metals have a intrinsic value while bitcoins does not. i no longer trust bitcoin because it is, in my opinion, manipulated by whales and exchanges.your in the club or your not... their are predators out hunting for some poor newb who invests a bunch money into the scheme while they pump it and then they turn around and dump on them causing them to fear and dump their coins at a loss for their gain.. you trying to claim that is a system we can trust ?? this is my new opinion about bitcoin.
There is no such thing as intrinsic value.
Gold's utility value is pretty low and its current price is mostly speculative. Good luck with that.
gold will ALWAYS FOREVER be worth something... while paper ( stock, bonds, etc) and digital currency can go to zero.
gold's current price is manipulated down which means it is not it's true value... which is exactly why a person would want to buy them.
bitcoin is a pump and dump and i am hoping for good luck with it since i own a bunch of it.
And it will reach the price of aluminium once the private space industry starts mining asteroids. There is NO limit to the amount of gold in existence out there, math on the other hand.
I think btc will reach about $500 sustained price by 2020.
I think you're wrong by several orders of magnitude in one direction or the other. i.e. $50,000 or $5.
It will never crash for obivous reasons, but 50K seems too far fetched on that limited amount of time. My take is that by about 2025 we'll be at around 10 times the ATH (12K)
And just what exactly are those obvious reasons? Of course it could fail and the price crash to almost nothing. Bitcoin is still very early in the development phase so anything could happen.
Bitcoin is binary, it will either fade to nothing or be absolutely astronomical in price.
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Re: NASDAQ Bitcoin integration
by
bananaControl
on 14/05/2015, 16:22:59 UTC
Still just a test. If you think that the future of bitcoin is secured, you are an idiot indeed.
Last night's little dip happened minutes after my neighborhood BTC ATM closed for the night and I thought I'd missed out on the first decent buying opportunity since April. When I woke up and saw it had barely rebounded $2 overnight, I jumped at the chance.
Out of curiosity, what's the premium on those things?
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Re: What is your price speculation for BTC at the end of 2015?
Currently the biggest threat comes from FED, which will raise the rates for USD in late summer
Sure they will, because the US economy is totally ready for that. Not going to happen, like all the other times they bluffed. The US will see negative rates soon enough.
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Re: What is your price speculation for BTC at the end of 2015?
it's like the whale manipulators don't want anyone else to have any coins period and don't care how badly the price needs to be crushed to accomplish this ... the market cannot sustain several $5-$10-$20-$50 drops daily forever
Of course they don't give a flying fuck about bitcoin they just want to milk it as much as they possibly can, that's the free market for ya.
PS - Massive laugh in the face of all the trolls with their pathetic bleating "Wall street is not interested, they will never be interested blah blah blah blah blah" wrong, plain old fashioned just wrong.
Credulous bitcoin investors are still pouring more than 1 million of fresh sweat-earned dollars into the bitcoin system, every day. (How much more, no one knows.) All sort of smart guys, from "Wall Street" or not, are very much interested in pocketing some of that money. That is the only reason why Andreessen, Sielbert, the Winkles, and many, many other professional money skimmers have been investing in bitcoin enterprises...
So basically you are telling us that people are not investing to lose their money? That in fact one should only invest in things that you believe will be big one day? What a brilliant strategy indeed!
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Re: 100 bitcoins. Will I be a millionaire by 2020?
Can't decide if I should put another 2000 USD in bitcoin now, or wait and see if it goes even lower
Bitcoin could just as easily drop another $25, $50 or even $100. I would play careful. Only risk what you truly can afford to lose.
The estimate trading widget on BitcoinWisdom shows a single flash sale of 20,000 BTC would take the price sub $200.
20,000 BTC sell offs are not unheard of.
I'm a great believer in decentralization in the long run, so many of the problems of today can be solved by not having trusted 3rd parties. All these solutions will have to be powered by a crypto currency, and bitcoin still seems to be the obvious choice. I'm looking an the fundamentals and I'm buying to hold for years to come. But thanks for the warning
Can't decide if I should put another 2000 USD in bitcoin now, or wait and see if it goes even lower
i believe, this is right time to Buy (you can wait few more hours). panic sellers through it away,so possible down is $250...
sorry for the above post.
Already starting to go up a bit, though maybe just a dead cat. I'll take the plunge now and put it in cold storage. Here's for a fantastic 2015! Btw, you can just edit your posts.