OKDSKADKSKA KDSKL KDSKLA.....

Okay, I'm seeing lots of hysterical newbies, who could well be trolling with the sheer stupidity that's coming out lately because of the rise in the exchange rate prices but let me tell you something for a minute before you decide to scream this is the end like everyone did with ASIC's. The only thing that is being affected by this selling/buying frenzy is the exchange rate of Bitcoin, the value of Bitcoin itself when you look at the math doesn't actually change because Bitcoin has a fixed volume. If the price for Bitcoin in USD or any other conventional currency falls or rises this doesn't mean the end for Bitcoin in any sense of the word because in the end 1 Bitcoin is still 1 Bitcoin, it can't change if you have 0.2 Bitcoins today that's still going to mean you have 0.2 Bitcoins tomorrow. I'm pretty sure most intelligent people realise this but in the end if the price falls you can just sit on it again until the price rises again because you're still going to have the Bitcoins you gained in the first place. It isn't like the conventional currencies where if the prices crash then it's a disaster because Bitcoin isn't tied to anything and the volume of Bitcoins can't increase so the only thing that is going to change is how much you would pay for it in paper money.

So in short, the only people this will drastically affect are the ones who are either day trading or generally speculating and that's their only source of income ( which to me is a pretty moronic thing to do especially in such a new economy ) if you actually earn Bitcoins then all that changes is you'll get less paper money than if it were at the highs it is now. If that bothers you so much then you can hold Bitcoins until it rises to more reasonable levels again or you can start a bloody farm and sell basic food for Bitcoin so you can get a better form of income and not be as affected by paper money. I hope while ranty this does actually explain why people are just being overly hysterical and acting worse than wall street traders about this.

This really does remind me of ASIC's, I suspect every couple of month there's going to be a new reason for the end of Bitcoin, it will happen and I'll be rolling my eyes at people for getting taken in so easily and not using their brains.

A hatred of our current currencies and central banking, I literally rage typed about currencies once and then Bitcoin popped up onto google

Oh for fucks sake don't - Sincerely, British Citizen who has been born here and lived here since 1990

It reminds me of Americans who have this stereotypical view about the British and how we all speak in posh accents and everythings in Victorian times and we're really polite, you are going to have your entire world come crashing down if you ever actually visit here lol.

Why do we need to quote anyone? Just look at the swarms of hysterical newbies coming in who haven't even used google or basic math when looking at Bitcoin.

Deflation doesn't discourage spending, it does the exact opposite because everything is cheaper   it's pretty obvious these days for me to tell who's just absorbed what they were taught at school and who actually went out and did research on economics.

I agree, no matter who the enemy is you can't excuse killing bystanders and defenceless people, otherwise you're not better than the people you fight against.

While I can understand politics, I find it disturbing that we are being conditioned to care more for civilians in our own country than that of others.

I am of course talking about using drone strikes on people in other countries in the first place.

My logic applies either way, Bitcoin itself isn't as affected by peoples spending or saving habits as drastically as hysterical people here are claiming.

People like you who claim this flaw aren't thinking things over realistically, if someone buys up lots of Bitcoins or gains a lot of them the price will rise because of demand and the volume in circulation while the price in dollars will certainly crash Bitcoin itself will remain unaffected. People are still going to be able to trade with the small amount of coins left and of course as others have pointed out in threads I've seen without using search 1 Bitcoin alone can be divided up into millions of decimals.

In theory if the Bitcoin becomes that valuable then we will be dealing in 0.100000's of Bitcoins rather than in full Bitcoins because owning a whole Bitcoin will be like being a billionaire in conventional paper money, the difference between the paper money and Bitcoin of course is that the volume can't be increased. So to make a long and tiring argument short, yes, BTC/USD price can be crashed, but Bitcoin itself will be fine, it's a bit like when MTGOX was hacked, people panicked, but the reality is Bitcoin is still here and still being traded. We also had the GBLSE taken down recently and that hasn't drastically affected everything either and then there was that glitch with the MTGOX exchange too, while that crashed the price for USD, Bitcoin itself could still be openly traded without problems using the clients.

The worst stories I have heard are of people who are students at schools/colleges and they can borrow laptops only to discover they've put all sorts of weird shit on them, saw on the news as well about how kids were being spied on too through the webcams and stuff >_< so that's hardly the worst thing that could happen at least lol

We can't speak for other people but one thing I saw was that Ron Paul definitely wanted to encourage was the idea of competing companies, I don't think he or any other person who supports gold/silver is necessarily completely against the idea of non-gold/silver backed currencies it's just that historically gold and silver have proven to be the most reliable for tons of reasons that have been argued about to death by anyone who knows about this sort of thing. My own view is I'd say as long as Bitcoin remains open source and it follows mathematics instead of the will of a particular party it may well prove to be a better alternative to gold/silver but we're going to have to see it in action before any conclusion can be made.

One thing I will say though, this is definitely the end for paper currency, I'm sure there are people who will stay in denial to the end, just like with all other empires that decided to collapse eventually.

To be honest, serves you right for buying pre-built computers from Dell that you can't tinker with easily yourself laptops are a pain generally though, I tend to stick with desktops.

The fucking weather? Tell me this isn't real!

..... Mjbmonetarymetals that may have been a joke but lol maybe we should actually buy up all the paper and ink manufacturing factories so that the federal reserve can't print any more notes, or at least make it so that it's too expensive for them to keep it going

lol he isn't actually sure and just wants people to buy the 'information' off him which will just be a message filled with bullshit and he'll mysteriously disappear off the forums if the price doesn't crash, if people buy the information off him and he doesn't have to take the risk it's a win win.

I don't think there's anything stopping you, but I haven't seen anyone create the software for it yet.

Edit: What you could do is set up a betting pool to and bet whether Bitcoin falls below a certain price, but I've forgotten the websites where you can do that.

All this says to me is I must work harder! LOL

Try pushing onto it to release the pressure and then turn it?

Don't speculate with Bitcoin, while people have made fortunes from it yes I think the prices are too erratic really, it's entering new highs but for how long? I don't think anyone will know for sure what's going to happen in the next couple of months though I hope it still stays valuable.

While I'm really glad to see this, I'm wondering if it will hold O_O or will it just crash to the earth as everyone sells off?