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Author Topic: Bitcoin will one day rise again like the phoenix  (Read 4692 times)
BC-Trader
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October 19, 2011, 08:02:08 PM
 #21

Much of the speculative interest in bitcoin is gone and will stay gone. Once people get burned they are not chomping at the bit to get back in.


Bitcoin will continue lower and lower since the negative feedback loop is a vicious one and just when you think there is a bottom it can and will go lower.

It's simple what bit coin needs.

1. ACTUAL licensed exchanges inside the United States. I want recourse for my money if the exchange just decides to pull a runner. If MTGOX decided to be "haxed" tomorrow not only could they steal all your bit coins they also now have many members personal documents for "verification" purposes that could be sold on the black market for much more then their entire bit coin business.

Not saying they will I am saying they CAN and there is not a damn thing you can do about it.


So yeah get some LEGIT exchanges.

2. We need actual merchants to accept the currency. Ponzi schemes and rigged gambling sites do not count. I am aware that more and more sites accept bit coin but the majority of them are unknown and are just using bit coin as a gimmick. We need bit coin to be accepted in broad marketplaces such as a mmorpg or a massive online retailer.




but none of that will happen since the speculative bubble has burst and very little big money will even raise an eyebrow at using bit coin now.


It's to  bad, there's always the future for some other currency to do it right.



 Cheesy

I hold 0 bit coins
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Minsc
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October 19, 2011, 08:33:46 PM
 #22

1. ACTUAL licensed exchanges inside the United States. I want recourse for my money if the exchange just decides to pull a runner. If MTGOX decided to be "haxed" tomorrow not only could they steal all your bit coins they also now have many members personal documents for "verification" purposes that could be sold on the black market for much more then their entire bit coin business.

Anyone who wants to launder is either going to do multiple accounts or send fake documents.  Most people who sell on eBay have multiple unlinked eBay and PayPal accounts and when PayPal randoms funds for documents, they send fake ones.  So this has been going on for a long time.

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Vandroiy
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October 19, 2011, 10:42:08 PM
 #23

I'm not in a negative feedback loop.

I never saw the point in the whole "buy high, sell low" business. Wink
worldinacoin
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October 21, 2011, 01:04:31 AM
 #24

I am not hoping that it can fly like a phoenix, but fly like another bird will do and not act like a hen, wings but cannot fly Sad
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October 21, 2011, 01:13:16 AM
 #25

Time flies like an arrow. Fruit flies like a banana.

(I dont always get new reply notifications, pls send a pm when you think it has happened)

Wanna gimme some BTC for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX Smiley

The more you believe in Bitcoin, and the more you show you do to other people, the faster the real value will soar!

Do you like mmmBananas?!
gimme_bottles
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October 21, 2011, 01:44:15 AM
 #26

2. We need actual merchants to accept the currency. Ponzi schemes and rigged gambling sites do not count. I am aware that more and more sites accept bit coin but the majority of them are unknown and are just using bit coin as a gimmick. We need bit coin to be accepted in broad marketplaces such as a mmorpg or a massive online retailer.


i agree, but in my opinion there is a problem:

we are interested in movement (mostly upwards), so we wish for more publicity through big shops. but shops will never establish in big shops/companies, as long there are such big movements in the price.

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Minsc
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October 21, 2011, 02:42:38 AM
 #27

It's  been rallying up today.

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BadBear
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October 21, 2011, 07:09:17 AM
 #28

It's  been rallying up today.

Typical trap, downtrend will resume (already has, down to <2.40).

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BadBear
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October 21, 2011, 07:15:50 AM
 #29

It's  been rallying up today.

Typical trap, downtrend will resume (already has, down to <2.40).

Goddamnit. You're a GOOD BEAR. WHAT IS SO HARD TO UNDERSTAND ABOUT THIS.

Haha.  Maybe I should change my name  Cheesy

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Vitalik Buterin
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July 08, 2013, 07:18:42 PM
 #30

I'm predicting bottom at $0.20.

Argumentum ad lunam: the fallacy that because Bitcoin's price is rising really fast the currency must be a speculative bubble and/or Ponzi scheme.
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July 08, 2013, 07:26:52 PM
 #31

Kill the necromancer.

ssmc2
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May 16, 2015, 03:32:29 PM
 #32

Time is a flat circle.  Tongue

Double necro.
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May 16, 2015, 03:39:48 PM
 #33


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