How did we let this happen?

[antibitcoinconsortium]

Now that the bubble is finally starting to collapse rapidly, i was pondering how we let this all happen...
What are the results of this 'experiment'/scam?
- A hand full of teens who are now multi millionaires.
- A whole lot of people that lost a whole lot of real money.

Even though we all got warned time and time again, by economists, professors and even a lot of libertarians, not to fall for the bitcoin.
How on earth was it possible that people spend $1200!!!! on literary NOTHING?! Is this pure greed or stupidity? What is going on here?

I feel bad for all the people who got victimized and i think some effort should be made to put the creators of this bubble behind bars, too many have been victimized to let this slide.

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[skooter]

You kidding?

That's like saying the people who invested into the tech bubble should be compensated.

This is what happens when people buy shit that they have zero understanding of.

[grifferz]

It's true that the best way to effect real change is to create a no-history forum account called omgbitcoinsux4real or similar and create a whining thread begging users of a completely decentralised system to do my bidding.

Cast iron works every time guarantee. And if I'm wrong, Mark Kareples will personally compensate you.

[EvilPanda]

Another idiotic thread by a newbie. There is no bubble, just FUD and stupid people.
BTW, your name says it all.

[drippx]

Idiots like OP will get back in later this year when it goes to new all time highs

[greenlion]

OP is just an NXT/NEM/altcoin troll.

[Nagle]

Now that the bubble is finally starting to collapse rapidly, i was pondering how we let this all happen...
What are the results of this 'experiment'/scam?
- A hand full of teens who are now multi millionaires.
- A whole lot of people that lost a whole lot of real money.

That's symmetry for you.  Bitcoin is a zero-sum game. There have to be a lot of losers.

[RodeoX]

I don't understand. Who is a "victim"? You mean someone who bought, then panic sold below their purchase price? If that is the victim then they are also the perpetrator and should be arrested.  

Honestly, I don't know how people lose money with bitcoin unless they do stupid things that would lose them money in any financial transaction. I have been trading in things for decades and I have never seen anything that comes close to the explosive growth in value of bitcoin.

[skooter]

I don't understand. Who is a "victim"? You mean someone who bought, then panic sold below their purchase price? If that is the victim then they are also the perpetrator and should be arrested.  

Honestly, I don't know how people lose money with bitcoin unless they do stupid things that would lose them money in any financial transaction. I have been trading in things for decades and I have never seen anything that comes close to the explosive growth in value of bitcoin.

What are you talking about. There's plenty of things that exploded in value.

Like Oculus rift, invented 2012, sold for billions in 2014.

[Velkro]

all bubbles have same rules, they come and go i see we are at bottom as this kind of posts appears
see you on next bubble in couple months

[BitChick]

Was I panicking this much a year ago?    I apologize if I was.

Anyone that has been involved with Bitcoin a year or longer is used to this.  I, as "permabull" as I have been called, am always optimistic when the price rises and think to myself "It could never crash back down again."  The veterans in Bitcoin have their reasons why there will be dips like this, and many profit of them.   As a holder these dips are painful but if you just hold on for a few weeks or at most months, it all works out.  Just a little patience is all that is required here.

The best thing to do on days like these? BUY! 

[bitjoint]

Now that the bubble is finally starting to collapse rapidly, i was pondering how we let this all happen...
What are the results of this 'experiment'/scam?
- A hand full of teens who are now multi millionaires.
- A whole lot of people that lost a whole lot of real money.

Even though we all got warned time and time again, by economists, professors and even a lot of libertarians, not to fall for the bitcoin.
How on earth was it possible that people spend $1200!!!! on literary NOTHING?! Is this pure greed or stupidity? What is going on here?

I feel bad for all the people who got victimized and i think some effort should be made to put the creators of this bubble behind bars, too many have been victimized to let this slide.

I agree with you!!! What da fuck is this crappy bubble ponzi scheme!!!? It looks to me like the Internet, which also had its bubble...



Bitcoin, just like the internet, is useless!!! ... After all, who the hell uses the internet today after that bubble that ripped off poor people!!??

Thanks for your wise words, oh, technology oracle. God bless you.  

[5thStreetResearch]

Bubbles have been occurring and popping since speculation has existed.  Thats a very very long time.  It is nothing that is per se "allowed to happen."  Bubbles are just something that naturally occur as a result of human greed and fear.  Unless you can turn people into emotionless robots, you can not erase greed and fear.  We have seen how many major asset/credit bubbles in the past 15 years alone?

[MarketNeutral]

Now that the bubble is finally starting to collapse rapidly, i was pondering how we let this all happen...
What are the results of this 'experiment'/scam?
- A hand full of teens who are now multi millionaires.
- A whole lot of people that lost a whole lot of real money.

Even though we all got warned time and time again, by economists, professors and even a lot of libertarians, not to fall for the bitcoin.
How on earth was it possible that people spend $1200!!!! on literary NOTHING?! Is this pure greed or stupidity? What is going on here?

I feel bad for all the people who got victimized and i think some effort should be made to put the creators of this bubble behind bars, too many have been victimized to let this slide.

Strong username to post content ratio.

[jonald_fyookball]

Now that the bubble is finally starting to collapse rapidly, i was pondering how we let this all happen...
What are the results of this 'experiment'/scam?
- A hand full of teens who are now multi millionaires.
- A whole lot of people that lost a whole lot of real money.

Even though we all got warned time and time again, by economists, professors and even a lot of libertarians, not to fall for the bitcoin.
How on earth was it possible that people spend $1200!!!! on literary NOTHING?! Is this pure greed or stupidity? What is going on here?

I feel bad for all the people who got victimized and i think some effort should be made to put the creators of this bubble behind bars, too many have been victimized to let this slide.

What's going on here?  A self styled anti-bitcoin troll talking nonsense.  Obviously the price is deflated on news out of China. 

[roslinpl]

antibitcoinconsortium

what a great name for a Bitcointalk member!

Don't you think you should consider why you did waste your time @ Bitcointalk when you are Anti Bitcoin related?

[C10H15N]

The best thing to do on days like these? BUY! 

This we agree on!

[mktrader]

Bitcoin is not for the faint-hearted. Remember how some people were screaming back in 2011 when Bitcoin price went down to $2.50 from a high of $30+?
 
Many of people who bought even at $30 at that time and held till today are already incredibly rich!

Nothing is wrong. This is just a regular correction, IMO.

[Dimelord]

I got my BTC with no fiat spent. 

[lemfuture]

how is it this thread is not locked yet? jk.. yeah you troll