Well there was reddit movement to start using mBTC as the general value.
ie. 0.001 of a Bitcoin
Although they want to call them milli bitcoins which sounds like a bit of a mouthful.
Think we should just call them Bits
Topic: Hey big money, Let bitcoin drop! the little people NEED IT!! (Read 2381 times)
I'm pretty sure adam is just trolling a bit for fun. 
But it is an interesting point, how do we get the general public to stop thinking of a bitcoin as a.... OMG one costs $120 how can I buy a coffee with that??
Each time I get asked this, and it comes up in some form every time I explain Bitcoin. I use a volume analogy. 'Think of Bitcoin like water, yes you can buy a nice packaged bottles worth, but most people just turn on the tap and use as much as they need, when they need it'
Its nearly infinitely divisible, get used to it.
But it is an interesting point, how do we get the general public to stop thinking of a bitcoin as a.... OMG one costs $120 how can I buy a coffee with that??
Each time I get asked this, and it comes up in some form every time I explain Bitcoin. I use a volume analogy. 'Think of Bitcoin like water, yes you can buy a nice packaged bottles worth, but most people just turn on the tap and use as much as they need, when they need it'
Its nearly infinitely divisible, get used to it.
The fact that people want the price to drop in order to buy is not an indication that it will be dropping any time soon.
In 2011 the sentiment was that Bitcoin was likely to fail but those of us who support the concept were willing to put our money in on faith that it may just survive.
When the price was $3 most people were predicting a drop to less than a dollar. So buying at the $2 low was not the wise choice of the time.
Of course thinking back, I put $10k in in 2010 when the price was $15/BTC...had I put that in at $2 I would be sitting pretty right now. Then again, I may have held off thinking it would go to $1.
As it is, I did a huge short when it bounced back up to $4 after the $2 dip. It fell down to $3.75 then climbed and climbed...
In 2011 the sentiment was that Bitcoin was likely to fail but those of us who support the concept were willing to put our money in on faith that it may just survive.
When the price was $3 most people were predicting a drop to less than a dollar. So buying at the $2 low was not the wise choice of the time.
Of course thinking back, I put $10k in in 2010 when the price was $15/BTC...had I put that in at $2 I would be sitting pretty right now. Then again, I may have held off thinking it would go to $1.
As it is, I did a huge short when it bounced back up to $4 after the $2 dip. It fell down to $3.75 then climbed and climbed...
Bullshit. Bitcoin dropping in price is going to make less people buy.
That is not what I've seen with regards to LocalBitcoins. Every time the price suddenly drops I get more contacts than normal. 
just saying... don't be stupid and greedy, let bitcoin drop as it should... we need more PEOPLE!
think long term. and you will be rewarded
.
think long term. and you will be rewarded
.Dropping shows instability in the market and overall loss in faith of the currency in terms of an actual currency for buying things.
Its funny when you say don't be greedy being that you want it to drop so that you can buy cheap coins so that you can make more later if the price goes up again.
Exactly. Ridiculous.
just saying... don't be stupid and greedy, let bitcoin drop as it should... we need more PEOPLE!
think long term. and you will be rewarded.
think long term. and you will be rewarded
.you want it ? no problem mate i will drop over 50k btc today just watch it.
Bullshit. Bitcoin dropping in price is going to make less people buy. You've seen the plebs in action... any time there's a $5 price drop, all these threads start popping up predicting $30-40 bitcoins in the next week!
So if the "big money" "lets" bitcoin "drop" you are going to get the opposite intended effect.
I don't think they're being greedy... if they sold and let it drop they could just buy more at a cheaper price and they'd be even richer. In fact that's what some of them do. Coins were $135 for a bit last week now they're $120.
Remember, there are only a FEW really stupid people who are under the delusion that "one whole bitcoin" is a quantity that matters. There is no decimal place in the code; a bitcoin is just a string of integers. The decimal place is put in for ease of use - it's harder to understand 100 million satoshis than it is to understand one bitcoin.
TL;DR: Op is wrong, less people will adopt if they see price is going down, and "one whole bitcoin" only matters to a select delusional few.
So if the "big money" "lets" bitcoin "drop" you are going to get the opposite intended effect.
I don't think they're being greedy... if they sold and let it drop they could just buy more at a cheaper price and they'd be even richer. In fact that's what some of them do. Coins were $135 for a bit last week now they're $120.
Remember, there are only a FEW really stupid people who are under the delusion that "one whole bitcoin" is a quantity that matters. There is no decimal place in the code; a bitcoin is just a string of integers. The decimal place is put in for ease of use - it's harder to understand 100 million satoshis than it is to understand one bitcoin.
