FreeMonies
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Activity: 14
Merit: 0
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September 07, 2011, 03:44:06 AM |
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there's no way bitcoin is over! It's the currency of the future. Sure some kinks need to be ironed out, but i'm sure thats once they are bc will be stronger for it.
everyday people are joining the bc phenomenon, new businesses are accepting bc, and soon bc is sure to be a household name. It's because of this FACT that I'm working on implementing a way to accept bc for my space program. once the haters are gone we'll be able to really get things ramped up. keep your eyes open people, this thing can only go up from here!
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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Cosbycoin
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September 12, 2011, 10:07:32 PM |
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There are new alt-chains you can make money off of. But if you're out, you're out.
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Stalin-chan
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September 12, 2011, 10:24:04 PM |
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Summary of topic, people aren't using bitcoin as a currency just as a scheme to make (insert your current federal denomination here).
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vanDeGraph
Newbie
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Activity: 12
Merit: 0
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September 12, 2011, 10:34:13 PM |
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The only thing thats over is the early spec bubble. Once Bitcoins become more useful for your average (stupid) user to make purchases they'll regain traction. Hard to say when they'll bottom out though.
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zer0
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September 12, 2011, 11:26:56 PM |
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I just need bitcoin to be stable for a few hours while I accept payments. Customer sends me payment, I cash out instantly and usually don't lose any money, sometimes gain a little which covers BTC to LR or cash costs. So hasn't 'failed' for me, although better stability would be good for escrow.
Could care less about speculating rackets or HYIPs
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BitcoinSEC
Newbie
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Activity: 34
Merit: 0
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September 13, 2011, 12:09:37 AM |
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Its not over
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Dargo
Legendary
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Activity: 1820
Merit: 1000
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September 13, 2011, 01:16:12 AM |
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It's funny that there is such a loud cry of cynicism on this forum...bitcoins are doomed, turn off your rigs, never make any money, no hope for a vibrant economy...and yet the network hashrate has hardly budged (so far at least). 12.5 Th/s says this ain't done yet.
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worldinacoin
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September 13, 2011, 02:42:46 AM |
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I mine for the fun of it, so it is not too bad for me. But I feel that currency trading can be avoided, but we should all encourage the use of bitcoin whenever we can?
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zjbcoins
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Activity: 8
Merit: 0
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September 13, 2011, 03:47:53 AM |
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Seems to be working just fine for me...
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BitcoinTourist
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Activity: 5
Merit: 0
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November 06, 2011, 06:19:10 PM |
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Still going  |
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cbeast
Donator
Legendary
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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November 06, 2011, 11:21:02 PM |
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The second wind is coming. Wait for it.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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kdomanski
Newbie
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Activity: 10
Merit: 0
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November 07, 2011, 12:17:06 AM |
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What BitCoin needs now is rapid growth of the number of services and goods one can buy with BTC. Without that, it's impossible for BTC to fulfill it's purpose.
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BitBlitz
Sr. Member
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Activity: 285
Merit: 250
Turning money into heat since 2011.
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November 07, 2011, 12:56:16 AM |
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What BitCoin needs now is rapid growth of the number of services and goods one can buy with BTC. Without that, it's impossible for BTC to fulfill it's purpose.
Exactly! |
I see the value of Bitcoin, so I don't worry about the price...
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payb.tc
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November 07, 2011, 01:18:33 AM |
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What BitCoin needs now is rapid growth of the number of services and goods one can buy with BTC. Without that, it's impossible for BTC to fulfill it's purpose.
while that would be good, i also think simply having another speculative bubble would show people it's not over yet. |
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traderjose
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Activity: 8
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November 07, 2011, 06:36:09 PM |
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^ agreed
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kdomanski
Newbie
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Activity: 10
Merit: 0
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November 07, 2011, 06:55:59 PM |
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What BitCoin needs now is rapid growth of the number of services and goods one can buy with BTC. Without that, it's impossible for BTC to fulfill it's purpose.
while that would be good, i also think simply having another speculative bubble would show people it's not over yet. What's not over? Speculation? BitCoin is good when it costs $30, and it's good when it costs $0.5. The only ones that care about value are those, who care about $$$, not BTC. The only problem with the current price is it's huge instability, and the only way to solve that is to expand BitCoin economy. |
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PatrickHarnett
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November 07, 2011, 07:34:30 PM |
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What BitCoin needs now is rapid growth of the number of services and goods one can buy with BTC. Without that, it's impossible for BTC to fulfill it's purpose.
while that would be good, i also think simply having another speculative bubble would show people it's not over yet. What's not over? Speculation? BitCoin is good when it costs $30, and it's good when it costs $0.5. The only ones that care about value are those, who care about $$$, not BTC. The only problem with the current price is it's huge instability, and the only way to solve that is to expand BitCoin economy. One of the best things about BTC is it's huge instability. |
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Anillos
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November 07, 2011, 08:10:55 PM |
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If you don't like it, don't use it unplug & sell your mining rig.  |
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BadBear
v2.0
Legendary
Offline
Activity: 1652
Merit: 1127
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November 09, 2011, 05:00:55 PM |
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not really because the btc economy will have 'ups and downs' like a normal economy but will rebound faster because its smaller, anyways if people just start selling that will drive the price down and then people will start to buy because they will be so cheap ... I think
Problem is, what happens when the price goes back down again, and everyone who would buy them just because they are cheap, have already bought them? No interested buyers left and the price stagnates and continues to drop. You'll see a few rallies, which will be sold into hard and killed by people who bought too early/miners who want to sell before the price drops again. |
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bittenbob
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November 10, 2011, 01:27:45 AM |
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I think naturally the price of a bitcoin will settle around the cost of the electricity to mine them. Coincidentally it costs more to produce a bitcoin than it is worth right now so I think eventually it should settle out around $5/BTC. Of course if the new ATI 7xxx series performs as well as the current 6xxx series for mining with half the electricity costs it might be at its stabilized value now. Electricity costs have zero effect on my willingness to mine since I live in an apartment and my landlord recently decided to jack my rent by $40 instead of the $8 which was prescribed for this year. If I can spend an extra $60/month on mining purely out of spite I will.
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