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Question: Will Bitcoin EVER be a stable currency?
Prolly yes - 15 (20.8%)
No - 8 (11.1%)
Maybe - 16 (22.2%)
Prolly not - 7 (9.7%)
Yes - 26 (36.1%)
Total Voters: 72

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Author Topic: Bitcoin has clearly failed  (Read 1540 times)
amanimoney
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September 12, 2011, 08:06:11 AM
 #1

Well I have been trading in Bitcoin for a couple of months now and the fact is, it is a High Risk Commodity, fit only for Forex style trading.  There is no way that this will ever make it as a usable currency.  The trend in Currency is towards stability in Gold, who's only surge is due to instability.  So then, what Bitcoin was supposed to address has been turned upon its own head - Bitcoin is now an even more frightening alternative than Fiat Currencies themselves.
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Gyom
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September 12, 2011, 09:12:46 PM
 #2

Wait, you say Bitcoin failed because it is "not a currency", but rather a commodity like "forex trading"?

Last time I checked, forex trading *IS* currency trading...
Cosbycoin
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September 12, 2011, 09:20:05 PM
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lets wait and see
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July 11, 2012, 11:34:46 PM
 #4

Well I have been trading in Bitcoin for a couple of months now and the fact is, it is a High Risk Commodity, fit only for Forex style trading.  There is no way that this will ever make it as a usable currency.  The trend in Currency is towards stability in Gold, who's only surge is due to instability.  So then, what Bitcoin was supposed to address has been turned upon its own head - Bitcoin is now an even more frightening alternative than Fiat Currencies themselves.
Boooooooooo.
Dr. Nakimoto
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July 11, 2012, 11:50:31 PM
 #5

1 Bitcoin will always be 1 Bitcoin. That's stable enough for me.

By letting it go it all gets done. The world is won by those who let it go. But when you try and try, the world is beyond the winning.

- Lao Tzu
Bitcoin Oz
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July 11, 2012, 11:57:21 PM
 #6

1 Bitcoin will always be 1 Bitcoin. That's stable enough for me.

+1

Its not bitcoin thats unstable its fiat.

I only ever buy bitcoin and cash it out for bitcoin services not go back to the steaming pile that is government fiat.

pekv2
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July 12, 2012, 12:01:42 AM
 #7

"Bitcoin has clearly failed"

Not another one, well maybe, keep on continuing with these threads so that it shows Bitcoin is succeeding. As long as ppl want to keep on using bitcoin, bitcoin will never fail. Ha, take that, Haters. Smiley
notme
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July 12, 2012, 12:03:11 AM
 #8

Clearly I imagined all those times I traded BTC for goods and goods for BTC.  Clearly.

https://www.bitcoin.org/bitcoin.pdf
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Gladamas
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July 12, 2012, 12:09:59 AM
 #9

Well I have been trading in Bitcoin for a couple of months now and the fact is, it is a High Risk Commodity, fit only for Forex style trading.  There is no way that this will ever make it as a usable currency.  The trend in Currency is towards stability in Gold, who's only surge is due to instability.  So then, what Bitcoin was supposed to address has been turned upon its own head - Bitcoin is now an even more frightening alternative than Fiat Currencies themselves.

I call trolling.

*hides*

But seriously, you don't give any reasoning that supports your conclusions - all you're saying is that we don't give an explaination into why Bitcoin will succeed, which we will provide.

It is decentralized, easily transferrable, liquid, maintains value over time, etc.

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Nemesis
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July 12, 2012, 12:13:05 AM
 #10

This is very confusing. Op are you contradicting yourself?
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July 12, 2012, 12:15:12 AM
 #11

1 Bitcoin will always be 1 Bitcoin. That's stable enough for me.

+1

Its not bitcoin thats unstable its fiat.

I only ever buy bitcoin and cash it out for bitcoin services not go back to the steaming pile that is government fiat.
Well now, that's just simply not true.

2 years ago, I could've bought a pizza for 40,000 BTC.  Today, it only costs me a couple.  Please show a comparable comparison of dollar value that shows more volatility.
sadpandatech
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July 12, 2012, 12:16:11 AM
 #12

Fail necro is fail...

 Bitcoin has clearly failed
September 12, 2011, 03:06:11 AM

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
Clipse
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July 12, 2012, 12:17:20 AM
 #13

It was posted with alot of emotions flowing through OP due to the bitcoin crash.

Good bye 2011.

...In the land of the stale, the man with one share is king... >> Clipse

We pay miners at 130% PPS | Signup here : Bonus PPS Pool (Please read OP to understand the current process)
Gladamas
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July 12, 2012, 12:26:55 AM
 #14

Oh wow I did not see the date this was posted... ya the crash caused a panic.

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pekv2
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July 12, 2012, 12:28:07 AM
 #15

Fail necro is fail...

 Bitcoin has clearly failed
September 12, 2011, 03:06:11 AM


Doesn't matter :p let us all still prove the point of  matter of the fact that bitcoin won't fail as long as users keep using it.
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July 12, 2012, 12:31:22 AM
 #16

bitcoin is not a currency, it is a token where people have an agreed upon understanding that 1btc = something.

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yogi
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Hamster ate my bitcoin


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July 12, 2012, 12:35:08 AM
 #17

Where's the option for alternative cryptocurrency will supersede bitcoin?

mccorvic
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July 12, 2012, 01:05:04 AM
 #18

Where's the option for alternative cryptocurrency will supersede bitcoin?

Ain't there for a reason, son.

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yogi
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Hamster ate my bitcoin


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July 12, 2012, 01:26:57 AM
 #19

Where's the option for alternative cryptocurrency will supersede bitcoin?

Ain't there for a reason, son.

What's the reason, dad?

Gladamas
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July 12, 2012, 01:37:11 AM
 #20

Where's the option for alternative cryptocurrency will supersede bitcoin?

Microcash?  Tongue

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