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I don't think that third world countries are necessarily going to "adopt" bitcoin, but I think there can be strong inroads for usage of bitcoins as being the primary vehicle for transferring remittances in those third world countries. I mean, the fees Western Union charges is quite ridiculous. But there's a lot more in the way of infrastructure that needs to happen before this can be the case.
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I'm just going to throw out $2500 as the peak for the next bull run. Something in me feels like the logarithmic rise isn't going to hold this time around unfortunately. But hey, $2500 will put the BTC market cap at over $30B. Not too shabby right? Especially considering how many people are in the crypto-currency realm.
Although, I wouldn't be surprised if in the next 2-3 years the cap breaks the $100B mark.
I'm going to "outbid" you by a bit. The next big up move should peak at $3,400 or up to $4,998. Based on the past, I could be highly correct and still sell way too early. Fair enough. I personally don't think pushing a cap over $50B is too far-fetched. Although, I don't know if there are too many people that follow your sentiment (as a response you already gotten hints at). I'll be honest, I like the sound of it hitting higher than I said, but just based on the ATH upswings having gone ~13x, then ~7x, then ~4.5x, ~2.5x "feels" right. Fortunately, I've done fairly well the last two run ups, and fortunately I hadn't sold way too early. Of course though, I've also sold at stupid times too. (I guess selling at $240 last April and $1050 in November offsets selling a bunch last August for $100. Ha! In my defense, I did it to make the person who I thought was the love of my life happy so yeah...) |
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I'm just going to throw out $2500 as the peak for the next bull run. Something in me feels like the logarithmic rise isn't going to hold this time around unfortunately. But hey, $2500 will put the BTC market cap at over $30B. Not too shabby right? Especially considering how many people are in the crypto-currency realm.
Although, I wouldn't be surprised if in the next 2-3 years the cap breaks the $100B mark.
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My opinion: Your effort and concern is genuine, but i dont find sense into reviving scam/abandoned/outdated altcoins other than some financial gain, which is clearly against the spirit you propose.
If you gather that kind of people, you will do a lot more joining and supporting existing coins with special atributes and an established base that maybe is just lacking a bit of new blood.
I mean, let the natural selection select...
My 2 litoshis,
I agree with this sentiment. The main purpose is financial gain (not saying that's "wrong") which kinda is pointless. Why not just take the hit of the loss and use the experience to make a better judgment on the next coin? The purpose of the foundation would not be financial gain, but to strengthen altcoins in general. Coins are made to be decentralized, but with closed off development accounts to further the coin, the community needs control and ownership of the code. If you strengthen too many coins that pretty much have nothing particularly unique to them doesn't it just dilute the effort? Why not use the community you gather to develop a coin that is already strong and make it stronger? You say that this isn't about money, but in your first post you talk about people who are left as bagholders (both with mining and buying from exchanges); this implicitly holds that the purpose of this is to further the financial strength of those coins so that they are no longer left as bagholders. In other words, financial "gain" for the holders of those coins. Don't get me wrong, I think it's a nice sentiment, but I think those efforts could be put to better use. If a coin is "dying" there may be reasons for it, even if they have a "solid" foundation. |
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My opinion: Your effort and concern is genuine, but i dont find sense into reviving scam/abandoned/outdated altcoins other than some financial gain, which is clearly against the spirit you propose.
If you gather that kind of people, you will do a lot more joining and supporting existing coins with special atributes and an established base that maybe is just lacking a bit of new blood.
I mean, let the natural selection select...
My 2 litoshis,
I agree with this sentiment. The main purpose is financial gain (not saying that's "wrong") which kinda is pointless. Why not just take the hit of the loss and use the experience to make a better judgment on the next coin? |
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The price has almost doubled since it started.
Not quite double, but for all of those that bought during the initial sale, they'll be making .55 BTC per share plus whatever their shares have brought in so far. Which isn't all that bad. (In full disclosure, I sold quite a bit of mine at .025, but I'm at the point now where the "dividends" plus shares I sold are now equal to what I initially put in. It's kinda like got those shares for "free" and every "dividend" that is get is just extra icing on the cake.) I can't recommend buying shares at this moment though. It's hard to convince me that the amount that can be gotten is worth the risk.I'd agree with that. I bought in 20 of the initial shares and sold them all off after 3 days for a decent profit. I just don't see them making a positive ROI if holding onto them long term. Yep, pretty much what I did, got made a few BTC in "profit" from it. If you're there for the market opening, every thing they make available goes way over value on cryptsy straight away; an immediate parabolic and crash quite seperate to any other market forces.
