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1  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: March 16, 2021, 08:59:38 PM
Anyone remember that picture/meme of a crowd of friedcat fans holding up adoring signs and stuff? Can't find it. Good piece of history. Anyone have it? Thanks!
2  Economy / Speculation / Re: What happens when bitcoin's market cap hits $1B? on: February 19, 2021, 03:52:03 PM
Just hit $1 trillion. Turns out the deep pockets got very interested at around $300B.

What a crazy 8 years.
3  Economy / Speculation / Re: Bitcoin now looks like a mature technology on: July 02, 2020, 11:08:54 PM

I miss Nagle, almost as much as I miss ElectricMucus. The trolls of today have nothing on them. ...



Ah, I remember ElectricMucus.

I haven't been very active here in the past couple years....how's kwukduck doing? Ardent bear since 2011, IIRC.
4  Economy / Speculation / Re: Bitcoin now looks like a mature technology on: July 01, 2020, 06:48:27 PM
Bitcoin now looks like a mature technology. The software has settled down, there's been a modest level of merchant adoption, the transaction rate hasn't increased all that much over the last six months, and the legal status has become clear. The mining side is running into power consumption cost as a limit. Bitcoin isn't a new thing any more.

With Bitcoin out of its startup phase, what happens now?  It's starting to look like a niche product, positioned somewhat like gift cards. There are a number of pseudo-currencies like that - airline frequent flyer miles, all those "reward point" schemes, and the big array of prepaid cards available at retail outlets. They're just little convenience things; they have no significant impact on the financial system. It looks like that's where Bitcoin is settling.


John, you've been consistently wrong analyzing bitcoin's ecosystem and long-term prospects for years. Aggressively wrong, in fact:


We should revisit this post a couple of years from now.  Grin


Is now good?


Or maybe now. Another +1000%. Where'd Nagle go?
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Litecoin - a lite version of Bitcoin. Launched! on: January 09, 2020, 08:41:58 PM

...

ASIC resistance has always been a bit of a joke. I remember chuckling over the hype back in 2014 or 2015.  Cheesy


Yup. This has been obvious since the beginning.
6  Other / Meta / Re: [BCT FACT] Bitcointalk was originally on Bitcoin.org but ... drama on: November 22, 2019, 04:53:16 PM
I registered here a couple weeks after that conversation. Vaguely remember checking out the forums a month or two prior on the old domain.

Good times. I miss the early(er) days.
7  Economy / Economics / Re: Awesome. I was SOOOO RIGHT! on: September 21, 2018, 12:37:22 AM
LOL @ bitcoin is not a speculation vehicle.

95%+ of bitcoins are held by speculators.  You guys should go buy gold with the rest of your money so that you can lose another 90% of your value over the next three years.

How does it feel getting slowly wiped out guys?  Good?  I wouldn't know.



Bump.
8  Economy / Collectibles / Re: WTB 0.1BTC Silver Casascius (ungraded preferably--will consider others) on: October 06, 2017, 07:48:36 PM
Fulfilled!

Thanks.


At what price, if you don't mind disclosing?
9  Alternate cryptocurrencies / Altcoin Discussion / Re: Blowing the lid off the CryptoNote/Bytecoin scam (with the exception of Monero) on: August 16, 2017, 09:40:40 PM
^^
Thanks guys, appreciate the info.
10  Alternate cryptocurrencies / Altcoin Discussion / Re: Blowing the lid off the CryptoNote/Bytecoin scam (with the exception of Monero) on: August 16, 2017, 02:24:57 AM
Has anyone estimated the amount of work required to fake the chain?
11  Bitcoin / Bitcoin Discussion / Re: These are worth [edit, again] $100,000+ now. on: August 14, 2017, 07:49:51 PM
$100,000 now. So that's 100x from the first post in this thread.

Congrats to all the hodlers out there.
12  Economy / Speculation / Re: These are the good times. on: August 08, 2017, 03:22:20 AM
Ok, things are still going pretty well.
13  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: August 08, 2017, 03:18:45 AM
Are you currently putting all your money into bitcoin?  If you say this, you show you believe it by your actions.  I am putting all my money into bitcoin - I see a possibility of $50-$100+ per coin this year.  Just think, once the "bankers" and hedge funds find out about this, we are going to the moon.  Once my bitcoins are $1,000+ I will be able to pay off my growing college loans and maybe get an apartment, and my first car Smiley

What a dream? see this guy was talking just like a year ago and now see his dream turned to reality. Smiley
even faster than 1 year. I bought bitcoin when dump before fork last month about $ 2500 and I still hold it if I sell it now I can earn about $800- $1000 for 1 month. this is my lucky moment I plan to sell it this week if bitcoin does not show a price increase.


