Why do people keep saying BTC is dead?! - page 141.

pereira4

legendary

Activity: 1610

Merit: 1183

Quote from: Revolution on February 14, 2014, 09:10:10 AM

Every time, for as long as I remember, that I go on bitcointalk, everyone keeps posting "BTC IS DEAD" "SELL" etc... And then a few Sr/Hero members come and explain how thats wrong.

I just don't get it.

Aren't we used to the price fluctuating by now? Whats with all the crying/moaning about price bubbles, crashing, inflations, Russia, China blablablablablablaaaaa!

Jeez... Do some research before posting, I saw one post which got LOADS of attention, yet the first post was done by paint, with an unlabelled graph which showed wrong data!

This is getting to the point where we are affecting newer members or gullible people into selling/dumping all their coins instead of keeping them. I mean when I come on the forum, I see that its crashing, why would I buy in?

I think we need to stop giving the panicking people attention and focus more on positive sides.

Look at this and realize how stupid people look when they say "Bitcoin is dead" from now on.

picolo

hero member

Activity: 1022

Merit: 500

Quote from: V for Varoufakis on March 14, 2015, 12:55:07 PM

Thats why bitcoin creates deflation. In an ideal economy there is no inflation or deflation. Balance is the solution. Please, read some economics. Also read this:

Bitcoin and the dangerous fantasy of ‘apolitical’ money
http://yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-dangerous-fantasy-of-apolitical-money/

Deflation is good because it means you can buy more with the same amount of money.

V for Varoufakis

sr. member

Activity: 261

Merit: 250

Thats why bitcoin creates deflation. In an ideal economy there is no inflation or deflation. Balance is the solution. Please, read some economics. Also read this:

Bitcoin and the dangerous fantasy of ‘apolitical’ money
http://yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-dangerous-fantasy-of-apolitical-money/

aso118

legendary

Activity: 1918

Merit: 1012

★Nitrogensports.eu★

Quote from: V for Varoufakis on March 14, 2015, 09:19:29 AM

Money supply should be depended by some factors of economy, like velocity of money, price level, amount of good and services or the value of aggregate transactions. So a fixed supply is totally wrong. You need an equation to calculate it.

The supply of bitcoins is constant. The variable is the value of bitcoin.
You do have an equation. Wink

V for Varoufakis

sr. member

Activity: 261

Merit: 250

Money supply should be depended by some factors of economy, like velocity of money, price level, amount of good and services or the value of aggregate transactions. So a fixed supply is totally wrong. You need an equation to calculate it.

dzambodzetem

newbie

Activity: 32

Merit: 0

In my opinion it is to early to say if BTC is dying or will it live for the next 20 years or so. For one thing there is no government to guarantee bitcoin stability. Also many people do not trust any kind of virtual currency.

solitude

hero member

Activity: 674

Merit: 500

Complete list of people who say Bitcoin is dead:

1. kikes
2. banksters
3. paid shills of the status quo
4. nocoiners
5. people who sold their bitcoins
6. retards too dumb to understand bitcoin
7. Janet Yellen and Ben Lawsy and especially their kike noses
8. Any kike writing clickbait online bullshit
9. Did I mention jewish people who control the Federal Reserve and the US economy?
10. Moderators on every forum on the internet with no hope to get laid, including bitcointalk.org

aso118

legendary

Activity: 1918

Merit: 1012

★Nitrogensports.eu★

Quote from: V for Varoufakis on March 13, 2015, 11:56:10 AM

And the solution to inflation is the deflation? You need to study some economics.

Inflation can be defined as either rate of increase in prices or rate of increase in money supply.
The rate of increase of bitcoins in circulations is fixed and known in advance. This is one of the biggest advantages of Bitcoin.
It is definitely not a deflating currency in this stage of its life cycle.

V for Varoufakis

sr. member

Activity: 261

Merit: 250

And the solution to inflation is the deflation? You need to study some economics.

Meuh6879

legendary

Activity: 1512

Merit: 1012

Quote from: V for Varoufakis on March 13, 2015, 06:11:41 AM

Because it is dead by design.

Because even people don't see the inflation.
They have seen the depreciate EUR value over USD ? ... No ! They are crazy ! Roll Eyes

But not the holder of bitcoins ... Cool

BrianM

hero member

Activity: 546

Merit: 510

Because people do not understand the true value of bitcoin.
All people talk about is Exchange rate, confirmation time, scams and so on.
All fail to see the true value.

Yes, I will tell it:
The true value is in the blockchain, this is perhaps the biggest invention since the Internet it self.
This is the first time in human history anybody was able to create a decentralized consensus system.

