IS THE PEOPLES CURRENCY REVOLUTION AT HAND? (IT COULD BE) WILL EARLY ADOPTERS REAP UNTOLD RICHES? (MANY ALREADY HAVE) OR WILL FRAUD - AND THE POWERS THAT BE - (YEP, CERTAINLY THE ENEMIES) CRASH CRYPTOCURRENCIES TO ZERO? (IT COULD JUST HAPPEN)

Ray-Ban's That VIDEO, PHOTO AND AUDIO For Under 300 Bucks - CLICK The Icon Below

Showing posts with label bitcoin. Show all posts
Showing posts with label bitcoin. Show all posts

Friday, December 10, 2021

Could Craig Wright Say F-U To Bitcoin And SELL A MILLION?

 To a casual observer like myself - it seems that Craig Wright has been kicked around forever about his declaration that he is the inventor of Bitcoin. It seems with the verdict in - that he has an ample chance to prove his relevance once more. What if in the wee hours the wallets of the original miner becomes active? What if it is easy to see that someone wants to raise 100 million RIGHT NOW in Bitcoin sales to some stable coin? What might that do to the price of bitcoin? What if someone decided to sell 1,000,000 coins? Could it crash a market? Would it be an ultimate F-U to all the naysayers?

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Some of the various reactions to the verdict:

https://www.nbcmiami.com/news/local/miami-bitcoin-trial-defendant-wins-dispute-over-50b-in-bitcoin/2635479/

https://fortune.com/2021/12/07/craig-wright-bitcoin-inventor-satoshi-nakamoto-wins-lawsuit-billion-crypto-fortune/

https://www.coindesk.com/business/2021/12/08/there-was-no-satoshi-nakamoto-lawsuit/

https://www.bbc.com/news/business-59571277

https://www.cnbc.com/2021/12/06/miami-jury-rules-in-favor-of-craig-wright-bitcoin-claimed-inventor.html

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So, the slippery slope has begun with NEVER having the right to smoke in New Zealand - read about it HERE - this despite over 30% of indigenous still being smokers. Barfstew for sure.

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Barfstew Beauties

Swimsuit Hottie

Four Blondes

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More Barf Soon


Friday, November 26, 2021

Could 'Bitcoin' Plunge IF Craig Wright Declared Liable In Legal Case?

 Markets Plunging - Barfstew Returns

With everything plunging in price today - from the stock market to the crypto market - might it be a prelude to the real fireworks about to happen? Could the long fighting in the crypto community about who is Satoshi Nakamoto finally be coming to an end with naysayers having to eat their words? What if Craig Wright loses the lawsuit and indeed SELLS from an original wallet of BTC, what would THAT do to the price? What if, somehow, someway legally, he gets everyone to call Bitcoin SV.... Bitcoin? 

Is it time for Tether to blow up yet?

It's Either A GREAT Day Or Horrible Day To Get Some Bitcoin - Click Below to FINALLY Buy Some - My Coinbase Link - buy or trade 100 dollars of Bitcoin within 90 days and we both get a bonus.

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Barfstew's Slightly Perverse Lighter Side 2021

https://i.redd.it/2swymetndrv31.jpg

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Nothing less than the 22 Parallel Universe Theory - an excerpt>

I've been working on for many years for it to be included in my 22 Parallel Universe Theory. I'm aware much of my research is so far ahead that many must think I'm insane or a genius. I'd rather think of myself as someone that tries to figure things out that others refuse to even attempt. With that much of my research, it doesn't matter to me that no one has ever spoken of it, written about it, or given it a name. 

Right. You can dig deeper right here - the 22 Universe Theory - Barfstew?

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Speaking Of Parallel Universes

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And, finally for today - a retro picture.
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYnJkMgRUQtB9-3Y-4HfZ1q-TTO3OW5SGZPRuYRyxSyz1_aCQDYrxV-MTi3pd4zlpv6vmfPyOpW1DNEzI-LX6IOsZ7OzQ95X77TUQX40kZddKYSxsuCEKsg40hxyeq53FamHEBPmstFtWJ/s1600/prepared.jpg

How About A Couple More?

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And, How About Some Real Barfstew?
All Of 600 Views In a Year

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Thanks for reading and being here - the return has begun.

Monday, January 20, 2020

Craig Wright - Liar or Billionaire

One enduring mystery is the origins of Bitcoin - the earliest moments. As you are probably aware, "journalists" a couple years ago, had their investigations point to Craig Wright as the original Satoshi Nakamoto. Bedlam ensued with "Prove It" being the general consensus of the crypto community.