Yeah, right...  Roll Eyes Roll Eyes  Come to this thread and talk about selling and getting some kind of mediocre short-term profits,  Roll Eyes Roll Eyes when I believe part of the lesson of this thread, should be, to hodl and accumulate BTC rather than thinking about cashing out for some mediocre amount of fiat profits.. ...

Accordingly, if you hodl and accumulate BTC, then it becomes much more likely that you can become part of "the new wealthy elite, gentlemen", and don't you want that?Huh   What is a better investment?  Where you going to put it, if not BTC?


$10k-$40k is probably the target, and will probably be stable for a while. That's a marketcap of about $200B - $750B, roughly akin to the world's biggest companies.

But I think >$10k is unlikely until after 2020. That said, back in 2011/12, I thought $1000 was many years away, so what do I know.
14  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: February 23, 2017, 06:46:02 PM
Ok, I'll jinx it. Bump.
15  Bitcoin / Bitcoin Discussion / Re: These are worth [edit, again]$25,000+ now. on: January 07, 2017, 05:45:41 AM
Just to illustrate my point regarding #1 above:

https://www.rt.com/business/372873-bitcoin-rise-2017-predictions/

*Still* being used as default cover-photo for bitcoin pieces...
16  Economy / Speculation / Re: This pump is not sustainable. on: January 04, 2017, 10:34:35 PM
After cracking a longstanding all time high, bitcoin has never done *less* than a 4500% run *from* the prior all time high. In this case, that'd be ~$5200.

Of course parabolic spikes are not sustainable. But their magnitude in bitcoin has been mind-blowing every time so far. Just look at a 6 year chart.

If that happens we are all getting rich. But how long do you suppose that could take?

** Note: typo my quote above: 4500% should be 450%. Price target is right, though. **


Well, in 2011 it took about 8 weeks to ramp from around $1 to $32.
In Spring 2013, it took about 6 weeks to get to $266 after cracking the prior ATH of $32.
In Winter 2013, it took about 4 weeks to get to ~$1200 after cracking the prior ATH of $266.

So it happens fast. Most assets are escalator up, elevator down. Bitcoin is the opposite.
17  Economy / Speculation / Re: This pump is not sustainable. on: January 04, 2017, 06:18:41 PM
After cracking a longstanding all time high, bitcoin has never done *less* than a 4500% run *from* the prior all time high. In this case, that'd be ~$5200.

Of course parabolic spikes are not sustainable. But their magnitude in bitcoin has been mind-blowing every time so far. Just look at a 6 year chart.
18  Economy / Speculation / Re: btc price vs # of kwukduck posts on: January 04, 2017, 03:21:11 AM
lol...

Incredible that kwuk still has the stamina to post here after all these years. Being a 2010 bitcoiner, and having sold out orders of magnitude ago, must be a terrible feeling.
19  Economy / Speculation / Re: Bitcoin now looks like a mature technology on: January 03, 2017, 08:27:41 PM
Bitcoin now looks like a mature technology. The software has settled down, there's been a modest level of merchant adoption, the transaction rate hasn't increased all that much over the last six months, and the legal status has become clear. The mining side is running into power consumption cost as a limit. Bitcoin isn't a new thing any more.

With Bitcoin out of its startup phase, what happens now?  It's starting to look like a niche product, positioned somewhat like gift cards. There are a number of pseudo-currencies like that - airline frequent flyer miles, all those "reward point" schemes, and the big array of prepaid cards available at retail outlets. They're just little convenience things; they have no significant impact on the financial system. It looks like that's where Bitcoin is settling.


John, you've been consistently wrong analyzing bitcoin's ecosystem and long-term prospects for years. Aggressively wrong, in fact:


We should revisit this post a couple of years from now.  Grin


Is now good?
20  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: January 02, 2017, 10:02:38 PM
OP is long gone now... I wonder what was his actual nickname. For some reason his account was deleted. I remember hearing the story about it a long time ago and it was interesting... pretty much an story of going from rach to riches then disappearing.  I think he did the right thing, considering that back in the day the community was very small and it would have been easier to track his money. If he was a very early adoptor he must have tons of money by now, a millionaire for sure. I dont have that problem since im poor, but if I was rich I would have done the same.

You can still see his real name in the quotes on the first page:

https://bitcointalk.org/index.php?topic=12156.msg169765#msg169765

It was Atlas, he was quite a character... those were the days ;-)


Yup. I miss 2011/12, despite all the scams and crazy looks I'd get from respectable people when I mentioned bitcoin to them. Smiley
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