Everyone failed.

[HappyBitCoinUser]

People are into BTC cause they believe in this new idea, or they are hoping to get rich (like having faith in a certain stock to increase in value).

For those people trying to get rich, yeah lots of money they lost.

And for this new idea? Its dying now. It won't completely go away though. Even a 10-20 year old video game still has a few people that play it once in a while, even though majority of people could care less.

[annette786]

People are into BTC cause they believe in this new idea, or they are hoping to get rich (like having faith in a certain stock to increase in value).

For those people trying to get rich, yeah lots of money they lost.

And for this new idea? Its dying now. It won't completely go away though. Even a 10-20 year old video game still has a few people that play it once in a while, even though majority of people could care less.

Yeah, perhaps you should put down the bong for a bit.  Your deep thoughts are sounding kinda Jack Handeyish.

[seleme]

Irony of the nick is too big to resist

[justusranvier]

Do you have a point you are trying to make? Hopefully some evidence to back it up?

He either wants a lower entry point to go long from. or else wants a lower price because he's short and about to get squeezed.

[Logik]

Why does everybody keep saying Bitcoin is dying based on what the USD/BTC exchange rate is doing?

Speculation is a component of Bitcoin; not the other way around.

[Geist]

People are into BTC cause they believe in this new idea, or they are hoping to get rich (like having faith in a certain stock to increase in value).

For those people trying to get rich, yeah lots of money they lost.

And for this new idea? Its dying now. It won't completely go away though. Even a 10-20 year old video game still has a few people that play it once in a while, even though majority of people could care less.

So when you picked your username, were you trying to be ironic?

[keatonatron]

For those people trying to get rich, yeah lots of money they lost.

I've been investing in bitcoin for over a year now. I haven't lost anything yet.

Of course, I didn't take out a second mortgage on my house and put all my savings into bitcoin. That would just be stupid.

Are you really trying to say that you tried to get rich, and lost a lot of your money? Because I don't see how you could possibly speak for other people.

[michaelGedi]

you failed

[Crypt_Current]

Speculators are learning valuable lessons, like how hard it is to move fiat around, and how easy it is to move Bitcoin around. Many will come for the "get rich quick", and a good percentage will stay for the "utility".

The volatility is growing pains and if you think you know a way to stop it without introducing the type of regulation bitcoin avoids, well... LOL.

+1

if only mtgox --> okpay were quicker, OR mtgox USD codes still around

[NikolaTesla]

For those people trying to get rich, yeah lots of money they lost.

Not really. I bought mostly for speculation and I'm still way up from my original investment.

[annette786]

For those people trying to get rich, yeah lots of money they lost.

Not really. I bought mostly for speculation and I'm still way up from my original investment.

Give him a break. He joined a week ago.  He had high hopes...

I can't take the pressure!

Ok ok, I put in $2k worth bid and hope to double my money within a few days.

I have faith!

[drawingthesun]

People are into BTC cause they believe in this new idea, or they are hoping to get rich (like having faith in a certain stock to increase in value).

For those people trying to get rich, yeah lots of money they lost.

And for this new idea? Its dying now. It won't completely go away though. Even a 10-20 year old video game still has a few people that play it once in a while, even though majority of people could care less.

Don't worry pal its not dying at all, if the price hits under $1 for a long time, then maybe that is like a death almost.

Even if we hit a low of $20 we are will higher than beginning of January!

We was in a bubble pure and simple, everyone was positing about the bubble popping all the time, the writing was on the wall. I expected the bubble to pop after reaching $1000 a coin but someone attacked the Gox and caused a preemptive popping of the bubble.

Remember the growth could not sustained, within a year a single Bitcoin would make you a billionaire, the rate of increase was exponential at least. If the dream of Bitcoin is that rate of increase against USD then that is a fantasy dream and could not be sustained by anything in the world ever. Even exponential adoption can only go a year before saturating every market and store on earth.

But Bitcoin will rise. Remember Bitcoin is a confidence currency, its value determined by the confidence of the sellers and buyers. Bitcoin will rise, hopefully a little slower this time!!

[antihexe]

Speculation is antithetical to the purpose of bitcoin.

Ya'll should be ashamed. (:3)

[HappyBitCoinUser]

I can't take the pressure!

Ok ok, I put in $2k worth bid and hope to double my money within a few days.

I have faith!

That $2k bid was a troll.

My user name is a troll.

My funny pics are all trolls.

You all got trolled.

Now on a half serious note, I didn't say BTC will die completely. I related it to a 20 year old video game, heck maybe even 30 year old video games. Like the 8-Bit Nintendo. I'm sure some people still play these games sometimes either by digging the console out of their basement, or using emulator/roms. Just like some day (soon) people will still have bitcoins, but will be only a few people saying look at my 1000's of BTC that are worth $0.01 each. It'll become obsolete just like an old video game, that very few people will touch for nogalistic purposes.

