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Author Topic: Bitcoin scam is comming to an end  (Read 2203 times)
ziemer
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October 18, 2011, 12:30:17 AM
 #1

Dropped from 30$ to 2.60 now... and still falling.

http://bitcoincharts.com/charts/chart.png?m=mtgoxUSD&v=1&t=S&noheader=1&height=80&width=750&r=60

Well some made money, others lost. Afterall a bitcoin is returning to its intrinsic value, which is ZERO.
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Raoul Duke
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October 18, 2011, 01:00:36 AM
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It only went to $30 because some stupid dudes who thought they were smart took it to that point.

let it slide again to $0.80 and all will be fine Wink

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October 18, 2011, 11:18:00 AM
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i thought Bitcoin was bad b/c its a deflationary currency, rising in value with time, thus encouraging hoarding?

now Bitcoin is bad b/c its an inflationary currency, dropping in value with time, thus encouraging selling?
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October 18, 2011, 11:22:56 AM
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Well some made money, others lost. Afterall a bitcoin is returning to its intrinsic value, which is ZERO.
Which probably means you bought at 20 USD  Tongue

This forum is full of manipulative shitposting.
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October 19, 2011, 10:14:02 AM
 #5

i thought Bitcoin was bad b/c its a deflationary currency, rising in value with time, thus encouraging hoarding?

now Bitcoin is bad b/c its an inflationary currency, dropping in value with time, thus encouraging selling?

Bitcoin is intrinsically a deflationary currency.  That caused hoarding, which caused a bubble, which inevitably leads to a blowoff.  That's fun for experienced investors and traders, but the whole cycle is bad for what I want: something stable enough to use as a transactional currency.

The strong scent of pyramid is driving away the people we need to adopt it to start growing an economy.

      War is God's way of teaching Americans geography.  --Ambrose Bierce
Bitcoin is the Devil's way of teaching geeks economics.  --Revalin 165YUuQUWhBz3d27iXKxRiazQnjEtJNG9g
RodeoX
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October 19, 2011, 01:33:51 PM
 #6

Well some made money, others lost.

Let me guess which category you fall into.  Besides it cant fall to zero. I have some coins I wont part with for less than $100.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin in AFRICA - https://bitcointalk.org/index.php?topic=2710325.msg27720734
tsvekric
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October 19, 2011, 03:13:37 PM
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if you're looking to get rid of your coins I'll take them off your hands  Wink
get out of the scam ASAP
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