I think the bitcoin price has already been affected by the halving. The price rose more than 100% in the last year.
You are wrong. Sure some speculators might have bought some coins and thus front ran the halving rise. However, now the reality hits when indeed there will be less coins for sale. It might take some time since Chinese miners may not have sold yet all their coins they were mining before the halving but eventually those coins will be sold and then less coins will be for the markets. Also lower inflation will encourage people who are gold bugs, buying into bitcoin now. I keep reminding you guys, the price is very low and bitcoin is extremely undervalued. My prediction of 60 000 usd/btc before next halving is still in force, and it is a conservative if even one major banker will buy in before it. Bankers will need to hurry and I think we should see some banks buying into Bitcoin before 2020. |
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trolls are part of the club now, I bet they all own XMR they can't bother to trash it 24/7 anymore
and all I can say is.... welcome
I agree. Trolls are attracted by good coins. Both bull and bear trolls, they also bring publicity and entertainment.  |
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Back in the day MoneroMan was one of the best trolls you'd ever find in any forum. He was way ahead of his brethren and times. Practically invented reverse-shilling trollery but then again the way Monero truthism was out in force at that time, we all knew the forum would be fired up and manifest into something along the lines of a good perma troll.
I hope this guy is still lurking around somewhere. He caused a lot of anger. |
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Primer- is maybe not the calibre of enemy one would like, but he is pretty deeply trollish. Illodin is a somewhat higher grade of troll, but less deeply so.
Maybe we should use the forum funding system to incentivize more aggressive, higher quality trolling?
Nah, unnecessary: Just send iCEBREAKER into the da(e)sh threads, and we'll have more retribution trolls than we could ever use.
Primer indeed is a troll who is also turning into more bullish recently. Apparently he has got some coins now. |
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Monero lacks completely the bullish and bearish trolls that are trolling in hard core manner. Hey man, I'm doing all I can to stir the pot and goad the haters into using shorts to keep the price low for us buyers. The closest we have to a respectable troll is Shelby, who isn't nearly as qualified as Prof Stolfi (the boss of the Buttcoiners). We do have some remarkable bulls, in the form of Risto and Pegasus. For now, that's fine. Drama will intensify in proportion to market cap, Soon. TMRisto has not shown any interest on Monero for a while.... (Am I qualified enough to be a troll)  You and Pegasus indeed are super bullish, especially Pegasus who is almost lunatic in his bullishness. Actually drama will bring people here and make Monero also interesting (like Risto's drama on bitcoin feasts with planning to organize rapid deployment troops and pink limousine stuff). |
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In the long term, the bitcoin price will rise due to mass adoption. In 14 years, the bitcoin price could be $200,000.
I think you are pretty conservative here. Despite the adaption rate will decline when the majority of the masses have adopted bitcoin as their currency, the inflation is also getting lower. Therefore I think 10 000 % increase after each blockhalving is actually quite realistic. That means, the current blockhalving should result price of around 60 000 usd/btc sometime in the coming years. The block halving of 2020 will make the price to millions of dollars per bitcoin so 2030 holding even 0.1 btc should be able to make you a millionaire not to mention of holding 10 btc. The advantage of owning more bitcoins is sooner millionaire status. |
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Bitcoin could have around 1 to 5 million users in 2020. But that depends on the infrasture of the bitcoin being built.
I think bitcoin has currently around that number and personally I am expecting it to rise due to the rising price which attracts more people who will in turn cause more price rise. It is like a loop and will continue as long as it is let continued. Usually someone just organize some kind of temporal crisis that will make people panic selling their coins and the price drops (like Gox). Bitcoin is currently on 3 million total of users. (Check it here: https://www.reddit.com/r/Bitcoin/comments/2vuvxs/estimated_number_of_bitcoin_users/)According to amnesiac-eightyfourBitcoin owners: probably 2-3 million Bitcoin users (actively spending, trading, following news): 200k-500k The (pseudonymous) character of Bitcoin doesn't allow us to make exact figures, so all figures in this thread, including mine, are just guesses or assumptions. I think in the end it's not so important how many people use Bitcoin. More important is if the infrastructure is getting stronger and if the network activity is growing. I think all indicators show that's true. Your estimation might be true. However, I think Bitcoin will more likely increase in adaption rather than stay stagnant or decline. Increased adaption with only 4 % inflation rate with extreme scarcity of number of coins must drive the price up. I think the only thing which could stop the adaption and crash the price all the way to 0 is some technical issue which will not be solved. Bitcoin has billions of potential users, and that base increases every day along with population growth. That is the equation why I think bitcoin is still in early adaption phase and everybody reading this can be a pioneer by buying as many bitcoins as you can afford. Try to increase your share of the pie before the masses will find bitcoin out and buy in. That will be madness and even holding 1 bitcoin make you extremely wealthy (getting 0.1 btc will be very hard). |
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The bitcoin price will not fall much below $600. It will trade between $600 to $700 for the next few weeks.
