This is not about the Bitcoin reaching 300K this year, or the infrastructure capability etc. It's the simple evaluation of his reasoning to get to the 300K figure in 2013-valued US Dollars (so the 300K might become 310K in 2014 USD with inflation, etc). He's basically postulating that if everyone were to use Bitcoin, it's value would reach 300K.
You are wrong, he clearly stated that there is no way we are not reaching 300k USD per BTC this year: To not believe in $300k this year is a denial of the facts. Only a technical flaw in the algorithm or a superstealthfast adoption of a superior altcoin currently not existing, or an all-out wiping away of all mankind can keep USD/BTC from exploding this year. Already everyone who has any position in this world knows about Bitcoin. Just post any nugget of actual facts that can contradict my $300k this year or cease replying to me with nothing material, thank you.
It wasn't just a thought experiment to him, he really believed it. Why would you even take this madman seriously? |
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You could be the best of traders, but with your nobility and supernode nonsense you apparently take seriously, it's hard not to laugh at you. Your pathologic need to brag is just too entertaining.  To answer the question, this is a closed unit, so you either take the pills, or they make you take them.
I'm glad to hear, but thinking about it, I still kind of feel bad laughing about someone with mental illness. Maybe I will just refrain.  |
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Oh man, you are so young, all your forum time I have spent in this ward!  There is also an upper bound I have told, and it is 35 million m BTC. I have said I have never since the beginning of 2012 had access to more than that or less than 2,4 million. So I am a Prince at least, perhaps a Duke but definitely not one of the highest echelon. Please don't let me need to repeat that every day as I have needed to do recently. Have you taken your meds today? |
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I expect the opposite. ASIC miners are likely not selling some part of their profit margins. As the profit margins erode, the percentage of the daily 3600 BTC goes up they have to liquidate to pay expenses. But this is an effect that works over months.
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Maybe they decided to the some vacation. Standard vacation time in Europe *starts* at about double what is typical in the US.
See, that's the problem with this guy. If that's the case he could just say that. Instead he makes it look like yet another very weird event. So he is either making things up or he is trolling. - I am located in a closed mental institution run by the City of Helsinki
That is all there is to know. Don't feed the mentally ill's delusions of grandeur. |
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schade hätte nicht gedacht das der nen den 105 wieder so absackt
Weiß da jmd was da passiert ist?
Nix. Wenn nichts passiert, enttäuscht das die Erwartungen vieler verblendeter Halter jüngster Zeit, die ihr Geld jede Woche zu verdoppeln suchen. |
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I can sympathize, I've fallen to similar nonsense in 2011. The news don't matter, even the china hype was there back then, nothing ever came of it. Also, I don't see it crashing, it's actually looking like the bears are rather weak in contrast to bulls atm. I'm more betting on a long, slow slide with occasional bull traps/false signals. Is it in within your free-roaming permission to rename this thread to "forexminute.com recommended on #1 Bitcoin Forum"?
Haha. |
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Theymos sells ad services and earns money. What's your business what he does with his own money again?  I don't even understand why you guys feel the need to justify yourselves. |
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Just look at the Top 20 Richest Wallet Listing (if you have archive that list previously). The list will calm you down. If these wealthy people aren't worry about the recent price fluatuation, neither should you  Exactly, wealthy people are much cleverer than you are and not at all prone to error, see here and note the volumes:  And naturally, the best time to sell is AFTER they unload their loads, not before.  |
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Love the smell of double digits.
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100 is either ridiculously expensive or ridiculously cheap. Guess. |
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Don't care too much about short-term wiggles. My play is on weeks/months. By the way. The silence in here is deafening. |
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There we go. Again. |
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Total paranoia FUD mode: I think BTC annoys the PTB. They want it dead and buried. But how to do you Black Friday something like this without looking vindictive? Revealing SR to the public didn't do it. Associating it with evil money laundering barely made a dent. Trying to prove terrorist use it would be too complicated and would just make Joe Public's eyes glaze over and blame the PTB for that. But saving the children because BTC is the child sex slave trade's untraceable currency of choice? EVIL! THE HORROR! SAVE THE CHILDREN!
Three letter agencies will probably eventually come around to embed some actual child porn imagery in the blockchain, and then watch out. Or maybe OpenCoin will do it so people switch to cripple. |
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This was originally from Business Insider: - http://www.businessinsider.com/what-is-litecoin-2013-6Incidentally, I find it irresponsible at best to write about Litecoin to a general audience without discussing proof-of-work, the risk of 51% attack and the difference between Bitcoin and Litecoin in this regard. Indeed, all proof of work based scamcoins are doomed unless they can overtake Bitcoin. The longer they coexist, the more probable an attack from Bitcoin supporters becomes. A different algorithm only delays that. |
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My Bitcoin history: Single Digit => .1 Digit Double Digit => Single Digit Triple Digit => Double Digit It is only natural! |
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However, $50 coins may bankrupt you if the market never recovers.
2011 survivors know better. Both during the periods of overvaluation and undervaluation. |
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