DieJohnny (OP)
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January 14, 2014, 11:45:37 PM |
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This thread dedicated to your Bitcoin prophesies, either about Bitcoin or Bitcoin related events. Here are mine: In 2014: Mt Gox Failure China exchange failure One major startup failure, I am going with CoinBase Exponential difficulty creates massive destruction of mining base, at least one proven attempt at 51% attack as desperately leveraged mining groups cheat to compete. Half of mining consortiums collapse as Bitcoin supply overwhelms demand as mainstream adoption not quite ready and bills have to be paid in fiat Price crash to <$50 in September before ending year on a rebound to $225 In 2015: Disasters of 2014 force 51% code fix immediately adopted by all miners Bitcoin also reverts to code defensive against ASIC and GPU, Intel stock sores on the news Bitcoin established as reserve currency for the Republic of Congo Federal Reserve releases digital currency to compete with Bitcoin, one FedCoin is pegged to the value of a US Postage Stamp Bitcoin ends year at $3k All said, I am hodling
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Those who hold and those who are without property have ever formed distinct interests in society
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ElectricMucus
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Marketing manager - GO MP
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January 14, 2014, 11:51:01 PM |
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Not a prophecy but a statement: mtgox is too big to fail, deal with it.
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aminorex
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Sine secretum non libertas
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January 14, 2014, 11:52:00 PM |
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Not a prophecy but a statement: mtgox is too big to fail, deal with it.
Dead man walking then.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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Walsoraj
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January 14, 2014, 11:53:11 PM |
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In 2016:
Dogecoin overtakes Bitcoin.
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hyphymikey
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January 14, 2014, 11:53:54 PM |
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This thread is dedicated to bad news prophecies only?
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traderCJ
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January 15, 2014, 12:02:29 AM |
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I'd like to add to the 2014 predictions: Bitcointalk will update its spell checker to accept "hodl". This thread is dedicated to bad news prophecies only?
He did predict a 2015 recovery didn't he?
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DieJohnny (OP)
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January 15, 2014, 12:02:48 AM |
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This thread is dedicated to bad news prophecies only?
Heck no, is $3k Bitcoin at the end of 2015 bad news? ....Well maybe for some people
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Those who hold and those who are without property have ever formed distinct interests in society
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Odalv
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January 15, 2014, 12:18:39 AM |
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OP ... and then you will wake up with hand in the potty.
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knightcoin
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Stand on the shoulders of giants
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January 15, 2014, 12:25:26 AM |
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I'd like to add to the 2014 predictions: Bitcointalk will update its spell checker to accept "hodl". This thread is dedicated to bad news prophecies only?
He did predict a 2015 recovery didn't he? True, hodling still tricking search engines outside our cluster ( search engines are clever but not clever enough to break into all human language nuances ) they need break a threshold ( google got about 86,300 results, index) -ps0 About AI ( 10 minute gentle intro Artificial Intelligence for Humans, Volume 1: Fundamental Algorithms ( http://www.youtube.com/watch?v=Ftk0iTdGlN4 ))
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ablewasiereisawelba
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January 15, 2014, 04:36:18 AM |
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This thread is dedicated to bad news prophecies only?
Heck no, is $3k Bitcoin at the end of 2015 bad news? ....Well maybe for some people That would represent the slowest growth Bitcoin has ever experienced.
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kkaspar
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banned but not broken
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January 15, 2014, 06:00:19 AM |
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2014-2016 A new decentralized monetary system is created by a known software company that will outmatch bitcoin in general quality. 99,9% of funds flow from bitcoin to this new coin. This is the only thing I am quite sure of Hard to predict when will it happen though.
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Bitbuy
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January 15, 2014, 10:43:23 AM |
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2014-2016 A new decentralized monetary system is created by a known software company that will outmatch bitcoin in general quality. 99,9% of funds flow from bitcoin to this new coin. This is the only thing I am quite sure of Hard to predict when will it happen though. Intruiging! Can I kindly ask on what this is based, or did a little bird tell you?
