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901  Economy / Speculation / Re: 2014 is NOT the year of bitcoin, sorry on: December 17, 2014, 02:40:06 AM
If 2015 was suppose to be any good, the buying would have already begun... a pump is possible but those high prices are gone in a day, only caused my shorters covering, NO real buyers in this market at all!


This guy is a fucking idiot
902  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: December 17, 2014, 02:38:11 AM
I am not very 'wealthy' or 'elite' these days, but the future could still be bright. Set exciting goals and never give up.   Smiley

Having 20-50BTC will be enough to feel like you made a good investment when the price will jump. It obviously all depends on your standard of livings but tens of BTC will be enough to feel good if you are middle class in a first world country Wink

Not with the current price, and most definitely while it isn't accepted at "your local grocery store".

I was saying 20-50BTC is enough to feel a bit wealthier WHEN the price will go up to 2000$ +


I hope so, mr piccolo


903  Economy / Speculation / Re: 2014 is NOT the year of bitcoin, sorry on: December 10, 2014, 02:13:57 PM
2014 is the year for adoption.

I feel like 2013 was also the year of adoption... it was the year bitcoin was all over the media, the awareness exponentially spiked and so did the # of wallets and addresses.


Is there data that shows that there was a higher rate of adoption in 2014 than 2013?
904  Economy / Speculation / Re: permabulls not only lost the control over this section-in fact they are extinct on: December 10, 2014, 02:12:07 PM
Another permabull, checking in. Still entirely in bitcoin, still living almost exclusively on it since June of 2013, still using it to buy all my groceries and stuff, and still converting all the cash I get into bitcoin.

Bitcoin fundamentals haven't changed. It's still better, faster, and more convenient than dollars or credit cards. Dollar, Euro, and Yuan fundamentals, on the other hand, are continuing to change, for the worse. So  Tongue


Not at the moment, hopefully that will change over the next few years
905  Economy / Service Discussion / Is there a bitcoin predictions market for betting (similar to InTrade?) on: December 10, 2014, 04:08:52 AM
Just wondering if there are any well-known predictions market that use bitcoin. Something that is trusted and well-known... if anyone knew about InTrade, I was looking for something similar.

I've heard of bit-bet or whatever but for some reason I feel like that site is shady
906  Economy / Speculation / Re: permabulls not only lost the control over this section-in fact they are extinct on: December 10, 2014, 03:53:19 AM
Hahaha it's hilarious how this entire place is now a trollfest run by bears. Guys obviously upset they lost a lot of money, missed and opportunity or just have some weird agenda against bitcoin.


This kind of attitude tells me there's good things in the horizon. Still buying, it's worth the risk imo... and people here who make radical claims don't know shit.


someone sounds a little angry.

name: homo
status: Newbie
activity: 0
friends: none
hobbies: dick

Ignore button: activated
907  Economy / Speculation / Re: permabulls not only lost the control over this section-in fact they are extinct on: December 10, 2014, 03:22:46 AM
Hahaha it's hilarious how this entire place is now a trollfest run by bears. Guys obviously upset they lost a lot of money, missed and opportunity or just have some weird agenda against bitcoin.


This kind of attitude tells me there's good things in the horizon. Still buying, it's worth the risk imo... and people here who make radical claims don't know shit.
908  Other / Off-topic / Re: Am I the only girl on here? : ( on: December 09, 2014, 07:18:03 PM
lol at people still replying to this thread thinking they are getting attention from a female... fabiola! is a fucking dude 100%.... this idiot PMed me and trying to convince me he's a female celebrity lmao


all the guys still responding ITT... you are pathetic as fuck
909  Economy / Speculation / Re: Big players attempting to drop price on: December 09, 2014, 05:40:03 PM
WHY CANT WHALES PROFIT BY PUMPING THE PRICE AND GOING LONG.... SO WE CAN ALL BE HAPPY  Embarrassed
910  Economy / Speculation / Re: 2014 is NOT the year of bitcoin, sorry on: December 09, 2014, 05:05:22 PM
Still.... the negative news this year greatly outweighed the positives. The negatives were much louder and much more prevalent than relief over a couple of merchant adoption news here and there is not enough.

Merchant adoption is good and all... but I see this as something that will/should keep happening, hopefully at an accelerated rate as more infrastructure develops and as bitcoin becomes more popular. But it's not something to dance in the rain over... Dell and Newegg were good news and a step in the right direction for sure, Wikipedia just accepts it for donations and they hide it (so who cares)... but Netflix, Walmat, Target, Starbucks, Amazon would be even bigger than any of these.



