I dislike the hysteria and mob mentality when it comes to accusations of sexual abuse. If the man hasn't been found guilty by a judge it's not our business to judge. Full stop right there. Anyway I don't care about the Bitcoin foundation and its members.
Agreed. But unfortunately, the media will drag this out into the mainstream after the next bubble pop, when they want to spread FUD to drive the price down again (to benefit their whale trader friends). Just like they did with all of that "We found the real Satoshi Nakamoto, he's Dorian!" bullshit. Just like now: Do you see any real bad news about bitcoin in the press right now? No? Do ever you wonder why that is? And do you wonder why there was an absolute avalanche of bad news just after the bubble popped? Why bad press then, but not now? Hmmm? Why did the media bad press end *exactly* when the downturn was done and all of the speculators finally left? Just coincidence? And you think that is air that you are breathing now, Neo?  |
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I keep referring the central government as the lord because:
If you are rich and powerful, the Lord can still take you down, doom your reputation and confesticate your business in an overnight, but you know the Lord won't do it without a good reason. The central is so efficient, that you better think it as a unified person with integrity, that he doesn't retaliate without reason and purpose, and he doesn't act on too small offenses or lack of briibe, he knows if you are loyal by the look, and he acts relentlessly - you can even love him for his integrity.
Yep, what you keep describing is soooo much better than what we have in the West. So much better to be filthy rich and powerful but still live in a cage and live in fear, than the system we have. In fact, the Nazi leaders and military commanders were also rich and powerful, but lived under a state of control and fear. And we have all seen how that turned out... /s |
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In the past, price has always went UP after any stable period.
I'm not sure how much longer the price will pretend to be stable, it may be weeks or months.
If the price drops from here and doesn't come back up, it would be a first in bitcoin history.
In 2013, the price may have went up after stagnation but that was because it was getting a lot of media attention and average Joes were buying in, this year, after many average Joes were robbed by exchange owners (not only MtGox) - 2 exchanges in my country stole the coins and money, this year my boy, its going to drop after stagnation.....is has been doing so since the beginning of 2014. then don't waste your time here, go do something with your life instead of wasting it on a dead horse... Shorting BTC, making hard cash USD, buying yo momma, kid. Welcome to ignored. Says the newb who registered on this forum just days ago? It's YOU who is on ignore. Also Cpt. Illiterate, it's "the price may have gone up after stagnation..." |
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Risto, please come back! This thread is starting to go full retard in your absence.
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BitCoin will never probably go that high as it will face competition from newer better altcoins. The total market capitalization of all cryptocoins is expected to increase exponentially but BitCoin's share will gradually decrease.
And you base this assumption on what proof? What evidence exactly? Oh wait..
(Oh and btw, Bitcoin is completely programmable, constantly being evolved, and can incorporate new features, including those of any alt coin, at any time in the future. Making said alt coin obsolete. And.. "Shhh! Be quiet! Don't tell him that, we don't want that secret to get out!"... oh ok) |
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I agree, good analysis. Some folks in the November rally incorrectly called the top in the 400's and prematurely sold. Then they had to basically wait 6 months to buy back their coins for close to what they sold them for. In the end they really gained nothing by selling.
So from that, I gather that it is far better to wait until after the bubble has popped (provided the price will rally back to a double top or something) to assess if it is a good time to sell or not. After December, folks had the chance to sell at 995, 800, 700, 650, etc., etc.
Also, I think bubbles in the future may fall less and less from the top each time. This one is currently hovering around 39% of the peak.
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But yes, if the U.S. cracked down on BTC, I could easily see prices plummeting for a while.
I'm pretty sure not just "for a while"  - Bitcoin2014 Conference I'm pretty sure he was talking about you UglyTroll (and kwukduck, and igorr, and cosmofly, and... and...)  |
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No, it's because people are afraid of the coming total price collapse in 45 days by expert Mark Thomas Williams: http://professorbitcorn.com/Best bet is to sell everything now. |
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total mess, google: "Cryptsy negative balance".
Now they are also building USD markets.
Prepare for implosion and BTC with it.
Good, then we'll be able to quickly drain them dry of their reserves: http://www.youtube.com/watch?v=RKQ3LXHKB34 |
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Right now its not going anywhere but it has made some headway in the UP direction. Its trying to get into positive territory but then again these days we don't have any major news so nothing is tight at this time at all.
