Bitcoin - Shitcoin

[NUFCrichard]

my predictions have been right on the ball

I did't really see a prediction, I saw a complaint about inflation.  The inflation "issue" is still there, but it can't be the reason why the price has falled 70%+ from the ATH!
Inflation isn't even nearly high enough to cause that!

edit: spelling

[Corelianer]

Who cares 70% down from ath, buy steady make a good average buy-price.

I bought since I hear the first time of Bitcoin and was meanwhile +1000% , now like -50%, the pendulum will swing back.

The market is more efficient now, so that costs something

[Richard Branson]

Who cares 70% down from ath, buy steady make a good average buy-price.

Do not forget to sell part of your coins at the next spike.
Without profit lockin you are just a big bagholder.

[tutkarz]

I think op should be warning us more about government actions that are trying hard to limit our privacy more. Because bitcoin is growing fine as far as I know.

But I wanted to say something about inflation. People are complaining about premined coins calling them scam but bitcoin inflation allows price to stay fairly low so many people are able to join basically at low cost. And you are saying that it is also bad? I don't understand what would be fair distribution for some people here. Maybe if they will be handed 100% of such coins or at last 50% maybe then they will shut up finally.

[smalltimer]

my predictions have been right on the ball

I did't really see a prediction, I saw a complaint about inflation.  The inflation "issue" is still there, but it can't be the reason why the price has falled 70%+ from the ATH!
Inflation isn't even nearly high enough to cause that!

edit: spelling

Yes, it can be the reason because sellers get the advantage over buyers. Sit down, crunch the numbers. Think hard about it. Pumping an inflationary coin is moronic behaviour. Rain of new coins is a constant force in the market which can be counted on. So it goes down once the hype fades (last year this time) and will continue to go down from here.  

See, i don't buy any of the bullshit i am told by others. I rely on my own conclusions based on own calculations only and this market is highly predictable.

Most of you people don't calculate jack shit. All i see is parroting - that's what everyone is good at. Not even 1% of you people use their own brain.

[smalltimer]

I think op should be warning us more about government actions that are trying hard to limit our privacy more. Because bitcoin is growing fine as far as I know.

But I wanted to say something about inflation. People are complaining about premined coins calling them scam but bitcoin inflation allows price to stay fairly low so many people are able to join basically at low cost. And you are saying that it is also bad? I don't understand what would be fair distribution for some people here. Maybe if they will be handed 100% of such coins or at last 50% maybe then they will shut up finally.

No, it's not 'bad' (what ever that means). It is just a sign of being retarded to buy an inflationary coin and expect returns on it (10k$ to the moon bulltard shit). Bitcoin is a volatile piece of shit and should not be bought at all with this inflation. With bitcoin you need to wait another decade or so before you can actually buy it - by then it'll be dead.

Initial distribution of a coin shouldn't be too fast and not too slow - a fair distribution is when everyone has a chance to get in (1 year or 2 years) - after that the train needs to leave the station and who isn't on board needs to buy higher. So pow-distribution is fine but not for 2decades because the shitcoin isn't going anywhere during the distribution because it isn't scarce thus worthless.

No matter how high or low your cap is the inflation will always push you down - the production needs to be bought up - constantly.

[Corelianer]

I think op should be warning us more about government actions that are trying hard to limit our privacy more. Because bitcoin is growing fine as far as I know.

But I wanted to say something about inflation. People are complaining about premined coins calling them scam but bitcoin inflation allows price to stay fairly low so many people are able to join basically at low cost. And you are saying that it is also bad? I don't understand what would be fair distribution for some people here. Maybe if they will be handed 100% of such coins or at last 50% maybe then they will shut up finally.

No, it's not 'bad' (what ever that means). It is just a sign of being retarded to buy an inflationary coin and expect returns on it (10k$ to the moon bulltard shit). Bitcoin is a volatile piece of shit and should not be bought at all with this inflation. With bitcoin you need to wait another decade or so before you can actually buy it - by then it'll be dead.

Initial distribution of a coin shouldn't be too fast and not too slow - a fair distribution is when everyone has a chance to get in (1 year or 2 years) - after that the train needs to leave the station and who isn't on board needs to buy higher. So pow-distribution is fine but not for 2decades because the shitcoin isn't going anywhere during the distribution because it isn't scarce thus worthless.

No matter how high or low your cap is the inflation will always push you down - the production needs to be bought up - constantly.

Yes "the production needs to be bought up" constantly, the question is just for what price.

To me it looks like you got caught on the wrong foot and are now blaming the rules. But the rules never changed. They are fine how they are.

[jjacob]

Who cares 70% down from ath, buy steady make a good average buy-price.

Do not forget to sell part of your coins at the next spike.
Without profit lockin you are just a big bagholder.

For somebody just entering Bitcoin, these might be awesomely attractive levels.