whoa! i guess if Peter Todd said it, it must be true!
look, i like Peter for the most part, but his specialty is stirring the pot.
I didn't say that because he said it it must be true, I just show that it's not just a bunch of FUD by some bitcointalk trolls like you are trying to picture it.
i call you a troll b/c it's obvious to everyone around here that when you start a bunch of FUD threads that are meant to generate fear and selling, you lose credibility. like this one:
https://bitcointalksearch.org/topic/current-market-conditions-are-scary-1001698 if you'll notice, i don't start threads. i pretty much stay here b/c my goal is to generate and maintain quality, relatively academic Bitcoin discussion within this thread that has become known and has gained credibility. i'm not into
headlines, like you. so yeah, if you enter here with that same FUD, i will call you out and expect something more from you.
Ok, so you think a thread on bitcointalk can influence the price of the BTC markets, and that is the reason I actually opened a thread. Not because I wanted to give my honest opinion about what I think is currently happening. Nah.
I opened similar threads when price was at $1000, $800, $570, $400 etc offering similar technical arguments. I guess those were FUD too.
I clearly see that in your thread you guys are not interested in reading any bearish/contrarian opinions without flagging it as FUD, bullshit and attacking the posters personally (even though they didn't do it in their posts expressing their opinions).
I never attacked anybody personally, just expressed an opinion.
You guys can carry on and jerk each other off while bitcoin
unexpectedly dumps.
I remember Spiff talking about how he couldn't wait for the delusional bears to FUD and dump into his bids at $500-$390.
Because losing several billions of marketcap in one year is just the same as flash crashing for a few moments because of a $50k dump or whatever in 2010. Of course it would be the same.
Only fools think that "This Time is Different™".
Carry on good sir, I won't be posting in this thread from now on, don't worry.
Only fools think that this time is different.....like with automobiles, telephones, mobile phones, computers, the internet.
Ironic thing is, posters like WFTN are price trolls. They like to comment on how unthreatening & flawed bitcoin is (sarcastic 'this time its different'), but then go on to say it could be shutdown by governments.....presumably as its a disintermediating threat.
I would say all possibilities remain, but, like Cypher says, the longer it goes without happening, the more the industry expands, the more ingrained it becomes, the harder it will be to destroy intentionally. Theoretically a large company, govt could invest $50mn but how can you naked short it? Maybe Jim Cramer & the gang exposed by Deep Capture will get involved. They couldnt buy $50mn worth (except OTC) or they'd send it to the moon, and I think the US govt could be ruled out judging by their DPR auctions / Bitlicense proposals. A possibility would be Satoshi's stash, in the Dr Frankenstein trying to kill his own creation sense.
As for a financial company? The innovation of the blockchain (inseparable from bitcoin) is being increasingly acknowledged by all and sundry as a technological and financial breakthrough. If it is anything like the internet revolution, we're talking multi trillion dollar economy. Just one company (AAPL) is poking through the $750bn mark.
