Permabull Party Thread

[coinableS]

The massive amount of anti-bitcoin trolls on this forum, reddit and twitter is a blatant sign to me that we are on the right path. Since we're encountering so much opposition we must be doing something right! Bitcoin will rule the internet of monies in a few years then we can all sit back and laugh at the old days doubt and speculation.

No, it only shows that the "trolls" are trying to tell new people that come to read this forum the truth, possibly avoiding them with financial ruin and a future of obsessed gambling addicts.

For the permabulls there is no hope, the "trolling" is not for them, those will just baghold for the end of eternity.

Aww so you're just trying to help people?

[NotHatinJustTrollin]

The massive amount of anti-bitcoin trolls on this forum, reddit and twitter is a blatant sign to me that we are on the right path. Since we're encountering so much opposition we must be doing something right! Bitcoin will rule the internet of monies in a few years then we can all sit back and laugh at the old days doubt and speculation.

No, it only shows that the "trolls" are trying to tell new people that come to read this forum the truth, possibly avoiding them with financial ruin and a future of obsessed gambling addicts.

For the permabulls there is no hope, the "trolling" is not for them, those will just baghold for the end of eternity.

How do you know the truth?

If you mean the future then your last few predictions proved totally wrong. Will you make another call for new lows then disappear whilst the price rises 30% again?

What predictions?

It's been a while since I made specific predictions. Last time I was talking about price specifically it was around $300.

If I said that new lows are coming I didn't necessarily say "right away" or without bulltraps first.

[NotHatinJustTrollin]

The massive amount of anti-bitcoin trolls on this forum, reddit and twitter is a blatant sign to me that we are on the right path. Since we're encountering so much opposition we must be doing something right! Bitcoin will rule the internet of monies in a few years then we can all sit back and laugh at the old days doubt and speculation.

No, it only shows that the "trolls" are trying to tell new people that come to read this forum the truth, possibly avoiding them with financial ruin and a future of obsessed gambling addicts.

For the permabulls there is no hope, the "trolling" is not for them, those will just baghold for the end of eternity.

Aww so you're just trying to help people?

Cool gif.

But yes, I'm trying to show bitcoin's huge limitations to help new people make a more rational decision before dumping real money into this.

What's the alternative? "FUDding to get cheap coins?"

[Dump3er]

The massive amount of anti-bitcoin trolls on this forum, reddit and twitter is a blatant sign to me that we are on the right path. Since we're encountering so much opposition we must be doing something right! Bitcoin will rule the internet of monies in a few years then we can all sit back and laugh at the old days doubt and speculation.

No, it only shows that the "trolls" are trying to tell new people that come to read this forum the truth, possibly avoiding them with financial ruin and a future of obsessed gambling addicts.

For the permabulls there is no hope, the "trolling" is not for them, those will just baghold for the end of eternity.

How do you know the truth?

If you mean the future then your last few predictions proved totally wrong. Will you make another call for new lows then disappear whilst the price rises 30% again?

Lawl, inca blaming others for failed calls.

At least you tried, inca. 

[coinableS]

The massive amount of anti-bitcoin trolls on this forum, reddit and twitter is a blatant sign to me that we are on the right path. Since we're encountering so much opposition we must be doing something right! Bitcoin will rule the internet of monies in a few years then we can all sit back and laugh at the old days doubt and speculation.

No, it only shows that the "trolls" are trying to tell new people that come to read this forum the truth, possibly avoiding them with financial ruin and a future of obsessed gambling addicts.

For the permabulls there is no hope, the "trolling" is not for them, those will just baghold for the end of eternity.

Aww so you're just trying to help people?

Cool gif.

But yes, I'm trying to show bitcoin's huge limitations to help new people make a more rational decision before dumping real money into this.

What's the alternative? "FUDding to get cheap coins?"

Limitations? Have you ever developed your own shopping cart to sell something online and sign on up with a 3rd party processor who not only takes a % of every sale but also charges you $x per month, and sign up for SSL? With bitcoin you can set up your own webstore in a few hours, no 3rd party payment processors fees, no SSL, more money for the merchant, better prices for the people. But you're not for the people, are you?