TL;DR: Op is wrong, less people will adopt if they see price is going down, and "one whole bitcoin" only matters to a select delusional few.
just saying... don't be stupid and greedy, let bitcoin drop as it should... we need more PEOPLE!
bitcoin... is... people!
just saying... don't be stupid and greedy, let bitcoin drop as it should... we need more PEOPLE!
think long term. and you will be rewarded.
think long term. and you will be rewarded
.Everybody know that price should be lower right now and that a 'normal' price is better for bitcoin. When you have more people, it is easier to sell huge amounts of coins, mining equipment,....
Problem is that ASIC guys don't want lower price, coz nobody would buy equipment. Maybe we have to wait for them to sell mining chips first.
would miners not just hold instead if they don't want lower price?
If the miners wanted a lower price, they could just stop processing transactions for a little while to show how they can control the network. All that would have to happen is for the major pools to make a secret pact, the individual ASIC miner owners to go along with it and not leave the pools, and for miners to think it's a good idea to devalue their BTC holders AND the cost of their equipment. LOL.
just saying... don't be stupid and greedy, let bitcoin drop as it should... we need more PEOPLE!
think long term. and you will be rewarded.
think long term. and you will be rewarded
.Everybody know that price should be lower right now and that a 'normal' price is better for bitcoin. When you have more people, it is easier to sell huge amounts of coins, mining equipment,....
Problem is that ASIC guys don't want lower price, coz nobody would buy equipment. Maybe we have to wait for them to sell mining chips first.
would miners not just hold instead if they don't want lower price?
Would you buy ASIC miner or ASIC mining stocks NOW if you knew price will go down soon?
just saying... don't be stupid and greedy, let bitcoin drop as it should... we need more PEOPLE!
think long term. and you will be rewarded.
think long term. and you will be rewarded
.Dropping shows instability in the market and overall loss in faith of the currency in terms of an actual currency for buying things.
Its funny when you say don't be greedy being that you want it to drop so that you can buy cheap coins so that you can make more later if the price goes up again.
just saying... don't be stupid and greedy, let bitcoin drop as it should... we need more PEOPLE!
think long term. and you will be rewarded.
think long term. and you will be rewarded
.Everybody know that price should be lower right now and that a 'normal' price is better for bitcoin. When you have more people, it is easier to sell huge amounts of coins, mining equipment,....
Problem is that ASIC guys don't want lower price, coz nobody would buy equipment. Maybe we have to wait for them to sell mining chips first.
would miners not just hold instead if they don't want lower price?
just saying... don't be stupid and greedy, let bitcoin drop as it should... we need more PEOPLE!
think long term. and you will be rewarded.
think long term. and you will be rewarded
.Everybody know that price should be lower right now and that a 'normal' price is better for bitcoin. When you have more people, it is easier to sell huge amounts of coins, mining equipment,....
Problem is that ASIC guys don't want lower price, coz nobody would buy equipment. Maybe we have to wait for them to sell mining chips first.
just saying... don't be stupid and greedy, let bitcoin drop as it should... we need more PEOPLE!
think long term. and you will be rewarded.
think long term. and you will be rewarded
.What do you think? we need the price retain stable, not drop fast or raise fast
Buy mbtc then 
just saying... don't be stupid and greedy, let bitcoin drop as it should... we need more PEOPLE!
think long term. and you will be rewarded.
think long term. and you will be rewarded
.Yes, I can see all those new people right now "Oh, Bitcoin is dropping again, I really must buy in!"
People want a trip to the moon, not a ride down to the gutter...
just saying... don't be stupid and greedy, let bitcoin drop as it should... we need more PEOPLE!
think long term. and you will be rewarded.
think long term. and you will be rewarded
.... but will the little people actually buy in the face of the BEAR or will they get scared and sell to the big money.
True they will run lol and then the tables will turn xd
just saying... don't be stupid and greedy, let bitcoin drop as it should... we need more PEOPLE!
think long term. and you will be rewarded.
think long term. and you will be rewarded
.... but will the little people actually buy in the face of the BEAR or will they get scared and sell to the big money.
It is very difficult to buy 1/4 of a share of Apple stock.
It is very easy to buy .25 GBP
Bitcoin is a currency, not a stock.
When/if the Satoshi costs more than $1 USD, then you should probably bump this thread. Until then, let it die.
It is very easy to buy .25 GBP
Bitcoin is a currency, not a stock.
When/if the Satoshi costs more than $1 USD, then you should probably bump this thread. Until then, let it die.
just saying... don't be stupid and greedy, let bitcoin drop as it should... we need more PEOPLE!
think long term. and you will be rewarded.
think long term. and you will be rewarded
.Ya greedy bugger, Bitcoins are divisible to a million places for a reason
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