Russia failed already 2 times in the last 25 years. Nothing will happen. Btw their economy is the size of Holland right now  Lehman Brothers' revenue is way smaller than the GDP of Holland. The contagion effect is amplified by the modern financial derivatives. So many credit default swaps were written and sold nowadays. Even country like Greece used to cause so much trouble to the world, not to mention Russia. Holland, yea. And armed with a huge army, 5000 nuclear weapons and ruled by a psychopath. Not so much like Holland. |
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So sad.. many people in this thread are going to learn a hard lesson. Buying more coinz now is nothing short of wild gambling. Don't listen to the echo chamber and make your own decisions based on fundamentals.
ie. are new markets emerging for bitcoin? No? Then who do you expect to raise the price back to the previous ATH?
There is no more willy bot and China is out of the game. Meanwhile, supply is rising ~3,600 coins per day. Don't throw away your money.
I think a harder lesson than taking a risk and losing some cash is living with that decision when they had a chance to take a risk but chose not to out of fear or worry only to see it become wildly successful later. Many people that heard about BTC several years ago make comments all the time about how they wish they had invested earlier. So many people talk about the risk of investing in BTC. What about the risk of not investing, even a little, in the chance that it becomes mainstream? Exactly BitChick. And as far as RIISING goes, how are we to know or believe when to sell or buy? On your word? Based on?  ?? This is a speculation thread with a speculation investment. What makes you such an expert? So if you are such a fortune teller, why are you wasting your time with all us losers? You are trying to save us? -Oh, how nice... |
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I really don't see the problem here.
Yes, there are a few who own a disproportionally large amount of Bitcoin, but why does that matter? Bitcoin is divisible down to one millionth or a Satoshi, and there is further subdivision capability if needed.
If the "bitcoin rich" just hold on to it, the value of the rest of the circulated bitcoin will rise, and if they spend it then they are spreading the wealth around. It is all good.
And forced redistribution of wealth has led to history's worst atrocities. And in reality, the numbers won't make anyone rich or do anything but buy a month or two of living if all wealth were redistributed equally. Volume of exchanges and class MOBILITY is what matters, and that involves a free market, which I assumed Bitcoin represented.
Stop with the class warfare neo-marxism crap.
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isn´t btc generous ? the über bulls get a fortune sooner or later and the bear trolls get this special feeling of being real smart (arses) for the entire year of 2014 and maybe 2015 in the forum fist fights.
i rather stay on the op side.
you doom trolls enjoy it - this is your time.
the bulls suffer now but that is the price that has to be paid for getting rich later.
time will tell.
edit: spelling
I agree. The rewards of an incredible investment require the bravery we need right now to just hold on. And I firmly believe that is all we have to do. Don't bet the farm. Don't go in debt, but buy what you can lose and it may just make you rich. Adoption is continuing at a rather rapid clip. It would be a shame to cash out when such long term gains are possible. |
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You get called trolls because you can't/don't read and you you post content purely based around trying self aggrandise.
My posts are made around careful analysis of market sentiment and fundamentals. Hence, why I've been warning others here for months that price will continue to fall. What have you done? Encouraged them to buy more Internet funbucks so they could get rich quick! (and you can offload your stash on some greater fools?) Perhaps you should take your own advice and learn to read a little about these markets so you stop making horrible predictions based on bullshit wishful thinking and "to da moon" sentiment. Tell me, what is the bitcoin price going to do over the next 10-20 years?
It most likely won't be around in 10 years, or so low in value that it's essentially forgotten and only running on a handful of nodes around the world. What if I'm right - you ready? Because I sure as hell am.
You won't be. And Just like every other easy mark in here who invested in bitcoin during 2014, you'll lose your shirt and then find someone else to blame for your poorly made decisions. So, as I have explained countless times to anyone that cares to grok it, it doesn't matter who is right or wrong. It matters that you understand the potential outcomes and how you best position yourself.
Agreed. Which means, we shouldn't listen to bulltards such as yourself who make price forecasts based on what you WANT the price to be, contrary to what the fundamentals and market sentiment are clearly telling us. The only thing the OP is guilty of is perhaps being too positive, if there is such a thing. Aside from the Ad Hom attacks, you don't seem to have anything to contribute except FUD, with the assumption you know something the OP doesn't. At best you are only being just as extreme, only in the opposite direction, and thus equally unrealistic. Nobody knows what is going to happen with BTC in the next hour/day/week/month/year/decade, and if you did you wouldn't be telling. |
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Are you that Nigerian Uncle I never knew about who keeps emailing me??
THANK YOU! I have neglected to answer your emails, and want to invest whatever it takes to help you recover your millions, at my benefit as well of course..
But, unfortunately I am short of cash at the moment, so if you email me your SSN, VISA account information including expiration date, full name and three diget code on the back, I will get back to you on the details later...
I am sure you understand...
Cheers!
