Topic: I'm dumping my bitcoins so you should - page 35. (Read 35681 times)

I'm going to do what I've been doing last months - trading. But this time my depo is in fiat, not bitcoin. I totally disagree about storing fiat is a bad idea. Bitcoin has reached its peak and it's not going any higher. So sell btc now and open a short position is a great idea IMO.

I also invest in blockchains and small startups/projects.

That coin has to nothing do with centralization. That's like saying NXT is centralized. What more important is that normal people (masses) don't give a flying bit about (de)centralization and other things like this. They use what they are told to. People like you and other smart-asses is a minority, have always been, will always be. This is how life goes. And I repeat that bitcoin doesn't need to be stopped, it cannot be. People can be stopped from using it.

Also consider that an average bitcoiner cares only about price. If it goes below $100 and stays there somehow for a while that average bitcoiner will abandon the ship and will curse the day he/she bought btc. There's an extremely small amount of people who are really interested in the technology.


I pointed that it was just an example. Corps/banks/govs and other powerful structures have tons of money for researches, coders, scientists, etc. So better solutions are yet to come.

Bitcoin can't be banned in every county possible. China and the EU counties. That's all it needs and bitcoin is almost gone. Black markets won't last long too.


It's been when there was a flux of money from China that is now shut by PBOC and when there was so-called willybot. When and only when.


Sure I do. I do want to grab cheap coins. As low as just $449.90! They are so cheap! Grab cheap coins ASAP! Tomorrow price with no discount will be $40 000 or even more that's what Winklevoss twins said!

No man this is the most foolish shit I've ever heard.

Grap cheap coins before it's too late!


Bitcoin hasn't been banned in Russia yet.  And I don't regret about anything. No matter what I've done.


These are just concepts. Real blockchains are yet to come. Anyway, corps working on blockchains is a very anxious signal for bitcoin.

I wish I could have bought your cheap coins for as low as just $449.90...

Sure it's possible to believe in anything even that tomorrow aliens will invade Earth. Faith is really not the thing you need when it comes to investments.

i would sell all my bitcoins only if i had no more real money left and now as i have some to buy my food for i dont need to sell it and i keep getting more and more of it s i believe that bitcoin has a bright future and that its price will rise a lot in the future what will make me a millionaire

Haha no i am not giving you my coins at cheap like dirt price to you. I strongly beleive in bitcoin and i will keep on holding or even buying constantly till it get 1k. 

Because what these 'blockchains' offer is a publicly auditable settlement ledger. Nothing more. They won't allow any kind of anonymity, they won't offer censorship-resistance secured by massive hashing power, they simply don't need it. Yes, Bitcoin is not perfect in that regard as well (chinese miners), but it's a lot better. These 'blockchains' are not designed to replace Bitcoin, they are designed to improve settlement mechanisms within traditional financial system.

It sure works lol



You don't seem to get the fact that for Bitcoin to become a success, it doesn't need government's approval (for it was designed to be censorship resistant) and it doesn't need the average joe buying coffee with it. The average joe doesn't buy coffee with gold, yet gold has trillions for a marketcap.
You just trying to find justifications after dumping all of your Bitcoins to not feel like an idiot. You've made a mistake by buying on the blockchains by bank thinks and you will realize this fact in a couple of years.

If the bitcoin price drops because of the spams, it is good for poor people like us. We can buy more bitcoin cheaply.

That seems to be the case.
He is sitting on a huge amount of fiat and would like to participate in Bitcoin. But that is not all.Being greedy as hell he wants the cheapest coins he can get.Therefore he made this most stupid post I have ever read in hope to get the expected reaction.
He will fail miserably with this attempt.

It's already been $1K and dreams about $5K -$10K are a perfectly rational place for price to be driven up on the next ATH rally, if only due to speculators/traders who are along for the usual ATH ride. Whether it stays there is another story.

