bitcoin - game over

[Jozzaboy]

Everytime there is a slight Bitcoin movement, we have doomsayer predicting the demise of Bitcoin.  Bitcoin has survived quite a lot of such fluctuations, hacking, whatever.  But it is getting stronger and stronger.   Just look at the growth of Bitcointalk and you can see the number of those interested in Bitcoin has increased a lot.  Bitcoin Game Not Over.

+1 

[adamstgBit]

value dropping like a rock....

Value or Price?

+1

[Crypt_Current]

ITT: Someone with 16 posts says that bitcoin is "Game ovah" because one single person sold $10million USD of coins on a Sunday morning.

We're DOOOMMMEEDDD! Not because of the price drop, but because of the average intelligence level of the incoming userbase! 

I hypothesize that the boom/bust cycle will contract (shorter & shorter timespans between bubbles) because of exactly this.

[Crypt_Current]

And again... as I said.. people are take more attention of some photoshoped photo of six girls than those people sitting at same table http://en.wikipedia.org/wiki/List_of_Bilderberg_participants

 

Been there, done that, have many t-shirts about it, an entire plethora of t-shirts that won't sell well...
Nobody "cares" because everyone knows, but who can do anything about it?
There's a time for talking and BSing, then there's a time for DOING
So ask a different question:  What are YOU doing about it?
Suggestion:  Buy or mine cryptocurrencies.   

[xxjs]

it is not game over, but it is not time to buy or hold. based on all the fundamentals, bitcoin is worth  A LOT LESS than 94x the dollar. Until oil(or major commodity) is sold for bitcoin, this is a speculative price that has no basis in reality.

I also think a bitcoin can be worth 0 dollars and still not be game over.

1 bitcoin can be worth 1 barrel of oil.

a dollar is worthless. . . a bitcoin is a global currency and is worth way more than 200 dollars.

Currency only has value if you can actually buy things.
Other than gambling and drugs, there isn't much you can currently buy with bitcoins.

You can buy pretty much anything with bitcoins right now thanks to bitspend, gyft, etc.

Well no, thanks to Gyft i can convert Bitcoin into currency i can buy stuff with.  You're saying "You can buy pretty much anything with bitcoins cows right now thanks to gyft cattle auctions, etc."

Also, WHERE IS YOUR IMAGINATION? Bitcoin adoption is constantly growing. Don't look at how bitcoins work today, think about how the world will look with bitcoins tomorrow. That's how investing works, you buy an asset that you think will be valuable in the future.

The cool thing about real money is you don't need any imagination.  If imagination bought stuff, i wouldn't need Bitcoin.

Looks like you are missing the entrepreneur gene.

[crumbs]

Lol oh you guys.  

http://www.ibtimes.com/battle-over-bitcoin-china-backs-us-startup-coinbase-us-falls-behind-virtual-currencies-1297147

^{/fadesbackintowall...with popcorn}

Old article TL;DR.  What's your point?

Someone apparently cannot infer. Read the damn article (in it's entirety) and connect the dots in order to see my point, you rainbow-tailed dandy. If you need it laid out for you, then you don't belong here IMHO.

^{Off-topic: God I hate 'TL;DR' with a burning passion. Get out of here with that shit.}

Bye now.

Whoa there, Blaztoize!  I don't *really* have a pretty rainbowy tail, that avatar's been shopped!  Sure, a sexy mane & a cute multicolored shock of pony hair, but that's a macho thing -- George Washington and Andre The Giant both had one.  I know being a pokemon with huge thingies that spurt liquid (and i thought you were just happy to see me ) is trying, and being "trained" by prepubescent boys pleases only the most esoteric of tastes.  No worries, i don't judge!  

As far as your link, i still see no point in linking to an article rehashing old news & ends with:
"But for the U.S. to experience widespread adoption of the currency, which is considered a necessary step for gaining a grasp on the bitcoin market, limited government control will have to allow the money, like the Internet that birthed it, to develop organically."

TL;DR: Bye.

[notme]

it is not game over, but it is not time to buy or hold. based on all the fundamentals, bitcoin is worth  A LOT LESS than 94x the dollar. Until oil(or major commodity) is sold for bitcoin, this is a speculative price that has no basis in reality.

I also think a bitcoin can be worth 0 dollars and still not be game over.

