Bitcoin Forum

I met with my other oracle today, Lady Shazam, and she told me as soon as I stepped into her hut, that bitcoin is dying.

I was stunned, but realized she is right. Bitcoin is dying.

*If anyone here is named Bitcoin, I apologize for the confusion, I'm talking about the bitcoin cryptocurrency/protocol, not any person* Thanks

Duh...

Please use your facebook to try get attention ....

lol, Lady Shazam.  

Well, that confirms it then. :D
Go ahead and get to the part about how your alt-coin is the solution.

The news are actually bigger than china's bitcoin banning! sell! sell everything you can!

Lady Shazam was just a little fucked in the head after I fucked her in the head.

Excuse her.

That is true my friends. Bitcoin is dying. As we are all dying little by little. But bitcoin will be alive at least for next 50 years. And that is all I need. :)

not 50 years but i think this will alive for next 200 years we all will rocks with BTC

"Beware the Doomsayers that seek to exploit the fears of the simple minded for their own profit.............that is all..."

P.S.     That was my fortune from Lady Shazam  :P

50 years?  so then paypal should have been dead by now, bitcoin wont die anytime soon who knows in the next 3o years what technology it could be integrated with.

Lady Shazam speaks to you to? Ah, we are blessed aren't we, such guidance.

That -22 trust...

There is a song about this
  ;D

If she says Bitcoin is dying, it will definitely become a worldwide success.

Did she mention who was killing it

Lady Shazam?

Isn't that the name of my therapist?

Here is video of Lady Shazam http://www.youtube.com/watch?v=qHtjP1g5uvk

As to new coins its kinda secret. It can be revealed for 11 BTC.


Also https://www.fanfiction.net/s/5428784/1/SMST-24-The-Trials-of-Lady-SHAZAM (https://www.fanfiction.net/s/5428784/1/SMST-24-The-Trials-of-Lady-SHAZAM)

time to buy BBQdogebuckse-moneycoins

Remember me please if that happens. :P
BTC will not have a sudden death cause that can cause suicides. :P

Its survived and went through a lot,so i dont think its going anywhere.

It just shows that people who messed up in business like the exchanges, need to do a better job and more possible of competition.

Perfect example that we all know is the Mt.Gox. story.

bitcoin will never die  ;)

Subject: Bitcoin is dying...permanently


Yeah, I wish it would hurry up and die so I can clear these miners off my desk.

It's a real hassle those coins popping up in my wallet, converting them to fiat and buying things with them. I hit ROI ages ago so all this free money can be problematic and annoying. You know, I could put a fish tank or a few plants or even a lamp in the space where those pesky miners are...

 :D

Very much so, now if you all will excuse me I need to go make my daily offering to the great chicken god

http://lolbot.net/pix/1268.jpg

Maybe replace those miners with some type of flowering plant, in remembrance ya know? or you could go with another plant that could possibly make just as much money as the miners did.

If Bitcoin does die can I have all your worthless coins?

If you take another read of what I wrote you'll see that I convert all my coins into fiat.

I personally have no use for bitcoins, it's been fun, but they're fundamentally worthless to me as I prefer what used to be called real money. I've made ROI and then some on my miners and will continue to mine with them as long as its profitable. I sure as hell am not going to be buying any more miners and I don't care if bitcoin dies today, tomorrow or whenever.

If it continues, well, that's fine but bitcoin is in broad terms a relatively unattractive commodity to me, it's hopeless as a currency and virtually all infrastructure associated with bitcoin is riddled with scammers, thieves and charlatans. Speaking of which, it's been a while since the last major scam, con, swindle, hack or business failure took place in bitcoinland, any ideas who's going to get hurt? Oh that's right, it's always the little guy that gets their coins stolen, isn't it?

 :-\

I think its far from being a popular currency, but it is still a great commodity imo, well we will see, I am waiting for the software to appear that transfers bitcoin in a second, that will make it a viable currency and pull it back out of being a commodity, scammers are everywhere, in every business, I have no doubt there are hard working honest individuals involved with its progress.
Man never forget its still new, all the kinks have yet to be worked out.

I should hope not, what hope for us if the oracle is right?

You make a good point, it is still new and it will develop in time I imagine. I'm certainly not anti-bitcoin, far from it, otherwise I wouldn't have become a miner in the first place. I suppose it was inevitable but it's been rather disappointing how quickly bitcoin became corporatised and the idea of mining is even more appropriate now as larger sums of capital are required to get any significant level of return from the activity.

