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Be aware of the fact that everyone involved in the hardfork is a direct enemy of bitcoin.
quoted. websearch if you question.
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Headline made my poor heart skip. About to log into my poloniex account for confirmation when I remember I missed post date. What a big relief
When Bitcoin is priced in the $15,000 range, even those days will still have continuous drop periods.....the drop cycles is when smart money comes in to accumulate more assets (be it real estate, gold, bitcoin, or stocks). |
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If Berkshire Hathaway can go up to $250K per SHARE why the fuck can't bitcoin go to $250K? Or $100K? Or even $10K??
C'mon guys.... stop being a bunch of losers. I need bitcoin to keep going up. Stop acting like $3k is "too much"... fuck off. $10K or BUST.
Agreed. When I only started learning things about Bitcoin the price of it was around $100-$150, and after some research I came to conclusion that Bitcoin can rise as high as up to $10k during the next 5-7 years. It was in October 2013, so we are close.  I think 6k within 6 years. |
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It will definitely hit 1500 this year. Most likely much higher!
Done. Now ~2,050 which is wayyy over 1,500 |
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 BTC vs S&P US Stocks vs Gold vs US Bonds |
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Isn't it obvious and apparent from the hired-talent that are either programmers trying to hijack protocol code, social-engineers to post FUD claiming there's problems with bitcoin in these forums, media editors in charge to post pieces to influence said opinions on both above?
Central Banks are trying to systemically attack Bitcoin.
It is war on control.
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Instead of hacking wasting time, go and think about a way how to turn sea salt water into drinkable water.
I am starting to think about the recent events and some of the government issued and controlled altcoins pumping to the skies all are related maybe there is a coordinated all on attack to deface and eventually bring down our beloved ecryptosystem?
When you really think about it you'll see that there is some truth in my theory.
freebutcaged, I think you are spot on. |
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UPDATED CHART: BTC vs S&P US Stocks vs Gold vs US Bonds ,,,,which to buy & hold? |
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There's been much hysteria during 2017 re: coming-deadlines....the first earlier this year around March, and the other being the looming Aug. 1, 2017,
What is the probability that nothing happens...normal Bitcoin stays Bitcoin and most hashing power remains with normal Bitcoin?
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I am from India,neighbour of china.But still,bitcoin users are much low when compared to china which dominate bitcoin world with large number of mining farms.But,good news is that recently,indian government has shown green flag in favour of bitcoin legalization.Zebpay and Unocoin are big bitcoin exchanges in the country.More people are getting aware of bitcoin nowadays and soon india would become an important place for bitcoin transactions.
Well, the even better news is: EVEN IF EVERY GOVERNMENT BANNED AND MADE ILLEGAL BITCOIN, BITCOIN WILL STILL CONTINUE TO GROW, BE USED MORE, BY MORE PEOPLE AROUND THE WORLD BECAUSE IT PROVIDES HONEST FINANCIAL POWER AND FREEDOM WHICH CANNOT BE CONFISCATED. Does anyone think I should update the tally of the forum posters on this thread? That ends up being an interesting country count in itself. |
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Gold will Not make you any significant profit, however it will protect you against the devaluation of paper cash and therfore allow you to retain value you already had....
To gain a larger stack in a reasonable time frame, use crypto or the stock market or both
Move the wealth into gold for safekeeping after you make it
Gold alone is Historically a bad investment but a good store of value although people who bought it for $1800 in 2011 are still deeply in the red and might still take several years to break even never mind profit...
Isn't the optimal solution be finding the historical efficient frontier using these different asset classes and then find an ideal allocation % to apply to each of the types of assets? There's a free tool available to do just this. VERY POWERFUL; google backtest for the portfolio visualizer website And explore, use the tools around there. |
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...
Even if no change is made to code....another attack potential: central banks can sponsor (lend to "startups"/"entrepreneurs") organizations that'll cause a huge bouts of volatile events to keep away broad-mass-user-base: they would bid up prices like crazy to hold a signification portion of coins, and then unload the coins on the market either all at one time (huge drop in 1 week) or slowly to control volume over-time (ie 3 years of lower prices).
In light of recent cyber-attacks enabled by official government-entity backdoors, does anyone question the attempts to attach these evil acts to cryptocurrency since these 'hackers' then ask for payments in such? Wouldn't it be convenient for government-backed entities to set a plan to make things like Bitcoin look bad by using their contractors (hackers for hire) to use these exploits so that subsequently bad publicity would be spread on Bitcoin to general public around the world? Isn't this made easy by all these global companies using USA-developed (China-made) computing infrastructure which has the backdoors the NSA/CIA requires for having such control? |
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I would say not only bitcoin but whole cryptocurrency world will share trillion of $ as marketcap after few years. 100 billion USD what we have today is nothing if compared with the size of global economy.
