All the replies about what bitcoin "can do" and why it's destined to change the world... all these things, like ordering a taxi or buying pizza online... you can already do with this neat little invention called a credit card. They've actually been around for over 40 years...
Telling people here that bitcoin has maxed out is like walking into a heaven's gate meeting and telling them that there is no mythical space ship in the sky waiting to beam them to heaven. Members of this forum have been holding, and telling each other for the better part of a year that bitcoin is destined to change the world... just because it's so awesome and the sheep don't recognize it yet. Bitcoins are magical beans, you're all just holding and hoping to get rich. But the public is now aware of bitcoin and they're not interested. They don't care that it's centralized. People like centralization.
Why do you think libertarians only get 1 or 2% of the vote? People want a big government to look out for them, and even if they have an independent streak in them, they still don't want a digital currency, which can be potentially lost or stolen from them unless they're some kind of computer security expert. Not to mentioned the 60% decline in value in less than one year. If you think people will ever want bitcoin for anything other than speculating or gambling, then you must be smoking something.
Why would people want to use and save the best form of money ever invented? The same reason you do. The irony isnt lost on me the loudest detractors of bitcoin on the forum are those who secretly seek it the most! |
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We need to get to sub $10 to shake out all the weak hands.
According to my analysis, the next bull market will start in April 2017. That's the start of the mainstream phase.
Good luck with that. |
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No one has a crystal ball price could do anything up or down.
monkey does. he wants it down for another week. Would poking him with a pointy stick make him change his mind? Or monkey hookers and cocaine? EDIT: Gold has a rocket up its arse and the dow is back on course with its plummet, should be a push up but I'm not about to doubt the monkeys wisdom. Gold has been bouncing off the $1200 mark for past year and a half or so.... last time it went this low (it hit $1208.xx) was in July 2010, support seems strong enough at $1200 for a bounce off here ($1221 a moment ago) if it continues this will be its third bounce off of $1200, remains to be seen if it manages to break $1400 this time around... It seems like its caught by the balls but I've a feeling something big is happening at the mo. The ESF isn't the only one pushing markets around, there's an economic war being fought on them and I think the drop after the US found an excuse to drop bombs on Syria may have been an escalation. In that regard Bitcoin is a bomb ready to go off any time, its another chink in the dollars world reserve armour. Indeed, Gold is overdue a big move to the upside and it will come eventually, and is being pushed around at the moment and as you say not just the ESF, but it has got to give eventually, been a lot of accumulating going on past few years at a state level, looks like some players are considering a return to a partial gold standard and a basket of currencies taking the place of the dollar as world reserve. I think you are right, BTC could play a role in this as the currency wars continue to pan out, gold already is already fully in play, as is the printing press of course. If the perfect storm occurs the next proper move to the upside, when the time is right will surely take gold up past $1800 and on towards $3000+. What if the state level accumulation was primarily short covering? In Chinas case I do not think that is what is habbenang... sure some of the buying and this rally (and the previous few) did have a bump from shorts being covered, but China is looking like it may make a move to float the yuan and make it partially tied to gold, and they have been buying accordingly, other nations from Europe to the middle east have also been making noises. With the trillion dollars being printed a year by the US at the moment it is musical chairs time.... China is looking forward to what happens when the music stops. China still holds trillions of US treasuries, no? |
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if you google "21$ in bitcoin" immediately there is a exchange rate. Just like any other currency or formula you can google. Guess what? The world knows about bitcoin; its capabilities has been shown. Guess what? The world is NOT impressed by bitcoin, and uninterested. Bitcoin is disliked, and is not useful to 95% of the population.
I was around in 2011, and we dreamed of this day, where the world has been exposed to bitcoin. As the saying goes "be careful what you wish for", there really isn't that much going on for bitcoin, but furthermore, the future of bitcoin.
Bitcoin is the Segway of money. It works, it's moderately useful, and it's not going to change the world. Looking through your posts from 2011 it seems you were bearish then. You are bearish now. If you havent become fairly comfortable off bitcoin since then I can only assume you are one bitter man indeed! |
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Bitcoin has reached its full potential when you store your hardware wallet on your smartphone or hardware wallet. Additionally saved to your bitcoin hotwallet private key, you will have a pair of private car keys and the home key stored on your device. You will need the keys to start the engine of your car, and you will sell your car with transfering the token through the blockchain to the new owner in exchange to some satoshi.
Start using your brain and start to see the future.
