Read The Forum Rules: We have a clear set of rules to keep the forum running smoothly. Click here to review them.

Post Reply 
The Bitcoin (BTC) thread
Author Message
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,221
Joined: Aug 2013
Reputation: 80
Post: #4551
RE: The Bitcoin thread
(06-12-2017 05:23 PM)JayJuanGee Wrote:  Difficult to make a prediction, when we are only hours into a seemingly first leg of a dump.

Frequently, dumps come in twos or threes - however, I continue to have a bullish sense about this whole matter and that we are on the precipice of breaking above $3k - even though such journey has been delayed another time. Hahahaha.

Some folks might call the situation as a double or a triple top or some kind of multiplied and failed test to break through $3k, and I don't think that we are quite at the point to conclude that, yet.

So currently, we are floating in the mid-$2600s, approximately in the 10-15% (~12% average) correction territory... and maybe our current reasonable range is between $2,500 and $2,750... too early to call? I am not sure.

Anyhow, maybe at this time, I would put the odds a bit greater to break down before up.. and I am a bit uncomfortable to attempt anything beyond that without seeing how the next 6 to 18 hours play out.


This is a follow-up to my earlier post.

Still could be too early to call, but seems to be breaking upwards...

Maybe I got the price range wrong?

Like I mentioned in my above post, I was thinking that the BTC price range was going to be in the about $2,500 to $2,750 territory, and that we were more likely to break downward from that range rather than upwards in the short term, but all in all this correction would be a quickie because we are returning to surpass $3k and to go into the $4k to $6k range...

Now, we are trickling upwards, beyond my initial assessment of the price range and it seems that we are breaking upwards out of the range rather than down, so maybe we can call the range $2500 to $2800 - seems too broad, but possible?..

Surely, we couldn't be out of the correction stages so quickly, yet... but this current upwards price pressure is feeling kind of bullish for me... a bit more bullish than I had expected.
06-13-2017 04:05 AM
Find all posts by this user Like Post Quote this message in a reply
Isaac Jordan Online
Kingfisher
***
Gold Member

Posts: 800
Joined: Oct 2012
Reputation: 95
Post: #4552
RE: The Bitcoin thread
Just wanted to drop this link to my new data sheet on tax implications for crypto trading in the U.S. Hope y'all find it useful!
06-13-2017 07:31 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes Isaac Jordan's post:
Seth_Rose
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,221
Joined: Aug 2013
Reputation: 80
Post: #4553
RE: The Bitcoin thread
There are so many confusing discussion out there about conflicting proposals and various scenarios that can play out in regards to UASF and segwit2x and even the bitmain hardfork.

This thread attempts to clarify possible compatibility between UASF and segwit2x - and to suggest that a hardfork would be down the road, and possibly not even triggered..

Who knows? Spinned optimism or what?

https://www.reddit.com/r/Bitcoin/comment...8/dixr59j/
06-15-2017 04:20 PM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,221
Joined: Aug 2013
Reputation: 80
Post: #4554
RE: The Bitcoin thread
There's gotta be some "holy fuck" about the BTC trade volume of the past 4 days, and with all of that dump, so far, the BTC price got only a bit more than 25% of a correction from top to bottom $2980 to $2135, approximately?

Sure, the dump might NOT be finished yet, but I am kind of getting the sense that the bears might be running out of coins to dump....

So? At least the second leg of a dump seems to be finished, and whether there is going to be a third dump leg is still to be determined.. 50/50?

The next ~48 hours are critical.
06-15-2017 04:42 PM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,221
Joined: Aug 2013
Reputation: 80
Post: #4555
RE: The Bitcoin thread
The below linked video is a bit less than 10 minutes, and really is just asserting that banks and governments are trying to shake people out of crypto, and it remains a good strategy to stay the course, and if you cannot take the "shaking" then this may not be the right market for you.

Good points.. and pleasant of enough to listen to.

https://www.youtube.com/watch?v=QM7d1orIEvo
06-15-2017 06:01 PM
Find all posts by this user Like Post Quote this message in a reply
Satoshi Offline
Banned

Posts: 885
Joined: Nov 2013
Post: #4556
RE: The Bitcoin thread
[Image: YVm8ljR.png]


this poster on bitcointalk couldn't take the pressure. poor kid. Sad Sad
06-15-2017 07:11 PM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,221
Joined: Aug 2013
Reputation: 80
Post: #4557
RE: The Bitcoin thread
(06-15-2017 07:11 PM)Satoshi Wrote:  [Image: YVm8ljR.png]


this poster on bitcointalk couldn't take the pressure. poor kid. Sad Sad


Does your post signify that you have some kind of specific BTC price prediction?

