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Author Topic: No rally?  (Read 2798 times)
Melbustus
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August 31, 2014, 07:08:24 PM
 #21

This will be my only response to you directly. You frankly do not deserve even one, but I'm a nice guy.


...

don't find any excuses, why bitcoin is dropping so hard?

goxed,no one with a college degree will invest any serious sums into bitcoin after MTGOX fiasco, The market is currently only a playground for gamblers and fanatics

I have two Ivy-League degrees. Many of my well-educated friends are bitcoin bulls. In my experience, the weakest minds tend to be the most dismissive, and see only the short-term.


51% pool (easy came easy gone easy return)

The market self-corrects that overblown threat every time.


crackers and governments and shit having 1200k coins(mtgox 200k, Ross Ulbricht 140k, crackers: 850k)

Your figures are just wrong. 200k Gox coins will be distributed to creditors, the 650k missing BTC is more than likely looong since sold.


no new money

Uh, Gabi, SecondMarket, Pantera... Furthermore, investment ebbs and flows.


governments warning and banning

Has been *expected* since the beginning. Read the threads from 2010. If anything, the response from nearly every government has been FAR less hostile than anyone anticipated.


many scam IPOs including Ethereum and others

I agree with your implication that the app-coins are probably not, as a set, good investments, but most are not scams in the sense that the founders set out to deceive.


everyone is selling / spending
Dell / Expedia / Newegg / House dealer / etc are selling in real time

And many of the spenders (like me), just re-buy the bitcoin we spend, pocketing the merchant discounts and enhanced transactional security in the process. Furthermore, the (exponential) network effect created by each incremental btc spent on a good or service vastly outweighs the fractional (linear) potential selling pressure on that btc.


Winklevoss ETF will actually be shot down

Maybe. In which case more will be proposed. Eventually one gets through. Regardless, not really that important long-run. Bitcoin is simply better money and will slowly eat into commerce over time.

GABI is already priced in

Maybe. Same comments as above.


Dubai exchange won't create any thing new

More liquidity. More access to more people. More network effect. All incrementally good. Game-changer not needed.


etc..

That doesn't mean anything, like most of your posts.



I predict that you're going to disappear during bitcoin's next boom phase. I challenge you to post an email address or somewhere we can reach you when you quit this forum. It'll be nice to get back in touch. Until, then, goodbye.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
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August 31, 2014, 08:01:27 PM
 #22

Nice necro.

One can palpate Bitcoin's Tension as strongly then as one can now.
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