcoin itself.

Monero is not replacing bitcoin, sorry
330  Other / Off-topic / Finally got this game after 10yrs of waiting.... on: November 30, 2016, 04:01:08 AM
331  Economy / Speculation / Re: The adoption boom is coming on: November 30, 2016, 03:58:41 AM
Eh, I'll believe it when I see it.  I do think something along these lines is coming, but none of us knows when or to what extent adoption is going to rise.  Having hope and really bullish thoughts doesn't really help anyone, and that sort of thing can be detrimental to your wallet.

People need a real reason to use bitcoin over fiat, and so far I haven't seen really compelling reasons.  That's heresy, I know, but to me bitcoin works much better as an investment tool and store of value than as a currency to be adopted for spending.  But we'll see.

But without real utility, why is it a good investment and store of value? without a reason to use it, why does it have any value at all?

This is exactly the question to put forward when prediction of increased adoption is suggested.

The simple "here and now" benefits of crypto that would spur adoption are the low fees and anonymity. The fees are climbing and exchangers nullify anonymity.

And there is no real utility. All utilisation now is created and not meeting existing needs.

Change that and adoption will spiral out of control=)


WTF are you talking about? It has value the same way gold has value, yet it is a much better version of gold. It's a hedge against market dynamics, a borderless store of value and protection against inflation and capital controls, these are all real utility that is happening now.

Lol at people trying to rate bitcoin with day-to-day shopping use when it's not ready for that yet.  Let bitcoin grow in the phase it strives in now until it's ready for the next phase... it will be less volatile then and there are a lot of good developments in the works (sidechains, LN)

Bitcoin's use will never be for that. The current system used for day to day shopping works perfectly. The banks and the payment processors that are established are all giving efficiency and convenience to their users so Bitcoin has no place in it. Where Bitcoin thrives and will thrive more is in the black market and online dark markets simply because the banks do not serve that space.


 Roll Eyes


Another one of these guys....

332  Economy / Speculation / Re: The adoption boom is coming on: November 29, 2016, 04:57:25 AM
Eh, I'll believe it when I see it.  I do think something along these lines is coming, but none of us knows when or to what extent adoption is going to rise.  Having hope and really bullish thoughts doesn't really help anyone, and that sort of thing can be detrimental to your wallet.

People need a real reason to use bitcoin over fiat, and so far I haven't seen really compelling reasons.  That's heresy, I know, but to me bitcoin works much better as an investment tool and store of value than as a currency to be adopted for spending.  But we'll see.

But without real utility, why is it a good investment and store of value? without a reason to use it, why does it have any value at all?

This is exactly the question to put forward when prediction of increased adoption is suggested.

The simple "here and now" benefits of crypto that would spur adoption are the low fees and anonymity. The fees are climbing and exchangers nullify anonymity.

And there is no real utility. All utilisation now is created and not meeting existing needs.

Change that and adoption will spiral out of control=)


WTF are you talking about? It has value the same way gold has value, yet it is a much better version of gold. It's a hedge against market dynamics, a borderless store of value and protection against inflation and capital controls, these are all real utility that is happening now.

Lol at people trying to rate bitcoin with day-to-day shopping use when it's not ready for that yet.  Let bitcoin grow in the phase it strives in now until it's ready for the next phase... it will be less volatile then and there are a lot of good developments in the works (sidechains, LN)
333  Economy / Speculation / Re: Bitcoin 2017 Predictions on: November 28, 2016, 05:04:15 PM
Every single price prediction poll in bitcointalk.org has been WRONG, 100% of the time.


So look at the most popular choices and rule them out because it is definitely not happening
334  Economy / Speculation / Re: The adoption boom is coming on: November 23, 2016, 05:12:51 PM
ITT: OP leaves the discussion  Cheesy
335  Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;) on: November 21, 2016, 07:28:10 PM


Fuck that.... 10BTC is worth $7K now... these guys had to donate significantly less back in the day
336  Economy / Economics / Re: How many Bitcoin do you have saved? on: November 21, 2016, 06:24:44 PM
Currently 2 btc but keep growing as I'm keep investing every month from my main salary.
As you know that finally We can grab some profit since bitcoin reach highest value recently

Code:
[img]https://i.imgur.com/04HJMXA.png[/img]

I think you're an early bitcoin adopter , aren't you ?  Cheesy


No, my first bitcoin was bought in October 2013, I put in $40K of my own money into bitcoin since then

I keep buying to save up as much as I can in the hopes that BTC will be worth a lot more in the coming years


Really? Even in my country i would also spend quite a lot of years in comfort with an amount like that, it may not be enough for retirement though but it is not less at all, if i had an amount like that i would have been having a beautiful car by now which is one of my dreams.


