Topic: DCB Over, Back to reality (Read 3993 times)

Quote from: JimboToronto on October 11, 2014, 12:04:43 PM

Predicting a price decline isn't trolling, by the way. Starting a new account and heading directly to the Speculation sub-forum to start a new thread telling people how they are going to "go broke" if they don't "get the fuck out of Bitcoin" is trolling however.

Bingo.

There are many thoughtful respected bear posters including Legends and Heroes who are not trolls.

Obvious trolls are obvious though.

Just before I head out for the night. Jimbo, not sure you know but you made it onto the cnbc webpage

Thanks. I saw that. Someone pointed it out already in Adam's thread.

That post from last January was a reaction to the Karhu silliness that was popular at the time along with Proudhon's "confirmed" meme.

Like most things in Bitcoin, it took many months to reach the mainstream media.

inca

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Predicting a price decline isn't trolling, by the way. Starting a new account and heading directly to the Speculation sub-forum to start a new thread telling people how they are going to "go broke" if they don't "get the fuck out of Bitcoin" is trolling however.

Bingo.

There are many thoughtful respected bear posters including Legends and Heroes who are not trolls.

Obvious trolls are obvious though.

Just before I head out for the night. Jimbo, not sure you know but you made it onto the cnbc webpage

JimboToronto

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You're never too old to think young.

Quote from: abs350 on October 10, 2014, 03:10:51 PM

Predicting a price decline isn't trolling, by the way. Starting a new account and heading directly to the Speculation sub-forum to start a new thread telling people how they are going to "go broke" if they don't "get the fuck out of Bitcoin" is trolling however.

Bingo.

There are many thoughtful respected bear posters including Legends and Heroes who are not trolls.

Obvious trolls are obvious though.

Arsenay

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Merit: 100

use Mintpal
and you will not have any problems with the price and $
recommend))

RodeoX

legendary

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The revolution will be monetized!

Ok so the price is now falling again.

We'll hit $200 in the next week.

Get the f*** out of bitcon or you'll go broke soon!

Buwahahahah! Cheesy

NotLambchop

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Quote from: inca on October 11, 2014, 11:24:11 AM

...
None of the replies actually dispute the reasoning. Because you all believe it yourselves.

Right off out on the sauce.

Believe what?

inca

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Quote from: NotLambchop on October 11, 2014, 11:09:35 AM

...
When the price rises the next wave will come in just like every other time.

You know what else works like that?

None of the replies actually dispute the reasoning. Because you all believe it yourselves.

Right off out on the sauce.

NotLambchop

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Activity: 378

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Quote from: sickpig on October 11, 2014, 05:22:40 AM

...
When the price rises the next wave will come in just like every other time.

You know what else works like that?

yefi

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Quote from: piramida on October 11, 2014, 03:44:21 AM

Quote from: JimboToronto on October 11, 2014, 03:43:14 AM

Quote from: saddampbuh on October 11, 2014, 03:35:15 AM

another one to put on ignore

It's seriously time to bring back noob jail but increase it to 6 months to post and a year to start threads.

where do I vote for that. I'd say, make it impossible to post if you have less than 1 posts, that would fix it.

LOLed hard

While at it could someone remind me the reasons why previous newbie restrictions have been removed?

Because trolls were dying off, and it was feared by the secret troll-lovers that there would soon be none within the city walls. To replenish their numbers, the drawbridge was thus lowered at night, and the hoard of monsters from the wild funnelled into the acropolis.

An amorous cow-herder

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Quote from: inca on October 11, 2014, 09:50:26 AM

You missed the main thrust deliberately which is that consumers haven't driven bitcoin previously, nor will they drive the next price cycle.

Right. Previous cycles were broader media coverage. People speculating that BTC could grow big (and that obviously means consumer adoption, what else?).

Quote from: inca on October 11, 2014, 09:50:26 AM

The rest is just you trolling. Shame.

I think you should repeat that sentance.
In front of a mirror.

inca

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Quote from: An amorous cow-herder on October 11, 2014, 08:07:27 AM

But to the average joe it's benefits and use case are basically an unknown.

Thats a pretty good thing actually. Means they also dont know about all the deficits. And thats there is time to improve it before its ready for wide adoption.

You keep repeating yourself that it is about consumer adoption. I am not sure why you say that when precisely none of the previous bubbles relied upon consumers adopting bitcoin to drive the price rises.

All of the previous bubbles have aligned with extended media coverage. At first just some crypto-related channels. Later on tech sites, e.g. slashdot and similiar. And even further on main-stream media.