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I think youre lying, but you could prove it to me by sending me a few btc lol, I have about 5 and thats saving since late late 2012, a poor college student is still a poor college student, wish I could have afforded more, kudos to you all who were able to buy more than that! Just 5 may make you a wealthy man in a few years. |
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more down was obvious. Maybe total fail possible. Don't invest more than you can afford to loose, bitch. I mean: loose it all - it's possible
cut your loose before it's two late! No. HODL! |
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Somewhere in this over my head analysis is the answer to the security problem. And someone a lot smarter than I will get rich. And God bless 'em. A super-app some day will address this need. |
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STOP USING WINDOWS FFS!
stop browsing the internet or even having browsers installed on any device containing your cryptos. This is exactly what is holding back Bitcoin. I now have to have a separate computer for all bitcoin transactions. And that is unreasonable for the typical sixpack joe. The average consumer will just say "heck no, I will just use Visa". |
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While good hearted, the notion that even one million of Satoshi's bitcoin will effect much for the poor of the world is naive.
Even if each of those one million bitcoin were to be worth $1 million each, spread among the worlds three billion poor would result in only $333 per person. Once. (One million Bitcoin divided by 3 billion people equals 0.00033333 Bitcoin per poor person, as defined by those living on earth today living on less than $2.50 per day. Take that 0.00033333 Bitcoin distributed to each poor person and multiply by whatever the market price of Bitcoin)
NOT a world changing event as the development of the world economy would be if those Bitcoin were used in the free market.
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...
NATO uses tactical nukes.
Putin nukes New York.
...
...and we all become ~fabulously wealthy~
Wealthy and powerful in a post apocalyptic Thunderdome world? I don't see a downside to this.  |
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Swiss is so small.
Don't think it would make much difference.
Ummm..no? Geographically, sure. Economically? They are 37th in the world. http://en.wikipedia.org/wiki/Economy_of_SwitzerlandWhether anything regarding the OP's article has any effect whatsoever on Bitcoin, I have no idea. But to say Switzerland is "small", other than geographically, is just wrong. I really need to stop reading this board. Some days I want Bitcoin to fail so that some of the people on this forum hang themselves. I know I can be a little optimistic sometimes. Too much so. But,... at some point an event such as this like with the Swiss, will make a huge move. Maybe not, but that is the fun of the chase. At some point in the future someone will get fantastically rich because they made a choice, not unlike buying just ONE bitcoin, that will make them rich for the rest of their lives. A 'sure thing'? Certainly not! No guts no glory. |
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Swiss territory ... ? what a joke ... like luxembourg joke. Only is relevent, the China territory (and Russia, in the second choice). USA is still king. They can print the magic money and everyone accepts it due the dollar supremacy. Sad but true. The dollar is being propped up, but eventually it will have to collapse under its own weight as debts and printing to pay turns into a vicious vortex. In fact it is too late to save the dollar. We are long past saving it, and can only delay the inevitable at best. Metal backed currencies and crypto are then the only currency that will be trusted. |
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...
I would recommend to sell your bitcoins now and buy back when there is more certainty that the price will actually rise.
And how exactly do you know that point? Unless Satoshi Nakamoto is in fact a time traveler, and he will come back to advice you what that point is, then you are speculating which is gambling. And that is fine, but don't try to play like you can predict the future. We are all speculating, but not everyone will be winners. |
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I am hoping 10 is enough to hold as long term but high risk investment. Maybe a couple more to spend with. I wish my employer would pay me in it.
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well, we've seen plenty of volatility over the last 5 yrs and part of it has to do with the ongoing issuance/distribution of new coins. that will probably continue going forward but at a decreasing rate as the curve flattens out. thus, the supply is constantly changing, whereas with gold it for the most part (except for new finds) has stayed steady for hundreds of years and provided a stable supply backing for various fiat currencies.
but like i said above, perhaps if there was an official fixed exchange rate that was high enough to fill up the huge debt hole of USD that the Fed has helped build up, perhaps that would give worldwide investors confidence that the US will finally exert some discipline on what heretofore has been pretty reckless and aggressive expansion of the money supply for hegemonic purposes.
cypherdoc, I think we are mostly in agreement on the big picture and agree a lot with what you've said. Regarding an official fixed exchange rate, I think that could only happen once bitcoin's value was realized and settled down. Once that happens then nations with x amount of bitcoins can fix an exchange rate to y amount of fiat, but that's largely the only way it can happen. For example when the US fixed the gold to currency price, it also had enough stored gold to back all of the dollar claims in gold and as a result there was little reason to exchange dollars for physical gold (which you could do at any bank). However once the FED was created and they started to print more and more dollars, entities which could exchange dollars for gold did so in very significant amounts. In the 60s US citizens could not exchange dollars for gold, but foreign nations could, and they started to withdraw significant amounts of gold because it was well known that there was not enough gold to back all the new dollar at the "official" exchange rate. Nixon only closed the gold window because otherwise within less than 10 years the US would have zero gold left and would have gone bust. That is the problem with fixed official exchange rates, they only work if the fixer sets and honest exchange rate to match the ratio of both assets. The FED could fix an exchange rate, but they then could not print new dollars because doing so would throw off the ratio and start an exit from dollars as more and more people exchange out until the FED ran out of bitcoins. This is exactly what happens every time Argentina or a similar country fixes a dollar exchange rate and then has a currency crisis. I don't know, and I could be wrong, but I really think we are ahead of, and maybe even surfing a Tsunami. https://goldswitzerland.com/swiss-gold-initiative-2014/http://www.zerohedge.com/news/2014-10-28/things-make-you-go-hmmm-swiss-gold-status-quo-showdownNovember 30, 2014 is the date. Check back and be prepared, because this could set it off... |
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