I'm glad BTC is crashing

[cdnbcguy]

because it blows out all the johnny-come-lately trendoid bandwagon-jumpers.

They can go back to saving the moose or something.

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[Lethn]

lol I'm glad too actually, this kind of thing does force out all the weak hands, soon we'll see more careful investors coming in and it will be used more as a currency rather than a get rich quick investment which is also good news for merchants like me.

[bene]

most retarded thing I read in a while, congrats OP.

isn't the whole point of bitcoin to spread it?

[franky1]

i agree with OP.
i have read too many threads, private messages and other notes from people with no clue about bitcoin, and no intention to learn the ethos of bitcoin, they just want to stay as a FIAT sheep and make a quick buck in the Bitcoin field before going back to graze in the FIAT field again. hopefully these kind of people have lost their nerve and moved back to gold speculating.

lets now bring in the true bitcoin enthusiasts that want to expand bitcoin to then help expand their pockets. instead of expanding their pockets by sucking life out of bitcoin.

most retarded thing I read in a while, congrats OP.

isn't the whole point of bitcoin to spread it?

isnt the whole point of AIDS, to be spread? but do we want to do this, no as it is not good for society.
bitcoin is not just about spreading it around, its about giving people the informed choice and allowing merchants to choose what is best by informing them of all the information.

i feel there has been too much spreading bitcoin ignorantly, which leads the ill informed to get involved with something that they dont understand enough to utilise fully. hense they panic at the smallest piece of propaganda and run like hell.

[TPN]

Quite frankly I enjoy this crash

[VforVictory]

It forces people to realise that Gox is a piece of crap, and has always been a piece of crap. So now the price can stabilise. >_>

[Sonny]

I just want to buy some cheap coins lol. 

[bythesea]

isnt the whole point of AIDS, to be spread? but do we want to do this, no as it is not good for society.
bitcoin is not just about spreading it around, its about giving people the informed choice and allowing merchants to choose what is best by informing them of all the information.

i feel there has been too much spreading bitcoin ignorantly, which leads the ill informed to get involved with something that they dont understand enough to utilise fully. hense they panic at the smallest piece of propaganda and run like hell.

You are comparing BTC to AIDS? How can you even compare those two things, while we are spreading things that are in now way associated to BTC lets spread love also, Ebola, Dengue fever....  If its not good why are you using it then, well considering you are a part of society?
Merchants? Sorry but what? Now it is practically impossible to make BTCs using miners ( you can but it will take way too long ), so you can mine LTC and other more profitable coins and its on a person who needs them to buy them for cash or exchange for other currency ( BTC for example ).

People who enter this "game" by reading on forums, or they are told by a friend to invest... don't have large amounts so they can't effect price like " big players " that have few millions in BTC, and people who have that much are not stupid to lose 20-30% by selling and running like scary little rabbits...

[bene]

isnt the whole point of AIDS, to be spread? but do we want to do this, no as it is not good for society.
bitcoin is not just about spreading it around, its about giving people the informed choice and allowing merchants to choose what is best by informing them of all the information.

i feel there has been too much spreading bitcoin ignorantly, which leads the ill informed to get involved with something that they dont understand enough to utilise fully. hense they panic at the smallest piece of propaganda and run like hell.

You didn't do more classes in school than a train has, did you?


if you were right, uninformed users is still better than no users.
the point is, there is no proof that it's uninformed users who are dumping BTC what is causing the price drop. that's just an assumption based on your ignorance.

[franky1]

isnt the whole point of AIDS, to be spread? but do we want to do this, no as it is not good for society.
bitcoin is not just about spreading it around, its about giving people the informed choice and allowing merchants to choose what is best by informing them of all the information.

i feel there has been too much spreading bitcoin ignorantly, which leads the ill informed to get involved with something that they dont understand enough to utilise fully. hense they panic at the smallest piece of propaganda and run like hell.

You are comparing BTC to AIDS? How can you even compare those two things, while we are spreading things that are in now way associated to BTC lets spread love also, Ebola, Dengue fever....  If its not good why are you using it then, well considering you are a part of society?
Merchants? Sorry but what? Now it is practically impossible to make BTCs using miners ( you can but it will take way too long ), so you can mine LTC and other more profitable coins and its on a person who needs them to buy them for cash or exchange for other currency ( BTC for example ).

People who enter this "game" by reading on forums, or they are told by a friend to invest... don't have large amounts so they can't effect price like " big players " that have few millions in BTC, and people who have that much are not stupid to lose 20-30% by selling and running like scary little rabbits...

i did write a couple paragraphs of waffle but decided to keep it short.

for me bitcoins is like sex, alot of fun, involves more then one person to be fully useful and although governments like to talk about the negatives, the risks and like to wrap laws around different parts of the activity. it is something everyone should try. but i do find that informing other people of the activity should be done with explaining the risks, looking at the persons own experiences and advising them of the right route to take to gain the most out of the experience.
where as i see so many people just shout out to ignore the risks, and jump in unprotected. thinking that people somehow automatically know when to pull out at the right time without causing harm.

and as for you thinking this is just a game and that mining/buying bitcoins is the only way... you are part of the issue i speak of.. no grasp of the full picture or all of the information.

