Topic: -- The Riddle of the Twin Brothers - Who Were, Are and Will Rule the World! - page 244. (Read 383560 times)

Got a little excited and blew my entire $20 [iXcoin] marketing budget on this.  haha.

The blockchain will go closed source eventually, after everyone is in, or at least one way visibility so the govt will have full access to change and alter the chain.  There is no way in hell they're gonna allow all the monkeys to see their transactions, that's another pipe dream which will soon evaporate just like the anonymity and decentralized lies did.

I too feel like we're gonna trade sideways with an upward bias from here until early next year until the next real boom starts so we should see increased volatility along higher lows and higher highs.  If $300 is broken and it stays there a few days in a row then we'll see $220 again but right now it feels like an upward move with high volatility.

As for diversifying - buy the big backer alts but especially the ultra secured merged alts, those will be the prime candidates for sidechains.  I expect banks and corporations to go on a massive hostile takeover spree of these particular alts of their lead devs play the freedom from banks libertarian card. 

Congrats, that makes you and Macro as people who got Legend this period that I noticed it it took a while on mine too so I know that feeling evil RNG.

Thanks the question for me is when Greed coincides with opportunity, I have my hedges for halving 9 months and some to the real rally but some sort of vertical rise preceding it is also likely, this time I thought it was the recent rally but it did seem a bit soon for that.

If those Ratios move to a good multiple it correlates with a price rally of course everyone will see it as well and that will signal a buy order, not entirely convinced we are in a sideways pattern instead of retreading yet though as a recent lag indicator is that google trends seems to be at double the volume of the last peak so I'm not quite sure about this rally ending yet at least until that trend data catches up, and a head and shoulders formation is presently on the price, if it breaks the shoulder then its down more if not then observe either way its funner than it's been in months

(Or a new mining boom appears)
http://www.newsbtc.com/2015/11/11/bitcoin-reaches-the-highest-level-on-google-trends-since-may-2014/

I can chew on it for a while waiting I just need the groupthink mentality to do its job XD or a MMM ponzi whistle lol.


I worry about the unchangeable blockchain crime data network, and how the heck you change the entries if a person was found not guilty or someone has a grudge and puts up false entries recorded forever, add in corrupt government officials biometrics and were in for some fun lol.

"Blockchain and Biometrics to Reduce Rampant [Government] Corruption."

Oh thank God, traceable and easily confiscateable [digital] money wasn't enough, now the government wishes to add biometrics to the blockchain. 

But not to control the sheep, no, it's to police itself, to catch corrupt government officials.  Bahahahaaa.

I predicted biometrics 2+ years ago and the usual muppets parroted, "the people will never obey such laws."

And soon we will see what I predicted nearly 2 years ago, the Lifewallet attached to your DNA...for your own protection, of course, and to catch those self-policing government officials.  lol

I literally laugh outloud when I read this stuff now. 

That's an excellent analysis. 

I watched and traded tech stocks for many years and a >100 PE ratio is very common for a tech stock during its hyper-growth phase, which Bitcoin is about to enter.

Then consider that Bitcoin only has a fraction of the usual common stock shares and also the fact the entire planet will be chasing it, including low income and impoverished nations and then add the fact people will be able to easily buy Bitcoin on credit and you'll get a boom/bubble like the world has never seen.

The only comparison will be the madness of the tulip bubble where one worthless tulip bought you a house on the canal, currently valued at close to $1,000,000. 

No need for a riddle there, this is simply the result of human greed and fear combined with predictable sheep groupthink, err, the network effect. 

<-------  Legendary. 

It's about time, Theymos!  lol

Another asshole, err, rich, "connected", Johnny Come Lately, parroting my genius and stealing all my credit.   This "let's steal Vlad's vision" has got to stop.  Haha!


Tim Cook, chief executive of Apple, makes [Vlad], err, bold prediction about the death of cash as he promotes Apple Pay alternative

The next generation of children born in Britain "will not know what money is", the boss of Apple has predicted.

Price dumping hard so that was a pre-fed auction pump and dump. 

As for $10,000 price in the near future, I would bet anything I own that we will see much higher prices than $10k in the next 1-2 years. 

The real question for me is the time-frame we are looking at, I see enough movement into Bitcoin to justify a base price of $67.45 just based on the infrastructure and seed capital in Bitcoin right now.
Not even calculating revenues and growth metrics from that.

That would have been in the trading range I started using Bitcoin in 2013 so if Draper is putting an estimate out of 10K by 2017, I presume he made the calculation based on 5 to 6 Billion Dollars in infrastructure investment for a base around $300-360 dollars with the return from the 1 Billion in 2015 launching new industries and increasing trading volumes and usage by at least a few folds around 50x which is fairly aggressive growth but it is tech.

