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Hyena
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June 02, 2015, 10:53:38 AM
 #21

I'm slowly getting worried that even though BTC will perform very well this year it will not be because bitcoin is so awesome and its opponents suddenly start to see the light but instead because some large scale shit will happen that brings down the conventional markets. When bad things start to happen they will happen all at once. Yes your bitcoins will be worth millions of dollars but at what cost? at what cost?

The markets should go into bear territory later this year when interest rates rise.  However for a crash to happen you need a catalyst like a major war or other political event, or for a major company to fail.  It is not inevitable.  I hope it doesn't happen even though it might benefit me in some ways.  Lots of people will get hurt in the process.

The bitcoin price is dropping fast right now.  I think it is because of the 20mb feud.  People who don't understand what is going on think that the sky is falling and pull all of their money out.  This is fine for me because i am patient and I love a chance to buy low.  When this thing is resolved expect the price to shoot back up.

Former NSA intelligence analyst John Schindler says a senior NATO official warned him, "we'd probably be at war by the summer, if we're lucky it won't be nuclear."
https://www.youtube.com/watch?v=hUYx6kLZeK4

Also, some Texan dude from Ixia said in CyCon last week that there will be a major cyber conflict event this year with human casualties.

All this in alignment with Jade Helm, NATO military exercises, California drought (possibly geoengineering) and chemtrails appearing as far as in the sky of eastern Europe lately.

If bitcoin's price was to go to the Moon again then I'm pretty sure it would correlate with some other grand scale events.

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June 02, 2015, 09:28:40 PM
 #22

Nice thread!

To me looks quite likely that bitcoin rise will coincide with stock market crash and the halving thrown in will add fuel to the rocket.

Obvious in retrospect  Wink


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June 03, 2015, 12:51:15 AM
 #23

I'm slowly getting worried that even though BTC will perform very well this year it will not be because bitcoin is so awesome and its opponents suddenly start to see the light but instead because some large scale shit will happen that brings down the conventional markets. When bad things start to happen they will happen all at once. Yes your bitcoins will be worth millions of dollars but at what cost? at what cost?

The markets should go into bear territory later this year when interest rates rise.  However for a crash to happen you need a catalyst like a major war or other political event, or for a major company to fail.  It is not inevitable.  I hope it doesn't happen even though it might benefit me in some ways.  Lots of people will get hurt in the process.

The bitcoin price is dropping fast right now.  I think it is because of the 20mb feud.  People who don't understand what is going on think that the sky is falling and pull all of their money out.  This is fine for me because i am patient and I love a chance to buy low.  When this thing is resolved expect the price to shoot back up.

Former NSA intelligence analyst John Schindler says a senior NATO official warned him, "we'd probably be at war by the summer, if we're lucky it won't be nuclear."
https://www.youtube.com/watch?v=hUYx6kLZeK4

Also, some Texan dude from Ixia said in CyCon last week that there will be a major cyber conflict event this year with human casualties.

All this in alignment with Jade Helm, NATO military exercises, California drought (possibly geoengineering) and chemtrails appearing as far as in the sky of eastern Europe lately.

If bitcoin's price was to go to the Moon again then I'm pretty sure it would correlate with some other grand scale events.


Surely it couldn't be purely a cyber event that results in human causalities....right?

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June 03, 2015, 12:55:34 AM
 #24


So we are still in the overestimation phase?

Accumulation phase just started for me.


Accumulation phase is about to start for me. I expect the price to remain like this for a while, so I have the time Smiley

If you go back 2 years estimates would have put bitcoin well over a $1000 right now, that is the "estimate" that we are currently below. His graph is saying that while the actual current price is lower than the old estimated price, we could be at the point where the actual growth starts increasing up to the estimate and then surpassing previous estimates.

That is the idea behind the graph. Only time will tell what the truth is.

And fonzie, stop being a douce already. It's only cool when you're a child.

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June 03, 2015, 07:48:34 AM
 #25

^^ Yes, the reverse graph reality. We are living it. Now lets hope we keep this reverse graph dimension and the price will rise again in a few months. I mean, everyone is so negative. So it must head positive.  Cool

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June 03, 2015, 09:13:40 PM
 #26

One more fraud,hack and bitcoin will fail below 200$,even without that can be like that,for serious rise weneed to wait for really big news


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June 04, 2015, 08:10:55 AM
 #27

One more fraud,hack and bitcoin will fail below 200$,even without that can be like that,for serious rise weneed to wait for really big news

no, we need to wait for someone to starts to invest in this asset(talking about big investment in the form of trading, billion of dollars into the market), instead of useless news that are not doing nothing to the price, and while many think this not so important, having a better price it is essentially a form of trusting more the market and remove the depression around it
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June 04, 2015, 09:02:05 AM
 #28

That chart about underestimating the future is an underestimate Smiley However, not everything can be applied to it.

