Topic: How did we let this happen? (Read 6787 times)

Is this pure greed or stupidity?
What you call "pure greed" is also responsible for many of mankind's greatest advancements. Honest people acting with a profit motive can do many amazing things. 
Bitcoin is alive and getting stronger, that is what is "going on here".

Now that the bubble is finally starting to collapse rapidly, i was pondering how we let this all happen...
What are the results of this 'experiment'/scam?
- A hand full of teens who are now multi millionaires.
- A whole lot of people that lost a whole lot of real money.

Even though we all got warned time and time again, by economists, professors and even a lot of libertarians, not to fall for the bitcoin.
How on earth was it possible that people spend $1200!!!! on literary NOTHING?! Is this pure greed or stupidity? What is going on here?

I feel bad for all the people who got victimized and i think some effort should be made to put the creators of this bubble behind bars, too many have been victimized to let this slide.

They don't have my derp coins, does that make them priceless?

Trading can be really hard.
The 2011/2012 Bear market took over a year to get moving back up again.
However, some of the (short-term) rallies were big and fast, and there was plenty of chances to make good trades.
Things will get better.

How much does one get PAID to write such stuff? Seriously.

Now on to the notion that anyone lost money. It is this kind of thinking that is seriously wrong with people in general these days and the OP is using this same mentality as propaganda. It's like when the housing bubble collapsed and people complained they "lost money". You only lose money when you sell. Otherwise, you need to think of it as, "I bought a house and I own 100% of that house. The value has dropped slightly but I still own 100% of that house." Housing prices are going back up and anyone who stayed in their home is now that much closer to paying off their original mortgage, which should have been the intent of every home buyer. Everyone else who bankrupted or walked away from their mortgages has to deal with the consequences now but they want to blame others for them buying something they could not afford in the first place.

Ahh, but that's it. They bought a home they could not afford but justified it by thinking the price was going to continue going up and they would be handsomely rewarded for their gamble. When it didn't work out that way, and they got to the point where they could no longer afford to make the payments, they blamed everyone else. They did the same thing with Bitcoin. These same types of people spent dollars they could not afford to lose then blamed everyone else when their gamble didn't pay off. If you bought at $1,200 and are still hodling then you likely bought them as an investment and I need to point out to you that at this point you have lost NOTHING. You still own the same number of bitcoins you had when you started. Now if everyone in the world stops using Bitcoin, then I'd say you lost money. Until then, keep calm and hodl on.

I never understood why China dumps their bitcoins when news of bitcoins being banned hits. If China banks ban buying bitcoins with fiat doesn't that mean the bitcoins they're

holding become more valuable and therefore more reason not to dump?

...What is going on here?
...

You kidding?

That's like saying the people who invested into the tech bubble should be compensated.

This is what happens when people buy shit that they have zero understanding of.

china is the bubble not bitcoin.

Now that the bubble is finally starting to collapse rapidly, i was pondering how we let this all happen...
What are the results of this 'experiment'/scam?
- A hand full of teens who are now multi millionaires.
- A whole lot of people that lost a whole lot of real money.

Even though we all got warned time and time again, by economists, professors and even a lot of libertarians, not to fall for the bitcoin.
How on earth was it possible that people spend $1200!!!! on literary NOTHING?! Is this pure greed or stupidity? What is going on here?

I feel bad for all the people who got victimized and i think some effort should be made to put the creators of this bubble behind bars, too many have been victimized to let this slide.

How old are you kid? Did you know that 10 years ago your Facebook, Skype or Twitter didn't exist? Did you know that most of us refused to change to Google cos Altavista was number 1 search engine? lol Did you know that 15 years ago the Internet was basically this?

http://inetstudent1.francistuttle.com/dk0871558/lessons/itf/internet_timeline/images/usenet.gif

Is bitcoin value (not necessarily price, although many seem to use that) higher or lower than when it began? Has the average value continually increased? Are there more people/businesses using bitcoin?
/end thread

OP is clearly a troll. Although news on CNN with "experts" are making the same points. So are those knowitall news anchors with their experts trolls too? Or they are just ignorant?

OP is clearly a troll. Although news on CNN with "experts" are making the same points. So are those knowitall news anchors with their experts trolls too? Or they are just ignorant?