This is why I think he is delusional. McAffee does too many drugs, he is 70 years old and looks great because he hasn't done anything other than luck out with his stupid company and then become a celebrity and get paid to do speeches and crap like that, so he hasn't worked for years.

Now he pretends like he knows shit about crypto. I can't wait to look at coinmarketcap in 2 years and see how wrong this guy was.

And again, I hope im wrong and a new coin deprecates bitcoin so I can buy a shit ton of it and get rich as hell, but it's not going to happen. We are stuck with bitcoin as number 1 and then the rest of stupid ass shitcoins except a couple of ones that are actually good, but it's already late to get in and get rich.

But he is talking about more than half the marketcap of bitcoin will move towards alts... that is ridiculous.

Again, for an altcoin to get out that much money out of bitcoin (or generate new one so high that it makes the existing btc marketcap be 25%) it would need to offer something ridiculously innovative. I dont see it happening in 2 years.

No amount of ministers and experts are going to save the economy for the big up and coming correction, it's time to face the facts: the economy is in a big bubble, debt is at all time highs. Trump either accepts it and flushes everything to start from scratch (unlikely since no politician wants to do that) or he keeps printing more money in order to keep delaying the unavoidable.

John McAffee claims that "In Two Years Bitcoin will only have 25% of the Crypto Market Cap" . How delusional he is?

https://www.youtube.com/watch?v=4E3IRQZ7OFs

As we can see, BTC is still 80%+ of the total crypto marketcap. There are absolutely 0 bitcoin competitors as of today. The existing cryptos are just small niches (the 2 or 3 that are worth anyones time, the rest are just jokes)

So he is claiming a "bitcoin killer" that would make everyone getting in soon rich as fuck (kinda like bitcoin 2.0 happening) would appear in the next 2 years.

This is as realistic as any of the existing coins taking away 50-60% of bitcoin's current marketcap (which should be higher in the next years)

How delusional is this?

I wish he was right, and some sort of unique revolutionary thing happened, and we all got at the begining this time instead of getting in 3 years later when it's already 3 figures per coin, but let's be realistic. A thing like bitcoin happens every hundreds of years, so what are the chances that a new technology steals 50-60% of bitcoin's marketcap?

You could claim it will be a couple of coins getting like 10% each... still very delusional, it would need to be new coins, existing coins dont offer enough to justify that change.

I want to get rich as fuck with a new coin that is revolutionary and brings something new, but unfortunately I dont see it happening. We are stuck with bitcoin's slow growth and with the lame pump and dump alts, and the big pump and dumps on alts already happened (no more Monero style 2000% gains anymore)

The US may have a short lived prosperity period, but I think it's not sustainable long term. It's just not possible to compete against the chinese prices because their labour is so cheap, same goes for all illegal mexicans doing tons of work for cheaper.

If you get rid of those that's good because it creates new jobs for americans but americans aren't going to be happy working at mexican tier wages, so this means a lot of expenses will go to pay the american workers in order to manufacture in america and not export as much.

Trump will have to play a game of threatening others to cut exports, and china can't manufacture a lot of quality stuff made in US.

As someone mentioned, buying the dips will not make you rich anytime soon, unless you can afford dropping in like 100k on every dip and keep stacking big time.

Anyone that can invest 100k on bitcoin is already rich in my book.

The rest of us, would need to risk our entire net worth on every dip hoping it goes up again, and that is just insane.

Only getting in early in a project that can give us at least 1000%+ gains would deliver what we need to get rich.

Anyone that has spent time here should at least have 10 BTC to invest already. A couple of good moves going all in could take us to the next level (yes risky, but no big risk no big gain)

If it's a good house in a good location with high possibilities of giving you a passive income, then yes, it probably is a good idea, you can buy more BTC with the passive income, but nothing is really passive since taking care of the maintenance of the house makes it not passive anymore, so you would need to buy parking spots if you want real passive income.

We don't need mainstream adoption to bring the price up to $10,000, we just need big pockets to trust bitcoin, but of course mainstream global adoption is ideal, but it will never happen without segwit and lightning network as indispensable requirements, but it's going totake other factors too.

And all altcoins are stupid gimmicks, there is nothing bitcoin tier that could give us %5000 gains like bitcoin did... and I don't see any other XMR scenarios happening.
There is just nothing that I think could give big gains.

I wouldn't say is stagnant, it's holding pretty well at 900 USD area... we will see in the coming weeks. Overall the big decrease in volume has not been fatal for the price, so it's good news that the price can be sustained at 900 USD without needing all the big fake volume of the chinese exchanges.

https://www.youtube.com/watch?v=d6DgPO9-wig

This is a good video on the Keiser Report, Max Keiser interviews Brock Pierce of Blockchain Capital about crypto in the age of Trump. They are really bullish and agree with the analisis of Trump being a very unpredictable figure. We are ahead of 4 or up to 8 years of total uncertainty for the markets, which means massive gains could be made by holding bitcoin.

ICN is just a gamble in trusting their investors doing a good job for you. They invest in a lot of things that may or not may do good.

Also as someone mentioned, I think in order to receive dividends you will need to hold your coins at their online website, so it would be like having your coins in an exchange: pretty stupid.

