so are we in the midst of a bear market? long and painful, maybe get us down to the $400's?
we are going much lower than that You are wrong. We are much higher than that again. |
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Incredible figure of state believers here. State terror was the bitcoin booster from the beginning, and now it should be its death?
That is the strange logic of the 'prohibition-works!'-believers.
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And yeah I have an agenda, try make more money out of bitcoin if possible.
Yes, but you can't. You sold instead to hold. You are the loser, we are the winners. No winners without losers. |
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it's a giant mid-term bulltrap. in other words, it's an upwards correction inside of the longer-term downtrend.
Sure. I understand the premise. I guess we will see. If that wedge breaks upward or sideways then up, then what do your charts say? Wave 5 is it? it won't. i'm not even using EW, im using the damped oscillator model, and it is increasingly apparent that we are not yet through the aftershocks of the December crash. this is a correction to the downtrend, which will not be complete until one more large capitulation event. then we may start a new trend. Ok. We if by large capitulation you mean back to 600 or something I might agree. Otherwise, I look forward to revisiting this post. please do. and no price targets -- that's a secret  but a bottoming out with large volume, with a rapid recovery. a cusp. oh, hello future forumites! --arepo Are you bearish in this thread and bullish in the other one? https://bitcointalk.org/index.php?topic=392713.0 |
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I am extremely pleased to read such articles by Krugman, being a Nobel laureate, he deigned to come up with so many posts about Bitcoin only shows how panic he is with it. I know you are shaking in your boots Paul, you sense that something inevitable is coming and you are desperate.
Yes. State terrorists and their representatives in panic mode. A very promising sign. India's (client downloads) ranking is increasing with intensified state terror. |
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China and now India..
36% of the world's population effectively blocked from purchasing bitcoins legally in their countries.
India wasn't buying bitcoins anyway. They have a lot of catch-up to do before bitcoin is even something they need to worry about. Since the state terrorists are trying to prohibit Bitcoin in India, the download ranking goes up. http://sourceforge.net/projects/bitcoin/files/stats/map?dates=2013-12-21+to+2013-12-27 |
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The question is not whether governments will allow a $X bitcoin economy, the question is whether Bitcoin will allow oversized governments to exist and retain the kind of power they currently do.
Excellent point.  You are absolutely right my friend. Yes, excellent. Neither Gold nor Gold 2.0 will disappear as long as the civilization doesn't. It is the state that always disappeared, together with its debt. The history of the state is the history of failed states. If Bitcoin will destroy all states (and it has the potential to do it) Bitcoin and Gold will be obsolete, as it has been in pre-state epoches of humankind. Humans beyond the state live(ed) in self-sufficient communities without Gold, without money, without a market. |
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Anarchism Every anarchy in existence in history and in the world today result in a bunch of warlords fighting for domination, those petty warlords are either plain dictators, communist dictators, or theocrat dictators. Fairy tales. Organized violence (patriarchy, warlords, cheftains and chefdoms) is unknown in the whole pre-neolitic history. Anarchy within the self-sufficient communities was the dominant organization before the homines sapientes were transformed into collectivistic slaves (theocracy/communism/feudalism/capitalism etc.). Taking into account how much of the pre-neolitic history is still unknown , I would rather not base my arguments on those traces of fragments of evidence. That you don't know doesn't mean it is unknown. That reminds me of : You know everything , do you? I don't know everything, I just know what I know. I know what I'm talking about. For example, post-paleolitic art is about warfare, hierarchy and dominance. Paleolitic art shows zero such things. |
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Anarchism Every anarchy in existence in history and in the world today result in a bunch of warlords fighting for domination, those petty warlords are either plain dictators, communist dictators, or theocrat dictators. Fairy tales. Organized violence (patriarchy, warlords, cheftains and chefdoms) is unknown in the whole pre-neolitic history. Anarchy within the self-sufficient communities was the dominant organization before the homines sapientes were transformed into collectivistic slaves (theocracy/communism/feudalism/capitalism etc.). Taking into account how much of the pre-neolitic history is still unknown , I would rather not base my arguments on those traces of fragments of evidence. That you don't know doesn't mean it is unknown. |
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Anarchism Every anarchy in existence in history and in the world today result in a bunch of warlords fighting for domination, those petty warlords are either plain dictators, communist dictators, or theocrat dictators. Fairy tales. Organized violence (patriarchy, warlords, cheftains and chefdoms) is unknown in the whole pre-neolitic history. Anarchy within the self-sufficient communities was the dominant organization before the homines sapientes were transformed into collectivistic slaves (theocracy/communism/feudalism/capitalism etc.). |
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I'm not talking about the short-term, not the medium-term, but the long-term.
What are best arguments that Bitcoin won't last?
So far I'm convinced by the pro-arguments decimating the con-arguments. But what if there are some damning arguments out there?
Please try to present them, and please present the prerequisites for why those arguments could be valid.
