|
There are always FUDsters about but I can't help feeling bullish long term. Yes it may go down and this is very realistic and understandable with the amount of coins going on to the market each day but with the price staying fairly stable it shows btc here to stay.
Keep on buying.
|
|
|
|
@rjclarke the OP - This should help you mate, I asked a pretty clued up guy a question I think you'd want the answer to, no bull shit techie wizadry, just a simple answer investors like us need (The first part of the pic below - ignore the complicated stuff at the bottom) -  It seems if you have coins in cold storage you will be able to import them into either bitcoin client, core or XT. Nothing to worry about it seems mate, let whatever happens happen. Ok, so cold storage it is and I guess just wait and see what happens. I hope we all come out ok on the otherside. Thanks LFC_ I will ask though to anyone who knows.... Why do some say Gavin's idea may destroy Bitcoin? What will people who hold thousands or btc do? Dump? |
|
|
|
|
Yes we have.
I have seen a lot of your posts and I have thought the same thing. We seems to have the same plan.
I know how you are feeling at the moment.
|
|
|
|
|
Thanks for all the replies everyone.
I still am a little confused and worried. I was going to buy another fairly large amount of btc but I must be honest I don't know what to do now.
I am the same as some of the others here and just buy and hold. (Whether this is good or not, it's what I do) btc is one of my investments as are precious metals. Btc has always seemed more interesting and appealing since getting involved in about sept/ oct 2013.
I'd be pissed off losing coins or suddenly holding a load of junk. I am still a bit confused about Gavin's proposal and as to when he wants it done. I understand it needs to be done as it can't carry on the way it is but it's hard to get into my head as I am not a techie guy and not a miner etc. I buy and hold and enjoy reading stuff in here.
I hold other alt coins but I would not feel comfortable transferring my btc hoard to an alt coin!
There is a lot of confusion here. Will btc still exist? Will it be something different? Sorry for the questions but it really does need to be explained in laymans terms.
I am sure there are many of us in here like me who want to know but I am happy to be the stupid one holding his hand up saying I don't get it.
Anyway, enough talking from me.
|
|
|
|
My understanding of Gavin's motive is that the hard fork is purely ego driven. There's no urgency to change block size. He just wants to be dramatic and make his personal mark on it. But controversy, technical-wise, is that some Bitcoin users may have their coins lose compatibility with the new implementation. In a sense, it may be Gavin and Hearn's attempt to hijack the Bitcoin name and implement their own coin or make changes to the protocol.
Everything you said is inaccurate. The reason there is a debate is because there are a lot of people on both sides of the blocksize increase, Gavin is not even close to being alone on wanting to increase the limit. He does not want to be the one to make the call on what happens. If you haven't watched a recent Q&A with Gavin and Mike you should, they specifically discuss the blocksize issue at the 27 minute mark https://youtu.be/RIafZXRDH7w?t=27m50sAlso no one is going to lose any coins unless you are a miner receive block rewards and you start mining on the "wrong/old" fork. good answer. how many people have bitcoins? maybe some 1 million? how many watch these videos and understand the debate? only a few hundred i guess. and that is the reason for the FUD  I am yet to watch it but I am pretty confident I'd be one of the ones who won't understand! |
|
|
|
He should make a statement about his plans here clearly explaining everything and giving a specific time frame. That would help quell all the confusion and misinterpretations.
It won't make the slightest bit of difference. In what respect? People still spreading FUD or people not listening? Please explain. Thanks |
|
|
|
|
What's worse case scenario here then?
I basically have chump change in coins compared to some and I'd be pissed off if I lost them for whatever reason after their big change. What would people like the winklevii and other whales?
|
|
|
|
|
Hi guys,
My skills go as far as downloading a wallet and moving coins about.
With this in mind.....
Can someone explain what Gavin is planning to do and how definite it all is?
Side chains etc? Double coins? Wtf?
