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Author Topic: so btc value is finished?  (Read 9010 times)
thresher
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March 27, 2014, 05:32:59 PM
 #1

All I see is down and down, we couldn't even break into 6s during the last rally.
If bitcoin isn't valuable then why use it instead of a new coin that doesn't have a few powerful people that all ready control all of it?
Thinking of cashing out all my BTC and going to vegas for an expensive weekend Smiley


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March 27, 2014, 05:41:40 PM
 #2

All I see is down and down, we couldn't even break into 6s during the last rally.
If bitcoin isn't valuable then why use it instead of a new coin that doesn't have a few powerful people that all ready control all of it?
Thinking of cashing out all my BTC and going to vegas for an expensive weekend Smiley


Bitcoin will be around 200 soon, there are better coins now. Bitcoin has no advantage other than being the first
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March 27, 2014, 05:52:04 PM
 #3

All I see is down and down, we couldn't even break into 6s during the last rally.
If bitcoin isn't valuable then why use it instead of a new coin that doesn't have a few powerful people that all ready control all of it?
Thinking of cashing out all my BTC and going to vegas for an expensive weekend Smiley



Strange, you are going to Vegas to blow all your money.

Me, I am going back to work so I can get more cheap bitcoins and save for my future.

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March 27, 2014, 08:24:10 PM
 #4

All I see is down and down, we couldn't even break into 6s during the last rally.
If bitcoin isn't valuable then why use it instead of a new coin that doesn't have a few powerful people that all ready control all of it?
Thinking of cashing out all my BTC and going to vegas for an expensive weekend Smiley



Strange, you are going to Vegas to blow all your money.

Me, I am going back to work so I can get more cheap bitcoins and save for my future.

I'm glad your going back to work, I never left.  Just watching money I spent on bitcoin and miners, getting flushed down the toilet, when I could have applied that money to something fun.
You can keep buying "cheap coins," because unless you are buying tens of thousands worth for a quick flip on price spikes, your not getting any money any time soon, and since bit coin only reached the value it did thanks to mt gox, good luck seeing those numbers again.

I'm pro bitcoin, and I believe in its adoption. I'm just realistic and realize that it's unit value is going down the shitter. 
IRS capital loss. 


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March 27, 2014, 08:30:37 PM
 #5

btc is btc ,will be strong in the  future ,don't worry

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Luno
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March 27, 2014, 08:56:05 PM
 #6

Price is not the same as value.


 
 
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March 27, 2014, 09:00:33 PM
 #7

Below 500 USD 'til the end of the week?  Roll Eyes

I still believe bitcoin in the long term as well as other 2 or 3 altcoins.

We are right now in the eye of the hurricane.
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March 27, 2014, 09:22:30 PM
 #8

Bitcoin will be around 200 soon, there are better coins now. Bitcoin has no advantage other than being the first
Litecoin crashed even more than BTC.
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March 27, 2014, 09:31:56 PM
 #9

Bitcoin will be around 200 soon, there are better coins now. Bitcoin has no advantage other than being the first
Litecoin crashed even more than BTC.
Please sell all of your bitcoins to someone that is not as concerned about the price. You will sleep better at night with one less thing to worry about.

I'm concerned about the price of gas, doesn't mean I give in and walk everywhere Smiley

I fucking hold litecoin as well lmao, but honestly i'm not concerned about ltc. 


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March 27, 2014, 09:57:21 PM
 #10

All I see is down and down, we couldn't even break into 6s during the last rally.
If bitcoin isn't valuable then why use it instead of a new coin that doesn't have a few powerful people that all ready control all of it?
Thinking of cashing out all my BTC and going to vegas for an expensive weekend Smiley


Crashes have happened before, and everytime people scream it's the end of btc.

Other 'better' altcoins do exist, but it'll be years and years before their popularity will reach that of bitcoin, they also have no place in the public eye (which means businesses are much less likely to adopt them).


Bitcoin breaking into several online markets and vendors that previously scoffed it. I don't think this is the end of btc at all.
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March 27, 2014, 10:45:18 PM
 #11

Bitcoin will be around 200 soon, there are better coins now. Bitcoin has no advantage other than being the first

Bitcoin may not be the best, and it's only advantage may be that it was first, but in reality that is a HUGE, HUUUUGGEEE advantage. Probably the biggest advantage you can have. To be more clear, it's actually not the fact that it came first that gives it an advantage, but rather the fact that it currently is the most popular by far (because it gained popularity before others did). This is why Facebook is so much more popular than Google+. It is why YouTube is more popular than Vimeo. The thing that becomes more popular first tends to stay the most popular by far. These trends can even be (and often are) mathematically modeled using graphs of social networks.

Consider a graph with nodes and edges, where each node represents a cryptocurrency user and each edge represents a transaction between two users. Connected nodes want to be using the same cryptocurrency, otherwise they can't trade with each other. Each node has a rule that it will adopt the cryptocurrency that is used by more than a certain percent (let's say 50%) of its connected nodes. You can see how if the majority of the nodes use bitcoin, the phenomenon will spread and almost everybody will use it. In order to change that and have everybody use, say Litecoin, you need to have enough people adopt Litecoin such that the majority of every node's neighboring nodes adopted litecoin. It is difficult to explain this without drawing it, but hopefully you get my main point: inertia is powerful, and bitcoin still has a TON of it.

