Bitcoin Forum

The price is absolutely not moving.. what the hell is going on that the exchange rate is so boring. Where is the action? Where are the pump and dumps?

you're boring...

This is not 2011 that anyone with a thousand dollars can move the price. Market capital is quite big, and mostly the price changes in waves, since people need some time to deposit money to exchanges.
Now its like a calm before the storm, since only those who didnt withdraw can rebuy, and they're probably all waiting for a reason to buy, or to keep waiting for better opportunity.
Mostly these situations resolve in another nosedive, but since there were alot of good news recently it wont last long.

cheers

In Bitcoin, weekends are like a box of chocolates: you never know what you're gonna get. - Bubba Gump's theorem

Could be boring like now or P&Ds.

this shows that op is in bitcoin for quick money rather than the technology.
initiating pump cost a lot money and is not something large traders do every day. be patient and hold your coins.

The exchange rate is so boring because we don't have MtGox's fake trades pushing the price up. 

Boring is good

If a commodity/currency is rising rapidly in price against another popular benchmark (like the US dollar) then holders of that commodity/currency would be utterly stupid to spend or sell.  Just wait until it doubles in price, again!

'Exciting' price movements are only good for speculators.  Everyone just trying to conduct business in bitcoins stays away.

This pause is very bullish, the market is waiting to see the push past $300, then the "trend-followers" will dive in deeper and we will see some excitement.

Because those with everything dont need to buy.. and those selling cant get money from those lower down, because they now have none. So if only middle class buy, what will they buy, as they prob have everything too, but know to save for the rainy day.

In the end, it's like bitcoin users, feeding off themselves, giving less and less, whilst hoarding more and more until there is nothing for the majority, and hence, no point, how's that for speculation?

Your solid belief in the power of the Bitcoin project is inspiring.  :P
"Greedy" people feeding off others occurs with any type of monetary system. Bitcoin offers advantages that paper money can never begin to equal.   

All I'm saying is it's not worth getting involved in anymore.. long term users believe that the rarity of btc will make it go up in price, but this is only true if everyone has some.. most btc user's have all, or next to none.. and what they offer aint worth turning the computer on for.. unless of course, you already have enough money to get involved, win/lose some.. for new user's, it really is pointless.. I mean all we can really do with the plethora of btc sites is gamble really, no?

I thought years ago I'd be able to buy food with btc.. I'm still waiting on enough to buy my next 12"

It's not gonna happen any time soon is it?

Most btc services, are for geeks (no disrespect meant) and are not what the majority want, so why get involved, when it's cheaper to go to the funfair, and play the machines there..? Point being here, is you walk away with your winnings in your hand AT THE TIME YOU WON. Big cheesy grin.. ya dont get that often with bitcoin, that's for sure..

Think of btc like a sphere.. a wee ball, filled with advert's, everyone within the sphere constantly sends dust to each other.. less and less dust.. because there are too many advert's.. and far too many people.. all crammed in this wee ball, eating each other, getting fatter and fatter..

Meanwhile, outside the sphere, life is knocking, but no real wallet's are opening are they?

Not to mention in the uk, XP is still the norm, even in gov buildings, and bitcoin no longer syncs properly, and after 4 versions, it still has the same st9bad_aloc bug.. quite simply on xp, it wont sync anymmore.. one of the richest countries in the world use xp, and the dev's clearly dont do much testing on xp to get rid of this problem. BANG! Goes a decent chance at spreading the word.. or the btc.

1: Sorry for not being inspired, I lost that years ago as I watched the gracious offerings become less than anything worthwhile..

2: I agree on the greed, obviously ;)

3: Bitcoin offers advantages that paper money can never begin to equal. But what it offer's is useless to non-bitcoiner's.. quite simply, what it offer's is not enough. People need money to eat, btc CANNOT do that on a daily basis.. It cost's more in electricity to mine btc, and what freebies there are, are not enough to feed anyone really.. apart from the hoarder's of course ;)

XP functionality is bitcoin's main problem... lol

The rest is just whining that people still pay xxx for bitcoins.

