Topic: You don't have to buy a whole Bitcoin! You can buy partial! - page 2. (Read 25214 times)
Some of you guys are worse than a pump and dump penny stock thread. The fact is that there are only a finite amount of Bitcoins remaining. 21 million is not a lot. Actually it is microscopic. The price of Bitcoin will continue its meteoric rise.
I have no problem with spreading the gospel about bitcoins, but I would discourage anyone from trading for them during a bull run like this. What I primarily have a problem with is their valuation; there`s no reason they should be this expensive, to the point where people should be considering buying partial coins because a full coin is too much. I think its great for people to become a part of it, but it shouldn`t be an issue of, "Hurry up before you miss the gravy train to the moon!" etc.
Yes, I wanted bitcoin to work, but not anymore. Aside from buying a subway sandwich in Pennsylvania, there`s very little that can be purchased with bitcoins at present. And this gives them a value of $700 a pop? It`s ridiculous, and anyone who fails to recognize that is delusional. Until bitcoin can actually build the infrastructure and means to warrant high values and mass adoption, investment is a high risk gamble that will pay off handsomely for few and result in many getting burned. I wanted bitcoin to succeed, but as a currency and not a high ROI speculation vehicle.
I agree; it would be great to see Bitcoin make it as a popular currency.
However, I don't believe swearing off it and never telling anyone about it will help merchants to adopt it, which is the only way to make it a currency. This is exactly the reason why it's still a speculative vehicle, if I can be blunt.
You both miss the point entirely. This is the perfect example of a pyramid scheme in action. As early adopters, we all had the chance to buy several coins, but now its our duty to convince others they can still get in on the action, even if they can`t buy a full coin?
It`s just a shameless effort to profit off the backs of others. For a group of people who largely consider themselves freedom fighters against the scurge of bankers and government regulators, you are all beginning to sound like you`ve found good company. Makes me sick... I did not get into bitcoins to profit off of others via investment schemes. I wanted to see bitcoin succeed. But alas, human nature is a strong force to reckon with.
It`s just a shameless effort to profit off the backs of others. For a group of people who largely consider themselves freedom fighters against the scurge of bankers and government regulators, you are all beginning to sound like you`ve found good company. Makes me sick... I did not get into bitcoins to profit off of others via investment schemes. I wanted to see bitcoin succeed. But alas, human nature is a strong force to reckon with.
You're very confusing; do you want Bitcoin to succeed or don't you? I don't see any scenario in which Bitcoin "succeeds" and isn't worth a huge amount of wealth for each. There is no technology which will fix that divide between the poor and the rich, and I'm sorry you falsely believed this could be possible.
And for the record, I'm not a freedom fighter; what does a firefighter do?
Yes, I wanted bitcoin to work, but not anymore. Aside from buying a subway sandwich in Pennsylvania, there`s very little that can be purchased with bitcoins at present. And this gives them a value of $700 a pop? It`s ridiculous, and anyone who fails to recognize that is delusional. Until bitcoin can actually build the infrastructure and means to warrant high values and mass adoption, investment is a high risk gamble that will pay off handsomely for few and result in many getting burned. I wanted bitcoin to succeed, but as a currency and not a high ROI speculation vehicle.
You both miss the point entirely. This is the perfect example of a pyramid scheme in action. As early adopters, we all had the chance to buy several coins, but now its our duty to convince others they can still get in on the action, even if they can`t buy a full coin?
It`s just a shameless effort to profit off the backs of others. For a group of people who largely consider themselves freedom fighters against the scurge of bankers and government regulators, you are all beginning to sound like you`ve found good company. Makes me sick... I did not get into bitcoins to profit off of others via investment schemes. I wanted to see bitcoin succeed. But alas, human nature is a strong force to reckon with.
It`s just a shameless effort to profit off the backs of others. For a group of people who largely consider themselves freedom fighters against the scurge of bankers and government regulators, you are all beginning to sound like you`ve found good company. Makes me sick... I did not get into bitcoins to profit off of others via investment schemes. I wanted to see bitcoin succeed. But alas, human nature is a strong force to reckon with.
You're very confusing; do you want Bitcoin to succeed or don't you? I don't see any scenario in which Bitcoin "succeeds" and isn't worth a huge amount of wealth for each. There is no technology which will fix that divide between the poor and the rich, and I'm sorry you falsely believed this could be possible.
And for the record, I'm not a freedom fighter; what does a firefighter do?
You both miss the point entirely. This is the perfect example of a pyramid scheme in action. As early adopters, we all had the chance to buy several coins, but now its our duty to convince others they can still get in on the action, even if they can`t buy a full coin?
It`s just a shameless effort to profit off the backs of others. For a group of people who largely consider themselves freedom fighters against the scurge of bankers and government regulators, you are all beginning to sound like you`ve found good company. Makes me sick... I did not get into bitcoins to profit off of others via investment schemes. I wanted to see bitcoin succeed. But alas, human nature is a strong force to reckon with.
