Re: Speculation Rule: buy when others are irrationally pessimistic or too cautious
re: [POLL] Are You losing Interest ?
It's been a LONG time coming but i have lost almost all interest in Altcoins (and even Bitcoin)
It's been a LONG time coming but i have lost almost all interest in Altcoins (and even Bitcoin)
You are in the "MOUNT STUPID" or "WALL OF WORRY" stage. See the charts I quoted below...
That is what some people said about the Internet after the dot.com crash.
We are merely lacking the killer app for blockchains, just as the Internet (which existed since the 1980s) was lacking the killer app until Tim Berners-Lee released the WWW and the first web browser.
You will regret this tendency to become complacent with the nascent Knowledge Age and decentralization technology which is going take over the global economy:
Sorry guys but you are incorrect. Stage #5 is not just one of many possible outcomes, it is the ONLY possible outcome. And the totalitarianism will be global w.r.t. to all things tangible and physical (including precious metals!), thus the only release valve frontier will be decentralization network technology.
You will probably need a week or two of studying the thread slowly.
I will be the first to admit I needed a week or two to fully absorb the following works of AnonyMint.
The Rise of Knowledge
Remember the greatest failing of the human race is the inability to appreciate the exponential function. Humans don't recognize exponential growth until it is already too late, e.g. on the 29th day of a 30 day growth, the lilies cover 50% of the pond and on the next day 100%.
My track record has been phenomenal.
...
You have to be joking. If anything he made himself look foolish claiming bitcoin actually has the capability of defeating the gold market cap. You've made how many threads yourself saying bitcoin has no future? Now you're just randomly taking the exact opposite stance even though you know it's wrong.
We are not joking and we know we won that point emphatically and you looked so silly.
There are many details which you fail to assimilate. For example, you are conflating Bitcoin with crypto-currency and decentralized networking technology in general. Napster wasn't the end of file sharing.
File sharing is orders-of-magnitude more used now than it was no long ago during the peak of Napster. That is what will happen to gold's market cap, which btw is 3-4 orders-of-magnitude overstated if we are talking about the physical gold traded by the goldbugs. Nearly all of the gold is controlled by the elite.
r0ach your myopia is that you don't understand the scientific fact that the entropic force (The Second Law of Thermodynamics) is cardinal to everything else.
We've even now seen that gravity is an emergent phenomenon of the entropic force (the trend towards ever increasing entropy and the irreversibility of thermodynamic processes).
What this means is that it is irrelevant what the banksters value most, if they are not in alignment with the entropic trend. What nature values is increasing entropy and thus increasing decentralization is more valuable if the Coasian barriers are congruent.
You will learn this lesson the hard way.
Gravity is tangible but it emerges purely from an intangible force of the trend towards increasing (Shannon) information.
https://steemit.com/science/@anonymint/the-golden-knowledge-age-is-rising
https://bitcointalk.org/index.php?topic=355212.msg17408195#msg17408195
https://bitcointalk.org/index.php?topic=355212.msg17395839#msg17395839
https://bitcointalk.org/index.php?topic=1624708.msg16396856#msg16396856
https://bitcointalk.org/index.php?topic=495527.msg16593330#msg16593330
Your conceptualization of reality needs to be updated.
No offense, but your thesis on a so called knowledge age is completely irrational. When complex systems collapse, they devolve into simpler ones. They never jump into a higher tier of complexity. Complex systems also tend to require exponential resource (energy) curves. Peak conventional crude oil already happened in 2004. Peak working age demographic already occurred in every nation that matters.
Wealth comes from people doing work in the real world, not shuffling around papers. That work is either done from things like burning fuel to do the work for you, or humans physically doing it themselves.
Your thesis is entirely incorrect.
You had better wake up else you will entirely miss the boat.
Profit margins from mass production are dying. The future profit will increasingly come from creativity.
