Topic: Final Warning for Long-term holders... - page 4. (Read 12171 times)

Gold has the first mover advantage of being a currency that has been accepted all over the world in every country and civilization for thousands of years. People trust gold because it has proven itself over the test of time to hold its value for thousands of years. Bitcoin has been around for, what... 5 years? Even after bitcoin is gone/broken, the internet is gone, or the world as we know it has been wiped out by nuclear holocaust and civilization is rebuilt, gold will still be here and will still have value.

No, you deliver hearsay and unsubtantiated garbage.  I would expect a lawyer to recognize such things, alas you're just a liar, that much is clear.

Why would I edit my post to help any of you? You clearly hate me and I have grown to hate you. I just deliver the facts. Take the emotion out of it. "Why did you break BTC? Because it was BREAKABLE!" Implied GG quote

I don't hate you jr65, I just don't believe your magical.  I have been reading about bitcoins imminent collapse for years now.
"Bitcoin will NEVER reach $1. It's impossible and here is a chart I made to prove it!"
"Bitcoin can't reach $10, it has no intrinsic value!"
I think your forgetting that value is an illusion created by humans. Gold is just a shinny rock and the money in your pocket is just fancy paper. They derive their value from a common belief in their value. As long as I have another person to trade with bitcoin will survive in my economy.

Why would I edit my post to help any of you? You clearly hate me and I have grown to hate you. I just deliver the facts. Take the emotion out of it. "Why did you break BTC? Because it was BREAKABLE!" Implied GG quote

I didnt even bother reading it. If they can't make their point in a clear thought out way (including format) then it isnt worth reading.

TL;DR -

Inexperienced OP doesn't fully understand Bitcoin and places too much emphasis on Gox.

One liquidation event is not justification for price change, especially if that event does not affect more than 10% of available BTCs. The question I have is, if the bankruptcy court is offering the BTCs for sale, would there be a possibility of a bidding war to take place? If so, that will determine the price

I didnt even bother reading it. If they can't make their point in a clear thought out way (including format) then it isnt worth reading.

Please make paragraphs because it's really annoying and eye-hurt to read integral text  

Your comments on bankruptcy are good to follow and I believe you know more about the process than I do.

However some comments are hard to understand like "The buyers' cost of acquiring the coins will be high because they will need lawyers, accountants, transportation costs for their team etc.) This scenario will totally reset the price of BTC and there will be a totally new set of BTC pioneers and winners. All the current exchanges will be out of business and BTC will return for sale to the public at large, reputable stock exchanges. Hopefully, by this time, BTC will have a robust infrastructure and the price will stabilize and climb at a sensible rate."

Why would this reset the price of BTC?
What I would deduct is that the cheap coinz aren't really cheap due to all the overhead acquiring them. In effect there are loads of people feeding off of the process.
The buyer will have no incentive to sell the cheap coinz cheaply because they might not be as cheap if you add the overhead. This would not make the BTC price drop as hard since the buyer might need $100 to $150 per unit to break even.

Why would all the current exchanges will be out of business?
Yes if BTC goes to $1 a piece stock exchanges might not be viable anymore but IMO reading your post the BTC dump will never make BTC go below $50 to $100.

BTC has no intrinsic value              

you're only on my radar because you're collateral damage in the way of me learning more about BTC.