We missed the moon

[MrTeal]

Glad we missed the moon. Last thing I want to see is some guy's ass

Are you suggesting you want to miss the moon and crash into Uranus?

[1715014071]

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[haoyun456]

A large number of transactions will make the equilibrium of price,but now the real deal too little, leading to price instability,  I guess after the 99%  number of all the coins are dug out the price will be stable.

[grendel25]

The moon is about 1/4 the size of earth and is frequently in plain sight from the earth.  Not sure how we missed it.  

But regarding the price of bitcoin... how much should it be worth, anyways?

[Enochian]

The moon is about 1/4 the size of earth and is frequently in plain sight from the earth.  Not sure how we missed it.  

But regarding the price of bitcoin... how much should it be worth, anyways?

I've said this before.  95 cents.

[Troonetpt]

The moon will come back, be patient.

[bitcoin carpenter]

Bitcoin will come back again.

Next run will be powered by decentralized exchanges like coinffeine (for on-ramping) and bitshares (for trading). This wouldn't have happened without stamp, gox, and all the other continual fuck-ups by exchanges. Antifragile means we adapt and evolve.

And OpenBazaar (for commerce) 

and viorcoin gateway for telcom

[cbeast]

Bitcoin will come back again.

Next run will be powered by decentralized exchanges like coinffeine (for on-ramping) and bitshares (for trading). This wouldn't have happened without stamp, gox, and all the other continual fuck-ups by exchanges. Antifragile means we adapt and evolve.

And OpenBazaar (for commerce) 

Decentralized exchanges will be slow and steady. They will provide stability.

[twister]

We need to get a couple of celebs to gain interest... Lebron "For my next destination I'm taking my BTC to ......"

I think you might be right, we need some celebs like Justin Beaver etc

[cbeast]

We need to get a couple of celebs to gain interest... Lebron "For my next destination I'm taking my BTC to ......"

I think you might be right, we need some celebs like Justin Beaver etc

We all need to to be Justin Beaver from time to time.

[Chef Ramsay]

We need to get a couple of celebs to gain interest... Lebron "For my next destination I'm taking my BTC to ......"

I think you might be right, we need some celebs like Justin Beaver etc

We need Vin Deisel on our side, this would be a rush to the moon.

[Mellnik]

This thread makes no sense.

We didn't even launch to the moon. Saying "We missed the moon." would only be valid if something bad happens during a bullrun.

[Kprawn]

It's funny how these types of threads increase, when the Bitcoin price goes down. 

Some people are so focussed on the price, they totally miss the real value of the technology. The nature of all things are the same.... for everything.

People will cheat and steal, no matter, what the technology are.
What goes up, will go down

I am focussed on the use and what change it can make in millions of people's lives..... If I get any value from it, it will be a bonus. 

My view or opinion of the Moon is, when millions of people can have easy access to global capital without having to share it, with the richest people or companies in the world. { Paying enormous fees, and eating away at the hard earned money } So in a sense, we already reached the Moon with that goal.     

[sergio]

A good idea never dies, crypto currencies are here to stay.

What is hurting bitcoin right now are regulations. yes, regulations that do not apply to currencies of other currencies and create unfair competition.

for example in the USA you can not buy/sell bitcoins anonymously, but you can for other currencies, for example in San Ysidro CA, you can buy/sell pesos/dollars in exchanges available to the public completely anonymous, for example if you converted to pesos and the peso gained value you would not be expected to pay capital gain taxes, and if you had pesos and the dollar lost value you would also not be expected to pay capital gains tax. why discriminate against bitcoin?

This has created an environment where is is very easy to sell bitcoins and hard to buy, most vendors that accept bitcoin just convert it to fiat, few are the ones that keep the bitcoins.

if it was not because of regulations there would be a bitcoin vending machine in every city.

I do not believe people should pay an inflation tax, that is like getting gipped, you paid your taxes, and then have to paid taxes on money that was already taxed, and then taxed again an again for the same money, at that rate taxes exceed the amount you are trying to save.

