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Topic: I have been warning you tards long enough. When will you learn? - page 2. (Read 3804 times)

legendary
Activity: 1764
Merit: 1015
The way I see it is this:  There is not enough real market activity to justify the current price of bitcoins.  I am talking about commerce/trade, not daytrading, derivatives and other nonsense.  Artificial scarcity has been created by hoarders and speculators but is in a downcycle that will continue with selloff.  This volatility will continue in up and down cycles until the value of bitcoins is supported by the demand based on trade of actual goods.  This real value at the moment is low due to the inherent mistrust built into the system.  People are generally too afraid to trade because of the potential fraud.

I'm not predicting the death of bitcoins, only the eventual adjustment down to a reasonable exchange which is prabably around the 1$ level.  But I am just guessing.

2c
You just don't know what you're talking about do you? It takes most miners $8-9 dollars just to MAKE these coins. And we are going to give them up to you for $1?
legendary
Activity: 1022
Merit: 1001
The way I see it is this:  There is not enough real market activity to justify the current price of bitcoins.  I am talking about commerce/trade, not daytrading, derivatives and other nonsense.  Artificial scarcity has been created by hoarders and speculators but is in a downcycle that will continue with selloff.  This volatility will continue in up and down cycles until the value of bitcoins is supported by the demand based on trade of actual goods.  This real value at the moment is low due to the inherent mistrust built into the system.  People are generally too afraid to trade because of the potential fraud.

I'm not predicting the death of bitcoins, only the eventual adjustment down to a reasonable exchange which is prabably around the 1$ level.  But I am just guessing.

2c

Yea someone gets it.
newbie
Activity: 55
Merit: 0
The way I see it is this:  There is not enough real market activity to justify the current price of bitcoins.  I am talking about commerce/trade, not daytrading, derivatives and other nonsense.  Artificial scarcity has been created by hoarders and speculators but is in a downcycle that will continue with selloff.  This volatility will continue in up and down cycles until the value of bitcoins is supported by the demand based on trade of actual goods.  This real value at the moment is low due to the inherent mistrust built into the system.  People are generally too afraid to trade because of the potential fraud.

I'm not predicting the death of bitcoins, only the eventual adjustment down to a reasonable exchange which is prabably around the 1$ level.  But I am just guessing.

2c
legendary
Activity: 1176
Merit: 1010
Borsche
Aha so you are the one who was going to hack mybitcoin and sell tens of thousands of coin overnight? And you warned us but we didn't listen. You should have been more specific, should have disclosed your plans to delete bitomat's wallet too.
sr. member
Activity: 490
Merit: 250
The other problem you guys face is that I really do believe the big market players have pulled out already after trying to hold the market higher, and lost thousands of dollars trying to do so. There are almost no buyers on the market, except a fake build wall at $9.00 right now.


The word "troll" gets tossed around allot on these forums. You sir, are the real deal.
legendary
Activity: 1736
Merit: 1006
This guy is 100% plant. He just joined forum on june 09.

This is his 1ST POST:

Please link me if there is another post like this.

I was thinking of building a mining rig and need recommendations on the parts. I want to know the best bang for the buck. I will buy used only if it is easy to buy the components used and quickly. If you can send Newegg links for the recommended parts that would be great also.

Please list if it is better to go with 2 3 or 4 video cards, or 2 separate computers with 2 video cards each.


Its a bullshit post. He's a paid shill. If you read between the lines, you can tell he knows exactly the answers to his questions.

Then his 2nd post his SECOND POST!!!! he starts trashing bitcoin, THE NEXT DAY, after talking about building a mining rig. Every friggin' post, he trashes it up and down. NO EXECPTIONS! He doesn't mention building a mining rig again!!! And pure negative BS from that moment on, before any of the bad bitcoin mishaps started happening (except for the drop from $30).

I agree there will be a correction in the price. I think there are many more new coins coming into the market then speculators or people who need the currency will buy. When the price stagnates for a few days people will try and take some profits.

For the people who own thousands of these coins, they were crazy if they did not sell some of their bitcoins when the price was over $30.

I think the bitcoin has potential, but the prices are just far too high with so many coins out there, and the risk of someone so easily dumping all their coins.

DISINFO AGENT.

And you know if there's one, there's a hundred.

sr. member
Activity: 253
Merit: 250
Edward50, you're a moron if you think the only way to make money is by the Bitcoin gaining in value.  I've made over 40% of my stake in Bitcoins the past 3 days alone, and you had absolutely nothing to do with it.
member
Activity: 112
Merit: 10
Sorry, I won't learn my lesson until bitcoin is long dead and buried. Fool, this is not about the money. This is about an amazing technology and the awesome community that is supporting it.
legendary
Activity: 980
Merit: 1020
I WANT TO BUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUY!
legendary
Activity: 1736
Merit: 1006
It isn't even funny anymore watching you guys lose money. Even after all the flamming and troll calling you have done.