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June 04, 2015, 03:48:09 PM
 #29

I'm slowly getting worried that even though BTC will perform very well this year it will not be because bitcoin is so awesome and its opponents suddenly start to see the light but instead because some large scale shit will happen that brings down the conventional markets. When bad things start to happen they will happen all at once. Yes your bitcoins will be worth millions of dollars but at what cost? at what cost?

The markets should go into bear territory later this year when interest rates rise.  However for a crash to happen you need a catalyst like a major war or other political event, or for a major company to fail.  It is not inevitable.  I hope it doesn't happen even though it might benefit me in some ways.  Lots of people will get hurt in the process.

The bitcoin price is dropping fast right now.  I think it is because of the 20mb feud.  People who don't understand what is going on think that the sky is falling and pull all of their money out.  This is fine for me because i am patient and I love a chance to buy low.  When this thing is resolved expect the price to shoot back up.

Former NSA intelligence analyst John Schindler says a senior NATO official warned him, "we'd probably be at war by the summer, if we're lucky it won't be nuclear."
https://www.youtube.com/watch?v=hUYx6kLZeK4

Also, some Texan dude from Ixia said in CyCon last week that there will be a major cyber conflict event this year with human casualties.

All this in alignment with Jade Helm, NATO military exercises, California drought (possibly geoengineering) and chemtrails appearing as far as in the sky of eastern Europe lately.

If bitcoin's price was to go to the Moon again then I'm pretty sure it would correlate with some other grand scale events.


Surely it couldn't be purely a cyber event that results in human causalities....right?

It can in a sense that if a drone gets hacked and is sent to kill some civilians, for example.

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June 04, 2015, 08:42:36 PM
 #30



While I like this chart, to be completely honest the placing of bitcoin is very arbitrary. Red squiggle could be placed almost anywhere
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June 04, 2015, 10:59:27 PM
 #31

The major weakness of bitcoin is that most of the coins were already distributed/mined in the first 5-6 years.
The system gives little incentive to continue mining as rewards are scarce PLUS initial distribution might be to people that current elite does not trust (mostly not one of "them").
This gives impetus to talk about "blockchain" vs "bitcoin" as they can invest in the former via new companies and software development, but not really in the latter (without it going sky high at the first serious accumulation attempt).
The fact that mining is 2/3 finished gives very low $$ value to mining: just $330 mil in revenue can be had this year-these are miniscule numbers for large companies.

Honestly, I don't see how it could be solved and current bitcoin becoming a major currency.
The best bet would be that bitcoin 2.0 will sprung with some link to bitcoin 1.0 and we will be able to do an exchange into the "new bitcoin"

Those who think that mining will prevent it, I present two facts to consider:
1. As most mining manufacturers are mining by themselves instead of selling miners to individuals, most mining will be concentrated in 3-4 major players (at best). it is easy for a few large players to switch to a new compatible coin.
2. Paycoin experience shows that miners are a fickle bunch. As long as you allow them to easily switch to a more lucrative coin (where they can get more $$ RIGHT NOW), they would do so, as long as their miner is compatible.
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June 05, 2015, 12:44:12 AM
 #32

The major weakness of bitcoin is that most of the coins were already distributed/mined in the first 5-6 years.
The system gives little incentive to continue mining as rewards are scarce PLUS initial distribution might be to people that current elite does not trust (mostly not one of "them").
This gives impetus to talk about "blockchain" vs "bitcoin" as they can invest in the former via new companies and software development, but not really in the latter (without it going sky high at the first serious accumulation attempt).
The fact that mining is 2/3 finished gives very low $$ value to mining: just $330 mil in revenue can be had this year-these are miniscule numbers for large companies.

Honestly, I don't see how it could be solved and current bitcoin becoming a major currency.
The best bet would be that bitcoin 2.0 will sprung with some link to bitcoin 1.0 and we will be able to do an exchange into the "new bitcoin"

Those who think that mining will prevent it, I present two facts to consider:
1. As most mining manufacturers are mining by themselves instead of selling miners to individuals, most mining will be concentrated in 3-4 major players (at best). it is easy for a few large players to switch to a new compatible coin.
2. Paycoin experience shows that miners are a fickle bunch. As long as you allow them to easily switch to a more lucrative coin (where they can get more $$ RIGHT NOW), they would do so, as long as their miner is compatible.

I feel no empathy for the miners for their expensive ASICs that will become worthless if we changed the protocol accordingly. The only thing that has any value in any debate about bitcoin's future is the number of coins you have because you can sign your opinion/vote with the private key to your coins and we can calculate the sum of votes in a democratic way. That said, I'd prefer to see bitcoin evolving and competing rather than stagnating.

Bitcoin should switch to PoS mining because then miners and stakeholders would be the same people and it would help to come to a consensus with much less effort in the future. Stakeholders would then be the owners of Bitcoin and it would solve every fucking problem we currently have due to not having a clear authority to decide which way to go.