Yeah, that pretty much is what happens with a lot of things so often. Oh well, quick profit I suppose. |
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The price has almost doubled since it started.
Not quite double, but for all of those that bought during the initial sale, they'll be making .55 BTC per share plus whatever their shares have brought in so far. Which isn't all that bad. (In full disclosure, I sold quite a bit of mine at .025, but I'm at the point now where the "dividends" plus shares I sold are now equal to what I initially put in. It's kinda like got those shares for "free" and every "dividend" that is get is just extra icing on the cake.) I can't recommend buying shares at this moment though. It's hard to convince me that the amount that can be gotten is worth the risk. |
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I believe both the chinese, the russians, and some investors have jumped on the Noble coin as it is increasing in value.
That, and there are rumors of it being listed soon either on cryptsy or mintpal because the devs are taking action in that direction with all their resources.
The DEVs refuse to bribe exchanges, that is why it has been so low so long but now they will pick it up just to get their rake. Indeed. Although, if Rofo is able to put some of this price upswing to good use, I'm all for it. |
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To be fair, the etymology of "whale" in the crypto-currency realm derives from the term "whale" in gambling. A "whale" amongst gamblers is a person who is a high roller and is able to wager or put in large amounts of money.
Given that past etymology, it actually feels kind of "natural" for people with large pools of money to "gamble" on a crypto-currency to be considered whales. In fact, a lot of this transfer in terminology came from this exact reasoning.
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Well, looks like NOBL has gotten quite a bit noisier. We'll have to see if this level is sustainable. In any case, the added publicity to NOBL is always a good thing and I think it'll help out NOBL in the long run.
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Intresting development, looks like a lifetime contract. Ill buy some but i dont expect to make much profit unless btc diff drops
If btc diff drops that much, then there is probably something seriously wrong that will cause the price to drop, so, what I'm trying to say is that there is about a 0.00000001% chance that these things will be profitable. It seems that the market is starting to "quiet down" in the sense that prices are lowering. But even at the current prices, a lot has to happen to make ROI on these contracts. You never know though, Cryptsy could change the function of these shares to somehow make them actually "profitable." I can't believe how many people here think this. As long as the price of your shares don't drop in value, ANY return is profit. There are no sunk costs at all. You need a ROI that exceeds the cost of the hardware only when doing the mining yourself, because you won't be able to sell the miner for the same price you paid for it. Just watch the share prices, and sell if the price drops lower than your purchase price with accrued interest. It's like buying a bond: The vast majority of bonds that people buy offer MUCH lower interest rates. That is "if" you sell it for an equal or higher price of what you buy it for. But I don't see people being able to sell shares that they buy at .0275 for the same price in the future. The implicit assumption is that you buy a share with the intent of making a return after all transactions. As for a bond, "profits" aren't "realized" until time of redemption. In this case, it's when you sell your share (or when the value of the fixed income passes the original purchase price). The difference is that there is no guarantee you will sell your share for the amount that you bought it for. |
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So just gonna throw this out, the price of BTC is going up (in terms of a trend), so the price of a lot of alternative crypto-currencies will follow suit. This will include NOBL. The trick is making NOBL stabilize at a higher peg. I think the great development that continues between Rofo and his team will do a great job of creating that stability.
Every time I check the prices I'm amazed on how underrated this coin is. I'm not looking into a massive pump for it out of the blue and i'm more that happy with a linear growth but still , the coin is behind a full pack of junk coins with no reason. People are weird sometimes. I know man, I know. I think the main problem at the start was the honesty. My theory is that a few of the big players with interests in competing coins didn't like the transparency and therefore blocked attempts to get on certain exchanges and services, along with the stigmatism that has been given (but didn't exist at launch) to coins with a premine. Things seem to be looking up for us recently though, I guess mostly due to still being around and still sticking to our principles even after they have repeatedly been challenged. Anyway, I know I am here for the long run, and I think there are some great members of the community who feel the same. I think the best strategy is going back to the golden age in BTCWhen people didn't really cared about the price , made fun of it going 1 cents or two cents up and down and were a lot more interested on the development and mass awareness. So my take would be to ignore exchanges and focus on the coin and it's projects. I too am amazed at how relatively low the price of NOBL remains. But really, working on improving the coin and the existing infrastructure is the best way to approach things for now. I mean the My Noble Act is a great idea that will bring awareness to Noblecoin and aligns perfectly with the mission. A lot of the people have stuck by the community despite how difficult it can be at times and the community keeps bringing in new people too. Noblecoin really isn't a flash in the pan idea, and it's taking all of the necessary steps to show that it's going to be here for the long run. |
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I thought now might be a good time to show some more services in the works for NobleCoin in the coming month while we wait for the Gold/Silver to be finalised on our end for the marketplace.
