your retarded signature says a lot:
tell me why "Bitcoin is King"
this Meme is dead friend, why not change it to :
"Bitcoin had an exuberant run up because it was the first of its technology and the exponential price was due to there being a tiny amount of the market available because of total monopoly when new buyer were coming in"
Now i'm getting a gently impression why you felt the urge to open such a retarded thread. You are simply disappointed, that's the core message of your post. But it's ok to be disappointed as long as you know why. Only because some moon Cryptofuckingfuturepredictions once led you to believe in the exorbitant, unstoppable growth of this technology it doesn't mean you have to spread FUD about it, only because it doesn't answer your expectations.
Or is your intention to help the people on this board?
If you really lost faith in this, then get out and live with the consequences, let this ship and all it's fanatics go down for itself.
Or you create confidence from an objective point of view for the conceptual benefits this technology can bring and already brings to this world, then maybe you will think different.
Btw. i live in Europe and am running a business in South America. I would have been SO thankful if there had been any useful alternative to transfer money the day Western Union shut down my transaction account due to exceeded transaction volume. I had to invest down there and time was short. Until today i'm not permitted to do any remittances over that service.
Bitcoin is not only the price man, get it.
let me just wipe my tears away from your heart wrenching story...
I don't give a fuck where you live.
I care about facts, and the facts are Bitcoin is going down in price (due to the natural broken monopoly) and can't be viable (in that scenario) as it has ample opportunity for more than 60 or 70% mining owners in the future.
so if the price stabilizes at < $100 you had better hope your arse that the conspiracy theorists where right and the the original monopolists are sitting on the 4th floor of the NSA or In-Q-Tel so that at least then you will know that they will keep mining at massive electricity loss.
because did you ever stop to think that when the "Retail" market stops mining you think those huge Chinese factories will go:
"oh wait guys, we better close some of this down we are approaching 70% of the network here"
we don't want that !
that could hurt confidence !
Because we care so fucking much about the Bitcoin Meme !