QUIT WHAT?

Day-Trading Bitcoin?

Sell-Out and walk away?

Suicide?

You really didn't even define what you mean by 'quit'

I suspect by context you mean, pull-out because of the price drop. I think the HODL morons will stick around well after Bitcoin drops below $400 ( last real solid floor ), the fact is most of these kids have never known anything else, and the lower Bitcoin goes the more likely they can afford to buy it, ...

I never personally saw a 'quit' in Bitcoin, it began in 2009, with engineers mining  on their PC's and then went insane with speculators post 2013, I always saw Bitcoin price collapsing, but even at $1 support level there will by hobbyists who keep mining, because it started as a hobby, and it will end as a hobby.


You speculators, tried to make 'invisible shit' tangible and invaluable, and what you ended up is screwing yourselves, thus you all get what your deserve.

For those of us that came in for the technology, and stick around for the technology, we don't give a rat's ass what the price is,


The real question is the exchanges and infrastructure and criminals and pump&dump whores that have built business models around bitcoin, that's a good question, when do they quit? As now they're bleeding, and truly losing money.

The average 'little guy' owns 0.05BTC, I don't think that guy needs to quit, hell he can HODL all the way to $1, now if he were smart he would have sold that 0.05BTC(@21k USD), and pocketed the cash and quit long ago, but all the morons didn't come to BITCOIN as investors ( classical ) at $1,000, they came as get-rich-quick speculators, and that always ends in disaster.

Joe, why do you even buy into the language of these 'cultists', Bitcoin was never an 'investment', it was always speculative gambling, a 50/50 roll of the dice, which by definition is a fools game.

Even Satoshi's own white paper uses the rule of 51% F=2*P-1, where P is probability of a win, when it's 0.5 you bet zero, any other bet is a moron bet. Satoshi, uses the same 'law of large numbers', to prove that if 51% of a group are 'good' then the 'virtual currency' can be trusted, and that's fine and dandy, but long ago BITMAIN became 99% principal producer of mining hw, and thus 51% is just another urban-myth that is kept alive in the minds of the flock.

Investing is getting sure thing ROI on your money.

Back in the day MINING bitcoin was ok, but that game is long over, in fact the entire crypto space now no longer makes money mining, so now the only game for the exchanges and other leaders of this cult to fleece the flock is to get them to BUY VIRTUAL-CURRENCY, which can only be spent in Heaven, as they MUST wait to spend their VC and HODL.

It's like the game 'farmville', if your not a player, then the currency traded on farm-ville is worthless as a virtual currency, outside the virtual world.

For bitcoin, it only has value for people who play bitcoin, and trade on exchanges.

99% of the people on earth will never play 'bitcoin'

Even people who play bitcoin, have a very difficult time 'monetizing' btc, and turning it into REAL CASH, say USD, the exchanges do everything they can to drag their ass, and limit withdrawls.

I think we only have the exchanges to blame, you really can't blame 'bitcoin' the source-code for what the assholes running the exchanges did to bitcoin.

I certainly don't blame the morons who bought bitcoin, I pity them.

Yes, the shit-coins, but they were largely launched by the exchanges so they could pull ICO's and coin out of their ass and sell to the public for 'real bitcoin'.

Apples & Oranges,

US Dollar is Back by MURDER

Bitcoin is backed by Unicorns, Fairy's religious fervor.

There is a reason USA destroyed Libya, Iraq, Syria, ... IRAN, North Korea, ... all country's don't want to trade in US Dollars, you go off the dollar, and the US sends in the marines, and everybody dies.

What is BTC backed by ? Bullshit

Reality slaps the face at $1k, $400 is capitulation.

The way this is shaping out is the HODL morons will be begging for a GOV bailout

Well your 2014 graph clearly shows a 75% loss after a parabolic-rise, and that by definition is  a toilet run in loss.

Your second graph 2017 parabolic ponzi rise, just shows the bitcoin going to $21k, but fails to show it falling to $3k, which is another 90% loss, that wiped most people out.

