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Author Topic: Has there been a time when you nearly lost your faith in Bitcoin?  (Read 2629 times)
Ficus86
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December 12, 2013, 02:39:19 PM
 #21

i entered the bitcoin market like a week ago (before the bank of china news) when btc were at 1100$, so right now i'm a bit sad Sad

i believe in btc, so i will keep my btc anyway, but it saddens me to see that they go down for no reason (=speculation) Sad

visionary
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December 12, 2013, 02:50:56 PM
 #22

i first buy bitcoin when it is 5$, i have never doubte the bicoin
BTCisthefuture
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December 12, 2013, 03:06:28 PM
 #23

Back when it was still like a dollar or two I started to think it would never catch on. Moved on and lost all my coins in the process last year when I started hearing rumblings in the news about it again. I now think it has a ton of potential for merchants, consumers, and the micro transaction industry.

Hourly bitcoin faucet with a gambling twist !  http://freebitco.in/?r=106463
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December 12, 2013, 03:21:45 PM
 #24

2014

bitpop
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December 12, 2013, 03:22:59 PM
 #25

I thought it was end game when usa seized mt Gox bank account. Can you guys believe how quickly we got past that?  Sadly I sold a lot.

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December 12, 2013, 03:23:59 PM
 #26

Not in Bitcoin.

But in it's users? Yes, sometimes.

All previous versions of currency will no longer be supported as of this update
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December 12, 2013, 04:07:45 PM
 #27

Not in Bitcoin.

But in it's users? Yes, sometimes.

Haha, such is with everything that involves humans. Never underestimate the stupidity of people... they never cease to surprise me.

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hayek
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December 12, 2013, 04:11:01 PM
 #28

Every time the price goes up and a large influx of new people join and spout off their dumb shit Keynesian economics crap I lose faith in Bitcoin.

Then I remember Bitcoin don't care.
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December 12, 2013, 04:44:31 PM
 #29

I never lost my faith in Bitcoins. They are brilliantly designed and for that reason alone I believe they will last for the foreseeable future. In regards to the fluctuations in price, they are a cryptocurrency, and thus cursed to suffer price fluctuations beyond that of a normal investment. It comes with the nature of Bitcoin and cannot be helped.
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December 12, 2013, 06:44:50 PM
 #30

I lose my faith all the time, everyday I wonder if it will go out of style and all be pretty much over, but then I just think about how useful it is.
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December 13, 2013, 01:23:10 AM
 #31

i entered the bitcoin market like a week ago (before the bank of china news) when btc were at 1100$, so right now i'm a bit sad Sad

i believe in btc, so i will keep my btc anyway, but it saddens me to see that they go down for no reason (=speculation) Sad



Markets will always go up and down. Bitcoin goes up a lot, and then down (relatively) a little. Don't forget it was at an all time high of $266 just a few months ago.

Just hang in there. It will recover and far surpass the $1100 you paid.

Be sad, sure, that's natural, but advice to anyone thinking of getting out because the price has dropped 20% from ATH ..... don't, you'll regret it big-time within 2 months.
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December 13, 2013, 01:49:14 AM
 #32

I don't have faith in Bitcoin anymore because it's a fraud. No I'm not a Troll, I gave it a chance. I think it's a scam to bring in a new one world currency. The Fed Reserve wants this. JP Morgan Chase wants this. The tyrants of Wallstreet want this. China wants this. Can this not be any clearer? Even the so called "Bitcoin Foundation" are kissing the boots of the illegitimate government to regulate it and use it for their needs...The coverage has been everywhere on this despite other topics of greater concern are ignored. So this stinks to high hell and I'm done for the most part. I think other elements of survival in this Brave New World are more reassuring like metal, ammo, and etc.
They always ignore topics of great concern in the media, nothing new there, nothing bitcoin can really do about that either short term.
It also really depends on what you want Bitcoin to be, were the money of the future is to broad for me. I see it more as the transition currency, just enough tricks in its bag to keep government happy enough to not enforce it to be changed. (they can trace all the money, however they don't control it) And since this is a crypto currency, its going to be real easy to trade for other crypto currencies. Meaning the currency where they can't even trace your money anymore, can be right around the corner. However, if it pops up before we got the government hooked on bitcoin... it might turn badly. The moment governments are hooked, we'll reach the point of no return. (were they can't really go back to fiat anymore, as no-one would accept it) Then you can spawn a full anonymous currency, and there will be nothing they can do to stop it. So bitcoin is very important.

All the other elements of survival you would need anyway Smiley As far as money goes, its smart to diversify. If the end of the world hits, and you happen to meet a nerd in a bunker, you'll be happy you brought bitcoins and not just only gold Smiley

"All Your Base Are Belong To Us" by CATS
empoweoqwj
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December 13, 2013, 02:02:28 AM
 #33

I don't have faith in Bitcoin anymore because it's a fraud. No I'm not a Troll, I gave it a chance. I think it's a scam to bring in a new one world currency. The Fed Reserve wants this. JP Morgan Chase wants this. The tyrants of Wallstreet want this. China wants this. Can this not be any clearer? Even the so called "Bitcoin Foundation" are kissing the boots of the illegitimate government to regulate it and use it for their needs...The coverage has been everywhere on this despite other topics of greater concern are ignored. So this stinks to high hell and I'm done for the most part. I think other elements of survival in this Brave New World are more reassuring like metal, ammo, and etc.
They always ignore topics of great concern in the media, nothing new there, nothing bitcoin can really do about that either short term.
It also really depends on what you want Bitcoin to be, were the money of the future is to broad for me. I see it more as the transition currency, just enough tricks in its bag to keep government happy enough to not enforce it to be changed. (they can trace all the money, however they don't control it) And since this is a crypto currency, its going to be real easy to trade for other crypto currencies. Meaning the currency where they can't even trace your money anymore, can be right around the corner. However, if it pops up before we got the government hooked on bitcoin... it might turn badly. The moment governments are hooked, we'll reach the point of no return. (were they can't really go back to fiat anymore, as no-one would accept it) Then you can spawn a full anonymous currency, and there will be nothing they can do to stop it. So bitcoin is very important.

All the other elements of survival you would need anyway Smiley As far as money goes, its smart to diversify. If the end of the world hits, and you happen to meet a nerd in a bunker, you'll be happy you brought bitcoins and not just only gold Smiley

I'm intrigued - what are two nerds going to do with their bitcoins in a bunker, play bitcoin chess? Smiley I think I'd rather have a tin of beans stockpiled (unfortunate for everyone else) than bitcoins. Bitcoins would stop working anyway because the Interweb would be down  Wink
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December 13, 2013, 08:16:13 PM
 #34

Not in Bitcoin.

But in it's users? Yes, sometimes.

And that feeling is normal.
We make some wonderful systems , we manage to create Utopia on paper , but when is comes to actually building it we fuck it up real good.

If ever Bitcoin will fail  , the stupidity of humans will be the major factor. And we're the top race on the stupidity chain on this planet.


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December 13, 2013, 08:22:23 PM
 #35

Nah, when you understand how Bitcoin works it's natural to have a rollercoaster ride in the early stages, but that will smooth out eventually.
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December 14, 2013, 02:29:21 AM
 #36

Not in Bitcoin.

But in it's users? Yes, sometimes.

And that feeling is normal.
We make some wonderful systems , we manage to create Utopia on paper , but when is comes to actually building it we fuck it up real good.

If ever Bitcoin will fail  , the stupidity of humans will be the major factor. And we're the top race on the stupidity chain on this planet.



More greed and wish to retain power than stupidity ..... but I guess greed and powermongering are forms of stupidity in themselves.
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