Bitcoin will come back again.
Next run will be powered by decentralized exchanges like coinffeine (for on-ramping) and bitshares (for trading). This wouldn't have happened without stamp, gox, and all the other continual fuck-ups by exchanges. Antifragile means we adapt and evolve.
We need to find a way to limit the behaviors of the day traders and whales and manipulators. None of this shit would be happening without manipulation. -B- markets and exchanges all over the world have been manipulated one way or another ever since. although i do agree with you, i think it's impossible to limit day traders, whales and manipulators. there's a good reason some of them have become rich. take warren buffet... you think he got there cos he's so good at picking stocks? bullshit. |
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Ok bros, it's pretty clear now that we missed the moon. But why?
A considerable fraction of total bitcoins was mined during the early days/months, another was stolen during an impressive number of various scams and hacks, another was earned by trading manipulation.
All this people, all clever than me, has probably already cashed out a ton of fiat at a better price, and is currently still doing it, they will do it untill people put money in it, because they have a tons of cheap btc, and want to convert to a ton of fiat before collapse.
This bubble was very bad for me: I buyed even at 4 digits, i build a scrypt miner and I was not able to ROI, I was scammed for little amounts. I never sold, beside little bad trades.
I am still glad to be here on this forum, but I have never seen so much scam attempts, here nobody trust nobody (and probably should not) and there's hardly someone who will help you for nothing - and it's a forum!
6 2 billion dollars of purchasing power, and what is the great thing the bitcoin community is currently doing for the world? Scamming each other for penauts. Oh yeah, and gambling.
We missed the moon. Maybe it's time to ask us why.
i have a feeling dogecoin might be better for you. |
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never ever make trading decisions based on twitter.
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Not looking good from the mainstream media's POV. Bitcoin revealed: a Ponzi scheme for redistributing wealth from one libertarian to another
If Bitcoin were a currency, it'd be the worst-performing one in the world, worse even than the Russian ruble.
But Bitcoin isn't a currency. It's a Ponzi scheme for redistributing wealth from one libertarian to another. At least that's all it is right now. One day it could be more. Venture capitalists, for their part, are quick to point out that it's really a protocol, like the early internet, and its underlying technology could still be revolutionary. Also, they've bet hundreds of millions of dollars on it.
But that's not much of a consolation to anyone who bought anywhere near Bitcoin's $1,100 top. Or near $1,000, or $900, or $800, or, well even yesterday's prices. That's because Bitcoin hasn't just fallen 76 percent the past year. It's fallen 36 percent the past two days, as you can see below, with a 24 percent decline the past 24 hours. It's too bad Bitcoin doesn't have a central bank to help stabilize its value.
more here... http://www.washingtonpost.com/blogs/wonkblog/wp/2015/01/14/bitcoin-is-revealed-a-ponzi-scheme-for-redistributing-wealth-from-one-libertarian-to-another/ |
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Stake does not equal exposure: Consider for example a pirateat40 style "trust" on a POS coin. The "trust" has a very significant stake combined with a very significant short exposure, and consequently a vested interest in the collapse of the currency, and can vote the stake accordingly. https://en.bitcoin.it/wiki/Pirateat40. POS rewards the creators of ponzi schemes. A variant of this is an exchange gone bad. Again the exchange operator controls a massive stake via customer deposits but no exposure, and if fraud occurs creating a fractional reserve. The exchange has a vested interest in the collapse of the currency in order to cover losses and can vote the stake accordingly. Buying the currency while at the same time selling a greater amount on a derivatives market, creating a large stake with a short exposure and vested interest in the collapse of the currency. Again the stake can be voted accordingly. Need I go on ... we'll see how POS evolves and what develops. despite the bolded text above, i think it's still worth exploring. overall, crypto is one big experiment at this point. |
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i think stellar will touch $1 or 10$
from the legend himself.  |
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this year if BTC goes down to 1 dollar.
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from what i've seen, STR seems the most resilient and have been holding it's gains (and rising) despite bitcoin's crash.
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or it could be the goxxed 800k bitcoins being dumped.
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If they wait until bitcoin price reach $320, they could halts their service for a long time
It's better they to get a new hardware like UMISOO / antminer S4 / something better
true. and who knows how long it'll be at these prices. 1 year? 2 years? 5?? |
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bitcoin companies are only gonna close shop, right?
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Simply no way this ever happens. Facebook is used by so many people it is actually insane. Bitcoin should be proud if they get half of the people that Facebook has.
Hello developers HINT HINT, you guys do know Facebook is like FREEE advertising, why dont you try it assholes. stellar is getting there first via stripe. |
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i wonder what the twins are doing right now...  Simply no way this ever happens. Facebook is used by so many people it is actually insane. Bitcoin should be proud if they get half of the people that Facebook has.
But a lot more people use cash than people use facebook. sure. but the thing is how low and how long will it stay there? cloud miners are closing shop and who knows who's next... there must be at least some worry and anxiety from their part. |
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Imho bitcoin will be far bigger than facebook
facebook will eventually shrivel and die like myspace
For some point your right, but all are in lead roll in there fields. I will be glad to see FB down but this is hard to happen, maybe if somebody hacked them good with some serious sh... Eventually everything will be based on crypto even FB so this is will be true that btc is bigger that FB. i think fb will evolve as they will be using stellar via stripe. |
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i wonder what the twins are doing right now... |
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expecting more BTC based companies to close shop in the coming weeks.
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 Jokes aside, people are dumping. It could even be Bitstamp's stolen coins. LOL it could be the goxxed 800k coins.. who knows when this will end.. |
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Anyone would love to get pumped back to the 400$ level but it will take some injections to get there. You know any steroid providers to help?
OP took all the steroids.. he's so pumped despite the crash and bearish sentiment. |
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bad timing for ethereum launch. maybe they should wait.
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