Topic: It is the exchange rate that is affected not Bitcoin itself (Read 495 times)

Absolutely,
when GPU-miners came out, it was the end of Bitcoin,
when people began to gather around in pools, it was the end of Bitcoin,
when ASICs came (or come) out, it was (or is) the end of Bitcoin,
when the price rises, it's the end of Bitcoin and
when the price falls, it's the end of Bitcoin.

No matter what happens, Bitcoin is doomed to fail.

OKDSKADKSKA KDSKL KDSKLA.....

Okay, I'm seeing lots of hysterical newbies, who could well be trolling with the sheer stupidity that's coming out lately because of the rise in the exchange rate prices but let me tell you something for a minute before you decide to scream this is the end like everyone did with ASIC's. The only thing that is being affected by this selling/buying frenzy is the exchange rate of Bitcoin, the value of Bitcoin itself when you look at the math doesn't actually change because Bitcoin has a fixed volume. If the price for Bitcoin in USD or any other conventional currency falls or rises this doesn't mean the end for Bitcoin in any sense of the word because in the end 1 Bitcoin is still 1 Bitcoin, it can't change if you have 0.2 Bitcoins today that's still going to mean you have 0.2 Bitcoins tomorrow. I'm pretty sure most intelligent people realise this but in the end if the price falls you can just sit on it again until the price rises again because you're still going to have the Bitcoins you gained in the first place. It isn't like the conventional currencies where if the prices crash then it's a disaster because Bitcoin isn't tied to anything and the volume of Bitcoins can't increase so the only thing that is going to change is how much you would pay for it in paper money.

So in short, the only people this will drastically affect are the ones who are either day trading or generally speculating and that's their only source of income ( which to me is a pretty moronic thing to do especially in such a new economy ) if you actually earn Bitcoins then all that changes is you'll get less paper money than if it were at the highs it is now. If that bothers you so much then you can hold Bitcoins until it rises to more reasonable levels again or you can start a bloody farm and sell basic food for Bitcoin so you can get a better form of income and not be as affected by paper money. I hope while ranty this does actually explain why people are just being overly hysterical and acting worse than wall street traders about this.

This really does remind me of ASIC's, I suspect every couple of month there's going to be a new reason for the end of Bitcoin, it will happen and I'll be rolling my eyes at people for getting taken in so easily and not using their brains.