But things have been evolving - even the courts have been involved - even court judgments have been made. Now..since most readers of Barfstew are less than up on the minutia of Bitcoin saga.... here's some links to catch you up.
"According to Wright, he has chosen the name Nakamoto in honor of Tominaga Nakamoto. The handwritten note compares him to Adam Smith, who is by many regarded as the father of modern economics." He explains the name Satoshi too at the above link. In addition, he informed the interviewer that in the court he couldn't repay the 500,000 Bitcoin judgement until he had the Keys to unlock the initial mined Bitcoins - which will become known as the "Tulip Trust".
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This is a longer interview covering lots of points.
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The countdown is on.
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As Bitcoin Hovers Around 9,000
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In Other Barfstew
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With 400 Conspiracies Highlighted
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Paranormal BS (Barfstew) - A Diet Staple
With Video... I heard absolutely nothing.
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Yes...The Lurid Links Are At The Bottom Of The Page...But..the pretty girls of Barfstew are below.

Wednesday, December 26, 2018

Can CryptoCurrencies Still Increase 1000 Fold?

Lots of Bit-Stew here in this two minute read which even features Buterin being misquoted or interpreted. (I recently heard Buterin...he speaks evidently...perfect english without any accent I could detect.) 1000 Times Your Money? - You can invest in crypto on this very page....look for the links at the top and bottom of the page.
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How about a fun read? Congratulations On Your Promotion To The Position Of My Boyfriend - all about relationship expectations... very humorous.

It's You
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Heavy Art
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Find the Archive
Never Return

Tuesday, December 18, 2018

Will 1.50 Ripple Dethrone Bitcoin For King Of Crypto?

Boy how things have changed, right? Not too long ago - I was speculating that it would take Ripple priced at 8.00 to catch Bitcoin in market value.... then the slide in value - and now, Ripple's marketcap is $13,719,000,000 and it sells for  $0.336000 - yes, 33 cents. Bitcoin as of this moment is at $62,221,647,714 $3,569.78 ,,,,,, So...a 5 fold increase gives the world a new leader...will it happen?
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Speaking about Barfstew.... the woman in the picture below generated this story with her actions (banned in Europe?) ...

Image of Oral Sex Woman
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Is This A Ghost Caught On Camera?


Or...Barfstew.
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Thanks for your attention - Enjoy The Archive

Wednesday, January 31, 2018

Bitcoin 10,000.00 Last Time - UP Or DOWN?

If one thing is certain..it's that the crypto market is THE wild wild west... and now with futures...and a look at what constitutes real value...the hard reality is that Bitcoin may or may not be ready for the BIG time - as this is being posted...10,000 dollars USD seems to be the new bottom or last hurrah with 5 figures as the top.... a trend almost impossible to know the outcome of. Also, the Coinmarketcap - % of BTC dominance is right at 33.3% - a critical level perhaps.

Below, I've got an eclectic collection of Blockchain and other types of links designed to appeal to those such as yourself...as you can find out by visiting this blog's sidebar...there is much to enjoy. Thanks for stopping by.
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 Blockchain And The Bit-Stew
The powerhouses are now "protecting" the masses - as just yesterday...Facebook announced that they are banning Ad's That Promote Crypto-Currencies - as you know...all over the world..TPTB are cracking down as their power is usurped. 
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In this recent interview - John McAfee talks about why the banks are scared shitless by crypto.
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A Few Words From Anonymous
84,000 Views...10 Days About a 28-1 Positive To Negative Reaction
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So, "researchers" have determined that the first Bitcoin rise in value...years ago from 150 to 1000 was likely driven by only ONE person.... (is it/was it 20 now) - read all about this idea...now proven for some.
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Are you wondering where the bottom might be for Bitcoin price in the short term...here's an analysis from LAST month...when the scare began...that suggested 5,600.00 could be a bottom...protect your assets.
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In other worlds
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From the Reddit subreddit called NOSLEEP - comes a real chiller of a tale...remember..all writing on NOSLEEP is to be considered REAL - I ran into my HS Sweetheart at the 10 year reunion tonight - the one I married?
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Hey...how about some UFO reports from THIS MONTH from
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One Of Every 20 Visitors Enjoys The Archive
To The Tune Of A One Hour Visit

Friday, December 29, 2017

Will 8.00 RIPPLE Dethrone BITCOIN (In MarketCap?)

