Topic: -- The Riddle of the Twin Brothers - Who Were, Are and Will Rule the World! - page 269. (Read 383571 times)

Call it what you may, but my money lies on a PoS coin taking over BTC and any PoW coin within 2 years.  It is not just the fact that a PoW waste millions in electricity a year, but certainly faster transaction times and other features coming out of PoS coins are far superior if they stand the test of time.

There are good technical papers written on this and PoW is easily the most secure choice.

We're talking about global transactions here with anyone trying to crash your network.  That's where PoW gets the job done and everything else is simply another gimmick.

So far PoS coins have certainly proven to be secure.  A PoW coins is basically an arms race, to consume the most amount of energy.  Do you have any idea how much energy is consumed in PoW?  The amount of leading zeros on a transaction hash (network difficulty) serves no tangible purpose.

For short term trades, I don't look if a coin is PoS or PoW, I just look at the things I feel newbie investors will look at when they come in [by the millions].  Things like name, [cheap] price, logo design, maybe active devs and a good reputation and other simple things like that.

So if the coins I'm buying (for a flip) aren't PoS then it's just a coincidence.

Longer term, there's no way I'd ever buy and hold any coin which is not PoW AND a coin secured with massive hash power, like iXcoin.  The reason is that's the single best way to secure a coin for mass, Global adoption.

PoS security is POS...pun intended, and without an ultra secure network your coin is DOA, good only for short term trading.

Hedge Fund states Bitcoin to surpass PayPal in dollar value transactions.

What does this mean?

It means we can properly evaluate Bitcoin's fair market value.

Skipping the present value cash-flow formula (since Bitcoin doesn't yet have such cash-flows) we can simply look and see that PayPal is currently valued at $20 Billion.

$20 billion divided by Bitcoin's ~13 million coins gives us a price of ~$1600.

But paypal is in a mature slow growth phase while bitcoin is in hypergrowth phase.

What this means, is that later this year, Bitcoin should at the very least, see a $2,000 price and may briefly touch closer to $4,000, before selling off back to around $1500.

Next year, well, next year, with the public ETFs, there's simply no way to know how high Bitcoin will go by it's going to be more than all the past booms combined and then some.

How come you don't invest in any PoS coins?

Impossible to say.  Last year, on a % basis, I would say Quark did the best.  Quark was and is a dog [with premined fleas].  A hugely premined dog.  But Max Keiser had a nice chunk of Quark so he mentioned it on his show and it blasted off.  Nobody could have seen that.

So that's why I say diversify and keep your eyes open, if any coin gets on some popular tv program then I would definitely start buying that.

Right now just focus on the really oversold coins with decent devs, not too many coins outstanding (with a couple exceptions like DEV and DOGE) and a good Coin Name, as many new investors will know little about the tech or even investing so they'll simply buy a coin whose name and logo they like. 

Some coins I've been accumulating on this ridiculous sell-off:  DevCoin, CasinoCoin, NetCoin, WorldCoin, GrandCoin, CASHcoin, Doge, and a few others.

Do your research and don't hesitate to buy if it looks and feels right.  And don't be that guy that thinks a triple is a lot of money. I'm certain some of these coins will do 20 fold and some will blow past 100 fold returns!

I was tempted to think the latter as well, simply cause last year we had a few dozen coins while now we're at nearly 500.  But that's not the case.

The reason is that this time there will easily be a 10-fold influx of new investors and more like 100 times the influx of new money , compared to last year's mickey jump [compared to what's coming this year and especially next year] as many hedge funds and professional investors have been buying and will buy more.

So all these hundreds of ShitCoins, most of them should see a huge spike and a few should see at least 100 fold growth in price while a select 1 or 2 should see a 1,000 fold increase.  That sounds impossible but with so many decent coins sitting at 1/10th of 1 penny (and cheaper) a coin would only need to hit $1 for a 100,000% ROI.