There is one thing to actually invest and have some kind of stake, whether buying, holding or shorting, versus looking at what others are doing, no?

By now, many of us should realize that there is not any one good strategy, but some strategies might be better than others - however, the best strategies can be devised if you make them after the fact... hahahaha.

Where we going from here? in the next few days? In the coming six weeks? In the coming 6 months? Actually there are some folks who consider the matter in longer time frames, too 1 year to 5 years or even longer..
(This post was last modified: 06-15-2017 07:27 PM by JayJuanGee.)
06-15-2017 07:26 PM
Find all posts by this user Like Post Quote this message in a reply
Satoshi Offline
Banned

Posts: 885
Joined: Nov 2013
Post: #4558
RE: The Bitcoin thread
I'd agree with your post from yesterday that we probably are going to $1500. And I'd say that $1200 is likely too.

Perhaps up to test $3000 again. $3200 is possible but not likely and not more than that.

I like this chart: https://www.tradingview.com/chart/BTCUSD...O-BITCOIN/

Just speculating though don't take my thoughts too seriously. But I think this is way overbought right now. And some cheap coins would be nice. Wink
06-15-2017 07:32 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes Satoshi's post:
JayJuanGee
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,221
Joined: Aug 2013
Reputation: 80
Post: #4559
RE: The Bitcoin thread
(06-15-2017 07:32 PM)Satoshi Wrote:  I'd agree with your post from yesterday that we probably are going to $1500. And I'd say that $1200 is likely too.

Perhaps up to test $3000 again. $3200 is possible but not likely and not more than that.

I like this chart: https://www.tradingview.com/chart/BTCUSD...O-BITCOIN/

Just speculating though don't take my thoughts too seriously. But I think this is way overbought right now. And some cheap coins would be nice. Wink


So, perhaps you are a bit more bullish than I had expected.. hm, and maybe coming out of "fud dud" status. GREAT!! I won't count such blessing too soon, merely based on one post. hahaha

So, o.k. we likely agree that there are decent possibilities of another leg down, and I am not ruling out $1200 or below, but I am thinking that there would be pretty decent buying support between $1200 and $1800, so $1500 would be a fair and reasonable bottom.. .. and I would not even rule out some possibility of triple digits - even though I am thinking that there is pretty decent chances that bears would run out of ammunition far before that point, absent some devastating news or extraordinarily persuasive and effective FUD spreading.

I come to my conclusions based on normal correction and momentum changes, but I don't think that BTC is overbought, especially given continued adoption and developments.. but surely we can differ about those kinds of characterizations.

Yes, agreed decent chances of another test of $3k that goes as far as $3200. Sure, there could be some decent difficulties in surpassing $3200, but surely I am giving greater odds to the likelihood of up to $3600 and even into the $4k to $6k range - but maybe we can kind of be in agreement that based on uncertainties of August 1 and a variety of related issues around the August 1 questions, we could have several months of uncertainty and even lack of resolution that causes additional bear movements - yet still unclear whether such difficulties would lead to non-resolution or even knock bitcoin into a bear market...

So, maybe we are kind of agreeing on some of these matters, and really to me it becomes a bit too tangential to predict too far beyond the resolution of some matters and even accounting for some additional unknowns... so seeing how some of the matters play out - whether that is issues with bitcoin itself or watching how other coins might play out to further occupy some of the space could cause additional tweaking of longer term predictions...
06-15-2017 07:51 PM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,221
Joined: Aug 2013
Reputation: 80
Post: #4560
RE: The Bitcoin thread
(06-15-2017 04:42 PM)JayJuanGee Wrote:  There's gotta be some "holy fuck" about the BTC trade volume of the past 4 days, and with all of that dump, so far, the BTC price got only a bit more than 25% of a correction from top to bottom $2980 to $2135, approximately?

Sure, the dump might NOT be finished yet, but I am kind of getting the sense that the bears might be running out of coins to dump....