Just over one month ago this blog asked if the coming Bitcoin Futures markets meant 10,000.00 Bitcoin? Two months ago this blog asked if a "flash peak" was possible in Bitcoin to 25,000.00 as awareness rose and holders...held instead of selling/trading. And, just yesterday for the second time in the past month...the Cryptocurrency Ripple has moved into (back into really as it has been the #3 for a long time before Bitcoin Cash) #3...and TODAY is poised to move ahead of Ethereum into number two.

So...it's not too big of a question at all to suggest that Ripple could continue it's run...with a MUCH more accessible price to the masses (in a psychological sense) - and overtake the marketcap of Bitcoin....... AND THAT....could have a profound effect on the overall market and the psychology of the market, because if Bitcoin is no longer number one in the "Bitcoin Space"...then the negative attributes of Bitcoin are going to come to the forefront - and more "coins" are going to be included in the MSM discussion....such as on CNBC.

Now...8 bucks USD is only a quadrupling of the current price approximately (something large and silly to suggest in any investment space other than crypto)...and it IS a hill to be climbed - but it's hard to say if it could all happen in just one spurt - or will take a much longer time-frame. Perhaps Ripple will simply bask in being number two and holding off an ETHEREUM pump of some sort.

Finally...since the early days of Crypto...Ripple has been the one coin actively pursuing real business relationships with BANKS..big money personified...let's see this play out. Have any comments? #8dollarripple 
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                                 Explore the Archive

Thursday, May 11, 2017

37,000 Trading Cryptos Crash Poloniex - Shake Market Confidence

As the Tulip Mania begins to take hold - will any exchange be able to handle the trading? Already the seams seem to be busting at Polo...the number one trading company in America for full Crypto trading. Already several times within the past week the site went down for hours - not allowing - seemingly - anyone to trade (one has to wonder is it executing huge simultaneous sell orders? - is this how long it takes to settle the trades and margins?) - causing many to lose small fortunes in their opinion.....There has been a ton of news in the now overly hot crypto world. Hold on tight?
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Bitcoin And Blockchain Reads
Following in the footsteps of Japan - Australia, starting July 1st, will treat Bitcoin Like Money. Don't be the last to own bitcoin, the train is leaving the station. Oh...Japan is about to start offering a fixed rate of interest..considerably higher than the standard rate...for depositing Bitcoin and (I assume) allowing them to hold it for up to a Year - the article notes how close Japan is to retail adoption of Bitcoin.
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Crypto coin DASH has hired more top developers bringing it's team to 20 - meanwhile..through a new partnership - DASH can be traded into and out of 20 Fiat Currencies - sounds like a coin with a plan and real business.
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One of the many fast growing coin marketcaps this past month has been for the STEEM platform - This Post At Steemit, a winner - tells of the many many ways you can already use that Cryptocurrency.
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Seems another China/USA partnership in the Crypto world could mean big changes...to mining even - BitPay and BItMain are partnering up. Interesting mix.
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Yes...there are Facebook Crypto Pages find one find many.
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One of the best ways to make BTC is by investing in ICO's of blockchain start-ups - which are coming out of the woodwork like there is no tomorrow - it's important to have a Cyber Fund Radar - invest wisely.
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As you know..the smart money likes to invest in currencies that are stronger ... well did you know that Bitcoin leads every fiat coinage on Earth for the past 3 years?.... The MSM will never tell you to disrupt the system..that will be up to you.
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One of the classic coins getting a lot of attention of late is LiteCoin - and much of the rise is due to SegWit - find out in this piece..why it does matter.
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Oh...it's not too late to MINE or to buy BITCOIN...as here's another prediction for a 3,000 target price in 2017. Remember...sign up at Coinbase using my affiliate link - https://www.coinbase.com/join/m4ever
and when the amount of bitcoin you buy exceeds 100.00 usd...you will receive 10.00 worth of FREE Bitcoin.....they do NOT give this bonus unless someone uses an affiliate link. (yes I get compensated too when you do that).
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Finally, remember...Barfstew - AKA - The Crypto Revolution - has an amazing archive with lots of "playboy" non nude pictures for enjoyment. Everything safe for work...but only barely. Literally.
That said, simply go back with the page back button and you will find one great bitcoin read after another....enjoy and invest in bitcoin.