Like CASHcoin, that coin trades at 1200 Satoshi now with literally only 3.4 million coins out there.  Such a coin could see demand outstrip supply in a massive way and it could see, not $1, but $10+.  And there are now quite a few ridiculously prices coins, well under 1/10th of 1 penny with decent developers, limited number of coins outstanding and in good niche markets (like CasinoCoin).

So diversify, and don't sell for a paltry triple like most people did last year as i was screaming at them:  DONT SELL!!!  haha!  Sell only chunks of say 25% at a time and leave the final 25% there just in case you own the next Bitcoin or if that coin just keeps going and going and going...

Good luck!


Disclosure:  I have been recently buying oversold coins like CASH, Casino [of course iXcoin] and a number of other coins for a quick profit in the next crypto boom, on the basis that these coins are far below their relative fair market value [compared to other pumped coins with nothing new or tangible to offer].

question is, which one will rise and shine like a phoenix?

Good to see you have also noticed that trend from last year. 

So many think their favourite altcoin will simply go up hand in hand with Bitcoin.  This did not happen at all last year.  Most alts dropped MASSIVELY against BTC and then had that huge dramatic, but also brief, rise (ie the wave in your Tsunami metaphor).  I also think the same pattern will repeat, we are already seeing many alts dropping to BTC this week. 

Last year most of the altcoin experienced that rise, however I think this year some will rise on the wave while many will just get washed away... 

The Bitcoin Tsunami Effect [Phenomenon]:



As Bitcoin is moving up, alt-coins are crashing, collectively [with few pump and dump exceptions] and in a big way.  This phenomenon had me confused last year but now I get it.

It's like a Tsunami Effect. I watched it last time right before Bitcoin blew up, 99% of alt-coins were getting killed, down over 90%; and people were freaking out about it.

Now it's happening again and it's because everyone is feeling that Bitcoin is ready to move so they dump their alt-coins to buy Bitcoin.  How is this different than any other time over the last 5 months?  This time, just like last November, it's a collective effort.  Everyone is feeling it which is probably the biggest indicator that this upward move in Bitcoin is the real deal, it will continue and we will get the huge summer JAM I've been predicting.

Then as Bitcoin blows up, all those oversold alt-coins will explode to the upside.

Very interesting phenomenon.

FYI:  I have been buying some oversold alts for this reason, to flip when the boom does happen.

Yes, exactly what I think is happening.  They really don't have a choice.  They've spent and borrowed to no end.  

There is no easy way out:  Someone has to pay and pay dearly.  This is, ironically, Hope and Change, Massive change, but not the Change people expected.  Haha!

78 million boomers are retiring and they killed 50 million of the future work force [just in the US], which could have paid the necessary taxes to support them.

It's either a scheme like this, bankruptcy or to literally euthanize 78 million retirees (in the US alone).  

I think the final solution will be a combination of all 3.  ObamaCare would make it easy to not approve many life saving procedures for the elderly.  They'll kill millions of people via sheer neglect and lies.

Kind of ironic given it was this boomer generation who voted for the killing of the helpless unborn on the premise that they were not considered "human" [because they had nothing to offer society and could not survive on their own, exactly like the sick and elderly] and therefore had no rights.

I can't wait for next year.  Everything will be full bore by next year:  Media, World Governments, Banks, Corporations, Hedge Funds, Wall Street and the Global masses:  All aiming and pushing for the same one thing:  Bitcoin [and by Extension, alt-coins].

Nothing like what's coming next year has ever existed!  $10,000 Bitcoin price could turn out to be a ridiculously low estimate.

 Without a doubt my numbers represent but a fraction of the total wealth available for conversion to btc but it does illustrate just how high the price could go and how it could affect wealth brackets.

