why I bought

[j_nathan]

Reading over threads on this forum I've learned quite a bit about mining and the community in general.
But the reason I bought bitcoin has nothing to do with the former or the latter.

You see I'm one of a small percentage in the USA who reads/listens to news outside the USA. Most people I speak to have no clue what is happening in Europe, how the death of Petro-dollar is meaningful, ZIRP influenced stock market Bulls, overinflated housing valuations, trillions in student loan debt, Vehicle lending bubble, crashed Baltic dry index, emerging economy bond debts, low income per household,  oil hedge covering by the Fed and Treasury, COMEX price rigging, overvalued dollar, FATCA, TPP, on and on.

Pretty much I've sounded like a crazy person to most but that's OK.

Why am I writing this?
Well its because people seem to have a brain around here so if anyone wants to hear some very interesting info Jim Willie (goldenjackass.com) gives some animated, resourceful and so far accurate underground info regarding government level corruption and how it will crash the dollar which chases wealth into other Venue's like gold, silver, BTC.

You see BTC isn't going up just because its the nextgen of wealth.
It isn't just going up just because working BTC commerce and investment platforms have surfaced (yet to fully mature).
BTC is also going up because people like myself don't want to play Yosemite Sam guarding home based Bullion, nor do we wish to gamble with TSA screening for metals. Bitcoin is perfect for its time and the incoming wealth is just beginning.

Well done and enjoy the ride (don't sell).

Btw BTC market cap of 7billion is nothing in grand scheme.
With Commerce support maturing I'm seeing 3-5k per coin (or per 100,000,000 Satoshi).

If retirement wealth comes around we are talking above a market cap of 1trillion.
This is a worldwide platform, very private, and very secure.

[afbitcoins]

Reading over threads on this forum I've learned quite a bit about mining and the community in general.
But the reason I bought bitcoin has nothing to do with the former or the latter.

You see I'm one of a small percentage in the USA who reads/listens to news outside the USA. Most people I speak to have no clue what is happening in Europe, how the death of Petro-dollar is meaningful, ZIRP influenced stock market Bulls, overinflated housing valuations, trillions in student loan debt, Vehicle lending bubble, crashed Baltic dry index, emerging economy bond debts, low income per household,  oil hedge covering by the Fed and Treasury, COMEX price rigging, overvalued dollar, FATCA, TPP, on and on.

Pretty much I've sounded like a crazy person to most but that's OK.

Why am I writing this?
Well its because people seem to have a brain around here so if anyone wants to hear some very interesting info Jim Willie (goldenjackass.com) gives some animated, resourceful and so far accurate underground info regarding government level corruption and how it will crash the dollar which chases wealth into other Venue's like gold, silver, BTC.

You see BTC isn't going up just because its the nextgen of wealth.
It isn't just going up just because working BTC commerce and investment platforms have surfaced (yet to fully mature).
BTC is also going up because people like myself don't want to play Yosemite Sam guarding home based Bullion, nor do we wish to gamble with TSA screening for metals. Bitcoin is perfect for its time and the incoming wealth is just beginning.

Well done and enjoy the ride (don't sell).

Btw BTC market cap of 7billion is nothing in grand scheme.
With Commerce support maturing I'm seeing 3-5k per coin (or per 100,000,000 Satoshi).

If retirement wealth comes around we are talking above a market cap of 1trillion.
This is a worldwide platform, very private, and very secure.

Nice one. Doubt you'll ever regret it. Crypto is not going to go away now, genie is out the bottle.

I'm a big fan of the jackass, dont remember if he ever talked about bitcoin though.

[talks_cheep]

In short, OP bought 0.1 btc because he thought one day he'd be a millionaire.

[j_nathan]

[/quote]

Nice one. Doubt you'll ever regret it. Crypto is not going to go away now, genie is out the bottle.

I'm a big fan of the jackass, dont remember if he ever talked about bitcoin though.
[/quote]

Thanks for the kudos. Its funny a close friend was getting very annoyed with me earlier over these talking points. People just love the matrix, period.

Honestly I do wonder if Willie is being totally honest about not knowing bitcoin.
The man has depth of knowledge unknown to most. So to not know much about crypto just seems imbalanced to me.
My own personal prediction today is Ethereum could be the backbone for his new Sh!t Dollar (crypto USD) prediction.
Fully controllable and being touted as a bitcoin improvement platform. Little do commoners understand its frankly a Microsoft, big bank, us government wet dream waiting to happen.

[suda123]

Reading over threads on this forum I've learned quite a bit about mining and the community in general.
But the reason I bought bitcoin has nothing to do with the former or the latter.

