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rix5
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November 05, 2014, 12:57:02 AM |
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I'm going to make the call right now, and this isn't coming from some troll. But I believe bitcoin will hit sub $100, possibly sub $50 before anything further interesting develops. By all means, as a trader, I wish it hits $5000 or $10,000 in the next 3 days. But I just don't see exponential development in the near future... the long run, who knows though.
I mean, wall street thinks bitcoin is overbought, overpriced, unsustainable. The average citizen isn't crazy about bitcoin at all. You ask the average Joe if they plan on buying bitcoin in the future and you get a melancholy "no". You ask a smart ass in the streets about bitcoin and his answer is "the [expletivie] is that?" You explain it and his response is well that is "[expletive] stupid".
Institutions are already in on it. Speculators are looking to make a quick buck only. Then there are cultists, which is a super minority, and they believe in a whole bunch of unrealistic possibility. The problem with mass adoption is that why would someone go through all this trouble to buy bitcoins, only to spend it on a blu-ray player they could have just bought with their visa.
It seems like only select intelligent people truly believe in bitcoin, and intelligent people are few and far between in this world.
unobtanium, that's less inflationary and also less overbought. also not so expensive to run. |
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Xiaoxiao (OP)
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Activity: 1274
Merit: 1000
The Golden Rule Rules
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January 14, 2015, 07:36:33 AM |
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picolo
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January 14, 2015, 08:31:08 AM |
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Xiaoxiao has never been so close to being right since his prediction! Hopefully the price will not go down more.
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8up
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January 14, 2015, 10:04:25 AM |
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Xiaoxiao has never been so close to being right since his prediction! Hopefully the price will not go down more.
Hopefully it will! I have some more money to pour in @ sub 100. |
Always wrong until not.
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Xiaoxiao (OP)
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February 13, 2015, 08:01:37 PM |
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I take back the fact I said sub $50, I was trying to be a bit funny, bold, and exaggerated, but the gist of my theory and post have all come true. It will be at sub $200 again and stabilize there.
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Xiaoxiao (OP)
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March 25, 2015, 07:51:13 AM |
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Bumping to show precision of predictions.
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m3g4tr0n
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March 25, 2015, 10:01:05 AM |
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How far sub-200 are we talking here? 189 is sub-200, and so is 75.
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pereira4
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March 25, 2015, 11:10:12 PM |
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Like you said its only intelligent people that get into Bitcoin now because they get it, just like in the early days only intelligent people understood the power of the internet. Let those dumb fucks adapt. It will take 10 years or so, enjoy the ride.
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damiano
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103 days, 21 hours and 10 minutes.
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March 25, 2015, 11:20:44 PM |
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Sub $200 will take a lot of miners out. Can the big farms even sustain below $150?
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Q7
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March 27, 2015, 02:49:03 PM |
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I don't deny there's always a group hoping to make quick and all it matters to them is making money and apart from that anything concerning development of bitcoin means nothing to them. However put aside this group there's still us who truly believes in the future of bitcoin and no matter what will continue to support. And that is why bitcoin is still here to stay.
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ajareselde
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Satoshi is rolling in his grave. #bitcoin
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March 27, 2015, 03:30:46 PM |
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Sub $200 will take a lot of miners out. Can the big farms even sustain below $150?
It would put them out, but not indefinetly, because the difficulty would eventually lower back down due to fewer number of hashing power, and it would once again be profitable to mine. I believe the big mining operations owners are quite interested in bitcoin, so the profitablility in negative would just make them store coins for future use , and the mining should continue. However i dont see bitcoin going below 150 ever again, reasons for that to happen would have to be catastrophic failiure, and that is not likely to happen. cheers |
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