Topic: Wall Observer BTC/USD - Bitcoin price movement tracking &amp; discussion - page 21479. (Read 26709760 times)

I'm pretty sure the price will rise, and I'm not looking for 6 months, 1 year, or 5 years, my target is a decade from now.

But I always like to add reasons for my arsenal.

Bitcoin can't be considered yet to be a safe heaven, even bitcoin enthusiast can't consider it a safe heaven.

Plus, Greek people are not advanced in the modern IT to know about Bitcoin yet.

Nonsense

Greece doesn't have a strong ultra-liberal movement like the US, nor does it have to bypass the government like in Argentina; yet. Nor is it starved of investment and speculation opportunities like China. There's just no reason for Greece to have a particular interest in Bitcoin, yet. In fact, Argentina is proof that people will acquire the skills if they need them. Plenty of "advanced" countries have less knowledge and less interest in Bitcoin than medium-income Argentina.

A decade from now? That's quite a long period of time and you might not even live to see that day. There's actually a treadmill test that tries to predict this.
Well what would you consider safe heaven now?
I could also argue his last part. Nobody needs to be "advanced" in modern IT to use/know about Bitcoin. It is relatively simple. As far as I know there aren't any laws in Greece that affect Bitcoin yet.
Wouldn't this be a great time for them to buy?

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Quote from: Fatman3001 on June 21, 2015, 11:39:30 AM

Why should I believe that bro ? Although I want that for sure.

I might ask you a similar question. Why do you believe that the price won't rise?
I've seen and heard different opinions on my situations especially Grexit. Some are saying that it will have a minor impact on Bitcoin or none, while others are saying the exact opposite. Wouldn't their best bet be Bitcoin and/or gold in case that Grexit actually happens?

I'm pretty sure the price will rise, and I'm not looking for 6 months, 1 year, or 5 years, my target is a decade from now.

But I always like to add reasons for my arsenal.

Bitcoin can't be considered yet to be a safe heaven, even bitcoin enthusiast can't consider it a safe heaven.

Plus, Greek people are not advanced in the modern IT to know about Bitcoin yet.

Via OTC like local bitcoins, in the US it's the poorest demographics like African Americans and Latinos that are the strongest buyers of Bitcoin. Lots of them are unbanked or unbankable for whatever reason. This is for usage, not for investment purposes.

The non-minorities are the sellers.

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Strange, yet attractive.

Why should I believe that bro ? Although I want that for sure.

I might ask you a similar question. Why do you believe that the price won't rise?
I've seen and heard different opinions on my situations especially Grexit. Some are saying that it will have a minor impact on Bitcoin or none, while others are saying the exact opposite. Wouldn't their best bet be Bitcoin and/or gold in case that Grexit actually happens?

I'm pretty sure the price will rise, and I'm not looking for 6 months, 1 year, or 5 years, my target is a decade from now.

But I always like to add reasons for my arsenal.

Bitcoin can't be considered yet to be a safe heaven, even bitcoin enthusiast can't consider it a safe heaven.

Plus, Greek people are not advanced in the modern IT to know about Bitcoin yet.

Nonsense

Greece doesn't have a strong ultra-liberal movement like the US, nor does it have to bypass the government like in Argentina; yet. Nor is it starved of investment and speculation opportunities like China. There's just no reason for Greece to have a particular interest in Bitcoin, yet. In fact, Argentina is proof that people will acquire the skills if they need them. Plenty of "advanced" countries have less knowledge and less interest in Bitcoin than medium-income Argentina.

We will all know by this time tomorrow... in the meantime (today in Athens):

LFC_Bitcoin

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Quote from: Suntouri on June 21, 2015, 08:49:22 AM

Why should I believe that bro ? Although I want that for sure.

I might ask you a similar question. Why do you believe that the price won't rise?
I've seen and heard different opinions on my situations especially Grexit. Some are saying that it will have a minor impact on Bitcoin or none, while others are saying the exact opposite. Wouldn't their best bet be Bitcoin and/or gold in case that Grexit actually happens?

I'm pretty sure the price will rise, and I'm not looking for 6 months, 1 year, or 5 years, my target is a decade from now.

But I always like to add reasons for my arsenal.

Bitcoin can't be considered yet to be a safe heaven, even bitcoin enthusiast can't consider it a safe heaven.

Plus, Greek people are not advanced in the modern IT to know about Bitcoin yet.

Same here, I am invested in BTC for the long term but I'm not going to lie, it is a bit demoralising seeing the price go back down again to 242. I'm hoping we don't go into the 230's again. Why do these manipulators seem so determined to keep the price low? Surely anybody with a huge amount of BTC would want the price to soar. I'll never understand it. It just seems so counter productive, sure you might get 20 dollar profits on each BTC but wouldn't it be far more sensible to buy BTC, limit supply & naturally the price will then rise.

