Topic: A question to anyone who still doubts Bitcoin: - page 2. (Read 4161 times)

Usually a period is a month buddy. Stable months? lol ok.

And this post is almost equally as bad, which is sad because I usually respect the posts coming from TERA

But why do you simply post ONE indicator and say "idiots..." without any explanation


What if I did this


TERA IS IDIOT

Am I good at this now?

God this forum is an awful place during stable periods.

And it's inaccurate for this. You can't just apply something and say it is this when it isn't.

its called a log scale

I realized why I don't like this "chart" it is very misleading. Y axis is labeled in such a way to make it look like that. If labeled properly it doesn't look a thing like that.

"Statistics don't lie, but liars use statistics" Comes to mind.

Douche.

If we agree that it cannot continue forever (even though the previous patterns may imply that it will), then we agree that there are factors to consider other than only past patterns, and we also then agree that it is not as simple as seeing the pattern in his little puzzle.

Therefore, post=stupid

Wow, it certainly does!

Too early to tell for certain.
Bitcoin might take a long time to go mainstream, if ever.
On average, "everything" spreads fast these days, so there is a case to be optimistic.

I´ll have to buy some Interwebs, quick, leverage long, that chart looks bullish!

Pick which technologies Bitcoin most closely resembles.

when considering the price of Bitcoin in $USD:

Yes there is a scenario where "exponential growth can continue forever", for this we must define "forever" as being the whole span of the function in question which is reasonable considering the length of forever.

If the dollar enters an accelerating inflation rate leading to hyper-inflation and then destruction...

Then the function $/BTC might completeley follow a log trend that would come to an end when the dollar did.

I'm not stating that this is a certainty, just a possibility.

EDIT: If the dollars inflation rate remains "stable" and Bitcoin adoption continues its growth then the log chart of $/BTC will probably start to curve, the rise getting less steep as it approaches an aymptote of market balance/saturation. The linear chart being similar to a sigmoidal function:

I'm guessing he is implying that a logarithmic scale is a manipulation of the data. Possibly this is due to him not understanding what a log scale is and how it should always be used when analyzing functions that contain logarithmic components (as Bitcoin does).

The truth of the matter is that the chart with the smallest time scale has been manipulated more, it having been cropped the most aggressively in the time axis.

How do you define who is manipulated and who is not?

Great!

Now we can compare a Manipulated Point of View Versus a Non-manipulated

That will make us much wiser, thank you my good sir.


Why not zoom in on the last 7 days and we can make a logic-based prediciton from that? Whoever says it will rise defies both gravity and Logic.

idiots...

 


To anyone who doubt 1 btc will make you Rich: Maybe.

Id say the next rise is 100% certain. Then there COULD be 5-10 more. But this all Depends on the world government aka Federal Reserve. To be honest, I don't think Max Keisers 40,000$/Bitcoin is that crazy. Though, it doesn't have to say anything about Bitcoins value going up but could be the dollar going down so in that sense its more or less an undeniable fact that Bitcoin will be 40,000$

3 scenarios:

1: current monetary system keeps rolling and Bitcoin "Stays" on the same value. This will , sooner or later, make 1 btc Worth 40,000$.

2: Current system does not keep rolling and we have a hyperinflation of the dollar in 0.5-5 years. Hyperinflation = Scenario 1 but a lot faster

3: Bitcoin is not hindered by government and it can naturally evolve into its full potential. Then we will have Bitcoin at 40,000$ OF THE CURRENT USD VALUE With a 110% certainty.



Yet one must remember: Shit happens and in 10 years we all might be a bunch of broken n poor dreamers who remember what could have happened if only all humanity would know what we knew those 10 years ago. And the few of us who still fights on and tries to revive it are being hunted down by government ninja assassins. Cyborg, artificial intelligence controlled, ninja assassins. 

The answer is 3. There's an alternating pattern along these lines:

I don't think anyone makes that claim.  Merely that it can continue for quite a while longer. 

Even as a permabull I find this post stupid, because you're saying that exponential growth can continue forever.

I don't think a person buying only 1BTC is ever going to become rich off of it, whether they buy it now or in 3 months. You'd have to buy a decent amount of coins now to potentially become wealthy from it, and there is a lot of risk as we're still in an experimental stage. The days of putting a few hundred bucks into BTC and becoming rich are over.