Bitcoin worked perfect in xp until 0.9 came along, no version has worked correctly since.. and the uk aint gonna change for bitcoin.. We have a lovely secure xp, still paid for by the government who pay microsoft to keep it that way.. and since xp is the best (winblows) os previous to bloatware.. I agree to a certain extent, that my whining about pitifull wages is all it is.. I can see you dont care.. spread the word, for now you know the problem ;)

The problem is, you need to offer more to those with NONE, ie, new user's.. all your doing just now is playing in a private club.

A club for vip only...

Bitcoiners need to offer more to spread it.. or they can keep eating themselve's into NOTHINGNESS..

If you've no btc, your not coming in.. ;)

(Unless you click 30 years of ad's just to get your first meal.)

IT only means that the BTC price is stabilizing at current market price and we might have a small steady uptrend soon. ATM BTC price is $290.75 , and hopefully we touch $300 and upward once again. Be patient and dont get bored mate.

I'll prove a point with btc.. when btc goes up in value, do website's offer more? NO, they stay the same.. and when btc goes down in value, the offerings become less.. the problem being, when btc goes back up, the offering's dont, they stay the same, and when btc goes down again, so does the offerings, but when btc goes up again, does the offerings increase? No, again, they stay the same..

Three times btc increased in value, so folks SHOULD offer more, but they dont.

Three times btc went down and so did the offering's.. when btc went up, the offerings stayed even lower..

I'll not go into people's instant payment's being not so instant, by being sent to third party wallet's probably held by the same people.

I rest my case here.. speculate on what I wrote here..

wtf are you talking about, bitcoin faucets and ad campaigns? do it like the rest of us, buy or mine.

what is this twilight zone where increased demand is supposed to increase supply !?

not even sure what the hell you are talking about

bitcoin is not some funny money created for your entertainment.

it is designed to be saved. not spent "at the funfair" or to buy food.

Probably it is not fancinated by speculators. But it is a good sign that the price is stabalized at this level, rebalance itself then steady go up.

Rendering what it was designed for as 'useless' to the world.

Now you know huh? ;)

Keep saving, in the end, you'll have it all.. then, like now, who'll want it?

I'm talking about it being no longer worthwhile either way.. wages are too low everywhere, there's no excuse for btc doing same.

I guess the hoarder's dont want more users, since as mentioned by others, it's supposed to be saved.. let me think:

21 million coins, of which roughly 20% are gone forever through loss, via hardware failure etc, and 64 billion people, yeah, it's a closed market indeed.. not as it was designed for is it?

I don´t think it´s boring. In fact BTC has been showing signs of life recently. I guess it´s still consolidating after the drop to 170 from the Nov. top of 450. Hope it stays lively.

Everytime btc gets lower, so do wages/offering's/payouts, but they never go higher with the price, each time it gets lower, the payouts remain lower.. it really is not worth it anymore is all I'm saying.. btc is a closed market, where what's on offer is only of value to hoarder's of points.. you cant eat points.. ;)

In general, btc is losing the world, and dont know it yet..

I dont think it's boring mate, but some seem to forget btc was supposed to take the power from the banks, and I know there are not enough bitcoiners to do so, that's really all I'm saying, a private club going nowhere fast..

Well, it's 7+ billion people, and 2.1 quadrillion discrete units of btc. You can buy it with a few clicks. Next fatal flaw? (Hint: 2.7 tx per second)

A private club going nowhere fast..

Bet on it?

Half the people you metion have probably dropped it in favour of real life..

people want btc, not particles..

21 million btc in total.. but there are  2.1 quadrillion discrete units of btc?

hahahaha...

they're that discreet, no-one can find any decent amount's.

I get more from tesco club card, mwahhahaha

who dug out this retard  ???

did NLC get his hand on another old user account!?

Who you calling a retard, bumfluffkins? Like your neg-trust rating now cheekypie?

you.

no one care about your confused, unintelligible opinion of what you'd like BTC to be.

sorry, it is not free monies.

I never said it was.. who the fuck dya think you are insulting folk you've never spoken to?

ARSE describes you to a t.

