1 - this is not true. As long as merchants accept BTC then BTC is a medium of exchange.
You could make the same argument about dollars since many large companies buy short term treasury bonds with the majority of their BTC.
2 - as of not BTC is not a store of value. It's price is much to volatile. It will likely be a store of value in the future as more of the public starts to accept and use bitcoin.
With the above being said neither of these points has anything to do with the future of the price of bitcoin.
Your "accusations" are true to almost every investment.
Topic: Why Bitcoin will collapse in price. - page 3. (Read 24619 times)
well i don't understand why things should be made more complicated in the future only for bitcoin
skipped a few pages...something you can send anywhere in the world that is fast,secured,cheap,portable,convenient. Something people can gamble/invest/trade on exchanges like stocks and currency but better because you are your own investment company no middle person/s handling your asset/money(bitcoins)...I also think it is a store of value..many average or poor people cannot buy gold, silver and jewelry to store their wealth, even if you see gold or silver many people can be deceived by fake precious metals while crypto currency cannot be faked..bitcoin is a technological revolution like the printing press(the powerful church can't stop it).
Can anyone tell me why a safer secure money will not be accepted?
I think it will take longer than most people on here would like to believe. Most people, your average Joe on the street, won't give two shits about bitcoin. I would bet you that if you stood on the street in a typical town with a paper wallet containing 1 BTC you would have trouble giving it away for free. Mark Dice had trouble giving away a solid 1oz gold coin FFS (search youtube for Mark Dice Free Gold Coin). People are stupid.
The smart people will lead the way, but it will take many years. The masses will follow later, maybe in ten years or so, possibly longer, depends on when the world fiat currencies collapse, which will likely be within ten years anyway, so who knows...
Having said all that I think bitcoin will land on the moon some day.
Can anyone tell me why a safer secure money will not be accepted? I don't think these points take into consideration the huge benefits that come along with this currency. "It's a bubble, it won't last" . I believe that bitcoin can function as a currency, the government just wants to know how to control it before they stop "taxing" it. But once they do that taxes will be imposed regardless.
I drew a similar conclusion, there is a valid downtrend in bitcoin prices. Downtrends are normal, there is no rule they'd last until zero. At some point there is an event and/or large volume and the trend is broken then we move on
Just one indicator is not significant to draw conclusions. Try weekly bars for greater accuracy, closing prices give strongest direction over time
Thats a win/win bet!
Please tell me who validates governments. BTC is a valid alternative to dollars and it will be in future, competition is the threat. If they can hold dollar markets in the USSR despite that government, I think we presume this is not a real good reason for failure of btc now
http://russiapedia.rt.com/of-russian-origin/fartsovshchik/
Just one indicator is not significant to draw conclusions. Try weekly bars for greater accuracy, closing prices give strongest direction over time
Quote
/Bitcoin is NOT going to collapse any time soon; in fact, I'd wager 10 BTC
Thats a win/win bet!
Quote
a) Governments have already effectively made it impossible for people
Please tell me who validates governments. BTC is a valid alternative to dollars and it will be in future, competition is the threat. If they can hold dollar markets in the USSR despite that government, I think we presume this is not a real good reason for failure of btc now
http://russiapedia.rt.com/of-russian-origin/fartsovshchik/
Good point. Trend can anytime change at all and people used to see btc's growing they are gonna used to its falling price, IMHO.
As for the Govern, I think, they can't destroy it as it is not national financial instrument but international one and no need to remind how difficult to make countries to unite for one purpose as everyone wants to make benefits from anything and has diff points on view, especially about financial development.
LOL!!!
Just starting to read this thread.....
"Death penalty for mining???" Hahahahaha. Seriously dude, you need to stop watching so much TV crap. Well, maybe if you are North Korean we understand why you shd be worried about it.
Merchants are increasingly adopting bitcoin and there's a huge hole Grand Canyon size in your points regarding merchants: the tipping point comes when merchants start paying other merchants with bitcoin. So twofold effect: merchants are driving most of the adoption and the value chain bitcoin integration will further reduce the need to cash out to dollars.
What we mostly need is a consumer-driven killer app but they are already some initial bridges with fiat: bitcoin-enabled debit cards.
Just starting to read this thread.....
"Death penalty for mining???" Hahahahaha. Seriously dude, you need to stop watching so much TV crap. Well, maybe if you are North Korean we understand why you shd be worried about it.