You see I'm one of a small percentage in the USA who reads/listens to news outside the USA. Most people I speak to have no clue what is happening in Europe, how the death of Petro-dollar is meaningful, ZIRP influenced stock market Bulls, overinflated housing valuations, trillions in student loan debt, Vehicle lending bubble, crashed Baltic dry index, emerging economy bond debts, low income per household,  oil hedge covering by the Fed and Treasury, COMEX price rigging, overvalued dollar, FATCA, TPP, on and on.

Pretty much I've sounded like a crazy person to most but that's OK.

Why am I writing this?
Well its because people seem to have a brain around here so if anyone wants to hear some very interesting info Jim Willie (goldenjackass.com) gives some animated, resourceful and so far accurate underground info regarding government level corruption and how it will crash the dollar which chases wealth into other Venue's like gold, silver, BTC.

You see BTC isn't going up just because its the nextgen of wealth.
It isn't just going up just because working BTC commerce and investment platforms have surfaced (yet to fully mature).
BTC is also going up because people like myself don't want to play Yosemite Sam guarding home based Bullion, nor do we wish to gamble with TSA screening for metals. Bitcoin is perfect for its time and the incoming wealth is just beginning.

Well done and enjoy the ride (don't sell).

Btw BTC market cap of 7billion is nothing in grand scheme.
With Commerce support maturing I'm seeing 3-5k per coin (or per 100,000,000 Satoshi).

If retirement wealth comes around we are talking above a market cap of 1trillion.
This is a worldwide platform, very private, and very secure.

Congrats, sounding crazy means your an early adopter

[Biodom]

Reading over threads on this forum I've learned quite a bit about mining and the community in general.
But the reason I bought bitcoin has nothing to do with the former or the latter.

You see I'm one of a small percentage in the USA who reads/listens to news outside the USA. Most people I speak to have no clue what is happening in Europe, how the death of Petro-dollar is meaningful, ZIRP influenced stock market Bulls, overinflated housing valuations, trillions in student loan debt, Vehicle lending bubble, crashed Baltic dry index, emerging economy bond debts, low income per household,  oil hedge covering by the Fed and Treasury, COMEX price rigging, overvalued dollar, FATCA, TPP, on and on.

Pretty much I've sounded like a crazy person to most but that's OK.

Why am I writing this?
Well its because people seem to have a brain around here so if anyone wants to hear some very interesting info Jim Willie (goldenjackass.com) gives some animated, resourceful and so far accurate underground info regarding government level corruption and how it will crash the dollar which chases wealth into other Venue's like gold, silver, BTC.

You see BTC isn't going up just because its the nextgen of wealth.
It isn't just going up just because working BTC commerce and investment platforms have surfaced (yet to fully mature).
BTC is also going up because people like myself don't want to play Yosemite Sam guarding home based Bullion, nor do we wish to gamble with TSA screening for metals. Bitcoin is perfect for its time and the incoming wealth is just beginning.

Well done and enjoy the ride (don't sell).

Btw BTC market cap of 7billion is nothing in grand scheme.
With Commerce support maturing I'm seeing 3-5k per coin (or per 100,000,000 Satoshi).

If retirement wealth comes around we are talking above a market cap of 1trillion.
This is a worldwide platform, very private, and very secure.

Congrats, sounding crazy means your an early adopter

There is a chance that we are mostly wrong re the long term value.
The future is not set.
Don't go all-in yet.

[j_nathan]

So true, we just don't know what hammers can get dropped by today's governments.
If you asked people 20yrs ago if they could imagine a reality where DC steals our civil liberties overnight and most don't know or care, they would be impeaching leaders.

If you ask anyone today can they imagine bitcoin made illegal overnight they just might think your nuts.

I hope not.
Its simply a kick ass product.
But its also a threat to the elite of elite.
Personally I expect new lows to go with new highs.

The powers that be know well how to shake the tree.

[ivanst776]

3k-5k per coin is a huge amount to think for now but it's now unreachable, we hope more (e)commerece will use bitcoin in the near future.

[randy8777]

3k-5k per coin is a huge amount to think for now but it's now unreachable, we hope more (e)commerece will use bitcoin in the near future.

right now this price is far from realistic. but after 4 or 5 years things can look completely different. then we might even see the price go much higher than that. all this is just speculating right now, but the possibility for this to happen is really here.

[talks_cheep]

Only a lunatic would think $1200 a coin is possible anymore. 500-600 maximum is the best case scenario going forward. Halving is priced in already, there's no more massive China buy-in, bitcoin is an old tech, old news, no new excitement anywhere. We've hit a dead-end.

