Classic bagholder fallacy.

Invention A was wild success, therefore, Invention B will also be wild success!

All the inventions you referenced added utility and enriched people's lives to a great extent. Bitcoin doesn't provide any utility for hardly anyone, which is why nobody aside from the fanatics are buying it, and they're only buying in the hopes of becoming rich quick.

Didn't you say last week that we wouldn't go any lower than $360, and that was the time to buy? lol, I don't think you're giving this bear market enough credit.

Pro tip: Never fight the tape!

I can almost hear the gears slowly creaking in your heads as you consider how you're going to respond to my arguments. That's why I love this place! Debating here is akin to a heavy weight boxing match between Mike Tyson and Pee Wee Herman.

It's so easy!

Ok, now that I'm done with that other dummy, it's time to circle back to this one.

M-Pesa is issued by a central agency and pegged to the national currency on a 1:1 basis. Biiiiig difference.

Kenyans can count on their money retaining its value. Bitcoin users can't, and if a poor soul living in Kenya had bought bitcoins this year rather than M-Pesa, he and his family may have starved to death!

I speak fluent Arabic as part of my business and my military background, but it's awesome that you know everything about me, just as you know what's best for the third world!

And if anyone is bitter here, it sounds like you. Have you ever left your country before? You don't exactly need to be filthy rich to travel extensively over a span of several years. But I guess *you're* the expert because you read a coindesk article 

I come here for amusement and to warn others about what they're getting in to. I have no doubt that others are reading these conversations and having doubts about the feasibility of an unregulated currency that dropped 70% this year, and nobody outside of this circle really has any interest.

That's what I do. And I can sleep soundly at night knowing that I've saved one more person from financial ruin.

I wasn't an NGO or a Peace Corps Volunteer, I was living there for several months as part of my telecommunications business. I have also traveled extensively thanks to the wealth I've built through my lifetime. I built that wealth by avoiding mirages and flash in the pans like bitcoin. My travels have taken me to many countries in central asia, Africa, and the Middle East, where I've experienced the lifestyle of the locals.

Most of these people don't have appreciable savings, they live day by day and as I said, most of their wealth is tied up in their home or other illiquid assets. They're not dumb enough to put what little they have in an unregulated currency. If they had done it this year, scores would surely have starved to death!

It's easy for you to sit behind your computer in your plush college dorm room or wherever and tell everyone that bitcoin is the answer for the unbanked of the third world. What an ego. You think you know what's better for these people than they know themselves? If they have any money to spare, they'll buy euros or dollars, or put it in precious minerals. Not bitcoin.

I don't trade bitcoin. I bought some during the spring 2013 rally, and sold while we were above $600, thanks to the wise advice of fallling and his associates. And I didn't buy much for that matter, so I could really give a shit.

This place needs some objectivity to counter the unbridled, and baseless enthusiasm of the bulls.

I'm beginning to wonder if you're a troll whose strategy is to mock the bulls?

Have you lived in a third world country? I spent months in the horn of africa, and very few of those people have any appreciable savings, aside from their home and livestock (if they're fortunate). you think they're going to put it into a currency that loses 70% a year like bitcoin in 2014? 

Are you for real?

  You think bitcoin is going to be worth $560,000 next year, and you're telling me that I have a problem differentiating between reality and fantasy I love this place!

I guess you're cashing in every single spare dollar you have and buying up all the bitcoins possible, right? Because bitcoin has so much *future* value. In reality, a paper wallet will likely be worth little more than the paper it's printed on. Well, I'll be here to let you guys know that I told you so and tried to warn you. Of course, by then you'll all be gone and buying up some new variety of magic bean, I suppose.

you should listen to fallllling and his associates (I am not a member of the anti bitcoin consortium, but I do pay my membership fees to the monthly newsletter)

there is no need to "hate" the early adopters, but you should recognize now that you are not part of their exclusive club, you were too late. if you chase bitcoin profits, all you will have to pass on to your kin is a sad story of loss and remorse.

you are already underwater. it is best to cut your loose and start a safe investment vehicle. PM me and I can provide you with many advices on how to start a Roth IRA or introduce you to Berkshire Hathway. You can start with a BRK B share, which trades for $140.

A handful of people became rich from their early investment in bitcoin, but you will not be one of them, sir.

I have made vast riches from a lifetime of wise, steady investments, I avoid commodities with no utility like bitcoin. bitcoin is nothing but a mirage.

Take the money you've sunk into bitcoin and invest it into a mixed portfolio of stocks and bonds. IF you're still young (judging by your post history, I put you at around 20 years old), take that money and put it in a higher balance of stocks, which you can adjust to safer investments as you get closer to retirement.

If you continue chasing bitcoin riches, you will retire into a cardboard box and eat government ramen noodles!

You want to make millions for yourself, and then you'd like to see your friends make millions as well.

And shouldn't you be saying that you'd like your friends to make a few bitcoins, since each one will be worth millions of dollars in a few years?

People get rich from hard work and wise, long term investing. Not buying a risky, digital asset, going underwater 50% or more, and then magically striking it rich a couple years later.

This and your other post to this gentleman asking him to find a girlfriend... you seem to judge your self worth by engagement with womens? It's so random.
Why so insecure?

Yeah, I have a question. Why is the MtGox price always higher than the other exchanges?

But it already is flawed, you're just blind to see it!

Nobody with a college degree will invest in bitcoin for these fundamental reasons:
-51% attacks, no solution in sight
-bitcoin too difficult to secure, grandma and grandpa can't secure from hackers or hardware failures, in fact much much majority of people ignorant about computer security, and computer hardware redundancy principles
-people want tangible money. they want to know they can walk into bank and withdraw it in $100'00 bills if they want to, and fill a hollow swimming pool like Mr. McDuck. Digital tokens stored on a "digital ledger" is not sexy for anyone but bitcoin fanatics, and even they are only speculating to make more USD!

Drop your false hope!

I'm not sure if you realize or not that the ATM-like machine will require money to run and maintain, and additionally there will be fees for transferring the bitcoin to/from the local currencies. Once you move the bitcoin client away from a home PC or smart phone, it essentially becomes another third party money transfer service.

And I've already told you that the mainstream public does not want to move money around by themselves, because they're too worried (for good) reason that they'll mess it up or that the value will crash before they can convert back to the local currency. So as you can now clearly see from my argument, bitcoin is "fixing" a problem that nobody has.


Here's the difference: people like getting e-mails, but nobody aside from fanatics want bitcoins. They're volatile, need to be converted for fees, prone to security issues, and can be completely lost in the case of a hardware failure.

If you lose somebody's e-mail, you can ask to have it sent again. If you lose bitcoin, then good luck!

ftfy

Didn't you hear, bitcoin will raise the world from poverty and usher in a new age of world peace, if only the sheeple would give it a chance. 

And then they find out a few days later that Aunt Flora never received the bitcoin, because there was malware running on her machine that hijacked her private keys. Maybe she received a phishing e-mail earlier that said, "Bill Gate will send you free bitcoin if you click this link and then forward the e-mail to all your friends!" She was using Windows after all.

And who sends cash to their aunts anyway? Why not buy a gift card like normal people, or even just send a check in the mail if you really insist on the cash?

Bull-tards love to give silly examples of why the world needs bitcoin, but for each one there is already a better solution in place, or it's not a genuine problem to begin with.

ie. there are very few people interested in being "their own banks" because the bank does everything for them they want, and they don't need to worry about losing all their cash on a misclick or technical issue.