Bitcoin Forum

1. Depending on how it plays out,  it's not guaranteed that the price will rise. It might collapse instead.

2. Bitcoin is a high tech payment network with hundreds of use cases.  Restricting it to this one use case of capital flight is pretty narrow minded and an insult to bitcoin. A real bull would want bitcoin to succeed in its own merits.

3. The price would be much higher if bitcoin went mainstream in a thriving economy with government approval, rather than a negative environment with no spending and only storage. Things would be growing,  and money would circulate hundreds of times faster.

4. In the case of hyperinflation, the prices of goods is rising in tandem with the bitcoin rise and your actual wealth in terms of what goods you can buy isn't rising as much,  if there is even a supply at all.  Meanwhile your neighbors are suffering and starving.  Heck,  you might just starve too.

5. You want to live in a negative and harsh world,  where everyone is unhappy and there isn't even anything fun to spend your coins on... If you can even find places to spend them because they're probably illegal. Nobodies quality of life is going up,  not even yours.  For any advantage due to your bitcoin wealth,  there is an equal and opposite disadvantage.

6. If people get wind of your wealth,  they will hate you and your life is in danger. 

7. You literally want billions of people to suffer just so you can make a profit.  You're just like the capitalist pigs and the government and are against all the values that bitcoin stands for.  You are despicable.

Go hope for something more productive because you might just get what you wish for.

collapse ?

oh please ... http://imagizer.imageshack.us/a/img631/4035/xPdQcG.gif

http://imagizer.imageshack.us/a/img910/5527/w3LLnq.png

Please stay on topic.  This thread is not to actually speculate the price.  I guess I should have chosen another sub.

Some of us are just here to make money.

I'm well aware that 98% of you are here just to make a profit but you don't have to,  and shouldn't,  hope for an economic collapse that harms billions of people (and yourself) to do so.  Read all the points.

Screw you hippie.

+1 Great post!

I'll add that in a world of economic collapse, there may not even be an internet or a power grid. Bitcoins will be the least of your worries and worthless.

I agree with pretty much everything you wrote, and this is the same stuff that the precious metals crowd endures.  Guys like Schiff and the rest have been predicting economic armageddon for years and are still arguing for $500 silver and $10,000 gold.  It never ends. 

I'd like some price appreciation but not at the expense of everyone else.

You people talk like you have any kind of power to alter the global economy. How do you get that fucking delusional.

If you're hoping for economic disaster, you're probably an asshole. :)

Or very K-selected.

The current system doesn't work. It is going to collapse, likely starting to come to a head around 2020. The longer it takes the worse it will be, so the sooner it happens the better. Hopes and wants have nothing to do with it, it is simply cause and effect.

*so the sooner it happens the better* you watch stephen molynox?

Is that right?  :o


A high tech payment network capable of supporting a giant 4 transaction seconds. Please.

Who made you the high magistrate of the holy court of real bulls? Who the hell am I answering to here but if not for a Speculation forum failed chartist?

Bitcoin is the plan B. Capital flight is not narrow minded it is the cause of its existence. Satoshi created it to save us from debased currencies. Now the rate and means by which you choose to escape is only determined by the individual users. Some call it speculation, some call it store of value, alternative currency. All of this is the creation of an economy that works, a matter of fact, outside of the current financial system.

This sort of reflexion stems from the persistent egocentrism found amount "high tech payment network" derps.


Mainstream products with government approval is exactly what Bitcoin stands to deprecate. "No spending and only storage" is often referred to as savings which is the financial responsible things to do in a deflationary economy. A fantastic remedy to the consumerism disease.

What you're effectively trying to do is stick inflationary fiat bullshit on top of Bitcoin. It won't work.

I do like chaos (duh) but hoping for a collapse in order to enrich myself would put me in the same category as war-mongers/profiteers so no thanks.

I do not hope for a collapse but think it is inevitable and thus try to protect myself by holding gold, silver and bitcoin.

The best protection are useful skills and a network of people you can trust.

If he said it then he may be almost as smart as me.

If you think rational, you have to expect a collapse. The system can't recover anymore.

Hoping or wanting doesn't matter.

The sooner it happens, the less it will harm people. (Like in greece, it would have been better to crash 2015 instead of around 2020-2030)

The original post is a false premise.  You can't get rid of the Zionist, slave plantation status quo without collapsing the status quo.  Does anyone like the status quo?  No, not really.

https://media4.giphy.com/media/DQs29VKi7atQk/200_s.gif

Youre attaching another premise before my premise , that I believe there is a "zionist slave plantation" and that I'm in a mission to get rid of it.  Then you also make the assumption that in order for there to be an improvement,  there MUST be a collapse.

