Bitcoin Forum

Bitcoin is in a huge BUBBLE, but this does not change the fact that bitcoin has an intrinsic value of zero.   It is possible to trade, and become very wealthy in a bubble  :)   If I could predict Bitcoin's huge price swings, I would absolutely be trading and taking advantage of this.  BUT, be careful, know when to get out because those that are still in Bitcoin will be FINANCIALLY WIPED OUT when the bubble pops.   No one wants to hear that they are investing in a bubble, the very definition of a bubble is that the vast majority of people are ABSOLUTELY WRONG in their investment.  Here are a few reasons why you need to be especially careful in Bitcoin:

1.   The Blockchain is the future of money, YES  ;D ;D ;D   But Bitcoin is NOT the blockchain, an infinite number of crypto currencies can be created to use the blockchain.   Back in 1990, the internet was the future, but that does not mean the first internet browser ( Netscape 1.0 ) to use the internet went to 1,000,000 USD, in reality, competition came along and it went to zero...  Just because Bitcoin was the first cryptocurrency means NOTHING.  Anyone want the first cellphone ?  Anyone want to use the first hard disk operating system from the 70's ??

2.   Bitcoin is just Digits on a screen, it is not on the elemental chart.   The only value Bitcoin has is what some greater fool will pay for it.  Once the bubble bursts, and there are no buyers, bitcoin's value becomes zero.

3.   The future of cryptocurrency is most likely to be one backed by gold, or some other real asset.  A crypto backed by NOTHING is not any better than a fiat currency backed by nothing.

4.   It makes no difference how much effort and energy is required to create a bitcoin.  There are a lot of bad investments throughout history where a lot of labor and energy have resulted in bankruptcy and the creation of NOTHING.   The world does not value labor, or wasted computation power, it values CREATION OF WEALTH.  Bitcoin itself is no more wealth than printing a bunch of worthless dollars.

5.   LibraCoin will be MAJOR competition for Bitcoin.  Libra Coin will fulfill the promise of quick, easy, cheap transactions that bitcoin never could.  Transacting in bitcoin is very expensive, and it never lived up to its original potential, so they just kept changing the narrative.  LibraCoin is just the first of many challengers that will appear in the coming years.

6.   Bitcoin is NOT a store of value, it a speculative investment.  No one is buying bitcoin to act as a savings account, the price of bitcoin can swing thousands of dollars in minutes.   GET REAL, everyone is buying bitcoin in the hopes it will go to 1,000,000 USD.   There is no such thing as a free lunch, the greater the reward, the greater the risk.  If Bitcoin can Skyrocket, it can go to zero just as quickly. 

Never invest without considering all the possibilities.   Throughout History, those that are the most blindly convinced of a get rich quick scheme are the ones that are most likely to get wiped out.   

 

you know where the door is: https://bitcointalk.org/index.php?action=logout
nobody is forcing you to come to a bitcoin forum, buy bitcoin and then complain about it like this which is more like lashing out due to the money you lost because of your bad decision making.
obviously you have very little understanding of bitcoin, what it is and how it works.

It's a bit bitter to read but most of the things stated are correct here.
Though I would not agree with the value near zero. The value is provided by supply and demand. For anything to have a value, it doesn't necessarily needs to be backed by materials. It could also be backed by communities. Consider bitcoin as one of the collectibles, collectibles have low production value but with their low supply and community backing, they get much better value.

This is why bitcoin is in a bubble https://bitcoiniscrap.blogspot.com/2019/07/this-is-why-i-am-so-frustrated-with.html (https://bitcoiniscrap.blogspot.com/2019/07/this-is-why-i-am-so-frustrated-with.html)

Thanks for the text wall, bud. Didn't really read.

Imagine if I went to your house call your family ugly. That wouldn't be cool, huh? So why are you even here if all you want to do is talk shit about Bitcoin?

1. Bitcoin is a protocol. On your example, Bitcoin is the internet(which we still have now), and the internet browser is the 2nd/3rd/4th/5th layer technologies on top of bitcoin.

2. Well, duh, bitcoin is not physical. Of course it's not on the table of elements.

3. A crypto backed by something is centralized, which is entirely pointless. It's an oxymoron.

4. Because people can freely print out some Bitcoin without any cost like they can with fiat money, right?

5. Libra isn't even in competition with Bitcoin. Libra is centralized. It's more of competing against stablecoins and centralized coins like XRP.

6. It's both a store of value and a speculative investment. It's just very volatile due to low liquidity, which is something that can increase overtime as more and more people buy/sell/trade/use bitcoin. Who say's bitcoin was free lunch anyway? Everyone with half a brain knows that price increases aren't ever guaranteed even though we're mostly bullish.

Get a life man there is no one you can fool here now,this kind of post and people like you comes out from the grave whenever Bitcoin price experiencing bullish but you’re gone when market is falling

Tell me how much do you want bitcoin price fall so you can purchase?old style strategy that no one will buy,stop it and find more reason to believe for

I am talking this post more than a source of entertainment rather than facts and inspiration. What is funny is that OP is lashing or criticizing Bitcoin heavily and yet on the breathe is also hugely praising Libra which has yet to show what it got and what it can do as well as the many problems that it will also encounter -- that is tantamount comparing a 10-year-old guy with an unborn child still in the womb of his mother. 