Monday, March 27, 2017

Alts Explode - Bitcoin Erodes - Market Cap: $24,293,597,973 / 24h Vol: $586,197,519 / BTC Dominance: 68.6%

The tale of the tape at CoinMarketCap is above as I write this post on Monday, March 27th - perhaps 1 week from Bitcoin's marketcap no longer being 2/3's of the marketplace. Eroding much like the dominance of the American Dollar for decades...only much quicker. But, unlike the fiat game - no government issued "dollar" is rising - only an increasing crowded field trying to corner peoples perception of value. - Sorry once again for the two week break in posting...let's see if a smidgen can be caught up by looking at the news below.

Hashpower Contracts From 30.00 USD
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Blockchain, Bitcoin and Alts...News

The version of Bitcoin - Bitcoin Unlimited - has not been as favorably received in the marketplace as hoped - Tokens Are Down Up To 20% From Opening - preceding a possible hard fork of BTU. Even at this price...it would be the 2nd most valuable token in price (around ETH in marketvalue?). The rally against changing the status quo continues to grow. All that said...find out the whole political story about the versions of Bitcoin at Coin Dance where...as of today only..BTU seems strong. But...again BUT - BTU - already has had some bugs and one was fixed behind "closed doors"....but the miners in China...want to move to it anyway.

Another example of the flood of newbies into crypto - is that Local Bitcoins reached a new volume record. To me, it's just funny that to feel that BTC is real some folks need that first face to face meeting with someone.

Meanwhile...a politician in India - calls Bitcoin a Ponzi Scheme - as use there skyrockets. Whereas...here's real news about the blockchain and how it is changing the world - much like the Bell Labs of decades ago.

You say you want to read about one of the latest hot "coins" - sure, here's the website for PIVX - Private Instant Verified Transactions, branding...quite important.

Did you know that about 2/3's of all sub-Saharan African people are employed "informally" - seems the Blockchain  is ripe with opportunities when that's the case. However - here's a point of view that thinks all the blockchain hype...may be just that - in some niches it is proposed for.

Speaking of being disruptive - how would you like to be paid for the content you consume after all ...your attention is valuable.

With some many of new Crypto Currency traders entering the market - how about the story of one traders first Strategy - it's the wild wild west all over again.
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If this is your first time here - you'll love the archive - look around...some folks view up to 1000 pages before leaving...seriously.












Tuesday, March 7, 2017

Price Of Gold Ounce And One Bitcoin Play Tag

At the moment of writing this on the morning of the 7th of March ...gold is priced at 1228 USD and Bitcoin...after some profit taking last night is at 1235 USD...after falling briefly below 1200. Perhaps the psychology of the crowd wants the two prices to be associated with each other - it is indeed a tough realization to internalized IMO. Are the powers that be worried? Is that ETF really going to happen?

I hope that you read our last post about AVOIDING the 'lifetime investment' scams involving slow pay ponzi's - and while I will get to the GOOD btc ideas out there to make btc...today let's focus on the links.
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Blockchain and Bitcoin Links
Here's a CNBC link that talks of the rumored Bitcoin ETF...so long in the works. The effects of the price? No one knows.

And here's Bloomberg - positioning ETHEREUM as Bitcoin's top rival...and what's next for it (the end of mining).

Now..in 2017, everyone wants to get a sense of what the Trump Adminstration's view about Crypto will be.... fingers crossed. Already the DHS is granting Factom money for blockchain development. Indeed, Factom...also has had recent news at cranking out a Commercial Product For The Mortgage Industry - as uses for the blockchain proliferate. 

The Philosopher King of Crypto Vitalik Buterin in this paper discusses the theory edge of rewards and punishments ....as they relate to crypto. Meanwhile...Russia is investigating claims of fraud at Crypto Exchange Yo-Bit.

There is of course...a continued evolution in how Bitcoin is being viewed by not only the powers that be...but by the mainstream media ..which this report may be becoming more balanced in the UK. And, as has been continually a point in those in favor of the blockchain taking over the world.... development in Africa is hinging on it's development.

Is 14,000 USD Bitcoin Coming By 2018? Lots of predictions for the moon for sure.

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Going  to get to a huge backlog of links in the next posting.