This shift as the difficulty level has increased makes it less and less worthwhile for individual miners and that in itself has tended to cancel out many of the egalitarian benefits that were associated with the rise of bitcoin in the early years. Until the currency becomes regulated and properly accepted by legal, financial and tax bodies around the world, any appeal and value it has to me is far outweighed by the hassle of tax and capital gain reporting requirements. It's not going to be fun attempting to put a price valuation on every piece of dust I have mined, when I mined it... and value it again when I spent it but in theory that's what I'll need to do to enclose it in my tax return - that's the impact of it not being regarded as a currency here in Australia (similarly to the US I believe).

Who the hell wants to work out capital gain implications of buying a cup of coffee?

 ::)

Now I know why this thread in on the off topic. :P
Those who are holding lots of BTC will be terrified with this.

I think Bitcoin will not just die with its current price cause that can cause havoc. They will do things to avoid this thing and make it just balance in the market.

This makes sense.

Now you do know that as soon as Bitcoin took a strong hold in the world every government kind of needed to defend its own currency, right? See if there was no regulation then why would we need USD and AUD? Take away the daily proverbial cup of coffee from someone until they agree to hold an amount of central currency and your currency is safer then it was cause its got a bright future in wallets, for the cup of coffee  ::)
Obviously some new program to do all the tracking involved with our tax obligations needs to come to light.

You're dreaming. Bitcoin hasn't taken a strong hold in the world, only a strong hold in the mind of nerds and counter-culturists.

Anyone associated with bitcoin won't be taking the cup of coffee away from anyone, least of all central bankers as bitcoiners don't have the coercive power or any material ability to do anything - quite the opposite, who do you think has the laws, guns and money? It's not a few arseholes with bitcoins, that much is clear. Hell they cannot even get the unit recognised as a legitimate currency.

Bitcoin does not make any fiat currency more "safe", that is some type of spurious argument based on an unproven notion that we need a world currency. If anything the European experience in the aftermath of the global financial crisis has shown us that there are strong reasons why specific economic areas should have their own currency unit. It would have been far better if Greece, Spain and Italy had their own independent currencies rather than being part of the Eurozone as those countries exchange rates would have dropped verses the Euro and the USD making it easier to attract foreign capital, stabalising their economies quicker and not confining a generation of young people to the unemployment queues.

There's so much garbage spoken by proponents of bitcoins that is completely decoupled from any economic and political reality that it's embarrassing to read and it doesn't help bitcoin in any way.

And that "new program" to do "all the tracking involved with our tax obligations" already exists, it's called Prism ;)

Think about it.

And remember the old adage, 'It's better to remain silent and appear a fool rather than open your mouth and confirm it.'

:)

Let me be clear as to what I meant,
1. Bitcoin has a very healthy community of supporters that want to see it succeed, it is not going to disappear over night and will change and adapt before it fades away if it ever does, which imo is a strong hold in the world even if its not a big hold.
2. When I said "take someones cup of coffee away" I was making reference to governments taking away the privilege of using Bitcoin easily while remaining lawful.
3. When Bitcoin emerged into the media it was very apparent to me that it appeared as a threat to central banking, although just a subtle threat, a threat nonetheless, if it would have remained without regulation it could have been one more thing attacking the value of the USD as people start to hold it instead of USD, USD remains safe from Bitcoin's threat as long as people prefer it over Bitcoin and continue to keep USD fiat in their wallet.

Not sure how you got me mixed up, this is just my own perspective and opinion, and I find no value in basing anything on dreams of possibility's.

I for one am not for a global currency,  mix a few cultures together with one currency and you get the eurozone   ;) I think your right on point with Greece Spain and Italy,
proponent's of Bitcoin say what they think will help it and it took them saying something to get it this far.
There seems to be an old adage for every situation, 'It is better to speak and be heard rather than being viewed as dumb'  :D maybe thats something everyone does not agree with, in any case, opinions form quite differently through perspective, take a survey on Bitcoin and ask people to put in words what they think it is and what their opinion about its use and history is, I laughed so hard several times when I did this, and it did not help them having me try to explain it to them as I try to put my version of it in a nutshell while half choked on the humor of the situation.

Thanks for bringing prism into the light  :)

I think its safe to say its here to stay.

If you think its dying, I`ll be glad to take it off your hands.

Let me know  :)

Very interesting, lol

Yea, it's true that bitcoin is dying.

It is? I didnt even notice.. why would you say that though? Do you have any specific points?

