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GaliX
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July 30, 2015, 11:29:48 PM |
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bfxdata.com
Haha. Pull the other one. there is a whole list... just to mention some. slow confirmations blocksize energy consumption outdated blockchain tech banks dont give a damn bad reputation usage is down regulatory issues on exchanges scams everywhere blockchain is the future, but Bitcoin itself has no intrinsic value and its price is purely based on speculation. I kinda agree with you... When I started learning about Bitcoin I was also like: "Fuck this is going to take over the hole universe, here you have all my worthless FIAT money..." But the more you understand the world around bitcoin, the more you should become disillusioned about bitcoin as a competitor to the traditional finance system. It is maybe better for a online payment system... But there is no REAL problem with the traditional Kredit-Card / PayPal /Skrill / SEPA system... Sure Bitcoin is currently cheaper from a retailer point of view but someone has to pay the system in order to maintain it. I mean if you leave out the Blockreward subvention a TX would cost about 50$... The only real feature I am still exiting about is the blockchain itself and the potential behind it. That's also the reason why I am looking forward for Etherum because it seems like a much further looking system with much more potential use behind it. I am not an Etherum fanboy neither I am a religious Bitcoin perma-Bull anymore... Future will tell what was the right decision.. Bitcoins could have had a top we will never reach again the price is purely speculative driven, there is no real demand for bitcoin still.. All I can say be careful with your money... It may seems like it's 108% sure that Bitcoin will go to 100 Million Trillion $ somewhen if you follow this forum or even the reddit subred. But the blind people will in the end pay the bill.... Get out of bitcoin if you don't have the stomach to hodl strong over time  I don't even care if the price goes up or down... You can make the same money on both ways... |
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phoenix1
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July 30, 2015, 11:30:14 PM |
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I kinda agree with you... When I started learning about Bitcoin I was also like: "Fuck this is going to take over the hole universe, here you have all my worthless FIAT money..."
But the more you understand the world around bitcoin, the more you should become disillusioned about bitcoin as a competitor to the traditional finance system. It is maybe better for a online payment system... But there is no REAL problem with the traditional Kredit-Card / PayPal /Skrill / SEPA system...
Sure Bitcoin is currently cheaper from a retailer point of view but someone has to pay the system in order to maintain it. I mean if you leave out the Blockreward subvention a TX would cost about 50$...
The only real feature I am still exiting about is the blockchain itself and the potential behind it. That's also the reason why I am looking forward for Etherum because it seems like a much further looking system with much more potential use behind it. I am not an Etherum fanboy neither I am a religious Bitcoin perma-Bull anymore...
Future will tell what was the right decision.. Bitcoins could have had a top we will never reach again the price is purely speculative driven, there is no real demand for bitcoin still..
All I can say be careful with your money... It may seems like it's 108% sure that Bitcoin will go to 100 Million Trillion $ somewhen if you follow this forum or even the reddit subred. But the blind people will in the end pay the bill....
