Topic: I'm Out - page 3. (Read 8599 times)

considering your handle is infofront you seem a litle behind?

You exclude some information that is very pertinent:

For producers/vendors/merchants, Bitcoin is already supremely sweet.

Credit cards have a confirmation time of well over a month! CC Chargeback rates are increasing.

Please, tell me more!

Do you mean criminal interest rates?
Do you mean absurd charges, surcharges, convenience charges, annual fees, international fees etc?

The only reason anyone would use bitcoin over a credit card or paypal is for tax evasion. For the average consumer, credit cards provide so many advantages that bitcoin really isn't competitive.

I'm All In
People who cannot afford to buy more have a great chance to earn BTC.
Right now: If you price your products and services in fiat (and accept BTC), then you are getting more than 2x the amount of BTC compared to recent history.

Same here...but there's nothing wrong with taking advantage of the panic sellers on the way up! 

Yeah, weaker hands are folding and believers stay in game. Not everyone is in this for the money, or only for the money. I believe in the movement. Trusting math more than human character.

Whatchoo talkin' about fool!

whoaa... calm down BA, it is PITY not PITTY you great nit.

DrTrix (shouldn't it be DrTricks?, maybe DrDicks?) was right, 5 fiat paper stars for him. weee!

Bitcoin is just getting warmed up, if you see the bigger picture; man Bitcoin is just a little kid atm.

- Blockchain is getting improved, new tools aka user friendly soft-ware is inc for the Average Joe.

- Increased transactions

-Bitpay clients is increasing

-New exchanges world wide are waiting to get a lisence, that can take 1+ year to get the ''paperwork'' done.
 
As long the above things are getting better, i will buying/hodling my coins, i dont care what China does.

Also, we live in a financial system where companys needs to make money..(dhu) Look at Overstock that company is making tons of money by using Bitcoin. Its a no brainer to grasp the concept that more big boys wil jump in, just give it some time. You know those big boys are not stupid, al that new money created from Bitcoin can give there economics a new major impuls. And thats is what the world realy needs atm.

Or you could buy a dictionary.

Most of bitcoins are still hold. Volume of those recent trades were very small compared to all bitcoins mined.

I have been thinking about it for months now to sell, and it was better if I did sell at one point, only to buy back in now.

Everybody has his own view on the market, to bail out or to jump in. Good luck to all.
For now I just keep hodling my coins, bagholding

Highlights so well the reason why so many buy high & sell when they should be buying. 

I'm beginning to smell fear here. And that's good!

i just feel like 'being with btc',irrespective of fall or rise,is still worth it......

relax everyone. Yesterday it went back up to just over 500 bucks a pop. It will get back up there again. There are way too many miners.

Being out of the game is not a good thing, if we want the bitcoin revolution to success we are going to need a lot of people to participate.

In regards the IRS attack on Bitcoin, it really  sucks big time, it is part of the war against bitcoin, I would guess it will take a huge hit on the price on Bitcoin but eventually bitcoin will bounce back up, I feel that the IRS ruling will drive bitcoin underground in the USA which is not a good thing, on the positive side bitcoin is international.

Once the IRS realizes that they are driving capital out of the USA they might reconsider, but I have my doubts on that.

It is a sad situation in which you realize how much not free is the USA, but on the other hand there are even less free countries which is even worse.

One thing I have learned thanks to bitcoin, bitcoin is in indicator of economic freedom, the more a country attacks, regulates, and restricts bitcoin the less free a country is, on the other hand the countries in which appear on the bitcoin legal map as unknown are most likely the most free countries.

I it sad that I can not give any good advice in regards this situation, because on one hand I want the bitcoin revolution to succeed but on the other hand I realized that we are getting screwed by the IRS and there is very little that can be done, if we exit we lose our freedom, if we stay we could get hurt badly  financially, it is a difficult situation that sucks.

I would like to point out the in my opinion that IRS ruling it is illegal for 2 reasons, reason 1 it is a retroactive law and as such should be illegal, the other reason it destroys bitcoin fungibility which is essential for a currency to succeed, they are very much saying we will not allow a competing currency, which is itself illegal.

At this point something that should be really be considered as a high priority in the bitcoin community is to make bitcoin more anonymous without a fork if possible, that could help drive the price up since the IRS ruling is the main factor driving the price down, the other secondary factor is China.




  

Surely u must have made a lot of profit. I'd also keep 10% in bitcoins in case of future price spikes.

Poor Bass, He must of cried all night  

This is good, later when some one question the unfairness of early adopters, we can tell them that those early adopters have sold all of their coins  

My faith in Bitcoin is not as unshakable as it was a while back. Empty Gox and so many recent scams have shaken my belief.

Nevertheless I still have enough faith in Bitcoin to bet large on it. I am buying more now. If it falls further I will keep buying. If that means other expenses have to be slashed, then I am fine with that.