[Ask Ken About Love]

...
Limitations? Have you ever developed your own shopping cart to sell something online and sign on up with a 3rd party processor who not only takes a % of every sale but also charges you $x per month, and sign up for SSL? With bitcoin you can set up your own webstore in a few hours, no 3rd party payment processors fees, no SSL, more money for the merchant, better prices for the people. But you're not for the people, are you?

 You can set up a "web store" to take Doge just as easily.  While you're at it, don't bother with SSL or even buying a domain name.
Set it up on TOR, as a hidden service, you'll have just about as much business

[coinableS]

...
Limitations? Have you ever developed your own shopping cart to sell something online and sign on up with a 3rd party processor who not only takes a % of every sale but also charges you $x per month, and sign up for SSL? With bitcoin you can set up your own webstore in a few hours, no 3rd party payment processors fees, no SSL, more money for the merchant, better prices for the people. But you're not for the people, are you?

 You can set up a "web store" to take Doge just as easily.  While you're at it, don't bother with SSL or even buying a domain name.
Set it up on TOR, as a hidden service, you'll have just about as much business

Really? You refute my point about crytocurrency convenience by suggesting I use a spinoff altcoin instead. A altcoin that was created after and only exists because of bitcoin? BTC FTW, maybe I'll flick a satoshi your way one day when your sleeping the street using a curb as a pillow.

[NotHatinJustTrollin]

The massive amount of anti-bitcoin trolls on this forum, reddit and twitter is a blatant sign to me that we are on the right path. Since we're encountering so much opposition we must be doing something right! Bitcoin will rule the internet of monies in a few years then we can all sit back and laugh at the old days doubt and speculation.

No, it only shows that the "trolls" are trying to tell new people that come to read this forum the truth, possibly avoiding them with financial ruin and a future of obsessed gambling addicts.

For the permabulls there is no hope, the "trolling" is not for them, those will just baghold for the end of eternity.

Aww so you're just trying to help people?

Cool gif.

But yes, I'm trying to show bitcoin's huge limitations to help new people make a more rational decision before dumping real money into this.

What's the alternative? "FUDding to get cheap coins?"

Limitations? Have you ever developed your own shopping cart to sell something online and sign on up with a 3rd party processor who not only takes a % of every sale but also charges you $x per month, and sign up for SSL? With bitcoin you can set up your own webstore in a few hours, no 3rd party payment processors fees, no SSL, more money for the merchant, better prices for the people. But you're not for the people, are you?

Better prices for the people? What about volatility that screws everyone over?   http://uk.businessinsider.com/bitcoin-crash-drug-dealers-2015-1?r=US
And if you want to avoid volatility converting to fiat you still need a trusted third party and you need to pay fees.

Fees are usually for consumer protection, it's not because trusted third parties are evil. With bitcoin right now you don't have much fees*, but if something goes wrong and a hacker steals your private keys/coins, it's game over.

*fees are low now that miners print money are profiting from bitcoin's 10% a year inflation, wait for fees to skyrocket as block reward is reduced (even more hilarious since nobody spends/moves coins around, they just hodl them).

[inca]

The massive amount of anti-bitcoin trolls on this forum, reddit and twitter is a blatant sign to me that we are on the right path. Since we're encountering so much opposition we must be doing something right! Bitcoin will rule the internet of monies in a few years then we can all sit back and laugh at the old days doubt and speculation.

No, it only shows that the "trolls" are trying to tell new people that come to read this forum the truth, possibly avoiding them with financial ruin and a future of obsessed gambling addicts.

For the permabulls there is no hope, the "trolling" is not for them, those will just baghold for the end of eternity.

How do you know the truth?

If you mean the future then your last few predictions proved totally wrong. Will you make another call for new lows then disappear whilst the price rises 30% again?

Lawl, inca blaming others for failed calls.

At least you tried, inca. 

IIRC you have a habit of disappearing back under your bridge during price rises, too.

[coinableS]

The massive amount of anti-bitcoin trolls on this forum, reddit and twitter is a blatant sign to me that we are on the right path. Since we're encountering so much opposition we must be doing something right! Bitcoin will rule the internet of monies in a few years then we can all sit back and laugh at the old days doubt and speculation.

No, it only shows that the "trolls" are trying to tell new people that come to read this forum the truth, possibly avoiding them with financial ruin and a future of obsessed gambling addicts.