To makes things worse some countries that do not value economic freedom ban bitcoin altogether, the IRS make a ruling that is property, this was done in purpose to get easy money and to discourage bitcoin usage.

my prediction on bitcoin is that it will hit a bottom, and then bounce back.
in the years 2009,2010,2012,2012 the users of bitcoin were people that believed in bitcoin, the average guy.
in 2013 bitcoin got a lot of publicity, lots of regulations that kicked in on 2014, and even though a lot more people that believed in bitcoin, it also got in a lot of people trying to make easy money, that created the bitcoin buble.
2014 was the year of legislation, rules, bitcoin was banned in some countries, in some countries it was left free, on others it was heavily regulated.
2015 bitcoin will hit bottom and then bounce, it will not die.

things to learn decentralization is good, centralization is bad.
simplicity is good, making things complicated is not good.

once mining becomes decentralized again, it will help the bitcoin enocomy, once BFL and KNC go bankrupt it will help a lot to weed out the scammers.

my advice is to hold on to some bitcoins, since 5 years from now, they will either we worth a lot, or very little, if they are worth a lot it means bitcoins have succeeded and people on this planet who choose to have financial independence   can have the freedom to have financial independence.

For bitcoin to succeed we must concentrate on making easy to buy to the average person, and try to keep it free from regulations as much as possible, regulations only cripple bitcoin, and a cripple bitcoin will have a hard time competing against other currencies that have other set of laws.

The worst bitcoin crash was in 2011 when it lost 90% of its value, I had a prediction that in future bubbles that bottom would always be at a lesser percentage than previous bubbles, if we take the peak of 2013 at $1240, and apply 10%, thats $124, I strongly believe that bitcoin will not go below this amount.
I think we are near the bottom of the crash now.

All the alt coins are dying right now, if we join forces and all get bitcoins, it will help the bitcoin economy, and that is much better than having a fragmented digital economy in bad shape.

mining also has become a problem due to centralization, in the early years of bitcoin the block reward was 50 btc and it was not a problem, now it is only 25 btc and it is creating a big problem, the reason is simple when it was 50 btc most miners were independent using CPUs and then GPUS, most of them believed in the bitcoin economy and kept the coins, now it has become centralized by the greedy asic makers, like KNC who lied to their customers and now control a very large percentage of the mining network, this people do not believe in the bitcoin economy and immediately  as soon as the value of bitcoin goes up they sell all the coins making the value go down.

To solve this problem, we need more independent miners, but the problem is the hardware it has to be purchased by the very same guys that are creating the problem, we need someone with cash and that believes in the bitcoin economy to step in and build quality miners a low cost for the independent miners as long as this does not happen it will be very hard for the independent miners to compete against the big guys.

In brief this are the 3 main problems causing the price to go down:
1. regulations and laws, we have to lobby for less regulation not more, otherwise more guys like Charlie Shrem or Roger Ver will be picked on by the authorities to be used as examples with the goal to discredit bitcoin, so far the strategy has worked to some degree, we need a free bitcoin ( as in freedom). Remember it is people like them that helped jump start the bitcoin economy not the ones creating the regulations.
2. mining has to become more decentralized, and its becoming more centralized, someone that truly believes in the bitcoin economy needs to start making low cost hardware exclusively for the independent miners, this will cause the price of bitcoin to go up, since the only miners that hold on to the coins are the independent miners, and it will help protect against a 50% attack, otherwise it will be extremely difficult for the independent miners to compete against the big guys, and this will cause the price to go down like it is happening now.
3. buying needs to be made easy, just as easy as selling, normally every purchase is a sale this cause the price to go down, buying should be made easy, since buying is what causes the price to go up, maybe this is where decentralized exchanges will step in. if we manage to make buying bitcoins idiot proof the price will go to the moon, but creating a method for buying to be idiot proof will not be an easy task.

if we manage to improve in this 3 areas I am very confident that the bitcoin price will go up and help stabilize
bitcoin.

[thompete]

Ok bros, it's pretty clear now that we missed the moon. But why?

A considerable fraction of total bitcoins was mined during the early days/months, another was stolen during  an impressive number of various scams and hacks, another was earned by trading manipulation.

All this people, all clever than me, has probably already cashed out a ton of fiat at a better price, and is currently still doing it, they will do it untill people put money in it, because they have a tons of cheap btc, and want to convert to a ton of fiat before collapse.

