-- The Riddle of the Twin Brothers - Who Were, Are and Will Rule the World!

[freedomno1]

Crash to $350.  Second hard crash this week.  It may go back to $500 but I doubt it, this is feeling like another fed pre-auction pump.  Good time to trade if you have a core position to HODL.  Just don't use margin cause they'll get you, especially on Bitfinex.

I think the real run - the run over $10k won't happen until early next year.  More time to accumulate.  Right now I would be buying the top alts, hand over fist, they'll pop as Bitcoin falters.

Well I was not expecting it to break through not one but two consecutive resistance ranges without having some sort of pullback.
That said I think the crash will be pretty much to $320-$330 from here before stabilizing and beginning some movement again, it could also tread sideways but that usually takes longer to call either way I'm satisfied for now that it had some good action.

It's a good time to move money to exchanges though and just have it sitting there for a week or two if the signs of another rally start becoming clearer, plus it still takes a few days for it to process.

The real run should occur within 9 months but this could be just a prelude to it, 2016 is an interesting year due to the halving and whether we see a power rally before it halves or a few months after.

(Alts might be a good move since they seem to be rising right now that Bitcoins calmed again, although I am not sure myself which alts are the most tempting but assuming the risks it may be worth looking more into that)

[Vlad2Vlad]

Tim Draper - "Bitcoin Heading To $10K By 2017."

Draper is one of the biggest investors in Sillicon Valley and I think he's being conservative so he doesn't end up looking like a Vlad, err, a crackpot. 

I think we'll see $10,000 by next year and I personally think that's gonna be just the start, we should see much higher levels since $10,000 should spark a massive Bitcoin worshipping, money loving, greed buying frenzy.  Push and Pull - Greed and Fear to the max.

Today's Bitcoin price:  $358, after a "big" run up from $220.

[shanem]

Tim Draper - "Bitcoin Heading To $10K By 2017."

Draper is one of the biggest investors in Sillicon Valley and I think he's being conservative so he doesn't end up looking like a Vlad, err, a crackpot. 

I think we'll see $10,000 by next year and I personally think that's gonna be just the start, we should see much higher levels since $10,000 should spark a massive Bitcoin worshipping, money loving, greed buying frenzy.  Push and Pull - Greed and Fear to the max.

Today's Bitcoin price:  $358, after a "big" run up from $220.

I think you all are dreaming. Bitcoin can't even break $500 and $1000. S$10k is impossible for bitcoin. It would take a lots of money to be in bitcoin for it to go so high.

[freedomno1]

Tim Draper - "Bitcoin Heading To $10K By 2017."

Draper is one of the biggest investors in Sillicon Valley and I think he's being conservative so he doesn't end up looking like a Vlad, err, a crackpot.  

I think we'll see $10,000 by next year and I personally think that's gonna be just the start, we should see much higher levels since $10,000 should spark a massive Bitcoin worshipping, money loving, greed buying frenzy.  Push and Pull - Greed and Fear to the max.

Today's Bitcoin price:  $358, after a "big" run up from $220.

I think you all are dreaming. Bitcoin can't even break $500 and $1000. S$10k is impossible for bitcoin. It would take a lots of money to be in bitcoin for it to go so high.

The real question for me is the time-frame we are looking at, I see enough movement into Bitcoin to justify a base price of $67.45 just based on the infrastructure and seed capital in Bitcoin right now.
Not even calculating revenues and growth metrics from that.

That would have been in the trading range I started using Bitcoin in 2013 so if Draper is putting an estimate out of 10K by 2017, I presume he made the calculation based on 5 to 6 Billion Dollars in infrastructure investment for a base around $300-360 dollars with the return from the 1 Billion in 2015 launching new industries and increasing trading volumes and usage by at least a few folds around 50x which is fairly aggressive growth but it is tech.

At the very least it will break $500 by 2017 if Seed Funding remains steady in the future, on the low end a price just based on infrastructure would near $200 dollars based on 1 Billion in new seed capital each year to 2017.

http://money.cnn.com/2015/11/02/technology/bitcoin-1-billion-invested/
Total Supply at time of Post
14,826,650
1,000,000,000/14,826,650 = $ 67.446

(For Fun Present Metric P/I I made that up Price to Infrastructure is roughly 5 lol)
Peak was well the metrics for 2013 In Infrastructure divided by then supply and coinage 12 mill round Dec 2013
95.05 mill /12 mill = $7.92  
Price actual peak $1147.25/7.92 = 144.85 lol
http://www.coindesk.com/bitcoin-venture-capital/
https://blockchain.info/charts/total-bitcoins?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

So at theoretical Peak Bubble based on present infrastructure
67.446 * 144.85 = 9769.55 --> 10 K lol

I'll go With PE 5 and say $1500 whistle

[Vlad2Vlad]

Price dumping hard so that was a pre-fed auction pump and dump. 

