Topic: This could be the bitcoin bears nightmare! (Read 5385 times)

Except he didn't, he probably even lost.

If fewcoins made millions trading bitcoin he can easily prove it by signing a message from a wallet address he held his shitloads of coins in while trading.

fewcoins: "This user is currently ignored." 

Don't feed the trolls.  They'll just keep coming back

In hindsight, everything appears crystal clear. 

^ SMH Wow why don't you apply that logic to BTCitcoin and grow out of your dream world!

Sure buddy. Enjoy that "cold hard cash."

Yes, It is called a bubble, not the first cash out I have had that was up thousands of percent...
It sucks that most people on here suck so bad they can't believe everyone isn't loosing money like them

...Oh, Im sorry, not loosing money but rather lowering their cost average by buying more every week LOL!


I continued to short at 700 bro, went 10:1 leverage close to the 600 level... I have been calling the drop since over $1,000 but you idiots thought this could really hit gold price.
I own gold bro, this is not gold, these are numbers! No better than any other numbers on a computer screen. I'm making money and cashing the fuck out to paper I can buy things with. You guys can order your bullshit items with bitcoin and wait for those confirmations while I am counting this cold hard cash. 

The problem is, even if what you say is true, why did you not think it was BS at $700, or $800 etc, you happened to wait until the absolute peak at $1100 before selling out. It sounds suspiciously like BS!

 

Ok. Just interesting you had access to 2$ BTC and now after 17500% increase in value you call it crap.

Ok, maybe you can "invest" in some kind of activity related to Bitcoin.

You once were amusingly clueless, lately you've just been soundin' angry and bitter. 
Cheer up!  Your BTCeanie BTCabies Bitcoin investment might still pay off, stranger shit has happened.

^ Why does this not seem possible??? NOTHING ON THIS EARTH GOES UP THOUSANDS OF PRECENTS AND STAYS THEIR... Why the wait?! why the what?! WTF don't you get?!


UMMM If you think I am "investing" in bitcoin you are reallllllyyyyyyy mistaken... I am a smart investor in the real world not your digital bullshit!
I trade bitcoin & have made way more than I have in any market. The point is I would NEVER invest in it, I invest in REAL things, REAL companies. My ticker is coming out 2015 but for some reason the BTC ETF still hasn't cleared right??? Hmmm wonder why!

You lucky...

... rich....

... b-... wait... what?!

Trading is not investing but it's a bit different than gambling if you are a winning trader, maybe "smart gambling"

Heard of Walter Mitty? Plonker.

Millions of satoshis? LOL 

You just contradicted yourself. First you called yourself an investor, then you admitted to trading.

Trading isn't investing. It's gambling. Grow up.

I agree, if you look at the market cap for Bitcoin at 10,000$ it is "only" 130Billions, nothing unachievable if we get more users, less sellers and more money is coming to the market.

You have a small dick

^ NEVER!!! I had the chance to buy since $2... Im a smart investor who has already made millions off of trading. I know better than to just jump into a digital currency.
When it hit $1,100+ I knew it was a bullshit bubble because I have traded thru PLENTY of those in the past including the real estate bubble. I refuse to buy things expensive anymore now. After doing research I can see the price of bitcoin can easily reach double digits & big miners will still be able to sell at a profit. How about you do some research?

http://willyreport.wordpress.com/2014/05/25/the-willy-report-proof-of-massive-fraudulent-trading-activity-at-mt-gox-and-how-it-has-affected-the-price-of-bitcoin/

You know, i'm sure that if this happen you'll market buy over 1k. I know it. And you will not tell anybody, for fear of be ashamed.
And you'll buy at the top, AGAIN. Am i right? Here, take a trollipop: the first is on the house

^ So you are hoping gold bugs, that btw can buy "super cheap" gold these days, will some how be the ones to buy your coins from you at over $1,000+ per piece???
LOL!

Yes the point I was making is that bitcoin, like gold is rare, there is a set amount in existence, and a limited increase each year as a result of mining and gold is a focal point for wealth (see exter's pyramid), the USD certainly isnt, it can be printed by its issuer at will. Bitcoin has the potential to be a sort of digital gold, how long until the goldbug market want in? That lightbulb moment will click for more people over time and voila $1000 bitcoin in 2015.

Its true the trend cant exponentiate forever, but price is a function of adoption. As long as the network is growing and after this consolidation, there is a good deal of upside left I believe

I've locked down my tins of troll food, they eat facts and soil the place with facetious shit

That's just ignorant.  Just as happens to be the case with Bitcoin, the number of BTCeanie BTCabies is limited. Educate yourself:
-- http://en.wikipedia.org/wiki/Beanie_Babies

Further, the number of BTCeanies is smaller than the total of BTC, hence the substantially higher price:



Yeah, you missed that train, bro.  BTCeanie enthusiasts are already lounging on the moon, while you Johnny-come-lately Bitcoin imitators only dream about it.

