To all comments on my post:
First, to those screaming "Troll!!", Bitcoin is a global and extremely important conversation. Bitcointalk.org is a forum designed to host this conversation. If you don't like what I have to say then, by all means, build your own forum and ban whomever you wish.
Second, my comments are not intended to imply the FAILURE of Bitcoin. On the contrary - it is Bitcoin's SUCCESS that concerns the proverbial Powers That Be.
Why? Because a currency of the people, by the people, and for the people does not collect interest for bankers.
The rich WILL wrangle this technology out of your hands. In the end it will be no different than ordinary, plain vanilla fiat subject to the rich and powerful who are, as you read this, dragging your Bitcoin "wealth" back into their reality.
I'll say it again - SELL NOW.
Topic: is this the end of bitcoin? (Read 5207 times)
Im suprised most exchanges didn't go broke since last bubble collapse. I bet they are making 100 time less than while bubble was alive.
They earn % from bitcoin sell/buy, since there is not much trade, no much profit :|
It wasn't good year for bitcoin businesses
They earn % from bitcoin sell/buy, since there is not much trade, no much profit :|
It wasn't good year for bitcoin businesses
May be we all are waiting for some big news which will again bring our loved Bitcoin on the top of the list of currencies. Let's see what this year will bring for all of us in next few months.
Bitcoin is the Yahoo of digital currency. The AOL. The Compuserve. The dial-up modem plugged into a landline.
Bitcoin is neither of those things. Bitcoin, after 6 years, simply doesn't exist in the world like other tech. Even Compuserve had more users at their peak. The capitalization of the defunct Deutschmark, still being circulated and used as barter, is worth more than Bitcoin.
http://theweek.com/articles/473734/why-are-germans-still-using-deutsche-mark
Quote
Is the mark widely used?
Yes. There are currently 13.2 billion marks, equivalent to 6.75 billion euros, in circulation in Germany. A clothing chain called C&A rakes in 150,000 marks a month, while 90 percent of telephone booths operated by Deutsche Telekom take mark coins, known as pfennigs
Yes. There are currently 13.2 billion marks, equivalent to 6.75 billion euros, in circulation in Germany. A clothing chain called C&A rakes in 150,000 marks a month, while 90 percent of telephone booths operated by Deutsche Telekom take mark coins, known as pfennigs
I trust estimations more from the FRB, ECB and impartial people like Jeffrey Robinson over con artists trying to pump their own IPOs or defunct exchanges. MtGox claimed millions of users and yet Risto Rpietila, on these forums, discovered MtGox only had around 60,000 addresses with anything in them (and a lot of them contained dust) and addresses are not people. More realistic estimates from FRB, ECB and Robinson indicate less than 250,000 users.
It increasingly looks to be the case that Bitcoin was really all hype and smoke to make con artists like Mark Karpeles and Jed McCaleb rich.
If FRB's assessment is right then we have exponential doubling every 8 months but that still puts Bitcoin well over 10+ years before it becomes a household thing and I wouldn't hold my breath waiting for it.
Are you a paid troll or what. Look at coindesks Q1 report, over 1m addresses, and still growing . Yes the growth rates is less now as the mainstream media demonizes it, but still growing.
If you guys after 6 years think that bitcoin is a ponzi scheme then just go back to your ponzi fiat money and your ponzi retirement fund and your ponzi welfare and let's see which one will last more.
Bitcoin is the Yahoo of digital currency. The AOL. The Compuserve. The dial-up modem plugged into a landline.
Bitcoin is neither of those things. Bitcoin, after 6 years, simply doesn't exist in the world like other tech. Even Compuserve had more users at their peak. The capitalization of the defunct Deutschmark, still being circulated and used as barter, is worth more than Bitcoin.
http://theweek.com/articles/473734/why-are-germans-still-using-deutsche-mark
Quote
Is the mark widely used?
Yes. There are currently 13.2 billion marks, equivalent to 6.75 billion euros, in circulation in Germany. A clothing chain called C&A rakes in 150,000 marks a month, while 90 percent of telephone booths operated by Deutsche Telekom take mark coins, known as pfennigs
Yes. There are currently 13.2 billion marks, equivalent to 6.75 billion euros, in circulation in Germany. A clothing chain called C&A rakes in 150,000 marks a month, while 90 percent of telephone booths operated by Deutsche Telekom take mark coins, known as pfennigs
I trust estimations more from the FRB, ECB and impartial people like Jeffrey Robinson over con artists trying to pump their own IPOs or defunct exchanges. MtGox claimed millions of users and yet Risto Rpietila, on these forums, discovered MtGox only had around 60,000 addresses with anything in them (and a lot of them contained dust) and addresses are not people. More realistic estimates from FRB, ECB and Robinson indicate less than 250,000 users.
