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Are you saying that you are a believer of the efficient market hypothesis? In that theory, it says that whatever we do, all of us cannot out perform the market. In the case of Bitcoin all we need to do is to buy and hold. Bitcoin is a censorship resistant and not centrally controled. There are many markets Bitcoin can enter, get into and make them efficient. There more it does this the more the price will increase. A good example of this is the dark markets and that is only the beginning.
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As seen on Twitter. https://twitter.com/brian_armstrong/status/817258015619321857This was tweeted yesterday and I cannot believe we all have missed it. Now that he supports it, will we see the tide change and see more support from other exchanges and merchants, and more importantly other miners and mining pools? Brian Armstrong may be able to rendeem himself from all the stupid comments and sarcastic jokes he made on Twitter. wasn't coinbase already supporting SegWit before? i swear i saw the name Coinbase listed on those who support it! but anyways, this is good news that one more is on board but we need miners to accept SegWit otherwise it doesn't matter much who else accepts it. I do not think so. I was under the impression that Brian Armstrong was influenced by Roger Ver and the other big blockers. I do not neither judge or hate the big blockers. If you study the history of Bitcoin, it was Satoshi who was for big blocks and on-blockchain scaling. Then it was Hal Finney who was for smaller blocks and offchain transactions. Both ideas have their pros and cons. For us ordinary people in the community we should listen to both arguments and learn from them. |
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I'm not very impressed with OpenBazaar I think there is still lot of space for improvements. The offer could be better also as the number and quality of sellers.
Still the concept of trade available to everyone is good so hope that with time it will reach the standards and popularity of eBay or Amazon.
Why would there be more quality sellers when almost all Bitcoiners do not really have enough Bitcoins to spend? They have fiat and why do they need to convert to Bitcoin just to use OpenBazaar? Google is a much easier option to use to find items you want to buy with fiat and credit cards. |
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As seen on Twitter. https://twitter.com/brian_armstrong/status/817258015619321857This was tweeted yesterday and I cannot believe we all have missed it. Now that he supports it, will we see the tide change and see more support from other exchanges and merchants, and more importantly other miners and mining pools? Brian Armstrong may be able to rendeem himself from all the stupid comments and sarcastic jokes he made on Twitter. |
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People will find other ways to circumvent capital controls, if the government wants to block them from using this technology. How do you stop people from buying bitcoin and transferring that bitcoin to someone else in another country? They are farting in the wind. If they regulate this properly and this is not forced to go under ground then they will have the opportunity to profit from it. < more tax income >
People will do anything to protect their wealth, even if they have to protect it from their own government.
Not only the the Chinese government force Bitcoin to go underground, the regulations themselves tend to make the price of Bitcoin higher. Think about it, the more they regulate it, the more it will be more valuable. Bitcoin was intended to be resistant to censorship and centralized control, the price of freedom goes up as more and more laws are passed to ban or regulate it. |
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If you have the balls, go ahead and buy now at $962 USD to 1BTC then sell later when it hits $1,000 USD again, then repeat all over again. That is if you have the balls and willing to take the risk. Risk only an amount of money that you can afford to loose. Its either you will be a smart trader or just a mare observer from a distance.
Guts? That has nothing to do with trading the markets. Especially the Bitcoin market with its extreme swings and volatility. Having a plan is a better option if you do not want to lose money and be stressed out. My suggestion is to wait it out until volatility is low and then buy the dips as many traders say. |
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To all the TA experts out there (masterluc, RyNinDaCleM, chainsaw, chessnut, and the many others I am leaving out!), I am wondering whether it makes sense to talk about the time frame that a given trader is working in, in the context of a single trade.
- When trading, do you consciously pick a timeframe? i.e. do you pick a candlestick time interval and stick with it for the duration of the trade?
- Suppose a trader makes a buy based on a pattern in the hourly charts, but then makes a sell based on a pattern based in the 5-minute charts. (Or vice versa). Would that be considered poor practice? Would it be evidence of an undisciplined trader? Or would you encourage a trader to look at multiple timeframes within a single trade? Or does it matter one way or another?