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Quote from: blackwhale90 on June 21, 2015, 08:21:34 AM

Quote from: Shunak on June 21, 2015, 08:11:23 AM

Bulls are winning:

Quote

Question:   price in 2 weeks
>300   - 101 (45.7%)
280   - 25 (11.3%)
260   - 23 (10.4%)
240   - 18 (8.1%)
220   - 23 (10.4%)
<200   - 31 (14%)

lol seems like we haven't yet passed despair stage if there are so many bulls

Is it your first message??
Welcome to cryptoworld Grin

No, it's more like their ten thousandth comment under their newest sock puppet of about a hundred. You don't pop in here as a noob and talk about despair and shit, much less start out in speculation.

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Quote from: billyjoeallen on June 21, 2015, 10:49:53 AM

Quote from: cyclotronmajesty on June 20, 2015, 08:46:58 PM

Well I invested 1500$ in Bitcoin since last March or so. Now i'm nearing 1000$. I've not made a penny.
I think i'm ready to quit trading. I'll never get that money back. I dunno how one could loose so much so fast, even if one is totally inexperienced, it seems one would make money at least 50% of the time. But i've made money something like 2% of the time. I just don't have the patience for this.

Use a cold wallet and forget your BTC, in a few years you will read that 1btc=20k$ and you could sell it

Or your coins might end up in the wrong chain of a Bitcoin's hard fork and worth next to 0 in the future.

Put in cold storage is OK, but forget and take for granted they'll be worth a fortune in the future in my opinion is a mistake

Do you not know how a hard fork works? As long as the coins were acquired in a block before the fork, they are safe. Then you just wait to see which fork become the main chain and you're good to go. A forked chain is inherently unstable and one of the forks quickly dies, leaving one chain. It's an inconvenience more than a problem. Worst case scenario: in the extremely unlikely case that neither fork dies and the value starts to plummet, (double)spend the coins in both forks!

This is a good point. Neither miners nor exchanges wants a forking war! (hehe...forking)
They will do what they can to avoid a fork becoming an issue or collectively throw their weight on the likeliest candidate. If a fork happens it should be over in hours, if not minutes.

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Quote from: Fatman3001 on June 21, 2015, 11:39:30 AM

Why should I believe that bro ? Although I want that for sure.

I might ask you a similar question. Why do you believe that the price won't rise?
I've seen and heard different opinions on my situations especially Grexit. Some are saying that it will have a minor impact on Bitcoin or none, while others are saying the exact opposite. Wouldn't their best bet be Bitcoin and/or gold in case that Grexit actually happens?

I'm pretty sure the price will rise, and I'm not looking for 6 months, 1 year, or 5 years, my target is a decade from now.

But I always like to add reasons for my arsenal.

Bitcoin can't be considered yet to be a safe heaven, even bitcoin enthusiast can't consider it a safe heaven.

Plus, Greek people are not advanced in the modern IT to know about Bitcoin yet.

Nonsense

Greece doesn't have a strong ultra-liberal movement like the US, nor does it have to bypass the government like in Argentina; yet. Nor is it starved of investment and speculation opportunities like China. There's just no reason for Greece to have a particular interest in Bitcoin, yet. In fact, Argentina is proof that people will acquire the skills if they need them. Plenty of "advanced" countries have less knowledge and less interest in Bitcoin than medium-income Argentina.

Could you please respond to my PM Grin

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So many people don't understand what a fork is but there is a reason its called that. Picture a actual fork. The handle exists no matter what. If you buy any coins after the fork you just have to make sure its from an exchange or somebody using the right path.

Fatman3001

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Why should I believe that bro ? Although I want that for sure.

I might ask you a similar question. Why do you believe that the price won't rise?
I've seen and heard different opinions on my situations especially Grexit. Some are saying that it will have a minor impact on Bitcoin or none, while others are saying the exact opposite. Wouldn't their best bet be Bitcoin and/or gold in case that Grexit actually happens?

I'm pretty sure the price will rise, and I'm not looking for 6 months, 1 year, or 5 years, my target is a decade from now.

But I always like to add reasons for my arsenal.

Bitcoin can't be considered yet to be a safe heaven, even bitcoin enthusiast can't consider it a safe heaven.

Plus, Greek people are not advanced in the modern IT to know about Bitcoin yet.

Nonsense

Greece doesn't have a strong ultra-liberal movement like the US, nor does it have to bypass the government like in Argentina; yet. Nor is it starved of investment and speculation opportunities like China. There's just no reason for Greece to have a particular interest in Bitcoin, yet. In fact, Argentina is proof that people will acquire the skills if they need them. Plenty of "advanced" countries have less knowledge and less interest in Bitcoin than medium-income Argentina.

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Why should I believe that bro ? Although I want that for sure.

I might ask you a similar question. Why do you believe that the price won't rise?
I've seen and heard different opinions on my situations especially Grexit. Some are saying that it will have a minor impact on Bitcoin or none, while others are saying the exact opposite. Wouldn't their best bet be Bitcoin and/or gold in case that Grexit actually happens?

The euro itself is not at risk for now. That is an argument against movement i bitcoin. A greek should take his savings out of the bank, but euro notes or deposit in a foreign bank should be relatively ok.

