It means that the next bull run is about to commence. The nasdaq sees trillions of dollars in volume yearly. Just dec 31st alone saw 58B traded on the nasdaq for the DAY!!!!
With that kind of liquidity and eager investors to dabble in btc were sure to see some serious gains in 2015.
#VivaLaBTC
What if the ETF isn't going to be approved? What about the BTC the twins already prepared for it? People who bought BTC in anticipation of the fund are going to dump their stash on the market... We could go much lower then... Doomsday scenarios. I'll bet every bitcoin I own that it will go ahead as planned. No reason not to.. The winkvoss have one of the best if not the best ETF lawyer in the country. They have enough capital to float them through any bureaucratic red tape they may find themselves dealing with. Trust me.... The ETF will be here in 2015, and the bull run will get underway. Have you given up on altcoins Bob (EMC2 & LTC)? I would think the spike in BTC price coming from an ETF wouldn't be enough profit fast enough for you. I never really gave up on LTC, although I have not followed the market for quite some time. I hold a few stacks and maybe one day they'll be worth $40 again or even more.. As for alts.. I never liked them.. I only saw them as a vehicle to acquire more BTC and Fiat. As for the ETF and btc swings.. I couldn't care less these days.. I have a 10 and 20 year plan with btc put away that I bought when they were in the low double digits. I have fiat and btc to live off of and I make more btc daily thanks to the altmarkets. Im a long term HODLING bull when it comes to btc.... I just think that the ETF will indeed start the next bullrun I hope your right. It sure would be nice to have a big fat paycheck instead of all the doom and gloom we've had lately. You see, that's what I dont get. I seen a bunch of hero and legendary members on the forum as of late bashing btc, calling for lower lows and all around turning their back on btc. I'm not sure if this is maybe because they were early adopters, who sold out for major profits early on ($1-$50)... then got trapped on the last bull run and have watched all them profits fade away or maybe its something else. Who knows? But dont worry bud... BTC is bigger then all the hero/legendary member and this forum combined.. #ToThemoon Yeah but it's hard to get fucked for years and not begin hating on the jar of vasoline even if it is protecting your ass. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) May all your btc dreams come true.
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It means that the next bull run is about to commence. The nasdaq sees trillions of dollars in volume yearly. Just dec 31st alone saw 58B traded on the nasdaq for the DAY!!!!
With that kind of liquidity and eager investors to dabble in btc were sure to see some serious gains in 2015.
#VivaLaBTC
What if the ETF isn't going to be approved? What about the BTC the twins already prepared for it? People who bought BTC in anticipation of the fund are going to dump their stash on the market... We could go much lower then... Doomsday scenarios. I'll bet every bitcoin I own that it will go ahead as planned. No reason not to.. The winkvoss have one of the best if not the best ETF lawyer in the country. They have enough capital to float them through any bureaucratic red tape they may find themselves dealing with. Trust me.... The ETF will be here in 2015, and the bull run will get underway. Have you given up on altcoins Bob (EMC2 & LTC)? I would think the spike in BTC price coming from an ETF wouldn't be enough profit fast enough for you. I never really gave up on LTC, although I have not followed the market for quite some time. I hold a few stacks and maybe one day they'll be worth $40 again or even more.. As for alts.. I never liked them.. I only saw them as a vehicle to acquire more BTC and Fiat. As for the ETF and btc swings.. I couldn't care less these days.. I have a 10 and 20 year plan with btc put away that I bought when they were in the low double digits. I have fiat and btc to live off of and I make more btc daily thanks to the altmarkets. Im a long term HODLING bull when it comes to btc.... I just think that the ETF will indeed start the next bullrun I hope your right. It sure would be nice to have a big fat paycheck instead of all the doom and gloom we've had lately.
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Good question but for me is more important who is around me, my family, spouse etc, than the fact where I at a given time. If I can be with my spouse in some special place, this is double benefit and blessing but without her it will be boring, really ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) That's sweet. Are you a newly wed? After 20+ years of marriage my wife and I take separate vacations because when we take them together we don't have anyone to talk to.
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It means that the next bull run is about to commence. The nasdaq sees trillions of dollars in volume yearly. Just dec 31st alone saw 58B traded on the nasdaq for the DAY!!!!
With that kind of liquidity and eager investors to dabble in btc were sure to see some serious gains in 2015.
