Bitcoin Forum

you call this a currency????? hits $900 then down $300 joke

Better cash out and walk away then, probably delete that address in your sig too since you won't be needing it.

Up 300 and down 300 in a day. SCAM!!!

*sigh*

http://www.dailymobile.net/wp-content/uploads/2013/04/121-picard-facepalm-funny-demotivational.jpg

It's called a BUBBLE newbs

guess who is selling? the exchanges and they are taking all YOUR equity.

You seem confused as to how exchanges work.

A day??!?!

10 fucking minutes is more like it.

i love it the bots are buying .01 at a $50 over the bid

I get the distinct impression someone has bought high in the last few hours.

no its not a scam

unlevereged financial instruments acting as a store of value that fluctuate 50% within 10 minutes is perfectly acceptable.

I think it should be offered in IRA form to soon to be retirees

This is too good! Mind if I use it in my sig?

No exchange. That did not happen.

Hehe, be careful. "Down 300" and "Down to 300" are not the same.

Lol, he has a point.

It still isn't a scam though. More like, absolutely unpredictable. Scam implies that there is some fraud going on.

Down to 300 will have to wait a few days!

There is no other way for bitcoin to become a currency - it needs to grow very very much and that means volatility.

Yeah it's SHA-256 scamming all of us! You bastard!

Lol , actually the op is right.
For a currency this fluctuation is not natural.
For an investment , and this is how people actually see bitcoin right now (buy and hold) it's normal.

You need to learn:
Never buy when it's going up so fast.

Buy when it's dropping.

Okay answer this: WHO is making money? When something for the most part just goes up and everyone is enjoying the ride someone has to be on the other side losing their ass right?

Something tells me this is partly early adopters with a bajjilionty coins, partly more recent would-be investors balking at the price hike, and to a larger extent alot of back-and-forth with speculators and bots.

Have you ever heard of stock market or bubbles?

You should probably research about that stuff first before getting into BitCoin.

Its basically the same thing.

So you are surprised the price can come down after it goes up? Really?

... unlike the Federal Reserve scam which relentlessly extracts wealth from you through inflation, day in day out... for your entire life. (Or until you get smart enough to do all your biz in Cryptos, outside of that system, which is the biggest scam the world has ever seen.)

Not really, not until we experience a crash. In this case, due to bitcoins usefulness, I think we'll see steady reliable gains. Sure, there are moments of absurdity like yesterday and people who buy at an all time high twice that of the prior day, then panic sell when it corrects will loose their ass, but they're also probably panic bought without knowing anything about what bitcoin stands for - they're kind of like sheep following the herd trying to get on the get-rich train and those people piss me off, better off send them to Las Vegas. Those people will find a way to loose their ass no matter what they do.

Anyway, back to the point - No, in an increasing market, it's not a fundamental requirement that people loose money so others can gain it.

These wild price moves will stabalise in time until then just enjoy the ride  ;D

As a user of a currency, I would gladly take notice of massive price swings like this and possibly question the use of the currency.

I'm still a happy, happy investor.

Yes, but these are growing pains. Right now you are correct, bitcoin does appear to be more of an investment tool than currency but that will change.

I understand the necessity of this stage, but we won't go anywhere until there are just enough crazy people like us using the currency - crazy people accepting this as a currency and not a crazy, one-off mega-investment tool. I'm not at that point, personally, and I doubt most people here are, but we will get to the point where it's a currency.

As I quote from someone on this forum: we're at the beginning of the "e" in "early adoption." It's going to take a long while, but it'll be fun as hell for anyone on the ride.

Let's get going.

Op wants growth in a new market without volatility. OP WANTS TO HAVE HIS CAKE AND EAT IT TOO.

 ;D ;D ;D

I want a Corvette without leather seats  ::)

But really, I think OP is just kneejerking to the absolutely hilarious volatility we have right now. I don't know about you but I like iiiiit.

haha yeah, without bitcoin volatility I would suddenly realize my life is boring and without meaning.

... and I'm only half joking. *Gulp* LOL

You know, bubbles tend to burst.

I disagree. Its been a speculation/investment tool from day 1 and I don't expect it will ever change. People thought it had reached stability at $5, haha. Now its over $500 and just as volatile. Even the gold market is volatile. Bitcoin will never be stable. Volatility is your friend, embrace it.

someone bought high... lol

gr8b8m8

Fleabag, I would like to take your bitcoins in exchange for some FREE instruction on how YOU can avoid scams!  This FREE course requires a small transaction fee of 1 BTC in order to initiate the instructional process.

