Topic: Since we started at zero, do you think its possible to go back to zero? - page 2. (Read 2303 times)
April 10, 2014, 12:39:17 PM
I'm just waiting for the bottom to buy more. I've been buying the whole way down. I'll buy the whole way back up too.
April 10, 2014, 12:36:24 PM
Yes thats true. Does BTC have features that would keep it from going to zero?
Except a competitor could have the same features
By competitor you mean coin? Well yeah, basically all coins are btc coins, but no company allows basically fee-less transactions, instantly around the world.
I mean altcoins or ripple
Ripple is going be huge, its a payment system which was meant to complement coins, not compete. Personally, Ripple has much promise and so does Nxt, just gotta wait for the corporates to get a hold of it.
I agree. Better to invest in businesses because there is cash flow. Thats why you dont park your money in USD. You buy JP Morgan or Visa Mastercard stock
April 10, 2014, 12:33:37 PM
Yes thats true. Does BTC have features that would keep it from going to zero?
Except a competitor could have the same features
By competitor you mean coin? Well yeah, basically all coins are btc coins, but no company allows basically fee-less transactions, instantly around the world.
I mean altcoins or ripple
Ripple is going be huge, its a payment system which was meant to complement coins, not compete. Personally, Ripple has much promise and so does Nxt, just gotta wait for the corporates to get a hold of it.
April 10, 2014, 12:32:28 PM
I don't think it will ever go back to zero.
April 10, 2014, 12:31:35 PM
Yes thats true. Does BTC have features that would keep it from going to zero?
Except a competitor could have the same features
By competitor you mean coin? Well yeah, basically all coins are btc coins, but no company allows basically fee-less transactions, instantly around the world.
I mean altcoins or ripple
April 10, 2014, 12:30:13 PM
Yes thats true. Does BTC have features that would keep it from going to zero?
Except a competitor could have the same features
By competitor you mean coin? Well yeah, basically all coins are btc coins, but no company allows basically fee-less transactions, instantly around the world.
April 10, 2014, 12:29:02 PM
Yes thats true. Does BTC have features that would keep it from going to zero?
Except a competitor could have the same features
April 10, 2014, 12:27:47 PM
Been chatting with some IRL friends about bitcoin. This one guy, total gold bug btw, refuses to touch btc. I ask him, "why"? And he replies " gold can one day become a low value, I'll admit. But never zero, as it is physical, and has industrial uses, so if nothing else would be used by industries. Bitcoin on the other hand is digital, so has no "bottom line" per se". He has me stumped, and I like to win 
Any suggestions?
Any suggestions?
April 10, 2014, 12:24:24 PM
Yes thats true. Does BTC have features that would keep it from going to zero?
April 10, 2014, 10:55:36 AM
Been chatting with some IRL friends about bitcoin. This one guy, total gold bug btw, refuses to touch btc. I ask him, "why"? And he replies " gold can one day become a low value, I'll admit. But never zero, as it is physical, and has industrial uses, so if nothing else would be used by industries. Bitcoin on the other hand is digital, so has no "bottom line" per se". He has me stumped, and I like to win Any suggestions?
Any suggestions?There were times and places when you could get a bag of potatoes for attire worth $50,000 today. So yes, technically he is right. Gold won't go to zero.
April 10, 2014, 06:17:57 AM
If any day BTC price goes sufficiently low, I will make an offer, which may count from now on if you want, to buy all of them for the price of 1 USD.
So the minimum price will be, at most, 1/21000000 USD, but never zero.
So the minimum price will be, at most, 1/21000000 USD, but never zero.
Haha I'll PM you xD
April 10, 2014, 02:16:33 AM
Gold does have uses but think about how much it would really cost if people stopped using it as a store of value. Answer: it would be worth pretty close to zero compared to what your friend paid for it originally. Once you include storage and security costs your friend has to pay, he could end up below zero in real terms. If your friend really wants something close to a risk free asset he should buy inflation protected bonds and bitcoin. The bonds will hold their value unless there is a govt default and in the case of default bitcoin will skyrocket.
April 10, 2014, 02:08:38 AM
Yes tonight or tomorrow it's going to start dropping and it won't stop until it hits 0!
April 10, 2014, 01:41:27 AM
If any day BTC price goes sufficiently low, I will make an offer, which may count from now on if you want, to buy all of them for the price of 1 USD.
So the minimum price will be, at most, 1/21000000 USD, but never zero.
So the minimum price will be, at most, 1/21000000 USD, but never zero.
April 09, 2014, 10:11:41 PM
Alright thanks for the tips! Buts he got the gold bug hard, don't think even logic will work at this point
April 09, 2014, 09:57:54 PM
Your friend doesn't understand basic economy. Bitcoin has value because it does things that existing financial systems can't.
Any examples I should particularly bring up?
Decentralized, being able to send shitloads of money to the other side of the planet superfast and for a very low fee, governments/central banks can't print them so you lose purchasing power by inflation etc.
Basically the reasons why Bitcoin was invented.
April 09, 2014, 09:48:26 PM
Your friend doesn't understand basic economy. Bitcoin has value because it does things that existing financial systems can't.
Any examples I should particularly bring up?
April 09, 2014, 09:47:24 PM
Bitcoin, being digital and not "real" has no theoretical bottom.... it also has unlimited upside.
Worst case scenario, your friend buys a Bitcoin today and loses $400 bucks, which doesn't seem like a very big hit for someone who buys precious metals all the time.
Best case scenario, your friend buys a Bitcoin today and in 2016 it's worth thousands... even at these high prices such ROI is possible and beats any stock.
Worst case scenario, your friend buys a Bitcoin today and loses $400 bucks, which doesn't seem like a very big hit for someone who buys precious metals all the time.
Best case scenario, your friend buys a Bitcoin today and in 2016 it's worth thousands... even at these high prices such ROI is possible and beats any stock.
April 09, 2014, 09:47:11 PM
Been chatting with some IRL friends about bitcoin. This one guy, total gold bug btw, refuses to touch btc. I ask him, "why"? And he replies " gold can one day become a low value, I'll admit. But never zero, as it is physical, and has industrial uses, so if nothing else would be used by industries. Bitcoin on the other hand is digital, so has no "bottom line" per se". He has me stumped, and I like to win Any suggestions?
Any suggestions?You like to win what? Theoretical battles that can't be proven? Please explain how you win one of those exactly?....
When the other person can't respond back logically, battle of ego
April 09, 2014, 09:15:27 PM
Been chatting with some IRL friends about bitcoin. This one guy, total gold bug btw, refuses to touch btc. I ask him, "why"? And he replies " gold can one day become a low value, I'll admit. But never zero, as it is physical, and has industrial uses, so if nothing else would be used by industries. Bitcoin on the other hand is digital, so has no "bottom line" per se". He has me stumped, and I like to win Any suggestions?
Any suggestions?You like to win what? Theoretical battles that can't be proven? Please explain how you win one of those exactly?....
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