All parabolic rises end this way,

Now the problem now is where do you folks get the new $600 billion USD to get btc back up to or above $21k??

You don't, you can't,

When people lose 75%, or 90% of their money, and they bought shit on margin, they're wiped out for life.

Most of the morons bought in the recent sucker rally on credit-cards, and they're in debt for life. They're screwed, and people like you don't even care.
Lastly, please don't post charts, we have all seen these stupid charts they don't help the discussion.

MIXERS are a joke,

MONERO has been compromised,

All the shit-coins have been compromised,

Largely the entire crypto-space is now just a bunch of lies, not unlike what's to be found on MSM

If the BITCOIN community ( the biggest most powerful ) doesn't have the balls to make bitcoin safe, secure, and private, then CRYPTO is dead,

Of course that's called the 'old switcheroo'

First bitcoin told everybody it was private, anonymous, and safe, 2009->2014



But now that's its worth real money, people are willing to give up all things they were promised, ...

It will not be long that you give up the value, as well this is the way of the GOV, once your give up your freedom and privacy, then they can take anything they wish,

Where did I mention 'ranking' in the OP, it came from YOU.

Its commonly known that all alt's are shit-coins, and btc is the mother of them all, so what that make the mother?

What your saying is that if I don't support the criminal use of bitcoin, then I shouldn't be on this forum right?

What is it with you people, why beat around the bush, what your goals? You make it sound like this community is a bunch wusses living under their mother's skirts.

Little People are the majority on this earth, just like the wizard of oz, all you had to do was click your heels, the bankers fear the majority, that's why they created LEO to beat you down, and wear you out.

Seems like the 'banks' have already taken the CORE leaders out to the wood-shed, and whacked their back-sides, and now this entire community lives in fear.

Mining was rational when profitable and you could sell to a sucker, as you mined, HODL was always a MORON position.

Buying BTC with real cash, was NEVER rational.

Getting BTC for free 2009-2014 by mining was rational, buy bitcoin is when the exchanges showed up and pimps, and the bullshitters and pump&dump team that run btc today.

Now that mining is no longer profitable, the easy game is over, now only morons will buy bitcoin, which means its going to zero, because the smart guys will sell-out, and find a new ponzi.

It's the theory of large numbers, back in 2015 when capitalization was in the millions, anything was possible, including 2x-4x roller coaster rides,

In 2017 when BITCOIN came near $1 Trillion USD capitalization you entered astronomic happenstance, there is no way for this bitch to go back up there, its down for the count.

All parabolic rises end this way, in the TOILET

Wow does the OP realize that not one in a 1,000 on this board can understand what he just said?

BITCOIN is proof that the education system has collapsed, and that the majority coming out are morons.

We all know that the majority of our HODL-ers are 'millennial' and such, just getting by, but trying to get rich quick, and bitcoin came along and promised them the moon.

But you can't explain this concept of intrinsic value to a moron? How its impossible.

Just like when you ask the morons, "Where is the missing $600 Billion USD going to come from to bring BITCOIN back to prior values", they will not answer the question, because they're incapable of such thought.

...

OP is correct, you can be QUANT, or a math or physics guy and bitcoin makes no sense, there is no way to even calculate volatility, or any common mean-reversion algo, largely now because of the parabolic-rise and its collapse.

BITCOIN is what it is, "Virtual Money", really no different than money used in "Farmland", or any VR program online, the fact that it can be traded in the physical world is very thin,

But while the MORONS feel confident that bitcoin will return to the 'moon' the quants scratch their ass and say "How do we model this bitch?" and you can't guess you can't model virtual-currency, using physical asset modelling, so maybe we need to find a new way to model virtual assets, but the models would still worthless in the real world.

No I don't think you even read the OP, I think 'profit' is what has destroyed bitcoin, I want it to go back to original claims of being de-centralized, private, secure, safe, and benevolent.

Today its just a day traders ponzi-scam to ripoff morons

...

Have you even seen the famous movie 'They Live'??

