It's over. Bitcoin is finished.

[cAPSLOCK]

Nurse Rached is hawt.

Thanks for saving the thread.

[CoinGeneral]

People that sold low are going to regret it a few months down the road. This is a good time for any 'Bitcoin Newbie' to get in while prices are below $800!!

See you



 

[Mjbmonetarymetals]

I think there are plans to create a Federal (FED)crypto 1.25 trillion will initially be issued followed by 85billion mined per month - I can't see it catching on.

[lindatess]

... buying opportunity

Back above 1200 by March-April. Some bigger money is getting itself well-positioned, it is how each phase has played out as the total capitalisation value allows bigger players to enter ... as the previous (smaller) fish are trying to exit ...

Good luck, I'd rather wait until it actually starts rising.

If it doesn't rise, then you could be waiting years. Don't forget the opportunity cost of money.

Idiot.

Opportunity cost of holding money has been all fiat negative since bitcoin was created .... how does that compute?

Wrong you clearly don't understand that any currency or commodity has time value.  There are real interest rates. So,  effectively you assume everyone just puts money in a mattress...........

Strawman Arguments..... You win.  Lol

[maxxoccupancy]

The Fed is a privately owned bank, owned by a handful of powerful Wall Street cartels that also own the media and almost everything else.  

Bitcoin is still riding high because the Chinese are still buying them up more rapidly than they can be produced.

[niniyo]

The whole "bitcoin is money" thing needs time to solidify in peoples minds.  This could potentially take decades or centuries to achieve the same kind of trust that something like gold has.  We are so early in Bitcoin's history, that it's easy to flip your mind from "bitcoin is money" to "bitcoin is worthless".  The truth is that no one knows if bitcoin really will prove to be money over the long term.

When the price grows 10x in 1 month, suddenly we're supposed to have 10x the confidence in it, which is really hard to do for such a new and complicated technology.  Doubts will emerge in peoples minds and they will sell, creating the boom/bust cycles we see.

The more years bitcoin spends with a high valuation, the less of a "house of cards" it will feel like, and the more confidence people will put in it.  If it can last 30 years, I think people will really start to value it highly.

The future is uncertain, but it is far from over.

[maxxoccupancy]

True.  For gold, silver, platinum, copper, nickel, palladium, and others, when there's a blackout or the Internet gets shut down, they still offer purchasing power.

Of course, when things really get hairy, nothing beats a small family farm.

[Arksun]

This is such early days still, it's like starting a thread saying your sons failed his university degree.... when he's still 4 months old.

[jones31]

Although bitcoin is far from finished it was a big hit and everyone that doesn't see that is just a fool.
It was a hit because it remind it to everyone how volatile bitcoin still is and negative press will focus on that from now on.

As far as I'm concerned this is a good thing. Bitcoin isn't yet ready for adoption by the mass public. The number of transactions per second it can handle is tiny. The minimum transaction fee is static and not easily able to float with the changing BTC value. We don't yet have secure hardware wallets which can generate addresses, store addresses, and sign transactions all completely offline. There aren't any well-known reliable producers of ASIC miners which are shipping immediately. There are relatively few well-known exchanges, and even fewer which are convenient to use. 85% of the hashing power is controlled by 11 miners/pools. These 11 miners/pools are all using software which heavily derived from, if not outright duplicative of, a single software implementation. The pool systems rely on the fact that people are using the standard software or at least aren't gaming the system to their personal advantage. Etc. Etc.

The number of transactions , currently 7tps can be easily improved raising the block limits. Although it is not necessary now.
The fee it's not static , and there isn't a minimum transaction fee. There is a 27Kb space for free transactions in each block. Also the minimum fee can be easily changed.

[blacksails]

It's impossible for the USD to collapse anytime soon. Too many countries have large reserves in it to let it fail.

*facepalm*

"The USD is just too bloated, big, fat, unhealthy and out of shape to have a heart attack"

And, thanks to Obamacare, a nurse is on standby.

I wanted to see her dead at the end of that movie...


But anyway, stop spreading FUD and spamming the forum with prophesies like "Bitcoin is going to die", "Bitcoin is crashing". Nobody wants to read such things, and they are never true anyway (haven't been so far). F*ck of OP and everyone else who spreads lies using new accounts. (rage of the day)

[Moogle]

The last bubble was bitcoin's last hope for establishing itself, now that it's crashed in the middle of the media spotlight, no one will have confidence in it anymore. Have fun holding the last tulip when it all comes crashing down. Serves the gullible idiots right for buying into a ponzi scheme posing as a fake currency.

might wanna google what a ponzi scheme is. doesnt really fit the description of bitcoin. we all know its very volatile. of course something that gained value 10 fold in the space of a month is going to come back down and even out at a lower price...

tool :/

[papaminer]

RENAME THE THREAD:

 It's over.  lm2f's dumbness is finished.

[BittBurger]

By the exchanges who take in real money and give out monopoly money in return. And guess what, you can't cash out. It's all just a big scam. I've had a friend who tried to cash out from coinbase and got an email saying his money won't be processed for 24 months.

Guess why they picked 24 months, statute of limitations.  

I didnt even make it past this post (Page 2).  But im pretty sure you got your ass handed to you on a platter after this comment.

Why are all bitcoin detractors totally wrong in their facts ... 100% of the time?

I cashed out $60,000 through coinbase three weeks ago.   

And that was on a Litecoin investment that quadrupled, (which I then sold for Bitcoin and cashed out).

Be happy to provide proof.

[allthingsluxury]

I highly doubt bitcoin is "finished".

[Mjbmonetarymetals]

Please go away and watch this - http://youtu.be/qHUPPYzzZrI

[Spaceman_Spiff]

As far as I'm concerned this is a good thing. Bitcoin isn't yet ready for adoption by the mass public. The number of transactions per second it can handle is tiny. The minimum transaction fee is static and not easily able to float with the changing BTC value. We don't yet have secure hardware wallets which can generate addresses, store addresses, and sign transactions all completely offline. There aren't any well-known reliable producers of ASIC miners which are shipping immediately. There are relatively few well-known exchanges, and even fewer which are convenient to use. 85% of the hashing power is controlled by 11 miners/pools. These 11 miners/pools are all using software which heavily derived from, if not outright duplicative of, a single software implementation. The pool systems rely on the fact that people are using the standard software or at least aren't gaming the system to their personal advantage. Etc. Etc.

Agreed, we could use some time to build out the infrastructure.  We are indeed not ready for mass adoption yet.

Oh, and OP, did you manage to keep any of your friends/internet buddies from buying bitcoin in 2011?  How grateful are they to you right now?  
But that doesn't matter right, because bitcoin is going to crash to zero soon enough... any minute now.... 3... 2.... 1,5... 1,4....

[GriTBitS]

Sounds like someone bought at 1200 and sold at 550!

[traderCJ]

So if BTC was finished, I officially declare this to be a "zombie market".

[beetcoin]

back at $900, it's soo finished guys. just sell off the remainder of your coins and call it a game. nazis have travelled from the 1940's to take bitcoin over.. run for the hills, or if you were smart enough, your bunkers in the hills!

[traderCJ]

OP was online today.  Wonder why he isn't babysitting his awesome thread anymore?