I am fucking panicking

[bitleif]

that's the ticket, keep ignoring anyone who doesn't see your grand vision of a future dominated by Bitcoin

"oh you don't think I'm right? Ignored!"

that is a surefired way to appeal to the masses

Daaw someone needs a hug. And I'm sure you can inform us of all the "surefired" ways to appeal to the masses on bitcoin.

[1714856575]

1714856575

[1714856575]

1714856575

[psybits]

the speculation bubble is deflating.. just like last time. it will be in the 50s in a month or two. that is what happens when you have more sellers then buyers.
everyone is quickly realizing that there is little point in buying bitcoin right now unless you plan to speculate. and the speculators are drying up. so get the
hype machine rolling again guys. you need fresh meat.

Actually the exchange rate has nothing to do with Bitcoin's intrinsic worth as a disruptive technology / art experiment

[psybits]

that's the ticket, keep ignoring anyone who doesn't see your grand vision of a future dominated by Bitcoin

"oh you don't think I'm right? Ignored!"

that is a surefired way to appeal to the masses

Daaw someone needs a hug. And I'm sure you can inform us of all the "surefired" ways to appeal to the masses on bitcoin.

lol now I can see what you said ha ha.

Swearing, being rude, racist, slamming homeless people any sane person would ignore you.

[hate_the_face]

that's the ticket, keep ignoring anyone who doesn't see your grand vision of a future dominated by Bitcoin

"oh you don't think I'm right? Ignored!"

that is a surefired way to appeal to the masses

Daaw someone needs a hug. And I'm sure you can inform us of all the "surefired" ways to appeal to the masses on bitcoin.

Actually I can't because there isn't any

I accept this, the majority of you do not

at least I'm not sitting here in a fantasy world

[fcmatt]

the speculation bubble is deflating.. just like last time. it will be in the 50s in a month or two. that is what happens when you have more sellers then buyers.
everyone is quickly realizing that there is little point in buying bitcoin right now unless you plan to speculate. and the speculators are drying up. so get the
hype machine rolling again guys. you need fresh meat.

Actually the exchange rate has nothing to do with Bitcoin's intrinsic worth as a disruptive technology / art experiment

True. But this is the speculation forum area talking about panicking and the price relative to USD.

And finicky internet users, in a very short amount of time, can switch to something else that is not bitcoin. Making it a footnote in internet history.

Can anyone really blame someone who panics that has 1000 BTC and what happens with the price over a few months time? One month it is worth 250,000 USD. Enough
to buy a nice house in many places. Two months later it can only buy the land the house sits on. Two months from now it might only buy a 30,000 dollar vehicle
which seems to be the most likely scenario that will play out this year. Whenever you have price swings like that rampant speculation is the cause. And often the case
ends up being most take a loss. We run out of greater fools to buy.

So the advice given earlier about only risking what you can afford to lose and not worry about is the only sane advice I can think of when talking about bitcoin. And
if you are only dabbling with those kind of values you will never win big. That is where greed comes in, the fools, and the few winners. Ah, good times.

Anyway... I have come to the conclusion that the only ones making real money around here are gambling, drug, pool, and exchange sites for the most part. They are
just sucking people dry in a steady fashion and laughing to the bank. The few speculators who actually sold near the top just sit back and chuckle at these threads.
They know the biggest fools just hold until the value of their asset goes to nothing. Always afraid to get out with a loss and ride it to the bottom.

[majamalu]

The few speculators who actually sold near the top just sit back and chuckle at these threads.
They know the biggest fools just hold until the value of their asset goes to nothing. Always afraid to get out with a loss and ride it to the bottom.

The top used to be US$ 1, then US$ 30, then US$ 260 ...

[ElectricMucus]

The few speculators who actually sold near the top just sit back and chuckle at these threads.
They know the biggest fools just hold until the value of their asset goes to nothing. Always afraid to get out with a loss and ride it to the bottom.

The top used to be US$ 1, then US$ 30, then US$ 260 ...

There will also be a final top, even in the case Bitcoin survives the dollar.

[MAbtc]

all people asked for was some kind of legitimate reason to use bitcoins instead of fiat currencies for anything besides spending on TOR, and you give us that.

This.

everyone is quickly realizing that there is little point in buying bitcoin right now unless you plan to speculate. and the speculators are drying up. so get the
hype machine rolling again guys. you need fresh meat.

This.

Actually the exchange rate has nothing to do with Bitcoin's intrinsic worth as a disruptive technology / art experiment

Cool story, but not really relevant.

[psybits]

I gave legitimate reasons in my post that was responded to with swearing and racism.

