Let's say this whole ETF thing gets approved... and the big guns gets entry into Bitcoin. I speculate that most of you will be selling your bitcoin before the price reach $2000 per Bitcoin. The majority of bitcoin owners will sell out to Wall street giants, when the price reach these levels. I think greed will win out over principle....  I hope the true Bitcoiners will hold out until we see prices near $10 000 per Bitcoin in the future. Do not sell ALL your bitcoins, when the price hits $2000 ..... hoard some for the future, when the price will be $10 000 and more.  I will sell some, just to reward myself for being this patient.... but there will always be some bitcoins in cold storage for the future.  Let's hope for the best. One of the reasons why 21 BTC holders (and above 21) will be rich in the future, it's precisely because the fact that most people will sell along the way. It will be increasingly less common than people holding 21 BTC+ will not have sold at such succulent prices. It will not be clear until a decade or two, when 21 BTC people are rich and don't need to work a day in their life again, that selling was always a mistake. |
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If the ETF gets approved it should bring some upward predictability to the price, however, if rejected along with BUChina hardfork gaining traction, I expect a much bigger drop. People are underestimating the damage BU China can do to Bitcoin.
Consider this: the BUChina community was not happy Bitcoin's value has rocketed up in recent months, they wanted the price to drop so they can point to it and say we need bigger blocks.
FYI: I have my stash and I hate Fudsters, check my post history. I am legitimately worried about China taking over Bitcoin and YOU should be too.
I think it is obvious now that Jihan Wu may be getting paid to do this, I doubt he is stupid enought to want to ruin bitcoin when is deeply invested in mining. Or maybe he is legitimatelly stupid enough to think that he can get away with the BUcoin attempt thinking everyone will go on his side as he becomes even more powerful thanks to flawed BUcoin code that would make miners even more powerful than they are already, which would be the final nail in the coffin for the project. But they can't win. I know bitcoin, it's strong, it will generate auto immune defenses and kick this Jihan out if he doesn't cooperate. |
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aww.
there there my friend. did you sell your coins too soon? you have my sympathy...
next time make better decision about your selling price choices.
I would normally call out FUDsters, but this time it's something to seriously consider. The ETF rejection is not that bad, it's pretty predictable it will most likely not get passed, BUT, if Jihan Wu decides to fuck shit up, we will see a chain reaction of panic selling. Stupid motherfucker is too dumb to see how he can cause another ETH/ETC armageddon in bitcoin. don't be naive. and stop comparing bitcoin with that ether shitcoin. that was a big mistake and the developer forked the coin without anybody accepting the for so it was left with side chain! the recent thing about Jihan Wu is mostly drama because 2 of their blocks were signalling support for BU and it is not the end of the world. and these are not the first blocks signalling BU and this will not cause a fork. Yep but Jihan is clearly threatening by doing that. I don't know if he is bluffing or not, but im getting tired of this shit. Roger Ver with his stupid propaganda promoting BU is also annoying. It may reach a point where a fork is unavoidable, and then we will see some serious shit. |
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It was already requested by users to block Hal Finneys account. Let's not forget that this forum suffered from a massive hack and the passwords got bought in the dark web I think.
So both scenarios are possible:
1) His family
2) A hacker
We don't know. So block it, until its family contacts Theymos to confirm it.
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aww.
there there my friend. did you sell your coins too soon? you have my sympathy...
next time make better decision about your selling price choices.
I would normally call out FUDsters, but this time it's something to seriously consider. The ETF rejection is not that bad, it's pretty predictable it will most likely not get passed, BUT, if Jihan Wu decides to fuck shit up, we will see a chain reaction of panic selling. Stupid motherfucker is too dumb to see how he can cause another ETH/ETC armageddon in bitcoin. |
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Nice to see its gonna test some new floors, but if I would be buying today, I sure would not be able to sleep well - Considering it may drop 20% of its value in a blink.
If the ETF doesn't get approved, I could easily see the price drop 20% or more. I'm glad there is demand and that people are buying above $1200. I'm waiting because I think there could be a good buy opportunity coming and it could be below $1000. Just remember it was just a couple of months ago that the price was well below $1000. Anything working under $1000 will get quickly bought by the doubters that want to get in the bitcoin game but are too worried about the price going up again, so that will make the price go up quickly, it will be a flash crash, bullish consensus is very strong, too strong to let it go below $1000 for any relevant amount of time. |
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I have read interesting articles few months ago where important economists predicted that the maximum sustainable price achievable for the bitcoin would be $1300, and above this mark would be mere speculation, and it seems we are arriving to that limit.
