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As more and more people start to move their savings to BTC, fewer and fewer will buy bonds and stocks. And in the end that will crash the bond and stock markets unless they start pricing them in BTC. And that is what will really spook the banks and governments. And that's when they will really try to ban crypto currencies.
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They are still in the "then they fight you" phase. So we haven't won allready. Bullish! Seems like nothing more than sensible advice to me. The guy's telling people they're on their own and he don't get it. And Bitcoin developers themselves warn people they could lose all their money too. I know. This is all a gamble. Could go well if bitcoin scales to the demand, could go wrong. I'm just chiming in on the hype. Personally I think we're at the beginning of the mania phase. By now either my mom nor my grandma nor my brothers want to buy bitcoin. So there's room to grow. If my grandma asks me if she should invest, thats a clear no from me. If we have a slower but constant rise over the next months, this assesment could change. I don't think it is much a question of investing vs no investing. It could well be a yes to investing for everyone... depending on HOW MUCH. I don't see any problem in everyone "investing" any quantity they would otherwise just SPEND/WASTE in a casino or other useless lucky game. Same as I don't see any problem in any multimillionaire investing a few percentage of its net worth into it, even if he doesn't know what he's doing. Normies investing their whole savings? That's a solid NO. Luckily I'm not a normie and never invested. I just got my coins. Good old times when Bitcoin just lay about everywhere. Only problem: explain that to your tax office. I think they get more in capital gains tax from us than they would have gotten in income tax. |
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From Kraken's announcement: Remember that if you are publicly advertising your involvement with cryptocurrencies, you are making yourself a target. Be extra careful guys! We don't want a $5 wrench unlocking our wallets! I'm just sitting here waiting to be kidnapped by thugs. It's bound to happen. Here's a nice Swedish company that will make you feel safe in your home. They will definitely be building my next home. http://www.sakrahus.com/Default.aspx?smlang=ENG |
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Video links are generally useless without some context. Is this a song? Aint nobody got time fo dat! Queen - Another One Bites the Dust (Official Video) |
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Can you even sell Super Bitcoins yet? I couldn't find a wallet that even supports it. Not storing my bitcoin on some exchange just to get quick crap coin dumps.
None of the wallets on their site supports it? I tried bitpie and it didn't have it listed. Pretty sure Electrum doesn't. I don't know about the 3 Chinese wallets, I was hoping someone else might have found one. Is it on line with a stable chain yet? Wallets won't support until then. Wait a couple of weeks and try again. |
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Can you even sell Super Bitcoins yet? I couldn't find a wallet that even supports it. Not storing my bitcoin on some exchange just to get quick crap coin dumps.
None of the wallets on their site supports it? |
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Found this, have not tried but I probably will download. Handy to have all shitforks in one wallet.
"Bitpie will support all hard fork token if
1. Mainnet is online and stable
2. 2-way Replay protection is implemented
3. Fair distribution and no private key import needed to claim."
Still have no idea how to claim them tho, not much info on their sites. If anyone knows, please share.
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Know what massive wealth doesn't protect you from? Toothache.
Memento mori.
Actually, it does if you spend some of it on a dentist. |
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Well, I may be wrong, I'm not an oracle. But I do believe in my predictions. But eventually, time will tell. Let's have another pow wow this time next year and see if we are still on track.
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I dont think you understand how much fiat money has to be put into btc for a 1 million valuation.
I think people overestimate how much fiat it will take to go up another 60x. Here is a thought experiment: What if the decimal place was moved in bitcoin to give a 1:1000 split? If collectively everyone used the term bitcoin for the unit of value we currently call a millibit or mBTC making the total eventual supply 21 billion instead of 21 million, the price currently would be ~$16.70. How hard would it be to pump it over $20? Would it be that hard to get to $100 again for an equivalent $100,000 value or $1000 for an equivalent $1,000,000 value? 2 years might be a little soon but who knows? Nice way of making it understandable, great. |
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If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.
I said "One million will be reached within two years at this rate." So two years and no slowing down. If there isn't enough money for that then it won't be at "this rate". Ok, i understand - but just to bring it into perspective i do not believe that 50% of the worlds population will use BTC in 2 years either. And imho BTC would not need it per se to have a valuation of 1 million per coin. It could be used as a store of wealth or as a settlement layer of the super rich, multinational companies and nation states.
