Topic: Lost my faith - page 3. (Read 7001 times)

> check out the monthly low price.. you will see there is a constant rise.

This claim can be debunked at this link: http://bitcoincharts.com/charts/mtgoxUSD#rg60zigWeeklyzczsg2012-01-01zeg2012-02-29ztgSzm1g10zm2g25zl

February 2012's low was less than January 2012.

Do you really believe that?

Plz stop reading my mind. Thx. 

Entering fear / capitulation.

Im pretty sure we will hit 60 within a week from now, people are losing faith in bitcoin faster than they ever gained it. Mainly because of the bad news surrounding it and the promise of a stable and more rare usd

.

I'd wait a month before saying that. We're dangerously close to the June $88.

Lol, interesting perspective.

wow i appreciate this info, i was getting pessimistic as well about to dump...but NO I will not dump

Never lose faith, Bitcoin will surge far past its current value in time.

I'm also losin it thanks to the pre order scams, the asic centralization of Bitcoin and this cult like rush to make it the cashless wonder the bankster's have been dreaming about.

pEACe

It's nice to be in a forum where people just gloss past posts like this rather than instantly argue against this most obvious of truths.  I guess I've been redditing too much.

It makes me happier than I could express to be of service in some manner or another, I don't hate to say.

It's frustrating as hell having as amazing a tool as Bitcoin at our fingertips and a userbase that appears to have little knowledge of the history of the money powers and political forces that oppose it. My only consolation is that I know the userbase will grow into the technology and some of them might even pick up some history along the way. I suspect that Bitcoin will outlive the Federal Reserve and I hope I can live to see the day.

You can send them all to me, I don't mind saving you

I as well.  Ironically, Severian and a number of others in his/her class are a big part of the reason for this...I hate to say.

To clarify slightly, I feel that most of the developers with the possibly exception of Garzik are under-estimating the type of pressure that can and likely will be brought to bear against Bitcoin as/if it continues on it's present trajectory.

From the user's perspective, I think that relatively few fully conceptualize the technical issues associated with trying to operate at scale, and particularly if there is any sort of coordinated technical attack.  Most Joe Sixpack types have way to much confidence that the future environment will look a lot like the present and/or place confidence in the types of organizations who have the technical and political power to scale up making it A-OK-ish with them if the solution is centralized.

Again though, I have confidence in the blockchain itself and my position within it.  Come what may, I expect with a fair degree of confidence that it will have residual value regardless of what happens to messaging aspect of the solution.  How much value is difficult to know.  And if I am wrong about this, a lot of scumbags and thieves will also end up getting burnt so there would be a silver lining to an unfortunate outcome.

Would be somewhat interesting to know if bitcoin is truly worth one's time in the long run of 5 to 10 years.

Sounds like advice from Hannibal Lector's autobiography.

The word faith is derived from Latin, to trust.

great, sell me your coins

Hence why I will just keep on holding.  It is a very good idea to diversify investments.  Bitcoin is one of the best ways to do that right now!

When USD's reign is over (AND IT WILL)...

CRYPTO will take the crown..

"it's probably true therefore it must be true!"