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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 508088 times)
huadylmate
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May 16, 2015, 11:58:50 AM
 #2721

Most of you lot live in fairy land, I actually feel for you and wish you all the best and that you beat your bitcoin price rise addiction. The wealthy elite has long gone from this game and they will not look back. Most of what is left I will not name  Cheesy
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May 16, 2015, 12:07:33 PM
 #2722

just wait until the stockmarket crashes again... with these artificially, fed/ecb inflated, markets... will come with a 50% correction.

i expect, like gold, the bitcoin price will rise if such an event occurs. we are nearing the end of this market cycle. markets really do not want to go much higher atm.

however, current market correction is near its end... it was 1 month in correction modus. exciting times there.

there will be a large market depression anywhere within the next 1.5years.

could be sooner rather then later; imagine if greece is expelled from the euro-zone. probably wont happen ( because russians are cheering on the sideline with bags of rescue cash ). but we dont know atm.

holding tightly to my cheap bitcoins. will buy more if price drops below 200.


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gentlemand
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May 16, 2015, 12:10:36 PM
 #2723

Most of you lot live in fairy land, I actually feel for you and wish you all the best and that you beat your bitcoin price rise addiction. The wealthy elite has long gone from this game and they will not look back. Most of what is left I will not name  Cheesy

They did a pisspoor job of making money then. Were they happy with their $0.005 to $1 pump?

They must've made out like bandits with at least $10,000
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May 16, 2015, 12:52:38 PM
 #2724

The next push, would not be that dramatic... the "Willy bot" has been revealed.

I expect a $400/btc to the end of the year and it would stay around there for quite some time.. {pure speculation}

Transaction volumes are still very healthy and the road was paved for Wall Street to enter the Bitcoin field.

 


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May 16, 2015, 12:54:07 PM
 #2725

The next push, would not be that dramatic... the "Willy bot" has been revealed.

I expect a $400/btc to the end of the year and it would stay around there for quite some time.. {pure speculation}

Transaction volumes are still very healthy and the road was paved for Wall Street to enter the Bitcoin field.


investors will flock to alternatives ( commodities, which can be argued bitcoin is one of ) when stocks and bonds go out of favor. some new financial crisis.
they ( fed, ecb ) "solved" the last debt-crisis with making more debt. doesnt make sense :S

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May 16, 2015, 01:44:59 PM
 #2726



I'd love it if it helped Bitcoin. I'm holding quite a few. I just look at it as if these companies are students in college. When you graduate you don't build your company on the schools network. You build your own network and use the knowledge you learned at school. That's what I think they're doing but we'll see. If I'm wrong I'm rich. So I hope I'm wrong.

Google and Facebook built their companies on their schools' networks. Tongue

Yep, I've already read that. That's why I mentioned colored coins because the experiments will be done with the experimental system already in place. Is that the final design that will be used? Can you tell me that one?

Do you mean Colored Coins specifically or the concept of colored coins in general?

Google and Facebook built the model of their companies on their schools computer but I think they have their own equipment now. lol  I have no doubt that many big names interested in blockchain technology will build working models on the Bitcoin network. I also have no doubt that when the experiments are complete they will eventually abandon the Bitcoin network to use their own personally secured network. Large successful corporations are not in the habit of turning over their internal security to a sometimes anonymous outside parties.

Colored coins, or let's just call it what it is, creating digital assets on the Bitcoin network, is a super cool concept for the little guy without a snowballs chance in hell of having enough money to create a worldwide affiliate network. Large institutions like NASDAQ OMX Group, Inc. don't have that problem. They probably already have more computers in play worldwide than the U.S. Military. Remember, open source is not always the friend of business and neither is transparency.

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May 16, 2015, 04:09:12 PM
 #2727


What's wrong with $80,000 per coin?


Nothing much but isn't it considerably more of a stretch? A $1000 coin was achieved off the back of a few hundred thousand enthusiasts using comedy exchanges run by children and crooks.

$80,000 would need a decent chunk of global wealth being convinced to pour into it and stay there. It probably wouldn't actually require that much USD in global terms, maybe $100-250 billion of direct expenditure to push it that high but that's still far from chump change.

Possible but far more difficult to achieve.

When the next Bull market finally starts, people will discuss $100,000 to $1 Million+ per BTC and be taken seriously. I think ~$5,000 is not too crazy within a year or two.

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May 16, 2015, 04:11:59 PM
 #2728


What's wrong with $80,000 per coin?


Nothing much but isn't it considerably more of a stretch? A $1000 coin was achieved off the back of a few hundred thousand enthusiasts using comedy exchanges run by children and crooks.

$80,000 would need a decent chunk of global wealth being convinced to pour into it and stay there. It probably wouldn't actually require that much USD in global terms, maybe $100-250 billion of direct expenditure to push it that high but that's still far from chump change.

Possible but far more difficult to achieve.

