Bitcoin is a snowball, not a bubble | Bitcointalksearch.org

bootlace

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Quote from: Crazy on April 08, 2013, 01:27:03 PM

No kidding? I guess I missed that over you calling me arrogant, angry, an idiot and troll after initially giving me a false dilemma. Sometimes levelheaded individuals are so hard to pin point. Sorry. I misread the situation.

You've proven those exact traits in this very thread, whereas your assumptions were not only unfounded but in fact totally false.

kokjo

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You are WRONG!

if bitcoin is a snowball, in the summer it will fall apart.

keystroke

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Quote from: ?? on ??

The technical term is—rotation.

Rotation? Would you mind explaining more? I've searched but only come up with "sector rotation".

Crazy

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No kidding? I guess I missed that over you calling me arrogant, angry, an idiot and troll after initially giving me a false dilemma. Sometimes levelheaded individuals are so hard to pin point. Sorry. I misread the situation.

bootlace

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Quote from: Crazy on April 08, 2013, 01:11:22 PM

Hey guys I'm bootlace the boss using ad hominem in my bitching about ad hominem. Herp derp.

You're an arrogant, for some reason angry, keyboard warrior who doesn't seem to understand the idea behind a forum where yes, similar things are discussed over and over. If you have a valid point to make, I'd be glad to respond to it.

Crazy

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Hey guys I'm bootlace the boss using ad hominem in my bitching about ad hominem. Herp derp.

bootlace

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Quote from: Crazy on April 08, 2013, 01:08:25 PM

I don't need to address the points. My disregarding them pretty much tells you what I think of them, right? Not only that, but they've been addressed 100 fold across 100 different similar threads, hence my post. Or did that not click for you? Oh but because I don't lend credence to your subtle plea for reassurance I'm an idiot or troll? gtfoh.

Ok so you're an idiot AND a troll, thanks for clarifying.

Crazy

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I don't need to address the points. My disregarding them pretty much tells you what I think of them, right? Not only that, but they've been addressed 100 fold across 100 different similar threads, hence my post. Or did that not click for you? Oh but because I don't lend credence to your subtle plea for reassurance I'm an idiot or troll? gtfoh.

bootlace

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Quote from: Crazy on April 08, 2013, 12:42:59 PM

Hey look, another thread by a new adopter trying to justify his irrational speculative investing. Nice!

You know what they call someone who attacks the messenger (who they know nothing about) and not the points brought forward in a post, don't you? I think it's called either a troll or an idiot - I'll let you pick which category you fall under.

flyhouse

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Quote from: Crazy on April 08, 2013, 12:42:59 PM

Hey look, another thread by a new adopter trying to justify his irrational speculative investing. Nice!

+1

Crazy

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Hey look, another thread by a new adopter trying to justify his irrational speculative investing. Nice!

flyhouse

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I don't doubt that there will be several bubbles in the next few years and prices will reach in the thousands, but in the end, BTC is about stable exchange. It's not gold, it's a currency and people want to use it as such. And that's the fundamental thing here- most people who are in don't understand BTC. That's why there will be bubbles Grin

flyhouse

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Bitcoin is due to reach full capacity in 2140.

Some people, I don't want to say most, in this forum are saying that there are fundamental reasons for this rise. They would be correct, if today were 08/04/2021 for example, but it ain't.

Corruption, looked at globally as a whole, is rampant in societies, where there are few real government regulations and controls and information is eschewed in different kinds of ways. That said, I think that less than 50% of the people involved with BTC in some way, actually know what BTC is and how it works. I see a lot of greed and where there is greed, there is corruption. I sure hope that BTC survives in the long run, if it doesn't- then I sure hope that its' successor(and one there will be) manages to overcome this greed and let people exchange freely.

hubbabubbabaker

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Sometimes - history needs a push.

Quote from: flyhouse on April 08, 2013, 11:45:58 AM

Bitcoin ain't a snowball.

MtGox is a snowball. Who has control over them? Who believes the data that they release?

