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Author Topic: This is as good as it's going to get  (Read 1990 times)
The Sceptical Chymist
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December 24, 2015, 12:22:15 AM
 #21

Blah blah blah.  You know we were at something like $220 for months and the price had dropped below $200 if I remember correctly.  And here we are at $446.20 as I write this.  So there's definitely volatility still present in bitcoin.

But I realize you're just sowing the seeds of doubt to get a rise out of the bulls here.  Good job OP.

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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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December 24, 2015, 12:23:22 AM
 #22

We will be rich off bitcoin, and you will be sitting there regretfully. Just wait and see buddy,

 
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thms
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December 24, 2015, 12:49:37 AM
 #23

Here's the probability break down

70% chance of BTC being worth more than $10K in less than 2 yrs
29% chance of BTC being worth less than $10 in less than 2 yrs
1% chance of something like you described happens
talks_cheep (OP)
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December 24, 2015, 01:16:05 AM
 #24

LOL

After my autistic brother made two wrong predictions, I've blocked his access to looking over my shoulder so he can't look no more. The forum is safe from his oracles for the moment, you're welcome.

Many people here seem to believe in the inevitability of bitcoins. They are so wrong. If and when the Chinese government BANS bitcoins, do you think bitcoin price will stay unaffected? Don't forget the Chinese government, which is run by a cabal of crusty old men, came very close to banning cryptocurrency in China in late 2013. They seem to be tolerating it for now, however, it remains to be seen what they really think of bitcoins. The do NOT like the outflow of capital from China. If and when the outflow becomes too much, they WILL lower the hammer.

Another scenario is if terrorists cut off Internet by cutting the undersea cables or other means.

There are other scenarios where bitcoin price will crash, we all know bitcoin CRASHES easily and spectacularly.

I'm neither bullish or bearish. I'd like to think of myself as a counter-balance to the prevailing sentiment. I am the devil's advocate. You need me to save you from the circle jerk that goes around in this forum.

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December 24, 2015, 06:39:12 AM
 #25

Blah, blah, blah...

Another scenario is if terrorists cut off Internet by cutting the undersea cables or other means. [<-- LOL]

There are other scenarios where bitcoin price will crash, we all know bitcoin CRASHES easily and spectacularly.

I'm neither bullish or bearish. I'd like to think of myself as a counter-balance to the prevailing sentiment. I am the devil's advocate. You need me to save you from the circle jerk that goes around in this forum.

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December 24, 2015, 11:11:42 AM
 #26

Bitcoin still had a long way to go. This is just the beginning of bitcoin. We will be seeing the price shoot up soon, after halving.
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December 24, 2015, 05:30:11 PM
 #27

With the way the media looks at us, we will never succeed our price goal. A news media team allegedly proved Bitcoin was in aid of the Paris Attacks. Everyone looks at us like we're scammers so who in the right mind would wanna look into Bitcoin thinking they're either going to look like a scammer, become a scammer, associate with scammers or become a terrorist? We need to work on our image if we really want to entice adopters.
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December 24, 2015, 08:52:07 PM
 #28

With the way the media looks at us, we will never succeed our price goal. A news media team allegedly proved Bitcoin was in aid of the Paris Attacks. Everyone looks at us like we're scammers so who in the right mind would wanna look into Bitcoin thinking they're either going to look like a scammer, become a scammer, associate with scammers or become a terrorist? We need to work on our image if we really want to entice adopters.

I don't think it's totally just a matter of "working on our image" but more of showing the masses of sheeple all the benefits and good things bitcoin allows us all to do. When they realize bitcoin's utility for doing "good" they will change their views.

Did the early adopters of the internet need to "work on their image"? I'm sure many naysayers at the time pointed to all the bad things about the internet way back when, I'm sure. But in time, people realized the internet's utility and potentials and here we are today with everyone using it without a thought. Mass adoption even with terrorists and other criminals using it for bad stuff.
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December 25, 2015, 12:12:38 AM
 #29

After the 2 year bear market, after the meteoric rocket rises, we've entered the stage of mediocre growth. As evidenced by the recent developments since October 2015, you can see that btc price goes up gradually, like 10% over a month's time. After these mediocre growth, profiteers come in and drive the price down a bit. The cycle goes on.

If you bought $1000 bitcoins, I pity you, we will never see $1000 coins ever in our life time.

Folks, this is the way it's going to look from now on. No more moon rockets, and no more steep crashes. Enjoy and have a nice day!!!

I agree that right now it is a lot like that. I think it will reach high prices again, but it will be more gradually as it is adopted and new apps come in.

However, even if you bought at $1000, you can sell in the 450-500, buy again at the 300, then sell again etc. until you cover loses. It is risky but can be done.

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December 25, 2015, 12:33:34 AM
 #30

User adoption should be a slow rise,  it's only manipulation that throws us into a Bubble.  So if we are going up slow and steady  then that's good.

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December 25, 2015, 04:08:30 PM
 #31


I do not get point that havlving of the miners reward will necessary means big increase of bitcoin price.
What is reason for that? I know that last there was some increase last time when havling occured, but we will not be in the same situation. Market is different.

I couldn't answer your question specifically, but I do know that the price will simply have to increase somewhat or miners are going to not want to mine anymore. I think that's part of the rational behind it, that it would have to go up or else it would fail

If there will be less miners then difficulty will goes down and Blockchain and Bitcoin will work the same way with the same speed of confirmation.
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December 25, 2015, 04:38:21 PM
 #32

All predictions in a case of btc may fail.Enjoy stability at current relativelly high level.Lets wait what Jenuary will bring,but if you think that halaving will drive price up i only can tell it could be opposit

 
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December 25, 2015, 08:18:21 PM
 #33

I wouldn't waste time with such trolls, I think it's always the same guy creating new accounts, but sometimes to switch it up and be less obvious he keeps posting with the same one. Nonetheless, he's always FUDing hard in the speculation section, without any success, as seen in the price increase.
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