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Author Topic: Nothing can stop the bitcoin from now on  (Read 1073 times)
bitcoin_fanatic
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April 01, 2013, 04:04:02 PM
 #1

The bitcoin has officially passed the $100 mark (Mt. Gox), from now on the next psychological barrier will be $200, now it seems that it will keep growing in almost exponential ways.
Will the governement start taking bitcoins seriously now? What will they do? Consider it as an alternative currency and recognize it as such?
Or rather attack it until it dies, developing quantic computers to destroy it, create an artificial bubble by investing billions and then making it crash?
What do you think? The US government is so evil nowadays that they're more likely to fight the bitcoin than support it, I'm not even talking of crony capitalism with Goldman Sachs, JP Morgan, BNP Paribas, Deutsche Bank and all these huge holding companies that would be threatened by the bitcoin, not substantially but in terms of market shares they will and it would grind their gears even more to know that an independent currency controlled by no one in the pure Austrian School tradition can get into their way and be their competitor.
What do you guys think?
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jackofspades
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April 01, 2013, 04:09:21 PM
 #2

yes!!!!

the moment we've all been waiting for!
BTC is obviously something to take serious by now and even non-users are starting
to realize 'if ya cant beat em, join em' not even the once powerful USD is completely safe
BTC is something for everyone!

i predict 250 by june 1 2012

btcnode
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April 01, 2013, 04:19:39 PM
 #3

yes!!!!

the moment we've all been waiting for!
BTC is obviously something to take serious by now and even non-users are starting
to realize 'if ya cant beat em, join em' not even the once powerful USD is completely safe
BTC is something for everyone!

i predict 250 by june 1 2012



2012, eh?
itsunderstood
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April 01, 2013, 04:49:56 PM
 #4

i predict 250 by june 1 2012

2012, eh?

FWIW Back to the Future 2 takes place in 2015.  Smiley

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BitcoinTate
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April 01, 2013, 04:52:16 PM
 #5

yes!!!!

the moment we've all been waiting for!
BTC is obviously something to take serious by now and even non-users are starting
to realize 'if ya cant beat em, join em' not even the once powerful USD is completely safe
BTC is something for everyone!

i predict 250 by june 1 2012



2012, eh?
lol! +1 for the enthusiasm!

- aka The "DigiMan"
BitcoinTate
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April 01, 2013, 05:01:53 PM
 #6

Quote
...the bitcoin...
Do you work for the press?
https://bitcointalk.org/index.php?topic=2200.0
I was wondering about "The Bitcoin" as well. haha

- aka The "DigiMan"
bitcoin_fanatic
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April 01, 2013, 05:31:37 PM
 #7

Nope, not for the press. I was saying "the bitcoin" to mean "one bitcoin", sorry English is not my native language.  Wink
BitcoinTate
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April 01, 2013, 05:54:32 PM
 #8

Nope, not for the press. I was saying "the bitcoin" to mean "one bitcoin", sorry English is not my native language.  Wink
No worries bro! It's all good. Smiley

- aka The "DigiMan"
u.MP
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April 01, 2013, 05:59:02 PM
 #9

i was wondering, can the value drop again ?

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maxmint
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April 01, 2013, 06:00:58 PM
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Nope, not for the press. I was saying "the bitcoin" to mean "one bitcoin", sorry English is not my native language.  Wink
No problem, people are using the Google as well: http://www.youtube.com/watch?v=2RiHHs1HYzE

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jackofspades
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April 01, 2013, 06:06:46 PM
 #11

June 1 2013*

and yeahhh im in this for the long haul
BTC can only improve for the time being:)
anarchomedia
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April 01, 2013, 06:08:39 PM
 #12

I'm pretty optimistic that the gov and banks won't be able to do much about bitcoin and its value will continue to climb.  Bitcoin still has a long way to go before saturation and it takes its place as the only credible international hard currency and in that time, gov and banks are going to concentrate on milking their paper money scams all the more, which of course will only drive more people into bitcoin.  
BTCisthefuture
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April 01, 2013, 06:17:38 PM
 #13

btc has had so many drastic ups and downs over the last few years that i hate to try to predict what will happen next.

it's hard to say what will happen because things are going well and surely media reporting on btc hitting $100 will spread around and might lead to more people buying.

but it's also very fair to say btc is in a bubble and might collapse any day. it wouldnt be the first time btc had a hard landing.

all i know is that it's fun to be a part of this!