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June 05, 2015, 01:18:18 AM
 #33

I'm slowly getting worried that even though BTC will perform very well this year it will not be because bitcoin is so awesome and its opponents suddenly start to see the light but instead because some large scale shit will happen that brings down the conventional markets. When bad things start to happen they will happen all at once. Yes your bitcoins will be worth millions of dollars but at what cost? at what cost?

The world's major powers (USA, EU, Japan) have never been more united in keeping this carnival going. I'm not worried about a 2015 collapse.

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June 05, 2015, 01:29:11 AM
 #34

I'm slowly getting worried that even though BTC will perform very well this year it will not be because bitcoin is so awesome and its opponents suddenly start to see the light but instead because some large scale shit will happen that brings down the conventional markets. When bad things start to happen they will happen all at once. Yes your bitcoins will be worth millions of dollars but at what cost? at what cost?

The world's major powers (USA, EU, Japan) have never been more united in keeping this carnival going. I'm not worried about a 2015 collapse.

Some things already had a sharp decline: oil, gold stocks (70-80% decline in the last 3-4 years), bitcoin.
Bonds (TLT) already corrected 14% from the peak. Germany's bunds are in sharp decline (although only for about a mo)
All that remains are stocks and RE. For how long?
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June 05, 2015, 01:46:10 AM
 #35

I'm slowly getting worried that even though BTC will perform very well this year it will not be because bitcoin is so awesome and its opponents suddenly start to see the light but instead because some large scale shit will happen that brings down the conventional markets. When bad things start to happen they will happen all at once. Yes your bitcoins will be worth millions of dollars but at what cost? at what cost?

The world's major powers (USA, EU, Japan) have never been more united in keeping this carnival going. I'm not worried about a 2015 collapse.

If USA enters another war they will collapse.

And things are bad in middle east and in other parts of the world.

And the debt is over 18 trillion dollar, so I can't say that US is doing everything to keep the carnival doing forever
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June 05, 2015, 02:46:34 PM
 #36

I'm slowly getting worried that even though BTC will perform very well this year it will not be because bitcoin is so awesome and its opponents suddenly start to see the light but instead because some large scale shit will happen that brings down the conventional markets. When bad things start to happen they will happen all at once. Yes your bitcoins will be worth millions of dollars but at what cost? at what cost?

The world's major powers (USA, EU, Japan) have never been more united in keeping this carnival going. I'm not worried about a 2015 collapse.

If USA enters another war they will collapse.

And things are bad in middle east and in other parts of the world.

And the debt is over 18 trillion dollar, so I can't say that US is doing everything to keep the carnival doing forever

The US, UK and Japanese debts are an illusion to a certain extent, because a significant % of the debt are owned by the respective central banks.

Thus 30-40% of the debt is circular and is just money printing.

That is just what we know about. Don't forget foreign central banks buy other countries debt as well.

Think about it Smiley
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June 05, 2015, 03:21:20 PM
 #37

Nice thread inca - one of my absolute favourite posters here on bitcointalk.
I've been buying regularly and HODLING for a long time now like yourself & I truly believe that something is bubbling under the surface at the moment.
Whether a breakout occurs in the next few months or next year near the halving I don't know but it's pretty obvious imo that we'll enter another bubble.
I hope everybody is ready because it's going to be a hell of a ride, just make sure you don't miss this train people, it might only stop once Smiley

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June 05, 2015, 05:51:50 PM
 #38

There are always FUDsters about but I can't help feeling bullish long term. Yes it may go down and this is very realistic and understandable with the amount of coins going on to the market each day but with the price staying fairly stable it shows btc here to stay.

Keep on buying.
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June 05, 2015, 06:30:32 PM
 #39

There are always FUDsters about but I can't help feeling bullish long term. Yes it may go down and this is very realistic and understandable with the amount of coins going on to the market each day but with the price staying fairly stable it shows btc here to stay.

Keep on buying.


This exactly...every day the price stays stable, that means 3600 more bitcoins were bought than sold. As more halvings occur, this downward pressure will be less and less. I don't anticipate bitcoin going to the moon anytime soon, but there's a lot more to it than just the price.

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June 05, 2015, 08:35:26 PM
 #40

I'm slowly getting worried that even though BTC will perform very well this year it will not be because bitcoin is so awesome and its opponents suddenly start to see the light but instead because some large scale shit will happen that brings down the conventional markets. When bad things start to happen they will happen all at once. Yes your bitcoins will be worth millions of dollars but at what cost? at what cost?

The world's major powers (USA, EU, Japan) have never been more united in keeping this carnival going. I'm not worried about a 2015 collapse.

If USA enters another war they will collapse.

And things are bad in middle east and in other parts of the world.

And the debt is over 18 trillion dollar, so I can't say that US is doing everything to keep the carnival doing forever

The US, UK and Japanese debts are an illusion to a certain extent, because a significant % of the debt are owned by the respective central banks.

Thus 30-40% of the debt is circular and is just money printing.

That is just what we know about. Don't forget foreign central banks buy other countries debt as well.

Think about it Smiley

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