You probably need to be educated to really understand what I was saying.

Some people just don't "get" Bitcoin and if they don't it's not my problem  

[psybits]

Just released today: http://kipochi.com/blog/kipochi-launches-first-bitcoin-wallet-in-africa-with-m-pesa-integration

...

[hate_the_face]

I gave legitimate reasons in my post that was responded to with swearing and racism.

You probably need to be educated to really understand what I was saying.

Some people just don't "get" Bitcoin and if they don't it's not my problem  

lol I know you won't read this but it sort if IS your problem when you and the collective Bitheads of the world try and fail horribly to challenge fiat currencies at their own game

Btc had its niche, and now greed has driven it away from that. People who aren't in it for profits have moved on, as well as some people who ARE in it for profits.

Either way, the Titanic stayed afloat for a while before going under, but everyone in steerage probably thought they still had a chance to survive, while the important people at the top all got into lifeboats first.

I'm sure you think you would be a lifeboat-worthy person, but if only you knew how far from the truth that is

[MAbtc]

I gave legitimate reasons in my post that was responded to with swearing and racism.

You probably need to be educated to really understand what I was saying.

Some people just don't "get" Bitcoin and if they don't it's not my problem  

For real? You certainly didn't respond to much of my post. I will rebut you now, but considering your incessant whining about "swearing" and repetition of the same "revolution" talk, I'd drop the attitude. If you want to educate us, please go ahead. But don't repeat the same baseless shit over and over when someone rebuts you. Yeah, that's right. I said "shit." When someone asks about utility, no one cares about an "art experiment." If you want to spread gospel, take it outside the speculation forum, because we're not all pigs here.

A few quick examples but really you guys should do more research!

That we disagree ≠ I haven't done research.

- There are invisible barriers to entry for people from many countries (especially in Africa and the Middle East) where it is virtually impossible for people to open a Paypal account. Artists, authors, entrepreneurs and more can easily accept payment in Bitcoin for their services from anyone anywhere in the world.

- Paypal and Visa transaction fees make micropayments (payments under $1 US) virtually impossible. These are easy, fast and convenient with BTC so for example someone can accept micro payment donations on their blog.

Again, that people can use bitcoin as currency doesn't mean that the unbanked and those who otherwise use mobile payments don't prefer services like payza, m-pesa, fortumo, text2pay, impulsepay, junglepay, onebip, boku, zong, venmo, dwolla, or dozens of other mobile services... or prepaid cards linked to digital wallets. There's only 11 million bitcoin addresses; zong has served triple that number of customers alone. Paypal has moved into mobile payments as well -- where is it "virtually impossible" to open an account? All you need is a phone and an email address.

Re fees, some of these services allow for free/cheap micropayments, or at least schedules that rival or best bitcoin. With e-commerce, these providers often charge the customer no transaction fees and instead pass them on to the merchant. Payza users can receive up to $400 a month free (sending money is free), which is significant in re to remittances. Certainly beats 7% or 15% you might pay on a single bitcoin micropayment, since you bring it up. Admittedly, once you start taking in enough money, you'll get hit with 25 cent transaction fees, which means you probably wouldn't want to receive less than ~$1.50 - $2 at a time to stay in that range. If you use Paypal as a digital wallet (not as a merchant), then transferring money to friends and family is free. Outside the US, 0.5% to 2%, tops. So let's say I want to pay someone $.50. If BTC=$100, and tx fee = .0005, you pay 10% / $.05 with bitcoin. With Paypal, 2% or less / $.01 or less.

Yeah, Paypal wins.

- Bitcoin is the first P2P currency in the history of the world and the first decentralized currency to have a value which is not tied to any one nation state. In terms of the evolution of humanity I see this as an amazing thing. It is the first truly global currency which ANYONE can participate in and accept payment in quickly and easily.

This "bitcoin revolution" stuff doesn't add anything. Like other web/mobile payment systems, you can send/receive money virtually instantly to an electronic address. Yes, it's not tied to a government -- but we're talking about utility here, not political philosophy and idealism.

[SOSLOVE868]

I gave legitimate reasons in my post that was responded to with swearing and racism.

You probably need to be educated to really understand what I was saying.

Some people just don't "get" Bitcoin and if they don't it's not my problem  

For real? You certainly didn't respond to much of my post. I will rebut you now, but considering your incessant whining about "swearing" and repetition of the same "revolution" talk, I'd drop the attitude. If you want to educate us, please go ahead. But don't repeat the same baseless shit over and over when someone rebuts you. Yeah, that's right. I said "shit." When someone asks about utility, no one cares about an "art experiment." If you want to spread gospel, take it outside the speculation forum, because we're not all pigs here.

