Topic: BItcoin: The path to $10,000,000 ten million dollars per coin - page 5. (Read 3137 times)
December 13, 2019, 03:20:21 AM
The Trolls. They want Bitcoin to die because they believe their shitcoin can take over. They can't accept the truth that Bitcoin is carrying all their coins on its back. Bitcoin dies, your shitcoins also die. Reality.
December 12, 2019, 09:32:53 PM
It won't get that high
December 12, 2019, 07:47:47 PM
To the right of the decimal means lower value. If you are implying that something is worth less than 1 satoshi, or 0.0000 0001 ... then that implies too that the whole 1.0 BTC is also worth more.
Also if enough miners quit, then difficulty goes down. If difficulty isn't going down, then miners are not quitting.
Also if enough miners quit, then difficulty goes down. If difficulty isn't going down, then miners are not quitting.
I think the analogy suits best like this, if the difficulty goes down, that is the time miners will stay, and if the difficulty goes way up higher, that is the time miners could not afford the price and people aren't buying their bitcoin so the only option they have is to stop and to quit. But I highly think that miners won't they often dictates the market price and is too merely impossible to quit because they already established their mining facilities and it is hard to just let go of it.
December 12, 2019, 07:19:22 PM
UNLIMITED FIAT PRINTING + LIMITED AMOUNT OF BITCOINS + INCREASING BITCOIN DEMAND + DECREASING BITCOIN SUPPLY = 10 MILLION DOLLARS PER BITCOIN
My Hard Facts Coins are very limited in supply, only 1000 of them will ever exist 🤣🤣🤣🤣 A limited supply of something that is worth virtually ZERO does not make it more valuable.
There is no significant bitcoin demand, price keeps slowly going DOWN.
Bitcoin supply is not decreasing, there are an UNLIMITED number of crypto currencies that can be created, that can have the same or even better properties than bitcoin. It is easier and faster to make Crypto Currencies than it is to create FIAT money.
Being first means NOTHING. Anyone still want the first Cellphone ever made
Anyone want the first computer ever made Are they the most valuable items now Soon enough, no one will know or care which Crypto Currency was first.I would trust the FEDERAL RESERVE, and the US DOLLAR to hold some value much more than I would ever trust bitcoin. At least the Federal Reserve does not deletes posts, move posts to where they will never be seen, or otherwise CENSOR people like the bitcoin community does 🤐🤐🤐🤐 Given what I have experience here, the Bitcoin community is only inserted in pumping up the price of Bitcoin, and is more corrupt than the Federal Reserve and Wall Street Banks have ever been....
Hard Facts
December 12, 2019, 05:02:11 PM
To the right of the decimal means lower value. If you are implying that something is worth less than 1 satoshi, or 0.0000 0001 ... then that implies too that the whole 1.0 BTC is also worth more.
Also if enough miners quit, then difficulty goes down. If difficulty isn't going down, then miners are not quitting.
Also if enough miners quit, then difficulty goes down. If difficulty isn't going down, then miners are not quitting.
December 12, 2019, 05:00:43 PM
The main problem for why Bitcoin isn't going too much up in value is because of Bitcoin futures. Ever since Bitcoin futures were introduced, the digital currency and Bitcoin market at large, has never been the same why? The reason is that people found a way to make money shorting Bitcoin prices without having to own a single Bitcoin. This is happening day in day out, over and over and until we have a substantial amount of people holding Bitcoin, we will see this shorting of the market for profits be what is going to keep the price of Bitcoin down. This has been happening with gold and other assets/commodities too, which are highly undervalued because of the futures market and those controlling these markets. It's a nice thought to see Bitcoin go to over a million dollars, but I do not see it happening in my lifetime.
December 12, 2019, 02:19:12 PM
https://cointelegraph.com/news/bitcoin-price-boring-and-fragile-as-trader-plans-for-dip-below-7k
Translation : If No Greater Fools don't show up and buy bitcoin, the Bitcoin Ponzi will drop even further.
FYI:
At the end of the day You have to ask yourself what role does Bitcoin meet?
1. Does it do micro payments? Nope!
2. Does it act as a Stable Currency? Nope!
3. Does it hold value thru hard times? Nope!
4. Will it make me rich by buying it? Nope!
5. Is it cheaper & Faster than others? Nope!
6. Will it go up without New Fools? Nope!
7. Is it anything besides speculation? Nope!
8. Can Bitcoin price drop to $ZERO? YES!
Quote
“Boring & fragile markets here
Quote
Now, regular Cointelegraph contributor Michaël van de Poppe said that if fresh energy did not appear, Bitcoin could be in line for a “significant” drop.
Translation : If No Greater Fools don't show up and buy bitcoin, the Bitcoin Ponzi will drop even further.
