600watt
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September 28, 2015, 06:05:56 PM |
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Guys i have a feeling that the next bubble will be fucking nuclear...don't know when it will come, doubt it will be now, but when the world is ready, holy fucking shit exactly. 2 years of constantly building more and bigger fiat channels towards bitcoin will - in case of another run-up - have a huge impact. next one will reach 5 - 10k My bet (why not be bullish, right?): We slowly grow over the remainder of 2015 and early 2016 back to the $500 - $750 range. Between the spring and fall of 2016, we have a quadfecta of news that is positive for price: a 1MB+ block is included in the Blockchain, the halving is successful, the Winklevoss ETF launches, and there is a major currency crisis somewhere. This precipitates the largest growth spurt in the history of Bitcoin. The growth spurt takes place in three bubble-phases over late 2016 and 2017 (and causes many people to bail prematurely), reaching a height of $40,000 before 2018 (and then crashing back below $10,000). after carefully evaluating your post i came to the conclusion that your 40k beat my 10k. you convinced me.
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Globb0
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Free spirit
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September 28, 2015, 06:38:16 PM |
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Seven deadly sins Seven ways to win Seven holy paths to hell And your trip begins
Seven downward slopes Seven bloodied hopes Seven are your burning fires Seven your desires
First time i've seen Maiden quoted on these boards.... it must mean something good!!!!! was a nice memory. especially when the sands of time are running low )
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TQMA
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Bitcoin is the currency of resistance.
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September 28, 2015, 06:40:17 PM |
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ChartBuddy
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Online
Activity: 2352
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 28, 2015, 07:02:47 PM |
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macsga
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Strange, yet attractive.
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September 28, 2015, 07:08:57 PM |
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There's no doubt about it. They won't be able to sustain their economy if they don't. They tried to withhold their economic prosperity while it was visible to everyone that the commodities where declining. No Sales -> No Production -> No need for commodities. Simple as that. Bitcoin role (no matter how we want it to happen) is one of the people's choice to maintain their funds. It's easily movable, they can use it almost everywhere in the world (I believe they can use the BTC credit cards in China as well) so why bother to keep their Juan? It's China alright. But it could also be great companies that they know their funds belong no more to "safe havens" like The Cayman islands, since they too will have to declare "who's who" to the countries their depositors are keeping their money in their banks. Just imagine how easy will it be to tenfold with BTC if -for example- a company like Apple decides to move some of their $USD into BTC. Not feasible? Think again. *Hint*
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noobtrader
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September 28, 2015, 07:21:25 PM |
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There's no doubt about it. They won't be able to sustain their economy if they don't. They tried to withhold their economic prosperity while it was visible to everyone that the commodities where declining. No Sales -> No Production -> No need for commodities. Simple as that. Bitcoin role (no matter how we want it to happen) is one of the people's choice to maintain their funds. It's easily movable, they can use it almost everywhere in the world (I believe they can use the BTC credit cards in China as well) so why bother to keep their Juan? It's China alright. But it could also be great companies that they know their funds belong no more to "safe havens" like The Cayman islands, since they too will have to declare "who's who" to the countries their depositors are keeping their money in their banks. Just imagine how easy will it be to tenfold with BTC if -for example- a company like Apple decides to move some of their $USD into BTC. Not feasible? Think again. *Hint*this is Gentleman !!! i wonder if someone here still shorting btc today lol
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molecular
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September 28, 2015, 07:46:16 PM |
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If the people havent profit... forum havent people
haha. so true and well-said.
