The primary thing that would make it fail is if the majority of bitcoin holders stop believing in it. Until then, bitcoin will continue to rise.
Volume tells u all u need
Topic: Doubts about bitcoin these days... (Read 5435 times)
Volume tells u all u need
To quote:
"Buy when there's blood in the streets, even if the blood is your own."
This is contrarian investing at its heart - the strongly-held belief that the worse things seem in the market, the better the opportunities are for profit.
...as Warren Buffett warned, "You pay a very high price in the stock market for a cheery consensus." In other words, if everyone agrees with your investment decision, then it's probably not a good one.
"Buy when there's blood in the streets, even if the blood is your own."
This is contrarian investing at its heart - the strongly-held belief that the worse things seem in the market, the better the opportunities are for profit.
...as Warren Buffett warned, "You pay a very high price in the stock market for a cheery consensus." In other words, if everyone agrees with your investment decision, then it's probably not a good one.
The primary thing that would make it fail is if the majority of bitcoin holders stop believing in it. Until then, bitcoin will continue to rise.
stay calm. bitcoin is a not just a technology. its no new iphone or a new social network or a security. its a revolution, it opposes hard structures of society.
and bitcoin just works fine as a currency, altcoins have become rich, and society is about to learn it. veeery slowly. strong wood to digg.
every person in my peers, about thierty and academics, dont even know bitcoin exist till i tell them, even the liberrarians. many are interested, no one buys, i dont persuade them ... politicians and businessmen and consumers dont know nothing about bitcoin at the moment.
you can buy book about every poops of existing thing, and not a single one about bitcoins. but the media is electrizised, cause bitcoin is exciting. science is also fascinated, cause bitcoin is complicated, business is interested cause bitcoin is money ... and so on
last year they had to realize, bitcoin exists and is no joke.
now they start to realize, how bitcoin works and what its good for
and bitcoin just works fine as a currency, altcoins have become rich, and society is about to learn it. veeery slowly. strong wood to digg.
every person in my peers, about thierty and academics, dont even know bitcoin exist till i tell them, even the liberrarians. many are interested, no one buys, i dont persuade them ... politicians and businessmen and consumers dont know nothing about bitcoin at the moment.
you can buy book about every poops of existing thing, and not a single one about bitcoins. but the media is electrizised, cause bitcoin is exciting. science is also fascinated, cause bitcoin is complicated, business is interested cause bitcoin is money ... and so on
last year they had to realize, bitcoin exists and is no joke.
now they start to realize, how bitcoin works and what its good for
Creating hundreds of blockchain wallets to make it look like bitcoin users are signing up everyday. Using that tactic on impressionable people like yourself solidifies my thinking. Now you think bitcoin is more popular because lots of wallets have been created when it all could of been someone with a fancy script creating wallets to pump up the market. People have their purposes. Maybe it is a CEO of another exchange getting ready to steal everyone's bitcoin and he needs to spread all that bitcoin over a large amount of wallets.
The number of active addresses is increasing at its highest rate ever. Active meaning, addresses sending coins to other addresses in the past 24 hours. Adoption is increasing, no matter what you may claim could hypothetically be happening. Face it, you had your chance at 400 USD coins, and you didn't go all in. Live with it. Move on.
And I think that is a huge problem. Gauging bitcoin on how many wallets are opened on blockchain is the worst. Those wallets are all there just ready for someone to steal them. Anyone with an email address/computer can create a wallet on blockchain. They can create 10 wallets per day if they wanted to. And they could be 10 years old. That really doesn't mean anything.
1. Over 90% of these wallets have been created in the last 12 months
2. Why would anybody bother to create 10 blockchain wallets? Each blockchain wallet allows for multiple addresses so multiple wallets serve no purpose.
3. Hacking a blockchain wallet with 2FA is almost impossible.
3. If you can think of a better measure of btc adoption, do say .....
Creating hundreds of blockchain wallets to make it look like bitcoin users are signing up everyday. Using that tactic on impressionable people like yourself solidifies my thinking. Now you think bitcoin is more popular because lots of wallets have been created when it all could of been someone with a fancy script creating wallets to pump up the market. People have their purposes. Maybe it is a CEO of another exchange getting ready to steal everyone's bitcoin and he needs to spread all that bitcoin over a large amount of wallets.
OP: registered april 2012. still doesn't know how computer security or bitcoin works.
