Maybe correct maybe not. No one can predict the behavior and the reaction of the market in such situations. But i am giving another possible scenario which can be probable to happen according to me. If the market will be exhausted maybe (even, with very high probability) the price will be much more low than it is actually and maybe it must need to much time to be higher but for the spread I think that more are in market more the possibility to be known. When are few have few to spread and the few finish fast in spread. When are to much and have in abundance have to much to spread and these don't finish so easy. It is the same with an normal new product. If you have to many of it can send him in much more markets than if were few. the same with bitcoin.

Anyhow, these are only theoretical scenarios. They help in understand, explain things or build hypothesis but the practice is another thing. Must be reality every situations which we are discussing to see how it will be the reaction of the market and the people toward them.

What kind of meaning can have such sentences? Seems like some of those are the words told by Confucius and the second ones can be attributed to Buda. But at least they both are figures respected and adored by to many people. So even are not understood, who cares. No one interpret their thoughts. Or interpret as everyone want. But here, telling such things, seems a little strange for who read those. We are at bitcointalk where we all discuss about inventions. Which have nothing to do with the above figures. Here the people want reasonable things not accumulated together and then written in a post words.

Me for example wanted to understand those (I am attracted by the difficult or/and deep thoughts) and I read your post more than ten times. But have understand nothing. This made me to think that or am I who have brain problems or are you who in the moment when has write this post was drunk.

Who will comment this my post and your post to be understood who have right between me and you?

Good point of view. Not static classification but dynamic one. I would be more specific. And will change a little your classification. To be, in this way, more precise (according to me):

Today needed more than 100 000 bitcoin to be whale.
After 5 years needed       50 000 bitcoin to be whale
After 10 years needed       5 000 bitcoin to be whale
After 15 years needed       1 000 bitcoin to be whale
After 20 years needed         500 bitcoin to be whale
After 25 years needed         100 bitcoin ti be whale
After 30 years needed          10 bitcoin to be whale
After 50 years needed           1 bitcoin to be whale

Unfortunately I will be never whale. maybe my daughters with my bitcoins will both whales.

It is true. The program is called ransomare and block your computer asking money in order to have the key which unlock the computer. If you don't do that the impostor ask or do something else with the computer to send away it the program destroy everything.

I had hearing nothing such happen in my city or my country (from the news given at TV) but it is not strange that someday happen even here. The fraud don't have limits and boundaries. If will happen and you don't have backup in a external hard drive of all your important data, you are seriously in trouble. I have all my data in an external drive and those in my computer with which work everyday update the previous ones every week.

then I have two protectors of my computer: Kaspersky Internet Security and Malwarebytes Anti-Malware. Both those are a good protection from most of the bad external things that can happen to one computer.

Better tell what you have learned than make posts like this which have no meaning. Put some words and signs and create a main post without meaning. Telling "no matter what will happen with bitcoin I've learned ALOt" might sound like you don't care a shit about bitcoin but only for that you have learned. If you don't care about what can happen with bitcoin why needed the learning of things related to him? I can't find the meaning of this. Maybe you can do another post to explain better your proverb. And maybe to correct me.

I think news about big demand in arrive. Like the last one from China. Were some days before that the price of bitcoin in Chinese exchanges were higher comparing to the others worldwide. One good speculator can find this a signal for probable increase of price because this demand can continue for several days. So try to speculate or to buy. I don't know if someone did this and for sure not me because I am not a trader. But wanted to tell with this example that the possible increase of the demand can affect primarily the price of bitcoin. i don't see any other kind of events which can move it. The flow at the market is stable. I don't think that can be someone who can have amounts of bitcoins which, if introduced in the market, can move the supply in such amount that can affect the price.

At the last bitcoin is out of the interest of various authorities and economies. It is to few to affect the last ones. Even some Governments/Central Banks have fear and have banned it.

