If Bitcoin fails..

[QuantumQrack]

Even if it fails (which I don't think it will), I'll still be able to walk away with some very basic knowledge economics, trading and cryptography.

What have you learned from Bitcoin?

Bitcoin has been a resounding success.  Why else the negative press?  Why else government attempt at manipulation?  When people have the ability to vote with their money (by using bitcoin), all sorts of wonderful things can happen. 

[agnostic98]

I learned that I need to start following people with Japanese names more often in crypto related forums and threads in order to get in on the next big thing before it cost over $100 to buy in

[Searing]

not sure what do do if it fails completely?

choices 1) go amish (give up all tech work hard sunshine hot amish fit women prob not no balls)

           2) make a shrine to my past bitcoin failure as a life lesson ..(yeah thats the ticket)

some history from me on just how low it can go...(and my foray into alt coin with a knc titan don't ya know ouch)
so those of you just in bitcoin it could be worse....anyway where I'm at below

well for me it has to drop to around for the 50 coin i've made off the Jupiter (not counting elec use) at $7,500 usd (with psu and other misl) to $150 usd btc for me to be under $$$ waves
vs BTC holdings

as to LTC for an example with the Titan 1st batch ...well alt coins you can make the point i puked on this Titan no roi no refund titan the LTC price will have to recover to exactly 10.14 usd.
the price of the Titan was $10,131.80 with shipping (not counting the psu in this case and again not counting elec costs) LTC price would have to go from the current $2.15 LTC price to the price of $10.14 usd assuming I can get it to a point of running 1000 LTC out of this Titan (iffy been almost 8 weeks and I show I've made 376 or so LTC on www.litecoinpool.org (current rate says 5.95 btc a day) so iffy at best just saying..probably can run the hamster wheel in the Titan that long....

so the BTC Juptier Hardware I have a ways to go to be under so to speak $$$ wise ....the no refund no roi Titan in order for me to make ROI i need an act of god ...er probably more then one
act of god actually ...would need a group of miracles

as a side note have held all the BTC I've ever mined or bought and the same with LTC so far...gonna ride this under the waves if it all goes beanie baby to BTC and/or LTC equals 0.



this alt coin biz either works or I go down with the ship ..if it does not work and goes beanie baby and tanks to 0 I DO have a lame fall back plan!

so to wrap this up if bitcoin fails (and as a result i assume all the alt coins too boot like my LTC i'm a hording now)


I plan to make a nice shelf ...decorated with tulips and with paper wallet wall paper behind the shelf......i will contact the nice people who bronze baby shoes and send my Titan and Jupiter
to them perhaps (if not too spendy) and thus will have an "ego limiting" shrine to me being stupid ...to reflect on.....ah memories....

what the hell ..either I'm gonna lament my foray into alt coins (btc/scrypt) or I'm gonna brag about it when they park me in the nursing home someday..good to have goals!

anyway my plans as of now but they change on a whim!


but yeah should probably just go Amish....communal living is the way to go.....give up all tech  except the high end care of mules.......
just renounce i say renounce all technology before the 20th century

probably won't do above ....but I'm sure if BTC and ALTs go away I will do something equally stupid in the future

again good to have goals (off to look at where to place my shelf to my dashed bitcoin dreams perhaps?)

 

[waaat?]

i learned 99% are greedy, selfish, toxic people and to trust nobody

... and some trading aswell which is the good part.

[LeChatNoir]

If BTC fails don't worry, NXT is ready to take its place.
Just be sure you already hold some before SHTF.

[waaat?]

If BTC fails don't worry, NXT is ready to take its place.
Just be sure you already hold some before SHTF.

not only that one actually

good alts will be BOOMING in general!

I actually don't worry at all ... i think all the bitcoin-fascism is annoying as hell.

More diversity won't hurt - quite the opposite

and after it has failed we will enter a stage where you can make money all year long - not only in 2 weeks every 4 years.

I for one welcome the fail with open arms.

And a lot of good memes will come from it too.

[LeChatNoir]

If BTC fails don't worry, NXT is ready to take its place.
Just be sure you already hold some before SHTF.

not only that one actually

good alts will be BOOMING in general!

I actually don't worry at all ... i think all the bitcoin-fascism is annoying as hell.

More diversity won't hurt - quite the opposite

Yep, Peercoin is also in line, the original POS  .

[cbeast]

I've learned that threads like these bring out the fail in people. /thread

[leopard2]

A lessons learned list to make a technically superior bitcoin.  The reason for Bitcoin's potential future failure can be added to that list too.

That could be Ethereum.

