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Author Topic: We need don't need mainstream acceptance to see an huge price increase  (Read 356 times)
thejaytiesto
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August 27, 2016, 12:59:17 PM
 #1

We don't really need average joes buying coffee with Bitcoin to reach 6 figures per coin. All we need is big fiat/gold/stocks whales realizing Bitcoin is the best way to keep your money at safe from government's insane policies to push the price to 6 figures. This is why we need to keep the network as decentralized as possible, and that includes nodes being decentralized, which means big block size goes against this end.

If datacenters are running nodes, all governments need to do is to take control over those datacenters, this will keep potential investors away from Bitcoin.

There is obviously a demand to keep money outside of governments as we have seen with leaked papers from several tax havens. Once those people realize Bitcoin is the best way to keep your wealth safe from tax hell, they will move, and the move will be brutally high, specially when governments ban physical cash, then the average joes will join too because most people avoid taxes thanks to physical cash.

The sum of all that money will be trillions of dollars moving within the Bitcoin ecosystem.

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franky1
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August 27, 2016, 01:29:33 PM
 #2

we dont need fiat lovers only thinking about pumping and dumping bitcoin just to hold a bag of fiat in the future.
if you only care about the fiat valuation then go pump and dump an altcoin. instead of trying to think bitcoin doesnt need real world uses.
without real world uses bitcoin is not secure and just becomes completely speculative,

as for "big blocks"
core is happy about having 4mb blocks ,, yea i guess you missed that fact. so the whole '2mb is bad' rhetoric over the last year has been an absolutle useless point to keep bringing up. even a raspberry pi and basic internet can cope with it.. so it had never or would never of been a centralization issue. (you have been spoonfed the lie by core fans for a year if you still think im wrong.. and core have proven it with their 4mb desire)

the 4mb core want.. only offers 1.8x capacity.. and once that has happened they cannot re-1.8x again.. its just a one time boost to capacity.
yet keeping to the traditional route and moving to 2mb offers 2x capacity. and in a few years it can be moved up again. and again.
no one is saying it need to be pushed to large amounts tomorrow. but being allowed to move at some point can allow capacity to grow at a natural pace along with technology growth.
afterall 15 years ago just 3gb hard drives were considered "massive" now 3tb hard drives are the norm
and guess what, that means a more secure and useful bitcoin while also as a positive side effect increasing the market cap so even the fiat lovers will be happy.

lets not be stupid and fall for the trap of making bitcoin just a speculative coin that is ultimately useless. lets do our part and continue to keep bitcoin useful.. otherwise cores plans of bait and switching people to a sidechain because sidechains will be useful would make people dump bitcoin.

think smart

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August 27, 2016, 03:31:16 PM
 #3

explosive growth is not good, since people could just move a different direction another way. we need real value and we need to pay attention to stabilzation factors like the darknetmarkets using bitcoin
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August 27, 2016, 03:53:50 PM
 #4

We are seeing a steady growth on bitcoin and i think this is better than all those forex whales come and start manipulating bitcoin market heavily as bitcoin total marketcap is still low so can be manipulated easily with a billion dollar traders.


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August 27, 2016, 04:28:56 PM
 #5

If your only goal is to reach a 6 figure Bitcoin price, you are missing one of the best values Bitcoin brings to the table. Bitcoin takes control over people who wants to rape financial freedom and privacy.

Bitcoin also makes transactions cheaper and more affordable to MANY people, who up until now, where excluded from the financial world. It offers small businesses to operate globally and over borders

normally closed to them. Tax evasion should be the last thing, drawing people to use it.  Roll Eyes

ETFbitcoin
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August 27, 2016, 05:45:00 PM
 #6

We need mainstream user to accept bitcoin because bitcoin is a currency, not just stock/gold which only need lots of investor.
If most people in this world use bitcoin, we don't have to value bitcoin on fiat price anymore.

Maybe you could implement/apply your brilliant idea on altcoin which don't need user who use it as currency Roll Eyes

krishna1
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August 27, 2016, 06:06:14 PM
 #7

When government increases the tax on common people then to save tax they will jump into bitcoin system and maybe they will see my post too.but this will make a huge voilation in market price and so all the trade platforms will became a lot busy then nowdays

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