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Topic: Liberty Reserve shutdown is a boost for Bitcoin? - page 6. (Read 12736 times)

sr. member
Activity: 252
Merit: 250
Well, my apologies if I assumed you were implying that, but I didn't have many other choices, did I?

Any new bump is coming from more criminals, looking for a new safe haven.  

I understood this as follow:

LR (criminals) ---> criminals go to bitcoins ---> price go up because of criminals


Now, if you didn't really mean the first two steps, we are left with this:

?? -----> ?? ---->  price go up because of criminals.

Pretending to not understand the allure of Bitcoin, isn't really helping move this conversation forward, because I know it's not true. You know very well why criminals would come to bitcoin.  It's what bitcoin is built on.  Criminals and illegal activity.  You're trying to play the devils advocate as if somehow, Bitcoin is attractive to legitimate individuals, but it's only attractive as a commodity for those folks, like myself.  

You know that...you simply thought your statement was cute and quickly found yourself in a jam trying to explain, the unexplainable.  To prove your point, you have to argue against the very libertarian aspect of Bitcoin that you espouse.  Please stop wasting my time and go back to the kiddie table with the other ideologues.  

Take Ashley with you too.  Since I've been on this forum she has never once said anything remotely intelligent, interesting or edifying.   Roll Eyes
hero member
Activity: 518
Merit: 500

If you think $200/BTC is expensive... Then you do not know enough about both past Bitcoin history and its potential.

I don't think (and never said) it's expensive or cheap.
I've just asked if those who bought 200$/btc can really feel they've got "sound money for their retirement and health insurance".


If those people who bought at $200/btc had any sense, then they would also have bought at least as many bitcoins soon thereafter at $50/btc, thus their average cost of bitcoins would be no more than $125/btc, so they could sell right now for a profit. Even if they did not grab the dip, the price of bitcoins was under $100/btc for a while, so they could definitely have lowered their average cost by now.
legendary
Activity: 3431
Merit: 1233
Hmmmm!
What else did your inner voices tell to you?
Hmmmm!
You seem to be very familiar with what inner voices can tell you?
member
Activity: 89
Merit: 12
You mean "fortunately" I think...
It is "fortunately" for all people that do have bitcoins, but it is "unfortunately" for you.

Ok I see...

You know the future worth of bitcoin and you know how many bitcoin I own.

Hmmmm!
What else did your inner voices tell to you?
legendary
Activity: 3431
Merit: 1233
You mean "fortunately" I think...
It is "fortunately" for all people that do have bitcoins, but it is "unfortunately" for you.
member
Activity: 89
Merit: 12
Unfortunately, it's difficult to buy something with my dreams of fortune...
Unfortunately, your dreams are very different from bitcoin because you can buy 130 dollars for 1 bitcoin. Anything else you don't understand?

You mean "fortunately" I think...

Whatever, AFAIK,  I can buy 1000$ for one dream of fortune too.

Try again...
legendary
Activity: 3431
Merit: 1233
Unfortunately, it's difficult to buy something with my dreams of fortune...
Unfortunately, your dreams are very different from bitcoin because you can buy 130 dollars for 1 bitcoin. Anything else you don't understand?
member
Activity: 89
Merit: 12
At least you have understood what people do hedge against while buying bitcoins.

Not really  Cheesy

Can you try again to explain me with your own words (I mean words you can understand the meaning)?

As long as you don't let a third party hold your bitcoin keys without having a backup in your control, bitcoins can not be seized by any government entity.

Government can't neither seize my dreams of fortune (even if I  share them with the police).

Unfortunately, it's difficult to buy something with my dreams of fortune...
legendary
Activity: 3431
Merit: 1233
Can you try again to explain me with your own words (I mean words you can understand the meaning)?
It seems you're having hard time understanding even the simplest among simple words. Are you sure you are on the right forum?
legendary
Activity: 1904
Merit: 1002
At least you have understood what people do hedge against while buying bitcoins.

Not really  Cheesy

Can you try again to explain me with your own words (I mean words you can understand the meaning)?

