Bye bye bitcoin - page 5. | Bitcointalksearch.org

wingding

hero member

Activity: 770

Merit: 504

Thanks for nice replies! A few facts:
Good some of you're happy to have bought my coins cheap. They were cheaper when i got them

And yes, I did have a lot of coins. Not like Gavin or Satoshi - no no. But still.
And yes, I did make a profit, maybe some 20%. I certainly lost some money due to MtGox withdrawal fuzz and arbitrage.
I do feel happy.

Quote from: Birdy on October 11, 2013, 10:47:04 AM

To get some more discussion into the thread:
Why did you have Bitcoins then? What changed your mind?

Personally I feel more like dollar and euro in their current form are doomed to fail.
Bitcoin is still very risky though, but I wouldn't sell all of them ^^

Good question! My main issue with bitcoin is the immorality of it. Explained simply: When my government issues new money, those money are used to run schools, build roads, provide health care , etc. So fiat money has some moral basis. When you buy bitcoins, some people get rich from that, nothing else.

Rluner

full member

Activity: 126

Merit: 100

Quote from: wingding on October 11, 2013, 10:31:59 AM

My last bitcoin finally sold! It's a relief. Bitcoin is doomed to fail. It has a price, but it has no value. It has made a few people rich, but most people shall loose. A currency? It is only speculation and nothing more. Bitcoin has not and will not become a real medium for exchange. What remains for bitcoin now is the large holders to sell out their coins, but in a tempo that does not crash the 'market'. It will be interesting to see how bitcoin's decline plays out. Good luck, either buying or selling, but if you do the former, you need it most.

Everyone has a right to their views. I wish you all the best.

Paintings have a value only because users want to own them, no other reason.

I personally feel bitcoin will continue to grow and do well, especially with the current world financial issues ATM.

seafarer124

sr. member

Activity: 302

Merit: 250

So, all these people putting heaps, time and money, into start-ups have no confidence in BTC?

bigasic

hero member

Activity: 924

Merit: 1000

Quote from: wingding on October 11, 2013, 10:31:59 AM

My last bitcoin finally sold! It's a relief. Bitcoin is doomed to fail. It has a price, but it has no value. It has made a few people rich, but most people shall loose. A currency? It is only speculation and nothing more. Bitcoin has not and will not become a real medium for exchange. What remains for bitcoin now is the large holders to sell out their coins, but in a tempo that does not crash the 'market'. It will be interesting to see how bitcoin's decline plays out. Good luck, either buying or selling, but if you do the former, you need it most.

you obviously dont understand bitcoin. Bitcoin is not only a currency/commodity, but really a new technology.. look at all these different ideas springing up. Mastercoin is one..

We haven't even begun to see what bitcoin can or will do.. Bitcoin is a better place without people like you in it...adios..

Also, why would you sell every last one? If I was going to call bitcoin quits, I would probably hold on to a couple, just in case it skyrockets... I don't hold every extra dime that I have in bitcoin, that would be stupid, its called diversity, lol... Buy some gold with your coin, buy some stock, even a little fiat, but to get rid of every bitcent is a little extreme...

Birdy

sr. member

Activity: 364

Merit: 250

Quote from: Ipsum on October 11, 2013, 10:58:51 AM

Quote from: Birdy on October 11, 2013, 10:47:04 AM

Personally I feel more like dollar and euro in their current form are doomed to fail.
Bitcoin is still very risky though, but I wouldn't sell all of them ^^

Neither the dollar nor the euro are going anywhere. They may/will fluctuate in value, but they're certainly not going anywhere. Notably unlike Bitcoin, they actually have something backing their value: Giant armies that will ensure that any land within their jurisdiction has its property taxes paid in fiat, and the ability to insist on paying all their government's expenses (which are huge, obviously) in fiat currency.

So were a lot of the older fiat currencies that were killed due to hyperinflation in the past.
Granted there will be something issued by the state to replace them then.

gwoplock

full member

Activity: 173

Merit: 108

Quote from: superduh on October 11, 2013, 10:56:25 AM

i doubt he had any coins to begin with with that kind of attitutde

he did look at his other posts...

