Bitcoin hits $100
- Thread starter lcver
- Start date
the funny thing is by September when bitcoin is at 300+ you and others will still be here making the same predictions, albeit with a higher target.
No, because BTC will never become an actual currency, since it's backed by sweet shit all. I know you guys like to say government printed fiat money isn't backed by anything, but that's false. It's backed by the government of that country, which owns land, military, natural resources, communication and electric grids, transportation networks, import / export, etc. There's actually a backing for that currency.
Whereas Bitcoin is backed by a computer hash. I might as well go try to buy a new car tomorrow using a handful of coffee beans, as it's the same concept as BTC.
Interesting that everyone holding BTC is so optimistic while those that don't are certain of its imminent downfall.
How is that interesting? I don't know of anyone who would hold onto an investment that they feel is going to be worth exponentially less tomorrow than it is today.
And if you can find someone who'll accept coffee beans as a medium of exchange for a car, then happy days, it's the same concept.
The fact remains that if you hold Bitcoin, you can actually buy shit and people accept it and this will only increase in my opinion.
I deposited money into my Namecheap account using bitcoins. They accepted it and the balance appeared and I bought a domain with it. It blew my mind but it worked.
Not all of us are so optimistic. This is real life. These guy's that thinking this is going to be a 1 way trip to riches are delusional. I will continue to dabble in BTC until the .gov stops me. Do I think people shouldn't buy BTC? No, I would love to see it succeed. Do I think you should go crazy and invest money you cannot afford to instantly lose? No As with anything one speculates in, do not invest more than you can comfortably lose. Will the prices continue to shoot to the moon? Maybe but maybe not. Or maybe it does but you cant liquidate it.
My only point is to be realistic. Yes you maybe getting in on the ground floor. But remember, shit runs downhill. Stop with the pie in the sky shit. And prepare yourself for the idea of losing it all. If you're comfortable with that idea, than go nuts and load up. Who knows you may get rich. If not you may want to reevaluate what your doing. And anyone that doesn't think this can happen is ignorant and should be ignored.
Sideways movement is strong evidence of a non-bubble. Lots of pressure moving it both up and down right now, and because of the security breach at StrongCoin, it's no wonder how it got moving to the red.
Again, I see this as good news. As long as we don't lose 25% or so, I'm sticking to my $1,000 BTC this year prediction.
Balls. You haz them.
You doing any trading, or just holding onto it?
I said you couldn't Guarantee a "significant loss" from the price of BTC back on April 1st. We still haven't even gotten down to April 1's level now, have we?
Face it; this is sideways movement... I'm pretty happy with it for now.
Only for the morons who use bitcoin. If you follow best practices you're safe.
Whew, I looked at strongcoin; almost went with them for my main client... But even if I did I keep my coins cold so this couldn't have affected me.
(Cold = On a computer that stays turned off.)
Man, I was dancing like the dude when bitcoins hit $10... This has been a great fucking year so far, amirite?Me after I seen bitcoins high today;
Trust, which is more than any major national currency is today.
Are you seriously pining for centuries ago when money was backed up by commodities?
Try using those on the internet and see what happens. (Oh wait, eGold did.)
You are extremely unstudied in what a bitcoin is. I know your heart is in the right place but man, this post nearly made me rage...
First of all, there are no encryption owners in any way. All code that touches bitcoin is open source and all of these people have contributed to it... But they all know what each other did, and if you can read code you will too.
Secondly, I don't think you can call anyone a bitcoin broker either; it would be disingenuous. You've just got Miners, Holders, and Merchants. Perhaps fund managers, but that's it.
As for banks, I can see normal banks (like Silicon Valley Bank) holding bitcoins, but there of course wouldn't be any bank FOR bitcoins because your wallet is all the bank you need to store them. (Without fees and theft and other ugly things that banks do.)
There just isn't anyone like this, bitcoin is too decentralized, much like Bittorrent is.
Bitcoin will remain the people's money and before long, billionaires won't be able to afford to buy it all up.
You're missing the bigger picture here bro.
Once the bitcoin economy eclipses the USD economy, Who will need the USG anymore? -They'll just be the evil strormtroopers at that point running around and trying to stop everyone from using bitcoins, but aren't very effective anymore.
Guerilla will call me an Ideological fruitcake for saying this, but it's true. The government holds it's power by controlling the economy through force... But if we replace the economy itself, then there is nothing for the government to control us with except for the guns themselves... They'll be reduced to the 1984 version of government, with no more ability to keep up appearances like they do today.
