total scam

[fleabag]

Okay answer this: WHO is making money? When something for the most part just goes up and everyone is enjoying the ride someone has to be on the other side losing their ass right?

[Kreigyr]

Okay answer this: WHO is making money? When something for the most part just goes up and everyone is enjoying the ride someone has to be on the other side losing their ass right?

Something tells me this is partly early adopters with a bajjilionty coins, partly more recent would-be investors balking at the price hike, and to a larger extent alot of back-and-forth with speculators and bots.

[HappyBitCoinUser]

Have you ever heard of stock market or bubbles?

You should probably research about that stuff first before getting into BitCoin.

Its basically the same thing.

So you are surprised the price can come down after it goes up? Really?

[Sage]

you call this a currency?? hits $900 then down $300 joke

... unlike the Federal Reserve scam which relentlessly extracts wealth from you through inflation, day in day out... for your entire life. (Or until you get smart enough to do all your biz in Cryptos, outside of that system, which is the biggest scam the world has ever seen.)

[antimattercrusader]

Okay answer this: WHO is making money? When something for the most part just goes up and everyone is enjoying the ride someone has to be on the other side losing their ass right?

Not really, not until we experience a crash. In this case, due to bitcoins usefulness, I think we'll see steady reliable gains. Sure, there are moments of absurdity like yesterday and people who buy at an all time high twice that of the prior day, then panic sell when it corrects will loose their ass, but they're also probably panic bought without knowing anything about what bitcoin stands for - they're kind of like sheep following the herd trying to get on the get-rich train and those people piss me off, better off send them to Las Vegas. Those people will find a way to loose their ass no matter what they do.

Anyway, back to the point - No, in an increasing market, it's not a fundamental requirement that people loose money so others can gain it.

[Mjbmonetarymetals]

These wild price moves will stabalise in time until then just enjoy the ride  

[Kreigyr]

Have you ever heard of stock market or bubbles?

You should probably research about that stuff first before getting into BitCoin.

Its basically the same thing.

So you are surprised the price can come down after it goes up? Really?

As a user of a currency, I would gladly take notice of massive price swings like this and possibly question the use of the currency.

I'm still a happy, happy investor.

[antimattercrusader]

Yes, but these are growing pains. Right now you are correct, bitcoin does appear to be more of an investment tool than currency but that will change.

[Kreigyr]

Yes, but these are growing pains. Right now you are correct, bitcoin does appear to be more of an investment tool than currency but that will change.

I understand the necessity of this stage, but we won't go anywhere until there are just enough crazy people like us using the currency - crazy people accepting this as a currency and not a crazy, one-off mega-investment tool. I'm not at that point, personally, and I doubt most people here are, but we will get to the point where it's a currency.

As I quote from someone on this forum: we're at the beginning of the "e" in "early adoption." It's going to take a long while, but it'll be fun as hell for anyone on the ride.

Let's get going.

[BitcoinAshley]

Op wants growth in a new market without volatility. OP WANTS TO HAVE HIS CAKE AND EAT IT TOO.

 

[Kreigyr]

Op wants growth in a new market without volatility. OP WANTS TO HAVE HIS CAKE AND EAT IT TOO.

 

I want a Corvette without leather seats  

But really, I think OP is just kneejerking to the absolutely hilarious volatility we have right now. I don't know about you but I like iiiiit.

[antimattercrusader]

haha yeah, without bitcoin volatility I would suddenly realize my life is boring and without meaning.

... and I'm only half joking. *Gulp* LOL

[Hagglefaen]

You know, bubbles tend to burst.

[bitcoinBull]

Yes, but these are growing pains. Right now you are correct, bitcoin does appear to be more of an investment tool than currency but that will change.

I disagree. Its been a speculation/investment tool from day 1 and I don't expect it will ever change. People thought it had reached stability at $5, haha. Now its over $500 and just as volatile. Even the gold market is volatile. Bitcoin will never be stable. Volatility is your friend, embrace it.

[xzempt]

someone bought high... lol

[grue]

gr8b8m8

[bitcoinminer]

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In this FREE course you'll learn the following:

- Charles Ponzi - Why government intervention is a bad thing
- Pyramid Schemes - Are they for me?
- Inverse Investing - learn how to BUY HIGH and SELL LOW!
- The Egg Basket - if you can't put all of your eggs in it, why buy an egg basket?
- Bernie Madoff - Misunderstood Genius

You get the complete 5 part series, for FREE, and only need to pay the transaction fee.

[ImI]

you call this a currency?? hits $900 then down $300 joke

i think you better leave bitcoin-land as long as you still are able to

[gaston909]

TopTIP: Deposit all your coins in coinlenders for great returns and good times!

[BittBurger]

Please.  Everyone liquidate your coins.  Get out while you can !!!!!!!!!!!!

Because every one of you that bought at 200, sold at 500 in fear, and now will never afford to get back in?  

You just made my coins that much more valuable.

He who holds through the ups and downs will be King.

Only the strong survive.