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Murs predicted the price of Bitcoin in 2014 - "I've got 50 Bitcoins worth about 100 Grand"

Murs predicted the price of Bitcoin in 2014 - submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Murs predicted the price of Bitcoin in 2014 - "I've got 50 Bitcoins worth about 100 Grand"

submitted by BitcoinAllBot to BitcoinAllTV [link] [comments]

Cost to mine 1 Bitcoin is now $14,000 USD. "Bitcoin Price Chart Fractal Seen in 2019 Hints at $14K Within Months". I bet BTC price ascends to $14,000 in next 30 days! NewYorkCoin (NYC) is a faster, no fee version of Litecoin since 2014! Official New York Coin nycoin.net | newyorkcoin.net

Cost to mine 1 Bitcoin is now $14,000 USD. submitted by hivewalletvictim to NewYorkCoin [link] [comments]

Congrats to Tim Draper for his 2014 price prediction of $10,000 for Bitcoin in 3 years when it was only trading then around $400.

Congrats to Tim Draper for his 2014 price prediction of $10,000 for Bitcoin in 3 years when it was only trading then around $400. submitted by clone4501 to btc [link] [comments]

remember: in 2014 , when Bitcoin development was lead by sane persons , fees were slashed when price increased a lot , to keep the normal tx fee in the cents ballpark . because an universal mean of value transfer was the whole idea .

remember: in 2014 , when Bitcoin development was lead by sane persons , fees were slashed when price increased a lot , to keep the normal tx fee in the cents ballpark . because an universal mean of value transfer was the whole idea . submitted by realistbtc to btc [link] [comments]

An Unconventional Truth: Gold prices since the fall of 2013 have tumbled from $1,900 per ounce to around $1,200. And Bitcoin was the world’s worst-performing currency in 2014, its value falling by almost 60%.

submitted by surreal_blue to Economics [link] [comments]

[Anno 2014]However, exchanges are able to create paper bitcoin and as demonstrated by the leaked MtGox data, non-existent fiat currency was created in MtGox's database and used to run up the price of Bitcoin before the MtGox collapse.

Quote:
"Bitcoin has not developed an options or derivatives market yet. However, exchanges are able to create paper bitcoin and as demonstrated by the leaked MtGox data, non-existent fiat currency was created in MtGox's database and used to run up the price of Bitcoin before the MtGox collapse. Bitcoin will likely become subject to the same manipulations and worse."
"An exchange can add a Litecoin to an account in a database and then a user can sell that Litecoin. The litecoin may not exist and the exchange may have to buy the litecoin, to cover a withdrawal. An exchange with withdrawal limits or withdrawal fees, engaged in heavy manipulation, may be solvent indefinitely. An exchange, suffering insolvency may silently and secretly haircut a fraction of users balances and there is no indication to the user that it even occurred. There is no way to prove that reports of stolen funds are real, instead of an anonymous attack on honest exchanges by dishonest competitors."
...A project from 2014 over at Bitcointalk wrote that.
The same line could be used now, 4 years later just with Tether.
submitted by BobUltra to Buttcoin [link] [comments]

56% of Bitcoiners Believe the Bitcoin Price Will Reach $10,000 in 2014

56% of Bitcoiners Believe the Bitcoin Price Will Reach $10,000 in 2014 submitted by Lazboarder to Bitcoin [link] [comments]

This graph shows Bitcoin price and volume (ie, blocksize of transactions on the blockchain) rising hand-in-hand in 2011-2014. In 2015, Core/Blockstream tried to artificially freeze the blocksize - and artificially froze the price. Bitcoin Classic will allow volume - and price - to freely rise again.