This is why I'm so gung-ho for bitcoin in the first place... I'm a libertarian first, speculator/miner second.
Then bitcoin will never be for you. Only Sheeple need those things, and bitcoin is the sheeple slayer.
I know some traders here on WF who talk like this already.
Libertarians = love it.
Gov slaves = hate it.
...But it has the power to wake up the government slaves like nothing before it ever had.
Not bad, Berwick! -He needs to learn to smile though, perhaps say more than one-word greetings.
With all this press he's been getting since the announcement of the BitcoinATM, I have no doubt whatsoever that he'll deliver. The only
question will become; will franchisees appear? Such an investment is not without risk.
Which crash? The Euro? Yen? USD?
We're talking about bitcoin on this thread... Try to stay relevant.
Awesome. Let's make a bet then.
I will send you $15 worth of Bitcoin today. I've mined more than that today already. All you have to do is swear to everyone here that you will send me One measly bitcoin in September.
Sound like fun? You've got nothing at all to lose and money to gain if you're anywhere near right.
Of course if I'm right, It could cost you quite a few Baht to get your hands on a Bitcoin then.
You guys do know that all cryptocurrency miners have to choose to either mine litecoins or bitcoins, not both, with their processing power, right? That means to mine litecoins, they have to take security away from the bitcoin network... Something that they have a moral dilemma doing. (If not a financial dilemma.)
I don't think litecoins can go over 10% to 15% of bitcoin's value, ever, but I may be surprised. We'll see.
What's all that 1 & 2 crap on the phone about? When I did this I just filled out a short form, gave them my money, drove home (about 5 minutes) and the credit was waiting for me in Mt.Gox already.
Digital tulips.
Even if BTC does stay around long term this sure does seem like a speculative bubble.
Even if BTC does stay around long term this sure does seem like a speculative bubble.
BTC has been insane the past 2-3 days.
We decided we'd start taking 'investors' on, building custom mining systems. In 24hrs we had multiple investors wire us money without contracts just to get systems started.
I'm sure it's a bubble........but darn this is fun.
We decided we'd start taking 'investors' on, building custom mining systems. In 24hrs we had multiple investors wire us money without contracts just to get systems started.
I'm sure it's a bubble........but darn this is fun.
Just bought my first BTC literally 7 hours ago. I'm not optimistic at all. I just want to be a part of something revolutionary, honestly.
It could all come crashing down tomorrow. Or, it could be a speculators wet-dream and skyrocket past $1500/BTC.
But who knows? I'm just in it for the shits and giggles.
future bitcoin chart
Just wait until silicon valley embraces bitcoin like they have the personal computer, dotcoms, web 2.0..they are trendsetters and soon it will spread like wildfire. Wall st. will take notice and make bitcoin investment instruments for average people, such a bitcoin ETF. Brokers will buy & sell bitcoins much like stocks.
Bitcoin ATMs in the USA
Bitcoin accepted at starbucks
Bitcoin used for facebook, twitter, payments
Just wait until silicon valley embraces bitcoin like they have the personal computer, dotcoms, web 2.0..they are trendsetters and soon it will spread like wildfire. Wall st. will take notice and make bitcoin investment instruments for average people, such a bitcoin ETF. Brokers will buy & sell bitcoins much like stocks.
Bitcoin ATMs in the USA
Bitcoin accepted at starbucks
Bitcoin used for facebook, twitter, payments
Just wait until silicon valley embraces bitcoin like they have the personal computer, dotcoms, web 2.0..they are trendsetters and soon it will spread like wildfire. Wall st. will take notice and make bitcoin investment instruments for average people, such a bitcoin ETF. Brokers will buy & sell bitcoins much like stocks.
Bitcoin ATMs in the USA
Bitcoin accepted at starbucks
Bitcoin used for facebook, twitter, payments
Meanwhile mtgox is down
(O_o)
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Just wait until silicon valley embraces bitcoin like they have the personal computer, dotcoms, web 2.0..they are trendsetters and soon it will spread like wildfire. Wall st. will take notice and make bitcoin investment instruments for average people, such a bitcoin ETF. Brokers will buy & sell bitcoins much like stocks.
Bitcoin ATMs in the USA
Bitcoin accepted at starbucks
Bitcoin used for facebook, twitter, payments
