Bitcoin Forum

What an optimistic place this forum has become. It doesn't matter if your shitcoin can't sell for 1 sat. "It's a long term coin," says all the bagholders.
Now lets all clap our hands and think happy thoughts, and we will all be as rich as our dreams.

This section should be renamed people who missed the bitcoin litecoin boat .

The greedier they are, the harder they will get burned. I have been so happy to see Auroracoin destroyed.

Yes lets stifle innovation as much as we can and be completely ignorant of the innovation around us.

Yes, let's all mindlessly worship bitcoin and put to bed these crazy dreams of creating choices for the consumer.

Surely you mean the "bitcoin litecoin dogecoin" boat?

Doge missed the boat but he is swimming along side, doing a hell of a job keeping up.

All this has happened a few times before. Bitcoin goes up to a peak, everything else follows, then the whole lot crashes down again. I admit the Chinese government had not come down on bitcoin like a ton of bricks the last two times, and the US tax man was out of the picture.

Hopefully bitcoin will hit a floor then go back up again. Is there something different about this cycle that will put a spanner in the works?

But why not be optimistic? Yay! World is good! Happy times for all folks. Secret to living long and healthy! Yes?

I will say, there are some different paradigms that we can consider when it comes to the "clonecoins." And there are actually some with innovative features. It doesn't necessarily mean as much though since this place is riddled with "crap."

[By the way, don't forget there were several other boats like NMC and PPC.]

I guess that is ... about 7,250,024,070 (http://www.populationinstitute.org) people.

Oops, that could easily become much larger than the current altcoin section.

 ;)

no it's el dude.  he means bitcoin litecoin boat

just boycott the notion that every state, every region, every city, every seperatist movement, every item that is out there, every holiday and every charity-cause needs its own coin (and then in the case of slight success 10 copies of that thing).
The truth is: we now have all the coins we need to do everything we can think of. Support notions to integrate new ideas into old coins instead of launching a new coin for every idea!!!

Innovation is not a problem. Scamming fools and innocents into putting real money into insecure systems is.

Deliberately making an insecure blockchain is little different from deliberately making an insecure exchange website.

It becomes a scam when people are encouraged to actually use it in the real world, the purpose of the scam being to cheat them out of money/wealth.

It is fiduciary irresponsibility, gross negligence, or outright fraud/scam.

Exchanges do it so they can pretend they got hacked, having insecure code to point at to show how the hackers must have gotten in.

Not sure yet exactly why coin launchers do it, other than maybe they plan to have dumped all their coins long before the insecurity of the chain becomes a problem so they just cannot be bothered to even try to make the thing secure.

-MarkM-

Bitcoin prices should rise up again, this is not the first price decline, we need to have faith in it.

If I want investments based mainly on sentiment and Euphoria I would tune into CNBC and buy the DOW pumped by the FED stocks.


People, don't replace knowledge with emotion. Emotion can sustain a pump and dump but it won't sustain an unviable product. Let the market work...


The reality is the market is going through one of two things,

One the market for Bitcoin and alts is dropping, genuine demand is falling as people question the value of the innovation.

Two it's a short term market sentiment drop that is a buying opportunity in a long term rally up. I believe it's this one. But I also think the drop off in many alt coins could be a genuine fundamental realisation that most aren't going to make it. I expect consolidation of the alt coins at some point of a top tier and lower tier coins. I'm certainly not seeing the big pumps working anymore on new gimmicky coins.

Let the market run and price crap as crap and great investments accordingly...you just need to work out which is which.