Yes, look to other market, we can see 100 billion USD is very small than major markets in the world. It only have 1% of the global market share Yes, not only this but also; Fiat around the world is heavily infested with: -fraud (false claims & laundering & insurance-related & chargebacks) -frivolous legal costs (lawsuits bogging the system down) -corruption (crime official and unofficial - governments and gangs, banks and conartists) -social obligations (debasement in value to keep up with payments from government or other retirement-obligations) -fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice) |
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Love this (read it backwards or cheat and scroll-down) It's time to face reality in 2017 Bitcoin is not the currency of the future We need to stop listening to self-proclaimed experts and hack economists who say Bitcoin will change the world The Bitcoin experiment has finally been resolved. Everybody was wrong: Bitcoin is dead. Mike Hearn said ‘farewell to Bitcoin’ and took a job with Goldman Sachs because he thought ‘Bitcoin is just an experiment.’ Circle CEO Jeremy Allaire says nobody will be using Bitcoin in 5 years because It’s still early days. Something better will come along and replace it. People were wrong when they said Bitcoin will bring reliable self-banking to the unbanked in third world countries. Smart people understand that Bitcoin challenges central banking and undermines the ability of governments to keep financial tabs on their citizens. In order to fight terrorism, the government tracks everything you do online. Personally, I’m tired of living in a world where Hackers, drug dealers and terrorists can use Bitcoin to get away with their crimes. It’s actually just a myth that Bitcoin is good for the world. That’s dead wrong. You aren’t smart enough to use Bitcoin; it will never be adopted by the masses. Economists like Paul Krugman keep saying Bitcoin is evil. I don’t believe that Bitcoin can make the world a better place by empowering people. All you can do with Bitcoin is buy drugs. And maybe a hitman. It just isn’t true that Bitcoin can be used for good as well as bad. It is true that Bitcoin is riddled with scams and crooks. Mt. Gox blew up, Ross Ulbricht went down. Hardly a day goes by without somebody getting hacked or handcuffed. We all know Bitcoin was born in sin. Charlie Stross wants Bitcoin to die in a fire. He says Bitcoin is evil. I’m tired of hearing that Bitcoin is actually close to mass adoption. The price of Bitcoin today is nearing an all-time high, but the Economist Magazine says it’s just a bubble – Like tulip mania. The smart money says The experiment is over – Bitcoin has failed. Only fools believe that But wait – isn’t this all backwards?! Read the article in reverse: [Original article by Dr. Michael Moriarty published at http://darknetmarkets.com/time-face-reality-2017/ . Dr. Michael Moriarty is the owner of https://TorWallet.com and one of the largest Bitcoin holders in the world.]
BACKWARDSBackwards:
But wait – isn’t this all backwards?! Read the article in reverse:
Only fools believe that
The experiment is over – Bitcoin has failed.
The price of Bitcoin today is nearing an all-time high, but the Economist Magazine says it’s just a bubble – Like tulip mania. The smart money says
Bitcoin is actually close to mass adoption.
I’m tired of hearing that
Bitcoin is evil.
Charlie Stross wants Bitcoin to die in a fire. He says
Bitcoin was born in sin.
It is true that Bitcoin is riddled with scams and crooks. Mt. Gox blew up, Ross Ulbricht went down. Hardly a day goes by without somebody getting hacked or handcuffed. We all know
Bitcoin can be used for good as well as bad.
It just isn’t true that
All you can do with Bitcoin is buy drugs. And maybe a hitman.
Bitcoin can make the world a better place by empowering people.
I don’t believe that
Bitcoin is evil.
Economists like Paul Krugman keep saying
You aren’t smart enough to use Bitcoin; it will never be adopted by the masses.
That’s dead wrong.
Bitcoin is good for the world.
It’s actually just a myth that
Hackers, drug dealers and terrorists can use Bitcoin to get away with their crimes.
Personally, I’m tired of living in a world where
In order to fight terrorism, the government tracks everything you do online.
Bitcoin challenges central banking and undermines the ability of governments to keep financial tabs on their citizens.
Smart people understand that
Bitcoin will bring reliable self-banking to the unbanked in third world countries.
People were wrong when they said
It’s still early days. Something better will come along and replace it.
Circle CEO Jeremy Allaire says nobody will be using Bitcoin in 5 years because
‘Bitcoin is just an experiment.’
Mike Hearn said ‘farewell to Bitcoin’ and took a job with Goldman Sachs because he thought
Bitcoin is dead.
