Because you don't have a quantum computer at your disposal, and you never will.

What interest do I have in convincing you?

The reality is that the longer it takes for the rest of humanity to recognize the true value of this asset, the more I personally benefit.

By all means, continue your skepticism indefinitely, I'm enjoying access to these $200 coins. I can only earn fiat to melt so quickly, you know.

Every additional person holding increases the exchange value. Conversely if no one was willing to hold, it would have no value.

Hold.

Bitcoin won't end the nation state, nation state violence meeting expanding empathy will end the nation state.

"There is a common fallacy which says that price stability is required in order for a currency to function as a form of money. The way people use terms like store of value and unit of account presumes stability. However, I will show that in an unstable world, a stable currency is counterproductive and furthermore that serves the traditional purposes of money, to the extent that they can be meaningfully defined in unstable conditions.

First of all, it is impossible, long-term, to expect an algorithm to maintain the stability of a currency. There will always be money to be made by predicting the algorithm’s future effect on supply, and once people have learned to do so then the algorithm necessarily ceases to achieve its desired results. For someone who gains by anticipating such an algorithm is not producing something valuable that other people want to buy, so he must be gaining off of other investors, who are losing. That means other people holding the currency, which means that the currency cannot possibly be stable—either it is dropping in price, or the supply is rapidly declining. (The outcome would depend on the details of the prescription.) This can continue until the market cap of the currency goes to zero. In order to succeed at manipulating the price to keep it stable, the prescription must never allow traders to adapt to it, and this means it must continually be smarter than everyone else. This is not something anyone can reliably guarantee, especially a Bitcoin startup, if history is any guide. This is the same reason that attempts to create crypto-equities that track the price of gold or dollars and other things through protocols like ProtoShares and Mastercoin won’t work. It is also why the federal reserve is traditionally so secretive, why the chairman tries to talk without saying anything, and why his or her every move is so deeply scrutinized.

Stability is about as real as the fountain of youth, love potions, or perpetual motion machines. It is not to be found anywhere in the universe but for some reason people act as if such a thing could somehow exist. Prices reflect the availabilities of things that we actually can have, so maybe we should all stop searching for chimera of stability and accept that if the world is unstable, than prices ought to be unstable too. Otherwise prices could not serve the function of enabling people to coordinate the allocation of scarce resources."

Source: http://nakamotoinstitute.org/mempool/bitcoin-as-a-store-of-value-unit-of-account-and-medium-of-exchange/

How to move forward? You wait. Every forumite deriding bitcoin, every dictator banning it, all of these people will grow old and die. Bitcoin will outlive them all by hundreds of years.

And the next generation will be more favorable.

You didn't get burned because you didn't sell at loss. You're just not smart enough to understand causality, apparently.

Or you just wanted an excuse to make a shitty clickbait title.

Try another question:

Why wouldn't people want to divest from the scamcoins that are inflation based violence-backed government debt tokens?

Answer:

Mass indoctrination

ROFL

OP may have just achieved stupidest thread title of the year, just 16 days in. Quite a feat, well done OP.

If at any time you'd like to see evidence that bitcoin cold storage is not hackable, simply click here: https://bitcoinwisdom.com/

If you see a price above 0, cold storage can not be hacked.

Wow, I didn't realize how hard satire was for some people until I read this thread.

Because it's not backed by violence or inflated by coercion, unlike national fiat currencies. It's an ethical perspective, for me personally.

This is not the time to be calm. This is the time to be excited as hell about buying a shitload of discount bitcoins with overvalued U.S. dollars (or your local fiat scamcoin).

Typical money is "easy to figure out" because it's a scamcoin. A couple of wealthy and powerful dudes lock themselves in a big building and print wealth out of thin air, backed by nothing but a promise that it will always be worth what it's supposed to, despite the fact that history has proven time and again that all nations, empires, and government currencies rise and fall.

Crypto is cryptic because it's actually mathematics-backed. Fiat money is an 8 inch sandcastle to the 500 foot sand dune that is bitcoin, and the tide is coming in swiftly.

https://www.youtube.com/watch?v=j2AvU2cfXRk

https://medium.com/@spc_bitcoin/accelerated-learning-for-bitcoin-ab461d4ee1b7

Dollar is increasing in value as bitcoin lowers, the trend is temporary and will reverse itself when the dollar starts shitting the bed. Sooner or later.

With bitcoin sitting at 200 usd, this is an obvious time to buy.

Wrong, bitcoin is extremely anti-fragile. Think of it like an organism or a virus. Mutating open-source decentralized network software. It's a hydra.

This.

Expectation leads to disappointment.

+1