People like to balance their risk and when bitcoin is accessible by the trillions of dollars in share portfolios it doesn't take much foresight to see the price will potentially leap upwards dramatically.

And why would someone invest trillions into a technology that hasnt seen any significant user adoption?

Consumer adoption will rise with bitcoin, especially as utility of the digital currency improves online. But it is not consumers adopting bitcoin which will move the price up from the relative lows it is experiencing now.

I´m pretty sure that bitcoin will/would rise with consumer adoption, not the other way round. Why would a consumer, who wants to use it as a payment system or store of value, be interested in how much a single coin is worth? Thats just an arbitrary number. Thats like saying consumer adoption would be higher if Satoshi had decided to cap the maximum at 2.1M instead of 21M, because a bitcoin would be worth ten times as much now.

You missed the main thrust deliberately which is that consumers haven't driven bitcoin previously, nor will they drive the next price cycle.

Why would investors invest a tiny stake into a speculative position via their 401k or ISA? To realise potential spectacular gains. You also skipped over there being no current vehicle for a normal investor to hold bitcoin in a tax efficient way. Why would trillions be invested? it doesn't take trillions of course, simply a few tens of millions out of trillions to push us well past the previous ATH and start a new mania off.

The rest is just you trolling. Shame.

An amorous cow-herder

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Activity: 322

Merit: 250

But to the average joe it's benefits and use case are basically an unknown.

Thats a pretty good thing actually. Means they also dont know about all the deficits. And thats there is time to improve it before its ready for wide adoption.

You keep repeating yourself that it is about consumer adoption. I am not sure why you say that when precisely none of the previous bubbles relied upon consumers adopting bitcoin to drive the price rises.

All of the previous bubbles have aligned with extended media coverage. At first just some crypto-related channels. Later on tech sites, e.g. slashdot and similiar. And even further on main-stream media.

People like to balance their risk and when bitcoin is accessible by the trillions of dollars in share portfolios it doesn't take much foresight to see the price will potentially leap upwards dramatically.

And why would someone invest trillions into a technology that hasnt seen any significant user adoption?

Consumer adoption will rise with bitcoin, especially as utility of the digital currency improves online. But it is not consumers adopting bitcoin which will move the price up from the relative lows it is experiencing now.

I´m pretty sure that bitcoin will/would rise with consumer adoption, not the other way round. Why would a consumer, who wants to use it as a payment system or store of value, be interested in how much a single coin is worth? Thats just an arbitrary number. Thats like saying consumer adoption would be higher if Satoshi had decided to cap the maximum at 2.1M instead of 21M, because a bitcoin would be worth ten times as much now.

spiderbrain

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Quote from: An amorous cow-herder on October 11, 2014, 07:30:20 AM

Trolls have correctly predicted 87 of the last 4 Bitcoin crashes.

=D

inca

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Quote from: An amorous cow-herder on October 11, 2014, 05:43:04 AM

By now pretty much everyone who could invest in BTC knows about it. Its about consumer adoption now.

Don't talk utter nonsense. Between 300,000 and roughly a million people use bitcoin and you think everyone who could invest in BTC knows about it?
When the price rises the next wave will come in just like every other time.

Ok, then which potential investor doesnt know about bitcoin?
Banks know about (and a couple have even written papers about it), governments know about it (and have written advisories), Wall Street and investors knows about it (and have invested quite a lot of money into startups around bitcoin). Who doesnt know about it?
Its about consumer adoption know (i know, i´m repeating myself here).

I suggest you go outside this echo chamber and venture into the real world. Bitcoin remains virtually unknown by the general public. Sure it has been on CNBC and hits the MSM when the price crashes or experiences insane volatility. But to the average joe it's benefits and use case are basically an unknown.

You keep repeating yourself that it is about consumer adoption. I am not sure why you say that when precisely none of the previous bubbles relied upon consumers adopting bitcoin to drive the price rises.

As to which investors do not know about bitcoin? The average investor still has no vehicle through which to invest in bitcoin in a tax efficient manner at all - yet. You think investors will send money to an unregulated exchange in Slovenia? I might. But that is not the average investor by any stretch of the imagination. People like to balance their risk and when bitcoin is accessible by the trillions of dollars in share portfolios it doesn't take much foresight to see the price will potentially leap upwards dramatically.

Consumer adoption will rise with bitcoin, especially as utility of the digital currency improves online. But it is not consumers adopting bitcoin which will move the price up from the relative lows it is experiencing now.

An amorous cow-herder

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Activity: 322

Merit: 250