Bitcoin Forum

I did tell you it is best case stagnation and worst case total fail.

Switch to lower inflation coins which are less volatile before these dipshits introduce elastic supply and hype nagation of free market trade.

#just sayin'

call me what you want. I tell you to diversify.

bitcoin is bleeding like a pig for the next 6 years.

you are all emotional wrecks from the last bubble and think it'll be going on like that. It won't. Now is stagnation due to demand/supply. (best case)

Litecoin trades contrary to bitcoin. The market is out of tune. Panic around the corner. Low inflation altcoins win.

#end of message, pussies

LOL

/thread

all the people who went long on leverage will be opening threads about how shit bitcoins are. Hodlers as always will be safe.

Speculators panic, investors laugh.

 :) ;) :D ;D 8)

long on leverage is not me. I don't trade leverage.

"hodlers are always safe"
LOOOL

http://img3.wikia.nocookie.net/__cb20140625082633/skylandersfanon/images/c/ca/Chris-morris-jumps-out-window-o.gif

have some tradingcards my friend

https://pbs.twimg.com/media/B38SqYvCAAAlGDj.png

https://pbs.twimg.com/media/B38Swc9CAAAYS4T.png

https://pbs.twimg.com/media/B2QLMnJIgAEmJMd.png

in case this bitcoin thing really breaks lower there is no guarantee this will recover. What makes you so sure it will recover if it would hit 100$ or lower? the answer to that question would be of interest to me.

I'm the fucking alarmist here. So what?

Are you prepared for the dive?

Now rebound as i write this. If chinaman dumps on it: good night.

Do you have any understanding of how the protocol works? Have you even read Satoshi's white paper from before the code was written?

Or are you just a trader?

^This guy :D

you have got no fucking buypressure - but a hell lot of sellpressure.

do the math

this can get pretty ugly

It already is ugly... This was a huge and fast drop though, knocked out a lot of leveraged longs and lots of shorters covered, so a dead cat bounce tomorrow is expected! No biggie!!

some whales are going to pump and dump their way out before it's going to hell very likely.
If the whales start to cash out on each others pumps it'll be gone very fast.

i do understand it roughly, i did read it, i am a trader but most of all: i understand the marketforces and the impact of the much too high emissionrate of new coins.
Bitcoin is a nice first try but there is the logic fault in it which says you need high inflation to secure the network. I say: you need low inflation to secure the price because nobody will mine worthless coins either.

One sentence: the fundamental flaw is too high emissionrate of new coins for too long.

Or one could say: it was adopted too fast

currently negative feedbackloops dominate caused by said inflation.

the emission rate is not to fast. it's perfecly timed. it's just not perfectly timed for quick wins. and this is the hard thing many people have to learn. hence bitcoins distribution will lead to better distribution, than seen in other "inflation resistant" coins. in the long run distribution and usage equals value.

it's volatile as fuck. It's useless as currency or store of value for years to come.

true for now. so, what exactly don't you understand in: "the long run"?

in the long run fine, but this is the internet and my grandma doesn't use it. Informations go viral within days and people click shit a few billion times within weeks. So what sense does bitcoin for the internet make? None.

It's old story already for everyone on the net ... bitcoin is for my grandma not for the internet.

It is in a way designed it hinders its own adoption as internetmoney. Informations spread faster here.

Now you have a super volatil crazy token - why should people want to use it after all of this volatility. Nobody is going to trust it anytime soon.

sorry, but i don't think, that bitcoin is nor should be for your grandma. people will stick to what they already know. especially if they become old ( i don't mean in age, but in their attitude to life).

it's good for gambling and speculation.

The bearmarkets are no fun at all.

It is useless to store value.

Can't be adopted for currency or value store right now ... long run, yes ... come back next decade. Thanks.

100$ possible.
Then rise to 1000$ possible

but normal people will not use that.

Bottom line:
https://i.imgur.com/YvOsLt8.gif

and now it is further down - bottom? No idea when and where. Direction is: down.
Bearmarket is: 1year+

You people are masochists aren't you?