Well said. Given the average intelligence of the posters on this forum, the likelihood that they will become 'the new welathy elite' seems both miniscule and scary at the same time. This forum ... 'the wealty elite' ... not sure I want to live in that world Not saying BTC has no future, just that my gut says that the majority of people here are not 'early adopters' at all and will be taken to the cleaners somewhere along the way. 1 million BTC will be created b4 the halving ... seems like more than enough to satisfy current demand, and the over=leveraged longs, well they are potential sitting ducks to get wiped out b4 BTC 'moons' if it indeed does(Q1 next year seems like a good target for that if it happens - the wipe-out, not the moon ...) Don't get me wrong. I hold some, but I have no FOMO at the current time and it will take a lot to change that. After all, if you drink the kool-aid and belive in $50k+, why would you care about buying at $300 or $600 ? Twice as many coins, sure, but when its zero or moon that does not makea lot of difference to a rational person. The cat is very much out of the bag with BTC and intelligent people now. Don't fool yourself into believing that there is some great secret in crypto anymore. The future will be interesting ... EDIT: I see the typical bulltard response - 'get out now if you don't have the stomach' LMAO - keep slurping, there are none so blind as those who will not see. This is by no means a sure bet, but the proposed asymetric outcomes are the perfect bait for blind fools. |
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Norway
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July 30, 2015, 11:39:17 PM |
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bfxdata.com
Haha. Pull the other one. there is a whole list... just to mention some. slow confirmations blocksize energy consumption outdated blockchain tech banks dont give a damn bad reputation usage is down regulatory issues on exchanges scams everywhere blockchain is the future, but Bitcoin itself has no intrinsic value and its price is purely based on speculation. I kinda agree with you... When I started learning about Bitcoin I was also like: "Fuck this is going to take over the hole universe, here you have all my worthless FIAT money..." But the more you understand the world around bitcoin, the more you should become disillusioned about bitcoin as a competitor to the traditional finance system. It is maybe better for a online payment system... But there is no REAL problem with the traditional Kredit-Card / PayPal /Skrill / SEPA system... Sure Bitcoin is currently cheaper from a retailer point of view but someone has to pay the system in order to maintain it. I mean if you leave out the Blockreward subvention a TX would cost about 50$... The only real feature I am still exiting about is the blockchain itself and the potential behind it. That's also the reason why I am looking forward for Etherum because it seems like a much further looking system with much more potential use behind it. I am not an Etherum fanboy neither I am a religious Bitcoin perma-Bull anymore... Future will tell what was the right decision.. Bitcoins could have had a top we will never reach again the price is purely speculative driven, there is no real demand for bitcoin still.. All I can say be careful with your money... It may seems like it's 108% sure that Bitcoin will go to 100 Million Trillion $ somewhen if you follow this forum or even the reddit subred. But the blind people will in the end pay the bill.... Get out of bitcoin if you don't have the stomach to hodl strong over time I don't even care if the price goes up or down... You can make the same money on both ways... That is true in short time speculation... if you can predict the short time future... which I can't, lacking a crystal ball... |
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Norway
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July 30, 2015, 11:45:05 PM |
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I kinda agree with you... When I started learning about Bitcoin I was also like: "Fuck this is going to take over the hole universe, here you have all my worthless FIAT money..."
But the more you understand the world around bitcoin, the more you should become disillusioned about bitcoin as a competitor to the traditional finance system. It is maybe better for a online payment system... But there is no REAL problem with the traditional Kredit-Card / PayPal /Skrill / SEPA system...
Sure Bitcoin is currently cheaper from a retailer point of view but someone has to pay the system in order to maintain it. I mean if you leave out the Blockreward subvention a TX would cost about 50$...
The only real feature I am still exiting about is the blockchain itself and the potential behind it. That's also the reason why I am looking forward for Etherum because it seems like a much further looking system with much more potential use behind it. I am not an Etherum fanboy neither I am a religious Bitcoin perma-Bull anymore...
Future will tell what was the right decision.. Bitcoins could have had a top we will never reach again the price is purely speculative driven, there is no real demand for bitcoin still..
All I can say be careful with your money... It may seems like it's 108% sure that Bitcoin will go to 100 Million Trillion $ somewhen if you follow this forum or even the reddit subred. But the blind people will in the end pay the bill....
