Topic: The End Is Near - page 6. (Read 11571 times)

FML, the spec forum has follow me out.

I read an article about the bitcoin as internet hysteria and I was laughing about it but now I don't find a better word about what is happening with terracoin, feathercoin, bytecoin and the other new coins which don't bring anything new but found a lot of new adepts.
Bitcoin is still not at the end but definitely there is a new threat with so many new alt-currencies. And more and more alt-currencies will appear.
- The alt-currencies are sucking already a huge amount of financial blood from bitcoin and it will be even worse.
- Miners will switch from a currency to another when prices change like it was by terracoin and hash power could fluctuate drastically which will reduce the network security.
It will be not any more take long and will appear the first currency making kit and anybody could make a new currency with it.
May be bitcoin should find a way how to use best this new situation.
People a fascinated by creating new currencies and may be could be built a system upon the bitcoin system to give for every social group the joy to create his own currency and still be integrated in a global bitcoin economy.

Could u provide a few examples, plz?

I'm here for the full 4 years and I can prove otherwise.

Yup. I used this phrase as a trick to catch attention.

Buying power is really all that matters, I agree with that statement.  All the more reason to be invested in crypto currency.  Will it be BTC or some other currency?  I guess that is where you are going with this thread.  So far BTC has had the most success though and has some traction behind it.  It might not be the "best" but it is the first.  Many things that are the first are the winners so again, it is a risk worth taking. 

From my point of view success is not measured by amount of paper money.

If I get $1000 for every $100 I invested in BTC I will feel very successful 

If my BTC has the buying power of $1000 for every $100 I will feel very successful too.   

BUT,  If I lose money investing in this I will be sad for a day but move on. 

U think the price is measure of success? Enjoy - http://en.wikipedia.org/wiki/Artist's_shit.

iPhone
Presented: 2007
Became Popular: 1 year later

Android 1.0
Released: 2008
Became Popular: 1 year later

Kickstarter
Founded: 2009
Became Popular: 1 year later

Pinterest
Appeared: 2012
Became Popular: 1 year later

And so on, etcitra, and so forth...

Can you change topic name to "The end is nigh"?
Kthx.

Indeed, this is the boring standard routine every time the price goes down. I'm sure someone with time on their hands could dig up at least 100 similar threads. At least this one tries to combine it with altcoin pumping. Yawn.

I am very new to BTC.  I assume messages were posted like this repeatedly throughout the past few years? We will need to bump this thread in a year or two and laugh when BTC is worth 10X as much as it is today.  

Here is my two cents: My husband mentioned BTC to me about a year or so ago.  We were hesitant to get involved then because it seemed risky and we were not sure if it would get any traction at all at that time.  With the regulations that were mentioned for money laundering in the US we finally bought in thinking it was being taken more seriously.  Then it started to sky rocket but of course it has been volatile since then.  Personally, I think we are just on the brink of it gaining at lighting speed, even more so than the last big jump.  With the conference coming up in May there will be more press around that for sure!  Venture Capitalist are working on providing more and better services to make BTC more accessible to the average person.  It is just a matter of time.  Personally, I am pleased that will all of the drops and price fluctuations, the value seems to still stabilize around $100 or so. If the value stays around $100 then I don't feel any real need to panic.  If I sold my BTC I would not really lose much money at this point.  In reality, I won't even panic if we lose all the money we have in BTC because I believe the risk is worth it.  There are not many opportunities like this so it is riskier not to give it a try!  I would be so upset with myself if I did not take a chance on it.  What is more depressing, losing a few thousand dollars giving something new a try or realizing that when you had the chance to invest a few thousand that could not be worth a few hundred thousand you did not take that risk?  I already learned that with the fact we did not buy a year ago so I know the answer to that.    

The greatest proof for me that we have just barely scratched the surface on this is that when I talk to my friends and family NO ONE has heard about BTC.  We live a pretty technologically advanced area of the US too.  

Patience people.  Patience!!!

You make some very red points there.  We have a winner! 

Come from behind is correct. Don't put all your eggs in one basket.

BTC will fail as the single, arch-cryptocurrency. It's got some real problems. All you dang kool-aid drinkers put down the isopropyl alcohol spiked kool-aid for just long enough to use your mind and learn what the flaws are and impartially analyze them already, for crissake. I'm not saying it's a train wreck. But because it is open source, it is bound to be improved upon, itself and by forks.

He's not saying cryptocurrency is a failure.

Bitcoin succeeds as being the prototype of cryptocurrency, because cryptocurrency will prevail! Think about it. This is the first go round. Others are already proliferating. Some address btc specific flaws, others don't. The markets will decide. I don't think bitcoin is going to come out on top.

When it's practically as easy as doing a git clone and changing what you want, posting what you did here, enduring the flaming kool-aid drinkers, and supporting the product, then better (and worse) alternatives are surely going to make themselves available. That's another bitcoin success!

I think it will stablize in the future with many different competing and complementary cryptocoins, some for international purposes, some localized geographically used as reserves for notes issued by local banks or governments. Some will store wealth better, like bitcoin, some will spend better and have more velocity, like something like freicoin. Some will only be useful in California, others the world over on the internet. Some will only be pertinent to certain industries, like devcoin is to geeks.

Bitcoin fails as the be-all, end-all, only meaningful cryptocurrency, but succeeds wildy in spawning a whole new monetary system.

This is just my opinion.

4 Years is nothing!

E-books
Invented: 1930
Became mass popular: 1992

Microsoft
Started: 1975.
Became Popular: 1995

Christianity
Started: Approx 4 BC
Became a world religion: The 16th century

Cars
First prodused: 1672
Became a World Wide Product: (Not yet)

And so on, etcitra, and so forth...

OP is just another "chicken". Bye bye.

I hope soon we will completely get rid of these whining creatures and bitcoin will continue its progress.

I don't say all cryptocoins failed. Only Bitcoin. Yes, Rome was not made in 1 day. But we r talking about an open-source digital currency. It should be changed 10 times a day, thousands contributors should add hundreds features each day. Unfortunatelly, Something is wrong, isn't it?

LIKE ALL PLACES IN THE WORLD GOT INTERNET YET? DO A LITTLE FAVOR FOR ME... IS INTERNET STILL GROWING? AT WHAT PERCENTAGE? HOW FAST?

I think there are still 5-20% of the earth population who does not know what INTERNET IS... and with 40-80% who are NOT INTERNET SAVVY....

BTW internet is moving from computers alone to... phones... to tvs... to refrigerators... etc... you name it...

now imagine if INTERNET/TECH IS 100% being use in earth and everyone is INTERNET/TECH SAVVY... why would anybody use paper money?

It may not be in our time but... I can SAY THAT TIME WILL COME WHEN THE ONLY USE OF PAPER IS FOR WIPING OUR BUTTS... after using the toilet...

so yeah... we still have a long way to go...