Bitcoin is Unstoppable

[Joel_Jantsen]

 Cross-posting from r/Bitcoin [Although lot of you might follow the sub but for those who don't,I've posted couple of images which are accurate as f] Long Live Bitcoin



Haters will say it's photo-shopped

UPDATE : 3rd September 2017

There is no way bitcoin is stopping my dudes!
If you observer closely,any external event which doesn't favour bitcoin or even tries to make insecurities amongst bitcoin holders,the only resulting event that takes place is the rise in bitcoin's values.
I even derived an equation,

The acceleration of Drama as produced by the external factors is directly proportional to the price of bitcoins.

[1714930930]

1714930930

[1714930930]

1714930930

[1714930930]

1714930930

[talkbitcoin]

you know what the first picture should be a sticky on the speculation board so that maybe some people see it and take a lesson next time another FUD started.
i completely remember each of these and each time i have said this is a FUD and take advantage to buy cheap coins but people still panic sell!
i mean how many times "the exact same thing" has to happen before people start realizing there is a pattern here.

[Joel_Jantsen]

you know what the first picture should be a sticky on the speculation board so that maybe some people see it and take a lesson next time another FUD started.

Haha in that board people literally think out of their ass.Do you mind posting this image in that board instead ?

i completely remember each of these and each time i have said this is a FUD and take advantage to buy cheap coins but people still panic sell!
i mean how many times "the exact same thing" has to happen before people start realizing there is a pattern here.

There is no point arguing with fools who call themselves trader after making an account on poloniex.The real money makers are holding and staying being liberal not giving two shits about the FUD's.I don't know how else to teach these fools the power of bitcoin.

[ladydark]

The picture above clearly shows the price movement of bitcoin.Each and every time when an obstacle is made in the path of bitcoin,bitcoin shows a slight dip and immediately rises high much above its previous price.So,newbies should learn an useful lesson from this chart so that they would not get panic when a new FUD circulates and there would be no need for them to sell their bitcoins at cheap price.

[EthBooksPro]

That bullish bar in the second picture is kinda funny. Let the haters know that the fall of bitcoin is not due anytime soon. After Bitcoin remained unshaken on Aug 1st, people's trust in the cryptocurrency increased. They are now stocking up as much as they can.

[SISA]

That bullish bar in the second picture is kinda funny. Let the haters know that the fall of bitcoin is not due anytime soon. After Bitcoin remained unshaken on Aug 1st, people's trust in the cryptocurrency increased. They are now stocking up as much as they can.

Yes you are right because previously I never show any interest towards Bitcoin but after segwit I am very much prepared for my future with bitcoin. Right now I have huge hope on this Bitcoin.

[BTCLovingDude]

That bullish bar in the second picture is kinda funny. Let the haters know that the fall of bitcoin is not due anytime soon. After Bitcoin remained unshaken on Aug 1st, people's trust in the cryptocurrency increased. They are now stocking up as much as they can.

Yes you are right because previously I never show any interest towards Bitcoin but after segwit I am very much prepared for my future with bitcoin. Right now I have huge hope on this Bitcoin.

why?
don't get me wrong i have nothing against SegWit but i can not understand how someone who is new to bitcoin and "never had any interest in it" now suddenly is head over heals for bitcoin because of SegWit (which is more complicated to understand than normal bitcoin stuff).

[Juggy777]

Cross-posting from r/Bitcoin [Although lot of you might follow the sub but for those who don't,I've posted couple of images which are accurate as f] Long Live Bitcoin



Haters will say it's photo-shopped


There is no way bitcoin is stopping my dudes!
If you observer closely,any external event which doesn't favour bitcoin or even tries to make insecurities amongst bitcoin holders,the only resulting event that takes place is the rise in bitcoin's values.
I even derived an equation,

The acceleration of Drama as produced by the external factors is directly proportional to the price of bitcoins.

Loved the graph it's so apt, and true there seems to be no stopping it and there will be nothing that can stop it. There is August 8th event also wondering if that also takes the graph up and up. The price has come down slightly now but that I feel is ok, a little breather for those who want to get in. The long run is secured and there is no reason to worry hold on tight to it.

[joseafonso123az]

bitcoin will continue growing, and with the growth it shows there will be always something that won't like the growth of bitcoin, so will try to depreciate. But I think there are lots of followers that follow religiously bitcoin and will continue, so this will help bitcoin maintain it's position in the currency world.

[De Suga09]

Bitcoin is now very effective in this generation.Many people says that bitcoin helps their financial status and financial aspects.And as Bill Gates says Bitcoin is really unstoppable and very efficient.And many are using this for their buisiness thats why it grows and increase.

[Joel_Jantsen]

bitcoin will continue growing, and with the growth it shows there will be always something that won't like the growth of bitcoin, so will try to depreciate. But I think there are lots of followers that follow religiously bitcoin and will continue, so this will help bitcoin maintain it's position in the currency world.

It's not just the followers but the global acceptance of bitcoin as a community accepted trading platform meeting certain standards.In  terms of tech there are many coins which claim to offer functionalities that bitcoin doesn't. They have architectures which will change they way industries and finances work but at the end of the day,it isn't about fancy tech and confusing words,mass adaptation needs something simple as bitcoin hence we prosper.