In this FREE course you'll learn the following:

- Charles Ponzi - Why government intervention is a bad thing
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- Bernie Madoff - Misunderstood Genius

You get the complete 5 part series, for FREE, and only need to pay the transaction fee.

i think you better leave bitcoin-land as long as you still are able to

TopTIP: Deposit all your coins in coinlenders for great returns and good times!

Please.  Everyone liquidate your coins.  Get out while you can !!!!!!!!!!!!

Because every one of you that bought at 200, sold at 500 in fear, and now will never afford to get back in?  

You just made my coins that much more valuable.

He who holds through the ups and downs will be King.

Only the strong survive.

I'm the weirdo nobody understood when I got in at 4$. Carry on, world! We're not budging.

Edit: I'm realizing how much my objective views of "Bitcoin should be a currency and not a speculation vehicle" and my subjective views of "MONEY" are conflicting. This is fun!

We should lend bitcoins for the subprime mortgage market, and come up with some derivative based speculation funds as well.

http://finance.yahoo.com/blogs/daily-ticker/bitcoin-price-swings-threaten-chance-being-real-currency-164359902.html

its a currency enough for you to complain about it  ;)

Love this quote^^^. Long for the win!

Oh dear. Guess who bought at the top. :D

Fleabag will you be signing up for my FREE course?

Been in and out of coins since last year. I spend mine though.

Yeah, this is a market for men. Pussies like you just get to complaint on the interwebz...

Precisely and mathematically it isn't and can't be a currency:

https://bitcointalk.org/index.php?topic=323988.msg3643713#msg3643713


For soon to be broken men who are in jail, destitute, or commit suicide. Read the linked thread above.

called free market

That has nothing to do with whether it is a currency or not. Can't you read what he wrote?

No. Transactions    2    
Total Received    0.0006 BTC    
Final Balance    0 BTC

Sorry you lost so much cash, brah. Hope you didn't sell too low. I feel for ya.

BTC should drop down to zero  :o

Give this man a cookie.  (Insert Putin meme)

I dress it up in women's panties and yell demeaning things at it.

"You fuckin' currency! You filthy piece of currency!  Look at what a whore you are, BitCoin!"

No he doesn't have a point. We're still building this. It's not finished.

YAY!

This is only the beginning. The altcoins will save the day.  :D

1 is low. So I am buying low right?

 Only a Central Bank can adopts currency control measures against the high volatility of
the speculative markets.

 A currency in the wild will end at 0.

 

I'm sorry but to answer that you'll need to sign up for the FREE course!

I always love vague, authoritative quotes with no possible chance to verify or reject their hypothesis.

Robots will definitely rule the planet in 1 million years.

1 is lower than paypal transaction fee right?

Who cares what price Bitcoin is at? If you bought a Coin you should be happy you have one. No one is forcing you to sell at $300...

Didn't you read the memo?

Who's to say they don't already?
Transhumanism is a reality most "people" are too scared to face  :o

I'm making money. You, apparently, are on the other side.

ooh...a bit temperamental.

You never listened to the rabid slavering nutters on here and bought in at $700+ did you?

Or worse still, you done some real world economy trades (actually using Btc for its intended purpose) and within the matter of a few hours found yourself 50% underwater?

Poor fleabag  :'(

*snicker* *Pffft* heh *snort* heheh ha hahahahah hahahahaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaahahahahahah

https://i.imgur.com/L3Pio.gif

I notice you are keen on posting crap like the above.

I would just like to say that it reflects really badly on you and mock laughter or ridiculing of an argument comes usually from frail minds, that lack an ability to truly understand a phenomena and seek to align themselves with some dogmatic view, and are hyperphobic about having their fragile world view threatened.

As for example, when in the UK, the liberal MP Vince Cable asked then PM Gordon Brown in 2005, if the economic boom wasn't infact a result of unsustainable borrowing and credit creation. He was laughed out of parliament by all the same clueless fucks who after the event claimed 'nobody could see it coming', and then proceeded to point fingers at individual banker scapegoats.

Just because you cite one example of ridiculing gone wrong, the chances of that happening with what he said is pretty slim to none due to the fact that markets move on supply and demand and there is a real demand for currency. Only when the fundamentals of currency are manipulated is when the market can be manipulated by a central authority to control volatility. One of those fundamentals is the ability to print currency. This is why the central bank transferred to fiat money instead of gold. They can print fiat, they can't print gold. It's also why the government allowed itself to go into debt instead of paying for its costs up front after collecting the money from taxes.

Also, you can't allow anyone to own more than 50% of a market or else they OWN the market which is why the gold market is being manipulated by the rothschild's central authority.
Reference 1: http://en.wikipedia.org/wiki/Price_fixing 
Reference 2: http://en.wikipedia.org/wiki/Gold_fixing

Since bitcoin is decentralized currency, and there is no central government, and judging by the demand for an unregulated currency, bitcoin is thriving despite volatility. In fact, volatility is a super healthy sign at this stage because it's growing. Once the market is saturated over the globe, we'll see a reduction in volatility.