If:
 115,000,000 Families * $3800 = $437,000,000,000
 $437,000,000,000 / 2,500,000 BTC = $174,800
And if the average person were to wait until conversion was mandatory:
 $3,800 / $174,800 = 0.0217391304347826 BTC
 $10,000 / $174,800 = 0.05720823798627 BTC
 $100,000 / $174,800 = 0.5720823798627002 BTC
 $1,000,000 / $174,800 = 5.720823798627002 BTC

Everyone who currently owns 0.1 btc and $0 would be about 4 times more wealthy (as measured in btc) than the average family with $3800 in the bank but 0 btc. By forcing everyone to convert from fiat to btc and use it as "legal tender for all debts public and private" the vast majority of people would be living in btc poverty as compared to an early adopter sitting on 0.1 btc. The psychological impact would be enormous. If one were to factor in all the money that could conceivably be converted to btc the results would be much more extreme.

By "inflating" the price of btc relative to fiat and then forcing everyone to convert to btc the vast majority of people would find themselves bitcoin paupers. Not a single USD would have to be stolen, appropriated, or  confiscated.  

 

From the link above: “Bitcoin does not present a threat to economic activity by disrupting traditional channels of commerce; rather, it could serve as a boon.”


This is what the Fed thinks.

The guys who Andreas said were terrified of Bitcoin.  Haha!

Did you guys really believe muppets like Andreas Antonopolous when he was spouting off stupidities for over a year now, about:  Banks, the Fed and Corporations hate Bitcoin, are terrified of it and they can never control it.


Hahahaa.

The truth was always the exact opposite so either these experts are total idiots or they're media puppets.

And this is why that Bitcoin Public ETF was a done deal from day one.  They knew what this was from the beginning.  Or do you guys think the Fed just now realized this and decided to let us know.  Haha!

And notice the doublespeak:  SEC Warns investors about Bitcoin yet will issue an ETF license so even your pensions funds will go into Bitcoin and then they say Bitcoin is gonna be a BOON to commerce.

Hahahaa, well, which is it?  Is Bitcoin dangerous or is it a wonderful thing I should put my pension money into?

What they're doing here is laying the groundwork for the ETF approval and giving the green-light for pension funds to invest in what is now [all of a sudden] a good, safe investment.


This is the mother of all schemes!!!  Buy in now, all you can afford, and make literally millions of dollars next year when the Sheep Funds jump in [head first].

Quicksilver,

You make some good points but those numbers are tiny compared to the money in US (and European) pension funds (401K, IRA, etc.).  The biggest reason Bitcoin will be given an ETF license is so that all those mutual funds and hedge funds and regular investors will be able to [legally and easily] buy Bitcoin.  

People don't realize that most funds right now, even high risk hedge funds, cannot legally buy Bitcoin yet.  

That market is in the trillions of $$$, and it's coming online in 6 months, by January of next year.  This is why I said next year Bitcoin will easily see $10,000+ and it could go much much higher.

What hedge fund manager or mutual fund manager is gonna tell their boss or their investors that they didn't put anything in Bitcoin?  Not even 1% of their reserves?

Impossible. 1% is very little to risk for any fund.  Hundreds of Billions will go into Bitcoin (and alts due to crowding out and speculation) next year alone.

This is the biggest purpose for the ETF license and how I knew it was a done deal way last year.

And this is why I've been saying China and Russia have been secretly hoarding Bitcoin and why 3rd world countries around the world have so many Bitcoin wallets.  Just a fraction of 1 Bitcoin for someone in Africa or India will appreciate to life changing money.

And who's gonna pay for all this?  The pension funds from the West!


The game of musical chairs has begun!  

That's very interesting - good find.  And of course you would expect that, if you're doing a wealth redistribution, as easy money gotten by millions of people would be spent just as easily on everything from fancy cars to art.  The first thing I would do is run out and buy like 5 cars [i don't need].  Why?  Cause that's what people do with money that comes overnight.  

Problem is, this will be short lived.  And then what?  The corporations get all the profits, all that wealth and we're forever stuck with GATT.


Now read that article and think of this:  "The Twin to Lift up the Colonies!"


Starts to actually make sense.

