jehst (OP)
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December 23, 2015, 04:09:53 PM Last edit: December 23, 2015, 04:30:31 PM by jehst |
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Because the value of fiat currencies have diverged: Already there is a new all-time high in Ukraine: http://www.xe.com/currencycharts/?from=XBT&to=UAH&view=5YAlmost there in Kazakhstan: http://www.xe.com/currencycharts/?from=XBT&to=KZT&view=5YSoon, we will have a new all-time high in Russia: http://www.xe.com/currencycharts/?from=XBT&to=RUB&view=5YTurning away from the ex-USSR, we will have new all-time highs in South America soon In Brazil: http://www.xe.com/currencycharts/?from=XBT&to=BRL&view=5YIn Argentina: http://www.xe.com/currencycharts/?from=XBT&to=ARS&view=5YAnd then South Africa: http://www.xe.com/currencycharts/?from=XBT&to=ZAR&view=5Yand India, and Canada, and Europe, and China. Go to XE and look for yourself. We are going to celebrate new all-time highs all over the world month by month, knocking them down one after another until we finally get to the BIG BOSS All these people around the world who thought bitcoin was a scam are going to realize very soon that bitcoin wasn't the scam. It was their loving government's currency that was the scam. The ruble was the scam. The rupee was the scam. The australian and canadian dollars were the scams. The eurozone was a giant scamzone that robbed you of your sovereignty first and your purchasing power second. The Chinese renminbi and the yen are scams. The USD is a scam. Our job in 2016 will be to celebrate these all-time highs and let people around the world know that our dead ponzi scheme currency (HAHAHA!) is worth more than ever. We have suffered and we were humbled in 2014. But the world is cyclical. Our time is coming again.
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Year 2021 Bitcoin Supply: ~90% mined Supply Inflation: <1.8%
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Joe200
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December 23, 2015, 06:46:35 PM |
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This could be bullish. Every time there is a new ATH in a currency, people who hold that currency will be panic buying BTC.
Then again, many people in those countries could already be holding "hard currency" like USD. We need to do more research.
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jehst (OP)
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December 23, 2015, 08:08:20 PM Last edit: December 23, 2015, 08:22:09 PM by jehst |
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This could be bullish. Every time there is a new ATH in a currency, people who hold that currency will be panic buying BTC.
Then again, many people in those countries could already be holding "hard currency" like USD. We need to do more research.
The hype value alone is good enough. People need to hear about something a bunch of times before they actually investigate it. Our goal should be to hype up the fact that bitcoin is making new all-time highs in different currencies so that new stories about bitcoin appear on CNBC and Reuters and the Wall Street Journal every week next year. When someone sees 10 or 20 stories about bitcoin, they will no longer be able to ignore it. I heard the name "Twitter" about 10 times before I ever made any effort to look at twitter.com and see exactly what it was. The first 10 times, I just ignored it. I think most people who have money are still at this stage with bitcoin. They've heard the name "bitcoin" but they haven't really looked into it. If we do our jobs this year, we can attract millions of new users.
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Year 2021 Bitcoin Supply: ~90% mined Supply Inflation: <1.8%
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Chef Ramsay
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December 23, 2015, 08:41:57 PM |
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This could be bullish. Every time there is a new ATH in a currency, people who hold that currency will be panic buying BTC.
Then again, many people in those countries could already be holding "hard currency" like USD. We need to do more research.
Even if just 1% of the people in these countries where bitcoin is making ATHs are actually buying bitcoins as a hedge or investment, then that's tens-hundreds of thousands, if not millions, of folks buying per country that is affected. Sooner or later, the whole freaking planet will be panic buying these mysterious miracles and very few can comprehend such a dynamic and the potential outcome. Words can't describe such an outcome other than "Holy ....".
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stadus
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December 25, 2015, 06:23:29 PM |
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This could be bullish. Every time there is a new ATH in a currency, people who hold that currency will be panic buying BTC.