For the permabulls there is no hope, the "trolling" is not for them, those will just baghold for the end of eternity.

Aww so you're just trying to help people?

Cool gif.

But yes, I'm trying to show bitcoin's huge limitations to help new people make a more rational decision before dumping real money into this.

What's the alternative? "FUDding to get cheap coins?"

Limitations? Have you ever developed your own shopping cart to sell something online and sign on up with a 3rd party processor who not only takes a % of every sale but also charges you $x per month, and sign up for SSL? With bitcoin you can set up your own webstore in a few hours, no 3rd party payment processors fees, no SSL, more money for the merchant, better prices for the people. But you're not for the people, are you?

Better prices for the people? What about volatility that screws everyone over?   http://uk.businessinsider.com/bitcoin-crash-drug-dealers-2015-1?r=US
And if you want to avoid volatility converting to fiat you still need a trusted third party and you need to pay fees.

Fees are usually for consumer protection, it's not because trusted third parties are evil. With bitcoin right now you don't have much fees*, but if something goes wrong and a hacker steals your private keys/coins, it's game over.

*fees are low now that miners print money are profiting from bitcoin's 10% a year inflation, wait for fees to skyrocket as block reward is reduced (even more hilarious since nobody spends/moves coins around, they just hodl them).

What about when volatility makes people more money? There are two sides to volatility you can't pick one side.

Consumer protection... right. Ebay charges you a fee to list your product, sell your product and paypal (same company) charges you to transact. It's not for protection, it's for profit. Want to buy that warranty for $100 extra? Warranties are another fake consumer protection used for profit.  Bitcoin protects consumers from shady companies that offer "free" trials and then continually pull money from their credit card after the fact, you can't pull money with bitcoin. Bitcoin is consumer protection. And if you are dumb enough to store your private keys on your webstore (when it's not requried to sell something), you are asking to lose your money.

You realize transaction levels are at record highs? Yup you're right nobody moves or spends coins.

Keep on trolling, we all appreciate your public service to "protect" people from the evils of bitcoin.

[NotHatinJustTrollin]

The massive amount of anti-bitcoin trolls on this forum, reddit and twitter is a blatant sign to me that we are on the right path. Since we're encountering so much opposition we must be doing something right! Bitcoin will rule the internet of monies in a few years then we can all sit back and laugh at the old days doubt and speculation.

No, it only shows that the "trolls" are trying to tell new people that come to read this forum the truth, possibly avoiding them with financial ruin and a future of obsessed gambling addicts.

For the permabulls there is no hope, the "trolling" is not for them, those will just baghold for the end of eternity.

Aww so you're just trying to help people?

Cool gif.

But yes, I'm trying to show bitcoin's huge limitations to help new people make a more rational decision before dumping real money into this.

What's the alternative? "FUDding to get cheap coins?"

Limitations? Have you ever developed your own shopping cart to sell something online and sign on up with a 3rd party processor who not only takes a % of every sale but also charges you $x per month, and sign up for SSL? With bitcoin you can set up your own webstore in a few hours, no 3rd party payment processors fees, no SSL, more money for the merchant, better prices for the people. But you're not for the people, are you?

Better prices for the people? What about volatility that screws everyone over?   http://uk.businessinsider.com/bitcoin-crash-drug-dealers-2015-1?r=US
And if you want to avoid volatility converting to fiat you still need a trusted third party and you need to pay fees.

Fees are usually for consumer protection, it's not because trusted third parties are evil. With bitcoin right now you don't have much fees*, but if something goes wrong and a hacker steals your private keys/coins, it's game over.

*fees are low now that miners print money are profiting from bitcoin's 10% a year inflation, wait for fees to skyrocket as block reward is reduced (even more hilarious since nobody spends/moves coins around, they just hodl them).

What about when volatility makes people more money? There are two sides to volatility you can't pick one side.

Consumer protection... right. Ebay charges you a fee to list your product, sell your product and paypal (same company) charges you to transact. It's not for protection, it's for profit. Want to buy that warranty for $100 extra? Warranties are another fake consumer protection used for profit.  Bitcoin protects consumers from shady companies that offer "free" trials and then continually pull money from their credit card after the fact, you can't pull money with bitcoin. Bitcoin is consumer protection. And if you are dumb enough to store your private keys on your webstore (when it's not requried to sell something), you are asking to lose your money.