Quote
while Keith Wareing warned BTC/USD could dip as low as $2,500 in analysis for Cointelegraph over the weekend.
FYI:
At the end of the day You have to ask yourself what role does Bitcoin meet?
1. Does it do micro payments? Nope!
2. Does it act as a Stable Currency? Nope!
3. Does it hold value thru hard times? Nope!
4. Will it make me rich by buying it? Nope!
5. Is it cheaper & Faster than others? Nope!
6. Will it go up without New Fools? Nope!
7. Is it anything besides speculation? Nope!
8. Can Bitcoin price drop to $ZERO? YES!
UNLIMITED FIAT PRINTING + LIMITED AMOUNT OF BITCOINS + INCREASING BITCOIN DEMAND + DECREASING BITCOIN SUPPLY = 10 MILLION DOLLARS PER BITCOIN
December 12, 2019, 02:16:01 PM
Bitcoin can drop to zero, but that isn't any more likely than it going back to $19k.
Actually the thing you are taking for granted is the Miner's Input Costs,
which have also increased every year.
The reason the Bitcoin , IMO , is more likely to go to $zero than up,
is once enough miners are no longer profitable, the chain will freeze.
That frozen chain is the one thing Bitcoin never had to worry about in the past, Now it does.
The old miners won't jump back in to self regulate since they have already disposed of the old asics and warehouses and energy contracts.
Plus few people want to loan money to someone that just declared Bankruptcy within 2 years.
If the top miners can't profit the previous failed miners don't stand a chance.
Multiple Miners failing is a sign, bitcoin best days are far behind it.
Early birds got rich, there is nothing left for the latecomers except the $decline.
Anyone after Feb 2018 is a Latecomer.
Proof of Waste is an evolutionary dead end, and the next halving will seal that coffin , not bring back the dying.
Bitcoin hashrate is doing all time highs very often.
Now ask yourself.
Is Bitcoin gone after 11 years? NOPE
Is the fed bailing out broke banks now? YES
Is ZEIT A piece of shit shitcoin? YES
is Bitcoin the most secure and decentralized blockchain? YES
Is the stock and bond market about to crash? YES
Is Bitcoin the most fair and best type of Money> YES
Is the global debt sustainable? NOPE
Does BTCUSD goes up 3000% after each halving? YES
Are arguments from the idiot trolls like khaos obsolete? YES
Was Bitcoin called a bubble @ 10 dollars? YES
Is Bitcoin hitting 10 million dollars per coin? YES (VERY SOON)
Are Banks desperate and loosing the war against Bitcoin? YES
The more you troll the more you look foolish
December 12, 2019, 01:09:32 PM
I dunno about you, but I look at the lows of each year.
These are the levels guarded by the true HODLers.
2010 – $0.01
2011 – $0.30
2012 – $4
2013 – $65
2014 – $200
2015 – $185
2016 – $365
2017 – $780
2018 – $3200
2019 – ?
There's also another one that goes like this:
2012 = 5
2013 = 13
2014 = 313
2015 = 177
2016 = 373
2017 = 803
2018 = 3225
2019 = 3404 * as of June 2019
Bitcoin can drop to zero, but that isn't any more likely than it going back to $19k.
These are the levels guarded by the true HODLers.
2010 – $0.01
2011 – $0.30
2012 – $4
2013 – $65
2014 – $200
2015 – $185
2016 – $365
2017 – $780
2018 – $3200
2019 – ?
There's also another one that goes like this:
2012 = 5
2013 = 13
2014 = 313
2015 = 177
2016 = 373
2017 = 803
2018 = 3225
2019 = 3404 * as of June 2019
Bitcoin can drop to zero, but that isn't any more likely than it going back to $19k.
December 12, 2019, 10:38:13 AM
Mining is not profitable for some because their cost of production is higher than they can currently sell what they mine, their machines are not as efficient, difficulty keeps going up and some other factors.
If difficulty goes down, then the remaining miners will be in profit.
If difficulty goes back down to previous levels, then older hardware will fire up and start mining, or people who have the latest hardware will keep them turned on.
It self balances, so don't worry about the miners unless you yourself plan to be one.
If difficulty goes down, then the remaining miners will be in profit.
If difficulty goes back down to previous levels, then older hardware will fire up and start mining, or people who have the latest hardware will keep them turned on.
It self balances, so don't worry about the miners unless you yourself plan to be one.
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December 12, 2019, 09:46:33 AM
I am very much convinced that bitcoin will surely go up in coming years. If we see price of bitcoin in its first ten years, it has jumped from zero to current price of 7000 $ and not to forget its ATH of 19000 USD. If bitcoin continuous moving like that there are bright chances that bitcoin may become 10 million $ worth of coin.
