It would be so unbelievably difficult to undo what's being built around the world pertaining to this technology.....
The longer we go with governments and banks doing nothing, the stronger the infrastructure is getting.
The stronger the infrastructure gets the less chance BTC will ever hit zero.
The more viral BTC goes the less chance BTC will ever hit zero.
The more businesses accepting BTC ... the chances of BTC hitting $0 become *zero*.
I honestly can't even think of what would have to happen on a global scale that could make BTC drop to $0.
Maybe nuclear war ...
Therefore, statements like the above one, don't seem to reflect an awareness of reality to me anymore.
No government will allow Bitcoin to compete with its local currency Governments currently are allowing Bitcoin to compete with their local currency. It seems there's something of a stand off going on - governments are aware of Bitcoin, and you would expect their immediate reaction might be to try to ban its use. Unfortunately for them, they only have jurisdiction over their own territory, and Bitcoin is a global currency. So if, say, America were to ban the use of Bitcoin, there's nothing to say China wouldn't simply continue to encourage adoption. At this point, all BTC related business would move to China, leaving the U.S. behind as the rest of the world simply reaped the benefits of this new technology. Not true, Thailand apposes bitcoin, and we don;t know the reaction of the chinese government towards it if it blows out of proportion, as bitcoin most certainly does not suit the fundamentals of chinese communist ideology Don;t get me wrong, this isn't a worry for us in western democratic states, however one anti bitcoin sentence from the chinese government will cause a collossal crash, just so we can buy it all up  i don;t think anyone can disagree that if the chineese government does accept bitcoin, they will most certainly want to be to regulating the exchanges, this will also cause a crash, so now is not the time to buy folks, let the chineese have their fun for the meantime, and lets swoop in later thats all The China/America thing was only to illustrate a point. You also have Europe, Russia, Africa, South America to consider - Basically all it takes is one country to say, 'fuck it, we love Bitcoin - do as you please' and they become the hub of all Bitcoin activity overnight. Then the fact that Bitcoin will still be functional in every other country means that there will probably still be people in those countries using it regardless of legality (as is observed with the prohibition of cannabis, for example) I agree with you completely, however right now its china who are bitcoin bonkers, thats why i am talking about them, they almost have a kamikaze view on buying bitcoin |
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It would be so unbelievably difficult to undo what's being built around the world pertaining to this technology.....
The longer we go with governments and banks doing nothing, the stronger the infrastructure is getting.
The stronger the infrastructure gets the less chance BTC will ever hit zero.
The more viral BTC goes the less chance BTC will ever hit zero.
The more businesses accepting BTC ... the chances of BTC hitting $0 become *zero*.
I honestly can't even think of what would have to happen on a global scale that could make BTC drop to $0.
Maybe nuclear war ...
Therefore, statements like the above one, don't seem to reflect an awareness of reality to me anymore.
No government will allow Bitcoin to compete with its local currency Governments currently are allowing Bitcoin to compete with their local currency. It seems there's something of a stand off going on - governments are aware of Bitcoin, and you would expect their immediate reaction might be to try to ban its use. Unfortunately for them, they only have jurisdiction over their own territory, and Bitcoin is a global currency. So if, say, America were to ban the use of Bitcoin, there's nothing to say China wouldn't simply continue to encourage adoption. At this point, all BTC related business would move to China, leaving the U.S. behind as the rest of the world simply reaped the benefits of this new technology. Not true, Thailand apposes bitcoin, and we don;t know the reaction of the chinese government towards it if it blows out of proportion, as bitcoin most certainly does not suit the fundamentals of chinese communist ideology Don;t get me wrong, this isn't a worry for us in western democratic states, however one anti bitcoin sentence from the chinese government will cause a collossal crash, just so we can buy it all up i don;t think anyone can disagree that if the chineese government does accept bitcoin, they will most certainly want to be to regulating the exchanges, this will also cause a crash, so now is not the time to buy folks, let the chineese have their fun for the meantime, and lets swoop in later thats all |
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Graph was world wide, however just for the sake of argument, please see graph below, the lsat graph is 'bitcoin' in chinese, where we can witness a huge surge, which supports my bearish opinion even more,
The point that i'm making across is that the rise in bitcoin value isn't due to fitting the adoption curve or bitcoin transactional utility for goods and services, based on this research, at the moment the rise in bitcoin value is hype driven, which is always and i repeat always the most dangerous time to buy, what will occur is eventually after this hype dies down, we on't be seeing an imminent crash like last time, however a slow landslide fall back to the $200's. An constant increase in price is unstustainable and if the price isn;t increasing interest is lost, so once again buying now at these prices is not wise in my opinion
So when according to you should be the best time to get hold of 4-5 BTC. Around Christmas? Many people may sell their's at that time. Bingo! |
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gentleman, gentleman, i have bitcoins.......... however this is the reason why i am not buying more bitcoins at this price point, and i am therefore bearish
If you are really bearish, why not sell all those bitcoins you have... How come? Maybe, you just don't know - as most of us? Selling all your bitcoins doesn;t indicate you as being bearish, it indicates you as being a retard, One never sells all his bitcoins, even if one has ultra bear views - Fact However not buying more bitcoins due to exageratted prices is intelligent, and slightly bearish |
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gentleman, gentleman, i have bitcoins.......... however this is the reason why i am not buying more bitcoins at this price point, and i am therefore bearish
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This is why i am not buying now,
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[...]
