Topic: The Bitcoin environment seems toxic right now... has it felt like this before? - page 5. (Read 11044 times)

mattboldfield nice to see there are some rational folks still lurking.


http://www.reuters.com/article/2014/02/12/us-eu-banks-savings-idUSBREA1B1ZI20140212

http://www.maxkeiser.com/2014/03/eu-agrees-banking-union-bail-ins-cometh/

http://www.cnbc.com/id/101466741

http://www.huffingtonpost.co.uk/paulo-casaca/uk-finance_b_4888609.html


http://www.ibtimes.co.uk/eu-banking-resolution-bank-bailout-lehman-brothers-488961

http://hat4uk.wordpress.com/2013/08/09/global-looting-the-new-eu-bailin-law-was-passed-8-days-ago-did-you-notice/

http://www.imf.org/external/pubs/ft/fm/2013/02/pdf/fm1302.pdf#page=59

https://www.gov.uk/government/consultations/bail-in-powers-implementation-including-draft-secondary-legislation/bail-in-powers-implementation

http://www.zerohedge.com/news/2014-01-02/martin-armstrong-warns-europeans-coming-expropriation-10-everyones-accounts

http://new.euro-med.dk/20140304-one-world-taxation-and-imf-as-global-central-bank-underway.php

Bitcoin's market cap has grown spectacularly in the last 4 years, as have the number of vendors accepting it. It is so successful it is spawning hundreds of copy-cats and spin-off coins.

You sound like a Russian general in April 1945, as his armies beseige the tattered remnants of the Reich in Berlin, whining about how we'll never defeat the Nazis. Bizarre.

+100000000

The whole system is now contrived on blinded optimism, speculation, HYPE and well written articles.
Truth is their is nothing revolutionary about a file transfer.
Its a novel idea but people aren't stupidly going to stop using fiat like what they have been for centuries to save a few bucks on TX fees.

People also need that feeling of ownership, virtual currency of course can never offer this.
My argument here is that the whole idea is to eventually convert it to cash is it not?
Now, if that wasn't your cup of tea, the services/merchants that accept bitcoin are just as ridiculous and not much the same, as 4 years ago. The same reason I originally stopped mining.
Just look at the calling for story's of business accepting bitcoin.

Sadly the game rules are: To make any profit in this game, you sell your bitcoin to those caught up in the Hype. Heyyyy, Ponzi!

Bitcoin got its foot in the door of the worlds attention with the Chinese spike.
But as that is no longer the case, it is standing on its own two feet and beginning to kneel.
Greed has destroyed bitcoin, as well as hackers. Its original concepts have been long lost. But when the giant farms go bust, poetic justice will have been served. But pity the environment, same old human story!

Bitcoin has had more than 4 years to establish itself as a real currency/commodity. Sadly, it just simply is not going to happen, but a million forum users will tell you otherwise!
I'm not even going to elaborate on wallet failures. Myself and a friend also have had attacks from rogue mods on this site.

A smart man would be getting out now, if not a month ago, and come back in a month or two once things clarify more. But it is only human nature to dream!

It's going down becuase I keep buying. Seriously. Bought 200$ worth, dropped 40$ that day.
Bought 200 more earlier in the week, dropped 30$ that day.
Bought 50$ this morning, has dropped 20$ today.

sonofabeach!

Well some negatives news came out, gox, ukrainian case, btc going down so im sure that's the reasons why people are more upset.
Now we need more good informations. Stay safe guys!

People have been writing that exact sentence for the last 8 months.

If we didn't hit $250 after Gox failure, China "ban", Thailand "ban", Russia "ban", Shrem arrest, .......... we aren't going to hit $250 later.

Period.  Stop waiting to buy, and buy.

-B-

Is there anything in the new EU banking union deal that would allow that? Can anyone comment on this?

There would be blood in the streets if that were to happen, and I would be in the forefront with my pitchfork!

Bitcoin get poisoned by mt.gox.

Once the stench goes away it should be fine.

Yeah I am thinking maybe as low as $250-$300 before the recovery begins. The upside is that it will chase even more of the shady types out of Crypto altogether. Right now I am running a small miner and buying small amounts here and there. My first deposit in my wallet was a really cool moment. 

It is a great time to buy some BTC (and alts too), as long as you have more money ready for even lower prices (if/when those come)

Maybe I am too optimistic, but I feel right now is the time to get in. I have been watching from the sidelines for a while thinking that $1200 was a bubble. When Mt Gox helped pop it I jumped in. I am kind of hoping the reduced price lowers the mining competition as well but only time will tell on that one.
 

i would agree with your assessment. the BTC market lacks excitement right now. still reeling from the gx fiasco, that gave legs to other rumors, whether true or not.

it's gonna take some REALLY good news to get the momentum, it had in December, back.


i know some people will talk about similar drops in BTC happening last year, but the fact of the matter is more people are involved now. more emotion, and drama, and the swings are going to be bigger now.

Is there a reason why you are deleting so many of your posts?
Do you do it manually, or did you use a script?

yep, the opposite is correct: we have so much great news every day. all trolls should sell.

Agreed.

You should of assumed to never trust one company with storing your bitcoins temporarily or as a "safe wallet".

That is logic... Whoever did that - deserved to get BURNT!  *sssssss*

I think people are angy because the price didn't go up as wanted/expected.

haha