My rent alone is $2000/month... so within a year I will already spend close to half of that amount. Then I have food, car insurance, house maintenance, tax, etc.... America is not cheap. Maybe I should move to one of your countries and retire for a few years
337  Economy / Speculation / Re: The adoption boom is coming on: November 21, 2016, 06:20:26 PM
I don't think mainstream adoption is coming at all. How many people use bitcoins to purchase stuff from Overstock?

Bitcoin is behaving more like an asset class (gold, property etc). People who want to store wealth away from the prying eyes of govt. People in places like Venezuela and Argentina who are dealing with delinquent currencies and want something to hold it's value.

But in the west normal fiat will continue to be used to purchase the necessities of life.

Bitcoin is one of those things that becomes more useful and more beneficial to all parties as more adopt it and use it. Right now it's not convenient for someone to use bitcoin if you don't already have it. For those who do already have it, most would rather hold/save them like myself. But bitcoin does bring benefits to all parties doing a transaction, these benefits are realized when more and more people use and accept bitcoin, as the in-fracture develops and as apps become more simple and convenient to use...  mass adoption is definitely coming.
338  Economy / Economics / Re: How many Bitcoin do you have saved? on: November 21, 2016, 04:02:04 PM
Great amount of bitcoins so far, I could  retire with that amount and live a simple life until I retire.


[img]https://i.imgur.com/04HJMXA.png[img]


Impossible to retire with this amount in America... I will be living in the streets within a year or two. Where are you from?
339  Economy / Speculation / Re: The adoption boom is coming on: November 21, 2016, 03:54:58 PM
I've been expecting a new all time high for a while and it hasn't happened, but I believe it will happen soon. From everything I have seen it looks like liquidity is weak and demand is high. OTC liquidity is harder and harder to come by. Big money still wants in as the store of value use case continues to prove itself, especially in India, China and Italy.

Mining investment continues, we saw a 10% jump in difficulty at the last adjustment. My pet theory is that it is miners who are providing the liquidity despite most of them being long term bullish, not just to pay expenses but also in an attempt to keep the price artificially low to protect their market share by keeping mining less profitable for new entrants due to upfront costs. But with each dump attempt, the liquidity gets soaked up and held. I believe that this market share protectionism is also primary in the blocking of SegWit as well.

The boom is coming though, first from smart money and then mainstream money short behind. The next three months will see the launch of the major projects that will make owning at least a small amount of BTC a must for many. These are t0, MegaUpload2/BitCache and Yours.

First will be t0, which will be the home of an offering from Overstock. This chain anchors into Bitcoin and will prove out the digital land use case of Bitcoin. On chain anchoring will become the standard for all blockchain projects in the financial sector, and as other chains are forced to anchor investors will get it and come in just in time to make money before adoption becomes mainstream.

With MegaUpload2 succeeding in its crowdfunding campaign, it vs set an end of January launch date. This is going to be the first undeniable use case for mainstream users. Anyone who wants to download from MU2 will need to have at least a buck or two of Bitcoin.

Finally Yours will bring it home. Content creators will monetize on this platform and content consumers will be forced to buy Bitcoin to continue consuming their content. Yours will kill Q&A services like Quora, digital marketplaces like Shutterstock and likely many other business types we can't quite determine yet.


There are many challenges with monetizing content creation as we have seen with Steemit. I don't see Yours killing services like Quora anytime soon if ever. I agree with most of your other assessment though, but if miners are long term bullish it seems counter-intuitive to get rid of BTC just to keep other miners out
340  Economy / Economics / Re: Tell me your predictions about Bitcoin on: November 20, 2016, 03:53:28 PM

I'm also thinking of it that the bitcoin price might go up to $1000 this year or early next year. And this would a good news for us in bitcoin community so we can invest more using our bitcoins.



Early next year I think is good start for bitcoin. I am also predicting that it will touch $1000 next year since there are many good news and  company launching their services using bitcoin. Let us just hope that it will happen.
i think bitcoin can achieve the 1000 USD level in 2016 if it continue its progress in the same way, and in 2017 it can even cross the all time high level, as people trust on bitcoin is building day by day and they are investing their money in it therefore it is expecting that the price of bitcoin will increase too much in next few months.

I'm also believing that the price of bitcoin is going to reach $1,000 for this year and with a news that Switzerland central bank is now planning to do something for the acceptance of bitcoin. This is a big factor that bitcoin will reach to thousand dollar value it maybe earlier before the year ends or sure thing for the first quarter of 2017.


Can you provide source for this new? Thanks
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