lmfao at the anti-Bitcoin trolls, I remember them saying this shit back when Bitcoin was at $150, there was some guy who was openly boasting about how he sold and then of course moments later another price surge happened.
It's not that Bitcoin is worth anything, it's that paper money has become so worthless, Bitcoin is simply an honest reflection of that sort of pricing.
Topic: Turn out the lights boys - this party is over. (Read 1758 times)
If you seriously think that will happen to bitcoin then my friend iam here to save you, sell me all your coins i'll buy them all that too @ 100$ per coin don't worry we can use escrow 
why would btc be worth more than an ounce of gold at this stage in December?
Because there are over 5 billion ounces of above ground gold and only 12 million bitcoins.
technically there could be even more gold if you count the precious metals that have been discovered in space ( and yes, that's a true fact ) while precious metals are certainly good for now because of the scarcity and the way they're created once we're a spacefaring species the fresh supply of precious metals could easily change all that so unless we end up accidentally discovering a precious metal even rarer than gold then it could end up crashing the markets and the "It's rare" argument goes out the window which is why having a currency that follows a strict logic is actually a pretty good solution.
p.s. I also hope those 5 Billion ounces include the precious metals located in Afghanistan
Above ground quantities are everything that is mined and not lost post-production (like gold in gold plated electronics that end up in the junk). They are estimated at 180.000 tons or ~5.7bn ounces. This quantity increases every year (mining) by around 80-90mn ounces.
Gold is scarce because it's hoarded immensely in vaults etc. Silver is not considered that scarce (10x supply in nature than gold) yet above ground quantities are near 25bn ounces (a ratio of just 1:5). In practical terms the average person will have trouble finding the 1:5 gold ratio to silver because gold is soooo hoarded. You will see a home having a silver dish weighing 1 kg but you won't see them having gold of 200 grams because most of the gold is in the vaults. People might have 50 "silver eagles" but not 10 "gold eagles" of 1oz. The 1:60+ value of gold (due to its hoarding) prevents it.
Essentially the hoarding is what makes gold so scarce.
why would btc be worth more than an ounce of gold at this stage in December?
Because there are over 5 billion ounces of above ground gold and only 12 million bitcoins.
technically there could be even more gold if you count the precious metals that have been discovered in space ( and yes, that's a true fact ) while precious metals are certainly good for now because of the scarcity and the way they're created once we're a spacefaring species the fresh supply of precious metals could easily change all that so unless we end up accidentally discovering a precious metal even rarer than gold then it could end up crashing the markets and the "It's rare" argument goes out the window which is why having a currency that follows a strict logic is actually a pretty good solution.
p.s. I also hope those 5 Billion ounces include the precious metals located in Afghanistan
Above ground quantities are everything that is mined and not lost post-production (like gold in gold plated electronics that end up in the junk). They are estimated at 180.000 tons or ~5.7bn ounces. This quantity increases every year (mining) by around 80-90mn ounces.
Gold is scarce because it's hoarded immensely in vaults etc. Silver is not considered that scarce (10x supply in nature than gold) yet above ground quantities are near 25bn ounces (a ratio of just 1:5). In practical terms the average person will have trouble finding the 1:5 gold ratio to silver because gold is soooo hoarded. You will see a home having a silver dish weighing 1 kg but you won't see them having gold of 200 grams because most of the gold is in the vaults. People might have 50 "silver eagles" but not 10 "gold eagles" of 1oz. The 1:60+ value of gold (due to its hoarding) prevents it.
Essentially the hoarding is what makes gold so scarce.
why would btc be worth more than an ounce of gold at this stage in December?
