BTC Beginning of the End !

[igorr]

Now we have four large a country of where Bitcoin is severely sanctioned,
or half of the earth, in an area with about 2.8 billion people.

1. China
2. India
3. Kanada
4. Russija

Check this  

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For next 5 days -30% , and again for 11 days -30%, and again, and again, ..........

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Difficulty in 2014 year,

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[1715030117]

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[Miz4r]

Looks bullish to me.

[proudhon]

Now we have four large a country of where Bitcoin is severely sanctioned,
or half of the earth, in an area with about 2.8 billion people.

1. China
2. India
3. Kanada
4. Russija

Check this  

View Screen Capture

For next 5 days -30% , and again for 11 days -30%, and again, and again, ..........

View Screen Capture


Difficulty in 2014 year,

View Screen Capture

This data convinced me that we will see new 2014 lows over the next few weeks as people realize this -30% and the mining factor going down because of ASICs and Moore's law.  This has all been confirmed, and the analysis above clearly demonstrates the problem.

What to do?:  SODL all bitcoin and SHOTR all bitcoin for maximum profit and to protect against painful losses.  Confirmed sources make this clear.

[igorr]

The manufacturer mining hardware for a few months, will no longer have any interest to mine bitcoin and production any ASIC hardware.

[proudhon]

The manufacturer mining hardware for a few months, will no longer have any interest to mine bitcoin and production any ASIC hardware.

Exactly!  This will at least push the price to standard deviated trend line based on the failed exponential growth curve.  That means the price should fall to around $100 in the short medium term optimistic bear case, but will probably go lower in the fourth quarter of bitcoin's fiscal year.

By 2015, the price might, and I say "might", stabilize in the healthy zone (can't provide a chart right now), which is between $1 and $2.  This, of course, assumes a conservative bullish bear case, so we could see much worse. 

By 2016, no bitcoin anymore, and this can be seen in some of the latest confirmed bad news sources, mostly in Chinese and Russian (See Peter R's recent reporting).

All this leads to an inevitable conclusion:  EVERYONE MUST SHOTR BITCOIN at the highest margin levels. 

[wobber]

The manufacturer mining hardware for a few months, will no longer have any interest to mine bitcoin and production any ASIC hardware.

Exactly!  This will at least push the price to standard deviated trend line based on the failed exponential growth curve.  That means the price should fall to around $100 in the short medium term optimistic bear case, but will probably go lower in the fourth quarter of bitcoin's fiscal year.

By 2015, the price might, and I say "might", stabilize in the healthy zone (can't provide a chart right now), which is between $1 and $2.  This, of course, assumes a conservative bullish bear case, so we could see much worse. 

By 2016, no bitcoin anymore, and this can be seen in some of the latest confirmed bad news sources, mostly in Chinese and Russian (See Peter R's recent reporting).

All this leads to an inevitable conclusion:  EVERYONE MUST SHOTR BITCOIN at the highest margin levels. 

I think you over-evaluate the effects of negative news. Their power is not enough to push price to $1-2. But 100s is definitely a target for 2014.

[knightcoin]

The manufacturer mining hardware for a few months, will no longer have any interest to mine bitcoin and production any ASIC hardware.

Exactly!  This will at least push the price to standard deviated trend line based on the failed exponential growth curve.  That means the price should fall to around $100 in the short medium term optimistic bear case, but will probably go lower in the fourth quarter of bitcoin's fiscal year.

By 2015, the price might, and I say "might", stabilize in the healthy zone (can't provide a chart right now), which is between $1 and $2.  This, of course, assumes a conservative bullish bear case, so we could see much worse.  

By 2016, no bitcoin anymore, and this can be seen in some of the latest confirmed bad news sources, mostly in Chinese and Russian (See Peter R's recent reporting).

All this leads to an inevitable conclusion:  EVERYONE MUST SHOTR BITCOIN at the highest margin levels.  

I think you over-evaluate the effects of negative news. Their power is not enough to push price to $1-2. But 100s is definitely a target for 2014.

What is missing on that equation as far as I can see is the fact that bitcoin is getting more and more popular and the earth population is about 7.1 billion...

[cdooer]

Now we have four large a country of where Bitcoin is severely sanctioned,
or half of the earth, in an area with about 2.8 billion people.

1. China
2. India
3. Kanada
4. Russija

I know I'm gonna regret asking this, and I really hate feeding the trolls, but where exactly are "3. Kanada, and 4. Russija? Are you just making this shit up as you go?

[igorr]

Now we have four large a country of where Bitcoin is severely sanctioned,
or half of the earth, in an area with about 2.8 billion people.

1. China
2. India
3. Kanada
4. Russija

I know I'm gonna regret asking this, and I really hate feeding the trolls, but where exactly are "3. Kanada, and 4. Russija? Are you just making this shit up as you go?

Russia;
http://asozd2c.duma.gov.ru/addwork/scans.nsf/ID/CF63A3649915F2B543257C61003AF56A/%24FILE/428896-6.PDF?OpenElement

If you do not understand Russian, you have translated this document here;
https://bitcointalk.org/index.php?topic=412280.180

Canada;
http://www.coindesk.com/bitcoin-not-legal-tender-canada-government-official/

[T.Stuart]

Now we have four large a country of where Bitcoin is severely sanctioned,
or half of the earth, in an area with about 2.8 billion people.