This bubble was very bad for me: I buyed even at 4 digits, i build a scrypt miner and I was not able to ROI, I was scammed for little amounts. I never sold, beside little bad trades.

I am still glad to be here on this forum, but I have never seen so much scam attempts, here nobody trust nobody (and probably should not) and there's hardly someone who will help you for nothing - and it's a forum!

6 2 billion dollars of purchasing power, and what is the great thing the bitcoin community is currently doing for the world? Scamming each other for penauts. Oh yeah, and gambling.

We missed the moon. Maybe it's time to ask us why.

Like Coindesk pointed out the price isn't what the factor running bitcoin, its the ecosystem which is evolving around it.

[CanadaBits]

Bitcoin reminds me of the wild wild west..

[Kprawn]

Well, Bitcoin is more or less 6 years old, where fiat currency are hundreds of years old. In comparison, we are in the wild wild west stage of the cycle of the currency.

I have seen MANY alternative uses for Bitcoin in the last 6 years, where FIAT has been standing on one spot, and the only alternative use for fiat, could be to wipe your ass, if you run out of toilet paper or use the coins in art, after a train rolled over it on a rail 

[Q7]

Let them cash out. They have made their fortune so now is our turn. The opportunity for us to still acquire bitcoin at such low price is still there. If you consider that one day a bitcoin might be worth thousands, current price means it is still low.

[Soros Shorts]

We need to get a couple of celebs to gain interest... Lebron "For my next destination I'm taking my BTC to ......"

I think you might be right, we need some celebs like Justin Beaver etc

We all need to to be Justin Beaver from time to time.

Who is Justin's beaver? I know he broke up with Selena Gomez a long time ago but I don't keep track of celebs.

[erre]

A good idea never dies, crypto currencies are here to stay.

What is hurting bitcoin right now are regulations. yes, regulations that do not apply to currencies of other currencies and create unfair competition.

for example in the USA you can not buy/sell bitcoins anonymously, but you can for other currencies, for example in San Ysidro CA, you can buy/sell pesos/dollars in exchanges available to the public completely anonymous, for example if you converted to pesos and the peso gained value you would not be expected to pay capital gain taxes, and if you had pesos and the dollar lost value you would also not be expected to pay capital gains tax. why discriminate against bitcoin?

This has created an environment where is is very easy to sell bitcoins and hard to buy, most vendors that accept bitcoin just convert it to fiat, few are the ones that keep the bitcoins.

if it was not because of regulations there would be a bitcoin vending machine in every city.

I do not believe people should pay an inflation tax, that is like getting gipped, you paid your taxes, and then have to paid taxes on money that was already taxed, and then taxed again an again for the same money, at that rate taxes exceed the amount you are trying to save.

To makes things worse some countries that do not value economic freedom ban bitcoin altogether, the IRS make a ruling that is property, this was done in purpose to get easy money and to discourage bitcoin usage.

my prediction on bitcoin is that it will hit a bottom, and then bounce back.
in the years 2009,2010,2012,2012 the users of bitcoin were people that believed in bitcoin, the average guy.
in 2013 bitcoin got a lot of publicity, lots of regulations that kicked in on 2014, and even though a lot more people that believed in bitcoin, it also got in a lot of people trying to make easy money, that created the bitcoin buble.
2014 was the year of legislation, rules, bitcoin was banned in some countries, in some countries it was left free, on others it was heavily regulated.
2015 bitcoin will hit bottom and then bounce, it will not die.

things to learn decentralization is good, centralization is bad.
simplicity is good, making things complicated is not good.

once mining becomes decentralized again, it will help the bitcoin enocomy, once BFL and KNC go bankrupt it will help a lot to weed out the scammers.

my advice is to hold on to some bitcoins, since 5 years from now, they will either we worth a lot, or very little, if they are worth a lot it means bitcoins have succeeded and people on this planet who choose to have financial independence   can have the freedom to have financial independence.

For bitcoin to succeed we must concentrate on making easy to buy to the average person, and try to keep it free from regulations as much as possible, regulations only cripple bitcoin, and a cripple bitcoin will have a hard time competing against other currencies that have other set of laws.

