Dangerous position

[kwukduck]

I'd like to remind everyone to stay calm in these seemingly 'positive' times, most of the indicators including complex wave analysis show this trend is only short lasting and will drop down to previous levels (maybe up 5-15%) soon.

It's important to remember that bitcoin DOES NOT SCALE. Roger Ver's insane predictions may work in an ideal environment where the bitcoin protocol has been perfected. This has not happened in real life and probably will never happen because of the lack of development and technical obstacles. Bitcoin does not scale to the levels where it's reasonable value is around current price level.

Add to that several other protocol flaws you can be sure a drop is imminent when people start to realize their investment position is utterly weak when holding bitcoin.

Don't invest what you can't afford to lose.

[kwukduck]

It's scary that people will just ignore fundamental flaws when they see the price go up a bit. That's setting up for disaster in your finances.

[Paashaas]

Ohh Kwukduck is here again... I thought you went to the guys at the Pepsi forum and troll there why Coca-Cola is better.

[Alley]

Does not scale seems to be the trolls new phrase of the month.

[kwukduck]

Does not scale seems to be the trolls new phrase of the month.

What does stating facts and serious issues have to do with trolling? You want to deny that a system providing 7tps to a global economy is not a serious problem to the core idea?

Denial seems to be extremely persistent with some people here.

I'm telling people to be careful. TROLL ALERT!!
Right, who's the scammer/troll now?

[NeuroticFish]

Since BTC is growing quite fast and steadily, I'd (also) suspect a bubble.
However, I don't agree with OP.

First of all, I guess that most people exchanging BTC hope to sell high, before the rally will happen.
Second, please don't forget BTC had its times with 1000-1200$ prices, meaning that - in a way or another - such prices (or even fantastically higher) are not impossible.
There are too many things to take into account, it's not easy to predict a long time evolution.

So the only thing to read here is "keep your eyes open, people".

[brg444]

Does not scale seems to be the trolls new phrase of the month.

What does stating facts and serious issues have to do with trolling? You want to deny that a system providing 7tps to a global economy is not a serious problem to the core idea?

Denial seems to be extremely persistent with some people here.

I'm telling people to be careful. TROLL ALERT!!
Right, who's the scammer/troll now?

Bitcoin is meant to be HODL so the blockchain's transaction throughput is not an issue 

When you feel like spending your monies just cash out to fiat.

[kwukduck]

@NeuroticFish We all know why that happened. We all got goxed by willy bot. We don't want bubbles right? We want a useful tool in a healthy sustainable independent ecosystem i think. At least, that's why i got interested in bitcoin in the first place, at the time many more seemed to share that vision.

@brg444 It seems you have a very different vision of bitcoin than the people early involved, including Satoshi. Maybe you're right and that dream went down the drain a long time ago.

[brg444]

@NeuroticFish We all know why that happened. We all got goxed by willy bot. We don't want bubbles right? We want a useful tool in a healthy sustainable ecosystem i think. At least, that's why i got interested in bitcoin in the first place, at the time many more seemed to share that vision.

@brg444 It seems you have a very different vision of bitcoin than the people early involved, including Satoshi.

That's just non sense, Bitcoin thrives with bubbles 

[Dafar]

It's important to remember that bitcoin DOES NOT SCALE

Can you explain what you mean by that? Is this about the block size and how current block size limits cannot support mass adoption? Just want to learn in case you actually have insightful info

Denial seems to be extremely persistent with some people here.

I'm telling people to be careful. TROLL ALERT!!
Right, who's the scammer/troll now?

Honestly dude, all you ever do is try to get people out of bitcoin... why spend every day here discussing something you apparently hate? It's obvious that you have an agenda... and i doubt your agenda is to "help others" lol  

[8up]

@NeuroticFish We all know why that happened. We all got goxed by willy bot. We don't want bubbles right? We want a useful tool in a healthy sustainable independent ecosystem i think. At least, that's why i got interested in bitcoin in the first place, at the time many more seemed to share that vision.

@brg444 It seems you have a very different vision of bitcoin than the people early involved, including Satoshi. Maybe you're right and that dream went down the drain a long time ago.

true words.