1 bitcoin can be worth 1 barrel of oil.

a dollar is worthless. . . a bitcoin is a global currency and is worth way more than 200 dollars.

Currency only has value if you can actually buy things.
Other than gambling and drugs, there isn't much you can currently buy with bitcoins.

I get so sick of hearing this.
Bitcoinstore.com has over half a million products, 90% of which I can't find cheaper elsewhere.
Coinabul.com, bitcoincommodities.com sell precious metals at decent prices
Foodler.com, pizza4coins.com delivers food to your door

Those are just off the top of my head.  There are many more.  I pay for 95% of my online purchases with Bitcoin.

[crumbs]

it is not game over, but it is not time to buy or hold. based on all the fundamentals, bitcoin is worth  A LOT LESS than 94x the dollar. Until oil(or major commodity) is sold for bitcoin, this is a speculative price that has no basis in reality.

I also think a bitcoin can be worth 0 dollars and still not be game over.

1 bitcoin can be worth 1 barrel of oil.

a dollar is worthless. . . a bitcoin is a global currency and is worth way more than 200 dollars.

Currency only has value if you can actually buy things.
Other than gambling and drugs, there isn't much you can currently buy with bitcoins.

I get so sick of hearing this.
Bitcoinstore.com has over half a million products, 90% of which I can't find cheaper elsewhere.
Coinabul.com, bitcoincommodities.com sell precious metals at decent prices
Foodler.com, pizza4coins.com delivers food to your door

Those are just off the top of my head.  There are many more.  I pay for 95% of my online purchases with Bitcoin.

Bitcoinstore.com: "Lifetime Sales:$536,732 / 6,239 BTC."  More money passes through a walmart in a dead mall.  IN A DAY.
Coinabul.com, bitcoincommodities.com sell precious metals at decent prices:  If Bitcoin is a sound store of value, why would anyone bother with precious metals?  Irrelevant.
Foodler.com:  Instantly converts your Bitcoin to USD.  Sells nothing/makes nothing.  Protip:  Sell your Bitcoin for USD -- order from *any* restaurant/pay on delivery.
Pizza4coins.com:  Dead.  No pizza for me.

TL;DR:  Sorry, i can only think of two scenarios where Bitcoin is more convenient than $:  SR & gambling.  Possibly laundering money, though i wouldn't know.

[notme]

it is not game over, but it is not time to buy or hold. based on all the fundamentals, bitcoin is worth  A LOT LESS than 94x the dollar. Until oil(or major commodity) is sold for bitcoin, this is a speculative price that has no basis in reality.

I also think a bitcoin can be worth 0 dollars and still not be game over.

1 bitcoin can be worth 1 barrel of oil.

a dollar is worthless. . . a bitcoin is a global currency and is worth way more than 200 dollars.

Currency only has value if you can actually buy things.
Other than gambling and drugs, there isn't much you can currently buy with bitcoins.

I get so sick of hearing this.
Bitcoinstore.com has over half a million products, 90% of which I can't find cheaper elsewhere.
Coinabul.com, bitcoincommodities.com sell precious metals at decent prices
Foodler.com, pizza4coins.com delivers food to your door

Those are just off the top of my head.  There are many more.  I pay for 95% of my online purchases with Bitcoin.

Bitcoinstore.com: "Lifetime Sales:$536,732 / 6,239 BTC."  More money passes through a walmart in a dead mall.  IN A DAY.
Coinabul.com, bitcoincommodities.com sell precious metals at decent prices:  If Bitcoin is a sound store of value, why would anyone bother with precious metals?  Irrelevant.
Foodler.com:  Instantly converts your Bitcoin to USD.  Sells nothing/makes nothing.  Protip:  Sell your Bitcoin for USD -- order from *any* restaurant/pay on delivery.
Pizza4coins.com:  Dead.  No pizza for me.

TL;DR:  Sorry, i can only think of two scenarios where Bitcoin is more convenient than $:  SR & gambling.  Possibly laundering money, though i wouldn't know.

bitcoinstore- only a few months old, growing steadily
precious metals- ever heard of diversification
foodler.... it's cheaper than converting to USD first
pizzaforcoins.com.... sorry, wrong url... like I said, off the top of my head

But, keep yourself painted in the drugs and gambling box.  It will make coins cheaper for me.