Take a look at the charts again.

go hang yourself dude right now bitcoin is rising so it will survive for the next couple of years so stop spreading FUD

I'm trying to work out exactly how much the electricity costs for my rig are and while I don't live in a jurisdiction that has cheap electricity, quite the opposite as electricity costs are rising pretty fast here, I'm thinking that it will only be another couple of months and I'll turn off the rig, sell whatever bitcoins I have left and then forget about them forever.

Bitcoins are absolutely irrelevant to me and with the difficulty rising so fast my rig will be more or less obsolete in a few months anyway. What many American-centric commentators on this forum forget because they are too busy, as my friend puts it, "sucking on the anti-government wang" is that the chronic self-hatred and self-loathing that many Americans have for their government, their institutions, their financial apparatus, their politicians and their fellow countrymen and women isn't translated in other parts of the world.

So while many Americans think that everyone else hates on their own respective countries and cultures and that bitcoin is some panacea to these ills, their combative attitudes don't even come close to translating to the rest of the world. In fact, it's gone the other way, where given the American preoccupation to play policeman and try to bring the hammer down on anyone who doesn't see eye-to-eye with whatever administration happens to be in power, it's actually most noticeable in financial services where in Europe particularly, many banks, fund managers, brokers and investment houses just refuse to deal with Americans as they're disinclined to put up with the arrogance, mock self-righteousness and legal extrapolations to satisfy the whims of 'American compliance'. Take a look at any European mutual fund provider or even an everyday bank, most of them explicitly exclude US persons from using their services, indeed, it's up front on their disclaimers and you have to tick the check box "I confirm that I am a non-US person" before being able to access the prospectus or product application form. You can be from Somalia, Mongolia or even the Moon as long as you're not American, you can access their products.

Time and time again people argue on this forum that bitcoin will somehow save individualism, restore capital to the people and wave a magic wand over so many other areas of supposed global concern which aren't global at all, in fact, we just hear this rhetoric from (marginalised?) Americans who try to extrapolate their insular hatred of authority to the rest of the world... and it's just not the case.

Far from bitcoin promoting individual liberty or libertarian agendas, it's actually the opposite - as individuals like me wonder about the cost efficiency of running their rigs and trying to figure out whether they should keep mining or maybe buy more hashing, it's pretty easy to come to the conclusion that individual miners will always be playing catch up spending more and more on miners and getting less and less by way of return due to rapidly increasing difficulty. How does the individual miner compete with corporate mining farms? - well, they don't, do they?

I've made ROI on my rig, probably made double or more than double what I paid for the rig and that's fine, no complaints here, but so what? Many stocks, options, futures and other far more accessible, liquid and flexible instruments have easily done the same for me. Bitcoin hasn't gained any regulatory traction, quite the opposite, it's being rejected as a currency in more jurisdictions than accept it and if the 'hammer boys' in the US aren't prepared to regulate and provide a free framework for the promotion of the unit, what's the incentive for other jurisdictions to promote it? They already deal with enough grief from Americans in the financial sphere so why would they bother to promote bitcoin and generate more antipathy?

Bitcoin may live, it may die... but either way I don't give a damn because it's absolutely irrelevant and intrinsically worthless [to me]. Give me a stock or a future on a regulated exchange any day. You might get a rough ride on the NYSE or CME, but whatever happens you've got enforceable rights, half a chance of making a profit and you never get Goxed.



*flips two cents and walks away*


;)

Dying indeed, huh?

Bitcoin price is now around:$575.00 According to the biggest American exchange market Bitstamp. Pretty much bitcoin is alive and kicking.

LOL bitcoin not dying it rose again :D

miss cleo told me otherwise.

http://i1.ytimg.com/vi/VODtA9bGz0A/maxresdefault.jpg

was on hold for the first 3 ;)

no one will get horrified by this, is just a troll posting negativity, probably hate that he missed the train and can never be a  bitcoin millionaire

as much as i agree that Lady Shazam is an excellent source of information about the future and tapping into psychic energy and all that, i think she is way off on this one. i think she needs to get her psycho-meter tested. is that what they call it? psycho-meter?  :P

Yeah! Really nice to use this forum to say nonsense things...

Cool!! Lady Shazan!! Great!! Wow!!

with the strongest computer network in the world backing it? yeah, unlikely.

Better ban lady shazan for spreading FUD ;D bitcoin isn't dying in any way.

I wonder how many times I have been told that "bitcoin is dying" or "bitcoin is dead". So many, I could never count. The world is full of naysayers, and the honey badger just keeps on keeping on.

Don't worry. It's Polycoin. Really no use in replying to his threads.