check out these dates for when the month's lowest price occured.
16-Apr $50
03-May $79
09-Jun $88
05-Jul $65
08-Aug $100
06-Sep $121
02-Oct $109
[...]
As a new bear I love this table, I will print it and put it on my desk  +1 |
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also is .01 transaction fee a lil much now?Its like $3..Who collects those fees?
miners |
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Expecting a big recovery tomorrow when all wires from Thursday Friday get into accounts on Monday
A recovery from what, we're still at an ATH |
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Alright guys, whats your best guess/advice for a noob trying to figure out when to buy in? Only have $200 in BitStamp...so I'd like to make it worthwhile. Suggestions?
At this moment there is to much volatility, the price can go anywhere. I'm bearish right now so my opinion is biased, but I think it's a very risky moment to buy bitcoins. I would wait three days more. I agree, buying at an ATH is always a risky move, correction is imminent, and no this dip wasn't the real correction |
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actually it is very healthy
That's the feeling I get. We get crazy gains but then they get pegged back to reality. Back in april it was unfettered, now it seems 'fettered' or at least every time it seems like a bubble the market thinks "oh hai we're in a bubble, let's sell" hmmmm, the problem isn't the price, its the speed at which the price is achieved, which naturally does make one assume that we're in a bubble, otherwise we would just shoot to 1 million dollar bitcoin automaticall, this process needs to happen in order to suit adoption rate etc |
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so it's basically just samson and bitwhizz trying to harangue me
personally I've nothing against gay marriage at all and I hope they are very happy. All I'm saying is that selling their bitcoin for "1$-$100" is stupid when they can earn over 300 dollars if they act like real men and have some balls
Dude,your getting way to worked up, 1. my balls are so big they weigh more than gold 2. earn over 300 dollars??? i have bigger fish to fry 3. i own bitcoins 4. 300 dollars isnt a bargain is all we're sayin based on the logical assumption that its currently an ATH, it would be a bargain if we went up to 1000 dollars then dropped, but as its ATH its generally not a bargain, therefore i was referring to anything below 100 dollar as that would mean atleast a 3x gain to the current price [p[oint which in my books would mean a bargain value Good day |
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i would say 1-100 dollar bitcoin is a bargain, not 300 dollar bitcoin
An absolute bottom of $100-$150 this time around after the $50 absolute bottom in April is very good growth and considering we left the old ATH way behind it can only be good for the long term. Remember pure undiluted greed is driving these market movements. Nothing is done without the single goal to maximise profit. A sudden increase like this happens for a reason - somebody with a lot of USD decided to pump the price. When his targets are reached he will liquidate and wait to do it again and again. None of these large movements are a community driven effort - it's a sustained pump designed to inflate the price to new highs and it's working. It will get media attention and inspire people to check out Bitcoin. But cold hard cash is the motivating factor here. +1 |
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i would say 1-100 dollar bitcoin is a bargain, not 300 dollar bitcoin
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weekends are for selling. although it doesn't happen every weekend if btc is high on a friday then a lot of people will sell over the weekend and the price will fall. That's natural.
I think there's a small chance of hitting under 300 at one of the exchanges tomorrow but it won't last long as bitcoin under 300 is a bargain
The price has been above $300 for only 3 days, ever. The last three days and you consider it a bargain. LOL, WTF  Is that you rpietila ? LOL I was thinking the same! |
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bear trap? you mean bull trap
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Averaging $3M in gains daily over the past week. Bitcoin is officially my #1 investment.
Don;t take this troll too seriously He may or may not be a troll but he has over 40,000 btc. My bad then. i don't know loaded, neither did i think his comment was serious, if he really has that many bitcoins, good on him |
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Averaging $3M in gains daily over the past week. Bitcoin is officially my #1 investment.
Don;t take this troll too seriously |
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