Topic: Price Drop 6/7/13 (Read 4510 times)

Again, I don't give a shit if it goes back up to astronomical levels or not. I am not here to invest in Bitcoin like it's a stock or a mutual fund. I am here to use it as a form of internet currency, period. Price may jump around, but overall, it's stable, and any reputable marketplace/vendor adjusts their prices to the fluctuating BitCoin rate, so in all actuallity, you're really not losing anything, again, unless you are trying to INVEST. Are you just sitting on your BTC hoping that it appreciates? If you are, sell it and go away and buy something like stocks/bonds/etc.

Proof that you obviously haven't done your homework and are just a speculator in all of this. WTF did you think BitCoin was before you bought? Did you do any research to see the way that it works? You bitching about bitcoin dropping and say you're going to sell and then make the comment that "well, this is all anonymous and not my cup of tea because people lie", that just proves that the ONLY reason you got in this was to try and get rich quick, right? If not, then I would love to hear your rationale as to why you even got into BitCoin in the first place.

The person that responded right after you posted is 100% correct. Never heard of escrow? Not my problem or anyone elses if you are too stupid to go through safety loops and cover your own ass in transactions. If you aren't smart enough to follow safety protocol, then you deserve to get all of your bitcoin ripped off.

I have conducted numerous transactions with bitcoin and not ONCE have I been ripped off. Why? Because I don't play the "trust' factor with anyone. I order something, I pay in escrow, I get it, I finalize, they get their money. That simple. Anyone who requires payment prior to shipping or receiving goods IS going to rip you off, but again, that's your own fault.

It's already up, even if you ignore the bubble the rise in price even from last year to its current position is quite impressive.

People are realizing and waking up. Value isn't ever going back up the way it did before, and just like Liberty Reserve can get shut down. I know I know, the rest of you are in denial.

Have you heard of escrow?

    I bought in to bitcoin at 114. I have bought some coin at 130. I will keep buying it at any price because I don't want anything to do with dollars. Everytime I use dollars is like a vote for the maintenance of the current financial system aka injustice and war.

   I bought two loaves of homebaked bread with bitcoin last week. I am going to keep spending bitcoin, even if a loaf of bread ends up costing me two grand at the price I paid for the coins. And it's because of people like me that bitcoin will succeed. I know they're out there, and a lot probably haven't even heard about bitcoin yet. But when they do, this is only going to grow.

    As for people selling coin to get bits managed by a bank- if you think the banking crisis is over, think again. Governments have used every stopgap measure in their toolset to cause the current upturn. They are out of options (although negative interest rates wouldn't be bad). If you think gold or real estate are safer, look up the word nationalization. If you think that can't happen in a democracy, look at history.

     The American revolution was fought and financed by less than 1% of the population. It was not all fun and victory after victory. It succeeded because a dedicated group of people were tired of being ripped of by rich people who they'd never met. Now it's time for another revolution. 
    As for trading bitcoins for fiat, refer to the words spokem by the man on those hundred dollar bills you want to buy- paraphrasing- those who would give up liberty for temporary security deserve neither and will lose both.

    Peace

       

Sending BitCoin to random people (internet businesses) with an irreversible method of payment that is based completely on trust that the other person will fulfill their end of the deal is not my cup of tea. When I make a purchase, I do it with a method of payment that if I don't get what I ordered there is a way I can take action.

Sorry, I will not use BitCoin for transaction and trade. Your in denial if you think that the general public doesn't agree.

Just look at this forum, 'scammer tags' are everywhere (and growing)! Most of which were from some people who could be 'trusted'. Fact is, no one can be trusted.

we all use it
we save it
we buy S.DICE and HIM shares with it.
we trade other AltCoins for it.
we use it to make money!   ...because its better than money     

That'd be nice. I don't see it, though.

lol

No i will not cash out the all of my BTC! ...I worked hard for them.... i will always have a BTC saving and checking account, i will use BTC when i see fit, and i will not cash out my BTC saving unless you throw tons of cash at me, deal with it!

 

LOL. Initially when I got into this game, I will admit, I was watching the damn price every day, because it was like a game. Like the stock market. However, I was also making myself fucking sick with anxiety. But then one day I was just like "Fuck it. Let it Ride". I used to come to this forum daily but I had to step away. Too many speculators on here and people who were looking at bitcoin as an investment or get rich quick type scheme. That's what caused the huge crash in the first place. Seriously people, stop hoarding your shit. Spend your bitcoin. Go buy more bitcoin. Spend it too!

If you're not going to spend it and are going to just keep hoarding hoping that you can be a BitCoin Millionare, then do us all a favor, cash out now and go buy fuckin' savings bonds or something. This isn't an investment. It's a currency. Use it.

It's plain to see on this forum and others the 2 types of bitcoin users: Those that get it. And those that don't. Those that don't, GTFO and let the grownups keep doing our thing.

yup, its going down because of all the new Jr. Members ... can't blame them they're probably only holding 50-100% profits


some Jr. Members "get it" tho...    BUY BUY BUY  

Fuck 'em. It's going to still be going strong. The more they push, the more underground it will go, and that's not a bad thing.
I keep some bitcoin, spend some bitcoin. Everyone who bought it just to hold it aren't doing a damn thing to help adaption. If it's not being used as a currency for goods or services, it won't have any value period.

SR (yeah, not the best reference, but it's the biggest monetary site to judge on) is pushing over $2million a month in funds. This shit isn't going anywhere. Bitcoin will still be used 20 years from now.

Again, if the FEDS try to jump in, let them. Bitcoin and bitcoin related sites will quickly adapt. One thing that I have learned from being active on Bitcoin related sites and their forums, the users as an overall average are some of the smartest and brightest people I have ever met, not a bunch of jack-off kids playing WoW in their moms basement.

I have faith in bitcoin. I will keep spending it while people like you cry because the price is dropping and all you were wanting to do was get rick quick.

If you're that scared and are ready to cash out, lemme know. I'll buy your shit for 10% under market value right now.

yup, its going down because of all the new Jr. Members ... can't blame them they're probably only holding 50-100% profits 

Goodbye BitCoinNewGuy, you entered the bitcoin world as a noob and now you will leave it after 75 posts as the same noob. You understand nothing about bitcoin and are just looking for a quick profit, I get it. Just buy some stocks and be happy together with Bernanke throwing freshly printed toilet paper dollar bills at you.

....With the hype gone I think the bear market is here to stay. There needs to be a real reason for people to come to BitCoin. The initial hype was generated through the soaring price as a great investment instrument. This is long gone.

It's called a bear market.

"Nobody will miss you" - ....I didn't think I was ever noticed....

we need all of the people.
if it's not for greed.. then maybe for freedom of money..   
it doesnt matter..   

More people to bitcoin is good. whatever their motives are

Max Keiser, where are you?

Are there superhero members?