BTC King (OP)
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May 12, 2014, 03:10:26 PM |
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bitebits
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Activity: 2250
Merit: 3588
Flippin' burgers since 1163.
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May 12, 2014, 09:29:04 PM |
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What do you think?
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- You can figure out what will happen, not when /Warren Buffett - Pay any Bitcoin address privately with a little help of Monero.
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phillipsjk
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Activity: 1008
Merit: 1001
Let the chips fall where they may.
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May 12, 2014, 09:36:47 PM |
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I am thinking of setting a price alert at $320 so I can buy up coins around $300. I predicted in early November we would never see $300 again (but did not actually make a leveraged bet). I would hate to be wrong Edit: this clued me in that the article is 3 months old: I’m already ‘in print’ with a large wager challenge to Mr Williams that Bitcoin will be trading on MtGox closer to $1000 than $10 by 1st May 2014 – so far he hasnt had the “balls” to take up the challenge.
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James' OpenPGP public key fingerprint: EB14 9E5B F80C 1F2D 3EBE 0A2F B3DE 81FF 7B9D 5160
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jbrnt
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May 12, 2014, 10:16:57 PM |
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I think it is a fair review. "Majority if all coins are held by a small group of people" is very true indeed, and early adopters are become speculators What is worth noting is that the writer seems to believe bitcoin has a low chance of mass adoption and another crypto will replace bitcoin with all the flaws corrected.
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odolvlobo
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Activity: 4466
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May 13, 2014, 12:10:35 AM |
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The article is worthless. It is based on a fallacy: Just 47 people own 29% of all outstanding Bitcoins; 930 own 50%. Another 10,000 folks bring the total owned by the largest coin holders to roughly 75%, leaving a sliver to be split among about 1 million small-change Bitcoiners.
Addresses =/= people.
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Join an anti-signature campaign: Click ignore on the members of signature campaigns. PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
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aminorex
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Sine secretum non libertas
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May 13, 2014, 04:20:47 AM |
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I think it is a fair review. "Majority if all coins are held by a small group of people" is very true indeed, and early adopters are become speculators What is worth noting is that the writer seems to believe bitcoin has a low chance of mass adoption and another crypto will replace bitcoin with all the flaws corrected. And if you want to buy that new watershed crypto while it is still cheap, you will be using....BTC. Best to stock up on BTC while it is still cheap.
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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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BittersNVermouth
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May 13, 2014, 04:48:02 AM |
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Here Here! get them while they are cheap!
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sana8410
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May 13, 2014, 12:06:25 PM |
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This author knows nothing about Bitcoin. Bitcoin is a deflationary currency and can never be inflated. It’s amazing how people can get paid to write about a subject they know nothing about. Bitcoin is unique in that it is free from borders and government interference, and is already backed by immense distributed computing power that offers you a guarantee on the integrity of transactions.
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RENT MY SIG FOR A DAY
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devphp
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May 13, 2014, 12:38:15 PM |
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This author knows nothing about Bitcoin. Bitcoin is a deflationary currency and can never be inflated.
It seems you have your definitions mixed up a bit. Purely deflationary currency means its supply is frozen. Technically Bitcoin is inflationary, because new supply is constantly added to the market. If demand exceeds this supply, there can be periods of deflation, when prices drop, but this is deflation of goods priced in that currency. However monetary inflation of Bitcoin is still there, although it may not be visible. Here is a link for you: http://en.wikipedia.org/wiki/Monetary_inflationOnly Proof-of-Stake currencies can be considered deflationary in the strict meaning of this word, because their supply is fixed and not growing after genesis block. Bitcoin will become deflationary when the last bitcoin has been mined into existance, but it's still a few years away.
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Lauda
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Terminated.
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May 13, 2014, 08:08:42 PM |
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This author knows nothing about Bitcoin. Bitcoin is a deflationary currency and can never be inflated.
It seems you have your definitions mixed up a bit. Purely deflationary currency means its supply is frozen. Technically Bitcoin is inflationary, because new supply is constantly added to the market. If demand exceeds this supply, there can be periods of deflation, when prices drop, but this is deflation of goods priced in that currency. However monetary inflation of Bitcoin is still there, although it may not be visible. Here is a link for you: http://en.wikipedia.org/wiki/Monetary_inflationOnly Proof-of-Stake currencies can be considered deflationary in the strict meaning of this word, because their supply is fixed and not growing after genesis block. Bitcoin will become deflationary when the last bitcoin has been mined into existance, but it's still a few years away. POS coins are deflationary? You have no clue what you're talking about. Here you go, read about a POS coin: http://en.wikipedia.org/wiki/Peercoin
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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RodeoX
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Activity: 3066
Merit: 1147
The revolution will be monetized!
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May 13, 2014, 08:16:16 PM |
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Their 2011 prediction was that bitcoin can't work because it's not backed by anything. Why should I care about their guess now?
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Robin_Good
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Activity: 140
Merit: 10
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May 14, 2014, 03:07:04 AM |
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I don't trust to predictions of Forbes! Bitcoin is a complex system, whose development depends on many factors. IMO, Bitcoin is perspective
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devphp
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May 14, 2014, 05:10:30 AM |
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DhaniBoy
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May 14, 2014, 06:57:32 AM |
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lol forbes i see many interesting comment in that site he knows nothing about BTC, and make statement like that nobody believe that
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bitcoinboy163
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Activity: 45
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May 15, 2014, 04:12:52 AM |
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i think btc will reach the price at 5000 usd
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spring.yu
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Cryptocurrencies is future
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May 15, 2014, 05:47:51 AM |
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Bitcoin is a complex system, whose development depends on many factors. IMO, Bitcoin is perspective
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Midwestbitcoiner
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May 15, 2014, 06:02:36 AM |
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i think btc will reach the price at 5000 usd
I think it is a long ride to 5k. No doubt it gets there, but honestly, I do not see it in the next 2 years
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RCHumphrey
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May 17, 2014, 01:13:28 PM |
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i think btc will reach the price at 5000 usd
I think it is a long ride to 5k. No doubt it gets there, but honestly, I do not see it in the next 2 years I think by the end of July if there is no recovery you'd be correct but if it starts picking up and breaks the $1k barrier again who knows...
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hensi
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Merit: 10
TheSlimShady
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May 19, 2014, 02:06:45 PM |
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There's nothing much to think, forbes is generally correct
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