That's pretty cool.

So he owns this domain name?

Or is it just the admin of this site who happened to use the same name?

Satoshi's Profile here:
https://bitcointalk.org/index.php?action=profile;u=3

1)  What is ATM.   ATM Machine?

2)  Can you translate everything above for dumb stupid retarded people like me?

Thanks.

In the united states "get down" means get funky and get crazy on the dance floor, so I assume you mean the price will rise, not that the price will go down

Im soooooooooooo exhausted with the $300 mark ..... seriously you guys ... enough already.  

$300 is sooooo sunrise this morning.   Its already past sunset ... i mean wtf ....

PS:  I'm baNking the f*ck out today with Litecoin.   Good times!

Well ...

This happened....


Because you think like this....


This is the difference between those who will become rich from Bitcoin, and the rest of people out there, like yourself.

Its just a different brain process I'm afraid.  You don't have the viewpoint necessary to understand it.

Here's some insight into the other type of thinking:  Ask yourself:  How many merchants out there will continue to willingly give 3-12% of their sales to Visa and Mastercard when there is an option out there which is offering a 0%-1% option?   I am a small merchant and I get anally raped to the tune of $4,500 a month in merchant fees alone.  The percentage can reach 12% on a transaction if the user is outside the USA and using a rewards credit card. This doesn't take crazy, out of the box thinking.  Its common sense.  Visa and Mastercard are done for, if Bitcoin continues.  Amazon.com alone will save something like 40 million dollars a month in merchant fees.  Ya think they'd be up for that option?   I do ...

You lack the confidence (and possibly the understanding) to take the necessary risk. 

-Burger-

Corrections with Bitcoin tend to be minor.

$307 earlier today down to $281.

That would be a typical "correction" with Bitcoin.

As long as Bitcoin continues to have worldwide adoption, and the infrastructure continues to be built surrounding it in multiple countries ... i don't believe it will ever "crash".  We've reached a point now where it has a stable grounding.   And unlike the "financial analysts" say, that grounding has nothing to do with rally buying and pure speculation. They are building an infrastructure for this technology in many countries.  

The goal is to bring a bank account to 6 billion people who have no bank account.  A way for 6 billion people to hold and transact money. As long as this infrastructure continues to grow, so will Bitcoins value.

Where are we in the infrastructure building process?  I would say we have barely just left the starting line.  

Starting line|$60---$300 ----------------------------------------------------------------| $? Global Adoption

This happened...


Because this didn't happen...

Everybody remember this guy's name, so that we can swamp him with "I told you so"'s in 5 years.

I have a list of names of shit talkers on my facebook list who are going to get an earful one day.

Now that the price has exceeded $305, the naysayers are coming out of the woodwork in droves.

But here's what absolutely none of them seem to grasp:

Bitcoin has an infrastructure that is being built literally around the globe right now.  The over 10,000 online merchants accepting BTC through BitPay is big.  PayPal considering its inclusion is big.  China's "Google" announcing its acceptance of BTC is big.  But this isn't even the tip of the iceberg.

Literally all over the world, for the last 12 months, infrastructure has begun to support Bitcoin.  Not as a "buy/sell" pretend stock market.  That isn't why it was created.  It very well could provide a bank account to over 6 billion people who don't have bank accounts.  For the first time in history, anyone with a mediocre cell phone will be able to hold and transact money, free of charge.  It will save companies like Amazon.com literally millions of dollars in Merchant Fees every month. 

Yet when i read these articles, and the ignoramus comments beneath them, I have yet to see a single naysayer address any of this.  

They don't even mention it.  They don't "rebut" it.  Their arguments against bitcoin are juvenile and shallow.  Do they even know its happening?  International conferences have already begun surrounding this technology, in multiple countries.  Are they even aware of the Bitcoin Foundation?  Or any of the well-structured organizations being spawned to support and direct it?  They know nothing, and comment nothing regarding any of this.  All they can muster out of their brilliant minds is "Beanie Baby Bubble", Ponzi Scheme, or mention of Tulips.  

Bitcoin isn't about a booming "pretend" stock exchange for idiots.  Bitcoin's buy and sell aspect is not what will provide its longevity.  It's the backbone being created by literally thousands of legit companies across the world right now, which will make Bitcoin into what it was created for.  Those of us getting rich in the meantime?  Maybe a reward from Satoshi for early adopters who believe in something honest and pure for the future of this greedy corrupt world.

