Bitcoin Forum

Bitcoin is a little toy that's been played out

Unless you've been here since the single digits, I don't think you have the authority to make such claims.

Riveting and enlightening topic. Thank you.


Nobody can make that claim without hoping to get some laughs.

No facts, reasons or whatever?
Welcome to my ignore list.

People who want btc to 'crash' are either somehow threatened by btc or want to buy cheap coins because they know they will make money from the subsequent rally.
Smart money buys low sells high. In order to make money someone else has to lose money. I'm betting  most doomsday sayers around here are buyers waiting for cheap liquidity. Dont make it your liquidity!

Day of the trolls I guess. Getting a bit tiresome.

This trolls with registration date after the last bubble most of them have no idea what bitcoin is , they entered just triying to make a quick buck for what they "heard" and now in the first bad signal they leave it, investments are not for you. Lol

+1

I have been on the bear side before, but I really think that we're set to start some strong (not parabolic just yet, but strong) price growth here in the next month or two.

as someone who has been here since sub single digits, it is possible to get stuck in one's own little echo chamber.

but when i step back and look at the progress since i first learned about Bitcoin, the only change i see is massive progress.  it's come further, faster than i ever expected.  and it's still only 2014, with my outer bound time limit being 2020.

1.  protocol still intact w/o a major hack or bust
2.  mining security still growing exponentially-makes me calm and happy.
3.  significant merchant adoption beyond expectations with Dell, DISH, Overstock, Expedia being great examples.  and there are more coming.  and they WILL begin offering discounts to lure buyers.
4.  record # wallets-blockchain.info >2M
5.  numerous positive news articles all over the world of adoption successes.  this protects against a major adversary like the US gubmint.
6.  derivatives exchanges beginning to be established to provide greater liquidity and depth (gotta be careful about this to prevent naked shorting, but still overall a positive).
7.  ASIC mining companies pushing the limits of 20nm and lower tech.  soon Intel and AMD will follow.
8.  improvements in wallet security.  i don't understand how ppl keep getting hacked.  i've never lost a coin. ::)
9.  certain gubmints lightening up and looking more positively on Bitcoin unlike the NY clowns.  places like Switzerland, UK, Singapore, etc.  The discord will guarantee that Bitcoin flourishes somewhere.
10.  gold and silver faltering-a move of just 5% out of that market into Bitcoin will jack the price.
11.  stock mkt potentially topping-i think problems in the real economy will help Bitcoin with flows seeking safety.
12.  bond mkts at all time highs-if we get a rise in interest rates, same thing.  5% of flows from there into Bitcoin will jack the price.
13.  forex mkts-largest mkt of all with only one direction for the future values of all fiat-->DOWN.  5% flow from that mkt will jack the price.
14.  real estate starting to suffer again-avg Joe looking for yield no where to be found except maybe Bitcoin. it is The People's Money after all.
15.  halving of the block reward 2 yrs out.  we'll probably get a huge rally as that draws near.  now's the time to buy when others are selling.  they'll be back for sure.

where is real estate starting to suffer again? in my market were on the rise, as well as most surrounding areas. i only ask cuz i might want to get in at the bottom haha. but i agree bitcoin has a ways to go. think of how long 3d printing has been around (late 80s) and its just now starting to become popular in the next 20 years it will likely take over a significant part of the manufacturing sector. some troll earlier today said "people are getting out of bitcoin because adoption has stalled" i don't know if he has just intentionally ignored all the events of this year or what, but adoption is ramping up faster than i thought it would. more people have come in this year than in the last 3 combined. its just getting started. unless you want to retire THIS YEAR on your stash of 6.3BTC then its still a good buy to me. id like to see a real margin slide, wipe em all out, just remove that uncertainty because we all know thats a large driver behind this correction. it will rebound with a vengeance per usual, a month or year from know, i don't know or care. i don't need my money out for about 10 years at least. i can wait.

https://bitcointalk.org/index.php?topic=68655.msg8369293#msg8369293

I'm afraid the internet is slowly being taken over by trolls. The troll apocalypse is upon us! :o

How is this any different than normal? =D

I think trollbox has come to bitcointalk. OP never had any btc in his address  :D

Now that you have learned how to check an address... next step is to learn that one person can have multiple addresses :)

I'm not sure what's the point in announcing that you put someone on ignore...

oh national average, makes sense.

good post +1

This is not true.  All forms of currency are IOUs to be redeemed for something of worth in the future.  Technically, the asset price could rise forever, and then the sun explodes killing everyone before too many IOUs being cashed in creates a tsunami in the market.

Do you think a toy would be worth thousands of dollars and used by major retailers?  That's where we are heading man. There's nothing now that indicates to me that bitcoin is going down the tubes.

I could not have said it better.  In fact most days I am speechless as to how far this "experiment" has come.

It just feels so sweet. Welcome to my ignore list to!

no comment.  ;D

Fine throw your coins away. Something with "weak hands". Enjoy your monopoly money.

Anyone selling now is going to seriously regret it by the end of the year, mark my words!

Great post! I think we need a bi yearly summary topic like this. Things are moving so fast that you tend to forget were Bitcoin is coming from.