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Topic: Bitcoin is dying...permanently - page 2. (Read 6075 times)

legendary
Activity: 1190
Merit: 1000
Look ARROUND!
September 03, 2014, 12:43:26 AM
meh, the price might fall to $300, or maybe $250
legendary
Activity: 2674
Merit: 3000
Terminated.
August 23, 2014, 06:21:32 PM
Haha. It's ironic that I was just on a "Facebook is dead" thread just before (https://bitcointalksearch.org/topic/facebook-is-dead-613251). Facebook will die for sure, but Bitcoin will survive for many many many years to come. You made a valid point about miners adjusting to the minor difficulties that may arise in the future.
I ran into that thread today too. People can say what they want, but there are too many "stupid" people; ignorant or whatever you want to call them. Facebook is far far from dying. Don't get me wrong I want it to die too!
Bitcoin shall survive, and I don't see a problem with mining. Unless a pool gets to 50% and over again.
legendary
Activity: 2674
Merit: 3000
Terminated.
August 23, 2014, 06:00:47 PM
Bitcoin mining bubble that will collapse one day... Shocked
So now we have a "mining bubble" too?

Is this a "facebook bubble" that will collapse?
Mining won't collapse, once it becomes unprofitable some miners will turn their devices off the difficulty will adjust and it will be profitable again for the remaining bunch.
sr. member
Activity: 518
Merit: 250
August 23, 2014, 04:30:10 PM
Do you guys honetly think taht there will be collapse of USD? Do you think that bankers would let it happen? They will just erase the debt, if there will not be any other way... Why wouldnt they do it? They will go default and act like nothing happend.
At one point it's impossible to maintain, like the Deutsche Mark or Zimbabwe Dollar. By then they will realise they lost power  Smiley
newbie
Activity: 43
Merit: 0
August 23, 2014, 04:06:59 PM
Do you guys honetly think taht there will be collapse of USD? Do you think that bankers would let it happen? They will just erase the debt, if there will not be any other way... Why wouldnt they do it? They will go default and act like nothing happend.
legendary
Activity: 910
Merit: 1000
August 22, 2014, 09:54:33 AM
#99
yes, some day but not yet
full member
Activity: 126
Merit: 100
★Bitin.io★ - Instant Exchange
August 21, 2014, 02:46:33 PM
#98
First people are saying that BTC is growing so fast and next thing it is dying... not sure what to believe anymore Undecided
newbie
Activity: 28
Merit: 0
August 21, 2014, 11:29:30 AM
#97
I don't think so.There still a chance.So buddy, don't worry about this, just wait and see because good things come to those who wait.
member
Activity: 62
Merit: 10
August 21, 2014, 11:14:56 AM
#96
Just watched it drop 3 cents. Its the end I tell you!
member
Activity: 112
Merit: 10
August 21, 2014, 11:12:52 AM
#95
Going alive again with its value going up a little.  Grin

Maybe last breaths? Cheesy
full member
Activity: 153
Merit: 100
August 21, 2014, 11:08:53 AM
#94
Going alive again with its value going up a little.  Grin
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
August 15, 2014, 01:20:05 PM
#93
you have never seen a bubble bursting right?
newbie
Activity: 59
Merit: 0
August 15, 2014, 12:42:11 PM
#92
They aren't dying there just going up and down like always.
sr. member
Activity: 294
Merit: 250
August 15, 2014, 12:04:10 PM
#91
I met this so called Lady Shazam once upon a time..she told me..I will be dead in 2 days..I am still here...
sr. member
Activity: 294
Merit: 250
***THIS ACCOUNT IS NO LONGER ACTIVE***
August 15, 2014, 11:49:14 AM
#90
These troll threads honestly need to stop, I am tired of them. Please stop.
newbie
Activity: 24
Merit: 0
August 15, 2014, 11:42:02 AM
#89
I hope not, I just invested into some more coin  Angry
legendary
Activity: 1918
Merit: 1018
August 15, 2014, 11:18:40 AM
#88
It is a theory but it would still probably be bad for Bitcoin to be banned

Imho, it would actually be good. It would help to get rid of speculators, and instead all of those who would risk using it are the legit users, who are not only into cryptocurrencies to make a quick buck.

Understand your reasoning but massive adoption will be postponed if Bitcoin was banned

It is hard to speculate because we don't know the world we'll live in in 10years after the western financial collapse and the USD collapse
sr. member
Activity: 462
Merit: 253
August 15, 2014, 07:44:13 AM
#87
It is a theory but it would still probably be bad for Bitcoin to be banned

Imho, it would actually be good. It would help to get rid of speculators, and instead all of those who would risk using it are the legit users, who are not only into cryptocurrencies to make a quick buck.
legendary
Activity: 1918
Merit: 1018
August 15, 2014, 07:35:50 AM
#86

There's always going to be a certain amount of bitcoin activity around, just like there's a certain amount of criminal or drug related activity around. However much lawmakers would prefer to suppress or eliminate that activity, there's always a percentage of people who'll make up their own mind on what they choose to do irrespective of what types of behaviour is preferred or expected.

The main issue with bitcoin is that without formal governmental regulation, it exists on the fringe of society, much like criminality or drugs and with bitcoin occupying the shadowy world between legality and illegality it doesn't provide confidence to those potentially interested parties who would be willing to get involved or those that want to increase their involvement and move forward strongly with the currency.

There's an oft-used phrase in financial markets, "Business hates uncertainty," and there's absolutely no doubt that with bitcoin being essentially unregulated, the lack of clear, accepted international financial, tax and capital gains valuation and reporting mechanisms present substantial headwinds to the continuing growth of the unit.

Bitcoin might not be dying, but isn't thriving either.

What do you want your investments to do? Do you want them to thrive or do you prefer to have doubts about even the viability of bitcoin?

Beware the regulatory hammer that may criminalise your coins at the stroke of a pen.

Remember FDR's gold debacle of 1933 and ensure that you're suitably diversified.

 Smiley






There is no move on criminalizing Bitcoin, even in China, and there are countries that are Bitcoin friendly, like Denmark, Germany and UK.

Also there are already norms about how to handle taxes and report bitcoin gains, in USA and in other parts of the world. May not be the best laws, but they  can be improved over time.

We are not one year ago, Bitcoin is not an investment in the gray are between legality and illegality, at least not anymore since the Silk Road auction. I don't think US would sell something they are about to make illegal.

The doubt now is how(and not if) Bitcoin will be regularized in USA and around the world.

Countries making Bitcoin illegal would only trigger a flash-crash; cryptocurrencies would survive through TOR, just like alcohol has survived through prohibition. It gives benefits that many wouldn't mind breaking the law for.

It is a theory but it would still probably be bad for Bitcoin to be banned
newbie
Activity: 4
Merit: 0
August 15, 2014, 07:33:47 AM
#85
I believe It will recover to $600 in 3 weeks..
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