You are soon flying back after a two week business trip out the country. Whilst walking through the airport departure lounge your phone PA agent app offers to arrange a taxi to pick you up at the other end and drive you home. You tap yes and via your inbuilt hardware smart wallet the agent instantly books a cab and pays with bitcoin. You order a beer and pay with bitcoin using the contactless payment system from your phone. Your phone offers to get the cleaner in to tidy up the house before you arrive home but you decide against it as the place wasn't too messy when you left. It is the end of the month and whilst you wait your phone bill and electricity bills appear on the screen. Bugger you think and tap pay as they are paid instantly with a few precious satoshis debited from your wallet. Today is the local council election and using your cryptographically secure election coloured coin you received last month you decide to spoil your ballot and abstain after perusing the available candidates. The cloud agent app informs the other smart devices in your home of your imminent arrival and the fridge responds that it is low on milk and groceries..would you like replacements ordered in and your usual schedule restarting? You tap yes and the fridge orders and pays for new supplies from your favourite supermarket instantly using bitcoin. The plane is delayed and the agent automatically delays the DAC autocab for you. You stretch your smart device to widen the screen and stream a new movie in 3d from netflix for a few bits. Finally you land and after picking up your luggage you walk out to the taxi rank. Numerous empty driverless autocabs are waiting and you hold your phone against the door of the nearest vehicle. It opens and drives you home directly avoiding all red lights and traffic. You lug your bags up the stairs to your plush flat and hold your phone up to the door lock but to your horror discover the battery is dead and you are locked out - damn iphone 10 - should have got the android. |
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No one has a crystal ball price could do anything up or down.
monkey does. he wants it down for another week. Why? |
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what don't you understand? 90% of bitcoins is owned by .0000001 % of the population. the masses can buy as much as they want. 1 click of the mouse bitcoin drops by $100 dollars, confidence goes down.
this thing is going to flat line at around $50 and just be some obscure form of exchanged used by degenerates.
Well said, couldn't agree more. Especially the last part. Ha!  |
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Point is that only 2-3 million people will ever have bitcoin because it is a failure and no one gives a fuck about it, and why would they? Most people dont give a shit and there is no good reason for them to start caring, bitcoin doesn't fix any problems the blockchain does , but the coin itself does not.
Someone tell PayPal, Expedia. Dell, newegg, overstock, dish etc.. Plonker. And yet the price continues tanking and the daily transaction volumes keep falling. You do understand nothing goes straight up right? Try zooming out on the price and transaction volume charts. |
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Point is that only 2-3 million people will ever have bitcoin because it is a failure and no one gives a fuck about it, and why would they? Most people dont give a shit and there is no good reason for them to start caring, bitcoin doesn't fix any problems the blockchain does , but the coin itself does not.
Someone tell PayPal, Expedia. Dell, newegg, overstock, dish etc.. Plonker. |
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Every thread like this brings the end of this bear market closer. I think we are at an interesting inflection. 30 minutes of heavy volume and the price rallied 10%. The price may fall further, but the major move of this decline is likely behind us. For all the book talking about lack of demand on the exchanges the risk/reward ratio has shifted perceptibly away from the short side. One or two more unexpected surges on positive news and none in their right mind will short bitcoin..
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I am sure the same arguments have been trotted out in previous cycles.
It all sounds reasonable but the fundamental properties and original concept of bitcoin attracted all of us - just as it will attract the next cohort of users.
Patience!
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He was a bit annoying. But i did lol at the 'Warren Buffer' thread. Also the 'bitcoin is rat poison' was good. The rap was pretty hilarious, too.
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Well we should hopefully start to drift upwards. Just need a little prod. If we can get above and hold 450 then bears will start to sweat! Doubt is already percolating through |
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you fools, the price is still lower than one week ago and already you believe we've broken the downtrend? do not buy into this false recovery, or you will get burned.
Dead cats attack over and over? He has a point:  You are agreeing with falllling? Caught on the back foot today?  |
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Was Loaded's cryptic smiley a 'blue horseshoe loves' moment earlier? |
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Hey Severro
Where'd you go?
I think he had some kind of tailoring emergency, reports are that he ran from the building screaming something about his shorts. LOL. I actually did.. |
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Severrooooo...oh Severrooooo.....
Awfully quiet in here |
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feel the balls of steel of bitcoin !
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bitfinex finally updated
shorts:
was 11,325.44 BTC
now 10,604.50 BTC
~750 coins covered thats it!? run for your lives!!!! What percentage of these coins are for walls and what already sold? That is great news. Huge number of coins still to be rebought as they are closed if the price moves slightly further up. |
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Only people with coins can dump Nope, i just took a dump Ha. True. In other news we can expect the bears to start posting something, anything to encourage others to sell |
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