It's over. Bitcoin is finished. - page 7.

BTCisthefuture

sr. member

Activity: 364

Merit: 250

Quote from: lm2f on December 07, 2013, 06:03:57 PM

The last bubble was bitcoin's last hope for establishing itself, now that it's crashed in the middle of the media spotlight, no one will have confidence in it anymore. Have fun holding the last tulip when it all comes crashing down. Serves the gullible idiots right for buying into a ponzi scheme posing as a fake currency.

worth pointing out that the last "bubble" when it hit around $200+ it had a huge amount of media attention as well and then crashed as well.

when the market is still so small it's pretty hard if not impossible to look at huge price swings like this and come to a conclusion about the longevity of bitcoin.

if you want a better idea of how bitcoin will do long term then right now it's better to focus on how bitocoin is expanding for businesses and consumers to use. in the front bitcoin is still growing very fast regardless of the price. so that's a pretty good sign that bitcoin is here to stay and someday in the future there will be less volatility

greenlion

hero member

Activity: 667

Merit: 500

Let's talk about reality here. The crash can only hurt people in two possible scenarios --

1) You panic sold right at the bottom or close to it and can't rebuy your original BTC holdings, in which case you were whale food.

2) You literally JUST bought Bitcoins for the very first time a few days ago and are pissed at their current dollar value.

The solution to this entire problem is not to scream "ponzi scheme" and embarrass yourself like a complete moron.

The following helpful tips will prevent anyone from having to rush onto the internet to create a thread about complete crybaby bullshit --

- Don't buy Bitcoins with money that you absolutely need anytime soon, because if you do you're a moron
- Don't sell all your Bitcoins in panic just because the price goes down, because if you do you're moron
- If you don't know anything whatsoever about technical trading, just stick your Bitcoins in an offline wallet and come back in a few years, because caring about the dollar price on a day-to-day basis, again, makes you a moron.

lindatess

full member

Activity: 140

Merit: 100

Quote from: navidos on December 07, 2013, 10:46:50 PM

I'm just wondering why you are here and posting sh** =))

Then go away and let us do the job without baby boys.

Censorship, Aren't you a liberal invested in bitcon too?

Everyone needs to debate the merits of bitcoin.

I have to admit I have lost some money but that's fine with me. I knew the ponzi game. But for those who weren't informed. They should be able to discuss what happened.

Practice what you preach.

navidos

member

Activity: 101

Merit: 10

Life Goes On !

I'm just wondering why you are here and posting sh** =))

Then go away and let us do the job without baby boys.

oxxymoronn

member

Activity: 84

Merit: 10

.

Quote from: lm2f on December 07, 2013, 06:03:57 PM

The last bubble was bitcoin's last hope for establishing itself, now that it's crashed in the middle of the media spotlight, no one will have confidence in it anymore. Have fun holding the last tulip when it all comes crashing down. Serves the gullible idiots right for buying into a ponzi scheme posing as a fake currency.

lol, thanks

beetcoin

sr. member

Activity: 434

Merit: 250

hey OP, do you think that i could possibly reserve a spot in one of your run-for-the-hills bunkers?

lindatess

full member

Activity: 140

Merit: 100

Quote from: marcus_of_augustus on December 07, 2013, 10:09:48 PM

... buying opportunity

Back above 1200 by March-April. Some bigger money is getting itself well-positioned, it is how each phase has played out as the total capitalisation value allows bigger players to enter ... as the previous (smaller) fish are trying to exit ...

Good luck, I'd rather wait until it actually starts rising.

If it doesn't rise, then you could be waiting years. Don't forget the opportunity cost of money.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

... buying opportunity

Back above 1200 by March-April. Some bigger money is getting itself well-positioned, it is how each phase has played out as the total capitalisation value allows bigger players to enter ... as the previous (smaller) fish are trying to exit ...

lindatess

full member

Activity: 140

Merit: 100

Quote from: Swapster on December 07, 2013, 10:01:00 PM

Alan Greenspan, the guy who didn't see the housing bubble, the guy who saw fit lower interest rates to such a low that saving doesn't make sense, the guy who thought endless printing of the dollar would bode well for future generations… and the guy who just goes along with all the military spending… he can't come up with any reason why a decentralized, electronic currency might have some value.

