which one OP? The red/blue pill or the green pill? bitcoin will only go as far as you want it to
Take the blue pill and certain bodyparts will grow exponentially! Gosh!
Topic: Retracted previous statements :) - page 2. (Read 13143 times)
Take the blue pill and certain bodyparts will grow exponentially! Gosh!
which one OP? The red/blue pill or the green pill? bitcoin will only go as far as you want it to
I hate the second chart you stole off of igorrr. It's not even a correct trendline
I'll take the pill to stay in the fantasy land of bitcoin
Another "to the moon" rise is very probable, it's just a matter of when.
The traditional financial system is in complete shambles and fraud, corruption and manipulation run rampant. I forgot which economist said it but today's markets are basically "The Truman Show", a complete farce put on to placate the masses.
There are many events which could lead to another parabolic rise for Bitcoin. Fiat currency devaluations, confiscations, excessive taxation, hyperinflation, Russia or China taking over the reserve currency spot. The list goes on and on.
Bottom line - the chance of Bitcoin dropping under $400 for any lengthy period of time is small. The chance of Bitcoin retesting its all time high is huge!
The traditional financial system is in complete shambles and fraud, corruption and manipulation run rampant. I forgot which economist said it but today's markets are basically "The Truman Show", a complete farce put on to placate the masses.
There are many events which could lead to another parabolic rise for Bitcoin. Fiat currency devaluations, confiscations, excessive taxation, hyperinflation, Russia or China taking over the reserve currency spot. The list goes on and on.
Bottom line - the chance of Bitcoin dropping under $400 for any lengthy period of time is small. The chance of Bitcoin retesting its all time high is huge!
which one OP? The red/blue pill or the green pill? bitcoin will only go as far as you want it to
Bitcoin 100k is impossible.
Bitcoin userbase is as small as ever. Couple thousand unique users daily at max. All these pumpers have told us about the adoption that's coming, but somehow never materializes.
Bitcoin userbase is as small as ever. Couple thousand unique users daily at max. All these pumpers have told us about the adoption that's coming, but somehow never materializes.
Both the bitcoin market cap and user base have been increasing exponentially over the last four years:
Funny that you left out April. I added that in for you(badly added it in with Mspaint lol).
Bitcoin 100k is impossible.
Bitcoin userbase is as small as ever. Couple thousand unique users daily at max. All these pumpers have told us about the adoption that's coming, but somehow never materializes.
Bitcoin userbase is as small as ever. Couple thousand unique users daily at max. All these pumpers have told us about the adoption that's coming, but somehow never materializes.
Both the bitcoin market cap and user base have been increasing exponentially over the last four years:
Dr.Zaius... claiming empirical knowledge, but turning out to be just talking sh*t.
@Peter R
Careful with that log scale, it infuriates many apes.
It should be realized that ALL speculation exists in a continuum of probablities in which the concepts of "never" and "always" do not exist.
For example where the USD to hyper inflate then it really would be possible for 1BTC to be 1 billion $.
I'm not saying this is very likely, but you must understand that it is a possibility, and everyone has a different call on the probability, which must be greater than 0% and less than 100%.
The correct terminology, as used by academics, would be terms like "highly unlikely" or "almost certainly".
For example where the USD to hyper inflate then it really would be possible for 1BTC to be 1 billion $.
I'm not saying this is very likely, but you must understand that it is a possibility, and everyone has a different call on the probability, which must be greater than 0% and less than 100%.
The correct terminology, as used by academics, would be terms like "highly unlikely" or "almost certainly".
absolute statements like
"It will never reach $x"
or
"It will be $2 by $date"
or
"It's guaranteed to hit $y"
mark you as an overconfident speculator
"It will never reach $x"
or
"It will be $2 by $date"
or
"It's guaranteed to hit $y"
mark you as an overconfident speculator
BTC will never reach $1 billion per coin. Am I an over-confident speculator?
Btw, creating a physical currency is not the same as an alt-coin. Most of the alts are fixed to btc, so when it goes up in value so do they and vice versa. I could create a physical coin, but it's not going to go up in value just because the USD does.