As for $10,000 price in the near future, I would bet anything I own that we will see much higher prices than $10k in the next 1-2 years. 

[Vlad2Vlad]

Another asshole, err, rich, "connected", Johnny Come Lately, parroting my genius and stealing all my credit.   This "let's steal Vlad's vision" has got to stop.  Haha!


Tim Cook, chief executive of Apple, makes [Vlad], err, bold prediction about the death of cash as he promotes Apple Pay alternative

The next generation of children born in Britain "will not know what money is", the boss of Apple has predicted.

[Vlad2Vlad]

<-------  Legendary. 

It's about time, Theymos!  lol

[Vlad2Vlad]

The real question for me is the time-frame we are looking at, I see enough movement into Bitcoin to justify a base price of $67.45 just based on the infrastructure and seed capital in Bitcoin right now.
Not even calculating revenues and growth metrics from that.

That would have been in the trading range I started using Bitcoin in 2013 so if Draper is putting an estimate out of 10K by 2017, I presume he made the calculation based on 5 to 6 Billion Dollars in infrastructure investment for a base around $300-360 dollars with the return from the 1 Billion in 2015 launching new industries and increasing trading volumes and usage by at least a few folds around 50x which is fairly aggressive growth but it is tech.

At the very least it will break $500 by 2017 if Seed Funding remains steady in the future, on the low end a price just based on infrastructure would near $200 dollars based on 1 Billion in new seed capital each year to 2017.

http://money.cnn.com/2015/11/02/technology/bitcoin-1-billion-invested/
Total Supply at time of Post
14,826,650
1,000,000,000/14,826,650 = $ 67.446

(For Fun Present Metric P/I I made that up Price to Infrastructure is roughly 5 lol)
Peak was well the metrics for 2013 In Infrastructure divided by then supply and coinage 12 mill round Dec 2013
95.05 mill /12 mill = $7.92  
Price actual peak $1147.25/7.92 = 144.85 lol
http://www.coindesk.com/bitcoin-venture-capital/
https://blockchain.info/charts/total-bitcoins?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

So at theoretical Peak Bubble based on present infrastructure
67.446 * 144.85 = 9769.55 --> 10 K lol

I'll go With PE 5 and say $1500 whistle

That's an excellent analysis. 

I watched and traded tech stocks for many years and a >100 PE ratio is very common for a tech stock during its hyper-growth phase, which Bitcoin is about to enter.

Then consider that Bitcoin only has a fraction of the usual common stock shares and also the fact the entire planet will be chasing it, including low income and impoverished nations and then add the fact people will be able to easily buy Bitcoin on credit and you'll get a boom/bubble like the world has never seen.

The only comparison will be the madness of the tulip bubble where one worthless tulip bought you a house on the canal, currently valued at close to $1,000,000. 

No need for a riddle there, this is simply the result of human greed and fear combined with predictable sheep groupthink, err, the network effect. 

[Vlad2Vlad]

"Blockchain and Biometrics to Reduce Rampant [Government] Corruption."

Oh thank God, traceable and easily confiscateable [digital] money wasn't enough, now the government wishes to add biometrics to the blockchain. 

But not to control the sheep, no, it's to police itself, to catch corrupt government officials.  Bahahahaaa.

I predicted biometrics 2+ years ago and the usual muppets parroted, "the people will never obey such laws."

And soon we will see what I predicted nearly 2 years ago, the Lifewallet attached to your DNA...for your own protection, of course, and to catch those self-policing government officials.  lol

I literally laugh outloud when I read this stuff now. 

[freedomno1]

<-------  Legendary.  

It's about time, Theymos!  lol

Congrats, that makes you and Macro as people who got Legend this period that I noticed it it took a while on mine too so I know that feeling evil RNG.

Thanks the question for me is when Greed coincides with opportunity, I have my hedges for halving 9 months and some to the real rally but some sort of vertical rise preceding it is also likely, this time I thought it was the recent rally but it did seem a bit soon for that.

If those Ratios move to a good multiple it correlates with a price rally of course everyone will see it as well and that will signal a buy order, not entirely convinced we are in a sideways pattern instead of retreading yet though as a recent lag indicator is that google trends seems to be at double the volume of the last peak so I'm not quite sure about this rally ending yet at least until that trend data catches up, and a head and shoulders formation is presently on the price, if it breaks the shoulder then its down more if not then observe either way its funner than it's been in months

(Or a new mining boom appears)
http://www.newsbtc.com/2015/11/11/bitcoin-reaches-the-highest-level-on-google-trends-since-may-2014/

I can chew on it for a while waiting I just need the groupthink mentality to do its job XD or a MMM ponzi whistle lol.