In the movie the aliens select humans to screw the majority over, but the select few get rich, this is the current situation with bitcoin, just like that movie. In this case the aliens are the pumpers&dumpers than tuned bitcoin into a ponzi.

With regards to the other 2100 shit-coins, I don't care about them, but I will say this the MOTHER BTC did give birth to all the shit, and the fAther Satoshi is NSA, so all this stuff was planned by BIS some +20 years ago.

Wow more retardation, who started this 'ranking' thread?? I'm talking about the simple choice,

Is bitcoin about privacy, or getting rich?

..

So this is essentially the status-quo CORE concept, that hush-hush we all know that BITCOIN ain't private, but in exchange for getting rich, we share all our private info with amazon-services so they can track us 24/7 and control the entire planet, all they ask for is your total information, an in exchange they let you be part of the biggest ponzi on earth?

Is this what your saying?

This is a serious survey.

What do you want privacy or 'get rich quick'?


Monero ain't private, its keys are weakened by NSA, many experts have written papers on this fact, Monero is considered to be a honey-pot by crypto community.

I never mentioned 'ranking' I don't care about ranking.

BITCOIN is KING of the SHIT-COINS, its #1 I concur.

I would like to see bITCOIN bit a real privacy coin, what do you want? Status quo? More lies?

Or do you admit that BITCOIN was never private, that it was always planned to be an open-book where everybody on earth all there private purchases were public information ( an amazon heaven ) for deep-learning data-suckers

You just add new services to provide addresses, but instead of the default sha-256 base-58 addresses, you use sha-512, and call them P-addresses, they'll be twice as long, so people could recognize them right away,

Could be placed in the private-msg-data-area ( the additional info ) of block-chain each transaction and have a new payment type magic-cookie indicating target address is a P-address.

Then people generate P-addresses just like normal from the client, and give P-addresses to the person they want to get funds.

It would be better to use sig-signed encryption methods on the P-addresses so only sender-receiver could decode and verify the P-Address is only available to a particular recipient,

Or have a handshake where two partys both accept to share a P-address, and both have a signed-sig to verify that only they can share

Or go back to the old public-key model, and use that code to support the new P-address, but again using SHA-512

...

or just use the z-snark code from z-cash family and slide that code into bitcoin, but again call it P-address for private as not to confuse people with bitcoin, versus zcash

I suspect that people could easily release another shitcoin called pBitcoin, but do we really need another shit-coin?

If you want BTC to survive, we must move to a real private address using sha-512, and we must move to ECDSA using a 512 bit encryption algo that isn't compromised by NSA, both SHA-256 and secp256k1 are NSA, so the current system is just plain stupid.

Probably the Sha-3 so called kecak model that used in ETH would be good, move but to the 512 bit, not the 256 which is now compromised.

Most of this stuff is just adding new cmd-lines routines to the client shell, 99% of btc users don't need to use this stuff, just people who want to do real anonymous btc transfer of funds
Adding new transfer routines to setup and deploy a P-Addr tx, thus stuff wouldn't even effect exchanges as they wouldn't even need use any of the RPC's


Core wants to keep btc weak, also the code is just a 'hack' now after 10 years of hacking crap, and add crap by various party's people are just plain 'afraid', but most of all they know that GOV will not allow a coin that NSA can't hack.

BTC has two majors problems

1.) It's easy to hack, solution move on to 512 algos that aint NSA
2.) there is no mechanism for privacy, solution create the P-address

CONSENSUS by a wide Margin,

To be Rich is divine, ... to be anonymous is to be evil.

This is too funny, as the original 2009 Satoshi BITCOIN promised anonymity, and now the liars don't even bother to lie anymore they just tell you don't need to be anonymous unless your a criminal.

This is funny because most exchanges and ingress&egress offramps-onramps to bitcoin are ran by criminals ( think mt-gox, or coinbase )

Well how about it?? Anybody here going?

I have not heard anything here about anyone actually going to this conference.

Like I said earlier, most of these conferences are quite boring and dumb, being ran by the same people and the same speakers all over ASIA.