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Yeah man, go for it! Buy that shit up like crazy! Put your entire fortune into it. You can't lose man, seriously.
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when people lose hope you know it's the time to buy. I'll happily buy bitcoins at below $100 from the bag holders. Then I'll sell the same bitcoins for the same bagholders when 1BTC is $10,000 You're an idiot if you think bitcoin would recover from a crash to below $100 all the way up to $10K. If it would recover at all. |
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I think it's very telling when, with the exception of 1 or 2, the majority of posters on this thread are in reality just troll day traders.
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BIDDER FOR FBI BITCOINS PLANS TO DUMP 10K COINS(NEW YORK) Nov 23, 2014 - To depress market for bargain hungers under $100, an undisclosed bidder, in the FBI Marshall public auction for Bitcoins plans on selling all of his coins at market. You know it's bullshit FUD when they can't even spell 'hunters' correct. Lol. |
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This pagecount rejoicing shit is just so ghey. Like Brony ghey.
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What happened on Nov 11th was just someone's attempt to try and get the EMA to cross early (and it failed).
Yes everybody, $100+ rally with hundreds of thousands of coins traded was all down to one person attempting to get the EMA to cross.  I didn't say it was one person, smartass. I guess you don't know that all the hundreds of trading bots on every exchange trade on key indicators getting crossed, huh? |
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Look at the Stamp 3d chart. About to get some fireworks again on the EMA cross.
I've been waiting for that 3D EMA cross over. Hopefully it pops better than it did in May From what I see, the magic number is $410. We have to break that resistance and stay above it for weeks to confirm a true trend reversal. What happened on Nov 11th was just someone's attempt to try and get the EMA to cross early (and it failed). |
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Look at the Stamp 3d chart. About to get some fireworks again on the EMA cross.
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How I learned to quit worrying and love the dump.
You love a dump that's been going on for 12 months straight? Will you love it still if it continues for 12 months more? At what point is a continuous, unrelenting downturn seen as a serious problem for Bitcoin? |
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Blitz, can I ask you a serious question?
Why is it that when other forum members (like myself) are *occasionally* negative or down about the price action and you want to jump all over them, but then JorgeStolfi and NotLambChop can come on this thread day after day after day spewing their constant negativity ABOUT BITCOIN AS A WHOLE and get a complete pass and never once admonished by you?
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IMO it's no use educating Joe Public about the great wonders of Bitcoin. Joe Public is perfectly content with his credit card, bank account, PayPal, etc.
Only thing that's of use is building stuff that will make Joe Public want to educate himself, or even better, stuff Joe Public uses that makes use of Bitcoin without him even caring/knowing. Things like Silk Road.
You and I see things very differently. I know that Bitcoin will have truly made it when every store, hotel, coffee shop, restaurant, bar, etc. in every major city worldwide has the "Bitcoin accepted here" logo right next to the "Free Wi-fi" logo and credit card logos on the entrance door. That might take another decade, but I believe it will happen. |
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Then why all the negativity, Torque? It was only created in 2009, and things have been going really well. In 2014 lots of good things have happened, same as in 2011 and 2012, despite (or because? Productivity might actually increase while prices decrease) the price decreases. Hell, look at the valuation of Coinbase at 400 million recently.
Shit's exploding, the price just exploded faster so it had to implode a little. Market always leads the economy.
<Sigh> I know that you're right about that, as I too have been excited about all the great developments in the past few years. I'm just really disappointed in the price action in 2014, as the adoption rate seems to be slowing down, and what folks were willing to pay for bitcoin after Nov 2013 they no longer see as a "good deal" (like that even matters in the long run). They now feel that it was all just a scam, and most feel lucky for having not participated in it. I feel that the greatest achievement is yet to come: educating Joe Public properly on what Bitcoin is and why it is important and valuable at ANY exchange rate. Please understand, when I whine about bitcoin's price action, I'm just showing my frustration. It doesn't change how I view Bitcoin's long term potential. |
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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.
That is not quite how the internet developed... But why let facts get in the way of the loveable, Hollywood myth. What a bunch of arrogant young fks. I was there in the beginning, I have lived through its entire evolution. Jesus... |
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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.
I'm not one of those crazy people that believe that bitcoin will supplant global currencies, at least any time soon. But I do believe that it can and will exist side-by-side with them. And bitcoin has more potential to be used globally than any form of regional alt currency that currently exists. Just look at the success of the Brixton Pound, and other forms of alternate currencies. Open you eyes man: http://brixtonpound.org/about-b/b-history/http://en.wikipedia.org/wiki/Alternative_currency |
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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. You must be a young lass. Yes, the whole point of bitcoin is to grow to a global currency of some level. And yes, we need the masses to get onboard in order for that to actually happen. And yes, bitcoin will be much more useful as a daily currency with 100,000 nodes and at $10k/btc than it is today. And I'm constantly amazed by why you Blitz are a moderator of a pro-bitcoin forum. |
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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. |
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Here's another pro tip: be wary of something "trending", as it was probably artificially created in the first place.
Case in point:
1. ChangeTip started "trending" around November 1st, right around the time a small uptrend was "happening" in bitcoin. Hmmm..
2. ChangeTip goes "viral" within 24 hours. Bitcoin starts a steeper uptrend. Hmmm...
3. Bitcoin goes parabolic (albeit briefly) on November 11th. (The pump) Hmmm...
4. Where we are now (the dump). Yep.
See a pattern? You really think that ChangeTip went viral in the first place without a little "help"? It was all cleverly engineered by the whales, a plan in the making. These are the same nutjobs that spread fake news/FUD as well.
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2014 = super shit because Joe Public is scared shitless of bitcoin
2015 = slow steady rise out of the swamp because Joe Public starts to change their negative opinion of bitcoin
2016 = new highs again, but not done frantically, just gently because Joe Public actually starts to give a shit about bitcoin for the first time in history
end of 2016 = block reward halves, sparks new 5k-10k territory because Joe Public decides bitcoin is awesome and will buy it at any price. But god only knows how and why this paradigm shift will happen.
Is one possible outcome.....
Added a couple of details for ya... |
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Dude, its bitcoin. There are whales and manipulators doing crazy shit all the time. The price will continue to fluctuate up down and down and down and down and down.
FTFY |
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Ugh, Ripple in this thread again....  |
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