You realize transaction levels are at record highs? Yup you're right nobody moves or spends coins.

Keep on trolling, we all appreciate your public service to "protect" people from the evils of bitcoin.

Since to move bitcoins around and spend them you need to be connected to teh internets, yes it's quite possible that a hacker steals yo' shit.
If that happens, transaction is irreversible, 0 consumer protection, your money is gone.
Plenty of stories of bitcoiners getting wiped out.

"Transactions levels are at record highs"?
lol no:

https://blockchain.info/charts/estimated-transaction-volume-usd?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
http://www.ofnumbers.com/2014/12/19/are-there-changes-in-the-volume-of-retail-transactions-through-bitpay-this-past-year/


Bitcoiners hodl, don't spend/use it as a currency. Except for drug dealers, those are kinda forced to.

[Dump3er]

The massive amount of anti-bitcoin trolls on this forum, reddit and twitter is a blatant sign to me that we are on the right path. Since we're encountering so much opposition we must be doing something right! Bitcoin will rule the internet of monies in a few years then we can all sit back and laugh at the old days doubt and speculation.

No, it only shows that the "trolls" are trying to tell new people that come to read this forum the truth, possibly avoiding them with financial ruin and a future of obsessed gambling addicts.

For the permabulls there is no hope, the "trolling" is not for them, those will just baghold for the end of eternity.

How do you know the truth?

If you mean the future then your last few predictions proved totally wrong. Will you make another call for new lows then disappear whilst the price rises 30% again?

Lawl, inca blaming others for failed calls.

At least you tried, inca.  

IIRC you have a habit of disappearing back under your bridge during price rises, too.

1. You seem to have a very weak memory (you should practice it in some senior-memory-training)
You forgot about your last ~1504390 false calls, but you blame others for their false calls. Furthermore you forget about that the dump3er is always there. I don't care about this weeny bounces, what results in point 2:
2. You call THIS rising prices???

[uki]

All the bulls that like to ridicule people for not being bullish have probably costed newbies lots of $ in the last 15 months.  I think a lot of newbie investors probably would have sold a lot earlier if it wasn't for all the bulltards in the last 15-18 months on this forum.  I wonder how many people bought at 1000+ and still hasn't sold yet.

How much did you cost people on here in 2011 by arguing bitcoin was overpriced at 2 dollars? The price subsequently rose more than 500x higher.

If there is one thing we know on this forum, it is that your pathetic attempts at manipulation (when you are short) are to be ignored entirely.

It is much more difficult to rise 500-fold from $2 than from $200. I believe I don't need to explain that, right?
 

You are right you don't need to explain that obvious and somewhat irrelevent point, no. Who exactly is saying the price is going to rise 500 fold from here? It can rise 5 times just to reach the previous ATH however.

My point is very relevant, as that is exactly where Bitcoin is atm. Bitcoin has proven to be successful experiment so far, bringing the price to three digit territory. Further growth requires substantial and really mass adoption, which we don't have at the moment (and we are quite from atm, actually). Maybe to be achieved in the future, but only under the condition of some really serious developments. Having said all that, I am not saying Bitcoin can't have another speculation bubble. Of course it can, but that would be rather the last one of that kind, after which there won't be much to fix.

[Hyena]

My point is very relevant, as that is exactly where Bitcoin is atm. Bitcoin has proven to be successful experiment so far, bringing the price to three digit territory. Further growth requires substantial and really mass adoption, which we don't have at the moment (and we are quite from atm, actually). Maybe to be achieved in the future, but only under the condition of some really serious developments. Having said all that, I am not saying Bitcoin can't have another speculation bubble. Of course it can, but that would be rather the last one of that kind, after which there won't be much to fix.

Exactly! This can't go on forever because more and more people are getting the déjà vu moments and start profiting from it. I believe the greatest bubble is still yet to come.

[inca]

All the bulls that like to ridicule people for not being bullish have probably costed newbies lots of $ in the last 15 months.  I think a lot of newbie investors probably would have sold a lot earlier if it wasn't for all the bulltards in the last 15-18 months on this forum.  I wonder how many people bought at 1000+ and still hasn't sold yet.

