Bitcoin Forum

Has been a while since I last saw a bullish prediction for the next months. Guess everybody is a bear now, ha?

Where are the people screaming that 450 is cheap and "to da moon"? Where are those 10,000 predictions and charts?

Fact is, I saw this masterpiece investigative series in my country (superbly filmed and documented) presenting Bitcoin. Major audience, Sunday 8pm.

Made me wonder. I think many, many people know about bitcoin. They just don't use it. And never will as 99.9% of the world is not interested in tech, money, economics, revolution, anti-bank, libertarian movement (and bitcoins sums all up). So we might be finished already with the bitcoin adoption.

HODL  ;D

Yep, sell all yours BTC and live the bitcoin community alone ... :P

this is bullish...

I have friends who bought Bitcoin. They have no idea if Bitcoin is anti-bank or libertarian. But they know you can send bitcoins fast, cheap and more or less anonymous. And this determes whether people use Bitcoin or not. You don't have to be libertarian...

I am convinced that Bitcoin will gain in value over time. The question is how low it will go the next months to find a bottom. So many, really many people just wait. They wait to buy. Millions of dollar are waiting to get invested. But even if you are convinced it will rise in the future it could make sense to sell/wait in the short run...

Exactly! That's what I have been trying to explain the line drawing TA "experts" here. The western markets are saturated. People decide their stance on bitcoin quite quickly and they tend to hold this stance with radical belief. They either hate it or love it. Most of the western world knows about bitcoin and those who wanted in, are already in. And those that didn't want in, will never enter.
Only chance for BTC to pick up again is to spread at the markets in south- and central-America, that could create a bigger boom then China did. Bitcoin expansion just loves corruption, lawlessness and dumb money, so we need those countries with drug cartel problems, that would have most potential for BTC growth.

And don't blame the average Joe for not being interested in BTC. People aren't interested in BTC because they're stupid, but mainly because they're not into gambling. Because that's what BTC is, more of an gamble then an investment. There are too many unknown variables to call it an proper investment.
When average Joe doesn't want to gamble his mortgage or his kids college fund, then he is not stupid for staying clear. He is just playing it safe with earning money by doing good ol' fashioned work.

You are talking bullsh*t and don't seem to understand bitcoin. Just another one trying to get rich from nowhere :)

All the people that have been screaming to the moon are embarrassed for being constantly wrong.  I want them to come back as we need people spreading bs rumors about bitcoin going to the moon.


99.9 percent pf people are not interested in tech and money?  I'm sorry but that is the stupidest thing I have ever heard in my life.  Maybe if you said 99.9 percent of people aren't interested in crypto currency or something, but saying 99.9 percent of people aren't interested in money and tech?  Wtf, did the world move into the woods to become one with nature overnight?

The fact that BTC is trading above $0.00 is proof that not everybody is bearish. I'm bullish and am expecting a trend reversal within the next few months.

My BTC are safely locked away in paper wallets and I laugh at the fools who panic sell every time China bans Bitcoin.

https://twitter.com/barrysilbert/status/447836584554266624  ...and that was March 23rd.


The light of dawn will always find Bitcoin (or its spiritual successor) riding toward the eternal sunset of glory.

 :-* all you bears, it's a shame you have no courage or faith to believe in a just cause.

Those were requests from the investors.  Not solicitations to them.

Either way, we most certainly will see!

I think it is too late to sell now. Bitcoin hit rock bottom. No point in selling this low !

Agreed, while I as reading this post I was seeing some pretty good reasons to hold onto cyptos.

Yep, $400.11 was the bottom (unless we get more bad news). There's so much resistance at current prices that it's ridiculous.

it is up it has always been up. I bought in at $4-20 sold out $200-600. Until it gets back to $20 i am considering it to be up.

Oh wow, a few people in here don't really understand bitcoin the technology. Bitcoin or some crypto (95% sure its bitcoin) will replace the financial rails of all the major institutions.  I'm talking from banking, to stocks, to payment and remittance. Bitcoin is the superior technology and will out compete and out perform every other competitor. Why would you use moneygram or western union when there is bitcoin company in the same grocery store doing it for 1-2%?

Bitcoin adoption will happen in influxes, the tech savvy will read into it first, and get the lighbulb. They will create the beginning ecosystem. Then the entrepreneurs and venture (where we are now) will find out about it and build the businesses and companies on top of that. Then the regular mass of people will come in waves as the new businesses and companies are created that meet customer demands. Many or most even will not even know they are using bitcoin directly. It will be behind the curtain so to speak.  

There will be speculation and crazy wild swings, why would it not? Imagine if the internet had a value, it surely would not have been a smooth ride. Senate meetings about child porn and gambling would cause the early internet price to plummet. News articles calling it "no better than a fax machine" would erode the confidence of many about the future of the computer internet. Not many people imagined it would go so far, but the ones who were educated did.

