I'm a bear and proud

[nkspace]

, i've been following the bitcoin market for a year, however only recently have i decided to sell my stash ? why ? well lets put some factors for your consideration
Bitcoin confirmation is too slow for any normal transaction fiat can provide, litecoins only take a few minutes, bitcoin took 45 minutes last time - massive flaw - bitcoin will eventually become that n64 console type crypto currency which will be over taken by something faster e.g litecoins/ something better, it will only get longer ( unless I'm wrong)

The bitcoin is not influenced by the press media coverage, t or by other facors at the moment,   it is controlled my individuals with mega bucks causing price manipulation,( and the mega bucks aren't that mega, in the bigger scheme of things) toying peoples bull emotions and bear emotions through massive cyclical pump and dump schemes, bitcoin is more of a gamble as to when these individuals will enforce their next pump and next dump, toying with speculator emotions like a puppet. its so obvious by observing the market,it just ignorant to disagree with this

Furthermore the bitcoin will never reach $1000, bulls stop pipe dreaming, why would individuals risk $1000 of their hard earned fiat cash, for something that isn't backed by gold/ silver or a commodity, one way to get seriously burned, but the rationale of a group

Bitcoin is now A classic get rich scheme for new users, the last crash hasn't shaken the weak hands, however have created new and more weak hands, e.g. non bitcoin believers whome wlill opt out the moment they believe the market will crash as they were only in it for the quick dough

Fed up of everyone talking about bitcoin in a bubble stated mind in this forum
these are the critical facts,
embrace it or get your wallet burnt

Bear

[anu]

I was an early adopter of bitcoin,

Date Registered:   March 28, 2013, 08:04:06 PM

Sure. I think you bought at 260 and sold at 50 and now you blame Bitcoin.

[nkspace]

buoght at 12 dollars, sole ar around 130 - 150 dollars befoer the crash, amde a heap of dough thanks but your wrong

[Pruden]

Agreed. My Nintendo 64 was state-of-the-art for 4 long years in which it gave me immense pleasure and had a big part in making me who I am now. I have no problem with Bitcoin achieving the same status.

[ElectricMucus]

Agreed. My Nintendo 64 was state-of-the-art for 4 long years in which it gave me immense pleasure and had a big part in making me who I am now. I have no problem with Bitcoin achieving the same status.

haha, I agree. 

[smoothie]

Another Junior member profile posting on why they are selling.


NO ONE CARES. SELL AND MOVE ON. 

[Miz4r]

Another Junior member profile posting on why they are selling.


NO ONE CARES. SELL AND MOVE ON. 

They can't, they see the price rise and it hurts too much inside. They just have to vent their frustration here and hope their FUD will crash the price so they can hop on again and become a happy bull like us.

[smoothie]

Another Junior member profile posting on why they are selling.


NO ONE CARES. SELL AND MOVE ON. 

They can't, they see the price rise and it hurts too much inside. They just have to vent their frustration here and hope their FUD will crash the price so they can hop on again and become a happy bull like us.

  i see....

[Gordonium]

Bitcoin confirmation is too slow for any normal transaction fiat can provide

And how long did it take to confirm credit card transactions?

[dave111223]

Bitcoin confirmation is too slow for any normal transaction fiat can provide

And how long did it take to confirm credit card transactions?

lol 6 months

[Gordonium]

Bitcoin confirmation is too slow for any normal transaction fiat can provide

And how long did it take to confirm credit card transactions?

lol 6 months

I rest my case.

[nkspace]

what do you mean 6 months, credit cad transactions are automatic, i expected this typical bull reaction , always fun to make bulls see red by stating something other than 'bitcoin is the best' 'bitcoin is the future', seriously though, i had to not sell to individuals who wanted to put their life savings in it, when i was trading them, if this message stops one person from being daft eought to put their life savings into them, i achieved something, as it is still a big risk

[Gordonium]

what do you mean 6 months, credit cad transactions are automatic,

No they are not. Transactions are instant just like with Bitcoin but confirmations take time

[nkspace]

the difference with that , is that the bitcoin price fluctuates!, by the time you recieved the bitcoins, the coins have either gone up or down by 10 dollars or something, however with fiat, if you did wait 6 months, the value of the fiat will remain relatively the same, so yes  one hour confirmations is a big deal

[nkspace]

i rest my case

[BitcoinAshley]

Furthermore the bitcoin will never reach $1000, bulls stop pipe dreaming, why would individuals risk $1000 of their hard earned fiat cash, for something that isn't backed by gold/ silver or a commodity, one way to get seriously burned, but the rationale of a group

100% proof that this Junior Profile "early adopter" has no idea what he's talking about. This is a classic example of the psychological barrier of a price of "1 whole bitcoin." It doesn't matter whether you buy 1 whole bitcoin or a piece of a bitcoin or 2 and 3/17ths of a bitcoin. The fact that OP is hung up on the "whole bitcoin = $$X" issue is a dead giveaway that he doesn't really understand bitcoin.

Individuals don't have to risk $1000 of their hard earned cash because "one whole bitcoin" doesn't matter. They can risk $200 or $5 or $5,000,000.

$1000 per One Whole Bitcoin is "unreachable," so what IS reachable? $1000 CAD for 3 bitcoins? 10000 JPY for one millibitcoin? $175 for 0.75 bitcoins? 3,000,000 pesos for a kilobitcoin? 14 remnibi for one satoshi? Take a discrete math class, for god's sake, this is all psychological.

In the code, bitcoin values do not even have a decimal place. They are just a big long string of integers. The decimal place is put in where it is for easy readability, and obviously in its infancy, one bitcoin being worth 50 cents or 1.75 was not psychologically outrageous. In the same way that some large companies split stocks to avoid the psychological barrier of a large stock value, using mBTC or smaller values solves the same problem. The whole number before the decimal DOES NOT MATTER! It is purely psychological. The fact that you do not understand this shows how likely it is that you are really an "early adopter," as the true early adopters tend to have done their research on the concept before buying in. 

Did you say you bought at $12?

buoght at 12 dollars,

So you're not really an "early adopter." You bought in a few months ago and are calling yourself an "early adopter." Lol.

[Ploo]

Out of all the reasons to be bearish on bitcoin, your reasoning stems from your lack of understanding of the currency. Shame really.

[nkspace]

however, i knew that, however bitcoin works jsut aswell being 10 dollars as 1000 dollars, due to 10 to the power of 7 creating alot of dough in bitcoin yet the inflation of price would ust be speculative, so yes 1000 dollars would get you burnt as it could operate at 100 dollars just aswell

[nkspace]

oh i love the flock of bulls charging

[Pteppic]

oh i love the flock of bulls charging

That's right, everyone is disagreeing with you because you are right...