It increasingly looks to be the case that Bitcoin was really all hype and smoke to make con artists like Mark Karpeles and Jed McCaleb rich.
If FRB's assessment is right then we have exponential doubling every 8 months but that still puts Bitcoin well over 10+ years before it becomes a household thing and I wouldn't hold my breath waiting for it.
Stop this thread immdiately, its just nonsense scaremongering.
These exact threads make the price go down because you guys scaremonger eachother.
Bitcoin is not dead, go look up the Q1 statistics its higher than ever.
https://www.coindesk.com/research/state-of-bitcoin-q1-2015/
It's better than ever, anyone who says bitcoin is near death is a paid troll or just an idiot.
thanks for the link...and btw there are a all of peopels who having a different point of view then yours....yes u r too smart but that's because u had experienced this allThese exact threads make the price go down because you guys scaremonger eachother.
Bitcoin is not dead, go look up the Q1 statistics its higher than ever.
https://www.coindesk.com/research/state-of-bitcoin-q1-2015/
It's better than ever, anyone who says bitcoin is near death is a paid troll or just an idiot.
I`m just sick of people scaremongering eachother without checking the facts first. From last year, all unique wallet users rised, merchant profit was extremely profitable, venture capital investments grow alot, this was the first year when there were more investments generally other than mining.
So the bitcoin economy slowly but steadily expands, the only reason the price is so low is because the government interventions, exchanges got hacked, and mainstream media demonizations.
In short bitcoin is being sabotaged but its not working
It's still unknown how bitcoin will scale in the future. For now we have pretty detrimental stagnation of price and people used to higher price of btc are worried over nothing.
Stop this thread immdiately, its just nonsense scaremongering.
These exact threads make the price go down because you guys scaremonger eachother.
Bitcoin is not dead, go look up the Q1 statistics its higher than ever.
https://www.coindesk.com/research/state-of-bitcoin-q1-2015/
It's better than ever, anyone who says bitcoin is near death is a paid troll or just an idiot.
thanks for the link...and btw there are a all of peopels who having a different point of view then yours....yes u r too smart but that's because u had experienced this allThese exact threads make the price go down because you guys scaremonger eachother.
Bitcoin is not dead, go look up the Q1 statistics its higher than ever.
https://www.coindesk.com/research/state-of-bitcoin-q1-2015/
It's better than ever, anyone who says bitcoin is near death is a paid troll or just an idiot.
I`m just sick of people scaremongering eachother without checking the facts first. From last year, all unique wallet users rised, merchant profit was extremely profitable, venture capital investments grow alot, this was the first year when there were more investments generally other than mining.
So the bitcoin economy slowly but steadily expands, the only reason the price is so low is because the government interventions, exchanges got hacked, and mainstream media demonizations.
In short bitcoin is being sabotaged but its not working
Stop this thread immdiately, its just nonsense scaremongering.
These exact threads make the price go down because you guys scaremonger eachother.
Bitcoin is not dead, go look up the Q1 statistics its higher than ever.
https://www.coindesk.com/research/state-of-bitcoin-q1-2015/
It's better than ever, anyone who says bitcoin is near death is a paid troll or just an idiot.
thanks for the link...and btw there are a all of peopels who having a different point of view then yours....yes u r too smart but that's because u had experienced this all These exact threads make the price go down because you guys scaremonger eachother.
Bitcoin is not dead, go look up the Q1 statistics its higher than ever.
https://www.coindesk.com/research/state-of-bitcoin-q1-2015/
It's better than ever, anyone who says bitcoin is near death is a paid troll or just an idiot.
Stop this thread immdiately, its just nonsense scaremongering.
These exact threads make the price go down because you guys scaremonger eachother.
Bitcoin is not dead, go look up the Q1 statistics its higher than ever.
https://www.coindesk.com/research/state-of-bitcoin-q1-2015/
It's better than ever, anyone who says bitcoin is near death is a paid troll or just an idiot.
