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Topic: CNNMoney - Where did bitcoin go wrong? (Read 5878 times)

member
Activity: 462
Merit: 10
November 07, 2014, 07:53:12 PM
#86
I think my family rob me.
hero member
Activity: 616
Merit: 500
November 07, 2014, 02:22:44 AM
#85
THEN: May 28th, 2014

BTC to break $2,000 mark by Christmas – Experts

http://cointelegraph.com/news/111597/btc_to_break_2_000_mark_by_christmas_experts

So, you can just imagine the staggering overinvestment  NOW in bitcoin mining.

Maybe the market is just trying to get rid of overcapacity.

A few big bankruptcies in the coming months would probably do wonders.

From another biased point of view though.. CNN and cointelegraph are extremely biased. We need a news source that is completely unbiased now!
I am sorry to tell you that there is no such thing. If you look at the CNN articles regarding some political issue that allows comments, the top comment (based on votes) will almost always contain something about CNN being biased and not reporting the whole story.

The same is true for most other MSM sites

If you read the cointelegraph story you´ll see the price predictions of those experts. They´re just being quoted.
hero member
Activity: 525
Merit: 500
November 07, 2014, 02:03:40 AM
#84
> Jeffrey Robinson is an American author of 29 books. He has been described by the British Bankers' Association as "the world's leading financial crime author". Wikipedia.

After decades of thinking this way how else could such a person view Bitcoin? He builds a framework according to his cosmos, finds selective stats, quotes, and events to flesh it out, and voila! yet another financial crime book.
hero member
Activity: 784
Merit: 500
November 06, 2014, 06:28:38 PM
#83
THEN: May 28th, 2014

BTC to break $2,000 mark by Christmas – Experts

http://cointelegraph.com/news/111597/btc_to_break_2_000_mark_by_christmas_experts

So, you can just imagine the staggering overinvestment  NOW in bitcoin mining.

Maybe the market is just trying to get rid of overcapacity.

A few big bankruptcies in the coming months would probably do wonders.

From another biased point of view though.. CNN and cointelegraph are extremely biased. We need a news source that is completely unbiased now!
I am sorry to tell you that there is no such thing. If you look at the CNN articles regarding some political issue that allows comments, the top comment (based on votes) will almost always contain something about CNN being biased and not reporting the whole story.

The same is true for most other MSM sites
hero member
Activity: 616
Merit: 500
November 05, 2014, 04:57:00 PM
#82
Can we take that as a buy signal?
I've been hearing about "buy signals" whole year.

Every day I read bitcoin news it feel like I should buy more, then I look at the charts and think "wtf is going on?!"

Yeah, the problem with the "buy signals" you've been hearing is that they aren't based in any fact...just opinion. IF I, as a stranger to you, said "buy Coca Cola stock now!" would you do it? No.

I agree there is a future for BTC but the best way we can promote it is by discussion with those that don't use it and supporting, sharing the media attention. Share articles through Twitter, Facebook, Linkedin, etc.

Increased awareness will bring increased adoption.

Exactement.
sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
November 05, 2014, 04:51:02 PM
#81
Can we take that as a buy signal?
I've been hearing about "buy signals" whole year.

Every day I read bitcoin news it feel like I should buy more, then I look at the charts and think "wtf is going on?!"

Yeah, the problem with the "buy signals" you've been hearing is that they aren't based in any fact...just opinion. IF I, as a stranger to you, said "buy Coca Cola stock now!" would you do it? No.

I agree there is a future for BTC but the best way we can promote it is by discussion with those that don't use it and supporting, sharing the media attention. Share articles through Twitter, Facebook, Linkedin, etc.

Increased awareness will bring increased adoption.
hero member
Activity: 700
Merit: 500
If you think you know me.. Think again
November 05, 2014, 12:36:17 PM
#80
THEN: May 28th, 2014

BTC to break $2,000 mark by Christmas – Experts

http://cointelegraph.com/news/111597/btc_to_break_2_000_mark_by_christmas_experts

So, you can just imagine the staggering overinvestment  NOW in bitcoin mining.

Maybe the market is just trying to get rid of overcapacity.

A few big bankruptcies in the coming months would probably do wonders.

