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WCN Bitcoin Group #96 – Bitcoin $500 – PayPal Turkey – Gambling

BitcoinInterviewsPolitics
This episode was not as controversial as usual but here is the TLDR on the topics...

This episode was not as controversial as usual but here is the TLDR on the topics:


1. Bitcoin Price up to $500: This was filmed June 9 so a full months before the reward gets cut in half from 25 btc per block to 12.5. I repeated what I have been saying since Dec 2015. Leading into the event the price will go up due to speculation trading and miners rationing the sale of coins to have smooth operation then after. After the event in July you will see a dip in price due to miners selling more than 12.5 btc per block.


2. Turkey Shuts Down PayPal: I said this was not all that relevant as Turkey has a religious problem that needs to be overcome first. Got a lot of heat for it in the comments but a month later there was an attempt at a military coup due to Religious disagreements.


3. A New Bitcoin Gambling Site: My advice was not to trust any 3rd parties with your private keys so this new site needs legit escrow though the idea of these sites moving to bitcoin is awesome. Once traditional trusted sites move in that direction the new ones will go away.


Bonus: The best part is at the very end around the 45:30 mark where I “Doubled Down” on my prediction from the previous show that TheDAO implosion is imminent. This was about 8 days before the hack took place, at the height of the euphoria & $150 Million worth of Ether already invested.