Old info. BTC alone is about 196b now. ~350b total
...Frankly I am scared, its going full vertical. But adoption is increasing more than ever so really not sure what to think
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15629. (Read 26609814 times)
December 03, 2017, 07:26:53 AM
Old info. BTC alone is about 196b now. ~350b total
...Frankly I am scared, its going full vertical. But adoption is increasing more than ever so really not sure what to think
December 03, 2017, 07:26:49 AM
Quote
1) Seems a bit of a difficult to prove assertion regarding either who is the "harder bull" or agreeing to "harder bull" standards.
I think it’s a fair enough comment. I don’t have the mental pressure of a stack the size of many others.
December 03, 2017, 07:23:49 AM
Old info. BTC alone is about 196b now. ~350b total
December 03, 2017, 07:15:54 AM
I’m a harder bull than many in this thread. I have a 5 year price forecast of US$150 - 500k. The reason is because I believe that Bitcoin has been mischaracterised as an asset when it is really a financial instrument. In the period 2000 - 2007 the global value of CDOs rose from $69 billion to $1.7 trillion. Bitcoin could easily do the same except it is starting from a higher base and has the potential for much greater capital inflows and higher market cap because it is also traded by retail investors. So I put the market cap at $2 trillion to $5 trillion after 5 years. This is without any disruption of the existing market system - ie the value of the US dollar remains much the same. I have assumed for these purposes that the number of generated, non-lost, non-dust Bitcoins is somewhere less than 12 million.
I come off as a bear sometimes as I am a big fan of Nicholas Taleb in the book The Black Swan. Looking for black swans is a bit of a hobby.
In any event, come what may, I enjoy the company of everyone on this thread as we share this historic journey.
I come off as a bear sometimes as I am a big fan of Nicholas Taleb in the book The Black Swan. Looking for black swans is a bit of a hobby.
In any event, come what may, I enjoy the company of everyone on this thread as we share this historic journey.
Besides your interesting viewpoint, making the highest future price prediction is not what qualifies you as 'a harder bull than many'. Especially during an incredible bull market. Holding on to and accumulating bitcoins, whether it goes up or down (for years), does. Most bulls eventually break and reduce the risk, especially if you have a serious stash.
In short, personally, I'm planning to liquidate half of my BTC stash at the time when the fiat value I will get is enough to allow me to quit my job and pursue an independent career in my field. The other half I will keep, in the hope that BTC will eventually become something much bigger than it already is.
Reminds me of this post ($1200) by former reddit moderator (?) jratcliff63367. And Elwar ($4500). We almost all have our fiat breaking point even on a Bitcoin forum, and I already hate my future self for it. It gets tempting when reducing your holdings by 50% still sets you for life.
To add to the bullish sentiments but as well for the bigger picture, I can recommend reading this article by Miguel Cuneta (Co-founder at Satoshi Citadel Industries (sci.ph): https://decentralize.today/dont-fall-for-the-hype-why-bitcoin-s-10-000-price-doesn-t-reflect-its-true-value-6b42a59fce0a
1) Seems a bit of a difficult to prove assertion regarding either who is the "harder bull" or agreeing to "harder bull" standards.
2) Some guys will follow through with their plan to cash out 50% or some portion that they believe to be reasonable, and surely, I personally have some issues with any concept to go from 0% to 50% for example, even though I don't have major issues with the concept of pre-establishing threshold points - and better to have some balance that is quite less than taking some kind of 100% stance.. even though I would be able to relate to a bit more of a modest approach that maybe does 10% at a time rather than going straight to 50%... But whatever, different strokes for different folks, as some may recognize.
December 03, 2017, 07:12:09 AM
December 03, 2017, 07:04:20 AM
I’m a harder bull than many in this thread. I have a 5 year price forecast of US$150 - 500k. The reason is because I believe that Bitcoin has been mischaracterised as an asset when it is really a financial instrument. In the period 2000 - 2007 the global value of CDOs rose from $69 billion to $1.7 trillion. Bitcoin could easily do the same except it is starting from a higher base and has the potential for much greater capital inflows and higher market cap because it is also traded by retail investors. So I put the market cap at $2 trillion to $5 trillion after 5 years. This is without any disruption of the existing market system - ie the value of the US dollar remains much the same. I have assumed for these purposes that the number of generated, non-lost, non-dust Bitcoins is somewhere less than 12 million.
I come off as a bear sometimes as I am a big fan of Nicholas Taleb in the book The Black Swan. Looking for black swans is a bit of a hobby.
In any event, come what may, I enjoy the company of everyone on this thread as we share this historic journey.
I come off as a bear sometimes as I am a big fan of Nicholas Taleb in the book The Black Swan. Looking for black swans is a bit of a hobby.
In any event, come what may, I enjoy the company of everyone on this thread as we share this historic journey.
Besides your interesting viewpoint, making the highest future price prediction is not what qualifies you as 'a harder bull than many'. Especially during an incredible bull market. Holding on to and accumulating bitcoins, whether it goes up or down (for years), does. Most bulls eventually break and reduce the risk, especially if you have a serious stash.
In short, personally, I'm planning to liquidate half of my BTC stash at the time when the fiat value I will get is enough to allow me to quit my job and pursue an independent career in my field. The other half I will keep, in the hope that BTC will eventually become something much bigger than it already is.
Reminds me of this post ($1200) by former reddit moderator (?) jratcliff63367. And Elwar ($4500). We almost all have our fiat breaking point even on a Bitcoin forum, and I already hate my future self for it. It gets tempting when reducing your holdings by 50% still sets you for life.