-Burger-

Agree with immediately above.

Your post (Coinseeker) ignores the fact that entire infrastructures are being built around Bitcion.  Not alt currencies.

If you believe that all that infrastructure is easily reusable with other cryptocurrencies, then your point may be right, but I have a feeling a lot of it is custom to Bitcoin.

As it stands though, its going to be several years in my opinion before other crypto's are entertained.  Bitcoin needs to establish itself first.

Anyways I am still not 100% clear on why the buying spree (and therefore price increases) will continue once a bitcoin gets high enough.  

Its value must somehow be affected by its "use" as a medium of exchange eventually because right now its value is being pushed only by buying and selling.  And that isn't going to last.

I suppose it was a bad example to compare to Google stock because you can't buy partial stocks like you can buy a partial bitcoin. 

I suppose.  I guess im just a bitcoin snob now with my 175% profit LOL ....

Why would someone even bother buying 0.2 BTC ?

If a whole Bitcoin only goes up $100 .... why would someone care about making $20 ?

Im new to finance so im asking out of genuine cluelessness. 

Thanks for any educating you can do

At $40 a lot of people could buy in.

At $100 .... not too many people could still buy in with any relevant *volume* (and this is the key, before you write your response) ...

At $200 .... for any of you who have been to Asia and seen the Rolls Royce's lining the streets ... you know that China is the reason BTC continued to rise past $200.

To China $200 is chump change.

But how is anyone going to consider BTC a worthwhile investment at $500 per coin, except the already very wealthy?

--------------

Its no different than the guy who makes $250,000 a year who still doesn't bother buying Google stock.

He's got money, but in order to make money, you have to buy a lot of something.  Otherwise you buy 2 shares of Google and make a whopping $10 in four months.

He can't buy *enough* to make it worth his while.

So he doesn't buy.

Without buyers and sellers constantly buying and selling, what is going to keep pushing the price up?

---------------

At some point very soon, nobody is going to be able to afford a Bitcoin.   What happens then?

Buying in sub 1.0 quantities will seem very pointless to many "lay" people.  Buying 1/10th of a coin .... negligible return on investment really ...

Maybe BTC will have to transition ...... from a "stock market"-like "buying and selling" scene ...... to more of an "industry" for exchange of goods and services.

So if that happens ...  what is going to push the value up, past $1,000?

You're a silly little man who intentionally doesn't consider all the facts.
You've cherry picked negative aspects and ignored the rest.
That makes everything you just said pointless.  How people do this will always confound me.
You'd think a person speaking would want their words to hold some water.
Yet they speak while knowingly ignoring facts which disprove their words.  Human beings are sad...
The opportunists who are trying to make money off Bitcoin right now are the very organizations which will thrust Bitcoin into the mainstream.
Greed is necessary to get Bitcoin out of the nerd circles and onto the main stage.
Greed doesn't always mean failure.  This is another reason why your viewpoint on reality is lacking.
Once those seeking to make money off mining hardware, merchant services, ATM's, etc have done their work, it will be at that point which those who will appreciate its positive aspects, can be used by billions of humans on earth.
There are over 6 billion people who don't have bank accounts.  And now they will.  For free.
Anyone who poo poo's this is foolish.

Anyone who doesn't use paper wallet is crazy in my opinion.

Even BitcoinQT - the most trusted of them all - started getting file corruptions on my wallet files.  You don't even need hackers when you've got software errors.

Hell to the no. 

You're going to see more and more of these nonsense articles as Visa and Mastercard and the Banks start to worry for their profits.
Scaring people away from Bitcoin will be the most effective and common way to stifle its growth.
One mention of "hackers" and most people would never put their money into such a risky environment.

You're going to see more and more of these nonsense articles as Visa and Mastercard and the Banks start to worry for their profits.
Scaring people away from Bitcoin will be the most effective and common way to stifle its growth.
One mention of "hackers" and most people would never put their money into such a risky environment.

Just wanted to say to all of you who became millionaires earlier this year, but had the strength to hold on to your investment, welcome back to millionaire status.

BTC:  $245

If you reply to the poll you can't lie. 

Thats lame!

Facebook Exec stated that first step is duplicating Golds value to the world. 
Second step is usurping banks and Visa/Mastercard.
He valued bitcoin at $400,000 per coin for doing the first.
Sky was the limit for the second.
Hmm...