TA does not work (mostly), otherwise all TA experts would be insanely rich already which is typically not the case. If that is the case then would it be valid to say that all those authors who wrote all the books about technical analysis are scamming the trading newbies like us into thinking that we too can be winners in trading only if we learn it? When I say "they are scamming us" what I mean is that those authors know that what they are writing about does not really work. probably not, but it does not make TA a science, just another voodoo, basically, of postfactum explanation for the events that already happened. TA has very little predictive value, otherwise everyone using it would be rich in opposite to other investors who would be poor, as I said before. TA tries to explain what happened from a certain point of view plus provide future probabilistic analysis and look for some patterns, that's all. explain from the TA perspective why first bitcoin bubble stopped at $32, second at $266 and third at 1165? Impossible. In that case, then they might be really scamming us into thinking that technical analysis has predicitve value. I just realized that these authors are more concerened about selling books for peofit than making profit in any market themselves. Joining this forum has taught me a lot of things and made me realize that almost every "idea" out there could be out there to scam the clueless. |
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I invested on their ico with bnktothefuture. I suspect its going to be big. VERY big.
I am skeptical. I think that it will be a disappointing presentation from him. Yes, I am excited and curious on their implementation of the Lightning Network but I do not want to put too much hype in it. Let us just say that I am not holding my breath so to speak. What could really this be except Kimdotcom's version of LN? Is it really something the whole Bitcoin community will use right now? Open Bazaar was overhyped, look where it is now. Are we all using it to buy and sell goods in the internet? No the majority of Bitcoin holders still prefer to use their credit cards and buy at Amazon. No. He really knows what he's doing. This is not like a new venture for him and I doubt this is something he rush rush put together. You make a good point about open bazar but this is different and I think bigger too. Its all speculation now. Only thing to do is wait it out and see what happens. Yes we will see. Nothing will convince some of us until we see this new project in action and how it is implemented. It would also be good not to overhype the project because we might end up tricking ourselves that this will be the ticket that will take Bitcoin to new ATH. |
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I invested on their ico with bnktothefuture. I suspect its going to be big. VERY big.
I am skeptical. I think that it will be a disappointing presentation from him. Yes, I am excited and curious on their implementation of the Lightning Network but I do not want to put too much hype in it. Let us just say that I am not holding my breath so to speak. What could really this be except Kimdotcom's version of LN? Is it really something the whole Bitcoin community will use right now? Open Bazaar was overhyped, look where it is now. Are we all using it to buy and sell goods in the internet? No the majority of Bitcoin holders still prefer to use their credit cards and buy at Amazon. |
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Thanks for this information and this is quiet an inspiring words specially to those people who wants to learn trading.I could really say that it would really require to learn trading for longer years and its not an easy thing because you will need to build up experience and strategies to be profitable.Its very true that some people are not interested into the word "trading" when they do have jobs.Just like on my situation i dont have a job but still i would really love to learn trading not just for last resort on making money but i do have really the dream of being a professional trader.
Yeah,the best traders in the world learn from their mistakes and continue to trade. They have one thing in common-lots of money....  Trading is actually like having a job.It is like a job, yes and the risk they take is greater. But it is a "job" they love to do. All the research, the hard work and the buying and selling they are doing must really not feel like a real job for them. Because one thing I have noticed is with them, they enjoy it a lot and maybe it feels like they are incomplete without it. |
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To all the TA experts out there (masterluc, RyNinDaCleM, chainsaw, chessnut, and the many others I am leaving out!), I am wondering whether it makes sense to talk about the time frame that a given trader is working in, in the context of a single trade.
- When trading, do you consciously pick a timeframe? i.e. do you pick a candlestick time interval and stick with it for the duration of the trade?
