News URL : https://news.bitcoin.com/coinchecks-growth-reveals-surging-japanese-bitcoin-trade/
Topic: The Bullish Bitcoin Media Center (The ONLY Bullish Bitcoin News Thread) - page 59. (Read 259656 times)
January 12, 2017, 01:22:54 PM
January 12, 2017, 01:22:13 PM
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January 12, 2017, 01:05:29 PM
January 12, 2017, 01:03:34 PM
January 12, 2017, 12:55:08 PM
It is interesting to continue to witness some of the hostility, confusion, and seemingly misinformation in the mainstream media towards bitcoin.
Adam White (from Coinbase) doesn't really do very well in that video interview in reframing the hostility away from bitcoin.
Sure, he makes several good points, but those good points seem to become lost in the fray, and there seemed to be a lot of perpetuation of misconceptions and misinformation by the hosts, whether intentional or not.
So, in other words, some folks seem to be so skeptical of bitcoin that they are going to end up chasing the bitcoin train at $3k and above.. dumb asses.
By the way, even if some of these bitcoin skeptics are scared of bitcoin, its volatility and adoption, they can still consider whether making 1% investment towards bitcoin might not be prudent in terms of diversification of their finances (and hedging, possibly)..
Surely, we are going to witness some of these bitcoin skeptic folks evolve in their thinking in the coming years, no?
There will always be skeptic my dear brother JJG, no way will get rid of them, but let them witness our success
I am not so sure. The older ones are hard to budge.
I personally think the new money will come in over the next few years from young people with fresh thinking and open minds. The school kids now who are beginning to think about going out in to the working world.
The oldies die off and the youngsters become of age (with regards to btc)
I personally think the new money will come in over the next few years from young people with fresh thinking and open minds. The school kids now who are beginning to think about going out in to the working world.
The oldies die off and the youngsters become of age (with regards to btc)
Somehow what you are saying my dear brother Rjclarke2000 is right, but we can't say that it's 100%, still there are oldies who are into technology and understand it well than a lot of millennials.
January 10, 2017, 06:58:24 PM
I am not so sure. The older ones are hard to budge.
I personally think the new money will come in over the next few years from young people with fresh thinking and open minds. The school kids now who are beginning to think about going out in to the working world.
The oldies die off and the youngsters become of age (with regards to btc)
I personally think the new money will come in over the next few years from young people with fresh thinking and open minds. The school kids now who are beginning to think about going out in to the working world.
The oldies die off and the youngsters become of age (with regards to btc)
January 10, 2017, 05:41:56 PM
It is interesting to continue to witness some of the hostility, confusion, and seemingly misinformation in the mainstream media towards bitcoin.
Adam White (from Coinbase) doesn't really do very well in that video interview in reframing the hostility away from bitcoin.
Sure, he makes several good points, but those good points seem to become lost in the fray, and there seemed to be a lot of perpetuation of misconceptions and misinformation by the hosts, whether intentional or not.
So, in other words, some folks seem to be so skeptical of bitcoin that they are going to end up chasing the bitcoin train at $3k and above.. dumb asses.
By the way, even if some of these bitcoin skeptics are scared of bitcoin, its volatility and adoption, they can still consider whether making 1% investment towards bitcoin might not be prudent in terms of diversification of their finances (and hedging, possibly)..
Surely, we are going to witness some of these bitcoin skeptic folks evolve in their thinking in the coming years, no?
January 10, 2017, 03:05:08 PM
Sorry Fakhoury my friend but I thought I'd pull you up on your spelling error. You mean $33k sir!
Don't apologize my brother, it's OK
It will go there and pass that limit, but no way this year brother, even if it does, this will extremely harm Bitcoin.
This is will a mega bubble and I hate bubbles.
I agree with you Fak - I hate the notion of bubbles too, but I think they are unavoidable as new users are ushered in and feel the same rush that we all felt when we started with Bitcoin. But to that end, check out this:
https://medium.com/@coinscrum/the-fractal-relationship-between-bitcoins-first-two-bubbles-and-what-they-might-tell-us-about-a-7c8df5fb9613#.g21hqf8fn
Some pretty intriguing ideas on the cycle theory!
I agree with you brother, but what bothered me in that blog post is that the OP said it's "just for laughs", it really pissed me off.
I agree, but my suspicion is the reason he said that is so that people would not wager their hard-earned saving expecting that that is what would happen, rather than just what might happen. I get the same feeling - when I post cycle graphs and show how BTC looks like it's following the same path again, I am aware that there are no guarantees, but I don't know if everybody is. I worry someone will take cycles as literal then if they lose money come looking for someone to blame!
Quote
I'm the one who I should ask you now, as you are into bubble analysis, does what the OP said, is feasible ?
Short answer - I say yes, definitely feasible.
Longer answer - from what I have seen, I think there definitely are fractal formations in Bitcoin prices, and as long as it remains an unregulated market, I think cycles will repeat. He presents a well thought out case on repeating patterns, some of which I have found as well. I am not educated on the formal Elliot-wave theory, so can't say for sure, but given his time frame and price ranges/increase, I say quite possible.
All what you've said makes sense, I agree.
Another question please, 2x-4x per year, feasible ?
January 10, 2017, 01:23:15 PM
Sorry Fakhoury my friend but I thought I'd pull you up on your spelling error. You mean $33k sir!
Don't apologize my brother, it's OK
It will go there and pass that limit, but no way this year brother, even if it does, this will extremely harm Bitcoin.
This is will a mega bubble and I hate bubbles.
I agree with you Fak - I hate the notion of bubbles too, but I think they are unavoidable as new users are ushered in and feel the same rush that we all felt when we started with Bitcoin. But to that end, check out this:
https://medium.com/@coinscrum/the-fractal-relationship-between-bitcoins-first-two-bubbles-and-what-they-might-tell-us-about-a-7c8df5fb9613#.g21hqf8fn
Some pretty intriguing ideas on the cycle theory!
I agree with you brother, but what bothered me in that blog post is that the OP said it's "just for laughs", it really pissed me off.
I agree, but my suspicion is the reason he said that is so that people would not wager their hard-earned saving expecting that that is what would happen, rather than just what might happen. I get the same feeling - when I post cycle graphs and show how BTC looks like it's following the same path again, I am aware that there are no guarantees, but I don't know if everybody is. I worry someone will take cycles as literal then if they lose money come looking for someone to blame!
Quote
I'm the one who I should ask you now, as you are into bubble analysis, does what the OP said, is feasible ?
Short answer - I say yes, definitely feasible.
Longer answer - from what I have seen, I think there definitely are fractal formations in Bitcoin prices, and as long as it remains an unregulated market, I think cycles will repeat. He presents a well thought out case on repeating patterns, some of which I have found as well. I am not educated on the formal Elliot-wave theory, so can't say for sure, but given his time frame and price ranges/increase, I say quite possible.
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