Bitcoin Forum

because it blows out all the johnny-come-lately trendoid bandwagon-jumpers.

They can go back to saving the moose or something.

lol I'm glad too actually, this kind of thing does force out all the weak hands, soon we'll see more careful investors coming in and it will be used more as a currency rather than a get rich quick investment which is also good news for merchants like me.

most retarded thing I read in a while, congrats OP.

isn't the whole point of bitcoin to spread it?

i agree with OP.
i have read too many threads, private messages and other notes from people with no clue about bitcoin, and no intention to learn the ethos of bitcoin, they just want to stay as a FIAT sheep and make a quick buck in the Bitcoin field before going back to graze in the FIAT field again. hopefully these kind of people have lost their nerve and moved back to gold speculating.

lets now bring in the true bitcoin enthusiasts that want to expand bitcoin to then help expand their pockets. instead of expanding their pockets by sucking life out of bitcoin.


isnt the whole point of AIDS, to be spread? but do we want to do this, no as it is not good for society.
bitcoin is not just about spreading it around, its about giving people the informed choice and allowing merchants to choose what is best by informing them of all the information.

i feel there has been too much spreading bitcoin ignorantly, which leads the ill informed to get involved with something that they dont understand enough to utilise fully. hense they panic at the smallest piece of propaganda and run like hell.

Quite frankly I enjoy this crash

It forces people to realise that Gox is a piece of crap, and has always been a piece of crap. So now the price can stabilise. >_>

I just want to buy some cheap coins lol.  ;D

You are comparing BTC to AIDS? How can you even compare those two things, while we are spreading things that are in now way associated to BTC lets spread love also, Ebola, Dengue fever....  If its not good why are you using it then, well considering you are a part of society?
Merchants? Sorry but what? Now it is practically impossible to make BTCs using miners ( you can but it will take way too long ), so you can mine LTC and other more profitable coins and its on a person who needs them to buy them for cash or exchange for other currency ( BTC for example ).

People who enter this "game" by reading on forums, or they are told by a friend to invest... don't have large amounts so they can't effect price like " big players " that have few millions in BTC, and people who have that much are not stupid to lose 20-30% by selling and running like scary little rabbits...

You didn't do more classes in school than a train has, did you?


if you were right, uninformed users is still better than no users.
the point is, there is no proof that it's uninformed users who are dumping BTC what is causing the price drop. that's just an assumption based on your ignorance.

i did write a couple paragraphs of waffle but decided to keep it short.

for me bitcoins is like sex, alot of fun, involves more then one person to be fully useful and although governments like to talk about the negatives, the risks and like to wrap laws around different parts of the activity. it is something everyone should try. but i do find that informing other people of the activity should be done with explaining the risks, looking at the persons own experiences and advising them of the right route to take to gain the most out of the experience.
where as i see so many people just shout out to ignore the risks, and jump in unprotected. thinking that people somehow automatically know when to pull out at the right time without causing harm.

and as for you thinking this is just a game and that mining/buying bitcoins is the only way... you are part of the issue i speak of.. no grasp of the full picture or all of the information.

What does this have to do with gox? And I think people already know how crap it is.

For selfish reasons, I'm glad the price is crashing a little but it's always good to get people to "jump on the bandwagon", so to speak.

Anything that increases awareness can be seen as good and may even help in shooting the price back up.

What reasons are those? You wanting to buy more?  ;D. I'm sure it'll bounce back fairly quickly any way.

Exactly! And I'll be doing that sometime today...

Time to Buy!

Sex is kinda like game, in which both sides win. Or one sides loses if its bad at it. So you clearly confirmed that BTC is also a game :) Not all countries and governments have the same saying about BTCs so you can't apply one rule to them, if USA says ( example: who ever uses BTCs as a way of paying for services he/she is risking  20 years prison ) then the price will drop, but if some God forbidden countries does that, there will be no impact. People who know the risk are the only key players here, people who can risk loosing money while having it enough to not be effected, people who can barely buy 5-10BTC are not the major part.

Yes I do think BTCs and everything around it should be looked as a kind of a game, where you have winner and a looser, you can either earn millions if you sell on time, or lose millions if you wait for the right price, that's a gamble some are willing to take. No one really knows the full picture of BTCs, and telling you do is a lie. So don't act so smart and all knowing.

This is the only thing good about this crash... I hope Gox is done away with soon.


But I would like to see another bullish uptrend, it's been a minute

Crashes don't bother me, but I'd rather the price be steady or go the other way.

But what if they keep going down? I've got a friend who has been waiting to buy back in as he sold his coins and has been stuck in dollars, but he never knows when to jump back in because he's scared they'll keep going down.

That is a risk you have to be willing to take. Even if he buys now for 730$ and the price drops to 600$ he will only lose money if he sells for that price. But if the price goes up and over what he payed for them, he will learn. Not everyone is good and has luck in gambling.

not yet

Im waiting for 500 USDs .... :)

I am glad it is lower, now it is at somewhat realistic level. Don't get me wrong I expect it to raise a lot, but in next 10 years, not next month or so. If it grows little by little it's okey, it's more stable. What I do think we need is more people using it. When more people use it it's better for all of us. It's just important for it to change hands and not just sit there doing nothing.

More people using it will come naturally as more merchants adopt it, but these crashes tend to scare them and other people away.

more people (merchants) will use BTC when it stops beeing this volatile, cause when you think of spending your BTCs these days you cant help yourself thinking :"wait a minute, If I buy the TV tommorow it might be much cheaper in terms of fiat" :) therefore your spending habbit is beeing speculative....

That's how I feel about spending coins. Although at this rate I'll probably never get to spend them.

btc will have an overall rise in 2014. think long term guys all these threads about it crashing isnt helping anyones nerves

Yeah I agree with you.. ! yeah if i buy a TV which is today 1BTC that might cost  0.5BTC after few months/years that is uncertainty . So what is the solution ..? we must talk about some kind of solution..? what should be done.? do you guys find some answer for that?

Well the currency is volatile because it's still in it's growing stages. It hopefully should stabilise at some point, but that probably wont be for a while yet.

I'm waiting for a good entry point and want to see some of the people holding hoards of coins to sell and when the coins are more distributed I will get in.

If the price stabilized at a lower point, it'd be used much better as a currency rather than an investment, slow gradual growth rather than 10x the price in a year. This would increase mainstream adoption, and remove volatility.

I am sure bitcoin will rise huge after crash. Crash will people invest more in bitcoins.

You are glad because you sold at a shitty time and wish to buy back in on the low.  Your intention is to make a quick buck. That won't happen. The china boom is over. Growth will be gradual. Don't expect 10x growth in 30 days again.

People like this don't care about Bitcoin. It's always just about making a quick buck to them.

Crashes are a great time to invest and get in, but it also makes people apprehensive too.

It's just frightful to see the crash because just a month ago I cashed out my BTC for mining rig upgrade. Next time will cash out lesser to help the bitcoin economy.

I just wonder if volatility will be removed 100% as far as the BTC History there is a minimum of 30-20% of volatility. It has been 6 years and still it's moving harsh.

we should fcking burn you on a pole and chop your head off fcking bitch :D

never be glad for someone elses missfortune :(

It's still early days for Bitcoin really. It's going to take a while yet, but maybe it will never have stability. People seem to be too fickle and just dump their coins on the tiniest whiff of bad news.