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Author Topic: Every pattern has been broken. All fates have changed.  (Read 2426 times)
jehst
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June 04, 2015, 11:27:43 PM
 #1

1. Bitcoin never goes below its previous all-time high after a big rally. ($266)

2. Bitcoin rallies every XXX days.

3. Bitcoin rallies whenever the 3D or 1W MACD turn green.

4. Bitcoin rallies when it's been stable for XXX days.

5. If you hold bitcoin for 2 years, it'll always be higher. (became false in April 2015)

You name it. Every pattern is broken. There are no more clever facts left. No more talking points. No more s-curves going vertical and no more quips. Now there is only reality. What reality? The reality that bitcoin is making good progress but there is lax demand. The road ahead may be much longer than any of us have imagined.

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Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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June 05, 2015, 12:04:15 AM
 #2

Yup, that was all hocus pocus empiricism, anyway. The story I'm interested in is:

1. Mainstream financial institutions getting interested in bitcoin as a zero-trust alternative to an obsolete, debt-ridden counterparty system
2. The rest of the stupidly leveraged fiat economy warming up to disappear up it's own rear

So unless the technology fails I'm pretty happy with holding.

Except for the fact that there is a big drop coming. Unless there isn't? Who knows? I don't, and I don't care, either =D







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June 05, 2015, 12:11:06 AM
 #3

You can consider the technology already failed horribly as it has been surpassed by several altcoins on every aspect that is important for mainstream adoption.

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jehst
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June 05, 2015, 12:24:57 AM
 #4

Yup, that was all hocus pocus empiricism, anyway. The story I'm interested in is:

1. Mainstream financial institutions getting interested in bitcoin as a zero-trust alternative to an obsolete, debt-ridden counterparty system
2. The rest of the stupidly leveraged fiat economy warming up to disappear up it's own rear

So unless the technology fails I'm pretty happy with holding.

Except for the fact that there is a big drop coming. Unless there isn't? Who knows? I don't, and I don't care, either =D








There aren't many of us left. These forums are about as active as they were in 2011.

Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
ssmc2
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June 05, 2015, 12:26:51 AM
 #5

Yup, that was all hocus pocus empiricism, anyway. The story I'm interested in is:

1. Mainstream financial institutions getting interested in bitcoin as a zero-trust alternative to an obsolete, debt-ridden counterparty system
2. The rest of the stupidly leveraged fiat economy warming up to disappear up it's own rear

So unless the technology fails I'm pretty happy with holding.

Except for the fact that there is a big drop coming. Unless there isn't? Who knows? I don't, and I don't care, either =D








There aren't many of us left. These forums are about as active as they were in 2011.

This is a good thing.
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June 05, 2015, 12:28:19 AM
 #6

Yup, that was all hocus pocus empiricism, anyway. The story I'm interested in is:

1. Mainstream financial institutions getting interested in bitcoin as a zero-trust alternative to an obsolete, debt-ridden counterparty system
2. The rest of the stupidly leveraged fiat economy warming up to disappear up it's own rear

So unless the technology fails I'm pretty happy with holding.

Except for the fact that there is a big drop coming. Unless there isn't? Who knows? I don't, and I don't care, either =D








There aren't many of us left. These forums are about as active as they were in 2011.

I disagree.

The marketplace, at least, has much more movement than in 2011(if there was a marketplace at all in 2011)
jehst
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June 05, 2015, 12:57:01 AM
 #7

Yup, that was all hocus pocus empiricism, anyway. The story I'm interested in is:

1. Mainstream financial institutions getting interested in bitcoin as a zero-trust alternative to an obsolete, debt-ridden counterparty system
2. The rest of the stupidly leveraged fiat economy warming up to disappear up it's own rear

So unless the technology fails I'm pretty happy with holding.

Except for the fact that there is a big drop coming. Unless there isn't? Who knows? I don't, and I don't care, either =D








There aren't many of us left. These forums are about as active as they were in 2011.

I disagree.

The marketplace, at least, has much more movement than in 2011(if there was a marketplace at all in 2011)

I just poked my head in there. Bunch of junk.

Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
knight22
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--------------->¿?


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June 05, 2015, 02:49:12 AM
 #8

Yup, that was all hocus pocus empiricism, anyway. The story I'm interested in is:

1. Mainstream financial institutions getting interested in bitcoin as a zero-trust alternative to an obsolete, debt-ridden counterparty system
2. The rest of the stupidly leveraged fiat economy warming up to disappear up it's own rear

So unless the technology fails I'm pretty happy with holding.

Except for the fact that there is a big drop coming. Unless there isn't? Who knows? I don't, and I don't care, either =D


There aren't many of us left. These forums are about as active as they were in 2011.

Simple statistics prove you wrong. https://bitcointalk.org/index.php?action=stats

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June 05, 2015, 03:09:34 AM
 #9

You can consider the technology already failed horribly as it has been surpassed by several altcoins on every aspect that is important for mainstream adoption.
It's the network not the bla-coins. No alt can hold a candle to btc network right now.