The Bitcoin experiment has finally been resolved. Everybody was wrong:
Bitcoin will change the world
We need to stop listening to self-proclaimed experts and hack economists who say
Bitcoin is not the currency of the future
It's time to face reality in 2017
You're welcome.
one of my favorite posts of all time. Judging from the replies that came after, I think people are posting in this forum and not really reading at all. Is the above too tough to understand even after spelling out the BACKWARDS part? |
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Love this (read it backwards or cheat and scroll-down) It's time to face reality in 2017 Bitcoin is not the currency of the future We need to stop listening to self-proclaimed experts and hack economists who say Bitcoin will change the world The Bitcoin experiment has finally been resolved. Everybody was wrong: Bitcoin is dead. Mike Hearn said ‘farewell to Bitcoin’ and took a job with Goldman Sachs because he thought ‘Bitcoin is just an experiment.’ Circle CEO Jeremy Allaire says nobody will be using Bitcoin in 5 years because It’s still early days. Something better will come along and replace it. People were wrong when they said Bitcoin will bring reliable self-banking to the unbanked in third world countries. Smart people understand that Bitcoin challenges central banking and undermines the ability of governments to keep financial tabs on their citizens. In order to fight terrorism, the government tracks everything you do online. Personally, I’m tired of living in a world where Hackers, drug dealers and terrorists can use Bitcoin to get away with their crimes. It’s actually just a myth that Bitcoin is good for the world. That’s dead wrong. You aren’t smart enough to use Bitcoin; it will never be adopted by the masses. Economists like Paul Krugman keep saying Bitcoin is evil. I don’t believe that Bitcoin can make the world a better place by empowering people. All you can do with Bitcoin is buy drugs. And maybe a hitman. It just isn’t true that Bitcoin can be used for good as well as bad. It is true that Bitcoin is riddled with scams and crooks. Mt. Gox blew up, Ross Ulbricht went down. Hardly a day goes by without somebody getting hacked or handcuffed. We all know Bitcoin was born in sin. Charlie Stross wants Bitcoin to die in a fire. He says Bitcoin is evil. I’m tired of hearing that Bitcoin is actually close to mass adoption. The price of Bitcoin today is nearing an all-time high, but the Economist Magazine says it’s just a bubble – Like tulip mania. The smart money says The experiment is over – Bitcoin has failed. Only fools believe that But wait – isn’t this all backwards?! Read the article in reverse: [Original article by Dr. Michael Moriarty published at http://darknetmarkets.com/time-face-reality-2017/ . Dr. Michael Moriarty is the owner of https://TorWallet.com and one of the largest Bitcoin holders in the world.]
BACKWARDSBackwards:
But wait – isn’t this all backwards?! Read the article in reverse:
Only fools believe that
The experiment is over – Bitcoin has failed.
The price of Bitcoin today is nearing an all-time high, but the Economist Magazine says it’s just a bubble – Like tulip mania. The smart money says
Bitcoin is actually close to mass adoption.
I’m tired of hearing that
Bitcoin is evil.
Charlie Stross wants Bitcoin to die in a fire. He says
Bitcoin was born in sin.
It is true that Bitcoin is riddled with scams and crooks. Mt. Gox blew up, Ross Ulbricht went down. Hardly a day goes by without somebody getting hacked or handcuffed. We all know
Bitcoin can be used for good as well as bad.
It just isn’t true that
All you can do with Bitcoin is buy drugs. And maybe a hitman.
Bitcoin can make the world a better place by empowering people.
I don’t believe that
Bitcoin is evil.
Economists like Paul Krugman keep saying
You aren’t smart enough to use Bitcoin; it will never be adopted by the masses.
That’s dead wrong.
Bitcoin is good for the world.
It’s actually just a myth that
Hackers, drug dealers and terrorists can use Bitcoin to get away with their crimes.
Personally, I’m tired of living in a world where
In order to fight terrorism, the government tracks everything you do online.
Bitcoin challenges central banking and undermines the ability of governments to keep financial tabs on their citizens.
Smart people understand that
Bitcoin will bring reliable self-banking to the unbanked in third world countries.
People were wrong when they said
It’s still early days. Something better will come along and replace it.
Circle CEO Jeremy Allaire says nobody will be using Bitcoin in 5 years because
‘Bitcoin is just an experiment.’
Mike Hearn said ‘farewell to Bitcoin’ and took a job with Goldman Sachs because he thought
Bitcoin is dead.
