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Author Topic: ☃☃☃ The Bitcoin Dream ☃☃☃  (Read 1117 times)
toElefante
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December 15, 2017, 11:47:26 PM
 #21

Money is whatever a large network of people agree it is, whether that's stones, shiny beads, gold, silver, fiat, or bitcoin.  Market forces decide its value.  Increased capital flow into this new asset class and new user adoption pushes its value up.  Right now we're in the rapid rise along the S-curve but it won't last forever.  Don't wait!

To answer what it's worth, you have to answer "compared to what?"  Compared to fiat, bitcoin is exposing how terrible fiat currencies are.  They are designed to lose value over time, and to hold populations in a financial servitude to governments and the Banking Cabal.

IMO, if bitcoin reached a static equilibrium (as it will eventually), with the number of users and total capital flow static, it would still appreciate 5% - 10%+ per year compared to fiat, because fiat is so bad.  When that equilibrium is reached, my opinion is that BTC will stabilize in the $500k - $5M range.

crypto is the first honest money that any of us have seen in our lifetimes (even gold price is artificially suppressed).  crypto is a civilzation-changing paradigm shift and will be the largest transfer of wealth in history from the oligarchs to the crypto early adopters.

Of course that's all just my opinion!  ;-)

Shake off the doom-sayers!  The future is bright!

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John Langut
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December 16, 2017, 12:48:43 AM
 #22

I wanted to make the comparison with the status of gold before fractional reserve banking, when the dollar was still backed by gold, because it means like all value was represented as an amount of gold, so will Bitcoin if it replaces the reserve currency.

Read carefully, that means all value in the world will be measured in Bitcoin and each satoshi of a Bitcoin represents a piece of value on earth.

What is the value of all things on earth combined? Depending on your definition, if you include broad money it's 80 trillion dollar. Now replace 80 trillion dollars with 21 million Bitcoin. That is your target price.
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December 16, 2017, 01:07:42 AM
 #23

Quote
Or will the robots equally to scream?
Bitcoin is good!!!!!!!! Everyone will have money and get rich !!!!!!!

It does feel like people are delusional when it comes to this. Rich is a relative term. You can't be rich without someone being poor.

That same concept applies to bitcoin profits. Everyone can't make 1000x their money or more. There has to be losers. There's going to be a giant wakeup call whenever Bitcoin starts to trend down. I think the drop will be even faster than the rise was.
I agree with what you said here that there has to be losers but it is not losers but "small knowledge and just want to ride". These people are making others rich because they don't have knowledge in what they are putting there money on. They just invest and thinking that they will gain profit but suddenly, some or most will make a loss and the one who has knowledge about this cryptocurrency will win.

I watch a video on a youtube and said that bitcoin is a bubble with an explanation. I am 50-50 with is meaning partly agree and partly not. Partly agree because in the past histories we see the first bubble the tulips and that dot -com market bubble and there is a slight chance that it will happen too with bitcoin. On the other hand, I don't think that bitcoin is a bubble because of some reasons like the maximum supply of it, preventing inflation and the increasing demand of bitcoin makes the price higher. This is my opinion.

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December 16, 2017, 01:14:14 AM
 #24

Our hope as a Bitcoin holder is to be patient. Be patient in seeing the ups and downs of prices, and be patient in the face of bad news about Bitcoin. And keep our Bitcoin from irresponsible hands.
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December 16, 2017, 01:32:50 AM
 #25

Everyone is hoping that bitcoin will continue to rise in price indefinitely.

They look at the growth from $0.003 to $18000 and think that bitcoin is unstoppable


Is everyone buying into a dream that is too good to be true? How can bitcoin go up over 6 million times its original value without approaching a bubble? A $100 investment in 2010 would be worth $600,000 dollars! Where the heck does that "value" even come from. Bitcoin produces no revenues and provides no tangible assets. How can a $100 investment be worth $600,000 after 7 years? You can't just make $600k from scratch without there being losers involved. So who are the losers going to be when this wild ride is all done?

I think once the bubble bursts, people will get stuck with their worthless digital currency and the dream will finally come to an end.


People are investing with their heart, not their brains.


