Topic: Lets get one thing straight: there will NOT be a run-up anytime soon - page 2. (Read 4973 times)

Not only do you need a graph, you need a graph with lines on it. And you need to talk about tulips too or you lose all credibility.

More seriously, you may be overestimating your own relative level of fanishness. Do you think you are the only one who has spent real-time months reading and studying and tinkering? Has nobody else bored their family and anyone else who will listen to tears? Have you taken a loan to buy more before we go to the moon?

Back up your claims if you can. Or don't. I don't mind.

The rally won't come before 80% has become bored and no longer thinks about Bitcoin's price. That's when we hit bottom.

OP might be right, there is still too much optimism for a rally. Only when most if not all of the optimists are gone will we see the true bottom. I don't think it has to take a year or more though, a lot can happen in a year.

And where are YOU from mate? The thing above in bold is very interesting and important. Do you have any ideas on the subject?
Apologies for the off topic as well...

Where are you from mate?

I am very interested in your background, before I mess with cryptos I had started an online Msc (Manchester Univ.) on Bioinformatics - biotech is my biggest love!

Probably you know Personal Genome Project (http://www.personalgenomes.org/) - I am trying to find a way to do this without having the privacy issues they have and be based in some sort of cryptographic/encryption scheme.

Maybe a blockchain could help?

Apologies for the off topic..

bitcoin is going to nowhere but down, sell before it's too late

WB doesn't invest in Tech anything, figured your prestigious economics major buddies would have told you that already.

To turn 7k into 700k, bitcoin price needs to go up 100 folds. I am not sure it can do this kind of wonder again and go up to 50k per coin.

eh i think it will slowly rise, no bubble though

You lost it all because you didn't had the balls to hold I guess. You guys seem not to learn. You should learn from Warren Buffet. When he bought the Washington Post stocks he lost a lot of money, then 10 years later the 10K invested turned into 380K, except in 10 years these 7K dolllars will be 700K

Stay away from [bitcoin]. It's a mirage, basically.

You lost it all because you didn't had the balls to hold I guess. You guys seem not to learn. You should learn from Warren Buffet. When he bought the Washington Post stocks he lost a lot of money, then 10 years later the 10K invested turned into 380K, except in 10 years these 7K dolllars will be 700K

this dead cat bounce is going to finish soon like the old ones

There will be a rally soon then, as it comes from a guy who prefers shitcoins to the real coin.

Well I doubt we disagree about it being undervalued in the long term but in the short term, it's incredibly overvalued. There isn't enough of a market for what you speak of above to warrant mass adoption. If I tell 1000 people at agriculture conference that they can transfer money around the world more cheaply 99% of them don't care. That same 99% already take lofty vacations and take money with them without fear of it being stolen.

All in all, they are more likely terrified of the idea that their money isn't insured, isn't backed and all that separates anyone else from their money is a random string. (a random string that if they lose/forget etc.. they are out the money).

Truth be told, I work in Bioinformatics using high performance computing clusters etc..  and prior to that worked as a software developer (if you check my post history I was selling a NXT password recovery tool that I created for a bit, cracked $~50,000 account at one point)   and even I'M not comfortable storing bitcoin on my own accord. I use Coinbase. I recognize that given all the ridiculous layers of abstraction by which computers work that nothing is ever secure on a personal computer. (the point being, if I'm not comfortable how many people can be?!)

In other words, those things you mentioned are never going to bring mass adoption. They sound nice as soundbytes but they are shit to just about everyone else. The lines and graphs aren't important, conceptually it's just not there yet.  *good talk though