December 12, 2019, 04:36:58 AM
Trolls using the "But Bitcoin is a Ponzi" debate. But is gold a Ponzi? Who was responsible for boot-strapping the gold market Ponzi? Who in Bitcoin?
December 11, 2019, 05:43:21 PM
i think that the value will reach ten million in 20 years. It won't happen soon.
December 11, 2019, 04:59:42 PM
Bitcoin is designed to be more scarce every single day while the population is almost required to increase its demand. Why? Because people will have to sell their failed fiduciary currencies per Bitcoin.
Agree, people around the world will realize how useful and beneficial using bitcoin as a payment method or just a store of value compared with fiat currency which is always affected by inflation.
Quote
The current financial system failed already and people will realize that Bitcoin is the only system to reset everything. Governments will try to create their centralized cryptocurrencies that will fail like the fiat due to hacks and the fact that people will prefer to use Bitcoin. Bitcoin is a blackhole that is swallowing every single fiat bill. 10 million dollars per coin is probably too conservative. People who dont own Bitcoin now will have to own in it later. Those who are acummulating BTC right now will be the richest people in the world.
The current financial system is on the brink of failed, proven by some countries in economic crisis or hyperinflation, but it just a few, most countries still hold on and going well even though the economic growth is not so good. We will see whether the government's attempt to create their own digital currency will be successful or just another failure in the end.
Quote
Bitcoin should hit that price in the next 10 years and there is nothing that could stop it.
$10 Million in 10 years later? Hmmm, I'm not so sure, considering the current market condition, whales, govs regulation, manipulation, fraud activities using bitcoin such as exchanges hacked, acceptance, scalability, and so forth. I'll say bitcoin will hit $1 Million in 10 years, in 2030.
December 11, 2019, 04:31:35 PM
Again with the Big Red Print, 
Stupid is as Stupid does, but it does it with Big Red Print.
Tell everyone how many bitcoins you mine daily,
Stupid is as Stupid does, but it does it with Big Red Print.
Tell everyone how many bitcoins you mine daily,
Can someone please do some research about that ZEIT coin please?.
Anyways. The Ponzi schemes mentioned in the big red sentences are about to collapse.
Tell everyone what percentage of your retirement is in those Ponzi schemes?
December 11, 2019, 04:19:15 PM
Notice the similarity between the graphs,
https://inefficientfrontiers.wordpress.com/2009/02/09/the-300-billion-ponzi-scheme/
Ponzi go up until the big crash that wipes out the whole scheme,
that is the edge that the bitcoin ponzi is on, the verge of collapse.
Ask yourself this , if bitcoin was truly valuable,
why do the bitcoin miners keep declaring bankruptcy,
why is it not profitable for you to mine your own bitcoins.
Answer , because the Entire Ponzi is on the verge of total unprofitably for the miners,
and once the miners quit , the whole ponzi is dead.
FYI:
Bitcoin Bubble Burst at $20K, halving or no halving,
No one will be stupid enough to ever buy bitcoin for that amount again.
Miners go bankrupt because they can't afford to keep mining,
You can't mine, because you can't afford the input costs.
How can bitcoin survive when no one can afford to mine it, Answer it won't!
https://inefficientfrontiers.wordpress.com/2009/02/09/the-300-billion-ponzi-scheme/
Quote
The $300 Billion Ponzi Scheme
A Ponzi scheme is defined as a phony investment program where the introduction of new funds is used to create “profits” for those already in the game. Ponzi schemes typically have some purported economic rationale for the profits, but at the end of the day, the basis is shown to be a sham as well.
A Ponzi scheme is defined as a phony investment program where the introduction of new funds is used to create “profits” for those already in the game. Ponzi schemes typically have some purported economic rationale for the profits, but at the end of the day, the basis is shown to be a sham as well.
Ponzi go up until the big crash that wipes out the whole scheme,
that is the edge that the bitcoin ponzi is on, the verge of collapse.
Ask yourself this , if bitcoin was truly valuable,
why do the bitcoin miners keep declaring bankruptcy,
why is it not profitable for you to mine your own bitcoins.
Answer , because the Entire Ponzi is on the verge of total unprofitably for the miners,
and once the miners quit , the whole ponzi is dead.
FYI:
Bitcoin Bubble Burst at $20K, halving or no halving,
No one will be stupid enough to ever buy bitcoin for that amount again.
Miners go bankrupt because they can't afford to keep mining,
You can't mine, because you can't afford the input costs.
How can bitcoin survive when no one can afford to mine it, Answer it won't!
FACT: https://www.coindesk.com/why-bitmain-is-building-the-worlds-largest-bitcoin-mine-in-rural-texas
True Ponzi schemes:
Central Banks (Cannot stop printing money because the banking system collapse otherwise)
Stock Market: Addicted to QE. iT would collapse without QE and low interest rates.
