Will the companies accepting bitcoin continue to pour in?

[sublime5447]

Calm down Piper. No one put forth any data points and no one is arguing. I am just saying that btc is not working as money right now. People are holding the BTC on price speculation, that will change.

[Mike Christ]

Calm down Piper. No one put forth any data points and no one is arguing. I am just saying that btc is not working as money right now. People are holding the BTC on price speculation, that will change.

Agreed.  Until the price stabilizes (not anytime soon, and if it does, it'll still take a while for people to come to terms with it), people won't want to spend their BTC, for they know if they hold onto it, it'll continue to make them wealthier.

In other words, super lame if you're trying to use it as money.

[Piper67]

Calm down Piper. No one put forth any data points and no one is arguing. I am just saying that btc is not working as money right now. People are holding the BTC on price speculation, that will change.

You're stating something as fact over which you cannot have complete knowledge... up there with "there is a god" or "unicorns are hoarding bitcoins".

BTC works as great money for me when it comes to buying things off Bitcoinstore, paying for some services and transferring funds to family overseas.

[sublime5447]

Calm down Piper. No one put forth any data points and no one is arguing. I am just saying that btc is not working as money right now. People are holding the BTC on price speculation, that will change.

Agreed.  Until the price stabilizes (not anytime soon, and if it does, it'll still take a while for people to come to terms with it), people won't want to spend their BTC, for they know if they hold onto it, it'll continue to make them wealthier.

In other words, super lame if you're trying to use it as money.

+1 this is obviously true.

unicorn farts and there being a god is more likely than btc being used what it was designed for. Namely being money!!! That is why I like LTC because people will use it and it will drive the price down and availability up of BTC. These digits aren't worth anything if they aren't money! BTC is not fucking gold!! it is nothing like gold in fact it isn't worth shit just 1's and 0's floating in the cloud. It is only valuable as money!

[Piper67]

Calm down Piper. No one put forth any data points and no one is arguing. I am just saying that btc is not working as money right now. People are holding the BTC on price speculation, that will change.

Agreed.  Until the price stabilizes (not anytime soon, and if it does, it'll still take a while for people to come to terms with it), people won't want to spend their BTC, for they know if they hold onto it, it'll continue to make them wealthier.

In other words, super lame if you're trying to use it as money.

+1 this is obviously true.

unicorn farts and there being a god is more likely than btc being used what it was designed for. Namely being money!!! That is why I like LTC because people will use it and it will drive the price down and availability up of BTC. These digits aren't worth anything if they aren't money! BTC is not fucking gold!! it is nothing like gold in fact it isn't worth shit just 1's and 0's floating in the cloud. It is only valuable as money!

QED, snapsunny. Next time, do a name search first, saves you a lot quizzical frowns. 

[steamboat]

I do I know because everyone has had a death grip on their coins since the price spike. People use BTC for 2 things drugs and speculation.

[thoughtfan]

I do I know because everyone has had a death grip on their coins since the price spike. People use BTC for 2 things drugs and speculation.

I was going to write a sensible response to this nonsense but found it had already been done so instead:

Wow, aren't we privileged on the boards to have such a clairvoyant in our midst.  Without sublime5447 we would only be able to make fairly inaccurate guesses/estimations about how much people are holding/spending and why.  To now know as fact that drugs and speculation are the only reasons people are using Bitcoin is invaluable and does indeed prove how useless Bitcoin is in comparison with altcoinx which is soooo superior because of all the improvements and essential features that are absent from Bitcoin.

Thank FSM for sublime5447.  How otherwise would I know the thing to do right now is to sell all my Bitcoin and buy and spend altcoinx instead?

[sublime5447]

I love how bitcoin attracts all the assholes and dicks. It is just a magnet for gold bugs, speculators, tech guys, thefts, and real dick faces. Someone has a different opinion, god forbid.  To all the haters suck it fags. 

[creativex]

I love how bitcoin attracts all the assholes and dicks. It is just a magnet for gold bugs, speculators, tech guys, thefts, and real dick faces. Someone has a different opinion, god forbid.  To all the haters suck it fags.  

...you forgot to mention the immature homophobic clique.

[sublime5447]

  I might be a dick but am not homophobic. Lots of gay friends and my sister is lesbian. I call her a dike and her male friends fags. It is done in fun I am not malicious toward gays. I like them if they have vagina's    

[thoughtfan]

I love how bitcoin attracts all the assholes and dicks. It is just a magnet for gold bugs, speculators, tech guys, thefts, and real dick faces. Someone has a different opinion, god forbid.  To all the haters suck it fags. 

If you seriously think people are taking the mick out of you because you have a different opinion you really haven't read what you write have you?! - nor come to think of it, have you read the well reasoned responses people who should know better waste time in responding to you.

On the other hand if you are simply trolling then congratulations - if kidding people you mean what you say is a source of a sense of accomplishment for you then well done 

[steamboat]

I might be a dick but am not homophobic. Lots of gay friends and my sister is lesbian. I call her a dike and her male friends fags. It is done in fun I am not malicious toward gays. I like them if they have vagina's    

It astounds me how ignorant people are. Glad to see North Carolina keeps pumpin out winners.