Hint, never insult FIRST. For then your fair game to all..

What are you talking about Decksperiment ? 2.1 quadrillion discrete units of btc ? You´ve got to be joking, right ?

He meant discreet units, like hush hush and such.  ;)

Actually, I quoted the post above that, take that up with him ;)

Actually, I quoted you ;)

All I been saying guy's, is I can get more from a tesco clubcard, than btc.. dont hate me for the truth.. bitcoin is a private club now, for those with, end of.

And you expect us to take you seriously?

OK guys, sorry. Must have been the brain lock. Like in posting without reading, much less thinking.

Best of luck, g

No, take this seriously: Bitcoin is supposed to take on the banks.. how many folks think this will happen? It cant, because those with aint parting with enough to be a threat to the banks.. meaning the actual point of bitcoin is null and void, atleast, until ya get the hint..  I'm not really crying about pitifull payments, I'm just agreeing with those that think I am, the truth is in the start of this post.

No, I'm only here to try and help.. maybe get it back on track.. it's not the exchange rate that's boring, it's the lack of the realtime flow of btc to the bottom.. ie, no motion.. a stale currency.. not everyone can afford to buy them, and the pitifull sharing simply aint enough to be the threat to banks it was designed to be, does this make better sense?

You've known about btc since 2010, and you want it to give you the same benefits as a Tesco Club Card.

Forgive me if I'm floored.

So your problem with Bitcoin is people not giving away enough of them...

Of course if your of the socialist scum type this makes sense.

Meanwhile Bitcoin continues growing through organic its supply and demand, market-based system.

Maybe you should try dogecoin?

You misread my post.. I GET MORE for my tesco points than trying to gain a decent amount of btc.. do you guys think I mean satoshi? haha.. for old user's like me, satoshi is NOT btc, that's like saying pennies are pounds..

lets say you take a job at a pound an hour.. the boss wants to move to satoshi instead of pound.. so you'll now get .00000100 per hour instead of 1.00, go figure.. I know, your all expert's, but I'M the layman ;)

The only thing organic about bitcoin is the fact it consumes more and more organic fuel in the form of dinosaur's..

I'm actually involved in around 10 different currencies.. I guess I'm looking for better options for getting paid, in particular, decent wages, that's not a sin, but I'm wanting that for all, not me.. if everyone else has more to share.. more.. we can then ALL share.. only then will the value go up as demand increases.. demand currently is not increasing, although miners demand everyday, but btc has no public spending power that's of any use to the mainstream.. and hence cannot be the threat to the banks, it was intended to be, or people assume.

Bump-dump is not good for Bitcoin, it produces damages and will stop companies from accepting Bitcoin as transaction currency.

But stay stunned, Bitcoin might broke $300 again this week.

The only reason companies will dump btc, is because really, the public dont have any.. who's gonna buy using btc, apart form miners, or rich btc'er's?

you didn't get it back in 2010, looks like you might never. maybe its just not for you?

People are crying now even when bitcoin price is somewhat stable? This is new. Firstly during the weekends we don't really observe much shifts of bitcoin price anyway, so that's quite normal for price to be stalled like that. It is morning in Europe and I see already small movements on bitcoin markets.

I did get it back then mate, as I'm sure the origional faucet knows.. I have only ever used 4 wallet address's, bitcointalk.org sql logs will show my first, third, and last, big difference.. it's not for me in it's current form, not enough btc floating as 'freely' as money does.. ;)

Hmm...Company like Dell accepts Bitcoin,and yes, they always dump Bitcoin, what they want is dollars.

People invest Bitcoin, not buy using Bitcoin, why should buy Bitcoin to buy some that can be purchased with dollars?

They'll dump it knowing how weak btc is when not shared as much as expected.. bitcoin is imploding in on itself, this is my prediction.