Anyone that leaves a bitcoin tip jar in their signature is gay and under the age of 22.
You're are kids, playing on the computer "thinking" you know what you are doing.
They might be under 22, but your maturity is showing.
And I think that is a huge problem. Gauging bitcoin on how many wallets are opened on blockchain is the worst. Those wallets are all there just ready for someone to steal them. Anyone with an email address/computer can create a wallet on blockchain. They can create 10 wallets per day if they wanted to. And they could be 10 years old. That really doesn't mean anything.
1. Over 90% of these wallets have been created in the last 12 months
2. Why would anybody bother to create 10 blockchain wallets? Each blockchain wallet allows for multiple addresses so multiple wallets serve no purpose.
3. Hacking a blockchain wallet with 2FA is almost impossible.
3. If you can think of a better measure of btc adoption, do say .....
Creating hundreds of blockchain wallets to make it look like bitcoin users are signing up everyday. Using that tactic on impressionable people like yourself solidifies my thinking. Now you think bitcoin is more popular because lots of wallets have been created when it all could of been someone with a fancy script creating wallets to pump up the market. People have their purposes. Maybe it is a CEO of another exchange getting ready to steal everyone's bitcoin and he needs to spread all that bitcoin over a large amount of wallets.
And I think that is a huge problem. Gauging bitcoin on how many wallets are opened on blockchain is the worst. Those wallets are all there just ready for someone to steal them. Anyone with an email address/computer can create a wallet on blockchain. They can create 10 wallets per day if they wanted to. And they could be 10 years old. That really doesn't mean anything.
1. Over 90% of these wallets have been created in the last 12 months
2. Why would anybody bother to create 10 blockchain wallets? Each blockchain wallet allows for multiple addresses so multiple wallets serve no purpose.
3. Hacking a blockchain wallet with 2FA is almost impossible.
3. If you can think of a better measure of btc adoption, do say .....
OP: registered april 2012. still doesn't know how computer security or bitcoin works.
Anyone that leaves a bitcoin tip jar in their signature is gay and under the age of 22.
You're are kids, playing on the computer "thinking" you know what you are doing.
Target got hacked and millions of users' data stolen, mostly including credit card information. Yet Target continues to be strong, and the credit card industry continues to be strong.
Bitcoin is certainly strong enough to withstand a few hackers.
Bitcoin is certainly strong enough to withstand a few hackers.
Ummm, Target isn't in BETA and neither is the credit card industry. When shit gets stolen from you, you actually get it back. Try getting your bitcoin back when it is stolen from you.
Quote
I really do hate out US banking industries, but I also never had $1 stolen from me or worry about it.
You may not have had $1 stolen from you, but what about the real purchasing power of each dollar?That said, I agree with you that security is a HUGE concern for bitcoin. Too many people are flippant about it just because they think their own stash is secure, but we have to remember that there are many, many decent people out there without the attention span or technical knowledge to take all the necessary precautions.
OP: registered april 2012. still doesn't know how computer security or bitcoin works.
Target got hacked and millions of users' data stolen, mostly including credit card information. Yet Target continues to be strong, and the credit card industry continues to be strong.
Bitcoin is certainly strong enough to withstand a few hackers.
Bitcoin is certainly strong enough to withstand a few hackers.
Online bitcoins are not your bitcoins.
They belong to whoever you gave them to.
=====
And therein lies the problem ..
And why BTC won't go mainstream ..
I still believe I own my stocks even though Fidelity holds them ..
If I have to hoard my BTC and hold them offline to be "safe" ..
Then forget about them becoming the preferred online transaction network/currency ..
Triff ..
And please dont add ten empty lines to your posts, it just looks stupid.
Post a guide on how to steal bitcoins? You living under a rock or something? Read a little on the forums and you'll see plenty of thread about bitcoin being stolen from online accounts. I also never said I know how to do it. If you want to go steal other people's bitcoin then go find out yourself and earn it.
Online bitcoins are not your bitcoins. They belong to whoever you gave them to.Keep your private key secret. If you do that, you are safe from thieves, period.