A few quick examples but really you guys should do more research!

That we disagree ≠ I haven't done research.

- There are invisible barriers to entry for people from many countries (especially in Africa and the Middle East) where it is virtually impossible for people to open a Paypal account. Artists, authors, entrepreneurs and more can easily accept payment in Bitcoin for their services from anyone anywhere in the world.

- Paypal and Visa transaction fees make micropayments (payments under $1 US) virtually impossible. These are easy, fast and convenient with BTC so for example someone can accept micro payment donations on their blog.

Again, that people can use bitcoin as currency doesn't mean that the unbanked and those who otherwise use mobile payments don't prefer services like payza, m-pesa, fortumo, text2pay, impulsepay, junglepay, onebip, boku, zong, venmo, dwolla, or dozens of other mobile services... or prepaid cards linked to digital wallets. There's only 11 million bitcoin addresses; zong has served triple that number of customers alone. Paypal has moved into mobile payments as well -- where is it "virtually impossible" to open an account? All you need is a phone and an email address.

Re fees, some of these services allow for free/cheap micropayments, or at least schedules that rival or best bitcoin. With e-commerce, these providers often charge the customer no transaction fees and instead pass them on to the merchant. Payza users can receive up to $400 a month free (sending money is free), which is significant in re to remittances. Certainly beats 7% or 15% you might pay on a single bitcoin micropayment, since you bring it up. Admittedly, once you start taking in enough money, you'll get hit with 25 cent transaction fees, which means you probably wouldn't want to receive less than ~$1.50 - $2 at a time to stay in that range. If you use Paypal as a digital wallet (not as a merchant), then transferring money to friends and family is free. Outside the US, 0.5% to 2%, tops. So let's say I want to pay someone $.50. If BTC=$100, and tx fee = .0005, you pay 10% / $.05 with bitcoin. With Paypal, 2% or less / $.01 or less.

Yeah, Paypal wins.

- Bitcoin is the first P2P currency in the history of the world and the first decentralized currency to have a value which is not tied to any one nation state. In terms of the evolution of humanity I see this as an amazing thing. It is the first truly global currency which ANYONE can participate in and accept payment in quickly and easily.

This "bitcoin revolution" stuff doesn't add anything. Like other web/mobile payment systems, you can send/receive money virtually instantly to an electronic address. Yes, it's not tied to a government -- but we're talking about utility here, not political philosophy and idealism.

BITCOIN for 100% control of your fund, and nobody can take it from you, and even the government can't , in addition if during the war , you local currency will be useless and if you use bitcoin ,you can always save your money no matter what happen to your government....this just revolution ,the first time ever we could 100% secure or fund ,no matter what happen with our country.

[DaSheep]

... There's only 11 million bitcoin addresses;

There are 2^256 bitcoin addresses.
Just a example of how much 2^256 is:
If you would split each of the possible 21 million bitcoins in single satoshis and place them in their own bitcoin address, the probability of guessing such an address would still be 1.813595x10^-62

[MAbtc]

... There's only 11 million bitcoin addresses;

There are 2^256 bitcoin addresses.
Just a example of how much 2^256 is:
If you would split each of the possible 21 million bitcoins in single satoshis and place them in their own bitcoin address, the probability of guessing such an address would still be 1.813595x10^-62

I thought it would have been clear that I meant the number of bitcoin addresses used (nevermind that 90% of them are empty), not the theoretical limit. I was under the impression that there were 2^160 possible (2^256 for public keys).

Though digging around I may have been looking at old stats... I believe the 11 million number was from April 2013.

[Stunna]

First time I read your post I saw one of my ads offer some advice 

[psybits]

I gave legitimate reasons in my post that was responded to with swearing and racism.

You probably need to be educated to really understand what I was saying.

Some people just don't "get" Bitcoin and if they don't it's not my problem  

For real? You certainly didn't respond to much of my post. I will rebut you now, but considering your incessant whining about "swearing" and repetition of the same "revolution" talk, I'd drop the attitude. If you want to educate us, please go ahead. But don't repeat the same baseless shit over and over when someone rebuts you. Yeah, that's right. I said "shit." When someone asks about utility, no one cares about an "art experiment." If you want to spread gospel, take it outside the speculation forum, because we're not all pigs here.

A few quick examples but really you guys should do more research!

That we disagree ≠ I haven't done research.

- There are invisible barriers to entry for people from many countries (especially in Africa and the Middle East) where it is virtually impossible for people to open a Paypal account. Artists, authors, entrepreneurs and more can easily accept payment in Bitcoin for their services from anyone anywhere in the world.