Well said. Given the average intelligence of the posters on this forum, the likelihood that they will become 'the new welathy elite' seems both miniscule and scary at the same time. This forum ... 'the wealty elite' ... not sure I want to live in that world Not saying BTC has no future, just that my gut says that the majority of people here are not 'early adopters' at all and will be taken to the cleaners somewhere along the way. 1 million BTC will be created b4 the halving ... seems like more than enough to satisfy current demand, and the over=leveraged longs, well they are potential sitting ducks to get wiped out b4 BTC 'moons' if it indeed does(Q1 next year seems like a good target for that if it happens - the wipe-out, not the moon ...) Don't get me wrong. I hold some, but I have no FOMO at the current time and it will take a lot to change that. After all, if you drink the kool-aid and belive in $50k+, why would you care about buying at $300 or $600 ? Twice as many coins, sure, but when its zero or moon that does not makea lot of difference to a rational person. The cat is very much out of the bag with BTC and intelligent people now. Don't fool yourself into believing that there is some great secret in crypto anymore. The future will be interesting ... EDIT: I see the typical bulltard response - 'get out now if you don't have the stomach' LMAO - keep slurping, there are none so blind as those who will not see. This is by no means a sure bet, but the proposed asymetric outcomes are the perfect bait for blind fools. Sounds like some Hero accounts here are being sold or becoming weak hands. I don't know, and I don't care |
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Blazin8888
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July 30, 2015, 11:46:10 PM |
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bfxdata.com
Haha. Pull the other one. there is a whole list... just to mention some. slow confirmations blocksize energy consumption outdated blockchain tech banks dont give a damn bad reputation usage is down regulatory issues on exchanges scams everywhere blockchain is the future, but Bitcoin itself has no intrinsic value and its price is purely based on speculation. I kinda agree with you... When I started learning about Bitcoin I was also like: "Fuck this is going to take over the hole universe, here you have all my worthless FIAT money..." But the more you understand the world around bitcoin, the more you should become disillusioned about bitcoin as a competitor to the traditional finance system. It is maybe better for a online payment system... But there is no REAL problem with the traditional Kredit-Card / PayPal /Skrill / SEPA system... Sure Bitcoin is currently cheaper from a retailer point of view but someone has to pay the system in order to maintain it. I mean if you leave out the Blockreward subvention a TX would cost about 50$... The only real feature I am still exiting about is the blockchain itself and the potential behind it. That's also the reason why I am looking forward for Etherum because it seems like a much further looking system with much more potential use behind it. I am not an Etherum fanboy neither I am a religious Bitcoin perma-Bull anymore... Future will tell what was the right decision.. Bitcoins could have had a top we will never reach again the price is purely speculative driven, there is no real demand for bitcoin still.. All I can say be careful with your money... It may seems like it's 108% sure that Bitcoin will go to 100 Million Trillion $ somewhen if you follow this forum or even the reddit subred. But the blind people will in the end pay the bill.... Get out of bitcoin if you don't have the stomach to hodl strong over time I don't even care if the price goes up or down... You can make the same money on both ways... That is true in short time speculation... if you can predict the short time future... which I can't, lacking a crystal ball... Hands down crypto is the future. Bitcoin is digital gold. Think logically everyone. Who knows what Crypto will become the standard for day to day transactions but Bitcoin is here to stay and the price will rise. We need to work together as a family and decentralize everything. We have to think outside of the box of things that seem impossible. Right now I am trying to figure out if it is possible to create a decentralized cellphone network? So we no longer have to rely on cell phone companies any longer etc... Check this coin out. Very interesting development out of china...downloaded the wallet and never seen anything like it. https://bitcointalk.org/index.php?topic=789961.0NEW WEBSITE: http://www.bitnet.wang (SWITCH TO ENGLISH) http://coinmarketcap.com/currencies/vpncoin/It has a built in VOIP system and IRC and many other neat features. With a decentralized exchange coming. It is a civilian made Tor... I am just trying to figure out what else they could do. There are a ton of bright minds on this thread so the more people involved the better! Also anyone who can speak Chinese + English fluently it is much needed as there is a language barrier between us and the dev. |
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phoenix1
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July 30, 2015, 11:52:55 PM |
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Sounds like some Hero accounts here are being sold or becoming weak hands. I don't know, and I don't care LOL!! Is that the party-line now? No, my account is in the same hands it has always been in ... I'm just not a bulltard, that's all. I see plenty of potential in crypto, I also believe that I see plenty of delusion and wishful thinking too Only time will tell This is a community of sharks and bait- if you have not realised that by now you are a fool (bait). Does not mean there is not a lot a money to be made in crypto, just make sure you don't get eaten along the way |
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brg444
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July 30, 2015, 11:56:07 PM |
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I kinda agree with you... When I started learning about Bitcoin I was also like: "Fuck this is going to take over the hole universe, here you have all my worthless FIAT money..."