[HappyBitCoinUser]

Although trolling is fun, and I probably fail at it many times, I still make some good points

LOL at people that lost money. People never learn, even if its black and white in history books. Bubble went pop, and some people lost entire life savings.

[Elwar]

Irony of the nick is too big to resist

I loled

[XXthetimeisnowXX]

I can't take the pressure!

Ok ok, I put in $2k worth bid and hope to double my money within a few days.

I have faith!

That $2k bid was a troll.

My user name is a troll.

My funny pics are all trolls.

You all got trolled.

Now on a half serious note, I didn't say BTC will die completely. I related it to a 20 year old video game, heck maybe even 30 year old video games. Like the 8-Bit Nintendo. I'm sure some people still play these games sometimes either by digging the console out of their basement, or using emulator/roms. Just like some day (soon) people will still have bitcoins, but will be only a few people saying look at my 1000's of BTC that are worth $0.01 each. It'll become obsolete just like an old video game, that very few people will touch for nogalistic purposes.

wow you realy do have no life. good luck with trolling. ignore button initiated. see ya in the negative universe

[agentbluescreen]

Speculation is antithetical to the purpose of bitcoin.

Ya'll should be ashamed. (:3)

Not only that, it makes it a fiat currency more untrustworthy, unreliable, unstable, undependable and useless than all the other ones.

It i impossible to use a potential new so-called Medium of Labour-Exchange currency if you can't even guarantee the value of it even as log as it takes to spend or be paid in it.

[Zaih]

I disagree sir!

Bitcoin's will continue. Waheyyyyyy

[agentbluescreen]

Speculation is antithetical to the purpose of bitcoin.

Ya'll should be ashamed. (:3)

Not only that, it makes it a fiat currency more untrustworthy, unreliable, unstable, undependable and useless than all the other ones.

It i impossible to use a potential new so-called Medium of Labour-Exchange currency if you can't even guarantee the value of it even as log as it takes to spend or be paid in it.

Yes, we should hang anyone who attempts to buy or sell bitcoins as they please.

You should probably also relearn what fiat means.

No, sorry to strongly, strongly disagree but it's you who have an awful lot of learning to do my friend! Our foolish moneychangers screwed Bitcoin, the failure is all their and people like you's fault. This project isn't a video game where you can betray-kill another team member and "score" their points. We have to defend ourselves against determined, capable and awesomely well armed mortal enemies who are determined to obliterate us and steal all of the fruits of our work for themselves.

We are using their precious "legal pyramid-derivatives loophole" to free ourselves and put them out of their business of enslaving us.

This BTC-securitized future-derivative-contract was intended as OUR new transnational MEDIUM OF LABOUR-EXCHANGE CURRENCY not as somebody else's silly common commodity-resource share! (or wasn't it?   )

Bitcoin has a SEVERELY SUICIDAL problem with "exchanges" that inanely want to try to behave as "stock markets" (gang-spikers with tire shops), who seem hell-bent on destroying all useful commercial purposes and marketability for it, in hopes of making it just another churned-derivative pump and dump Pyramid Scheme for themselves dooming it to implode and collapse.

You see a Bitcoin is simply a derivative that only represents the LOOT or SERVICES that the guy that you got it off, got out of you for it, and made off with. It is a fiat "futures derivative contract" that arguably has some but really has no certain inherent added-value. Like a "gold contract' or "mortgage backed security' (I love that last word) derivative it is a "BTC -securitized Future Derivative Contract" that merely allows you to keep, transfer it around or transfer it somewhere else to resell it there for whatever "buy" it may seem to be worth to the next guy, a minimum of an hour from now.

The problem with the fiat-value nature of "BTC-derivative trading"-induced fiat volatility, is that "democracy" (even so-called "free" market laissez-faire) is no way to valuate a well regulated Supra-National Global Labour Exchange Currency Token system! The hallmark of an Adam Smith sort of "Freed Market System" is that it is always well-regulated.

Price stability is the critical issue that will kill Bitcoin and make it totally useless for commerce if exchanges can't be properly disciplined into the well regulation of "fiat" BTC value. No merchant nor contractor could accept a piece of crud that dramatically changes value every month, week or day or two, let alone every few hours, nor could anyone save with it or even afford to risk the time it takes to spend or be paid in it.

Even the "exchanges" themselves can easily be wiped out like an MF Global when the pool of derivative that they must stock as a trading pool, crashes in value! And we don't even know if this has already happened yet.

Start Here:

The "Bubbles with Bitcoins" Nightmare
https://bitcointalk.org/index.php?topic=175708.msg1832923#msg1832923