This feels exactly like the dot-com bubble. Yes crypto and specifically the block chain are incredible innovations, and that is what is fueling such massive excitement. When the smoke clears, reality is going to smack a lot of people in the face. Investors need to start thinking about exit strategies. A ton of money is going to be made on crypto - IN BOTH DIRECTIONS. Go ahead and keep riding the wave up, but start getting prepared to also ride the wave down. Billions will be made in 2018 or later off of SHORTING crypto. The current prices, especially bitcoin and the major alts, are just unrealistic.

#CryptoCrash2018

I think anytime bitcoin will crash and someday, digital currency will be useless. I am afraid that bitcoin value will loose because all of my efforts and time will blow just in a second. Somehow, we must be optimist! Eventhough we not see and touch this digital currency, try to trust bitcoin. It is worth if someday, bitcoin will establish its legality around the world and that bubble thing will remove in the name of cryptocurrency. In future, bitcoin will be more realistic from what we've thought.

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December 16, 2017, 01:38:26 AM
 #26

Once the demand does not rise anymore, and then people sell very very low just to make cash out of it, that is called bubble. Bitcoin will never bubble because it is the exit of all assets. People are migrating to the digital realm, an IT age from the farm age... People will develop every industry into an automated one, therefore, few years from now everything in this world will turn digital. Digital currency is the CURRENCY FOR THE DIGITAL WORLD.

Now, it is more appropriate to say that FIAT will bubble... including your stoooopid brain.
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December 16, 2017, 01:41:45 AM
 #27

Wow he is really active answering every comment here.
What are you really trying ro achieve posting it here in a bitcoin forum itself?

You just explained blah blah blah but you have really no question inside all the trash talk you have made.

Cmon. Tell us the coin you are supporting then maybe we can have a look at it.

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December 16, 2017, 01:50:18 AM
 #28

I think that life to be successful with the blink of an eye is not easy, but when I open and search on google so much success with abundant money and photographed diata luxury car, when I feel the dream of a sentence beyond reason thought, delayed dreams do not wake up, if you do not have bitcoin, I ended up falling asleep and dreaming.
 
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December 16, 2017, 01:55:26 AM
 #29

Simply because they are not following one of the basics when it comes to investing which is investing only at your means. Needless to say they should invest only what they can afford not that I am doubting bitcoin of course.

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December 16, 2017, 02:10:33 AM
 #30

I believe it is really hard to pin a value to bitcoin. One could argue that the more market cap it gains, the higher its value, because more people will take it seriously, like it will start attracting wealthier and wealthier people. In a sense that's exactly what's happening, it is getting ever more accepted as a store of value by an increasing amount of people.

After all, isn't this the definition of money? That people accept it as such, that people agree that it has value? Look at Bitcoin as a bank. When people buy Bitcoin, what they're really doing is they're buying a tiny space in the blockchain that says that the address that they own has X amount of value, that they're entitled to X amount of value. This is exactly what banks do. You deposit a $100 dollar bill in the bank, it vanishes with your piece of paper and at the same time it creates a record in their computer that you are entitled to $100 dollars.

As Bitcoin increases in valuer, its "credibility" is increasing in the eyes of many (it's what motivated me to get in and study the technology). Wealthy people won't put their money in the Bank of Zimbabwe, but they won't worry much about depositing it in Bank of America or some other fancy bank. What's better, the money one "deposits" in Bitcoin can't be found by governments and can't be taken away from you (if you take simple steps to secure it of course). This has tremendous value for many all over the world.



On a different note, this is my first post here, i have been following this website for a few months now and i just gotta say, what the hell with many posters here, it's like half of posters here seem like they're permanently stoned and drunk, writing meaningless ****, you gotta try so hard to understand what people are saying. I understand english may not be the first language (it isn't mine either) but do try a bit harder to pratice writing better instead of blindly using google translator to write ****. There, i had to vent this.
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December 16, 2017, 08:21:46 AM
 #31

Simply because they are not following one of the basics when it comes to investing which is investing only at your means. Needless to say they should invest only what they can afford not that I am doubting bitcoin of course.

yes, but most people investing their money but they don't investigate or research of what they invest. they only follow what people say and without thinking how much money they will use as their investment. for people which know what they do, they are no doubt with bitcoin and they still invest their money even if the price is down and they don't panic to see this. if we decide to invest, then we need to find out everything related to the investment so we don't make any mistake in the future.
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December 16, 2017, 08:25:36 AM
 #32

Dream
1btc = 1 000 000$

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December 16, 2017, 08:56:06 AM
 #33

People will have dreams of grandeur with bitcoin as we have all seen the growth that bitcoin has had and it would be good to see it continue but we cannot guess where it will be in the years to come. Many of the newer people to bitcoin are only interested in the financial rewards that bitcoin has previously seen.

