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Author Topic: HOOOOODL!!!  (Read 934 times)
bitsalame
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Preaching the gospel of Satoshi


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October 05, 2014, 04:57:36 AM
 #1


I am reminding you guys some relevant facts:
1) Paypal is accepting bitcoins
2) Bill Gates declared to be a bitcoin fanboy, very interested in its technology. (So bad he can't own it! Ha)
3) A bitcoin ETFs will be launched soon in Wall Street.
4) SecondMarket is a bitcoin trust with over 70Millions in investments.
5) Pantera Capital has been dealing in bitcoins since the beginning.
6) Even if you don't like it, companies offering user friendly insured wallets popped up in our ecosystem such as Xapo and Circle. Both have substantial investments behind and their products are quite impressive.
7) Assholes such as Butterfly Labs and MtGox are gone. Amateur time is over.
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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Darkmatter12
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October 05, 2014, 07:31:21 AM
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$1000+/btc incoming by december
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October 05, 2014, 07:38:15 AM
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[Suspicious link removed]/wp-content/uploads/2013/10/HOLD-small-300x187.jpg[/img]
I am reminding you guys some relevant facts:
1) Paypal is accepting bitcoins
2) Bill Gates declared to be a bitcoin fanboy, very interested in its technology. (So bad he can't own it! Ha)
3) A bitcoin ETFs will be launched soon in Wall Street.
4) SecondMarket is a bitcoin trust with over 70Millions in investments.
5) Pantera Capital has been dealing in bitcoins since the beginning.
6) Even if you don't like it, companies offering user friendly insured wallets popped up in our ecosystem such as Xapo and Circle. Both have substantial investments behind and their products are quite impressive.
7) Assholes such as Butterfly Labs and MtGox are gone. Amateur time is over.

It's wonderful that Bill Gates thinks it's an interesting technology. He also thought the segway scooter would change the world, but how many people do you know who own one of those?

Let me add another point, which is the most important of all:

8 ) For as much as people think it's an interesting idea or "cool" technology, nobody actually has any use for bitcoin, other than gambling and speculating. 99% percent of holders are doing it in the hopes of getting rich, which is precisely the reason that they're excited for the ETF, because they hope it will provide another chance for "greater fools" to buy in, but in reality nobody really cares outside of this community, and the ETF adds ZERO utility to the protocol.
ravenjt
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October 05, 2014, 07:40:16 AM
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The problem is that even the most ardent supported of bitcoin are just hodling, they are not brave enough to buy.
This is a fantastic buying opportunity, if you believe that BTC can go to 1000 quickly. But no one is buying, just hodling.
The price will never go to 1000 without strong demand.
worhiper_-_
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October 05, 2014, 07:43:59 AM
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$1000+/btc incoming by december

This is not an annual phenomenon.
Bitcoins101
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October 05, 2014, 07:44:23 AM
 #6

Bill Gates said it was an interesting technology, but also said basically that Bitcoin will likely be surpassed by another cryptocurrency.

Quote,

"Bitcoin is exciting because it shows how cheap* it can be. Bitcoin is better than currency in that you don't have to be physically in the same place and of course for large transactions currency can get pretty inconvenient. The customers we're talking about aren't trying to be anonymous. You know they're willing to be known so the Bitcoin technology is key and you could add to it or you could build a similar technology where there's enough attribution that people feel comfortable that this is nothing to do with terrorism or any type of money laundering."

-Bill Gates

http://www.bloomberg.com/video/bill-gates-bitcoin-is-exciting-because-it-s-cheap-dQ4qHV4~TLSnUIuIRfZBVA.html


*He's talking about the cost to transmit bitcoin all across the world, not the current price (LOL).
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