[lixer]

3k-5k per coin is a huge amount to think for now but it's now unreachable, we hope more (e)commerece will use bitcoin in the near future.

right now this price is far from realistic. but after 4 or 5 years things can look completely different. then we might even see the price go much higher than that. all this is just speculating right now, but the possibility for this to happen is really here.

Why 4 or 5 years. We are going to see 3k levels within this year. The melting stocks in many countries may take bitcoin to any height. Already China is started investing into crypto-currencies, usually other countries will follow trend of first goer.

[jjacob]

In short, OP bought 0.1 btc because he thought one day he'd be a millionaire.

OP is talking about 3K-5K per coin.
How does buying 0.1 BTC make him a millionaire?

[1Referee]

3k-5k per coin is a huge amount to think for now but it's now unreachable, we hope more (e)commerece will use bitcoin in the near future.

right now this price is far from realistic. but after 4 or 5 years things can look completely different. then we might even see the price go much higher than that. all this is just speculating right now, but the possibility for this to happen is really here.

Why 4 or 5 years. We are going to see 3k levels within this year. The melting stocks in many countries may take bitcoin to any height. Already China is started investing into crypto-currencies, usually other countries will follow trend of first goer.

China has been in crypto for a few years now, it's not that they just found out about it. At this point Chinese investors are being held back by useless policies towards Bitcoin and crypto in general. Currently the majority of the so called Chinese "investors" are small fishes that are looking for a quick buck. We need market movers and not 2-5BTC "investors". Beside that, it's better to wait for the $1000 to be reached again before dreaming about $3K and above.

[NorrisK]

Only a lunatic would think $1200 a coin is possible anymore. 500-600 maximum is the best case scenario going forward. Halving is priced in already, there's no more massive China buy-in, bitcoin is an old tech, old news, no new excitement anywhere. We've hit a dead-end.

Guess there will be a lot of rich lunatics around in the future then.. 7 billion market cap is nothing, nothing at all for something like this.

A small tech company can be valued at that without their first product released. Just watch your 500-600 maximum eveporate in the coming year.

[ivanst776]

3k-5k per coin is a huge amount to think for now but it's now unreachable, we hope more (e)commerece will use bitcoin in the near future.

right now this price is far from realistic. but after 4 or 5 years things can look completely different. then we might even see the price go much higher than that. all this is just speculating right now, but the possibility for this to happen is really here.

Well this price can be reached after the next halving period (maybe after 2020) if bitcoin success will continue.

[Qartada]

Only a lunatic would think $1200 a coin is possible anymore. 500-600 maximum is the best case scenario going forward. Halving is priced in already, there's no more massive China buy-in, bitcoin is an old tech, old news, no new excitement anywhere. We've hit a dead-end.

We shall see $1200 later this year. One reason is the halving, the other is the wide usage of bitcoin.

[Denker]

Only a lunatic would think $1200 a coin is possible anymore. 500-600 maximum is the best case scenario going forward. Halving is priced in already, there's no more massive China buy-in, bitcoin is an old tech, old news, no new excitement anywhere. We've hit a dead-end.

We shall see $1200 later this year. One reason is the halving, the other is the wide usage of bitcoin.

Right, the halving is just one reason.We will see several new implementations and improvements of the protocol and infrastructure that will have huge impacts how and in which directions will Bitcoin evolve in the future.
Therefore I recommend to listen to the newest Letstalkbitcoin Episode (277) with Andreas Antonopoulos where he and his to other hosts talk about the coming implementation of SegWit.
https://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-277-separating-signatures-with-segregated-witness

[j_nathan]

I fully respect opposing opinion. Its actually good all around.

All I would ask is to consider BTC as a small body sharing the solar system with ginormous Bodies.

There is movement outside our ecosystem worth noting.
Things will affect BTC price upward and that's not considering maturing commerce or retirement level funds.

I did not stat 3-5k in any time period. 3-5k is a simple range for a more realistic Market cap.
And a more realistic market cap with commerce and retirement fund interest is frankly scary.

No predictions time wise but things going on with death petrol dollar, emerging market bond debt dominos, ridiculous overvalued USD, etc etc are peaking. Whenever things get ugly I feel bad for anyone not holding bullion and crypto.

[j_nathan]

I disagree that halving will lower the valuation.
Simply put less is more when valuing things,  but I see more than just that.

Miners are no longer the only part of this equation. With intercommunication or exchange between distribution platforms and commerce portals opening left and right the world around, BTC can do nothing but continue to gain valuation as long as big government and Central banks remain away.

There's a big difference between currency wars and currency bans.

Exciting times indeed but not enough reason to stop accumulating IMHO.

[rickadone]

Buying a bitcoin is always a good action. You have invested into a highly returning vehicle. Your money will keep on growing at least for next 100 years.