Or, in the last case, as one who understands elementary economics.
absolute statements like
"It will never reach $x"
or
"It will be $2 by $date"
or
"It's guaranteed to hit $y"
mark you as an overconfident speculator
"It will never reach $x"
or
"It will be $2 by $date"
or
"It's guaranteed to hit $y"
mark you as an overconfident speculator
Bitcoin 100k is impossible.
You can create bitcoin replica's ad infinitum. Pointing miners to build a network takes a second.
Look how stable the BTC/LTC exchange rate is relative to BTC/USD. You can inflate the total amount of cryptos via substitution. If the price of BTC is too high people go to alts. This isn't a theory its been happening since spring 2013. Litecoin becomes very fungible with BTC.
Bitcoin is now half a decade old. Stagnant development has kept it in a permanent beta stage to give off the aurora that it is the "new" thing. The development "talent" pool has also been a total disappointment. As with all open source projects, no real incentive's in place. The biggest development in the last 12 months has been changing the name to bitcoin core.
Bitcoin userbase is as small as ever. Couple thousand unique users daily at max. All these pumpers have told us about the adoption that's coming, but somehow never materializes. We then quickly hear the excuses China, Mtgox. etc. Look how fast coinmap.org has slowed down, and most of the business's on there are shelling VNC's.
Sorry guys. The bull market was 09-13. The easy money was already made. Sure bitcoin can rise 2 3 4x from here, but another 100 bagger? Not a chance.
You can create bitcoin replica's ad infinitum. Pointing miners to build a network takes a second.
Look how stable the BTC/LTC exchange rate is relative to BTC/USD. You can inflate the total amount of cryptos via substitution. If the price of BTC is too high people go to alts. This isn't a theory its been happening since spring 2013. Litecoin becomes very fungible with BTC.
Bitcoin is now half a decade old. Stagnant development has kept it in a permanent beta stage to give off the aurora that it is the "new" thing. The development "talent" pool has also been a total disappointment. As with all open source projects, no real incentive's in place. The biggest development in the last 12 months has been changing the name to bitcoin core.
Bitcoin userbase is as small as ever. Couple thousand unique users daily at max. All these pumpers have told us about the adoption that's coming, but somehow never materializes. We then quickly hear the excuses China, Mtgox. etc. Look how fast coinmap.org has slowed down, and most of the business's on there are shelling VNC's.
Sorry guys. The bull market was 09-13. The easy money was already made. Sure bitcoin can rise 2 3 4x from here, but another 100 bagger? Not a chance.
You can make your own physical currency as well, just smelt some copper and other cheap metals and mint it in a nice coin that does not already exists. But that doesn't mean your coin will gain any use, nor will it compete with the dollar.
Just like Altcoins will not gain traction and they will not undermine bitcoin.
Also we are right on the long term trend line. It has been stagnant for months before. It's just the calm before the storm.
Bitcoin 100k is impossible.
Bitcoin userbase is as small as ever. Couple thousand unique users daily at max. All these pumpers have told us about the adoption that's coming, but somehow never materializes.
Bitcoin userbase is as small as ever. Couple thousand unique users daily at max. All these pumpers have told us about the adoption that's coming, but somehow never materializes.
Both the bitcoin market cap and user base have been increasing exponentially over the last four years:
Bitcoin 100k is impossible.
You can create bitcoin replica's ad infinitum. Pointing miners to build a network takes a second.
Look how stable the BTC/LTC exchange rate is relative to BTC/USD. You can inflate the total amount of cryptos via substitution. If the price of BTC is too high people go to alts. This isn't a theory its been happening since spring 2013. Litecoin becomes very fungible with BTC.
Bitcoin is now half a decade old. Stagnant development has kept it in a permanent beta stage to give off the aurora that it is the "new" thing. The development "talent" pool has also been a total disappointment. As with all open source projects, no real incentive's in place. The biggest development in the last 12 months has been changing the name to bitcoin core.
Bitcoin userbase is as small as ever. Couple thousand unique users daily at max. All these pumpers have told us about the adoption that's coming, but somehow never materializes. We then quickly hear the excuses China, Mtgox. etc. Look how fast coinmap.org has slowed down, and most of the business's on there are shelling VNC's.
