Permabull Party Thread

[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

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.

What is it that makes you Bitcoiners so dour & angry?
Were you all this unpleasant before buying into this BTCeanie BTCabies fad investing in Bitcoin?

[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.  

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.

Sure, but the consequences of bursting the next speculative bubble on Bitcoin, if such a bubble happens, may be devastating for Bitcoin's future both in terms of mass perception and literally. Meaning, Bitcoin would be then seen as very high-risk speculation asset with low liquidity and only as that, with no real interest from the bigger money (now at least we have rumours about such interest from time to time in the news).

[coinableS]

Don't let the permabull party thread die already!
Permabulls are always bullish, even with low prices, hence the "perma".
Now who wants to permabull with me?

[TrollinU]

Permabull party is on hold until further notice

Didn't you guys get the memo? Some reputable analysts have been telling you guys for a while that the bear market is still underway. The trend is your friend. Don't fight the damn trend!!

[exocytosis]

If any bears would be so kind as to post here saying Bitcoin will never reach that point again, it would be highly appreciated, and make this even more entertaining. Price currently is around $250.

Price will never again go above $400. It'll be in the double or single digits by January 2016.

[ErisDiscordia]

thread for permabulls gets spammed by permabears and trolltards, did not see that coming 

[Okurkabinladin]

Perhaps we could utilize this thread as counter indicator of sentiment. Once it is dead and buried, it will be time to buy and hold again.

[Dafar]

Let's be honest here guys.... is bitcoin really going back $1000+ again?


It's been over a year of bear market, it's hard to keep the optimism up.... but maybe that is the test

[Beliathon]

Let's be honest here guys.... is bitcoin really going back $1000+ again?


It's been over a year of bear market, it's hard to keep the optimism up.... but maybe that is the test

One year of a thousand+ year lifespan for this utility/technology. The market is being pushed down because institutional investors are preparing to pounce.

4 billion is chump change to Wall Street, too easy to manipulate. Wait and buy at 200 if it dips there, is my best guess.

[spazzdla]

Let's be honest here guys.... is bitcoin really going back $1000+ again?


It's been over a year of bear market, it's hard to keep the optimism up.... but maybe that is the test

Due to the fact Bitcoin is limited in supply.. Many many people are going to lose a lot of wealth while a few gain an insane amount.

[yayayo]

Perhaps we could utilize this thread as counter indicator of sentiment. Once it is dead and buried, it will be time to buy and hold again.

Problem is that Bitcoin bulls are extremely "perma" and their bullishness only increases with declining prices. Actually, in a Bitcoin permabull, lower prices evoke euphoria to buy more coins even cheaper that will inevitably be worth much more in the future.

So your proposal to use this thread as a counter indicator won't work - instead you should always expect more activity here with declining prices. You can expect less activity only with increasing prices, because this scenario is boring old news for a permabull.

ya.ya.yo!

[xDan]

thread for permabulls gets spammed by permabears and trolltards, did not see that coming 

I'm kinda surprised there aren't more. Reverse psychology, this thread was supposed to catch all the bears for posterity. Maybe it was too obvious.

[TrollinU]

thread for permabulls gets spammed by permabears and trolltards, did not see that coming 

I'm kinda surprised there aren't more. Reverse psychology, this thread was supposed to catch all the bears for posterity. Maybe it was too obvious.

So noobs can dig it out in a year or two and see that the bears were right all along? Kinda blew up in your face, eh?

[coinableS]

This is one dull party atmosphere...

Woohoo, bitcoin is on sale!! permabull rage buy dance!

[flipstyle]

Perhaps we could utilize this thread as counter indicator of sentiment. Once it is dead and buried, it will be time to buy and hold again.

Problem is that Bitcoin bulls are extremely "perma" and their bullishness only increases with declining prices. Actually, in a Bitcoin permabull, lower prices evoke euphoria to buy more coins even cheaper that will inevitably be worth much more in the future.

So your proposal to use this thread as a counter indicator won't work - instead you should always expect more activity here with declining prices. You can expect less activity only with increasing prices, because this scenario is boring old news for a permabull.

ya.ya.yo!

All instances of 'Bitcoin' can be replaced with 'silver futurists' in your statement, and would hold 100% true.  Identical cult reasoning/psychology.

[americanpegasus]

Bitcoin wins.  Period.
 
It is the ideal solution to a very complicated n-person game theory problem.  It perfectly balances human greed vs. growth, and as I have said before: is the equivalent of a financial virus that is destined to take over the world. 
 
