Real reason is the herd mentality. People consider other people stupid, and that's why they believe the selloff by stupid people will continue, and so they just follow the trend to buy back later, by doing so enforcing their own belief that people are stupid - an endless feedback loop.
... Nonono. Got that backwards. Bitcoiners, like any pyramid scheme believers, thought more and more new money would keep flowing into their scheme, floating BTC price & making it possible for them to just sit and grin as the money rolls right in. This belief [predictably] turned out to be mistaken, Bitcoin could not support 12% yearly inflation, BTC price [also quite predictably] tanked. So now you know. |
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Stay down, Bitcoiners. And remember:  |
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^How's it going thus far?  |
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Trolls are people who refuse to make choices in their own pathetic lives and thus feel the need to judge the choices of others. Ignore them and they don't exist.
How is it you still continue to post after being so consistently wrong about everything to do with Bitcoin all of the time?  |
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^
Already mentioned the difficulty of getting it accepted. The obvious resultant blockchain bloat. The security repercussions of introducing new code. And, of course, the loss of confidence--hardfork is the hallmark of a poorly designed coin.
But you're just trolling, no?
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Who initiated you into Bitcoin?
Paul Krugman, his article about Bitcoin is Evil. I thought, surely if Paul Krugman thinks something is evil...I need to get involved with that. Aha, issues with authority figures (daddy issues) => do opposite of what they say. Great lifeplan, best of luck, carry on  The only authority Paul Krugman has is about how an alien invasion is needed to save our economy. When I first heard about Bitcoin I figured it was some made up money by scammers and only gold would be a valueable currency. Then they posted Paul Krugman's article about Bitcoin is Evil on the Ron Paul forums and I figured...there might be something to this Bitcoin thing. Many others agreed. Oh, k. Hard to keep track of the assorted economic prophets & visionaries. So TL;DR: Gold tanked, BTC tanked. Dollar laughing @ U all the way to the bank. |
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Who initiated you into Bitcoin?
Paul Krugman, his article about Bitcoin is Evil. I thought, surely if Paul Krugman thinks something is evil...I need to get involved with that. Aha, issues with authority figures (daddy issues) => do opposite of what they say. Great lifeplan, best of luck, carry on |
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The peak is at 110k transactions per day. That's 1/8th of the capacity.
The very real threat of a hard fork and altcoins being so much more advanced and better is more likely dragging the price down.
*crumble* *crumble*
Meanwhile, these "advanced" alts are crumbling even harder. The thing about alts is they can afford to experiment and innovate, to come up with trains, cars, planes, rockets (most, granted, laughable), while Bitcoin continues refining its oxcart. |
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Serious question to the permabulls: Who initiated you into Bitcoin?  |
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Hey guys we have to be negative and bash bitcoin constantly on here. It is a doomer troll bear market, remember?
If you didn't waste all your energy on maintaining your delusions so's you could stay in denial, you wouldn't be so angsty now  |
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Considering Mircea Popescu as a major player. rofl
Lol, how much coin do you hold, Rockefeller? This is a proof of work coin. Who cares how many he holds? By major player, I mean someone with vested interest in the success of Bitcoin. Pragmatic miners would aim their hashpower at any SHA256 coin that pays. <==another tragic flaw of POW  |
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Considering Mircea Popescu as a major player. rofl
Lol, how much coin do you hold, Rockefeller? |
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^
I get it, the problem is this hardfork creates a slew of its own problems, not the least of which is getting people to accept said hardfork. Kindly follow the link above I was kind enough to provide for your edification.
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Transactions don't all have to be on the blockchain...
Sure. Sorta defeats the purpose of having Bitcoin the blockchain tho. |
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Transaction times eh? You see a lot of complaints by the users do you?
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Because there are almost no users. According to Bitcoin wiki, Visa alone "handles on average around 2,000 transactions per second (tps)" ( https://en.bitcoin.it/wiki/Scalability) Average doesn't mean maximum. Visa is capable of handling 30,000 tps. Thirty thousand transactions per second. Bitcoin can only handle seven transactions per second. Not seven thousand, just seven (7). Good luck, new world currency Comparing a nascent payment network with the largest payment gateway provider in the world is a great comparison! 7 transaction per second is hardcoded into Bitcoin. Adding more hashpower/infrastructure/whateveryoucallit won't change that. Nothing short of a hardfork (basically making a new coin) would. P.S. Never use the word "nascent" unless to mock it--it's even gayer than "disruptive technology." Bitcoin already had several hardforks. The next one to increase the blocksize limit will be no different. A hard fork can be & do anything, it's basically making a new coin. Many major players don't want this hardfork. Which part of my post do you disagree with? |
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yes china want to confirm moon
Those crafty pandas toying with bulltards' emotions again. Unsporting, pandas, unsporting... |
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Transaction times eh? You see a lot of complaints by the users do you?
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Because there are almost no users. According to Bitcoin wiki, Visa alone "handles on average around 2,000 transactions per second (tps)" ( https://en.bitcoin.it/wiki/Scalability) Average doesn't mean maximum. Visa is capable of handling 30,000 tps. Thirty thousand transactions per second. Bitcoin can only handle seven transactions per second. Not seven thousand, just seven (7). Good luck, new world currency Comparing a nascent payment network with the largest payment gateway provider in the world is a great comparison! 7 transaction per second is hardcoded into Bitcoin. Adding more hashpower/infrastructure/whateveryoucallit won't change that. Nothing short of a hardfork (basically making a new coin) would. P.S. Never use the word "nascent" unless to mock it--it's even gayer than "disruptive technology." |
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The last to go will see the first three go before her. And her little dog too.
Whoever's last, tho--remember to shut off the lights.
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I have noticed a lot of people that do not actually use Bitcoin, complaining about its "shortcomings".
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I have noticed a lot of people that do not actually huff glue try to warn you about its "shortcomings." Listen to the nice people, Elwar, and don't forget to thank them. |
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Transaction times eh? You see a lot of complaints by the users do you?
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Because there are almost no users. According to Bitcoin wiki, Visa alone "handles on average around 2,000 transactions per second (tps)" ( https://en.bitcoin.it/wiki/Scalability) Average doesn't mean maximum. Visa is capable of handling 30,000 tps. Thirty thousand transactions per second. Bitcoin can only handle seven transactions per second. Not seven thousand, just seven (7). Good luck, new world currency |
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