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As long as interest rates are kept from increasing, the feds printing gobs
of cash, and the stock market is continually propped up we will keep seeing
a decline/stagnation in btc. But believe me, when interest rates go up at
the end of this year it is going to cause a market crash like no other
because few people are ready for it and so many people have their life
savings invested heavily in it. We are on a runup bubble soon to be
greater than the 2009 and 1929 crashes. It is then that btc will skyrocket
as countries all around the world fail.
“Judgement day is inevitable” — Terminator
Loved it
This is such a disgrace for Stuart Scott. If you don’t know him, why are
you making it seem like he wasn’t important? Dude was a inspiration. Get
your information right.
All that capital capture invested into Bitcoin gained from the bubble is
mostly gone into laying critical economic foundations and development for
bitcoin. I helped fund it because I am one of the very important late
adopters. My 80 yr old dad called me one night after listening to Coast to
Coast and asked if I’d ever heard of Bitcoin and I said “yes” and he said
“do you know how to buy it and I said “no” and he said, well we better find
out before its too late. Two weeks later I bought three coins at ~$840
with Dad’s money. I remember telling Dad that if Bitcoin survived at all
it would be a wild ride. First thing I’ve been right about in my life.
How does the price effect the strength the network has gained in the past
18 months?
Thanks for this update Mad! It’s nice that you have this outlet to share
your thoughts verbally. It’s all original content where no one on earth
will have it aggregated exactly like you did here. It’s too bad the culture
isn’t geared 100% for tipping all content providers all the time & instead
expecting everything free. This only forces you & many others in the crypto
/BTC space into “finding a job” getting paid fiat especially when BTC
tanks. If it continues this pattern then Good Luck with your job prospects!
it’s inevitable; cheaper prices means more buyers, in order to get more
people to participate, the price needs to go down; it’s what the bitcoin
economy needs; it’s a good thing and so is getting a job.
There there MadBitcoins. I’ll always be here for you. $5.50 +ChangeTip
Wow Tom. During previous price drops you’ve been steadfast and assertive.
Not this time. This time it seems to have hit you hard. I hope you find a
way through it, as your show will be an invaluable archive in the decades
to come.
Again, Bitcoin is not currency. THe price does not matter, Its that we use
the fungibility of it, Which is better than its ever been!
Eventually, With smart contracts and alike, WHy will we need currency?
WHen were not manipulated by centrralised systems that dominate this world
to profit the few and we all get along as 1 race, WHICH IS WHAT WE ARE! WHy
the hell will we need currency? When people work together and love conquers
fear, We will truely be free.
Its just hard for people to realise the illusion a few have made and
everything we know is false! Periodic table = Platonic solids. Boarders =
farms for a few to squeeze. Patriotic bullshit must die
+ChangeTip 5 dollars.
Guys, don”t panic. The sell off is due to the upcoming tax season. Even
Peter Schiff called it. No worries buy as it dips down. I held back for
this. Just like silver and gold. Buy low…
When the bitcoin group failed to come last week I punched up the episode
from right in the middle of the bubble. Everyone was so enthusiastic and
you had a ton of guests. You were predicting 1500 dollar bitcoins by the
next week. Man how different things were then. I didn’t show up till a few
weeks after that and I spent several days in a deep depression since I
thought I had missed the boat forever. Then I sighed with regret and began
buying each month. Then during the dips I thought we had bottomed, and
dumped in some savings as well but then it would go even lower. All in all
I’ve lost my ass in 2014 (probably about 16 thousand so far). Sure I’m
pretty disgusted but I’m holding tight. I’m horrible at timing a market so
I’ll just continue as I have been, buying about 600 dollars worth each
month. Looks like I didn’t miss the boat after all. The boat circled back
and picked me up. There’s plenty of room for anyone to jump onboard now,
and I don’t think there’s any hurry. We probably won’t go back above 300
until summer.
That said, the network continues to grow and it’s building economic
bridges, allowing trade where it couldn’t exist before. Eventually the
price should come back (unless something drastic happens). It’s a risk but
I don’t think it’s a big one. All we need is time. In a couple years it’s
almost certain that we’ll be well above a thousand again.
But yes I wouldn’t try to support myself on bitcoin donations right about
now. We’re in a dark time and people are less willing to donate when the
price is so low. If you can get a side job I would highly recommend doing
so.
Stuart Scott is Dead and the Price of Bitcoin has…:
http://youtu.be/CyY_MtgGtLQ
Sure the price is down but am I the only one watching the volume. Dumps are
always followed by pumps.(you said it at 2:27 chip-up chipper.) The price
coming down will only mean more people coming in. The trend of bitcoin as a
search on google is only growing.