#VivaLaBTC
What if the ETF isn't going to be approved? What about the BTC the twins already prepared for it? People who bought BTC in anticipation of the fund are going to dump their stash on the market... We could go much lower then... Doomsday scenarios. I'll bet every bitcoin I own that it will go ahead as planned. No reason not to.. The winkvoss have one of the best if not the best ETF lawyer in the country. They have enough capital to float them through any bureaucratic red tape they may find themselves dealing with. Trust me.... The ETF will be here in 2015, and the bull run will get underway. Have you given up on altcoins Bob (EMC2 & LTC)? I would think the spike in BTC price coming from an ETF wouldn't be enough profit fast enough for you.
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I think it is the opposite for bitcoin. People will see that alts are mostly scams and bitcorn can be trusted because it's much bigger. Please don't group the honest of us with the human filth of scammy altcoins My point is the general public who knows little of cryptocurrencies in general is going to hear about this massive collapse and lump BTC in with it. Yeah but the general public tend to be quite stupid. The more the general public falls for Bitcoin scams the less general public we have left that's willing to use Bitcoin.
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The price will go up and down and up and down. Someone will come up with a new thin SPV client (as if I want to trust a full node other than my own) and no one will prune the blockchain to reduce its ridiculous torrent worthy size. Someone will release the news of another portable device, phone interface or card that holds Bitcoins to use at a store but the userbase won't grow enough for new devices to have value. Someone will release the news of a new Bitcoin NFC creation because all the phones are headed that way. 50 new scammers will be caught. At least 1/3 or more of them will be businesses. A couple of exchanges will fail either due to regulations or fraud/incompetence of the owner. The Bitcoin Foundation will be involved in another major scandal. A handful of new bugs will be discovered in the main client and it will be updated a half dozen more times but remain in beta. The forum will become more and more of a resource for law enforcement and the admin will get an increasing number of subpoenas for information to support current cases. BitPay will convince another handful of large corporations to accept Bitcoin using a zero fee deal. Small miners will continue to be pushed out of the market as technology changes and old pools die focusing the mining effort into the hands of fewer large pools and large farms. At least one country in the world will ban Bitcoin and one will welcome it. There will be 200 or more new "who's satoshi" threads.
I can't wait to come back here in a year and check this.
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I would agree with all of them except #8. I've attended many conferences/meet ups and every time I leave one of them I end up thinking, "do I really what to be associated with people like that". lol Everyone there ends up sounding like Kenneth Copeland or Creflo Dollar preaching their way to wealth. If you're a Bitcoin idealist you don't want to hang out with a bunch of money hungry businessmen at a conference.
Well that depends . Not all meetups are by money hungry businessmen. Many times, its a great learning experience as well. The conferences were the money hungry businessmen. The meetups I attended were hosted by future scammers like Andrew Bitcoiner or sad Bitcoin failures like Jered Kenna. I remember one at 20mission that was actually depressing for me. I think that was more because 20mission looks like a Salvation Army flop house in a bad neighborhood. Maybe I've just had some bad luck but everytime I meet with a group of fellow Bitcoiners I leave with a creepy feeling. lol
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I would agree with all of them except #8. I've attended many conferences/meet ups and every time I leave one of them I end up thinking, "do I really what to be associated with people like that". lol Everyone there ends up sounding like Kenneth Copeland or Creflo Dollar preaching their way to wealth. If you're a Bitcoin idealist you don't want to hang out with a bunch of money hungry businessmen at a conference.
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what's Plan B in case bitcoin suffers total failure?
Spend a little more time on some of the thousand and one other opportunities in life that you should already be scoping out now? Don't use common sense at this forum. It just confuses people.
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A teleporter that can beam me anywhere I want to go because I'm sick of getting stuck in traffic.
Maybe the question should be "Among the things you can currently buy with fiat, what do you wish you could buy with BTC? " ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) You need to make things clear for me or I'll go too far. lol
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Hello Everyone here
That's a question I always ask myself, weather its in the morning when I wake up, during the day as I read all those negative BTC reviews or even at night as I stay up contemplating weather or not my BTC will be worth less by the time I wake.
I came to a simple 3 point solution.
- Stay informed (News is key to staying ahead of any future price dips)
- Prepare for future scenarios (Hedge the risk of any possible adverse market conditions by having exit/re-entry strategies)
- Take immediate action (When the market falls get out before the panic erupts. Do not be a Bitcoin romantic. Emotional attachment will cost you.)
