proudhon was right thread

[jubalix]

we need this thread

proudhon was right !

[losangeles]

hello from 2013, future bitcointalk readers.

[str4wm4n]

he wasn't.

[Buffer Overflow]

proudhon was right !

About what exactly?

[SomeWhere]

Is it yesterday?

[Amitabh S]

[proudhon]

Be patient.  By May things are going to look a lot different.

[mccorvic]

Be patient.  By May things are going to look a lot different.

Hrmm, yes. 1000000000 dollars per BTC WILL look a bit different.

[Melbustus]

Be patient.  By May things are going to look a lot different.

Yeah, I just needed to quote this too. MtGox BTC $123.16 right now.

[ineededausername]

Be patient.  By May things are going to look a lot different.

$500 gonna be really different, everyone

[proudhon]

Millions of people are going to hate bitcoin after the coming crash.  It's going to be far worse than 2011.

[Jrock]

Millions of people are going to hate bitcoin after the coming crash.  It's going to be far worse than 2011.

+1

If a major crash happens at this point, it will be WAY more damaging then last time.

[NamelessOne]

Millions of people are going to hate bitcoin after the coming crash.  It's going to be far worse than 2011.

+1

If a major crash happens at this point, it will be WAY more damaging then last time.

Like the countless stock market crashes throughout history have permanently damaged the stock market?

+1 I enjoyed this reply.

[Melbustus]

Millions of people are going to hate bitcoin after the coming crash.  It's going to be far worse than 2011.

We can get a 50% crash at any moment.

But I'll say it again: It won't be like 2011. The parabolic blowoff in 2011 was a fall from $32 to $17. Then the Gox hack. Then all sorts of other hacks and scams. It was really depressing. It seemed like no bitcoin business could keep customers' assets safe. Things were extremely immature.

It was all that secondary stuff that drove the price from $17 to $2.

The bitcoin ecosystem as a whole is MUCH more developed and professional than in 2011. Sure, quite a ways to go, but you've gotta admit that the difference is tremendous.

[BitPirate]

Millions of people are going to hate bitcoin after the coming crash.  It's going to be far worse than 2011.

We can get a 50% crash at any moment.

But I'll say it again: It won't be like 2011. The parabolic blowoff in 2011 was a fall from $32 to $17. Then the Gox hack. Then all sorts of other hacks and scams. It was really depressing. It seemed like no bitcoin business could keep customers' assets safe. Things were extremely immature.

It was all that secondary stuff that drove the price from $17 to $2.

The bitcoin ecosystem as a whole is MUCH more developed and professional than in 2011. Sure, quite a ways to go, but you've gotta admit that the difference is tremendous.

A 'flash crash' right now would take us down to $100 - $110. To be honest, I'd set the buy wall at $110 and still be nervous of missing it. 50% is a fantasy -- and even if it did drop by 50%, that would still be a *gain of over 50% month-on-month*.

I'll just let that sink in for a moment... Makes one a little less jittery, right?

[Jrock]

Millions of people are going to hate bitcoin after the coming crash.  It's going to be far worse than 2011.

+1

If a major crash happens at this point, it will be WAY more damaging then last time.

Like the countless stock market crashes throughout history have permanently damaged the stock market?

Bitcoin could cease to exist tomorrow. I can't say the same about the stock market.

Point proven.

[BitPirate]

Millions of people are going to hate bitcoin after the coming crash.  It's going to be far worse than 2011.

+1

If a major crash happens at this point, it will be WAY more damaging then last time.

Like the countless stock market crashes throughout history have permanently damaged the stock market?

Bitcoin could cease to exist tomorrow. I can't say the same about the stock market.

Point proven.

Yes you can:

The stock market could cease to exist tomorrow.

See, I just said it.

Point proven.

[Elwar]

Millions of people are going to hate bitcoin after the coming crash.  It's going to be far worse than 2011.

+1

If a major crash happens at this point, it will be WAY more damaging then last time.

Like the countless stock market crashes throughout history have permanently damaged the stock market?

Bitcoin could cease to exist tomorrow. I can't say the same about the stock market.

Point proven.

Which would be easier to stop?

[Jrock]

Millions of people are going to hate bitcoin after the coming crash.  It's going to be far worse than 2011.

+1

If a major crash happens at this point, it will be WAY more damaging then last time.

Like the countless stock market crashes throughout history have permanently damaged the stock market?

Bitcoin could cease to exist tomorrow. I can't say the same about the stock market.

Point proven.

Which would be easier to stop?

Eh, I'm not going to bother arguing my point.

I've been around since the coins were below 5$ before the 2011 "bubble" happened.

I've told friends/family to buy buy buy for months/years. Only like 5% of them listened, they're rich and the others missed out.

I wouldn't give that advice now though. My gut tells me it's a bad idea to buy in right now as a new investor. Maybe I'm wrong, I'd like to be wrong since I'm holding a substantial amount of BTC right now.

[mp420]

Millions of people are going to hate bitcoin after the coming crash.  It's going to be far worse than 2011.

I agree. But no harm done, more bitcoins for me.