The graph below tells you everything you need to know about the way that Bitcoin price and volume normally always move in lockstep, tightly correlated with each other - until Blockstream tragically tried to interfere starting around 2015:
https://imgur.com/jLnrOuK
http://nakamotoinstitute.org/static/img/mempool/how-we-know-bitcoin-is-not-a-bubble/MetcalfeGraph.png
(There is a typo in the legend of the second graph linked above: "Bitcoin market map" should say "Bitcoin market cap[italization]".)
Bitcoin's "Metcalfe's Law" relationship between market cap and the square of the number of transactions
https://np.reddit.com/Bitcoin/comments/3x8ba9/bitcoins_metcalfes_law_relationship_between/
https://np.reddit.com/btc/comments/3x8mmc/bitcoins_metcalfes_law_relationship_between/
How We Know Bitcoin Is Not a Bubble
http://nakamotoinstitute.org/mempool/how-we-know-bitcoin-is-not-a-bubble/#selection-59.4-68.0
(Scroll down to see the graph - also note there is a typo in the legend: "Bitcoin market map" should say "Bitcoin market cap[italization]".)
Without artificial limits, Bitcoin volume and price are naturally and tightly correlated.
This tight, lockstep correlation between those two lines during 2011-2014 has been absolutely amazing - one of the tightest correlations you'll ever observe in any dynamic system anywhere, in economics, sociology, or nature.
Price and volume rose (and fell) hand-in-hand for 4 years straight - one of the most majestic examples of emergent phenomena in the whole history of economics.
Left to run its natural course, this graph would probably have continued in lockstep, and thus would have eventually gone into the history books of future generations, marking the inexorable emergence and dominance of the cryptocurrency known as Bitcoin - the inevitable triumph of humanity's first decentralized and permissionless store of value, medium of exchange, and unit of account - steadily rising through the years in price and volume - and in usefulness.
Then in late 2014, a new company called Blockstream tried to block this natural progression.
The oligarchs behind the ancien régime of debt-backed, violence-enforced infinite fiat thought they had figured out a clever way to attempt to make their last pièce de résistance while making some money too.
They brought out their their usual grab-bag of assorted dirty tricks which they typically use to take down any new social or economic or political movement that promises to liberate people from the stranglehold of private central bankers:
So far, Blockstream thinks they're winning in their battle to control Bitcoin.
  • They succeeded (during 2015) in splitting the community, maybe even creating even a few more useful idiots in the process.
  • They succeeded (during 2015) in suppressing the price: as you can see by observing how the lockstep correlation between price and volume diverged in 2015, with the price now lagging and sagging below the volume for the first time ever.
https://imgur.com/jLnrOuK
But can they keep spreading around their fiat and FUD to continue fooling all the people all the time?
Probably not. Because...
Now you can choose to run a repo without Blockstream's artificial scarcity on blocksize and transactions on the blockchain.
Now, instead of running the Bitcoin Core repo from Blockstream, you can run any one of these another tested and deployed repos, which do not artificially limit the blocksize to 1 MB:
Bitcoin is a natural, market-based and community-based, emergent phenomenon.
At its heart, in the words of Satoshi Nakamoto, Bitcoin is a P2P Electronic Cash System where Alice "A" can send to Bob "B" some amount of Coins "C", secured via a cryptographic signature.
It may come as a shock to certain people's egos, but even if most of the devs were to suddenly stop working now - the current system would probably work fine for the next few years - with investors and businesspeople continuing to gradually increase the price and volume in accordance with the desires of the worldwide market, and miners and full-nodes continuing to gradually increase the "max blocksize" in accordance with the capacity of the worldwide infrastructure - and everyone continuing to innovate and participate in the growth of the system in accordance with the desires of the worldwide community.
Bitcoin doesn't really need a whole lot of interference from devs trying to centrally plan what the "max blocksize" should be - or mods trying to centrally control what the "consensus of opinions" should be. These kinds of things are better left to just naturally emerge on their own.
Central planning and control are not needed.
As we have already seen, when the market is allowed to determine Bitcoin price and volume on its own, they both naturally go up, hand-in-hand - while the value of centrally-planned fiat goes down and and down.
And when the community is allowed to determine upvotes and downvotes on its own, the quality of debate naturally goes up - while the quality of centrally-controlled debate on censored forums goes down and down.
We all know that Bitcoin is supposed to be trustless and permissionless.
Bitcoin development should also be egoless.
As a dev or a mod, it's hard to "step aside" and let the market or the community decide. It's much more tempting to interfere: enforce a limit here, delete a comment there.
But the market and the community are emergent phenomena. They work best when devs and mods learn to put aside their egos and "step back" and let the market and the community do what they will.
This is the raison d'être of Bitcoin Classic, Bitcoin Unlimited, and Bitcoin XT: learning to let the market and the community decide again - learning to step back again, and let the price and volume go up again, with no unnecessary interference from devs or mods.
https://imgur.com/jLnrOuK
submitted by ydtm to btc [link] [comments]

