It may not quite make 20 but tonight I'm gonna party like it's $19.99.
Oh, thanks for reminding me
http://www.youtube.com/watch?v=6yB5Dh4F7Es 
Topic: Bitcoin will never reach $20 again - page 9. (Read 40360 times)
Oh, thanks for reminding me
http://www.youtube.com/watch?v=6yB5Dh4F7Es 
It may not quite make 20 but tonight I'm gonna party like it's $19.99.
This is why I have liquidated my position in Bitcoins. There is very little upside going forward. No forward moves of late have any traction whatsoever and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast.
You want to make a bet on bitcoin never reaching $20 again ?
I'm pretty sure he's long gone. Last post of his was over a year ago...
You think he's dead? What sad news! R.I.P!!!
Quote
At least we've put the despair part behind us.
I have, but a newbie who bought at $18 2 days ago may feel differently. It's very likely that for many people their first experience of bitcoin is negative (at least for a few days).
Most of us are not natural speculators and to be thrown into the world of speculation can be a shock.
(If they hadn't sold them yet)
Gosh, it could be *days*! /impatient
:-)
Ente
:-)
Ente
$20 probably would have a fight and even a correction. Not a easy reach, so I'd say weeks.
Heck no! Days it is !
Quote
At least we've put the despair part behind us.
I have, but a newbie who bought at $18 2 days ago may feel differently. It's very likely that for many people their first experience of bitcoin is negative (at least for a few days).
Most of us are not natural speculators and to be thrown into the world of speculation can be a shock.
this is why i coach patience.
They feel a little better now, still 10% from $20 mark.
This thread will be resurrected one the mark is passed, but I guess it take a little patience to get to that point
Gosh, it could be *days*! /impatient
:-)
Ente
$20 probably would have a fight and even a correction. Not a easy reach, so I'd say weeks.
This is why I have liquidated my position in Bitcoins. There is very little upside going forward. No forward moves of late have any traction whatsoever and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast.
You want to make a bet on bitcoin never reaching $20 again ?
I'm pretty sure he's long gone. Last post of his was over a year ago...
This is why I have liquidated my position in Bitcoins. There is very little upside going forward. No forward moves of late have any traction whatsoever and demand continues to lag. Way too little upside for such a risky proposition so my advice is to move into dollars. Only a significant change in the economy could alter this forecast.
You want to make a bet on bitcoin never reaching $20 again ?
Quote
At least we've put the despair part behind us.
I have, but a newbie who bought at $18 2 days ago may feel differently. It's very likely that for many people their first experience of bitcoin is negative (at least for a few days).
Most of us are not natural speculators and to be thrown into the world of speculation can be a shock.
this is why i coach patience.
They feel a little better now, still 10% from $20 mark.
This thread will be resurrected one the mark is passed, but I guess it take a little patience to get to that point
Gosh, it could be *days*! /impatient
:-)
Ente
Quote
At least we've put the despair part behind us.
I have, but a newbie who bought at $18 2 days ago may feel differently. It's very likely that for many people their first experience of bitcoin is negative (at least for a few days).
Most of us are not natural speculators and to be thrown into the world of speculation can be a shock.
this is why i coach patience.
They feel a little better now, still 10% from $20 mark.
This thread will be resurrected one the mark is passed, but I guess it take a little patience to get to that point
Quote
At least we've put the despair part behind us.
I have, but a newbie who bought at $18 2 days ago may feel differently. It's very likely that for many people their first experience of bitcoin is negative (at least for a few days).
Most of us are not natural speculators and to be thrown into the world of speculation can be a shock.
this is why i coach patience.
Quote
At least we've put the despair part behind us.
I have, but a newbie who bought at $18 2 days ago may feel differently. It's very likely that for many people their first experience of bitcoin is negative (at least for a few days).
Most of us are not natural speculators and to be thrown into the world of speculation can be a shock.
Ja, PR was the wrong word. For my part I like the volatility, just for the thrill. But thats not good at all, less volatility would probably encourage more peolple to store some savings in BTC because they might think BTC could be worth more than gold sometime, like I do. Every super rich kid and some early adopters, have the power to crash or pump it. 200 mio market cap is a joke when it comes to stability. That is what I mean with time will tell.
Proudhon is one of the most sensible posters on this forum.
I appreciate him for his fidelity. He is not just another lemming waiting for an eagle to get him off the ground.
And I think a lot of people with similar sentiment are out there (not only Bitcoin, but other places where people try to store value). Keep in mind the time of this original post was right after the huge crash in 2011 where everyone was saying Bitcoin was done for. It echoes the sentiment of the time.
The only people who thought bitcoin was done for, were those only in it for the profit and not informed enough to understand bitcoin's significance.
The price of bitcoins does not matter for bitcoin the protocol.