These exact threads make the price go down because you guys scaremonger eachother.
Bitcoin is not dead, go look up the Q1 statistics its higher than ever.
https://www.coindesk.com/research/state-of-bitcoin-q1-2015/
It's better than ever, anyone who says bitcoin is near death is a paid troll or just an idiot.
https://bitcointalksearch.org/topic/m.11091536 now I am a manager of this campaing
Im suprised most exchanges didn't go broke since last bubble collapse. I bet they are making 100 time less than while bubble was alive.
They earn % from bitcoin sell/buy, since there is not much trade, no much profit :|
It wasn't good year for bitcoin businesses
They earn % from bitcoin sell/buy, since there is not much trade, no much profit :|
It wasn't good year for bitcoin businesses
As a broker, my customer increased by 4 fold since the bubble top. The interest of bitcoin is spreading out like a virus, and since majority of people still have no clue about bitcoin, we are still in the phase of exponential growth
An old saying: If the cleaning lady start to talk how much bitcoin she has bought, then the growth is almost over. We are far from that, maybe never due to complexity of handling bitcoin's security
Im suprised most exchanges didn't go broke since last bubble collapse. I bet they are making 100 time less than while bubble was alive.
They earn % from bitcoin sell/buy, since there is not much trade, no much profit :|
It wasn't good year for bitcoin businesses
They earn % from bitcoin sell/buy, since there is not much trade, no much profit :|
It wasn't good year for bitcoin businesses
First and foremost, I am little tired of hearing the same stupid prophecy that Bitcoin is dead, Bitcoin has failed etc. It only show that our community is full of trolls, impatient kids and other individuals who thinks if bitcoin price is not $1000 already it probably is the end of the worlds and we are doomed. People who say things like that naysayers. I wish to see what they would say 5 years ago, when bitcoin price was like non existent.
Bitcoin is the Yahoo of digital currency. The AOL. The Compuserve. The dial-up modem plugged into a landline.
That there are now thousands of these Bitcoins hiding all over creation, and the world is actually providing goods and services for these Bitcoins (meaning they are officially "currency") presents a challenge to entities interested in MONEY.
Never forget: MONEY=FREEDOM.
If Bitcoin was bound for the price of $1000, or $10,000 in the year 2140, it would be there NOW.
Bitcoin is a magnificent model for a worldwide digital currency that will soon be replaced and "mined" by the likes of IBM, the Bank of England, the Federal Reserve and other multi-billion dollar entities.
Every Yahoo has it's Google.
It may be true in the IT department and in general business things are not that simple as there are not always better choice to follow. People in bitcoin world are just being extremely wavering. They know that bitcoin is something to follow but from the other side they refuse to fully back it up. That is just problem of our decentralized bitcoin society.That there are now thousands of these Bitcoins hiding all over creation, and the world is actually providing goods and services for these Bitcoins (meaning they are officially "currency") presents a challenge to entities interested in MONEY.
Never forget: MONEY=FREEDOM.
If Bitcoin was bound for the price of $1000, or $10,000 in the year 2140, it would be there NOW.
Bitcoin is a magnificent model for a worldwide digital currency that will soon be replaced and "mined" by the likes of IBM, the Bank of England, the Federal Reserve and other multi-billion dollar entities.
Every Yahoo has it's Google.
IT industry and others are just afraid because they don't want to be in a mess if something happen with Bitcoin. It still has no legal backing.
Bitcoin is the Yahoo of digital currency. The AOL. The Compuserve. The dial-up modem plugged into a landline.
That there are now thousands of these Bitcoins hiding all over creation, and the world is actually providing goods and services for these Bitcoins (meaning they are officially "currency") presents a challenge to entities interested in MONEY.
Never forget: MONEY=FREEDOM.
If Bitcoin was bound for the price of $1000, or $10,000 in the year 2140, it would be there NOW.
Bitcoin is a magnificent model for a worldwide digital currency that will soon be replaced and "mined" by the likes of IBM, the Bank of England, the Federal Reserve and other multi-billion dollar entities.
Every Yahoo has it's Google.
It may be true in the IT department and in general business things are not that simple as there are not always better choice to follow. People in bitcoin world are just being extremely wavering. They know that bitcoin is something to follow but from the other side they refuse to fully back it up. That is just problem of our decentralized bitcoin society. That there are now thousands of these Bitcoins hiding all over creation, and the world is actually providing goods and services for these Bitcoins (meaning they are officially "currency") presents a challenge to entities interested in MONEY.