I'm not fear mongering here, Im simply being realistic. We all know the concept of Bitcoin is still pretty new and as we have seen with other bubbles, some burst and some float to great heights.
Thanks
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fc86cb244b7aa82d722df-bc886d861d799bf6b58e79429d5ca9ac.r8.cf2.rackcdn.com%2Fwp-content%2Fuploads%2F2014%2F09%2FSee-Saw_levers_pic_laurelm892.png&t=663&c=ehvaTKtdX9F4-Q) The reason the price is going down is simple. The Bitcoin community needs to understand that each time a giant merchant integrates bitcoin on the POS side, without also offering a bitcoin payroll option to employees, it's like putting another brick on the "sell side" of a see saw. What we have now is a giant network of Bitpay auto-sellers dumping coins on the market. These merchants are auto selling nightly regardless of BTC price, and there's simply not a big enough pool of market buyers to absorb this unstoppable selling machine. In your opinion, are the Bitcoins used at these merchants mainly from miners? The auto sellers have to be getting the coin from somewhere.
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If exchange rate fluctuations scare you then you should stop using Bitcoin. Move your money into a currency that retains its buying power year after year like the dollar. ROFL
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They have the funds, just really not for to 'promote forum activity' in such a way. I guess maybe some yearly competitions could be fun though this forum doesn't really seem the type to dish out money via such giveaways. I think if it was to happen it would have to be for something that couldn't be exploited and mere votes/voting could unfortunately.
You could have a contest for the most helpful posts. Lots of forums do this sort of thing. It doesn't even need to cost the forum anything. Gun forums will have sponsors, usually advertisers, run contests. Admin, mods, legendary and hero members get to vote with the admin being the deciding vote. Every rank below hero are the contestants. Contests are for bringing in new members. Legendary and hero members don't need a contest because they're going to come here anyway. Honestly, if you're a legendary or hero member and don't try to help new members at least occasionally a reward isn't going to help you. You should be banned. lol
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A teleporter that can beam me anywhere I want to go because I'm sick of getting stuck in traffic.
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BitPay has done more than anyone else. Even the Microsoft news can be attributed to BitPay.
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There is no FREE electricity, forget it! Mining Bitcoins isn't cheap at the current difficulty.
I'm not saying power plants give away their power. I'm saying it's more efficient for them to mine bitcoins and pass the savings to customers that can store their own peak power needs. I can see this happening even in smaller mining farms. I have a friend that built a cabin on a couple acres of land on a stream in the mountains of NorCal. He loved it but had no electric power because it was too remote. He researched solar and wind power but concluded that they wouldn't work well enough where the cabin was located. He discussed his problem with a friend and they came up with this crazy idea of putting paddle wheels in the stream to turn a generator. The stream gets low at certain times of the year so they dug out and poured a concrete kind of bath tub looking thing in the part of the stream he owns and hung what looks like a can that squirts water out four tubes on to a fan blade. This is hung on steel pipes in the stream with a shaft that connects with pullys to an Onan generator on a concrete pad on the bank. They wired the cabin and it works all year long providing power. The best part is, he didn't even need to install a battery storage system because it's always generating electric. He invited a few of us on a hunting trip (wife code for a weekend long drunken card game) and gave us a tour of how it works. I never realized getting free power was that easy before. He even mounted a satellite dish on a tree for TV and Internet. I asked him if he visits his wife occasionally because if I had his setup I'd probably never go home.
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I thought India was super against Bitcoin. What happened?
There was nothing 'against' Bitcoin, the RBI had only issued a statement warning people of Bitcoin's risks and volatility. Also, in their current statement I see no clear positive or negative response. They're acknowledging the future viability of digital currencies - but the whole world acknowledges it anyway. What would really mean as a 'positive acceptance' is a timeline to adopt to digital currency. Well, I guess neutral is better than negative.
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I knew this had been discussed before. And after all, we're only allowed one thread for each topic. And each person who wants to add to the thread must read through all 2000 previous chit-chat posts. That's what keeps the forum fun. The great thing about reading old threads is the perspective you get from the people that no longer post here or post infrequently like Gavin. He is in a couple of those threads. That's not to say it can't be discussed again but look at the history of the discussion too. You might find something no one thinks of in the current discussion.
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