Correct? Firstly, I did not bother reading the entire wall of text since that guy seems to know it all literally(Hard facts)! Secondly, the biggest hard fact that he needs to digest is that no one cares about the bullshit that he is spewing.

Libra is a baby compared to the fully grown Bitcoin and it is pointless comparing the two currently though I like both of them. Funny thing is that majority of these FUDsters follow a pattern(Capitalizing the title, exclamation symbols etc).

Bitcoin is backed by everybody having a node.
Libra is not a cryptocoin. Is not decentralized neither using any crypto proof.
Is just another way capitalism is using to fuck us up and wipe out our rights thanks to selfish ignorants like you

Doesn't matter right now because a lot of people are making profit, if its bubble then let it burst just know how to save profit for you not to lose everything. I understand your point, and heard many articles about the bubbles  with bitcoin, but until now the price keeps from rising, so again we can listen to anyone but its hard to believe on them. I know bitcoin is a bubble that will continue to up high, with the value of more than you can imagine.

Ah, I was wondering when our daily 'I have just arrived here and I SEE things you cannot' post would arrive.

It's more dependable than the trains but at least trains take you somewhere interesting.

Assume that I come to you tomorrow with some apples. I worked for that apples half of the year, I watered the apple tree, I have done many impossible things 6 months of the year for those apples to grow.

You have some peaches in your garden that I crave for. I am asking you to give some of your peaches, for some of my apples.  Does this mean that my apples do not have value? Maybe there is another person in this world that wants to have my apples and give me some peaches for them.

This is the Bitcoin. 10 years ago someone has invented it. He spent many months trying to make a mathematical demonstration. Then many people from different countries have spent months to make the electronic equipment necessary for the bitcoin to be obtained (for those numbers to exist).

 Then some people went out and spent months to build the buildings very necessary for the electronic equipment to function.

You came and say that these efforts of many people in this world do not have value. What if this people will ask you tomorrow to make the same efforts?

Well at least OP is not saying that true value of bitcoin is 0, but "somewhere near zero" which is somehow good for most of us, zero is not nice number for me, I like more some other number in front of zero, something like this 100 000 looks really nice :)

Bitcoin is backed by people trust in first decentralized currency, controlled by all people, not only banks and governments who take advantage of their position to make rich even richer, and to take from the poor that less then 10% of world wealth they currently have.

Libra is one more shitcoin but with huge infrastructure provided by FB and his associates who wants to make more money, it is light years away from idea of bitcoin and has nothing to do with it. Comparing first hard disk, first browser or first cellphone with bitcoin is insane, they all develop and improve with time and people still use them - same as bitcoin development with SegWit or Lightning Network.

---

You will get ban if you continue to promote that token all over the forum...

Oh no, Facebook hiring forum trolls now to shill for their Libra coin? Just shows you how short sighted  and gullible the creator of this thread is. He lists all the negative aspects of Bitcoin and then he praise Facebook's Libra that are built on the same concept. The only difference is that Libra would be backed by a centralized organization with bags of money to fund a major marketing campaign for their new shitcoin.  ::)

Fools like this needs some physical asset or large organisation or even a government to back their so-called true currencies, but they ignore the disadvantages and history of these currencies and how many of them are failing.  ::)

Fiat currencies would have failed more with the previous global financial crisis, but they were bailed out with tax money from the government.  >:(

well the "hard facts" (pun intended) is that if you believed in 1% of the things you posted here, you wouldn't have wasted your time jumping through the hoops of creating a new account on bitcointalk and posting this nonsense here!

for instance I believe ETH is a worthless crap but I would never waste my time going on an ethereum forum, opening up a new account and shoving my opinion down their throats! simply because I know it is crap, I stay away from it and never waste my time with it :)

LIBRA COIN:   A very tiny portion of my post mentioned Libra Coin, it is just one of many factors that will help pop the bitcoin bubble.  I have no  connection to Libra Coin, I just look at reality.

BITCOIN has a lot in common with FIAT currency being that they are both backed by NOTHING.   Yes any currency, be it fiat, or crypto that is backed by NOTHING will always go to zero, that is my entire point  ;D ;D ;D

Another x100 bitmex user liquidated?   

Seems the theme right now people lose money then come here and spout absolute crap. 
Good luck holding that paper fiat. did you not know FIAT is the biggest bubble in the world but you use it right?

You are also free to do as you wish and say as you wish but it will fall on deaf ears in this forum and to those who actually understand what it is there are buying.

I love you guys that believe in freedom of money !!!  I am not here to call you ugly,  I have no ill will towards anyone here,  I am here to tell you that your house is on fire, and to help you...    So if you came to my house, and warned me, and saved me, I would thank you and buy you a steak dinner and a beer   ;D ;D ;D

It is really funny for me.. i can't  believe  that  how could  you say that like? Really it is just for entertainment.. dnt need to take serious anyone..

