Yep, it is awesome but has destryed many lives  And will destroy many more businesses, greedy corporations, and corrupt governments. Karma? |
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Although Bitcoin is still very young, it has survived to the point where there is enough wealth in the system that people will go to great lengths in order to repair or save it I realized this earlier today while driving my car. The more people invest in it, the more people will want it to succeed. Nobody wants to lose their money. Nobody is going to *let* Bitcoin fail now. This is a built-in protection for Bitcoin. Probably the most powerful one possible. This is wonderful news. -Burger- |
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Will we have big crash at last or not? No. We will have minor corrections maybe, and more likely some more plateaus. Then more increases. Bitcoin is not a stock. |
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Why does there need to be a crash?
Why does there need to be a correction?
Bitcoin is not a stock.
As long as it continued to go viral, and adoption increases, its value will as well.
This is why all the smartypants fiancial guys I know who told me I was an idiot for not selling at $150 currently have their feet in their mouth.
Bitcoin does not behave like anything we have seen before.
Its something completely new.
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Its not a bubble.
I repeat.
Its not a bubble.
Bitcoin is NOT A STOCK.
People need to stop comparing it to stock behavior.
Bitcoin is increasing in value as its adoption around the world increases.
The adoption by China caused a $200 jump.
As other large groups adopt, the value will increase.
Bitcoins "inherent value" is its usefulness around the world.
The more people who use it, the higher the value goes.
This is not a "pretend" stock exhange with "monopoly money" like the financial guys keep babbling about (tulips, beanie babies, etc).
This is a new technology that is about 2% of the way towards worldwide adoption, and its already valued at $500.
Do the math.
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I bought a bitcoin bumper sticker for my car, and you all should do the same. Seriously. Get the word out.
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Apparently its always that time.
Much to the chagrin of all my "expert" financial friends, who are bewildered and confused.
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So much to go still... Will it survive until it's last coin has been mined? Or a certain government's will crawl out of it's skin to kill it? Stay tuned folks. You'll be long dead by that time anyway. (2140) |
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Why not multiple "bitcoin foundations" in different parts of the world?
Decentralization makes more sense than moving a centralized organization around.
Bitcoin Foundation was attempting a decentralized organization, but has clearly made the USA the "headquarters" by calling all the other Bitcoin Foundation locations "chapters" or "branches". I think the Bitcoin Foundation should be a representative organization with zero power. Simply put. |
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Any past attention from regulating bodies towards Bitcoin has with great majority resulted into expression of interest in the technology by regulators and intermittant let go and watch until further investigations would be conducted in other instances Bitcoin has actually been given official recognition by being regarded as money, currency or a taxable good. What? Runon sentence much? The guy said attempts at regulation resulted in higher prices. He didnt say any accomplished regulation. |
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Maybe im retarded, but what?
Right now it says: "Question: Does the general public know they can buy fractions of Bitcoin?"
Most say "No......................"
Therefore .... people think the public only knows about whole bitcoins.
What am I missing here?
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What's really odd is that most people posting agree that the public feel you can only buy whole Bitcoins yet the poll suggests the opposite.
Does everyone who voted no not want to discuss?
 ? The poll asks if people know they can buy in fractions. Most say no ... people don't know they can buy in fractions. Therefore.... they agree ... the public thinks they can only buy in whole Bitcoins. The poll does not suggest the opposite. |
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No, they absolutely don't, and its funny you post this because I just got finished posting the same thing on the Bitcoin Foundation Forums.
I have already had several friends say they wish they could have gotten in earlier, but now bitcoin is too expensive...
Something needs to be done, quickly, or momentum will completely stop.
People think China is lucky because they got in when Bitcoin was affordable.
Not a lot of people have $460 to blow on one coin ....
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The wallets of the folks in China can get very ...............very ......................very deep.
I would not be the least bit surprised if quite a few of them have quite a bit of BTC ..............
Anyone who has been to Asia knows that residents there can very often have more money than god.
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Can you give some insight into how the selling went? 1) How long did it take you to sell 100 BTC ? Like from start to finish - 5 minutes? 3 hours as it went piece by piece? 2) Which exchange did you use to sell for USD (i assume) ? 3) Did the deposit into your bank account go smoothly, no questions from the bank? 4) Have you set aside 20% for capital gains?  |
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Think of the jurisdictional issues - we're talking about a worldwide currency with users in dozens of countries with totally different sets of laws and regulations. And businesses that exist in one or multiple countries, with customers in multiple countries. Yep. What the USA does, for the first time, won't amount to a hill of beans. Bitcoin is the great equalizer. -Burger- |
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Peter Schiff is a good example of someone who understands the economics but not the cryptography. He also isn't afraid to think independently but he has a weakness in that he is dismissive of that which he doesn't understand. At this point he should just say, "I can't see how it can work," and get to doing his research on it. I'm afraid his personality will make it take quite a while before he gets around to it, though. This is the dilemma for 99% of financial guys out there. Their "education" on economics is actually working as a stumbling block to their ability to grasp and accept Bitcoin. They think they know everything, therefore something that doesn't fit the mold is automatically nonsense. |
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I've noticed one very common trait among trolls:
They never get riled up. They never get emotionally involved. They never act irritated when 45 people don't see their point.
They just calmly keep typing shit that drives everyone else crazy.
They do this because they are doing it on purpose. To get a rise out of others.
They aren't emotionally or intellectually vested in what they are saying at all.
revans fits this description.
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This is kind of a big deal ya know. I think this justifies pushing BTC price to $500  |
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