If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.
im a superbull - but thats even too much for me: That's what some people said in here when I predicted 10000 by the end of this year and 80000 by the end of next year, and look where we are now. If Bitcoin ETFs get approved next year, $80k could be achieved in a week or two. Seriously. Following BETI it should be 30-40 k next year (this is what believe too btw)  I never said that 50% of the population would use bitcoin in two years. Go back and read what I wrote, you obviously have misunderstood. |
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If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.
im a superbull - but thats even too much for me:  It's maff. And yes it sounds ludicrous. But if bitcoin becomes widespread enough, which it will if the global fiat economy collapses, which it will, then it really could happen. Let's just not forget our principles if we end up as billionaires one day. Yes one day we will be there for sure - but i really doubt that day is in 2 years. We have to fix a lot of problems before that especially regarding scaling and mining centralisation. I dont want to wake up one day seeing communist china nationalizing all mining farms. If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.
im a superbull - but thats even too much for me: That's what some people said in here when I predicted 10000 by the end of this year and 80000 by the end of next year, and look where we are now. Mate, 1000 to 18.000 is a bit much different then 18.000 to 1 million  If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.
im a superbull - but thats even too much for me: That's what some people said in here when I predicted 10000 by the end of this year and 80000 by the end of next year, and look where we are now. Yeah, the human brain is not very good at understanding big numbers. $100-$10,000 seems doable but $10,000 to $1,000,000 seems impossible. That's why they created the stock split to keep people buying with astronomical stock prices. I dont think you understand how much fiat money has to be put into btc for a 1 million valuation. I said "One million will be reached within two years at this rate." So two years and no slowing down. If there isn't enough money for that then it won't be at "this rate". |
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If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate.
im a superbull - but thats even too much for me: That's what some people said in here when I predicted 10000 by the end of this year and 80000 by the end of next year, and look where we are now. |
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Bitcoins price is set by supply and demand, and no cash settled futures can change that.
 and we have already disseminate 79,7% of the bitcoins.  If it is true that only 0,01% of the population today uses bitcoin, and the price is almost 20000 USD, imagine the price when 50% of the population uses bitcoin. We are talking several hundred million dollars, maybe even in the range of a billion. One million will be reached within two years at this rate. |
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Alts aren’t part of futures. Anyway Forget it. I’m probably just being paranoid.
let's see what happens when both futures markets are running for a while, but i think you could be on to something. bitcoin and alt traders are used to commanding the market. if that's taken away from bitcoin then they have a whole world of other coins that they do have more control of. it's possible futures might make a two speed crypto market. as certain alts gets bigger they too might have futures at which point they're left to the bigger boys too. it'll drive more regulation and much more discerning exchanges. they won't list shitcoins. but whatever happens it's gonna take a while to figure out the effects. How is a cash settled bet on bitcoin taking away command of the market? Interesting question, here is the (partial but we'll written) answer: https://medium.com/swlh/will-the-futures-market-do-to-bitcoin-what-it-did-to-gold-b7d35704641Are the gold futures cash settled as well? |
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How is a cash settled bet on bitcoin taking away command of the market?
it doesn't on its own of course, but it inspires people with futures positions to take some direct involvement in the bitcoin market and they have a lot more money to play with than the last generation of whales. But that should be bullish rather than bearish. |
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Alts aren’t part of futures. Anyway Forget it. I’m probably just being paranoid.
let's see what happens when both futures markets are running for a while, but i think you could be on to something. bitcoin and alt traders are used to commanding the market. if that's taken away from bitcoin then they have a whole world of other coins that they do have more control of. it's possible futures might make a two speed crypto market. as certain alts gets bigger they too might have futures at which point they're left to the bigger boys too. it'll drive more regulation and much more discerning exchanges. they won't list shitcoins. but whatever happens it's gonna take a while to figure out the effects. How is a cash settled bet on bitcoin taking away command of the market? |
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Since this market is nothing but one giant scam with centralized mining, a centralized technocracy controlling coin parameters and development, and centralized collusion controlling where the price goes among a handful of corporate entites like Pantera Capital, the fact that all alts turned green means BTC dump imminent because they now want to try and sell you overpriced altcoins instead of overpriced btc.
But of course Mr Roach. |
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Futures is restricting btc growth from now on
How so? Not that I disagree... Setting an artificial benchmark for valuation And what does that mean? Well if they set a price people *may* elect to follow it. Why on earth would they do that? As I said let’s hope not. It would tie in with a rush to alts though . I fail to see how alts ties in. Alts aren’t part of futures. Anyway Forget it. I’m probably just being paranoid. Paranoia can be good. |
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The futures are cash settled, they are just betting on bitcoin, not actually buying any. Personally I don't think it will have any effect on bitcoin at all.
Bitcoins price is set by supply and demand, and no cash settled futures can change that.
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