Check this user's post, techically he's saying the same thing I am, but much better.. his last sentence says it all..

https://bitcointalk.org/index.php?topic=978023.msg10787442#msg10787442 (https://bitcointalk.org/index.php?topic=978023.msg10787442#msg10787442)

Personally, I still stick with gold ;)

they are sleeping now, time difference, you know.
 
wait to that strong after hours please  :D

I understand your point but...This is where I disagree!
I think that regular folks who start building or acquiring wealth in other fields will one day decide to join this exclusive "bitcoin club" for the elite few.

Nah, they'll go to some outdoor party to hear me on the decks, and talk about how much CASH they made just cause I set up the equipment.. and how they got laid, after waving PAPER money in the air.. instant babe magnet..

Imagine, chattin up some top tottie, and waving your iphone saying, look at my bitcoin..

She'll be like, suckin on something else.. to the side of you.. as I pat her head with a roll of 100 £100 note's..

I think that Satoshi Nakamoto probably meant:
Those that get in early and acquire vast amounts of Bitcoin (20-1,000 BTC) will avoid the abuse by the banks.

The truth is:
The banks ain't goin nowhere!!! ;)

That's for sure.. shame they started adding zero's after the decimal point, I mean, some site's are showing 12 decimal points, that's like instead of a quid at 1.00, whatever they're called would be 0.00000000100 - it costs more in calories just to click...

would you work for that? I dont think so..

bitcoin, in effect, thanks to the lower payout's, is actually worse than sterling.

For looking at 200 adverts I get a quid.

Satoshi comes no-where near that.

Well, it's certainly not a dead market with the bitcoin price having gone up from 282 to 292 and that happens during the weekend. Probably at this very moment investors are still cautious as to whether the coins from the auction will get dumped to the market. Once this is over, and confidence builds up, more likely we should see all the heavy movement coming along.

I don't think that Nakamoto ever expected the entire adoption process to take place within 5-10 years!
I don't even think that it will become mainstream until the newborns of 2008 became adults.
It will need to be instilled within the mindsets of the masses which require widespread education.
Today bitcoin is only now escaping the fringes of society.

I too am upset that I never bought a $5 bitcoin when I first heard about it or that I missed the boat when faucets were giving away 1 bitcoin per claim.

When faucet owners were giving away 0.001 BTC ($0.02) in 2013 saw that it went from $20 to $1,200 within 1 year, they realized the potential monetary value of this currency.

There is no way in hell anyone would be crazy enough to give away that much bitcoin via faucets again!
That is 0.001 BTC...a possible $1.20 per claim.

Regardless of whether the price goes up or down, people are going to see the highest possible value that they can conceive.

If a faucet is giving away $0.02 today per claim, then it doesn't matter if bitcoins current value is $280.
The highest possible value for the coin remains $1,200 and it is appropriate to give away 0.0000165 per claim.

Just one point, I'll quote: It will need to be instilled within the mindsets of the masses which require widespread education.

Wrong, BTC require's WIDESPREAD DISTRIBUTION, not education, not hoarder's, people read more of scammers and bad press than they can find btc, just my opinion ;) - Keep in mind, satoshi is not btc, but a lower denomination of btc.. The majority have heard of btc.. less have heard of satoshi.. the world dont want satoshi, they want btc ;) Regardless of what it has become.. and the majority of the world will look at them drip site's and run away.. just trying to show why bitcoin will keep going down in price.. it has no value in the real world. Most uneducated see a bitcoin as equal to a pound or dollar, then they learn the truth, and bolt..

Because it is a rare commodity and because the value will continue to increase, the fractional units of today will explode in value and the ordinary man will pay through his nose for those units!

As you will see in a few years...the Bitcoin shall be held by few, while most men will hold "bits".
In 20 years, nobody will be referring to what fraction of a coin they have but will instead proudly say "I have 10,000 Bits!" ;D

It does need widespread distribution but this is why I thing your ideas are wrong!

You seem to think that people deserve a free hand-out.
People don't need to give away anything!

