had I invested in Bitcoin before the insane price increase. It's specially annoying as I saw it a lot of times back in 2009, but I don't want to be involved in criminal shit I though... ahh fuck.
You didn't research it very thoroughly if you thought it was criminal. If it's any consolation, thousands of people researched it more than you did and even contributed to the community without buying in. There may be hundreds of reasons, that you didn't have money at the time, that paypal blocked your account and you got burned etc. etc. The question is how many thought "omfg $100, I really should have bought some earlier, I'll wait until they get less expensive" and are kicking themselves now. The major exchange turned out to be a scam, China decided aganist merchant adoption, and not once did we dip under $400 for very long. Oh yeah I didn't. I thought "all this people will eventually get screwed". Like they would trace back the coins to the owners and shit. Also I just was scared away by the paedo and drugs stuff, so yeah I just forgot about it and thought it was "some deep web shit". |
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I feel that $10,000 a coin is Bitcoin's destiny easily. Given the amount of growth and maturity that comes along with it and the limited supply of Bitcoins in circulation, its only a matter of time when $10,000/BTC will be the new $100/BTC.
Chime in!
I would like to believe it, but i dont. When you think just about how much fiat is needed to keep the price in 10k USD range each day; thats something that banks would block definetly. Even at the stage we are in currently, its hard to operate due to banks closing bitcoin related accounts, then just imagine the fuss if u multiply that by 10x-20x. In a "best case scenario" , where the banks and that 1% population would have it in their interest for bitcoin to be at that value, then, and only then can 1 bitcoin be worth 10k $. Cheers Yeah, it seems withdrawing Bitcoin can be a pain in the ass. I know stories of accounts geting frozen by local banks when they try to withdraw. But then again, we have Bitcoin ATM. And as far as I know, you don't need any bank account or anything, you go to your nearest Bitcoin ATM with your paper wallet and withdraw your shit. What scares me is someone robbing you while you are withdrawing or something, since there isn't videovigilance or anything I think, like on banks. |
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3 years ago I saw some stories on bitcoin at slashdot and other places and stupidly ignored them
Oh, basically this. I saw it getting mentioned in some news, but ignored it as it was linked to criminal activities, didnt research further. Since then a feeling of bitterness conquers my mind a lot throught the day. Hopefully Bitcoin goes to 100K a coin during the next 10 years or I will be too old to enjoy the money fully.  |
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But what if you want to exchange CryptoNote based coins? When will they add the algo? I would like to see XMR and FCN on this exchange for instance, then i'll consider moving my coins from Poloniex to there. Also opinion on Poloniex? it has been pretty legit for me thus far.
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Has anyone been using this for enough time and for enough transactions (including transactions to exchanges like Poloniex then withdrawing and sending back to the wallet) to constante this is in fact legit and reliable? I've heard people stories about lossing coins when withdrawing from Poloniex on the original wallet, I don't remember the reason but it happened. Im pretty scared to lose coins because I do something wrong within the GUI wallet.
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Bytecoin trolls go back to your own shitty 82% premined coin.
This is the Monero speculation thread, if you want to promote your scam coin and discredit Monero go troll in one of the Monero vs Bytecoin threads.
On topic: How high will we go this runup? 0.01? 0.0125? 0.015?
My guesstimate is 0.012-0.014 Im also considering this price. The real question is tho... how low will it go after that, so we can buy more during said correction? I need more cheap XMR before people realize it's true value. |
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I havent used Cryptsy in ages, I use mostly Mintpal and Poloniex these days. Poloniex seems to be pretty solid, I don't know why it isn't the most used exchange. It was the first that figured out how to deal with Cryptonight algo coins. The rest just didn't bother, and they lost shit tons of volume, the volume that XMR brought with it. I also remember more than once my coins dissapearing randomly and not appearing only hours after, making me any chances of acting fast and benefiting from pumps and dumps, I didn't use Cryptsy never again henceforth.
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Where is the official ANN thread of this coin? I cant find it on here. Also, what algorithm uses? What gains can I expect with a old Q6600 CPU and not so old r7850 GPU? I guess about shit nothing but whatever.
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rpietila or anyone that's holding XMR, can you give me some trading advice on this?
I have around 60 XMR, I bought some at 70K (yes panic buy, I thought it was going to replace DRK prices, and I still think it will but not that quick..) then I bought some at like 40K too.
Should I hold until around 90, then sold and buy back at a 60K correction?
Should I just get the coins out of the exchange (Poloniex) and cold storage them on my wallet?
If I do this to, I don't feel like it will be a quantity high enough to deliver me decent gains, so I would ideally like to try to get more XMR in small increases as I sell during the (I hope) what I think will be peaks. I've observed in most altcoins after a 40K increase or so, there is a correction that lasts a couple days or sometimes weeks.
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I would swich places with XMR when it comes to DRK, I don't see it being used in the long run with its scammy past and doubtful anonimizing tech.
