$5k seems to be impossible at a moment, and I don't think it can reach there in future too, we have high hopes from it but we also need to accept the reality.
It is true that for the price of uᴉoɔʇᴉq to each $5000 is impossible at the moment, but in the future? Yes, it will reach, it will definitely touch $5000 when everyone supported uᴉoɔʇᴉq for virtual use etc. This topic really sorts the real bulls out from the bears. But to all the bears I want to say this --- I'm sorry for your loss. |
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$5k seems to be impossible at a moment, and I don't think it can reach there in future too, we have high hopes from it but we also need to accept the reality.
This is what I am thinking too. There are high hopes for uᴉoɔʇᴉq but with those you put yourself in a hole to fail if it doesn't. So why put all your hopes into it reaching such high expectations? Start smaller like $500 then once it reaches that amount, say $750. So on and so on until it reaches that unrealistic number you are hoping for  Don't put all your hopes in the same basket, is that what you're saying?  Well, I have a shit load of physical silver, I'm digging a nuclear shelter and I am going to start hoarding honey soon. Silver is probably going to peak at 6000$ per ounce so even if just one of my predictions comes true I will make a fortune. |
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You make some really stupid fucking comments. If the dollar truly collapses, nobody is going to give a fuck-all about some crypto bullshit. They will be concerned with food, ammo and fuel.
you are right, never put all your eggs in the same basket. that's why I'm also bullish on food, ammo and fuel I'm going to remember this quote. I'll make a deal with you: If the price doesn't hit just half of your prediction ($2500) by the end of the year you go away and never post here again. If it hits $2500 I'll do the same. Deal? If you aren't willing to make this bet you are just talking out your fucking ass.
I'm going to ignore this comment. You could as well as get your mother drunk so that she would consider sleeping with you but I'd still not give a damn. |
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Lol fiat currencies have still a good couple of decades to go to hell, if it ever happens, which is nothing but an assumption.
I think banks have a high possibility of disappearing as we know them, but actual government issued currency will exist as long as government exists I think.
This is not incompatible with Bitcoin going to 1 million dollars or whatever.
governments = Mafia taxes = Racketeering |
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End of the fiat currencies by the end of 2016? ok, EoT for me. I will come back in January 2017 to check if you are still there.
If you are on the northern hemisphere, then the spring is just around the corner. If you are so sure about $5k, you may sell your house and put all your money where your mouth is. You would win big in 9 months time, before next winter.
Myself, I will wait for the end of the world to come on me unprepared this year.
Who said end of fiat currencies by the end of 2016? you are clearly hallucinating, fucking moron. learn to interpret sentences written in the English language. |
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Bitcoin would reach $5000 only if it gets universal acceptance same as dollar. At the same time there shouldn't be any other currency in use over the entire world.
Or when the dollar collapses, which is getting more and more likely every day. well another strong fiat will take it's place, unless you're implying that we are near the end of fiat altogether, which i doubt If dollars collapse then Euro,Pounds or Yen might replace dollar but bitcoin wont replace dollar there are many highly develop countries with a strong currency. yeah, keep saying that to yourself. it's a house of cards. if one of those leading currencies goes down it will bring down everything else with it. btw, no one here is telling that bitcoin is ought to REPLACE dollar. but it will sure win from dollar's collapse. |
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Bitcoin would reach $5000 only if it gets universal acceptance same as dollar. At the same time there shouldn't be any other currency in use over the entire world.
Or when the dollar collapses, which is getting more and more likely every day. |
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First of all, be a bit more polite when writing your answers. I believe you are long enough in this forum to know its etiquette. And calling someone dumbass does not belong to it.
Now, ad rem.
My main point is that I disagree that the financial meltdown will happen soon. Back in 2011, I read a lot of blogs, post, articles, etc. on how the financial world would melt down and how gold will skyrocket to $10k and beyond in a matter of days. That never happened, as it won't any time soon. What is soon for you btw.?
Stupid questions get stupid answers, don't whine about it. There is no etiquette. The etiquette is a lie. You should have started from your main point then, because if we disagree on the fundamentals then there is nothing for us to discuss here. Would you honestly believe, for example, that it would be possible to debate a Muslem into Christinaty? By soon I mean this Summer the earliest and by the end of this year the latest. For reference, watch this: SUPER SHEMITAH: Elite's Jubilee Year Plan to Crash World Economy by October 2016 [HD] |
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All I hear is BS... I have no longer interest in this project. You won't get half a dime from me
Couldn't care less. |
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Great business model! No users = no business
But it's okay... Profit is always FIRST, isn't it? B&C will be just another unsuccessful "decentralized" exchange
*1 It's sad to see a great and innovative idea being destroyed by the classical and primitive capitalist shareholders model which has shown that is not sustainable in the long term
Edit: *1
You are overly dramatic about it. Shareholders aren't dumb. They will listen to the users. You must understand that no one is going to develop a p2p exchange for free. Why should I give free money out to fund such development without expecting any profits? Why should anyone do it? Software development isn't cheap, you know. If you, as a user, are interested in voting on the matters then you are free to buy some blockshares so that your vote would count more than just an opinion from a potential user. |
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Few questions:
- What makes B&C better than OpenLedger?
- What are the differences between BKS shareholders and signers in terms of voting power?
- How are you planning to take into consideration and defend the B&C user interests Vs BKS shareholders & signers?
