Topic: The towel is in the ring. - page 3. (Read 4134 times)

.@LittleDigger:  Which scamcoin is your avatar?

I'll bite:

Bitcoin has a fail mining approach, PoW.

--> Not true. Thanks to PoW Bitcoin also has an incredibly invested ecosystem which keeps it more faithful than most of those alt-coins with supposidly improved systems. Not to mention that PoW actually does work, and will be even more important in the future.

Bitcoin mining is centralized.

--> It was always expected to become centralized to some degree. Besides- don't you want professionals confirming transactions? The hobbyiest was necessary for bootstraping the network, not forever.  

Bitcoin has failed distribution.

--> bogus

Bitcoin has slow confirmations.

--> this has been discussed, not a problem.

Bitcoin development has practically stopped.

--> also not true. Its just very slow considering how much money depends on it. Gavin has posted recently about the new block sizes coming and have you not seen the 10 candidate release?

Bitcoin blockchain is bulky, its 30gb how much if it would be adopted, impossible to sustain.

--> So is your mother.

HAHAHAHA. Sorry I had too. You don't need to run a full node- you can always prune if it's a problem.

Most bitcoin transactions are of criminal nature.

--> bogus.

Please tell me why you invest still?

Colored coins? Not going to happen.

--> They are already happening.

Side Chains? Not going to happen.

--> They are already happening.

EFT? Not going to happen.

--> Well that will be easy to prove. Lets see- 2015 will be just as dramatic as always in bitcoinland.

What well reasoned argument ?

That Bitcoin is a communist plot by "bulltards" ?

I think it's best not to challenge your psychosis, mainly because I have absolutely no regard for your opinion.

You're free to present a well reasoned counter argument to any of the points raised in this thread...

*chirp* *chirp*

Wow, A newbie account spreading FUD, supported by other newbies, none of which could possibly be shills...

Never seen that before...

And price plummets as we speak.


But sure: manipulation, natural bear market, just a cycle, despair phase. bull market incoming.


Buy, hold and get REKT and lose everything profit, go for it.

What preddictions?

Well the predictions are still on track 3-5% decline daily.

People should start getting paid in bitcoin, use it as a store of value you say and merchants should keep their coins. But why would they do that in the first place?
Price is plummeting. Whoever is getting paid in bitcoin or using it as a store of value is losing A LOT of money.

Price is plummeting because there is no demand (or at least no demand considering the selling pressure of miners, bagholders, early adopters, traders) and a general lack of confidence. Selling pressure from merchants keeping their coins instead of getting USD with BitPay is just a tiny part of the equation, they will still lose money and risk with the volatility if they keep them, basically being martyrs for something that might not even change. Price can still continue to fall.
Again, why would they use BTC as a store of value or be paid in BTC in the first place?

We are at the old bitcoin paradox: In order for bitcoin to be useful and not screw people over its value needs to rise. But for its value to rise it needs to be useful.

#Problem

"Trolls" are an easy target for the the bulltards to direct their anger. You see, they can't present any articulate argument as to why people would ever want to buy bitcoins -- aside from gambling and speculating -- so they just pin the fault of this failed experiment on the trolls and otherwise continue to bury their heads in the sand.

The communists tried the same tricks in the Soviet times. When it becomes clear that things aren't working, pin all the blame on the subversive actions of counter revolutionaries and send them to the gulags! Fortunately the bulltards don't have any political power and will forever be losers!

Watch litecoin... this is an exact microcosm of what is happening to bitcoin! Watch as it flatlines and falls, more and more, on its way back to complete obscurity.

So we "want cheap coins"? is that your explanation?

https://bitcointalksearch.org/topic/if-you-are-waiting-for-the-despair-phase-to-buy-like-in-2011-consider-this-920101

Bubbles in the past like the south sea bubble, the dotcom bubble, the tulip bubble were just cycles, yes. Cycles that continued going up long term forevah and evah after their "bear markets"...
Nope.

Hint: the tulip bubble had a mini-bubble too before the big pump, had a bear market and recovered. Still after the big pump, THE bubble bursted. Like BTC, doesn't matter if it recovered in previous pump&dumps bubble cycles.

It's a failed experiment that is plummeting.
Good luck changing the world and disrupting the global banking system with a currency that cannot handle large-scale economies.


If instead of saying "it's a revolutionary technology" you could give concrete arguments against what OP said instead of calling it "well worn crap" we could go somewhere.


You are clearly very smart.
Check the link I posted, scientist.

HAHAHAHAHAHAHAHHAHAHAHAHAH

just look at all this fear on this forum. This is just a symptom of the future bull run. Remember the old verbiage. move against the crowd when playing markets.

It is easy to attack bitcoin whilst the price has slumped for a year. This forum is completely packed full of posters, mostly like you, screaming doomers predicting the end of bitcoin, pleading with bitcoin holders to sell sell sell. It seems strange that so many people would devote so much time to a failing project. Yet every day you are here, without fail, day after day

The exchange price is in the doldrums. But this has all happened before several times. Cyclical markets are a normal phenomenon. Most of you 'traders' will go broke in the next year or two. You all predicted the last bull runs, right? Oh wait.

The funny thing about the end of a bear market is that at that point it seems that noone is interested in buying. That is also the best time to buy. Every time the market 'drops' due to buying and selling of a tiny number of coins on exchanges there is someone buying the sold coins. Some will recycle in this process but not all, and the top 500 addresses continue to accumulate, whilst bitcoin-days-destroyed is flat. The price could drop another 50 or 100 dollars further. It could crash even lower. I will just buy more. And I can buy lots more. In a way I hope it does drop a bit more so I can go over 200 coins this year for pretty trivial amounts of money in the grand scheme of things.

I believe in bitcoin as a idea and hope it succeeds. It is a revolutionary technology that has the potential to change the world and disrupt the global banking system.

Troll on

not sure if youre aware,but chinese are manipulating the markets mostly.wait for chinese new year.

Sure thing. Feel free to jump in:

https://bitcointalksearch.org/topic/if-you-are-waiting-for-the-despair-phase-to-buy-like-in-2011-consider-this-920101

is that the smell of despair?

Totally agree.

Some here would have you believe that we're "trolls" or Randle McMurphys.

Everyone who thinks that the price of bitcoin can rise without fundamentals such as merchant adoption, is retarded.

If generalized adoption occurs, and that will take decades, the price of bitcoin can be very very high.  But many thought that it was a matter of months or at most a year or so, inspired by the successive manipulations which pushed the price very high without any support.  As long as that increase was a self-fulfilling prophecy, things pumped up, but the last Gox manipulation over $1000 was too high to be sustained with the 10% inflation.

The long decay over more than a year has finally killed all hopes for "the $10 000 rally next month".  But that hope was the pump that made money flow in.

I think the speculative phase (fast to the moon) is now over, and that bitcoin will go to its fundamentals, based upon merchant adoption.

Nothing stops that adoption from pushing the price really very high.  The maximum being about $3 million, if all trade in the world is done in bitcoin.  That's however a multi-decade track.

Ergo, everyone who buys BTC with the expectation that the price will rise is simply retarded.

Still waiting for those convincing arguments guys...