In any case the Bitcoin price, I would say it's going to be pretty stable until XMAS or so, with another bullish race, then another dump, then a slow steady growth during 2015 as more and more positive news arise in the mainstream media. Of course don't take this as fact, it's just a sill prediction.
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calm your wetness. we're gonna be at a trillion market cap in <10 years.  That graph is just insane. It's kind of funny how it looks like a skycrapper. Sort of like "please, get up here then jump by not investing in Bitcoin before".  What do you say about this graph, is the analogy legit for you?  If that was the case, im still wondering what sort of price could we be expecting in 20 years, judging by that comparasion? |
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Bitcoin's market cap is often compared to that of companies like Facebook and Apple. Pushing this company analogy further, isn't it true that many companies have had relatively stable market caps for years to decades? Microsoft's market cap barely changed between 2000 and now. Sony's market cap has been going sideways since 2002. Would it be possible for Bitcoin's market cap to stop growing and stay at the present level forever?
Bitcoin would still continue to exist as an alternative currency for the Internet, of course. And with a stable value, it would be a positive thing in terms of its use as a currency and a store of value.
they're market caps stagnated because of a competitive force taking market share. in 2000 apple made its triumphant comeback with the iPod and then the iPhone. microsoft had nothing to compete. bitcoin has no real competition(no alt coins are not competitive with bitcoin) This is true tho. And most importantly, Bitcoin has the biggest, most tested and oldest network, with the biggest usage. This is a big plus when you are talking money. You don't want to gamble with that shit. This is more important than a good looking wallet or some gimmick. The only place I see for another coin to have a big spot along with Bitcoin is Monero, or another legitimate anonymous currency for the pirates of the world that want 100% anonimity. |
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We are not hitting 10k anytime soon, if ever. Bitcoin will be replaced by another currency, should the technology continue to move forward.
That Sir, is the only thing which will take Bitcoin down...if any other competing digital currency gets ahead of Bitcoin. Especially if some government decides to toss one out~ no one will adopt it, it will fail, end of story. we are moving AWAY from fiat, not towards it. you all just afraid of big numbers, but  these 8 people are the owners of companies that total a networth of 1 trillion that's 128 times the value of all currently mined bitcoins combined. And they're just 8 people.... Walmart has a networth of 486 billion or so (over 60 times the value of all bitcoins currently mined), and that's just 1 single company) the gold market is worth 7 trillion dollars, about a 1000 times more than the bitcoin market, and really, does not bitcoin offer much more utility than gold? It's basically gold 2.0 and don't even get me started on real estate bubbles etc. Bitcoin will grow to a multi-trillion dollar industry, mark my words. What most people argue about the 2.0 gold argument is that Bitcoin hasn't got any intrinsic value, that is, may the network fall or may there would be a mad max type scenareo... who would take Bitcoin as something as value anymore? While gold is a material thing that can be used in real life. That's the typical old school investor type of guy that I get when I try to explain Bitcoin to them. They are somewhat right tho, but in any case, in a mad max type scenareo, I maintain that the guy with the bigger guns and most food resources is who runs the place. I don't expect any niceness on such scenareo, like people doing trades and shit. I hope we never get to such a place and we all become Bitcoin millonaires, that is if I ever get to reunite enough money to but 1 BTC first  |
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I feel that $10,000 a coin is Bitcoin's destiny easily. Given the amount of growth and maturity that comes along with it and the limited supply of Bitcoins in circulation, its only a matter of time when $10,000/BTC will be the new $100/BTC.
Chime in!
A 100-fold increase is easily possible with Wall Street jumping in. We don't even need Wall Street to reach 10,000 We will most likely reach it next year, with or without Wall Street. We are not hitting 10k anytime soon, if ever. Bitcoin will be replaced by another currency, should the technology continue to move forward. unlikely I think this will be Impossible until the FBI auctions off their 140k coins. Investors are not stupid enough to invest money into bitcoins at this point knowing that the FBI has 140k coins that they will auction off - the auction will of course cause the price to fall considerably. The only real use of coins at this point is if you need to open an exchange with them or have some other use like the silk road coin winner did (I think he was opening an exchange with the coins he won/ exchange arbitrage or something) - but investors who want to simply hold coins will simply wait for the 140k auction and buy cheaply when the price crashes - at that point the market can start rising again - depending on who bought the coins (steady hands vs weak ones who will dump when price rises) and other factors. We should look at the big chinese panic selling event when the chinese gov announced banning Bitcoin in several places. What amount of coins were sold during that period of time? How much would the price fall with a 140K coin sellout? Also, would they sell all at once, or a periodical sellout? |
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Well, of course I didn't though Bitcoin could go to 1000 dollar 2 years ago... I didn't even fathom that as a remote posibility. So there, yeah it can happen, technically it could go to 1 million dollars, this is a good thread by rpiet: https://bitcointalk.org/index.php?topic=400235.0Of course, the question is when. It may take ages, we'll be old and crippled by then Also, a lot, a lot of people will lose a lot of money in the way, because there will be crashes, panic buys and panic sells, it's going to be an insane road of ups and downs, that is the only thing I know for granted lol. |