How much did you cost people on here in 2011 by arguing bitcoin was overpriced at 2 dollars? The price subsequently rose more than 500x higher.

If there is one thing we know on this forum, it is that your pathetic attempts at manipulation (when you are short) are to be ignored entirely.

It is much more difficult to rise 500-fold from $2 than from $200. I believe I don't need to explain that, right?
 

You are right you don't need to explain that obvious and somewhat irrelevent point, no. Who exactly is saying the price is going to rise 500 fold from here? It can rise 5 times just to reach the previous ATH however.

My point is very relevant, as that is exactly where Bitcoin is atm. Bitcoin has proven to be successful experiment so far, bringing the price to three digit territory. Further growth requires substantial and really mass adoption, which we don't have at the moment (and we are quite from atm, actually). Maybe to be achieved in the future, but only under the condition of some really serious developments. Having said all that, I am not saying Bitcoin can't have another speculation bubble. Of course it can, but that would be rather the last one of that kind, after which there won't be much to fix.

Mass adoption is certainly not required. Bitcoin has been into 4 digits without it and can easily return there with investment demand alone.

[inca]

The massive amount of anti-bitcoin trolls on this forum, reddit and twitter is a blatant sign to me that we are on the right path. Since we're encountering so much opposition we must be doing something right! Bitcoin will rule the internet of monies in a few years then we can all sit back and laugh at the old days doubt and speculation.

No, it only shows that the "trolls" are trying to tell new people that come to read this forum the truth, possibly avoiding them with financial ruin and a future of obsessed gambling addicts.

For the permabulls there is no hope, the "trolling" is not for them, those will just baghold for the end of eternity.

How do you know the truth?

If you mean the future then your last few predictions proved totally wrong. Will you make another call for new lows then disappear whilst the price rises 30% again?

Lawl, inca blaming others for failed calls.

At least you tried, inca.  

IIRC you have a habit of disappearing back under your bridge during price rises, too.

1. You seem to have a very weak memory (you should practice it in some senior-memory-training)
You forgot about your last ~1504390 false calls, but you blame others for their false calls. Furthermore you forget about that the dump3er is always there. I don't care about this weeny bounces, what results in point 2:
2. You call THIS rising prices???

Feel free to dig up those innumerable calls!?

[xDan]

Bitcoiners hodl, don't spend/use it as a currency. Except for drug dealers, those are kinda forced to.

My recent Bitcoin spending:

- monthly VPN subscription
- misc virtual servers / domain name
- ordered a neteller prepaid mastercard (and balance was available in 10 minutes, better than the bank transfer!)
- random donations, crowdfunding (find myself donating more since I don't have to give away email address or anything)
- drugs? Nope, unless you count some Modafinil from an Indian pharmacy..

[uki]

Mass adoption is certainly not required. Bitcoin has been into 4 digits without it and can easily return there with investment demand alone.

please re-read again my post #118, just above yours.
4 digits bubble was a speculation-driven Wally bubble.
This is possible to repeat, but if there is no real adoption and the growth is again purely speculative, that would do much more harm to Bitcoin than the previous bubbles.  

[Torque]

Bitcoiners hodl, don't spend/use it as a currency. Except for drug dealers, those are kinda forced to.

My recent Bitcoin spending:

- monthly VPN subscription
- misc virtual servers / domain name
- ordered a neteller prepaid mastercard (and balance was available in 10 minutes, better than the bank transfer!)
- random donations, crowdfunding (find myself donating more since I don't have to give away email address or anything)
- drugs? Nope, unless you count some Modafinil from an Indian pharmacy..

Don't forget $30 discount on $100+ purchase with bitcoin at Rakuten until 4/8!

[brg444]

Mass adoption is certainly not required. Bitcoin has been into 4 digits without it and can easily return there with investment demand alone.

please re-read again my post #118, just above yours.
4 digits bubble was a speculation-driven Wally bubble.
This is possible to repeat, but if there is no real adoption and the growth is again purely speculative, that would do much more harm to Bitcoin than the previous bubbles.  

Bitcoin will continue to see speculative growth in the foreseeable future.

It is not necessary for this to happen and will most definitely occur before we see any significant "real adoption" from consumer use case.