Topic: Reddit subscriber growth - page 2. (Read 2176 times)
I like this chart better.
When the price was going up people were loving this chart.
Now it tells a different story. Growth is slowing which was to be expected, but if you have even a basic grasp of complexity theory you will know that this is very bad news. As a system grows it requires more energy, if that energy is not provided the system will fail.
Here is a somewhat humorous picture i threw together in 15 seconds.
The closer to the top we get, the higher the risk (that is not speculation it is a fact).
After some volatility the next stable level will be around $50 (that IS speculation).
Now it tells a different story. Growth is slowing which was to be expected, but if you have even a basic grasp of complexity theory you will know that this is very bad news. As a system grows it requires more energy, if that energy is not provided the system will fail.
Here is a somewhat humorous picture i threw together in 15 seconds.
The closer to the top we get, the higher the risk (that is not speculation it is a fact).
After some volatility the next stable level will be around $50 (that IS speculation).
Funny you say that.
Considering you sold in the 70-90 range and then bragged in the forums about buying a Gallardo with the money.
Feels good man. (Cit.)
I sold above $230, will go through my post history to see if I can find proof of this (pretty sure there is)
Edit:
First is this post where I made a prediction to go above 220 that came true.
Here is my first prediction of a crash. (majority opinion at this time was that "bitcoin is different" and could go up forever...)
Here I state that I sold over half and the same exact day after the crash begins I am feeling "smug"
Here is where I am even asking bitstamp about my SEPA withdrawal...
u mad?
Bitcoin just had a huge amount of press on a global level, absolutely massive. What's more, for once the press were starting to look at the good points, fantastic.
But Bitcoin absolutely failed, mainly because it isn't meeting it's stated goals. In the huge demand surge people like coinbase couldn't provide enough coin. Exchanges like bitfloor got shut down. Gox couldn't handle the DDoS attacks, and even after that couldn't handle basic trading. These are the central points, and they failed.
The whole rally started with the news of coinlab providing large amounts of bitcoin to big investors, and funds being stored in silicon valley bank. In the end it couldn't have gone worse, now there are legal proceedings underway, and frankly this is nowhere near gox's first failing, they should have been shut down long ago but continue to operate in their shady deceitful ways, and people go crawling back just like after the 2011 hack.
What is needed:
- More exchanges globally
- More options for buying than just exchanges
- More merchants accepting bitcoin
- Competition to silkroad. At the moment if silk road is shutdown it could have massive implications, the risk needs to be spread.
But Bitcoin absolutely failed, mainly because it isn't meeting it's stated goals. In the huge demand surge people like coinbase couldn't provide enough coin. Exchanges like bitfloor got shut down. Gox couldn't handle the DDoS attacks, and even after that couldn't handle basic trading. These are the central points, and they failed.
The whole rally started with the news of coinlab providing large amounts of bitcoin to big investors, and funds being stored in silicon valley bank. In the end it couldn't have gone worse, now there are legal proceedings underway, and frankly this is nowhere near gox's first failing, they should have been shut down long ago but continue to operate in their shady deceitful ways, and people go crawling back just like after the 2011 hack.
What is needed:
- More exchanges globally
- More options for buying than just exchanges
- More merchants accepting bitcoin
- Competition to silkroad. At the moment if silk road is shutdown it could have massive implications, the risk needs to be spread.
When the price was going up people were loving this chart.
Now it tells a different story. Growth is slowing which was to be expected, but if you have even a basic grasp of complexity theory you will know that this is very bad news. As a system grows it requires more energy, if that energy is not provided the system will fail.
Here is a somewhat humorous picture i threw together in 15 seconds.
The closer to the top we get, the higher the risk (that is not speculation it is a fact).
After some volatility the next stable level will be around $50 (that IS speculation).
Now it tells a different story. Growth is slowing which was to be expected, but if you have even a basic grasp of complexity theory you will know that this is very bad news. As a system grows it requires more energy, if that energy is not provided the system will fail.
Here is a somewhat humorous picture i threw together in 15 seconds.
The closer to the top we get, the higher the risk (that is not speculation it is a fact).
After some volatility the next stable level will be around $50 (that IS speculation).
Funny you say that.
Considering you sold in the 70-90 range and then bragged in the forums about buying a Gallardo with the money.
Feels good man. (Cit.)
When the price was going up people were loving this chart.
Now it tells a different story. Growth is slowing which was to be expected, but if you have even a basic grasp of complexity theory you will know that this is very bad news. As a system grows it requires more energy, if that energy is not provided the system will fail.
The closer to the top we get, the higher the risk (that is not speculation it is a fact).
After some volatility the next stable level will be around $50 (that IS speculation).
Now it tells a different story. Growth is slowing which was to be expected, but if you have even a basic grasp of complexity theory you will know that this is very bad news. As a system grows it requires more energy, if that energy is not provided the system will fail.
The closer to the top we get, the higher the risk (that is not speculation it is a fact).
After some volatility the next stable level will be around $50 (that IS speculation).
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