But.. but.. $11,346.14 (current price) is ≠ 0, unless I'm wrong with my math. Libra coin? I thought everyone says that it's not a competitor of bitcoin? lol. Not a store of value (SoV), last time I checked people are flocking into bitcoin because they know that it is one of the best speculative asset, even surpassing gold and oil, so your argument is really flawed at the beginning.

Hawww is it really true?? Difficult to trust  it.. well if you are posting then there must be some reasons.
 Is it soo Dear??????

How it is funny for You? Will you please tell me Bro?????

mic drop ** you cannot escape the truth its impossible by any means
 
the best coders and marketers dont work on facebook and not other companies for shitty salary for 250k per year they created to create...

he call him self HARD FACTS hhhhhhhhhh


first bitcoin come from peer to peer file sharing which mean decentralized tech and compare to centralized tech, and we all remember how much entities like governmnets and other tried to stop peer to peer file sharing yet more then 1B comupters share info each other by peer to peer technology which called decentralized tech where there are no main servers/entities that hold all the info and control everything like facebbok/governmnets and other...before peer to peer file sharing tech there was centralized tech which mean few main servers hold everything and all the computers around the world download from them everything without be depend om each other yet the governments and other pretty fast shut down this main servers then people became more smarter and bring decentralized tech which mean our private computers are now the servers and seed to each other and now the govermnets need to shut down more then 500 miilion private computers which its impossible which all this lead us to peer to peer money  like bitcoin which cannot be shut down by any body and will eat the entire system because the nature of decentralized tech always win otherwise history will tell something else no....we all saw how decentralized peer to peer win always....which mean top smart minds know no body cant stop bitcoin its like peer to peer file sharing and it will eat the entire system its cannot go the other way we even don need to predict the future its goung to happen there are just more friction to scale peer to peer money relative to peer to peer file sharing until business adopt it and people get used to it....BUT
...
1
peer to peer will always win otherwise history will tell something else :) it will eat the entire system

when you say: Just because Bitcoin was the first cryptocurrency means NOTHING.

my answer: mark will only dream to be part of the team satoshi and underground teams behind wiki leaks and other which created market which almost half trillion in a matter of 11 years, he dont have the balls to play with the big boys...bitcoin its huge underground operation which done by global team some othem behind wiki leaks and i can prove it as edward snowden was said before bitcoin come and few other which i will not name them that peer to peer file sharing will do financial freedom!

2. when you say: The future of cryptocurrency is most likely to be one backed by gold, or some other real asset.  A crypto backed by NOTHING is not any better than a fiat currency backed by nothing.

my answer: ask expert economist and he will tell you you are wrong and the real value come when it backed by it self and not depend on nothing,,,read about this and ton expert economist talk about this ...like WHY GOLD HAVE VALUE???? WHY??? DID YOU ASK IT? BECAUSE IT YELLOW AND LAST FOREVER HHHHHH in other words lets say from one second you are alien and come to this plant and for you there other thing that have value rather then gold/diamond its so fucking deep concept only expert economist know this....gold have value because x amount of people agree on this very simple,
its so fucking deep only smart mind can understand this conecpt as from the eyes of alien which come to this planet will say why i need to pay for yellow stone what vvalue it has???? ask expert economist about this example...

3. when you say : LibraCoin will be MAJOR competition for Bitcoin.  Libra Coin will fulfill the promise of quick, easy, cheap transactions that bitcoin never could.  Transacting in bitcoin is very expensive, and it never lived up to its original potential, so they just kept changing the narrative.  LibraCoin is just the first of many challengers that will appear in the coming years.

libra is not competition to bitcoin its stable coin which dont grow in value and dumb people fall this trap until they wake up and move to something else which mean when you buy stable coin you really exchange money nothing more...its not investment....even more with need real crypto which the price per coin grow because the prices of supermarkets,houses,clothes,cars naturally go up and the value of paper money slowly go down because the infinity of paper money which print by governments and HELL do you know how much paper money faked on on one by criminals only inside the usa...its around 25 million dollar per day...this is facts....ask expert economist about this and he will say the value of paper money only will go down from this reason.

another fact stable coin with the time lose value you can check graphs and see over the history there is huge curve.
libra its not real stable crypto coin its control by facebook and you account can be locked and other shit ,,in peer to peer tech you are the bank and no body can lock or touch your money...
real stable crypto coin work on smart code which this code is reduce or produce more coins relative to sell and buy of the coin and by this keep the price stable which mean if people sell this coin a lot then the code burn coins and if to much people buy and produce more coin and by this the code keep stable price and BACKED BY ITSELF AND NOTHING ELSE the other coins backed by gold/diamond/papermoney and other are pure scam.

