I hope this will help  |
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Something I found on another thread of this forum: http://en.wikipedia.org/wiki/Sergei_MavrodiIn January 2011, Mavrodi launched another pyramid scheme called MMM-2011, asking investors to buy so-called Mavro currency units. He frankly described it as a pyramid, adding "It is a naked scheme, nothing more ... People interact with each other and give each other money. For no reason!" [13] Mavrodi said that his goal with MMM-2011 is to destroy the current financial system which he considers unfair which would allow something new to take its place. [ ... ] He was reported to be trying to expand his operations into Western Europe, Canada, and Latin America.[14] Other sources say he is a mathematician ("brilliant" even). [troll]Could Satoshi Nakamoto be ... Sergei Mavrodi? (Hm, what did he do during those four years in Siberia?)[/troll] Mavrodi is just Russian Ponzi. |
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The BTC/GOLD trend line is finally broken!   |
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The bigger exchanges should be able to hold out longer than the little guys.
Tell this to Mark Karpeles  |
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Oh, and in 20 years, a bitcoin will break the billion dollar mark, at least by your formula.
In 20 years we'll already break this trend and probably stabilize. But nevermind. I'm just trolling. I really don't know wtf will be going on with the price.  |
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Even with that low valuation, but 10% growth per month, means that the value more than triples every year. So in 10 years, thanks to the magic of compound numbers, that $0.13 will be $12052.17
It's in 10 years, not the next 2 years. If you have balls to hold for 10 years and look at how your btc worth goes to nothing during this period before recovering, no problem. |
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....wonder if we have had any Bitcoin suicides yet?
We have probably had at least Gox suicides already. But it's only the beginning. |
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Panik = Panic.
OMG!  Oh, no. I don't kare. |
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You know what you and me have in common? Nobody cares about our calculations  No problem, man. My goal is just to warn you. |
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Basing on my calculations, the fair price of 1 BTC is ~$0.13 now and it grows ~$0.015 (10%) per month.
Everything above it is a bubble.
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Just a reminder that we are entering the 2-year downtrend now. Remember: financial decisions based on nothing but emotions are not good decisions. How will you feel when your 648 coins will worth about $1296?
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Yesterday it was above 500 (after sub 500 for a few days).
Now it hit 438 (stamp). Is this a repeat of April 11th "Black Thursday" and will it bottom out like it did back then
and then go back up?
Dear fellow countryman. We will go down lower than $339. |
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Who is selling at the bottom now?
Why are you rushing to get a low price?
No bottom here, man. Exactly! If this turns out like 2011, and with PBoC's help it may, then the very bottom could be below 150$. $150 coins are still expensive. |
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All exchanges follow China because they are idiots.
BitCoin is full of haters. That's why so many switched to DogeCoin. Also dumb, but a lot more charming community. That's why the Dogecoin price dropped too. |
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Who is selling at the bottom now?
Why are you rushing to get a low price?
No bottom here, man. |
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look at the price plummet as a result of this news.....
Yeah, this is ugly |
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Yes, we really need capitulation. But the *capitulation* will be finished only when YOU capitulate.
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So we will see 150? eventually YES |
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Bitcoin was the first prototype of a cryptocurrency but as time passes, it is slowly but surely losing its hegemony.
This was maybe the last bubble targeting specifically Bitcoin.
Next bubbles will increasingly push next generation coins to the forefront.
As for China, it won't come back through Bitcoin, but maybe new designs that play better with fiat can help reopening the flood gate.
Right. I could see Bitcoin in an encyclopedia: "The very first decentralized cryptocurrency. It wasn't like the currencies you may know today, such as Cosmos. It took at least 10 minutes to do a transfer, the client took 10GB of disk space, and the network consumed massive amounts of energy resources, relying on a brute force approach to security." Cosmos? |
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