Looking to review Bitcoin / Crypto mining Hardware.
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June 05, 2015, 03:47:11 AM
 #10

Trollthread /end
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June 05, 2015, 07:49:12 AM
 #11

You can consider the technology already failed horribly as it has been surpassed by several altcoins on every aspect that is important for mainstream adoption.

and where are those alt now? they have even a worst position than bitcoin, and mine are just faded away, not worth a pennies, all died

the truth is that despite their new offering in terms of technology, they are still a mere clone of bitcoin, pure testing, see them as that...
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June 05, 2015, 11:39:15 AM
 #12

1. Bitcoin never goes below its previous all-time high after a big rally. ($266)

2. Bitcoin rallies every XXX days.

3. Bitcoin rallies whenever the 3D or 1W MACD turn green.

4. Bitcoin rallies when it's been stable for XXX days.

5. If you hold bitcoin for 2 years, it'll always be higher. (became false in April 2015)

You name it. Every pattern is broken. There are no more clever facts left. No more talking points. No more s-curves going vertical and no more quips. Now there is only reality. What reality? The reality that bitcoin is making good progress but there is lax demand. The road ahead may be much longer than any of us have imagined.

6. Bitcoin is not predictable and cant be put in some panthers.


Here i gave you one rule, that will not get broken so fast.

.BitDice.               ▄▄███▄▄
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[/]
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June 05, 2015, 11:57:04 AM
 #13

Except for the fact that there is a big drop coming. Unless there isn't? Who knows? I don't, and I don't care, either =D

I need you to say that to confirm the piss-in-your-pants capitulation bottom is not yet in.

It's the network not the bla-coins. No alt can hold a candle to btc network right now.

Until the network hashrate becomes irrelevant in some alt.

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June 05, 2015, 12:03:38 PM
 #14

You can consider the technology already failed horribly as it has been surpassed by several altcoins on every aspect that is important for mainstream adoption.

If so, then why are you still here? Go play in the altcoin section if you so wish. Bitcoin technology hasn't even started with showing its power.

Beside that, the blockchain as technology will enjoy adoption by banks and other companies. So tell me, what exactly is failed  Smiley

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June 05, 2015, 12:20:38 PM
 #15

You can consider the technology already failed horribly as it has been surpassed by several altcoins on every aspect that is important for mainstream adoption.

If so, then why are you still here? Go play in the altcoin section if you so wish. Bitcoin technology hasn't even started with showing its power.

Beside that, the blockchain as technology will enjoy adoption by banks and other companies. So tell me, what exactly is failed  Smiley


I'm here to spread awareness in that bitcoin needs to adapt in order to survive and that people will not make horrible mistakes with their hard earned money.

Altcoins are important as experiments of new ideas, but when an idea is sound and proves to be adding significantly to the technology it should be adapted by bitcoin asap in order to not lose the first mover advantage. Sure it has the network effect behind it now, what do you think new coins will get that bring features that speak even more to the average Joe and industry, that's right, an even stronger network effect.

If we want bitcoin, as a currency and its own blockchain, to be successful, things need to change on several levels i think.

Many of us have too much invested (not just talking holing btc here...) to let it fade away so easily without giving a kick, hoping somebody else will do or say something..

14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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June 05, 2015, 12:40:18 PM
 #16

You can consider the technology already failed horribly as it has been surpassed by several altcoins on every aspect that is important for mainstream adoption.

If so, then why are you still here? Go play in the altcoin section if you so wish. Bitcoin technology hasn't even started with showing its power.

Beside that, the blockchain as technology will enjoy adoption by banks and other companies. So tell me, what exactly is failed  Smiley


I'm here to spread awareness in that bitcoin needs to adapt in order to survive and that people will not make horrible mistakes with their hard earned money.

Altcoins are important as experiments of new ideas, but when an idea is sound and proves to be adding significantly to the technology it should be adapted by bitcoin asap in order to not lose the first mover advantage. Sure it has the network effect behind it now, what do you think new coins will get that bring features that speak even more to the average Joe and industry, that's right, an even stronger network effect.

If we want bitcoin, as a currency and its own blockchain, to be successful, things need to change on several levels i think.

Many of us have too much invested (not just talking holing btc here...) to let it fade away so easily without giving a kick, hoping somebody else will do or say something..

I understand all that, but why is it needed to add gimmick features which most of the altcoins have and we don't really need?

What Bitcoin needs right now for better adoption is faster confirmation times, and larger blocks. The latter has had plenty enough coverage in this forum and will definitely be implemented.

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June 05, 2015, 02:05:45 PM
 #17

Hahaha trolls trolling trolls
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June 05, 2015, 02:14:20 PM
 #18

It's difficult to apply patterns on Bitcoin- there are many good, but also many bad events.

I honestly have no idea where we're headed right now.
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June 07, 2015, 01:30:57 AM
 #19

You can consider the technology already failed horribly as it has been surpassed by several altcoins on every aspect that is important for mainstream adoption.
I don't see things that way. There are other coins I prefer, such as Dash, but there are so many other cutting edge crypto technologies emerging I don't pretend to be able to keep up with them. Bitcoin is still the largest network by far, and looks like it's heading towards a more establishment future with ownership ledgers based on the blockchain and other technology start-ups aiming to dismantle visa and mastercard's duopoly. This is not the anonymous digital cash which people originally thought it was, so if you want to get off the grid, pick your alt, that rabbit's out of the hat and won't be going back in. That was never that large a market anyway, so speculating on bitcoin from the  perspective is over, yes.

The mainstream financial system, however, is not long for this world in my opinion, and bitcoin is entirely ahead of anything else to replace it. This also addresses some of the centralised mining issues and 51% attacks which bitcoin isn't optimised for, because that's not a problem for the financial services sector, you already have a tradition of many large data centres distributed globally across different corporations and nations.

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June 07, 2015, 02:05:32 AM
 #20

Bitcoin needs a very important innovation, that is: no Gavin
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