Im going to man up and apologize for the harsh posts. Go and look through my posts I do not initiate calling anyone out. Now you are trolling

Wouldn't "trolling" be:

Posting on a BITCOIN forum about how BITCOIN is a scam and is going to fail?

Hmmm.....

If it was me, and I thought this was a scam and was worthless, I wouldn't even post here.  Who has the time to waste on stuff you deem a scam?  Makes no sense. Life is too short to waste on crap I hate or done believe in.  Must be nice for you to have time to burn.

Total time logged in: 1 days, 10 hours and 12 minutes. What does yours say? Believe me I dont spend much time on this crap

He posts here out of spite that he has not been able to participate in this "scam". I've seen countless types like that here since 2011, who either have no balls or no money or both; they are the most aggressive in creating "bitcoin is done" topics; fact is, they try to assure themselves that is the case and maybe hoping that bitcoin would be very low again one day, so they can get one, then they become superbulls.

Easy to see that our fleabag here is the one of them - check his sig.

Why is this in the speculation subforum? What does this topic have to do with speculation?

This entire thread can be summed up as, "I don't understand bitcoin's valuation so it must be a scam. I also might be trolling." response by forum members, "lel."

...Unlike dollars that lost 99% of their purchasing power since the inception of the Federal Reserve.

Yep, that's really working aint it my friend.

Sell your Bitcoins.  Hold those Dollars.  They can't possibly go to zero.

I don't get it. The guy laughing here is the 'Vince Cable' in the room. The poster he is laughing at is the 'Gordon Brown'.

Claiming that only central govt issued currency can possibly work deserves derision. *That* is the dogmatic view.

Noone forces you to sell for current market price. Make $1000 or wathever sell order and wait if someone thinks it is good price. The big volatility is because not many people trading

Ahhh shit! Sorry for having some fun with a bullshit statement. This thread has really brought out the troll in me. And I suppose you're right, I should not laugh at other's arguments. But, wait. Was that an arugment I was laughing at? The statement referenced had no supporting evidence, and consisted of a very vague generalization. "Only a Central Bank can adopts currency control measures against the high volatility of the speculative markets. A currency in the wild will end at 0. " Really? You actually believe that is the ONLY outcome? Or at least don't find that worthy of mocking? I have my views on bitcoin, and of the central banks. I have my opinions, and I think that statement is false based on my opinions. However, there are plenty of other reasons why that statement deserved my mockery. Who knows the the future holds? Even if bitcoin ends in zero, and the central banks hold up our system for now, doesn't mean everything from now until infinity will follow this concept.

Hmm...Frail mind who lacks an ability to truly understand a phenomena. Again, really? Thanks for the "big words" which based on that statement alone, you probably expect I cannot understand. I hate to upset your dogmatic mentality, with set in stone confidence of your psychological analysis, but you don't know me. I am not sure which fragile world view of mine is being threatened - you must mean the "world" of bitcoin? Well, I do believe we have something here. I believe this technology (and the concept behind it) is revolutionary, and will change the world. In fact, perhaps to the same degree as the creation of the internet. However, will it be bitcoin? I can only hope so, while I acknowledge it may not be the case. I understand what you're accusing me of, and in fact it's not I who thinks in that manner - but rather the reason I was mocking the statement to start with. Again - who know what the future holds? What I do know with reasonable certainty, is the statement which I was mocking at is false, or at least excessively presumptuous as there is no way to tell if/when a non-central banked currency will developed in the next infinity peroid of time. Come on.  

I am not familiar with what PM Gordon Brown said, but I get your point. And, for a 3rd time, Really? There is no similarity between my mockery and his. This is not a thread about potential flaws, pitfalls, and risks of and to bitcoin, or any other reasonable topic with a supportive argument. My response was not event directed at OP's reference to bitcoin as a viable currency. I think we'll see it become a viable currency, but we shall see, I understand the challenges. I (data, actually) was bursting out laughing about a extreme generalization made by stating anything not control by a central bank will end up at zero - which is an absurd statement.

Are you familiar with the phrase "Ask a stupid question, get a stupid answer" ? Well, while that was not a question, I think that sentiment applies here.  Get off your pseudo psychological high horse and learn to take a joke. If you don't like my posts, you're more than welcome to make use of that really most excellent ignore functionality, or to keep scrolling.


EDIT:

Forget all of that, I found the perfect response to you:

http://i3.kym-cdn.com/photos/images/newsfeed/000/169/711/Bender%20Neat.jpg