When the next Bull market finally starts, people will discuss $100,000 to $1 Million+ per BTC and be taken seriously. I think ~$5,000 is not too crazy within a year or two.

None from suggested speculated prices seems impossible.  Just imagine the price per bitcoin when millions of new bitcoiners will want to buy some.  Price will be astronomical.
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May 16, 2015, 04:18:21 PM
 #2729


What's wrong with $80,000 per coin?


Nothing much but isn't it considerably more of a stretch? A $1000 coin was achieved off the back of a few hundred thousand enthusiasts using comedy exchanges run by children and crooks.

$80,000 would need a decent chunk of global wealth being convinced to pour into it and stay there. It probably wouldn't actually require that much USD in global terms, maybe $100-250 billion of direct expenditure to push it that high but that's still far from chump change.

Possible but far more difficult to achieve.

When the next Bull market finally starts, people will discuss $100,000 to $1 Million+ per BTC and be taken seriously. I think ~$5,000 is not too crazy within a year or two.

None from suggested speculated prices seems impossible.  Just imagine the price per bitcoin when millions of new bitcoiners will want to buy some.  Price will be astronomical.

Owning "an entire Bitcoin" will be a really big deal, both as a status symbol and "collectors item". There will always be enough BTC for it to be a currency (by, for example, using 0.0000000000025 BTC to buy a new car  Cheesy) but there will be a severe shortage when people realize it is getting too late to obtain a full 1.0 BTC.

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manselr
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May 16, 2015, 05:18:30 PM
 #2730


What's wrong with $80,000 per coin?


Nothing much but isn't it considerably more of a stretch? A $1000 coin was achieved off the back of a few hundred thousand enthusiasts using comedy exchanges run by children and crooks.

$80,000 would need a decent chunk of global wealth being convinced to pour into it and stay there. It probably wouldn't actually require that much USD in global terms, maybe $100-250 billion of direct expenditure to push it that high but that's still far from chump change.

Possible but far more difficult to achieve.

NASDAQ is up in this bitch already. It only takes a couple whales joining the party, we don't need "Mass adoption" to hit 6 figures per coin.

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May 16, 2015, 05:26:20 PM
 #2731


NASDAQ is up in this bitch already. It only takes a couple whales joining the party, we don't need "Mass adoption" to hit 6 figures per coin.

I wonder.

These people are hardened pros. They're not going to pump money in when they know they can be dumped all over by a bunch of spotty oiks who lucked out.

If they do want to separate a lot of people from their coins they'll be doing it in a rather sneakier and scarier manner. Perhaps it has been happening for a while. We might learn something about that in the years to come.
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May 16, 2015, 05:31:37 PM
 #2732


NASDAQ is up in this bitch already. It only takes a couple whales joining the party, we don't need "Mass adoption" to hit 6 figures per coin.

I wonder.

These people are hardened pros. They're not going to pump money in when they know they can be dumped all over by a bunch of spotty oiks who lucked out.

If they do want to separate a lot of people from their coins they'll be doing it in a rather sneakier and scarier manner. Perhaps it has been happening for a while. We might learn something about that in the years to come.

There are probably more people/groups like the winklevosses that invested in bitcoin. They may have kept it a secret though, to be able to gather a lot for cheap Wink

I agree that they wont take the risk being dumped millions of coins on. They will need to control 30+% first.

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May 16, 2015, 05:50:57 PM
 #2733

Most of you lot live in fairy land, I actually feel for you and wish you all the best and that you beat your bitcoin price rise addiction. The wealthy elite has long gone from this game and they will not look back. Most of what is left I will not name  Cheesy

So NASDAQ is not wealthy?
http://money.cnn.com/2015/05/11/technology/nasdaq-bitcoin-technology/


Oh totally not, the wealthy elite was Mark Karpeles and he already left right. Fucking tools.

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May 16, 2015, 06:36:08 PM
 #2734

They have said multiple times that they are not going to use Bitcoin. They are researching the use of "Blockchain Technology" for record keeping.

Quote
Nasdaq is one of the first multinational financial services companies to explore ways to leverage the blockchain in a non-currency manner.

This doesn't mean Nasdaq is using actual Bitcoins as currency. But Nasdaq will be interacting with the Bitcoin system to slip data into the blockchain.

Nasdaq's experiment is a limited one. On Monday, the Wall Street Journal referred to Nasdaq's pre-IPO market, which launched in January 2014, as "a fledgling marketplace." But if it works out, expect to see it use the blockchain concept elsewhere.

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May 16, 2015, 10:44:37 PM
 #2735


What's wrong with $80,000 per coin?


Nothing much but isn't it considerably more of a stretch? A $1000 coin was achieved off the back of a few hundred thousand enthusiasts using comedy exchanges run by children and crooks.

$80,000 would need a decent chunk of global wealth being convinced to pour into it and stay there. It probably wouldn't actually require that much USD in global terms, maybe $100-250 billion of direct expenditure to push it that high but that's still far from chump change.