4. when you say:Bitcoin is NOT a store of value, it a speculative investment.  No one is buying bitcoin to act as a savings account, the price of bitcoin can swing thousands of dollars in minutes.   GET REAL, everyone is buying bitcoin in the hopes it will go to 1,000,000 USD.   There is no such thing as a free lunch, the greater the reward, the greater the risk.  If Bitcoin can Skyrocket, it can go to zero just as quickly. 

my answer: nothing speculative and we dont need to predict the future for sure OTHERWISE HISTORY WILL TELL SOMETHING ELSE as we saw PEER TO PEER FILE SHARING CANNOT BE STOPPED ANDEAT THE ENTIRE SYSTEM....the same with peer to peer money its gone to eat everything -- decentralized tech always win...
bitcoin is store of value and in the same time money which mean two factors in the same point, which is huge idea, its like mixing gold and money...you cannot walk into store and pay with gold/diamond and get the rest of the money in paper money because gold and diamond its more store of value then money....BUT bitcoin is store of value and money

when you say: the fees of bitcoin is high hhhhhhhhh you fucking dick head faggot , do you know its the same fees to transfer 100m dollars as to transfer 50 usd hhhhhhhhh   wich school you was

MARK ZUCKREBERG IS SMALL FISH IN THIS SYSTEM COMPARE TO THE MONSTERS HIDE IN THIS WORLD AND AT ALST THEY STAND WITH THE PEOPLE

FACEBOOK WII BE HUGE FAILURE AS OUT TH3R3 100K BOTS WORK NON ST0P TO WARREN PEOPLE TO STAY AWAY FROM STABLE COINS AND HUGE SUPPLY COINS AND SOON IT WILL SCALE TO 500K BOTS....AND PEOPLE BECAME MORE AND MORE EDUCATED.

LAST POINT: history show that decentralized tech always win and scale very fast as peer to peer file sharing huge amount of entities tried to stop this yet you can see where all this, around 1 billion computers are share info and bitcoin is peer to peer money rather then file sharing and real peer to peer money is PACMAN in the system , its gonna to eat the entire system its the nature of decentralized tech and it cannot go the other way....

mic drop ** you cannot escape the truth its impossible by any means
 
the best coders and marketers dont work on facebook and not other companies for shitty salary for 250k per year they created to create...

he call him self HARD FACTS hhhhhhhhhh


first bitcoin come from peer to peer file sharing which mean decentralized tech and compare to centralized tech, and we all remember how much entities like governmnets and other tried to stop peer to peer file sharing yet more then 1B comupters share info each other by peer to peer technology which called decentralized tech where there are no main servers/entities that hold all the info and control everything like facebbok/governmnets and other...before peer to peer file sharing tech there was centralized tech which mean few main servers hold everything and all the computers around the world download from them everything without be depend om each other yet the governments and other pretty fast shut down this main servers then people became more smarter and bring decentralized tech which mean our private computers are now the servers and seed to each other and now the govermnets need to shut down more then 500 miilion private computers which its impossible which all this lead us to peer to peer money  like bitcoin which cannot be shut down by any body and will eat the entire system because the nature of decentralized tech always win otherwise history will tell something else no....we all saw how decentralized peer to peer win always....which mean top smart minds know no body cant stop bitcoin its like peer to peer file sharing and it will eat the entire system its cannot go the other way we even don need to predict the future its goung to happen there are just more friction to scale peer to peer money relative to peer to peer file sharing until business adopt it and people get used to it....BUT
...
1
peer to peer will always win otherwise history will tell something else Smiley it will eat the entire system

when you say: Just because Bitcoin was the first cryptocurrency means NOTHING.

my answer: mark will only dream to be part of the team satoshi and underground teams behind wiki leaks and other which created market which almost half trillion in a matter of 11 years, he dont have the balls to play with the big boys...bitcoin its huge underground operation which done by global team some othem behind wiki leaks and i can prove it as edward snowden was said before bitcoin come and few other which i will not name them that peer to peer file sharing will do financial freedom!

2. when you say: The future of cryptocurrency is most likely to be one backed by gold, or some other real asset.  A crypto backed by NOTHING is not any better than a fiat currency backed by nothing.

my answer: ask expert economist and he will tell you you are wrong and the real value come when it backed by it self and not depend on nothing,,,read about this and ton expert economist talk about this ...like WHY GOLD HAVE VALUE?Huh WHY??? DID YOU ASK IT? BECAUSE IT YELLOW AND LAST FOREVER HHHHHH in other words lets say from one second you are alien and come to this plant and for you there other thing that have value rather then gold/diamond its so fucking deep concept only expert economist know this....gold have value because x amount of people agree on this very simple,
its so fucking deep only smart mind can understand this conecpt as from the eyes of alien which come to this planet will say why i need to pay for yellow stone what vvalue it has?Huh ask expert economist about this example...

3. when you say : LibraCoin will be MAJOR competition for Bitcoin.  Libra Coin will fulfill the promise of quick, easy, cheap transactions that bitcoin never could.  Transacting in bitcoin is very expensive, and it never lived up to its original potential, so they just kept changing the narrative.  LibraCoin is just the first of many challengers that will appear in the coming years.

libra is not competition to bitcoin its stable coin which dont grow in value and dumb people fall this trap until they wake up and move to something else which mean when you buy stable coin you really exchange money nothing more...its not investment....even more with need real crypto which the price per coin grow because the prices of supermarkets,houses,clothes,cars naturally go up and the value of paper money slowly go down because the infinity of paper money which print by governments and HELL do you know how much paper money faked on on one by criminals only inside the usa...its around 25 million dollar per day...this is facts....ask expert economist about this and he will say the value of paper money only will go down from this reason.

another fact stable coin with the time lose value you can check graphs and see over the history there is huge curve.
libra its not real stable crypto coin its control by facebook and you account can be locked and other shit ,,in peer to peer tech you are the bank and no body can lock or touch your money...
real stable crypto coin work on smart code which this code is reduce or produce more coins relative to sell and buy of the coin and by this keep the price stable which mean if people sell this coin a lot then the code burn coins and if to much people buy and produce more coin and by this the code keep stable price and BACKED BY ITSELF AND NOTHING ELSE the other coins backed by gold/diamond/papermoney and other are pure scam.