From another biased point of view though.. CNN and cointelegraph are extremely biased. We need a news source that is completely unbiased now!
legendary
Activity: 4256
Merit: 1313
November 05, 2014, 09:21:12 AM
#79
"Trustworthy, honest news source:  Where did CNN go wrong?"

"Virtual currency is the future, there's no doubt about that"

Bitcoin is just a step along the way according to them.

They discuss where bitcoin may have gone wrong (quite interesting actually) :

http://www.youtube.com/watch?v=GYJdOiLqSxE


legendary
Activity: 1540
Merit: 1029
November 05, 2014, 09:19:36 AM
#78
People could ask the same question. Where did CNN go wrong?
sr. member
Activity: 378
Merit: 250
November 04, 2014, 10:41:56 PM
#77
Yeah, yeah the death of the dollar is right around the corner

the 30th year in a row.
You mean the former reserve currency being replaced by RMB?
I would doubt that China would ever have a world reserve currency as they are a net exporter by a large margin, meaning that other countries will have little reason to have large amounts of RMB as China is a natural buyer of foreign currencies
hero member
Activity: 616
Merit: 500
November 04, 2014, 09:35:00 PM
#76
Yeah, yeah the death of the dollar is right around the corner

the 30th year in a row.
You mean the former reserve currency being replaced by RMB?

Another 2-3% and the greenback is right at the tops of 2009 and 2010.

I doubt it´ll go much further.

The DJIA is the flagship of the stock market and the stronger the dollar
gets the fewer dollars those multinationals get to book as revenue and
profits back home. So, it´ll probably sag soon in time for the year end books.
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
November 04, 2014, 09:24:07 PM
#75
Yeah, yeah the death of the dollar is right around the corner

the 30th year in a row.
You mean the former reserve currency being replaced by RMB?
hero member
Activity: 616
Merit: 500
November 04, 2014, 06:59:50 PM
#74
Yeah, yeah the death of the dollar is right around the corner

the 30th year in a row.
newbie
Activity: 10
Merit: 0
November 04, 2014, 06:57:49 PM
#73
So, virtual currencies are the future, but the largest, most advanced blockchain by far, Bitcoin, has no future? Bitcoin is still very young, and will never be "finished". It just keeps getting bigger and better.

Does not compute.

And he kept saying "pretend currency" which is a pretty big fallacy when you consider the Federal Reserve up until recently was creating their own actual pretend money ad nauseum to prop up a broken economic system captained by financial tyrants. Bitcoin cannot be duplicated this way, which makes it more real to me than the Dollar is. Computer enforced scarcity ensures this.

Move along, nothing to see here.
hero member
Activity: 616
Merit: 500
November 04, 2014, 06:55:58 PM
#72
To feel safe with your funds on those so called exchanges
you really have to remove them every night. Just in case
the exchange gets "hacked" (the most popular fairy tale
that idiots buy when these things blow up) and your money
disappears.
hero member
Activity: 616
Merit: 500
November 04, 2014, 06:51:22 PM
#71
It won´t go anywhere until big money investors bring in volume.

And they´re not interested in a totally unregulated and scam ridden
marketplace with a shaky infrastructure and exchanges with different
shades of sleaziness.
hero member
Activity: 616
Merit: 500
November 04, 2014, 06:37:37 PM
#70
So, what is it with this nano-volume? I mean, Facebook stock alone in 6 1/2 hours turns over about 100x more in dollar terms. The forex market, 5 Trillion dollars in a day.

Obviously with such a thin trade this puppy has been a darling of short sellers all year.
newbie
Activity: 9
Merit: 0
November 04, 2014, 06:22:22 PM
#69
That guy is going to feel like the worlds biggest idiot in a few weeks.

He is going to have to shave his head and grow a beard

mark my words

Sure hope so  Undecided
newbie
Activity: 50
Merit: 0
November 04, 2014, 05:51:39 PM
#68
That guy is going to feel like the worlds biggest idiot in a few weeks.

He is going to have to shave his head and grow a beard

mark my words
hero member
Activity: 616
Merit: 500
November 04, 2014, 04:03:09 PM
#67
The incredibly paltry volume persists.

Let´s hope it improves in the new year.
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