What do important economists know about the ins and outs of Bitcoin? Can they get inside the minds of the people demanding it? It's still a brand new arena. No one knows where it's going to end up. Other important economists predicted $10 two years ago. We have seen a lot of so called economist "experts" predicting massive bitcoin crashes. Case in point:  I predict that Bitcoin will trade for under $10 a share by the first half of 2014, single digit pricing reflecting its option value as a pure commodity play. Miners/speculators will be best served to acknowledge the meltdown has begun, act quickly and take fleeting profit off the table.
(Williams, a former commodities trading floor senior executive and Federal Reserve bank examiner, teaches finance at Boston University School of Management.) Classic CEO/FED bankster that should have keep his dumb mouth quiet, but predicted a low price of BTC that never came. Anyone that listened to him is now suicidal if they sold their Bitcoin. |
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The problem is, most noobs use web wallets because they are too lazy to download Core, or any of the wallets that will give you proper options like -zapwallettxes, RPF or whatever. The "asking for miners" resort is pretty lame and not very user friendly... it's a problem. Web wallets should be forced to give more options in case this happens.
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We are currently in a moment that will be written in historical books and many people already collect data on that. The fiat is in many countries something you can't find as you should. ( take example of many European countries that the maximum paper you can find is the 50 euro - very hard to see anymore the 100 or the 200 and the 500 we know they stopped from the market ).
Many banks now promote the application they made to send money to each other from the application using the email of the recipient or the telephone number. What i want say with this is that they already preparing the ground for electronic transactions. I do believe in the use of fiat money up to some levels, this is a very big conversation of course.. not without control because this can lead to other problems, but for example the 85 years old grandfather NEED use fiat and general the generation after 50 years old minimum as many of them never learned how to use electronic systems for payments. The Bitcoin is the future that we already live and as the time passes will be more and more part of our everyday life, the clever house, the clever office and general all the clever appliances and systems will be hand in hand with bitcoin and block chain. The point is that we need everyone prepare the future and understand the present.. we need have fiat for many years more, but some years after yes this question will be like joke if you believe in Fiat.... BUT when this time comes maybe we have a different question, this can be: do you believe you feel more free with Bitcoin or in the past with Fiat?
Financial freedom will not exist in the future after they get rid of physical cash, which is the only way to have financial freedom nowadays. So in the future, you have to choose: You go with bitcoin, or you go with centralized digital government money (with no physical cash, so 100% gov controlled). It is clear what the most freedom friendly choice is at that point. |
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We have seen similar situations when demonetization of top bank notes happened in late 2016. Now Again Indian markets are trading ~$200 ahead of rest of markets. India sell bitcoins for ~$1420. I checked India prices here : https://www.unocoin.comEdit : Another Indian exchange trades bitcoins at ~1460 https://www.zebpay.comIndia is in a hell hole situation now. Their local currency it's collapsing, it's a crumbling economy, an exploding society. Very sad to see, a lot of smart kids in india that could be the next bill gates, but they are stuck in that trap. Hopefully bitcoin helps some people to save their wealth from the bureaucrats. |
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https://www.youtube.com/watch?v=kZe1pl66vGgA good video on exponential growth and groundbreaking technologies, and bitcoin is definitely a game changer. What can I say? Let's hope those numbers materialize. A lot of people lost faith and now it looks we can easily hit $2000 this year. 100k by 2026 sounds like a decent deal to me. Man you are as loony as a bowl of 'fruit loops' ..but with having 100 BTC I sure hope you are insanely correct  crazy people should get some 'cred' too ( I point to myself getting a KNC 550gh Jupiter BTC miner on 0ct 8th 2013..at $7,131.80 usd (including shipping) ...in a soggy box..the DHL guy had to carry it like an accodian to keep the box and shipping info on the unit...after ..that I poured 1/2 a glass of rainwater out of....btc was 150 usd that day....took me 1 hour just glaring at it ..wondering what was I thinking even accepting such...well anyway that worked out)   Again ...hope you are right...sometimes crazy works (got 53 btc out this unit till end of life) Things that look crazy now, may make you rich tomorrow. Everyone that invested in bitcoin back then either by mining or directly buying it was ridiculed and told to be an idiot/insane. Im sure that 21 BTC+ holders will eventually be rich. Some may think im insane today, but time will put things where they belong, and 21 BTC belong into the rich as fuck individuals. |
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If the Winklevii ETF was accepted on 13th, will it go "live" then, and people can buy the ETF right away? Or is there still some delay?