4. when you say:Bitcoin is NOT a store of value, it a speculative investment.  No one is buying bitcoin to act as a savings account, the price of bitcoin can swing thousands of dollars in minutes.   GET REAL, everyone is buying bitcoin in the hopes it will go to 1,000,000 USD.   There is no such thing as a free lunch, the greater the reward, the greater the risk.  If Bitcoin can Skyrocket, it can go to zero just as quickly. 

my answer: nothing speculative and we dont need to predict the future for sure OTHERWISE HISTORY WILL TELL SOMETHING ELSE as we saw PEER TO PEER FILE SHARING CANNOT BE STOPPED ANDEAT THE ENTIRE SYSTEM....the same with peer to peer money its gone to eat everything -- decentralized tech always win...
bitcoin is store of value and in the same time money which mean two factors in the same point, which is huge idea, its like mixing gold and money...you cannot walk into store and pay with gold/diamond and get the rest of the money in paper money because gold and diamond its more store of value then money....BUT bitcoin is store of value and money

when you say: the fees of bitcoin is high hhhhhhhhh you fucking dick head faggot , do you know its the same fees to transfer 100m dollars as to transfer 50 usd hhhhhhhhh   wich school you was

MARK ZUCKREBERG IS SMALL FISH IN THIS SYSTEM COMPARE TO THE MONSTERS HIDE IN THIS WORLD AND AT ALST THEY STAND WITH THE PEOPLE

FACEBOOK WII BE HUGE FAILURE AS OUT TH3R3 100K BOTS WORK NON ST0P TO WARREN PEOPLE TO STAY AWAY FROM STABLE COINS AND HUGE SUPPLY COINS AND SOON IT WILL SCALE TO 500K BOTS....AND PEOPLE BECAME MORE AND MORE EDUCATED.

LAST POINT: history show that decentralized tech always win and scale very fast as peer to peer file sharing huge amount of entities tried to stop this yet you can see where all this, around 1 billion computers are share info and bitcoin is peer to peer money rather then file sharing and real peer to peer money is PACMAN in the system , its gonna to eat the entire system its the nature of decentralized tech and it cannot go the other way....

Your words make sense. But I also don't quite agree with you. We all know how many new coins appear every day and so far none of them has made a serious competition for bitcoin. Of course we do not know what will happen next, but so far I believe in the prospect of bitcoin.

Some points make sense, others are too weak to accept them as arguments, and others are predictions. One can say that sometimes Bitcoin enters the bubble state (like at the end of 2017 and possibly the one Bitcoin can enter soon), but calling it itself a bubble is wrong. Sometimes Bitcoin is overpriced and keeps getting overpriced until it bursts. However, while a bubble usually explodes once catastrophically, and never reaches popularity again, bitcoin is not like that. And Bitcoin never reached anything close to zero, whereas bubbles are usually identified in hindsight (so even if Bitcoin is one, we can't know that yet). And Bitcoin value being zero doesn't make any sense to me.

Let's sum it second time mic drop I will answer on your points

1. It dosent matter if infinity coins can produce or not, what you try to say by this, in the end the quality will end because more and more people became educate about crypto, Bitcoin come from underground group and some of the people behind this operation is behind wiki leaks and other just people here don't have the skills to trace this kind of interesting things and top marketers was behind this operation. Mark didn't create market which is almost half trillion in 11 years and will dream to be part of this kind of teams for sure. Bitcoin come from peer to peer file sharing idea to decentralized the power rather it be centralized and history shows what the power of peer to peer and we don't need to predict the future real crypto will eat the entire system without problem ITS JUST there more FRICTION to scale it compare to peer to peer file sharing every smart* kid know this compare to most uneducated people here and some of them very poor in understanding simple things like why to stay away from stable coins and huge supply projects but time put this kind of people in the right corner because you cannot escape the truth by any mean.

2. Bitcoin it's not just a number on a screen, it's peer to peer money which put out the middle man hence from here come the value , it put out of the chain banks, governments,PayPal and other...ironaclly it's have to much vaule because of this, ask expert economist it's the first time in history money can move from A to B without middle man.

