Bitcoin will one day rise again like the phoenix

[BC-Trader]

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.



 

I hold 0 bit coins

[Minsc]

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.

[Vandroiy]

I'm not in a negative feedback loop.

I never saw the point in the whole "buy high, sell low" business.

[worldinacoin]

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

[TiagoTiago]

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

[gimme_bottles]

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.

[Minsc]

It's  been rallying up today.

[BadBear]

It's  been rallying up today.

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

[BadBear]

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 

[Vitalik Buterin]

I'm predicting bottom at $0.20.

[Hyena]

Kill the necromancer.

[ssmc2]

Time is a flat circle. 

Double necro.

[Hyena]

[nutildah]

The time Vitalik Buterin got called out for Thread Necromancy!

Triple Necro.

[KorakPawon]

Many tranding sites to find out whether bitcoin prices rise or fall, when to rise and when to go down, seen from the period of some tea behind the price of bitcoin every year increased meakipun some down as well so in essence we must believe that in the future bitcoin prices will rise