AlcoHoDL
Legendary
 Online
Activity: 2856
Merit: 5803
Addicted to HoDLing!
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November 03, 2017, 08:31:03 AM |
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Haha. You know how YouTube puts up ads before your content plays? I followed your link, and was met with an ad for Cascade Paper company. Shots of smiling factory workers working in friendly collaboration, running finely-maintained production machines, cranking out huge volumes of ... ... ... wait for it ... ... Toilet Paper!Oh shoot, I posted the wrong video...! Now my secret fetish has come out in the open. Fcuk! |
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600watt
Legendary
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Activity: 2338
Merit: 2106
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November 03, 2017, 08:36:50 AM |
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this is carolina gentlemen moon!
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Phil_S
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Activity: 2164
Merit: 1700
We choose to go to the moon
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November 03, 2017, 08:38:11 AM |
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7400 !
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600watt
Legendary
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Activity: 2338
Merit: 2106
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November 03, 2017, 08:39:49 AM |
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this must be the wealthiest forum in history.  |
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El duderino_
Legendary
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Activity: 2996
Merit: 14706
“They have no clue”
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November 03, 2017, 08:41:13 AM |
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So maybe the possibility to reach 7700 before the star wars relaese becomes close :-)
easy peezy Daisy Ridley I remember back in May when Bitcoin first hit 2187. I had a little chuckle. Few weeks back When i was on holliday it was little tooo bullish thinking the price could go to 7700 before star wars release..., now again When i’m On a small poker holliday trip :-) price keep Going up .... and its looks like we acctually Can make iT to 7700 what an endboss This bitcoinfella |
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AlcoHoDL
Legendary
Online
Activity: 2856
Merit: 5803
Addicted to HoDLing!
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November 03, 2017, 08:41:55 AM |
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Looks like we may have a Choo-Choo again soon... Brace yerselves...!  via Imgflip Meme Generator |
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El duderino_
Legendary
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Activity: 2996
Merit: 14706
“They have no clue”
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November 03, 2017, 08:42:29 AM |
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this must be the wealthiest forum in history. And if not Its only a matter of time |
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600watt
Legendary
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Activity: 2338
Merit: 2106
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November 03, 2017, 08:46:11 AM |
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this must be the wealthiest forum in history. And if not Its only a matter of time saturday? or monday? |
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rjclarke2000
Legendary
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Activity: 1358
Merit: 1016
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November 03, 2017, 08:49:55 AM |
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not a bad morning.
Will we see a temporary dump as we did yesterday?
$32k by the weekend?
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Arriemoller
Legendary
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Activity: 2380
Merit: 1830
Cлaвa Укpaїнi!
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November 03, 2017, 08:54:54 AM |
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Actually most of people on this planet are broke and just worry about daily sustenance. So even if they knew something about bitcoin, they probably would buy very little, if at all, and had get out as soon as they need the money for something else.
So even if Mircea Popescu type of elitism is repugnant, he is right in that Bitcoin does NOT give a fook whether it sees widespread use as payment or the masses adopt it. It's going to go up if enough elites see it as a hedge against central bank experimentalism or as a new method of exerting controls. As I stated before, I got in in late 2012 mostly as a hyperdeflationary experiment, i.e. I want to see whether we can trigger the first recorded case of hyperdeflation in human history.
Since bitcoin is highly deflationary by design, it is irrational to spend it when you have fiat alternatives readily available, e.g. Visa/Master/Paypal/Alipay/Debit-card/Fiat-Cash. If any kind of S curve adoption occurs, then BTC would be hoarded to oblivion. Gresham's law would tell you that people always want to spend the "bad money", e.g. fiat, before spending "good money" like gold or BTC. So eventually just as in hyperinflation, people try to spend the toilet paper confetti before it becomes worthless, people would hoard BTC before it becomes even more valuable. The end game would be the same, they lose their function as a medium of exchange, because one has zero function as storage of value, and the other because it is just too valuable to be spent.