Oh thank God, traceable and easily confiscateable [digital] money wasn't enough, now the government wishes to add biometrics to the blockchain.  
 

I worry about the unchangeable blockchain crime data network, and how the heck you change the entries if a person was found not guilty or someone has a grudge and puts up false entries recorded forever, add in corrupt government officials biometrics and were in for some fun lol.

[Vlad2Vlad]

The blockchain will go closed source eventually, after everyone is in, or at least one way visibility so the govt will have full access to change and alter the chain.  There is no way in hell they're gonna allow all the monkeys to see their transactions, that's another pipe dream which will soon evaporate just like the anonymity and decentralized lies did.

I too feel like we're gonna trade sideways with an upward bias from here until early next year until the next real boom starts so we should see increased volatility along higher lows and higher highs.  If $300 is broken and it stays there a few days in a row then we'll see $220 again but right now it feels like an upward move with high volatility.

As for diversifying - buy the big backer alts but especially the ultra secured merged alts, those will be the prime candidates for sidechains.  I expect banks and corporations to go on a massive hostile takeover spree of these particular alts of their lead devs play the freedom from banks libertarian card. 

[Vlad2Vlad]

Got a little excited and blew my entire $20 [iXcoin] marketing budget on this.  haha.

[Vlad2Vlad]

My last [failed] attempt to take iXcoin mainstream with a $20 marketing budget.  Hahaha!




 
Every CryptoCoin needs a SuperMan!

[Vlad2Vlad]

France is now at war, borders sealed.

But wait, why seal the borders AFTER they already let in all the "terrorists"?  lol

Now here comes the domino effect.  Place your bets, what country will seal everyone inside [for their own safety] next?  I say Italy or Spain.

And of course, they'll then need a way to track these evil doers and what better way than getting rid of anonymous cash. 

Terrorism:  The perfect catalyst & accelerant for all socially undesirable government projects.  lol

The U.S. will be tricky cause they'll need a great excuse to ban guns.  It's gonna get really ugly in places like Arizona and Texas. 

[Vlad2Vlad]

@rtenews: "French President Francois Hollande said he wants the state of emergency declared after the attacks to last three months."

Wait, wut?

Total Lockdown.  120,000 armed troops dispersed.  Now 3 months of practically Marshall Law?

Why?

Oh, to find one scared terrorist twat?  Hahaha!

What's this called?

Fine-tuning the blueprint for a mass takeover and total control of Europe [parallel to a takeover of the U.S.].

This is a test.  This is only a test.

[Vlad2Vlad]

ZeroHedge:  They're coming for your cash!


But that’s not enough, according to some economists. Citicorp’s chief economist, a technocrat named Willem Buiter, thinks the US needs much lower interest rates to push the economy out of the doldrums. He thinks negative interest rates around -6% would do the job. But there’s one condition: For his plan to work, he says, the government must abolish cash.

It’s easy to understand why Buiter might not have warm and fuzzy thoughts about cash. After all, if your bank is taking 6% from your savings, $100 in your account would be worth only $94 at the end of one year, $88.36 after two years, and $83.06 after three years. On the other hand, a $100 bill with Ben Franklin’s picture on it would still be worth… well, $100. Buiter understands that as long as cash exists, no one will voluntarily keep their savings in accounts with negative interest rates.

And Buiter isn’t the only one pointing out that outlawing cash could stimulate the economy, especially in a crisis. In a recent article, Michael Pento, president and founder of Pento Portfolio Strategies, observed:

“Strategies such as pushing interest rates into negative territory, outlawing cash, and sending electronic credits directly into private bank accounts may appear more palatable in the midst of market distress.” (emphasis added)
And the Fed seems to be catching on to the prospect of negative interest rates. At the latest meeting of the Fed’s Open Market Committee, at least one member suggested that negative interest rates might be worth considering.

As for abolishing cash altogether, proposals to do so are much further advanced outside the US. Italy and France have banned allcash transactions over €1,000. Spain has banned cash transactions exceeding €2,500. Similar restrictions are in place in Belgium, Bulgaria, Greece, Mexico, Russia, Uruguay, and other countries.

In the US, cash transaction limits don’t yet exist, but de facto limits already are enforced. I’ve received reports from several clients of interrogations by banks if they withdraw more than a few thousand dollars in cash from their accounts. And depositing or withdrawing more than $10,000 in cash from an account requires that banks (as well as other “financial institutions”) file a Currency Transaction Report with the IRS. “Structuring” a single cash transaction into multiple transactions to avoid this requirement is a crime. And if the circumstances surrounding a transaction above $5,000 are “suspicious,” financial institutions must file a Suspicious Activity Report.

