The Bullish Bitcoin Media Center (The ONLY Bullish Bitcoin News Thread)

[Fakhoury]

News URL : https://cointelegraph.com/news/2017-the-year-bitcoin-finally-breaks-free

[Fakhoury]

News URL : https://cointelegraph.com/news/scaling-in-2017-coinbases-brian-armstrong-lends-support-to-segwit

[Fakhoury]

News URL : https://cointelegraph.com/news/hope-is-priceless-why-bitcoins-1000-value-matters

[Fakhoury]

News URL : http://www.newsbtc.com/2017/01/06/cardless-atm-fraud-fueled-insecure-bank-countermeasures/

[JayJuanGee]

 

Fakhoury....how can a high price be seen soon without a bubble?

This confuses me.

Thanks my friend.

To go up brother, it can be done in two ways.

Either we go into bubble/bust (fast) or we go steady growth (slow).

There are people who prefer bubble/bust like Xapo CEO and others prefer steady growth like Vinny Lingham and me.

Although steady growth is slow, but it's guaranteed in terms of high prices and their stability.

That's it

N.B. : I'm trying to get my brother (afbitcoins) in the talking because used to learn from him and still learning, maybe he have something to add.

You are most welcome

I personally believe that slow and steady is not really possible (I mean it is possible like an outlier 1 in 1000), and the most likely scenario is lots of continued volatility.   Bitcoin remains controversial, a relatively small market cap, a whole hell-of-a-lot of use cases, networking effects, disputes regarding it's value, and probably a lot more that causes bitcoin's price to be a recipe for ongoing volatility and continuous overshooting of actual objective value (to the extent that exists in a world of humans)

I meant around 2x-4x increase per year

Call me a nay sayer, but I really don't think that bitcoin works like that, and for the reasons that I already mentioned volatility is going to continue to be in our most likely near term future... whether that volatility is up down or sideways on average.  There may be some years with really great growth and other years with mediocre growth.  I don't think that you can really achieve steady, even if you are describing that as an exponential kind of steady that ranges between 2x to 4x.. It just seems like too unlikely of a scenario (even though it is in the realm of possibilities, it is like less than a 5% chance that something like that could play out, in my humble bumble opinion).  Now on the other hand, 10 years down the road, we may describe an average that ends up being within the range that you describe, I doubt that the year to year performance is going to be anything steady and sure like that.

[JayJuanGee]

Slow and steady probably the best.

 

Fakhoury....how can a high price be seen soon without a bubble?

This confuses me.

Thanks my friend.

To go up brother, it can be done in two ways.

Either we go into bubble/bust (fast) or we go steady growth (slow).

There are people who prefer bubble/bust like Xapo CEO and others prefer steady growth like Vinny Lingham and me.

Although steady growth is slow, but it's guaranteed in terms of high prices and their stability.

That's it

N.B. : I'm trying to get my brother (afbitcoins) in the talking because used to learn from him and still learning, maybe he have something to add.

You are most welcome

I personally believe that slow and steady is not really possible (I mean it is possible like an outlier 1 in 1000), and the most likely scenario is lots of continued volatility.   Bitcoin remains controversial, a relatively small market cap, a whole hell-of-a-lot of use cases, networking effects, disputes regarding it's value, and probably a lot more that causes bitcoin's price to be a recipe for ongoing volatility and continuous overshooting of actual objective value (to the extent that exists in a world of humans)

I meant around 2x-4x increase per year

Call me a nay sayer, but I really don't think that bitcoin works like that, and for the reasons that I already mentioned volatility is going to continue to be in our most likely near term future... whether that volatility is up down or sideways on average.  There may be some years with really great growth and other years with mediocre growth.  I don't think that you can really achieve steady, even if you are describing that as an exponential kind of steady that ranges between 2x to 4x.. It just seems like too unlikely of a scenario (even though it is in the realm of possibilities, it is like less than a 5% chance that something like that could play out, in my humble bumble opinion).  Now on the other hand, 10 years down the road, we may describe an average that ends up being within the range that you describe, I doubt that the year to year performance is going to be anything steady and sure like that.

It does not matter if slow and steady is the best or not.  Markets just do not work like that, and especially bitcoin and especially if you look at bitcoin's history.

It is possible that once bitcoin starts approaching half a trillion dollar or a trillion dollar market cap, then there will become a lot less volatility because it becomes a lot more difficult to move the market with higher levels of capital that are required to be able to move the market.  In the past 6 months, we have been bouncing around between an $8billion and $19billion market cap, depending on whether prices are up or down at the time, and we are not even close to having any kind of decent (less manipulative) level of market cap that would require at least a 20x increase in today's price, and more reasonably at least a 50x increase in today's price to start to reasonably expect less volatility.