If one just look at BTC in fiat term, going from sub $1 to $7000+ in 7+ years is pretty hyperdeflationary. It's even worse if one looks at it in "purchasing power parity" terms, i.e. Laszlo's pizza, 2 pizza for USD$70 million, an increase of at least 7,000,000 times. Naturally the implication would be that if BTC undergoes hyperdeflation, any charting/wave-theory/fibonacci/TA would be meaningless. That's like applying TA to Weimar stock market or the IBVC (Venezuela stock index), which is up like 20x in 2017 alone and 50x in 1 year.
^^ This. |
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JayJuanGee
Legendary
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Activity: 4200
Merit: 12837
Self-Custody is a right. Say no to "non-custodial"
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November 03, 2017, 08:58:08 AM |
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not a bad morning.
Will we see a temporary dump as we did yesterday?
$32k by the weekend?
Oh my!!!! $32k, oh my!!! I am not sure whether I am psychologically ready? another 4.3x - ish. Oh my!!! |
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ghandi
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November 03, 2017, 08:58:34 AM |
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Is there still somebody out there, trying to trade this madness?  |
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Lauda
Legendary
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Activity: 2674
Merit: 3004
Terminated.
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November 03, 2017, 09:01:06 AM |
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This ratio. Bitstamp | Total bids: 106610570 USD. Total asks: 1930 BTC. Ratio: 55232.55661 USD/BTC. | Data vintage: 0.0227 seconds
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El duderino_
Legendary
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Activity: 2996
Merit: 14706
“They have no clue”
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November 03, 2017, 09:05:02 AM |
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this must be the wealthiest forum in history. And if not Its only a matter of time saturday? or monday? Talking hours not days ;-) |
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philip2000uk
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November 03, 2017, 09:07:28 AM |
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Is there still somebody out there, trying to trade this madness? I lose when i buy and sell so i'm holding. |
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Heater
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November 03, 2017, 09:07:48 AM |
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This ratio. Bitstamp | Total bids: 106610570 USD. Total asks: 1930 BTC. Ratio: 55232.55661 USD/BTC. | Data vintage: 0.0227 seconds
Wow. The ratio is getting out of hand. Looks like we still have a way to go in this one. Just went out for a quick walk and made a years salary. Not so easy to comprehend this atm. |
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Asrael999
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November 03, 2017, 09:15:09 AM |
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Guys, i can´t comprehent my sudden wealth, please help me.
This no joke. It´s probably, because i have no use of lambos, don´t know . . .
If u'r in your prime, you have 50 years left to live. What is your desire?? (Be greedy with your cravings if they make you feel better, healthy, happy, relaxed and make you live longer!)  I just wanna go surfing My ultimate dream is a sign in front of my business: "Gone swimming" ! Move somewhere with good waves , but an existing surfing business, pay someone else to run it, and go surfing then. Investing in something that might be burdensome and for something like 'waves' that are for free is not a good business. True but being the guy/gal that owns the surf shop and spends their days on the beach definitely comes with perks. |
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realsteelboy
Member
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Activity: 223
Merit: 24
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November 03, 2017, 09:17:49 AM |
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7500 on Stamp Life is good.  |
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Arriemoller
Legendary
Offline
Activity: 2380
Merit: 1830
Cлaвa Укpaїнi!
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November 03, 2017, 09:22:34 AM |
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Sometimes it helps to look at a log scale chart. Here is Bitstamp daily bitcoin log scale with a reasonable pitchfork drawn:  The pitchfork suggests we may reach roughly $8000 before a sharp correction down to about $5000 before new all time highs greater than $10,000 by year end. The sell off might occur during the fork drama and rather than the end of the world present just another buying opportunity. Any chance we can see that chart extended to 2018? |
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philip2000uk
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November 03, 2017, 09:28:07 AM |
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I have 1.2 BTC
So I think realistically £166,000 would be enough for me to live out of my parents house for 10 years living basic in my own private room in a warm country.
With other money coming in from some online work which only brings in $6 a day.
Perhaps i should let it go a bit higher
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