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Why should I believe that bro ? Although I want that for sure.

I might ask you a similar question. Why do you believe that the price won't rise?
I've seen and heard different opinions on my situations especially Grexit. Some are saying that it will have a minor impact on Bitcoin or none, while others are saying the exact opposite. Wouldn't their best bet be Bitcoin and/or gold in case that Grexit actually happens?

I'm pretty sure the price will rise, and I'm not looking for 6 months, 1 year, or 5 years, my target is a decade from now.

But I always like to add reasons for my arsenal.

Bitcoin can't be considered yet to be a safe heaven, even bitcoin enthusiast can't consider it a safe heaven.

Plus, Greek people are not advanced in the modern IT to know about Bitcoin yet.

coinableS

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Quote from: cyclotronmajesty on June 20, 2015, 08:46:58 PM

Well I invested 1500$ in Bitcoin since last March or so. Now i'm nearing 1000$. I've not made a penny.
I think i'm ready to quit trading. I'll never get that money back. I dunno how one could loose so much so fast, even if one is totally inexperienced, it seems one would make money at least 50% of the time. But i've made money something like 2% of the time. I just don't have the patience for this.

Use a cold wallet and forget your BTC, in a few years you will read that 1btc=20k$ and you could sell it

Or your coins might end up in the wrong chain of a Bitcoin's hard fork and worth next to 0 in the future.

Put in cold storage is OK, but forget and take for granted they'll be worth a fortune in the future in my opinion is a mistake

That's not true. Any coins placed into an address today will be present no matter which fork ends up being the main chain. The fork(s) will use the existing blockchain to know who owns which coins. For someones cold storage coins to "disappear" from a fork the fork would have to delete the existing blockchain and start all over with a new one, which no one would agree to.

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Quote from: cyclotronmajesty on June 20, 2015, 08:46:58 PM

Well I invested 1500$ in Bitcoin since last March or so. Now i'm nearing 1000$. I've not made a penny.
I think i'm ready to quit trading. I'll never get that money back. I dunno how one could loose so much so fast, even if one is totally inexperienced, it seems one would make money at least 50% of the time. But i've made money something like 2% of the time. I just don't have the patience for this.

Use a cold wallet and forget your BTC, in a few years you will read that 1btc=20k$ and you could sell it

Or your coins might end up in the wrong chain of a Bitcoin's hard fork and worth next to 0 in the future.

Put in cold storage is OK, but forget and take for granted they'll be worth a fortune in the future in my opinion is a mistake

Do you not know how a hard fork works? As long as the coins were acquired in a block before the fork, they are safe. Then you just wait to see which fork become the main chain and you're good to go. A forked chain is inherently unstable and one of the forks quickly dies, leaving one chain. It's an inconvenience more than a problem. Worst case scenario: in the extremely unlikely case that neither fork dies and the value starts to plummet, (double)spend the coins in both forks!

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Quote from: hmmkay on June 21, 2015, 10:03:06 AM

Why should I believe that bro ? Although I want that for sure.

I might ask you a similar question. Why do you believe that the price won't rise?
I've seen and heard different opinions on my situations especially Grexit. Some are saying that it will have a minor impact on Bitcoin or none, while others are saying the exact opposite. Wouldn't their best bet be Bitcoin and/or gold in case that Grexit actually happens?

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Quote from: cyclotronmajesty on June 20, 2015, 08:46:58 PM

Well I invested 1500$ in Bitcoin since last March or so. Now i'm nearing 1000$. I've not made a penny.
I think i'm ready to quit trading. I'll never get that money back. I dunno how one could loose so much so fast, even if one is totally inexperienced, it seems one would make money at least 50% of the time. But i've made money something like 2% of the time. I just don't have the patience for this.

Use a cold wallet and forget your BTC, in a few years you will read that 1btc=20k$ and you could sell it

Or your coins might end up in the wrong chain of a Bitcoin's hard fork and worth next to 0 in the future.

Put in cold storage is OK, but forget and take for granted they'll be worth a fortune in the future in my opinion is a mistake

Correct me if I'm wrong. But in case of a hard fork, you're coins exist on BOTH chains.

You're right. He's a troll.

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Quote from: cyclotronmajesty on June 20, 2015, 08:46:58 PM

Well I invested 1500$ in Bitcoin since last March or so. Now i'm nearing 1000$. I've not made a penny.
I think i'm ready to quit trading. I'll never get that money back. I dunno how one could loose so much so fast, even if one is totally inexperienced, it seems one would make money at least 50% of the time. But i've made money something like 2% of the time. I just don't have the patience for this.

Use a cold wallet and forget your BTC, in a few years you will read that 1btc=20k$ and you could sell it

Or your coins might end up in the wrong chain of a Bitcoin's hard fork and worth next to 0 in the future.

Put in cold storage is OK, but forget and take for granted they'll be worth a fortune in the future in my opinion is a mistake

Correct me if I'm wrong. But in case of a hard fork, you're coins exist on BOTH chains.

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