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Author Topic: Be that guy  (Read 4814 times)
MrBig
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October 31, 2014, 04:44:43 AM
 #61

I don't care about the price of btc in 25 years. Technological innovation happens fast, and it's only a matter of time before btc is dethroned by one or more superior cryptos.

Are you shorting Bitcoin right now?


https://www.bitfinex.com/
https://icbit.se/


If not , why not?

No I am not because I do not trust these centralized exchanges.
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inBitweTrust
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October 31, 2014, 04:56:50 AM
 #62

No I am not because I do not trust these centralized exchanges.

Do you trust any existing exchange? Are you waiting for decentralized exchanges for providing this feature to short Bitcoin?

DieJohnny (OP)
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October 31, 2014, 04:58:16 AM
 #63

I don't care about the price of btc in 25 years. Technological innovation happens fast, and it's only a matter of time before btc is dethroned by one or more superior cryptos.

Are you shorting Bitcoin right now?


https://www.bitfinex.com/
https://icbit.se/


If not , why not?

Definitely not shorting Bitcoin, but I have no expectation that it is going up. My goal is to collect Bitcoin at prices I am comfortable with. I have done ok in the past year (growing my bitcoin stash), but not close to what i was hoping.

As for another crypto taking over this is right now a fantasy of the nerds. First, by saying something like an anonymous coin is going to create a winnning formula over bitcoin implies that Bitcoin is failing to gain adoption because of lack of anonymity, or speed, or whatever you techno blable brain can come up with. The masses of users don't care about any of the "missing" features of bitcoin.

Look at what has happened to every alt coin that has come along in the past year, they are all pathetic little nits hidden in the shadow of the mighty bitcoin. All follow the same pattern. Feathercoin, DarkCoin, Monero, DogeCoin, even litecoin, just dreaming they could sustain what bitcoin has. Bitcoin is currently down 70% from highs, all the rest have peaked and crashed long after Bitcoin did, and crashed 90% or more. There will be an endless number of magic coins, the more there are the better case Bitcoin will have.

Will an alt be around in 5 years that is anywhere close to bitcoin, maybe just one or two, what are the chances you pick the right one of those? pretty damn small.

I have no plans to be rich this year or next, only to collect as many coins as I can. If i get rich, great, if I don't oh well. i have lost more money in the stock market in the last ten years than i have invested in Bitcoin.


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BootstrapCoinDev
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November 01, 2014, 03:21:45 PM
 #64

I don't care about the price of btc in 25 years. Technological innovation happens fast, and it's only a matter of time before btc is dethroned by one or more superior cryptos.

Are you shorting Bitcoin right now?


https://www.bitfinex.com/
https://icbit.se/


If not , why not?

No I am not because I do not trust these centralized exchanges.
Use bitfinex. I've been quite satisfied with it.
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