Federal, state, and local law enforcement agencies consider cash holdings inherently suspicious. Under the Alice-in-Wonderland legal process of civil forfeiture, they can seize your cash if they believe that it’s somehow connected to a crime. That’s easy, since nearly 100% of cash circulating today contains tiny concentrations of narcotics residues – primarily cocaine. All police need to do is bring in a drug-sniffing dog to inspect the cash. If the dog alerts, police seize the cash. And under civil forfeiture rules, it’s up to you to prove that the cash has a legitimate origin.

If the government decides to restrict cash transactions or outlaw cash altogether, how would they do it? Actually, efforts along this line are already well under way. Many airlines accept only credit or debit cards for inflight purchases. Louisiana forbids cash for some secondhand sales of scrap metal. A proposal in Wisconsin would ban cash payments for treatment at pain clinics.

But for negative interest rates to really take hold, the Fed will need to step in. One proposal is for cash to be recalled in a very short period – as little as 10 days. Anyone turning in more than a relatively low threshold – perhaps as little as $1,000 – would be required to prove that the cash was generated legally and that all taxes on the income had been paid. Otherwise, 30% or more of the cash would be confiscated.

-----

Now repeat outloud:  "Banks are terrified of Bitcoin.  The Government can never control Bitcoin.  And my favorite:  Kill the Fed!  Kill the Fed!  Kill the Fed!"  Haha.

Feels absurd all of a sudden?

Now you understand how ridiculously funny the lies sounded to me and why I mocked shills like Andreas and Ver since 2013.  I only Wish I would have heard about Bitcoin before it hit $266.

[hdbuck]

Price dumping hard so that was a pre-fed auction pump and dump.  

As for $10,000 price in the near future, I would bet anything I own that we will see much higher prices than $10k in the next 1-2 years.  

I concur with the feds pre auction pump n' dump, altho i should have known better (and make moar out of it) for it seems it happened every time since the last ATH, like a clockwork really.

I also see huge btc price in the medium term (4 to 10 years), but i disconnect it totally from VC funding and their corporation smokescreen.

Imho the sooner these parasites are out of the picture, the better. Bitcoin does not need them Bitpays, Coinbase and other USGoldmanSachs trojan corps, with their freshly printed cash suitcases.

Bitcoin is meant to protect yourself from these vultures and the upcoming financial crisis.

No need to pay groceries with bitcoin, no need mass adoption, no need forking to "save" bitcoin, no need nothing but to keep your private keys safe.

Problem is bitcoin seems to have attracted lots of wannabes, corporatists and statists lately, which are brigading social networks and act as if they represent bitcoin community, with their voting and shit.

Anyway, if Bitcoin survives these suckers, then it is jackpot!

[hdbuck]

Also, regarding france, and as being french, my only take on this BS is that the government should resign and be prosecuted for high treason.

Cant wait for the people to wake up and throw some shit at the fan.

Although it seems the herd is now only good at changing their profil pic on facebook.. 

Anyway, one day maybe.. Vive la Revolution!

[Vlad2Vlad]

Brother, the banks and government own and control Bitcoin and nothing they will kill anything they can't control.

And I think there is a high probability this was planned from day one.  Banks aren't the Trojan horse, Bitcoin is.  Bitcoin will bring everyone in and then we'll see the bait-and-switch.

Sorry, the dream was never real and all the major players who preached freedom from the fed were either fed puppets from day one or accidents [like me] but who flipped for top dollar.  And who can blame them, this is the machine in all its glory - with full rage, nobody will be allowed to stand in its path so you might as well sell out or learn to shut up.  I imagine most big players now know but have too much to lose by speaking up.

I was shocked to hear Trace Mayer (?) parrot my statement about Bitcoin perpetrating the biggest global wealth transfer scheme the world has ever seen.  I think he did it to have plausible deniability at the inevitable congressional hearings and not cause he cares about the people who believed their lies.

[suda123]

Brother, the banks and government own and control Bitcoin and nothing they will kill anything they can't control.

And I think there is a high probability this was planned from day one.  Banks aren't the Trojan horse, Bitcoin is.  Bitcoin will bring everyone in and then we'll see the bait-and-switch.

Sorry, the dream was never real and all the major players who preached freedom from the fed were either fed puppets from day one or accidents [like me] but who flipped for top dollar.  And who can blame them, this is the machine in all its glory - with full rage, nobody will be allowed to stand in its path so you might as well sell out or learn to shut up.  I imagine most big players now know but have too much to lose by speaking up.

I was shocked to hear Trace Mayer (?) parrot my statement about Bitcoin perpetrating the biggest global wealth transfer scheme the world has ever seen.  I think he did it to have plausible deniability at the inevitable congressional hearings and not cause he cares about the people who believed their lies.

what is the new switch?