Because China banned it! And the IRS makes me pay tax on my capital gains just like I would with profits from any other investment~!!!111one

</stupid speculators>

When you say bear do you mean long term or short term?


I have always thought this year would suck and i'm gonna continue to wait for good news... so I'm bearish for 2014

but i'm hella bullish for the long term

You're right, what I said is not what I meant. 99.9% are not interested how tech works (thus don't want to know why bitcoin is secure, etc) and are not interested how money works (banks, fractionary reserve etc)

.... yet given the choice, people will never pay a fee they know they can avoid.  

It's not that the masses don't care, they are simply unaware of how the protocol so revolutionary to the concept of transmitting units of value within the marketplace.

Lol. What a bad troll. You can do better. What the guy said is all true. At the end of the day,no one gives a damn about your policies,all they want is convenience. Can you send my money fast without taking out from it? Yes? Then,I'll use it. Your anti-bank agenda and whatnot BS can go suck it because the average Joe uses and trusts his bank. He uses fiat,which has been held by the present economic structure to be a very stable foundation for his everyday needs. Sure,now and then,things go wrong,but not everybody's going to pour all his savings into something he does not fully understand. I'm attracted to Bitcoin for it's applications and for the Bitcoin protocol,not a policy it seemingly stands for. The government the founding fathers envisioned was one that helps people. That's what a government stands for. For every government exploitation,there are a hundred things the government does to help you. You don't like your government? Then why the fuck do you keep voting your senator back into power every time? Get rid of him and get someone else. This is not the Wild West anymore. /government:rant

Well said, atc1.

The fundamentalist libertarian / anarchist ideological influences that have thus so far impeded Bitcoin's mainstream integration into the marketplace will be expunged as time goes by.....by people like you, me, and others - one post at a time.

Exactly the indicator we are waiting for.

BUY BUY BUY :D

Now that, I believe. 

Why are you putting words in my mouth? I just pointed out that OP is wrong, I did not fall into an argue because that kind of people have their mind made up anyways and it would just be a pointless waste of time.

What comes to governments helping people, they should and could do a much better job. Nobody can be all-popular, but their arrogance (which has been rising massively lately) doesn't take them far. It just stretches the difference and hatred further. When the founding fathers envisioned USA, I'm pretty sure that the world we live in today wasn't what they were going for. There was even more than one fight against the banking system, with J.F.Kennedy being the last one to fight it and look where it got him.

I'm an Estonian, we don't have senators, but I'm a regular voter in every election. Even one vote CAN make a difference and I never vote for some sh*thead idiot who hasn't got anything else than promises. Have you seen what happens if you try to get rid of the "upper guys"? They just use force to make you silent. Oh and in most of the world (yeah, even Western world) it really doesn't matter who you vote for, because votes can be distributed between the same party and power goes to the people who are seen to suit it the best. The sh*theads won't disappear by voting, they can be taken down only with a revolution.

And ofcourse governments have to help people, if they don't, there will sure be a revolution. Governments are good in making people think they care for them, where really they don't give a shit. Much of the help goes the wrong way (in the pockets of the "Big Guys").

We live in a sick world and I see Bitcoin as one of the medicines.

Well to respond to this, I believe you have made up your mind as well. To talk about me personally: nothing is ever set in stone on my side, but when I do take some position on a particular subject it is mostly not for the short term. I will invite you once again to tell me why I was wrong there.

I believe you see Bitcoin as a necessary evil in some ideological struggle. I hate to break it to you, but that's not why 90% of the people here owe Bitcoins. They owe them for other reasons and the crypto-anarchists are a vast, vast minority among the people responding here. For them, Bitcoin is not a tool to challenge governments. They know better than to drown in a sea of ideological, non-realistic nonsense. To wrap up: there sure won't be a revolution, especially in our western world. People here tend to be very servile in nature because of their own well being. It will take a lot of misery to turn that into a revolution, something that is highly unlikely if not nearly impossible to happen anytime soon.

And it doesn't need to be bad. Most people want security in their lives, and the current fiat system can give that to them on the financial side. At least - arguments about this topic aside - thát is what they believe. I've been voting for quite a few years and I know just how useless voting is. I still do it, out of principal reasons, but the people is never really in power in a party based democracy. There will always be compromises and almost never will one party do whatever the hell it likes. The sooner you have peace with that hard reality, the better. The only 'good' way out of our current system is a meritocracy, which is very difficult to realise in our current society. I believe that we, at some point, will revert to benevolent dictatorships, which might be easier to maintain. But change won't come from an anarchist's dogmatic point of view: governments are essential for our survival. People are herd animals, and every herd needs a shepard.

But getting back at Bitcoin: governments will not allow it. They will not allow their right to issue and control currencies to be taken away. It will pose to much risk to them and the financial system, so they will step in whenever Bitcoin gets a few times larger as it was last December. Until most of the coins are evenly distributed among the populace (which won't happen), Bitcoin remains firmly attached to its banking umbilical. Take away the banks, and the whole house of cards will fall down.