Legendary Bitcoin Trader “masterluc” Predicts $15,000 Bitcoin This Year

[XRPage]

John McAfee might be right after all... 

https://cointelegraph.com/news/legendary-bitcoin-trader-masterluc-predicts-15000-bitcoin-this-year

[kuyu]

McAfee is pretty whacked and not exactly a gauge to measure your investments by. 

The big Bitcoin players are flush with money and are rushing over each other to promote this ponzi like mechanism which has made them millionaires. Bitcoin has zero intrinsic value and is an outdated, outclassed system. Worthy as it may be in historical terms, the bigger it gets the more problems will arise. In any case...i'm ranting and much has already been said on the subject. Their significant worry should be, how big does the bitcoin madness need to get, before it gets squashed by regulation. 

Even if one forgets about regulation. Bitcoin needs to keep growing indefinitely in order to survive. This is due to its usage limitations, which are actually brought about by its base technology. This, Bitcoin cannot overcome in any way, which would not significantly impact its current market dominance and its stability. How can i put it .. hm... without a paradigm shift!  So it will simply not. The miners recently exhibited for everyone to see, their tight control of the situation. Out the window with decentralization also.. because remember, that decentralization does not only refer to data handling, but also of power and interests. 

Furthermore, since Bitcoin needs to constantly attract new people, this implies that it will eventually stop and crash. The larger it gets, the bigger the crash will be. This is also obvious. As for the argument that "this has never happened before", "this is a new age", "bitcoin cannot be compared to history of other assets" etc. etc. This argument is silly. The reason being that despite the asset, systems or whatever changing, people remain inherently the same - In their efforts, greed and striving to become wealthy, or wealthier. Greed and power my friends, are the most sinister of cousins. 

This entire situation is reminiscent of the story of the fiddler luring children away and I do think it will end in a bloodbath. But that's just me..

 

[tulo]

2 hours ago, kuyu said:

Bitcoin has zero intrinsic value

You're wrong...since it's the most known, the highest volume and the highest market cap, it is used as bridge currency for all other crypto. The easiest way to buy other crypto is to buy BTC and then trade for SH!TCOINS...so it actually has a usage

[Guest]

no but technically he's right (tho i dont disagree with what you said tulo re: usage as a crypto-bridge kinda) – there is NOTHING with intrinsic value, all value is extrinsic and applied subjectively by humans

[tulo]

3 minutes ago, zerpdigger said:

no but technically he's right (tho i dont disagree with what you said tulo re: usage as a crypto-bridge kinda) – there is NOTHING with intrinsic value, all value is extrinsic and applied subjectively by humans

We need to push XRP to be the crypto-bridge in exchanges. Imagine a manual arbitrageur that want to take advantage of unbalanced prices on exchange...with BTC he has to wait 30 min and probably the oppurtunity is gone.

But to achieve it, XRP should be:

• Easy to buy without going via BTC. This is still an hard task.
• Be a principal market on Poloniex with BTC, ETH, XMR and USDT (actually better if it replaces the useless XMR)
• More ???

[Guest]

6 minutes ago, tulo said:

 

• Easy to buy without going via BTC. This is still an hard task.
• Be a principal market on Poloniex with BTC, ETH, XMR and USDT (actually better if it replaces the useless XMR)
• More ???

 

yeah... lots:

more transparent distro/scheduling

better decentralisation of xrp ledger

aggressive marketing

get rid of ridiculous account fees (pay to use wtf?!?!)

more ilp integrations to open doors to xrp

completion of features: escrow, paychan, etc

etc etc

[Hodor]

4 hours ago, AlvaroXRP said:

John McAfee might be right after all... 

https://cointelegraph.com/news/legendary-bitcoin-trader-masterluc-predicts-15000-bitcoin-this-year

The $500,000 prediction is John McAfee's.  

@BBS  Thanks for posting - I'd read the Wired biography piece, but I'd never seen that video.  (And now I can't un-see it)

[XRPage]

2 minutes ago, Hodor said:

The $500,000 prediction is John McAfee's.  

@BBS  Thanks for posting - I'd read the Wired biography piece, but I'd never seen that video.  (And now I can't un-see it)

I know, but if this guy says that BTC can reach $100,000 by 2019, John McAfee's prediction of $500,000 in 3 years might be even possible. That's what I meant...