I remember those "dark months" after the bubble, where nearly everyone on the forum was spouting the most negative crap. I think people who didn't understand this thing lost a lot of money, and wanted to make the community feel bad about it.
Those of us who stuck through it were the ones who took their profit. From weak hands to strong. This capital is too important to be in the hands of those who don't understand the potential of this system.
So alot of PR work still needs to be done, no wait I mean time will tell. Isn't it just normal that people lose their faith after catastrophic incidents like in June'11? You can't expect people to use or trust Bitcoin if it changes conditions like a student in Hogwarts on crack. The protocol doesn't care about the price, but why was it created for again? I don't consider Bitcoins usage too geeky, but for the most people it definitively still is something magical they don't even bother trying to understand at its core. So many contrasts in this community, I can only honor.
PR work? While I admire the businesses out there proselytizing the virtues of Bitcoin, ultimately it will be the success of businesses that draws public interest. The incident in 2011 was a paradigm shift for the folks that don't understand Bitcoin, it was one of many to come. As far as lemmings and eagles go, I think one of them nearly did go extinct. Honor if a fine sentiment, but it must be earned.
Proudhon is one of the most sensible posters on this forum.
I appreciate him for his fidelity. He is not just another lemming waiting for an eagle to get him off the ground.
And I think a lot of people with similar sentiment are out there (not only Bitcoin, but other places where people try to store value). Keep in mind the time of this original post was right after the huge crash in 2011 where everyone was saying Bitcoin was done for. It echoes the sentiment of the time.
The only people who thought bitcoin was done for, were those only in it for the profit and not informed enough to understand bitcoin's significance.
The price of bitcoins does not matter for bitcoin the protocol.
I remember those "dark months" after the bubble, where nearly everyone on the forum was spouting the most negative crap. I think people who didn't understand this thing lost a lot of money, and wanted to make the community feel bad about it.
Those of us who stuck through it were the ones who took their profit. From weak hands to strong. This capital is too important to be in the hands of those who don't understand the potential of this system.
So alot of PR work still needs to be done, no wait I mean time will tell. Isn't it just normal that people lose their faith after catastrophic incidents like in June'11? You can't expect people to use or trust Bitcoin if it changes conditions like a student in Hogwarts on crack. The protocol doesn't care about the price, but why was it created for again? I don't consider Bitcoins usage too geeky, but for the most people it definitively still is something magical they don't even bother trying to understand at its core. So many contrasts in this community, I can only honor.
what investment do you know of that grows 288% in one year?
Yeah, that doesnt make BTC sound better...it makes it sound like an overly risky investment in a bubble.
...which actually is a pretty fair assesment of BTC.
Proudhon continues to be a troll bear till this day .
Proudhon what investment do you know of that grows 288% in one year?
EDIT: and it has not been 3 years yet... We are in JANUARY. June would be 3 years....
. Proudhon what investment do you know of that grows 288% in one year?
EDIT: and it has not been 3 years yet... We are in JANUARY. June would be 3 years....
Keep in mind the time of this original post was right after the huge crash in 2011 where everyone was saying Bitcoin was done for. It echoes the sentiment of the time.
The only people who thought bitcoin was done for, were those only in it for the profit and not informed enough to understand bitcoin's significance.
The price of bitcoins does not matter for bitcoin the protocol.
I remember those "dark months" after the bubble, where nearly everyone on the forum was spouting the most negative crap. I think people who didn't understand this thing lost a lot of money, and wanted to make the community feel bad about it.
Those of us who stuck through it were the ones who took their profit. From weak hands to strong. This capital is too important to be in the hands of those who don't understand the potential of this system.
Proudhon is one of the most sensible posters on this forum.
The title of this thread probably won't be proven wrong by the OPs 2 year birthday. If that ends up being the case, that's a pretty big bummer that a full 2 years after the big crash this market will not have been able to recover to 2/3rds of its all-time price high. The reality is, unfortunately, bearing out that the rest of the world doesn't exactly think this project is as cool as most people around here do and I think that says something unsettling about bitcoin's future. Sure, it's something that the market cap has made it to those levels, but that's mostly because of inflation and people just holding their coins and not added economic activity or more investor money.
FWIW, I find myself using bitcoin more and more these days because I might as well use it and use the value I've managed to accumulate while I can. So, I'm doing my part, but, as has been the case pretty much since the big crash and all the hacks, I'm still not feeling very confident about bitcoin's future. Still fun though.
FWIW, I find myself using bitcoin more and more these days because I might as well use it and use the value I've managed to accumulate while I can. So, I'm doing my part, but, as has been the case pretty much since the big crash and all the hacks, I'm still not feeling very confident about bitcoin's future. Still fun though.
Proudhon: Where is your podcast!?
Im feeling too happy right now and need something to calm me down and cry a little. Cant you help me?
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