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

[Fakhoury]

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

[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

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   

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

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

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.

[Fakhoury]

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

[Fakhoury]

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

[Fakhoury]

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

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

[Fakhoury]

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

[Fakhoury]

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

[Fakhoury]

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

[Fakhoury]

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

[Fakhoury]

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

[Fakhoury]

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

[hacknoid]

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

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!

[Fakhoury]

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

[Fakhoury]

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

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 ?

[Fakhoury]

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

[Fakhoury]

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

[hacknoid]

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

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!

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.

[Fakhoury]

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

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!

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 ?

[JayJuanGee]

https://i.gyazo.com/4d0af82967581a4c43ba8f7214377fad.png[/img]

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

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]

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)