Then again, many people in those countries could already be holding "hard currency" like USD. We need to do more research.
Even if just 1% of the people in these countries where bitcoin is making ATHs are actually buying bitcoins as a hedge or investment, then that's tens-hundreds of thousands, if not millions, of folks buying per country that is affected. Sooner or later, the whole freaking planet will be panic buying these mysterious miracles and very few can comprehend such a dynamic and the potential outcome. Words can't describe such an outcome other than "Holy ....". 1% of people in the world is about 70 millions, if they hold $1000 worth of bitcoin, that is 70 billions, or $4000 dollars each bitcoin.
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| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
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Denker
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December 25, 2015, 07:02:01 PM |
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I would be very happy if we could see the old ATH next year on a sustainable Level. Therefore I don't need 12 new ATHs next year.However if this would happen this would be the craziest and funniest year of Bitcoin's actual history.Man this forum would freak out completely. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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victoryboy
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December 25, 2015, 07:09:00 PM |
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It seems good and healthy for Bitcoin whatever your shared in these links although I still need to read them all.What I do agree for at this point is Bitcoin surely will make new ATH in many countries next year.This is a year of dramatic increase of Bitcoin in practical life.
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abonarea
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December 25, 2015, 07:12:46 PM |
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This investment which will be poured in Bitcoin will have significant impact on the price of Bitcoin for sure.We are going to enter in an era in next year 2016 which will be more positive and solid for Bitcoin and cryptocurrencies in my point of view.
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gentlemand
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December 26, 2015, 12:25:47 AM |
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An interesting set of figures. It's very easy to sit around in a first world ish country with your nice stable currency doing its thing and forget that elsewhere in the world things are yoyoing on a daily basis.
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helloeverybody
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★YoBit.Net★ 350+ Coins Exchange & Dice
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December 26, 2015, 12:49:28 AM |
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I would be very happy if we could see the old ATH next year on a sustainable Level. Therefore I don't need 12 new ATHs next year.However if this would happen this would be the craziest and funniest year of Bitcoin's actual history.Man this forum would freak out completely. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) This is what I want, what I don't want is a new all time high and then everybody dumps their coin and we end up back where we are now or even lower.
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bitebits
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December 26, 2015, 03:39:23 AM Last edit: December 26, 2015, 08:23:09 AM by bitebits |
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This could be bullish. Every time there is a new ATH in a currency, people who hold that currency will be panic buying BTC.
Then again, many people in those countries could already be holding "hard currency" like USD. We need to do more research.
I hold zero USD since it won't buy me anything where I live. Holding my savings in USD is impossible since no bank would let me, only option is holding it cash for huge fees and obviously zero interest. Oh and I even live in a 'developed' country.. Each and every day I am surprised that holding your savings in local fiat is considered 'safe'. And that we all mindlessly accept or undergo the endless printing of fiat money and getting into more debts, that never can or will be repaid. The situation is like a child closing it's ears to avoid reality. Of course short term people don't notice their fiat currency depreciates against other currencies. That 1 euro / rubel / pound will still buy you 1 bread at the local bakery. People like to be ignorant about financials.
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- You can figure out what will happen, not when /Warren Buffett - Pay any Bitcoin address privately with a little help of Monero.
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suda123
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December 26, 2015, 04:23:37 AM |
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No bitcoin is a ponzi and going to crash! trust me I read a whole bunch of accounts with 1 posts in number posting history gareentee THTT WER GUNNA CARASH
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suda123
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December 26, 2015, 04:25:23 AM |
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LOL No the currencies are devaluing and going into a a depression soon LOL.
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elite3000
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December 26, 2015, 04:31:40 AM |
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People always remember mostly the US rates, not the whatever currency rates, so I don't think it will have much of effect. Maybe a psychological effect for those who wanna put some money in dollars but can't or can't afford the fees and/or don't trust their banks
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