Remember...gold was worthless at one point as well.
Just like a poker game...you need to buy-in to play!
Or
Watch us play!!! :D

Your doing the same as everyone else, making me out to be a loser to hide your greed.. widespread distribution, do it, or eat yourselves to dust.. cause no-one else wants that dust.. after all, it only has value to you and your kind, not people like me. I just like to point out why I dont actually use bitcoin anymore.. <- see that? You are wrong in that you have to put money in to get some back, although I understand this is the business model you are accustomed to.. If clicking advert's can pay, so can REAL online work.. not gambling such a precious (to you and your kind) comodity with a betting shop who is guaranteed to take at least 75% of what you put in.. I bet you are of middle east persuasion based on your speech.. my comment's are nothing to do with free hand-out's, or free lunch, or free fuckin ride's, it's about getting you scrooge's to get bitcoin back on track and out there in the hand's of the mass's.. leech..

Where's the site's offering decent wages for decent work?

Fair organic distribution happens through efficient market structures, not some stupid BTC faucet.

Hoarders are what gives BTC value. Not the one looking to spend it for thrills and entertainement

Wrong, what give's money value is the availability to EVERYONE for ANYTHING!! Regardless of hoarder's.. Money is useless if it's ALL in the bank you dafty.. Now change the word money to btc..

Your quite simply a bunch of greedy bastard's keeping it all to yourselve's not realising your so small a group of hoarder's, that btc will never have value to anyone else. What good is it if it takes ten years to get 10 btc? Because no-one want's less than half a pence/cent for what? Remember bitcoin is supposed to be quick.. yeah, it disappears from online wallet's quite often no? The world's opinion is bitcoin is for theive's, which I dont mind, but they do.. and without worldwide distribution, it will NEVER have worldwide value.

In effect, that wee small group of leecher's have sucked the life out of that which they hold dearest.. is'nt that the way of the world?

Cause the bitcoin hoarder's are'nt creating value, due to there not being enough btc released worldwide to create the value as you think.

21 million bitcoin.. 64 BILLION people, less than 0.001% of the planet think bitcoin is worth what? The world is talking about bitcoin for sure.. avoid the scammer's, what more can I say? Are you a btc millionaire? NO? Then I'm not talking to you about this cause you clearly dont WANT to help btc by distributing it WORLDWIDE. In effect, you are as useless as bitcoin right now.

The difference being, I live OUT THERE, you live in front of adverts. Everyone I know say's bitcoin is shit.. I live in a capital city, and I'm reasonably famous here, and not one person I know outside will touch it with a 10 foot bargepole. I try to figure out why, and you lot think I'm whinning.. hahahaha..

Just like the Sequoia, I did find the truth to bitcoin.. if you dont have at least 200/300 quid to throw away, your fucked. That's getting to be a good 50-60% of the planet now. Keep yer dust if ye must.. cause it aint worth shit outside..

When you realise the world is becoming more desperate for money, how will you sell your btc? Did it occur to you btc nowadaiz is used to empty your wallet before they test the internet crash scenario for the first time, say, for 6 months offline? Nah, cause you got btc in your eye's.. they took your money creating false value, and you fell for it.. me, I try to stick with the origional plan, spread the wealth, get EVERYONE into it, then, and only then dya start to act like your all doing.. your all too greedy, nuff said.

Why is every fiat billionaire now distributing their wealth then !? Bitcoin is available to anyone that wants to trade fair value for fair amount. Money is very much useful sitting in the banks, that's called a store of value.

How exactly would you plan for worldwide distribution you genius?

Your insinuations are asinine and you couldn't be more wrong...
I am not middle eastern at all! ::)
I also do not gamble at all! :P

As you are aware of...bitcoin is not mainstream!
To put things in perspective...It is like a mining camp in the Wild West.
The only businesses set up are still mainly Gambling, Porn and Speculating.
We are slowly but surely navigating away towards the inclusion of other niches.