- Suppose a trader makes a buy based on a pattern in the hourly charts, but then makes a sell based on a pattern based in the 5-minute charts. (Or vice versa). Would that be considered poor practice? Would it be evidence of an undisciplined trader? Or would you encourage a trader to look at multiple timeframes within a single trade? Or does it matter one way or another?
TA does not work (mostly), otherwise all TA experts would be insanely rich already which is typically not the case. If that is the case then would it be valid to say that all those authors who wrote all the books about technical analysis are scamming the trading newbies like us into thinking that we too can be winners in trading only if we learn it? When I say "they are scamming us" what I mean is that those authors know that what they are writing about does not really work. |
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Would be great to see loads of support & a new fooor at $1000 but I don't think we're quite there yet, here's hoping though. Would be bullish AF.
I agree. $1000 broke quite easily if you ask me and it shows the nature of Bitcoin and the Bitcoin traders. Quick gains and quick losses are the name of the game which is why there are people in the mainstream that have a hard time taking it seriously as an investment vehicle. |
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Yes thank you for doing that. An explanation of how he invented the "Bubble Index" would be a welcome effort from him. It would be nice for the people with an economics or a finance background to see and scrutinize it and find out if it has some validity. We should not be ready to take what people say seriously and should save a little doubt in order to know which are based on facts and which is not.
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Whilst working out at the gym it came to me. I think I get what you are trying to say now. So what about this explanation. Let us say that Bitcoin indeed reached $1m per coin. Every Bitcoin holder will be rich and that will encourage them to spend their coins, thus achieving the Big Rip more quickly. A person who is holding BTC0.5 even will have enough to spend for his needs for a few years.
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Bitcoin price will again go down to 600-650$ by june-july end.By august it will be definitely in range of 600-650$
Bitcoin value will again start dropping down after reaching 1.2k$ or max 1.3k$ or else will start taking fall soon.
As per reports in a month or two bitcoin will again start falling down from 1000 slowly and steadily and will reach 600 in 6 months and will again start rising after september end/october.
What do you base this prediction on and why should we listen to you? What are your qualifications for doing this prediction and what is your work background? Did you work as an investment banker, a financial analyst or as a securities trader? For now let us assume that you are talking nonsense and I would personally assume that you already sold your Bitcoins and did not expect the price to go past $1000. |
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I don't use bitcoin debit card because it is additional expenses and bother. I use CEX.IO instead. I sell bitcoins when I need and withdraw them from cex wallet directly to my regular Visa bank card and pay for this withdrawal $3.80 only. This is a cheapest fee. BTW, it's instant! This is a nice feature for all exchanges to have. I believe the next exchange to implement something like this will be Bitstamp or Kraken. I have one question. Does the card have to be Visa? Do they also accept Master Card? |
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That's the whole idea behind the Big Rip!
Hoarders holding on to their coins will make less coins participating in circulation (Bitcoin as a financial asset and currency), and the price can be however high. What about 1M dollars per bitcoin with a few hundred million bitcoin holders and only a few hundred bitcoins being freely traded across the world? If someone should decide to cash out his 1K stash of bitcoins, it will be bought up immediately by millions of greedy hands. Ultimately, it will cause all 21M bitcoins (minus lost bitcoins, of course) get distributed more or less evenly among the world population and then the Big Rip happens (run-away price with ever diminishing Bitcoin units)