I see your voting system a bit too static and away from what decentralization means...You are giving zero power to your users which are the most important part of your project. You might have achieved a decentralized platform but its governance model defeats the whole idea that your are trying to sell. Why don't you make it a decentralized autonomous exchange (DAE) far from human conflict of interest. The running costs including developers would come out of the fees and donations and if there was a surplus the whole community could vote what to do with it via a smart voting system that takes into account the users voice, the developers voice and the infrastructure people voice. Perhaps this is the next thing after "Decentralized" exchanges... Cheers Simply put, democracy is a fallacy. In practice it doesn't work because human beings are not equal. In fact, they are very different and it's damn easy to inflate population with low value individuals. Everyone can make children, you don't even need a degree for that. But to educate one so that they would become a valuable member to the society is a whole different thing. What we see in Europe shows that politicians only care about votes and they aim to get the votes from migrants and other socialist parasites. As a result, foul laws are being passed and Europe moves through the spiral of self-destruction. That said, I wouldn't push that "users first" agenda so much. An exchange is a business, apply the rules of (anarcho) capitalism and you will see that B&C Exchange is perfect just the way it was designed. |
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1.) Up to now already 73% of all coins are mined. It will be 75% when we get to the halving point. That means that 75% of 21 million coins will be already in circulation, not being subject to the mining business. Now you are arguing that these 25% yet to be mined will overweight the supply-demand of the remaining 75%, shooting the price ten fold from where we are now. Interesting, to say the least.
You fail to understand that there are big chunks of coins that are not circulating. Take Satoshi's stash, for example. Those 25% of coins are not the only thing to increase demand. You must always take into account the FOMO factor and speculation. Finally, bitcoins are still vastly undervalued so there is natural growth potential. 2.) remind us, kindly, what were conditions back in 2013 when the two pumps in question happened? You may mention 'Mt. Gox' and 'Wally' in your description. Write how it relates to halving, that happened in the end of November 2012.
Those two pumps happened after halving, what is here to remind you? The Cyprus crisis and Mt. Gox drama only amplified the pumps that were bound to happen anyway. 3.) back to 2016. There is no Mt. Gox and no Wally any more. Do you expect even bigger pump that will attract even more money than the one in the end of 2013? Based on what? Look, what happened during the last pump in November 2015. Price touched $500 and immediately went down to $350. Why it should be different this time? Nothing has fundamentally changed (in terms of adoption of Bitcoin) from the November till now, to support such a rally.
Read the first post. You seem to be very determined at ignoring the global financial meltdown factor that will give bitcoin the boost it needs. This is the first time in Bitcoin's history when it can actually prove its usefulness during a major financial crisis. This is why Satoshi invented Bitcoin in the first place, read it from the genesis block and stop asking dumb questions. Who is arguing with facts?
You are, dumbass. Block reward halving is a fact, hard-coded into the protocol. Before you continue, educate yourself about the nature of inflation and its effect on prices. And always, always leave room for the human emotions and market overreactions. This is how bubbles happen. |
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I repeat, halving doesn't guarantee any thing in terms of price (see last halving in Bitcoin; connecting that to the two rallies in 2013 is BS to say the least), as there are already sufficient coins in circulation to keep the price suppressed, if the whales decide to do so.
Why would they do that? For example to remove the competitors from the mining business. Waiting for the difficulty to adjust after halving may be longer than some miners can afford. Pushing price down and re-buying coins at cheaper prices would provide the whale miners with the gain, during the time the difficulty is too high to make mining as profitable (as before the halving). I see it much more realistic than your end-of-fiat collapse scenario.
Yeah, go on, argue with the facts because your theory is far more powerful than the facts. After all, your theory makes sense while the facts don't. Are you kidding? Bitcoin price rallied after halving. There is far more reason to belive that it will rally again than to bash your head against the wall chanting "halving doesn't guarantee any thing in terms of price". It is your reply that is the BS to say the least. |
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The 500 dollar is no problem for this year but the 5000 dollar is not even close to the bitcoin, its far far away if you ask me.
The halving is also coming but it will let the bitcoin reach to the max of 1200 dollars or something.
I was going to ignore your comment but when I read the bold part I just couldn't help myself but to reply: are you honestly so dumb that you think that once we hit another ATH it won't go any higher? You were born yesterday or what? Have you even witnessed any previous ATHs as they come to be? Touching the previous ATH = panic buying at full speed. |
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what does that suppose to be? some sort of compensation? |
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Interesting... are you saying that the illuminati built the bitcoin. No wonder the creators of bitcoin chose to remain anonymous, they only built according to instructions and then took their leave.
nope, not saying that. In fact, I believe that bitcoin will ultimately prevent the illuminati from accomplishing the new world order. Whoever created bitcoin remained anonymous for their own protection. you wouldn't think the bankster elites wouldn't at least torture the creator of bitcoin to death, even if they can't win a war against bitcoin? |
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It's a nice to dream, but keeping it real here. There is no chance bitcoin will be anywhere near 210 000$ per coin as you want it to be.
Price tag of 2-5 k USD within the next 5 years is a much more likely scenario, and it's something that is slowly developing already, but good luck waiting for your goal price tho.
never said it was my goal price nor that I was hoping for 210k. It was just a proportional parallel to the prediction of the silver's price. Next time read more carefully before replying. |
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Its not quite possible for the bitcoin price to reach $5000 per coin in such a small period of time. If that happened I would be rich. Unfortunately I don't actually believe that this will happens within the next 20 years Just because you have some self-esteem issues and you think you don't deserve to be rich does not mean it's not going to happen. Perhaps you will be stupid enough to sell all your coins just before the big rally so that both parties could win --- you will remain poor and bitcoin will go to 5k. But seriously, if Robert Kiyosaki Is Predicting A $6,000 oz Silver Price In The Next Few Years then surely bitcoin will get its proportional rise, blasting the prices to 210 000$ per bitcoin. |
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Even if the price would go to 5000. what would it say about bitcoin?
Exactly some kind of monopoly money. Nobody would be stupid enough to buy it at 5k and eventually the price would go to a fair value.
 Yeah, and who would be stupid enough to buy 1200$ gold?! |
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