So it does not really matter what you wish or prefer, there is quite a lot of incentive for rich folks to push bitcoin's price in one direction or the other and to make a lot of profits, and fairly easy to do with smaller market cap assets such as bitcoin (and there are other reasons to manipulate bitcoin - and cause volatility as well, including political reasons).  

Part of my point is not to argue with your preferred future, but to assert that non-volatility is almost a pipe dream with a pretty low likelihood of taking place, and accordingly, it is better for any investors into bitcoin to have a mind-set that already recognizes the more likely scenarios rather than hoping for something that has a pretty low likelihood of occurring (even though it is in the realm of possibilities - extremely low).  In other words, if you are hoping for the less likely scenario of no volatility, you are very likely to be disappointed (more than 95% likely... as I already mentioned..).

[Fakhoury]

 

Fakhoury....how can a high price be seen soon without a bubble?

This confuses me.

Thanks my friend.

To go up brother, it can be done in two ways.

Either we go into bubble/bust (fast) or we go steady growth (slow).

There are people who prefer bubble/bust like Xapo CEO and others prefer steady growth like Vinny Lingham and me.

Although steady growth is slow, but it's guaranteed in terms of high prices and their stability.

That's it

N.B. : I'm trying to get my brother (afbitcoins) in the talking because used to learn from him and still learning, maybe he have something to add.

You are most welcome

I personally believe that slow and steady is not really possible (I mean it is possible like an outlier 1 in 1000), and the most likely scenario is lots of continued volatility.   Bitcoin remains controversial, a relatively small market cap, a whole hell-of-a-lot of use cases, networking effects, disputes regarding it's value, and probably a lot more that causes bitcoin's price to be a recipe for ongoing volatility and continuous overshooting of actual objective value (to the extent that exists in a world of humans)

I meant around 2x-4x increase per year

Call me a nay sayer, but I really don't think that bitcoin works like that, and for the reasons that I already mentioned volatility is going to continue to be in our most likely near term future... whether that volatility is up down or sideways on average.  There may be some years with really great growth and other years with mediocre growth.  I don't think that you can really achieve steady, even if you are describing that as an exponential kind of steady that ranges between 2x to 4x.. It just seems like too unlikely of a scenario (even though it is in the realm of possibilities, it is like less than a 5% chance that something like that could play out, in my humble bumble opinion).  Now on the other hand, 10 years down the road, we may describe an average that ends up being within the range that you describe, I doubt that the year to year performance is going to be anything steady and sure like that.

I won't ever never call you a Naysayer brother, although we don't agree much but you've from all love and respect and our PMs could witness on this

I agree with you that years we will have great growth and year won't, but in general, the trend is upwards.

I recommend you to watch Clif High video I've posted few days back to know where we are heading this year

[Fakhoury]

News URL : https://cointelegraph.com/news/wyre-ceo-bitcoin-to-replace-gold-in-20-years-becoming-new-reserve-currency

[Fakhoury]

News URL : https://cointelegraph.com/news/chinese-traders-create-lopsided-bitcoin-market-investors-ready-to-take-higher-risks

[Fakhoury]

News URL : https://cointelegraph.com/news/should-you-buy-or-sell-bitcoin-now-wait-for-trump-card

[Fakhoury]

News URL : https://www.cryptocoinsnews.com/cumbria-prof-bitcoin-here-to-stay/

[Fakhoury]

News URL : https://www.cryptocoinsnews.com/indias-bitcoin-google-searches-hit-time-high/

[Fakhoury]

News URL : https://www.cryptocoinsnews.com/study-bitcoin-hedges-global-uncertainty/

[Fakhoury]

News URL : http://www.oftwominds.com/blogjan17/USD-bitcoin1-17.html

[Fakhoury]

News URL : https://twitter.com/barrysilbert/status/818583579915681794

[Fakhoury]

News URL : http://www.newsbtc.com/2017/01/08/chinas-financial-reserves-approach-dangerously-low-level/

[Fakhoury]

News URL : http://www.newsbtc.com/2017/01/09/venezuela-hikes-minimum-wage-good-news-bitcoin/

[Fakhoury]

News URL : http://www.newsbtc.com/2017/01/09/chinese-regulators-feel-the-heat-from-bitcoin/

[Fakhoury]

News URL : http://www.newsbtc.com/2017/01/09/pboc-stifles-yuans-growth-affect-recovery-boost-bitcoin/

[Fakhoury]

News URL : http://www.newsbtc.com/2017/01/08/bitcoin-not-just-safe-secure-healthy-currency/