Apologies for the delayed response.

Correct. I tried to find this funny picture that depicts your point somewhat.. it was number of wives vs time.

Day 1 = 0
Day 2  = 1
Future
Day 3 =

Some would say two. I say the trend is true until out isn't. Aka is not a real metric to watch as a predictor

This.  Even if we consider beanie babies as a legit form of currency they can be "printed" to infinity.  The argument they are both "rare" is like trying to say the USD is rare and will never go past X amount of USD in circulation.

If I told someone in the 20's a coffee would be worth $2 they would laugh in my face and say "never would that be possible I don't even earn that in a week".  Yet here we are...


Now a 1/100 oz of gold over the coarse of 100 years realtive to buying a coffee.. take a gander at that .

It seems that nothing's possible.........until it is... 

Please do not feed the trolls.

I prefer just seeing, "NotLambchop: This user is currently ignored."

 

Supply & demand = market.
I made the text red to help you with your readingz, and emboldened it in case you're color blind.
UR welcome.

Supply and demand dictate the price of an item, perhaps you should listen to your cat, it's meows would be more informative than your demented trolling

No.  The issuer does not define what the value is.  The market defines the value.
When you buy BTCeanie BTCabies, it is your friend--the other finance enthusiast that's selling them to you--who dictates how many dollars you will pay.

You're welcome.

Yes, it's like an IOU, IOU 1 dollar, what defines how much a dollar is? What is the unit of measure? Well believe it or not, the issuer of the IOU gets to define what that is...


It's as if, in homesteading times, your neighbour had a lean year, so you lent him a bigass wooden box of potatoes, maybe a couple of hundredweight to get through the winter, and he gave you an IOU, "IOU one box of potatoes".

However, you left the box in his custody, to be returned full at some unspecified time. Now maybe he got short of firewood, maybe he got crafty, but every so often, he trimmed that box down by an inch or so, and every time you saw it, you'd scratch your head, and think "I'm sure it was bigger than that". Leanish years followed for him, or perhaps he was "forgetful", but it turned out that one year you had to tighten your belt a bit, after a mishap with your cold store, and he seemed to be doing well, so you present the IOU "One box of potatoes" and he cheerfully passes you the stunted progeny of the original crate, full to the brim with it's maximum capacity of 3 potatoes.

No, frankly I never even considered it. See, the problem is that exponential growth does not continue in perpetuity in an open system. If you actually took mathematics courses instead of pretending to be a mathematician, you might realize that.

^
For your own sake, please stop posting this inane drivel.  My cat has better macroeconomics understanding than you.

China and Russia will let it fall, they just have to stop buying dollars. As to bitcoin, time will tell

No sir they have no problem burning up and destroying every resource they have and will burn down the rest of the world and their resources before their beloved dollar even comes close to failing.
Have you learned nothing from the bailouts & all the other redic economic policy that has and will keep happening?!
Bitcoin is the price it is because of 0's & 1's on a computer... Government's don't care enough to try and end BTC yet but even a third world country can surpress this price down to $1 right now with barely any effort. To think this won't happen in the future is just funny 

Where does the wealth come from in a Dollar? It is a debt. Do you realise the government will debase it until it goes to zero?

If I make a computer program that spits out 1's & 0's then you trade me your real cash for those computer numbers considering them a "store of wealth"
Then you convince a bunchhhhhhh of people to do the same & everyone starts storing it as a store of wealth.
Where the hell does the wealth come from???
Would you rather be the ones with the real cash? Or the "few" broke people that now have no money but have coins that are just numbers on a computer
DO NOT LET THE "LIMITED TIME SALE" BULLSHIT TACTIC FOOL YOU! Somone want's your money more than you do! POINT BLANK!!!

Looks like a few more trolls to put on ignore.

People do hold BTCeanie BTCabies as a store of wealth, educate yourself.  BTCeanie BTCabies and Bitcoin both exploit artificial scarcity as a marketing gimmick:
-- http://en.wikipedia.org/wiki/Beanie_Babies

True, the BTCeanie BTCubble has BTCurst long time ago, but then ...so did Bitcoin's

If people held beanie babies as a store of wealth, a 'focal point', more can be made to the point where the flow expands. There are a limited number of Bitcoin that will ever exist, they are clearly far more precious

No.  No more than it is the question to ask when trying to establish the "real intrinsic value" of a BTCeanie BTCaby.

