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Topic: Wrap It Up, bitcoin Is Done - page 3. (Read 5219 times)

Q7
sr. member
Activity: 448
Merit: 250
April 30, 2015, 08:00:23 PM
#62
Not sure what's the problem. If you look at the market, there are still active buying with people demanding for bitcoin. I always think bitcoin is not done until you see everybody giving up hope and stop talking about bitcoin. And as long as there are active members here, you are dead wrong on your assumptions.
hero member
Activity: 631
Merit: 500
April 30, 2015, 12:21:31 PM
#61
Don't worry about the future of bitcoins. its gonna be great.. just think that you have invested for a long run dont think what people around you says about it just think and believe its gonna be revolutionary in future since its last 6 years of existence it has reached a new level just imagine what would be the scene after 10 years??
sr. member
Activity: 456
Merit: 250
April 30, 2015, 08:38:41 AM
#60
Somebody is about to hit margin call
legendary
Activity: 3766
Merit: 1217
April 30, 2015, 08:02:49 AM
#59
But it needs to prevail in order to be useful. The best and most decentralized, and most secure currency doesn't serve any purpose if no one is using it. And if its relative value to other goods or currencies is highly volatile or only going down, people won't adopt it.

Already more than one million people are using Bitcoin, which is actually a huge number for a 6-year old currency. Recently the adoption has suffered due to various high-profile scandals (such as the Mt Gox robbery and Silk Road). Once people forget these scams / scandals, the adoption will continue to rise upward.
hero member
Activity: 518
Merit: 500
Trust me!
April 30, 2015, 07:53:06 AM
#58
I don't care much about the exchange rates. Bitcoin was created for ideological purposes. Among its main aims were to weaken the control of central banks and to create a decentralized currency which would protect our assets from inflation. Despite all the setbacks, Bitcoin is still serving its purpose.  Grin

But it needs to prevail in order to be useful. The best and most decentralized, and most secure currency doesn't serve any purpose if no one is using it. And if its relative value to other goods or currencies is highly volatile or only going down, people won't adopt it.
legendary
Activity: 3766
Merit: 1217
April 30, 2015, 07:45:20 AM
#57
I don't care much about the exchange rates. Bitcoin was created for ideological purposes. Among its main aims were to weaken the control of central banks and to create a decentralized currency which would protect our assets from inflation. Despite all the setbacks, Bitcoin is still serving its purpose.  Grin
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
April 30, 2015, 07:42:05 AM
#56
Let's see...forgetting something...oh yes, price is 10% lower. Cheers!  Grin
Bitcoin's value has actually changed only a little over the past 3 months, but the US dollar has become much more expensive because of the oil situation. Remember the dollar:btc exchange rate has TWO variables, not one!
hero member
Activity: 518
Merit: 500
Trust me!
April 30, 2015, 07:40:10 AM
#55
Three months later I think the depression is here for the most part price wise, fundamentally still waiting on the stability from merchant adoption and selling to balance out at a price level.

It's certainly interesting to see whether we're now finally at a turning point. Until now the pattern since the beginning of January unfortunately also matches the typical pre-drop pattern, so we're not safe yet. Today we seem to have left the small downwards channel of April, which makes me cautiously optimistic.
legendary
Activity: 1400
Merit: 1001
April 30, 2015, 04:35:52 AM
#54
Does bitcoin fall in 2015 or in the next years to come? Probably no, because there are too many rich interests standing ready to throw good money to rescue the cryptocurrency experiment, thus preventing an outright or dramatic collapse. But I know for sure that  the chances of bitcoin, the most popular of cryptocurrencies, making it as a mainstream currency are now zero.
AGD
legendary
Activity: 2070
Merit: 1164
Keeper of the Private Key
April 30, 2015, 03:13:28 AM
#53
but... it is good for my post count, too, when I can not only dodge the troll bullets, baby, but I can reverse them on the troll.
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
April 30, 2015, 02:44:58 AM
#52
Just stop posting here pls and let this thread go away. It s obvious he s trolling and we are just feeding this.
hero member
Activity: 700
Merit: 500
April 30, 2015, 02:41:09 AM
#51

this is funny, the only difference is that back then there weren't so many trolls(newbie member) like now, all i see in those old thread are hero or legendary members
Maybe a member status should be required to post a new thread in this sub, it would cut down on the troll "Bitcoin is done" post.

Well there is always the thought that there are good newbies among them, but it's these spoiled ones that make the whole rank stink.
Three months later I think the depression is here for the most part price wise, fundamentally still waiting on the stability from merchant adoption and selling to balance out at a price level.
AGD
legendary
Activity: 2070
Merit: 1164
Keeper of the Private Key
April 30, 2015, 02:04:47 AM
#50
*yawn* I jus wok up guys, wait ... f ... is Bitcoin really dead now? Damn...

still alive and kicking, the last dump crashed the market only by a small %, you can't call that a crash

phew

edit:

legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
April 30, 2015, 01:21:43 AM
#49
I come back after three months to see if bitcoiners had given up and gotten jobs yet, here is bitcoin news summary of the three months:

1. No news (other than bad)

2. Lot's of news (none good)

3. Scams, wasteful and inefficient mine losses continue as they always do, and always will until zero. There is not even a point enumerating them, like counting cavities in a meth mouth

4. bitcoin remains confined largely to darknet uses such as child pornography, drug and weapons sales and human trafficking funds for ISIS

5. The vast majority of people (99.99%) when asked, "do you bitcoin?" respond "huh?" whereas the remaining: "yes that's an obvious fraud" (0.009%) or "yes I have been defrauded" (0.0009%) or "yes I am a Chinese/Ukrainian/Silicon Valley hacker that defrauds with bitcoin" (0.0001%).