And more importantly, at what point does the ETF actually buy new coins? If the Winklvii have 100K BTC, do they sell all those first before the ETF buys any more? (So it might actually have a negative effect on the price as more supply is available and some people may chose to buy the ETF instead of buying coins on an exchange?)
I think it's clear that the Winklevii may use some of his own holdings for the ETF, but im sure that we will not see them using 100%, they will buy a lot of coins to supply the demand so we will see a big price increase. |
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Honestly, I don't trust Trump.
He said, until now, so many lies, crazy and stupid things, that it's really hard to trust him on anything.
It's seems that if he don't see his name in the media for more than 24 hours, he becomes upset and trying to make another ''big'' news in order to remain the main news in the headlines.
It's funny and sad that an American president thinks only about himself and popularity rather than deal with serious policy.
It's to much already.
We need real president, not TV star.
He is a clown. He may have some positive things, but he is a shitshow, not serious enough. Anyway, think about it from a perspective of a bitcoin investor. As a holder, you profit from a president of the most powerful country in the word acting like a fucking teenager tweeting away random crap. Uncertainty: bitcoin to the moon. |
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Who is bitcoin vanga and why is everyone talking about it here? The fact is, nobody knows shit, it's a big fat gamble what's going on. ETF passes: We go high, ETF doesn't pass, people use it as an excuse to dump and get some short positions filled... that's all. The point is, what are you going to do?
I don't want to lose my bitcoin trying to make more bitcoin.
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Let's see BU fork and let's see how they manage themselves without leeching off Core devs. But they are too scared to fork so they will keep using their shitty tactics. Jihan Wu is a disaster for bitcoin, I wish his stupid monolopy ended, but im not sure about UASF fixing anything in the long run.
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Bitstamp prices, same zoom setting, same 3-day increases candle, the result:  As you can see, this is natural sustainable growth, we are not in bubble territory. If we started a 2013 type of uprise, the price would be at $10000+ with that steep angle, which means, anything is possible and we have not started the FOMO yet. There are no more bubbles because there are no more fake volumes and market manipulation that comes from the Chinese Exchanges. After PBOC inspection of those exchanges the problem was settled and everything was back to normal thus the CHinese Exchange can no longer create bubbles that will really affect us. This time the price increase was not manipulated and therefore no more bubbles. Bubbles can occur naturally without needing manipulation. Market participants can arbitrarily choose to buy and quickly raise the price out of legit FOMO. This could happen at any time. Of course, manipulation helps creating bubbles, but all im saying is, it can happen spontaneously. |
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Okay so if its going to go that way altcoins will still be the first to rise up too its going to be easy to buy altcoins that are pretty damn good as investment still. XMR is my best option for this. I'd consider ETH but it good to diversify like ICN.
But it still could go up to $1300 just as the speculations of the gurus.
Im not sure if I want to risk my BTC position int some alt pump and dump. We all have seen what happens when alts pump. Look at Dash... they are not sustainable, only BTC can sustain the big volume pumps and keep the price. ICN is being a disappointment. When I started tracking its price it was 421 sats, now its 263, and 421 was supposed to be the bottom. |
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So what we have now is a situation where a dip is expected if X event happens, and a price rally or even massive pump if X event happens...
We only know some odds, which ultimately are not reliable as we have seen in the past with brexit and trump events with odds against those events.
So it's a gamble: ETF or no ETF? sell and buy back cheaper, or hold and see your BTC go $3000?
I have no idea, it all comes down to luck, so good luck to you (and to me)
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Curious since this is actually a bit annoying. But can anyone send a reference or source as to who/why is keeping the price of btc above 1k for this long?
*Yes I want it to fall, nothing to hide here*
Bitcoin has been undervalued for years, the marketcap is too small, so the natural price is $1000+, and we are still very low, the next actual bubble will be huge. The people expecting a big correction will get fucked as usual, shorters will never learn. My take is to hold long term and forget about trading. |
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Bitstamp prices, same zoom setting, same 3-day increases candle, the result: As you can see, this is natural sustainable growth, we are not in bubble territory. If we started a 2013 type of uprise, the price would be at $10000+ with that steep angle, which means, anything is possible and we have not started the FOMO yet. |
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