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I would like to hear you undermine this claim of mine:
The only reason why somebody would go and exchange fiat for bitcoin right now (not counting speculation, store of value) is to spend it on Silkroad. Nobody in right mind would go and exchange it to btc only to buy something they could have bought instantly with traditional methods. And the only thing that they can't, are silkroad goods. YES if you already have bitcoins then you might use them on other stuff, if you mine, you will use them. But this is minority of people. I'm talking about general public.
I have actually bought legal stuff worth $2000+ with Bitcoins (that i bought with fiat) and it was not payable by traditional methods. I never mined any Bitcoins. The world is big
10K is very real for 2014!
Look at the charts ... we have 13$ at January and we'll hit 1300$ by the end of the year. That's a staggering 1000 times up!
So if we get 500 times up till Dec 2014 ... that's about 500K. Think about it...
It's never going back below 1000$, it's only up, up ... unless some drastic news screw it back to zero. But that will be the end of it!
Correction ... it's 100 times, not 1000 but you get the picture
I need to learn some of your Math. We could make good profits
Moving sideways for so long, it's boring now. Atleast there's some excitement because of Segwit2x and UASF.
The downtrend reversed very quickly. It's a real surprise. It will be difficult to stop the growth after it gains momentum in a few years. Only then we will see a real bubble.
This artwork depicts the spirit of Satoshi Nakamoto riding his epic honey badger mount. With no fucks left to give, they hurdle over the moon carrying trophies of the world's vanquished fiat currencies.
https://www.reddit.com/user/crayon_smellThis is an amazing picture.
If it stays here for the rest of the year, it will be good for Bitcoin price. Then we will see a massive explosion next year.
It's interesting to see that the price target of $6000+ by the end of October is coming true.
From the pool it looks like bears are in the majority. Looks like it's time for the bull market to start. Interesting days.