So what do you think will happen in terms of the price in 2015? Will we see a uptrend?

I'm more confident in 2015 than I was this year... I don't think we will continue to go on a downtrend and see the price go down to the 200s and below. We may move stagnant for most of the year though, not sure, but I do think there is potential for a sharp rise sometime in 2015. We may start seeing the fruits of all the developments and VC money going into the ecosystem via increased adoption/userbase. I am also hoping that the wallstreet ETF goes live this year which should be bullish for bitcoin. But keep in mind the ETF isn't guaranteed and I can't predict the damage that may come from all the random negatives, but hopefully nothing as damaging as MtCox will happen next year.

It's refreshing to see all the FUD and negative sentiment around bitcoin at the moment...it's times like this where I feel like good times are ahead. Last year at this time people were unrealistically bullish.

If 2015 is similar to 2014, I am still going to hold out until 2016 for block halving... I think we should at least see a higher price by then (more users, more vendors, wallstreet, less supply). If by the end of 2016 we are still sitting around $300-400 level or lower... then I will panic.
911  Economy / Speculation / Re: 2014 is NOT the year of bitcoin, sorry on: December 08, 2014, 03:31:22 PM
In a way price is directly correlated with bitcoin's success. If you want any kind of mass adoption and stability... the price will need to be much higher than it is now. When the # of bitcoin users goes from 5 million to 100 million and more, the price will be much higher and there will be less people who will have a chance of owning 1 whole bitcoin.

So when people say "lol price doesn't matter, I can still buy my coffee with bitcoin regardless of price" I cringe.

Well 2014 wasn't the year of Bitcoin (to the moon spike), that much is clear.

It was a year though price negative, where some good strides were made.  Paypal, Dell, Overstock, United Way, Wikipedia all good news stories and steps in the right direction.

Year 5 only for BTC, so understandably some growing pains with regards to Gox/Karpeles, Shrem, Ulbricht, Newsweek/Dorian.

It's definitely going to take some time for this technology, but hopefully Year 6 is much better price wise for the HODLERs out there.


Still.... the negative news this year greatly outweighed the positives. The negatives were much louder and much more prevalent than relief over a couple of merchant adoption news here and there is not enough.

Merchant adoption is good and all... but I see this as something that will/should keep happening, hopefully at an accelerated rate as more infrastructure develops and as bitcoin becomes more popular. But it's not something to dance in the rain over... Dell and Newegg were good news and a step in the right direction for sure, Wikipedia just accepts it for donations and they hide it (so who cares)... but Netflix, Walmat, Target, Starbucks, Amazon would be even bigger than any of these.

912  Economy / Speculation / Re: Sentiment feels much alike 2012 (spring to summer) on: December 02, 2014, 02:55:47 PM
Are we still considered "early adopters" when there are people like you who entered in 2011 and 2013 2012 and seen 3000%+ increase in price?


I feel like we are late majority honestly, completely based on price, not acceptance
913  Economy / Speculation / Re: 2014 is NOT the year of bitcoin, sorry on: December 02, 2014, 02:04:19 PM
Everyone's expectations after 2013 were just way too high. This is the year of FUD! Mark my words, we're gonna be riding a shit storm all the way through the end of 2014.


EVERYONE NEEDS TO WORSHIP ME OR APOLOGIZE BECAUSE I WAS RIGHT!!!  Especially all the IDIOTS in the first few pages lmao. I know exactly what will happen in 2015 as well, but you guys don't deserve my predictions




Jesus...

Do you realize we are 11.5% through the year?

That's about 42 days.

Last year's meteoric rise from 200 to 1200 took place in less time than that.


The fact is nobody has a fucking clue what is going to happen despite you thinking you know otherwise.

You are not an Amazon.com executive who is "in the know" about the next big move, you are not the FBI agent with his finger on the sell button for those Silk Road coins, you are not a professor of economics, are you are not Marty fucking McFly.

In July the price could be nearing $2,000 and every post will be talking about how close we are to "da moon". Nobody knows.

I don't like the speculation forum - I only use it a few minutes each day to fantasize about $100,000 Bitcoins, then I snap back into reality. Welcome to it.



Edit: Nevermind, I'm like 90% sure I just got trolled.