So? At least the second leg of a dump seems to be finished, and whether there is going to be a third dump leg is still to be determined.. 50/50?

The next ~48 hours are critical.


I am back to the oh gosh and the holy fuck feelings.

So I don't know what to say in terms of our current range.. maybe we are in the $2150 to $2450 territory - but we seem to be breaking up.. and the more we break up, the less likely that we are going to have the anticipated third leg of the down.

Actually, I am not going to call it, yet. I am too afraid.

I am going to assert that we have to break upwards through $2600 in order to be "safe" from the third downward leg of the correction... but I must say that even the current upwards is bringing me doubts about the possibility of another downward leg. There have been so fucking many coins dumped in the past four days, and this current upwards is trickling back up on relatively low volume which is causing me to tentatively speculate that bears might be running out of coins to dump, momentum to play upon, and people who are willing to follow them in dumping.

At the moment, as I type, it could be that we are kind of floating in a teeter totter place? "$2500, the current teeter totter"?
06-16-2017 04:30 AM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,221
Joined: Aug 2013
Reputation: 80
Post: #4561
RE: The Bitcoin thread
Looks like a microsoft employee chiming in to rebutt some decentralization Bitmain claims

https://twitter.com/csuwildcat/status/87...4626565120

I get the sense that Bitmain is going to come out of this as "foolish"
06-16-2017 05:54 AM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,221
Joined: Aug 2013
Reputation: 80
Post: #4562
RE: The Bitcoin thread
Here's an interesting article that discusses the top 5 languages in which bitcoin searches are accomplished through google.

https://themerkle.com/top-5-languages-dr...n-results/
06-16-2017 06:27 AM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,221
Joined: Aug 2013
Reputation: 80
Post: #4563
RE: The Bitcoin thread
Two bullish and informative articles:

1) Apparently HYCM is a pretty major player in the FOREX arena, and recently, it added BTC/USD pair, based on popular demand.

https://www.financemagnates.com/forex/br...nstrument/


2) India seems to be advancing in the bitcoin space with a certain amount of vigor,

https://cointelegraph.com/news/cointeleg...d2db95fjpg
(This post was last modified: 06-16-2017 03:03 PM by JayJuanGee.)
06-16-2017 02:59 PM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,221
Joined: Aug 2013
Reputation: 80
Post: #4564
RE: The Bitcoin thread
(06-15-2017 04:20 PM)JayJuanGee Wrote:  There are so many confusing discussion out there about conflicting proposals and various scenarios that can play out in regards to UASF and segwit2x and even the bitmain hardfork.

This thread attempts to clarify possible compatibility between UASF and segwit2x - and to suggest that a hardfork would be down the road, and possibly not even triggered..

Who knows? Spinned optimism or what?

https://www.reddit.com/r/Bitcoin/comment...8/dixr59j/


Here's another thread on the segwit2x - and bip148 - combination issue.

Even though there are attempts to describe likely paths forward - and even to suggest ways that this matter could be resolved with a kind of activation of segwit first and than perhaps a hardfork down the road. Even with this explanation of possible paths forward, it does not really provide too much additional certainty regarding how this matter is likely to unfold.

https://www.reddit.com/r/Bitcoin/comment...d_bip_148/

So even though a segwit first seems to be acceptable by a large majority of users, there remains ongoing obstructionists that continue to attempt to derail any kind of possible progress in that direction.
06-16-2017 03:39 PM
Find all posts by this user Like Post Quote this message in a reply
Armogan Offline
Banned

Posts: 393
Joined: May 2015
Post: #4565
RE: The Bitcoin thread
Just saying hi since there are six posts all in a row from you. Now you're quoting yourself.

Up? Down? Where we going?
(This post was last modified: 06-16-2017 05:46 PM by Armogan.)
06-16-2017 05:38 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes Armogan's post:
booshala
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,221
Joined: Aug 2013
Reputation: 80
Post: #4566
RE: The Bitcoin thread
(06-16-2017 05:38 PM)Armogan Wrote:  Just saying hi since there are six posts all in a row from you. Now you're quoting yourself.

Up? Down? Where we going?



Just saying hi back.


A few days ago, when we started getting the correction, I thought that it was pretty likely to get three legs of a correction, especially after seeing how intense the correction was unfolding.