I agree that there is so much visible and hidden demand around 600 usd that it cannot drop below it easily, or if it does it will take some more time to buid the uptrend again. Most likely it will go up from here. Bear in mind, with the current price and the new emission there will be 446 760 000 usd/year less bitcoins mined than last year. Now that money is chasing after this scarce resource. The bottom line: The price has to rise or go to 0. |
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electricity..not so much an old computer...few bucks monero reward.....priceless And it comes with free entertainment on a forum too  I mine about 0.1 XMR/ day and it feels the same as in 2010 mining 0.1 bitcoin/day just with my PC. In any mining effort of any altcoin, it is important to think of the future price, not the quick rewards. Many look at the price, but overlook the technology. I agree. Monero works fine at 0.01 usd/xmr and 1000000000000 usd/xmr. I am perhaps too focused on the price and that's the very reason I am writing on the speculation thread only. Speaking about the price, it still is down from 24 hrs ago. Where is the army of trolls... If you go bitcoin side speculation sub forum you see in the red days RIP BTC-posts and in the green days posts tell how scarce bitcoin is and it is about to be bought by Federal Reserve tomorrow. Monero lacks completely the bullish and bearish trolls that are trolling in hard core manner. |
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Wow, I cannot believe it. Now it looks the price has started the usual thing, declining. If I bought when I was told here I would be losing now. The value of my current Monero declines but it doesn't matter me. Now it is down 2.47 % and the today's chart look hopeless. EDIT: Already -3.12%  EDIT: -3.76% - I wonder where the bearish troll is Mr. Kavasaki.... Mimimi stop your nonsense talk you said you donīt buy before the price does not go back to 100k. Nonsense in spamming the thread like you do all day all the time. You are not speculating only thing we hear is you crying over and over Man, we are going down now. I hope we do not reach my buy zone though. Luckily we are long from it. I kinda felt similarly than someone earlier - consolidation to 0.0025 is the spot we are heading towards. Of course whales can surprise us and buy it all the way up to 0.004.... |
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Bitcoin could have around 1 to 5 million users in 2020. But that depends on the infrasture of the bitcoin being built.
I am not sure where this figures are coming from, since there hardly seems to be figures available about the amount of users. Key is adoption. If that grows, the price grows. i agree with you but maximum people are aware about bitcoin day by day that what is bitcoin and whats the benefits of bitcoin and maximum people want to invest their money in bitcoin than i hope so bitcoin growing its price faster . For the most people it takes time to study bitcoin, so expect from publicity to 12 months to see adaption. Therefore last cycle was in part. First from 13-265 usd which made headlines to newspapers. Then summer 2013 was consolidation and people who read the headlines started studying bitcoin and once they were ready to buy in, the price rose from 70 usd to 1200 usd. |
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Never sell, just buy and hodl and see how the supple vs. demand will work hard for you.  i'm using the "generate and use, instead of buying and hodl" but i'm using my coin only to generate more than what i have, it working good so far this is the time for accumulation because when bitcoin will reach mainstream status, it will be very hard to get even 0.1 I was lucky enough today to get 0.80 btc for 675 usd range in addition to my stack. I am not generating more coins (except lending in Poloniex a few bitcoins on interest). By trading, as someone mentioned earlier, the chances of loss are real. Selling causes only tax consequences, so better not to sell but waite until bitcoin is mainstream and the legislators and regulators will understand bitcoin and make more reasonable tax laws, for instance, you need to pay capital gain tax if you spend bitcoins in my country (which is crazy and causes a lot of headache if I used bitcoins in everyday live). I agree with the fact that not 22 million person on planet earth can own 1 btc simultaneously since the coins are very limited in issuance. |
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Wow, I cannot believe it. Now it looks the price has started the usual thing, declining. If I bought when I was told here I would be losing now. The value of my current Monero declines but it doesn't matter me. Now it is down 2.47 % and the today's chart look hopeless. EDIT: Already -3.12% EDIT: -3.76% - I wonder where the bearish troll is Mr. Kavasaki.... |
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Definetely it will go to the moon next. Sure there are some rocks that need to broken on the way there but once the bankers start competing after bitcoins there is no limit how high this can rise. |
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Bitcoin could have around 1 to 5 million users in 2020. But that depends on the infrasture of the bitcoin being built.