MtGox at the moment is not subject to any regulation or laws, which means that they can do whatever they want, and they sure are in something big, assisted by some greedy investors. They want to suck the stupid money into the scheme, take it and whatever happens with BTC- they don't give a damn. And all this is damaging BTC- right now I think that nobody is trading anything in BTC, due to the volatile market. And volatile markets lead to a loss in cofidence.

READ HISTORY!

I've been wary of this very real possibility for quite some time. Mt. Gox is definitely as subject to corruption as anything else.

Matthew N. Wright

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Quote from: flyhouse on April 08, 2013, 11:45:58 AM

Bitcoin ain't a snowball.

MtGox is a snowball. Who has control over them? Who believes the data that they release?

MtGox at the moment is not subject to any regulation or laws, which means that they can do whatever they want, and they sure are in something big, assisted by some greedy investors. They want to suck the stupid money into the scheme, take it and whatever happens with BTC- they don't give a damn. And all this is damaging BTC- right now I think that nobody is trading anything in BTC, due to the volatile market. And volatile markets lead to a loss in cofidence.

READ HISTORY!

Isn't it hilarious that people think Bitcoin is decentralized when every bit of influence is given by centralized entities?

Also, snowballs don't pop, they melt from too much heat.

flyhouse

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Bitcoin ain't a snowball.

MtGox is a snowball. Who has control over them? Who believes the data that they release?

MtGox at the moment is not subject to any regulation or laws, which means that they can do whatever they want, and they sure are in something big, assisted by some greedy investors. They want to suck the stupid money into the scheme, take it and whatever happens with BTC- they don't give a damn. And all this is damaging BTC- right now I think that nobody is trading anything in BTC, due to the volatile market. And volatile markets lead to a loss in cofidence.

READ HISTORY!

ehoffman

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You realize that snowballs do melt in spring, do you? Grin

bb113

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Quote from: bb113 on March 21, 2013, 11:46:53 AM

Ever since the Gox hack there has been a significant negative correlation (p<0.05) between BTC traded on Gox and temperature anomaly. The temperature data is only available up to January 2013. The outlier on the chart is December 2012.

Temp data: http://data.giss.nasa.gov/gistemp/tabledata_v3/GLB.Ts+dSST.txt

Volume data: http://bitcoincharts.com/charts/mtgoxUSD#igWeeklyzczsg2012-07-01zeg2013-01-26ztgSzm1g10zm2g25zv

ColdHardMetal

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Quote from: Neverest on April 08, 2013, 10:55:43 AM

Quote from: ColdHardMetal on April 08, 2013, 10:07:12 AM

Quote from: dg2010 on April 08, 2013, 09:59:19 AM

Snowballs do not grow forever. I've tried.

I once made a snowball that was 8ft in diameter. By the time it reached that size it took 3 large guys to push it any further.

Then when one of them stood on top it cracked and broke in half.

So basically, there is no point talking of bubbles or snowballs, growth MUST stop at some point.

Ah, but the sum of the parts was still the same, just smaller units. Satoshi balls if you will. Unlike a bubble which just dissipates into nothingness.

lol @ dg2010, great analogy.

What happened to the Satoshi-snowballs when summer came and the conditions for snow were no longer met? They dissipated into nothingness. Until the next winter and a new snowball was created.

Damn global warming anti-BTC conspiracy!!

Neverest

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Quote from: ColdHardMetal on April 08, 2013, 10:07:12 AM

Quote from: dg2010 on April 08, 2013, 09:59:19 AM

Snowballs do not grow forever. I've tried.

I once made a snowball that was 8ft in diameter. By the time it reached that size it took 3 large guys to push it any further.

Then when one of them stood on top it cracked and broke in half.

So basically, there is no point talking of bubbles or snowballs, growth MUST stop at some point.

Ah, but the sum of the parts was still the same, just smaller units. Satoshi balls if you will. Unlike a bubble which just dissipates into nothingness.

lol @ dg2010, great analogy.

What happened to the Satoshi-snowballs when summer came and the conditions for snow were no longer met? They dissipated into nothingness. Until the next winter and a new snowball was created.

Topic: Bitcoin is a snowball, not a bubble (Read 3922 times)