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Author Topic: Bitcoin will never reach $20 again  (Read 36925 times)
jtimon
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August 05, 2011, 11:21:27 PM
 #121

$9.55

I would say that the current price is in part caused by this attack.

2 different forms of free-money: Freicoin (free of basic interest because it's perishable), Mutual credit (no interest because it's abundant)
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RandyFolds
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August 05, 2011, 11:45:35 PM
 #122


DNA testing also came about in the 80s, blossomed to full capability in the 90s and is used extensively today. Should we expect the average person to not understand that either? The world changes, sometimes fast sometimes slow, it's important for people of all ages to keep up with at least the most dramatic and important of those changes, or at least put in the effort. The correct answer for the computer illiterate is not "I don't know and I'm OK with that" - the correct answer is "I don't know, so maybe I should learn."

To make sure I'm 100% clear: I don't expect everyone to be a computer whiz, I'm questioning the societal attitude that allows them to simply not try.


Whoa now fella...you think the average person does understand DNA testing? Maybe they have a concept of the end result from what they saw on television, but they have no fucking clue what is actually happening. This is perhaps the stupidest analogy I have ever seen drawn.

It is completely unnecessary to interact with computers on a personal level on a day to day basis. Ask anyone's grandparents. The social attitude that allows them to 'simply not try' is that they will be dead before it matters. My grandpa didn't wear a seatbelt his whole fucking life, amassed dozens of tickets for it, and died without ever having regularly used one, despite everyone who knew him trying their hardest to convince him that it was the simplest thing you could do to protect yourself. That was just a seatbelt. You think he was going to be picking up 'googling' just because of your 17-year-old self-righteous indignation?

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FlipPro
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August 05, 2011, 11:49:28 PM
 #123


DNA testing also came about in the 80s, blossomed to full capability in the 90s and is used extensively today. Should we expect the average person to not understand that either? The world changes, sometimes fast sometimes slow, it's important for people of all ages to keep up with at least the most dramatic and important of those changes, or at least put in the effort. The correct answer for the computer illiterate is not "I don't know and I'm OK with that" - the correct answer is "I don't know, so maybe I should learn."

To make sure I'm 100% clear: I don't expect everyone to be a computer whiz, I'm questioning the societal attitude that allows them to simply not try.


Whoa now fella...you think the average person does understand DNA testing? Maybe they have a concept of the end result from what they saw on television, but they have no fucking clue what is actually happening. This is perhaps the stupidest analogy I have ever seen drawn.

It is completely unnecessary to interact with computers on a personal level on a day to day basis. Ask anyone's grandparents. The social attitude that allows them to 'simply not try' is that they will be dead before it matters. My grandpa didn't wear a seatbelt his whole fucking life, amassed dozens of tickets for it, and died without ever having regularly used one, despite everyone who knew him trying their hardest to convince him that it was the simplest thing you could do to protect yourself. That was just a seatbelt. You think he was going to be picking up 'googling' just because of your 17-year-old self-righteous indignation?
"They" don't think any of this is cool Cheesy...

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Crazy
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August 05, 2011, 11:52:44 PM
 #124

I, for one, am thoroughly versed in the discipline of DNA testing, as are all my immediate peers. I mean, who isn't? I'm surprised so many of you neanderthals would lack such a necessary understanding of our double helix essence. How do you continue to exist?
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August 06, 2011, 02:10:31 AM
 #125

I, for one, am thoroughly versed in the discipline of DNA testing, as are all my immediate peers. I mean, who isn't? I'm surprised so many of you neanderthals would lack such a necessary understanding of our double helix essence. How do you continue to exist?

Perhaps we should find a high point with lots of foot traffic underneath and spit on the plebes below for being so goddamn stupid.

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August 06, 2011, 04:02:44 AM
 #126

Ah, the plebes. As I puff on my pipe reading this fine online literature, I can recall the days of mingling with these common folk. Those were the days.
RandyFolds
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August 06, 2011, 04:04:15 AM
 #127

Ah, the plebes. As I puff on my pipe reading this fine online literature, I can recall the days of mingling with these common folk. Those were the days.

Now, we've got canes:

http://www.youtube.com/watch?v=OPQrXUpvkuc&feature=related

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Oldminer
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August 06, 2011, 05:44:37 AM
 #128

Ah, the plebes. As I puff on my pipe reading this fine online literature, I can recall the days of mingling with these common folk. Those were the days.

I lol'd  Grin

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
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August 06, 2011, 01:43:01 PM
 #129

It is funny how all the bitcoin fans are trying to change the topic of this thread.  They'd rather lose money than heed my advice.  The plunge continues. 

$8.80

When BTC soars, you need to be READY!  PM me to learn more about my new e-book, How to Create and Profit from the Second Bitcoin Bubble available exclusively to BTC forum members!

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August 06, 2011, 01:50:36 PM
 #130

It is funny how all the bitcoin fans are trying to change the topic of this thread.  They'd rather lose money than heed my advice.  The plunge continues. 

