I don't know. I see many "Bitcoin millionaires" or even just "millionaires" investing in Bitcoin right now. There are so many start-ups out there doing the best they can to generate funding and are starting more professional services than we have ever had.
It has almost been a year since I have been involved. I did not buy much at first (unfortunately) in part because everything seemed so shady back then! Imagine having to deposit cash into a random account of some guy in order to get coins? This was how Bitfloor worked. It was cheaper and faster than Gox and Gox had problems even then! So my husband and I were very cautious at that point to get involved. But then we saw how fast the price could rise and we were amazed and purchased more.
That said, for those of us that have been involved with Bitcoin for even one year we are well aware of how far we have come in such a short amount of time!
So maybe some of the excuses are warranted? The waves have been ridden and we have not really "crashed" yet. There have been bumps in the road and hurdles to overcome but we come out even better than we were before.
Topic: bitcoin excuses 2014 (Read 1186 times)
I think the fact that a "crash" brings the value down to about $650-$700 and it can quickly rebound from that shows how strong BTC is. Obviously its exponential growth could not be supported, but now that it has settled again I think it has very strong potential going into 2014. Adoption is becoming more mainstream, with pro sports teams, large online retailers, self employed workers (doctors/lawyers, etc) and more every day starting to accept BTC.
People need to stop expecting BTC to go "to the moon" overnight, cause it wont. But its acceptance is growing.
People need to stop expecting BTC to go "to the moon" overnight, cause it wont. But its acceptance is growing.
It's an unproven, experimental risk. Of course people are going to run in various directions. None of them know how it's going to pan out and lots of them probably have more invested than they initially planned.
There are plenty of people advocating it. Check the various hearings, speakers and big chunks of investment. It's not a top down movement. It's moving from the ground upwards and those at the top are taking more and more notice. It'll reach a stage where there'll be no alternative but to try and take it on board.
There are plenty of people advocating it. Check the various hearings, speakers and big chunks of investment. It's not a top down movement. It's moving from the ground upwards and those at the top are taking more and more notice. It'll reach a stage where there'll be no alternative but to try and take it on board.
Bitcoin is just going through growing pains. There will be long term success and a lot of speed bumps and roadblocks along the way.
I'm not blaming anyone.
The point of this was to show that all people do is blame some random cause every week and then everyone attempts to make some excuse as to how bitcoin is going to rise again. I guess the truth is to much for the minds of some, so I will take out any personal stuff to simplify your read.
I'm sure next week there will be some other excuse as to why bitcoin is going down and how it will go up again.
The final comment was made because it should be obvious that bitcoin, which is attempting to negatively impact many powerful established industries, that all have powerful political connections, will fail on the simple fact noone who can fight for it, is willing to.
The point of this was to show that all people do is blame some random cause every week and then everyone attempts to make some excuse as to how bitcoin is going to rise again. I guess the truth is to much for the minds of some, so I will take out any personal stuff to simplify your read.
I'm sure next week there will be some other excuse as to why bitcoin is going down and how it will go up again.
The final comment was made because it should be obvious that bitcoin, which is attempting to negatively impact many powerful established industries, that all have powerful political connections, will fail on the simple fact noone who can fight for it, is willing to.
All this strife is going to continue for a long time to come. What we perceive as cornerstones of the ecosystem will rise and fall, some governments will freak out, there'll be huge online heists etc.
There's barely been a day so far where you couldn't have justified selling off everything based on fresh information. I'm sure thousands of holders have chickened out and come and gone at 0.1c, $1, $10, $1000.
This is why anyone who has a sense of perspective will hang on to a good chunk of their BTC and win in an unbelievably massive manner.
There's barely been a day so far where you couldn't have justified selling off everything based on fresh information. I'm sure thousands of holders have chickened out and come and gone at 0.1c, $1, $10, $1000.
This is why anyone who has a sense of perspective will hang on to a good chunk of their BTC and win in an unbelievably massive manner.
Go ahead. Blame everyone but yourself.
Agreed. It's quite the rant.
OP - sounds like you're a hodler, so check back in a few months.
Go ahead. Blame everyone but yourself.
You know what they say about excuses...
- china is causing problems, after 1/31 everything will be ok
- alt coin mining is decreasing prices
- us government selling off seized bitcoins
- major retailers are instantly selling bitcoin after they get it, dropping price
- past history of bitcoin price increase
- s curve charts
- Russia
- India
- More Chinese bullshit probably
-Apple
- mt gox collapse
- everyone is a bear dropping the price
- my personal favorite, bitcoin is still up it was once worthless
- i'm sure there is 1000 more
Side note: Where are the bitcoin millionaires and why the fuck have they not gotten more companies to accept bitcoin, lobbied governments, used media effectively, etc. It only increases their profit anyways.
- china is causing problems, after 1/31 everything will be ok
- alt coin mining is decreasing prices
- us government selling off seized bitcoins
- major retailers are instantly selling bitcoin after they get it, dropping price
- past history of bitcoin price increase
- s curve charts
- Russia
- India
- More Chinese bullshit probably
-Apple
- mt gox collapse
- everyone is a bear dropping the price
- my personal favorite, bitcoin is still up it was once worthless
- i'm sure there is 1000 more
Side note: Where are the bitcoin millionaires and why the fuck have they not gotten more companies to accept bitcoin, lobbied governments, used media effectively, etc. It only increases their profit anyways.
Jump to: