Topic: Is everybody turned bear yet? (Read 1745 times)

Well to respond to this, I believe you have made up your mind as well. To talk about me personally: nothing is ever set in stone on my side, but when I do take some position on a particular subject it is mostly not for the short term. I will invite you once again to tell me why I was wrong there.

I believe you see Bitcoin as a necessary evil in some ideological struggle. I hate to break it to you, but that's not why 90% of the people here owe Bitcoins. They owe them for other reasons and the crypto-anarchists are a vast, vast minority among the people responding here. For them, Bitcoin is not a tool to challenge governments. They know better than to drown in a sea of ideological, non-realistic nonsense. To wrap up: there sure won't be a revolution, especially in our western world. People here tend to be very servile in nature because of their own well being. It will take a lot of misery to turn that into a revolution, something that is highly unlikely if not nearly impossible to happen anytime soon.

And it doesn't need to be bad. Most people want security in their lives, and the current fiat system can give that to them on the financial side. At least - arguments about this topic aside - thát is what they believe. I've been voting for quite a few years and I know just how useless voting is. I still do it, out of principal reasons, but the people is never really in power in a party based democracy. There will always be compromises and almost never will one party do whatever the hell it likes. The sooner you have peace with that hard reality, the better. The only 'good' way out of our current system is a meritocracy, which is very difficult to realise in our current society. I believe that we, at some point, will revert to benevolent dictatorships, which might be easier to maintain. But change won't come from an anarchist's dogmatic point of view: governments are essential for our survival. People are herd animals, and every herd needs a shepard.

But getting back at Bitcoin: governments will not allow it. They will not allow their right to issue and control currencies to be taken away. It will pose to much risk to them and the financial system, so they will step in whenever Bitcoin gets a few times larger as it was last December. Until most of the coins are evenly distributed among the populace (which won't happen), Bitcoin remains firmly attached to its banking umbilical. Take away the banks, and the whole house of cards will fall down.

Why are you putting words in my mouth? I just pointed out that OP is wrong, I did not fall into an argue because that kind of people have their mind made up anyways and it would just be a pointless waste of time.

What comes to governments helping people, they should and could do a much better job. Nobody can be all-popular, but their arrogance (which has been rising massively lately) doesn't take them far. It just stretches the difference and hatred further. When the founding fathers envisioned USA, I'm pretty sure that the world we live in today wasn't what they were going for. There was even more than one fight against the banking system, with J.F.Kennedy being the last one to fight it and look where it got him.

I'm an Estonian, we don't have senators, but I'm a regular voter in every election. Even one vote CAN make a difference and I never vote for some sh*thead idiot who hasn't got anything else than promises. Have you seen what happens if you try to get rid of the "upper guys"? They just use force to make you silent. Oh and in most of the world (yeah, even Western world) it really doesn't matter who you vote for, because votes can be distributed between the same party and power goes to the people who are seen to suit it the best. The sh*theads won't disappear by voting, they can be taken down only with a revolution.

And ofcourse governments have to help people, if they don't, there will sure be a revolution. Governments are good in making people think they care for them, where really they don't give a shit. Much of the help goes the wrong way (in the pockets of the "Big Guys").

We live in a sick world and I see Bitcoin as one of the medicines.

Now that, I believe. 

BUY BUY BUY

Exactly the indicator we are waiting for.

Well said, atc1.

The fundamentalist libertarian / anarchist ideological influences that have thus so far impeded Bitcoin's mainstream integration into the marketplace will be expunged as time goes by.....by people like you, me, and others - one post at a time.

Lol. What a bad troll. You can do better. What the guy said is all true. At the end of the day,no one gives a damn about your policies,all they want is convenience. Can you send my money fast without taking out from it? Yes? Then,I'll use it. Your anti-bank agenda and whatnot BS can go suck it because the average Joe uses and trusts his bank. He uses fiat,which has been held by the present economic structure to be a very stable foundation for his everyday needs. Sure,now and then,things go wrong,but not everybody's going to pour all his savings into something he does not fully understand. I'm attracted to Bitcoin for it's applications and for the Bitcoin protocol,not a policy it seemingly stands for. The government the founding fathers envisioned was one that helps people. That's what a government stands for. For every government exploitation,there are a hundred things the government does to help you. You don't like your government? Then why the fuck do you keep voting your senator back into power every time? Get rid of him and get someone else. This is not the Wild West anymore. /government:rant

.... yet given the choice, people will never pay a fee they know they can avoid.  

It's not that the masses don't care, they are simply unaware of how the protocol so revolutionary to the concept of transmitting units of value within the marketplace.

You're right, what I said is not what I meant. 99.9% are not interested how tech works (thus don't want to know why bitcoin is secure, etc) and are not interested how money works (banks, fractionary reserve etc)

When you say bear do you mean long term or short term?


I have always thought this year would suck and i'm gonna continue to wait for good news... so I'm bearish for 2014

but i'm hella bullish for the long term

Because China banned it! And the IRS makes me pay tax on my capital gains just like I would with profits from any other investment~!!!111one

Oh wow, a few people in here don't really understand bitcoin the technology. Bitcoin or some crypto (95% sure its bitcoin) will replace the financial rails of all the major institutions.  I'm talking from banking, to stocks, to payment and remittance. Bitcoin is the superior technology and will out compete and out perform every other competitor. Why would you use moneygram or western union when there is bitcoin company in the same grocery store doing it for 1-2%?

Bitcoin adoption will happen in influxes, the tech savvy will read into it first, and get the lighbulb. They will create the beginning ecosystem. Then the entrepreneurs and venture (where we are now) will find out about it and build the businesses and companies on top of that. Then the regular mass of people will come in waves as the new businesses and companies are created that meet customer demands. Many or most even will not even know they are using bitcoin directly. It will be behind the curtain so to speak.  

There will be speculation and crazy wild swings, why would it not? Imagine if the internet had a value, it surely would not have been a smooth ride. Senate meetings about child porn and gambling would cause the early internet price to plummet. News articles calling it "no better than a fax machine" would erode the confidence of many about the future of the computer internet. Not many people imagined it would go so far, but the ones who were educated did.

it is up it has always been up. I bought in at $4-20 sold out $200-600. Until it gets back to $20 i am considering it to be up.

Yep, $400.11 was the bottom (unless we get more bad news). There's so much resistance at current prices that it's ridiculous.

Agreed, while I as reading this post I was seeing some pretty good reasons to hold onto cyptos.

I think it is too late to sell now. Bitcoin hit rock bottom. No point in selling this low !

Those were requests from the investors.  Not solicitations to them.

Either way, we most certainly will see!

https://twitter.com/barrysilbert/status/447836584554266624  ...and that was March 23rd.


The light of dawn will always find Bitcoin (or its spiritual successor) riding toward the eternal sunset of glory.

  all you bears, it's a shame you have no courage or faith to believe in a just cause.

The fact that BTC is trading above $0.00 is proof that not everybody is bearish. I'm bullish and am expecting a trend reversal within the next few months.

My BTC are safely locked away in paper wallets and I laugh at the fools who panic sell every time China bans Bitcoin.

All the people that have been screaming to the moon are embarrassed for being constantly wrong.  I want them to come back as we need people spreading bs rumors about bitcoin going to the moon.


99.9 percent pf people are not interested in tech and money?  I'm sorry but that is the stupidest thing I have ever heard in my life.  Maybe if you said 99.9 percent of people aren't interested in crypto currency or something, but saying 99.9 percent of people aren't interested in money and tech?  Wtf, did the world move into the woods to become one with nature overnight?