Because there are over 5 billion ounces of above ground gold and only 12 million bitcoins.
technically there could be even more gold if you count the precious metals that have been discovered in space ( and yes, that's a true fact ) while precious metals are certainly good for now because of the scarcity and the way they're created once we're a spacefaring species the fresh supply of precious metals could easily change all that so unless we end up accidentally discovering a precious metal even rarer than gold then it could end up crashing the markets and the "It's rare" argument goes out the window which is why having a currency that follows a strict logic is actually a pretty good solution.
p.s. I also hope those 5 Billion ounces include the precious metals located in Afghanistan
He voted for bitcoin before he voted against it.
What a BS original post. If you're not interested in BTC anymore because it's not profitable enough for you, then go ahead and stop using it... We won't stop you!
He's probably just a bored troll with little to no coins.
That description is half accurate for me as well...
Oh, well you've better try rectify that then or soon you'll get mad and jelly and surely turn into a troll
.Yeah, I'll probably freak out, create a few shitty threads and throw my coins away...
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What a BS original post. If you're not interested in BTC anymore because it's not profitable enough for you, then go ahead and stop using it... We won't stop you!
He's probably just a bored troll with little to no coins.
That description is half accurate for me as well...
Oh, well you've better try rectify that then or soon you'll get mad and jelly and surely turn into a troll
.
Fool, I'm just going to wait patiently until all those global markets propped up by central bank money printing collapse one by one, the Japanese Yen and the Turkish Lira are just the beginning.
What a BS original post. If you're not interested in BTC anymore because it's not profitable enough for you, then go ahead and stop using it... We won't stop you!
He's probably just a bored troll with little to no coins.
That description is half accurate for me as well...
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What a BS original post. If you're not interested in BTC anymore because it's not profitable enough for you, then go ahead and stop using it... We won't stop you!
He's probably just a bored troll with little to no coins.
What a BS original post. If you're not interested in BTC anymore because it's not profitable enough for you, then go ahead and stop using it... We won't stop you!
why would btc be worth more than an ounce of gold at this stage in December?
Because there are over 5 billion ounces of above ground gold and only 12 million bitcoins.
why would btc be worth more than an ounce of gold at this stage in December?
Because there are over 5 billion ounces of above ground gold and only 12 million bitcoins.
Hehe, guys I will humour you. You will read the story soon enough. I dumped in over $500,000 early last year when the size of the network was 600 Petaflops. I sold everything around $1142 on GOX at the highest point. I have bought back in marginally on every single dip since then. It is not a mystery what happened and now I will ride the push this year to over $8000 per coin. I planned to only buy back in at about $1.3M and was in the middle of doing so when I got gox'ed, so if all my money was lost I decided to start buying more if not everything I have back into coins and have almost done so hehe. Again I have recognized the situation. If everything I had was gone - there was no risk to put it all on the table at this point. I understood the $500k may go to zero, I do not see it as X million. I have probably pulled about $150k out. I see no reason to take anything out right now.
I am so frustrated that I know a few miners that had a lot more coins than me and he dumped them all at $10 long before I knew what a Bitcoin was. Now he works for me. Managing risk is what I excel at. Sorry that is hard for you to understand. Best of luck to you. Maybe you will get lucky with EarthCoin - it is a project I felt worthy of my attention. You never know...
I am so frustrated that I know a few miners that had a lot more coins than me and he dumped them all at $10 long before I knew what a Bitcoin was. Now he works for me. Managing risk is what I excel at. Sorry that is hard for you to understand. Best of luck to you. Maybe you will get lucky with EarthCoin - it is a project I felt worthy of my attention. You never know...
I am not in the game for $500 or $1000 per coin my friend. I am willing to lose all of it. My time horizons are much different. I plan to sell from $6500 all the way up to $8500. Thanks for the advice though. 
Be prepared for BTC to approach single digits and possibly even fractions of a penny before this is over. They stand the theoretical probability to rebound once an agreement or framework is reached but this story is definitely over for a while. Be aware of what you are dealing with - for a period of time you may feel a BTC is worth $1000 but the market may only be giving you 1 penny.