Correct. I am paid for the week October 31 - November 6 which was even the last my week with this signature campaign. I had the above amount (according to the calculations made by izanagi in him's spreadsheet) in my Coinut account Saturday morning and then I made the request for withdraw the same day. As I wrote above, the calculation of the amount given to me, was made with the new rates for all my 80 posts. The bitcoins arrived at my wallet today morning (when I waked up I found them in my wallet).

I am doing this post not to tell that even me has dreamed about bitcoin because this wouldn't be true. I had never a dream with bitcoin. Better so. Because if I would dream your dream when would wake up will be felt sad because my dream was a fake hope for something good. Better to not see such kind of dreams than see and then understand that was only a dream.

But I made this post to wish that you second wish become true. That's will be a very good thing for every bitcoiner. Having hopes and faith is good because make the live better but seeing this hopes and faith become reality is totally another thing. The joy is much more bigger and the situation create even more other hopes and faith. This kind of circle make the entire life (of the bitcoiner) full of meaning and reasons to enjoy it. Even if the event may be so simple like only the increase of price of bitcoin in the above amount. The question is the perception of the event and not it on itself. One bitcoiner can have the above perception. Another one which don't know at all the bitcoin for sure can remain indifferent.

600 us dollar for bitcoin (stabilized price) is a big achievement for it even bitcoin have seen even more big amounts. But there are goes to much time and those figures are forgotten.

I saw now the spreadsheet and I see that I result again as a member of this signature campaign even for the week 7th November - 13th November. This is a wrong thing. I resigned from this signature campaign at November 8 and removed the signature at this moment. So my earnings of this week are wrong and must not be send to me. I don't want money for work not made.

Seeing this as an sign of penance about the errors made to me I am giving here openly (in order that everyone who want can control) the amount that this signature campaign owes to me.

I must be paid from 80 posts made the week October 31 - November 6. From these 80 posts I have made 51 of those before the day November 4 when  Wanxinxi made him's announcements about the new low rates (the period is October 31 - November 3). I have been paid for 80 posts made this week, all those calculated with the new rate (0.0008 btc/post). So I have in my wallet 0.064 btc (as it is shown at the spreadsheet of izanagi for the week in question).

I need to be paid for the difference between the new rate and the old rate for 51 posts (which everyone who want can calculate himself going at my profile and seeing my posts) and for more than 1 dollar for one referral entered at Coinut site using my signature campaign and 10% of the commission earned by him (for this last claim read the main post of this signature campaign). In other words: 0.0014 (which is the old rate for my rank) - 0.0008 (which is the new rate for my rank) = 0.0006 btc/post.

0.0006 btc x 51 posts (which must be paid with the old rate but was paid with the new one) = 0.0306 btc plus more than 1 us dollar for the referral entered through my signatureplus 10% of the commission earned from him (let's do them the convert of the us dollar in btc with the rate of the moment in which will made the payment) are the money that this signature owes to me.

Not more and not less.

I did my job and the job of izanagi because I don't want to have money that are not result of my work. Are not my money and I don't want those. Not only from this signature campaign but from no one.

Let's see if izanagi and Wanxinxi will be correct in not giving not more and not less as it is my answering correctly in this my post.

If possible let's do a control at the number of posts because I can make some error in counting those and this can be misinterpreted. Maybe being emotionally "charged" have made something not as it is needed.

Edit: To be even more correct I want to tell that the amount pretended above by me from this signature campaign is LESS that the amount that izanagi has calculated to give me in him's spreadsheet for the work not made this week for this signature campaign.

You cannot passe all this mess with only one simple "sorry". And make posts only when you see see risks like the post of escrow. Firstly you must do as it is needed your work and not tell to the other to do your work. You must correct all the earnings of the period Oct 31 to Nov 6. Everyone must be paid for him's work according to the rules made and told publicly by you and Wanxinxi.

So leave the sorry and do the work. Give to everyone the right reward of the work made. Recalculate you all the earnings and not them who had as their work the making of posts in bitcointalk during the week in question.