Wednesday, September 7, 2016

Monero Becomes The Big Cheese

Hey Crypto fans - got some links for you today to enjoy. As noted by our headline, on Sept 1st Monero became a new currency accepted on the so-called dark web - and consequently has seen real volume and action...even becoming at times the most valuable Crypto except for BTC. Who'da thought privacy would still matter?
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Revolution Or Barfstew?
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no, not coins, an excellent 'physical' wallet, read all about it

certainly worth the read

here's a quote
"Contrary to conventional wisdom, our research shows that fiat currencies crowd out Bitcoin, not the reverse and that the design and size of the Bitcoin market deprive the currency of its intended use as a medium of exchange. What is also evident is that Bitcoin poses minimal risk to financial or monetary stability. Despite this, if the acceptance of Bitcoin or other virtual currencies increases significantly on a global scale, it could have significant consequences on the relevance of monetary policy, as its decentralized and independent nature makes regulatory oversight difficult.”
no shit sherlock

podcast worth your ear perhaps
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You Could Get Lost In The Archive For Hours
Go Ahead

Saturday, March 26, 2016

Crypto Explodes - ETHEREUM Marketcap ($ 1,104,791,536 near peak) Flirts With One Billion

A Lot Has Happened In Crypto Since The Last Post - Dig In

ETHEREUM... the coin we have been following since near it's real beginnings has EXPLODED the perceptions of cryptocurrencies and the blockchain. In just the past 10 weeks.. ETH has increased in value 10X and more... and more is just around the corner for the `new bitcoin'. See and read the many links about ETHEREUM below and how REAL business is the new crypto catalyst.
===============================================
Winners
The Watershed Moment Has Arrived

Microsoft Azure Adds New Certified Blockchains
AND
More Of The Same
Adds for Augur, BitShares, Lisk, SYScoin, Slock.it, 
(Slock.it - building the Ethereum Computer)

Just One Method That BitShares Is Applying To The Technology

Update #7 NEW ADDS - Expanse, Radium, Monero - Influx, Tendermint, Algorythmix

the biggest news of all
(from the link)
BlockApps, a startup providing Ethereum blockchain software for enterprises, has become the first certified offering on Microsoft Azure's Blockchain-as-a-Service (BaaS) marketplace.
With its latest post, Microsoft also announced that asset exchange provider AlphaPoint and Internet-of-Things micropayments startup IOTA have joined its Azure BaaS platform.
Launched in October, Microsoft has been steadily adding providers to its blockchain testing environment for enterprises, though BlockApps' Strato platform is the first to gain certification.
Calling the news "a watershed moment", Marley Gray, director of blockchain strategy at Microsoft, said:
"The simple, rapid and flexible one-click deploy of Ethereum blockchain architecture launched on the Microsoft Azure Marketplace enables enterprises and developers to quickly deploy a certified blockchain environment on Azure."
Gray added that he believes the offering will expedite enterprise blockchain development, as it enables enterprises to develop proofs-of-concept (PoCs) and scale to full production systems.

the website

for the very latest ETH news

for the short and real history

the Github must read

for the instant communications

The Augur Beta Program Is Up
this prediction market will be a winner IMO .... more about Prediction Markets as two OTHER website owners of Prediction Markets interview each other. (This is a YouTube link.) - I also personally play in Spark Profit and Preditit.Org a stockmarket/commodities/btc marketplace and a political prediction market respectively. 

Early Warnings To Buy ETHEREUM
months ago... much like this website

Vitalik Buterin Charts ETHEREUM's Future In Coinbase Meeting
how long before ETH is available via Coinbase? how much more awareness and marketcap?

ETHEREUM Founder Gets Role At Toronto Stock Exchange
the big money does not want to be left out
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Meanwhile... At Bitcoin

real business deals by Factom - Factom's Very Active Twitter Account and yet More About Factom

Another First - Real Estate Sold Via BTC
happening in Denmark... good details... short article

More About The Upcoming Hard Fork For Bitcoin - And The 5,000 Dollar Bet
that it all works out fine... hmm.

then... less than a week later... this

OR... Is THIS The Hard Fork Solution - Segregated Witness
sounds like a spy novel.... relocating some outside the chain

with examples of other `hard forks' that science has delivered

And, while they have removed links to the stories.... for one day... during the ETH surge... they were no longer accepting BTC at the Microsoft store.

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Meanwhile  As Microsoft ..... Gets Into The Blockchain Business
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Speaking Of Real Business

Stellar Coin To Bring Banking To Nigeria Population
it's REAL Business that will be the key to coins and the blockchain - here's another `Underbanked' Story and how the blockchain will be vital for transformation

ETHEREUM Used by Ridesharing Start Up
real business via ETH and `Arcade City'

And Airbnb Is Considering Using The Blockchain Too
quick read... part of the theme you are reading
==================================
(Smart Links)
Other Coins Of Utility To Smart Contracts/Blockchain

Counterparty
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Other Crypto Winners You May Have Missed

How BitWage Works
could this be the movement that finally cripples the Fiat dominance? - the evolution of Payroll is right. More About Bitwage. Crypto is moving into employment big time - Gigs For Crypto - BitHire...

