When the crowd notices it is way too late to be selling, then BTC will have a dramatic rally.
Bitcoin is falling because scared people are still selling.
Topic: This is why bitcoin is crashing - page 5. (Read 8144 times)
Hint
There is no such thing as "intrinsic value". What's the intrinsic value of a $100 bill?
No, it's more like this
and the end of this story is, that holland is the world leader in flowers today 
! thats the part most people dont tell.
! thats the part most people dont tell. 
Its really funny to read the stupid remarks from bagholding people in this thread. 
Bitcoin is a spendable coin, treat it like that and you dont get burned. If you are stupid then its just your own fault.
Bitcoin is a spendable coin, treat it like that and you dont get burned. If you are stupid then its just your own fault.
Just a stupid comment OP. You should be ashamed.
Maybe flippant but I believe its crashed because there is nothing sacred about bitcoin, for rax to say it just caught on is not a great argument against it.
And consider that Bitcoin did not have any kind of value for its first one and a half years of existence... Then it just caught on, spontaneously.
Like a bubble then.
Yes! Like the real estate, stock or commodity
Now you get it. 
Just a stupid comment OP. You should be ashamed.
And consider that Bitcoin did not have any kind of value for its first one and a half years of existence... Then it just caught on, spontaneously.
Like a bubble then.
Hint
There is no such thing as "intrinsic value". What's the intrinsic value of a $100 bill?
I did a search for "tulips" in the search box on here yesterday and it crashed bitcointalk.
Yes, there are THAT many threads about tulips.
Please, OP...point out another example. Got none? Because that's the only one in history.
I typed "tulip bitcoin" into google and it destroyed the internet. Yes, there are THAT many threads about tulips.
Please, OP...point out another example. Got none? Because that's the only one in history.
It's not perfect, but there is nothing behind bitcoins value at all other than speculation, or a need to use it to avoid detection. Drugs, money laundering etc.
There is something, actually. The killer feature of Bitcoin is that it is scarce, something that does not hold true for USD. Nor tulips, for that matter.
And there is no such thing as intrinsic value. Things have some value as long as people want to have them. Consider what happens to a fiat currency during an hyperinflation process. And consider that Bitcoin did not have any kind of value for its first one and a half years of existence... Then it just caught on, spontaneously.
Hint
There is no such thing as "intrinsic value". What's the intrinsic value of a $100 bill?
That's because tulips are basically worthless. They are not fungible, scarce, and they are perishable. Tulips were not the fastest, safest, and cheapest way to spend money anywhere, they were a rediculas choice for storing value.
Its cool when a 14 year old learns about bitcoin
Hint
There is no such thing as "intrinsic value". What's the intrinsic value of a $100 bill?
1 printer some ink and a blank note
There is no such thing as "intrinsic value". What's the intrinsic value of a $100 bill?
It was created to fund something, a mortgage or spending on something. So in theory it's worth something in an economy. Sure you got governments printing money etc but market forces keep some check on this or otherwise governments couldn't borrow much.
It's not perfect, but there is nothing behind bitcoins value at all other than speculation, or a need to use it to avoid detection. Drugs, money laundering etc.
This should be in off topic....
and bitcoin is crashing because cryptodouble scammers are selling all their bitcoins even cheap because they dont care about nothing
and bitcoin is crashing because cryptodouble scammers are selling all their bitcoins even cheap because they dont care about nothing
Or is it chinese miners selling to pay their bills
Or is it the lack in demand with the closure of silk road
Or is it the likely crack down post Paris massacre as to prevent funds reaching ISIS
Or is it the general feeling that this was a bubble, fed by the fears of a global economic collapse that doesn't appear to have happened. e.g. Investors not wanting to be in any currency bought anything tangible, creating spikes in oil, food and bitcoin?
- Yeah maybe
- Hmmm possibly
- Wait wut?
- Hmmm yeah that's the reason.. you won.. congrats
the intrinsic value is the price of all the mining equipment, peoples computers, their education, their food they ate in their lifetime, their generational history,
you really picked the wrong word,
now lets look at the intrinsic value of a tulip, its a seed you drop in the ground walk away come back and its their,
So my car should be worth a fortune now then? I mean I paid for the factory to make it, 20 years of servicing, all that petrol I put in it etc. But when I go to sell it I'm told its only worth 200.
Go figure!
1 BTC
I think I said bitcoin is purely data, which in turn is stored on a disk, albeit distributed across many machines. Never said anything about your hard disk other than I don't know what's on it so apologise at your leisure.
Seriously dude, go read how it all actually works.
Bitcoins are not data stored on a disk. Not even "distributed data across many machines".Hint it resembles this: http://en.wikipedia.org/wiki/Rai_stones
Anyway, this is off topic, the point is bitcoin is as valuable as a tulip bulb. (I mean intrinsic value, I know it's currently worth $200)
There is no such thing as "intrinsic value". What's the intrinsic value of a $100 bill?
the intrinsic value is the price of all the mining equipment, peoples computers, their education, their food they ate in their lifetime, their generational history,
you really picked the wrong word,
now lets look at the intrinsic value of a tulip, its a seed you drop in the ground walk away come back and its their,
So my car should be worth a fortune now then? I mean I paid for the factory to make it, 20 years of servicing, all that petrol I put in it etc. But when I go to sell it I'm told its only worth 200.
Go figure!
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