JimboToronto
Legendary
 Offline
Activity: 4396
Merit: 5539
You're never too old to think young.
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August 24, 2018, 03:07:40 PM |
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Good morning Bitcoinland. Flat as a pancake... currently $6514USD/$8502CAD (Bitcoinaverage). Right where we were a week ago. Ho hum. Great read. Thanx for the link. |
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elrippos friend
Full Member
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Activity: 1179
Merit: 210
only hodl what you understand and love!
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August 24, 2018, 03:08:35 PM |
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Quite ugly guy, but hey that's crypto  |
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Realerre
Member
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Activity: 124
Merit: 11
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August 24, 2018, 03:45:43 PM Merited by JayJuanGee (1) |
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I like one thing, that people is talking about 5k like it was talking about double digits in the previous winter. Seems that btc have a bright future ahead  Things I don't like include the increasing attention from traditional financial markets, the civil war with big blockers, the lack of merchants and the undeniable pow centralization. I predict a bottom not much souther than here followed by "stable growth" and then a huge pump and then capitulation. The last cycle can be repeated many times and in fact I think it will be, the only important thing is having enough "average joes" for each cycle, the newcomers buying during the pump for pure greed. After some cycle this will stop because there will be not enough newcomers, and the average joe will see btc as a useless scam. |
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Karartma1
Legendary
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Activity: 2310
Merit: 1425
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August 24, 2018, 04:46:14 PM |
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I also would like to predict that no matter how things will unfold summer will finish. Then we will have a mild autumn followed by a cold winter. Eventually, spring will arrive
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Realerre
Member
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Activity: 124
Merit: 11
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August 24, 2018, 05:27:27 PM |
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I also would like to predict that no matter how things will unfold summer will finish. Then we will have a mild autumn followed by a cold winter. Eventually, spring will arrive
Huge pump-dump cyclical schemes are not a "natural" thing, this is the pattern that I suspect is more probable for the coming years in btc market, but for sure it can't last forever, and it's not the patway to success, if success is global adoption. Average Joe will lose trust. |
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4393
Be a bank
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August 24, 2018, 05:33:18 PM |
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if success is global adoption.
it isn't |
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soullyG
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August 24, 2018, 06:59:43 PM |
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El duderino_
Legendary
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Activity: 2898
Merit: 14292
“They have no clue”
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August 24, 2018, 07:08:08 PM |
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Mmm opening WO, and first thing to see Just an Arrow UP thats what i like |
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infofront (OP)
Legendary
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Activity: 2674
Merit: 2998
Shitcoin Minimalist
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August 24, 2018, 07:12:27 PM |
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Realerre
Member
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Activity: 124
Merit: 11
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August 24, 2018, 08:10:40 PM |
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if success is global adoption.
it isn't Are we officially aiming at lambo now? Is this the new satoshi's vision? |
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Rosewater Foundation
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August 24, 2018, 08:15:55 PM |
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if success is global adoption.
it isn't Are we officially aiming at lambo now? Is this the new satoshi's vision? Global adoption of douchmobiles isn’t success either |
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Gyrsur
Legendary
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Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
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August 24, 2018, 08:17:14 PM |
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if success is global adoption.
it isn't Are we officially aiming at lambo now? Is this the new satoshi's vision? [notrolling] maybe first layer (the pure Bitcoin blockchain) will be used as a store of value to replace Gold and of course as the basis of the second layer. second layer will then lead to fast global payments and other use cases. timeframe for this 5 to 10 years again. [/notrolling] |
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gentlemand
Legendary
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Activity: 2604
Merit: 3088
Welt Am Draht
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August 24, 2018, 08:21:25 PM |
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Are we officially aiming at lambo now? Is this the new satoshi's vision?
Nope. This will fizzle out and the principles of self starting, decentralisation and egalitarianism will win out. So when the next Consensus comes round I expect NY to be filled with Africars.  |
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Gyrsur
Legendary
Offline
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
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August 24, 2018, 08:25:20 PM |
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Searing
Copper Member
Legendary
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Activity: 2898
Merit: 1465
Clueless!
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August 24, 2018, 08:31:39 PM |
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Forbes 2011...indeed...made my day...that is what is so great about bitcoin for the press. One week you can FUD the heck out of BTC and then flip the next week and say moon ...and you have constant news and constant ad $$$ coming in. Rinse/Wash/Repeat. Man, journalism-wise it is 'have your cake and eat it too!' Easy/Peasy Ad revenue...cover BTC advocates and BTC haters...all looking at your articles and all seeing your Ad's etc Grist for the Mill! Brad |
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cAPSLOCK
Legendary
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Activity: 4046
Merit: 6164
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August 24, 2018, 08:52:22 PM |
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I am gonna COUNT TO NINE!! And then I am going to turn this damn TRAIN AROUND! |
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Realerre
Member
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Activity: 124
Merit: 11
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August 24, 2018, 08:57:44 PM |
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if success is global adoption.
it isn't Are we officially aiming at lambo now? Is this the new satoshi's vision? [notrolling] maybe first layer (the pure Bitcoin blockchain) will be used as a store of value to replace Gold and of course as the basis of the second layer. second layer will then lead to fast global payments and other use cases. timeframe for this 5 to 10 years again. [/notrolling] If this pump-dump scheme will repeat some cycle, bitcoin will be considered a very bad store of value, and indeed it will be. A good store of value is something that everybody trust is worth something now and will be worth something in the future, and that mantain value over time |
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gentlemand
Legendary
Offline
Activity: 2604
Merit: 3088
Welt Am Draht
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August 24, 2018, 09:09:42 PM |
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If this pump-dump scheme will repeat some cycle, bitcoin will be considered a very bad store of value, and indeed it will be.
A good store of value is something that everybody trust is worth something now and will be worth something in the future, and that mantain value over time
You don't get to be a store of value without an insane amount of wreckage on the way up, especially when it starts literally at zero. Bitcoin fans simultaneously believe it's much bigger and much smaller than it actually is. To be a global store of value, and a stable one, it has to be many times larger than it is now which means plenty more outrage to come. Anyone parking their retirement funds in this at this stage is a twat. |
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cAPSLOCK
Legendary
Offline
Activity: 4046
Merit: 6164
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If this pump-dump scheme will repeat some cycle, bitcoin will be considered a very bad store of value, and indeed it will be.
A good store of value is something that everybody trust is worth something now and will be worth something in the future, and that mantain value over time
You don't get to be a store of value without an insane amount of wreckage on the way up, especially when it starts literally at zero. Bitcoin fans simultaneously believe it's much bigger and much smaller than it actually is. To be a global store of value, and a stable one, it has to be many times larger than it is now which means plenty more outrage to come. Anyone parking their retirement funds in this at this stage is a twat. I am a twat. |
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