3. The future will be decentralized tech mixed with distrubed tech and nothing else and backed by itself , peer to peer file sharing million times was tried to shut down yet over 1B computers share info with you middle man the same with peer to peer money, it's will eat everything.
In the moment value is backed by something it's already lose it value ask any expert economist you are wrong people here are just fucking dumb, they don't know simple things in life how they will understand this deep concept.
Crypto that backed by gold or diamond or by other is pure scam from expert eyes and ask expert blockchain and economist....and why gold have value it's because X amount of people agree for this hhhhh it's cannot be other way, but Bitcoin out perform gold because it's store of vaule and money in the same time and it's independent which make it so much valuable in other words you cannot pay in store with gold and get the rest in paper money because gold and diamond it's store of value and not money and it's has value because people agree on this and not other way and compare to Bitcoin it's nothing because Bitcoin is store of value and money and independent and AFTER ALL THIS it's put out the middle man like banks and government and PayPal hence his vaule so high and will be much more no other things can do what Bitcoin do, kids at economy know this.

4. It's done in order to make Bitcoin more decentralized and less spam which mean if it was easy generate Bitcoin without huge power it's was control led by only few,. There already which switch to solar power to mine Bitcoin which it great.

5. When you talk about Facebook it's what make your post suspicious, because the smartest in the game stay away from stable coins because it's not investment it's exchange of money like usd to euro there is no profit in the process and stable conis o er time lose value you can see graphs on website which talk about economy, there is huge curve over time the value go down and smart economist will say you another thing why stable coin is bad it's because prices of houses and in supermarkets slowly go up include clothes and other things while stable coin love value over time ask any expert economist.

There are real crypto stable coin which work on smart code and backed by it self , and it work like this'
The code produce more coins if to much people buy this coin and Visa verse when to much people sell this coin the code burn coins and by this keep stable price very simple :), and this type crypto stable coin don't backed by nothing it's backed by self smart code and 99% people in this fourm even don't know this hhhh which kids know :)

The stable coin of Facebook is not real crypto stable coin it's different and controlled by Facebook and your account can be picked and other shit, there coin will be huge failure for sure and the only stable coin out there which more then half of volume is faked and market cap is tether, do you see something else in the top! No.

6. Already answered you this Bitcoin it's has value because it's put out the middle man like banks,governments PayPal and bunch other it's the first time in history we can transfer money directly to each other it's like peer to peer file sharing, this is why it have value, deep conecpt not only this it's act as store of value and money and not depends on anything which make super value, because in the moment  some value it's backed by other value it's already not special, ask any expert economist.

7. When you say fees of Bitcoin is high it's really show you are dumb and very suspicious because to transfer 100m dollars or 50 dollar with Bitcoin it's the same fees hhhh

This is how smart debunk suspicious account which influence dump people.

And Mark it's small fish in this system compare to high profile people which hide on this planet and some of them part of wiki leaks and Bitcoin operation and other operation s, mark will only dream to be part of this kind of teams, they created market which almost half trillion in 11 years , it's never done in the entire history ask expert in economy,.

Mic drop
All what you said influence only dumb people smart mind will sum it don't forget peer to peer file sharing where it get hhh

Around 100k bots work non stop to Warren people to not incest in stable coins and huge supply projects both this categories are scam ask every smart blockchain

You fucking so dumb but time will put you in the right corner in life you cannot escape the truth. The ones that stick to smart people know why...

Nothing is sense in what he said

1.   EVERY bubble has a crazy high value before it pops, so your first statement of 11,346.14 actually SUPPORTS what I am saying.

2.   BIT BEST SPECULATIVE ASSET   YES !!!!!   ;D ;D ;D    But,  That does NOT equal a store of value.

Both of your statements are factually wrong.   This is very typical of someone so caught up in a mania, that they do NOT WANT to hear truth or reality.

It seems you have much to learn about crypto.



Of course you can create any number of currencies.  Doesn't mean those currencies will have anything resembling security, decentralisation or censorship resistance, though.  You can only guarantee such qualities through having a large number of independent users securing the chain.  Bitcoin has this.  Other currencies do not.  Don't fall for the hype around "blockchain".  A blockchain without independent users securing it is nothing more than a database.  Databases are not a new concept and are not the future of money.



Kind of undermines your own first point, doesn't it?  Surely all those other cryptocurrencies out there are going to have the same issue?  Fiat currencies can also diminish in value to the point where they become practically worthless.  Doesn't mean people won't use them while they do still have value.  Aside from that, many would argue that while Bitcoin is certainly volatile, it is not a "bubble".



Backing generally requires trust in a third party.  Who is going to be responsible for holding this gold or other asset?  How do you know for certain they hold as much gold as they claim?  And are you not concerned about the power over the network this entity holding the assets would have?  They would effectively be a central authority who could block or reverse your transactions if they choose to.  What kind of cryptocurrency is that?  I'll tell you:  A shit one.  Centralised and useless.



The value does not come from the energy expended.  It comes from the freedom and empowerment provided to users.  Peer-to-peer permissionless payments with no middlemen standing in the way.  There is undeniably value in such a system because you couldn't have those qualities before Bitcoin existed.  Again, all your talk of centralised entities having control over centralised databases and requiring trust simply cannot compete with Bitcoin.  It's an altogether different proposition.  You're comparing things that are not the same.



