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For all we know Bitcoin might have been the banking cartel's pet project from the start (as Jones have said). They want to show that any currencies that are not in the banks' control is doomed to fail.
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Well that's certainly some good news for once.
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Yes, there's no restrictions on who can own some Bitcoins. Even old reptilian hags can hoard some .
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Its easy to stick your head in the sand and dismiss what InfoWars is saying about BitCoin as conspiracy.
Some day you'll wake up and unable to withdraw via wire to your bank.
For now, congrats to everyone that made some money while they could.
Personally I don't think it'll be illegal tomorrow, but only matter of time before they prevent centralized banks from doing business with BTC <-> USD exchangers.
BTC has become a big threat to Big Banks and Government. But I guess its easier to be in denial.
So what are people supposed to do? Sell all their coins and then do what? |
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what i find funny is when he says that the people that created bitcoin are "Billionaires FOR SURE"
wait a minute, the whole market cap for bitcoin just recently went over 1 Billion...
Yeah that Adam guy isn't very bright. Either way there's nothing we can do if the government wishes to rise the price up just to crash it down. |
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But all those dotcom crashes were things related to firms. Bitcoin is not a firm, it can never die even if the price tomorrow crashes to less than a penny.
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I'm pretty sure all of the revolutionary advancements of our lifetime were not built on greed. You name it, probably wasn't greed. Facebook, Internet, Google, whatever. These were all exercises in intelligence and providing utility. Solving a problem, not looking for a cash cow. The adoption and subsequent profitability came after and probably was not a forethought.
Edit: and in that batch, I include bitcoin. "satoshi" didn't even want WikiLeaks to accept BTC because it's still in beta, but if he were greedy he would surely implore them to do so. He/They/whatever, probably would not be happy with how Bitcoin has been going.
But you're right, I do believe a huge, HUGE majority of new "adopters" are here just for the quick profit. Couldn't agree more.
Well it can be both. People want to solve worthwhile problems and want to profit at the same time. That's why greed is a part of Bitcoin (along with all the other non-greed related aspects), as much as you might or might not like it. |
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Without greed, no one would have invested any time or money into Bitcoins a few years ago.
Unless they believed they were doing something worthwhile. An intellectual exercise. That's not greed. You need to appeal to people's instinctive greediness on some level to get just about any project off the ground.
So you start all your projects based on greed? That's pretty depressing. You must not do much for fun. I don't really see greed as a problem to Bitcoins. It's a necessary kickstarter to build its infrastructure.
If BTCs were worth zero, then why should anyone care to trade them or mine them?
So yeah, greed does make the world go around.
Depressing. How many people can you get into the system to build it up to where it is today if it wasn't because of greed? For every user who are here for an "intellectual exercise", it's likely that you have another 3 or 4 who are in here for monetary gains. Let's not delude ourselves. |
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If bitcoins crash to say 20USD, will speculators lose faith and abandon it? Or would they just buy up as much as they can, correcting the market, and reinitiating the volatile trend towards whatever value the market might peak (and potentially stabilize) at?
It seems that most of the market relies on a sense of trust. A trust that bitcoin will establish itself as a new currency--and if it does, a "crash" isn't even the right word, let alone a feasible scenario. It'd really just depend on the rate of integration. As long as we, as a society are willing to allow btc and fiat to coincide, it's just a matter of innovation
...but this all sounds a bit too revolutionary to me? Like it's impossible for this to fail. Think of how the internet's developed thus far: a means of archiving (google), social networking (facebook), media/entertainment (youtube, hulu, netflix), transaction methods (paypal), marketplaces (amazon, ebay, newegg) and eventually a currency integrated directly? (btc). In the development of the internet, there's a pattern of needs that arise and means that fulfill those niches, all of which have become absurdly successful.
How are you interpreting this? I'm having a rough time trying to fit this all within the right perspective.
A crash happened before in 2011, I don't see Bitcoin simply disappearing after a crash. It will be around for a very very long time. |
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I think using a smaller unit like Satoshi also makes it easier for people who only want to buy a very small fraction of a one BTC, just to see how they can do it in everyday life. Sure, if 1 BTC = $10k, people could get out a calculator and see what their 5 dollars are worth in BTC but it just gets confusing for the average joe. And for wide adoption of Bitcoins, we need to cater to the average joe.
tldr: we need more stupid suckers to buy Nah it's not about stupid suckers or anything like that. If Bitcoin grows to be really big in the next couple of months/years, the average person can't think of buying a single Bitcoin, they simply can't afford to. Use smaller units to help them out, that's all I'm saying. |
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Without greed, no one would have invested any time or money into Bitcoins a few years ago.
You need to appeal to people's instinctive greediness on some level to get just about any project off the ground.
I don't really see greed as a problem to Bitcoins. It's a necessary kickstarter to build its infrastructure.
If BTCs were worth zero, then why should anyone care to trade them or mine them?
So yeah, greed does make the world go around.
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I think using a smaller unit like Satoshi also makes it easier for people who only want to buy a very small fraction of a one BTC, just to see how they can do it in everyday life. Sure, if 1 BTC = $10k, people could get out a calculator and see what their 5 dollars are worth in BTC but it just gets confusing for the average joe. And for wide adoption of Bitcoins, we need to cater to the average joe.
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Won't happen.
Because there will be a point where people stop buying coins when they think they are too "expensive" ... "$1k for just 1 coin???"  And they don't understand the divisibility. We need to change the units/decimals to make it look cheaper.... We need to start using "Satoshi's". It'd be easier to get people in if they think they're buying 100's and 1000's of Satoshis instead of one Bitcoin. |
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An end price of around 1k or so by year's end is more likely, but even that is slim. Don't expect 10k any time soon.
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Prices will go through the roof everywhere as soon as another country gets "cyprused".
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Material assets are slow, inflexible, hard to divide and trade with. Bitcoins is quick and has no borders. Most of these old kooks don't really see things outside what they can touch (or think they can touch). That site looks like a bunch of baloney anyhow; way too slick to be taken seriously.
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Buy her some Gucci using Bitcoins, then she would understand.
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Guy's not only a troll, but a troll that's possibly involved with Freemasonary (and of course TPTB). Look at the symbols he uses for his channel and in the intro to his videos.
He has banned me for saying this in response to his vids. Guy's not a very upstanding honest character.
He's known for suppressing opinions differing from his. "Truth never told", I guess. The more I view his channel, the more disgusted I get. This Chris Duane guy and the rest of his Masonic gang are really a bunch of Neanderthals. Just look at all channels he has listed under his homepage on youtube... masonic symbolism everywhere. Take a look at youtubers who write Anti-Bitcoin comments in Chris' videos... very easy to see a connection. |
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When BTCs get really really big, they're going to associate it with terrorism, mark my words.
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