That may happen in theory but we as humans tend to bw greedy and want more. Bitcoin will not change human nature, in fact it will validate it especially as Bitcoin's price surges higher and higher. Never have we seen the ideal scenario where wealth is evenly distributed to each one of us. Not even the communists have achieved that kind of equality. The problem is that Bitcoin is not wealth itself But that is besides the point of the Bitcoin Big Rip theory. If everyone behaved rationally and were here to build a utopian society then yes, it can happen. All the Bitcoins will be distributed as widely as possible. But that goes against our nature and impulses as humans. Even fiat money is not wealth. Basically, it is a tool for exchanging wealth, and if you have, say, 100T US dollars in your bank account or in paper dollars, for example, you created a machine for an atom to atom copying Benjamins (let's assume they don't have serial numbers imprinted), you won't be able to buy all the genuine wealth existing in the world. In fact, you won't be able to buy even major public companies that are being traded on exchanges, since no one will be going to sell you a controlling stake in a profitable company for whatever money. Russia has once tried to buy Opel with their US dollar reserves, you can search what's come off this
Interesting. I will research on that if I have the time later. That is why you are one of my favorite posters here in the forum. You have many interesting thoughts and ideas. |
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As per a report by Caixin, a famous economic and political media, several bitcoin exchanges denies the possibility of using bitcoin to bypass the tightening capital control in China. The report attributes the rocketing price of Bitcoin to global demand and the loss of faith to traditional currencies. We could all come with different opinions and "facts" on why the price of Bitcoin is rising right now. The truth is no one really knows why. Maybe it is a simple pump and dump. What happen around bitcoin right now looks De Javu but the situation has changed . Plenty of mainstream media coverage on the street but the bubble index developed by Jiang Zhuo’er says No. I do not mean to be disrespectful. Who is Jiang Zhuo’er and why should we listen to him? Kindly explain to us what the Bitcoin Bubble Index is so we that we understand each other and start a good discussion. |
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This is depending by users, don't blame bitcoin if any user that buying drugs with bitcoin. Before bitcoin, of course they also buying with money.
Yeah this is like victim-blaming and in this case, the victim is bitcoin, and people when they hear things about bitcoin that accuse bitcoin of stimulating the growth of drugs dealing, tend to have negative view of bitcoin although buying drugs doesn't have anything to deal with bitcoin and it's all about how bitcoin users want to use their money. People really need to get rid of this thought and have a closer look into the reality. I am happy that someone gets it. Bitcoin is a censorship resistant currency for moving value in the internet. What do the people here expect the Bitcoin users will use it for? So of course buying drugs online using Bitcoin is the best use for the currency. |
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The scientists are arguing whether the Universe will ultimately implode into one big black hole (so-called Big Crunch) or explode into nothingness (so-called Big Rip). The Big Rip essentially means that all the matter of the Universe including stars, atoms and elementary particles as well as spacetime itself will be torn apart by the expanding Universe in the future. As I see it, the Big Crunch in respect to Bitcoin would mean accumulating all bitcoins in a few or just one pair of hands, but this is not very likely to happen, so the Big Rip seems to be more possible as we see with the price sky-rocketing right now. Given the Bitcoin infinite divisibility, the Big Rip of Bitcoin would mean the price per 1 BTC shooting through the moon and farther into the depths of the Universe, thereby making Bitcoin and its 21 million coins dissolve completely in the financial spacetime... So how likely is this, and what is your understanding of how things might unfold in this regard? Interesting. How is a "sky rocketing" price related to the Big Rip of Bitcoin? Would it not encourage the people to hold on to their coins and avoid spending them? If yes then how can the Big Rip happen in such a scenario unless the coins are given away at almost free cost? That's the whole idea behind the Big Rip! Hoarders holding on to their coins will make less coins participating in circulation (Bitcoin as a financial asset and currency), and the price can be however high. What about 1M dollars per bitcoin with a few hundred million bitcoin holders and only a few hundred bitcoins being freely traded across the world? If someone should decide to cash out his 1K stash of bitcoins, it will be bought up immediately by millions of greedy hands. Ultimately, it will cause all 21M bitcoins (minus lost bitcoins, of course) get distributed more or less evenly among the world population and then the Big Rip happens (run-away price with ever diminishing Bitcoin units) That may happen in theory but we as humans tend to bw greedy and want more. Bitcoin will not change human nature, in fact it will validate it especially as Bitcoin's price surges higher and higher. Never have we seen the ideal scenario where wealth is evenly distributed to each one of us. Not even the communists have achieved that kind of equality. |
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