Topic: I am pretty confident we are the new wealthy elite, gentlemen. - page 107. (Read 631982 times)

Counter me instead of making yourself look foolish with a baseless reply.

Since when has the u.s. government not been in control of the monetary system?

And no pre-industrial philosophical replies either.

I'll wait.

wrong on all counts ... smacks a lot of stockholm syndrome also.

Well that doesn't sound like the privately held thoughts of a free thinking individual.

Fundamentally, you are correct.

But the main point all bitcoiners seem to be in grand dilliusion with...is thinking somehow BITCOIN will become the currency of the future.

No.  The crypto technology in itself may be the future, but anyone thinking any government would just let a blockchain ran by faceless miners (who also reap the fees) become the world currency, are seriously sniffing the paint fumes.  The government has, can, and always will control money.

So yes, the crypto technology itself may have a bright future.  But rest assured, the government will be the one creating their own (most notably, the US government), which would mean all alts including bitcoin would either take a huge hit or eventually fade away into obscurity.

I am doing no such thing,
I don't care two rats balls about you or your financial position,
See that little button under my name that says "ignore" ? click it and spare me.

Are you asking for anything you see or read on this site? No. But you still read it. Again click ignore.

BTC is $205

You seem to be a fucking smug retard.  You are attempting to frame this situation in such way as if you are right and I am wrong (or people like me).  You have NO fucking idea about my financial position besides reading through my posts, and even then you would only get a fragmented picture of such.  You do NOT know my cashflow, my other investments, my purpose for being in bitcoin, my various timelines, my views about the future probabilities of bitcoin, my risk tolerance and a large number of other factors.  You are merely going through some smug post-hoc "i told you so" diatribe in order to attempt to make yourself feel good or something.  Get a life.

Regarding Advice:  I certainly am neither asking for advice or giving advice (except maybe if someone specifically asks me for advice, and even then I tend NOT to give advice but instead allow people to come to their own conclusions).  So I don't know where you get off with some kind of belief that anyone is seeking your advice, either me or anyone  else reading these threads.


Regarding preparations for BTC going down... I am glad that you prepared, and for your information, I am of the impression that I have taken a variety of adequate preparations also.... surely hindsight is 20/20, but I do NOT feel bad about my past choices because I remain of the opinion that I make what I consider decent and reasonable choices based on options then available to me including taking into account a large number of my various personal financial considerations, as described in my first paragraph above.

Make no mistake here, the sociopaths will have their wars, regardless of the currency. But a BTC standard, as did gold, will restrict the sheer scale of their destructiveness.

Fiat currencies fail and finance the sociopaths and wars. Bitcoin is strong and useful. But fiat have their powerful points and Bitcoin has weaknesses because it's attacked and new.

To be a millionnaire in Bitcoin at 152$ (low point on bitstamp Today) : 6579 BTC but it could be only 658 BTC sometime in 2015

Well put.

I'm on both sides of this argument. I think that long term, digital currencies are the wave of monetary future. Fiat currencies always fail, due to the simple fact that central banks can inflate at will, and frequently do so to cover their own tracks or attempt to mitigate against the stupidity of governments. It never works in the long term, but it does "wonders" in the short term. Digital currencies, by contrast, inflate at a very controlled and largely unmanipulable manner. This makes them a better vehicle for finance in many ways. Also, their quick settlement period will make them attractive to financiers and businesses alike, once third party processing becomes prevalent.

And yes, I do realize that removes the "trustless" paradigm for day to day purchases, but that is necessary if BTC or other digital currencies are to break into the mainstream. The average purchaser does not give a damn that his VISA card actually doesn't settle for 14 days, but he does give a damn that his bitcoin transaction takes an hour to be confirmed. With something like a VISA for BTC, that would change, as settlements up the line are cheaper and faster.

The problem is if all merchants force you to go throught the Bitpay-Coinbase bridge, Bitcoin is not very anonymous.. unless you use it like cash.

It's called "Advice" just like you get on TV about your stock investments.

Take it or leave it.

I don't have to engage in an argument, my position is being underlined every day.

Am I happy its going down? No.

Did I prepare for it going down: Yes

i dont think btc will ever replace currency ,but there is enough room for both to exist side by side
bitcoin willl be used when you need to send a million dollars somewhere for free or for international market trading
like the new open bazaar thats being developed

digital money is necessary for modern world and will only become more so .......im glad i own some


its got a bright future
20 years ago nobody thought they needed an email address either
i bet most people have one by now though ..............

https://www.youtube.com/watch?v=x5m1A7zoIcc

Yes.

honestly ... do you all actually think that the thousands of years of kings and swords and blood and gold and conquest and kings and more gold and swords and castles and religions and wars and conquest and gold and swords and wars and countries and kings and wars and wars and wars and slaves and gold and more wars and ships and slaves and cotton and countries and revolutions and kings and gold and wars and planes and bombs and wars and that allllll of the handful of the worlds wealthy elites who have passed down their wealth through the generations since the dawn of civilization are going to let it all go let all of their money and all of their power go and allow a handful of asshats with laptops who installed an interesting piece of software take their place and supplant their singular position as the rulers of earth ? honestly ?

Agree! 'Amaze' to see Bitcoin price drop so much today. Few hours back, it was 200 USD and now it is 183.40 USD! → preev.com.

The inflation rate in Bitcoin is huge. I think the US inflation rate will be higher than Bitcoin before 6 years but the Bitcoin inflation is 10% a year, it is a big inflation

1.314 million more bitcoins a year. If adoption was going up fast and people were questionning more the fiat system it would not be a problem to have this inflation and a very high price since miners would hold their bitcoins and people would believe more in a future appreciation of the price.

We have to wait 6 years for the inflation rate of bitcoin to be lower than the U.S. dollar.   Until then, sell.

Yeah, life sux right now for hodlers. Well, unless they've been hodling for more than a year.

But you talk of Bitcoin as if it offers nothing other than some disembodied share price, completely divorced from its inherent value.

Of course, we have yet to learn what a universal medium of exchange, incorruptable, uninterceptible, and incensorable, might be worth. My guess is quite a bit. I have a fair amount of patience in letting the world figure this value.

That's fine if you want to just keep bragging about how smart you are and trying to engagin in an argument, merely because there seems to be a bear trend at the moment. 

I have NO fucking idea how long this bear trend is going to last, and I never claimed to be able to predict short term price directions in BTC, even though in the long term I remain optimistic that the market will turn around and we will return to a bull market in BTC. 

So go around with your cock sureness and be smug... good for you.... that the downtrend continues and you are happy about this (whether your prediction or NOT).