Bitcoin Forum
December 14, 2017, 09:05:28 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 [224] 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 ... 276 »
  Print  
Author Topic: The Bullish Bitcoin Media Center (The ONLY Bullish Bitcoin News Thread)  (Read 253109 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
Fakhoury
Legendary
*
Offline Offline

Activity: 1022


Permabull Bitcoin Investor


View Profile
January 10, 2017, 03:14:58 PM


News URL : http://energyskeptic.com/2017/nicole-foss-negative-interest-rates-and-the-war-on-cash/

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I知 sure that in 20 years there will either be very large transaction volume or no volume.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513242328
Hero Member
*
Offline Offline

Posts: 1513242328

View Profile Personal Message (Offline)

Ignore
1513242328
Reply with quote  #2

1513242328
Report to moderator
Fakhoury
Legendary
*
Offline Offline

Activity: 1022


Permabull Bitcoin Investor


View Profile
January 10, 2017, 03:17:04 PM

 

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 Wink

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 Smiley


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 Smiley

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 Smiley

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 Wink


We agree that the most likely trend for bitcoin is up but for differing reasons and probably a little bit different details about how many ups and downs may be in the road from point A to point B, yet I think that it is healthy to have differing viewpoints.

 I do tend to be bullish about bitcoin in a kind cautionary way.. which may have to do with my upbringing... and my many years of experiencing difficult obstacles.... hahahaha   Wink Cheesy

What I want now is to hover above the $1K, although we didn't reach the first half of the first month of 2017, but I'm looking forward for the $3-3.3K Cheesy Cheesy Grin Grin


Sorry Fakhoury my friend but I thought I'd pull you up on your spelling error. You mean $33k sir!

Don't apologize my brother, it's OK Wink

It will go there and pass that limit, but no way this year brother, even if it does, this will extremely harm Bitcoin.

This is will a mega bubble and I hate bubbles.

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I知 sure that in 20 years there will either be very large transaction volume or no volume.
Fakhoury
Legendary
*
Offline Offline

Activity: 1022


Permabull Bitcoin Investor


View Profile
January 10, 2017, 03:21:02 PM


News URL : http://video.cnbc.com/gallery/?video=3000582735

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I知 sure that in 20 years there will either be very large transaction volume or no volume.
Fakhoury
Legendary
*
Offline Offline

Activity: 1022


Permabull Bitcoin Investor


View Profile
January 10, 2017, 03:21:44 PM


News URL : https://www.deepdotweb.com/2017/01/10/new-proof-work-mechanism-can-shield-bitcoin-blockchain-51-attack/

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I知 sure that in 20 years there will either be very large transaction volume or no volume.
Fakhoury
Legendary
*
Offline Offline

Activity: 1022


Permabull Bitcoin Investor


View Profile
January 10, 2017, 03:26:48 PM


News URL : http://darknetmarkets.com/time-face-reality-2017/

Credits : https://www.reddit.com/r/Bitcoin/comments/5n402w/time_to_face_reality_in_2017/

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I知 sure that in 20 years there will either be very large transaction volume or no volume.
Fakhoury
Legendary
*
Offline Offline

Activity: 1022


Permabull Bitcoin Investor


View Profile
January 10, 2017, 03:36:22 PM


News URL : https://www.cryptocoinsnews.com/beijing-news-vulnerable-monetary-system-led-to-bitcoins-growth/

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I知 sure that in 20 years there will either be very large transaction volume or no volume.
Fakhoury
Legendary
*
Offline Offline

Activity: 1022


Permabull Bitcoin Investor


View Profile
January 10, 2017, 03:41:47 PM


News URL : https://cointelegraph.com/news/startup-creates-own-coin-to-educate-nigerians-about-blockchain-and-cryptocurrency

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I知 sure that in 20 years there will either be very large transaction volume or no volume.
Fakhoury
Legendary
*
Offline Offline

Activity: 1022


Permabull Bitcoin Investor


View Profile
January 10, 2017, 03:43:15 PM


News URL : https://cointelegraph.com/news/banking-on-bitcoin-film-released-in-hopes-of-attracting-millions-of-new-users

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I知 sure that in 20 years there will either be very large transaction volume or no volume.
Fakhoury
Legendary
*
Offline Offline

Activity: 1022


Permabull Bitcoin Investor


View Profile
January 10, 2017, 03:52:01 PM


News URL : https://news.bitcoin.com/chinas-smart-money-staying-bitcoin/

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I知 sure that in 20 years there will either be very large transaction volume or no volume.
Fakhoury
Legendary
*
Offline Offline

Activity: 1022


Permabull Bitcoin Investor


View Profile
January 10, 2017, 03:53:25 PM


News URL : https://news.bitcoin.com/venezuelans-bitcoin-financial-hardships/

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I知 sure that in 20 years there will either be very large transaction volume or no volume.
Fakhoury
Legendary
*
Offline Offline