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ChartBuddy
Legendary
Online
Activity: 2352
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 28, 2015, 08:02:40 PM |
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saturn643
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September 28, 2015, 08:14:28 PM |
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OKCoin pumping up the volume. Now lets put that volume to good use and pump up the price.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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September 28, 2015, 08:31:23 PM |
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Guys i have a feeling that the next bubble will be fucking nuclear...don't know when it will come, doubt it will be now, but when the world is ready, holy fucking shit exactly. 2 years of constantly building more and bigger fiat channels towards bitcoin will - in case of another run-up - have a huge impact. next one will reach 5 - 10k My bet (why not be bullish, right?): We slowly grow over the remainder of 2015 and early 2016 back to the $500 - $750 range. Between the spring and fall of 2016, we have a quadfecta of news that is positive for price: a 1MB+ block is included in the Blockchain, the halving is successful, the Winklevoss ETF launches, and there is a major currency crisis somewhere. This precipitates the largest growth spurt in the history of Bitcoin. The growth spurt takes place in three bubble-phases over late 2016 and 2017 (and causes many people to bail prematurely), reaching a height of $40,000 before 2018 (and then crashing back below $10,000). Yes, that does seem a bit bullish, and surely I would like that to be true, but I put the odds at less than 2% for some close variation of that scenario to play out. Oh, I surely would like to see it happen, and I think that it is a very plausible scenario.. but let's just say that I have my doubts (maybe I am being worn out and a bit jaded based on the past 22 months of downward BTC price pressures). By the way, when you say bet, what kinds of odds are you putting on your scenario? greater than 50% chance, or are you just saying that the odds are somewhere greater than my less than 2% projection, for example?
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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September 28, 2015, 08:35:16 PM |
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Explanation is that there are NOT trading fees, correct (or are the trading fees really low?)
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Fatman3001
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Make Bitcoin glow with ENIAC
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September 28, 2015, 08:55:40 PM |
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Explanation is that there are NOT trading fees, correct (or are the trading fees really low?) With no trading fees you have lots of bots trying to squeeze out a couple of satoshis extra on every trade. It's BotWars But i would love to know how many actual Bitcoins are on Chinese hands and how many are involved to create these trading volumes.
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ChartBuddy
Legendary
Online
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 28, 2015, 09:02:33 PM |
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600watt
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September 28, 2015, 09:03:57 PM |
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Guys i have a feeling that the next bubble will be fucking nuclear...don't know when it will come, doubt it will be now, but when the world is ready, holy fucking shit exactly. 2 years of constantly building more and bigger fiat channels towards bitcoin will - in case of another run-up - have a huge impact. next one will reach 5 - 10k My bet (why not be bullish, right?): We slowly grow over the remainder of 2015 and early 2016 back to the $500 - $750 range. Between the spring and fall of 2016, we have a quadfecta of news that is positive for price: a 1MB+ block is included in the Blockchain, the halving is successful, the Winklevoss ETF launches, and there is a major currency crisis somewhere. This precipitates the largest growth spurt in the history of Bitcoin. The growth spurt takes place in three bubble-phases over late 2016 and 2017 (and causes many people to bail prematurely), reaching a height of $40,000 before 2018 (and then crashing back below $10,000). Yes, that does seem a bit bullish, and surely I would like that to be true, but I put the odds at less than 2% for some close variation of that scenario to play out. Oh, I surely would like to see it happen, and I think that it is a very plausible scenario.. but let's just say that I have my doubts (maybe I am being worn out and a bit jaded based on the past 22 months of downward BTC price pressures). By the way, when you say bet, what kinds of odds are you putting on your scenario? greater than 50% chance, or are you just saying that the odds are somewhere greater than my less than 2% projection, for example?created a quick poll about that: https://bitcointalk.org/index.php?topic=1195626.0
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rebuilder
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September 28, 2015, 09:07:30 PM |
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But i would love to know how many actual Bitcoins are on Chinese hands and how many are involved to create these trading volumes.
Are there lists of known addresses controlled by any of the Chinese exchanges? Knowing how many coins they hold should help.
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tommorisonwebdesign
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September 28, 2015, 09:09:40 PM |
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I don't there will be such a run up in the price of Bitcoin as it did in November of that year anytime soon. I would say the value of Bitcoin was inflated and was not an accurate representation of bitcoin's actual value. I think it will be three more years (2018) before bitcoin goes mainstream. New technology usually takes a long time for people to adopt to.
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gentlemand
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Welt Am Draht
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September 28, 2015, 09:16:09 PM |
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Its a marketing move and it isnt good for holders Not really a surprise surely? They're in the business of making money, not fulfilling utopian dreams. They've kinda hinted at this type of stance since minute one.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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September 28, 2015, 09:44:07 PM |
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I don't there will be such a run up in the price of Bitcoin as it did in November of that year anytime soon. I would say the value of Bitcoin was inflated and was not an accurate representation of bitcoin's actual value. I think it will be three more years (2018) before bitcoin goes mainstream. New technology usually takes a long time for people to adopt to.