One of your posts yesterday says you're riding BTC all the way to $8500. Which is it?
fantasy coin
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Hahaha, hey guys I was just trying to get a rise out of you. I'm in the game until the end. If they are lost and worthless then they are lost. I live right beside the Ethereum fellas so there will always be something next . I'm headed over there right now. And yes I have 6100 coins now roughly.
. I'm headed over there right now. And yes I have 6100 coins now roughly.6100 what? Dogecoins?
Hahaha, hey guys I was just trying to get a rise out of you. I'm in the game until the end. If they are lost and worthless then they are lost. I live right beside the Ethereum fellas so there will always be something next . I'm headed over there right now. And yes I have 6100 coins now roughly.
. I'm headed over there right now. And yes I have 6100 coins now roughly.
Hahaha, hey guys I was just trying to get a rise out of you. I'm in the game until the end. If they are lost and worthless then they are lost. I live right beside the Ethereum fellas so there will always be something next . I'm headed over there right now. And yes I have 6100 coins now roughly.
. I'm headed over there right now. And yes I have 6100 coins now roughly. i was the biggest proponent of btc out there, mentioning and defending it on my own personal site.....but things have changed now.
all most of us have are the exchanges and right now i'm locked out of Coinbase with no responses to my emails while i watch this thing sink like the Titanic.
mtgox using some home made software, or what ever their problem is? stronger exchanges need to be developed. for those that got in early at $10 a coin, you're still doing great, but some of us are losing a bundle. why would btc be worth more than an ounce of gold at this stage in December?
digitals will always be around, and 3rd world countries need this low cost payment method, but somebody like google or apple needs to come up with a coin and a much stronger system. i'm going to wait for that.
So, when you were out being the biggest proponent of btc, did you fail to understand the idea of a decentralized currency? Did you fail to understand that it gave you the power to control your own storage of value, with no middle-man?all most of us have are the exchanges and right now i'm locked out of Coinbase with no responses to my emails while i watch this thing sink like the Titanic.
mtgox using some home made software, or what ever their problem is? stronger exchanges need to be developed. for those that got in early at $10 a coin, you're still doing great, but some of us are losing a bundle. why would btc be worth more than an ounce of gold at this stage in December?
digitals will always be around, and 3rd world countries need this low cost payment method, but somebody like google or apple needs to come up with a coin and a much stronger system. i'm going to wait for that.
i have two other wallets but i wanted to spread things around with coinbase, because you never know. i've explained on my site quite thoroughly since we're not in the USA about btc and security as well as cold storage. only 2 people have bought on my site and they bought very little, others are just too skeptical.
my own personal problems are not part of the larger systemic problems within btc. mtgox has hurt people more than i have, glad they wouldn't accept my wire last year.
i was the biggest proponent of btc out there, mentioning and defending it on my own personal site.....but things have changed now.
all most of us have are the exchanges and right now i'm locked out of Coinbase with no responses to my emails while i watch this thing sink like the Titanic.
mtgox using some home made software, or what ever their problem is? stronger exchanges need to be developed. for those that got in early at $10 a coin, you're still doing great, but some of us are losing a bundle. why would btc be worth more than an ounce of gold at this stage in December?
digitals will always be around, and 3rd world countries need this low cost payment method, but somebody like google or apple needs to come up with a coin and a much stronger system. i'm going to wait for that.
all most of us have are the exchanges and right now i'm locked out of Coinbase with no responses to my emails while i watch this thing sink like the Titanic.
mtgox using some home made software, or what ever their problem is? stronger exchanges need to be developed. for those that got in early at $10 a coin, you're still doing great, but some of us are losing a bundle. why would btc be worth more than an ounce of gold at this stage in December?
digitals will always be around, and 3rd world countries need this low cost payment method, but somebody like google or apple needs to come up with a coin and a much stronger system. i'm going to wait for that.
Patience....