I do see the risk of a failure because interest and demand is in decline.

You know how it'll turn out? It'll keep going down and then suddenly shoot up 2000% (or more) in 2 weeks and then crash again to repeat this BS.

haha

grrreat coin you have there.

The bullshit is caused only by the too high emissionrate in the first place.

Less inflation = shorter bearmarket = no negative feedbackloops and rampant shortselling = more stability = faster growth = faster adoption = good profit for everybody = and actually more decentral mining

but masochism is ok too if that is what floats your boat  ::)

i did warn you: there is the possibility of a failure here
It will become eventually apparent later. I am very early and maybe i am wrong - maybe not.

I did loose faith in it to be quite fucking honest 

it's impossible to know what will happen to bitcoin in the next 6 years, come on!

P.S: can you make an example of  Low inflation altcoins?

Guys just patience and you will be victorious , don't worry ;). I'm still holding from 2011 and I 've sold some bitcoin in the old pump, but I still have a lot of btc here.

message sent

diversify is never a bad idea. I would not have a problem with some good pumps of altcoins again.
Evolution, fine. Coins are shortlived. Why bitcoin not?
Low inflation makes in fact a lot of sense.

https://www.youtube.com/watch?v=aDaOgu2CQtI

only bitcoiner who hang on for dire life, can't shortsell and are too stupid to diversify have a problem maybe. Depends. Masses of people are slow to migrate. I'd just be taking care not to be the last one holding the bag.
If bitcoin keeps falling for another year some altcoin(s) which makes it better will emerge pretty sure.
I do have nothing against that. Bitcoin does not disappear over night however.

OP is quite a bullseye-thread.

bitcoin: killing me softly

i for one welcome progress and diversity

i think transition will go smooth and slow. Nobody will get hurt. Can't wait for actual rising prices.

i don't care what the name of the coin is as long as it goes to the moon reliably. And shorter bearmarket i would welcome that very much.

Sure, believe their lies...

http://sobadsogood.com/uploads/media/2014/03/09/Heres-A-Stack-Of-Anti-American-Propaganda-From-North-Korea-3.jpg

Why are people so polarized about this? Small timer brings up some valid points.

We are clearly in a bear market, unless a bottom can be found around here or $330. BTC certainly has flaws, but progress will hopefully be made one way or another.

It is possible to be positive about crypto but critical of its many shortcomings.

I speak as a disillusioned idealist, it's important to think about why you believe certain things and learn from the past and work with facts and educated guesses.

Personally I see stagnation in the bitcoin price with a downward bias for many months more. But I don't necessarily think higher prices are good for adoption either, what is 'good' is entirely subjective. Would another bubble pump help Bitcoin? I doubt it.

Smalltimer, I'd be interested to hear your opinions on alt coins that you like?

can't share that here. Would go offtopic and thread could be moved. But you have seen me maybe on other threads ;)
I like your silverwallets btw. Maybe i get myself some on a later date  ;)
Silver keeps the vampires away  :)

bitcoin prevails.....

Traders are always safe, they sell expensive btc and buy cheaper btc

great trades  always  wait the good time for buy btc, so can take profitable

Very true, this is why we should see a slight bounce when the Chinese are getting ready to close up approx. 5hrs

The boom will happen once the Chinese really start getting interested.

And what will be the catalyst for that?

There is none... All the "good news" that comes out makes less of a pop everytime & we continue to drop again and again. NEVER breaking key resistance levels.
This is bad news. China has the most bitcoins & they are also the biggest shorters of it. This is worse news.
Anyone have any good news??? Microsoft is a joke.

Show me the hash rate.

Bitcoin's still king of the hill with the power of it's network behind it.