I want to thank the escrow and to please him to follow the work of the manager of this signature campaign. If not made as it is needed to intervene for those who will not have their full reward. Me for example had my reward for this week but all with the new rates. When I have about 50 posts made from October 31 until November 3 (day before the announcements of Wanxinxi made at November 4). Knowing that the posts paid are only 80, I must have not few other bitcoins if the calculations will be made correctly.

It will be hard for me to have my money because of the kind of posts I made and I do. So, if it will be possible for you follow the work of the manager of campaign. Or I will contact you personally giving all the facts about these my above words. Which can be verified very easy seeing the posts at my profile and the numebr of every of those.

But as the manager of campaign (which not only didn't give my reward as he need to do but even take days from the next week and put them in the previous one in order that me be obligated to do more post to arrive the max of those) told without shame that this work must be done by them which have as duty only the doing of posts in bitcointalk and nothing else. Because he is busy with other things.

This is what is wrote at the main page of this signature campaign. I had a referral from my signature showed in my posts entered at Coinut when I was part of this signature campaign. But I haven't had any us dollar (and not more of 1 us dollar) from this referral put in Coinut by me. For sure izanagi was busy (with its graduation from him's college) to see my referral and to pay me for my work according to the promise made in the main post. For sure he will do now (or a little later because of being to busy) a post when will ask to all these him's laborer which has put referrals to Coinut to make to him a pm where must explain their work about the recruiting of these referrals and to make the calculation of profit which they deserve for the work done.

What do you do now that my prediction become true? The price of bitcoin today is lower than 5 days ago when you wanted your money from your bank immediately, having fear (or better being sure) that the price of bitcoin shall will be higher today? Will have the courage to thanks your bank for transfer your money within (after) 5 days in delay? If you consider yourself man you must to do this. And accept publicly that insulting the bank about something which is not known how it will be is a stupid thing. And don't tell me that you don't do this because the bank ruin your life and the life of your father. In this case. your bank helped you and you must be fair with it. 


No one ask to like me but to be fair. I don't defend the bank. I defend the right. The bank, in this last your case, bring you money and you must thank it. As for the care that the bank must have for you it is the same care that have for its customers every other business which act in its market to have the maximum of the profit possible. It is the law of being and doing business. Act in market to have profit. The same do even the bank. I am very satisfy with my bank. Give me to many possibilities, answer to any my need in very short time and make my life easier. So have no reasons to not like it. I am sure that even your bank do the same thing. But must be you to not be fair with it. Like you did 5 days ago with your main post of this thread.

Seemed strange to me the ban of bitcoin in this almost country when read it and it was more strange the reason that made that official to declare its ban. Seemed more a fast and unthinked well declaration, which seemed that wanted more to cover the failure in the solve fully of the case of chantage had by one rich person, than something created after multiple and extensive discussions had from the various responsible Authorities. The above news give reason to my thoughts. Cannot be banned bitcoin in a tiny "village" of big China when China is the biggest market of the production and the trading of bitcoin. Cannot have such courage the Taiwanese Authorities. So, go bitcoin and end of story about this new "ban" of it.

I use a web wallet; Coinbase. There are to many reasons for this choice even seems that an web wallet is less secure than a personal one had in your computer. First i can access to this kind of wallet from every place i want. Impossible with the wallet in my computer. Then the money in Coinbase there are secure because 98% of customer funds are stored offline. So no any kind of hacker can stole those. Then you have full control of your money because you can create a multisig vault in minutes, just like you would do with a regular vault or wallet. The difference is that in this case you're in total control of your private keys. You control the majority of the keys and the keys are created and encrypted in the browser. And the last benefit you have from having such wallet is the insurance. Coinbase is insured against employee theft and hacking in an amount that exceeds the average value of online bitcoin it holds at any given time. Specifically, Coinbase's insurance policy would respond in the event that bitcoin stored in Coinbase was lost or stolen as a result of a breach of our physical security, cyber security, or as a result of employee theft. Coinbase has held this insurance since November 2013 with highly rated carriers (S&P rating of A+ or A.M. Best Rating of A XV or higher).

