Topic: I am fucking panicking (Read 15830 times)

  If you had been to Afghanistan you would know that in every village there is someone who has a generator that fires up his generator to charge cell phones for a small fee. There are already services in Pakistan where you can send money by sms using an old Nokia phone with a black and white screen. There is money to be made designing bitcoin programs to work with such phones, in which case it is absolutely plausible that we could see rural villagers using phones for banking- even families that have a donkey and no TV have cell phones.

  Don't take my word for it, go there and see for yourself. I was scared at first going there but I was treated with more kindness and respect than I had ever experienced in the US. Don't believe everything you see on TV.

    I agree with you, growing too much too fast is dangerous for any business or protocol in the case of bitcoin. I don't know what you mean by move on- maybe you are comparing the transition from fiat to bitcoin to moving to a heliocentric model of the solar system? Are you suggesting with move on from heliocentrism to awareness of our orbiting around the galactic core?

Since I put all my saving into BTC, following with it is loss my ability to sleep in the night time, the price goes up I can't sleep ,the price goes down I can't sleep.
However, I am pretty sure that BTC is the future of our money ,at least it give a new way which we can 100% control over our wealth.I am going to ignored the short-run of the price fluctuation.  I am happy that take part of in this revolutionary technology ,even one day my coins only worth to buy a pizza again,I will not regret about it ..I will consider it as I am lose game in Casino...

many many many many hours glued to my laptop screen since 2011 because of Bitcoin, and I've learned so much from it. no regrets 

At the end of the day... Bitcoin is cool. It's new and fresh and entirely unprecedented in so many ways.

If you can't appreciate that, if you've seriously studied and wrapped your head around how it works and you didn't have many sleepless nights than just leave - we won't miss you 

Bitcoin is very similar to silver. Both are volatile and heavily manipulated. I LOVE volatility. At least when you check it, it has changed for a bit of excitement. Nothing is worse than an investment that moves at 0.2% over a week. Boring....  If you don't like volatility, you should not be in any stock because they all can suddenly become volatile and lose ALL your money within a few months. Hard assets like land and metals are the only speculation that really cannot lose all value. The rich like art because the gov cannot take it unless they try to claim it was stolen.

im a bear and what is this

http://youtu.be/X2XnF9cZypA?t=20s  ** play this song in the back for more of an effect  

yup! Love it, or get the fuck out.

MAbtc don't worry man you aren't alone in your thinking.

Talking about Bitcoins in afghanistan? Do they even have a higher ratio of TVs to donkeys yet? Why would they need to travel 50 miles to the nearest AC outlet to use bitcoin when the only thing worth accruing them for is located right in their backyard?

You people are delusional, you cannot create an anonymous and supposedly decentralized currency and expect the masses to put their trust in it because some Bitheads hyped it up by talking shit on the governments of the world and their economies while simultaneously being slowly but surely herded into their tax codes anyway.

Bitcoin is too big for its own good, either move on or deal with the consequences

I think we are speculating on different time frames.  
But why bitcoin -- from a layman's perspective? That you and I see the benefits does not guarantee anything. There are obviously many options to hide / store money besides bitcoin. You make it sound like the Cypriots themselves probably bought up the bubble to 266.
This. You can't stop speculation, you just need to roll with the market.

Personally, as far as encouraging people to get involved... While I enjoy discussing bitcoin with people that don't know about it, I must emphasize the risk involved, not only re volatility and the recent bubble, but also the tense regulatory atmosphere and potential for government interference, as well as what the quasi-regulated and unregulated economy means to them -- the lack of recourse they may have when when accounts are hacked, shady companies run off with their money, people defraud them, etc.
No, it is not a 50-50 shot. It's not just "buy, buy, buy." And where do you get the idea that people will perceive bitcoin to be the best possible choice? Why is BTC not skyrocketing in prevalence in Argentina? Because people want dollars.
That is a very unrealistic hope, though. Until this market matures, the "army of dedicated believers" bit is irrational and will be perceived by many as such. People want to maintain or grow their portfolio -- you can't simply expect people to hold when they perceive the value to be in decline, particularly when much of the economy is comprised of speculators.
I think we may have seen the top here... maybe a couple more pushes into triple digits, but I don't think it will last. Starting to see sell pressure and not from whale dumps. I didn't think we could break out for long above 100, but we'll see. I think if the whale continues to push the market up, he is definitely playing with fire at this point.

Now its panic buy instead of panic selling. haha

still panicing?  ;-)

    The market doing its thing is what causes the cycle of financial crises and wars. If everyone would just buy, hold and use bitcoin for everything they can, the price would already be much higher and even more people would be getting into it now. People think they are making money selling "high" and buying low, but its peanuts compared to what an army of dedicated believers could accomplish.

Yes, this pretty in the same way ,it might lose its value 50% in two weeks and also had chance to get increase its value by 50% in two weeks.
For some extremely countries like mentioned above ,those people if they know there are alternative way as BTC,they will ignored the price fluctuation ,because they have no other better choice ,Gold is too high weight and can't be cut into small amount, currency either not secure ,it may losing value more quick than BTC.

but how would we ever have attracted the userbase and development we did without the profit incentive that high prices wrought by speculators brought? just let the market do its thing

   Speculation is counter productive and wrong. If everyone just tried their best to use bitcoin and tell others about the benefits, we would all make way more money than by speculating.

       It is definitely harder to confiscate a brain wallet than gold, and it is much more liquid. All that needs to happen is for the risk of confiscation to outweigh the risk of bitcoin price fluctuations. Someone just has to believe that the risk is real. Gold and currency also have virtually no chance of seeing increases of value in the thousands of percent. Simple risk analysis. Besides that, people are not rational anyway.

Isn't that just about the entire point of speculating in something? You hope that the future value will be higher. If the potential was fully realised now, that would not happen.

That's when it's time to sell.

Any discussion about speculating in price movements has everything to do with unrealised potential as compared to present day utility.

So you admit that BTC has unrealised potential then?

Ding ding ding... time to buy.

      Because maybe its the only way for them to buy an ipad.

I think we're starting to make some pretty sweeping generalizations here. What makes you think that they would do so? We are talking about the same bitcoin that recently lost almost half its value over a 2-week period, right?

Potential... that was my point -- that in a discussion about the present-day utility of bitcoin, unrealized potential does not apply.
Yes.