I bet U wanted to be a miner and missed out, so you're bitter.
legendary
Activity: 2212
Merit: 1008
hero member
Activity: 504
Merit: 502
It isn't even funny anymore watching you guys lose money. Even after all the flamming and troll calling you have done.

For like 2 months I have been warning many of you that the price will fall and that you should sell your bitcoins. Even during the recent run to $8.70, I told you it would rise to maybe $11 or $12, and then fall even lower. I told you to sell during this mini-rally.

My reasons varied why I said bitcoins are not worth $30, or even $20, or even $8 dollars.

However, the main reason is that there are way too many miners dumping thousands of bitcoins on the market every single day. buyers of bitcoins are few and far between, why buy when most people mine them for free anyway. The buyers of bitcoins can not afford to pay all those thousands of miners to mine.

Just think about it logically, all these miners want to make hundreds of dollars a week, however, who the heck is going to turn around and pay them for something that has no actual use. You can't use it for anything, it is for the most part totally worthless, and now it keeps losing value like there was no tomorrow. To make it even worse, bitcoins are very unsafe to hold and store. It is a matter of time before your bitcoins are stolen in my opinion. I am sure many buyers do not feel safe taking thousands of dollars of their cash, and then holding it in bitcoins. Personally if I had any significant amount of bitcoins I would be deathly worried that they will get hacked.

The other problem you guys face is that I really do believe the big market players have pulled out already after trying to hold the market higher, and lost thousands of dollars trying to do so. There are almost no buyers on the market, except a fake build wall at $9.00 right now.

If all the bitcoins that were mined today were sold, it would push the price of bitcions all the way down below $7.00 right now, assuming that $9.00 bidwall is fake.

So stop being stupid and blind. The money miners make comes from the buyers of bitcoins, but the buyers of bitcoins don't have nearly enough money to subsidize the whole bitcoin mining industry. And with the continuous fall of bitcions over the last months, it will get even worse.

Put your money where your mouth(ahum, keyboard) is.

Pay me $30 per BTC (total of ~2500BTC) and I will stop mining immediately.

Show us just how much you care about us(me).
full member
Activity: 210
Merit: 100
What are you talking about? The price doesn't have to stay high to make money. It just has to change
legendary
Activity: 2212
Merit: 1008
i would not eat them in a house, i would not eat them with a mouse.  i do not like green eggs and ham, i do not like them sam i am.
legendary
Activity: 1764
Merit: 1015
legendary
Activity: 1022
Merit: 1001
hero member
Activity: 602
Merit: 500
It isn't even funny anymore watching you guys lose money. Even after all the flamming and troll calling you have done.

For like 2 months I have been warning many of you that the price will fall and that you should sell your bitcoins. Even during the recent run to $8.70, I told you it would rise to maybe $11 or $12, and then fall even lower. I told you to sell during this mini-rally.

My reasons varied why I said bitcoins are not worth $30, or even $20, or even $8 dollars.

However, the main reason is that there are way too many miners dumping thousands of bitcoins on the market every single day. buyers of bitcoins are few and far between, why buy when most people mine them for free anyway. The buyers of bitcoins can not afford to pay all those thousands of miners to mine.

Just think about it logically, all these miners want to make hundreds of dollars a week, however, who the heck is going to turn around and pay them for something that has no actual use. You can't use it for anything, it is for the most part totally worthless, and now it keeps losing value like there was no tomorrow. To make it even worse, bitcoins are very unsafe to hold and store. It is a matter of time before your bitcoins are stolen in my opinion. I am sure many buyers do not feel safe taking thousands of dollars of their cash, and then holding it in bitcoins. Personally if I had any significant amount of bitcoins I would be deathly worried that they will get hacked.

The other problem you guys face is that I really do believe the big market players have pulled out already after trying to hold the market higher, and lost thousands of dollars trying to do so. There are almost no buyers on the market, except a fake build wall at $9.00 right now.

If all the bitcoins that were mined today were sold, it would push the price of bitcions all the way down below $7.00 right now, assuming that $9.00 bidwall is fake.

So stop being stupid and blind. The money miners make comes from the buyers of bitcoins, but the buyers of bitcoins don't have nearly enough money to subsidize the whole bitcoin mining industry. And with the continuous fall of bitcions over the last months, it will get even worse.





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