It`s just a shameless effort to profit off the backs of others. For a group of people who largely consider themselves freedom fighters against the scurge of bankers and government regulators, you are all beginning to sound like you`ve found good company. Makes me sick... I did not get into bitcoins to profit off of others via investment schemes. I wanted to see bitcoin succeed. But alas, human nature is a strong force to reckon with.
Who is forcing who to buy bitcoin? Who is setting the value of bitcoin?
Bitcoin can hardly be considered a true currency, right now its a hot ticket for wild eyed speculators who hope to strike it rich. Its a zero sum game, and the majority will be left holding the bag when all is said and done. I consider it nothing short of reckless to advocate to my friends and family to invest in such a pyramid scheme, and will not be encouraging anyone to buy in.. even if they cant afford a full coin. What a joke.
Maybe we should rename 1.0 Bitcoin - call it "one ounce of Bitcoin."
Or kilograms if you prefer. (I'll concede the superiority of the metric system.)
Or kilograms if you prefer. (I'll concede the superiority of the metric system.)
You both miss the point entirely. This is the perfect example of a pyramid scheme in action. As early adopters, we all had the chance to buy several coins, but now its our duty to convince others they can still get in on the action, even if they can`t buy a full coin?
It`s just a shameless effort to profit off the backs of others. For a group of people who largely consider themselves freedom fighters against the scurge of bankers and government regulators, you are all beginning to sound like you`ve found good company. Makes me sick... I did not get into bitcoins to profit off of others via investment schemes. I wanted to see bitcoin succeed. But alas, human nature is a strong force to reckon with.
It`s just a shameless effort to profit off the backs of others. For a group of people who largely consider themselves freedom fighters against the scurge of bankers and government regulators, you are all beginning to sound like you`ve found good company. Makes me sick... I did not get into bitcoins to profit off of others via investment schemes. I wanted to see bitcoin succeed. But alas, human nature is a strong force to reckon with.
Who is forcing who to buy bitcoin? Who is setting the value of bitcoin?
Good.
People who don't even unterstand the basics of bitcoin should probably not invest in the first place.
A large influx of naive investors, who don't get the concepts behind bitcoin and only buy because "the price is going up", could be very damaging at this stage.
They are going to become panic sellers at the slightest sign of trouble, and we are going to see yet another massive crash.
Growth is good but it should be gradual and organic.
People who don't even unterstand the basics of bitcoin should probably not invest in the first place.
A large influx of naive investors, who don't get the concepts behind bitcoin and only buy because "the price is going up", could be very damaging at this stage.
They are going to become panic sellers at the slightest sign of trouble, and we are going to see yet another massive crash.
Growth is good but it should be gradual and organic.
Everything happening to bitcoin is organic including people wanting to make a fast profit and leave. Just remember this experiment will face many many threats until the last bitcoin is mined, more than a century from now.
Forget the scale of your own mortality and think in decades instead of days then you'll see that even if bitcoin goes down to 10 bux it will not matter as of now if the code is not compromised.
You both miss the point entirely. This is the perfect example of a pyramid scheme in action. As early adopters, we all had the chance to buy several coins, but now its our duty to convince others they can still get in on the action, even if they can`t buy a full coin?
It`s just a shameless effort to profit off the backs of others. For a group of people who largely consider themselves freedom fighters against the scurge of bankers and government regulators, you are all beginning to sound like you`ve found good company. Makes me sick... I did not get into bitcoins to profit off of others via investment schemes. I wanted to see bitcoin succeed. But alas, human nature is a strong force to reckon with.
It`s just a shameless effort to profit off the backs of others. For a group of people who largely consider themselves freedom fighters against the scurge of bankers and government regulators, you are all beginning to sound like you`ve found good company. Makes me sick... I did not get into bitcoins to profit off of others via investment schemes. I wanted to see bitcoin succeed. But alas, human nature is a strong force to reckon with.
It's insane, the mental block behind buying partial bitcoin.
Here I am telling people at 14$ a BTC to get in on it, and then it jumps in price and they say it's too expensive. I agreed with them.
What stopped me from buying partial bitcoin?? I knew I could, but the constant idea running rampant in my mind was that I had to get a whole bitcoin or more for it to mean anything.
What a silly thought.
Here I am telling people at 14$ a BTC to get in on it, and then it jumps in price and they say it's too expensive. I agreed with them.
What stopped me from buying partial bitcoin?? I knew I could, but the constant idea running rampant in my mind was that I had to get a whole bitcoin or more for it to mean anything.
What a silly thought.
I crossed that when the price hit $30 the first time this year. I was all for buying a Bitcoin at $20, but that week I couldn't quite do $30. Then I realized - and if you read my posts from back then you see I quit talking about "Bitcoins" and started posting things like "0.8 Bitcoin".
Anyway, no need to do anything - the market will reward those who take advantage of this fact, which will help the information propagate.
This sounds so elitist. Its like a Wall Street banker telling someone, "What, you cant afford a new Lexus? Look on the bright side! At least you can still buy the match box car version."