- Paypal and Visa transaction fees make micropayments (payments under $1 US) virtually impossible. These are easy, fast and convenient with BTC so for example someone can accept micro payment donations on their blog.

Again, that people can use bitcoin as currency doesn't mean that the unbanked and those who otherwise use mobile payments don't prefer services like payza, m-pesa, fortumo, text2pay, impulsepay, junglepay, onebip, boku, zong, venmo, dwolla, or dozens of other mobile services... or prepaid cards linked to digital wallets. There's only 11 million bitcoin addresses; zong has served triple that number of customers alone. Paypal has moved into mobile payments as well -- where is it "virtually impossible" to open an account? All you need is a phone and an email address.

Re fees, some of these services allow for free/cheap micropayments, or at least schedules that rival or best bitcoin. With e-commerce, these providers often charge the customer no transaction fees and instead pass them on to the merchant. Payza users can receive up to $400 a month free (sending money is free), which is significant in re to remittances. Certainly beats 7% or 15% you might pay on a single bitcoin micropayment, since you bring it up. Admittedly, once you start taking in enough money, you'll get hit with 25 cent transaction fees, which means you probably wouldn't want to receive less than ~$1.50 - $2 at a time to stay in that range. If you use Paypal as a digital wallet (not as a merchant), then transferring money to friends and family is free. Outside the US, 0.5% to 2%, tops. So let's say I want to pay someone $.50. If BTC=$100, and tx fee = .0005, you pay 10% / $.05 with bitcoin. With Paypal, 2% or less / $.01 or less.

Yeah, Paypal wins.

- Bitcoin is the first P2P currency in the history of the world and the first decentralized currency to have a value which is not tied to any one nation state. In terms of the evolution of humanity I see this as an amazing thing. It is the first truly global currency which ANYONE can participate in and accept payment in quickly and easily.

This "bitcoin revolution" stuff doesn't add anything. Like other web/mobile payment systems, you can send/receive money virtually instantly to an electronic address. Yes, it's not tied to a government -- but we're talking about utility here, not political philosophy and idealism.

I was referring to hate the face's swearing.

You make some interesting points (unlike hate the face) but I just don't have time to research and respond to each one.

However, on the Paypal worldwide page it does state "Send and receive payments in these countries. Withdraw from your PayPal account to a U.S. bank account.

I doubt someone in Botswana has a US bank account.

We take so much for granted.

Anyone, anywhere in the world can get a BTC wallet in 2 seconds and begin sending and receiving BTC to anyone, anywhere else on the planet. If you can't see the beauty of this you're in the wrong forum.

In re to utility I actually find BTC far, far easier to use than traditional online banking services and apparently so do a lot of other people.

[MAbtc]

I was referring to hate the face's swearing.

You make some interesting points (unlike hate the face) but I just don't have time to research and respond to each one.

However, on the Paypal worldwide page it does state "Send and receive payments in these countries. Withdraw from your PayPal account to a U.S. bank account.

I doubt someone in Botswana has a US bank account.

We take so much for granted.

No, look closer. Like bitcoin, no bank accounts needed. If the liquidity is there, there is no need for banking. It's just cheaper.

In re to utility I actually find BTC far, far easier to use than traditional online banking services and apparently so do a lot of other people.

That's cool, I guess, but you saying so doesn't really make it so. I think I've made a case for why the former generally isn't true for most people. "A lot" doesn't really mean anything, does it? What is "a lot" relative to the rest of the mobile/cloud payment industry, or the banking industry?

[psybits]

That is to send to their paypal account not to be able to withdraw it to a bank accunt!

That is just saying someone in those countries can open a paypal account but they cannot withdraw the cash to a bank account in their country!

Anyone can open a BTC wallet in 2 seconds, it is a level playing field there is no red tape and no BS.

[MAbtc]

That is to send to their paypal account not to be able to withdraw it to a bank accunt!

That is just saying someone in those countries can open a paypal account but they cannot withdraw the cash to a bank account in their country!

Anyone can open a BTC wallet in 2 seconds, it is a level playing field there is no red tape and no BS.

Dude. Are you serious? You are telling me that you can use bitcoins for P2P payments. I am telling you that you can do the same thing with Paypal, cheaper, in all of the places that you claimed that people couldn't. The only thing that matters is liquidity -- and there is no question that mobile/web payments providers will continue to ramp up services in developing countries.

You can't withdraw BTC to a bank account in your country, can you? Much of this discussion is about people without bank accounts. I really don't see where you are going with this. The point is that people can exchange value cheaply without banks.