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81  Economy / Speculation / Re: $70,000 anyone? on: December 06, 2017, 07:15:54 PM
I hope the lightning network can help speed up transactions for Bitcoin.
82  Economy / Speculation / Re: John McAfee Bets His Manhood that BTC will reach $1 mil by 2020 on: December 05, 2017, 12:53:44 AM
Bruv, that dude may say whacky stuff, act whacky and be totally whacky et al but he got some some out of the box kind of thoughts. He may turn out to be right and may simply be unbiased and logical to make this type of prediction.
83  Economy / Speculation / Re: $70,000 anyone? on: December 05, 2017, 12:51:14 AM
This $70,000 may come sooner than 2020 halving if this positive trend continues for another 2-3 months and we pull out into the 20k area where the 5 figure pricing will start to look normal to everyone.
84  Economy / Speculation / Re: The rally will eventually end with a dip to at least $3K on: December 05, 2017, 12:45:48 AM
Anyone who's been around since 2013 or earlier knows we will be back to $3k eventually.

Past performance is not an indicator of future performance. That is the first rule of trading and in fact this is stated in just about any financial product prospectus.
85  Economy / Speculation / Re: The rally will eventually end with a dip to at least $3K on: December 05, 2017, 12:43:56 AM
OP must have missed the train and got left on platform. But you know what, there is a train coming through every single day and I believe Bitcoin is very severely undervalued at this time. Anyone not getting into the game will regret it more and more as years go by.

20 years from now, there will be two classes of people, those who bought Bitcoins and those who did not.
86  Economy / Speculation / Re: if you were ever in doubt about the scale of money prinitng going on.... on: December 05, 2017, 12:38:36 AM
I could think of a hell of a lot of much better, much more fun things to spend 592 million USD on if I had that kind of money. Iím not cultured but fuck that Grin

People who are extraordinarily rich find themselves investing in two things. One is anything that can save them time. The other is art because it is found to appreciate over time and possible to keep the entire affair private.

Like someone else stated, Bitcoin right now is similar to art. People all over the world are saying just that same thing about Bitcoin in that its ridiculous to pay $11,000 for something which does not even exist in front of their eyes. Well, soon just a single Bitcoin will be more than the value of this painting.
87  Economy / Speculation / Re: What does the Chinese market now consist of? on: December 04, 2017, 05:45:22 PM
The goal of Chinese government is to bring wealth into the country but not allow it leave. Mining brings in wealth. Allowing users to buy Bitcoins with RMB has a huge risk of that Bitcoin leaving the country and getting converted to another currency, basically money leaving the country.

They are on top of everything including the mining activity and they are quite happy with the Bitcoins being generated in China.

They do have unofficial channels to buy and sell Bitcoins so its not an issue for miners to sell the coins for RMB.
88  Economy / Economics / Venezuela to launch 'Petro' cryptocurrency on: December 04, 2017, 02:26:23 AM
Maduro to avoid the financial harassment from US and such has announced a crypto currency for Venezuela. Not exactly sure how this will make it any better then the currency they already have in a free fall. Can release of 'Petro' really help Venezuela?
89  Economy / Speculation / Re: Mark Cuban douchebag on: December 01, 2017, 08:02:26 PM
So why is he always spouting off about how btc is in a bubble and will fall hard soon and continues to be proven wrong but he just keeps flapping his gums? Is he that butthurt he didn't buy when it was cheap or is he that stupid he doesn't understand what btc is?
All the sharks in the sharktank are fucking assholes, but he is really embarrasing himself.

He is doing that so he can have time to put his own money into it. Dimon will diss Bitcoin and then his group actually has a team setup to create products based on Bitcoin at the same time.

I hope all the rich clowns don't invest anything into Bitcoin at all and stick with Fiat so we can all stick to them later in a few years so they can eat their own.
90  Economy / Speculation / Re: Crash or Correction on: November 30, 2017, 08:06:51 PM
I am buying at current prices and will not sell below $15k in future.  Wink

And therein lies the genius of trading Bitcoin. Just HODL till you get the price you want. I am not sure there are other commodities where such a strategy would work but it will work for Bitcoin.
91  Economy / Speculation / Re: Bitcoin Diamon is TRADING at yobit now! on: November 30, 2017, 06:14:14 PM
The domain name itself was just registered earlier this year and the traffic which is very minimal is mostly Russian. You do the math.
92  Economy / Speculation / Re: USD 36,000.00 in the next four weeks. on: November 29, 2017, 08:26:27 PM

Has anyone seen anything like this in the history of the trade-world? Shocked

This is not the trade world. This is a completely different world where neither stock, currency or commodity rules apply. Bitcoin is unique in that it is an asset as well as practically being used with limited supply. All these charts are useless in my opinion and considering so much hype all over the world about Bitcoin, its going to explode to unimaginable levels easily.
93  Economy / Speculation / Re: $11k? Too fast or just hyped? on: November 29, 2017, 08:23:25 PM
$11,000 a coin is severely undervalued if we consider investors getting in on this game. I would put the value of Bitcoin this year at $70,000 and next year at over quarter million dollars.