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virtualmaster
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April 01, 2013, 06:37:57 PM
 #14

Anything can happen. It is still a beta technology.
But it is a good idea and many people believe in it.
And even more people need something like bitcoin because:
- why should people be treated like criminals if they cross a border and take their own money ?
- why should corrupt politicians take your money to found their luxurious life or to start wars  against other nations ?

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bitcoin_fanatic
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April 01, 2013, 07:08:59 PM
 #15

Anything can happen. It is still a beta technology.
But it is a good idea and many people believe in it.
And even more people need something like bitcoin because:
- why should people be treated like criminals if they cross a border and take their own money ?
- why should corrupt politicians take your money to found their luxurious life or to start wars  against other nations ?
Because it would reveal how banks work, how banks would be utterly ruined if everyone ran out with their stash of cash.
The fractional reserve banking system would be exposed, even if Bâle agreements are trying hard to put some more regulation in this, it's still not enough overall because most of banks do not even respect the earlier Bâle agreements.
My country is getting ruined by extreme socialism and the cult of debt and deficits, we are next on the list.
Cyprus is a laboratory to experiment a withdrawal from the eurozone but this is what will happen for all of Europe, the euro is unsustainable for the simple reason that it cannot be governed by several different sovereign states, the only way for the euro to survive long-term is to create the United States of Europe and federalize all its member states, there can't be an in-between unless Brussels starts forcing all states to respect proper budgetary expenses... oh wait that's what they're doing but it's not going to last so long.
Bitcoin is a good idea to protect our own capital from the government however the government could very well block the protocol, you know when there's money in play they do whatever it takes to take control of it.
Praxis
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April 01, 2013, 07:15:14 PM
 #16

Nothing can "stop" it, but a concurrent crypto-currency can overcome it, if it incorporates something radically innovative
Only another crypto-currency can "win" against BTC
hammurabi
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April 01, 2013, 07:31:10 PM
 #17

Crash made by government isn't rather possible. It is rather not possible for authorities to buy any amount of bitcoin as bitcoin doesn't officially exist for them thus cannot be authorized for buying with public money.

When authorities recognize them the act of recognition will be a boost to bitcoin's value.

Some people predict a burst of the bubble. This might be true since bitcoin is rising too quickly now. Some of us, geeks, are already accepting bitcoins, but most people will resist for dacades. I know many people who to this day still go to bank to issue a standard wire because they are not familiar with internet banks and technology. Bitcoins are even harder to comprehend and thus out of reach for most of the population.


BTC:    1Hpk4rWpP3gACJhXHn8VkeNp4usdQmfuVY
LTC:    LM5p7X9dTsWj14G2VQeJKuntVUc6GsPnDp
BitcoinTate
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April 01, 2013, 07:42:48 PM
 #18

Nothing can "stop" it, but a concurrent crypto-currency can overcome it, if it incorporates something radically innovative
Only another crypto-currency can "win" against BTC
Any idea which one that might be? LTC seems to be the strongest contender at the moment.

- aka The "DigiMan"
crcr1
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April 01, 2013, 08:10:51 PM
 #19

why is the value rising so much lately?
BitcoinTate
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April 01, 2013, 11:42:39 PM
 #20

why is the value rising so much lately?

Bitcoins are still in their price discovery phase. Anything below the true future price is a discount, anything above that is a bubble. Let us know if you figure out what the true price should be.
Haha true dat!

- aka The "DigiMan"
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