The total supply is 100 million, im not sure if the dividends will be newly generated coins... that wouldn't be good (inflationary). Right now the existing supply says 87 million regarding coinmarketcap, so its almost fully generated.

Im just not sure about this idea of an unregulated fund. Funds need to be regulated, so you don't get scammed as the ones investing with your money can't freely leave, and this is specially easy to do with crypto. Im not sure how this will end up like. I may buy some but I don't feel confindent making a big bet on it.

Indeed, the altcoin market is disappointment after disappointment, but sometimes, some projects can deliver massive gains. XMR went up to 2000%, the technology is decent, the devs are decent, but the main point of the coin was the anonymous hype phase. I remember how they pumped it claiming all those darknet markets would accept it. Now this is over, and i just don't see this coin giving massive gains again. Same for ETH. Smart contracts hype is over after DAO disaster.

So I don't see any other decent new coins that are insanely undervalued in my view.

How do we get rich then?


Good luck paying a house 100% unless you are holding a big amount of BTC.

Trump is just taking those quick decisions now to cater for the conservatives and low IQ rednecks and that voted him. After this period is over, we will start seeing what actual economic decisions he takes. And most of the stuff he wants to do will not get done anyway since it will get revoked once things are actually voted. He needs a lot of agreements, he didn't get enough popular vote to go around doing whatever he wants.

In any case, he is going to cause a lot of uncertainty in the markets which means BTC is going to the moon.

What me and a lot of other people has noticed is that chinese regulations cause market crashes, which then get quickly bought up again. The first market crash was the worst one, right now is not as bad anymore, but it's clear that it's still something seen as somewhat negative even tho it's actually good.. the first one was a lot of expected market correction too tho, not only any related news. The priced had to correct, it was climbing too fast in a couple of days.

The Chinese are addicted to gambling and money, it was clear that they were fucking around at ridiculous levels with all that fake volume. It would need to be researched what is considered as fake volume tho... margin trading with bitcoins you dont own is not necessary "fake" as long as both parties reach an agreement.

Casascius coins are nothing but a collectable gimmick... that's all. I think it's a waste of money unless you are a die hard bitcoin fanboy and you think you are going to make money on it as something that's collectible worthy and with appreciate in value with time beyond the bitcoin price itself.

This is not an altcoin thread so don't move it. This is about the people that think they are going to get filthy rich with BTC having joined the game after the big initial 2 dollars to 1k dollars rise... im sorry but I think it's not going to happen.

Don't get me wrong, if you started post 2013 and managed to buy until reaching the respectable 21 BTC goal, you will make big gains in the future, but you will not make 1+ inflation-adjusted million dollars. Unless BTC goes at least  50k in the next 10 years, I don't see it happening.

And who wants to be a tired old man to make your first million? Fuck that.

Therefore we must put our BTC to work, and that means taking big risks.

We already saw big pumps in XMR. A 2000% gainer. Problem is, "anonymous coin" hype is already over.

We also saw the big ETH gains. Problem is, "smart contracts" hype is already over.

Then you have all those interesting projects like Maidsafe, that now sound like vaporware because they always fail to deliver.

You got other projects like Steem, with horrible coin distribution that create all those ugly graphics of constant stagnation: useless for an investor.

So what else is there? I see nothing, unfortunately.

I don't see anything that can pump hard, with solid volume, that has interesting fundamentals. It seems to me that all major developments will end up as sidechains of Bitcoin eventually. Bitcoin is king, and most (if not all) altcoin gimmicks have already been done. This is good for the Bitcoin investor, but if you want to get rich, it's already late, the growth will not be strong enough for most modest holders (and by modest, lest say 21 BTC and less... and 21 BTC is already somewhat elite nowadays since most people can't afford risking that much fiat in BTC). The marketcap even if small in the grand scheme of things, it's already too big to deliver massive 1000%'s tier of gains again in a reasonable amount of time.

Therefore, those that think getting rich with Bitcoin as someone that missed the big fat boat (buying when it was 1 figure per BTC) are delusional if they think they will be millionaires within the next 2 decades or so (more and it stops matter, again who the fuck wants to wait 20+ years)

As investors, we should focus on searching for alts where we can be whales, problem is like I said before: All alts are gimmicks/lame, and the fat pumps already happened.

So that's my 2 cents there.

Bitcoin is already a success... 8 years alive and we are having the possibility to get money stored outside of the banking system and move it around the planet for very cheap amounts, this is what a successful bitcoin looks like.

Of course, we are going to need to push it to the next level, that's segwit + all the new technologies like sidechain, confidential transactions and so on. Let's hope dumb ass miners wake up and start signaling for segwit soon.

Well, in order to consider a dump rejected, it first needs to go up to where it was before, we are still sitting at low $900's... we'll see if we go back $920. I want to believe that's the case, otherwise we may keep dipping. Im personally sick of any further chinese stuff. We need to decentralize the monopoly of the chinamen in the game.

Gavin Andresen definitely doesn't know who Satoshi Nakamoto his... Gavin Andresen got trolled hard by Craig Wright and now his credentials are shattered, you just cant take the guy seriously, or anyone else that got conned by Craig.