Things to think about NOW, before the next bitcoin bubble. 💥💹🔜

shayshaylaboogie

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This should be a sticky

this is great Cheesy

To me, investing in Bitcoin or Ethereum now is like buying a lottery ticket. The same rules would apply if you hit the jackpot; you need somewhere to store your wealth, the ability to resist the hordes of beggars that will come your way, and a purpose in life so you don't squander your new found wealth. But while lottery tickets have no resale value, bitcoins and altcoins are good as cash, if you can convert them.

If you would every buy a lottery ticket, buy some bitcoin. You have much, much better chances to make a return on investment.

Slark

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Quote from: zmhtech on May 12, 2015, 01:12:24 PM

nice post. this is the best I have read. right on about most stuff. and thanks for the bitcoin halving, I never heard of it.

One thing I will bring up is the priv key. you right if you let your money stay on coinbase(I used to) then you dont own bitcoin. in my opinion paper(encrypted with aes 256 gcm) is the only way to go, and just leave spending money on coinbase

If you never heard of halving there is website you may find interesting: http://bitcoinclock.com/ It is dedicated timer and it shows exactly when next halvings will take place.
For now, next halving: Reward-Drop ETA: 2016-07-29 04:45:58 UTC (63 weeks, 2 days, 15 hours, 30 minutes) When this change will hit bitcoin, price will go dramatically up.

zmhtech

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nice post. this is the best I have read. right on about most stuff. and thanks for the bitcoin halving, I never heard of it.

One thing I will bring up is the priv key. you right if you let your money stay on coinbase(I used to) then you dont own bitcoin. in my opinion paper(encrypted with aes 256 gcm) is the only way to go, and just leave spending money on coinbase

Denker

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WhatTheGox

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OP must have a ton of bitcoin that hes not willing to sell for any less than a few thousand, good for him

hodlers will have to stay strong if they want the big money.

Chef Ramsay

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Quote from: louise123 on May 12, 2015, 11:12:12 AM

Quote from: BTC_Superman on May 12, 2015, 11:03:13 AM

nice and helpful post. thanks to writer.

Sorry but I need to ask this:

How comes a newbie registered but 3 days ago has 28 activity?
You can only get 14 activity points every 2 weeks.

Also, not that it matters much but all your posts are one liners too.

This happened to me when I first joined. It seemed like my posting and activity stayed on par w/ each other up to a certain point. It's been so long that I can't remember when the normal 14 activity per 2 weeks happened.

louise123

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Activity: 462

Merit: 250

Quote from: BTC_Superman on May 12, 2015, 11:03:13 AM

nice and helpful post. thanks to writer.

Sorry but I need to ask this:

How comes a newbie registered but 3 days ago has 28 activity?
You can only get 14 activity points every 2 weeks.

Also, not that it matters much but all your posts are one liners too.

BTC_Superman

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Merit: 0

nice and helpful post. thanks to writer.

louise123

sr. member

Activity: 462

Merit: 250

Quote from: Elwar on May 08, 2015, 02:23:23 AM

Quote from: SpanishSoldier on May 07, 2015, 04:23:12 PM

Quote from: futureofbitcoin on May 07, 2015, 04:16:07 PM

Quote from: SpanishSoldier on May 07, 2015, 04:00:23 PM

If I remember correctly, I saw few posts like this before the last super spike in October 2013. I was not a member of the forum then. Is it the case that some people can sense the wave coming ?

I wasn't here back then, but I bet it's more of a selective memory type of thing. You tend to forget the 1000s of wrong predictions/bad timing, and remember the ones that were right. There are always people screaming next bubble is coming or cash out now bitcoin's gonna go to 0. And whatever happens, we just remember the correct predictions.

I am not talking about the thousands of trolls speculating about bitcoin upward or downward. This certain post pattern is a class apart than the rest and seasoned eyes can recognize it. It is not a typical school boy post or lousy words of an unsatisfied individual. It is coming from a seasoned individual who has seen ups & downs of life. And this type of posts are rare...

It's not like this is that big of a stretch in a prediction. He is talking about 2017/2018.

It is very likely that the price will rise in much the same as the last halving. The next halving is toward the end of 2016. After the last halving it took about 4-5 months to go from $12 to $266. It is not unreasonable to say that the next halving will have a similar response.