The other aspect to consider is stock to flow, Bitcoin currently holds its value because it is pretty much held tightly. It has an extremely high stock to flow ratio. "Stock" means those who are sitting tight on their Bitcoin, letting it lie still for the future, and "flow" means those who are presently trading their Bitcoin. A limited amount of money can flow through the same Bitcoin many times, over and over, driving it higher and higher with each pass, as long as new Bitcoin is not coaxed out of hiding. And the interesting thing in this process is that it actually causes the opposite of the expected supply/demand reaction. With each pass-through of money more "flow Bitcoin" is moved into "stock Bitcoin", not the other way around like commodities and currency.

Hodlers gonna hodl
 

Im aiming for 2k but I hope you are right tho.

I can see this being somewhat true, but it would be tough.. Man wouldn't it be nice, by the time I graduate college, I could potentially retire at the same time  ...but screw that, I'd make my parents retire and take risk to do something with my life instead, hopefully make life better for everyone.

Bitcoin went from over $1100 to $345 in 2014, btc yearly 10x rise ended 1 year ago.

Meanwhile, 22 days before 2015 begins, BTC is worth 349 usd.

sounds like sound logic to me. excuse me while i continue to huff this canister of varnish.

Why not consider how much value there can be on Earth?

10 billion people stable global population
45 years of work productivity with 75 years life expectancy (monetary supply should hold a lifetime of value)
50.000 USD GDP per average futuristic civilized capita someday in the future using current money
100% global privatization
20M Bitcoin (some are lost, irrecoverable, Satoshi doesn't cash out everything at once, not 2138 AD yet, etc)
90% blockchain market share
____________________
1 012 500 000 USD

One billion dollars in 2014's paper money.

10.000 $ maybe in 2020-2022. there is a long road.

Fiscal policy of late seems to be aimed at bringing M4 out in the open, which is behind the curtain moneylike objects.... it's possible that bitcoin starts making a dent in that market ahead of M1,2,3 penetration.

About the real intrinsic value of 1 BTC, the question is:

How Much Money Is There on Earth?

considering the M3 aggregate, that includes physical money, paper bills, metal coins, checking accounts, savings accounts, institutional money market funds and long term deposits, the answer is $75 trillion, at today 2014. (source: http://gizmodo.com/5995301/how-much-money-is-there-on-earth)

We all know that the total number of bitcoin can never exceed 21,000,000.

So if we do de math, assuming (very) hypothetically that all the money of the world will be converted in BTC, we will have

75,000,000,000,000 /
            21,000,000 =
____________________
$ 3,571,428  for  BTC


1 BTC = 3,5 million dollar!!!!

We all know that 1 BTC = 100,000,000 base units, friendly called "satoshis". This means that 1 satoshi =  $ 0,0357

I know, this is a very asymptotic scenario that never come true, but if we assume that only 10% of the total money supply will be converted in Bitcoin, we should have realistically:

1BTC = $ 357,142

I know, these calculations are very simplistic and do not include all the many factors that exist in determining the value of the exchange rate between two currencies, but I think they make, simply, the idea of the value that bitcoin might have if his concept becomes widespread capillary and in a stable manner worldwide.

My 2 cent, 

thanks,

1JScDgJYfVVafFzgveUFnst61gBgFbdVtv

1000$ is possible because it has already happen!
so 1000$ must be a fact for 2015 

It's anyones ballgame, I think spreading you assest is always the way to go.

Bitcoin had the potential and it grew so fast until 2014, now we're in bear's market. It's not possible to increase like that anymore...

I think this is a bit of a stretch. Bitcoin is far from being able to replace fiat and probably never will.

When you have a price of  a million dollars for one bitcoin you will have exceeded the world GDP and even having a significant percentage of the world GDP is not realistic

and we can believe that it will have its effect after bitcoin reaches 1 million per btc

While you are correct that the price of bitcoin has risen by roughly 10x every year for the past several years, I do not think this is going to continue. The 'law of large numbers' will unfortunately prevent this rapid pace of price appreciation from continuing.

yes
i believe that bitcoin will rise above 10000$ at next block reward half

fixed

Don't you mean 2015?

It is  interesting to think that

bitcoins valued in cents was not possible in 2011.

bitcoins valued at 1$ was not possible in 2012

 bitcoins valued  at 10$ was not possible in 2013.

bitcoins valued at 100$ was not possible in 2014.

there could be mild variations...
forget about complex regressions arms predictions.

child logic is bitcoins valued at 1000$ will not be possible in 2015.

and 10000$ not possible in 2016....

this I believe it's what makes bears fear!k