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Showing 20 of 103 results by Kapyong
When money is in the form of a certificate, this certificate must entitle its holder to some actual thing like gold, some other commodity, or goods in general. Just printing a paper and put some letters and numbers on it, is creating nothing but a worthless piece of paper. Thus, in order for bitcoin to be real money, prior to putting it into circulation miners must store some commodity at some wearhouse so that bitcoin holders can claim it if they want.
Nonsense.
BTC is ALREADY successfully being used as money to buy goods and services.
Showing your claims to be obviously false.
Not really, no.
There is a lot to learn, many choices for wallets or exchanges, and there are many things that can go wrong - which can cost you your BTC transaction, or even your whole wallet.
Have a look at the number of posts here saying something desperate like :
"help, I lost my BTC and need help getting them back !"
(if you stuff-up, your BTC are gone forever - almost NO chance of recovery.)
But it is getting better.
Kapyong
There is a lot to learn, many choices for wallets or exchanges, and there are many things that can go wrong - which can cost you your BTC transaction, or even your whole wallet.
Have a look at the number of posts here saying something desperate like :
"help, I lost my BTC and need help getting them back !"
(if you stuff-up, your BTC are gone forever - almost NO chance of recovery.)
But it is getting better.
Kapyong
Amazing how many persons here can predict the future !
BTC will do this,
BTC will not do that,
...
But
nearly every specific prediction made here has been WRONG.
What we CAN reasonably predict is :
* BTC will rise
* BTC will reach a new peak
* higher than before
BTC will do this,
BTC will not do that,
...
But
nearly every specific prediction made here has been WRONG.
What we CAN reasonably predict is :
* BTC will rise
* BTC will reach a new peak
* higher than before
you don't really need an article.
Didn't say I did need it.
I don't need it.
simply open up a bitcoin chart website like bitcoinwisdom(.io) and analyze it yourself.
I can ?
Really ?
Wow - thanks for filling me in with that tricky & obscure knowledge
Who would ever realise that without you letting us know !
Gday
Yah, there are quite a few articles and blogs discussing the repeating pattern, but somehow I just can't seem to place the exact one I meant (from maybe 6 months ago ?) Like that book you vaguely remember as a child, or that dream about that ... um ... thing, and it felt really, like, um ...
Yup:
But :
So, it rather looks like another peak is coming, but predicting specifics is worth little.
There had been a lot of articles that perused that similar graph/picture that comes with your OP, so it's hard to pinpoint a single article as a reference.
Yah, there are quite a few articles and blogs discussing the repeating pattern, but somehow I just can't seem to place the exact one I meant (from maybe 6 months ago ?) Like that book you vaguely remember as a child, or that dream about that ... um ... thing, and it felt really, like, um ...
Anyway, your assumption is pretty much supported by historic charts, just look it up over the internet and you'll see that the cycle ends up higher than the previous cycle it was in. This time, however will be harder to know whether the next ATH will be higher than the 2017 one, knowing that it will take a lot more firepower to get this rocket surpassing $20k and higher.
Yup:
- the overall trend is clearly up,
- we've seen several sharp peaks (or bubbles) now
- each peak is much higher than the previous
- each one leaves price much higher
But :
- always uncertain, the future is
- past behaviour does not necessarily predict future behaviour
- BTC is different and new - hard to predict
- we can't know how the whales will manipulate things
- a new peak is expected and discussed, but when everyone KNOWS what will happen, it often doesn't
So, it rather looks like another peak is coming, but predicting specifics is worth little.
Very unrealistic in my opinion. Honestly, no one wants such bubbles and inorganic growth because BTC would continue being viewed as a pump and dump coin and exhibits extremely high volatility.
Organic growth is what we need from BTC and it will help decrease volatility overall and push adoption upwards.
Organic growth is what we need from BTC and it will help decrease volatility overall and push adoption upwards.
Yup, I agree we want stable growth, not bubbles.
But considering human nature, not sure that's actually what will happen.
Meanwhile - we are about a year away from the next mining reward halving, and that has been connected to previous price rises.
Seeing that BTC spiked rapidly before, must be plenty of people hoping it happens again so they can get some of the action. I've seen a few posters here who seem convinced the next spike is huge, and soon (perhaps they read that article.)
I think FOMO is rising again, helped along with BTC news which I think has been quite positive on balance lately. All backed by that seductive dream of easy money.
Another bubble seems possible, maybe even probable ?
My optimism is well deflated now.
I do not think there is a peak coming which is orders of magnitude higher than last time.
But it was an interesting analysis, based on facts.
Then when I went to find the article again, I couldn't, so now I'm a little annoyed at failing to find it again, and wondered if it leapt to mind for anyone.
I linked to that classic bubble graph image because that same curve was shown in the article matched to each previous BTC bubble.
Oh well, not a big issue
I do not think there is a peak coming which is orders of magnitude higher than last time.
But it was an interesting analysis, based on facts.
Then when I went to find the article again, I couldn't, so now I'm a little annoyed at failing to find it again, and wondered if it leapt to mind for anyone.
I linked to that classic bubble graph image because that same curve was shown in the article matched to each previous BTC bubble.
Oh well, not a big issue
Sure,
not saying it's all a perfect fit, but it was an interesting article with some merit and I can't seem to find it anywhere now
His overall argument that each bubble went significantly higher was correct though, and if the model holds, then the next bubble will be to the MOON with lambos for all !
not saying it's all a perfect fit, but it was an interesting article with some merit and I can't seem to find it anywhere now
His overall argument that each bubble went significantly higher was correct though, and if the model holds, then the next bubble will be to the MOON with lambos for all !