Worrying about bitcoin at $220 vs. $280 will seem absurd in the future when the bit reaches US cent parity and bitcoins are worth $21,000 each. 
 
This topic will be hundreds of pages long, and people will refer back to this comment and laugh and say, "Holy shit, that guy was right!" and it is obvious in retrospect as it should be obvious in reverse-retrospect (FUTURESPECT)  . 
 
Bitcoin is about $200.  The day will come with it will be $2000, and $20,000, and yes... $200,000 and $2M.  It's all a matter of time and rate.  I can't predict that....  all I know is that the limit of this function, starting at zero is one.  And one is total global domination. 
 
I'm not a perma-bull. 
 
I'm a rational observer of one of the greatest triumphs of mathematics in the history of our civilization. 
 
And it should be just as obvious to you what will happen.  Let the plebs argue about whether numbers on a computer are worth absurd amounts of value.  We know the truth. 
 
That's right fuckers.  It's April 14th, 2015!  Bitcoins cost $220 each... that's a million bits in future speak.  That's two-hundredths of a cent per bit... that means that every U.S. cent will buy you about 45 bits, and every dollar buys about 4,545 bits.... that's crazy to think about, huh? 
 
4,500 bits for a single U.S. dollar.  I'll bet you wish you could come back to now, knowing what you know now, huh? 
 
But don't be mistaken.  The atmosphere now at the bottom of this latest crash is toxic as hell.  Paid trolls and bears are everywhere.  Anyone who buys bitcoin is shunned and ridiculed... it's not a celebration: far from it.  And yet, some of us know. 
 
Some of us can see through the FUD to what will happen. 
 
Look me up.  I'll probably be throwing some pretty kick ass parties by now.

[Xiaoxiao]

[futureofbitcoin]

@americanpegasus

Sorry, while I agree bitcoin has potential, and could eventually be worth 5 or even 6 digits, you can hardly call yourself a "rational observer" lol... just look at some of your other posts/threads.

And for sure I'll care whether I got in at 280 or 220 when bitcoin is 21000. It's the difference between a 9500%+ gain vs 7500% gain. That's quite a difference.

[DeadCoin]

Bitcoin wins.  Period.
 
It is the ideal solution to a very complicated n-person game theory problem.  It perfectly balances human greed vs. growth, and as I have said before: is the equivalent of a financial virus that is destined to take over the world. 
 
Worrying about bitcoin at $220 vs. $280 will seem absurd in the future when the bit reaches US cent parity and bitcoins are worth $21,000 each. 
 
This topic will be hundreds of pages long, and people will refer back to this comment and laugh and say, "Holy shit, that guy was right!" and it is obvious in retrospect as it should be obvious in reverse-retrospect (FUTURESPECT)  . 
 
Bitcoin is about $200.  The day will come with it will be $2000, and $20,000, and yes... $200,000 and $2M.  It's all a matter of time and rate.  I can't predict that....  all I know is that the limit of this function, starting at zero is one.  And one is total global domination. 
 
I'm not a perma-bull. 
 
I'm a rational observer of one of the greatest triumphs of mathematics in the history of our civilization. 
 
And it should be just as obvious to you what will happen.  Let the plebs argue about whether numbers on a computer are worth absurd amounts of value.  We know the truth. 
 
That's right fuckers.  It's April 14th, 2015!  Bitcoins cost $220 each... that's a million bits in future speak.  That's two-hundredths of a cent per bit... that means that every U.S. cent will buy you about 45 bits, and every dollar buys about 4,545 bits.... that's crazy to think about, huh? 
 
4,500 bits for a single U.S. dollar.  I'll bet you wish you could come back to now, knowing what you know now, huh? 
 
But don't be mistaken.  The atmosphere now at the bottom of this latest crash is toxic as hell.  Paid trolls and bears are everywhere.  Anyone who buys bitcoin is shunned and ridiculed... it's not a celebration: far from it.  And yet, some of us know. 
 
Some of us can see through the FUD to what will happen. 
 
Look me up.  I'll probably be throwing some pretty kick ass parties by now.

[xDan]

thread for permabulls gets spammed by permabears and trolltards, did not see that coming 

I'm kinda surprised there aren't more. Reverse psychology, this thread was supposed to catch all the bears for posterity. Maybe it was too obvious.

So noobs can dig it out in a year or two and see that the bears were right all along? Kinda blew up in your face, eh?

The future hasn't happened yet, Mr TrollinU