P.S.- If you're "attempting" to run a BTC business, you probably shouldn't post things like "I give up. This shit has not been worth it. I have opened so many fing account and transferred so many different funds all over the internet. I give up f!@# it. I barely make any money selling these things and it has become to much of a pain in the ass to get so I am not going to do it any more. This market is bullshit. If they get easier to get in the future I will may start back up, but as for now I quit. F!@# BITCOIN!." on your facebook page.


IJS

[adamstgBit]

I might be a dick but am not homophobic. Lots of gay friends and my sister is lesbian. I call her a dike and her male friends fags. It is done in fun I am not malicious toward gays. I like them if they have vagina's    

It astounds me how ignorant people are. Glad to see North Carolina keeps pumpin out winners.



P.S.- If you're "attempting" to run a BTC business, you probably shouldn't post things like "I give up. This shit has not been worth it. I have opened so many fing account and transferred so many different funds all over the internet. I give up f!@# it. I barely make any money selling these things and it has become to much of a pain in the ass to get so I am not going to do it any more. This market is bullshit. If they get easier to get in the future I will may start back up, but as for now I quit. F!@# BITCOIN!." on your facebook page.


IJS

lmao

but bitcoins are sooooo easy to get....

[piramida]

P.S.- If you're "attempting" to run a BTC business, you probably shouldn't post things like "I give up. This shit has not been worth it. I have opened so many fing account and transferred so many different funds all over the internet. I give up f!@# it. I barely make any money selling these things and it has become to much of a pain in the ass to get so I am not going to do it any more. This market is bullshit. If they get easier to get in the future I will may start back up, but as for now I quit. F!@# BITCOIN!." on your facebook page.

Few things about sublime - he has no business, and no money, he wants to get rich quick (check out LTC subforums for more of his persona), he's pissed that BTC price does not go the way he wants. Seen lots of people like that around here. He'll turn into a solid BTC proponent if bitcoin falls to single digits and he'll have money and most importantly guts to buy at least 100. Which is a rare occasion, but I've seen it happen. So it's easier to ignore him alltogether.

[thoughtfan]

Few things about sublime ... check out LTC subforums for more of his persona...)

Think I've seen enough thanks.

...So it's easier to ignore him alltogether.

Cheers for the tip.  Advice taken.  sublime5447 on Ignore

[poly]

P.S.- If you're "attempting" to run a BTC business, you probably shouldn't post things like "I give up. This shit has not been worth it. I have opened so many fing account and transferred so many different funds all over the internet. I give up f!@# it. I barely make any money selling these things and it has become to much of a pain in the ass to get so I am not going to do it any more. This market is bullshit. If they get easier to get in the future I will may start back up, but as for now I quit. F!@# BITCOIN!." on your facebook page.

Few things about sublime - he has no business, and no money, he wants to get rich quick (check out LTC subforums for more of his persona), he's pissed that BTC price does not go the way he wants. Seen lots of people like that around here. He'll turn into a solid BTC proponent if bitcoin falls to single digits and he'll have money and most importantly guts to buy at least 100. Which is a rare occasion, but I've seen it happen. So it's easier to ignore him alltogether.

Thanks for this message - I've placed him on my ignore list (nifty function!), which should save me some time from reading his flawed posts.

[BitcoinAshley]

The most important thing that I've learned from this thread is that I should put sublime5447 on my ignore list.

Thanx guys!

[granolageek]

If the value of Bitcoin goes up fewer will be spend. The Dollar value of the spend coins per month might increase but the number of Bitcoins circulated in commerce will go down!

On the other hand, a drop or levelling in price will increase spending.

But the dollar value is an excellent proxy for the amount of goods and services purchased. That is what matters, not the number of actual BTC.

Short term, sure. Anything longer than a year or so and dollar value is a horrible yardstick.

Given that there is tracking of its shrinking length, I don't see anything better. Gold retains its value only when counted over centuries. Ditto for silver. Both are currently bouncing commodities, and even over centuries vary by wars, trade imbalances and mining discoveries.

I grant you they drift back, but it can take lifetimes, as when Spain looted the new world.

[Risse]

I think we will start seeing more brick & mortar stores using Bitcoins. There hasn't been a lot of those opened. Big opportunity there, especially in services where anonymity is a concern...

[Spaceman_Spiff]

Calm down Piper. No one put forth any data points and no one is arguing. I am just saying that btc is not working as money right now. People are holding the BTC on price speculation, that will change.

Part of the reason why people react strongly to you is because you make all kinds of statements with an air of " There !  I have proclaimed it, now it is the truth ! ".
There are however strong indicators that people don't just hold on to their money:   https://blockchain.info/charts/n-transactions?showDataPoints=false&timespan=all&show_header=true&daysAverageString=7&scale=0&address=