Topic: Fear will replace greed (Single digit Bitcoins in 2014). (Read 6100 times)

Yeah get in line! Waiting for some troll to stand by their word from like 2012 But nothing besides hot air so far.

None of them will take your bet. They are just bitter kids who lost on the opportunity when coins were cheap and now they troll the rest of us.

If anyone wants some action on their prediction of single digits in 2014 then I'm game (as I'm sure many others are).  Let's make it fun and put some money on it.  State your terms and I'll go in for up to $1000 or 2BTC or whatever.  Won't even say that your wrong, only that I like my odds.

I have bothered to look your links up. I see nothing here that a much smarter trolls have not repeated since 2011. Intrinsic value you say You are quite dumb my friend. Nothing has intrinsic value. Not your gold, not your cash, not your house or securities. Right, you can wear your gold or live in your house, but 99.99% of it's value is not coming from that, but from the other things (working utilities, neighborhood, social services; pure trust in case of gold). I can print out my bitcoins any time I like, about as much useful as wearing a gold brick around my neck.

Umm, from memory Second Life had Hyper-inflation as Linden Corp gave away lots of LD's on signup......

The developments in China have honestly spooked me on Bitcoins future. While I think Bitcoin will always survive, it is clear in my mind that governments have all the power they need to keep Bitcoin a niche and fringe player in asset diversification.

If you can't trade into and out of Bitcoin quickly, then its value is greatly diminished.

I think we are at an inflection point in the first two quarters of 2014, either Bitcoin will solve its own problems or we will see Crypto Currency life 2.0, with another crypto taking the spotlight or even worse a complete abandonment of the whole idea by most people.

Everyone wants to say Bitcoin is a protocol and not software. I say BS, all the software that makes bitcoin work (exchanges, wallets, nodes, whatever) has to improve dramatically ....soon.

I own almost zero bitcoin right now. I would rather wait and lost a little on the upside than risk all the profits i have made so far. I do worry that there will be a drop in price that will be so painful that we will see full capitulation, not by any of the hard core longs on this forum, but by all the joe blow investors that drove it to 1200 in the first place.

Get it in your head. This is a speculation thread. I have provided TWO LINKS above with detailed back up. You are pathetic. 

Ok. Meanwhile, while I am learning from everybody, you can go back and play on your Xbox.  See you at $2000. Oh, actually I won't because you won't be here.

Btw, I own 101,000 emu.  I think its a great idea. However, bitcoin will be at ATHs within 6 months. Have fun playing video games.

You are seriously joking. Like there would not have happened massive global development in bitcoin area and we are only getting started. This kind of messages normally always mean that the person has completely missed the train or sold too early and want to get back aboard cheaper...well, not with my coins.

Ridiculous.

Hey Kid, learn from Everyone and stop your rebellion.

Bitcoin solves nothing. Bitcoin is nothing more than a speculative bubble.

But maybe new cryptos like emunie will solve these problems...

No, Second Life didn't solve major financial problems. Bitcoin does. If you don't know that, which its obvious you don't, then you will have to figure it out years down the road. I am not going to spend my time educating you.


EDIT: But if you are interesting in education yourself you can watch this: https://www.youtube.com/watch?v=DPiFMuPh1uA&feature=share

I think you didn't know Second Life...

When it debuted in 2003, Second Life was an irresistible subject for Geeks and technophile reporters. It was the subject of endless, high-profile reports. Numerous companies attempted to capitalize on the attention by launching an official presence in SL.  Early adopters made millions too. The Linden Dollar, could soon influence whole industries and governments. Media coverage touted Second Life as the future of the Internet.

Yes, there are many similarities with bitcoin.

Agree with the op.

Sorry guys , we got a way to go until all stabilizing. After we hit 300 again, then the panic really starts

Your perspective is small and based on silliness. You do not comprehend the destruptive technology that bitcoin offers. To compare it to a virtual avatar world like Second Live shows how small your perspective is. You will be yet another person wondering how it all came to be.

Most of people don't want to buy btc to play poker or satoshidice, they just want make profits. And if they can't make big profits anymore, they'll leave as the tulip system did 350 years ago...

Bitcoin euphoria just reminds me of Second Life hype. But Second Life is not dead, there are always people on there. Bitcoin won't die too. It follows the same way.

Let me just say this :

Past Performance is not indicative of future performance.

HODLers , Good luck 

If you told me two weeks ago, $600 dollar Bitcoin, I would have snapped your hand off.

Now that I can get $600 dollar Bitcoin, I aint buying.

See how easily the psychology of price shifts.

I didn't even find an argument, some description of future bitcoin sentiment decline and an outrageous price prediction - pretty good summary of your first post. Posts of so little substance are usually posted to start a flame. Also, numerous references to "read my posts history", this is neither polite nor would anyone really care enough.

Read my book if you want to know why.

The amount of people interested in Bitcoin combined with the supply will not allow BTC to drop to single digits ever again.  Or double digits IMO.  I would buy so many if it did, just like everyone else would.

The law of supply and demand can't be beaten.

We will see who is right. My price prediction (below 10 dollars) is only consequential, as I dont believe Bitcoin will work. I have backed up my statements with reasoning (provided in the two links above). You might believe that my arguments are not substantial, however that is only your viewpoint. People who were invested in the housing bubble or the Nasdaq stock market bubble, also thought that there were no substantial counter arguments. Otherwise they would have divested.

You do engage in shaming tactics, as you immediately brand mark bears as trolls and state that I dont back up my statements, even though I have provided 2 links with detailed reasoning (and you can find even more if you browse my post history). This attack line is something you reserve for bears.

In this thread I have described a switch in mentality which I anticipate will take place in future. It is a speculation thread. Detailed back up for my position is provided in the economics threads (and these are easily identifiable via the post history). Thus the following statement ("Your topic would have much more weight than a fart in the water that it is now.") is a a shaming tactic.

Even more absurd is the previous poster, who criticizes my arguments from his high horse, while not even grasping their content!