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March 27, 2014, 11:46:08 PM
 #12

Bitcoin will be around 200 soon, there are better coins now. Bitcoin has no advantage other than being the first

Bitcoin may not be the best, and it's only advantage may be that it was first, but in reality that is a HUGE, HUUUUGGEEE advantage. Probably the biggest advantage you can have. To be more clear, it's actually not the fact that it came first that gives it an advantage, but rather the fact that it currently is the most popular by far (because it gained popularity before others did). This is why Facebook is so much more popular than Google+. It is why YouTube is more popular than Vimeo. The thing that becomes more popular first tends to stay the most popular by far. These trends can even be (and often are) mathematically modeled using graphs of social networks.

Consider a graph with nodes and edges, where each node represents a cryptocurrency user and each edge represents a transaction between two users. Connected nodes want to be using the same cryptocurrency, otherwise they can't trade with each other. Each node has a rule that it will adopt the cryptocurrency that is used by more than a certain percent (let's say 50%) of its connected nodes. You can see how if the majority of the nodes use bitcoin, the phenomenon will spread and almost everybody will use it. In order to change that and have everybody use, say Litecoin, you need to have enough people adopt Litecoin such that the majority of every node's neighboring nodes adopted litecoin. It is difficult to explain this without drawing it, but hopefully you get my main point: inertia is powerful, and bitcoin still has a TON of it.

In my opinion, if Bitcoin isn't the best, which it isn't, then we need to move On.

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March 28, 2014, 12:25:49 AM
 #13

Bitcoin will be around 200 soon, there are better coins now. Bitcoin has no advantage other than being the first

Bitcoin may not be the best, and it's only advantage may be that it was first, but in reality that is a HUGE, HUUUUGGEEE advantage. Probably the biggest advantage you can have. To be more clear, it's actually not the fact that it came first that gives it an advantage, but rather the fact that it currently is the most popular by far (because it gained popularity before others did). This is why Facebook is so much more popular than Google+. It is why YouTube is more popular than Vimeo. The thing that becomes more popular first tends to stay the most popular by far. These trends can even be (and often are) mathematically modeled using graphs of social networks.

Consider a graph with nodes and edges, where each node represents a cryptocurrency user and each edge represents a transaction between two users. Connected nodes want to be using the same cryptocurrency, otherwise they can't trade with each other. Each node has a rule that it will adopt the cryptocurrency that is used by more than a certain percent (let's say 50%) of its connected nodes. You can see how if the majority of the nodes use bitcoin, the phenomenon will spread and almost everybody will use it. In order to change that and have everybody use, say Litecoin, you need to have enough people adopt Litecoin such that the majority of every node's neighboring nodes adopted litecoin. It is difficult to explain this without drawing it, but hopefully you get my main point: inertia is powerful, and bitcoin still has a TON of it.

Yes, totally agree. Being the first will always give it the advantage, and I'd be very surprised if another coin ever surpassed bitcoin, especially without signficant financial backing (such as if the federal reserve came out with a coin to replace the USD).

Bitcoin has consitently traded above the 400 level. There is a ton of buy support at 400. I doubt it'll break below that point.
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March 28, 2014, 12:38:12 AM
 #14

Bitcoin price fluctuation attracts entrepreneurs for the chance at riches with a quick turnover, despite the high volatility. It actually stimulates the altconomy in its own confounded way.
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March 28, 2014, 12:39:45 AM
 #15

All I see is down and down, we couldn't even break into 6s during the last rally.
If bitcoin isn't valuable then why use it instead of a new coin that doesn't have a few powerful people that all ready control all of it?
Thinking of cashing out all my BTC and going to vegas for an expensive weekend Smiley


Bitcoin will be around 200 soon, there are better coins now. Bitcoin has no advantage other than being the first

Better coins, such as? Could you give some serious examples and explain why these are better?

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March 28, 2014, 03:00:54 AM
 #16

Bitcoin may not be the best, and it's only advantage may be that it was first, but in reality that is a HUGE, HUUUUGGEEE advantage.

We also shouldn't forget the huge basic infrastructure that bitcoin has built over the time (still growing at insane rate), which other coins can only dream about. Apparently, bitcoin mining network now exceeds 480000+ petaflops: world's most powerful supercomputers are literally dwarfed compared to this. And it's all about the security: altcoins are looking very fragile on that field. Perhaps only the fact that all of them, even litecoin, are in the deep shadows far from the mainstream medias might be keeping them away from troubles.
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March 28, 2014, 03:08:34 AM
 #17

All I see is down and down, we couldn't even break into 6s during the last rally.
If bitcoin isn't valuable then why use it instead of a new coin that doesn't have a few powerful people that all ready control all of it?
Thinking of cashing out all my BTC and going to vegas for an expensive weekend Smiley


I'm not sure about the term value.

Anyhow, have fun in Vegas? Sure there is a significant amount of parity, but it doesn't take away from the inherent value of bitcoin. Pegged price on the other hand? That's a completely different story.
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March 28, 2014, 04:52:22 AM
 #18

Bitcoin price is dropping because of the panic selling in China due to the false news/rumors that China is banning crypto again , more like market manipulation .... In the past few months its been one blow after another , if it got this far without dropping back to nothing it won't be going lower back to the 300's , if you wanna blow all your btc I'd be more than happy to buy them  Cheesy
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March 28, 2014, 06:25:53 AM
 #19

This "bitcoin going down" topics are starting to get irritating as a fucking mosquito on the picnic.

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March 28, 2014, 06:26:15 AM
 #20

Lat year was same thing BTC price was aroud 250$ n then jumps on 1000$. Same will happen again the question is "When".



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