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number of transactions per day continues it's relentless march higher. Bitcoin is fulfilling its function. Cheap fast transfer of value. Still feeling bullish, will continue to hodl.
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It's a slow day today relative to the past few days, so just something to think about:
We all know that due to the QEs, the major countries like the US, the EU and Japan are printing massive amount of money. As a result, these governments carry with them huge burden of debts which some think that there is no way of repaying.
The smart people in the government of these countries must be thinking how to solve this problem. Because there is no way to repay this massive debt within the financial system (as we know it), the debt must be repaid outside the system. What is outside the system, you ask?
The debts are denominated by the respective country's currency. Bitcoin or other cryptocurrency exist outside the system. Hypothetically if the government is Satoshi, and eventually, the world uses Bitcoin as the global currency, there would be no problem for the government to repay its debt because by that time, country's currency would be worthless and the government would have become the single largest holder of bitcoin.
This is purely speculation. There is nothing to support the hypothesis.
Pretty sure there is not a single instance in history where a government stops digging, and fixes what it has fucked. I mean why would they? The government is not some intelligent, powerful being.....it's a group of socio-paths who only care about their own powerbase. These types of problems can always be kicked down the road for the next guy, right up until they can't, and by then it is way to late. |
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BTC please feel free to stay at this price for another month or so, then a several order of magnitude rise would be nice. Thank you.
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I think bitcoin dropped has been dropping and might continue to drop (     ) for many many reasons, none of which I or anyone else could predict and so I and a lot of poeplez bought in too early... I honestly thought the "bubble" would "pop" and then blow up again and just get bigger as larger and larger waves of poeple started to convert their fiats to bits!!! Sadly a lot of things blew up in our faces ( the bubble(we kinda saw that one coming but still it went KA-FUCKING-BOOM), mtgox, china, bitlicense, etc... ) needless to say things didn't go as planned, and people lost shit tons of money and or "net worth" ( unrealized profits ). Now Investor confidence is extremely low, traders are playing hot potato trying to get 1% on a quick bounce, and early adopters and or large BTC whales are cutting loose, and even I am having bearish thoughts!! I don't have to tell you things are bad, everyone knows things are bad... hoist the colours.Relax man, BTC is still toiling away, slowly moving towards what it is meant to be: a trustable banking solution to the billions of unbanked. The infrastructure is being laid down faster and faster. Like a train line that is expensive and useless until it is finished, BTC is going through the growing pains that accompany moving from speculative asset to useful asset. Think about all that has happened in the last year, and realise we have a lot less to be worried about now than we did then. Plus if all else fails, the darknet is still growing strongly, and BTC will always reign supreme there, soon the kiddies won't remember buying drugs any other way. |
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You guys still keep falling for these traps??
No trend has been broken on Huobi/Okcoin. Don't think this is the start of a new rally, just more people getting suckered into buying bitcorns from bagholders.
You guys are getting still Goxed.
You sir, have been goxed.
agreed, just another dead cat bounces agreeing with yourself is a bit like talking to yourself in the 3rd person. Time to check yourself in to the ward. Don't worry, I hear electro shock therapy is hardly used there any more |
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the poor aren't buying iphones. They are buying cheap androids and now the Mozilla phone. I agree with the OP. If this get mobile payments in general more accepted, it will benefit BTC more than apple in the long run.
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falling you have serious issues.
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apple pay... is going to flop.
I can't even use it, because its for US only
I can't use receive 1$ payments because it will cost 5$ in fee to do so
I can't use it to send money to africa because ...well idk why not...
I can't use it as a hedged its USD's
I'm sure the user interface will literally be 1 button "BUY NOW!", and this is very wow, but i dont care...
I can't believe i feel compelled to state such obviousness...
Apple products have generally been decent in their ease of use arena, and if bitcoin can learn and steal from apple in these regards, that could be helpful to bitcoin... I am really looking forward to the days when various ease of use apps become more common in the bitcoin space - whether it is for buying, selling, trading, purchasing, storage of value, transferring, etc. ^^^ this. i feel we are getting there though. Everything that is happening over the next 12 months looks pretty bullish to me |
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The slow climb is beginning. Average $1 or $2 for the next 2 months, then $10 for a month, then it goes crazy!
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Definitely good news, and news i have been expecting given Peter Thiels politics, interested so many here believe an ETF to be a certainty however. I have always assumed none would ever eventuate, just can't see .gov giving the go ahead. I mean, why would they? USD is already under attack from the BRICS, why open up market to something that could one day become competitor? I have always been under the assumption that the Wiki's attempt would fail, and nothing I have seen changes that assumption.