...8<... [content elided]
The only constant is the Second Law of Thermodynamics which informs us that entropy is trending to maximum. The Knowledge Age is all about increasing entropy. You had better make sure you understand this and stop clinging to incorrect bullshit.
...
For example, you were completely pwned by @CoinCube on the concept of Exter's pyramid.
You have to be joking. If anything he made himself look foolish claiming bitcoin actually has the capability of defeating the gold market cap. You've made how many threads yourself saying bitcoin has no future? Now you're just randomly taking the exact opposite stance even though you know it's wrong.
We are not joking and we know we won that point emphatically and you looked so silly.
There are many details which you fail to assimilate. For example, you are conflating Bitcoin with crypto-currency and decentralized networking technology in general. Napster wasn't the end of file sharing.
File sharing is orders-of-magnitude more used now than it was no long ago during the peak of Napster. That is what will happen to gold's market cap, which btw is 3-4 orders-of-magnitude overstated if we are talking about the physical gold traded by the goldbugs. Nearly all of the gold is controlled by the elite.
I re-wrote the second part of my reply. I do not believe there will ever be a case of imaginary digital numbers having more value than something that actually exists. It will always just be a deception involving asymmetric deployment of information:
I guess you could claim the bankers might try to hoist a digital currency scam system upon the serfs, then they would artificially inflate the market cap of the digital numbers that don't exist as more than imagination, and that will somehow surpass the market cap of gold; but at the same time, the central bankers would just buy up and hoard all the gold for themselves. So the gold in reality is more valuable since they value it more than non-existent digital numbers. The whole thing in that case would just be a trick and the gold really would still be more valuable...
r0ach your myopia is that you don't understand the scientific fact that the entropic force (The Second Law of Thermodynamics) is cardinal to everything else.
We've even now seen that gravity is an emergent phenomenon of the entropic force (the trend towards ever increasing entropy and the irreversibility of thermodynamic processes).
What this means is that it is irrelevant what the banksters value most, if they are not in alignment with the entropic trend. What nature values is increasing entropy and thus increasing decentralization is more valuable if the Coasian barriers are congruent.
You will learn this lesson the hard way.
Gravity is tangible but it emerges purely from an intangible force of the trend towards increasing (Shannon) information.
https://steemit.com/science/@anonymint/the-golden-knowledge-age-is-rising
https://bitcointalk.org/index.php?topic=355212.msg17408195#msg17408195
https://bitcointalk.org/index.php?topic=355212.msg17395839#msg17395839
https://bitcointalk.org/index.php?topic=1624708.msg16396856#msg16396856
https://bitcointalk.org/index.php?topic=495527.msg16593330#msg16593330
Your conceptualization of reality needs to be updated.
He is not buying for a rational reason of buying low and selling high. For him, it is a religion against paper gold.
You are asking him to admit his entire thesis for his life is an error.
You are asking him to admit his entire thesis for his life is an error.
No offense, but your thesis on a so called knowledge age is completely irrational. When complex systems collapse, they devolve into simpler ones. They never jump into a higher tier of complexity. Complex systems also tend to require exponential resource (energy) curves. Peak conventional crude oil already happened in 2004. Peak working age demographic already occurred in every nation that matters.
Wealth comes from people doing work in the real world, not shuffling around papers. That work is either done from things like burning fuel to do the work for you, or humans physically doing it themselves.
Your thesis is entirely incorrect.
You had better wake up else you will entirely miss the boat.
Profit margins from mass production are dying. The future profit will increasingly come from creativity.
...8<... [content elided]
The only constant is the Second Law of Thermodynamics which informs us that entropy is trending to maximum. The Knowledge Age is all about increasing entropy. You had better make sure you understand this and stop clinging to incorrect bullshit.
How is a 30 degree upward slope for the past 1.25 years irrational?
The bubble ensues next and it curves up higher slope to rocket to ATHs after surpassing the cup & handle at $800ish.
We may get some resistance at $800 and so maybe not until next year for the ATHs. I am nearly certain we will push to high $700s before Xmas.