UK Treasury Says Crypto Has LOW Laundering Usage
could limit negative perceptions a bit

Ultimately... Why Criminals Can't Hide Behind Crypto/Bitcoin
not all proven as of yet IMO... but interesting

Tether.To
The way to some Crypto via Fiat
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The Bitcoin/Crypto BARF
One Coin - Much Scam
shit coins and shit developers continue to pepper the industry
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The Bitcoin/Crypto STEW

The Day The MS Store Didn't Take Bitcoin
in some circles called a trial balloon IMO

The Big Visions Of The NEM (New Economy Movement) Coin
new Proof Of Importance concept out to beat BTC

Are Digital Versions Of Fiat Coming?
Australian Central Bank Studies Idea

Billed As A Java Version Of ETHEREUM - LISK
2nd largest ICO ever... and yes... I bought in too.
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Yep...you just read the 40 hottest links in Crypto
Why Not Share Them?
=========================

Friday, October 30, 2015

Bitcoin - Spiking - Huge Companies Entering Into Bitcoin-Blockchain Investments

It's like a light going off in one's collective head - or the clanging of a LOUD bell ... but wall street and more has discovered possible uses for the technology this blog is about - and the next spike in Bitcoin value may have already began.
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Recent Links Of Interest
a tease from the above link
The other investors in DCG include a range of venture capital firms and family offices such as FirstMark Capital, Novel TMT, Oak HC/FT, RRE Ventures, Solon Mack Capital, and Transamerica Ventures.
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The Ultimate Marriage?
the shit is getting real folks
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Ethereum Too Is Spiking Recently
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yes... I bought in and have 33 reps
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And finally for Today's Must Read

Vitalik Buterin theorises about monetising an Ethereum browser, the price of Bitcoin and education in China

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thanks for your readership

Monday, August 31, 2015

The Ethereum Sensation

I was not caught completely off guard like many concerning Ethereum and knew that its release would cause ripples... but... not like this... and some are saying it could compete with the God of Crypto, Bitcoin, for marketcap - in as little as a few years or less. Rumors abound about it... that large companies want to use it... that pension funds want to buy and hold it... that Augur will be amazing.... etc.

All that said... how about links from the Cryptoworld as I continue to put together a big post for all.
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First... Ethereum
Fourth In Marketcap
as of 8/31/15

Blog Post About Ethereum's Security
impressive

meanwhile, some say this `leaked' chat memo indicates Ethereum has a ways to go in development:

Ethereum Launches..... BUT
will all this cashflow help?

Many who are part of the Ethereum gold rush point at this tape where an intelligent woman at 2:15 identifies Ethereum as the connection potential for the Internet Of Things. IMB is bigtime and so is the marketcap of Ethereum already:

=================================
Mystical Bitcoin?

MAZA Coin Blog..... Will there be an Indigenous Coin?

Hey, why settle for a million, right?

CNBC asks... will it break or be better than ever?
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Even If You Arrived For The Pretty Women Of The Archive
Thanks For Your Readership
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Support This Webpage

Friday, July 31, 2015

An Impossible Fantasy - The Bitcoin Tulip Gold Rush - BTC At One Million

Readers of Barfstew recently ran across the link (shown below) from the cointelegraph.com about a hedge fund called Wedbush that listed the odds of a BTC price at ONE MILLION dollars by 2016 as ONLY 5,000 to one - they called it the `internet outcome' for BTC's price. Which set my mind into speculation about such a fantasy... and looking ONLY at selected aspects of such an fantasy occurrence. 

As a trader of cryptocurrencies for the past 8 months... what do you think would happen to the other 600+ coins listed on the various crypto exchanges if BTC became 1 million dollars each? No one knows of course... but here's my fantasy prediction:.... and it is dependent on the steepness of the rise (remember in this fantasy this happens in the next four months)... with the first spike taking it to 1,000 dollars from the current 300 dollar levelish...lets say the rise happens in just 4 days, such as  400,600,800,1000 and the market cap for BTC triples roughly to the 12 billion dollar level.... what do YOU think would happen to the price level of OTHER crypto coins?

IN MY OPINION... they would CRASH and crash hard... as EVERYONE would be scrabbling to get as much BTC into hand as possible. 