Possible but far more difficult to achieve.

When the next Bull market finally starts, people will discuss $100,000 to $1 Million+ per BTC and be taken seriously. I think ~$5,000 is not too crazy within a year or two.

Bitcoin seems useful for sending/receiving larger amounts of money, but with the 50,000 satoshi price to send, it isn't as useful for smaller transactions. I don't know, it charges me 50k satoshi.


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Gleb Gamow
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May 16, 2015, 11:10:27 PM
 #2736

http://astrohacker.com/ahc/bitcoin-is-the-economic-singularity/

After reading this, the scale of black market and digital economies and the effect Bitcoin will have on them I am pretty certain we are going to be very wealthy men -- even with a sum as small as 10 Bitcoins. It's just so hard to believe. We are only in the beginning storms with these significant rallies from 10 to 20 dollars. I will not be surprised to see prices from hundreds to thousands in the coming months.

The world just isn't going to be the same and we have been blessed as the pioneers.

What are you going to do with your Bitcoin wealth once your coins hit upwards of $10,000 a pop?

Nothin' like quoting the OP of a 4-year-old thread started by Atlas, with the thread still goin' strong and having over a quarter million views.

Hashing24 or: How I Quit Worrying and Learnt to Love the wew (pronounced: woo; rhymes with dew)
mcg
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May 17, 2015, 02:21:54 PM
 #2737


NASDAQ is up in this bitch already. It only takes a couple whales joining the party, we don't need "Mass adoption" to hit 6 figures per coin.

I wonder.

These people are hardened pros. They're not going to pump money in when they know they can be dumped all over by a bunch of spotty oiks who lucked out.

If they do want to separate a lot of people from their coins they'll be doing it in a rather sneakier and scarier manner. Perhaps it has been happening for a while. We might learn something about that in the years to come.

i have been in the stockmarket for quite some time now.... take oil as an example. there is still much oversupply and just recently there was a 30% increase in price. the markets dont have anything to do with supply and demand. oil is still way oversupplied. markets follow the direction the big banks like goldman suckx direct it to. also when they start buying, this will trigger algo's that start buying even more.... everyone will get scared to miss out again and start buying as well... just one big signal is needed. when it comes... dont know. maybe within next 1.5year since the stockmarket is near to the end of the current cycle.

think they are already buying silently. so no-one notices. i see bitcoin like gold. gold is also near it lows.

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May 17, 2015, 03:09:36 PM
 #2738


What's wrong with $80,000 per coin?


Nothing much but isn't it considerably more of a stretch? A $1000 coin was achieved off the back of a few hundred thousand enthusiasts using comedy exchanges run by children and crooks.

$80,000 would need a decent chunk of global wealth being convinced to pour into it and stay there. It probably wouldn't actually require that much USD in global terms, maybe $100-250 billion of direct expenditure to push it that high but that's still far from chump change.

Possible but far more difficult to achieve.

NASDAQ is up in this bitch already. It only takes a couple whales joining the party, we don't need "Mass adoption" to hit 6 figures per coin.

i fully agree, it was never a problem of adoption, it's a problem of having whales in the market, not just holders and traders that want to be pro by playing with random bot

None from suggested speculated prices seems impossible.  Just imagine the price per bitcoin when millions of new bitcoiners will want to buy some.  Price will be astronomical.

mmh i don't know such price scenario seems still unreal to me, many would be rich with that price(100k), they would dump for sure, causing another tremendous crash

also faucets would be fucking profitable, they will start to reward you only 1 satoshi per hour..

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May 17, 2015, 03:47:37 PM
 #2739


What's wrong with $80,000 per coin?


Nothing much but isn't it considerably more of a stretch? A $1000 coin was achieved off the back of a few hundred thousand enthusiasts using comedy exchanges run by children and crooks.

$80,000 would need a decent chunk of global wealth being convinced to pour into it and stay there. It probably wouldn't actually require that much USD in global terms, maybe $100-250 billion of direct expenditure to push it that high but that's still far from chump change.

Possible but far more difficult to achieve.

When the next Bull market finally starts, people will discuss $100,000 to $1 Million+ per BTC and be taken seriously. I think ~$5,000 is not too crazy within a year or two.


Bitcoin seems useful for sending/receiving larger amounts of money, but with the 50,000 satoshi price to send, it isn't as useful for smaller transactions. I don't know, it charges me 50k satoshi.

FYI:
Fees are 0.0001 BTC (10,000 Satoshi, unless there was a change that I don't know about), which is currently equal to ~2.4 cents, so the fees are fine for "small" transactions, but not micro-payments.

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May 19, 2015, 03:18:28 AM
 #2740

Not pretty sure and confident that I will be the new wealthy elite, gentleman as the future is full of uncertainties and looking at the present bitcoin value doesn't guarantee that it would regain its value in future period of time. So fingers are crossed right now but lets hope for the best.

 

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