Bitcoin Forum

I'm sure many on here can guess who those individuals are....

Standard Bank of South Africa is currently looking to integrate bitcoin into their banking network. Its the greatest news for the bitcoin community but i'm afraid someone have just blown that chance up. This wild swing market full of pigs will scare the executives away when they're evaluating bitcoin.

I was hoping our community would have seen a bigger picture and not be manipulated so easily.

Cant underestimate the GREED of the bankers!

The bank already said the pilot ended and they are not gonna proceed further. You should start reading the newsfeed of ZeroBlock more often.

Didnt that just prove my point?

Bankers aren't any more greedy than bitcoin is a currency for drugs. Bitcoin is a currency. Currencies can be used to buy drugs. Bankers are people. People are greedy! And that's why a Bitcoin is worth anything at all.

this is what happens when 1 individual has 10% share of the market and 10 others another 20-30%. I would dump too. I have been saying this, nobody listened.

Exactly!

That's ok, after they dump shares are distributed more evenly.

Its not about banking with bitcoin. If bitcoin is integrated in a multinational banking network such as Standardbank, it opens the gate for bitcoin adoption. No body tell you to keep your Bitcoin there. Dont be a fool.

Go live in a la la land if you think ..... pooft everyone gonna use strictly bitcoin as medium of exchange. Its never gonna be like that. Without gateways for fiat coming in and out, whos gonna use bitcoin?

Right now those gateways are exchanges..... unregulated/nontransparent exchanges. They're worse than banksters..... infact many of them are straight thieves.

I live in bitcoin land ;) Well who is going to use the dollar without the Euro coming in and out?

I knew right away you're just an American hating European. I'm not strictly talking about USD .....  ::) Its ok. I'm done with you,

Let's not kid ourselves, bitcoin isn't even ready for mainstream adoption. It's not even out of beta yet.

Isn't that the reason for mass adoption... that you won't need fiat? Once it's been adopted it means you will be able to go to your local store and pay directly with bitcoin without a need for fiat at all. You seem to really believe in a need for fiat currency... why is that?

Oh... and THIS^^^

Soriouscoin you think the banks are ever going to adopt it? As soon as they look at it closely, they realise it's here to replace them... they're not going to want to play with.

The sad thing is that half of these newbs getting involved seem to want to be. They don't care about Bitcoin; they just want to get rich quick, and then they'll probably act like rich bankers and blow it all on drugs and shit.

yep gone are the days of running a program on your gpu.....hoping to squeeze enough bitcoins out to go buy another piece of computer hardware.  mainly another video card so your gaming pc could run games better. 

now that was fun.  no greed back then.... :-\

the OP thinks that the price dropping from over $1000 to the prices it sits at now is a bad thing?

if gold went from $1310 an oz to lets say $600, you really think everyone would be running away from gold, or towards it?

the same applies to bitcoin.

+1! Precisely why Bitcoin is still in the mid $600's! Because people are running towards it! With the amount of negative news just in the last week alone, the fact that Bitcoin is holding up like it is is a testimony to how strong it is, IMHO!

Yep, looks like it's reached a stage where it's cheap enough again... the buys are flowing in quite nicely now, staying above 600... even with mountainofcocks trading at nearly half :)

I agree. Let the Bitcoin settle at around $1 per piece and stay there for a long time to show some stability.

Nice analogy.


Happens all the time. Price falls and the people who believe in Bitcoin / want to get in buy more and the price gradually rises. Rinse and repeat.

That is why I love when it drops big like this, keeps the real believers and kicks out the get rich scheme kiddies.

Yeah, but there's always a constant wave of them. Each time a batch gets scared off another set comes rolling on in and the process repeats. Sick of their whining and crying and FUD-spreading when their coins haven't magically doubled within a month and they start panicking when the price drops a bit.

Eventually somebody will.

Maybe Scotland.

(Scotland is considering breaking away from the UK. We (I am English) have told the Scots that if they do that, they'll have to give up any influence they have over the pound Sterling. So that could leave them looking for a currency. They might go for the Euro (and might have to if they want to be part of the EU), but frankly the Euro hasn't looked very attractive over recent years. It would be fun if they went for a crypto-currency. I suspect they'd carry on using Sterling for a few years regardless and then switch, so Bitcoin would have some time to mature. They may not break away at all; they decide in September.)

Stop worrying about the price of Bitcoin against fiat currencies. Bitcoin is unique because of it's properties and how it can be used, without the need for bankers! When the majority of people truly start to understand the usefulness of Bitcoin and stop thinking of it like a pyramid investment scheme, that's when Bitcoin will really take off.

Bitcoin is here to stay and the less you worry about the day-to-day price VS fiat the happier you will be in the end.

Volatility of bitcoin's exchange rate hasn't slowed down adoption one bit. Doesn't matter what the exchange rate of bitcoin is or even how much it fluctuates. So long as bitcoin offers savings to merchants via cheaper transaction costs and no chargebacks, adoption will continue to grow..at least on the merchant side of things.