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OH MY GOD, I read the comments in this thread, and after panicking for nearly 3 hours, I finally calmed down enough to log in to my account and was going to sell all my bitcoins.
But then I see some accusations that all of these people are the same person? What's going on? Is this a case of very rare multiple-conjoined twins? But apparently they always tell the truth, since trusted feedback said so? I'm confused! Should I SELL RIGHT NOW?
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No that is a valid question actually imo, it has as much chance at going to $1 as it does $10,000 in fact it probably has more chance because let's not forget it has already been at $1 where it has not been anywhere near $10k you see? It has however been to $1200 briefly but what does the graphs say since then?
Uh, that's just really bad logic. Look, if I was driving from San Francisco southward to Los Angeles, do you think I have a higher chance ending up in San Francisco since I've already been at San Fran, but not anywhere near LA yet? Horrible logic. That said, I do agree, there's probably a slightly higher chance of reaching... Let's say single digits versus five digits in 2015. Neither is very likely. But say in 10 years, I think the chances of bitcoin reaching either single digits (or lower) or five digits (or higher) is almost 100%. The chances of bitcoin staying in the hundreds is probably as low as bitcoin reaching $10k this year. |
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And it seems like they're only giving their blood sucking chips for free to manufacturers of products, so consumers don't actually get any discount off the item; they simply don't have to pay extra to serve 21 inc and give them free money.
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with 44k coins, you can afford to sell anywhere to keep your anonymity. The whole world is "local" to you, just travel by private jet. Or if you're REALLY cheap, first class on a *puke* commercial airline can do the job.
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Wow, Okay. I changed my mind. If this really is what they're planning, this is NOT good for the general public. It would totally suck. |
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Spoiler alert: you lose, and worse: you realize too late that your cross-dressing eroge games won't hold you at night in your single bedroom hovel. Meanwhile the rest of us are partying on the surface of the fucking sun.
Dunno about the rest of you, but I'd certainly rather hovel in a single bedroom on Earth rather than party on the surface of the sun. |
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What really stuns me about these devices is the security implications.
You realize we're talking about a box controlled by someone else, with its own network access and sensors and probably also attached to your own home network, sitting inside your home?
Hello?
Does this sound like a Bad Idea to anyone else?
These chips are an absolute plum of a target for anybody who wants to do REALLY invasive snooping. And I would guarantee that those capabilities will be baked in; it is simply too profitable for these guys to not do.
If you're worried, don't use the product. It's really that simple. For those who think the benefit outweighs the potential cons, they'll use it. That's all. |
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Read the OP's posts, guys.
No, bitcoin is not going to get rebranded into blockchain packets or whatever. The simple reason is, which sounds more catchy?
The thing is, the first delusional ultra libertarians who worship bitcoin for decentralization of currency or whatever is only a very very small percentage of the world. The rest of the world doesn't care about that.
What the rest of the world is looking for, is REAL technology that can improve lives, and that is enabled by the blockchain. So they talk about that. In the end though, a bitcoin is still a bitcoin, the name won't be changed.
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getting rid of alts won't help bitcoin. I would say most or even all of the alts today are immature and possibly has no future, but in the future, if crypto becomes mainstream, you can bet that there will be, and I would argue NEEDS to be alts that compete with bitcoin, just as there is Bing, DuckDuckGo, Baidu etc competing with google.
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How do you think what price of bitcoin will be in nearest future?  Guys, read the OP. Nearest future? $239.77 USD. |
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You're deluded in thinking that most are here for believing. Its mostly due to the possibility of making quick money. No matter how low it goes, there will always be those who will want to buy at those prices hoping for a quick profit. In addition some of those who bought higher may want to cost average and get more.
I think you're right and you're wrong. Even the most pissed-in-the-woods bear will admit when pressed: Bitcoin is too neat to die. Uh no. I'm not even a bear, and I think bitcoin can die. In fact, it's more likely that it dies rather than succeeds. It's just that the benefits of it succeeding outweighs the risks. Kelly criterion and such. |
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My opinion is it will be $1 or $1000
Why do people think so small? Your idea of success is a mere 1000? If bitcoin is shown to be able to survive and go mainstream, at least 30k. Could possibly have reached 6 figures at one point. he is being realistic. you are not. how can you think bitcoin will reach $100k one day? that really is beyond insane. stop dreaming. No he isn't. If bitcoin doesn't go to the moon, all the speculators will leave, making it worth a lot less than it is now. Success necessarily means that it's extremely valuable. Besides, when it was $1 each, people thought $1000 was impossible. Then again, you've heard all the arguments for or against many times. In the end, it's about people thinking small vs people thinking big. You think, well, I'm never gonna be a millionaire. Of course you won't be one if you think like that. Do you think Bill Gates or Zuckerberg thought that way? Even if bitcoin ends up being worth very less, which is quite possible, those who think big will ultimately succeed while those who think small never will. Keep on being happy with making a thousand dollars and then spending it all on junk. |
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Uh, you get paid gems, not bitcoins...