You guys really think it has a chance of being Ok'ed?
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I've said it before and i will say it again. BTC is not for rich, well banked countries. I, like many people here, use it mainly for political reasons. Suggesting it is easier to use BTC than a credit card is just ludicrous. Got a friend to buy a couple recently. He has an old slow laptop with mediocre internet connection. Took 3 days to download the blockchain for gods sake.
BTC will come to fruition as it penetrates places like india. Like solar power, it enables people to use modern technologies without the need to spend trillions building up legacy infrastructure. Solar power is expensive if you already have a grid, it's cheap if you have to build power and transmission lines everywhere.
Things like the mozilla smartphone, combined with decent, secure online wallets for mobile, will revolutionise the life of the unbanked. Eliminating expensive cross currency fees will save billions.
So everyone here pat yourselves on the back. We got BTC to a place where it is taken seriously enough for people to start building the next wave of apps, apps for the unbanked. These apps are being built and rolled out now, they will take time to come to full fruition. Stop waiting to be made rich in a matter of months, those heady days are over. Sit back and expand your horizon to years. Those that maintain the faith will be rewarded richly. Those that spit the dummy because they thought they would get rich with no effort, risk or time involved, will miss the coming wave.
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A penthouse apartment......on the moon  |
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Bitcoin will be as valuable as land in time, cos when the final bitcoin is mined, "they don't make 'em anymore". By that time there would be million dollars bitcoins easily
Most of us won't live to see the last satoshi mined.  In 2050 i will spend 1 BTC to buy new body, with an offline blockchain backup of myself just in case |
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I would prefer if the bubble could start around December myself....can you please do BTC dance and get the BTC gods to bestow favour upon you....and thus upon us all.
I would do it, but my dancing will at best get them to crash the price, at worst smite me. I dont want to be smited smote smoted ?
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Personally i hope BTC stays where it is for another 2 months, then goes bananas
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This along with the Junta periodically engaging in dumps means... lower, lower, lower!
So? You're not going to get rich overnight. Poor baby. Weigh your options, then make a decision. Being a little bitch is not only unbecoming, it means you have no real faith in yourself or your decision making. Worst case you lose some money. Big fucking deal. Best case you make some money......in your case you will still be a little bitch. |
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BTC is for the poor, not the rich. I travel to india quite a bit, and people there are just starting to get it. 6 -12 month fluctuations are irrelevant. It's time is coming, in the short term in may not make a bunch of lazy assholes super rich like they were planning, but it will full fill its promise.
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If all you do is HODL, then why are you here? You already made your speculative decision. Remember, without bears, you would have no coins. and why does it have to be black and white with you people? Why can't someone be bearish in the moment? I mean, there is plenty of reason to be bearish right now, and very little reason to be bullish unless you're so overly biased that you can't see anything but that. Then I must assume that you feel threatened in your position, otherwise you would be rejoicing in all these "cheap coins" Just keep a tight grip on your precious. It'll keep you afloat  There is more reason to be bullish now than ever before, and I have been in for going on two years now. BTC was a speculative bet that worried me constantly last year, it had no real value beside silk road transactions. Now it is beginning to fulfil its function....bring decentralised banking to the un-banked. I spend quite a bit of time in India, and everyone there is beginning to get it, even some of the billionaires i know through school who have no need for it are just starting to get excited. BTC is not for rich westerns with decent banking...use a credit card it is better in all ways at this point in time ( besides political reasons of course ). BTC is not so you can all get rich in 6 months. Bitcoin is the democratisation of banking and finance for the billions who lack access to it. BTC is for $30 Mozilla smart phones and people earning $5 a day. Seriously if you can't see what is happening around you, you never really believed in BTC at all. You were just hoping you could sit on your ass and get rich like you saw others do before you. Give me one good reason to be bearish....other than...i thought I would be rich by now and i'm not so i'm going to throw a tanty. 6 -12 month price fluctuations are irrelevant. Suck it up you pathetic little rich bitches sitting at home in your 1st world country, with your $1000 computers and irrelevant little dreams. |
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Mozilla is releasing their $30 smart phone throughout India, Africa and other parts of asia, which runs BTC quite well. BTC was never a good idea for rich westerns, credit cards are better for almost all circumstances. The un-banked is where it is for BTC, especially since those cultures know very well not to trust their governments with their money, you think Indians buy gold cause it looks pretty?
Lots of people here seem pretty depressed about BTC at the moment, but if you ask me it is only just starting to find its feet. So you are not all going to be rich enough to retire in the next 6 months. Suck it up, this is not about you.
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