The saddest and funniest thing about Bitcoin is...

phelix

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Quote from: Coincomm on August 31, 2012, 03:25:30 PM

The saddest and funniest thing about Bitcoin is when it hits over $100 a Bitcoin, most people are going to cash out. There will be very few who are going to keep their coins in the very late future. The dream of Bitcoin megawealth will only be experienced by a patient few.

why be sad about it? wide distribution is good.

Transisto

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Quote from: Coincomm on August 31, 2012, 03:25:30 PM

The saddest and funniest thing about Bitcoin is when it hits over $100 a Bitcoin, most people are going to cash out. There will be very few who are going to keep their coins in the very late future. The dream of Bitcoin megawealth will only be experienced by a patient few.

Happy to learn about your feeling at 100$/btc, What are they at 75$ ?

Elwar

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Viva Ut Vivas

At $100 it just means a different number in the Bitcoin wallet than when a previous purchase went through. Bought and spent in the same manner.

silverfuture

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central banking = outdated protocol

yep, for everyone who "cashes out" there is someone who cashes in.

yogi

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Hamster ate my bitcoin

You know, some of us actually use bitcoin for purposes other than speculation, and we trade regardless of price.

FreeMoney

legendary

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Strength in numbers

Quote from: evoorhees on August 31, 2012, 05:21:23 PM

Some of us already cashed out completely... of dollars.

No kidding.

It's a little whack, but the higher it goes the -fewer- I sell since it takes fewer to cover my incredibly awesome cheapo lifestyle.

Gabi

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If you want to walk on water, get out of the boat

Quote from: Vladimir on August 31, 2012, 04:28:16 PM

The saddest thing about Bitcoin is Eternal September. (that started almost a year ago)

In the grim future of bitcoin, there is only war!

evoorhees

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Democracy is the original 51% attack

Some of us already cashed out completely... of dollars.

FreeMoney

legendary

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Strength in numbers

"" "" $1 "" ""
"" "" $.1 "" ""

Ivica

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Firstbits: 19e3fc

The saddest thing is treating bitcoin like monopoly money.
The funniest thing is watching people participating in every ponzi scheme.

lassdas

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Quote from: Coincomm on August 31, 2012, 03:25:30 PM

The saddest and funniest thing about Bitcoin is when it hits over $100 a Bitcoin, most people are going to cash out.

The funniest thing about comments like that is..
that for people going to cash out it always needs others going to cash in.
If most people are selling only few will get $100 per Coin.

back on topic:
The saddest and funniest thing about Bitcoin is all the strange people on this forum.

xDan

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ヽ( ㅇㅅㅇ)ﾉ ~!!

"cashing out" implies someone else buying these bitcoins.

So, while the saddest thing is someone selling, it's a happy and awesome thing that someone else is buying, and at a high price too.

Personally, I'll decide my end point of wealth I want, then cash out a certain amount at every price doubling. (while using them everyday in normal commerce too)

Vladimir

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-

The saddest thing about Bitcoin is Eternal September. (that started almost a year ago)

ribuck

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The saddest thing about Bitcoin is that Satoshi Nakamoto is probably too scared to come out of hiding.

kwukduck

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The saddest and funniest thing about bitcoin is... That there are still people who think it's ever going to hit 10 again xD

Severian

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Quote from: Coincomm on August 31, 2012, 03:36:11 PM

Most people aren't prudent. They have families to feed, parties to go to and things to buy.

Prudent people don't blow the grocery money on speculation. : )

But you're right...most people aren't prudent.

SysRun

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Portland Bitcoin Group Organizer

Still the wild west Chang Hum. wait a few more years.

Chang Hum

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Everything about the use of bitcoin seems negative at the moment, crime, gambling, money laundering and ponzi schemes... This forum reflects a disproportionate percentage of high risk seeking morons with no respect for money than the world at large. Any outsiders coming to this forum to get a bit of insight into bit coiners will have any illusions that bitcoins are the currency of the brainy elite shattered.

Coincomm

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Quote from: Severian on August 31, 2012, 03:34:33 PM

Quote from: Coincomm on August 31, 2012, 03:25:30 PM

The saddest and funniest thing about Bitcoin is when it hits over $100 a Bitcoin, most people are going to cash out. There will be very few who are going to keep their coins in the very late future. The dream of Bitcoin megawealth will only be experienced by a patient few.

If bitcoins hit $100, that would mean that it's in high demand and has high usage, or that the value of fiat has dropped significantly. Prudent people hang onto valuable things.

Most people aren't prudent. They have families to feed, parties to go to and things to buy.

A $100 price point also means people are still selling at that demand. It's safe to say there will be many declines as people settle for a higher and higher price.

Severian

sr. member

Activity: 476

Merit: 250

Quote from: Coincomm on August 31, 2012, 03:25:30 PM

The saddest and funniest thing about Bitcoin is when it hits over $100 a Bitcoin, most people are going to cash out. There will be very few who are going to keep their coins in the very late future. The dream of Bitcoin megawealth will only be experienced by a patient few.

If bitcoins hit $100, that would mean that it's in high demand and has high usage, or that the value of fiat has dropped significantly. Prudent people hang onto valuable things.

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