No...... 90% sure you got schooled, because I was right and you were wrong
914  Bitcoin / Bitcoin Discussion / Could something like Venmo make use of bitcoin? on: December 02, 2014, 05:10:05 AM
Venmo is an extremely popular peer-to-peer payments app. Almost all of my friends use it, in fact even though I knew about bitcoin for years I heard about Venmo from them and now I use it simply because it's so convenient.

I understand w/ venmo you still need a bank and etc, but for people in America for example who have bank accounts venmo seems convenient enough. People send money to other people without any fees (the transfer of money into your bank acct takes 2-3 business days which bitcoin beats I guess). But how does venmo manage to do the transfers without any fees? They take fees when you pay using credit cards, but not when taking money in and out of a checking/savings account. Does venmo take a hit on these fees themselves?

And would they be able to use bitcoin to instantly transfer dollars and take less fees themselves? and since the app can "store" dollars before you withdraw them into your bank account... can it also hold bitcoin, act as a wallet and be used to buy things?


Just trying to figure out how these things work, thanks.
915  Economy / Speculation / Re: Do you plan to get out of bitcoin? on: November 25, 2014, 05:32:02 PM
I already posted this link in the wall observer thread, but nobody cared about the gist of it.
70% of the November 2013 bagholders' coins (mostly in China) are still waiting, could be dumped when owners lose hope.
http://www.coindesk.com/analysis-around-70-bitcoins-dormant-least-six-months/

when people lose hope you know it's the time to buy. I'll happily buy bitcoins at below $100 from the bag holders. Then I'll sell the same bitcoins for the same bagholders when 1BTC is $10,000


Permabull detected... if it goes down to $100 then we are probably fucked
916  Economy / Speculation / Re: Do you plan to get out of bitcoin? on: November 25, 2014, 05:03:16 PM
I don't give a crap about price. I will be using bitcoin for the rest of my life. If you are just interested in dollars then by all means go.

What the fuck are you talking about..... you don't care if your purchasing power loses 70% of its value? I don't understand this mindset... what is the point if it's costing you money? This is not a good attitude to have and it's the kind of talk that will keep newcomers out because you sound like a delusional pro-bitcoin anarchist... to promote bitcoin it needs to help everyone, it needs to be useful and worth it to the common person... as it is designed as long as the price gradually goes up

And if the price goes down I simply buy more Smiley

And one day you realize you lost all your money because the price never stopped going down, great plan  Smiley
917  Economy / Speculation / Re: POLL: Next rally's ATH on: November 20, 2014, 05:41:51 PM
Lol at IDIOTS who think we will see another huge rally....


I have scientific evidence that EVERY TIME I enter an investment it is TOO LATE... out of everything I've put money in... I have lost money 100% of the time. I am deeply invested in BTC right now (~$20K) and I can guarantee you that we will not have another rally. I ALWAYS manage to catch a falling knife, or enter the game a little too late.... I never make money, this is 100% always the case. Sorry guys.

Sorry, but that's hardly scientific.

It sounds like the brought in at $1000+ and will probably dump soon because he thinks there will never be another rally. Perhaps he might change his mind during the next rally and buy back in at peak prices again.

I bought my first half from $600-800. And my second half for around $300-$400. Lost 11 bitcoins from trading/altcoin/gambling, so my avg cost per BTC is like $800.

Not selling unless I profit.... which has never happened in my entire life
918  Economy / Speculation / Re: Does it even matter if you buy at $300 vs $400 vs $600..... on: November 20, 2014, 04:05:17 PM
$20,000

we would be lucky if it ever hit $1100 again let alone $20000

Not goin to happen.

I like how you just know for sure. Why don't you keep shorting?
919  Economy / Speculation / Re: Does it even matter if you buy at $300 vs $400 vs $600..... on: November 20, 2014, 03:59:23 PM
In a falling trend, your purchase order should be fixed amount of dollar, $50 apart all the way down to 0, and then your average cost will always be close to the bottom no matter where price goes

are you a fan of macross plus?
920  Economy / Speculation / Re: Do We Owe Falllling an Apology? on: November 20, 2014, 02:52:11 PM
No I'm glad that annoying dickhead is banned


I didn't believe in the 234 bubble cycle either, and on Dec 2013 I even mentioned the entire year of 2014 would be bearish (lucky guess though)... but I don't spam and rub it in people's face
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