Then you must be a fool if you think (which it seems you do?) that supplanting global currencies such as the Dollar and the Euro could happen within 5 or 6 years or whatever. It would take decades, probably generations. Bitcoin is just not a good currency yet (I don't know if it will ever be a unit of account), but it already is a good asset for those who seek to control their digital wealth and invest in it. No need for Joe Public, only need some people who value the properties I listed in an asset, and this is happening, see people like Winklevosses, Tim Draper. From there it goes on to banks, hedge funds, ....
And I'm constantly amazed by why you Blitz are a moderator of a pro-bitcoin forum.
And I'm amazed that someone who is supposed to be pro Bitcoin is non stop posting FUD about how Bitcoin is doomed. It seems I'm actually the most positive one around here, because I've accepted Bitcoin's limitations in permeating the world. @njcarlos I probably should, it's pretty much the default way of writing my posts in this thread, but that's probably because of its speed.  |
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Who is this Joe Public? And why do you have such a low opinion of him?
Joe Public is everyone that you want to eventually care about and buy bitcoin. Without them, bitcoin is doomed. Why? Because there are only so many people like us (current nutjob bitcoiners) in the world. Is it just like the Internet. There was a time when Joe Public absolutely hated the Internet and stayed far away from it (from lack of trust), while a small nutty community of nerds loved it. Bitcoin's real value as a digital zero-counterparty risk asset with known inflation has nothing much to do with Joe Public. Pandering to Joe Public is something that the Bitcoin cultists and hipsters came up with so they can make themselves feel good. But Bitcoin just isn't very useful as a currency. |
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If this is what "non idiot traders/sellers" or "holders" look like, then what do idiot traders that he constantly whines about look like? I will leave this place soon. Bitcoin is dead, it's only down from here and i sold everything i got quite a while ago so there is nothing for me here anymore.
I tried to help the few delusional bulls who just won't give up but they don't appreciate my warnings very much. Ah well, your money. I don't care really.
I'll come back every 50 dollar drop for some entertainment. So long and thanks for buying my coins at 400. Poor schmucks.
Good luck with your pump and dump coin.
I feel sorry for all the idiots who sold at these ridiculous prices and i will laugh at all the bears who will get caught in trap after trap the coming weeks.
The only winners are the holders (like me) and the people who pick up the last cheap coins while they can.
We're going up and it's confirmed!
None at the moment. Not sure if i will buy back again. I invest in other things now.
Hint: He hates himself. |
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Told you we would go back up.
No, I don't think you have. Check your post history. I'm afraid you are going insane lately, you're losing sight of reality. |
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So I should become a day trader like you, and trade bitcoin on the dumps until it goes back to $50? Yeah, that would be a great time. That way you and I will be the last 2 bitcoin holders on earth by the end, because no one else will care about bitcoin anymore. Good times.
I'm not a day trader. My timeframe is much longer than that. I'd probably term myself a position trader. Why is the only word you guys know about trading "day trader"? I take it you don't like treating yourself well and are more of a socialist who likes to sacrifice himself for others. That's fine too. |
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Lemme help some of you new guys out. Whenever you see things like market price setting at a fake number like $399.99 379.99, and it sits there for more than 12-24 hours without going up, you can bet that a dump is incoming.
You're welcome.
(I hate this stupid market, but still hodl for life)
Ahem. Right again. This supposedly unpredictable market has become so predictable. I'm just gonna leave this little reminder in bold here again. Sorry to be so pessimistic, but that's what 11 months of downturn will do to a bull like me. I have witnessed this same action time and time again. Hope the market will prove me wrong tho. Nope, right again. This shit is just getting too easy. Right again. I'm a fkn Nostradamus. You should really become a trader instead of a jaded hodler/perma complainer, then you'd channel your energy from complaining to doing something productive, and if you really have a good track record plus good money management, then you will be able to make a lot of money. |
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This is good, I hope all the Chinese exchanges get shut down finally.