IXC
136,025,443 GH/s

... now what?

read this crazy shit:
https://bitcointalk.org/index.php?topic=317658.0

I do hold IXC for hedge


IOC
48,166,837 GH/s
despite nobody is interested in the coin (yet) actually.

for comparison:

BTC:
250,586,548 GH/s


doing the switch between those merged mined ones is very easy. All it takes is a critical mass of people becoming aware.

XPM can provide an answer too because once there is interest in the coin it'll go actually through the roof and will be very scarce too.

There is countless solutions to the bitcoin-problem out there.

The only difficulty is: people need to agree on one coin. Bitcoin is not the king by default. Why should it be?

If a group of whales decides to pump IXC for example to the sky, microsoft and friends will accept that too. The degree of adoption is also nothing that would be stabilizing btc. BTC is mainly speculators money still. That money is pretty dynamic.

*cough*

problem has been indentified: inflation
Deniers say it's needed and have been disproven because with merged mined implementations very low inflation pow is still possible.
Also the theory: "more coins help secure the network" could be flawed and i can see no reason to not uphold the theory of "price in the market needs to be protected from inflation to make sure the financial incentive for mining will be there" against it.
I have yet to see any proof satoshi did not make a monumental mistake with the reward-schedule. Inflation is not  good to secure the network. It is just good to make sure crypto is a fail. 


Conclusion: You all look like the austriches with head in sand for not looking to find a solution to the bitcoin problem.

Keep shortselling to zero. Maybe one more time buy single digits btc, right?
Problem? Denied. Solution? Not wanted, thought of or needed. Lemmings and sheep? Everywhere!

my predictions have been right on the ball

I did't really see a prediction, I saw a complaint about inflation.  The inflation "issue" is still there, but it can't be the reason why the price has falled 70%+ from the ATH!
Inflation isn't even nearly high enough to cause that!

edit: spelling

Who cares 70% down from ath, buy steady make a good average buy-price.

I bought since I hear the first time of Bitcoin and was meanwhile +1000% , now like -50%, the pendulum will swing back.

The market is more efficient now, so that costs something

Do not forget to sell part of your coins at the next spike.
Without profit lockin you are just a big bagholder.

I think op should be warning us more about government actions that are trying hard to limit our privacy more. Because bitcoin is growing fine as far as I know.

But I wanted to say something about inflation. People are complaining about premined coins calling them scam but bitcoin inflation allows price to stay fairly low so many people are able to join basically at low cost. And you are saying that it is also bad? I don't understand what would be fair distribution for some people here. Maybe if they will be handed 100% of such coins or at last 50% maybe then they will shut up finally.

Yes, it can be the reason because sellers get the advantage over buyers. Sit down, crunch the numbers. Think hard about it. Pumping an inflationary coin is moronic behaviour. Rain of new coins is a constant force in the market which can be counted on. So it goes down once the hype fades (last year this time) and will continue to go down from here.  

See, i don't buy any of the bullshit i am told by others. I rely on my own conclusions based on own calculations only and this market is highly predictable.

Most of you people don't calculate jack shit. All i see is parroting - that's what everyone is good at. Not even 1% of you people use their own brain.

No, it's not 'bad' (what ever that means). It is just a sign of being retarded to buy an inflationary coin and expect returns on it (10k$ to the moon bulltard shit). Bitcoin is a volatile piece of shit and should not be bought at all with this inflation. With bitcoin you need to wait another decade or so before you can actually buy it - by then it'll be dead.

Initial distribution of a coin shouldn't be too fast and not too slow - a fair distribution is when everyone has a chance to get in (1 year or 2 years) - after that the train needs to leave the station and who isn't on board needs to buy higher. So pow-distribution is fine but not for 2decades because the shitcoin isn't going anywhere during the distribution because it isn't scarce thus worthless.

No matter how high or low your cap is the inflation will always push you down - the production needs to be bought up - constantly.

Yes "the production needs to be bought up" constantly, the question is just for what price.

To me it looks like you got caught on the wrong foot and are now blaming the rules. But the rules never changed. They are fine how they are.

For somebody just entering Bitcoin, these might be awesomely attractive levels.