Bitcoin is going to get crushed into nothing

[meangreen]

Its one big time ponzi pyramid scheme and it is genius. once all the money is taken out of the market poof gone. Where are all the tens of thousands of accounts that mt gox have waiting in line, that have money burning a hole in their pocket? Yes The price will go up in the short term but there will be one big act of capitulation and that will be it. The big players are just going to keep selling into any type of rally. Why would a big trader let this this go to the moon, when he can just keep bleeding it out. Goes up 20 sells, comes back down over and over. If I had the time and money I would do the same thing. What do you think happened to Apple computer stock. Everyone sucked in thinking the stock was going to $1000 and now dead money. Good luck suckers. I will make my purchases for bitcoins for the silkroad thats it. OUT

[Minor Miner]

oh no, he figured it out.   Do you think he knows we are all here just to trick him and take his money?

[notme]

Its one big time ponzi pyramid scheme and it is genius. once all the money is taken out of the market poof gone. Where are all the tens of thousands of accounts that mt gox have waiting in line, that have money burning a hole in their pocket? Yes The price will go up in the short term but there will be one big act of capitulation and that will be it. The big players are just going to keep selling into any type of rally. Why would a big trader let this this go to the moon, when he can just keep bleeding it out. Goes up 20 sells, comes back down over and over. If I had the time and money I would do the same thing. What do you think happened to Apple computer stock. Everyone sucked in thinking the stock was going to $1000 and now dead money. Good luck suckers. I will make my purchases for bitcoins for the silkroad thats it. OUT

TL;DR:
Bitcoins are useless, fuck bitcoins.  I'm only going to use them to transact for goods and services.

My take:  Good for you.  With your attitude you probably shouldn't be trying to time the market.  Bitcoin will continue to grow in usefulness and you sticking to just transactional use will better match your risk preferences.

[meangreen]

oh no, he figured it out.   Do you think he knows we are all here just to trick him and take his money?

yeah there are sure alot of people buying coins. all the thousands of mt gox accounts that are lined up are pouring tons of money into bitcoin now. wow look at the price go up! Remember everything you read on the internet is true.

[mgio]

oh no, he figured it out.   Do you think he knows we are all here just to trick him and take his money?

yeah there are sure alot of people buying coins. all the thousands of mt gox accounts that are lined up are pouring tons of money into bitcoin now. wow look at the price go up! Remember everything you read on the internet is true.

I buy and sell people like you. With my bitcoins.

[TheKoziTwo]

Its one big time ponzi pyramid scheme and it is genius. once all the money is taken out of the market poof gone. Where are all the tens of thousands of accounts that mt gox have waiting in line, that have money burning a hole in their pocket? Yes The price will go up in the short term but there will be one big act of capitulation and that will be it. The big players are just going to keep selling into any type of rally. Why would a big trader let this this go to the moon, when he can just keep bleeding it out. Goes up 20 sells, comes back down over and over. If I had the time and money I would do the same thing. What do you think happened to Apple computer stock. Everyone sucked in thinking the stock was going to $1000 and now dead money. Good luck suckers. I will make my purchases for bitcoins for the silkroad thats it. OUT

[noedaRDH]

Its one big time ponzi pyramid scheme and it is genius. once all the money is taken out of the market poof gone. Where are all the tens of thousands of accounts that mt gox have waiting in line, that have money burning a hole in their pocket? Yes The price will go up in the short term but there will be one big act of capitulation and that will be it. The big players are just going to keep selling into any type of rally. Why would a big trader let this this go to the moon, when he can just keep bleeding it out. Goes up 20 sells, comes back down over and over. If I had the time and money I would do the same thing. What do you think happened to Apple computer stock. Everyone sucked in thinking the stock was going to $1000 and now dead money. Good luck suckers. I will make my purchases for bitcoins for the silkroad thats it. OUT

Hey bro, if you don't like your Bitcoin "stocks", I'd be happy to take them off your hands!

[UltimateReaper]

I'm 67% certain meangreen is trolling.

[NamelessOne]

Mr. April 15, 2013, our new local expert, we should all abandon ship, the lord has spoken. Been here for years and watch enough people like you walk away during every crash or correction. I stayed despite frustration and endless hours staring at charts. I made money.

[UltimateReaper]

Mr. April 15, 2013, our new local expert, we should all abandon ship, the lord has spoken. Been here for years and watch enough people like you walk away during every crash or correction. I stayed despite frustration and endless hours staring at charts. I made money.

*bows* Sensei!

[BTC Books]

Mmmm...

Bitcoin juice.

[NamelessOne]

Mr. April 15, 2013, our new local expert, we should all abandon ship, the lord has spoken. Been here for years and watch enough people like you walk away during every crash or correction. I stayed despite frustration and endless hours staring at charts. I made money.

*bows* Sensei!

*bows back*   

[paulie_w]

HE'S RIGHT!

[smurf2094]

Another useless grunt added to my ignore list 

[xavier]

Maybe he is...............right??

just kidding

[meangreen]

Its one big time ponzi pyramid scheme and it is genius. once all the money is taken out of the market poof gone. Where are all the tens of thousands of accounts that mt gox have waiting in line, that have money burning a hole in their pocket? Yes The price will go up in the short term but there will be one big act of capitulation and that will be it. The big players are just going to keep selling into any type of rally. Why would a big trader let this this go to the moon, when he can just keep bleeding it out. Goes up 20 sells, comes back down over and over. If I had the time and money I would do the same thing. What do you think happened to Apple computer stock. Everyone sucked in thinking the stock was going to $1000 and now dead money. Good luck suckers. I will make my purchases for bitcoins for the silkroad thats it. OUT

Hey bro, if you don't like your Bitcoin "stocks", I'd be happy to take them off your hands!

how many do you want at mt gox ask?

[meangreen]

Mr. April 15, 2013, our new local expert, we should all abandon ship, the lord has spoken. Been here for years and watch enough people like you walk away during every crash or correction. I stayed despite frustration and endless hours staring at charts. I made money.

like I said in other posts. I have no position in bitcoins other than when I buy and use them right away. I am not saying they are going to zero. what I am saying is when enough people get in and get burned it will be all over. just like pyramid schemes, its great in the beginning then when people cant get more people in it collapses. It could take years or months but the powers that be won't let something happen which to some degree can be controlled. Paypal could come up with their own currency seeing they like a household name and people would trust it in a heartbeat.

Lastly nowadays, people want instantaneous gratification. unless you got in when the coins were super cheap and have been holding  and plan on holding forever, who is going to tie up all their capital now? thats like buying apple stock now at $400. can it go to $1000 yes but plan on holding for a long time, and people of this generation dont have the patience, hence when the buzz wears off or the price trades sideways forever while the big players bleed everything they can out of the new dollars coming in, its over.

[grue]

oh c'mon why is everyone falling for this guy's bait?

[Agent Provocateur]

oh c'mon why is everyone falling for this guy's bait?

cuz they are

[meangreen]

oh c'mon why is everyone falling for this guy's bait?

is your quote from zork? good game all text i remember playing that on my commodore 64