The Bitcoin experiment has finally been resolved. Everybody was wrong:
Bitcoin will change the world
We need to stop listening to self-proclaimed experts and hack economists who say
Bitcoin is not the currency of the future
It's time to face reality in 2017
You're welcome.
one of my favorite posts of all time. |
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There are forced transactions on fiat currencies (like the USD) which artificially increase demand substantially.
[snip]
Fiat reserve currencies are violently enforced throughout the world. The USD reserve currency is the enforcer for all central banking systems even in far-away remote countries...because the USD-fiat authorities set the rules for things like AML/KYC and even if a small tiny irrelevent bank in another country does not comply, they are cutoff from any inter-bank remittances (and or the SWIFT network for wires) and thus shut down over time. Violently enforced through bombs, conflicts, economic sanctions (your people will starve), financing of wars, financing of international defense contractors or construction, freezing of assets, closure of financial institutions. Coercion has kept the game going in the past, ...but will it work in the future? Bitcoin has emerged as the proven store of value that is honest with an immutable ledger that cannot be corrupted. Most other cryptocurrencies, >90%+ of them are scams or temporary pumps or combination of both that offers little novel value to the world. Just give it 10 more years when the Fiat Fakers wake up and smell the coffie and put some of those corupt powers they bought against Bitcoin then lets see how it survives when they say you need a "aproved" laptop, aproved "internet". Trust me they can crush BTC right now they are not aware of the threat to their fake evil system when they become aware they fight dirty and will crush BTC i'm 99% sure! ...you may be right...these coming years may be dramatic. |
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There are forced transactions on fiat currencies (like the USD) which artificially increase demand substantially.
[snip]
Fiat reserve currencies are violently enforced throughout the world. The USD reserve currency is the enforcer for all central banking systems even in far-away remote countries...because the USD-fiat authorities set the rules for things like AML/KYC and even if a small tiny irrelevent bank in another country does not comply, they are cutoff from any inter-bank remittances (and or the SWIFT network for wires) and thus shut down over time. Violently enforced through bombs, conflicts, economic sanctions (your people will starve), financing of wars, financing of international defense contractors or construction, freezing of assets, closure of financial institutions. Coercion has kept the game going in the past, ...but will it work in the future? Bitcoin has emerged as the proven store of value that is honest with an immutable ledger that cannot be corrupted. Most other cryptocurrencies, >90%+ of them are scams or temporary pumps or combination of both that offers little novel value to the world. |
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IMHO it's also important - the capitalization of Bitcoin - is only 30.000.000.000 $. There are a lot of powerful funds or some companies, how have much more money. So if they want - they can push / pump/ hold / sell. They have enough power to destroy Bitcoin.
It's at $38B, and there aren't a lot of companies that would be able to take on something with that value and destroy it without also destroying the value of the company. Most organizations couldn't even pull something like that off. I am far more concerned about the power plays and lack of community interest that could result of the recent events dealing with the blocksize, but it's looking like it will be getting resolved so there is a fair amount of hope for that to go to the back burner and solve the issues we've been experiencing. Amazing how in 3-months bitcoin (mkt cap) approaching $50B so quickly....the level where I say BTC is not so trivial anymore. True, villainous reputation would be labeled for any entity (or entities) working to attack or take down Bitcoin...but couldn't this same exact thing be achieved without any such labeling by simply changing the rules of the protocol (take-over without traditional mining - ie segwit)? Or even further centralizing need/cost of hardware for mining the protocol (blocksize)? What is the current total size of the bitcoin blockchain? Then why would there be a push for blocksizes to go larger? (more susceptible to spam attacks, blockchain bloat, requirement for more expensive capital hardware mining pools) Why wouldn't there be a push for smaller blocksizes? Shouldn't the protocol decrease blocksize from 1mb to 750kb? (limit spam in a block, reduce bloat, increase decentralization) |
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Bitcoin cannot fit in. If you notice the actual amount of US dollars in Circulation versus the number of bitcoin in the circulation there is a huge gap. Even if we make 1 bitcoins value at 100 million dollars it cannot still fit in since the amount of bitcoins is short. Thus we can say that bitcoins cannot replace the US dollars as the official legal tender but in a way it will complement the fiat currency.
Yes, the difference in scale of supply are galaxies apart.... ...I think if I'm reading the chart there's approx. $3 trillion USD cash monetarily-available in USA...and over $12 trillion USD cash held in FX reserves. versus Bitcoin is 21 million max supply of BTC (or current market cap in terms of USD: >$40 billion). Tiny. But at some point....as Bitcoin's cap grows and grows, does it not serve as a check on fiat to discourage further inflating the USD-cash (any-fiat) supply? Ie eventually the authorities will lose control of faith in buying-power should they resume inflating it? |
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