Merchants are increasingly adopting bitcoin and there's a huge hole Grand Canyon size in your points regarding merchants: the tipping point comes when merchants start paying other merchants with bitcoin. So twofold effect: merchants are driving most of the adoption and the value chain bitcoin integration will further reduce the need to cash out to dollars.
What we mostly need is a consumer-driven killer app but they are already some initial bridges with fiat: bitcoin-enabled debit cards.
I drew a similar conclusion, there is a valid downtrend in bitcoin prices. Downtrends are normal, there is no rule they'd last until zero. At some point there is an event and/or large volume and the trend is broken then we move on
Just one indicator is not significant to draw conclusions. Try weekly bars for greater accuracy, closing prices give strongest direction over time
Thats a win/win bet!
Please tell me who validates governments. BTC is a valid alternative to dollars and it will be in future, competition is the threat. If they can hold dollar markets in the USSR despite that government, I think we presume this is not a real good reason for failure of btc now
http://russiapedia.rt.com/of-russian-origin/fartsovshchik/
Just one indicator is not significant to draw conclusions. Try weekly bars for greater accuracy, closing prices give strongest direction over time
Quote
/Bitcoin is NOT going to collapse any time soon; in fact, I'd wager 10 BTC
Thats a win/win bet!
Quote
a) Governments have already effectively made it impossible for people
Please tell me who validates governments. BTC is a valid alternative to dollars and it will be in future, competition is the threat. If they can hold dollar markets in the USSR despite that government, I think we presume this is not a real good reason for failure of btc now
http://russiapedia.rt.com/of-russian-origin/fartsovshchik/
@igorr,
Stop posting the same shite graph over and over, it makes you look stupid retarded. Bitcoin is NOT going to collapse any time soon; in fact, I'd wager 10 BTC that it's going to flourish and thrive.
Stop posting the same shite graph over and over, it makes you look stupid retarded. Bitcoin is NOT going to collapse any time soon; in fact, I'd wager 10 BTC that it's going to flourish and thrive.
View Screen CaptureThis is just chart with Lin regresion indicator,
Why are you angry ?
Where is the problem ?
It's typical of any experienced technical analyst to reference a multitude of time frames. But hey, we don't come to the bitcointalk speculation sub-forum to hear from experienced traders do we?
Try zooming out on that chart. You might just find we're actually in a long-term up trend. I don't know. Just a crazy thought.
@igorr,
Stop posting the same shite graph over and over, it makes you look stupid retarded. Bitcoin is NOT going to collapse any time soon; in fact, I'd wager 10 BTC that it's going to flourish and thrive.
Stop posting the same shite graph over and over, it makes you look stupid retarded. Bitcoin is NOT going to collapse any time soon; in fact, I'd wager 10 BTC that it's going to flourish and thrive.
View Screen CaptureThis is just chart with Lin regresion indicator,
Why are you angry ?
Where is the problem ?
@igorr,
Stop posting the same shite graph over and over, it makes you look stupid retarded. Bitcoin is NOT going to collapse any time soon; in fact, I'd wager 10 BTC that it's going to flourish and thrive.
Stop posting the same shite graph over and over, it makes you look stupid retarded. Bitcoin is NOT going to collapse any time soon; in fact, I'd wager 10 BTC that it's going to flourish and thrive.
When it loses its reserve status
There is no reserve value for bitcoin..
He probably meant its value as a means of hoarding (i.e. store of value)...
When it loses its reserve status
There is no reserve value for bitcoin..
Very rare that the first one ends up being the one that stays.
I can't see why BTC would be any different
I can't see why BTC would be any different
These times obviously haven't yet come, to substitute bitcoin with something else which would be much better...
Very rare that the first one ends up being the one that stays.
I can't see why BTC would be any different
I can't see why BTC would be any different
Sometimes, when I look into these old threads that resurfaced for some reason, I wonder if those people who made those age-old-posts are still around. What have they seen? They are so far away in that Dec. 2013 past. How have they lived? What have they felt? Were they happy? I love me some good history-thread!
You're yourself history now. RIP. But bitcoin ain't and is still kicking...
Its about to go up, just wait for MtGox..
True, just MtGox can raise the bitcoin prices.
When it loses its reserve status
Sometimes, when I look into these old threads that resurfaced for some reason, I wonder if those people who made those age-old-posts are still around. What have they seen? They are so far away in that Dec. 2013 past. How have they lived? What have they felt? Were they happy? I love me some good history-thread!
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