Very legit. This is what im doing, cost averaging, putting some monthly, i know it will be worth it at the end. Haters will cry.
This. +1 |
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rising stock mkt and rising USD; toxic brew for gold and silver.
their only chance is that BOTH of those go down, including Bitcoin.
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WRONG!
It's reasonable to assume bitcoin will continue doing what it has done for the past few years, so long as it hasn't saturated the market yet.
With 7 billion+ potential users and only roughly 4 or 5 million users (at most) we can sustain this growth for at least several years.
Also, when it does slow down, the slow down would be gradual, as it approaches saturation. It would not be a sudden stop.
So, eventually it will slow down, but before than we will be several orders of magnitude ahead of our current position, most likely at least 3 orders of magnitude. Probably even more.
It's possible to sustain it for only some year. Do you realize what 0.59% per day is? Of course it can keep increasing at that rate, but not indefinitely, as that graph indicates. as long as some hardware manufacturers continue to sell miners for fiat, exponential growth is possible. As longs as there BTC exchange where you can easily trade BTC for USD or viceversa, it doesn't matter in what currency manufacturers sell their hardware. true if you're willing to consider multiple step tx's. but the root argument still stands; the whole Bitcoin edifice, be it mining or the price, is contingent upon the exponentially rising fiat monetary bases of all countries. |
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WRONG!
It's reasonable to assume bitcoin will continue doing what it has done for the past few years, so long as it hasn't saturated the market yet.
With 7 billion+ potential users and only roughly 4 or 5 million users (at most) we can sustain this growth for at least several years.
Also, when it does slow down, the slow down would be gradual, as it approaches saturation. It would not be a sudden stop.
So, eventually it will slow down, but before than we will be several orders of magnitude ahead of our current position, most likely at least 3 orders of magnitude. Probably even more.
It's possible to sustain it for only some year. Do you realize what 0.59% per day is? Of course it can keep increasing at that rate, but not indefinitely, as that graph indicates. as long as some hardware manufacturers continue to sell miners for fiat, exponential growth is possible. |
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silver criticality incoming.
first critical breach is $19 for psychological reasons. then 18.70, finally 18.17.
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yesterday's pop off up at a slightly higher low since April, then May, then August, is indicative of bulls increasing confidence to step in and buy in an attempt to pick a bottom in this long overstretched down cycle. this will occur with increasing frequency until or unless we crack a new low which is looking increasingly less likely.
bitcoin is going to nowhere but down! next target $300 up! |
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Define boom.
$2000+ at least, probably $3000+ at peak  Don't stop there, prolong the graph until 2025 or so!  One of these graphs has 1,200 data points. The other graph has 1 data point. Which do you think is more useful? The first one, but it's still very stupid to expect past perfomance to replicate in the future. It's simply impossible to grow indefinitely at 0.59% per day. Unless we have USD hyperinflation, of course. WRONG! It's reasonable to assume bitcoin will continue doing what it has done for the past few years, so long as it hasn't saturated the market yet. With 7 billion+ potential users and only roughly 4 or 5 million users (at most) we can sustain this growth for at least several years. Also, when it does slow down, the slow down would be gradual, as it approaches saturation. It would not be a sudden stop. So, eventually it will slow down, but before than we will be several orders of magnitude ahead of our current position, most likely at least 3 orders of magnitude. Probably even more. the simpler answer would be to tie the Bitcoin price to the USD monetary base. that seems to be able to grow infinitely, let alone exponentially. |
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just don't buy too much that you can't hold until 2020. that's my outer bound. we'll know for sure by then and it's highly likely Bitcoin will be considered a great success by that time.
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Indeed. The beautiful thing, is what you begin to see when you extrapolate those curves outward a bit..  Difficulty, hash-rate, and adoption all look like this. Price follows sooner or later, it's a mathematical inevitability. Demand is going nowhere but up, while supply becomes more and more scarce (hashing difficulty). This ain't rocket surgery folks. this can't be emphasized enough and is one of my main bullish indicators. price will have to follow as those who were hoping to get into Bitcoin via mining will get diverted in buying Bitcoin outright. if Bitcoin were failing, that hashrate would be plunging. |
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yesterday's pop off up at a slightly higher low since April, then May, then August, is indicative of bulls increasing confidence to step in and buy in an attempt to pick a bottom in this long overstretched down cycle. this will occur with increasing frequency until or unless we crack a new low which is looking increasingly less likely.
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I remember the 2013 China rally, it was awesome for the people who believed in bitcoins, unluckily I wasn't because I sold all my coins way before it went exponential.
this is the problem with those who complain about the deflationary aspects of Bitcoin. they assume every single soul will hold Bitcoin to the bitter end a hundred years from now. they fail to understand that the market is made up of different ppl with different assumptions and views on Bitcoin's potential. almost everyone will sell at different points on the way up encouraging turnover. only a few of us will make it to the top all the while the bull is trying to buck us off. |
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People will all think the same and try to get in earlier than the other people. Ergo no spike.
Yup. The question is: How far in advance is this knowledge priced in? This is only a portion of why block reward halving increases price. The other portion is that people who are not at all interested in BTC right now will become interested later. Many of them after 2016. When they become interested, demand rises. Block reward halving reduces supply. We all are aware of what happens when supply is reduced right? The people who are investing now are almost surely unlikely to price in ALL of the people who will invest post-2016. great point. there will always be laggards. even those trying to front run haven't gotten started yet. it's too soon and would fail to price in a possible sudden failure btwn now and then. unless one really understands all of Bitcoin's many facets in depth, most won't be buying now. except for some of us. |
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it makes sense to buy sub 500 now especially since we're at what i think is the tail end of the longest pullback in Bitcoin's history. sure, it could go lower but the next rally should blow by this point in time. this is how cycles work, peaks and troughs. we're still above April's low with higher lows. bears are getting weaker and the turnover in coins has been immense. those new holders are going to wait for their own special bubble ramp before even considering selling.
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I am really interested in one of these phones. This or Silent Circle. Anyone with any experience? Me too. First though, I would need to understand how they protect keyboard input, which always seems to be one of the weakest links. Especialy if the base is stock (then modded) android. If they wrote their own opsys then that would make me feel more comfortable as long as I knew something about the company background. Come to that, I've never had much faith in wallets that are added onto chrome but perhaps I'm missing something. I'm no longer very technical so I have to rely on others' opinions. absolutely. we need more info about how these devices work technically and are they open source. i'm curious about the firmware vulnerabilities. sounds like a centralized solution if all messages are routed thru their servers which i think is how Silent Circle works. but i'd take that risk for now until a decentralized solution is found. |
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Goldcorp:  |
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