Bears thread - unleash the bear in you in this thread

[deisik]

As a US citizen I like to remind my fellow Americans that we are less than 5% of the world's population  and even that percentage is shrinking.

As long as the world economy is denominated in US dollars and all major exchanges trade in that currency, percentage of the world's population doesn't matter. As simple as that

By the way, I'm not a United States citizen...

[noedaRDH]

Do you guys think the results of the upcoming Nov 18th conference in DC will affect the price?

What if word gets out that the authorities are openly anti-Bitcoin?

[Pruden]

China awakens to stagnated prices: The sell-off that appeared inbound for the last 5 hours is materializing.

[deisik]

Do you guys think the results of the upcoming Nov 18th conference in DC will affect the price?

What if word gets out that the authorities are openly anti-Bitcoin?

Quotes usually already reflect the most possible outcome of such things even before the word gets out. Personally, I don't think the authorities will be that openly anti-Bitcoin, so the price shouldn't be much affected

[bits4books]

If it ever gets to be too much for any of you bears, just send me a PM and I'll buy them off your hands.

[Jungian]

If it ever gets to be too much for any of you bears, just send me a PM and I'll buy them off your hands.

Sure, how much do you offer above Stamp?

[User705]

If it is banned in the USA, the ban will have devastating repercussions throughout the world.

You need to get out of USA for a decade or so to realise how unimportant it actualy is. Start with BRIC countries.

These "free democracy" folks always forget how gold was forbidden by Roosevelt in 1933 

Did that affected anyone but USA? Not really.

Don't underestimate the amount of programming development in Bitcoin that occurs in the US.  Didn't Gavin Andersen state that if the US government told him to stop he would.  Not to discount the rest of the world but US has a lot to do with Bitcoin.  Both ETFs are there and lots of VC activity is in the US right now.  Outlawing gold didn't stop the gold mines elsewhere but I wouldn't be so sure that negative sentiment in the US will have little impact.

[deisik]

If it is banned in the USA, the ban will have devastating repercussions throughout the world.

You need to get out of USA for a decade or so to realise how unimportant it actualy is. Start with BRIC countries.

Didn't notice this comment of yours at first!
No, I'm not in the USA and have never been to, and yes, I reside in one of those BRIC countries, lol 

[SheHadMANHands]

If I wanted to see how many Nervous Nancy's I could get into a Bitcoin thread, this is the title I'd give it.

[MicroGuy]

This is another massive bubble! SELL SELL SELL, then grab your kids and ammo and head for the hills!! IMO 

[SheHadMANHands]

China awakens to stagnated prices: The sell-off that appeared inbound for the last 5 hours is materializing.

[theonewhowaskazu]

The two countries that are most important to Bitcoin are the US and china. China, because it has the most people (esp. most people intersted in Bitcoin), and US, because it has the most money because... well... it prints it all.

[TERA]

[Pruden]

China awakens to stagnated prices: The sell-off that appeared inbound for the last 5 hours is materializing.

If you felt upset when the market did the opposite of what you expected, you have not heard of stop-loss orders and margin trading.  I have more bitcoins, that are worth more, yet I was wrong by your standards.

[deisik]

The two countries that are most important to Bitcoin are the US and china. China, because it has the most people (esp. most people intersted in Bitcoin), and US, because it has the most money because... well... it prints it all.

China's population is poor on average and despite its tremendous numbers it is hard to tell how much ordinary people can buy (what would make it matter). So I doubt there's considerable interest in Bitcoin among chinese Jane and Joe...

[BarkinTree]

The two countries that are most important to Bitcoin are the US and china. China, because it has the most people (esp. most people intersted in Bitcoin), and US, because it has the most money because... well... it prints it all.

China's population is poor on average and despite its tremendous numbers it is hard to tell how much ordinary people can buy (what would make it matter). So I doubt there's considerable interest in Bitcoin among chinese Jane and Joe...

i agree with this. good to keep in perspective. this is being driven wild by speculators. this rally has very little to do with adoption.

[barbs]

This rally has allowed me to triple my USD. I've left the entire profits in coins which now have cost me 0.00$ + 0.00C even though I have pulled my investment back out.  I could be greedy and cash out like every speculator will but I'll keep my free BTC and send the fiat back home, win win

Thank you bit coin.  I'm glad I was able to do it this time instead of screaming TO DA MOON and selling nothing like in April and getting burned.

[BitchicksHusband]

The two countries that are most important to Bitcoin are the US and china. China, because it has the most people (esp. most people intersted in Bitcoin), and US, because it has the most money because... well... it prints it all.

China's population is poor on average and despite its tremendous numbers it is hard to tell how much ordinary people can buy (what would make it matter). So I doubt there's considerable interest in Bitcoin among chinese Jane and Joe...

But there are a lot of newly rich people in China that don't have any investments to put their savings in.  They don't have Fidelity.com offering 100,000 mutual funds and stocks.  They buy empty apartment buildings right now, because there is literally nothing to invest in.

If you want to shed your decade-outdated notions of China and see what is really going on right now and how much wealth they really have with nowhere to put it, watch this 60 Minutes segment:

http://www.cbsnews.com/video/watch/?id=50152767n

This is why people are getting out of real estate in China and into bitcoin.  And looking at all those apartments, don't expect it to stop anytime soon.

[deisik]

But there are a lot of newly rich people in China that don't have any investments to put their savings in.  They don't have Fidelity.com offering 100,000 mutual funds and stocks.  They buy empty apartment buildings right now, because there is literally nothing to invest in.

If you want to shed your decade-outdated notions of China and see what is really going on right now and how much wealth they really have with nowhere to put it, watch this 60 Minutes segment:

Hahaha... Decade-outdated notions of China, lolwat?
Wanna check your words (and mine)?

[BarkinTree]

pretty condescending stuff itt.... some obviously think very highly of themselves around here.