Bitcoin doesn't need your courage, you do.

byronbb

legendary

Activity: 1414

Merit: 1000

HODL OR DIE

Quote from: goldlyre on January 24, 2013, 12:34:28 AM

This bull is running because of astounding fundamentals, a unique time in history and tectonic scale shifts in the economic and political worlds. It is not running because of luck, coincidence or the sudden good will of bankers.

As a history major who studied the Industrial Revolution with great interest and amazement, I believe the Internet, global communications, and p2p, will prove to have an impact on a scale magnitudes greater. The faltering of the economic and political power structures IS A SHIFT of reality we have yet to comprehend.

nexusakachus

sr. member

Activity: 336

Merit: 250

Love & Sound Emotroniks

Agreed

goldlyre

hero member

Activity: 1112

Merit: 512

New buyers will be only too glad to take your stack if you falter.

goldlyre

hero member

Activity: 1112

Merit: 512

The original writer was AgStacker who put this post on Kitco Forum's Silver Discussion Group a couple of years ago.

Cluster2k

legendary

Activity: 1692

Merit: 1018

Some people being taught a lesson in trading right now. Quick run up to $19.20 and then a nice collapse to $15.50 and still going. Don't let greed get in the way of good judgment.

Pulling buy orders en masse, pulling the price down further then buying on the up swing into another bubble would be kinda fun right now. Whoever is doing is is making a nice profit.

TraderTimm

legendary

Activity: 2408

Merit: 1121

Even if the edge-exchanges went away for some reason, it wouldn't stop people putting up sites for price discovery and local trading - or other means. Bitcoin is bigger and better than what crappy sovereign currency it is valued in.

Phoenix

newbie

Activity: 57

Merit: 0

The original post deserves to be dubbed by James Earl Jones or Morgan Freeman (for lack of a Don LaFontaine), with Two Steps from Hell epicing in the background. Most elucidating post sir, you have my thanks.

Piper67

legendary

Activity: 1106

Merit: 1001

Quote from: proudhon on January 24, 2013, 07:34:55 AM

I have no idea where the top will be, but I'm pretty sure it'll be followed by an enormous crash. So, you know, woohoo!

Oh, I love it when Proudhon makes a prediction... 7.20 will be the high for 2012... 14.3x will be the high for 2013 (that one actually didn't even last 24 hours, a record for Proudhon). Woohoo indeed!

goldlyre

hero member

Activity: 1112

Merit: 512

Behold! That bitcoin is being sold for $16,000!

Note: RMB99998.88 yuan = $16K

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Bitcoin cannot fail as a currency. It's not a matter of if, but when. How long can you hold an asset that may or may not be liquid when you need to exchange it? That's the key. Nothing ventured, nothing gained.

waspoza

hero member

Activity: 602

Merit: 508

Firstbits: 1waspoza

Quote from: proudhon on January 24, 2013, 07:34:55 AM

I have no idea where the top will be, but I'm pretty sure it'll be followed by an enormous crash. So, you know, woohoo!

To single digits? Cheesy

proudhon

legendary

Activity: 2198

Merit: 1311

I have no idea where the top will be, but I'm pretty sure it'll be followed by an enormous crash. So, you know, woohoo!

Stephen Gornick

legendary

Activity: 2506

Merit: 1010

Quote from: phelix on January 24, 2013, 06:28:59 AM

Quote from: notme on January 24, 2013, 01:17:32 AM

BTCelieve

+1

Where can I buy the T-Shirt with that?

zakalwe

sr. member

Activity: 445

Merit: 251

+1
Very nice.

phelix

legendary

Activity: 1708

Merit: 1020

Quote from: notme on January 24, 2013, 01:17:32 AM

BTCelieve

+1

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: goldlyre on January 24, 2013, 05:39:26 AM

I've downloaded the original post a couple of years ago from a PM forum. As I'd said, I made slight changes to it mainly by replacing the word "silver" with "bitcoin". Needless to say, the original writer was a hard core silverbug, and I guess that some silverbugs here may tell his name (ID).

ok, now you've done it. you have to tell us. does his ID end in "box"?

great post btw.

edit: or more likely his name ends with "Morgan". just noted you said "PM forum".

goldlyre

hero member

Activity: 1112

Merit: 512

I've downloaded the original post a couple of years ago from a PM forum. As I'd said, I made slight changes to it mainly by replacing the word "silver" with "bitcoin". Needless to say, the original writer was a hard core silverbug, and I guess that some silverbugs here may tell his name (ID).

Cluster2k

legendary

Activity: 1692

Merit: 1018

Bull riding is fun, until you get thrown off. The people who were left with a mouth full of dirt on the way from $32 to $2 know that feeling. The current ride is fun and I'm loving it. Seeing my bitcoin stash appreciate 10% day in, day out, without lifting a finger. It's great. But I have no idealism about it lasting into the great yonder.

Courage needs to be coupled with intelligence and humility lest it morph into hubris.

creativex

sr. member

Activity: 434

Merit: 250

buzzkiller

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: goldlyre on January 24, 2013, 12:34:28 AM

Bitcoin is unstoppable at this point. It will be for some time to come. You will need your courage far more than it will need your faith. New buyers will be only too glad to take your stack if you falter.

In the long-term, yes it is. In the short term it is stoppable just fine. It would correct to $5 before you'd complete writing this awesome post if, for example, MtGox would get closed and assets seized by Japanese authorities. It would quickly go to 0 if, for example (a less likely event) a vulnerability would be found in the software.

So let's keep a calm head. This rocket will fly, but it will have several landings in the process. The faster it goes up now - the longer would be the fall later.

Topic: Bitcoin doesn't need your courage, you do. (Read 2978 times)