[Hodor]

Just now, AlvaroXRP said:

I know, but if this guy says that BTC can reach $100,000 by 2019, John McAfee's prediction of $500,000 in 3 years might be even possible. That's what I meant...

I'm not sure about individual coins, but I definitely subscribe to the entire market reaching 1-5 trillion in the next two years.  That's the prediction that's exciting to me, and XRP is there to benefit as well. 

That will benefit a company that's building a global payments network.  Which will in turn benefit the utility of its token, which will in turn benefit the value of the token, which will in turn provide more for the company, which will in turn allow the company to do more, which will in turn benefit the utility of its token, ....

virtuous circle time!

[Hodor]

34 minutes ago, tulo said:

We need to push XRP to be the crypto-bridge in exchanges. Imagine a manual arbitrageur that want to take advantage of unbalanced prices on exchange...with BTC he has to wait 30 min and probably the oppurtunity is gone.

I agree with this. 

[XRPage]

9 minutes ago, Hodor said:

I'm not sure about individual coins, but I definitely subscribe to the entire market reaching 1-5 trillion in the next two years.  That's the prediction that's exciting to me, and XRP is there to benefit as well. 

That will benefit a company that's building a global payments network.  Which will in turn benefit the utility of its token, which will in turn benefit the value of the token, which will in turn provide more for the company, which will in turn allow the company to do more, which will in turn benefit the utility of its token, ....

virtuous circle time!

If I recall correctly, I believe the 5 trillion market was predicted by an analyst to be reached in 5 years. I can see 1trillion in 1-2 years for sure. Well, if we are at 1.4 trillion in 1 or 2 years, that means 10x current market cap. I will be very happy if my protfolio is 10x what it is right now... 

Edited August 16, 2017 by AlvaroXRP

[kuyu]

On 8/16/2017 at 4:19 PM, zerpdigger said:

no but technically he's right (tho i dont disagree with what you said tulo re: usage as a crypto-bridge kinda) – there is NOTHING with intrinsic value, all value is extrinsic and applied subjectively by humans

Sorry I am going through these posts kinda late, but I thought this is an interesting point. Well how I see it. 

All things have intrinsic value, which of course as you've noted, is subject to human perception. Having said that, it doesn't mean that we cannot ourselves objectively evaluate the "intrinsic" value of an item, good, service etc. We can do so on a number of categories and/or properties of the item. For cash, value transfer tools, a major one is its proven as well as perceived utility, Bitcoin does not fare very well.

Firstly I think we all agree (or majority), that Bitcoin is outdated. I mean seriously...it was a proof of concept. It should never have been allowed to grow this much. 

Secondly, it is totally centralized, monopolized and power and interests are silo-ing. Then came Bitcoin Cash, and now prospect of another one hard fork coming right up. Seriously, how many of these forking shenanigans will it take ?? Really.. Not to mention that with the fluctuations of mining profitability between Bitcoin blockchains... jeez.. It's a nightmare scenario. 

Thirdly, Bitcoin comes with significant costs, risks and transaction delays - all increase the bigger Bitcoin gets -. Furthermore, it does not come with a unified system to which end points can latch on. In fact it is more a ad-hoc solution, of the type "I accept Bitcoin for purchases"...but it it does not integrate the remaining key market players effectively. This feeds into the fact that it is unsustainable, as given the current costs/risks to a potential average user who buys today (inexplicably), so that he/she can later trade for goods or services (?? - who even does this??), the only way this could be justified, is if Bitcoin was guaranteed to appreciate for all time !!  I mean,  someone shouldn't need to point out that this is a VERY VERY serious problem, and that it is totally and completely, destined to collapse. 

Sooo..ehm..sorry I want to continue on this point because I think it is extremely interesting...but still at work... In any case, for something like Ripple and XRP to be this far ahead in acceptance, I think any level of success they might achieve, it will be noteworthy and monumental in vision. I've stated it elsewhere in this forum. A good deal of books will likely need to be re-written. 

Edited August 22, 2017 by kuyu

[Guest]

This is complete nonsense.