And I think that is a huge problem. Gauging bitcoin on how many wallets are opened on blockchain is the worst. Those wallets are all there just ready for someone to steal them. Anyone with an email address/computer can create a wallet on blockchain. They can create 10 wallets per day if they wanted to. And they could be 10 years old. That really doesn't mean anything. When so many people put all their eggs in the basket they subconsciously filter out all the negative news and downfalls bitcoin has. Their ears and eyes only read the positive content because if it fails, they'll fail and lose all their assets. That's when you become delusional. I've read in some threads some people losing thousands of dollars because of Mt.Gox meltdown and these people were still cheerful and happy about bitcoin. Once the delusion sets in, you need several years in a padded room to get your mind back.
Let's make a bet. I bet that bitcoin (even when you say the Internet compresses time) will stay in BETA for at least 6 more years. Hell, I don't think it will ever get out of BETA...but I can't do a bet on something that won't ever happen. Bitcoin is 5 years old. In computer years, that's quite old. I guess there are always those BETA FOREVER projects.
Post a guide on how to steal bitcoins? You living under a rock or something? Read a little on the forums and you'll see plenty of thread about bitcoin being stolen from online accounts. I also never said I know how to do it. If you want to go steal other people's bitcoin then go find out yourself and earn it.
And I think that is a huge problem. Gauging bitcoin on how many wallets are opened on blockchain is the worst. Those wallets are all there just ready for someone to steal them. Anyone with an email address/computer can create a wallet on blockchain. They can create 10 wallets per day if they wanted to. And they could be 10 years old. That really doesn't mean anything. When so many people put all their eggs in the basket they subconsciously filter out all the negative news and downfalls bitcoin has. Their ears and eyes only read the positive content because if it fails, they'll fail and lose all their assets. That's when you become delusional. I've read in some threads some people losing thousands of dollars because of Mt.Gox meltdown and these people were still cheerful and happy about bitcoin. Once the delusion sets in, you need several years in a padded room to get your mind back.
Let's make a bet. I bet that bitcoin (even when you say the Internet compresses time) will stay in BETA for at least 6 more years. Hell, I don't think it will ever get out of BETA...but I can't do a bet on something that won't ever happen. Bitcoin is 5 years old. In computer years, that's quite old. I guess there are always those BETA FOREVER projects.
Post a guide on how to steal bitcoins? You living under a rock or something? Read a little on the forums and you'll see plenty of thread about bitcoin being stolen from online accounts. I also never said I know how to do it. If you want to go steal other people's bitcoin then go find out yourself and earn it.
And I think that is a huge problem. Gauging bitcoin on how many wallets are opened on blockchain is the worst. Those wallets are all there just ready for someone to steal them. Anyone with an email address/computer can create a wallet on blockchain. They can create 10 wallets per day if they wanted to. And they could be 10 years old. That really doesn't mean anything. When so many people put all their eggs in the basket they subconsciously filter out all the negative news and downfalls bitcoin has. Their ears and eyes only read the positive content because if it fails, they'll fail and lose all their assets. That's when you become delusional. I've read in some threads some people losing thousands of dollars because of Mt.Gox meltdown and these people were still cheerful and happy about bitcoin. Once the delusion sets in, you need several years in a padded room to get your mind back.
Let's make a bet. I bet that bitcoin (even when you say the Internet compresses time) will stay in BETA for at least 6 more years. Hell, I don't think it will ever get out of BETA...but I can't do a bet on something that won't ever happen. Bitcoin is 5 years old. In computer years, that's quite old. I guess there are always those BETA FOREVER projects.
And I think that is a huge problem. Gauging bitcoin on how many wallets are opened on blockchain is the worst. Those wallets are all there just ready for someone to steal them. Anyone with an email address/computer can create a wallet on blockchain. They can create 10 wallets per day if they wanted to. And they could be 10 years old. That really doesn't mean anything. When so many people put all their eggs in the basket they subconsciously filter out all the negative news and downfalls bitcoin has. Their ears and eyes only read the positive content because if it fails, they'll fail and lose all their assets. That's when you become delusional. I've read in some threads some people losing thousands of dollars because of Mt.Gox meltdown and these people were still cheerful and happy about bitcoin. Once the delusion sets in, you need several years in a padded room to get your mind back.
Let's make a bet. I bet that bitcoin (even when you say the Internet compresses time) will stay in BETA for at least 6 more years. Hell, I don't think it will ever get out of BETA...but I can't do a bet on something that won't ever happen. Bitcoin is 5 years old. In computer years, that's quite old. I guess there are always those BETA FOREVER projects.
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