Good example ignorance is in this comment, completely failure in understanding what bitcoin is:

Quote from: V for Varoufakis on March 13, 2015, 06:11:41 AM

Because it is dead by design.

V for Varoufakis

sr. member

Activity: 261

Merit: 250

Because it is dead by design.

flyingplows

sr. member

Activity: 518

Merit: 250

Quote from: dothebeats on March 11, 2015, 11:39:40 AM

Quote from: Bananana on March 10, 2015, 11:28:45 AM

Quote from: Twipple on March 10, 2015, 11:09:21 AM

Quote from: Btcvilla on March 10, 2015, 10:36:36 AM

If Bitcoin goes up 10%, people are full of joy and are happy, if Bitcoin goes down 10% Bitcoin is dead and Bitcoin is useless.

True story. But most of them don't realize the success if not behind the price. Price just means that more people are buying

Price is everything. It greatly impact on miners. I believe most people say bitcoin is dead is actually referring to mining is dead!!

No. bitcoin's price is not everything. We can say that the price deals a large impact on the majority of the users, but still it is not the only reason why users flocked in to the bitcoin community and started using the coin.

I think its because people do not want to take responsibility for their actions that led to a loss and they rather blame the coin itself that it is dead and there is nothing they could do about that so they lost their investment. And yes - most people come here to invest, speculate or hold and not to use it everyday

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Quote from: Bananana on March 10, 2015, 11:28:45 AM

Quote from: Twipple on March 10, 2015, 11:09:21 AM

Quote from: Btcvilla on March 10, 2015, 10:36:36 AM

If Bitcoin goes up 10%, people are full of joy and are happy, if Bitcoin goes down 10% Bitcoin is dead and Bitcoin is useless.

True story. But most of them don't realize the success if not behind the price. Price just means that more people are buying

Price is everything. It greatly impact on miners. I believe most people say bitcoin is dead is actually referring to mining is dead!!

No. bitcoin's price is not everything. We can say that the price deals a large impact on the majority of the users, but still it is not the only reason why users flocked in to the bitcoin community and started using the coin.

l.Maximiliaan

newbie

Activity: 5

Merit: 0

Quote from: Bananana on March 10, 2015, 11:28:45 AM

Quote from: Twipple on March 10, 2015, 11:09:21 AM

Quote from: Btcvilla on March 10, 2015, 10:36:36 AM

If Bitcoin goes up 10%, people are full of joy and are happy, if Bitcoin goes down 10% Bitcoin is dead and Bitcoin is useless.

True story. But most of them don't realize the success if not behind the price. Price just means that more people are buying

Price is everything. It greatly impact on miners. I believe most people say bitcoin is dead is actually referring to mining is dead!!

im certain that this is only one of the reasons.

MrDjAK

full member

Activity: 238

Merit: 100

Because they have sold btc

thejaytiesto

legendary

Activity: 1358

Merit: 1014

Quote from: Bananana on March 10, 2015, 11:28:45 AM

Quote from: Twipple on March 10, 2015, 11:09:21 AM

Quote from: Btcvilla on March 10, 2015, 10:36:36 AM

If Bitcoin goes up 10%, people are full of joy and are happy, if Bitcoin goes down 10% Bitcoin is dead and Bitcoin is useless.

True story. But most of them don't realize the success if not behind the price. Price just means that more people are buying

Price is everything. It greatly impact on miners. I believe most people say bitcoin is dead is actually referring to mining is dead!!

Naw price is not everything, because perceived price is not really objective value. Bitcoin right now is much higher than 300 and time will prove this fact right.

Bananana

sr. member

Activity: 481

Merit: 250

Quote from: Twipple on March 10, 2015, 11:09:21 AM

Quote from: Btcvilla on March 10, 2015, 10:36:36 AM

If Bitcoin goes up 10%, people are full of joy and are happy, if Bitcoin goes down 10% Bitcoin is dead and Bitcoin is useless.

True story. But most of them don't realize the success if not behind the price. Price just means that more people are buying

Price is everything. It greatly impact on miners. I believe most people say bitcoin is dead is actually referring to mining is dead!!

Twipple

sr. member

Activity: 462

Merit: 250

Quote from: Btcvilla on March 10, 2015, 10:36:36 AM

If Bitcoin goes up 10%, people are full of joy and are happy, if Bitcoin goes down 10% Bitcoin is dead and Bitcoin is useless.

True story. But most of them don't realize the success if not behind the price. Price just means that more people are buying

vrm86

hero member

Activity: 676

Merit: 500

Price fluctuations are capturing people's imagination, therefore they can't see more important thing: bitcoin's level of adaptation, which remains on steady growth. That is the determinative factor of Bitcoins (and any other crypto) status.

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