So what if YOU can't find another way to earn bitcoin!
There are many other ways to earn it right now including Designing, programming, selling goods and much more!
So before calling people greedy for not giving away their stashes to people like YOU...get off your lazy butt and earn some!!! >:(

It is extremely apparent that you do not see the true vision for Bitcoin clearly! :o

Raise all faucet payout's, that's just to start with.. the bigger bitcoiner's know this.. get people INTERESTED. There is little, to no gain for the average guy/gal with nothing trying to make something in a world where money is running out.. the problem is, we all know already who would get them all.. NONE of the people with none, will even notice ;)

Apologies for my eastern comment, that was uncalled for, but your comments reek of that area.. again with ou think it's about me, no, I STOPPED using it months ago.. last year in fact.. it's simply not worth it, when it's BETTER to go out and get MONEY to BUY thing's on IMPULSE

 :D

You can't be this stupid are you? Faucets were a thing when you found about BTC in 2010 and it was worthless. Now that it has some sort of market value no one is going to give away BTC.

This is not a charity!

Dont explain that to me, just watch what I'm saying.. is that australia listening to me? Well done down under!!!

Ya never expected that did ya..? so who am I?

Let's pretend btc is a drug.. even drug users share drugs with those with none.. let's pretend we're at a bar, would you grudge a pint if I sat with you? You would'nt grudge any of my 3 sisters.. your attitude just changed, shame about your opinion.. all your really saying to the world is you refuse to part with.. nowt. Just like 99% of other bitcoin user's, in effect, bitcoin again, is useless.

I think you've been using a little too much of that drug.

If what you're looking for is people tipping others some BTC than look no further than https://www.changetip.com/

Dude, you are a really sore loser.. I told you I STOPPED using it when I realised how futile bitcoin is as a currency that matter's.. it's a private club for geeks that take weeks to earn what I can make in one day. I'm NOT interested in investing any more time in btc, just thought I'd lend a hand, and thanks to you lot, more peole will see it's as pointless as they thought after reading your replies.. I'm talking about worldwide distribution, your all manipulating what I say to make you feel good about what you think is correct, when in fact, I AM.


Are you distributing? Dust, or BTC? Cause like I say, satoshi is NOTHING

Cant wait for you to all realise, if it's in your wallet, and not 'out there' your only creating the value in your dead head's.. it need's to be out there, because there was never enough to go round. This was the fuckin idea. By hoarding it, you kill it. The value will only be realised when everyone NEEDS it, and to need it, they need to be able to find it.. OUT THERE, in the real fuckin world.

The value is only realised when it is in use, ALL of it.

So says the guy who still uses a Bitcoin address in his signature! ??? :P ::)

http://www.microbuxx.com/themes/custom/images/lol.png

Likely less than 15% of gold in circulation is put to use (industrial or jewelry), the rest is hoarded and traded. Is gold worthless?

It's worth more than btc will ever be.. difference being, when I say worth, I can walk outside with gold and instantly buy/sell, cant do that with btc, spot the REAL value.. and I can do this with money too.. satoshi? hahahahahahahahahah.. the value is in your DEAD HEAD's..

Walk outside your door and sell 1 btc. Go no further than 100 yard's. You are not aloud to use any electronic device.. now you fuckin know.

This is what the majority will side with, real fuckin life.. Just look at ukraine.. iraq.. libya.. it's gonna go as far east, then go all the way west.. when the infrastructure of your country is destroyed, just cause your fone can do bitcoin, will the infrastructure be there to send your fone the signal?

Will your online wallet exist after the server's it was stored o got a direct hit?

Gold will still survive..

Money is lying everywhere.. did you know here in scotland, the army hid millions of copper's under the roads they built?

Yeah, focus on bitcoin.. leave the real riches, to the real men. (and women)

Please do yourself a pleasure and ignore him.

Dont worry, I will thank's.. ;)

Pmsl... away ignore yersell, yer just another nobody jumpin in where yer to late to say anything at the time, so cause more trouble for yourself than other's.. as usual I guess.. ah well, ignored.

Oh, and only fools ignore the path of war..

Ever remembered when the US government took the people's gold?  ;D ;D ;D
How are you going to sell that gold then ???

You keep creating hypothetical situations but the reality is not yet set in stone.
Whether bitcoin or gold become worthless or not...intelligent people will diversify their portfolio!
Do not assume everyone has put every cent they have into bitcoin.