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T.Stuart
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January 15, 2014, 12:05:00 PM |
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2014-2016 A new decentralized monetary system is created by a known software company that will outmatch bitcoin in general quality. 99,9% of funds flow from bitcoin to this new coin. This is the only thing I am quite sure of Hard to predict when will it happen though. Maybe you are joking but if not you are not allowing for psychology. Bitcoin has massive momentum compared to all others. And psychologically this momentum counts for much more than the sum of its technical, geographical, business, etc. parts. The fact that there are so many altcoins actually counts against them. You've got "Bitcoin... then all the rest" and not "Bitcoin... and its three competitors" for example. Litecoin is miles away from Bitcoin. The fact that there are so many alts cheapens them and also makes people automatically more suspicious of any new attempt to "jump on the bandwagon" and create a new coin. It has already got to farcical levels with Coinye etc. This is a sign that creating a new coin, even if it comes from a big player, government or business, will be very tough right now. Any new coin will have to gain traction by itself and the sign it is really something will of course be when its price is not tied to Bitcoin. I cannot see a serious altcoin competitor overtaking Bitcoin for a long time - absolute minimum several years (between 5 to 7) before this might begin to happen.
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Wilhelm
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January 15, 2014, 09:00:16 PM |
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$50 per coin WAHAHAHAHAHAH bet your having wet dreams ....
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Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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RodeoX
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The revolution will be monetized!
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January 15, 2014, 09:11:16 PM |
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2014-2016 A new decentralized monetary system is created by a known software company that will outmatch bitcoin in general quality. 99,9% of funds flow from bitcoin to this new coin. This is the only thing I am quite sure of Hard to predict when will it happen though. There might be a new more compelling coin someday, but it is not going to come from a software company. One of the most important things about bitcoin is it's open source nature. No proprietary software can ever compete with bitcoin because of trust. I would not give a penny for some company's stupid coupons. Coupons that they control the value and supply of? Please.
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aminorex
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Sine secretum non libertas
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January 15, 2014, 09:20:20 PM |
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2014-2016 A new decentralized monetary system is created by a known software company that will outmatch bitcoin in general quality. 99,9% of funds flow from bitcoin to this new coin. This is the only thing I am quite sure of Hard to predict when will it happen though. If ripple can't do it, it's unlikely anyone else can.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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XxionxX
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Digital money you say?
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January 15, 2014, 09:24:12 PM |
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$50 coins? I wish. Have you been looking at my Christmas list?
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FAP Turbo 2.0, the FOREX trading robot which also trades bitcoin! I had to link it because I love the name. Seriously, that is the real name.
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Dafar
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dafar consulting
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January 15, 2014, 09:44:41 PM |
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This thread is dedicated to bad news prophecies only?
Heck no, is $3k Bitcoin at the end of 2015 bad news? ....Well maybe for some people Yeah.... $3k by end of 2015 is extremely disappointing compared to past performance. I would call this bad news
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mestar
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January 15, 2014, 11:32:00 PM |
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Yeah.... $3k by end of 2015 is extremely disappointing compared to past performance. I would call this bad news
Since bitcoin in probably the only financial instrument where increase in price causes a guaranteed increased selling pressure, due to the fact that miners have to cover their costs, I would say that any strong past performance will actually cause the price to decline in the future, and not continue in the up direction. So, if it stays at 1k at the end of 2014, this would be extremely surprising result.
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aminorex
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Sine secretum non libertas
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January 16, 2014, 02:14:26 AM |
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Yeah.... $3k by end of 2015 is extremely disappointing compared to past performance. I would call this bad news
Since bitcoin in probably the only financial instrument where increase in price causes a guaranteed increased selling pressure, due to the fact that miners have to cover their costs, I would say that any strong past performance will actually cause the price to decline in the future, and not continue in the up direction. So, if it stays at 1k at the end of 2014, this would be extremely surprising result. I see. So what you're saying is that the higher the price goes, the less it is worth.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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