Yes, she is top notch. Her predictions usually have a 360 day grace period before they come true. Give it time, give it time.

i'd say more like "Bitcoin is growing...permanently"

I'd say adoption is most definitely increasing right now. Dying? Hardly. We are on a short term up trend, and it's just catching up. Remember: price lags the strength of the network -- the fundamental value of bitcoins.

Bitcoin seems still breathing as per some updates.  :P

No wonder that these days there are so many ignorant people. Lady Shazam? Please tell me my future, also teach me how to dissapear and create fireballs while you're at it?

Wait don't fret! I just spoke with Lady Shazam this morning. She informed me that it was he twin sister filling in for her that day and she is not clairvoyant at all. All those powers were bestowed on the Real Lady Shazam and she says Bitcoin is going to really take off the next few years. I'm not kidding. My sister went to school with Lady Shazam!!

I need you to ask Lady Shazam when we are hitting 10K so I can start daydreaming about retirement.

so you should have posted this in especulation, is where the common bears belong.

I think it may evolve into something else over the years, depends on the overall acceptance.

go die with your bitcoin polycoin  :D

It will never die stupid knucklehead.

Can somebody die temporarily?  ::)

Yes Bitcoin was declared dead a long time ago by none other than the most authoritative person on the subject, proudhon:
https://www.youtube.com/watch?v=A7TuFy0fcuw (https://www.youtube.com/watch?v=A7TuFy0fcuw)

if Jesus resurrected, why wouldn't bitcoin?

we already did it a couple of times

we'll do it again

Matthew 20:15

"And thus, bitcoin shall resurrect when it reaches the 1k mark"

I always consult her when I don't know the name of some obscure song. She really has to be some hipster! She knows every freaking song on the planet. Highly impressive!

Lady Shazam spreading FUD...I heard mystic meg luvs the bitcoin though

Bitcointalk is so much fun, who cares about Bitcoin anymore?

:)

:D quite funny actually.... (not)

Sure thing buddy

In case nobody else told you, Lady Shazam accepts Bitcoin.

:)

I`ll take all your bitcoins, if you are living under a rock think its dying, thanks  :)

No, it's not. It's only around for few years and we have many big milestones to hit. check your facts buddy.

It seems it started. That friend of yours was so right.

"Right after I, the Lord, slap the shit outta Job."

http://upload.wikimedia.org/wikipedia/commons/7/73/Bonnat02.jpg
"Lord, why has the price fallith?"

Because its a good idea to spread FUD about bitcoin on a site where people are very much invested and ingrained in the thing you are spreading FUD about, its the same as going to a Linux forum and spreading FUD about Linux...

Great info, thank you for this.
Now, I know what I should do, quickly sell all my Bitcoin and start my long planed trip around the world :)
Thank you for warning, really appreciate.

To be fair though, many people here don't like Bitcoin that much but are just speculator who desire to make fast and easy profits.

Yes, many people are here just for money, and will happily leave the boat if things do not looks profitable enough. So anti-Bitcoin FUD can cause good damage even here.

Honestly, I don't know. Your "info" is not based on any sort of fact, however the way prices are moving, it's not impossible that it might be true.

Getting really sick of this whole Bitcoin is dying sell now so I can buy because I wasn't a early adopter and was too slow or too stupid to invest at the right time its just pathetic attempt.

There's always going to be a certain amount of bitcoin activity around, just like there's a certain amount of criminal or drug related activity around. However much lawmakers would prefer to suppress or eliminate that activity, there's always a percentage of people who'll make up their own mind on what they choose to do irrespective of what types of behaviour is preferred or expected.

The main issue with bitcoin is that without formal governmental regulation, it exists on the fringe of society, much like criminality or drugs and with bitcoin occupying the shadowy world between legality and illegality it doesn't provide confidence to those potentially interested parties who would be willing to get involved or those that want to increase their involvement and move forward strongly with the currency.

There's an oft-used phrase in financial markets, "Business hates uncertainty," and there's absolutely no doubt that with bitcoin being essentially unregulated, the lack of clear, accepted international financial, tax and capital gains valuation and reporting mechanisms present substantial headwinds to the continuing growth of the unit.

Bitcoin might not be dying, but isn't thriving either.

What do you want your investments to do? Do you want them to thrive or do you prefer to have doubts about even the viability of bitcoin?

Beware the regulatory hammer that may criminalise your coins at the stroke of a pen.

Remember FDR's gold debacle of 1933 and ensure that you're suitably diversified.