Noble Steps (Crypto Kickstarter) – Coming April/May
My Noble Act - Coming April?
What is My Noble Act?
My Noble Act is a website developed by our community member a3tje_ which promotes and encourages the sharing and doing of good deeds. It will work alongside The Movement & Steps and encourage people of all ages to publish and share something good that they are proud of achieving. Not purely restricted to NOBL or cryptocurrency, a3tje_ hopes it inspires others to do their good deed for the day.
A3tje_ has been very busy working on this site in the background, and it’s on us a little to help flesh it out with some ideas and acts!
 Wanted to release some additional information about the www.mynobleact.com website. The site in the last stage of release, I am looking for you to help me getting the site filled / tested  The site is created to promote Noble Acts / Noble Deeds, from a charity / an individual or a group. Any Noble Act / Noble deed can be posted at the site under the category(I am Noble), allowing you to inspire others and also giving them the possibility to donate some NobleCoins. Besides this you can also post Noble Acts for the future under the category(I think Noble) and ask other to join or to donate! As a NobleAct from the NobleCoin development (thanks Rofo) , I can announce that ANY legit post on the site will be rewarded with 5000 NobleCoins! The reward will be transferred to the NobleCoin Address in the post. Become really Noble now, and use the steps below: - visit www.mynobleact.com- register yourself - post your own Noble Act - walk around with a BIG smile and be proud of your contribution to the community! - optionally you can write me a message with feedback about the site Please note that posts needs to be validated (by moderator / administrator) before they become visible, thank you for your being patient Wow, this is just brilliant and amazing. I mean, what else is there to say? Great job you guys! |
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Intresting development, looks like a lifetime contract. Ill buy some but i dont expect to make much profit unless btc diff drops
If btc diff drops that much, then there is probably something seriously wrong that will cause the price to drop, so, what I'm trying to say is that there is about a 0.00000001% chance that these things will be profitable. It seems that the market is starting to "quiet down" in the sense that prices are lowering. But even at the current prices, a lot has to happen to make ROI on these contracts. You never know though, Cryptsy could change the function of these shares to somehow make them actually "profitable." |
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If USD collapses, then why would 1 BTC only be worth $40k? And secondly, why are you pegging it to the USD if you're so confident that the U.S. economy will collapse?
exacly, we should peg it to the price of oil, or corn, as in BTC/corn, BTC/oil I concur, if BTC is meant to be a currency (which I hope it is rather than just a financial vehicle), then it would make sense to start treating it as such. And if it has to be pegged to fiat, it should at least be the fiat of an economy that will remain strong once everything hits the fan. I agree that the USD isn't dead in the water yet. Of course as someone else mentions, the amount of debt that the US carries is staggering, but still there is more to it than just that. |
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Bitcoin is CHANGE without firing a single shot.
This is very much true. [Although, whether shots are fired because of it is a completely different story.] |
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the price *is* stabilizing. this last run up to 1200 and retrace was three times less volatile than the one in 2010 and two times less volatile than the one in spring 2013. so in four more years, volatility would be several times lower, while prices would be an order of magnitude higher. it's all good.
This is very much true. In general, the variance of prices have gone down quite a bit when compared to other past run-ups. |
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Signing up for this month again:
Starting Posts: 386
Bitcoin Address: 1McsWyhHa9eFuHqtjHmA4wP6WNVfRvDVNA
Starting Posts: 583 Bitcoin Address: 1McsWyhHa9eFuHqtjHmA4wP6WNVfRvDVNA |
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Or maybe the problem is that the agreement between the huge BC holders not to sell is crumbling because a few people got greedy and once they saw some people were breaking the rules they all started selling some of their stashes to make sure they didn't get stuck being the last bagholders?
Game theory in motion frankly. But that isn't necessarily it. A lot of time when you throw in an unstable variable (i.e. market makers against sellers), it inherently creates a "chaotic" kink into a system. But like a lot of this scene, it's all about screwing others while keeping yourself up as much as possible. Ironically, even if it was just a natural market stumble, I bet some of the people in the agreement assumed it was on of their "partners" breaking the rules, and took reactive steps which led to the market stumble becoming a cliff. Yeah, that's usually what happens in these types of situations. In general, it's pretty hard to trust others in this particular scene. And well, that's the nature of the beast. |
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Best of luck with this. It's a novel idea at the least. But I don't think that giving much promotion here will do a lot of good. If your goal really is to spread word about crypto-currencies to a different audience, there definitely are better places to promote at.
Once again though, good luck with this novel idea.
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