“Bitcoin is the laughing stock of our firm”

[TangentC]

Do you have more to add before I report your post?

Nope, 12 year olds are supposed to cry to their mommy when they can't handle a situation.

Feel Free.  

[tinopener]

I would have that thought that any genuine FX trader would be all over Bitcoin, purely for the volatility.

It might even save money on leverage fees.

[Trupik]

Tulip mania, look it up

Really, do look it up. When you do, you will realize that the "investor" comparing it to Bitcoin either knows nothing about Tulip mania, nothing about Bitcoin, or both.

[Wind_FURY]

Tulip mania, look it up

Really, do look it up. When you do, you will realize that the "investor" comparing it to Bitcoin either knows nothing about Tulip mania, nothing about Bitcoin, or both.

How many more years must the Bitcoin protocol run before the nocoiners accept it? How many more years must Bitcoin continue to accrue value before it’s not “Tulip Mania 2.0”? 20 more years? 30 years? If Bitcoin “died”, do the nocoiners actually believe that the idea of Bitcoin and its ethos will simply go away?

[Kong Hey Pakboy]

This would simply made my day if I was there during that time but for me it is a waste of time to try to even argue with them as they could either be a troll or just a person who isn't open-minded at all. Spending your time arguing with them is something that you must not really focus on as Bitcoin time and time again would just make them eat their own words just like how JP Morgan and other companies have changed their views towards the crypto industry and Bitcoin in particular. At least now people who have believe Bitcoin during the early days are sitting safely on a profit while these guys from 8 years ago might now be trying to buy Bitcoin at 60,000$ a piece.

Its not that their aren't open minded, they just don't know how to make sense out of bitcoin because conventional market is ingrained in their core that it challenges their beliefs and we all know that when people have their beliefs challenged, they tend to disagree with the facts and they disregard the potential of something.

[BrewMaster]

How many more years must the Bitcoin protocol run before the nocoiners accept it? How many more years must Bitcoin continue to accrue value before it’s not “Tulip Mania 2.0”? 20 more years? 30 years? If Bitcoin “died”, do the nocoiners actually believe that the idea of Bitcoin and its ethos will simply go away?

i don't think this has anything to do with bitcoin or how long or strong it is going to run for because it wouldn't make any difference for those who spread this type of FUD in the end.

lets look at the reasons why they spread FUD.
they are either traders who want to swing the market in the direction they wish to, for example when they have some short positions open and wish to see them filled so that they can make profit so they spread FUD as much as they can to make people panic sell. they will never stop.
the others are big centralized corrupted actors who feel threatened by bitcoin's existence and will continue pushing the FUD as long as their corrupt business is afloat. as soon as they go under their FUD stops too.

[acroman08]

not surprising, but aren't there always people like that when a new idea, technology or other stuff that are out of the ordinary? I wonder what the person behind the post thinks of bitcoin now.

also, I doubt the price of bitcoin would change the mind of these kinds of people.

[kryptqnick]

There are people currently like this today, as there was 8 years ago. Nocoiners. How long must the network run before they can admit that Bitcoin, and the idea of Bitcoin, has opened a Pandora’s Box, never to close again.



How high must Bitcoin’s price go before they accept it as a self-sovereign Store of Value, HODLed as a hedge in case the Fed/Central Bank, and the government loses control of the financial system?

To be honest, I don't even want them to accept Bitcoin. These are greedy profit-focused people and entities that were skeptical about Bitcoin for years no matter how high it rose. They were blind to it before, and they'll happily dump Bitcoin when they see fit if they start investing in it. They're unreliable and will not become a part of the community, and they won't care about anything that Bitcoin offers apart from its price dynamics. And when they start taking it seriously as their source of profit, they'll probably push for regulations that favor their companies but put independent Bitcoin investors and traders at some disadvantage. To hell with these guys.

[Wind_FURY]

How many more years must the Bitcoin protocol run before the nocoiners accept it? How many more years must Bitcoin continue to accrue value before it’s not “Tulip Mania 2.0”? 20 more years? 30 years? If Bitcoin “died”, do the nocoiners actually believe that the idea of Bitcoin and its ethos will simply go away?

i don't think this has anything to do with bitcoin or how long or strong it is going to run for because it wouldn't make any difference for those who spread this type of FUD in the end.

Debatable. After FUD, comes acceptance. Give it 50 years, and Bitcoin wouldn’t be “something new” and something misunderstood anymore, and many of the FUDsters have probably have died, have retired, or have given up. The financial system might also have evolved to onboard it within the system.