It looked exactly like an 8 (I won't post pictures because I'm a gentleman)
I think this means that we're heading 800$
What do you guys think?
Anyone else taking shits that look like numbers?
This seems like an accurate prediction. But maybe the eight meant eight figure interim prince? we are headed towards 1MM finally. |
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Do you prefer to save in paper (fiat currency) or into a company that produces goods and services that are very appreciated and needed ?
I wish I could get rid of all my cash, it's so annoying to handle with papers and let alone these rusty physical coins. It's really primitive once you've used Bitcoin on a smartphone + QR code for a while. |
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Assuming an oceanographic distribution, with your average codfish of about 9kg representing your typical user with with 1 bitcoin.
Your average adult whale is around 190,000 kg. Which corresponds to just over 21,000 bitcoin. Thats coincidentally so close to being 1/1000th of the total coins so it might as well be 21k
10x what it takes to get in the vlad club... sounds whaley to me.
Best answer so far in this thread! It also seems very accurate, indeed. Five digits holding is to be considered a whale, as a rule of thumb. Even if you hold 5 figures you would need luck and certain rumors (possitive or negative depending on where you want to go) to make people follow you and gain a solid traction towards a mega bubble/mega crash. |
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Same thing as I'm doing at 222 USD, holding it and celebrating its usefulness in avoiding international transaction fees.
Long live bitcoin!
This, i would keep holding too. Reaching ATH again would only mean one thing: Bitcoin is a resilient beast that can recover from a massive crash and reach ATH again, which makes everything possible, so why the hell would you sell there. |
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The kicker is everyone goes on about how fair it is when you look more closely its just changing the bankers for the lucky early adopters which is a shame. Do not get me wrong i am in it either way as it is better than the old system but it is far from ideal Well what would be "ideal"? There is no such thing I'm afraid. You can't just disconnect money (a medium of exchange) with goods/services that it represents. Imagine a barter system, how would you prevent the motivated and business savvy from accumulating wealth? I think the answer is that you can't and that's perfectly ok. What is needed is take away the power of law to legally force a currency on people. That is what BTC represents, the decentralization of power, not the complete removal of wealth from those who are driven enough in life to accumulate it. You can be powerful by accumulating assets, but that is a huge difference from using state power in tandem with your wealth. Cronyism is what I'd like to see diminished. There's no such thing as ideal distribution, unless you are a Communist... What's needed is fair rules that cannot be bended and transparency on those. This is what the blockchain is. For the first time in history, a form of capitalism where insiders cannot change the rules behind the veil has been created: Bitcoin. |
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That buy wall is certainly starting to get destroyed, I can see the gap!!1 definitely we are approaching 300 by tomorrow.
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you should buy a boat
Thats not a good advice. That will depreciate the price by half on purchasing, and is a loss Not if it's a nice boat that you can lend to people for money. It's all about trying to find passive income with your investments, thats what I always try to do. |
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I assume this from a news site. You should link to the site beyond copy and pasting the entire article IMO.
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I just feel bad for those who bought bitcoins at the high rate of $1000 as they must have incurred such a huge loss as since about a year, the price has never reached even $350 and now it seems it will take another year to reach $300. I just do not want the rate to go blow $250.
They would up with x10 gains if they were able to hodl for 10 years, but most people simply aren't cut for long term investments and this is one. |
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Interesting indeed. Not sure if it's a great choice for an airplane fight tho, most people always watch comedies and whatnot, light stuff. |
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Yes, just like when bitcoin first came out in 2008. People never have enough of what they wanted. If bitcoin did succeed, that would be good for those who have an abundant amount, but for newbies it's going to be very hard.
You still have plenty of time as a newbie to amass a decent amount of BTC and call yourself a pioneer, this low price is a great opportunity. |
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He really doesn't understand tech.
He is trying to stay away from things he doesn't understand.
He obviously fears bitcoin, quite likely because he knows he can't understand it. He seam to always made his buck the same way, like he is still doing now, and bitcoin threatens the way he learned to do business, so no wonders there why he is against it. I remember watching his speech where he was proud to say how he likes longterm businesses that have the same brand advantage and certain prestige that doesnt fade out, too bad he didnt realise how bitcoin is the next one to dominate the market, increasing strenght with every passing year. Its time for changes, and all that wealth he accumulated over the years is going to be worth a lot less soon enough, leave the old man in the past where he belongs. cheers He is a total dinosaur of finances like it has been said before, he doesn't see the paradigm shit coming, or indeed he sees it and sees it as something that can damage his classic-style assets since once Bitcoin goes global it will disturb things at unseen levels. |
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Starting from 1000 coins in my opinion.
1000 coins is nothing in the grand scheme of things. You would need at least solid 6 figures to create a small trend then hope people follow. |
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Op I can tell you one thing. People already invested so much in bitcoin that is is not advisable to resign in a half way. Nobody who was interested in bitcoin will quit just because price of bitcoin are little low now. So bitcoin is no dead at never will be.
Indeed, we have a solid group of whales such as the Winklevoss brothers that in no way are going to sell because of short term views on the price. |
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To think the middle class is anything but what the average person earns just goes to show how fucked up this planet is.
So anyone earning a $1 more than the average is upper class income? Middle class is a range...it has to be a specific amount above and below the average or median household income (depending on which number you subscribe to). Well you have to stablish limits to start considering something middle class or upper class, it's silly that only 1 dollar can make the difference but like i said before there must be limits. |
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I'm about to pay an invoice for a domain. It cost $10/ year but the bank take $7.5 in transfer fee. 75% in fee  That is ridiculous and this is why Bitcoin will succeed in the long run. 75% fee sounds ridiculous. However this is probably an international payment involving SWIFT and some very cumbersome processes for both the sending and receiving bank. Based on that they can probably defend the fee, since it covers their cost. Have you tried offering your provider to pay, say... $12.50 worth of BTC directly? That's sounds like a win/win to me. Banks (pretend to) struggle with international payments. Bitcoin does it easily. You need to go through so many hops to do international transactions, specially annoying when you just want to send it to a friend. With bitcoin you could get in skype and in the middle of the conversation share QR codes through webcam, it's so cool if you've never done this when you do it you understand how it's the future. |
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That's a misleading tweet, the linked article was just "opinion" of a guy who invested in BTC. There is no official things from government. I thought BTCchina misunderstood "lawyer" to "law maker". Yea, it's an old linked article an all, but you know speculators look at anything to get insider scoop. Any tweet from a half way legit source, and they take it as gospel without real confirmation. You know the saying...BUY THE RUMOR! Exactly, always dig into the facts. The truth is out there! It's very true, what we don't know if when and if the whales buying in the auction will dump, or hold. |
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I can confirm that his is a hit with bitcoin plebs. My friends whose are clueless about bitcoin enjoyed it and got interested. They want me to send them bitcoins for free now tho lol.
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The biggest issue I see with the Chinese exchanges is them paying out interest, that scares the living hell out of me.
Seriously? If that's the case, they're headed for a major crash, and not too far in the future. That kind of thing only happens in a major bubble, or in the presence of incredibly stupid monetary policy. That's a sign as strong as no-income, no-assets, zero-down-payment low interest loans in the US mortgage market was. It's them running a ponzi and fractional banking and yeah they can disappear anytime but hopefully the Chinese government putting the people who do this in jail will scare them enough to stop. I don't think the government cant do much beyond what has been already done, china bitcoin is already marked as regulated. |
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Bitcoin is probably the single biggest threat to the USD and therefore a threat to China.
How can it be a threat to china if it makes USD weaker? Anything that makes USD weaker is good news for china. |
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