Bitcoin is totally dependant on electricity. EMP everything and Bitcoin is gonne. It makes no difference if there are blockchain, private key and wallet backups (even those carved in stone make no difference), unless there is electricity there will be no Bitcoin. I know many here will argue that electricity would be restored at some point but question remains if that would really happen and if it does if there would be any use for Bitcoin at that point in time. I also understand that many here can't even imagine electricity not being available but I'll tell you that it can happen, and it can happen very fast. I've witnessed myself how fast a normal situation can turn
into chaos, when there are issues much more important than months-long lack of electricity. Total blackout, is a rather extreme case, yes it could happen, (EMP, CME X class, circa 1859 etc). Then, does it really matter? Any and all fiat currencies will collapse. Will the ATMs be operational? Will the banks have access to people’s accounts? The most likely currency in such a case, would be water, food, fuel, guns, ammo, other resources, and maybe gold, silver. People would be in survival mode and instinct response. There will be no more currency without electricity. All nuclear plants will blow its inventories into the atmosphere and people wouldn't be in survival mode, but in death mode. We watched the tragedy unfold We did as we were told We bought and sold It was the greatest show on earth But then it was over We ohhed and aahed We drove our racing cars We ate our last few jars of caviar And somewhere out there in the stars A keen-eyed look-out Spied a flickering light Our last hurrah And when they found our shadows Grouped around the TV sets They ran down every lead They repeated every test They checked out all the data on their lists And then the alien anthropologists Admitted they were still perplexed But on eliminating every other reason For our sad demise They logged the only explanation left This species has amused itself to death No tears to cry no feelings left This species has amused itself to death http://www.lyricsdepot.com/roger-waters/amused-to-death.html |
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You are insisting that capitalism IS communism.
Precisely. I'm saying that todays so called capitalist societies are not really capitalist. I'm saying that we don't really have any good examples of free markets anywhere. Yes, because the 'free market' is an oxymoron. Free humans are self-sufficient. They live (lived) in self-sufficient communities beyond the state, beyond the market, beyond labor division, beyond collectivistic communism/capitalism, which essentially is the same: working with and against everybody, against human nature and against the nature in general. They are growing rampant until they collapse. For the first time in the history of the citizen (a cartoon of the former human) the collapse will be global. |
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One might come to the conclusion that German polticos fear the idology of such (non-state) Christian spreading into a greater percentage of the electorate.
Christianity or Islam is never 'non-state'. The complicity of militarism and 'patriarchal' religion constitutes the State (organized violence). There are many historical examples of either being quite 'non-state', or at least anti-the-current-regime. Yes, many historical examples, but of course not christian examples, which is hypercollectivist terror against the human nature. Patriarchy is the opposite of anarchy. LAW AGAINST CHRISTIANITY
Given on the Day of Salvation, on the first day of the Year I
(— 30th of September 1888 according to the false calendar)
WAR TO DEATH AGAINST VICE: THE VICE IS CHRISTIANITY.
Article. I. — Vicious is every sort of anti-nature. The most vicious sort of human is the priest: he teaches anti-nature. Priests are not to be reasoned with, they are to be engaoled.
Article II. — Any participation in church services is an attack on public decency. One should be harsher with Protestants than with Catholics, harsher with liberal Protestants than with orthodox ones. The criminality of being Christian increases with your proximity to science. The criminal of criminals is consequently the philosopher.
Article III. — The execrable location where Christianity brooded over its basilisk eggs should be razed to the ground and, being the depraved spot on earth, it should be the horror of all posterity. Poisonous snakes should be bred on top of it.
Article IV. — The preacher of chastity is a public incitement to anti-nature. Contempt for sexuality, making it soiled with the concept of ‘impurity’, these are the real sins against the holy spirit of life.
Article V. — Eating at the same table as a priest ostracizes: one is excommunicated from honest society by doing so. The priest is our Chandala, — he should be quarantined, starved, driven into every sort of desert.
Article VI. — The ‘holy’ History should be called by the name it deserves, the accursed history; the words ‘God’, ‘Savior’, ‘Redeemer’, ‘Saint’ should be used as terms of abuse, to qualify criminals.
Article VII. — The rest follows from this. |
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One might come to the conclusion that German polticos fear the idology of such (non-state) Christian spreading into a greater percentage of the electorate.
Christianity or Islam is never 'non-state'. The complicity of militarism and 'patriarchal' religion constitutes the State (organized violence). |
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The notorious troll and all of the mainstream brains out there (late and latest adopters) can't realise, that state terror is the reason why Bitcoin was created and the ground on which Bitcoin is growing and prospering.
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Bitcoin cant replace money. Money is supposed to be spent and not hoarded. Thats why inflation is needed so people go spend their money and create jobs and wealth for society as a whole.
Nothing like burning as many resources as fast as possible in the name of unsustainable growth! Society is going to love that shit if it comes crashing down at some point in the future. Hopefully technology can save us. Technology can't save us. "Essentially, the economy is an engine that transforms resources into waste." Ugo Bardi http://www.financialsense.com/contributors/ugo-bardi/2011/07/22/entropy-peak-oil-and-stoic-philosophy-part-2 |
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If it doesn't stabilize around $70, it's gonna crash hard.
if it goes to 70, there will be no bitcoin anymore. but it won't. Bullshit, the price could go to a cent and Bitcoin would be doing fine. 70 isn't even that far away, it's just the base of this bubble. I know who's the real weak hand... Bullshit, as long as Bitcoin is doing fine, it cant' go to a cent. |
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Actually Russia is already very involved in bitcoin, and has been since the beginning. All of the eastern countries have great potential for bitcoin.
again: they should have had much more Impact on the BTC Price. India ist close to China in the population As crazy_rabbit wrote: Russia is big in and Russia has/had big impact on the price. |
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