One coin after another would have whales selling entire positions into the buyers. Coins that would be worth 1000's of satoshi's before the BTC spike, would be going for FRACTIONS of what they were worth the days before (and these would be the FEW attempting to maintain some value in comparison).... I wouldn't be surprised in a quick rise as described above to see most coins sell for 1/10 their prior value (despite it being only a three fold increase) ...few will be spending the increasing value their BTC to buy the now perceived as `junk coins' at this point. 

IMO.

Then, as September approached... the value would again multiply by a factor of 10... to 10,000 per coin - with a market cap now approaching 125 billion for BTC.....  more than enough to catch the attention of the stupid that simply follow whatever grabs the interest of the MSM. 1,000 week one, 3,000 week two, 6,000 week three and 10K week four (you a coin holder can feel your adrenaline rising, right) .....however now, ONLY a handful of coins exist in the exchanges anymore with any real value.....that said, that handful of 15 coins also has a marketcap of 12 billion now(meaning their value too would be growing in relation to previous fiat values) .... however, the `cryptocrash' (for all coins not of the elite 16) will affect the others deeply - with the other 580 coins having nearly NO value...perhaps worth a  half billion total....before their final crash which is to come. All discussion in the crypto world now is focused on `how many coins are truly needed' - a discussion that will affect every holder of any cryptocurrency. 

Because the market flushout is coming in October ... as all shakeouts do.

In October, yet another 10 fold increase,  to 100,000 dollars a coin - which would finally attract the world money movers and governments... and consequently, the actual usage of BTC would have been altered significantly towards big players... hedge funds, governments, pension plans.... everyone wanting to get in before the now talked about 1 million dollar possibility... and with BTC at ONLY 100,000 dollars and with a marketcap of over 1 trillion dollars (as much money value as the IMF has in emergency funds) ... it, Bitcoin,  has become the only player in town for some kinds of HUGE transactions between governments... fiat values for national coins are now being affected by the value of BTC - and how many holders might have some BTC in any society could determine the richness of the nation or society.... many stories surface in China and America, in their MSM's -  about the early traders who are now millionaires...much like the first BTC spike years ago. 

TONS of stories about the folks who ONLY had 1 or 2 full BTC's - and are now `rich' - and additional stories about the ones, the few individuals,  still hanging onto a piece of a BTC coin hoping for even more.... however, with the price rising to 100K....  NO other coins even trade for BTC anymore on ANY of the EXCHANGES -  and a whole second market of crypto begins to develop around the core 15 coins or so.... but the shake out is HARD now that coins NO longer have a value tied to the BTC platform.... even the core coins fall in fiat value from the very inflated figures prior to the cutoff of trading them for BTC.

Finally the Bitcoin Tulip Gold Rush happened in November and December as world markets adjusted to BTC becoming a 1 million dollar product worth a marketcap of 14 Trillion dollars (just about the PERFECT FIT FOR THE WORLD TRADE LEVEL OF 18 TRILLION OR SO).... could this be a goal...? Will BTC be the commodity for WORLD TRADE to end the problem of local currencies fluctuations?

The fantasy ends there as 2016 begins anew.. with a new world TRADE currency established by the money players.... while the banking sector takes a look at Ripple, making it a market leader amid a new crypto market that now looks for functionality  - still worth billions more than before the BTC spike only 120 days prior - but billions less than before the cutoff with BTC exchanges. With traders kicking themselves in the butt for NOT hanging onto pieces of BTC as the spike was happening, or trading them for other, now worthless,  cryptos on the way up... that soon crashed to zero in comparison to BTC.
=============================================
IMO the big money could create any scenario they wished with the value of BTC... it's wise to have some...even tiny bits.
----------------------------------------------------------------------------------------------------------------------
BUY YOUR FIRST BITCOIN AT COINBASE
===============================================================

I hope you enjoyed today's Bitcoin fantasy... how about spreading it on social media?

