Topic: How to be a dumbass - page 2. (Read 3874 times)

That or maybe price volitility is normal process for new currency? Simple as that no need of sophisticated theories

I'm sorry, but it's fairly clear you don't know much about the current state of the Bitcoin economy if this is how you view volatility.

Bitcoin's market cap is *tiny* compared to other currencies.  And yet, although tiny, it operates on a global scale.  This simply means that it's subject to higher volatility.  Volatility during 2014 is down from 2013, and 2013 was down from 2012, and 2012 was down from 2011.  As more users enter the market, the market grows stronger and more resilient and it can absorb that volatility more easily.

Basically, the more market share BTC gains, the less volatile it will become.  Bitcoin has many chicken-and-egg problems, but it's been up against these same problems during previous years when the market was weaker, and it's always persevered.  

Anyone with any financial stake on the blockchain. Thought this was obvious.

We should get OP's post translated into many languages and actually posted in all other 'language' threads
(no seriously, I think it'd help lol)

Here's another surefire way: https://bitcointalksearch.org/topic/m.9464239

 Anyone involved with Bitcoin is a plus. Creating a toxic environment for businessmen is completely wrong if anyone in Bitcoin wants public adoption. Bitcoin will still be a powerhouse because so many believe in the programming. This leads to business adoption because of the overwhelming use.

Step 1: Invest a significant sum of money into this new get-rich-quick scheme called Bitcoin.
Step 2: Nag every single store/vendor to begin accepting BTC in hopes that the value will increase (aka "the pump") so you can get rich while sitting on your fat ass despite the fact that Bitcoin is clearly not ready to be adopted on a massive scale. Most vendors will even spend money setting up and integrating Bitcoin with only few getting sales in Bitcoin since it's small minority.
Step 3: Do all of the above alongside thousands of fellow dumbasses.
Step 4: Act like an instinctive dumbass without ever thinking independently and sell/buy alongside fellow sheep at the first rumours of the least meaningful "news" (aka theymos had a fart? SELL SELL SELL SELL).
Step 5: Create a toxic environment for real businessmen with the price dropping 10% within 24 hours. Most people that accept BTC now sell it instantly to USD via Bitpay.


Who wouldn't actually prefer 10$ BTC with a steady 5% yearly growth to stay right above inflation? Stop being greedy assholes. Poor people will never understand that the world is analogues to the Bitcoin protocol in the sense that you make a lot more money working with it than against it, the early adopters made so much money (which they rightfully deserve and their earnings are proportional to their overall contribution) because they were the ones taking all the risks, you contribute nothing and thus you deserve nothing, it takes absolutely no innovation to invest into BTC at this point, you will lose your house, your car and more than likely (being with a low financial intelligence to begin with) your last pennies, which yet again, will be proportional to what you deserve.

There are no "shortcuts" in life.