I guess Alan can load up a million dollars worth of cash or gold and travel around the world with it. I'm sure Alan could send $10 million to China and incur no fees. He's a real genius. Maybe that old kook should just shut up when he isn't sure about something.

He saw the Bubble clearly this time.

It's like Donald Trump. You fail many times, but one time you will be correct and make millions.

I wonder if Greenspan was shorting bitcoins. Smart guy.

It's just the collective people decide to speculate and game the central bank. The central banks aren't delusional, they are fixing one problem, the immediate problem, but cause another problem to be fixed later. That's better than having the old problem stay there forever. Greenspan is a hero.

Modern example: Without QE, the United States would undoubtedly be in a worse state.

Swapster

member

Activity: 131

Merit: 10

Alan Greenspan, the guy who didn't see the housing bubble, the guy who saw fit to lower interest rates to such a low that saving doesn't make sense, the guy who thought endless printing of the dollar would bode well for future generations… and the guy who just goes along with all the military spending… he can't come up with any reason why a decentralized, electronic currency might have some value.

I guess Alan can load up a million dollars worth of cash or gold and travel around the world with it. I'm sure Alan could send $10 million to China and incur no fees. He's a real genius. Maybe that old kook should just shut up when he isn't sure about something.

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Quote from: lm2f on December 07, 2013, 06:03:57 PM

The last bubble was bitcoin's last hope for establishing itself, now that it's crashed in the middle of the media spotlight, no one will have confidence in it anymore. Have fun holding the last tulip when it all comes crashing down. Serves the gullible idiots right for buying into a ponzi scheme posing as a fake currency.

Noob 101

Bobbydiggital

newbie

Activity: 28

Merit: 0

i think its hard to say, like the BTC is very unpredictable at the moment, lets wait and see!

lindatess

full member

Activity: 140

Merit: 100

Yep, this time it's gone too high..

Next time it needs to bubble over $1500. Very unlikely to happen due to various psychological issues. e.g. Gold price and other comparables.

embracebitcoin

newbie

Activity: 8

Merit: 0

nice to know you are using the tulip analogy, something used by an old dutch banker, who talks down on bitcoin to protect their fiat scheme, which is based on thin air.
Another one of these idiots is alan greenspan, the strawman of decades of banking scams which have helped the economy completely in the shitter with record debts. The real value of fiat money is less than toilet paper, because toilet paper is at least usable as such. Not that I have tried wiping with paper money, but i doubt it does that better since it are relatively smooth paper surfaces. Wink

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: lm2f on December 07, 2013, 06:29:24 PM

Quote from: Johnny Bitcoinseed on December 07, 2013, 06:24:10 PM

Oh, you mean the US dollar has gained value over the last 100 years.

A little bit of inflation isn't going to wipe out your savings anytime soon.

It's impossible for the USD to collapse anytime soon. Too many countries have large reserves in it to let it fail.
And as Alan Greenspan put it: “The United States can pay any debt it has, because we can always print money to do that. So there is zero probability of default,”

On first read I thought you were taking the piss out of Greenspan or being ironic, and then I realized you weren't.

Go and learn some economics. It will teach you why saying "we can just print money to pay any debt" is (a) the most irresponsible thing a country can think / do economically and (b) exactly how the US currently operates, and (c) why the US is now China's bitch, because most of the massive US debt is owed to the Chinese.

zimmah

legendary

Activity: 1106

Merit: 1005

Quote from: lm2f on December 07, 2013, 06:29:24 PM

Quote from: Johnny Bitcoinseed on December 07, 2013, 06:24:10 PM

Oh, you mean the US dollar has gained value over the last 100 years.

A little bit of inflation isn't going to wipe out your savings anytime soon.

It's impossible for the USD to collapse anytime soon. Too many countries have large reserves in it to let it fail.
And as Alan Greenspan put it: “The United States can pay any debt it has, because we can always print money to do that. So there is zero probability of default,”

ask cyprus what can happen to your bank account.

And about the U.S. not collapsing anytime soon, what do you think what will happen when the U.S. dollar no longer has "petro-dollar" status?

Authentic

member

Activity: 112

Merit: 10

1FRpXqj6kedknh5uNpdo8FS3U49XJPJJy1