Double digit

[Frozenlock]

Sure it doesn't...you just keep holding that bag all the way down, buddy.

How much is it to be in your bear team?

[evolve]

Besides, even if Bitcoin crashes completely, won't it still have a collectors value a 1000 years from now being the oldest crypto currency in the same way people collect old coins?

Why would it? No one collects beenz or flooz or any other defunct internet currency.

[evolve]

are you unable to tell the difference among different things? your analysis of comparing it to things that it is not makes little sense.

Comparing btc to flooz makes as much sense as comparing an electronic cryptocurrency to physical coins with actual numismatic value, if not more.

How much is it to be in your bear team?

People around here really need to loose this "us vs them" mentality.  There is no "team", and I am not "against" anybody, I simply talk about where I believe the market is going....nothing more, nothing less.

[fourkey2001]

Will go down again?

[jinni]

Besides, even if Bitcoin crashes completely, won't it still have a collectors value a 1000 years from now being the oldest crypto currency in the same way people collect old coins?

Why would it? No one collects beenz or flooz or any other defunct internet currency.

Why would people collect old coins?

Bitcoin is the first decentralized crypto currency. Flooz has nothing to do with that. 

[evolve]

Why would people collect old coins?

Artistic value, melt value, historical or cultural value, and/or investment value.

Bitcoin is the first decentralized crypto currency.

And? Being first doesn't necessarily translate into collector value.  

Collector markets are highly dependent on buyers within that market.  No buyers means no collector value.

[jinni]

Why would people collect old coins?

Artistic value, melt value, and/or investment value.

Melt value? Are you kidding me? A copper coin wouldn't be worth a Nickel melted.

Artistic value? Art is subjective, a Bitcoin could qualify as art in a hundred years.

Investment value? Exactly, I think we can both agree here that Bitcoin will be worth more in the future

[evolve]

Melt value? Are you kidding me? A copper coin wouldn't be worth a Nickel melted.

You know what? I stopped reading right there.

Its obvious that you are being disingenuous with your arguments and have no intention of actually discussing this.

[adpinbr]

are you unable to tell the difference among different things? your analysis of comparing it to things that it is not makes little sense.

Comparing btc to flooz makes as much sense as comparing an electronic cryptocurrency to physical coins with actual numismatic value, if not more.

How much is it to be in your bear team?

People around here really need to loose this "us vs them" mentality.  There is no "team", and I am not "against" anybody, I simply talk about where I believe the market is going....nothing more, nothing less.

Have you ever believed the market is going up?

[jinni]

Melt value? Are you kidding me? A copper coin wouldn't be worth a Nickel melted.

You know what? I stopped reading right there. Its obvious that you are being disingenuous with your arguments and have no intention of actually discussing this.

I was trying to make a joke while also making a point.

Fair enough, some coins in circulation might be worth more melted than on their face value, but we were talking about collector coins, not rubbish fit for recycling into something useful.

Most collector coins are not made from precious metals. But you obviously don't want to even think about that fact.

Collector coins get their value because people like them, and what's to stop people from liking Bitcoins in the future?

[evolve]

Have you ever believed the market is going up?

Plenty of times.  Most of the way up to 30 in 2011 and from the point we hit singles (after the 2011 crash) all the way up to about 13 last year.  I've been bullish for a far greater amount of time than I have been bearish on the market.

That's what some of you keep failing to understand.

Just because I think BTC is currently way overvalued, and strongly believe the market is going back down, does not mean I am against bitcoin. In fact, it's quite the opposite. I think for BTC to succeed, its boom and bust economy must fail in favor of a real economy that grows at a natural rate (as opposed to the current economy which is being driven by hype and speculation)...the reality is that we are not even close to that yet.

[Dumbastronaut]

Have you ever believed the market is going up?

Plenty of times.  Most of the way up to 30 in 2011 and from the point we hit singles (after the 2011 crash) all the way up to about 13 last year.  I've been bullish for a far greater amount of time than I have been bearish on the market.