At the very least it will break $500 by 2017 if Seed Funding remains steady in the future, on the low end a price just based on infrastructure would near $200 dollars based on 1 Billion in new seed capital each year to 2017.

http://money.cnn.com/2015/11/02/technology/bitcoin-1-billion-invested/
Total Supply at time of Post
14,826,650
1,000,000,000/14,826,650 = $ 67.446

(For Fun Present Metric P/I I made that up Price to Infrastructure is roughly 5 lol)
Peak was well the metrics for 2013 In Infrastructure divided by then supply and coinage 12 mill round Dec 2013
95.05 mill /12 mill = $7.92  
Price actual peak $1147.25/7.92 = 144.85 lol
http://www.coindesk.com/bitcoin-venture-capital/
https://blockchain.info/charts/total-bitcoins?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

So at theoretical Peak Bubble based on present infrastructure
67.446 * 144.85 = 9769.55 --> 10 K lol

I'll go With PE 5 and say $1500 whistle

I think you all are dreaming. Bitcoin can't even break $500 and $1000. S$10k is impossible for bitcoin. It would take a lots of money to be in bitcoin for it to go so high.

Tim Draper - "Bitcoin Heading To $10K By 2017."

Draper is one of the biggest investors in Sillicon Valley and I think he's being conservative so he doesn't end up looking like a Vlad, err, a crackpot. 

I think we'll see $10,000 by next year and I personally think that's gonna be just the start, we should see much higher levels since $10,000 should spark a massive Bitcoin worshipping, money loving, greed buying frenzy.  Push and Pull - Greed and Fear to the max.

Today's Bitcoin price:  $358, after a "big" run up from $220.

Well I was not expecting it to break through not one but two consecutive resistance ranges without having some sort of pullback.
That said I think the crash will be pretty much to $320-$330 from here before stabilizing and beginning some movement again, it could also tread sideways but that usually takes longer to call either way I'm satisfied for now that it had some good action.

It's a good time to move money to exchanges though and just have it sitting there for a week or two if the signs of another rally start becoming clearer, plus it still takes a few days for it to process.

The real run should occur within 9 months but this could be just a prelude to it, 2016 is an interesting year due to the halving and whether we see a power rally before it halves or a few months after.

(Alts might be a good move since they seem to be rising right now that Bitcoins calmed again, although I am not sure myself which alts are the most tempting but assuming the risks it may be worth looking more into that)

Crash to $350.  Second hard crash this week.  It may go back to $500 but I doubt it, this is feeling like another fed pre-auction pump.  Good time to trade if you have a core position to HODL.  Just don't use margin cause they'll get you, especially on Bitfinex.

I think the real run - the run over $10k won't happen until early next year.  More time to accumulate.  Right now I would be buying the top alts, hand over fist, they'll pop as Bitcoin falters.

Thanks and your right it's true enough there are always ulterior motives like Willybot etc, we have both seen 2013 heck even 2011 but with Bitcoin once it really starts to rally it does not stop for a while, and when it decides to finally slow down it tends to have broken new ground in the all time high, but its still early to call out a +$1000 dollar call but the current momentum at least seems to justify that 7 weeks of straight green lines and week to week gains that the possibility is there.

Either way it will be spectacular and it's that time again to put on our sunglasses

Good analysis.

Problem with BTC is that there are major players with ulterior motives and Bitcoin is so illiquid that it's easy to manipulate so all the manipulation ends up defying all investment logic.  Likewise, once the hype starts the run is going to be equally spectacularly manipulative.

Trend wise this is the second testing point for Bitcoin, it has difficulties between the 420 and 450 Range breaking through to that $500 range implies that the major resistance walls weaken again until it hits the 600 to 800 targets.

Right now we are touching the old bottom point for the 2014 Stable ranges and that peaked at 600 so if we get a second push through it will be another run to the next target.

And perhaps that would be damn good news for launching an ETF at the least the exchanges are under pressure because people are using Bitcoin ATM's with this rally.

https://blockchain.info/charts/market-price?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

I thought we'd top at $399 but it blew that right off with no selloff.  I'm not convinced yet this is the next big run but if it break $500 with the same conviction then it might be.  Gemini is ready so hopefully the ETF is imminent.  That's the spark that will take us to $10,000+ in a hurry. 

This is one of those times indeed Vlad
You wrote this yesterday and we are already seeing it pass $435 (437.66)
So this is the monster run we were all waiting for.

$375 and still going strong.

This could be more than the usual pre-fed auction run.  I wouldn't risk it by dumping here.  Just hold and hope this is the start of the next monster run. 

Is this what freedom from banks, corporations and governments looks like?

Man, we really showed them, eh?  Hahaha. 

And the parrots say:  Kill the fed!  Kill the fed!  Kill the fed!


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Björn Eriksson, former head of Sweden’s national police and now head of Säkerhetsbranschen, a lobbying group for the security industry, told The Local, “I’ve heard of people keeping cash in their microwaves because banks won’t accept it.” Fotolia

Sweden is shaping up to be the first country to plunge its citizens into a fascinating — and terrifying — economic experiment: negative interest rates in a cashless society.

Banking Giant, Credit Swisse, recently said:  "If you have to use cash then something is wrong."

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Shit Bobby, doesn't this look a lot like a war on cash and an incredibly well planned out global bank/corp/government wealth confiscation and enslavement scheme?  Haha!

Not much time left, BUY BUY BUY!!!

Then RUN RUN RUN!  lol