I guess he's invested in the network thing but not the currency itself I admire the fact that Mr. Ver, the Bitcoin Jesus, is an ex-con. Because you know who else they said was a criminal? The Christ Jesus!! |
|
|
|
Bitcoin has attracted a lulzy menagerie of self-important attention whores Sure has  Yup. And major scumbags, and petty criminals. With vice-chairman of Bitcoin Foundation doing time for money laundering, and an ex-con for Bitcoin Jesus, you expected favorable press coverage? Top kek |
|
|
|
...
[1] - the overbought condition in December 2013 given the state of the infrastructure development at the time. This was driven largely by the month long panic buy in China
[2] - the massive amount of VC capital and infrastructure development that's gone on in 2014 which is all "uphill work" that won't start to bear fruit till later this year. While that's all going on, most of the trading in Bitcoin is speculative - both the rises AND the falls. They don't remotely represent an actual reduction in adoption, technology development, service evolution, security consolidation or any other real world aspects on which a classic commercial valuation would be based
[3] - that this year's drop in valuation represents the cost of a "rights of passage" phase. Bitcoin has been chewed up by the media, kicked in the groins by MtGox, goaded by rumour such as the 'malliability episode', taken a hammering in the markets and yet come out of all of this without a scratch technically. The fact that it's still "alive" at all and still floating well above most of 2013's all time high is not going to go unnoticed in years to come. This year's experience gives Bitcoin massive stock value in terms of trust because no other coin has gone through this experiment and taken the hammering that Bitcoin has. They only way that could happen is if Bitcoin went to zero and we started all over again with a new 'leader'. Whatever the markets say, that still looks extremely unlikely to happen right now
... [1] Don't remember hearing anything about "overbought condition" at the time the bubble was forming. I was told Bitcoin's hyperexponential price rise was a mathematical certainty. Irrefutably confirmed by science in universities. But you're telling me I was duped?  [2] So "most of the trading in Bitcoin is speculative"? Now you tell me. I was told something about great fundamentals, didn't understand any of it but it sounded very sophisticated and technical. More bullshit, huh? [3] Bitcoin's "rights of passage" phase? Isn't that when a boy's buddies buy him a shit hooker and an eightball of shittier blow? The reason for shit press last year is because Bitcoin has attracted a lulzy menagerie of self-important attention whores, major scumbags, and petty criminals. Re. "superficial dismissal of what is a very important analytical perspective": Hahahahaha  |
|
|
|
...
Which is why it's a good thing to have FDIC insured, regulated banks, no?
To have what insured? How's that related to "Nothing is 100% safe and will never be" (including insured deposits)? So grammy's just fine keeping her life's savings in an online wallet or on her netbook? Safe as money in the bank you say? If I'm being too oblique: Sure, nothing is 100% safe--neither keeping money in a bank nor giving it to strungout Freddy who lives behind the dumpster. I'd feel better if grammy chose the bank tho. |
|
|
|
goes to 0 ...  seriously ... after 3 years of prosperity ? (need to view : "The Rise and Rise of Bitcoin") Nah. After 3 years of obscurity, one year of scam & one year of bubble. (need to view: Reality) |
|
|
|
...If the economy enters into trouble, prices will rise, encouraging more savings, investments, and production...
Rising prices encourage you to save? If you can buy a car for a dollar today, and that car will cost you $1,000,000 dollars tomorrow (rising prices), you're going to put that dollar in a piggy bank? I believe the phrase that best describes your economic outlook is "batshit insane." |
|
|
|
People arent sure if the price is cheap or expensive at this point, so undecisive.........
People are waiting the outcome from tomorrow's trial What trial? Dunno, prob'ly DPR or some other Bitcoin criminal. |
|
|
|
Where did all the volume go?  Where did it all go wrong?  |
|
|
|
 Too predictable, gentlemen. Much like NASCAR & this market. |
|
|
|
...
and is willing to pay a higher price than the previous sell...
Bob has wised up & isn't willing to pay more than the previous sell price. He's not even willing to pay as much as the last sell price => BTC price tanking. Money is exiting the Bitcoin network |
|
|
|
...
a low bitcoin price is the *BEST* time for mining. low bitcoin price = lower income taxes on mined coins
... When BTC price finally hits zero => no taxes at all => everyone buys mining gear => hashrate explodes You guys are logicians IRL, amirite? like i said.. it seems we should have gained confidence after we almost got stamped and bitcoin barely moved down any. you had the perfect storm opportunity to crash bitcoin on down and yet here we are still uncrashed to 0... barely moved. i do not believe your scenario will happen before halving based upon this alone. A few things: Stamp panic should have spiked coin prices as soon as stamp reopened. BTC withdrawals were possible @ the time, fiat not so much. I am not trying to "crash bitcoin on down," I enjoy observing the antics of Bitcoiners.  P.S: Do something. Don't make me shake the box. |
|
|
|
...
a low bitcoin price is the *BEST* time for mining. low bitcoin price = lower income taxes on mined coins
... When BTC price finally hits zero => no taxes at all => everyone buys mining gear => hashrate explodes You guys are logicians IRL, amirite? |
|
|
|
...
Bitcoin does not need average joe for the next run, it just needs average 401k investor this time.
 |
|
|
|
...
it seems like we must be at or very near bottom due to bitcoin barely dropping any when stamp almost stamped everyone.
I was promised rockets soon as fiat hit exchanges on Monday. Oh well |
|
|
|
You don't understand. The whole thing was just an clumsy attempt to attract my attention, like an awkward teen lobbing spitballs at the girl he's crushing on. I tactfully tried to ignore his unseemly advances, hoping that rassling with inca for my affections would tire him out, but now it's starting to get a bit out of hand...  |
|
|
|
... stocks and bonds  really while the federal government gives illegal immigrants id cards so they can open up bank accounts... Mudpeople's money mixing with MY fiat?!  |
|
|
|
I love a free market.
And I don't pay attention to naysayers. Let me fail on my own, thank you.
You're welcome. Great job not paying attention & failing on your own, BTW  |
|
|
|
... BTC profits ...
 |
|
|
|
... trolls are mentally deficient weirdos... take a look in the mirror buddy.
Getting angry at your betters, those who bigheartedly gave of their time in hopes of rescuing you from this dangerous cult. Typical Bitcoiner. |
|
|
|
|
Show Posts