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December 16, 2017, 09:01:05 AM
 #34

People will have dreams of grandeur with bitcoin as we have all seen the growth that bitcoin has had and it would be good to see it continue but we cannot guess where it will be in the years to come. Many of the newer people to bitcoin are only interested in the financial rewards that bitcoin has previously seen.
I also see if indeed now a lot of new people who jump in the world of cryptocurrency including hunting bitcoin just because they want to get a high price. but they do not know what the bitcoin is like and how bitcoin travel has until now.

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December 16, 2017, 09:11:57 AM
 #35

Things That Became Bitcoin Nightmares
Delay Influential Transactions At Bitcoin Prices
Did the event of last week's transaction delay be Bitcoin's nightmare? The incident occurred precisely on Tuesday, March 1, 2016. Many delayed confirmation of Bitcoin transactions. The pending Bitcoin transaction is increasing. And quite quickly, it becomes an endemic problem in the Bitcoin ecosystem. In fact, this transaction delay lasts approximately a few days.
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December 16, 2017, 11:14:22 AM
 #36

Everyone is hoping that bitcoin will continue to rise in price indefinitely.
Bitcoin wont keep on raising forever,since this is a new form of currency and there is a huge interest in it and so is the reason the price is rising.

They look at the growth from $0.003 to $18000 and think that bitcoin is unstoppable
It is a fact that the price grew this much and this is not a dream right. Tongue So what is the issue now,you missed out when there was an opportunity.  Tongue

Is everyone buying into a dream that is too good to be true? How can bitcoin go up over 6 million times its original value without approaching a bubble? A $100 investment in 2010 would be worth $600,000 dollars! Where the heck does that "value" even come from. Bitcoin produces no revenues and provides no tangible assets. How can a $100 investment be worth $600,000 after 7 years? You can't just make $600k from scratch without there being losers involved. So who are the losers going to be when this wild ride is all done?
If you hold fiat currency and once that bubble burst you will be having color paper to keep yourself warm,that is a good idea right.No one is forcing anyone to buy these cryptos and what is the issue here,the fact that any asset gets its proper valuation when people are willing to spend money for it
and it is not like fiat currencies where government can print out any amount of notes according to their wish and in the case of bitcoin,it has limited amount of coins and it cannot be duplicated and that is the most important factor.

 














 

 

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NABILA AKTER SHILA
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April 05, 2018, 12:10:59 PM
 #37


 Bitcoin can not be indicated by any asset, but people want to use Bitcoin for various possitive reasons. Firstly, it is an independent business that the government has no intervention and it feels safe to invest. Secondly it is a safe wallet because it is less likely to be hacked.
It's free from inflation. The dream of Bitcoin will be real when the whole world uses Bitcoin.
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April 05, 2018, 12:41:31 PM
 #38

The bitcoin dream is real for sure and how to make it possible, that will depend on the person on how would he/she handle the investment. To fulfill such dream, this will take hardwork and perseverance  on how to make your investment succeed in the crypto market. I would consider that this time btc is at it's lower price and the right time to buy bitcoin now as this will soon to spike it's price further. Then, you must hold your btc up to several months or even a year.

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May 07, 2018, 02:13:44 PM
 #39

When OP wrote this in December of 2017 there was indeed a bubble that occurred. The price was way up high too much that it was unnatural. I would say that the price should always be equated to how much it cost to produce one unit of asset. That is the true price of something. Bitcoins and other cryptocurrencies are like Gold. Gold has not a lot of uses, basically the price of gold was just brought about by the demand for it and not really its value as it is not so useful side from jewelry and as a status symbol. Basically if we remove the fact that Gold is shiny and people want it just because of being a status symbol and for jewelry, it would clearly be seen that the price of gold is also a bubble.
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May 07, 2018, 02:47:29 PM
 #40

I think I could not even dream of seeing dreams if I did not have Bitcoin. When I did nothing my dreams were asleep. Bitcoin worked to make my dreams come true. So Bitcoin is a real dream for me.
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