If bitcoin goes bust, I will be relatively unaffected.
If it explodes in value...it would have been a very good investment. :D

All I'm saying dude, is I remember bitcoin at the beginning, and I'll try to remember what got me interested.. 21 million coin's, that can be mined. Mining will increase in difficulty.. I remember posting about the cost of leccy then.. What I read, was only when all the coin's available are distributed, NOT hoarded, will they gain in value, and only when all coins are mined will the true potential be realised, but people are hoarding, so this 'potential' is being denied, that, believe it or not, is all I been saying in my mad kilt wearing scotsman style.. if they insult my intelligence, by questioning my speculation, then they deserve the long winded answer's they deserve as to why when they thought it would jump up in price, suddenly over a million coin's are dumped, crashing all their latest hopes.. I predict a crash by end nxt week max. Thanks to my aussie pals who know what I been saying ;)

People hoarding is not the problem, for when all coin's are mined, this is WHEN to hoard. It's when they do it.. they're doing it too early to be of any use.. sorry, but I do know a bit about what it was MEANT to be..

Ps, not a crash, wrong term, call it a mega slump in price.. ;)

Everyone investing now for an expected rise, but if a million coins are dumped, does this not decrease the value?

Keeping in mind all wanna profit by selling their's..

It's incredibly awesome that it's not going down any further. There's a lot of anticipation from people trading on leverage. You know, they're borrowing money at incredible rates as we speak, so they can buy more BTC.

Please explain to us why people should even waste time to purchase bitcoin, if not to hoard?
The vast majority of it is probably hoarded as you already know.
Why?

Because...there is not much else that can be done with it at the moment.
In the beginning, it's primary use was speculation and use in nefarious activity...it still is!

Slowly, it is gaining traction as a store of wealth and it is now accepted as a legitimate & decentralized payment processor.

This alone will drive hoards of people to Bitcoin adoption in the future! :D


Anyway what exactly are you proposing bitcoin adopters to do ???

Would you like us to sell off all of our unneeded bitcoin assets?
In doing so, there will be a lot more coins for new adopters...perhaps at a cheaper and fairer price!
It will also become more evenly distributed among the masses.
However, the reality is... that was not meant to be as the world is dominated by Capitalism!

Just so that you know, Nakamoto never meant for Bitcoin to be evenly distributed.
If he did, then the great visionary would have created a lot more than 21 million coins for the 7 billion people on Earth.


On another note, You said:
"for when all coin's are mined, this is WHEN to hoard."

If that is so who exactly should start the hoarding process ???

Bitcoin says:
"The last block that will generate coins will be block #6,929,999 which should be generated at or near the year 2140."

Are we to wait 125 years from now? ::)

The truth is...Satoshi Nakamoto had a few oversights.
What he thought should happen didn't exactly turn out the way he planned.

He didn't expect:

• ASICs & so many coins to be mined so quickly
• Or people hoarding so soon

It doesn't matter if the powers that be shut down the internet...Bitcoin will still survive!
They cannot create a worldwide blackout because there will always be rebel nations and anarchists willing to defy authority.

I am sure Nakamoto would have thought through various scenarios about the survival of Bitcoin and he didn't run scared at the thought of the internet unplugged or hoarding or unfair distribution.

Stop your FUD spreading!
If you and your Aussie friends want to live under a rock "down under", then so be it. :P

Anyway...who let the nut out the nuthouse? ;D

Trading with borrowed money.... Great! Not.

If there is something I really hate, it is owing x amount to certain people or a company.

But then again, it's all about supply and demand. If plenty enough people demand such a service then exchanges will provide it.

Things are happening, look at the news, VC capital stacking in, more adoption.. it's just the whales buying slow to not cause a rally for now.

There are about 5000 coins everyday appearing on market for sale, to maintain an exchange rate of $300, you would need $1.5 million net purchase everyday

but the rally is gonna come eventually though. i think this year we are going to see a nice rise in bitcoin price. and it is better to see it happen gradually rather than a jump which is going to fail afterwards.