As long as you don't let a third party hold your bitcoin keys without having a backup in your control, bitcoins can not be seized by any government entity.
member
Activity: 89
Merit: 12
At least you have understood what people do hedge against while buying bitcoins.

Not really  Cheesy

Can you try again to explain me with your own words (I mean words you can understand the meaning)?
sr. member
Activity: 322
Merit: 250
If you have not heard the news yet, Liberty Reserve has been shut down http://www.bbc.co.uk/news/technology-22680297

This is bullish news for Bitcoins. Not only is there now one less competitor to bitcoins, but this shows one more time why a decentralized payment network is much more resilient than a centralized one. This also shows how aggressive governments can be, so it is even more important to have your money in a place you control, one which will not get shut down by police.

Is this as big as the Cyprus thing? No, because it affects fewer people, but it is just one more thing in a long line of acts which the government is doing which will ultimately push people into using Bitcoins.


+1000


As the balance of power continues to shift towards the elite, one must attempt to protect their own interests.
legendary
Activity: 3431
Merit: 1233
Unfortunately, you often seems to hear imaginary voices  Grin
At least you have understood what people do hedge against while buying bitcoins. That is a progress too.
member
Activity: 89
Merit: 12
I've just asked if those who bought 200$/btc can really feel they've got "sound money for their retirement and health insurance".
Your question was answered several times. Yes, they can!

Maybe you think so.
Unfortunately, you often seems to hear imaginary voices  Grin
legendary
Activity: 3431
Merit: 1233
I've just asked if those who bought 200$/btc can really feel they've got "sound money for their retirement and health insurance".
Your question was answered several times. Yes, they can!
member
Activity: 89
Merit: 12

My argument is based on a) past history, and thus facts and b) hard math about the growth potential of Bitcoin.

A wise man should know one thing: the limits of his knowledge...

If you think $200/BTC is expensive... Then you do not know enough about both past Bitcoin history and its potential.

I don't think (and never said) it's expensive or cheap.
I've just asked if those who bought 200$/btc can really feel they've got "sound money for their retirement and health insurance".

Hope you are not going to be the weak hands that tremble in case we suddenly cash below $30. If you sell you will regret your move in just a few years.

Hope or wish?
legendary
Activity: 3431
Merit: 1233
So, no,  I'm not upset
Fine. So, enjoy your profitable investment!

If clean money are ahead of the dirty money, there is nothing to worry about. If dirty money are ahead of the clean money, well then the dirty money proved to be clever than clean one and the latter should have learned their lesson. Either case is good for Bitcoin!
legendary
Activity: 1148
Merit: 1018
Imagine what kind of mistake did those who bought coins at $32 in 2011, to then sell at a loss when they witnessed the slow decline to $2.

$200/BTC are cheap coins in the long run, if you didn't understand that you really don't know much about Bitcoin.

Don't you think you mistake wish for knowledge ?

No, I don't.

Very good argument  Cheesy

My argument is based on a) past history, and thus facts and b) hard math about the growth potential of Bitcoin.

If you think $200/BTC is expensive... Then you do not know enough about both past Bitcoin history and its potential.

Hope you are not going to be the weak hands that tremble in case we suddenly cash below $30. If you sell you will regret your move in just a few years.
hero member
Activity: 504
Merit: 500
Imagine what kind of mistake did those who bought coins at $32 in 2011, to then sell at a loss when they witnessed the slow decline to $2.

$200/BTC are cheap coins in the long run, if you didn't understand that you really don't know much about Bitcoin.

Don't you think you mistake wish for knowledge ?

No, I don't.

Very good argument  Cheesy

As much as I love Bitcoin, it isn't all just sunshine and rainbows. You are running a risk it will decline in not only the short term, but the long run. Who's to say a far superior crypto currency won't take over tomorrow? What if the US government some how found out a way to shut down Bitcoin next week.
member
Activity: 89
Merit: 12
Imagine what kind of mistake did those who bought coins at $32 in 2011, to then sell at a loss when they witnessed the slow decline to $2.

$200/BTC are cheap coins in the long run, if you didn't understand that you really don't know much about Bitcoin.

Don't you think you mistake wish for knowledge ?

No, I don't.

Very good argument  Cheesy
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