Links referred to below:

http://cointelegraph.com/news/114859/investment-firm-wedbush-predicts-400-bitcoin-by-2016-advises-to-buy-gbtc

http://blogs.wsj.com/economics/2014/03/25/everything-you-ever-wanted-to-know-about-washingtons-battle-over-the-imf/

https://www.wto.org/english/news_e/pres14_e/pr721_e.htm

Tuesday, April 14, 2015

What I'm Trading On Poloniex

Or should that be ON Poloniex... anyway on Polo currently I'm divided between four cryptocurrencies.... we'll see how they do over time hopefully too.
----------------------------
Poloniex

Currently
`Vericoin Exchange'
I bought in at 6400 on 4/12 and have no sell position - really like the slow recovery of this coin value... PR page too.
Current Price 
6837-6869

`New Economy Movement'
Bought this new and falling price coin from 124-97 on 4/3-4/7. Like name and the multiple exchanges adding this coin quickly move.
Have sell position at 179 and hold 1/2 in no position. May lower price target a bit but this is certainly a coin that could have a run or two upwards..and will stick with it.
Current Price
73-74

`Stellar Exchange'
Bought Stellar on 4/5-4/7 for 1019-1046 as it appeared to have bottomed - Hold no sell position.
Current Price
1216-1217

`Counterparty Exchange'
Bought at 494238 on 3/12 and have been selling pieces of it since. Bought and still hold as much as any of the others based on it being mentioned as a coin that is being used or going to be used for BANKING transactions of some sort. Long term hold at this level for me.
Current Price
432000
================================
After several months at Poloniex.... I'm up about 12% from my initial stake... one of my worst performing exchanges. But, one with the most potential IMO too.
=========================================
==============================================
How about some Bitcoin news... the barf, stew and winners.
-----------------------
a continuation of what happened in Sept. last year really.

he's a gutsy politician indeed

could this be as disruptive as Uber?
========================================
Hey, thanks for the read... why not bookmark for the future?
And, if you are a male and you haven't seen the archive...you could be here all-day.





Thursday, February 26, 2015

August 20th, 2011 - Barfstews First Bitcoin Headline

SORRY FOR THE ABSENCE 
MUCH MORE SOON

Just a quickie today to look at this blogs Bitcoin History... such as the first headline to suggest that Bitcoin could become THE new world currency
8/20/11
==========================================================
On 5/16/11 was the first actual mention of posting a Bitcoin link
Here
Which Was Posted Here

2011 had two more mentions of Bitcoin, none in 2012.
=========================
On 4/4/2013 - Bitcoin Headline #2
Bitcoin Bonanza or BUST?
=====================================
4/13/13 - Bitcoin Headline #3
Bitcoin - Ponzi Scheme Or The Future Of Money? - Trading Halted!
======================================================
4/28/2013 - Headline #4
Big Next Step for Bitcoin: Meeting the Regulators
=====================================
5/3/2013 - Bitcoin Headline #5
BitCoin Is Gold 2.0: Venture Capitalist
=======================================================
7/3/2013 - Bitcoin Headline #6
Winklevoss Twins Plan IPO for Bitcoin-Tracking Stock
======================================================
11/19/2013 - Bitcoin Headline #7
Is Bitcoin Real?
=================================
4/3/2014 - Bitcoin Headline #8
Native Americans adopt bitcoin clone as official currency
================================================
4/4/2014 - Bitcoin Headline #9
ONE Bitcoin To 1 Million Dollars - Why It Might Happen!
==============================================
5/22/2014 - Bitcoin Headline #10
Reddit BLASTS - Bitcoin Hater Schiff Now Selling Gold For Bitcoins
==================================================
6/12/2014 - Bitcoin Headline #11
Bitcoin bugs? Gold losing face to cryptocurrency!
=================================================
9/21/2014 - Bitcoin Headline #12
Bitcoin Touches 400 Dollars Per Coin
===================================================
9/30/2014 - Bitcoin Headline #13
Could Bitcoin Cause A Crash?
=====================================
10/5/2014 - Bitcoin Headline #14
Bitcoin With Debit Card?
=============================================
10/16/2014 - Bitcoin Headline #15
Will Government `Monies' Cause World Depression? OR `Why I'm A Bitcoin Bull'?
==================================================
The post above is THE POST in which I changed the direction of this blog forever to Bitcoin and alternative currencies.
Welcome Aboard
=====================================
========================================
MORE THAN LIKELY YOU NOTICED THE `ADULT' SCREEN I'VE AT LEAST TEMPORARILY PUT ON BARFSTEW.
THE HISTORY OF THIS BLOG SUGGESTS THAT BLOGGER MAY MAKE BARFSTEW A PRIVATE BLOG IN LESS THAN A MONTH BECAUSE OF A LURID CONTENT (NEVER NUDE OF COURSE) CRACKDOWN.
MORE ON ALL THIS SOON AND HOW IT MAY AFFECT YOUR USAGE OF BARFSTEW.




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