$8.80

Glad you care about us. /endsarcasm
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August 06, 2011, 01:52:10 PM
 #131

It is funny how all the bitcoin fans are trying to change the topic of this thread.  They'd rather lose money than heed my advice.  The plunge continues. 

$8.80

Glad you care about us. /endsarcasm

Along with several others, I have been warning people to get out for about a month now.

When BTC soars, you need to be READY!  PM me to learn more about my new e-book, How to Create and Profit from the Second Bitcoin Bubble available exclusively to BTC forum members!

17JzkreEBYNHQM9tMTiUKCHANofwzHRLhP
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August 06, 2011, 01:54:19 PM
 #132

It is funny how all the bitcoin fans are trying to change the topic of this thread.  They'd rather lose money than heed my advice.  The plunge continues. 

$8.80

where do you think it will stabilize?
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August 06, 2011, 01:56:14 PM
 #133

It is funny how all the bitcoin fans are trying to change the topic of this thread.  They'd rather lose money than heed my advice.  The plunge continues. 

$8.80

where do you think it will stabilize?

Between $0 and $1...probably on the lower end. 

When BTC soars, you need to be READY!  PM me to learn more about my new e-book, How to Create and Profit from the Second Bitcoin Bubble available exclusively to BTC forum members!

17JzkreEBYNHQM9tMTiUKCHANofwzHRLhP
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August 06, 2011, 01:58:04 PM
 #134

It is funny how all the bitcoin fans are trying to change the topic of this thread.  They'd rather lose money than heed my advice.  The plunge continues. 

$8.80

where do you think it will stabilize?

Between $0 and $1...probably on the lower end. 

How soon? within the year?
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August 06, 2011, 01:59:39 PM
 #135

It is funny how all the bitcoin fans are trying to change the topic of this thread.  They'd rather lose money than heed my advice.  The plunge continues. 

$8.80

where do you think it will stabilize?

Between $0 and $1...probably on the lower end. 

How soon? within the year?


I am not sure really...my advice is simply to sell.  I will let you know if my advice changes to buy, but since this thread, the value has plunged almost 50% with very few if any uptick days.

When BTC soars, you need to be READY!  PM me to learn more about my new e-book, How to Create and Profit from the Second Bitcoin Bubble available exclusively to BTC forum members!

17JzkreEBYNHQM9tMTiUKCHANofwzHRLhP
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August 06, 2011, 02:02:15 PM
 #136

$8.01 now..about a 10% plunge in the last 20 minutes.

When BTC soars, you need to be READY!  PM me to learn more about my new e-book, How to Create and Profit from the Second Bitcoin Bubble available exclusively to BTC forum members!

17JzkreEBYNHQM9tMTiUKCHANofwzHRLhP
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August 06, 2011, 02:04:13 PM
 #137

But why you care ?! It's their money. Noone bought bitcoins hoping they will be worth less in the future so they can lose money. People bought, thinking its a good project and they like it so much that they are willing to put their money on the line. I don't understand why anyone should have a problem what some random person does with their money or time.

Lets say price drops to $5.00 and I buy some coins. Do you think I would care what some random monkey spews on some forum? Nope. At that price/moment I decided that my risk/reward is in my favor and I put my own money at risk. I wouldn't care if everyone would be msg me that I'm stupid. If it would drop more I would add more coins while forum monkeys would laugh at me, typing pages and pages how much money I have lost. It's not their money, so why would anyone care. If they get a kick out of posting shit like that, let them.



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August 06, 2011, 02:06:44 PM
 #138

I care because I don't like to see people lose money recklessly, especially when their rationality is suspended by illusions of easy money.

When BTC soars, you need to be READY!  PM me to learn more about my new e-book, How to Create and Profit from the Second Bitcoin Bubble available exclusively to BTC forum members!

17JzkreEBYNHQM9tMTiUKCHANofwzHRLhP
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August 06, 2011, 02:21:22 PM
 #139

OK BTC Economist, so let me try this way.  Lets say I'm well off, nice house, cars, business, family. Business makes me $350k per year after tax for the last 15 years, still growing steadily 10% yoy. Price of bitcoin is at $5.00 and I have a buy order of 1k willing to add 1k every $0.50 down to $1.50 where I would stop adding to my position. I would hold forever. If all would fill I have $26k on the line, with practically small chance of ever make it back.

Do you think I would care what your opinion is? Who are you? Are you a top trader at SAC ? You ever work at least at GS ?? Do you own a $10 mill yacht and will fly me out and explain to me why I shouldn't risk this $26k I'm willing to put on the line, because I like this bitcoin idea? Why should I listen to you what I do with less than a month of profits?
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August 06, 2011, 02:26:14 PM
 #140

I care because I don't like to see people lose money recklessly, especially when their rationality is suspended by illusions of easy money.
Do you realize that you are just anonymous voice on the internet? you can easily have your own interests in driving cost down. And logical thinking tells that when someone preaches something, most of the time they don't do it out of sheer kindness especially considering the fact that this is very similar to the wild west and gold rush - everyone trying to get a piece.
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