Topic: this is amazing! - page 2. (Read 6822 times)

Don't worry, bro, I didn't refer to you nor anyone specific personally. It's just that I see dumb posts by people in newbie status a lot these days so there has to be a correlation between that phenomenon and the price rally.

there are several killer apps that bitcoin is:
- asset preservation and protection from confiscation and inflation
- private property
- freedom
does your slave card come with any of those?

Your point is taken; and I certainly don:t dismiss cryptocurrency as a whole. I see it as unlikely that bitcoin itself will become a widely adopted currency, but that:s not to say there won:t be another form of cryptocurrency in the future that makes a big impact. And if that does happen, it will likely be developed by a big player, such as an Internet giant or by the existing banking system, with little chance of financial windfalls for earlier adopters.

There we go again with "moron".. sigh. And if you:re referring to me, I have been around this forum since last spring. I really weep for any of you guys who are becoming so deluded that you absolutely refuse to hear any opinion that conflicts with your bullish optimism.

Reuters article from last month:
http://uk.reuters.com/article/2013/10/01/markets-forex-bitcoin-idUKL2N0HK1NS20131001

This is a nice chicken and the egg problem.  You aren't convinced about Bitcoin's chances for success because you don't see a perfect implementation of the technology yet.  But, on the other hand, I'm sure you're smart enough to know that initial implementations aren't going to be perfect (this is why 747s weren't invented by the Wright brothers and why Facebook and Google weren't among the first websites).  Now, I'm sure you recognize that airplanes and the Internet are essential to our modern way of life.  While I think it's fair to assume that Bitcoin may be inferior to its future (or even current) siblings, do you think it's fair to write off cryptocurrencies as a whole?

link?

People who register during rallies should not be allowed to post to speculation subforums. The moronic newbie posts are getting annoying.

really?

anyone who knows why we buy bitcoins can see that is a 10k to 1m/btc idea with a good possibility it could be worth 0
that is why you invest as much as you can lose, because on the upside it is a 10X-1000X investment, and on the downside it is a smoking habit

step one
becomes an accepted speculation investment amongst average investers $500-5k/btc
step two
becomes an easy way to transfer money and buy assets around the world..  10k-50k/btc
step 3
becomes the collateral by which large import export is done around the world ie, a storage of wealth 100k-300k/btc
step 4
becomes the financial collateral by which large countries can repay deficit in trade 1m-10m/btc  

gamble and hope
invest and profit
speculate, and lose sleep

this is Bitcoin

The train is slowly leaving the station, and you're standing on the platform. By the time your killer app is developed it'll be 2000 miles away.

Even the co-founder of Bitpay gives BTC an 80% chance of failing and returning to near zero in the next few years. Until then, you might be able to make a nice return engaging in speculation, but I:m still waiting for that killer app that:s going to convince everyone to cut up their credit cards and jump onboard the train.

*chrip* *chirp*

He already did at about $400, and presumably moved cash into gold; I actually have no idea what he does here anymore

I'm actually 40, own several successful businesses and spent months researching bitcoin before investing a dollar in it.

Sorry for the use of the word "moron" but it is my opinion that you are being one right now.

Your comments about bitcoin are just the same ol rehashed statements that people have been saying since day 1.

That's ok. Keep using your credit card. Don't go research the developing eco-system and who is involved in developing those "killer apps". Nothing to see there but "sunshine pumping."

Give me someone who has spent months researching bitcoin, how it works, how it has evolved, all the players behind the scenes, where the VC money is coming from, how governments are actually reacting, etc.  Then let that person tell me why bitcoin won't succeed.

But you? You are bringing weak sauce to the table my friend. And you stand to be on the wrong side of history because of it.

You're not thinking big enough.

Crack is bad... mmmmkay? 

What:s with all the name calling by the bitcoin true believers around here? Comments like these persuade me even further that the foundation of the bitcoin network is comprised of 12-year-old Internet trolls and guys like this whose belief in bitcoin is at a level comparable with religious fervor. It:s fine that your faith in bitcoin is unshakable, but how do you expect to rally other people to the bitcoin cause if you can:t even engage in a civil discussion without calling people stupid?


What utility? $700 for one coin (not including conversion fees) so people can go to Subway and buy a sandwich? I:ll stick with my credit card, which has far greater utility. If someone can create a "killer app" for bitcoin, it could be a different story, but that:s still a big *IF* and I don:t put my faith behind any new technology based only on the sunshine and happy thoughts of its supporters, most of whom have a financial/emotion stake in the asset.


I:ve been around this forum for awhile and I:ve never heard one convincing reason for why people would want to convert their money to bitcoin. Aside from buying drugs online and engaging in crimes against children.


You could be right about that. In my opinion, they:ll fill a niche market, but never compete on the same level with our current monetary system. Hence why I view them as very overpriced at the moment.

Lol, sell and run away mate, this is obviously not a game for you.

Ok but please, even if you can't understand it now, just remember the smart guy from bitcointalk once your revolution comes through and you see 10% reaping all the profits at the expense of the other 90%. All you can do is change who's on top, and even then, not completely. Like it or hate it, does not matter.

I know I'll be revisiting this thread.  As fun as it is to laugh in the faces of the morons calling for the end when it crashed after $266...this is going to be even more fun because the stakes are so much higher!

Yep, that's it, keep going with the arrogant and deluded justifications for your feelings of entitlement. Make them sound like "cold hard facts" and "rational explanations" if that's what it takes to convince yourself. You still have some time to bask in your delusion until your social debts come due.