But the more you understand the world around bitcoin, the more you should become disillusioned about bitcoin as a competitor to the traditional finance system. It is maybe better for a online payment system... But there is no REAL problem with the traditional Kredit-Card / PayPal /Skrill / SEPA system...
Sure Bitcoin is currently cheaper from a retailer point of view but someone has to pay the system in order to maintain it. I mean if you leave out the Blockreward subvention a TX would cost about 50$...
You should maybe read this The main things that Bitcoin offers over the traditional fiat monetary instruments are: a fixed economic base3, uninterdictable transactions and unfreezable funds, and an immutable history of all transactions that have ever taken place, secured by proof of work on the technical side and mutually-assured-destruction on the game theory side.
Bitcoinating very specifically has nothing to do with: making people rich by virtue of holding bitcoin keys, "banking the unbanked", processing as many transactions as Visa, or any of the other entirely orthogonal concerns USG muppets routinely trot out in vain attempts to undermine the thing in the way they've become accustomed to coopting other "open source" projects like GPG and OpenSSL. http://cascadianhacker.com/blog/2015/04/24_bitcoin-needs-no-changes-to-destroy-your-world.html |
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Gyrsur
Legendary
 Offline
Activity: 2856
Merit: 1518
Bitcoin Legal Tender Countries: 2 of 206
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July 30, 2015, 11:57:14 PM |
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Someone see bitcoin surpassing 300$ in August?
This days it was near but it could not break that barrier
it looks like that we will see the price above 300 in august.  chart pattern is called Ascending Triangle. |
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Norway
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July 30, 2015, 11:57:54 PM |
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Sounds like some Hero accounts here are being sold or becoming weak hands. I don't know, and I don't care LOL!! Is that the party-line now? No, my account is in the same hands it has always been in ... I'm just not a bulltard, that's all. I see plenty of potential in crypto, I also believe that I see plenty of delusion and wishful thinking too Only time will tell This is a community of sharks and bait- if you have not realised that by now you are a fool (bait). Does not mean there is not a lot a money to be made in crypto, just make sure you don't get eaten along the way Ok, becoming weak hands it is EDIT: Or becoming bait, lol! |
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phoenix1
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July 31, 2015, 12:00:19 AM |
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Sounds like some Hero accounts here are being sold or becoming weak hands. I don't know, and I don't care LOL!! Is that the party-line now? No, my account is in the same hands it has always been in ... I'm just not a bulltard, that's all. I see plenty of potential in crypto, I also believe that I see plenty of delusion and wishful thinking too Only time will tell This is a community of sharks and bait- if you have not realised that by now you are a fool (bait). Does not mean there is not a lot a money to be made in crypto, just make sure you don't get eaten along the way Ok, becoming weak hands it is If that presumption makes you feel better, roll with it ... you are very clever, you will definitely win this game, remember that  |
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Greendragon
Member
Offline
Activity: 70
Merit: 10
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July 31, 2015, 12:01:04 AM |
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Sounds like some Hero accounts here are being sold or becoming weak hands. I don't know, and I don't care LOL!! Is that the party-line now? No, my account is in the same hands it has always been in ... I'm just not a bulltard, that's all. I see plenty of potential in crypto, I also believe that I see plenty of delusion and wishful thinking too Only time will tell This is a community of sharks and bait- if you have not realised that by now you are a fool (bait). Does not mean there is not a lot a money to be made in crypto, just make sure you don't get eaten along the way Ok, becoming weak hands it is If that presumption makes you feel better, roll with it ... you are very clever, you will definitely win this game, remember that legendary members losing fait.. bullish |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 31, 2015, 12:02:48 AM |
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Norway
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July 31, 2015, 12:05:27 AM |
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I did the math 5 months ago. Posted it here before, but I think it's time to do it again: 
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phoenix1
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July 31, 2015, 12:10:39 AM |