Activity: 1022


Permabull Bitcoin Investor


View Profile
January 10, 2017, 03:58:24 PM


News URL : https://news.bitcoin.com/kickstarter-backed-board-game-bitcoin-empire-ships/

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I知 sure that in 20 years there will either be very large transaction volume or no volume.
hacknoid
Sr. Member
****
Offline Offline

Activity: 415


Proud Canuck


View Profile WWW
January 10, 2017, 04:34:01 PM

Sorry Fakhoury my friend but I thought I'd pull you up on your spelling error. You mean $33k sir!

Don't apologize my brother, it's OK Wink

It will go there and pass that limit, but no way this year brother, even if it does, this will extremely harm Bitcoin.

This is will a mega bubble and I hate bubbles.

I agree with you Fak - I hate the notion of bubbles too, but I think they are unavoidable as new users are ushered in and feel the same rush that we all felt when we started with Bitcoin.  But to that end, check out this:

https://medium.com/@coinscrum/the-fractal-relationship-between-bitcoins-first-two-bubbles-and-what-they-might-tell-us-about-a-7c8df5fb9613#.g21hqf8fn



Some pretty intriguing ideas on the cycle theory!


BitcoinRunner : Side scroller game powered entirely by Bitcoin! 
Game (alpha): http://hacknoid.ca/bitcoinrunner
Discussion: https://bitcointalk.org/index.php?topic=907618.0
Fakhoury
Legendary
*
Offline Offline

Activity: 1022


Permabull Bitcoin Investor


View Profile
January 10, 2017, 04:37:11 PM


News URL : http://www.forbes.com/sites/laurashin/2017/01/10/what-is-one-of-the-worlds-largest-derivatives-exchanges-doing-with-bitcoin/#15eb4ff24162

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I知 sure that in 20 years there will either be very large transaction volume or no volume.
Fakhoury
Legendary
*
Offline Offline

Activity: 1022


Permabull Bitcoin Investor


View Profile
January 10, 2017, 04:41:24 PM

Sorry Fakhoury my friend but I thought I'd pull you up on your spelling error. You mean $33k sir!

Don't apologize my brother, it's OK Wink

It will go there and pass that limit, but no way this year brother, even if it does, this will extremely harm Bitcoin.

This is will a mega bubble and I hate bubbles.

I agree with you Fak - I hate the notion of bubbles too, but I think they are unavoidable as new users are ushered in and feel the same rush that we all felt when we started with Bitcoin.  But to that end, check out this:

https://medium.com/@coinscrum/the-fractal-relationship-between-bitcoins-first-two-bubbles-and-what-they-might-tell-us-about-a-7c8df5fb9613#.g21hqf8fn



Some pretty intriguing ideas on the cycle theory!



I agree with you brother, but what bothered me in that blog post is that the OP said it's "just for laughs", it really pissed me off.

I'm the one who I should ask you now, as you are into bubble analysis, does what the OP said, is feasible ?

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I知 sure that in 20 years there will either be very large transaction volume or no volume.
Fakhoury
Legendary
*
Offline Offline

Activity: 1022


Permabull Bitcoin Investor


View Profile
January 10, 2017, 04:51:54 PM


News URL : http://blockgeeks.com/guides/how-to-buy-bitcoin/

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I知 sure that in 20 years there will either be very large transaction volume or no volume.
Fakhoury
Legendary
*
Offline Offline

Activity: 1022


Permabull Bitcoin Investor


View Profile
January 10, 2017, 04:54:44 PM


News URL : https://www.reddit.com/r/Bitcoin/comments/5n3imo/localbitcoins_another_week_of_record_trx_volumes/

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I知 sure that in 20 years there will either be very large transaction volume or no volume.
hacknoid
Sr. Member
****
Offline Offline

Activity: 415


Proud Canuck


View Profile WWW
January 10, 2017, 05:23:15 PM

Sorry Fakhoury my friend but I thought I'd pull you up on your spelling error. You mean $33k sir!

Don't apologize my brother, it's OK Wink

It will go there and pass that limit, but no way this year brother, even if it does, this will extremely harm Bitcoin.

This is will a mega bubble and I hate bubbles.

I agree with you Fak - I hate the notion of bubbles too, but I think they are unavoidable as new users are ushered in and feel the same rush that we all felt when we started with Bitcoin.  But to that end, check out this:

https://medium.com/@coinscrum/the-fractal-relationship-between-bitcoins-first-two-bubbles-and-what-they-might-tell-us-about-a-7c8df5fb9613#.g21hqf8fn



Some pretty intriguing ideas on the cycle theory!