PoS , especially PoS controlled by corrupt parties who knowingly break the law, repeatedly, isn't secure . Additionally, you fail to address my other points. It isn't just speculation as well -

http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=3&f=G&l=50&co1=AND&d=PG01&s1=cryptocurrency.TTL.&OS=TTL/cryptocurrency&RS=TTL/cryptocurrency

http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=7&f=G&l=50&co1=AND&d=PG01&s1=bitcoin&OS=bitcoin&RS=bitcoin

Will I use a coin with the above technologies.... nope. Will these banks coins be inflationary as well... of course... See--
https://en.wikipedia.org/wiki/Gresham's_law
https://medium.com/@BambouClub/best-and-worst-performing-currencies-in-2015-d1e62088bc29#.9dijwak26




Actually , you haven't done the math. Lets assume a fantastic premise to bolster your flimsy argument. In the extremely unlikely event that bitcoin becomes illegal in every country thus eliminating the whitemarket, heavily criminalized with severe penalties thus eliminating the grey market, it will be used just on the blackmarket.... and if it grows to only encompassing a very conservative 5% of the blackmarket you are talking about 100k dollar coins eventually.

Bitcoin has already reach critical mass and will continue to grow.

This might be the best option for you, to sell all your bitcoins and make profits that way. Or to just not buy at all. People turn to bitcoin for various reasons. Some do it to avoid fees and some use bitcoin as a savings account that gives them more profits in the future.

What I don't get is why telling the world your dumping your coins? Ok some of your points make sense some don't.
Show us proof you're out and sell your account. And even if you're right you gave no real explanation why this thing is going to fail. All hypothesis.

Btc will be here as long as there's Bitcoin core, internet and two or three friends mining.

I'm not against you but maybe take a break, put your coins in cold storage, and then come back.

I doubt an individual here will use that centralized coin. the very reason why we are here is to be free from them so why use their system. No one has stopped bitcoin, if they can, they should have done it. stop bitcoin long before it started to be known.

This sums up the thread pretty well, Op if you truly sold your coins(which I doubt), why did you need the cash? Fiat isn't that good of a store of value, but you being a regular here know that pretty well. What did you buy with your wealth? Lighten us dear OP.

OP doesn't waver.

I like him.

+5!

You sound like you are in denial.

Not, that's just truth hurts.

Sure there will always be such demands as money laundering, transferring money outside such countries as China, drugs selling, and other illegal activities. But all these things won't make price go up. Basically, I want to say that dreams about $1-3-5k and so on per coin are sick.


First. This "massive hashing power" is controlled by few Chinese pools. Second. Who said they destroy what bitcoin offers?

PoW don't need to be replicated. Banks/govs can create a PoS system with several central forging servers. This is just an example and there are more solutions.

How did you know that? Surely I'm a zionist agent.

And how long are you doing to hold it? Until the ends of the days? You should clearly understand that people who have money, power, police, army, etc won't allow bitcoin to exist. Bitcoin is kinda unstopable but people can be easily stopped from using it. Like banning bitcoin in China will shrink price in times which also will make network to get weaker.


Just wait few month and you will be able to buy it back with a big discount. Mark my words.



It's up to you. No one is forcing you to dump the coins. Hold now @ cry later.


It increased in more than 100% last month. Isn't it enough to sell the coins? Will any bank offer you such an interest? You sound like you are even more greedy than I'm.

This forum is not just about bitcoin, see that?

There is no frustration, there's just how things are.
And who should I be to advice people?

Just like Facebook Google mostly generates revenue by showing ad. Suppose ad-blockers with no whitelisting its adventuring will be installed on 9/10 devices then Google will collapse. So both seem like hypes.

What a butthurt! I like this one.

You made me lol so hard. Just imagined how I'm buying at $450 cause that's a bargain!

they don't want the price to fall, they want only to accumulate more by creating a dumping opportunity at every new range of value

so actually for them the price does not matter as long as there are big swings they are happy

There were so many threads like this when the price was around $220 and people who listened to these fudsters and sold their BTC or didn't buy at that time, lost their chance of making good profit when the price went up. I think OP is just another one of those people who didn't bought any bitcoin then and now is feeling bad about it.

Bitcoin has proven wrong these haters so many times before and its going to do it again. It gave everyone an opportunity to get on board when it stayed around $220 for so long, those who believed in it, made good money and the ones who didn't are feeling sorry now.

True, the old FOMO think, emotionally uncertain of their claims, they try to convince everyone else that they did the right thing, so you should too.

Either way, they're losers and as transparent as glass

I'd have better peace of mind if they did sell and price continue 's to rise.  Which hopefully it will.

Bears don't neccessarily want the price down so they can buy. They might want it down because they want to validate their sell as the right decision and have peace of mind.