Mt. Gox (Bitcoin) goes down

Discussion in 'BS Forum' started by soxxx, Feb 25, 2014.

  1. GordonGecko

    GordonGecko Well-Known Member

    Joined:
    Aug 14, 2009
    Messages:
    3,191
    Likes Received:
    929
    say what? that's the classic sign of the peak of a bubble, when your mother in law is asking you if she should invest (this happened to me, as well as my colleague's sister). Those accounts are basically stupid money, they are going to get cleaned out and the smart money will buy their coins on the cheap. But like I said most of the other crypto startups will be virtually worthless
     
  2. NotSatoshiNakamoto

    Joined:
    Oct 6, 2011
    Messages:
    16,291
    Likes Received:
    7,526
    I don't think it's unreasonable to think Bitcoin could pass 20k in the next month. I also wouldn't be surprised if it got under 10k.

    I agree most of the alt coins will end up worthless but there's good technology being built that solves real world problems.

    What did you tell your mother in law? Lol
     
    #322 NotSatoshiNakamoto, Jan 11, 2018
    Last edited: Jan 11, 2018
  3. SOXXX2

    SOXXX2 Active Member

    Joined:
    Nov 25, 2017
    Messages:
    165
    Likes Received:
    70
    Ok, so where will we be at in 2 months from now?

    Cliff Highs web bot showed $13,888 in February and then in February the big moves happen, and he has been saying that since before Bitcoin was even $1000.....and its looking accurate....

    And yeah it might crash one day, but thats probably not for another twenty years perhaps, if not longer. Its still very early, and mass adoption wont even begin for a couple more years. When 5% of the world owns Bitcoin then we can evaluate what its long term future may be, but right now it is at .3% of the world so I don't see any crash happening, at least not for a couple years if not decades.
     
    #323 SOXXX2, Jan 11, 2018
    Last edited: Jan 11, 2018
  4. SOXXX2

    SOXXX2 Active Member

    Joined:
    Nov 25, 2017
    Messages:
    165
    Likes Received:
    70
    Here is a video from 11 months ago, when Bitcoin was $1000, his Web Bot found that Bitcoin would be around 13k (that number kept popping up in discussion around February of 2018, $13,888 to be exact). Well now here we are ALMOST a full year later and Bitcoin is around that number. Now his Web Bot has found people discussing both 64k and 100k in 2018, and 1.25 million in 2020. He has been saying this forever now; the tidal wave begins in February, so for the naysayers, buckle up, you have not seen anything yet.

    15 seconds


    And keep things in perspective, most people thought 10k was a reach for the beginning of 2018, we are well past that.....I do expect 100k this year, just like I expected 13,888 in February of 2018.
     
  5. NotSatoshiNakamoto

    Joined:
    Oct 6, 2011
    Messages:
    16,291
    Likes Received:
    7,526
  6. NotSatoshiNakamoto

    Joined:
    Oct 6, 2011
    Messages:
    16,291
    Likes Received:
    7,526
    http://www.businessinsider.com/bitcoin-price-explosion-wall-street-spends-bonuses-2018-1
     
    #326 NotSatoshiNakamoto, Jan 12, 2018
    Last edited: Jan 12, 2018
    cgrec likes this.
  7. SOXXX2

    SOXXX2 Active Member

    Joined:
    Nov 25, 2017
    Messages:
    165
    Likes Received:
    70
    He has been pretty good with Crypto, his real world stuff, I don't listen to, although his web bot did hit with all the sexual assault allegations coming out in November/December....

    But as far as Crypto goes it has been good.
     
  8. SOXXX2

    SOXXX2 Active Member

    Joined:
    Nov 25, 2017
    Messages:
    165
    Likes Received:
    70
    240,000 people joined Binance in one hour after it reopened its door to sign up.....

    (still cant link yet, just search binance)
     
  9. cgrec

    cgrec Well-Known Member

    Joined:
    Mar 1, 2012
    Messages:
    568
    Likes Received:
    404
    Good day for Cardano
     
    NotSatoshiNakamoto likes this.
  10. NotSatoshiNakamoto

    Joined:
    Oct 6, 2011
    Messages:
    16,291
    Likes Received:
    7,526
    43% increase on the day - not too shabby. Wait until ouroboros is ready.
     
    #330 NotSatoshiNakamoto, Jan 12, 2018
    Last edited: Jan 12, 2018
  11. Ralebird

    Ralebird Well-Known Member

    Joined:
    Sep 25, 2012
    Messages:
    3,590
    Likes Received:
    2,028
  12. NotSatoshiNakamoto

    Joined:
    Oct 6, 2011
    Messages:
    16,291
    Likes Received:
    7,526
    Isn't all currency "faith based"? The difference is there's no central banker who can devalue your currency by printing as much as they want.
     
  13. Ralebird

    Ralebird Well-Known Member

    Joined:
    Sep 25, 2012
    Messages:
    3,590
    Likes Received:
    2,028
    Not really. There are things like transparency, history, the SEC, FDIC, etc. and at least a degree of accountability by governments.
     
  14. NotSatoshiNakamoto

    Joined:
    Oct 6, 2011
    Messages:
    16,291
    Likes Received:
    7,526
    If you say so. The federal reserve is not transparent and our representatives are hardly held accountable. The idea that they are is laughable to me.

    Every transaction on the blockchain is public information - the entire accounting ledger free for everyone to see. It just doesn't give you the WHO.

    In one situation your faith lies in a corrupt government, in the other your faith lies in a global network of participants holding each other accountable. The degree to which the government is corrupt obviously varies, but ours certainly is not above that. If you think it is ask yourself how solvent that mandatory social security fund you've been contributing to your entire life is (just one example).
     
    #334 NotSatoshiNakamoto, Jan 13, 2018
    Last edited: Jan 13, 2018
  15. NotSatoshiNakamoto

    Joined:
    Oct 6, 2011
    Messages:
    16,291
    Likes Received:
    7,526
    ETH over 1400 now.
     
  16. SOXXX2

    SOXXX2 Active Member

    Joined:
    Nov 25, 2017
    Messages:
    165
    Likes Received:
    70
    Afterburner.
     
  17. SOXXX2

    SOXXX2 Active Member

    Joined:
    Nov 25, 2017
    Messages:
    165
    Likes Received:
    70
    Afterburners.

    It will go through the 1000s like Bitcoin did, and actually it's moving much faster than Bitcoin did.
     
  18. Ralebird

    Ralebird Well-Known Member

    Joined:
    Sep 25, 2012
    Messages:
    3,590
    Likes Received:
    2,028
    Hmmm. And what is the name and address where process may be served if one's funds may have been met with irregularities, provided, of course, that there was a way to determine same?
     
  19. NotSatoshiNakamoto

    Joined:
    Oct 6, 2011
    Messages:
    16,291
    Likes Received:
    7,526
    I don't understand your question.
     
  20. BrowningNagle

    BrowningNagle Well-Known Member

    Joined:
    Nov 12, 2003
    Messages:
    10,946
    Likes Received:
    9,410
    The blockchain prevents irregularities
     

Share This Page