If the general public wants to be part of Bitcoin, then $1 million a Bitcoin will start to look paltry.

Once again, $11,000 a Bitcoin is very undervalued.
94  Economy / Speculation / Re: $70,000 anyone? on: November 29, 2017, 02:59:41 AM
Does anyone know if BTC developers will ever fix the slow transaction issue? Is it on their roadmap?

This part of your comment really looks a bit uninformed. As if there have not been continuous forking battles over the direction of Bitcoin and that there is a quick and simple solution for the scaling issue.

Perhaps you should consider rephrasing your question.

I am not quite able to understand why Bitcoin core developers don't move forward with some type of dynamic block size and so on. I am a software developer myself and sure there are some tough decisions that come around when choosing updates to an existing software but it cannot be this hard to make a choice. Considering the billions of dollars in investments, I think Bitcoin core can do better to solve these issues and keep itself the best in terms of security and performance.
95  Economy / Speculation / Re: 'Bitcoin has gone parabolic,' and that usually doesn't end well, Art Cashin warn on: November 28, 2017, 04:27:29 AM
Yeah, it does not work well generally, but this is Bitcoin, a digital currency limited to 16 million of them out of which a few million are probably lost.

All of these 'veteran traders' will be eating their own in a couple years when they see Bitcoin over and above their smooth predictions. oh wait, they probably are already eating it right now if they did not get a chance to get into the game while they had a chance.
96  Economy / Speculation / Re: How Do You Know When To Buy Bitcoins? on: November 26, 2017, 04:17:02 PM

The special thing about Bitcoin is that it is severely limited in supply. 16 million ever so ANYTIME is the BEST time to buy it and spend when you retire like a boss. Or keep waiting and encounter the possibility of buying 1/100th of what you can buy today in a few years.
97  Economy / Speculation / Re: If I buy just 5 bitcoin today 2500$, Next 5 years bitcoin will be 15000$ on: November 26, 2017, 03:59:39 PM
I hope you did buy the 5 Bitcoins and did not stall on it. Even now, anyone not buying a few Bitcoins will truly regret because the world around them will rise up leaving them behind.

Bitcoin is the new money and people are starting to get it. They can either keep the toilet paper fiat or exchange it for 'real' money which is Bitcoin.

I bet MOST of the new funds coming into Bitcoin is not common people but rather investors who have smarted up after putting their head in sands for the past 5 years or more. They don't like a new game coming into town and learning new things and prefer their old ways, which is going to become obsolete.

The funds from common people will follow post the 2020 halving raising Bitcoin to new levels unimaginable at this time.
98  Economy / Speculation / Will Bitcoin cause worldwide economic collapse in the future? on: November 26, 2017, 03:54:12 PM
Will Bitcoin with its decentralized system cause worldwide economic imbalance or collapse in future?

Businesses (and individuals) may start to accept and pay with Bitcoins to get away from the prying eyes of the government (and taxes). Governments currently use monetary policies to manage a healthy economy but they will not be able to manage Bitcoin and will be helpless if the economy goes to the dump. Governments may become starved for cash since it will harder for them to tally up who owns how many Bitcoins. Rogue regimes like NK may be able to peacefully conduct business under sanctions causing security issues.

Will Bitcoin eventually cause economic chaos in the future? Or will the freedom created by Bitcoin result in a greater economic growth and more tax funds to government?

We have a live one, this is NOT a drill anymore.
99  Economy / Speculation / Re: Why the bitcoin price doesn't stop rising? on: November 26, 2017, 03:42:35 PM
Because you can send money from one country to another in a jiffy without dealing with banks. You can present money to another party without showing your identity. It is going to be limited in supply. Consider the fact that it is legal in Japan.

100  Economy / Speculation / Re: $70,000 anyone? on: November 26, 2017, 03:41:05 PM
All this talk about $8000 and $10,000 and $15,000....This is literally like a gold rush right now considering most people in this world will hear about Bitcoin in the next couple years and will want to own one just for the sake of owning it.

Does anyone know if BTC developers will ever fix the slow transaction issue? Is it on their roadmap?
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