[solid12345]

We all got goxed by willy bot.

I'd barely even heard of Bitcoin until the willy bot and the price rise brought crypto into the headlines. So I thank the willy bot  

[brg444]

@NeuroticFish We all know why that happened. We all got goxed by willy bot. We don't want bubbles right? We want a useful tool in a healthy sustainable independent ecosystem i think. At least, that's why i got interested in bitcoin in the first place, at the time many more seemed to share that vision.

@brg444 It seems you have a very different vision of bitcoin than the people early involved, including Satoshi. Maybe you're right and that dream went down the drain a long time ago.

Bitcoin and its transactional capacity will scale in due time. Don't be putting the cart before the horse.

Silbert told you yesterday exactly how it is gonna go down :

We’re still far away from bitcoin being a functional currency, and I don’t think we’ve gotten closer lately,” Silbert says. “First it’s going to function as a speculative investment that will drive up the price and create a larger monetary base that will draw in Wall Street to trade it. Then more merchants will come on board. As it gets more liquid, as a [payment] rail it will become a real alternative to the existing money transfer systems in the world today. I really believe that’s what will happen, and I want DGC to be a big part of it.

[NeuroticFish]

@NeuroticFish We all know why that happened. We all got goxed by willy bot. We don't want bubbles right? We want a useful tool in a healthy sustainable independent ecosystem i think. At least, that's why i got interested in bitcoin in the first place, at the time many more seemed to share that vision.

The fact that I suspect a bubble doesn't mean that I like it. Sorry if I was not clear.
Some of us want a sustainable coin / ecosystem. Some of us want only to get rich.
And there are the big traders, nobody talks much about them. And I think that they are quite a lot. They make a living from price changes and from bubbles.

I think that most would like BTC to get bigger. Some care if it's in a healthy way, some not.
The history is repeating. The willy bot incident would not be that big - imho - without the human greed.

The only think we can thank for (imho) to willy bot is the current power keeping the blockchain alive.

[Fiat_Hodler]

Denial seems to be extremely persistent with some people here.

I'm telling people to be careful. TROLL ALERT!!
Right, who's the scammer/troll now?

Honestly dude, all you ever do is try to get people out of bitcoin... why spend every day here discussing something you apparently hate? It's obvious that you have an agenda... and i doubt your agenda is to "help others" lol  

I hear he sold his entire stash when bitcoin was in single/double digits and has now devoted his life to trolling these bitcoin halls in misery. Sort of like golem in lord of the rings when he lost the ring.

Cant really blame him, the loss of such large potential riches,  probably has driven him insane... He couldve owned an island, private jet and a castle, but he sold... RIP life.. He needs to seek help...

[premium_domainer]

90% of your posts is same 

are you bitcoin hater!?

[Dafar]

I hear he sold his entire stash when bitcoin was in single/double digits and has now devoted his life to trolling these bitcoin halls in misery. Sort of like golem in lord of the rings when he lost the ring.

Cant really blame him, the loss of such large potential riches,  probably has driven him insane... He couldve owned an island, private jet and a castle, but he sold... RIP life.. He needs to seek help...

Haha that's what I suspect too... the dude's been around when bitcoin was in double digits, yet he's obviously not rich because he spends most of his days trolling in this forum

[Alley]

The blocksize limit can be raised.  Not to mention sidechains.  Bitcoin scales just fine.

[8up]

90% of your posts is same 

are you bitcoin hater!?

23 BTC after running a week at 2000khash/s

Not generated a block yet, i got those 23 from friends.

[kwukduck]

@Dafar Yes that's what i'm referring to here. I don't hate bitcoin, i recognize it's not perfect and it needs a lot of work on the protocol before it can grow to become what many of us have envisioned a long time ago.

@brg444 We've all seen how well that scaling proposal went last time, and that's the drama caused when there is minimal adoption. Can you imagine the utter economic devastation a hard fork will cause when there is considerable more adoption?
These 'future' issues should be addressed asap if you ask me.

@NeuroticFish True dat.

@Fiat_Hodler What's in a name? I'm here for an idea that can benefit many people in their everyday lives, not to make a quick buck. I did what i had to do at that time.