Sorry guys. The bull market was 09-13. The easy money was already made. Sure bitcoin can rise 2 3 4x from here, but another 100 bagger? Not a chance.
You can create bitcoin replica's ad infinitum. Pointing miners to build a network takes a second.
Look how stable the BTC/LTC exchange rate is relative to BTC/USD. You can inflate the total amount of cryptos via substitution. If the price of BTC is too high people go to alts. This isn't a theory its been happening since spring 2013. Litecoin becomes very fungible with BTC.
Bitcoin is now half a decade old. Stagnant development has kept it in a permanent beta stage to give off the aurora that it is the "new" thing. The development "talent" pool has also been a total disappointment. As with all open source projects, no real incentive's in place. The biggest development in the last 12 months has been changing the name to bitcoin core.
Bitcoin userbase is as small as ever. Couple thousand unique users daily at max. All these pumpers have told us about the adoption that's coming, but somehow never materializes. We then quickly hear the excuses China, Mtgox. etc. Look how fast coinmap.org has slowed down, and most of the business's on there are shelling VNC's.
Sorry guys. The bull market was 09-13. The easy money was already made. Sure bitcoin can rise 2 3 4x from here, but another 100 bagger? Not a chance.
Sorry heard that too many times.. You must be new.. oops you are. Maybe writeup an essay with your points and we will refer to it as how NOT to invest our money in hindsight.
It will keep rising with network affect until a momn pop coin comed out that solves any probs btc has that its codebase cant fix. Chances are low since people are more trusting of technology without knowing it as ever. Noone will care about bitcoin v2 if they dont need it. Right
now top 1% has been too greedy so people see the need to switch away from fiat aswell as the instant tx without fees and traceability that allows for an order of magnitude in innovation that may fuel our next knowledge bubble.
Bitcoin 100k is impossible.
You can create bitcoin replica's ad infinitum. Pointing miners to build a network takes a second.
Look how stable the BTC/LTC exchange rate is relative to BTC/USD. You can inflate the total amount of cryptos via substitution. If the price of BTC is too high people go to alts. This isn't a theory its been happening since spring 2013. Litecoin becomes very fungible with BTC.
Bitcoin is now half a decade old. Stagnant development has kept it in a permanent beta stage to give off the aurora that it is the "new" thing. The development "talent" pool has also been a total disappointment. As with all open source projects, no real incentive's in place. The biggest development in the last 12 months has been changing the name to bitcoin core.
Bitcoin userbase is as small as ever. Couple thousand unique users daily at max. All these pumpers have told us about the adoption that's coming, but somehow never materializes. We then quickly hear the excuses China, Mtgox. etc. Look how fast coinmap.org has slowed down, and most of the business's on there are shelling VNC's.
Sorry guys. The bull market was 09-13. The easy money was already made. Sure bitcoin can rise 2 3 4x from here, but another 100 bagger? Not a chance.
You can create bitcoin replica's ad infinitum. Pointing miners to build a network takes a second.
Look how stable the BTC/LTC exchange rate is relative to BTC/USD. You can inflate the total amount of cryptos via substitution. If the price of BTC is too high people go to alts. This isn't a theory its been happening since spring 2013. Litecoin becomes very fungible with BTC.
Bitcoin is now half a decade old. Stagnant development has kept it in a permanent beta stage to give off the aurora that it is the "new" thing. The development "talent" pool has also been a total disappointment. As with all open source projects, no real incentive's in place. The biggest development in the last 12 months has been changing the name to bitcoin core.
Bitcoin userbase is as small as ever. Couple thousand unique users daily at max. All these pumpers have told us about the adoption that's coming, but somehow never materializes. We then quickly hear the excuses China, Mtgox. etc. Look how fast coinmap.org has slowed down, and most of the business's on there are shelling VNC's.
Sorry guys. The bull market was 09-13. The easy money was already made. Sure bitcoin can rise 2 3 4x from here, but another 100 bagger? Not a chance.
You are so wrong, we haven't seen anything yet from Bitcoin.
Bitcoin 100k is impossible.