There is also a good feeling that the price has stopped falling. Not that the price is about to shoot up but most likely we have seen the bottom, which is encouraging.

That is true, however one can never know what the future might bring.
Don't forget that anything is possible in the Bitcoin world.

Elwar

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Viva Ut Vivas

Quote from: SpanishSoldier on May 07, 2015, 04:23:12 PM

Quote from: futureofbitcoin on May 07, 2015, 04:16:07 PM

Quote from: SpanishSoldier on May 07, 2015, 04:00:23 PM

If I remember correctly, I saw few posts like this before the last super spike in October 2013. I was not a member of the forum then. Is it the case that some people can sense the wave coming ?

I wasn't here back then, but I bet it's more of a selective memory type of thing. You tend to forget the 1000s of wrong predictions/bad timing, and remember the ones that were right. There are always people screaming next bubble is coming or cash out now bitcoin's gonna go to 0. And whatever happens, we just remember the correct predictions.

I am not talking about the thousands of trolls speculating about bitcoin upward or downward. This certain post pattern is a class apart than the rest and seasoned eyes can recognize it. It is not a typical school boy post or lousy words of an unsatisfied individual. It is coming from a seasoned individual who has seen ups & downs of life. And this type of posts are rare...

It's not like this is that big of a stretch in a prediction. He is talking about 2017/2018.

It is very likely that the price will rise in much the same as the last halving. The next halving is toward the end of 2016. After the last halving it took about 4-5 months to go from $12 to $266. It is not unreasonable to say that the next halving will have a similar response.

There is also a good feeling that the price has stopped falling. Not that the price is about to shoot up but most likely we have seen the bottom, which is encouraging.

acquafredda

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Cheers American Pegasus!
I'm on the boat with you.
Very good read.

The BTC storage and the NO part were already my main worries!

Thanks for sharing this.

You made my coffee time even more enjoyable.

I'm gonna buy more...and I'm not talking about coffee

Grin

Amph

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Quote from: Kprawn on May 08, 2015, 01:00:33 AM

Bubble? What bubble... It was the Willy bot doing it's thing. Wink

It would be the biggest mistake to not spread the word about Bitcoin... The more people who know about Bitcoin, the higher the demand for it.. the higher the demand, the higher the price.

Let's rather grow the currency in a natural way {without a Willy Bot} and increase the demand for a more stable price over the long term.

The OP should learn to share with others, who are willing to try. {PayItForward my friend}

manipulation will always be there, it does not matter if you we want the price to increase in a natural way, or if the higher demand will accomplished this, by its own

but with a higher market cap, the manipulation would impact much less the market, that's for sure

louise123

sr. member

Activity: 462

Merit: 250

Quote from: Kprawn on May 08, 2015, 01:00:33 AM

Bubble? What bubble... It was the Willy bot doing it's thing. Wink

It would be the biggest mistake to not spread the word about Bitcoin... The more people who know about Bitcoin, the higher the demand for it.. the higher the demand, the higher the price.

Let's rather grow the currency in a natural way {without a Willy Bot} and increase the demand for a more stable price over the long term.

The OP should learn to share with others, who are willing to try. {PayItForward my friend}

Read this: http://www.businessinsider.com/the-richard-wyckoff-stock-trading-method-2013-2?op=1&IR=T

Then you will know how price get's manipulated and why.

Kprawn

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Bubble? What bubble... It was the Willy bot doing it's thing. Wink

It would be the biggest mistake to not spread the word about Bitcoin... The more people who know about Bitcoin, the higher the demand for it.. the higher the demand, the higher the price.

Let's rather grow the currency in a natural way {without a Willy Bot} and increase the demand for a more stable price over the long term.

The OP should learn to share with others, who are willing to try. {PayItForward my friend}

louise123

sr. member

Activity: 462

Merit: 250

Quote from: Cryddit on May 07, 2015, 05:11:30 PM

I have wisdom to share: This is originally a line from Buckaroo Banzai Across The Eigth Dimension:

"No matter where you go, there you are."

