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Topic: Why? - page 5. (Read 9536 times)

legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
October 26, 2012, 04:34:14 PM
#32
We have no bitinstant debit card in the news. A preloadable debit card is bitcoin's only hope for any introduction into mainstream usage, while too many members of this forum make a big deal over something as silly as bitcoin taxi payments or vending machines.

Bitcoin price is inflated by irrational, Atlas-esque bulls who think bitcoin will succeed by proselytizing its merits to the masses. The notion that bitcoin will grow by getting our collective relatives' small businesses to all accept bitcoin is as delusional as canvassing for a presidential 3rd party.

We need to piggyback bitcoin's decentralized characteristics onto the popularity of a mainstream currency, thus acting as a medium between "real" currencies, so to speak. Only once this niche role is established can bitcoin hope to make the next leap as a self supporting currency. The Bitcoin Foundation and the pre-loadable debit card have been the only significant bitcoin news as of late, the rest is all noise.

How will another bitcoin-accepting small business with ZERO bitcoin transactions help bitcoin?
How will ASIC's that do nothing but further secure an already impenetrable network help bitcoin?
How will planting proselytizing media stories that reach only libertarians and techies help bitcoin?

Meh, I can remember when the web was a bunch of text with no images. Bitcoin is (in my opinion) pretty much inevitable now. There may be some false starts and some missteps but I don't think there's much need for anyone to be running around pushing things, just take advantages of opportunities as they occur and it will grow by itself. If it needed to be forced, it *deserves* to fail.
sr. member
Activity: 246
Merit: 250
Team Heritage Motorsports
October 26, 2012, 04:30:37 PM
#31
OMG! bitinstant back up!!

Everyone run!

sr. member
Activity: 434
Merit: 250
October 26, 2012, 04:21:05 PM
#30
BFL is not that retarded to hold onto BTC for pre-orders.

BTC was trading around $6 when BFL started accepting pre-orders.  Are you insinuating that BFL would have to have been retarded to accept bitcoins at $6 and then start selling them at $12?  I think maybe retarded doesn't mean what you think it means.

OK Inigo.

I mean that they had every reason to cash them out. #1: Manufacturing funds. #2 Fluctuating Market.
full member
Activity: 210
Merit: 100
October 26, 2012, 04:11:06 PM
#29
We have no bitinstant debit card in the news. A preloadable debit card is bitcoin's only hope for any introduction into mainstream usage, while too many members of this forum make a big deal over something as silly as bitcoin taxi payments or vending machines.

Bitcoin price is inflated by irrational, Atlas-esque bulls who think bitcoin will succeed by proselytizing its merits to the masses. The notion that bitcoin will grow by getting our collective relatives' small businesses to all accept bitcoin is as delusional as canvassing for a presidential 3rd party.

We need to piggyback bitcoin's decentralized characteristics onto the popularity of a mainstream currency, thus acting as a medium between "real" currencies, so to speak. Only once this niche role is established can bitcoin hope to make the next leap as a self supporting currency. The Bitcoin Foundation and the pre-loadable debit card have been the only significant bitcoin news as of late, the rest is all noise.

How will another bitcoin-accepting small business with ZERO bitcoin transactions help bitcoin?
How will ASIC's that do nothing but further secure an already impenetrable network help bitcoin?
How will planting proselytizing media stories that reach only libertarians and techies help bitcoin?
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
October 26, 2012, 03:49:03 PM
#28
BFL is not that retarded to hold onto BTC for pre-orders.

BTC was trading around $6 when BFL started accepting pre-orders.  Are you insinuating that BFL would have to have been retarded to accept bitcoins at $6 and then start selling them at $12?  I think maybe retarded doesn't mean what you think it means.
full member
Activity: 159
Merit: 100
October 26, 2012, 03:48:12 PM
#27
Lol, there is no reason. Just some people are feared and so they sold. We are oversold. Even this kind of movements ends at some time.

Definitely, Cheap bitcoins! There is strong evidence that this is last chance before halving. Look at RSI. I hnow it is just a friday. But we are getting near end.

Bitcoin is strong idea. It will sustain.
hero member
Activity: 614
Merit: 500
October 26, 2012, 03:22:49 PM
#26
BFL is not that retarded to hold onto BTC for pre-orders.

It's actually bit-pay which takes care of that kind of business and the merchant just receives the hard $. There's an option with bit-pay to get paid in btc but I doubt that butterfly labs does that.
sr. member
Activity: 416
Merit: 250
October 26, 2012, 03:21:12 PM
#25
BFL is not that retarded to hold onto BTC for pre-orders.
BFL is retarded Cheesy
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
October 26, 2012, 03:04:27 PM
#24
BFL is not that retarded to hold onto BTC for pre-orders.
Who knows?
Also this sellof might give them the excuse they needed...
sr. member
Activity: 434
Merit: 250
October 26, 2012, 03:00:59 PM
#23
BFL is not that retarded to hold onto BTC for pre-orders.
donator
Activity: 2772
Merit: 1019
October 26, 2012, 02:53:55 PM
#22
I don't have a clue. Suprises the hell out of me.

Funny idea: bfl upgrades can't be payed in bitcoin... fiat only Wink
hero member
Activity: 502
Merit: 500
October 26, 2012, 02:52:14 PM
#21
im saying maybe clispe getting his hacked coins into cash. Maybe we should ask mtgox if it is any of these ppl that they lock there accounts.
sr. member
Activity: 406
Merit: 250
LTC
October 26, 2012, 02:51:08 PM
#20
Perhaps ASIC companies are now ready to place their orders with manufacturers and are thus selling BTC to raise the necessary funds.
That is possible to, BFL said they just payed a "bullet run", maybe they need extra money very fast.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
October 26, 2012, 02:32:59 PM
#18
Perhaps ASIC companies are now ready to place their orders with manufacturers and are thus selling BTC to raise the necessary funds.

With the block reward getting cut and New Year's Eve right around the corner, I'm hesitant to sell now.  I still think we'll see an end of the year bubble.  I'll be looking to sell some on January 3rd.  I tend to trade with a plan, rather than react to market gyrations.  Time will tell if this line of thinking makes or loses me several thousand dollars.
full member
Activity: 238
Merit: 100
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
October 26, 2012, 02:29:12 PM
#16
Dang, I need to get my mtgox acct set up. I'm gonna get me some bitcoins.
legendary
Activity: 1176
Merit: 1001
October 26, 2012, 02:27:34 PM
#15
pirateat40i'mgay is selling.
sr. member
Activity: 406
Merit: 250
LTC
October 26, 2012, 02:23:52 PM
#14
bitinstant is down.
bitme is down
...

btc-e too, seems under DDOS.
May be orchestrated.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
October 26, 2012, 02:18:51 PM
#13
because price of bitcoin is ridiculously over priced for what it is and does.
most owners are speculators and finding the bigger fool is getting tough right now.

pretty simple really.

That's just not right. Sellers are just a small minority, the scenario you are summoning up would be much more severe.

My explanation: See my Avatar Text.
People have waited for an opportunity to get out out of disappointment over various schemes which took place this year, there is a limited number of these fellas and they probably don't even have that much BTC to sell. (Because they lost so much already)
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