No, but I need levels! Exact levels of up or down-ness! |
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If you think about it though guys - here's a stock. BRK. How many stock holders?
Now think about Bitcoin. How many possible users? Its staggering what that could mean for all time high price of Bitcoin.
Lol that's not how it works BRK could be a private company having as little as a single owner and it's valuation wouldn't change (if anything It'd be higher). Bitcoin with one user is not worth anything really. I think you completely missed BittBurger's point. In the future, the number of bitcoin users will outnumber the number of BRK stock holders by many staggering orders of magnitude. Right now we are at (maybe) ~1-2M bitcoin users, and that's worldwide. To put this in perspective, I believe the total user base for World of Warcraft is something like ~8M worldwide (and that's for 1 obscure MMORPG out of hundreds of MMORPGs that only a small populous of the world actually cares about). So we haven't even reached parity with the WoW crowd yet. Hell, Facebook alone has achieved ~1.3B active monthly users in just 10 years, and that's without its users having any monetary incentive driving them to get involved and sign up. And they aren't even in China, they're banned from it.  Notice too, that FB's biggest gains in users was the next few years just after the 1M users/month level. I believe it took them 4 years prior just to hit the 1M user mark. The bitcoin user base could eventually grow into the hundreds of millions, maybe even a few billion daily users, merchants, institutions, investors, etc. around the world. It's the exponential growth and utility of the Bitcoin network that will give BTC it's total (purchasing) power and value, and it will grow at a much faster rate than BRK did. Likely at the Facebook rate of adoption or so. So yeah, $200K/BTC valuation is easily achievable one day. I wouldn't be surprised if we saw that by 2018-2020. |
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Maybe they'll all get together and start a decentralized student BTC exchange.  |
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Expert analysis shows...big things coming soon...
NOOOO, this can't happen yet. I have about 15 more bitcoins I have to buy first. |
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Can someone tell me what the next level down is going to be? Or how about the next levels down? I really need to know!
/s
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People seem to be forgetting that Bitcoin and governments are not compatible. One of them will have to go before this is over...
Since the government created the internet itself, it is not going to be hard to figure this one out if it comes to that. Dude, I hope you are just being facetious? Saying that the government created the internet is like saying Al Gore created the internet. It it is doing a HUGE injustice to all those brilliant civilian computer scientists that were part of ARPANet back in the 60's. The U.S. government doesn't creates shit, it just funds it. Those government and military bozos couldn't even spell 'internet' at the time, much less conceive of it, create it, or even know its true long term potential. |
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So if folks are now predicting $5000 by the end of 2014, maybe they're not so crazy after all? |
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Sold $270 worth of bitcoin and bitcoin price is dropping, it's not working guys  Please keep selling more, you are like our lucky charm. It's obvious that the universe doesn't want you involved in bitcoin. |
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Of course if anyone has specific theories on why this summer in particular I'd love to know too!
Guesses and wishful thinking based on frequency of past rallies. I actually don't subscribe to this narrow thinking, as there's nothing in the "rules of bitcoin" that say that a rally must happen every six months or even every year. Hell, even though 2012 was a good year for bitcoin I wouldn't say it had anything remarkable going on... not like 2011 and 2013. Bitcoin is like Honey Badger, it does what it wants and doesn't give an f! Oh, and I have no doubt that whale speculators have insider knowledge of events coming 6 months to a year out. So if you see them pop up in this market again, you can rest assured something is on the horizon. |
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The price is surprisingly easy to predict based on the previous rallies.
However there might indeed be a blackswan event that will drive the BTC to 700 000 USD at this rally. The probability for this is perhaps 5 % or less.
I'd like to see coinbase keep up with that demand. "Due to volume, we are unable to fulfill instant buy orders. However, you may purchase now and your order will be fulfilled in six months. Thank you for your understanding." LOL. But seriously, they need to sort out their coin on-demand purchasing issues before the next rally. It's unbelievable that they were able to get away with that crap, when literally tens of thousands of coins per day were being traded on the exchanges during the peak of the last bubble. Otherwise, it'll create an opening for U.S. based competitors to come along who can solve that problem. I actually believe it was their way of trying to control the market demand, eliminate using Coinbase for day trading, and reduce market volatility, which no unbiased free market "coin broker" should really have the right to control. But they can get away with it for now, being the only game in town (in the U.S.) |
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