Appear, then immediately get piled on top of by various governmental bodies and corporate lobbyists, because they're easy targets for legislation.  If it has a head office in a particular jurisdiction, it will never be a truly global currency.  There's always going to be someone in power dictating terms.  So let's see if Libra actually gets off the starting line before we decide how much competition it's going to offer.  Also, good luck finding Libra on any exchange to trade with if it does ever launch.  That shit will never leave Facebook's own private servers.  It will sit in its little walled garden, entirely cut off from the rest of the crypto community.  Libra is categorically not a cryptocurrency in the way we define them.  It's a corporate private ledger.  



Except that many users do store wealth in Bitcoin and have done for years now.  Not everyone sees it as a get-rich-quick scheme.  I got involved in 2013 and knew from the offset that I was going looooonnnng.  I plan to hold on to most of my Bitcoin until I reach retirement age and that probably won't be for three or four decades to come.  


In short, you have no clue what you're talking about and we've heard all this nonsense before, dozens of times.  You need a new spiel.

Just like the STOCK MARKET BUBBLES POPPED, and then never went into bubble territory or gained popularity again ???

Just like the HOUSING BUBBLE popped, and never reappeared ???

You are just wrong in your statement " never reaches popularity again "....

Now here is the scary part   :o :o :o :o     Bitcoin is backed by NOTHING, it is not a house, it is not a company that can produce things, it is just a speculative asset, and its only value is that someone else will by it hoping that it is going to go higher.  The moment that market psychology changes, bitcoin will go to near zero...

Every time the bitcoin price rises, ballooners emerge. And again, new balloon theorists have emerged. Welcome ... Balloon topics at the end of 2017 may come up again soon.

hey doomad great answer dude thumbs up

all this account which shill facebook shit coin some of this accounts very weird and work with facebook and some of them its come from people which dont know shit about crypto and why people should stay away from stable coins.

happy to see great people like you in this place compare to others here whioch dont have clue where to invest and what do.

we from japan

reading the OP words like this, I remembered the words of my grandmother who had no idea about technology because it was born in an age of technological obsolescence.  

Bitcoin and Altcoin are the eighth wonder of the world in my opinion... why am I saying this because many people believe but never see physically Bitcoin or Altcoin.

# everyone is allowed to make opinions but don't lead opinions to create a fear

CRYPTO is awesome, I love the technology and the prospect of the freedom it enables   ;D ;D ;D  That is exaclty why central banks will control it...  You may very well be right about LibraCoin,  but just wait until FEDCoin is released  :o :o :o  

Fiat always go to zero, and that is backed by entire nations and governments.   Bitcoin is backed by NOTHING, and when its bubble ends, the race to zero will be so fast you will not know what hit you.

CONGRATULATIONS:   Buying Bitcoin in 2013 was a brilliant move, I wish I had been smart enough to do that !!!!!     But the key to becoming rich in a bubble or a Mania is knowing when to take your profits and get out. How many brilliant multi-millionaires went broke when they did not get out of the stock market in time in 1929 ????  If you do not get out in time, your retirement might well be spent in greeting people at WalMart.   I love you guys, the blockchain, and the potential freedom it give us, but those things are NOT bitcoin...  I do not want to see any of you guys get hurt, which is why I am here giving you the facts you need.

bitcoinqubit thumb up also very happy to see only few here which know what they are talk,

but you answers so aggressive, you explained why bitcoin have value in the most fantastic way, unbelievable dude.

like you said its  store of value and money in the same time and after all this its put outside the middle man, you nailed it!


we from japan and we also fight with bots and help as much possible , so people will know why to stay away from stable coins and huge supply coins.

we have around 50 k bots.

Hey mate I from Israel and we also fight this kind of scams like huge supply and stable coins and the most shit coin which is even not crypto like Facebook,

We build around 100k bots which spread info about why people should to stay away from any stable coin whether it's real stable coin or not the same shit in the end,

I fucking happy to see Japan also fight this war and help people to know where to invest and stay away from stable coins and huge supply projects

bitcoinqubit thumbs up for israel mate , there are great team from usa which also scale with bots right now one of them is very well known guy in the crypto space.

this is the only way to fight this shit and save people, the other who dont get this leave them because we move on.

the team from usa have much more bots , thumbs up for this guys over there.

we need to help people and to explain them how things work and save as much possible, the others who dont get this leave them because we need to move as community forward.

and most of the accounts that shill facebook coin work with them few already traced to the source, and other are people which dont have clue what is crypto coin and they think they going to profit from stable coin facebook which will never happen.

some of this accounts after tracing leading to facebook.

the only way to fight this is with bots!

I didn't know about the guys from the USA can you somehow connect me to somebody from there so we can share tactics about mass botting, and so on ,, interesting to know how they work,

And when you say they have muchore how much you mean?

...

WHY WHY WHY   Are you guys so fixated with facebook and Libra Coin  ???   That is just one small competition among many to come...  Almost not worth mentioning.


Why do you need bots ???   TRUTH and REALITY speaks for itself,  I have no bots, just the the truth on my side, which in the end is worth more than 50,000 bots.