It is very simple to understand. In the countries when bitcoin is banned, mostly is made because the Authorities have fear from it. Bitcoin can be a risk for the economy of one country. He must replace the national currency of one country and put in risk, in this way, the overall economy of that country. The national money will be no longer more used or used very few. This mean that the most of national money will be out of the national economic system and the national financial ones. The people will use bitcoin instead of the national money. If regulated and legalized mean that that country will have mostly in use a money out of its control. Bitcoin is decentralized and no owned by no one. And cannot be centralized and owned by someone. No possibility to manage such kind of money. Then needed big amounts to send ahead and manage the economy. Needed to be bought but there are not never enough. Leave apart in this case the increase of its price as a consequence of the new big demand come from one country.

All this situation have only one end: crisis.

Normally bitcoin is banned by wreaks or in risk economies and regulated by the strong ones. Like has made Russia which has banned it and USA which has regulated it.

It is not yours the desire that some day the cyptocurrencies become a globally known and become even national currencies. There are threads which discuss more about this desire of to many people which like bitcoin and wonder one kind of "bitcoin coin" as a national currency in every or most of countries worldwide. But first the cryptos must resolve one their big defect which is the volatility. No one (except the most devoted followers) cannot accept to accumulate bitcoin or even use regularly it if its price go up and down like it has been the last two weeks. Maybe bitcoin is, at times, more stable than the local fiat currency in Argentina, but I found the move of price of this last currency for the last 5 months. Have a clear tendency of increase (with only a gap in the time when bitcoin was in the phase of increase and decrease) these last 5 months, when bitcoin was almost stable. Even this specific showed by bitcoin can be considered as an achievement, it would be better that bitcoin has the same behavior like the currency of Argentina.

For sure for me has been (is) the volatility of the price. This it is not seen in the personal view (even this has its importance). But in overall situation of bitcoin. Being volatile mean being unreliable as a currency. No one can have faith (except the devoted people) in an currency which within one week or a little more gain 100% in value and then loss about 70%-80% of it within another week. For more having as a tendency the further decrease. I know that this has its objective reasons but it is a fact that, since the day in which will disappear (or it will be less more), will classify bitcoin only as a curiosity and a big invention but not as a good currency.

It is all he feel to write. He was busy and don't had time to calculate the work of 30- 40 or more, or few, people which worked for someone who give such explanations about the value of their work. So to have their money the workers must do even him's work. He is busy to do him's work. The money for him's work are taken by him. Him's work must be made by him's laborers.

Go ahead everyone. Give everyone big amounts. He will pay because will not control those. Because if will made some control mean that must to do him's work. But him is busy and don't have time to do him's job. The conclusion: give big amounts. I bet that you will be paid. Or make him to do him's duty as needed to be. To control your amounts.

We complainers are not clowns like you which lave the ass of izanagi for some satoshi. That work that you have made is the work of izanagi and have no meaning to be made by everyone of us. Cannot be made such thing by someone which have dignity (always to have some more satoshi). I can do such thing maybe for the person who deserved such kind of behavior. But not for someone which don't deign to read any of our posts or, when read, made the opposite of those written there. Only to show that is him who command and don't care a shit for the posters and their posts.

Very funny thing. Unimaginable for me. Even I am a fan of peer to peer. Cannot understand how this is possible and what else can be impossible for peer to peer. So, lets tell to born a baby through the blockchain? Or to be able to produce all the kinds of money who exist already in every country? Or even to produce food using blockchain?

Jokes apart I remain to many times amazed and thunderstruck from the things that I hear or read about the potential the peer to peer have. Convincing me every day more and more about the big potential that have this kind of "strange" technology.