[guybrushthreepwood]

It forces people to realise that Gox is a piece of crap, and has always been a piece of crap. So now the price can stabilise. >_>

What does this have to do with gox? And I think people already know how crap it is.

[Frost000]

For selfish reasons, I'm glad the price is crashing a little but it's always good to get people to "jump on the bandwagon", so to speak.

Anything that increases awareness can be seen as good and may even help in shooting the price back up.

[hilariousandco]

For selfish reasons, I'm glad the price is crashing a little but it's always good to get people to "jump on the bandwagon", so to speak.

Anything that increases awareness can be seen as good and may even help in shooting the price back up.

What reasons are those? You wanting to buy more?  . I'm sure it'll bounce back fairly quickly any way.

[Frost000]

For selfish reasons, I'm glad the price is crashing a little but it's always good to get people to "jump on the bandwagon", so to speak.

Anything that increases awareness can be seen as good and may even help in shooting the price back up.

What reasons are those? You wanting to buy more?  . I'm sure it'll bounce back fairly quickly any way.

Exactly! And I'll be doing that sometime today...

[manobra]

Time to Buy!

[bythesea]

isnt the whole point of AIDS, to be spread? but do we want to do this, no as it is not good for society.
bitcoin is not just about spreading it around, its about giving people the informed choice and allowing merchants to choose what is best by informing them of all the information.

i feel there has been too much spreading bitcoin ignorantly, which leads the ill informed to get involved with something that they dont understand enough to utilise fully. hense they panic at the smallest piece of propaganda and run like hell.

You are comparing BTC to AIDS? How can you even compare those two things, while we are spreading things that are in now way associated to BTC lets spread love also, Ebola, Dengue fever....  If its not good why are you using it then, well considering you are a part of society?
Merchants? Sorry but what? Now it is practically impossible to make BTCs using miners ( you can but it will take way too long ), so you can mine LTC and other more profitable coins and its on a person who needs them to buy them for cash or exchange for other currency ( BTC for example ).

People who enter this "game" by reading on forums, or they are told by a friend to invest... don't have large amounts so they can't effect price like " big players " that have few millions in BTC, and people who have that much are not stupid to lose 20-30% by selling and running like scary little rabbits...

i did write a couple paragraphs of waffle but decided to keep it short.

for me bitcoins is like sex, alot of fun, involves more then one person to be fully useful and although governments like to talk about the negatives, the risks and like to wrap laws around different parts of the activity. it is something everyone should try. but i do find that informing other people of the activity should be done with explaining the risks, looking at the persons own experiences and advising them of the right route to take to gain the most out of the experience.
where as i see so many people just shout out to ignore the risks, and jump in unprotected. thinking that people somehow automatically know when to pull out at the right time without causing harm.

and as for you thinking this is just a game and that mining/buying bitcoins is the only way... you are part of the issue i speak of.. no grasp of the full picture or all of the information.

Sex is kinda like game, in which both sides win. Or one sides loses if its bad at it. So you clearly confirmed that BTC is also a game Not all countries and governments have the same saying about BTCs so you can't apply one rule to them, if USA says ( example: who ever uses BTCs as a way of paying for services he/she is risking  20 years prison ) then the price will drop, but if some God forbidden countries does that, there will be no impact. People who know the risk are the only key players here, people who can risk loosing money while having it enough to not be effected, people who can barely buy 5-10BTC are not the major part.

Yes I do think BTCs and everything around it should be looked as a kind of a game, where you have winner and a looser, you can either earn millions if you sell on time, or lose millions if you wait for the right price, that's a gamble some are willing to take. No one really knows the full picture of BTCs, and telling you do is a lie. So don't act so smart and all knowing.

[Dafar]

It forces people to realise that Gox is a piece of crap, and has always been a piece of crap. So now the price can stabilise. >_>

This is the only thing good about this crash... I hope Gox is done away with soon.


But I would like to see another bullish uptrend, it's been a minute

[yatsey87]

Crashes don't bother me, but I'd rather the price be steady or go the other way.

[hilariousandco]

For selfish reasons, I'm glad the price is crashing a little but it's always good to get people to "jump on the bandwagon", so to speak.

Anything that increases awareness can be seen as good and may even help in shooting the price back up.

What reasons are those? You wanting to buy more?  . I'm sure it'll bounce back fairly quickly any way.

Exactly! And I'll be doing that sometime today...

But what if they keep going down? I've got a friend who has been waiting to buy back in as he sold his coins and has been stuck in dollars, but he never knows when to jump back in because he's scared they'll keep going down.

[bythesea]

For selfish reasons, I'm glad the price is crashing a little but it's always good to get people to "jump on the bandwagon", so to speak.

Anything that increases awareness can be seen as good and may even help in shooting the price back up.

What reasons are those? You wanting to buy more?  . I'm sure it'll bounce back fairly quickly any way.

Exactly! And I'll be doing that sometime today...

But what if they keep going down? I've got a friend who has been waiting to buy back in as he sold his coins and has been stuck in dollars, but he never knows when to jump back in because he's scared they'll keep going down.

That is a risk you have to be willing to take. Even if he buys now for 730$ and the price drops to 600$ he will only lose money if he sells for that price. But if the price goes up and over what he payed for them, he will learn. Not everyone is good and has luck in gambling.