I LOVE YOU GUYS, which is why I have come here to help those that will listen !!!   Who would not love a bunch of guys wanting freedom, and a money system free from Tyranny and control, you guys are awesome  ;D ;D ;D

they have more then half million bots which spread great info for normal people which dont know to who believe and have overload information,

they are the devil for stable coins and huge supply projects, and they attacked with this bots XRP this is why was huge fall.

they now focus on facebook and spread this in the speed of light why to stay away from any stable coin.

i also read some of your post and was thinking maybe you work with them :) because they also explain in very simple way why to stay away from any stable coin from economy point of view and why to stay away from stable coins,  and you also explain in the same manner???

Just another spin on the shit we have already heard time and time again...

Digits on a screen. Bubbles, get rich quick...
Imaginary numbers making people real physical Lambos...

All this reminds me of Social Media sites. You know FB is huge, but if people stopped using it. it would, well, be fucking worthless.
Just like Myspace. In fact, if the internet died somehow, FB and twitter, and your personal blog would instantly die too.

Basically, Everything in this world, at some point or another, can become worthless overnight..

What makes Bitcoin different than anything else?

Right now it has value because want it, and people hold it.
Which, is pretty much why anything has value.

Extrapolate this viewpoint to anything - and you can come up with the same results.

= GTFO

Holly shit more then half a million, Holly shit mate.

You know when smart people try to help people they explain it, in the most simple way.

Yes I explained why to stay away from huge supply coins which are like stable scam and it's impossible to grow them, even teachers in math which invest in crypto stay away they know this simple equations, price of coin grow by supply and demand and if the supply to much big it will lose value over time expert economist know this.

You must connect me to this guys over the USA,

you talk bullshit you cannot compare social network to this kind of technology, paper money cannot go away until some other tech will replace it the same with peer to peer tech which are the future in everything, peer to peer file sharing will never go away yet myspace died and ico social network also died yet peer to peer file sharing still here and was before all this social netwroks and still live and grow only

you try to compare apples to oranges very simple.

Past events can't always be used to predict the future.  You get hit by a car when crossing the road and what happens? You never again come near that road because you'll get hit again?

There were bubbles in the past but you can't think that every new technology around you is a bubble because then you will miss out on some real opportunities.

when peer to peer file sharing was out people was thinking its also bubble, but its different and while social networks died and burn and other types of tech was go away and new come in, nothing is close but nothing to the power of peer to peer, and this is why peer to peer file sharing is still live and only grow. staoshi nakamoto was bring peer to peer money and bitcoinqubit is right its underground team not one person.

It's so inspiring to see other also help interesting to know which other countries also involved in Mass botting ** and help other people to get it right in crypto.

What you think about Tron which is also shit...

Give me your email and from there connect me to the guys in the use, because we are team from Israel. :-*

Matsuaki@yandex.com

this services dont need any verification which is great for to do all kind of things.


about tron, any project with billions of coins the smart people stay away from this, not only this justin is piss of shit.

we also search for other teams in other countries that do this, and share tactics and spread this info much more faster.

Decentralization is a concept that’s key to understanding how blockchains work.

Peer-to-peer technology has been around for a while. You might recognize it from the days of Napster, Limewire, or BitTorrent. Today’s open source software projects produce a sort of pseudo-P2P system, and companies like Airbnb and Uber unlock the “sharing economy” to simulate P2P networks.

A peer-to-peer system is a network in which people (or peers) can communicate and be productive with each other without a central governing body. Let’s break this down by starting with some context on what P2P systems are not.

with the power of the internet, we can make a secure, valuable, and faster monetary system than any that has existed in the world economy thus far.

bitcoinqubit this is what you explain million times, the origin of peer to peer money from peer to peer file sharing and while social networks was died and new was burn and other types of tech replaced by new , between all of them peer to peer os the oldest live and only grow and will continue to grow,

who think this is bubble he far away from the ball park and dont have any kind of knowledge about history and tech and other things.

i get you email nice to meet mate

Yehh I know Yandex is great but when I do something with others we most of the time use email from the deep web.

Yes alot here think that when I say that peer to peer money come from peer to peer file sharing it's not true and other shit but it shows that a lot of people here uneducated , while a lot tech die out there and replaced , and social network after sometime died and other kind of services, peer to peer which is very old , only grow and grow hhhhhghhhg around 1B computers share files on a daily basis, now here it's peer to peer money...

Hell how people don't learn this simple stuff from where and why and other things....how the fuck it can be bubble it's fucking the holy Grail like peer to peer file sharing.

Mate I wait to meet the guys from the USA to share tactics and search for other teams around the world which work with Mass botting and save as much possible people from overload information and explain in simple way why to stay away from stable coins and huge supply  projects.

I heard also vitalik the founder of ethere and few others also have a system in place with bots, :))

we will act as biological and technological distinctives to our own your culture will adapt to inservice us, resistance will lead to

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in my opinion if you match bitcoin with the internet or whatever you are wrong, bitcoin in my opinion is something valuable in digital form that can be traded. and for the price of who knows what bitcoin will be, what is certain is that Bitcoin is now the pioneer of other crypto

oh yes we all know that bitcoin is a huge bubble and big scam .
thats the reason why we have registered here and posting here.
So we are all against Bitcoin and all altcoins :D


regards