So, yeah, we seem to have gone through the first two legs, but then the recovery from the second leg has been a bit stronger than expected, so I am kind of teetering on whether there is going to be a third correction leg. If there is a third correction leg, then it could go down into the $1500 territory or lower, possibly short-lived spikes as low as sub $1k....

Maybe the current price range is somewhere between $2,300 and $2,600. If we break below $2,300 then we are likely going down, and I expect considerable buying support at various levels before reaching $1,500 - so getting to that kind of low price level in a third leg is no where near certain.

On tyhe other hand, if we break uppity (as they say... hahahahaha... I mean me), that is breaking above $2600, then there is going to be another test of $3k, and breaking through $3k should bring us into the $3,300 to $3,600 territory.

Of course, we are in a kind of moving dynamic situation, so at the moment, difficult to place any kind of exact numbers on these estimates, and within the price range, and am personally still teetering.. maybe just slightly starting to lean more towards the upside - even though yesterday, I was leaning more towards the downside (meaning one more correction leg).

I know that the formula in attempting to predict bitcoin becomes a bit more complex when we account for the price movements of ETH and some of the various alts, so on the margins, price movements in the various alts could affect my consideration regarding what is possible or probable in terms of BTC.

You got something that you want to add or correct me on? And, hi again. Hamster2
06-16-2017 06:13 PM
Find all posts by this user Like Post Quote this message in a reply
Satoshi Offline
Banned

Posts: 885
Joined: Nov 2013
Post: #4567
RE: The Bitcoin thread
(06-16-2017 06:13 PM)JayJuanGee Wrote:  
(06-16-2017 05:38 PM)Armogan Wrote:  Just saying hi since there are six posts all in a row from you. Now you're quoting yourself.

Up? Down? Where we going?



Just saying hi back.


A few days ago, when we started getting the correction, I thought that it was pretty likely to get three legs of a correction, especially after seeing how intense the correction was unfolding.

So, yeah, we seem to have gone through the first two legs, but then the recovery from the second leg has been a bit stronger than expected, so I am kind of teetering on whether there is going to be a third correction leg. If there is a third correction leg, then it could go down into the $1500 territory or lower, possibly short-lived spikes as low as sub $1k....

Maybe the current price range is somewhere between $2,300 and $2,600. If we break below $2,300 then we are likely going down, and I expect considerable buying support at various levels before reaching $1,500 - so getting to that kind of low price level in a third leg is no where near certain.

On tyhe other hand, if we break uppity (as they say... hahahahaha... I mean me), that is breaking above $2600, then there is going to be another test of $3k, and breaking through $3k should bring us into the $3,300 to $3,600 territory.

Of course, we are in a kind of moving dynamic situation, so at the moment, difficult to place any kind of exact numbers on these estimates, and within the price range, and am personally still teetering.. maybe just slightly starting to lean more towards the upside - even though yesterday, I was leaning more towards the downside (meaning one more correction leg).

I know that the formula in attempting to predict bitcoin becomes a bit more complex when we account for the price movements of ETH and some of the various alts, so on the margins, price movements in the various alts could affect my consideration regarding what is possible or probable in terms of BTC.

You got something that you want to add or correct me on? And, hi again. Hamster2

You have already posted these predictions several times, both in this thread and in the ethereum thread. Basically you are just repeating yourself.
Are you spamming to keep the bitcoin thread at the top? No one has reacted to any of your latest post and you are even quoting yourself. Perhaps no one finds your links interesting? Perhaps you could start a blog or something?
(This post was last modified: 06-16-2017 06:33 PM by Satoshi.)
06-16-2017 06:33 PM
Find all posts by this user Like Post Quote this message in a reply
Armogan Offline
Banned

Posts: 393
Joined: May 2015
Post: #4568
RE: The Bitcoin thread
No. I think sub 1000 would be the most epic drop ever. I don't see it going down there for any extended period of time. I also see 3600 as an insane bull-run, again don't see that either.

Where do you get these arbitrary numbers from? Are you doing some technical analysis with support and resistance that could substantiate these? Or just a whim?