Gday all,
Some time ago, I read an interesting article that showed how each of the BTC bubbles followed a similar well-known pattern :
The point was, each BTC peak was way higher than the previous one - like orders of magnitude higher.
IIRC:
First peak went to a few cents,
2nd peak went to a few dollars,
3rd peak was quite a few dollars,
last peak was $20,000.
But each followed the same bubble pattern, just at different scales.
I cannot seem to find it now, hoping some knowledgeable reader can recall that specific article ?
Maybe that's why some posters predict the next peak ?
Kapyong
Some time ago, I read an interesting article that showed how each of the BTC bubbles followed a similar well-known pattern :
The point was, each BTC peak was way higher than the previous one - like orders of magnitude higher.
IIRC:
First peak went to a few cents,
2nd peak went to a few dollars,
3rd peak was quite a few dollars,
last peak was $20,000.
But each followed the same bubble pattern, just at different scales.
I cannot seem to find it now, hoping some knowledgeable reader can recall that specific article ?
Maybe that's why some posters predict the next peak ?
Kapyong
Well yes, there were sceptical voices - good job
But I meant not on this thread of optimists.
Meanwhile, BTC is rising nicely again.
I recall an article (that I can't find now) that showed the several previous BTC peaks as all having that classic pattern of slow rise, acceleration, peak, 2nd peak, fall.
This classic bubble pattern (I forgot the exact name of the original author):
The point was, each BTC peak was way higher than the previous one - like orders of magnitude.
First peak went to a few cents,
2nd peak went to a few dollars,
3rd peak was quite a few dollars,
last peak was $20,000.
Or something like that, hoping some knowledgeable reader can recall that specific article ?
Maybe on ZH ?
If he is right, the next bubble could be millions.
Which seems very unlikely, but maybe $100,000 ?
Kapyong
But I meant not on this thread of optimists.
Meanwhile, BTC is rising nicely again.
I recall an article (that I can't find now) that showed the several previous BTC peaks as all having that classic pattern of slow rise, acceleration, peak, 2nd peak, fall.
This classic bubble pattern (I forgot the exact name of the original author):
The point was, each BTC peak was way higher than the previous one - like orders of magnitude.
First peak went to a few cents,
2nd peak went to a few dollars,
3rd peak was quite a few dollars,
last peak was $20,000.
Or something like that, hoping some knowledgeable reader can recall that specific article ?
Maybe on ZH ?
If he is right, the next bubble could be millions.
Which seems very unlikely, but maybe $100,000 ?
Kapyong
Odd forum this one.
Most posters simply respond to the title, without even reading the OP, or checking the article or background etc.
So the majority of comments are ignorant nonsense - here we see endless comments about how good this is for BTC, without realising this movie is really BAD for BTC
Oh well
Most posters simply respond to the title, without even reading the OP, or checking the article or background etc.
So the majority of comments are ignorant nonsense - here we see endless comments about how good this is for BTC, without realising this movie is really BAD for BTC
Oh well
Gday again,
I made this post in the good times late November 2017 - as BTC rose rapidly through $10,000 USD.
By 7th December 2017 our estimates looked like this :
We were all totally wrong
No-one saw the crash of early 2018, nor the later crash either.
Bear that in mind when you make predictions
Kapyong
I made this post in the good times late November 2017 - as BTC rose rapidly through $10,000 USD.
By 7th December 2017 our estimates looked like this :
| Name | $20K | $50K | $100K |
| Kapyong | mid-late 2018 | 2019 | 2021-2 |
| thecodebear | April 2018 | 2018 | 2019 |
| Emelectrol | 2018 | 2018 | 2018 |
| HeRetiK | 2019 | 2022 | 2035 |
| Payne976 | 2018 | 2020 | 2021 |
| lili song | october 2018 | 2020 | 2023-4 |
| batang_bitcoin | eoy 2018 | 2019 | 2026 |
| btcney | 2018-20 | 2027? | 2037? |
| hydeevanz | 2019 | | |
| littlebill16 | autumn/fall 2019 | Spring 2021 | Summer 2022 |
| isov | 6.1.2018 | 17.6.2018 | 4.2.2019 |
| passwordnow | Feb.-March of 2018 | 2018+ | 2019 |
| DonFacundo | 2018 | 2020 | 2022-5 |
| errol94 | early March 2019 | | |
| fabiorem | December 2018 | | end of 2018 |
| | | | |
We were all totally wrong
No-one saw the crash of early 2018, nor the later crash either.
Bear that in mind when you make predictions
Kapyong
Re: Bitcoin price will hit $1 million in 2020 because of mathematics: John McAfee
His latest trick is to announce he has identified Satoshi, and will soon reveal him.
Or maybe not.
https://www.investinblockchain.com/mcafee-now-holds-off-with-satoshi-identity-reveal-says-it-can-risk-his-extradition/
"John McAfee recently tweeted that he was aware of Satoshi Nakamotos true identity, and said that he would soon reveal it. However, a new tweet by McAfee now has him say that he will not reveal the identity of Nakamoto, for fear of being extradited."
Or maybe not.
https://www.investinblockchain.com/mcafee-now-holds-off-with-satoshi-identity-reveal-says-it-can-risk-his-extradition/
"John McAfee recently tweeted that he was aware of Satoshi Nakamotos true identity, and said that he would soon reveal it. However, a new tweet by McAfee now has him say that he will not reveal the identity of Nakamoto, for fear of being extradited."