Thanks in advance.
|
|
|
|
In my words. (Possible dollar collapse not taken into account). - Summer 2015 up to ~$700
- Autumn/Winter 2015 down to ~$400
- Througout 2016 stable as fuck at around ~$400
- Winter/Spring 2017 next rise to ~$2700
- Summer 2017~ $2000
Time and price can deviate from here  (worldwide adoption/use cases found) - Summer 2018 ~ $14000
- Autumn 2018 ~ $4000
- Summer 2020 ~$67000
- 2021 to 2024 ~ $20000
For all we know the next bubble could just go right to $40k or something and not come back down due to manipulation who knows for sure. If some big guys get involved and they need the price higher and stable for reasons beyond just playing dice games and buying pizzas it could happen. Thanks for this. That means 2018 I don't have to be an electrician anymore. (Apart from wiring my project houses I would have bought) In the future I would like to buy a house with btc. Possible? Your thoughts.... the futrue is now buddy https://www.bitpremier.com/5-real-estate/1501-5-bedroom-luxury-london-gatwick-ukGreat! Just a little bit more saving up to do and it's mine. |
|
|
|
In my words. (Possible dollar collapse not taken into account). - Summer 2015 up to ~$700
- Autumn/Winter 2015 down to ~$400
- Througout 2016 stable as fuck at around ~$400
- Winter/Spring 2017 next rise to ~$2700
- Summer 2017~ $2000
Time and price can deviate from here (worldwide adoption/use cases found) - Summer 2018 ~ $14000
- Autumn 2018 ~ $4000
- Summer 2020 ~$67000
- 2021 to 2024 ~ $20000
For all we know the next bubble could just go right to $40k or something and not come back down due to manipulation who knows for sure. If some big guys get involved and they need the price higher and stable for reasons beyond just playing dice games and buying pizzas it could happen. Thanks for this. That means 2018 I don't have to be an electrician anymore. (Apart from wiring my project houses I would have bought) In the future I would like to buy a house with btc. Possible? Your thoughts.... |
|
|
|
|
I have spoken to family and close friends about it and you'll all know what I mean when I say they all gave me that "I don't care" blank kind of expression as if they have no interest what so ever and are wanting to change the subject and talk about some crap they understand.
Basically ALL seemed extremely narrow minded.
A few have made fun of it and in the end I thought to myself I can't be bothered to talk to them about it anymore.
I've only had one friend come up to me recently who's been lurking on here on this forum for a while asking me a few questions.
I was surprised he'd been researching it but he just wants to buy and hold 1 "just in case" it goes up exponentially.
So.... I've told maybe 20 people and only 1 is partially interested only because he is scared of missing the boat.
Damn sheeple and their mainstream media.
|
|
|
|
|
Are we still going? All ok?
|
|
|
|
|
Well I definitely prefer the "RALLY!!!!!!" Thread.
Everyone here is too realistic. We can all dream here guys come on. Don't piss on my fire.
|
|
|
|
|
Is pecunia creating new accounts to answer/back up his/her previous posts?
Something fishy is going on.
Anyway, good thread elux. This is the feel good thread where we can but wait and see. I feel with the infrastructure being built we will see something great in the coming years.
|
|
|
|
|
This is a good thing to hear. I hope he is right and that we can get past each obstacle between now and then.
|
|
|
|
5 USD dump over night then, is anybody starting to lose a little bit of hope? I'm going to hodl until the end but I'm starting to feel a bit deflated about the future of bitcoin so much so that I'm wondering if it was an awful investment to begin with. We've gone nowhere except down for so long now  A little bit but I've still got hope. I am waiting a little before buying more though. I am keeping a close eye on it. I think this is just a minor bump in the road. |
|
|
|
Like Bitcoins rhodium exhibits three properties: It is very rare, (much) rarer than Gold It is somewhat of a fringe investment It is subject to hypes And most importantly it is one of the few actual assets which exhibit wild price swings.   I find it very interesting how chaotic those are, so if you think to know what bitcoin will do next over any longer period of time: Think again  The big spikes seem to be just before or during the recessions. Early 90's and 2007/8 ish. I guess this is the reason for the spike as people rushed for a save haven. Will people rush to Bitcoin during the next one in 1,5,10 years or whenever? Who knows. |
|
|
|
I smell a dumpz cuming.
i smell that too, and it smells so freaking nice. i am waiting at the bottom with my arms wide open to hug the dumpz  to me it just like the usual p&D in the same boring range, 220-250, it's like all shorters's bot are in loop in that range we will stay there until they decide to move on a different range, you will see it when will happen I have to admit I thought there would be something happening with the Nasdaq news |
|
|
|
Isn't it possible that satoshi stopped posting suddenly because he died ?
Or was thrown in a dungeon by the banksters. or maybe he forgot his login! |
|
|
|
|
Show Posts