I think bitcoin has currently around that number and personally I am expecting it to rise due to the rising price which attracts more people who will in turn cause more price rise. It is like a loop and will continue as long as it is let continued. Usually someone just organize some kind of temporal crisis that will make people panic selling their coins and the price drops (like Gox). |
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If they buy at this price and put in millions then the price increase would help them . If they do not do it and go under it will create panic and we might see more people rushing to buy btc so it will also increase btc value.
Very good observation! I think many will sell on the way to 10 k so if they start defending 100 k the bankers will be able to acquire a huge number of coins that are worth 100 k each which helps their balance sheet. Let's say they are able to get 1000 000 btc on the way to 100 000k. Their average cost per coin is 20 000 k which means they have spent 20 000 000 000 usd to get a stack that is worth 100 000 000 000. That's the message I advice to people to preach to the bankers that are on the edge of insolvency. |
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When the GUI + Multisig + RingCT trifecta hits, the world will never be the same. 100% fungible e-cash will usher an era of egalitarian financial sovereignty, as Monero democratizes access to goods/services/privileges previously reserved for 0.01%-er plutocrats.
Ooh. My ears perked up. This paragraph sings. This good news should be preached all around youtube and blogs by a large population, make web pages that are targeted towards the potential buyers... Just massive marketing and pumping will create massive results. Minimal hype and pumping will create death via inflation. Unless it's a blimp and/or Superbowl ad, I'm against try-hard, pushy marketing. Let shitcoins like Dash waste their money hiring craptastic PR firms, link-farming SEO ratfucks, and forum spammers. We will do better. Monero style is to work smarter, not harder.
We do that in our marketing by carefully approaching as individuals thought leaders in areas tangential to our own, and then, powered by the better-mousetrap effect, letting word of mouth do its job until we find our 100th monkey. Aminorex and Risto have spoken to investment clubs, but perhaps not recently enough to have shared the latest good news and vision of my singing paragraph. Let's see... James Dines is a goldbug legend who told his readers to buy Bitcoin at (IIRC) about $10, perhaps less. He's smart enough to easily grok the ethos here. Jacob Rees-Mogg is currently a busy MP, but through his father has deep ties to the financial sovereignty communities. Selling these guys on Monero should be like selling water to men dying of thirst. But tact is key, as they have robust scam detection heuristics and we don't want to create false positives for red flags. I'd like to get Jim Willie on board, but many years ago he declined my offer of free Bitcoins to play with and might be a little bitter about that (due to Not Invented Here syndrome)! Which other Bitcoin-friendly goldbugs should be on our list of prospective Mustangs? All of them! I see the Silver Doctors cover Bitcoin events....  Kitco has been all over Bitcoin since the big rally. Perhaps they should have an entire crypto.kitco.com subdomain devoted to this emerging sector? I'd be shocked if the Winkii don't know about Monero, and the fact they've yet to mention it makes me suspect they're in stealth accumulation mode. If they start an XMR ETF, the ticker "PONY" is available (just saying). There is no Darkflarb marketing at all. On the other hand, Darkcoin is pushing from everywhere. That's the reason the marketcap is twice higher and has been staying that range for a while now. Personally I would be surprised if Winklevosses were buying Monero. So far there has not been any announcement on that. Definetely if they buy and announce it, it will give a nice boost for the Monero marketcap. But again, I do not believe unless I see. |
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Today I read on local business news paper about Italian banking sector. It is about to crash thanks to overdue and non-currant loans that have not yet been written down from the balance sheets. It said that 20 % of the loans are defaulted but not written down from one certain bank.
Now bitcoin is very cheap, the inflation is low. If one bank decides to start acquiring all the bitcoins it can get under 100 000 usd, it probably will get a nice chunk of coins for under 100 000 usd and then defending that rate. That can help their balance sheet enormously and save from the coming inevitable crisis.
Please share and make this message known to the bankers. Bitcoin is the financial Savior of the world.
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Advice, tips, speculation please.
2 btc to Monero, the rest hodl. |
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When the GUI + Multisig + RingCT trifecta hits, the world will never be the same. 100% fungible e-cash will usher an era of egalitarian financial sovereignty, as Monero democratizes access to goods/services/privileges previously reserved for 0.01%-er plutocrats.
Ooh. My ears perked up. This paragraph sings. This good news should be preached all around youtube and blogs by a large population, make web pages that are targeted towards the potential buyers... Just massive marketing and pumping will create massive results. Minimal hype and pumping will create death via inflation. |
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