You can create bitcoin replica's ad infinitum. Pointing miners to build a network takes a second.
Look how stable the BTC/LTC exchange rate is relative to BTC/USD. You can inflate the total amount of cryptos via substitution. If the price of BTC is too high people go to alts. This isn't a theory its been happening since spring 2013. Litecoin becomes very fungible with BTC.
Bitcoin is now half a decade old. Stagnant development has kept it in a permanent beta stage to give off the aurora that it is the "new" thing. The development "talent" pool has also been a total disappointment. As with all open source projects, no real incentive's in place. The biggest development in the last 12 months has been changing the name to bitcoin core.
Bitcoin userbase is as small as ever. Couple thousand unique users daily at max. All these pumpers have told us about the adoption that's coming, but somehow never materializes. We then quickly hear the excuses China, Mtgox. etc. Look how fast coinmap.org has slowed down, and most of the business's on there are shelling VNC's.
Sorry guys. The bull market was 09-13. The easy money was already made. Sure bitcoin can rise 2 3 4x from here, but another 100 bagger? Not a chance.
You can create bitcoin replica's ad infinitum. Pointing miners to build a network takes a second.
Look how stable the BTC/LTC exchange rate is relative to BTC/USD. You can inflate the total amount of cryptos via substitution. If the price of BTC is too high people go to alts. This isn't a theory its been happening since spring 2013. Litecoin becomes very fungible with BTC.
Bitcoin is now half a decade old. Stagnant development has kept it in a permanent beta stage to give off the aurora that it is the "new" thing. The development "talent" pool has also been a total disappointment. As with all open source projects, no real incentive's in place. The biggest development in the last 12 months has been changing the name to bitcoin core.
Bitcoin userbase is as small as ever. Couple thousand unique users daily at max. All these pumpers have told us about the adoption that's coming, but somehow never materializes. We then quickly hear the excuses China, Mtgox. etc. Look how fast coinmap.org has slowed down, and most of the business's on there are shelling VNC's.
Sorry guys. The bull market was 09-13. The easy money was already made. Sure bitcoin can rise 2 3 4x from here, but another 100 bagger? Not a chance.
I think people have an inflated view of bitcoin's fundamentals. Just because it theoretically COULD serve as mainstream currency (if it doesn't break) doesn't mean that it WILL.
That's not even necessary. It's going to at least $100k within a handful of years. Fundamentals dictate it. Up to you what you do with that.
The fundamentals dictate what btc is as a protocol and currency. They don't guarantee that btc will be worth over $100k in a few years.
I think people have an inflated view of bitcoin's fundamentals. Just because it theoretically COULD serve as mainstream currency (if it doesn't break) doesn't mean that it WILL.
It's going to at least $100k within a handful of years. Fundamentals dictate it. Up to you what you do with that.
The fundamentals dictate what btc is as a protocol and currency. They don't guarantee that btc will be worth over $100k in a few years.
For some reason, the average person on here thinks btc has to either go to the moon or crash into the ground. I guess they don't realize that each time btc explodes upwards, the likelihood of a similar rise becomes less and less. Anybody who casts doubt on another meteoric rise is shunned and attacked. Greed is a great motivator, some of these people think that btc is the greatest thing to grace their lives.
I would agree with this statement if it was clear that bitcoin adoption was near saturation, but this is not the case. Since this is not the case, could it not be argued equally well that similar growth spurts are in fact more likely as similar cycles of greed and fear play out across larger and larger swaths of society? I am not necessarily making this argument, but I see it as no less valid than yours.
The other thing that hit me recently was this:
Imagine that tomorrow society somehow learns that bitcoin will no longer increase in value. But they also learn that it will no longer decrease in value. 1 BTC will forever purchase the same basket of goods. Would you store more or less of your wealth in bitcoin? What would non-bitcoin users do? It seems to me that the answer is "store more wealth in bitcoin" due to the freedom that bitcoin as a store of value provides. But this would of course increase demand for bitcoin, which would necessarily increase the price since the supply is fixed. In other words, it seems to me that the only reason the price of bitcoin is not already much higher is that society believes the price could also be much lower.
Bitcoin really messes with my mind lol.
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