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Well mt gox pricing has been way off for the past 2 years or so. I used bitstamp which I feel is a more accurate depiction of actual btc prices.
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Yeah if you were to sell now and it did drop to about $560 and then rallied up from there that would only be an extra 12% gain. So people would have to compare the benefits of that 12% against the risk of missing a CCMF event
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Yeah... these straight lines of predictive pricing make very little sense to me.
The line is technically only straight on Log plots, its a exponential formula that appears straight when the y-axis is log. I personally don't ignore any relationship that has an R squared of >0.9 . Can it be wrong? Sure. Does the trend show a close relationship of the two variables, you bet. edit: accidentally wrote "logarithmic", now fixed |
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I will be using this thread to express my opinion and analysis on bitcoin price and anyone is free to make comments or add their on analysis to the discussion. Generally I'm bullish on long term bitcoin price and its useability in everyday transactions. However, I welcome both bulls and bears to this discussion as I feel it is important to keep a well balanced view on the topic.  Latest Predictions:3/16/14 - I think bitcoin may drop to $566 this month before trending back up. Current March through July 2014 bitcoin prediction here.  |
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Good news for BTC, but sorry to see so much suffering ahead.
Is it really? Presumably if there's less wealth, then the value of each Bitcoin would be less as well. unless that less wealth transfer to bitcoin and it's scarcity takes the value upwards That's a transfer of wealth, not a destruction of wealth. Well the people holding US stocks/bonds or dollars may have their wealth destroyed. Completely separate from that, bitcoin could increase in price, which would create wealth with people that own bitcoins. |
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Brian did refund the 0.01BTC for the wins not being over 50%. Thank you for sticking to your word sir.
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Take immediate steps to protect your wealth . . . NOW! ...Marc Faber, the noted Swiss economist and investor, has voiced his concerns for the U.S. economy numerous times during recent media appearances, stating, “I think somewhere down the line we will have a massive wealth destruction. I would say that well-to-do people may lose up to 50 percent of their total wealth.” When he was asked what sort of odds he put on a global recession happening, the economist famous for his ominous predictions quickly answered . . . “100 percent.” http://www.moneynews.com/MKTNews/Massive-wealth-destruction-economy/2013/06/20/id/511043/Good news for BTC, but sorry to see so much suffering ahead. that whole article is a sales pitch for aftershock (which moneynews and newsmax are famous for) Regardless i don't deny we are in huge trouble, it will all come down, but i don't see the USD mega hyper inflating to 50% anytime soon. There are just way too many factors keeping this afloat and kicking the can down the road. The 50% of wealth destruction is probably referring to a stock market correction in 2014-2015 which seems to be highly likely. Along with Massive housing bubbles crashing in some countries like CHina, India, Australia & Brazil Bitcoin, Litecoin, Gold & Silver are all good investments right now. I completely agree with bitcoin and litecoin being good investments. The cautions I would have with gold and silver are 3 fold. 1. Gold/Silver ETF's may actually be a "fractional reserve" situation with the people that claim to actually hold the gold and if this is ever proven to be true they will crash 2. Physical gold/silver is very hard to trade with. One would need to go back to carrying around satchels of gold dust for everyday purchases and gold bars of varying weight for larger purchases or transfer of funds 3. When you buy physical gold/silver you would have to go through rigorus testing to insure that it is actually made of the stated material. There have been a lot of fakes on the market recently that are doing an excellent job at density matching and plating the false material with the correct metal for surface testing....which would make the consumers have to break the bars in half and then test the cores of the gold/silver blocks in order to verify it is real....which is not practical for daily purposes nor long term storage of value imo |
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And now you see the proper distribution of IQ levels in humanity.
And you simultaneously see why your whole Bitcoin is going to be worth a sh*t ton of money in 10 years.
This is only good news. Because as the 95% sheeples talk trash and cower in fear, those with IQ's over 100 actually did a lil reading and are watching the paradigm change take hold all over the world.