Let's see...forgetting something...oh yes, price is 10% lower. Cheers!  Grin

Obvious troll.  I wonder why the mods aren't temp banning him to discourage these types of behavior.  Time to improve the quality of this forum.

I have to admit, I did my share of trolling when I got bored and got away with it.  But if I was temp banned for a few days, it will discourage me from doing so.

Nah, it will not work.... These trolls/shills hide behind newbie accounts, so they have nothing to loose. I believe in freedom of speech, and it's actually fun to proof these guys wrong.

They disappear into their caves, when the price of Bitcoin increase anyways.  Tongue

Someone should just track and expose them in public, and make a fool of them... Anyone?

I'm thinking more about the state of the quality of this forum.  It's really low because of these trolls, sockpuppets and shills hiding behind newbie accounts.  Or does Theymos all care about  is the forum's activity not the quality...?
legendary
Activity: 3248
Merit: 1070
April 30, 2015, 01:19:53 AM
#48
*yawn* I jus wok up guys, wait ... f ... is Bitcoin really dead now? Damn...

still alive and kicking, the last dump crashed the market only by a small %, you can't call that a crash
legendary
Activity: 1904
Merit: 1074
April 30, 2015, 01:13:25 AM
#47
I come back after three months to see if bitcoiners had given up and gotten jobs yet, here is bitcoin news summary of the three months:

1. No news (other than bad)

2. Lot's of news (none good)

3. Scams, wasteful and inefficient mine losses continue as they always do, and always will until zero. There is not even a point enumerating them, like counting cavities in a meth mouth

4. bitcoin remains confined largely to darknet uses such as child pornography, drug and weapons sales and human trafficking funds for ISIS

5. The vast majority of people (99.99%) when asked, "do you bitcoin?" respond "huh?" whereas the remaining: "yes that's an obvious fraud" (0.009%) or "yes I have been defrauded" (0.0009%) or "yes I am a Chinese/Ukrainian/Silicon Valley hacker that defrauds with bitcoin" (0.0001%).

Let's see...forgetting something...oh yes, price is 10% lower. Cheers!  Grin

Obvious troll.  I wonder why the mods aren't temp banning him to discourage these types of behavior.  Time to improve the quality of this forum.

I have to admit, I did my share of trolling when I got bored and got away with it.  But if I was temp banned for a few days, it will discourage me from doing so.

Nah, it will not work.... These trolls/shills hide behind newbie accounts, so they have nothing to loose. I believe in freedom of speech, and it's actually fun to proof these guys wrong.

They disappear into their caves, when the price of Bitcoin increase anyways.  Tongue

Someone should just track and expose them in public, and make a fool of them... Anyone?
AGD
legendary
Activity: 2070
Merit: 1164
Keeper of the Private Key
April 30, 2015, 01:12:06 AM
#46
*yawn* I jus wok up guys, wait ... f ... is Bitcoin really dead now? Damn...
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
April 30, 2015, 12:29:03 AM
#45
I come back after three months to see if bitcoiners had given up and gotten jobs yet, here is bitcoin news summary of the three months:

1. No news (other than bad)

2. Lot's of news (none good)

3. Scams, wasteful and inefficient mine losses continue as they always do, and always will until zero. There is not even a point enumerating them, like counting cavities in a meth mouth

4. bitcoin remains confined largely to darknet uses such as child pornography, drug and weapons sales and human trafficking funds for ISIS

5. The vast majority of people (99.99%) when asked, "do you bitcoin?" respond "huh?" whereas the remaining: "yes that's an obvious fraud" (0.009%) or "yes I have been defrauded" (0.0009%) or "yes I am a Chinese/Ukrainian/Silicon Valley hacker that defrauds with bitcoin" (0.0001%).

Let's see...forgetting something...oh yes, price is 10% lower. Cheers!  Grin

Obvious troll.  I wonder why the mods aren't temp banning him to discourage these types of behavior.  Time to improve the quality of this forum.

I have to admit, I did my share of trolling when I got bored and got away with it.  But if I was temp banned for a few days, it will discourage me from doing so.
member
Activity: 70
Merit: 10
April 30, 2015, 12:21:42 AM
#44
Bitcoin was already 5-6 years in the making and someone like you telling us that it was done. Dude, don't map your brain in here.
hero member
Activity: 714
Merit: 500
April 29, 2015, 09:21:30 PM
#43
I'm under the slight impression that this is just another thread where someone is doing his/her best in convincing no one but themselves that getting invested in Bitcoin is a bad idea. Well, no one is forcing you to invest into it Smiley Others like to, actually Smiley

That, or they're making themselves feel better after losing it all...  Wink


Ha, yeah! It basically boils down to the same thing, actually. It's a sort of confirmation bias, where people reason in a way to support their own opinion. In this situation he/she either lost their holdings somehow, maybe unable to get back in, or maybe sold them out of fear and is now convincing themselves that it is better to stay out. Or, well, they think Bitcoin is interesting, but they're too afraid to actually invest some money.

Here's a great reason to stay out: an ever-falling price.

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