For the those who keep asking for "the math" on remittances: World Bank remittance prices information site shows that the average cost of remittance globally is at an ALL-TIME LOW of 7.9% in 2014. At 1% to 3%, Bitcoin Rebittances cut these numbers by more than half.

For the those who keep asking for submitted by Godfreee to Bitcoin [link] [comments]

Tim Draper predicts 2018 price of Bitcoin live on TV in 2014! (Yeah 10k$ was his prediction) - Article from 2016 can't see it happening

Tim Draper predicts 2018 price of Bitcoin live on TV in 2014! (Yeah 10k$ was his prediction) - Article from 2016 can't see it happening submitted by dlevel7 to CryptoCurrency [link] [comments]

In 2014, 50 crypto experts were asked to predict the price of Bitcoin in 2015. Predictions are REALLY hard.

In 2014, 50 crypto experts were asked to predict the price of Bitcoin in 2015. Predictions are REALLY hard. submitted by 6maud to btc [link] [comments]

56% of Bitcoiners Believe the Bitcoin Price Will Reach $10k in 2014

56% of Bitcoiners Believe the Bitcoin Price Will Reach $10k in 2014 submitted by Techius2 to Buttcoin [link] [comments]

r/Bitcoin tiny poll. no bs. guess the price of 1BTC in USD on Dec. 31, 2014:

Bitcoin tiny poll. no bs. guess the price of 1BTC in USD on Dec. 31, 2014: submitted by bitcoinatmguy to Bitcoin [link] [comments]

@Aztek_btc probable, bitcoin lost 90% of its price in 2014 cycle but id expect a 80% atmost now which would put it… https://t.co/r91hZd5wIl - Crypto Insider Info - Whales's

Posted at: March 27, 2018 at 04:45PM
By:
@Aztek_btc probable, bitcoin lost 90% of its price in 2014 cycle but id expect a 80% atmost now which would put it… https://t.co/r91hZd5wIl
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submitted by cryptotradingbot to cryptobots [link] [comments]

Congrats to Tim Draper for his 2014 price prediction of $10,000 for Bitcoin in 3 years when it was only trading then around $400.

Congrats to Tim Draper for his 2014 price prediction of $10,000 for Bitcoin in 3 years when it was only trading then around $400. submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Congrats to Tim Draper for his 2014 price prediction of $10,000 for Bitcoin in 3 years when it was only trading then around $400.

submitted by BitcoinAllBot to BitcoinAllTV [link] [comments]

CoinDesk: 56% Of Bitcoiners believe the Bitcoin price will reach $10,000 in 2014 - What does this mean for Litecoin? Discuss!

Article: http://www.coindesk.com/56-of-bitcoiners-believe-bitcoin-will-reach-10000-in-2014/
Hey all,
If Bitcoin were to be $10,000 in 2014... how much do you think LTC would be worth? I'd say around the $300-$500 range (conservatively).
What do you think the range would be?
submitted by daveisnotafk to litecoin [link] [comments]

remember: in 2014 , when Bitcoin development was lead by sane persons , fees were slashed when price increased a lot , to keep the normal tx fee in the cents ballpark . because an universal mean of value transfer was the whole idea .

remember: in 2014 , when Bitcoin development was lead by sane persons , fees were slashed when price increased a lot , to keep the normal tx fee in the cents ballpark . because an universal mean of value transfer was the whole idea . submitted by BitcoinAllBot to BitcoinAll [link] [comments]

What made the price of Bitcoins raise like hell and what made it go down to half of that in 2014?