By the time the 95% sheeples realize what its worth, it will be way too late for them to make any money on it, and you'll be buying yachts.
-B-
This isn't how IQ scores work. A population with 95% of people under 100 is impossible, because 100 is defined as the average of a population. It will always be 50:50. You're assuming that the poll takers had a normal distribution of IQ. If people with a lower IQ were more likely to answer the poll, then you could in fact have 100% of the people say they wouldn't buy bitcoins and yet their average IQ could be under 100. For a small sample size of 5000 I'd doubt they had a normal distribution of IQ's....not even accounting for the probability that people that would answer such a poll are more likely to have a lower IQ IMO. |
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Take immediate steps to protect your wealth . . . NOW! ...Marc Faber, the noted Swiss economist and investor, has voiced his concerns for the U.S. economy numerous times during recent media appearances, stating, “I think somewhere down the line we will have a massive wealth destruction. I would say that well-to-do people may lose up to 50 percent of their total wealth.” When he was asked what sort of odds he put on a global recession happening, the economist famous for his ominous predictions quickly answered . . . “100 percent.” http://www.moneynews.com/MKTNews/Massive-wealth-destruction-economy/2013/06/20/id/511043/Good news for BTC, but sorry to see so much suffering ahead. Supposedly he had a video interview where he discusses good financial investment alternatives, would you happen to know where I can find it? I've found interviews with him but not one that summarizes his aftershock investment book |
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mainstream = lots of idiots <b>idiots can't cope with lots of zeros after the decimal mark</b> so yes I do think a split would definitely help Bitcoin; 1:10 or 1:100 would make sense. is that possible at all?  I agree, the general population can not deal with too many zeros after the decimal point, however they can deal with 1,000,000. I'd like to also re-emphasize my original point that the general population are not "proud" owners of 0.05 bitcoins....but 50 milibits/millies etc is a different story... I give bitcoinity.com credit for starting the change that I know we need... http://bitcoinity.org/markets 0.62USD/mBTC  |
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Just Sold him 0.059 BTC and He sent the Funds FAST AS HELL
Thanks Man
A++++++++++++++++++++ BTC BUYER
will gladly do business again
Just wait for that to be reversed in the next 45 days or less... |
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- Atlas
- BitcoinFX
- BrightAnarchist
- _DarK_
- Diablo-D3
- Keefe
- Kiba
- NewLibertyStandard
- OneFixt
- Xunie
- c3e0a4636987bcc7152e6b8b9127c4fe (PayPal MD5)
- dwdollar (Bitcoin Market)
- grondilu
- jgarzik (Bitcoin Store)
- mtgox
- nanotube
- sturles
- xxmalouinxx
People listed in bold had the opportunity to scam me for a large amount of money. Looks like MtGox finally got their scam off /sarcasm |
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I will quote myself when you won't be able to sell the BTC and get half the price of your house, no doubt at the back of my mind.
Bitcoins won't last as an investment, stop with the greed.
Rather than think of it as simply an investment I like to think that it will take over the whole fiat currency system rather than picture it as a "stock". Then by pure scarcity it's value will have to increase, rather than be inflated like your typical fiat printing factories |
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It's a gamble, but if he's that young and doesn't need the house he's taking the risk for a possible future of billions. Good luck to you and you better have those bitcoins offline with multiple encrypted backups and super safe!
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if with lenr you mean "cold fusion" then sorry to dissapoint you
wikipedia says that palladium-catalysed fusion was a fake/error
and myon based reactions dont yield excess energy
Well if someone wrote it on wikipedia then it must be true... |
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 Here is my ant miner collection, there are 3 more running in another location, but you should be able to count 20 in the picture, which brings the total to 23! This is a residential location? You must be pulling about 7000kwh+, did you have to have an electrician come out to your place to configure that amount of power draw? |
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0.001 = milibit = "milies" (pronounced mil-E-zzz) IMO
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