Torque
Legendary
 Offline
Activity: 3668
Merit: 5233
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Bitcoin, exciting and new Come aboard, we're expecting you Bitcoin, life's sweetest reward Let it flow, it floats back to you The BitBoat soon will be making another run The BitBoat promises something for everyone Set a course for adventure Your mind on an All Time High...and Lambo  |
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Ipwich
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May 14, 2019, 01:42:48 AM |
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I am getting scared to to see the price increase of bitcoin.  Will there be any corrections with these huge bumps? How can you be scared now when price is $9k and for months it was $9k or more, but you were not scared 1.5 years ago when price was $15k+? He is scared of dump without thinking that bitcoin was dumped pretty hard a year ago. We are in the pump year, and it will be pumping for the whole year, that's confirmed from me.  |
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infofront (OP)
Legendary
Offline
Activity: 2646
Merit: 2793
Shitcoin Minimalist
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May 14, 2019, 01:58:20 AM |
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Pump your mother if you want pump Curious to hear from r0ach.
I'm interested to know how his analog Bitcoin is performing compared to real Bitcoin. Spend my last Sm cause of you 1 666 horror merit count... And cause of your continiously holding up with us MOONboys and taking good care of this amazing place Cheers infofront Thanks! |
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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May 14, 2019, 02:18:37 AM |
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If you throw in a century of economic growth then 9 digits could be plausible as well as follows:
Suppose Bitcoin absorbs 10% of M2 and the M2 growth rate of roughly 4% persists for a century.
That would imply 1.04^100 = 50.5x growth over 100 years.
That would bring the 10% estimate from 3m per Bitcoin to 151.5m per Bitcoin 100 years from now. These kind of valuations are highly flawed. If bitcoin ever absorbed even a fraction of "M2" growth it would be largely as a pure unit of account, not a store of value. In other words you'd (by definition of M2) be talking about BTC denominated bank deposit accounts and money market funds and all kinds of other fractional reserve derivatives. Use of bitcoin as a unit of account is something hodlers tend to ignore. If bitcoin ever became a currency we would not be exchanging actual bitcoins, but bitcoin denominated credit just as we use arbitrary units of credit today. So you can't just divide random incumbent money supply figures by 21 million to get a price for a future BTC. Since it's limited in supply it's an asset and will always be an asset. If you denominate, say, UK GDP in bitcoin then it's around 0.3 Trillion BTC. The GDP can be 0.3 Trillion BTC even though there are not that many bitcoins in existence. Oy vey - where to start? Obviously, if UK GDP were to be valued in Bitcoin, then Bitcoin would rise in price in order to be able to accommodate UK money supply in the allotted number of Bitcoin units. As an aside - you might satisfy yourself with Bitcoin denominated credits. I think most here already understand the folly of such acceptance. The reason the US departed the gold standard was an unacceptable risk of a short squeeze on the Federal Reserve. I cannot see how any Central Bank would be foolish enough to put itself in that position again. So Bitcoin denominated notes, convertible or not, seem out of the question. |
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yefi
Legendary
Offline
Activity: 2842
Merit: 1511
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May 14, 2019, 02:28:16 AM |
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When 12344? (or was it 12688 or smth?)
lol, the 12,288 game? Thought I had decent chances with that one, not so sure now. |
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jbreher
Legendary
Offline
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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May 14, 2019, 03:26:36 AM |
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I'm game. Anyone have an invite code? |
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jojo69
Legendary
Offline
Activity: 3276
Merit: 4522
diamond-handed zealot
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May 14, 2019, 03:32:52 AM |
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lol
anybody use WhatsApp?
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Paashaas
Legendary
Offline
Activity: 3514
Merit: 4560
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May 14, 2019, 03:41:18 AM |
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With this record volume no doubt wel'll see new ATH's this year.
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StartupAnalyst
Sr. Member
Offline
Activity: 728
Merit: 317
Crypto Casino & Sportsbook
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May 14, 2019, 03:50:19 AM |
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lol
anybody use WhatsApp?
Yeah, I use it to stay in touch with people who only use WhatsApp. Why do you ask? |
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jojo69
Legendary
Offline
Activity: 3276
Merit: 4522
diamond-handed zealot
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May 14, 2019, 03:53:28 AM |
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StartupAnalyst
Sr. Member
Offline
Activity: 728
Merit: 317
Crypto Casino & Sportsbook
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May 14, 2019, 04:01:33 AM |
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At times like this, I realize that the people I go to WhatsApp for aren't that much of a friend to me.  |
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soxxx
Member
Offline
Activity: 256
Merit: 62
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Not going to lie, Ive been controlling my emotions and haven't gotten to excited, but im starting to feel the euphoric feeling again. Not because of the pump to $8,000, but because of the realization we are just getting started on the next bull run, which based on how soon it has started, MAY have the potential to exceed the last one percentage-wise....
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600watt
Legendary
Offline
Activity: 2338
Merit: 2106
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May 14, 2019, 04:23:06 AM |
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Bitcoin, exciting and new Come aboard, we're expecting you Bitcoin, life's sweetest reward Let it flow, it floats back to you The BitBoat soon will be making another run The BitBoat promises something for everyone Set a course for adventure Your mind on an All Time High...and Lambo nice one! but... just one girl on the love boat? or did the others go below? |
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Woodie
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May 14, 2019, 05:13:18 AM |
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There I was thinking bitcoin was a dead horse but it seems to be wide awake and gone back to its old bullish self. There goes bullish bitcoin, Up up and away! 9k should be in our sight any time soon.  |
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Toxic2040
Legendary
Offline
Activity: 1792
Merit: 4141
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late evening Wall report Offensive sorties continue in the $7.9k to $8k range but you can tell the Bear forces are demoralized and are putting up little resistance. Special forces teams remain on alert for a possible assault on the 0.382 long fib Seems likely to be more of the same as billions continue to pour into crypto. Volatility will happen. Stay tuned for more updates from the front lines throughout the coming week and #dyor brought to you by.. ' GAINZ CORP, the company that cares for the global baghodler today and for tomorrow'. That is all. 1h  D  D  #stronghands'19 |
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soxxx
Member
Offline
Activity: 256
Merit: 62
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May 14, 2019, 05:20:29 AM |
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Here we go, the entire Crypto market is now at 239 Billion, a higher "high" has been put in....
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Kasabus
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May 14, 2019, 05:28:22 AM |
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Here we go, the entire Crypto market is now at 239 Billion, a higher "high" has been put in....
That was easily achieved mate, in just a few days we will be in the $300 billion soon. Bull run makes trading easier, and with that increase of marketcap, altcoins was not even pumping yet, prepare when they pump. |
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ErisDiscordia
Legendary
Offline
Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
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May 14, 2019, 05:49:47 AM |
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yeah this guy was spouting his theories of BTC clearly being a government-designed honeypot with which to trap libertarians into a fully state-controlled monetary environment back in 2014 - 2015. He was going to use his (self-proclaimed) genius-level IQ to design a fully anonymous coin (hence anonymint). Then there was his constant masturbating over spreading of Martin Armstrong's prediction of a complete economic collapse in the third quarter of 2015. In other words: don't bother listening to this Craig Wright Lite. |
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