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Meanwhile in spain: Unemployed, barely can pay bills, my pet is sick to boot. On top of that: I learned about Bitcoin back in 2009 but didn't invest because it was always linked to criminal activity so didn't look into it, as a result, I see it on mainstream news 4 years later about how it went to 700 dollar a coin. Thank you Bitcoin for making me suicidal for life. If you are feeling suicidal, then there are problably deeper issues than just missing out on buying when bitcoins were pennies each. I can point to dozens of major episodes in my life and say "if I had only known that...". Depression is usually caused by some set of cognitive distortions. I would suggest reading "The Road less Traveled" by Scott M. Peck and as counterbalance "The Psychology of Self-Esteem" by Nathaniel Brandon. Send me a PM if you can't afford them and would like a text copy. I use to deal with serious depression in the past and it was caused by some seriously flawed thinking. As for missing the train on Bitcoin. It is very unlikely. The value (capitalization) seems to be following metcalfes law, so as more people adopt Bitcoin, it will continue to grow A LOT. A price of over a million dollars per coin within 20 years is fully reasonable according to my analysis. I would expect it much sooner, but major mining companies sell most of their coins to continue operations and I believe this will start to create a huge downward pressure in the future slowing growth. On the positive side, it may create more stability though. Hi, thanks for imput, im not obviously going to kill myself over it lol... it's just a comment. Im aware tho, of how infinitely better would my life and my family's life be had I invested in Bitcoin before the insane price increase. It's specially annoying as I saw it a lot of times back in 2009, but I don't want to be involved in criminal shit I though... ahh fuck. As for the price increase in 20 years.. what would the context be like in a 1 million dollar = 1 bitcoin scenareo? Also, mining is true that decreases price or makes a resistance for it to grow faster as big miners dump constantly to pay for bills and whatnot, but take into account (as far as I know) the further we go in time the harder it will be to mine so less quantity of coins will be dumped monthly. |
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But Bitcoin has already reached Gold-tier prices... can you really compare that graph to Bitcoin? What you are suggesting is Bitcoin has barely seen a rise in price yet compared to what's to come. I think this is plain insane and inceptions my mind. How could a single unit of something be so valuable? If we scalate your graph to Bitcoin what you are saying is that these stories about Bitcoin reaching 100K dollars will become true. I think this is plain nuts and delusional. How could a single BTC have the purchasing power of 100K dollars? Of course, it could always mean that Bitcoin goes to 100K and dollar decreases to the point 100K have the purchasing power of 10K... what im saying is, if what you say is right and taking into account the dollar doesn't collapse, and taking as a reference the current dollar purchasing power, one single BTC in that supossed future of yours would mean it can buy you a house. I don't really thing this is possible. How absurdly rich would be the guys that mined at the very early stages or invested when it was worth peanuts, and now have shit tons of BTC? They would become the new Rothchilds. That's just too nuts.
1) Currency unit size is arbitrary. Replace "bitcoins reaching $100K" with "bits reaching 10 cents" and see how the argument sounds. 2) http://en.wikipedia.org/wiki/Argument_from_incredulity3) No the early miners won't become the next Rothchilds...at least not necessarily. They have to sell a lot to balance risk along the way. See discussion of dishoarding rates here: https://bitcointalk.org/index.php?topic=345065.04) This kind of out-of-hand dismissal is exactly why you missed the boat before. The boat is only halfway through its journey. You don't have to miss it again  True, but price would you expect once "the boat has reached it's destination"? Thats what im trying to fathom, im also failing to understand how that Microsoft graph can apply to Bitcoin. How much would 1 BTC cost in the equivalent of that graph in 2013? (if Bitcoin was in 1990 price). The increase in price would be nuts. Thats what I don't get. In any case yes, im trying to get as much BTC as possible, hard to do when you are fiat poor tho. |
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In order to stop spam posts, I think Stunna should lower the max post per month to 50 or 100 posts
If you are an active poster you can easily post more than that in a month. 400 posts is about 12 posts per day. I was posting about that before being on an advertising campaing. Just by being active in a single thread you could post that without realizing by replying back and forth. I tried 100 post in four days, being as constructive as possible. It is quite hard but possible. Currently, I try to keep my post constructive and slow. I still deduct some post from the constructive post though. People like hilariousandco can post a lot while being constructive and helpful to the community. I believe he spend a lot of time on this forum since he reported many post. People can still be constructive while posting a lot. Yeah, rpietila is also very active with near 4000 posts and very constructive on every post. |
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In order to stop spam posts, I think Stunna should lower the max post per month to 50 or 100 posts
If you are an active poster you can easily post more than that in a month. 400 posts is about 12 posts per day. I was posting about that before being on an advertising campaing. Just by being active in a single thread you could post that without realizing by replying back and forth. |
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Thanks for feedback. I have just continued posting in my typical style prior being on the PrimeDice ad campaing. I also think sometimes an one liner post can contribute more to the conversation than long posts. Substance over quantity.
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