TERA, I'm not sure if you are aware of Christan fundamentalism in the United States and it's role in conservative and libertarian ideology.

There is a huge sub-culture which is essentially a doomsday cult inspired by the biblical Armageddon. The point here is that some large fraction of that cult doesn't take the text literally, instead they look for alternative "modern day" equivalents. This is especially the case with Libertarians who might not even admit to or be consciously aware of their religiously and culturally influenced bias.
You are probably aware of Zero "Batshit Insane" Hedge (http://rationalwiki.org/wiki/Zero_Hedge) who has been doing what TV-Evangelists do only for financial collapse which will surely happen next Tuesday.

I think most people who follow this just get a thrill out of this sort of thing because their life isn't exciting enough and they've seen too many movies, or they have personal issues in which they feel hopeless of ever having a good career.

I am fairly certain it is going to rise in the currency collapse scenario.


Yeah, yeah. I do want it to succeed on its own merits, and I also want my dollar collapse.


I see government collapse as an extremely positive scenario for the economy, longer term. This is based on my experience surviving the collapse of the USSR.
Economies don't thrive with government approval, they thrive despite of the government.


This would be very unfortunate, yes. However, it is also inevitable, and the sooner it happens, the less suffering it is going to inflict on the people.


Nope, I have no intention of staying in a collapsing country. I'll find a place where it's going to be relatively calm.


True, so I won't be showing off too much, and would find a hobby which benefits my local community.


"Capitalist pig" is a compliment. It means I am non-violent, and one with nature.
No, I do not want any people to suffer, but that is irrelevant. The people are going to suffer regardless, and the sooner this government Ponzi collapses, the sooner they switch to Bitcoin, the less they are going to suffer.

Yeah, sure. With 1 MB blocks ? Bitcoin is not ready for prime time (yet).

+1 Trillion

For scalability, it doesn't matter if the collapse happened tomorrow, there's such a thing called off-chain transactions.  Bitcoin would just be integrated with things like the debit card system with the quickness, then a year or two down the road, things like the Lightning Network, Bitcoin-NG, etc, would solve the rest of those problems where off-chain transactions aren't needed.

Thanks, nice post! I'm not hoping for things, just trying to tell which way the wind is blowing and planning accordingly. More specifically:

Yup, maybe. I have a FAZ hedge for that.

I don't want it to be restricted, but that seems to be the dominant use driving the price at the moment. It's certainly not suited to ubiquitous micro-payments in its current form.

Indeed. I'm not actually that concerned about the price, I'm just more relaxed about money since owning bitcoin, especially since the global banking system has been bankrupt since 2008, if not long before. Since we're talking about "hope", I do hope that open source money helps the world economy start to actually recover, rather than just looking like it's growing through governments rapidly printing money and pumping up the share price of failed businesses. But hope is cheap ;)

During periods of hyperinflation money actually flows to assets and goods which keep their value, so demand for bitcoin would probably go up and it's value relative to assets would probably rise quite a bit. I guess we'll find out at some point whether this actually happens or not. I also have a hedge of growing vegetables, which aren't particularly influenced by markets. Hopefully I can offer my neighbours tasty soup.

I this a paraphrased quote from the book of revelations?

Yeah, look at all those billionaire bankers getting lynched! Or, sorry, no, they're just fine.

Yup, people actually longing for disaster to profit should really just get a job at Goldman Sachs and do it professionally. Planning for the inevitable is fair, though, eh?

I hope you have a love evening, sir!

i'm not sure an economic disaster will raise the price

Wow, r/K selection theory on bitcointalk.

I got involved in bitcoin because I believed it has the capability to make the world a more free and fair place. That makes it psychologically easy to hold indefinitely.

a society led by k-selected individuals is ideal, but we have so many r-folks and single mothers with 8 year old kids who will have a very difficult time in the transition period

I don't hope for difficult times, I just think that it is likely to happen soon (many red flags everywhere lately). Better save some bitcoins aside.

It already did collapse, just takes a while to sink after hitting the iceberg.

You're forgetting that Bitcoin and it's healthy economy can really shine only if worldwide fiat fraud is demasked in the eyes of regular population, and if it starts shrinking. It's like healthy tissue is eating the cancer of our society and it's sad and hard for majority of population but it seems like financial collapse is needed so we can live better finally... Or maybe, revolution will be slow and last 100 years.

well bitcoin must sucks money from something else, the value increase because many are dumping fiat for bitcoin, this mean that fiat is declining everytime we have a bitoin increase, the depreciation is very small now

you will not notice it, but with a greater marketcap(say in the range of trillions), it will be more evident...but they can always print more fiat, which will only feed bitcoin in the remote case it will be accepted widely, so substantially the governments will feeds bitcoin via printing, it will be fun...

I get the sentiment behind your post, OP. The doomsday prepper goldbug antisemites infesting crypto can go suck a fat one in my pretend humble opinion.

spiderbrain's got a point as well though: don't confuse preparing for crisis with wishing for crisis.

Maybe the two ideas are difficult to separate entirely, but you can pretty clearly tell who falls into which camp, even by a cursory glance into this thread.

If being "mainstream with government approval" were such a good thing, there would be no need of any cryptocoin.

I feel the same way OP! I definitely don't wish for any kind of disaster to happen in order for us to grow! We will all lose much more if any disaster strucks than what we will gain if Bitcoin was to increase in such circumstances!

I mean you can't convert everything you have in Bitcoin. Your possessions, cars, houses, retirement funds, etc. All of this would lose enormously even if you move all of your savings into Bitcoin!

You got it backwards far leftist dirtbag.  It is you that needs to stop being racist against Caucasians, Asians, and all others.  Just like when you inflate a stock too much before it explodes, we've reached peaked leftism and your propaganda doesn't work anymore and is coming crashing down.  There is no global problem in banking fraud and media propaganda due to so called "anti-semites".  When you turn on the news at night, there are no stock markets being crashed or wars being created by "anti-semites".  Those problems are caused by an anti-caucasian, anti-asian, anti-everything, ethnocentric, racial supremacist mafia called Zionist Judaism:

The Usual suspects

Robert B. Zoellick(Ashkenazi Jew) – President, The World Bank

Dominique Strauss-Kahn(Ashkenazi Jew) – Managing Director, International Monetary Fund (IMF)

John Lipsky(Ashkenazi Jew) – First Deputy Managing Director, International Monetary Fund (IMF)

Janet Yellen(Ashkenazi Jews) – Chairman of the Board of Governors of the U.S. Federal Reserve Banking System.

Lloyd Blankfein: CEO of Goldman Sachs Bank of NY. Goldman Sachs is one of the owners of the Federal Reserve Bank consortium, made up of 8 banks, the House of Rothschild being the principal owner.

Harvey Krueger: Chairman of Lehman Brothers Bank of NY. Lehman Brothers is also one of the owners of the Federal Reserve Bank consortium.

Ben S. Bernanke(Ashkenazi Jew) – Former Chairman of the Board of Governors of the U.S. Federal Reserve Banking System.

William C. Dudley(Ashkenazi Jew) – President and Chief Executive Officer, Federal Reserve Bank of New York.

Lee C. Bollinger(Ashkenazi Jew) – Chairman, Board of Directors, Federal Reserve Bank of New York.

Fred P. Hochberg (Ashkenazi Jew) – Chairman and President, Export-Import Bank of the United States

...too many more to even list

https://i.imgur.com/3vb3Xen.jpg

^ You and your antisemitic clown posse really need to learn to distinguish Ashkenazi names with a Germanic root from Christian German names. I mean, it's not as if your theories aren't dumb enough conjecture wise, they're also full of trivial factual details.

I'm glad there are people here who can express themselves so sensibly. I was just going to call him an asshole. :-[

Once again, you're pushing your fraudulent lie that anyone who refuses to be oppressed by an ethnocentric mafia in media and banking is an "anti-semite", when it is the people who control these positions of power who are anti-caucasian, anti-asian, anti-everyone else.  You are the real racist, not the people who attempt to defend themselves from slavery.  Zionist Judaism is an ethnocentric, racial supremacist cult identical to the Nazis.  You support Zionist Judaism, therefore you are a Nazi.

You think Bitcoin's only feature is to subvert the government?  Maybe you should read the white paper on Bitcoin and learn more about its functionality...  micropayments, digital contracts,  anti double spending,  security,  overhead cost savings,  just to name a few.

Namecalling aside, it is curious that jews have a thousands of years long history of being kicked out of their host countries.

Since the Babylonian exile Jews have done what humans do best, they scatter in order to survive. If we have any future on what is becoming an increasingly inhospitable planet I imagine this is an important lesson.

Exactly what are you trying to say? Speak plainly.

Exactly what are you trying to say?