[HeRetiK]

The acceleration of Drama as produced by the external factors is directly proportional to the price of bitcoins.

So basically Bitcoin is not powered by cryptography and electricity but rather by people and drama. Figures. That also explains why the amount of drama needed to show any effect on people is constantly increasing.

[Manuj]

Yeah, dude. This is it. This will be sustained for a few months without distractions. I think late this year the dip will again pay a visit.

[bit-freedom]

Oh yes, I totally agree that Bitcoin is Unstoppable. Since beginning of 2017, the value is at least triple now.

[7jaka7]

Oh yes, I totally agree that Bitcoin is Unstoppable. Since beginning of 2017, the value is at least triple now.

This big rise may has it's correction.

Question for experienced:
Will massive correction occur after this rise? Is this growth in 2017 healthier then 2013 bubble?
It seems like Bitcoin has very good infrastructure, good community, a lot of bussines accepting BTC, successfully(?) passed fork... overall everything seems pretty optimistic. So I would say that price is not pumped too much.
How were things in 2013? Can anyone compare these ''bubbles''?

[no0dlepunk]

New investors and establishments who accept bitcoins are major contributors for the price trend. Plus the more the people realizes that fiat is deflating every year, the more they look for an escape. That is where bitcoins come in handy. 

[HeRetiK]

Question for experienced:
Will massive correction occur after this rise? Is this growth in 2017 healthier then 2013 bubble?
It seems like Bitcoin has very good infrastructure, good community, a lot of bussines accepting BTC, successfully(?) passed fork... overall everything seems pretty optimistic. So I would say that price is not pumped too much.
How were things in 2013? Can anyone compare these ''bubbles''?

Which one? 2013 saw 2 bubbles, the first peaking at ~USD 270,- and the second at ~USD 1180,-

A correction may still be inbound, but this year's growth appears to be much healthier than the growth we saw in 2013. It's not as rapid and volatile as it used to be, that's left to the alts nowadays. Also I suspect that confidence in BTC has risen by surviving a 3 year bear market and coming out on top.

The community appears to have become more toxic over the years, but it seems to have gotten better now that we've got the fork out of our minds. (I guess a bull market also helps the general mood)

Mining is now a business. Keep in mind that 2013 was also the year were ASICs just began entering the market, making it impossible to profitably mine with consumer hardware, thus shutting out large parts of the community from mining BTC.

In addition the infrastructure has gotten much much better. Instead of a single large questionably run exchange (MtGox) we now have a multitude of questionably run exchanges. Most of which actually appear to be run like proper businesses by now. Those that get hacked or "hacked" don't have as much as an impact anymore because they are only one of many.

BTCChina has trading fees by now, so chinese trading volumes aren't as artificially inflated as they used to be.

Merchant adoption of BTC is still slow, but e.g. Steam has began accepting BTC which is nice.

Media coverage has become more favorable. The general populace still finds BTC weird but doesn't find it as crazy anymore.

[BrewMaster]

Merchant adoption of BTC is still slow, but e.g. Steam has began accepting BTC which is nice.

this is mostly US's problems though. with all the taxes and limitations and all that, merchants think twice before going near bitcoin. and on top of it i hear they are not happy about things like bitliscence.

in other countries things are much better. i think everyone knows about Japan and no tax on bitcoin now! i hear European countries are also doing some good stuff. Switzerland has been bitcoin friendly for a long time now...

[Xavofat]

This is bullshit.  On the graph you're showing a series of negative events - which is a large amount of BTC events - and implying that they cause the price to rise, or that the price rises despite those negative events.

If negative events are not accounted for in the price, BTC is overvalued.  And I definitely think that it is overvalued, at least for now.  

Everyone would like to think that $3000 is some kind of normal price.  I wish that it was.  But thinking that the good times will never end is extremely dangerous, because you won't know what to do when they stop.

Merchant adoption of BTC is still slow, but e.g. Steam has began accepting BTC which is nice.

Steam has been accepting BTC for ages.  Merchants like Fiverr and Dell dropped out when this crazy bull market started.  Overall I'd say the merchant adoption has stayed about the same as it was at the start of 2017 when the price was three times lower.  Not a good sign.

[eaLiTy]

Bitcoin is now very effective in this generation.Many people says that bitcoin helps their financial status and financial aspects.And as Bill Gates says Bitcoin is really unstoppable and very efficient.And many are using this for their buisiness thats why it grows and increase.

The context in which Bill Gates said was that bitcoin is efficient in moving large amount of money world wide which is the basic fundamental of bitcoin,for businesses to start accepting bitcoin the local law must legalize bitcoin,other than that i do not think it will be massively adapted by businesses.

BTCChina has trading fees by now, so chinese trading volumes aren't as artificially inflated as they used to be.

The Chinese manipulation has gone down considerably as they were the ones who pumped and dumped the price in the past few years and now things have changed a lot from that situation,now we are seeing more sustainable growth and the future is promising.