You, with money, are the same person as you, without money. Having money may change the way you live, but get over the idea that it will change you. It won't. If you expect it to, you'll waste a lot of time trying to figure out who you are. And if you do shit you don't like or aren't good at, expecting that you will like it or be good at it now that you have money, you're being dumb. If you're unhappy without money, you'll probably be unhappy with money. If you can't form stable relationships because you don't value other people enough, you'll still have that problem when you have money. etc.

So, long-story-short: money is a tool, not an aspect of identity.

Nice, well said.

However, most people tend to think/say that money doesn't bring happiness.
Happiness is a state of mind, so it depends on a person's character, not their pockets.

That being said, NOT having (enough) money to be able to cope with your responsibilities, creates health issues and unhappiness.
So does money bring happiness?

Personally I would rather cry in a mansion Wink

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: S4VV4S on May 07, 2015, 09:42:50 AM

TL;DR version?

Thread is thinly veiled speculation post and doesn't belong here.

S4VV4S

hero member

Activity: 1582

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Quote from: Cryddit on May 07, 2015, 05:11:30 PM

I have wisdom to share: This is originally a line from Buckaroo Banzai Across The Eigth Dimension:

"No matter where you go, there you are."

You, with money, are the same person as you, without money. Having money may change the way you live, but get over the idea that it will change you. It won't. If you expect it to, you'll waste a lot of time trying to figure out who you are. And if you do shit you don't like or aren't good at, expecting that you will like it or be good at it now that you have money, you're being dumb. If you're unhappy without money, you'll probably be unhappy with money. If you can't form stable relationships because you don't value other people enough, you'll still have that problem when you have money. etc.

So, long-story-short: money is a tool, not an aspect of identity.

Amen.

Man make the money, money never make the man. - L.L. Cool J

S4VV4S

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Quote from: spazzdla on May 07, 2015, 09:52:57 AM

Quote from: S4VV4S on May 07, 2015, 09:42:50 AM

TL;DR version?

You should really read it all it is a good read.

The no part will be BIG imo.. I forsee difficult times ahead.. those you have pleaded with to buy real wealth will come BEGGING for you to bail them out after they spent all their money on booze and bitches when you saved it to secure your future.

You must learn to become an *ass* don't let fools ride your coat tails after partying while you worked.

My plan is to own a golf course with my other BTC buddy. Although he might just buy like 10 with the stash he has lol.

OK. Read it.

So, it's a prediction that the next bubble is coming sometime after this winter?

Erm, isn't the block reward supposed to halve next year?

pablox43

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Quote from: Cryddit on May 07, 2015, 05:11:30 PM

I have wisdom to share: This is originally a line from Buckaroo Banzai Across The Eigth Dimension:

"No matter where you go, there you are."

You, with money, are the same person as you, without money. Having money may change the way you live, but get over the idea that it will change you. It won't. If you expect it to, you'll waste a lot of time trying to figure out who you are. And if you do shit you don't like or aren't good at, expecting that you will like it or be good at it now that you have money, you're being dumb. If you're unhappy without money, you'll probably be unhappy with money. If you can't form stable relationships because you don't value other people enough, you'll still have that problem when you have money. etc.

So, long-story-short: money is a tool, not an aspect of identity.

Well said.

futureofbitcoin

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Quote from: Cryddit on May 07, 2015, 05:11:30 PM

I have wisdom to share: This is originally a line from Buckaroo Banzai Across The Eigth Dimension:

"No matter where you go, there you are."

You, with money, are the same person as you, without money. Having money may change the way you live, but get over the idea that it will change you. It won't. If you expect it to, you'll waste a lot of time trying to figure out who you are. And if you do shit you don't like or aren't good at, expecting that you will like it or be good at it now that you have money, you're being dumb. If you're unhappy without money, you'll probably be unhappy with money. If you can't form stable relationships because you don't value other people enough, you'll still have that problem when you have money. etc.

So, long-story-short: money is a tool, not an aspect of identity.

I agree with the morals of this to a certain extent, but not with the content. The fact is, people do change with money. People become more greedy, become paranoid, etc. But it works the other way too.

If you're doing "shit you don't like or aren't good at" now to survive, if you had money, you wouldn't need to do that. It gives you a lot of choices. You can avoid things or people you couldn't avoid before.

Topic: Things to think about NOW, before the next bitcoin bubble. 💥💹🔜 (Read 2454 times)