bitcoin is done. - page 2. | Bitcointalksearch.org

dego

sr. member

Activity: 399

Merit: 250

Quote from: BubbleBoy on April 16, 2013, 02:43:14 AM

Money should not be a "store of value", especially high risk internet money. You should have a guaranteed inflation of 3-5% a year so that you don't keep more than you are willing to spend in the short run. The inflation tax should go to a charity you select.

Are you talking about Freicoin there?

noedaRDH

full member

Activity: 182

Merit: 100

Finding Satoshi

Quote from: Twerka on April 16, 2013, 02:50:50 AM

The prices are fake, we must to aknowledge it.
The real price of a BTC will be taken when people really use it for transaction; buying real things.

Now, with all these "market" out there, there is only a game of speculators who play to raise and fall to get profit. Those markets are based on nothing more than offer and demand. Those market ignore dollar inflation, dollar devaluation, bitcoin deflation, difficulty, etc; that is the reason why it's volatile; the price seems to be the will of some speculators playing stock games.

Even, reading the BTCe chat, you know that the value of BTC is based on the health of MtGox servers: If they lag, BTC go down. Ridiculous. If a guy with 1 million dollars buy all the sell orders from 50 to 200, then the BTC will cost 200 magically. And then he can sell all for 199. What do you think? Is not it nonsensical?

Good to see some common sense.

Twerka

full member

Activity: 154

Merit: 100

The prices are fake, we must to aknowledge it.
The real price of a BTC will be taken when people really use it for transaction; buying real things.

Now, with all these "market" out there, there is only a game of speculators who play to raise and fall to get profit. Those markets are based on nothing more than offer and demand. Those market ignore dollar inflation, dollar devaluation, bitcoin deflation, difficulty, etc; that is the reason why it's volatile; the price seems to be the will of some speculators playing stock games.

Even, reading the BTCe chat, you know that the value of BTC is based on the health of MtGox servers: If they lag, BTC go down. Ridiculous. If a guy with 1 million dollars buy all the sell orders from 50 to 200, then the BTC will cost 200 magically. And then he can sell all for 199. What do you think? Is not it nonsensical?

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Well as a true compliment of sorts
Bitcoin is acting like any normal stock

Crazy

full member

Activity: 182

Merit: 106

Quote from: BubbleBoy on April 16, 2013, 02:43:14 AM

Quote from: Crazy on April 16, 2013, 02:32:16 AM

I hope we NEVER see a bubble again. But we probably will, just with a new batch of idiots. I'd much prefer slow to moderate growth that is coupled with adoption and innovation.

That can't be, efficient market and all. If bitcoin looks like it's on track for major adoption, fools will throw their money at it treating it as a "store of value". Therefore causing volatility, therefore breaking bitcoin as a currency. It's a self defeating prophecy.

Money should not be a "store of value", especially high risk internet money. You should have a guaranteed inflation of 3-5% a year so that you don't keep more than you are willing to spend in the short run. The inflation tax should go to a charity you select.

Well, what these bubbles do is educate the masses. Don't be stupid is the message. A lot of people received it, and they won't repeat it. Ideally this will become a less common occurrence, to the point where it never happens (20+ years from now if it succeeds). People are getting an education, which I consider the silver lining on all this.

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: Crazy on April 16, 2013, 02:32:16 AM

I hope we NEVER see a bubble again.

Bitcoin bubbles are a good thing, they let people who believe in the idea to grow their holdings without spending much money, and also I'm sure we got some new faces this time who'll stick around. Iterative development is a very valid approach, too

BubbleBoy

sr. member

Activity: 504

Merit: 250

Quote from: Crazy on April 16, 2013, 02:32:16 AM

I hope we NEVER see a bubble again. But we probably will, just with a new batch of idiots. I'd much prefer slow to moderate growth that is coupled with adoption and innovation.

That can't be, efficient market and all. If bitcoin looks like it's on track for major adoption, fools will throw their money at it treating it as a "store of value". Therefore causing volatility, therefore breaking bitcoin as a currency. It's a self defeating prophecy caused by the hard limit on supply.

Money should not be a "store of value", especially high risk internet money. You should have a guaranteed inflation of 3-5% a year so that you don't keep more than you are willing to spend in the short run. The inflation tax should go to a charity you select.

Crazy

full member

Activity: 182

Merit: 106

I hope we NEVER see a bubble again. But we probably will, just with a new batch of idiots. I'd much prefer slow to moderate growth that is coupled with adoption and innovation.

Malawi

full member

Activity: 224

Merit: 100

One bitcoin to rule them all!

BTC just needs to rest a few months before the next bubble.

Wompaone

newbie

Activity: 24

Merit: 0

Look at all the whiney little bitches throwing their toys out've the pram. WHAAAAA WHAAAA WHAAAAA.

I hope you invested at £170 and got burned.

Good riddance.

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: wobber on April 16, 2013, 02:21:16 AM

No. It's just spreading bearish sentiments so they can profit.

Well, these are regular visitors here who do that (btw, "bitcoin is done" is not a bearish sentiment, it's a stupid statement that will be forever accredited to whomever said it), but there are also sincere believers that bitcoin is done because they lost 100 bucks Wink

wobber

legendary

Activity: 1064

Merit: 1001

Quote from: piramida on April 16, 2013, 02:16:14 AM

It's all the dummies who lined up to buy above $200 who declare bitcoin dead now, purely because of their lack of any understanding of what bitcoin is apart from a money making vessel they imagined in their greedy dreams

Those same dummies who will never buy at really good prices and then would complain during the next run "oh why didn't I buy half a year ago". Poor them.

No. It's just spreading bearish sentiments so they can profit.

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

It's all the dummies who lined up to buy above $200 who declare bitcoin dead now, purely because of their lack of any understanding of what bitcoin is apart from a money making vessel they imagined in their greedy dreams

Those same dummies who will never buy at really good prices and then would complain during the next run "oh why didn't I buy half a year ago". Poor them.

Buffer Overflow

legendary

Activity: 1652

Merit: 1016

"bitcoin is done"

LOL Cheesy

Blockchain is ticking along every 10mins just fine. Working okay to me.

noedaRDH

full member

Activity: 182

Merit: 100

Finding Satoshi

Quote from: pinger on April 16, 2013, 01:47:36 AM

If you really believe this, the central bank should be proud of the attack. IT WORKED! The Bitcoin spirit broken.

I'm happy to see, there are still lots of bulls in here.

There are more people involved in Bitcoins outside of those on these boards. I hardly believe Bitcoin is "done".

pinger

legendary

Activity: 1512

Merit: 1001

Bitcoin - Resistance is futile

If you really believe this, the central bank should be proud of the attack. IT WORKED! The Bitcoin spirit broken.

I'm happy to see, there are still lots of bulls in here.

Hyena

legendary

Activity: 2114

Merit: 1015

How can bitcoin be done if we're still up by 1000% with last 12 moths? Bitcoin rising or falling 150$ in a day is just market volatility. Expect more.

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

Quote from: ManBearPig on April 15, 2013, 09:14:02 PM

I love these rational analyses, free from emotional hyperbole.

Forget charts and fundamentals, here's a graph of the looseness of my bowels over the last week.

lol +1

bitcon

legendary

Activity: 2212

Merit: 1008

i think gold took a dive too recently or am i wrong?

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

People are dumping gold to buy cheap BTC. Cheesy

Topic: bitcoin is done. - page 2. (Read 4868 times)