These parts are a bit lonely since everyone got relocated to the Cryptocurrency Ethereum thread.
(This post was last modified: 06-16-2017 06:57 PM by Armogan.)
06-16-2017 06:48 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes Armogan's post:
JayJuanGee
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,221
Joined: Aug 2013
Reputation: 80
Post: #4569
RE: The Bitcoin thread
(06-16-2017 06:33 PM)Satoshi Wrote:  
(06-16-2017 06:13 PM)JayJuanGee Wrote:  [edited out]

You have already posted these predictions several times, both in this thread and in the ethereum thread. Basically you are just repeating yourself.
Are you spamming to keep the bitcoin thread at the top? No one has reacted to any of your latest post and you are even quoting yourself. Perhaps no one finds your links interesting? Perhaps you could start a blog or something?

It seems that I was asked for a prediction in regards to BTC prices.

Whether that was meant as a serious presentation of questions, I gave an update to my earlier thinking, which is not exactly the same, but instead a bit of a tweak of my earlier thinking...
06-16-2017 07:04 PM
Find all posts by this user Like Post Quote this message in a reply
pants Offline
Banned

Posts: 681
Joined: Nov 2012
Post: #4570
RE: The Bitcoin thread
Wow!

I just found an old wallet with a few bitcoin on it i didnt knew i had.
Quite excited Big Grin

trying to transfer they now, but it takes quite a long time compared to last time i did this.
Lets hope they arrive soon!
06-16-2017 07:12 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 5 users Like pants's post:
SamuelBRoberts, JayJuanGee, CaptainChardonnay, Gmac, Isaac Jordan
SamuelBRoberts Offline
Crow
*****
Gold Member

Posts: 4,842
Joined: Oct 2014
Reputation: 93
Post: #4571
RE: The Bitcoin thread
Edit: This does not go in this thread. Whoops.
(This post was last modified: 06-16-2017 07:23 PM by SamuelBRoberts.)
06-16-2017 07:16 PM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,221
Joined: Aug 2013
Reputation: 80
Post: #4572
RE: The Bitcoin thread
(06-16-2017 06:48 PM)Armogan Wrote:  No. I think sub 1000 would be the most epic drop ever. I don't see it going down there for any extended period of time. I also see 3600 as an insane bull-run, again don't see that either.

Well, maybe we have similar thoughts, because I think that sub $1k would be a bit extreme, too, but I don't think that it would be the death of bitcoin, so it certainly is within the realm of reasonable but seemingly unlikely scenarios.

Think about it, we were at sub $1k just 10 weeks ago.. Sub-$1k is not that big of a stretch, even if it seems a bit less probable of a scenario.

Regarding $3,600 that is kind of the high end of the first resistance point if prices were to break above $3k. Whether it is easy or not could be a matter of giving varying weight to possible scenarios that could play out.

In that regard, it appears that I give a bit more weight to possible scenarios that could cause such a scenario to play out than you do.


(06-16-2017 06:48 PM)Armogan Wrote:  Where do you get these arbitrary numbers from?

Seems like we discussed this before, but what the heck? Maybe the numbers seem arbitrary to you, but they are attempts to give my best estimations of various scenarios, depending on whether I am responding to a question, responding to some article or just discussing what seems to be possible or probable.

(06-16-2017 06:48 PM)Armogan Wrote:  Are you doing some technical analysis with support and resistance that could substantiate these? Or just a whim?

Again, not really whim. Sometimes I look at some technical analysis or attempt to do some of my own, but my discussion of support and resistance is based on a variety of matters including previous price points, momentum, volume, news in the bitcoin space, news in the crypto space and varying overarching theories and views that I have developed in life and in bitcoin... In other words, I am just guessing. Blush


(06-16-2017 06:48 PM)Armogan Wrote:  These parts are a bit lonely since everyone got relocated to the Cryptocurrency Ethereum thread.

Largely, this thread was pretty lonely between about late 2014 and late 2016, so relatively speaking, seems about average - and seemingly a bit more participation as compared with much of the time in 2015.

I understand that RVF guys have interest in making money, so that is one part of current crypto, including the ETH discussion and the discussion of alts and bitcoin. I actually thought that RVF guys would have been more drawn to bitcoin for other reasons, including that bitcoin seems to be more of a challenge to mainstream financial institutions and governments as compared with various alts that seem to have some quasi-centralized areas of failure, which could make them vulnerable to attack, manipulation and control by governments and financial institutions.

