I am. I completely do not see the use of Bitcoin anymore. To be honest: I got into Bitcoin just for speculation, nothing more. Bitcoin does not live among the population of the world and governments will not allow it. The right to issue currency has been a royal prerogative or has belonged to the government for many centuries, and they're not going to give that up easily. The only reason why western governments aren't really acting is because the Bitcoin userbase is still pretty slim. If it ever is to grow again, then western governments will just hammer Bitcoin down for good.
Then there's the issue of value. Bitcoin is NOT a safe haven for your money. The exchange rate in the next two months can be double or even triple that (up or down) of today. Why on earth would someone in his right mind step into Bitcoin then? Of course they won't, nor will the institutional investors that apparantly are 'stepping in right now'. Yea right, they've been stepping in for months already, yet I don't notice anything next to a long grind downwards.
I've switched all my Bitcoins to fiat, since the value in fiat is SOLID, at least in the short and mid term. I might buy some XRP though, since I believe that Ripple can give many of the advantages of Bitcoin, without getting in the way of governments too much. Also, it isn't infected with the Altcoin-Stigma, at least not more than partially.
this is bullish... I beg your pardon? HERP DERP (that's a good summary) If you call my arguments bullshit, then you better take a look again. Bitcoin is not a safe haven for your money. Disprove that. Governments will likely keep exercising control over currencies. Prove that is unlikely, despite all we've seen over the past few months. Bitcoin is risky overall, if you look at what happened at several exchanges. Disprove that. Institutional investors aren't stepping in. Tell me why it's likely that they are. Etc. ...and that was March 23rd. The light of dawn will always find Bitcoin (or its spiritual successor) riding toward the eternal sunset of glory.  all you bears, it's a shame you have no courage or faith to believe in a just cause. |
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The Chinese Bitcoin speculators are parasites.
They know full well they have no hope of actually implementing Bitcoin technology in their communist society, so the best they can do is make a buck off the technology and siphon off capital from all the other investors around the world.
Good riddance.
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If you aren't getting reamed by electrical costs and you are doing GPUs that can hit other coins, then it is profitable.
ROI is certainly dim at the moment, but it's still there for the GPU people.
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Hold the line, bulls.
Remember your history on previous "crashes".
Bitcoin has always come back, and this time is no different.
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Only one more major exchange in China to go - BTC-China.
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Gonna keep that 10% fee enabled simply because you allowed the freedom of choice to disable it.
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I have to fly out sun for work.. Last minute kind of thing..
Should I buy now or wait until after the 15th?
What is April 15? April 15th is the date by which all Chinese mainland financial institutions and payment processors must cut their ties to the exchanges. I.e. no more buy ins or sellouts. |
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besides Silk Road  uh oh i said the ultimate question. Now you answer  A reformation of the monetary system, in the very least. Silk Road supporters, anarchists, and fundamentalist Libertarians can go crawl back under the Tor rock they hide under. |
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you can keep dreamin  , fact is, none of this will happen fed is corupt, fed is evul Don't worry, the anarchists / extreme libertarians like yourself will be marginalized to the outside of the Bitcoin camp. Bitcoin is a reformation of monetary systems, not a social revolution against the government. |
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OP, how about you become a productive member of society and learn something about giving back to your community? Tell that to the IRS. If you work in the private sector, you already play your part in society. I do work in the private sector. However, I ain't gonna get into it with you Libertarians and assorted anarchist types, except: Government isn't going anywhere. Oversight/regulation isn't going anywhere. Taxation isn't going anywhere. Fiat isn't going anywhere. LE isn't going anywhere. Banks aren't going anywhere. The Fed isn't going anywhere. Grow up. Stop whining and pay your taxes like a man. Reform the system with civility, patience, and reason. Adios, and if you want - feel free to hit that ignore button on me anytime. |
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OP, how about you become a productive member of society and learn something about giving back to your community? |
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Every time i watch COPS and i see the murder-for-hire episodes, it's always dollars the fake hitmen are willing to take. WTB episode where bitcoins get offered. More seriously, Holder's statement was 100% political because he is a politician in LEO clothes. The LE community knows full well about the transparency of the ledger system. All it is is that they just aren't willing to put their necks out that far. They stick to the official line just like the military community. If it ain't the accepted mantra, it aint gonna fly. Only time, education, and the evolution of the Bitcoin market ecosystem is needed to win this generation (and the next) over. Holder poses a challenge for Americans.