Oh wait, if bitcoin is only god for drugs and gambling in your mind, why are you here?  Are you a gambler or a drug addict?

[notme]

I think the real difference of opinion here comes from you earning USD and needing to convert to bitcoin before you use it.  I earn mostly BTC, so I'm coming from a position of plenty of bitcoin and not so much USD.

Yes, a small portion of my btc income is from mining, but I also do programming work for people all over the world and prefer bitcoin.  It sure beats 6+% fees for paypal (regular fees plus currency conversion fees).

[crumbs]

it is not game over, but it is not time to buy or hold. based on all the fundamentals, bitcoin is worth  A LOT LESS than 94x the dollar. Until oil(or major commodity) is sold for bitcoin, this is a speculative price that has no basis in reality.

I also think a bitcoin can be worth 0 dollars and still not be game over.

1 bitcoin can be worth 1 barrel of oil.

a dollar is worthless. . . a bitcoin is a global currency and is worth way more than 200 dollars.

Currency only has value if you can actually buy things.
Other than gambling and drugs, there isn't much you can currently buy with bitcoins.

I get so sick of hearing this.
Bitcoinstore.com has over half a million products, 90% of which I can't find cheaper elsewhere.
Coinabul.com, bitcoincommodities.com sell precious metals at decent prices
Foodler.com, pizza4coins.com delivers food to your door

Those are just off the top of my head.  There are many more.  I pay for 95% of my online purchases with Bitcoin.

Bitcoinstore.com: "Lifetime Sales:$536,732 / 6,239 BTC."  More money passes through a walmart in a dead mall.  IN A DAY.
Coinabul.com, bitcoincommodities.com sell precious metals at decent prices:  If Bitcoin is a sound store of value, why would anyone bother with precious metals?  Irrelevant.
Foodler.com:  Instantly converts your Bitcoin to USD.  Sells nothing/makes nothing.  Protip:  Sell your Bitcoin for USD -- order from *any* restaurant/pay on delivery.
Pizza4coins.com:  Dead.  No pizza for me.

TL;DR:  Sorry, i can only think of two scenarios where Bitcoin is more convenient than $:  SR & gambling.  Possibly laundering money, though i wouldn't know.

bitcoinstore- only a few months old, growing steadily

When it grows up, i'll consider it.  Till that happy time -- $ is way simpler.

precious metals- ever heard of diversification

Sure have.  Though if you're sure, why would you want to hedge your bet?  Or... Are you not so sure?

foodler.... it's cheaper than converting to USD first

Huh?  You're saying that the only reason i have for using Bitcoin is the fact that it'll cost me money to cash out of Bitcoin   There's a strong endorsement!

pizzaforcoins.com.... sorry, wrong url... like I said, off the top of my head

But, keep yourself painted in the drugs and gambling box.  It will make coins cheaper for me.

So, you're saying you're still not all in?  You're ... waiting for cheaper coin?  Do you realize how much this sort of thing hurts Bitcoin valuation?

Oh wait, if bitcoin is only god for drugs and gambling in your mind, why are you here?  Are you a gambler or a drug addict?

What a strange thing to ask.  Is this the sort of research you do before investing your money?

[notme]

bitcoinstore- only a few months old, growing steadily

When it grows up, i'll consider it.  Till that happy time -- $ is way simpler.

precious metals- ever heard of diversification

Sure have.  Though if you're sure, why would you want to hedge your bet?  Or... Are you not so sure?

foodler.... it's cheaper than converting to USD first

Huh?  You're saying that the only reason i have for using Bitcoin is the fact that it'll cost me money to cash out of Bitcoin   There's a strong endorsement!

pizzaforcoins.com.... sorry, wrong url... like I said, off the top of my head

But, keep yourself painted in the drugs and gambling box.  It will make coins cheaper for me.

So, you're saying you're still not all in?  You're ... waiting for cheaper coin?  Do you realize how much this sort of thing hurts Bitcoin valuation?

Oh wait, if bitcoin is only god for drugs and gambling in your mind, why are you here?  Are you a gambler or a drug addict?

What a strange thing to ask.  Is this the sort of research you do before investing your money?

Bad troll is bad... you are reading things I didn't write.

[nviere]

Well doomsday didn't happen!

[webcoinx]

no game over sir..

game is only starting...