The exchanges are holding coins to make sure that their customer's coins aren't compromised. The core dev team is working on resolving the issue as well. Similar things have happened before and this too will be fixed and the protocol will become stronger for it. I panic-sold some coins in May 2013. Please don't make the same mistake I did. If you look at the value of BTC even today vs what they were worth a year ago, the growth is massive. If you bought in above current levels and if you can wait it out, do.
December 28th, 2013
i was the biggest proponent of btc out there, mentioning and defending it on my own personal site.....but things have changed now.
all most of us have are the exchanges and right now i'm locked out of Coinbase with no responses to my emails while i watch this thing sink like the Titanic.
mtgox using some home made software, or what ever their problem is? stronger exchanges need to be developed. for those that got in early at $10 a coin, you're still doing great, but some of us are losing a bundle. why would btc be worth more than an ounce of gold at this stage in December?
digitals will always be around, and 3rd world countries need this low cost payment method, but somebody like google or apple needs to come up with a coin and a much stronger system. i'm going to wait for that.
So, when you were out being the biggest proponent of btc, did you fail to understand the idea of a decentralized currency? Did you fail to understand that it gave you the power to control your own storage of value, with no middle-man?all most of us have are the exchanges and right now i'm locked out of Coinbase with no responses to my emails while i watch this thing sink like the Titanic.
mtgox using some home made software, or what ever their problem is? stronger exchanges need to be developed. for those that got in early at $10 a coin, you're still doing great, but some of us are losing a bundle. why would btc be worth more than an ounce of gold at this stage in December?
digitals will always be around, and 3rd world countries need this low cost payment method, but somebody like google or apple needs to come up with a coin and a much stronger system. i'm going to wait for that.
I guess not, because you went out and put all your coins on another centralized website on the internet (which we all know is big and bad) and trusted them to hold them for you and have them ready for you when you asked for them just like a bank.... read about Cypress lately? Can you go in to Coinbase/MtGox and speak to someone in person about your funds they are holding? I think not.
You guys are crazy trusting your coins with other people you don't even know and have no chance of ever seeing in-person if anything goes wrong, just because they look big doesn't mean you can trust them. Bitcoin is about creating trust on an untrusted network not about trusting everyone blindly with all your value...
Please don't go being a proponent of bitcoin to other people without first learning a little about paper wallets and cold storage to be able to inform them properly about the necessary security or you are only setting up more people to be disappointed who of course will blame bitcoin for their uneducated mistakes...
Be prepared for BTC to approach single digits and possibly even fractions of a penny before this is over. They stand the theoretical probability to rebound once an agreement or framework is reached but this story is definitely over for a while. Be aware of what you are dealing with - for a period of time you may feel a BTC is worth $1000 but the market may only be giving you 1 penny.
One of your posts yesterday says you're riding BTC all the way to $8500. Which is it?
Bipolar disorder.
Decided to play day trader today. Sold some..
His finger is now on the buy button.. wants a few extra dollars so when he buys back he makes a bigger profit, I'm sure this is the genesis of about 95% of the FUD catastrophe posts made here.
Thankfully this has little potential of working. and over time they'll chase more and more..
FUD
Decentralized, digital currency is here to stay.
Decentralized, digital currency is here to stay.
i was the biggest proponent of btc out there, mentioning and defending it on my own personal site.....but things have changed now.
all most of us have are the exchanges and right now i'm locked out of Coinbase with no responses to my emails while i watch this thing sink like the Titanic.
mtgox using some home made software, or what ever their problem is? stronger exchanges need to be developed. for those that got in early at $10 a coin, you're still doing great, but some of us are losing a bundle. why would btc be worth more than an ounce of gold at this stage in December?
digitals will always be around, and 3rd world countries need this low cost payment method, but somebody like google or apple needs to come up with a coin and a much stronger system. i'm going to wait for that.
all most of us have are the exchanges and right now i'm locked out of Coinbase with no responses to my emails while i watch this thing sink like the Titanic.
mtgox using some home made software, or what ever their problem is? stronger exchanges need to be developed. for those that got in early at $10 a coin, you're still doing great, but some of us are losing a bundle. why would btc be worth more than an ounce of gold at this stage in December?
digitals will always be around, and 3rd world countries need this low cost payment method, but somebody like google or apple needs to come up with a coin and a much stronger system. i'm going to wait for that.