However, the biggest problem right now, is conversion from fiat (fuck the regulators) and scammers (fuck them scammers) and those will not go away with any crypto.

Acceptance would have to become much better and getting into crypto much easier.

[BitCoinNutJob]

If BTC fails don't worry, NXT is ready to take its place.
Just be sure you already hold some before SHTF.

haha NXT is going nowhere fast like all the other alts 

[fr4nkthetank]

I learned greed is basic characteristic of social people.

nah.  I learned 90% of people are super friendly, willing to share and cooperate.  the rest are greedy fucks who ruin it for everyone. 

[Guido]

keep selling please, I want it cheaper

[Balls]

If BTC fails don't worry, NXT is ready to take its place.
Just be sure you already hold some before SHTF.

haha NXT is going nowhere fast like all the other alts 

My thoughts exactly, but obviously these bagholders have their own agenda and need to pump up their coins and spread fud in times of bitcoin instability.

[Possum577]

If Bitcoin fails now it's because the system isn't ready for the idea. No alternative will take it's place in "2 seconds" as someone said...maybe in a long time from now but not immediately. It'll take a lot of time for the system, people, to become comfortable with the idea of alternative currency. And there's always the chance that Governments will put an end to it, potentially by driving the price down to make it appear worthless.

[Don007]

If Bitcoin may hit a very low bottom in value (with regard to the $), I don't think it has failed though.

It brought me a lot of knowledge, and it showed what trust can do for a currency. (Think about this with the Euro, the Dollar etc..). It also brought the importance of decentralization to the light. It's going to be a start for a lot of new technologies for sure! But let's hope it won't be just that, let's hope the coin will be a true currency the following years too!

[moriartybitcoin]

the reason bitcoin could fail is that only nerds and drug dealers use it .. the mom and pops around the world don't give a fuck

even young people I talk to could care less about bitcoin .. they love their paypal and credit cards .. stupid little shits

[pr472]

the reason bitcoin could fail is that only nerds and drug dealers use it .. the mom and pops around the world don't give a fuck

even young people I talk to could care less about bitcoin .. they love their paypal and credit cards .. stupid little shits

You are on to something. Bitcoin will only succeed if there is adoption by society. Right now, people seem satisfied with debit/credit cards, paypal, etc. People don't see why they should change what they are currently using and move to Bitcoin, especially since Bitcoin continues to fall in value.

[flipstyle]

the reason bitcoin could fail is that only nerds and drug dealers use it .. the mom and pops around the world don't give a fuck

even young people I talk to could care less about bitcoin .. they love their paypal and credit cards .. stupid little shits

You are on to something. Bitcoin will only succeed if there is adoption by society. Right now, people seem satisfied with debit/credit cards, paypal, etc. People don't see why they should change what they are currently using and move to Bitcoin, especially since Bitcoin continues to fall in value.

In theory, this would seem to be the case.  But in reality, the bigger corporate adoption = a shitload more coins being dumped into the market daily from companies instantly cashing in their btc's and not wanting to risk losing their ass from price volatility.

In essence, bitcoin is flawed and doomed because of this.  It's a catch 22, really.  Bitcoin was a novel idea with great 'idealistic' virtues which would work perfectly in a PERFECT world.  Unfortunately, some things just work out better on paper than in practice.

Bitcoin is now really only a haven for neckbeards, fraudsters, and investors/shorters/flippers.  And usually when you see a forum reply, you know who falls into which of the above categories.

[cr1776]

the reason bitcoin could fail is that only nerds and drug dealers use it .. the mom and pops around the world don't give a fuck

even young people I talk to could care less about bitcoin .. they love their paypal and credit cards .. stupid little shits

You are on to something. Bitcoin will only succeed if there is adoption by society. Right now, people seem satisfied with debit/credit cards, paypal, etc. People don't see why they should change what they are currently using and move to Bitcoin, especially since Bitcoin continues to fall in value.

In theory, this would seem to be the case.  But in reality, the bigger corporate adoption = a shitload more coins being dumped into the market daily from companies instantly cashing in their btc's and not wanting to risk losing their ass from price volatility.

In essence, bitcoin is flawed and doomed because of this.  It's a catch 22, really.  Bitcoin was a novel idea with great 'idealistic' virtues which would work perfectly in a PERFECT world.  Unfortunately, some things just work out better on paper than in practice.

Bitcoin is now really only a haven for neckbeards, fraudsters, and investors/shorters/flippers.  And usually when you see a forum reply, you know who falls into which of the above categories.

Shorter?

[Zhan21]

Now it is too early to discuss, but it's the price of a bad situation.