dakota neat
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December 17, 2014, 11:43:04 AM |
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Really looks like that bitcoin failed as an experiment
Capitalism and Democracy failed also, so what?
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VoR0220
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December 17, 2014, 11:43:30 AM |
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Really looks like that bitcoin failed as an experiment
I think that it is still working as the technical experiment that it was meant to be: a test of whether the PoW/reward/majority protocol would indeed motivate miners to mine, and prevent sabotage of a decentralized ledger. Bitcoin was not meant to be a replacement or alternative to credit cards, a sound investment, a way to evade law enforcement, to weaken governments, to turn losers into millionaires, etc.. Others appropriated it and have been trying to redefine it as some or all of these things. The technical experiment has worked for five years in spite of (not because of) its massive "adoption" by half a million people for those purposes. From the purely technical point of view, the only problem that has surfaced in these 6 years is the centralization of mining, due to use of specialized chips and economies of scale. That development was not expected, and may be technically its failure. Bitcoin may be failing only for some of the things it was never meant to be used for. http://media3.giphy.com/media/Vyt6KFrfwGSxq/200.gifNot at all. Even if bitcoin dies (I highly doubt it is anytime soon. There's so much venture capital being pumped into this to expand infrastructure and I read more and more about different companies accepting it.) The price is going to bottom out soon. It's going to stabilize roughly around this range. Maybe go up higher in value as more mainstream acceptance becomes apparent. At the worst what the experiment shows is that a deflationary currency is not sustainable. At best it shows that a deflationary currency is sustainable and shrouds the world in blockchain technology. That is where bitcoin will make the biggest difference. The blockchain. Bitcoin may die. But the altcoins are going to carry on. For sure.
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noobtrader
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December 17, 2014, 11:44:36 AM |
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i wonder if i should buy ripple ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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findftp
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Delusional crypto obsessionist
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December 17, 2014, 11:45:26 AM |
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Too bad 320 is a fake wall. We will go much lower. This wall is driven by hopium.
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mrkavasaki
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December 17, 2014, 11:45:56 AM |
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Of course bitcoin failed as an experiment ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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NotLambchop
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December 17, 2014, 11:46:17 AM |
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BTC is dead
But now is Bitcoin risen from the dead, and become the firstfruits of them that slept. For as in dollar all die, so also in Bitcoin all will be made alive. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs16.postimg.org%2Fr1ncajy6d%2Fjesus_second_coming_05.jpg&t=665&c=6wjhBJG5bwUE6A)
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janos666
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December 17, 2014, 11:48:06 AM |
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Don't be stupid. It's becoming a bloodbath. But it's not Bitcoin's blood. It's yours. (If you happened to make a trading mistake, that is. But you knew you are going to be gambling, right...?)
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findftp
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Delusional crypto obsessionist
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December 17, 2014, 11:49:20 AM |
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Too bad 320 is a fake wall. We will go much lower. This wall is driven by hopium.
Well, that escalated rather quickly ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) Come on, my bids are way lower
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mrkavasaki
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December 17, 2014, 11:50:24 AM |
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200s here we Come ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Mickeyb
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December 17, 2014, 11:52:40 AM |
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i wonder if i should buy ripple ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Of course you should, didn't you hear the news? Ripple is new Bitcoin!! Go and exchange all of your BTCs for Ripple!!
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DaRude
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In order to dump coins one must have coins
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December 17, 2014, 11:53:16 AM |
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Leveraged longs are being squeezed
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gizmoh
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December 17, 2014, 11:53:25 AM |
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mrkavasaki
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December 17, 2014, 11:55:08 AM |
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Mrbitcorn was right, bitcoin will drop to below 10 Dollars
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DaRude
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In order to dump coins one must have coins
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December 17, 2014, 11:57:13 AM |
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I am a troll
Shooo on ignore list you go
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Thomas-s
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December 17, 2014, 11:59:34 AM |
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Buy orders at 260.
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600watt
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December 17, 2014, 11:59:54 AM |
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i found a solution ! ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) This price is currently ignored.
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findftp
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Delusional crypto obsessionist
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December 17, 2014, 12:00:07 PM |
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Buy orders at 260.
I'll take some @ 270 ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 17, 2014, 12:00:27 PM |
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Criterion
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December 17, 2014, 12:01:17 PM |
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sniveling
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December 17, 2014, 12:01:25 PM |
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Mrbitcorn was right, bitcoin will drop to below 10 Dollars
No he predicted bitcorn would drop to below 10 Dollars, not bitcoin. Bitcorn's probably some shit coin nobody's heard of.
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