On the other hand, no matter the ideology or the fundamentals, I do understand and accept that there can be a decent amount of justifiable interest in attempting to figure out ways to get in and out of various assets (including what is going on in the ICO and alt crypto space) in order to make money off of that. Certainly I cannot fault guys for that, especially if they can figure out ways to brainstorm about such strategies, whether that is sharing in the public thread or even sometimes discussing some of their thinking in PMs - which several of us engage in both means of sharing our crypto thoughts, whether they have solid evidentiary and/or logical support or if they are merely hunches based on incomplete information and/or logic.
06-16-2017 07:28 PM
Find all posts by this user Like Post Quote this message in a reply
JayJuanGee Offline
Crow
*****
Gold Member

Posts: 6,221
Joined: Aug 2013
Reputation: 80
Post: #4573
RE: The Bitcoin thread
(06-16-2017 07:12 PM)pants Wrote:  Wow!

I just found an old wallet with a few bitcoin on it i didnt knew i had.
Quite excited Big Grin

trying to transfer they now, but it takes quite a long time compared to last time i did this.
Lets hope they arrive soon!


I had this happen to me a few weeks ago, but I just found about .5BTC.. Congrats.
06-16-2017 07:30 PM
Find all posts by this user Like Post Quote this message in a reply
Travel Museums Offline
Banned

Posts: 859
Joined: Aug 2016
Post: #4574
RE: The Bitcoin thread
Bitcoin seems overvalued. There is no arguing this is it's third wave of mass popularity. Prices will go up an down for awhile. But after each wave there is a slow decline in value. It won't go down to what is was. But it won't stay in the thousands forever.

The problem is there still hasn't been much adoption. I know I know. Some more retailers are adding it, Japan, etc. Still there isn't much actual user adoption. How many of you have paid for anything in Bitcoin. We're all just speculating.

This is what causes each wave. We get some positive trends but in the end still no one using bitcoin as a currency = slow decline in value.

Maybe this will change after the August fork. The current rise back up is supposedly related to a fork compromise being reached. This eliminates some of the uncertainty over the future of bitcoin. But it's still far from being an actual means of exchange for the populace.

In some ways the current alt coins boost the value of Bitcoin. Most people have to buy into BTC, ETH, or LTC to get other tokens. So these are now the USD and Swiss Franc. BTC is becoming the crypto reserve currency.

But at the same time the new tokens undermine the hegemony of bitcoin. They offer more faster, more secure, private transactions. Look at what happened with Monero when the drug dealers decided it's secrecy was worth the risk. Prices soared. Meanwhile it's still being valued in BTC (not USD). So both good and bad for Bitcoin.

What concerns me is all these new ICOs. They are happening with little to no oversight nor regulation. It's way too similar to the dot com bubble. Small companies promising new things. Raising huge initial investments based on a new technological infrastructure (blockchain) that ma and pa kettle don't trust and understand. They all claim to be doing different things and having a niche.

I'm guessing we end up with most alt coins going bust. Then a few google amazon and facebook titans ruling the roost.
(This post was last modified: 06-18-2017 11:06 AM by Travel Museums.)
06-18-2017 11:03 AM
Find all posts by this user Like Post Quote this message in a reply
CleanSlate Offline
Hummingbird
*****
Gold Member

Posts: 2,985
Joined: Dec 2008
Reputation: 222
Post: #4575
RE: The Bitcoin thread
(06-18-2017 11:03 AM)Travel Museums Wrote:  Then a few google amazon and facebook titans ruling the roost.

The million dollar question is which ones are going to rule the roost.

That's the whole point of our crypto threads here. We're trying to figure out who's going boom and who's going bust.
06-18-2017 12:18 PM
Find all posts by this user Like Post Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  IRS: Bitcoin is not currency assman 23 7,872 07-06-2019 08:37 PM
Last Post: Deepdiver
  Bitcoin & Cryptocurrency Profit & Loss Trackers & Capital Gains Calculators jamaicabound 2 4,870 06-01-2019 09:03 AM
Last Post: Dr. Howard
  DACing for Cryptodummies: Hassle-Free and Easy Bitcoin Investing SamuelBRoberts 108 33,831 12-26-2018 08:27 PM
Last Post: redbeard

Forum Jump:


User(s) browsing this thread: 1 Guest(s)

Contact Us | RooshV.com | Return to Top | Return to Content | Mobile Version | RSS Syndication