Never forget: MONEY=FREEDOM.
If Bitcoin was bound for the price of $1000, or $10,000 in the year 2140, it would be there NOW.
Bitcoin is a magnificent model for a worldwide digital currency that will soon be replaced and "mined" by the likes of IBM, the Bank of England, the Federal Reserve and other multi-billion dollar entities.
Every Yahoo has it's Google.
If Bitcoin was bound for the price of $1000, or $10,000 in the year 2140, it would be there NOW.
Bitcoin is a magnificent model for a worldwide digital currency that will soon be replaced and "mined" by the likes of IBM, the Bank of England, the Federal Reserve and other multi-billion dollar entities.
Every Yahoo has it's Google.
So an agnostic global currency that anyone anywhere can tap into and know exactly what its parameters are and be confident that it can't be debased is Yahoo.
A currency produced by the same old clapped out institutions is Google?
Humans like to progress in general.
Bitcoin is the Yahoo of digital currency. The AOL. The Compuserve. The dial-up modem plugged into a landline.
That there are now thousands of these Bitcoins hiding all over creation, and the world is actually providing goods and services for these Bitcoins (meaning they are officially "currency") presents a challenge to entities interested in MONEY.
Never forget: MONEY=FREEDOM.
If Bitcoin was bound for the price of $1000, or $10,000 in the year 2140, it would be there NOW.
Bitcoin is a magnificent model for a worldwide digital currency that will soon be replaced and "mined" by the likes of IBM, the Bank of England, the Federal Reserve and other multi-billion dollar entities.
Every Yahoo has it's Google.
That there are now thousands of these Bitcoins hiding all over creation, and the world is actually providing goods and services for these Bitcoins (meaning they are officially "currency") presents a challenge to entities interested in MONEY.
Never forget: MONEY=FREEDOM.
If Bitcoin was bound for the price of $1000, or $10,000 in the year 2140, it would be there NOW.
Bitcoin is a magnificent model for a worldwide digital currency that will soon be replaced and "mined" by the likes of IBM, the Bank of England, the Federal Reserve and other multi-billion dollar entities.
Every Yahoo has it's Google.
If too many people ("investors") get burnt I think we can call it a day for high prices.
I hardly doubt that real traders/investors get burned like the average man from here. We often see people complaining and asking if they're ever going to get their money back.The people with a big amount of money are manipulating the price for their own sake. If you have no experience trading you shouldn't think that you're a trader just because you traded Bitcoins a few times.
In the long run, nobody should get burned (people who bought till this point in time).
If too many people ("investors") get burnt I think we can call it a day for high prices.
Yes, I do mean 1 btc=1 dollar.
The workings of the banking system can (and will) drag Bitcoin into submission.
Bitcoin is now an official currency and subject to control. Bitcoin falling off a cliff?
As if they'll let you buy a thousand of their dollars or pounds for ONE Bitcoin.
The workings of the banking system can (and will) drag Bitcoin into submission.
Bitcoin is now an official currency and subject to control. Bitcoin falling off a cliff?
As if they'll let you buy a thousand of their dollars or pounds for ONE Bitcoin.
control of what? the market? the market was always controlled by whales(maybe not when bitcoin started), this isn't a new thing
bank are not controlling any bitcoin, just government is holding those coming from criminal activity
Yes. Traditioanal markets had always been and will always be controlled by some most powerful Richy-Richs. When they enough money and want a reset of market, they just crash it. Same thing will be applicable for Bitcoin as well.
Yes, I do mean 1 btc=1 dollar.
The workings of the banking system can (and will) drag Bitcoin into submission.
Bitcoin is now an official currency and subject to control. Bitcoin falling off a cliff?
As if they'll let you buy a thousand of their dollars or pounds for ONE Bitcoin.
The workings of the banking system can (and will) drag Bitcoin into submission.
Bitcoin is now an official currency and subject to control. Bitcoin falling off a cliff?
As if they'll let you buy a thousand of their dollars or pounds for ONE Bitcoin.
control of what? the market? the market was always controlled by whales(maybe not when bitcoin started), this isn't a new thing
bank are not controlling any bitcoin, just government is holding those coming from criminal activity
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