+1 to that.  |
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Texas, greatest country in the world. In contrast, I present you the wonderful prison that is NY.  |
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Hello,
I think we as a community need to begin educating people on how Bitcoin works. The world knows that Bitcoin exist "hooray" but only believes the negative information that is spoon fed to them by the incompetent media. From my observation most of us bitcoiners are avid bitcoin conspiracy theorist. The conspiracy theories is something that we don't need to spread...
What can we do to educate the world, so that mass adoption really speeds up?
You can educate people all you want, it won't matter. Until BTC becomes more convenient that fiat/credit cards, no amount of education will change anything. If Coinbase could implement something like this, issue their own debit cards linked to wallets.. we'd be in business. |
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Well, 46% of Americans believe in Creationism according to this. It makes me guess that the amount of idiots is somewhere between 46% and 47%  I am a reformed "Calvinist" Christian. I have no specific denomination. I hold the NKJV Bible to be the inerrant Word of God and fully know "Creationism" to be true...and I am an ardent supporter of Bitcoin. Bitcoin fits fully within the Biblical principles of justice and equality - "equal weights". Bitcoin is open, transparent, and begets equal weights throughout any system it is implemented in. The current monetary system is exactly the opposite, shrouded in darkness and crookedness - unequal weights. Proverbs 20:23 NKJVDiffering weights are an abomination unto the LORD; and a false balance is not good.The reason why so many of my kind are against Bitcoin is because all it ever was used for in old days was contraband and other evil things. This is not so anymore, fortunately. Sadly, it is our/my fault for allowing my kind to continue being against Bitcoin. Every day i attempt to change this false understanding among any Christian i meet. |
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While I'm impressed that you took the time to do this, I have to say that I don't particularly want the government involved, not for my ideals, but because of the enormous economic experiment going on here.
Think about it: this is the first currency that's entirely unregulated. If anything, it could help us get a better understanding of basic economic principles, and it's for this reason that I've been participating in bitcoin. I love the idea, and I want to see what happens.
If it wins, which I think it will, then hooray. If it loses, then se la vi.
So yeah. I'm just saying that this is valuable economic data, if nothing else.
The government will get involved, no matter what. Bitcoin would do well to accept some form of sensible oversight, and move on into a broader integration into the market. |
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Now it's better to buy coins than hardware mining. So yes the mining is dead (the cause of Bitcointalk.org admins and sh*ty altcoins devs). I don't pay my electricity and my hardware are already refunded then i continue to mine but buying hardware now it's fully useless.
Excellent. Just got another 7950 for under $200. |
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Mining is only dead for those whose electrical costs are high enough to actually strip out any profit given the coin they are on.
Mining may be dead for one person, but not at all for another. Blanket statements like 'mining is dead' are made by newbies who are simply new to the profitability cycle of virtual currency and who likely came in merely for a quick speculative buck based on something they read or where told. These same newbies always make the mistake of thinking that their ROI will be a linear constant. It almost never is. It could be sped up in impressive fashion (re: latest altcoin explosion over the winter), or sit back and plod along like stuff is now.
In short, you either give yourself the necessary time to potentially break even in the least - or simply don't even get involved in the first place.
Remember, the lazy person always starves - the same is true for altcoin mining. If you don't work at it, you will starve too. The profitability landscape is always shifting: one must adapt to the shifts. Nothing ever dies.
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Mainstream services must be integrated into current merchant hardware/software infrastructures ie: POS integration using bitcoin "debit" cards. The algorithm must tap out and stabilized value spread out at the mBTC levels. Network transaction thoroughput must be greatly improved. Tax compliance issues must be worked out. The Chinese must be booted from the market. In short, Bitcoin is not quite capable of mainstream market adoption...yet. Thanks to all of the institutional capital flowing in, it will be.. soon. Read http://newsbtc.com/2014/03/24/secondmarket-ceo-barry-silbert-meeting-institutional-investors-regarding-bitcoin/That being said, Bitcoin will not ever replace banks. Bitcoin will however make obsolete the entire payment processor sector. My personal rant: Libertarians and anarchists think Bitcoin is theirs as a weapon to "stick it to the man". Guess what, it ain't, and it won't ever be. It is not some revolutionary Che Guevara style tool to bring about some banking "french revolution" or the government. It isn't some social demographic leveling device that brings the rich down to rags, the banks to their knees, or the government crying for mercy. In fact, those who think of Bitcoin as any of the above need to just grow up, accept the fact that there are rules out there, and learn to be a productive member of society. |
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Out with the speculators, in with the technology investors.
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