That's what some of you keep failing to understand.

Just because I think BTC is currently way overvalued, and strongly believe the market is going back down, does not mean I am against bitcoin. In fact, it's quite the opposite. I think for BTC to succeed, its boom and bust economy must fail in favor of a real economy that grows at a natural rate (as opposed to the current economy which is being driven by hype and speculation)...the reality is that we are not even close to that yet.

I couldn't have said this better.

You have to adapt to the market, not the other way around.

[Frozenlock]

C'mon guys, everyone knows that if you don't think the price will go up forever, you're against Bitcoin!

[smoothie]

Have you ever believed the market is going up?

Plenty of times.  Most of the way up to 30 in 2011 and from the point we hit singles (after the 2011 crash) all the way up to about 13 last year.  I've been bullish for a far greater amount of time than I have been bearish on the market.

That's what some of you keep failing to understand.

Just because I think BTC is currently way overvalued, and strongly believe the market is going back down, does not mean I am against bitcoin. In fact, it's quite the opposite. I think for BTC to succeed, its boom and bust economy must fail in favor of a real economy that grows at a natural rate (as opposed to the current economy which is being driven by hype and speculation)...the reality is that we are not even close to that yet.

There is some truth to this. We just need to keep in mind that there is a limited supply of coins and unlimited fiat potential.

I agree in some respect that a coin/economy needs time to grow.

Litecoin grew based upon it withstanding the test of time.

As is true with bitcoin.

[Frozenlock]

Litecoin grew based upon it withstanding the test of time.

Yeah right...
 

[smoothie]

Litecoin grew based upon it withstanding the test of time.

Yeah right...
 

LOL remember all those people claiming litecoin would die and isn't worth shit?

Well I guess the free markets thought differently.

And yes, right. 


If you are right in your sarcasm then I guess I got lucky and made a fortune investing into litecoins at $0.07 in January and $0.005 last April (2012).

Either way, I won despite what you think. 

[Frozenlock]

Oh, I'm not disputing the fact that you've made money, nor that you could make more.

I just don't see any value in Litecoin. At all.
I mean, there isn't even businesses for it. (And don't say Atlantis... most vendors there just accept bitcoins.)
At least in the beggining of Bitcoin, you could buy some alpaca socks. 

If Bitcoin is mostly speculation, Litecoin is a genetically engineered super speculation beast with two heads spitting fire.

[smoothie]

Oh, I'm not disputing the fact that you've made money, nor that you could make more.

I just don't see any value in Litecoin. At all.
I mean, there isn't even businesses for it. (And don't say Atlantis... most vendors there just accept bitcoins.)
At least in the beggining of Bitcoin, you could buy some alpaca socks.  

If Bitcoin is mostly speculation, Litecoin is a genetically engineered super speculation beast with two heads spitting fire.

Please do your research before opening your mouth. Thanks 

Litecoin accepting sites: https://forum.litecoin.net/index.php/topic,1365.0.html

[BitcoinAshley]

This thread reminded me, I need to go move a couple of my buy orders back up to triple digit territory 

This volatility has made my spread quite the frankenstein; bye-bye gaussian curve. Still making me money and doing my part to reduce volatility, just not in the robotically efficient fashion that I'd like.

[Frozenlock]

Oh, I'm not disputing the fact that you've made money, nor that you could make more.

I just don't see any value in Litecoin. At all.
I mean, there isn't even businesses for it. (And don't say Atlantis... most vendors there just accept bitcoins.)
At least in the beggining of Bitcoin, you could buy some alpaca socks.  

If Bitcoin is mostly speculation, Litecoin is a genetically engineered super speculation beast with two heads spitting fire.

Please do your research before opening your mouth. Thanks 

Litecoin accepting sites: https://forum.litecoin.net/index.php/topic,1365.0.html

You're kidding, right?
Even in early 2009 Bitcoin had ten times this listing.

But hey, if Bitcoin isn't risky enough for you, carry on.