Of course people realize they can buy partial coins, but the point is they dont want to, because they can see where this is headed.
Of course people realize they can buy partial coins, but the point is they dont want to, because they can see where this is headed.
You're making assumptions; this is a grave error, and it's simple to see why. I have met people who are under the impression you cannot purchase a fraction of a bitcoin, only the whole thing, and so we should make people aware that you don't have to buy an entire one if you're hoping to buy.
The second error is comparing something divisible like a currency to a car; I'd call this apples and oranges, but at least those are still fruit.
This sounds so elitist. Its like a Wall Street banker telling someone, "What, you cant afford a new Lexus? Look on the bright side! At least you can still buy the match box car version."
Of course people realize they can buy partial coins, but the point is they dont want to, because they can see where this is headed.
No they dont realize it.Of course people realize they can buy partial coins, but the point is they dont want to, because they can see where this is headed.
Apparently you don't talk to the general public much.
I do.
Three people in the last 2 days have said they can't invest in bitcoin because its too expensive at $500.
I put that in my original post above. Guess you missed it. Or thought I was making it up.
The public does not understand this. Not everyone hangs out on bitcointalk.org ...
This sounds so elitist. Its like a Wall Street banker telling someone, "What, you cant afford a new Lexus? Look on the bright side! At least you can still buy the match box car version."
Of course people realize they can buy partial coins, but the point is they dont want to, because they can see where this is headed.
Of course people realize they can buy partial coins, but the point is they dont want to, because they can see where this is headed.
Just tell that bitcoin is like gold and that one bitcoin is like one kilogram, because it was needed a "unit of weight" - so to speak.
You can buy any amount you want up pretty much like with gold. Bitcoin is something like digital gold that exists in the cloud associated with bitcoin addresses that someone may be in control of.
I think it is better to say "to get to control a bitcoin address" than to say "to create a bitcoin address".
You can buy any amount you want up pretty much like with gold. Bitcoin is something like digital gold that exists in the cloud associated with bitcoin addresses that someone may be in control of.
I think it is better to say "to get to control a bitcoin address" than to say "to create a bitcoin address".
If they cant even do enough research to understand easy things like that there is no hope for them to keep their coins secure or really be able to do anything with their bitcoins, so it's not a huge loss to the community.
I tell people that they should ignore the price of bitcoin and look at the investment as you would a stock or commodity. I don't look at gold and say, well it's not an OZ of gold so it's not worthwhile or look at appl and say well if I can't buy 100 shares it's not gonna happen. Just look at the value of the investment in dollars, besides its what most people can relate to anyway. It matters not how much you buy if it goes up another 3000%, your investment converted to dollars also goes up 3000%.
Good.
People who don't even unterstand the basics of bitcoin should probably not invest in the first place.
A large influx of naive investors, who don't get the concepts behind bitcoin and only buy because "the price is going up", could be very damaging at this stage.
They are going to become panic sellers at the slightest sign of trouble, and we are going to see yet another massive crash.
Growth is good but it should be gradual and organic.
People who don't even unterstand the basics of bitcoin should probably not invest in the first place.
A large influx of naive investors, who don't get the concepts behind bitcoin and only buy because "the price is going up", could be very damaging at this stage.
They are going to become panic sellers at the slightest sign of trouble, and we are going to see yet another massive crash.
Growth is good but it should be gradual and organic.
What is bad about that?
Am I the only one hoping for a crash?
Let those morons panic, get their asses kicked and then open up the door for people like me to stockpile. Bring it on.
It's insane, the mental block behind buying partial bitcoin.
Here I am telling people at 14$ a BTC to get in on it, and then it jumps in price and they say it's too expensive. I agreed with them.
What stopped me from buying partial bitcoin?? I knew I could, but the constant idea running rampant in my mind was that I had to get a whole bitcoin or more for it to mean anything.
What a silly thought.
Here I am telling people at 14$ a BTC to get in on it, and then it jumps in price and they say it's too expensive. I agreed with them.
What stopped me from buying partial bitcoin?? I knew I could, but the constant idea running rampant in my mind was that I had to get a whole bitcoin or more for it to mean anything.
What a silly thought.
People think of if in terms of tangibles.
People don't want to buy a tenth of a bag of potato chips.
It's insane, the mental block behind buying partial bitcoin.
Here I am telling people at 14$ a BTC to get in on it, and then it jumps in price and they say it's too expensive. I agreed with them.
What stopped me from buying partial bitcoin?? I knew I could, but the constant idea running rampant in my mind was that I had to get a whole bitcoin or more for it to mean anything.
What a silly thought.
Here I am telling people at 14$ a BTC to get in on it, and then it jumps in price and they say it's too expensive. I agreed with them.
What stopped me from buying partial bitcoin?? I knew I could, but the constant idea running rampant in my mind was that I had to get a whole bitcoin or more for it to mean anything.
What a silly thought.
Jump to: