Bitcoin Forum

Economy => Speculation => Topic started by: pera on July 06, 2013, 02:03:31 AM



Title: Too many new users posting FUD (part XVII)
Post by: pera on July 06, 2013, 02:03:31 AM
It's amazing how so many people are willing to register to Bitcointalk just to come to this subforum to post about the end of Bitcoin™

So tell me new users: what are your reasons? who is paying you?  :D


Title: Re: Too many new users posting FUD (part XVII)
Post by: Maged on July 06, 2013, 02:09:59 AM
The opposite was true was the price was bubbling. That's just how this works. That being said, this is actually a very good sign that we are nearing the bottom. Once it gets a little worse, I'll start re-adjusting my targets that I so far haven't touched since the bubble popped. If we hit my targets before then, all the better.


Title: Re: Too many new users posting FUD (part XVII)
Post by: HappyBitCoinUser on July 06, 2013, 03:43:14 AM
You in denial? This isn't FUD. Its just stating the obvious, BTC is failing.


Title: Re: Too many new users posting FUD (part XVII)
Post by: mufa23 on July 06, 2013, 03:44:45 AM
BTC is failing.
>"BTC is failing"
>HappyBitCoinUser
Something doesn't add up.


Title: Re: Too many new users posting FUD (part XVII)
Post by: humanitee on July 06, 2013, 03:45:41 AM
Manipulators be manipulatin'. I'm with Maged on this one.


Title: Re: Too many new users posting FUD (part XVII)
Post by: tokeweed on July 06, 2013, 03:48:07 AM
It's amazing how so many people are willing to register to Bitcointalk just to come to this subforum to post about the end of Bitcoin™

So tell me new users: what are your reasons? who is paying you?  :D

my reason:  borrowed bitcoins. sold them @ 110+. enjoying watching the crash. waiting for the right price to buy back hoping it is @ single digit levels (highly unlikely but one can hope).


Title: Re: Too many new users posting FUD (part XVII)
Post by: mvidetto on July 06, 2013, 04:48:20 AM
We need to see some capitulation before we see a bottom, but it may have begun in the last 24h as well...


Title: Re: Too many new users posting FUD (part XVII)
Post by: wopwop on July 06, 2013, 06:02:41 AM
It's amazing how so many people are willing to register to Bitcointalk just to come to this subforum to post about the end of Bitcoin™

So tell me new users: what are your reasons? who is paying you?  :D

your mamma is paying us, she wants you to get off your fat ugly bitcoin-chart-obsessed ass


Title: Re: Too many new users posting FUD (part XVII)
Post by: BitcoinAshley on July 06, 2013, 05:04:53 PM
IT depends. "Price is falling... BTC to $30" people aren't FUDding, they're just looking at the markets and saying what's up.

"BTC is over, BTC is dead, BTC is failing, BTC won't last another year, procotol will be breached, BTC is NSA experiment, BTC will be taken over by Ripple or Feathercoin (lol), everyone's losing interest and it will just be a failed experiment a year from now..."
THOSE are the people you should be suspicious of. Those arguments cannot be backed up by any realistic evidence, they simply do not correlate with reality. The price predictions do but at this point, the "Death of BTC" predictions are straight from the loony bin. You don't come to a bitcoin enthusiast forum to talk about how you think BTC will be completely done and over with in 6 months' time. Most of those people don't even bother to come here. They just post stupid comments on Slashdot and Reddit and news articles.
But the folks that come to bitcointalk to do that, well - be suspicious. Either they are really stupid, or they are sock puppets for a disinfo troll with a lot at stake.


Title: Re: Too many new users posting FUD (part XVII)
Post by: IIOII on July 06, 2013, 05:42:57 PM
It's entertaining to see these lightspeed transitions between euphoria and depression.

Bitcoin without drama isn't bitcoin.

So please keep panicking! ;D


Title: Re: Too many new users posting FUD (part XVII)
Post by: PerfectAgent on July 06, 2013, 05:53:33 PM
I've not seen any talk of bitcoin dying, well, except for that gldcoin guy. People are just pointing out that the price is trending down hard, and there's no ignoring that. I'm a long term bull, but I'm gonna shore up on some cheap coins when the price goes down some more.


Title: Re: Too many new users posting FUD (part XVII)
Post by: fulepp on July 06, 2013, 05:56:07 PM
I've not seen any talk of bitcoin dying, well, except for that gldcoin guy. People are just pointing out that the price is trending down hard, and there's no ignoring that. I'm a long term bull, but I'm gonna shore up on some cheap coins when the price goes down some more.
+1

I guess everyone has a magic number....


Title: Re: Too many new users posting FUD (part XVII)
Post by: atomium on July 06, 2013, 08:38:30 PM
it has been steady the past 24 hours since the past couple days, do you think we reached the bottom already


Title: Re: Too many new users posting FUD (part XVII)
Post by: RyNinDaCleM on July 06, 2013, 08:44:55 PM
it has been steady the past 24 hours since the past couple days, do you think we reached the bottom already

Not a chance!
Bottoms occur after a large amount of volume, and will bounce up fast. This is just another consolidation for the next wave down


Title: Re: Too many new users posting FUD (part XVII)
Post by: jamesc760 on July 06, 2013, 08:48:00 PM
We are in the US$65/btc right now. I believe we will be in US$55/btc this time next week.


Title: Re: Too many new users posting FUD (part XVII)
Post by: bitleif on July 06, 2013, 11:06:21 PM
You in denial? This isn't FUD. Its just stating the obvious, BTC is failing.

No, not failing, connects just fine from my end.


Title: Re: Too many new users posting FUD (part XVII)
Post by: samson on July 06, 2013, 11:17:10 PM
You in denial? This isn't FUD. Its just stating the obvious, BTC is failing.

BTC is falling, not failing. It can fall very low but that's not a problem unless you already locked in your losses by holding like a retard from the top.

For those of use who already sold a long time ago and held the USD it's a good thing that the price is falling and it means cheaper BTC are on the way.

There's a big difference between failing and falling, a very big difference.


Title: Re: Too many new users posting FUD (part XVII)
Post by: Ray Anastasio on July 06, 2013, 11:22:40 PM
I'm a new user.  What's FUD?


Title: Re: Too many new users posting FUD (part XVII)
Post by: samson on July 06, 2013, 11:23:48 PM
I'm a new user.  What's FUD?

Fear Uncertainty and Doubt - in other words it's spreading bullshit.


Title: Re: Too many new users posting FUD (part XVII)
Post by: crumbs on July 06, 2013, 11:33:29 PM
Serious question:  When people say "$150+ was unrealistic, obvious bubble, a boil on the face of Bitcoin that had to pop & something something pathos rant...  $30 is the right price!"  Why 30?  Is that a point at which 1BTC matches the combined value of SR?  I'm serious.  What makes 150 "too high" while 30's just right?  Seems pretty random.


Title: Re: Too many new users posting FUD (part XVII)
Post by: PerfectAgent on July 07, 2013, 01:12:26 AM
I think ~$30 was around a bit before the second bubble really started taking off.


Title: Re: Too many new users posting FUD (part XVII)
Post by: Chalkbot on July 07, 2013, 01:31:34 AM
The signal to noise ratio went up so high in this subforum during the bubble-up that I've found very little desire to post much anymore. Just reading any thread, I'm mentally discarding half of the crap that people are spouting on here. The idea of an 11 month long sideways market never got me excited before, but now I feel like it would restore the order in here, and I miss the good ol' days. Nice to be in a position where no matter what happens, I'm going to win.   ;)


Title: Re: Too many new users posting FUD (part XVII)
Post by: manfred on July 07, 2013, 11:43:47 AM
It's amazing how so many people are willing to register to Bitcointalk just to come to this subforum to post about the end of Bitcoin™

So tell me new users: what are your reasons? who is paying you?  :D
New users simply cant understand why the sure thing they invested in to be a millionaire in no time, only get a fraction of the investment now as they need to cash out to pay for bills. So they sign up to bitcointalk and post silly posts.

Quote
I think ~$30 was around a bit before the second bubble really started taking off.
Thinking is better left for the Horses as they have bigger heads. $13 was a staple price for a long time before the mania has set in. $30 is just the high for the 2011 bubble and was passed in a week.


Title: Re: Too many new users posting FUD (part XVII)
Post by: samson on July 07, 2013, 12:55:30 PM
$13 was a staple price for a long time before the mania has set in. $30 is just the high for the 2011 bubble and was passed in a week.

I would consider $13 a full deflation of the current bubble.


Title: Re: Too many new users posting FUD (part XVII)
Post by: crumbs on July 07, 2013, 01:17:21 PM
$13 was a staple price for a long time before the mania has set in. $30 is just the high for the 2011 bubble and was passed in a week.

I would consider $13 a full deflation of the current bubble.

It's probably more complicated... Bubbles all the way down :)

http://www.scientificamerican.com/media/gallery/3CAAB41D-F99D-8F77-C770936D6BA9A399_2.jpg


Title: Re: Too many new users posting FUD (part XVII)
Post by: monkofnothing on July 07, 2013, 02:25:55 PM
$13 was a staple price for a long time before the mania has set in. $30 is just the high for the 2011 bubble and was passed in a week.

I would consider $13 a full deflation of the current bubble.

It's probably more complicated... Bubbles all the way down :)

http://www.scientificamerican.com/media/gallery/3CAAB41D-F99D-8F77-C770936D6BA9A399_2.jpg

I'm in at 13! That would be awesome!


Title: Re: Too many new users posting FUD (part XVII)
Post by: Maged on July 08, 2013, 10:46:10 PM
Serious question:  When people say "$150+ was unrealistic, obvious bubble, a boil on the face of Bitcoin that had to pop & something something pathos rant...  $30 is the right price!"  Why 30?  Is that a point at which 1BTC matches the combined value of SR?  I'm serious.  What makes 150 "too high" while 30's just right?  Seems pretty random.
Think about it this way: Since the start of 2013, how much fundamental growth has occurred? I'd suspect that 100% growth is pretty close. 1000%+, not so much...


Title: Re: Too many new users posting FUD (part XVII)
Post by: bitcon on July 09, 2013, 01:00:53 AM
bitcoin will never be dead as long as blackmarkets and other sites still utilize it.  what causes these fluctuations are ivestors/speculators thinking they can make a quick buck. some have made a quick ROI, others have lost and are getting out thinking it will never recover, so price drops. new investors hear about it, some new whales invests $1-3M on the market and everyone jumps back on ship causing the market to bubble.  those who dont panic and sell for less than they bought will be okay.


Title: Re: Too many new users posting FUD (part XVII)
Post by: crumbs on July 09, 2013, 10:48:33 AM
Serious question:  When people say "$150+ was unrealistic, obvious bubble, a boil on the face of Bitcoin that had to pop & something something pathos rant...  $30 is the right price!"  Why 30?  Is that a point at which 1BTC matches the combined value of SR?  I'm serious.  What makes 150 "too high" while 30's just right?  Seems pretty random.
Think about it this way: Since the start of 2013, how much fundamental growth has occurred? I'd suspect that 100% growth is pretty close. 1000%+, not so much...

I can only guess how much fundamental growth has occurred since the start of the year, SR doesn't publish quarterly financials.  If it did, i still wouldn't know quite what to do with the data -- for SR, Bitcoin may simply be a token system, like the tokens used in the NYC subway.  

5.4 million people a day ride the subway, at one time mostly paying in tokens.  This quickly changed, now the tokens are worthless, magnetic strip cards are the way to go.  Was NYC subway fundamental to valuating the tokens?  Sure, assuming it continued using those tokens.  It didn't.
Luckily, while i used those tokens daily, *i did not invest in them,* so the transition to magnetic strips was relatively painless.  

The thing that worries me is after Bitcoin succeeds in making cryptocurrency attractive to the masses. some giant, like Amazon, will simply put its weight behind an altcoin, making Bitcoin as relevant as My Space to its Facebook.


Title: Re: Too many new users posting FUD (part XVII)
Post by: Frizz23 on July 09, 2013, 11:23:31 AM
So tell me new users: what are your reasons? who is paying you?  :D

The Illuminati and Goldman Sachs is paying us. We are also responsible for the Gold price crash. ;)

Seriously dude! Bitcointalk is actually losing members. So what are you talking about?

Bitcoin was a bubble in April 2013 and now the bubble is deflating. Nothing to worry about. It's quite healthy for Bitcoin to go back to the $10-$20 range.


Title: Re: Too many new users posting FUD (part XVII)
Post by: monkofnothing on July 09, 2013, 02:04:08 PM
They may be waiting to buy in like I am which as of now looks like its a few months from now. Hope this helps because insight into the newbie mind is my only expertise in bitcoin since I am a newbie myself.