Ipsum

member

Activity: 62

Merit: 10

Quote from: Birdy on October 11, 2013, 10:47:04 AM

Personally I feel more like dollar and euro in their current form are doomed to fail.
Bitcoin is still very risky though, but I wouldn't sell all of them ^^

Neither the dollar nor the euro are going anywhere. They may/will fluctuate in value, but they're certainly not going anywhere. Notably unlike Bitcoin, they actually have something backing their value: Giant armies that will ensure that any land within their jurisdiction has its property taxes paid in fiat, and the ability to insist on paying all their government's expenses (which are huge, obviously) in fiat currency.

balanghai

sr. member

Activity: 364

Merit: 253

The best thing that happened here is that the OP is feeling better. Grin

superduh

hero member

Activity: 602

Merit: 500

i doubt he had any coins to begin with with that kind of attitutde

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

Maybe he expected a get rich quick scheme

Birdy

sr. member

Activity: 364

Merit: 250

Quote from: wingding on October 11, 2013, 10:31:59 AM

My last bitcoin finally sold! It's a relief. Bitcoin is doomed to fail. It has a price, but it has no value. It has made a few people rich, but most people shall loose. A currency? It is only speculation and nothing more. Bitcoin has not and will not become a real medium for exchange. What remains for bitcoin now is the large holders to sell out their coins, but in a tempo that does not crash the 'market'. It will be interesting to see how bitcoin's decline plays out. Good luck, either buying or selling, but if you do the former, you need it most.

To get some more discussion into the thread:
Why did you have Bitcoins then? What changed your mind?

Personally I feel more like dollar and euro in their current form are doomed to fail.
Bitcoin is still very risky though, but I wouldn't sell all of them ^^

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

It is doomed to fail? Then surely i will find tons of people willing to sell bitcoins for 1 cent each!

viriat0

hero member

Activity: 1008

Merit: 501

Good luck and good bye!

Ipsum

member

Activity: 62

Merit: 10

Quote from: wingding on October 11, 2013, 10:31:59 AM

My last bitcoin finally sold! It's a relief. Bitcoin is doomed to fail. It has a price, but it has no value. It has made a few people rich, but most people shall loose. A currency? It is only speculation and nothing more. Bitcoin has not and will not become a real medium for exchange. What remains for bitcoin now is the large holders to sell out their coins, but in a tempo that does not crash the 'market'. It will be interesting to see how bitcoin's decline plays out. Good luck, either buying or selling, but if you do the former, you need it most.

Well, you could be right. Myself, I hold about 1% of my net worth in bitcoin. If I lose 100% of that value, it's not going to ruin my life. It bitcoin does actually take off and become widely useful, I'll be set for life by the rise in price.

So from my perspective, while bitcoin is extremely risky as a speculative vehicle, the potential upside in the case of bitcoin going beyond the ultra-niche currency it is today to something widely used is massive, and potentially a couple magnitudes larger than the loss I could incur.

Hope you made money when you sold!

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

yes bitcoin is doomed, Litecoin is comming! ....just kidding (i like both) ;-)

you are a free man, bye Wink

foggyb

legendary

Activity: 1736

Merit: 1006

See ya, and thanks for the cheap coins.

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Good bye to you, and good riddance.

+1, don't let the door hit you in the ass on the way out!

kibblesnbits

hero member

Activity: 557

Merit: 500

Quote from: wingding on October 11, 2013, 10:31:59 AM

My last bitcoin finally sold! It's a relief. Bitcoin is doomed to fail. It has a price, but it has no value. It has made a few people rich, but most people shall loose. A currency? It is only speculation and nothing more. Bitcoin has not and will not become a real medium for exchange. What remains for bitcoin now is the large holders to sell out their coins, but in a tempo that does not crash the 'market'. It will be interesting to see how bitcoin's decline plays out. Good luck, either buying or selling, but if you do the former, you need it most.

I disagree. Most people will tight.

If it has no value, you sold it at 0, right?
Don't let the door hit ya!

wingding

hero member

Activity: 770

Merit: 504

My last bitcoin finally sold! It's a relief. Bitcoin is doomed to fail. It has a price, but it has no value. It has made a few people rich, but most people shall loose. A currency? It is only speculation and nothing more. Bitcoin has not and will not become a real medium for exchange. What remains for bitcoin now is the large holders to sell out their coins, but in a tempo that does not crash the 'market'. It will be interesting to see how bitcoin's decline plays out. Good luck, either buying or selling, but if you do the former, you need it most.

Topic: Bye bye bitcoin - page 5. (Read 9035 times)