Oh well, only 4.2 billion and a massive black market for all the rest then.

Never mind. Better pack up and go home I guess. Come on igorr, I'll buy you a cup of tea. 

[igorr]

Cleaning mining hardware is started, but I think it is now too late,

Check thread;

https://bitcointalk.org/index.php?topic=419632.0

https://bitcointalk.org/index.php?topic=397876.0

[Cryddit]

I think I see more 'flex' in the situation than some of you.  

Just because a country (China, Russia, etc) may legislate against Bitcoin in the short term doesn't mean that decision is necessarily permanent.  

The same nations banned individual checking accounts and credit cards too, until it became clear that those bans put them on the losing side of economic history.  And then the bans fell.  

If they ban Bitcoin now, while it takes off in the North America, South America, Western Europe, Southeast Asia, Australia, and Africa, it's pretty clear that the ban will be on the losing side of economic history.  I don't see those bans holding up for more than two or three years, and I don't see Bitcoin prices falling much during that time given that the uptake in other places is rapidly accelerating.

Bans will though have a horrible economic effect on the countries doing the banning, and they will realize this probably a bit too late.  They'll be keeping it banned through a long run-up in price.  That's a huge amount of wealth being distributed to other nations where Bitcoins are held and circulated.  The nations banning Bitcoin are cut out of this wealth, and further behind the economic eightball every week the bans stay up.

[Anacronix]

OMFG ... SLELL all of it . It is going to $10 !! 

[T.Stuart]

OMFG ... SLELL all of it . It is going to $10 !! 

I don't usually gloat, but I have to say it will be very tempting to contact Professor Williams mid-year to see if he would like to make another widely-publicized announcement, to follow up on his story.

[Tzupy]

Just because a country (China, Russia, etc) may legislate against Bitcoin in the short term doesn't mean that decision is necessarily permanent.  

With China and Russia it's permanent. Totalitarian regimes don't want their powers undermined by cryptos.
If they will feel a need, they'll launch their own state-controlled crypto, with some of the properties of bitcoin.

[knightcoin]

OMFG ... SLELL all of it . It is going to $10 !! 

I don't usually gloat, but I have to say it will be very tempting to contact Professor Williams mid-year to see if he would like to make another widely-publicized announcement, to follow up on his story.

Another begging "please-drop-the-fiat-price-because-I-really-want-to-buy" story ...

[Peter R]

OMFG ... SLELL all of it . It is going to $10 !!  

Interesting and worrisome article.  Their research showed (see newspaper image above) that 47 people own 29% of all bitcoins and that 930 people own 50% of all the bitcoins.  Mark Williams is a Boston University Finance Professor so it's confirmed that he did his due diligence and we can take everything in that newspaper article as fact, especially since one of the sources is Forbes.    

But now look at this completely independent thread form Risto.  Here Risto uses advances techniques such the Pareto principle and other sophisticated deductations to also definitively conclude the exact same thing!  In fact, both of their methodologies are so precise that they both estimate exactly 47 people control 29% of the BTC.  Not 46 or 48 but 47.  These guys are that good.  

3. Dec 2013

#People	#Bitcoins	#TotalBitcoins
47	BTC10k+	3.5M
880	BTC1k-10k	2.6M
10k	BTC100-1k	3.0M
63k	BTC10-100	1.8M
210k	BTC1-10	0.6M
350k	BTC0.1-1	0.1M
350k	BTC0.01-0.1	0.0M
210k	BTC0.001-0.01	0.0M

So, Risto says that 47 people control 3.5M of the 12.1M coins.  3.5M / 12.1M *100% = 29%.  These are the "47 powers" that control 29% of the BTC that Williams stated "collaborated to push up the prices to where they are today."  

Risto says that 47 + 880 = 927 people control 3.5M + 2.6M = 6.1M.  And 6.1M / 12.1M = 50%.  And the newspaper article above states that 930 people control 50% of all the coins.  Coincidence?  Obviously not.  

So, we can clearly conclude two things:

1.  Risto's deductive reasoning is literally amazing.  He was able to essentially guess the exact wealth distribution of bitcoin which has now been verified by multiple independent sources.  

2.  Prof Williams used advanced methodology from the Science of Economics, and sources including Forbes, to independently come up with precisely the same top-heavy distribution.  Using this same methodology, he was also able to show that exactly 47 people colluded to push up the price.

3.  We have confirmation that we indeed have confirmed the precise wealth distribution on an individual-by-individual basis in bitcoin. This is obviously the beginning of the end of bitcoin.  

[Tzupy]

As long as the bitcoin cartel of the largest holders keep holding, creating artificial scarcity, the current very high prices won't drop too much.
But if they decide to sell a significant proportion, for whatever reason, it's going to be single digits for a while.

[adamstgBit]

OMFG ... SLELL all of it . It is going to $10 !!  

same with dollars and gold and silver and any form of money that ever was.

how many US dollars does china own?

this is a ridiculous argument / conclusion.

[piramida]

so now we have two topics about confirmed bad news from sources? this is spreading, soon all forum will understand the true truth about things! too late to sodl and shotr already, crash is already happens.