The future is usually priced into the asset before that future time comes... therefore, if you are expecting mainstream-ish by 2018, then the price would have to go up sometime before that to some extent.. At this point, i doubt it is very overvalued... especially given the extent of the volume increase over the past 6 weeks and the amount of difficulties to drive the price lower than $220 for any extended period of time ... during this past 6 week period. Anyhow, we will see over the coming weeks and months regarding the price direction, whether BTC prices start to go up or down out of the $220 to $290 range that has been with us for more than 9 months and if those prices are able to stay out of that $220 to $290 price range for any meaningful period of time.
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Peter R
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September 28, 2015, 09:55:07 PM |
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Guys i have a feeling that the next bubble will be fucking nuclear...don't know when it will come, doubt it will be now, but when the world is ready, holy fucking shit exactly. 2 years of constantly building more and bigger fiat channels towards bitcoin will - in case of another run-up - have a huge impact. next one will reach 5 - 10k My bet (why not be bullish, right?): We slowly grow over the remainder of 2015 and early 2016 back to the $500 - $750 range. Between the spring and fall of 2016, we have a quadfecta of news that is positive for price: a 1MB+ block is included in the Blockchain, the halving is successful, the Winklevoss ETF launches, and there is a major currency crisis somewhere. This precipitates the largest growth spurt in the history of Bitcoin. The growth spurt takes place in three bubble-phases over late 2016 and 2017 (and causes many people to bail prematurely), reaching a height of $40,000 before 2018 (and then crashing back below $10,000). By the way, when you say bet, what kinds of odds are you putting on your scenario? I'll answer that in a roundabout way: if Bitcoin doesn't die in the next ten years, then I'm 98% certain we will have another hyperbolic run-up within that same time frame. I think the probability of Bitcoin dying in the next ten years is ~25% (yes, I'm an uberbull). So I guess I think the chance of another bubble (not necessarily as big or as soon as the one I described) is about 75%. Let's say my guess is that there's a 25% of 1 BTC being worth $0 in ten years and a 75% chance of it being worth $10,000. Expectation value of 1 BTC ten years from now: 25% x $0 + 75% x $10,000 = $7,500 Net present value of one Bitcoin today (assuming 6% cost of capital) = $4,187 So according to my interpretation of the probabilities, the price of a bitcoin is highly undervalued right now!
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chriswilmer
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September 28, 2015, 10:01:15 PM |
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Guys i have a feeling that the next bubble will be fucking nuclear...don't know when it will come, doubt it will be now, but when the world is ready, holy fucking shit exactly. 2 years of constantly building more and bigger fiat channels towards bitcoin will - in case of another run-up - have a huge impact. next one will reach 5 - 10k My bet (why not be bullish, right?): We slowly grow over the remainder of 2015 and early 2016 back to the $500 - $750 range. Between the spring and fall of 2016, we have a quadfecta of news that is positive for price: a 1MB+ block is included in the Blockchain, the halving is successful, the Winklevoss ETF launches, and there is a major currency crisis somewhere. This precipitates the largest growth spurt in the history of Bitcoin. The growth spurt takes place in three bubble-phases over late 2016 and 2017 (and causes many people to bail prematurely), reaching a height of $40,000 before 2018 (and then crashing back below $10,000). By the way, when you say bet, what kinds of odds are you putting on your scenario? I'll answer that in a roundabout way: if Bitcoin doesn't die in the next ten years, then I'm 98% certain we will have another hyperbolic run-up within that same time frame. I think the probability of Bitcoin dying in the next ten years is ~25% (yes, I'm an uberbull). So I guess I think the chance of another bubble (not necessarily as big or as soon as the one I described) is about 75%. Let's say my guess is that there's a 25% of 1 BTC being worth $0 in ten years and a 75% chance of it being worth $10,000. Expectation value of 1 BTC ten years from now: 25% x $0 + 75% x $10,000 = $7,500 Net present value of one Bitcoin today (assuming 6% cost of capital) = $4,187 So according to my interpretation of the probabilities, the price of a bitcoin is highly undervalued right now! Didn't know we were still using this forum I've been musing lately over what the value (at time = infinity) of a bitcoin would be if the 1 MB cap remained (and assuming, implausibly, that no other cryptocurrency took over). It would still be pretty high I think. I've seen a lot of calculations of how many domestic wire transfers there are per second, but has anyone estimated the number of physical gold transfers per second? Probably less than 1/sec I would think...
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