If you're hoping for economic disaster to raise price, then you're not a "bull"

[TERA]

1. Depending on how it plays out,  it's not guaranteed that the price will rise. It might collapse instead.

2. Bitcoin is a high tech payment network with hundreds of use cases.  Restricting it to this one use case of capital flight is pretty narrow minded and an insult to bitcoin. A real bull would want bitcoin to succeed in its own merits.

3. The price would be much higher if bitcoin went mainstream in a thriving economy with government approval, rather than a negative environment with no spending and only storage. Things would be growing,  and money would circulate hundreds of times faster.

4. In the case of hyperinflation, the prices of goods is rising in tandem with the bitcoin rise and your actual wealth in terms of what goods you can buy isn't rising as much,  if there is even a supply at all.  Meanwhile your neighbors are suffering and starving.  Heck,  you might just starve too.

5. You want to live in a negative and harsh world,  where everyone is unhappy and there isn't even anything fun to spend your coins on... If you can even find places to spend them because they're probably illegal. Nobodies quality of life is going up,  not even yours.  For any advantage due to your bitcoin wealth,  there is an equal and opposite disadvantage.

6. If people get wind of your wealth,  they will hate you and your life is in danger. 

7. You literally want billions of people to suffer just so you can make a profit.  You're just like the capitalist pigs and the government and are against all the values that bitcoin stands for.  You are despicable.

Go hope for something more productive because you might just get what you wish for.

[Meuh6879]

collapse ?

oh please ...

[TERA]

Please stay on topic.  This thread is not to actually speculate the price.  I guess I should have chosen another sub.

[Ibian]

Some of us are just here to make money.

[Meuh6879]

I guess I should have chosen another sub.

[TERA]

I'm well aware that 98% of you are here just to make a profit but you don't have to,  and shouldn't,  hope for an economic collapse that harms billions of people (and yourself) to do so.  Read all the points.

[Ibian]

Screw you hippie.

[RyNinDaCleM]

1. Depending on how it plays out,  it's not guaranteed that the price will rise. It might collapse instead.

2. Bitcoin is a high tech payment network with hundreds of use cases.  Restricting it to this one use case of capital flight is pretty narrow minded and an insult to bitcoin. A real bull would want bitcoin to succeed in its own merits.

3. The price would be much higher if bitcoin went mainstream in a thriving economy with government approval, rather than a negative environment with no spending and only storage. Things would be growing,  and money would circulate hundreds of times faster.

4. In the case of hyperinflation, the prices of goods is rising in tandem with the bitcoin rise and your actual wealth in terms of what goods you can buy isn't rising as much,  if there is even a supply at all.  Meanwhile your neighbors are suffering and starving.  Heck,  you might just starve too.

5. You want to live in a negative and harsh world,  where everyone is unhappy and there isn't even anything fun to spend your coins on... If you can even find places to spend them because they're probably illegal. Nobodies quality of life is going up,  not even yours.  For any advantage due to your bitcoin wealth,  there is an equal and opposite disadvantage.

6. If people get wind of your wealth,  they will hate you and your life is in danger. 

7. You literally want billions of people to suffer just so you can make a profit.  You're just like the capitalist pigs and the government and are against all the values that bitcoin stands for.  You are despicable.

Go hope for something more productive because you might just get what you wish for.

+1 Great post!

I'll add that in a world of economic collapse, there may not even be an internet or a power grid. Bitcoins will be the least of your worries and worthless.

[The Sceptical Chymist]

I agree with pretty much everything you wrote, and this is the same stuff that the precious metals crowd endures.  Guys like Schiff and the rest have been predicting economic armageddon for years and are still arguing for $500 silver and $10,000 gold.  It never ends. 

I'd like some price appreciation but not at the expense of everyone else.

[Ibian]

You people talk like you have any kind of power to alter the global economy. How do you get that fucking delusional.

[BlindMayorBitcorn]

If you're hoping for economic disaster, you're probably an asshole.

[Ibian]

If you're hoping for economic disaster, you're probably an asshole.

Or very K-selected.

The current system doesn't work. It is going to collapse, likely starting to come to a head around 2020. The longer it takes the worse it will be, so the sooner it happens the better. Hopes and wants have nothing to do with it, it is simply cause and effect.

[Cconvert2G36]

[suda123]

If you're hoping for economic disaster, you're probably an asshole.

Or very K-selected.

The current system doesn't work. It is going to collapse, likely starting to come to a head around 2020. The longer it takes the worse it will be, so the sooner it happens the better. Hopes and wants have nothing to do with it, it is simply cause and effect.

*so the sooner it happens the better* you watch stephen molynox?

[brg444]

1. Depending on how it plays out,  it's not guaranteed that the price will rise. It might collapse instead.

Is that right?  

2. Bitcoin is a high tech payment network with hundreds of use cases.  Restricting it to this one use case of capital flight is pretty narrow minded and an insult to bitcoin. A real bull would want bitcoin to succeed in its own merits.

A high tech payment network capable of supporting a giant 4 transaction seconds. Please.

Who made you the high magistrate of the holy court of real bulls? Who the hell am I answering to here but if not for a Speculation forum failed chartist?

Bitcoin is the plan B. Capital flight is not narrow minded it is the cause of its existence. Satoshi created it to save us from debased currencies. Now the rate and means by which you choose to escape is only determined by the individual users. Some call it speculation, some call it store of value, alternative currency. All of this is the creation of an economy that works, a matter of fact, outside of the current financial system.

This sort of reflexion stems from the persistent egocentrism found amount "high tech payment network" derps.

3. The price would be much higher if bitcoin went mainstream in a thriving economy with government approval, rather than a negative environment with no spending and only storage. Things would be growing,  and money would circulate hundreds of times faster.

Mainstream products with government approval is exactly what Bitcoin stands to deprecate. "No spending and only storage" is often referred to as savings which is the financial responsible things to do in a deflationary economy. A fantastic remedy to the consumerism disease.

What you're effectively trying to do is stick inflationary fiat bullshit on top of Bitcoin. It won't work.

[ErisDiscordia]

I do like chaos (duh) but hoping for a collapse in order to enrich myself would put me in the same category as war-mongers/profiteers so no thanks.

I do not hope for a collapse but think it is inevitable and thus try to protect myself by holding gold, silver and bitcoin.

The best protection are useful skills and a network of people you can trust.

[Ibian]

If you're hoping for economic disaster, you're probably an asshole.

Or very K-selected.

The current system doesn't work. It is going to collapse, likely starting to come to a head around 2020. The longer it takes the worse it will be, so the sooner it happens the better. Hopes and wants have nothing to do with it, it is simply cause and effect.

*so the sooner it happens the better* you watch stephen molynox?

If he said it then he may be almost as smart as me.

[hd060053]

If you think rational, you have to expect a collapse. The system can't recover anymore.

Hoping or wanting doesn't matter.

The sooner it happens, the less it will harm people. (Like in greece, it would have been better to crash 2015 instead of around 2020-2030)

[r0ach]

The original post is a false premise.  You can't get rid of the Zionist, slave plantation status quo without collapsing the status quo.  Does anyone like the status quo?  No, not really.

[TERA]

Youre attaching another premise before my premise , that I believe there is a "zionist slave plantation" and that I'm in a mission to get rid of it.  Then you also make the assumption that in order for there to be an improvement,  there MUST be a collapse.