The worst investment ever was to buy into cloud mining on CEX. I bought in at 0.012 / GHS and when i sold, i had to sell them for 0.004 / GHS. The earnings from cloud mining on CEX were terrible as the fees was through the roof at all times. They suddenly stopped mining altogether and thats why i saw no future and sold what i had left at the time. This was my biggest mistake. I am still at $536 in the hole and it burns my ass every time i think of it!  i had also invested a small amount in cex ghs and luckily managed to get out quickly after seeing the rewards nearly vanished due to the fees they handle. sorry to hear man. most people were expecting good things from the cloud contracts. |
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I expect exaggerated expectations.
Zoom out! I expect a 10x price increase. It might start a couple months before and take a long time after having day to play out fully (like last time it took half a year or so). Right after having day itself I wouldn't be surprised to see a sizable dip even. a 10x increase from current price? nah, surely not. i expect such predictions to come from newbies and other people who are not realistic. definitely not from a member as you. It's not that bad to dream about unicorns every now and then, but hey! Maybe it would happen in the future, but next halving it will be highly unlikely. I expect just a 100% - 200% at most price rise if you would ask me. That is already a realistic guesstimate by me. 100% indeed isn't unrealistic, although i think that already is a bit on the high side. 50% less supply doesn't mean a 100% price increase, but of course we hope so. |
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Many banks will miss bitcoin.
for a good reason. it's everything they don't like, especially the no control over the value is their biggest problem. they will create their own bitcoin like currency at some point. |
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With 0.8 billion VC funds expected to enter bitcoin companies in 2015 do you really think bitcoin is dead? The party is only just starting. Just wait until ETFs come online or the next price surge sets another adoption wave.
Exactly, too much money has entered this ecosystem for it to be dead. Now, it's true that the price is currently not reflecting this positively but that's why smart people are reading the signs and hoarding as much as they can, while others, less smart are asking questions is Bitcoin dead? Don't let yourself not seeing forest from the trees! people who think bitcoin is dead just don't know what bitcoin is and what exactly powers bitcoin. these people are horrible investors. let them think what they want. they will regret not buying. or they will buy at the peak when it's too late. |
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Bitcoin is not a great store of value (5) and it's a terrible unit of account (2). I would give Bitcoin a score of 8.0. I expect it to improve in the future.
can you explain what makes you say bitcoin is not a great store of value? is the current volatility the problem, or is it something else? |
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US dollar is going to die in 10 years.
Euro will die as well.
Bitcoin will replace them.
And in 20 years local countries currencies will be gone.
you are living in a fantasy world. wake up! what you say doesn't make sense. the only thing that makes a little bit sense is that the euro might stop existing. bitcoin won't replace any major currency. |
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The reason is simple. I will soon have to sell a double digit amount to pay for certain expenses, which I will later have to buy back. Every single time something like this happens the market moves against me. You are welcome.
More than that, check out the 3 day chart on bitcoin and you'll see the classic cup and handle forming. Maybe it will take just over 2 weeks to play out but expecting us to break $600 someime in next month. You Sir, made my day. I see the delusion is still strong in the community. My job is not done yet. your job is not done yet? what job are you exactly talking about. creating plenty of brand new accounts to spam the forum with ultra bearish nonsense? well you gotta give him some credit here lol. cause actually some newbies can get influenced on these type of threads and end up denting a small fraction, you never know. the only credit I can give him, is for keeping the same bearish behaviour nonstop. he is more than consistent. i'm sure newbies can get easily influenced, especially by legendary members. |
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today i introduced bitcoin to a few people who are currently only interested in it for investment purposes, but eventually they might be interested in actually paying with it as well i hope.
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counting wallets isn't going to give an exact number of users as people own plenty of wallets. i personally own 6 wallets with a balance.
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no doubt it is far superior than any other currently existing fiat currency, but only a small amount of people realize that. but it takes time i guess to see more people using bitcoin.
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the price has been hanging just a few bucks below the $300 level. looks like no one yet is willing to give bitcoin the push to go over $300 and potentially trigger a small rally.
We've touched $300 in March and came back down to $220. This time hopefully will be different. Prices rose to $310 middle of this month and we did not trace down, but stayed above $275! May be it will be 3rd time lucky, $350 may be?  well the rise to over $310 this month was due to greece. currently there is no reason of why the price should go over $300. and it shows as it is pushed down again. |
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absolutely not. there is no point in thinking it ever will replace any major fiat currency. just stop thinking/hoping that it will happen. it will not.
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my dream for bitcoin is that it is accepted world wide in any shop, "offline" and online. that would be amazing, being able to spend my coins everywhere.
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it won't. there is no reason of why an altcoin should have any impact on the bitcoin price. once the price is high enough, be smart and convert everything to btc directly before it's too late.
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if you think it's the future then stay in the altcoin section and don't come here saying nonsense. go all in with everything you have and good luck.
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the price has been hanging just a few bucks below the $300 level. looks like no one yet is willing to give bitcoin the push to go over $300 and potentially trigger a small rally.
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the biggest advantage if you ask me is that you can send and receive money 24/7 which gets rid of the shitty working hours restrictions. it's 2015 and banks still don't process anything after and before working hours, also not in the weekends. that must change.
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I expect exaggerated expectations.
Zoom out! I expect a 10x price increase. It might start a couple months before and take a long time after having day to play out fully (like last time it took half a year or so). Right after having day itself I wouldn't be surprised to see a sizable dip even. a 10x increase from current price? nah, surely not. i expect such predictions to come from newbies and other people who are not realistic. definitely not from a member as you. |
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The reason is simple. I will soon have to sell a double digit amount to pay for certain expenses, which I will later have to buy back. Every single time something like this happens the market moves against me. You are welcome.
More than that, check out the 3 day chart on bitcoin and you'll see the classic cup and handle forming. Maybe it will take just over 2 weeks to play out but expecting us to break $600 someime in next month. You Sir, made my day. I see the delusion is still strong in the community. My job is not done yet. your job is not done yet? what job are you exactly talking about. creating plenty of brand new accounts to spam the forum with ultra bearish nonsense? |
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rich people mostly are looking to find ways to even further increase their wealth. the more you have, the more you want. that's how it works.
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