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If that presumption makes you feel better, roll with it ... you are very clever, you will definitely win this game, remember that legendary members losing faith.. bullish Thanks for the compliment - I'm only 'Hero' actually, nice to be called Legendary tho Losing faith .. no. Open-minded, yes. Try it ... tunnel vision is a painful affliction. If you cannot see the corporations doing what they can to find ways to use private blockchains, and that there is a very valid use case for this then you are a blind fool. BTC is very different and many more factors will determine the outcome of this particular game-winthin-a-game. And if you cannot see the conflicts of interst already rearing their heads within the BTC sphere then you are also blind. There are no guarantees and if you enter into it with anything but this perspective, then you, sir, are an idiot EDIT: and there we go, rght on cue, Norway posting the 'IF' chart, the one that inspires dreams of wealth and fortune ... you could be a timeshare salesman Norway BTW, where is the one for 'IF BTC goes to zero you lose everything', and where are the probabilities you asign to each outcome as any rational person ought to if using such charts as guidance? Without them, its just 'bait' |
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Norway
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July 31, 2015, 12:16:18 AM |
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If that presumption makes you feel better, roll with it ... you are very clever, you will definitely win this game, remember that legendary members losing faith.. bullish Thanks for the compliment - I'm only 'Hero' actually, nice to be called Legendary tho Losing faith .. no. Open-minded, yes. Try it ... tunnel vision is a painful affliction. If you cannot see the corporations doing what they can to find ways to use private blockchains, and that there is a very valid use case for this then you are a blind fool. BTC is very different and many more factors will determine the outcome of this particular game-winthin-a-game. And if you cannot see the conflicts of interst already rearing their heads within the BTC sphere then you are also blind. There are no guarantees and if you enter into it with anything but this perspective, then you, sir, are an idiot EDIT: and there we go, rght on cue, Norway posting the 'IF' chart, the one that inspires dreams of wealth and fortune ... you could be a timeshare salesman Norway you want a current update on private blockchains, watch this: (Yes, I obviously have to quote myself from just a few posts back...) Hi guys, back from holiday! Did you see this clip from American Bankers Digital Currencies + the Blockchain Conference? https://www.youtube.com/watch?v=Clc3ZOP2zUoThe funniest part is at 46:10 where Chris DeRose ask Blythe Masters two questions, lol! |
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Gyrsur
Legendary
Offline
Activity: 2856
Merit: 1518
Bitcoin Legal Tender Countries: 2 of 206
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July 31, 2015, 12:19:10 AM |
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3013
Welt Am Draht
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July 31, 2015, 12:20:26 AM |
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You'd be a silly sausage to bet your future on the basis of a mythical outcome. Similarly you'd be somewhat daffy to be fully aware of its potential implications and not have a scrap or two of skin in the game.
There are vested interests frothing away at both ends of the spectrum. Take what you wish from either but find your own balance that takes every scenario into account and stick to it.
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phoenix1
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July 31, 2015, 12:22:31 AM |
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You'd be a silly sausage to bet your future on the basis of a mythical outcome. Similarly you'd be somewhat daffy to be fully aware of its potential implications and not have a scrap or two of skin in the game.
There are vested interests frothing away at both ends of the spectrum. Take what you wish from either but find your own balance that takes every scenario into account and stick to it.
Nice summary gentlemand Sometimes less words say more  |
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Norway
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July 31, 2015, 12:28:47 AM |
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You'd be a silly sausage to bet your future on the basis of a mythical outcome. Similarly you'd be somewhat daffy to be fully aware of its potential implications and not have a scrap or two of skin in the game.
There are vested interests frothing away at both ends of the spectrum. Take what you wish from either but find your own balance that takes every scenario into account and stick to it.
Nice summary gentlemand Sometimes less words say more A bit Captain Obvious, isn't it? lol |
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3013
Welt Am Draht
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July 31, 2015, 12:30:46 AM |
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A bit Captain Obvious, isn't it? lol Hmm. I often wonder... |
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