Topic: I'm a bear and proud (Read 5151 times)

nk - i think your mom's calling. "get off the 'puter, your tater tots are ready!!"

I'm a twink and proud!


Wait, wrong forums...

CONSTRUCTIVE: Sell your bitcoins and move on. 

smoothie and BTCbitonBTC

i'm open to all constructive critiscm, with a backing,  not childish 'bulls, with nothing to say

"I CAN TYPING!" 

i just cant be bothered to put time in for grammar

dumber than the average bear.  its fun to see these noobs join and pretend they know what they're talking about with their FUD and 6th grade grammar.

You might want to use some punctuation and paragraphs.. I can't even read your wall of text this way.

yes silver can be manipulated, gold not so much,
and yes you can call bitcoin the 'digital gold', yet remember through all this hype about a finite number of bitcoin, theirs also a finite number of terracoin, litecoin, dvc, name coin, ppc coin, a finite number of bitcoins doesn't mean as much people like to think it does.

 you don't get alternatives to gold, yes you get different carrot gold, but gold is gold, a real natural resource, not a digital amount which can be replicated and advanced  by another software (such as litecoin), that is the problem with this whole bubble, is that everyone thinks this finite number actually means something yes bitcoin got the attention first, but that doesnt mean bitcoin is superior to toehr cryptos,

furthermore you can't compare manipulations of gold and silver to something thats meant to be a currency. we don't pay in gold or silver coins anymore, hasn;t been around for hundreds of years, when a currency is hugely manipulated, the end users or retailers are affected by a manipulation of price, as bitcoin as a currency is meant to transfer wealth, therefore manipulation of a currency is alot worse than manipulation of gold or silver.

It's your tone, you come off with an attitude that you know all the 'facts' and can teach us delusional 'bulls' here a lesson. But it seems you have come around a little since your first post and perhaps a civil and respectful discussion is still possible. For me personally it doesn't really matter what you believe or don't believe, I have decided long ago that I'm sick of fiat currencies and banks/corporations/governments making debt slaves out of us, so when I discovered bitcoin I really felt like this was exactly what I was looking for and jumped on it after doing some research of my own. To be honest whether the price goes to $1000 or $10 is not as important to me as being able to buy stuff with it. If my local supermarket accepted bitcoin I would do all my groceries in bitcoin. I think this matter is so important that I'm willing to risk my (fiat) money to help make it succeed. If it fails I will still be able to pay my bills though so I'm not putting everything I have on the line, but it's still quite a lot.

And yes I know there's manipulation going on, but what isn't manipulated these days? Do you think gold or silver is free from manipulation? Or fiat currency?

Good point to consider - thank you nkspace!

It is so easy to manipulate this market - it is so small. When I am trading futures or stocks - I buy a contact that worths say 200,000$ and still I can't move the market - cause the market cap is sooo large. But here... - let me tell you a secret, after the BitCoin value sky rocketed up to 47$ maybe two months ago, there was a software problem, and I tried to pull my money out, geez I did it so slowly and still I managed to take the price under 40$... I mean -yea it was me.... look at the 'rich' early adopters, those that preferred to save those coins instead of buying a pizza with 10,000 coins - they can move the market wherever they want. They will lure as many people as possible into this sucker's rally and then dump so many bitcoins that the price will go shockingly low and then you can see the big orders coming 1000 bitcoins, 5000 bitcoins, yea just around the 50ish...  so yea - there is a possibility that it is manipulated and the thing is - every round like this - these guys are multiplying the number of bit coins that they have so it's not that the richest person is going to have 0.0001% of the market cap - no - it's about individuals that have 0.1% to 1.0% and more of the cap and they can move it and they aren't going away soon. I am not sure that it's manipulated but yes - it's a good point to consider.

True, I cannot disagree. It's much easier finding merchants to accept Bitcoin (through BitPay, which means they accept USD and not Bitcoin) than it is to get the general population to transact with Bitcoin. There is a large foreign exchange risk in holding BTC simply for the sake of transactions. Right now, only investors hold bitcoins and they sometimes use them for transactions.

There is a massive segment of the population that will never invest in BTC. That segment does not have an incentive to buy BTC simply to make intra-border transactions, so for most people it would be a USD-BTC-USD transaction. It's a lot to ask to someone to become an investor in Bitcoin and subject them to enormous foreign exchange risk simply because they want to make transactions in a way that might save them 1% if they are lucky.....

The spread is still relevant because at some point every investor had to purchase BTC, whether at $2 or $266. And imagine if the USD was so volatile relative to consumer prices that one had to essentially become a forex trader to make everyday purchases because that was the only way to maximize purchasing power.

i can give you my word that is not the case, infact quite the opposite,
making this a completely neutral debate/discusiion

@nkspace

Oh dear, someone brought high and sold low. School boy error.

Looks like public confidence increased considerable during the last 4 years. Don't worry.

Bitcoin is backed by cryptography. What is $ backed with? It is backed by the threat of violence should you refuse to accept it. If the Fed tomorrow decides to accelerate printing, that is what they will do. $ can and will be created in arbitrary amounts and we will see the day when a dollar bill is not big enough to contain all the zeros. Luckily we will be cashless at the time with smart money that decides whether or not you can spend it.

yes i've covered already that you don';t need to buy a whole one, read my other post, bitcoin functions as well at 100 dollar to the power of seven as one thousand to the power of seven

sometimes 20 - 200% daily, dpends on the mood of the speculators

they might fluctuate a couple percent, not 20 percent daily!

so in order to reach semi volatile like silver, you would need to have a bitcoin to be worth 3,000 dollars each, and public confidence in a volatile unbacked currency won't be enough for that to happen, unless the market stops being manipulated, however that won;t happen