To add to the bullish sentiments but as well for the bigger picture, I can recommend reading this article by Miguel Cuneta (Co-founder at Satoshi Citadel Industries (sci.ph): https://decentralize.today/dont-fall-for-the-hype-why-bitcoin-s-10-000-price-doesn-t-reflect-its-true-value-6b42a59fce0a
December 03, 2017, 07:01:41 AM
This is clearly as high as bitcoin will ever get, basically. Maybe just a little bit higher because there are people who haven't realized this is a failed experiment, but that's it. 1 bitcoin will absolutely never be worth $50k. $100k? LOL, no.
What'd I tell you guys? That was the last ATH bitcoin will ever see. People are finally waking up to how much of a failure this project is. Here, if bitcoin gets over GDAX ATH of $11,485, I'll give the the first person to quote me here the last of my bitcoin, which is 0.1 BTC.
Thanks proudhon - you can send the btc to the address in my sig.
Haha nice one
Except there are no sigs in this thread. Still though i guess he can get it from your profile. Either Way we will probably never see him here again
Now THAT would be unlikely.
December 03, 2017, 07:01:35 AM
This is clearly as high as bitcoin will ever get, basically. Maybe just a little bit higher because there are people who haven't realized this is a failed experiment, but that's it. 1 bitcoin will absolutely never be worth $50k. $100k? LOL, no.
What'd I tell you guys? That was the last ATH bitcoin will ever see. People are finally waking up to how much of a failure this project is. Here, if bitcoin gets over GDAX ATH of $11,485, I'll give the the first person to quote me here the last of my bitcoin, which is 0.1 BTC.
Thanks proudhon - you can send the btc to the address in my sig.
Haha nice one
Except there are no sigs in this thread. Still though i guess he can get it from your profile. Either Way we will probably never see him here again
For the record the address currently in my sig is 19F6veduCZcudwXuWoVosjmzziQz4EhBPS
December 03, 2017, 06:59:35 AM
December 03, 2017, 06:59:16 AM
This is clearly as high as bitcoin will ever get, basically. Maybe just a little bit higher because there are people who haven't realized this is a failed experiment, but that's it. 1 bitcoin will absolutely never be worth $50k. $100k? LOL, no.
What'd I tell you guys? That was the last ATH bitcoin will ever see. People are finally waking up to how much of a failure this project is. Here, if bitcoin gets over GDAX ATH of $11,485, I'll give the the first person to quote me here the last of my bitcoin, which is 0.1 BTC.
Thanks proudhon - you can send the btc to the address in my sig.
Haha nice one
Except there are no sigs in this thread. Still though i guess he can get it from your profile. Either Way we will probably never see him here again
December 03, 2017, 06:57:23 AM
[edit]
Solved.
Solved.
December 03, 2017, 06:49:54 AM
This is clearly as high as bitcoin will ever get, basically. Maybe just a little bit higher because there are people who haven't realized this is a failed experiment, but that's it. 1 bitcoin will absolutely never be worth $50k. $100k? LOL, no.
What'd I tell you guys? That was the last ATH bitcoin will ever see. People are finally waking up to how much of a failure this project is. Here, if bitcoin gets over GDAX ATH of $11,485, I'll give the the first person to quote me here the last of my bitcoin, which is 0.1 BTC.
Thanks proudhon - you can send the btc to the address in my sig.
Haha nice one
December 03, 2017, 06:49:22 AM
Its moving via teleportation now.
Damn. You know, you try to keep up with technology...
That is why bitcoin is simply
A
M
A
Z
I
N
G
!!
!!
!!
!!
December 03, 2017, 06:48:30 AM
$70000 here we come
December 03, 2017, 06:48:08 AM
This is clearly as high as bitcoin will ever get, basically. Maybe just a little bit higher because there are people who haven't realized this is a failed experiment, but that's it. 1 bitcoin will absolutely never be worth $50k. $100k? LOL, no.
What'd I tell you guys? That was the last ATH bitcoin will ever see. People are finally waking up to how much of a failure this project is. Here, if bitcoin gets over GDAX ATH of $11,485, I'll give the the first person to quote me here the last of my bitcoin, which is 0.1 BTC.
Thanks proudhon - you can send the btc to the address in my sig.
December 03, 2017, 06:47:15 AM
Is anyone still bored?
December 03, 2017, 06:46:51 AM
So has anyone here actually treated themselves to anything after passing an arbitrary milestone?
http://50years-u87.neumann.com/ - Fucking Rhodium Plated !!!
https://www.sweetwater.com/store/detail/VT737SP
a vocalist he fancies himself
December 03, 2017, 06:46:43 AM
Bitcoin is boring me to death right now 
what about now December 03, 2017, 06:46:31 AM
To me, we are coiling up for another big move upwards. The pressure is building.
Bitstamp now has $140 million on the buy side with only 2100 BTC on the sell side.
Bitstamp now has $140 million on the buy side with only 2100 BTC on the sell side.
10 points to Gryffindor.
Bitcoin : - where dwell the brave at heart!
December 03, 2017, 06:45:53 AM
I’m a harder bull than many in this thread. I have a 5 year price forecast of US$150 - 500k.
I assume you see Bitcoin as a store of value rather than a transaction currency. The higher the price surges in the face of the fees discussion, the more I tend to agree with you (and the more the argument of BCash proponents vanishes). Perhaps Bitcoin is not mostly about 'near zero fees' transactions but about decentralisation. If that is true, your prospects aren't that outlandish. And indeed, you are not contemplating extreme scenarios yet.
For some more musings on cryptocurrencies but mainly fiat currency and the prospects for the dollar, see: https://www.goldmoney.com/research/goldmoney-insights/monetary-update-for-the-dollar?gmrefcode=gata
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