I agree with you brother, but what bothered me in that blog post is that the OP said it's "just for laughs", it really pissed me off.

I agree, but my suspicion is the reason he said that is so that people would not wager their hard-earned saving expecting that that is what would happen, rather than just what might happen.  I get the same feeling - when I post cycle graphs and show how BTC looks like it's following the same path again, I am aware that there are no guarantees, but I don't know if everybody is.  I worry someone will take cycles as literal then if they lose money come looking for someone to blame!


Quote
I'm the one who I should ask you now, as you are into bubble analysis, does what the OP said, is feasible ?

Short answer - I say yes, definitely feasible.

Longer answer - from what I have seen, I think there definitely are fractal formations in Bitcoin prices, and as long as it remains an unregulated market, I think cycles will repeat.  He presents a well thought out case on repeating patterns, some of which I have found as well.  I am not educated on the formal Elliot-wave theory, so can't say for sure, but given his time frame and price ranges/increase, I say quite possible.

BitcoinRunner : Side scroller game powered entirely by Bitcoin! 
Game (alpha): http://hacknoid.ca/bitcoinrunner
Discussion: https://bitcointalk.org/index.php?topic=907618.0
Fakhoury
Legendary
*
Offline Offline

Activity: 1022


Permabull Bitcoin Investor


View Profile
January 10, 2017, 07:05:08 PM

Sorry Fakhoury my friend but I thought I'd pull you up on your spelling error. You mean $33k sir!

Don't apologize my brother, it's OK Wink

It will go there and pass that limit, but no way this year brother, even if it does, this will extremely harm Bitcoin.

This is will a mega bubble and I hate bubbles.

I agree with you Fak - I hate the notion of bubbles too, but I think they are unavoidable as new users are ushered in and feel the same rush that we all felt when we started with Bitcoin.  But to that end, check out this:

https://medium.com/@coinscrum/the-fractal-relationship-between-bitcoins-first-two-bubbles-and-what-they-might-tell-us-about-a-7c8df5fb9613#.g21hqf8fn



Some pretty intriguing ideas on the cycle theory!



I agree with you brother, but what bothered me in that blog post is that the OP said it's "just for laughs", it really pissed me off.

I agree, but my suspicion is the reason he said that is so that people would not wager their hard-earned saving expecting that that is what would happen, rather than just what might happen.  I get the same feeling - when I post cycle graphs and show how BTC looks like it's following the same path again, I am aware that there are no guarantees, but I don't know if everybody is.  I worry someone will take cycles as literal then if they lose money come looking for someone to blame!


Quote
I'm the one who I should ask you now, as you are into bubble analysis, does what the OP said, is feasible ?

Short answer - I say yes, definitely feasible.

Longer answer - from what I have seen, I think there definitely are fractal formations in Bitcoin prices, and as long as it remains an unregulated market, I think cycles will repeat.  He presents a well thought out case on repeating patterns, some of which I have found as well.  I am not educated on the formal Elliot-wave theory, so can't say for sure, but given his time frame and price ranges/increase, I say quite possible.


All what you've said makes sense, I agree.

Another question please, 2x-4x per year, feasible ?

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I知 sure that in 20 years there will either be very large transaction volume or no volume.
JayJuanGee
Legendary
*
Offline Offline

Activity: 1372


Put BTC here: 1GSwznUNG4co5rS3ctmRgtYGcWiHAnwAyj


View Profile
January 10, 2017, 09:41:56 PM


It is interesting to continue to witness some of the hostility, confusion, and seemingly misinformation in the mainstream media towards bitcoin.

Adam White (from Coinbase) doesn't really do very well in that video interview in reframing the hostility away from bitcoin.

Sure, he makes several good points, but those good points seem to become lost in the fray, and there seemed to be a lot of perpetuation of misconceptions and misinformation by the hosts, whether intentional or not.

So, in other words, some folks seem to be so skeptical of bitcoin that they are going to end up chasing the bitcoin train at $3k and above.. dumb asses.     

By the way, even if some of these bitcoin skeptics are scared of bitcoin, its volatility and adoption, they can still consider whether making 1% investment towards bitcoin might not be prudent in terms of diversification of their finances (and hedging, possibly)..

Surely, we are going to witness some of these bitcoin skeptic folks evolve in their thinking in the coming years, no?

rjclarke2000
Legendary
*
Offline Offline

Activity: 1078



View Profile
January 10, 2017, 10:58:24 PM

I am not so sure. The older ones are hard to budge.

I personally think the new money will come in over the next few years from young people with fresh thinking and open minds. The school kids now who are beginning to think about going out in to the working world.

The oldies die off and the youngsters become of age (with regards to btc)
Pages: « 1 ... 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 [224] 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 ... 276 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!