Have you ever asked yourself if bank or big companies (b.c.) want bitcoin?
Before this thinking, i thought that in the future banks and b.c. throught payed media will try to kill BTC... but if it will not happen? Or better, if them will move people to BTC?
Stop and think:
- The rich love deflation money because rich become ever more rich. So bank and b.c. love it
- Limited supply: the prices can go lower, the rich can buy and invest more
- The adavantages of BTC are awesome instead than FIAT. For a bank: very low employe cost, very less costs for print money
I don't think bank and b.c. hate bitcoin, they don't care about can't control a money, i think they care about HOLD a lot of money, LIMITED SUPPLY, so they can hang best all workers.
And if in a few years the bank will start to promote BTC and press gov to change to BTC?
And if they are trying to keep silence to get more BTC possible now? I don't think it is impossible...
It appears to be a quite unlikely scenario, but they are definitely interested in blockchain technology. So, probably they will cherry-pick the technology what they want, and maybe they will start using bitcoin as an investment/speculative vehicle, but that's all. |
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2. The question of the noob: "But it could be a real BTC increase value".
Yes, but look to what happen in the world...
Did bitcoin organization organized 1000 squares rallies?
Did happen something very loud that all media talk bout it?
Did big companies started to invest on BTC?
If not, it is just a bubble.
Well, the Foundation finally nearly went belly up (or close to that), so can't carry on with making more shit. That's good for bitcoin. Very loud? Well the news from the EU were actually pretty loud. The new Chinese financial control rules are also something what you can safely call "very loud". Lot's of money coming aboard, it's now traded on NYSE, and big companies are interested in the blockchain technology. So it's getting mainstream as an investment vehicle. |
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I dont know why people neglect the fact that there is an equal chance for bitcoin to collapse and as well reach 1 million.
This speculation is just terrible and also childish.....i would say it is next to impossible for bitcoin to reach 10k $ in this century.
Actually 10K can happen in this decade not very likely, also not sustainable but it can happen in a bubble. But I agree, 1 million is a bit different and much harder to achieve  . |
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I've expected some rise since the middle of october but never thought that it will be higher than 300, and never thought that it will be such steady rise without wild swings. So, that smooth rally to 500 was quite a surprise. We can explain this upsurge with the Chinese financial restrictions and the good news from the EU, but the volume and price was still surprisingly high.
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The consolidation of the price is now official. It has been now days at a very nice an stable 380 price. Everyone that is paying just a little bit of attention can clearly see that the general feeling is very bullish.
Indeed the general feeling is very bullish and going long is probably a good idea, but not with borrowed money as OP suggested. |
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I guess, as usual it was one or more secret services plus some random extremists as scapegoats. It was pretty interesting when the well organized terrorist who even cared to put back a shoe what felt from their car, just left an ID in the same car (just like in the case of the twin towers)... and a some other anomalies like when the "terrorists" shot a police officer in the head at point blank range with an AK, but no blood at all... the mysterious suicide of an other police officer.
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Ok guys. Welcome to new bubble 2. We are goin high this time. Its goinna up to maybe 4000 this time.
Everybody take a loan on the bank, deposit to bitfinex.com. Leverage to 100%. Ready to play.
We are back in full bubble mode guys. To win, you got to be in the game.
UPDATE:
DUmp from CHINA arrived, but pump coming up again soon.
Lets go.
No one should gamble with borrowed money. Sorry mate but what you said here is one of the dumbest thing what anyone can do. |
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Unless they have their own mining farms then why on earth would that even matter?
Some people just don't seem to *get* Bitcoin at all - they think that the rich can rule it like everything else before - sorry but you can't!
Because of some of the whales or groups of whales with clashing interests can use their forked/original coins to send exchange rates to the rock bottom on the forked chain while keeping the other chain on a higher value. |
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I'd disagree. Bitcoin has value due to bitcoin holders. If miners mine something bitcoin holders don't like, they will dump the coin and put them out of business. If you want to get an idea of what economic majority wants, you can use something like this: http://bitcoinocracy.com/arguments/bip101-is-better-than-bip100Perhaps someone should ask MP, TAT and few other whales to cast a vote on this argument... . |
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Any source of these metrics? Anyway, it's not a majority of people that counts, its the economic majority.
There you go: http://xtnodes.com/. To support your claim about the economic majority could you provide some metrics about the number of coins stored in BIP 101 wallets compared to the number of coins stored in legacy Core clients, please? |
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Do you have any metric that demonstrate who are the majority and who are the minority? I'm sure you don't.
Bitcoin is money and money makes business happen. Businesses rely on timing their operations and Core fail to meet that timing. They are now forking, deal with it.
Yes, there are some exact metrics on http://xtnodes.com/. As you can see XT adoption is 7.7%. I think it's safe to call that a minority. They can fork if they want, I can't wait. Just do that. With merged mining both coins are minable what means double profit, in addition I still have high hopes for double spending my coins by buying LTC on both blockchains with the same BTC . |
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Please stop this nonsence. Litecoin proved Bitcoin can switch to 4MB with no security risks. Actually it would be highly beneficials for Bitcoin users to have 4MB maximum blocksize right now because it means your transaction does not need to wait few blocks because blocks are full already quite often (I saw last six blocks each 950KB recently  ). There's nobody against increasing the block size in a well planned, consensus based manner. What many of us up against is hijacking development, hijacking the blokchain and forcing a minority opinion to the majority for the sake of the financial interests of that minority. |
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If the businesses that sells the most coins to the public decide to fork, miners will follow. There is no doubt about that.
How they would fork without miners? In these days China moving the bitcoin scene, without them it's not going to work. BTW they not going to follow. They will add BTC-XT as a new coin and going to make money from BTC/BTC-XT speculation . |
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Apart from babbling about the necessity of BIP 101, what they can do against the will of the majority? If they can't persuade the miners they can keep talking what they want and as much they want but that's not going to move their case anywhere.
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Ouch! When people start talking about bear-trap, that's used to be a sign of the denial phase before the big red candles . |
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I see the usual stabbing at Bitcoin :
You are right, but other also said, this article is much more positive than the usual media rants against bitcoin. Anyway we are still in the phase when any publicity is good publicity. |
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No problem, as muslim immigration is encouraged in all (originally) white christian countries, they will soon rebalance this situation and in the long run the western countries will be religious states again  . In the US the latin population probably will have the numbers and ability to convert the whole country to one big catholic community soon . |
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Well, the Chinese government didn't eased its capital control rules, I haven't seen any major bad news recently, so why not? I think the rally to 500 in the last two days was a too steep and two sudden jump, so a correction wasn't really an unexpected thing.
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Chernoybl was a major disaster because of the design of the reactor - a design the US Nuclear Power industry NEVER used. I think Hanford might have used that design on 1 or 2 of their first "production" reactors in the 1940s for making plutonium bomb material, and the test reactor at the University of Chicago was an even more primitive version of the same. I've never understood why the Soviets used that design for a power reactor, and consider them very lucky to have only had ONE accident with them.
This is the reason: "By using a minimalist design that used regular (light) water for cooling and graphite for moderation, it was possible to use natural uranium for fuel (instead of the considerably more expensive enriched uranium). This allowed for an extraordinarily large and powerful reactor that was also cheap enough to be built in large numbers and simple enough to be maintained and operated by local personnel." https://en.wikipedia.org/wiki/RBMK |
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Hold until the top of the bubble, then sell all, and buy back as much as I can during the correction... then rinse repeat . |
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