And really, if getting "paid" such a pitiful amount makes a killer app, then the killer app for bitcoin would be faucets and sig campaigns. Lol.
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My opinion is it will be $1 or $1000
Why do people think so small? Your idea of success is a mere 1000? If bitcoin is shown to be able to survive and go mainstream, at least 30k. Could possibly have reached 6 figures at one point. |
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why does this sound like paycoin...
And shouldn't this be in the altcoin section?
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Just remember that any bear market is always more ferocious, if I can use that word, than a bull (upward) market. The main reason being that initial selling leads to more selling and eventually panic selling which, I think, is what we are seeing now. In an upward market you do not get 'panic' buying. So a downward market can and will often go into a sort of dump mode and during this time many a weak hand will be shaken from the market. I expect the price to dip even further before it will find support. That support will come from people buying back into bitcoin after the weak hands have been shaken out. I know I'll be buying in as much as I can over the next couple of weeks.
Also, as some have already mentioned countless times, this is not unique to bitcoin. The dollar is giving must other currencies a beating now. Just go look at the Australian dollar vs the dollar for the past couple of weeks. Its down a big big stretch, almost in a straight line. So its not bitcoin failing.....its the market at work.
Yes you do? That's where bubbles come from. |
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That's what "nothing" means, my friend. I can write some words on a piece of paper and tell my little 5 year old niece it's money and use it with her. That doesn't make it valuable...
Sure it does. As long as both people agree that it is a token that represents value and it is honored, it will become "futureofbitcoin" fiat currency with the utility of demarcating an IOU which does represent value (although rather small). I will personally buy all bitcoin that gets minted if no one else does. It will never go to "nothing" The two person example was a worst case scenario as well as the number of bitcoin fanatics that are unlikely to stray from this project amount to between 200k-1 million of the 4-7 million bitcoin owners. That is a decent market of ideological supporters that can maintain and grow it regardless of what obstacles are presented. See, you're arguing semantics, not the point itself. One shouldn't need to type "bitcoin will have less than 4 users transacting values of less than 50 dollars (USD value at 4:33pm EST, May 11th, 2015) per week..." It's extremely tedious, and unnecessary. Most people understand that "nothing", or "bitcoin is dead" simply implies that there will be very few people using it, if at all. Bitcoin doesn't have to literally become "alive" scientifically, then "die". I suspect that there are way fewer number of hardcore ideological supporters. Most probably sympathize with the ideology, but will give up if they realize that bitcoin becomes impractical because very, very few people accept it. Plus all the services that are run by people driving by profit instead of ideology will close down, breaking most of bitcoin's infrastructure. It might still be used among a few thousand people. I think most reasonable people would be okay with calling that "bitcoin is dead" or something similar. *Note i'm not saying the above scenario will happen, I'm just trying to explain that saying "bitcoin will never go to nothing because I will always own it" is silly. arguing about the semantics is not practical or useful in any way. |
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hodling until at least $20kish. I mean the PV of 20k USD. Not if USD suddenly goes into hyperinflation or something.
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Bitcoin cannot be banned. If people are careful enough, there is no way they cannot be prevented from acquiring bitcoin. There would be just too many resources going into hunting people down. The United States government cant prevent people from getting their hands on certain substances. Bitcoin is so much easier to acquire, hide, and distribute than drugs. No government can successfully ban it. That kind of injustice would be so short lived, so universally opposed. Maybe North Korea could get away with it nowadays... but in the next 30 years, even that backwards nation will not be able to stop technology. I hear cellphones and internet access is getting smuggled into there. It's only a matter of time until everyone accepts bitcoin to some degree. It's already more widespread than some government-backed currencies.
You make it sound as if bitcoin is so desirable that people are willing to go to such lengths to smuggle it. Would you go out of your way to acquire reindeer poop if ownership of reindeer poop was strictly banned? The government doesn't need to go to every household everyday to search for reindeer poop. No one wants it anyway. Bitcoin needs to first have a lot more people believing in it before your point has any relevance. |
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All it takes is 2 bitcoin fanatics to create the smallest market of trading and to mine and purchase up all the coins. If they cannot afford security than they will merely have to perform a fork and add a TapoS/PoS algo ontop of PoW. Bitcoin is assured as long as enough of us fanatics give it value and is unlikely to drop to 0 in my lifetime even if it is traded as a game/token by collectors for sentimental value.
Bitcoin is an open source project with certain fundamental principles and the ability for the mechanics or details to evolve. This is why bitcoins future(80years +) is assured.
That's what "nothing" means, my friend. I can write some words on a piece of paper and tell my little 5 year old niece it's money and use it with her. That doesn't make it valuable... |
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