BTCfaucetTIME
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July 22, 2014, 11:06:14 PM |
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The internet bubble caused temporary economic devastation however it did allow a lot of infrastructure to be build so that a lot of technology could be developed
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jonald_fyookball
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Core dev leaves me neg feedback #abuse #political
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July 22, 2014, 11:28:52 PM |
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$25k to $50k per coin is as far as I allow my imagination to take me
I agree that some of the more optimistic scenarios are a real stretch of one's imagination
I still can't imagine it going that high. I think I could accept it going to $5k-10 but don't think it could go any higher than that. Based on what? Your imagination? Or actual price modelling and economic data? |
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twiifm
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July 23, 2014, 04:57:40 AM |
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We are a part of the Crypto bubble the internet bubble 2.0
Crypto is following the same trajectory of the internet. The internet was created and then a couple years later start ups started to pop up.
Bitcoin was created then a couple years later start ups are starting to pop up.
How big do you think this bubble will get?
I think we are in the early adaptors phase. I mean, still today, many people have no clue about wallets, bitcoin transactions etc.. New technology is generally adapted slowly.. it took a while until there were lightbulbs in every house hold, it took a while until there was a train network in the US, I think the same applies to cryptocurrency. Such things never happen in an eye blink, in a few years I think bitcoin market will be 4 to 10 times the current size. You'd be surprised how many people know about about but just don't care. I think the people interested in bitcoin heard that someone made a ton of money. Its similar to 2000's tech bubble. Only a few companies of that era kept going til today. Most of them went bust |
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Ron~Popeil
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July 23, 2014, 05:16:10 AM |
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It is literally a shot in the dark to try and predict anything at this point. If the dollar collapses as some predict bit coin could explode over night. Draconian laws or regulations could slow growth to a crawl. We could get months of good news and the price could refuse to budge for some reason.  |
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nutildah
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July 23, 2014, 05:38:19 AM |
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I love these types of threads. It seems to me that the masses have yet to truly catch on, but for a lot of people the incentives to do so just aren't there yet. The bubble can't deflate significantly until it has its own "51% attack" (more than 51% of the investor scene realizes they are in a bubble). Chart reading is definitely an art... My suspicion is that QE threw TA out the window, as far as relying on classic investor psychology to predict price movement of stocks and bonds is concerned. But when it comes to bitcoin, thats a whole nother story. And it looks to me like we are consolidating for a new leg up in the next month or so. Just my guess. |
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lihuajkl
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July 23, 2014, 07:42:35 AM |
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From the recent price movement the price of BTC is reasonal, and not depart much from its intrinsic value. In 2013, the price reached to $1000. The speculation in China is crazy. The government wouldn't just sit around, they oppressed the speculation.
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rabbiter
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July 23, 2014, 08:48:27 AM |
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What bubble is the OP talking about? The value of bitcoin is minuscule compare to even a potential 1% of world currency usage? With big companies like DELL starting to recognise Bitcoin I wouldnt be surprised if Bitcoin wasn't at the very least 10% of global commerce in say 5-10 years. Throw a currency collapse into the mix and you got One a bitcoin valued at $50,000 without any sweat.
Of course a bitcoin might not go mainstream but many signs are starting to look like it is.
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BitcoinSquid
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July 23, 2014, 11:05:22 AM |
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Hello newbie here  I have just bought my first bitcoin from bitstamp. Should I keep half as bitcoin and split half across altcoins? Which altcoins should I buy and where? Thanks for help in advance |
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LiteCoinGuy
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In Satoshi I Trust
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July 23, 2014, 11:12:37 AM |
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i guess first to da Moon and then to daaaa Mars  @BitcoinSquid dont buy any altcoin yet. just learn about bitcoin first. |
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cuddaloreappu
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July 23, 2014, 11:19:50 AM |
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Hello newbie here I have just bought my first bitcoin from bitstamp. Should I keep half as bitcoin and split half across altcoins? Which altcoins should I buy and where? Thanks for help in advance i would suggest 70:30 i.e bitcoin 70 and altcoin 30 |
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luttelcoin
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July 23, 2014, 11:33:48 AM |
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as big as the money bubble.. ?
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gravitate
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Merit: 1000
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July 23, 2014, 12:02:31 PM |
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All I know iss this. I am putting every last penny of fiat I have into bitcoin rather than saving for a much bigger house we need for my kids Hello newbie here I have just bought my first bitcoin from bitstamp. Should I keep half as bitcoin and split half across altcoins? Which altcoins should I buy and where? Thanks for help in advance i would suggest 70:30 i.e bitcoin 70 and altcoin 30 Nxt coin are going well at the moment and pushing it like m,ad. There is no stopping them. |
To peel or not to peel.
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BowieMan
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Is there life on Mars?
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July 23, 2014, 12:03:58 PM |
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It's merely a technology, that's the thing that makes me optimistic in this case. The Internet bubble also saw a lot of companies that actually made it! As long as you invested in the Internet itself, you won. With bitcoin this is even easier!
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gravitate
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July 23, 2014, 12:05:31 PM |
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It is literally a shot in the dark to try and predict anything at this point. If the dollar collapses as some predict bit coin could explode over night. Draconian laws or regulations could slow growth to a crawl. We could get months of good news and the price could refuse to budge for some reason. We already have had a month of good news recently and it has been the same. I know it and I can fell it that a boom is coming soon. I emptied myy banks to my over draft limits and bought bitcoin as I know something is coming soon. Obviously I have a very good job and can afford to empty my bank account for this. I would not recommend getting into debt you cant pay back. |
To peel or not to peel.
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BowieMan
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Activity: 154
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Is there life on Mars?
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July 23, 2014, 12:09:09 PM |
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It is literally a shot in the dark to try and predict anything at this point. If the dollar collapses as some predict bit coin could explode over night. Draconian laws or regulations could slow growth to a crawl. We could get months of good news and the price could refuse to budge for some reason. We already have had a month of good news recently and it has been the same. I know it and I can fell it that a boom is coming soon. I emptied myy banks to my over draft limits and bought bitcoin as I know something is coming soon. Obviously I have a very good job and can afford to empty my bank account for this. I would not recommend getting into debt you cant pay back. So did you actually go into the red numbers for this? I mean going all BTC is very risky, but if you have a well paying job and can afford a loss of principal, you may just give it a shot. As for the dollar being destroyed by Bitcoin... I highly doubt that! Also I don't know if an apocalyptic wasteland will resort to Bitcoin as their currency... |
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gravitate
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July 23, 2014, 12:14:17 PM |
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This month on the red yeah I bought 10. I can pay it back next month though and go back to buying my 1 pew week |
To peel or not to peel.
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BowieMan
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Is there life on Mars?
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July 23, 2014, 12:32:10 PM |
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This month on the red yeah I bought 10. I can pay it back next month though and go back to buying my 1 pew week Alright, just make sure to not borrow money from people. Keep in mind that this experiment can still go very wrong!!! Failure is always an option! Be careful and secure your Bitcoins! |
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blatchcorn
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July 23, 2014, 12:36:17 PM |
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I too am all in on Bitcoin (as well as my overdraft). I started my business while I was in debt, and have no intentions of paying it off until the next bubble. If Bitcoin fails, all I have lost is time and opportunity cost
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jubalix
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July 23, 2014, 12:38:33 PM |
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100K easy
1M each is not out of the question.
I mean the worlds largest company is 10T and it only pulls oil out of the ground
BTC is the whole damn money side of things so 2.1~21T sure ok.
the stronger BTC gets the more chance to do this as more value money on the table to do things with.
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