Topic: Bitcoin will never again be priced over $300. - page 2. (Read 4741 times)

Epic, just... epic.

hmm only thing dmt ever revealed to me is the dwarf miners that live under my bed that take whacks at my bitcoin minerz out of jealousy.. they can only mine gold.. oh and jebus.. he lives in the fronty part of my skull and likes to come out sometimes.. he talks to his papa and reveals the truth of everything and stuff but its all very dull i dont follow much of it.. hes kinda dweeb tho and talks too much

which is why i prefer crack these days.. cleaner and better smoke for u most def

My claim is based on DMT like the OPs but I see things and people I have never seen before and they told me to look out because by the end of the month, it will be $300 again. On a half serious note there is to much money wrapped up from whales for them to walk away from the bitcoin goldmine.

i for one would love to see you right on this.. but i am curious what you base your claim on?

I am with you here, all you have to do is use one of many brain cells we should all have. Manipulators are sitting with shed loads of coin and dollars to pump it, thinking they are just going to retire and leave it under $300 is crazy. Have to add I am liking these 220-300 rides on the backs of the hump backs. $300 by the end of the month but probably sooner than that.

thanks goodness. i was worried we had been overrun by financial fortunetellers.. have some hope people.. not everything the wall street journal says is real. in fact im inclined to think its all fake, but i am no investment banker so i dont know how to capitalize on the arbitrary fluctuations and downright crashes of the fiat economy that seem to propel these guys beyond the stratosphere

Ya, the OP is taking a major chance on this thread by making such an ignorant assumption at this point. I can't comprehend anyone that thinks that bitcoin stops under the 300 mark. This height will melt soon.

can someone un dig threads saying bitcoin never will be priced over $2 again or something to show how ridiculous this thread will be in the future?

though at times she can be a generous lady, especially if i eat my veggies and dont wet the bed.. i dont think she'd like to pay for 8kwh of electricity running 24/7 tho

hmm yes my mom huh.. move along plz your just wrong

The electric utility thanks you, your landlord (mom), doesn't.

all this financial talk is wonderful and all, but your missing a fundamental point.. maybe not all of you but the ones i looked at..

bitcoin is uniquely positioned as the foremost cryptocurrency-the very notion is a novel invention that could, and to some extent is, revolutionizing the way money is exchanged.. i dont care how much miners end up costing the few.. i for one have free power-at least for me it is- and so i will mine till my miners fall to pieces or 21mil is reached.. whichever comes first. there are some that place value beyond speculation-like myself i see bitcoin's value as a vehicle of greater than mere financial efficacy. what about the social and political influences that bitcoin provides for?
one could theoretically fund a revolution with bitcoin.. think about that

This prolonged drop is going to cause a lot of investors to secure their profits, so yes, we will see a return to $300 or $400 easily.

If I'm not mistaken Ben, you just proved yourself wrong with that statement.

The argument Transidium puts forth has been made before but it does not hold up to scrutiny [1]. One could attempt the same argument with gold that he is making with bitcoin, and the argument falls apart in both instances, and for the same reasons. The (invalid) argument goes like this: the smallest unit of gold is one gold atom; the number of gold atoms that have been mined is ONE CADJILLABILLION (actually I don't know, but it's more than the number of Satoshis that will ever exist); therefore, the supply of gold is effectively limitless (in terms of number of atoms); and this places some sort of ceiling on the value of gold.

One needs to realize that there is a difference between these two things:
1) the total supply of something
and
2) the number of indivisible units of that something.
The error in Transidium's logic is that he does not appreciate the difference between 1) and 2)

Thought experiment: suppose the US Mint decided tomorrow to start minting coins worth one-tenth of a penny. Will this cause the purchasing power of the dollar to fall, because there are more smallest-units in the world? (Answer: no.) Likewise: if the core developers and the community at large decided tomorrow that one bitcoin could be divided into a few extra decimal places, would that cause the value of one bitcoin to fall? (Answer: no)

~ btcT

[1] unless he is making the argument in the context of some specific implementation of the concept of colored coins, where 1 satoshi could in principle be used to label something of an arbitrarily high value; but I don't think that is the argument he is putting forth.

THATS WHAT I SEE IN THIS FORM

no,it will not!

I'm wagering we'll see some interesting action sometime this summer and/or the fall once the Winks get their clearance from the SEC. There's so much potential for legions of demand entering the market coming up here. It'll be the gift that keeps on giving.

Im not sure end of year price will go over $300. When price drop its like instanly but when price want up its hard. You see 3 month price stable on range 200-240

Ka-ching. We've got a winner.

Sorry Ben, try again.