 :)

There is no move on criminalizing Bitcoin, even in China, and there are countries that are Bitcoin friendly, like Denmark, Germany and UK.

Also there are already norms about how to handle taxes and report bitcoin gains, in USA and in other parts of the world. May not be the best laws, but they  can be improved over time.

We are not one year ago, Bitcoin is not an investment in the gray are between legality and illegality, at least not anymore since the Silk Road auction. I don't think US would sell something they are about to make illegal.

The doubt now is how(and not if) Bitcoin will be regularized in USA and around the world.

Countries making Bitcoin illegal would only trigger a flash-crash; cryptocurrencies would survive through TOR, just like alcohol has survived through prohibition. It gives benefits that many wouldn't mind breaking the law for.

I believe It will recover to $600 in 3 weeks..

It is a theory but it would still probably be bad for Bitcoin to be banned

Imho, it would actually be good. It would help to get rid of speculators, and instead all of those who would risk using it are the legit users, who are not only into cryptocurrencies to make a quick buck.

Understand your reasoning but massive adoption will be postponed if Bitcoin was banned

It is hard to speculate because we don't know the world we'll live in in 10years after the western financial collapse and the USD collapse

I hope not, I just invested into some more coin  >:(

These troll threads honestly need to stop, I am tired of them. Please stop.

I met this so called Lady Shazam once upon a time..she told me..I will be dead in 2 days..I am still here...

They aren't dying there just going up and down like always.

you have never seen a bubble bursting right?

Going alive again with its value going up a little.  ;D

Maybe last breaths? :D

Just watched it drop 3 cents. Its the end I tell you!

I don't think so.There still a chance.So buddy, don't worry about this, just wait and see because good things come to those who wait.

First people are saying that BTC is growing so fast and next thing it is dying... not sure what to believe anymore :-\

yes, some day but not yet

Do you guys honetly think taht there will be collapse of USD? Do you think that bankers would let it happen? They will just erase the debt, if there will not be any other way... Why wouldnt they do it? They will go default and act like nothing happend.

At one point it's impossible to maintain, like the Deutsche Mark or Zimbabwe Dollar. By then they will realise they lost power  :)

So now we have a "mining bubble" too?
http://www.rafamara.com/blog/wp-content/uploads/2011/04/Facebook-User-Growth-Chart-Rafael-maranon-MIT-Blog2.png
Is this a "facebook bubble" that will collapse?
Mining won't collapse, once it becomes unprofitable some miners will turn their devices off the difficulty will adjust and it will be profitable again for the remaining bunch.

I ran into that thread today too. People can say what they want, but there are too many "stupid" people; ignorant or whatever you want to call them. Facebook is far far from dying. Don't get me wrong I want it to die too!
Bitcoin shall survive, and I don't see a problem with mining. Unless a pool gets to 50% and over again.

meh, the price might fall to $300, or maybe $250

Nah, I doubt it. But if it does it'll be a good time to buy.

Once it hit $400, a lot people would buy in. Its possible but it take some panic selling..

Wow, looks like the bubble for new cars made back in the early 1900s.  Good thing those cars disappeared and we returned to horse and buggy.

Tulips anyone?

Yeah, it's still a good deal to buy in because I think that it could get back to $1k but it might take some time.

I hope to climb to  1,500$ by December

Yeah, well if we have to resort to fortune tellers in order to deal with Bitcoin, we may really be in some trouble or final capitulation already :D But honestly, I don't think that Bitcoin is over. If you're merely measuring its success in its price, you're not doing yourself a favor!

There has been bigger collapse than the US collapse, all first world countries have end up collapsing after 50-700years, the US will only be the last one to do this, remember when the UK, Portugal, Holland, China or France was the first world country?

all money is debt, to the bankers

why would the erase debt? they'd destroy all their wealth.

Lady Shazam told you that?! So its true.... sorry guys Bye bitcoin

Can you ask her for an exact date and time?Thanks in advance

10.12.2027 It will be exactly that day.

Sure, Im scheduled for a next meeting in November.

Cool, that leaves us plenty of time.

Thanks for the info!

Sure! You must have noticed a lot of blood on the ground :D

I will hedge all my btc into xbc the day before.Thank you lady shazam for sound financial advice.feedback=Highly recommend AA+ 100%

Blablabla Bitcoin is dying,fud and bullshit everywhere.

its going to be going down to $1.  :)

No,you are wrong it will go down to $0.01...  ::)

Just watch, people will go homeless for bitcoin.  :)

Yeah, I agree. Ask him to stop smoking and drinking at least. ;)