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Author Topic: The bottom will fall out of Bitcoin soon  (Read 1897 times)
kiklo
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March 27, 2016, 09:33:08 PM
 #21

Please stay on topic.

Very well, I created an on-topic discussion:

IOTA - Permissioned ledger Russian extortion scheme

https://bitcointalk.org/index.php?topic=1414866.0

You do understand that staying on topic and creating your own topic is not the same...

IMO,
r0ach real goals seems to be about sprouting the nonsense about what is a permission or permission less ledger.
I don't think he is worried about anything else.

 Cool
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LCSociety
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May 04, 2016, 10:54:44 AM
 #22

I see plenty of ground left for bitcoin to cover

The large holders that cashed out throughout 2015 have already began to fire up the rainmaking machine to collect a second helping of profit

Bitcoin's best days are still yet to come, just based on the institutions that are so clearly involved Wink
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May 04, 2016, 11:47:25 AM
 #23

I see plenty of ground left for bitcoin to cover

The large holders that cashed out throughout 2015 have already began to fire up the rainmaking machine to collect a second helping of profit

Bitcoin's best days are still yet to come, just based on the institutions that are so clearly involved Wink

Something is cooking with the whole Craig Wright fiasco and it does not smell good. Seams like the beginning of an organized FUD attempt just before the halving.
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May 04, 2016, 03:57:58 PM
Last edit: May 04, 2016, 05:55:49 PM by BitcoinNational
 #24

it is not FUD
it is the THUD of reality creeping in
the reality of Alts ... see ETH, LTC, l'Doge and the 2.0 DAOs banging on the door
and 100s of shitcoins that just won't die!

the big money is either:
a. dead set on capturing BTC meaning fork as we please when we please (good luck with that MIT bald heads)
b. fuck this shit we'll make our own ETH-steallar-bts

the reality is:
the ALts have survived undercapitalized 1:7000 for nearly 3 years

the BTC will reward #1800 new coins per day until 2020 and that's crazy amounts of new capital to find each and every day @$500/coin or even $99/coin ...

just to transmit value ... so those surviving Alts are looking like much better 'investments' ... whereas BTC is just 'the Tool' to move the big chucks of dollars or yuans.

so you will get and endless cycle of fiasco and finger pointing
so the rats can bail

BTC ain't goin away
but it needs to realize that it CAN NOT FORK, and the alts have done and will continue to do the innovations Wink

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mobnepal
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May 04, 2016, 04:33:28 PM
 #25

I see plenty of ground left for bitcoin to cover

The large holders that cashed out throughout 2015 have already began to fire up the rainmaking machine to collect a second helping of profit

Bitcoin's best days are still yet to come, just based on the institutions that are so clearly involved Wink

Something is cooking with the whole Craig Wright fiasco and it does not smell good. Seams like the beginning of an organized FUD attempt just before the halving.
This FUD attempt for this year have already been well held down by some of the cleaver developer. But still this will remain undisclosed and full of curosity is craig the real satoshi and if he is than did he will move those large no of coins to market to pay his debt? This will determine the future of both bitcoin and altcoin. I am holding my coin for the time being.
BitcoinNational
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May 04, 2016, 05:53:22 PM
 #26

lol
The bottom will drop out of the alt market soon https://bitcointalk.org/index.php?topic=1413819.0

exact same topic (reversio) ... complete with TLDR; nit picky semantic debates ... and higher IQs 2 Wink ... all BTC maximilist have such higher IQs  Cool

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BitcoinNational
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May 04, 2016, 06:56:31 PM
Last edit: May 04, 2016, 07:21:19 PM by BitcoinNational
 #27


Proof of stake buy the coin from the exchange, transfer to personal wallet and let Stake, Easy and done.

Proof of Work ,
1. Buy a warehouse
2. Spend 1 million dollars buying ASICS
3. Spend thousand of dollars on electricity & IT Support Staff
4. Setup Website and system so others can buy shares into your BTC mining operation, because you make more money from the suckers that buy cloud mining than you do from mining BTC itself.
(If that does not make a lightbulb in your head Light up, well there's no hope for you.)
5. Pray for a Miracle , so the next halving does not end your Business models , because you can't afford to keep upgrading the ASICS  Tongue


There is no Proof of Stake coin, that I cannot enter at this point in time.

You could not enter the BTC mining for less than ~1 million bucks.


this is what ... common sense?

the current BTC model is exactly as kiklo states above:

mine (HODL)
pump/dump get $
buy the newest ASIC tech, expand dominance in #/blocks earned/day
pray and hope your multimillion$ mine farm out survives the competition for the next hype cycle
[repeat]

and we are at the Nth stage, you can only compete in China or Iceland or Washington St. (read cheapest cost to run and cool your peta flops on EARTH) ... it ... is ... DONE ... unless someone discovers bigger rivers to dam ... end game is here

SMART money is jumping onto the NXT 2.0 train out of Satoshi Town
BTC mining is going to go thru a very bloody consolidation of profitable operations (some time in the next 8 years)
The market will dump, as it was designed, redistribute, and accumulate into the hands of fools silly enough to grab at a $7B knife falling.

---
the likely evolution is for ASIC to operate co-currently as a mine and supercomputer
so ETH but with partitioning and ASIC P/H power!

the engines powering BTC will burn out (else need to seriously be reduced in operating costs)
if the eggheads must have a $1M/day hashing machine ... they better act fast and invent their own ETH

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redcow
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May 04, 2016, 07:20:47 PM
 #28

In the long term, Bitcoin will gain more value..
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May 04, 2016, 07:36:47 PM
 #29

Buy ETH.  ETH is the lifeboat.  Btc is dead duck

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May 04, 2016, 07:49:04 PM
 #30

Buy ETH.  ETH is the lifeboat.  Btc is dead duck

I'll buy some when it dips to $3 in summer, thanks.

ARDOR - Blockchain as a Service. Three birds with one stone. /// Do not hold NXT at exchanges, NXT wallets: core+lite, mobile Android
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May 04, 2016, 07:57:50 PM
 #31

Buy ETH.  ETH is the lifeboat.  Btc is dead duck

I'll buy some when it dips to $3 in summer, thanks.

You'll be waiting forever.

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May 04, 2016, 08:19:41 PM
 #32

Buy ETH.  ETH is the lifeboat.  Btc is dead duck

I'll buy some when it dips to $3 in summer, thanks.

You'll be waiting forever.

Sometimes waiting for summer feels like forever Smiley

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