If you ask me to explain all that you can donate to the get rid of vod/oyo org, but what does it take to point out that no-one out there I know of is interested.. that's 10 years and I still know no-one. I guess what I'm trying to say is access to btc statrts with a btc, if you have the money, but if you dont, and more and more CANT, it is in effect, useless.. the true fac is, go outside your door, and sell your btc and buy something to eat, with no electronic device? Note most 'product's's/service's you can pay for in btc are electronic? We aint all want that, where can I buy new decks? Or vinyl? What I'm supposed to lower myself to 80% sound quality loss and use digital mp3's instead, and loose the 'feeling' of making music on my skin? Nah..

I have an uncle with a Master's Degree in economics and all he can say about Bitcoin is that it is "interesting".
I know many other people in the finance sector - friends/family.
Most have never even heard of Bitcoin until I bring it up in a discussion.
What's worse is that months later, none of them are interested in risking a dollar in it.

The only people I know who are interested or curious about getting involved in bitcoin are my "Techie" friends.
Why ???
Because they are the ones who understand the digital environment including on-line security.

This latest post of yours makes you seem utterly defeated!
Now you're just repeating yourself in a different way.

You don't seem to acknowledge the fact that bitcoin is still in its infancy.
Of course you can't buy much with it until it transforms itself from a little-known geek-attraction into a juggernaut protocol for the masses.

Someday...in the not so distant future, people will be able to buy food/drinks and pretty much anything that they desire with bitcoin.
Did you know that in the 1950's credit cards were not accepted at most businesses ???
They had to spread the word by marketing the heck out of it and educating people about the potential value of using such a service...the same applies with bitcoin.

Things are happening, you just cant see it because you are not a rich VC guy or an einstein developer kinda guy, you are just a peasant. Keep buying or weep in thy future.

I'm not exactly defeated, just stopped using it, since the devs aint interested in sorting the same prob showing withn every version.. I have been paying attention to it while it TRIES to load, but yup, gave up on the app.. for 8 years it worked fine, then they think, ms dont support xp, we'll show how against freedom and go with ms, and just not fix the xp problem. To me it's only 10-11 years old, and i see your point with the credit card's etc, but to me, btc is like the internet, free at first, but the minute you save online, forget it, cause now folks are paying to secure their photo's on other people's pc's, like say.. icloud. Same as online wallet's.. I prefer to use my own wallet, but decided to dump bitcoin core completely, since in my opinion, and as I said months ago, countless versions, no gui change, just what did they fix? nothing, they changed, cause in my opinion, they could'nt fix.. old wallet's are no longer compatible, it's getting worse and worse to actually get into. I do see it as being a valid club card for a select few greedy folks, but last night I was tired, and very peed off at the bitcoin core devs, for messing with what is supposed to be viewable as open scource, they've changed it too much.. I think of my lass miles away just now, with her origional wallet from the beginning, increasingly looking like it aint gonna work..that wallet is 10 years+ old!! It's worth a fortune in interest alone!!

Im saving some dollars monthly from my job and converting them to Bitcoin, making nothing but profits from doing this.

@OP: trend reversal is usually a long and boring event, so everything is working perfectly fine. Many will be bored during this event and simply get out. These so called weak hands will get back in at much higher prices when the risk reward ratio won't be that profitable any more. That is why one have to be patient now and wait for things to develop further. Just wait. No nervous moves. 

Yeah, this race is to the patient. Meanwhile I wish I could be circuitous, circumlocutory, diffuse, garrulous, logorrheic, long-winded, pleonastic, prolix, rambling, verbose and windy to fill this freakin signature campaign quota.

Good luck, g

It's always calm throught weekends on exchanges. You can't deposit or withdraw fiat till monday so why woul you trade?

I see more exchanges start up for good 5 months then suddenly vanish with btc or situations that usually just crumble.

Or supposedly like a hack, like the other exchange had their cold wallet stolen of thousands of bitcoin.

Prices are not moving like back in 2012 if thats your reference because, all the bad apples finally been washed out.

Q : Why is the exchange rate so boring now?
A : because we win ...

The truth is that once we are in the mania phase the volatility will return. We are not there yet. Actually very far from that. It requires patience and a lot of media coverage to build the momentum.