Remember Bitcoin is another way for wealthy Chinese to get their money out of their debt crisis and country. A liquid diversification.
See any familiarity with the above chart and the typical one for new investments:
The bubble ensues next and it curves up higher slope to rocket to ATHs after surpassing the cup & handle at $800ish.
We may get some resistance at $800 and so maybe not until next year for the ATHs. I am nearly certain we will push to high $700s before Xmas.
Remember Bitcoin is another way for wealthy Chinese to get their money out of their debt crisis and country. A liquid diversification.
See any familiarity with the above chart and the typical one for new investments:
Re: is it time to start seriously talking about a $5000 BTC
They will play you as well, because you'll be the one who sells too early when the price rocket goes into a phase transition run to ATHs. They will eventually do that after they done shaking weak hands out. Your stance can be characterized as another form of weak hand because of selling too soon into a bull run.
The first bubble to $1200 in 2013 was the first hump of the typical new technology invesment. The second major hump is the big enchilada and you should never sell except possibly to trade to altcoins to increase your BTC, if you are so inclined and are astute at such speculation.
BTC appears to be currently at either the early 2007 or the late 2009 point on that Amazon chart.
If we are at the late 2009 correlation, then $1000 will be scaled in 2017 and we will not go back below $1000 after that.
And yes something in range of $2500 - $5000 over the next couple of years looks plausible and even likely.
Just look at the events around us to see what is accelerating:
https://bitcointalk.org/index.php?topic=1703363.msg17077372#msg17077372
https://bitcointalk.org/index.php?topic=1699911.msg17077124#msg17077124
https://bitcointalk.org/index.php?topic=1703213.0
https://bitcointalk.org/index.php?topic=1687448.msg17056883#msg17056883
https://bitcointalk.org/index.php?topic=1082909.msg16842246#msg16842246
https://bitcointalk.org/index.php?topic=1082909.msg16921886#msg16921886
https://bitcointalk.org/index.php?topic=1082909.msg16972102#msg16972102
It Is Just Time.
Time is upon us for BTC to make another big move up. Don't be late to board the train because you are irrationally too cautious:
https://bitcointalk.org/index.php?topic=1663070.msg17049006#msg17049006
I expected a correction because the price went too high too quickly. Most of the time when we see it spike high like that, it will come back a little.
They will play you as well, because you'll be the one who sells too early when the price rocket goes into a phase transition run to ATHs. They will eventually do that after they done shaking weak hands out. Your stance can be characterized as another form of weak hand because of selling too soon into a bull run.
The first bubble to $1200 in 2013 was the first hump of the typical new technology invesment. The second major hump is the big enchilada and you should never sell except possibly to trade to altcoins to increase your BTC, if you are so inclined and are astute at such speculation.
BTC appears to be currently at either the early 2007 or the late 2009 point on that Amazon chart.
If we are at the late 2009 correlation, then $1000 will be scaled in 2017 and we will not go back below $1000 after that.
And yes something in range of $2500 - $5000 over the next couple of years looks plausible and even likely.
Just look at the events around us to see what is accelerating:
https://bitcointalk.org/index.php?topic=1703363.msg17077372#msg17077372
https://bitcointalk.org/index.php?topic=1699911.msg17077124#msg17077124
https://bitcointalk.org/index.php?topic=1703213.0
https://bitcointalk.org/index.php?topic=1687448.msg17056883#msg17056883
https://bitcointalk.org/index.php?topic=1082909.msg16842246#msg16842246
https://bitcointalk.org/index.php?topic=1082909.msg16921886#msg16921886
https://bitcointalk.org/index.php?topic=1082909.msg16972102#msg16972102
It Is Just Time.
Time is upon us for BTC to make another big move up. Don't be late to board the train because you are irrationally too cautious:
https://bitcointalk.org/index.php?topic=1663070.msg17049006#msg17049006