What made the price of Bitcoins raise like hell and what made it go down to half of that in 2014? submitted by DeepDough to btc [link] [comments]

An Unconventional Truth: Gold prices since the fall of 2013 have tumbled from $1,900 per ounce to around $1,200. And Bitcoin was the world’s worst-performing currency in 2014, its value falling by almost 60%.

An Unconventional Truth: Gold prices since the fall of 2013 have tumbled from $1,900 per ounce to around $1,200. And Bitcoin was the world’s worst-performing currency in 2014, its value falling by almost 60%. submitted by PostNationalism to economy [link] [comments]

What made the price of Bitcoins raise like hell and what made it go down to half of that in 2014?

What made the price of Bitcoins raise like hell and what made it go down to half of that in 2014? submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Update - just buy $1 worth of bitcoin please ... How is the price of Bitcoin determined? (FAQ) My Target Bitcoin Buy-In Price A Brief History of Bitcoin in 5 Minutes Bitcoin price prediction $5000 in 2014

Apr 2014: $340 — $530: The lowest Bitcoin Price since the 2012-2013 Crypriot financial crisis had been reached at 3:25 AM on 11 April: May 2014: $440 — $630: The downtrend first slow down and then reverse, increasing over 30% in the last days of May. Mar 2015: $200 — $300: Bitcoin Price fell through to early 2015. Early Nov 2015: $395 — $504: Large spike in Bitcoin Price from 225–250 ... Bitcoin price (BTC) Add to Watchlist $ 13,070.01 +0.56%. 1h. 24h. 1w. 1m. 1y. all. $0.0000 January 1 12:00 AM. 10:56 AM 3:06 PM 7:17 PM 11:27 PM 3:38 AM 7:48 AM. Market cap $ 242.4B. Volume (24 hours) $ 23.6B. Circulating supply 18.5 M BTC. About Bitcoin. The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain ... Weekly Bitcoin Price Recap September 21. The week started on September 21, 2014, at $410. On the first day of the week, the Bitcoin price fluctuated continuously between the low $400s and the high $390s. At one point, during the 5 PM hour, the price hit an hourly low of $390. The first day of the week ended at $404. Bitcoin Closes on First February Price Loss Since 2014. Bitcoin is close to ending February on a negative note for the first time in six years. The biggest cryptocurrency by market value is ... Bitcoin Price in 2014. The price of Bitcoin in USD is reported by Coindesk. All prices on this page are nominal (i.e., they are not indexed to inflation). For price history since Bitcoin was first traded on exchanges in 2010, click here. Bitcoin Price Chart, 2014 This graph shows the conversion rate of 1 Bitcoin to 1 USD at the first of each month. Bitcoin Price in 2014 ($) Bitcoin Price Table ...

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Bitcoin Update - just buy $1 worth of bitcoin please ...

Here's the price point at which I'll purchase some more Bitcoin with the cash that I have set aside. Let me know what you think and what you think the ultimate "bottom" price of Bitcoin will be. A video on the future price of Bitcoin, and prediction of the value of cryptocurrency technology at large. I've included my favorite model, illustrating a de... Look for the price of lotto ticket you can hold bitcoins for 10 years and become a millionaire it's time you stop living in fear. If it goes to zero you lose... 5/3/2014 MIT Building 26 Room 100. MIT Bitcoin Expo: James D'Angelo speaks about the future of bitcoin to MIT students. Some really interesting points he bro... Shortly after the price of one Bitcoin reaches $200 for the first time, the price quickly begins to decline. 8. Feb 2014 The world’s largest Bitcoin exchange Mt.Gox went offline, and the owners ...

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