The worst bitcoin crash was in 2011 when it lost 90% of its value, I had a prediction that in future bubbles that bottom would always be at a lesser percentage than previous bubbles, if we take the peak of 2013 at $1240, and apply 10%, thats $124, I strongly believe that bitcoin will not go below this amount.
I think we are near the bottom of the crash now.

All the alt coins are dying right now, if we join forces and all get bitcoins, it will help the bitcoin economy, and that is much better than having a fragmented digital economy in bad shape.

mining also has become a problem due to centralization, in the early years of bitcoin the block reward was 50 btc and it was not a problem, now it is only 25 btc and it is creating a big problem, the reason is simple when it was 50 btc most miners were independent using CPUs and then GPUS, most of them believed in the bitcoin economy and kept the coins, now it has become centralized by the greedy asic makers, like KNC who lied to their customers and now control a very large percentage of the mining network, this people do not believe in the bitcoin economy and immediately  as soon as the value of bitcoin goes up they sell all the coins making the value go down.

To solve this problem, we need more independent miners, but the problem is the hardware it has to be purchased by the very same guys that are creating the problem, we need someone with cash and that believes in the bitcoin economy to step in and build quality miners a low cost for the independent miners as long as this does not happen it will be very hard for the independent miners to compete against the big guys.

In brief this are the 3 main problems causing the price to go down:
1. regulations and laws, we have to lobby for less regulation not more, otherwise more guys like Charlie Shrem or Roger Ver will be picked on by the authorities to be used as examples with the goal to discredit bitcoin, so far the strategy has worked to some degree, we need a free bitcoin ( as in freedom). Remember it is people like them that helped jump start the bitcoin economy not the ones creating the regulations.
2. mining has to become more decentralized, and its becoming more centralized, someone that truly believes in the bitcoin economy needs to start making low cost hardware exclusively for the independent miners, this will cause the price of bitcoin to go up, since the only miners that hold on to the coins are the independent miners, and it will help protect against a 50% attack, otherwise it will be extremely difficult for the independent miners to compete against the big guys, and this will cause the price to go down like it is happening now.
3. buying needs to be made easy, just as easy as selling, normally every purchase is a sale this cause the price to go down, buying should be made easy, since buying is what causes the price to go up, maybe this is where decentralized exchanges will step in. if we manage to make buying bitcoins idiot proof the price will go to the moon, but creating a method for buying to be idiot proof will not be an easy task.

if we manage to improve in this 3 areas I am very confident that the bitcoin price will go up and help stabilize
bitcoin.

I completely agree about the bitcoin bias you pointed out, not about proposed solutions: selling miners only to " indipendent"  miners? How would this be possible? And how could we possibly change the regulations?
buying can be made more " secure" if we develop a distributed exchange (after many years nobody succeed in it, I wonder why), but it's hard to make it easier than bitstamp.... but again, the regulation is a big matter when you move fiat, u have to complain kyc and all the shit.


In my opinion, the big fault was the massive exchange of bitcoin for fiat, now it's probably too late to develop an healty bitcoin-denominated economy.

[erre]

Ok bros, it's pretty clear now that we missed the moon. But why?

A considerable fraction of total bitcoins was mined during the early days/months, another was stolen during  an impressive number of various scams and hacks, another was earned by trading manipulation.

All this people, all clever than me, has probably already cashed out a ton of fiat at a better price, and is currently still doing it, they will do it untill people put money in it, because they have a tons of cheap btc, and want to convert to a ton of fiat before collapse.

This bubble was very bad for me: I buyed even at 4 digits, i build a scrypt miner and I was not able to ROI, I was scammed for little amounts. I never sold, beside little bad trades.

I am still glad to be here on this forum, but I have never seen so much scam attempts, here nobody trust nobody (and probably should not) and there's hardly someone who will help you for nothing - and it's a forum!

6 2 billion dollars of purchasing power, and what is the great thing the bitcoin community is currently doing for the world? Scamming each other for penauts. Oh yeah, and gambling.

We missed the moon. Maybe it's time to ask us why.

Like Coindesk pointed out the price isn't what the factor running bitcoin, its the ecosystem which is evolving around it.

I pointend out exactly that the ecosystem seems pretty fucked up, at least for my standards.