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The two big Shroomsy hypocrisies: I. Accuse others of being idiot sellers and traders. Be idiot trader and seller yourself. II. Accuse others of acting like they know the future. Act like you know the future yourself. Should we donate to get him a good psychiatrist?  |
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This is buying zone.  Not yet, there's no rush with the fact it looks like the bear market is still in tact. Save your fiat to defend the bottom. 330 by tomorrow. Source? </ShroomsKit> |
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... it is at least as tempting to buy in at the current level than it was at the level during the previous auction, and probably more so.
What do you mean? Do you know the price paid at the last auction? (If not, what are you extrapolating from?) We don't know the exact price that the lots took in last time, but probably neither drastically above nor below market. Not drastically below, because one guy got them all, not drastically above, because the premium to get them all in one, counter party risk free lot is there, but probably not so large that it warrants, say, doubling market price.
And I'll add: while nobody named their exact bid, iirc two participants went on record that they submitted, in their words, lowball offers, but they still referred to it in the context of current on-exchange market price. That was seriously an enlightening moment for me: I had always, in the most bearish corner of my mind, suspected that there might be "the market price" that us dumbasses pay, and the "true value of a coin" the big boys are looking at. Turns out, the big boys (and girls) are just staring at market price as defined by on-exchange trading as we do. Small consolation This is why Willy v2 is inevitable. |
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6348XBT was bought with $2.42M
 The third time now! |
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Miners (businessmen who only sell) => SR (increasing velocity of money, increasing liquidity, decreasing scarcity/price) => FBI/USG (seizing all this liquidity and inducing supply shock by increasing scarcity) => Auction bidders (influential Silicon Valley Billionaires who now have an increased stake in Bitcoin the asset and not only Bitcoin companies)
This flow of money is bullish. I hope this happens until almost all the supply is in the hands of Tim Drapers and Winklevosses.
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Hahaha, Draper's averaging down. |
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In some ways it is delightful we don't have as many full on trolls in here. At the same time, this has turned into a total echo chamber of delusion, again.
Agreed, this place (and others) has become an echo chamber for bitter ex-bulls (well, pigs) who have been burnt and are now constantly decrying Bitcoin because of their inability to realistically evaluate risks beforehand. |
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He overpaid at a proximate high on a s--- ton of coins he'll never be able to unload at that price ever.
Thanks Newbie912948350, good to know that Bitcoin isn't ever going to 500s, 600s again. 30,000 BTCs discounted for opportunity costs and the time value of money might actually never reach $600-$700, again. Yes, you're are damn right that's what I'm saying. (I actually don't mean this in a hostile way... just energetic way... it would have to reach Gox bubble levels, again, to make that investment shake out in a profit). Doesn't mean the nominal price won't be higher. Ridiculous. Unless Bitcoin is supplanted, it can easily reach his 10k target within 5 years. |
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He overpaid at a proximate high on a s--- ton of coins he'll never be able to unload at that price ever.
Thanks Newbie912948350, good to know that Bitcoin isn't ever going to 500s, 600s again. |
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Adam should lock this thread in 10000. page and start new one. 1.5 years passed.
Nah, we need to go for 100k posts next. |
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Traders are idiots indeed: I will leave this place soon. Bitcoin is dead, it's only down from here and i sold everything i got quite a while ago so there is nothing for me here anymore.
I tried to help the few delusional bulls who just won't give up but they don't appreciate my warnings very much. Ah well, your money. I don't care really.
I'll come back every 50 dollar drop for some entertainment. So long and thanks for buying my coins at 400. Poor schmucks.
Good luck with your pump and dump coin.
I feel sorry for all the idiots who sold at these ridiculous prices and i will laugh at all the bears who will get caught in trap after trap the coming weeks.
The only winners are the holders (like me) and the people who pick up the last cheap coins while they can.
We're going up and it's confirmed!
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And the future cash flows of Coinbase are riskier than future Bitcoin utilization because Coinbase have competitors whereas BTC have no credible one.
Great point, I hadn't even considered that. Bitpay is certainly more of a competitor to Coinbase than any current altcoin to Bitcoin. |
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