Lost my faith

[bitcoinscanada]

I'm afraid I've lost my faith in Bitcoin. Somebody save me..

[rikur]

I'm afraid I'm lost my faith in Bitcoin. Somebody save me..

Quoted for year 2018, when Bitcoin is worth more than USD 100 000 each (if USD still exists..)

[grue]

I'm afraid I'm lost my faith in Bitcoin.

>no reasons given
>lucrative question
nice bait

[Anon136]

I'm afraid I'm lost my faith in Bitcoin. Somebody save me..

good, you should never have faith in anything. faith is the antithesis of reason and evidence.

[Anon136]

good, you should never have faith in anything. faith is the antithesis of reason and evidence.

I have more faith in gold.. but I appreciate what Bitcoin is trying to achieve.

is it just me or is this the sort of reply a computer program would come up with?

please look at my comment and your reply and see if you can explain to me why it doesn't make sense.

[Littleshop]

>no reasons given

I believe central banks will buy bitcoin and therefore control it's destiny.

This would fail and be hugely beneficial to most current bitcoin holders. 

[Anon136]

is it just me or is this the sort of reply a computer program would come up with?

Umm.. I'm not a computer program, but interesting observation.

ok now can you answer the other half of my last comment please.

[nottm28]

is it just me or is this the sort of reply a computer program would come up with?

Umm.. I'm not a computer program, but interesting observation.

Have you checked that?

[CurbsideProphet]

I'm not selling the BTC I hold, just in case..

You should be alright then.  If it takes off, you'll reap some of the benefit, if it crashes and burns, you had good foresight.  Bitcoin is still very early in its develop and is subject to substantial risk, we all need to individually assess our own risk tolerance and make our decisions accordingly.

[franky1]

I'm afraid I've lost my faith in Bitcoin. Somebody save me..

thats because you are reading the high price which is always volatile.. check out the monthly low price.. you will see there is a constant rise. the low price is more of the indicator of true value and growth indicators.. the high price is just pure speculation and should be ignored for long term investors

[franky1]

is it just me or is this the sort of reply a computer program would come up with?

Umm.. I'm not a computer program, but interesting observation.

ok now can you answer the other half of my last comment please.

I believe that central banks can buy/sell bitcoins in volume to manipulate the price, as they do with precious metals certificates. Banks have no control over physical metals.

central banks play about with investments using peoples money. they are only allowed to play about with peoples money on certain legal exchanges such as the NYSE LSE etc. they cant just withdraw peoples money, throw it into dwolla/moneygram to then play the mtgox market.

BUT private investment companies CAN play up and manipulate MTGOX/Bitstamp

[nottm28]

is it just me or is this the sort of reply a computer program would come up with?

Umm.. I'm not a computer program, but interesting observation.

Have you checked that?

Does not compute.. does not compute..

Now I'm suspicious. A real ellipses has three dots ...

[Anon136]

I'm afraid I've lost my faith in Bitcoin. Somebody save me..

thats because you are reading the high price which is always volatile.. check out the monthly low price.. you will see there is a constant rise. the low price is more of the indicator of true value and growth indicators.. the high price is just pure speculation and should be ignored for long term investors

wow franky that's really smart. i never thought about it that way.

[grue]

Just because no one here seems to notice: THIS GUY IS BAITING FOR REPLIES. STOP FEEDING HIM.

I believe that central banks can buy/sell bitcoins in volume to manipulate the price, as they do with precious metals certificates. Banks have no control over physical metals.

>>>/r/conspiracy
>>>/x/
>>>infowars.com
>>>theIlluminatiZionistLiberalMediaCIATruth.org

Also, what makes you think that if they can manipulate bitcoins and metal certificates, they can't manipulate physical metals?

Now I'm suspicious. A real ellipses has three dots ...

You're doing it wrong: …
It's supposed to be one character.

[Severian]

I believe that central banks can buy/sell bitcoins in volume to manipulate the price, as they do with precious metals certificates.

They're already doing it. Coinbase is a Goldman Sachs operation. The Big Dogs are quietly trying to accumulate as many bitcoins as they can without driving the price up. At the same time, banks are making it difficult for smaller bitcoin businesses like Mtgox and others to use the banking system.

I have great faith in Bitcoin's concept and the crypto behind it. I have no faith in the majority of Bitcoin's users and developers to have an inkling about who and what they're up against.

[nottm28]

I have great faith in Bitcoin's concept and the crypto behind it. I have no faith in the majority of Bitcoin's users and developers to have an inkling about who and what they're up against.

me too

[Anon136]

I believe that central banks can buy/sell bitcoins in volume to manipulate the price, as they do with precious metals certificates.

They're already doing it. Coinbase is a Goldman Sachs operation. The Big Dogs are quietly trying to accumulate as many bitcoins as they can without driving the price up. At the same time, banks are making it difficult for smaller bitcoin businesses like Mtgox and others to use the banking system.

I have great faith in Bitcoin's concept and the crypto behind it. I have no faith in the majority of Bitcoin's users and developers to have an inkling about who and what they're up against.

why do you think coinbase is a "goldman sachs operation"?

[nottm28]

I believe that central banks can buy/sell bitcoins in volume to manipulate the price, as they do with precious metals certificates.

They're already doing it. Coinbase is a Goldman Sachs operation. The Big Dogs are quietly trying to accumulate as many bitcoins as they can without driving the price up. At the same time, banks are making it difficult for smaller bitcoin businesses like Mtgox and others to use the banking system.

I have great faith in Bitcoin's concept and the crypto behind it. I have no faith in the majority of Bitcoin's users and developers to have an inkling about who and what they're up against.

why do you think coinbase is a "goldman sachs operation"?

It prolly is...

[papaminer]

I'm afraid I've lost my faith in Bitcoin. Somebody save me..

thats because you are reading the high price which is always volatile.. check out the monthly low price.. you will see there is a constant rise. the low price is more of the indicator of true value and growth indicators.. the high price is just pure speculation and should be ignored for long term investors

+1 this

[Severian]

why do you think coinbase is a "goldman sachs operation"?

Fred Ehrsam joins Coinbase

Prior to joining Coinbase, Fred worked at Goldman Sachs as a foreign exchange trader, where he traded both manually and managed their electronic market making platform, supporting in the $ billions in flow a day.  Fred has also worked at BlackRock, one of the largest asset managers in the world, and has been published in the Duke Journal of Economics.  Fred graduated with latin honors and departmental distinction in computer science and economics at Duke.

I find it hard to believe that a young man would leave a promising career at GS to work at a shitty little startup. He's been tasked to get bitcoins.

The Blackrock connection is a giveaway. They're the Jesuits of Money.