Quote from: mtnsaa on November 01, 2016, 07:37:54 PM

Quote from: astmandu on November 01, 2016, 06:29:54 PM

Quote from: Pap0u on November 01, 2016, 05:46:06 PM

This is about to moon so hard and I am laughing at all these fools dumping out. These prices is how you go from rags to riches. Thank you to whoever is bringing us so low.

I beg to differ. I was posting her last month about being patient and having confidence in holding strong. The result is I lost my ass. I'm not rich from it. Lucky for me I have been benefiting from all of the recent volatility and so my account is recovering.

I believe greatly in Factom and I'll be back in it someday. Today however is Bitcoin's time. You just can't ignore what's going on there. It wipes out anything else. Some people think it has just begun as well. Time will tell.

Safest bet is to sit out and preserve capital.

Please it's nothing more than a pump, people act as if Bitcoin can't be pumped, it can be pumped just the same. No real adoption, still no one cares about Bitcoin, same pump happened during the halvening and there down you go, Bitcoin won't be at 1k anytime soon unless there are some actual adoption from the mainstream, a major economic collapse or an amazing technical development (and even then I doubt that would move the price as much).

People know how unstable price still is, a hack to a unknown Honk Kong exchange could bring the price to its knees in a second. This happened in 2016 not 2013...

I don't hate Bitcoin, it's truly the king of crypto and a disruptive technology, there's no doubt about it but it's still far from making any impact in the real world, maybe in 3-5 more years (I'm still not sure how regular people would use it, we just hoard and hold it?). Right, that would make mainstream adoption a very easy sell...

I agree, I mean, like every crypto enthusiast admits that Bitcoin is really a pioneer of a new era of blockchain technology and no doubt that people are optimistic about its future use. But indeed, using it in real life is far from near future in my opinion. I mean, at least in my country, you can still buy nothing with it, except on some international online stores and that's still pretty rare.

The only thing that has happened here is some group of ppl installing 2 or 3 Bitcoin ATMs which I suspect is nothing more than for their money laundering practices (I don't see a reason why anyone enough tech savvy to understand at least the basic Bitcoin principle would use these machines that have at least a 10% fee, if they can simply buy it over an exchange or other simpler online ways?). Also, these machines require at least a few confirms which takes like a minimum of half an hour of waiting for a transaction to pass so it's also very impractical.

Regarding the speed of the Bitcoin network, imagine going into a shop and paying for something with BTC while 20 people pile up in the queue behind you, lol. The block expansion vote will probably fail as 95% agreement seems impossible to reach, so yeah...this surge in price probably is nothing more than a pump..also partially caused by Chinese Yuan devaluation, which only stresses the point that Bitcoin is today pretty much used as an asset for preventing loss of money or hoping to get rich by waiting for price spikes, than an actual useful currency in the real world that I hope it might become one day.