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Be prepared for BTC to approach single digits and possibly even fractions of a penny before this is over. They stand the theoretical probability to rebound once an agreement or framework is reached but this story is definitely over for a while. Be aware of what you are dealing with - for a period of time you may feel a BTC is worth $1000 but the market may only be giving you 1 penny.
One of your posts yesterday says you're riding BTC all the way to $8500. Which is it?
Haha. Busted. I guess he must be bored.
Be prepared for BTC to approach single digits and possibly even fractions of a penny before this is over. They stand the theoretical probability to rebound once an agreement or framework is reached but this story is definitely over for a while. Be aware of what you are dealing with - for a period of time you may feel a BTC is worth $1000 but the market may only be giving you 1 penny.
One of your posts yesterday says you're riding BTC all the way to $8500. Which is it?
Bipolar disorder.
Be prepared for BTC to approach single digits and possibly even fractions of a penny before this is over. They stand the theoretical probability to rebound once an agreement or framework is reached but this story is definitely over for a while. Be aware of what you are dealing with - for a period of time you may feel a BTC is worth $1000 but the market may only be giving you 1 penny.
One of your posts yesterday says you're riding BTC all the way to $8500. Which is it?
Trolls can't make up their mind.
So, you're only around since December? Maybe lurking since October/November? No offense, seriously, but Bitcoin will pull through. Things are rough now, sure! But this is far from the apocalypse.
Want something reassuring? Take a look at logarithmic 1 year graphs: http://bitcoincharts.com/charts/bitstampUSD#rg360ztgSzm1g10zm2g25zvzl
Want something reassuring? Take a look at logarithmic 1 year graphs: http://bitcoincharts.com/charts/bitstampUSD#rg360ztgSzm1g10zm2g25zvzl
Be prepared for BTC to approach single digits and possibly even fractions of a penny before this is over. They stand the theoretical probability to rebound once an agreement or framework is reached but this story is definitely over for a while. Be aware of what you are dealing with - for a period of time you may feel a BTC is worth $1000 but the market may only be giving you 1 penny.
One of your posts yesterday says you're riding BTC all the way to $8500. Which is it?
Be prepared for BTC to approach single digits and possibly even fractions of a penny before this is over. They stand the theoretical probability to rebound once an agreement or framework is reached but this story is definitely over for a while. Be aware of what you are dealing with - for a period of time you may feel a BTC is worth $1000 but the market may only be giving you 1 penny.
Except that the infrastructure around the world is currently going gangbusters with hundreds of new startups, international conferences drawing tens of thousands, venture capital, wall street investments, ETFs, creation of BitLicenses in NY purely for the purpose of fostering innovation in Bitcoin, and adoption increasing every day. Overstock has almost reached $1 million Bitcoin sales in their first month, and they've announced they will be holding coins instead of immediately cashing in. They plan to start paying vendors and salaries in Bitcoin soon.
Argentina is flocking to it in droves. Cyprus. etc...
When that starts to fall apart, Bitcoin will fall apart.
The trading market / exchanges have absolutely nothing to do with what Bitcoin is doing around the world. BTC could go to $1.00 tomorrow and it wouldn't amount to a hill of beans for its future success.
Its important to know whats going on outside of the tiny world of "trading on exchanges".
-B-
Be prepared for BTC to approach single digits and possibly even fractions of a penny before this is over. They stand the theoretical probability to rebound once an agreement or framework is reached but this story is definitely over for a while. Be aware of what you are dealing with - for a period of time you may feel a BTC is worth $1000 but the market may only be giving you 1 penny.
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