Hedge Funds.
Derivatives Market.
Khaos that old argument about Bitcoin is not valid anymore. Bitcoin is the PIN for all of the above bubbles.
Building , does not mean Profiting or even surviving.
Texas is a stupid place to build, it is hot there, meaning more air conditioning required for the energy wasting asics,
which reduces profits that probably won't exist anyway,
If they ever start mining, give them a year before they declare Bankruptcy.
Any sane person knows that only colder climates are suitable for Proof of Waste Mining, to avoid the cooling costs.
The Texas plant is DOA upon design.
Plus one good hurricane , and their goes your data center, for weeks/months at a time.
https://www.npr.org/2017/11/30/566950355/the-tempest-at-galveston-we-knew-there-was-a-storm-coming-but-we-had-no-idea
https://en.wikipedia.org/wiki/List_of_Texas_hurricanes_(1980-present)
They have done the required research about weather, energy, temperature, and everything is well planned. I know them......and remember...
True Ponzi schemes:
Central Banks (Cannot stop printing money because the banking system collapse otherwise)
Stock Market: Addicted to QE. iT would collapse without QE and low interest rates.
Hedge Funds.
Derivatives Market.
Khaos that old argument about Bitcoin is not valid anymore. Bitcoin is the PIN for all of the above bubbles.
December 11, 2019, 03:51:24 PM
Notice the similarity between the graphs,
https://inefficientfrontiers.wordpress.com/2009/02/09/the-300-billion-ponzi-scheme/
Ponzi go up until the big crash that wipes out the whole scheme,
that is the edge that the bitcoin ponzi is on, the verge of collapse.
Ask yourself this , if bitcoin was truly valuable,
why do the bitcoin miners keep declaring bankruptcy,
why is it not profitable for you to mine your own bitcoins.
Answer , because the Entire Ponzi is on the verge of total unprofitably for the miners,
and once the miners quit , the whole ponzi is dead.
FYI:
Bitcoin Bubble Burst at $20K, halving or no halving,
No one will be stupid enough to ever buy bitcoin for that amount again.
Miners go bankrupt because they can't afford to keep mining,
You can't mine, because you can't afford the input costs.
How can bitcoin survive when no one can afford to mine it, Answer it won't!
https://inefficientfrontiers.wordpress.com/2009/02/09/the-300-billion-ponzi-scheme/
Quote
The $300 Billion Ponzi Scheme
A Ponzi scheme is defined as a phony investment program where the introduction of new funds is used to create “profits” for those already in the game. Ponzi schemes typically have some purported economic rationale for the profits, but at the end of the day, the basis is shown to be a sham as well.
A Ponzi scheme is defined as a phony investment program where the introduction of new funds is used to create “profits” for those already in the game. Ponzi schemes typically have some purported economic rationale for the profits, but at the end of the day, the basis is shown to be a sham as well.
Ponzi go up until the big crash that wipes out the whole scheme,
that is the edge that the bitcoin ponzi is on, the verge of collapse.
Ask yourself this , if bitcoin was truly valuable,
why do the bitcoin miners keep declaring bankruptcy,
why is it not profitable for you to mine your own bitcoins.
Answer , because the Entire Ponzi is on the verge of total unprofitably for the miners,
and once the miners quit , the whole ponzi is dead.
FYI:
Bitcoin Bubble Burst at $20K, halving or no halving,
No one will be stupid enough to ever buy bitcoin for that amount again.
Miners go bankrupt because they can't afford to keep mining,
You can't mine, because you can't afford the input costs.
How can bitcoin survive when no one can afford to mine it, Answer it won't!
FACT: https://www.coindesk.com/why-bitmain-is-building-the-worlds-largest-bitcoin-mine-in-rural-texas
True Ponzi schemes:
Central Banks (Cannot stop printing money because the banking system collapse otherwise)
Stock Market: Addicted to QE. iT would collapse without QE and low interest rates.
Hedge Funds.
Derivatives Market.
Khaos that old argument about Bitcoin is not valid anymore. Bitcoin is the PIN for all of the above bubbles.
December 11, 2019, 02:25:32 PM
Trolls love to talk during bear markets, and forget the simple fact that Bitcoin is always in an upward trajectory. Zoom out, it's not over.
I’m already used to a huge number of bitcoin haters and skeptics. Bitcoin is an incredibly promising asset so I believe that it is going to the moon! Your schedule is awesome
December 11, 2019, 02:09:13 PM
December 11, 2019, 08:21:13 AM
Trolls love to talk during bear markets, and forget the simple fact that Bitcoin is always in an upward trajectory. Zoom out, it's not over.
LOVE THIS
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