Here are a few stats to get you started:

The average US family bank account balance: $3800
Number of families in the US: over 115 million
Total BTC mined: 12.792 million

115,000,000 Families * $3800 = $437,000,000,000
$437,000,000,000 / 12,792,00 BTC = $34,162
$3,800 / $34,162 = 0.1112347052280311 BTC

$437,000,000,000 / 2,500,000 BTC = $174,800
$3,800 / $174,800 = 0.0217391304347826 BTC

Now consider this: What if there were a way to force everyone in the US to exchange their USD for BTC? What if the amount of BTC allocated to the US were only about 2.5 million? What if BTC was in a bull market or the USD was taking a dive for a month or two just prior to the forced conversion? Obviously my stats aren't perfect and there are other factors to consider but despite any inaccuracies the result is still the same: the average american family would be going from having $3800 in the bank to only fractions (0.0217391304347826! OUCH!) of BTC. The wealth would instantly be redistributed and the shock to society would be devastating Think about it: if a surprise forced conversion were implemented after the price is jacked sky high there would be a lot of people who are USD rich who would be effectively made middle to lower class over night. Another interesting stat: allegedly 25% of US families have NO money in the bank. Obviously they wont lose much but they also won't gain a damn thing either. The poor stay poor, the middle class becomes poor, and the rich become poor. Who gets rich? Who is buying all the bitcoins? Who is orchestrating this whole scheme? It's not hard to see what's going. China makes a lot of noise about btc but they haven't banned it. Russia did the same thing. How many bitcoins do you think the Chinese and Russians own? Half? Quarter? The Chinese invested a shit ton of money on mining gear and buying bitcoins. Keep in mind: the Chinese govt allowed a pro bitcoin television program to be aired. They were encouraging people to get involved. How many are tied up in big investment funds or lost? What about the US govt and Fed? How much have they gotten their hands on?  Just some things to think about when it comes to this redistribution of wealth scheme.

Did you see?

http://www.coindesk.com/federal-reserve-bitcoin-potential-boon-global-commerce/

I knew that last year.

That doesn't mean anything.

Bitcoin is seen as new technology and all the best tech stocks are listed on Nasdaq.

What this does mean however, is that they're expecting licensing soon, within the next 6 months.  Otherwise it would be very premature for them to announce where they'll list it.

If you watch videos on YouTube of them their body language gives it away that this was all preplanned from day one.  They even change their story about the mutual friend whom they met in Ibiza and how they immediately knew Bitcoin was gonna be huge.

In one video they say they knew it immediately.  In a different video they said they got back to New York and later looked at it and then realized it.

Sorry, but such a revelation is burned into your mind forever.  I'll never forget when I first saw bitcoin on the news at $266, my story would never change so drastically.

Or how they bumble with uncertainty when asked where and how they bought all their Bitcoins.

These guys were chosen cause they're perfect for this job and it all has to look like grassroots and not like the banks or govt are doing it.  

They're frontmen.  

It's a fact the CIA's VC arm (InQtel) invested in Facebook early on.  It would be easy to approach them and say: "We have a new technology, bigger than Facebook.  You guys missed out on Facebook, you can make up for it now."

Or InQtel could have easily promised them this deal to settle the Facebook lawsuit.

I don't know, but this ETF was a done deal from day one and I said so even though I could not find one single human being that felt the same way last year.  

I remember they were literally laughing at the mere notion of a Bitcoin ETF On all the financial cannnels.

Not one expert said it was even a possibility and in fact they all said it was impossible and it would be irresponsible for the SEC to ever issue Bitcoin an ETF license.

These experts were right but they didn't see this was all preplanned which is why they got it so so wrong!

yes, even if btc is huge soon and everybody is forced to use it, it would still be easy to trade crypto2crypto and the rebells could very easy trade btc for their rebel-crypto and that out for cash (or gold, services, goods). So this whole crypto-prison-thing is really not airtight.
It'll come down again to the 'you need to know how' to evade it. So there isn't really any change. They can only enslave the mentally weak, which is 99,9% unfortunately.
But let's wait how peoples perception of their leaders changes with the next worldwar and if they are still ready to follow orders after the nuclear winter.