Topic: URGENT, Bitcoin is on the verge of collapse !!! - page 10. (Read 67950 times)

The only evidence that you need for understanding bitcoin is doing great is that Igorr here is posting crap like a madman at 10 000 ppm.
There are some people who will never understand bitcoin and they will always talk about it "final" crash.

Just like the ones still believing the earth is flat.

I think coming back here 65 years later to say you were wrong would kind of be ironic
It means that bitcoin was around at least 65 years and the forum kept an archive of the thread that long
Anyways a doom and gloom prediction should be in the next 5 years or less in my opinion otherwise its unfair
Kind of like saying the USA will default someday sure but the question is when
I say within 20 years if nothing is changed otherwise switch to mulit currency system or Bitcoin and virtual currencies being that sector

is there a due by date for these gloom and doom predictions? 
i feel like 80 year old super billionaire igorr may be here in 65 years exclaiming how she was right all along

hehehe, very serious and mature response, keep giving it the best you can kid

Hehehehehe,  you must be kidding  "overstock" , very serious shop.  

Alibaba??

Where are the forty thieves? Did they run off with the bitcoin payment method? That site looks shady, only a troll would buy there.

Have a look at this site http://www.overstock.com/bitcoin, it has a reliable secure payment option, so you shouldn't worry about identity theft. They even made a movie about it http://www.imdb.com/title/tt2024432/, you won't have that shit happening to you, if you use bitcoin.

Besides, not sure what language you speak or where you are from... but according to you bitcoin has been collapsing since February, so you are from Australia?? Because they walk upside down there. Only logical conclusion I can make for a line that's going upwards to be seen as a collapse.

PS: Alibaba (without the thieves), accepts webmoney, but I see no option for spidermoney, a bit strange don't you think, also no PayPal, seems to be a scam site, indeed because they accept USD, that sort of money is only used to buy drugs, so I have been told by my granny.

Very good, Thanks

I know I'll be hearing the "don't feed the troll" but here goes...

Where's your VISA now?

This argument has been made since about 2011.  Give it time... it will stabilize over time, probably to somewhere between the actively-managed currencies and gold.


Tiresome.  If you cherry-pick your dates you can do pretty terribly for fiat currencies, bonds, stocks, real estate, art... etc.  Everything.  Safest thing to do if you have near term commitments is to use the same unit of account.  That is, if your loans are in Euro, price your salary in Euro.

And the idea that someone wants a stable value is BS.  Nobody complains when their "stable" investment appreciates dramatically.

The fact is that there IS no good store of value, so if you really want to do this diversification is the only choice.

The biggest selling in the world,
Alibaba has more sales than Amazon and eBay combined !

http://www.theverge.com/2014/5/7/5690596/meet-alibaba-the-ecommerce-giant-with-more-sales-than-amazon-and-ebay

http://www.forbes.com/sites/walterloeb/2014/04/11/10-reasons-why-alibaba-is-a-worldwide-leader-in-e-commerce/

http://online.wsj.com/news/articles/SB10001424052702303546204579440472954450720

Congrats.  You just gave someone an idea for yet another altcoin.  Wait, that's assuming GypsyTears or GypsyTearsCoin hasn't already been created...

The more of this thread I read, the more i think (hope) igorr must me a troll.  I can't imagine that the arguments being stated are genuine. Gooooo governments, central  banks, and credit card companies !?!  They obviously have all of our best interests in mind.

Here is more solid evidence that Bitcoin is doing great. Just look at all the good news flooding in every day. 
https://bitcointalk.org/index.php?board=77.0
Also prices are up almost 100% from the low: This "collapse" is gong really well.

I wouldn't buy from a site called Alibaba if I could pay with gypsy tears.

omg, where is bitcoin payment !

View Screen Capture

Have we collapsed yet?  Because I don't sense the urgency people....

Here is an interesting question;  what is money?

We have a list of things we expect money to be good for.  Medium of Exchange, Store of Value, Unit of Account.  

Bitcoin has got the "Medium of Exchange" thing covered - that is what it does better than any extant currency.  

But it doesn't make a heck of a good unit of account, because it's too volatile.  For a unit of account, you want something that a lender will be happy to be paid in, or a debtor happy to pay, when an account comes due in a month or a season or a year.  (Note that "lender" includes the idea of "savings account holder" and "debtor" includes the idea of banks borrowing money by offering people savings accounts... )

To be happy about that, the lender *AND* the debtor would both need a much firmer idea about what the value of a bitcoin at that future date will be.  Without that knowledge, you just don't get a common view of the world where the lender and the debtor can both be happy about their prospects of paying/getting paid when what they owe is measured in these units.

And it doesn't make a heck of a good store of value, for pretty much the same reasons.  In a store of value, you want something that will allow you to get your value back out, undiminished, at pretty much any time, without worrying too much about fluctuating rates.   The fact that people who "stored value" at $1100 last december only could get out about $600 today means that BTC is a failure as a store of value over that term, as compared to $USD.  A good store of value is necessarily low-risk, and when we use BTC to store value we're exposing ourselves to a fairly substantial risk.

Now, if like most of us you believe in a long-term upside to BTC value, that makes it a speculative instrument whose risk is measured against future gains -- not a store of value whose risk is minimal.  

So, on every count *EXCEPT* medium of exchange, it's not doing all that well when measured against our traditional definitions of 'Money.'  

And how do people use a medium of exchange that isn't a good store of value or unit of account?  They keep track of what they own/owe in different units, then just buy some when they need to send money, send it, and the recipient instantly sells it to cover debts in those other units.  This is what happens to national currencies whose future is uncertain but which can (or must) be used for transactions or remittances in those countries.  

I bet you do not have more than 13 years.

so why are you on bitcoin forum ? go to visa/mc/amex forums, good riddance

"Speculation" is legit and fun, this forum section is called speculation, also a clear minority of my posts are in this area.

Now it's your turn to answer an "important" relevant question:
igorr, You don't like or want BTC, so...
Why are you here being a troll, and why don't you go be negative somewhere else?