Is everybody turned bear yet?

[atc1]

I am. I completely do not see the use of Bitcoin anymore. To be honest: I got into Bitcoin just for speculation, nothing more. Bitcoin does not live among the population of the world and governments will not allow it. The right to issue currency has been a royal prerogative or has belonged to the government for many centuries, and they're not going to give that up easily. The only reason why western governments aren't really acting is because the Bitcoin userbase is still pretty slim. If it ever is to grow again, then western governments will just hammer Bitcoin down for good.

Then there's the issue of value. Bitcoin is NOT a safe haven for your money. The exchange rate in the next two months can be double or even triple that (up or down) of today. Why on earth would someone in his right mind step into Bitcoin then? Of course they won't, nor will the institutional investors that apparantly are 'stepping in right now'. Yea right, they've been stepping in for months already, yet I don't notice anything next to a long grind downwards.

I've switched all my Bitcoins to fiat, since the value in fiat is SOLID, at least in the short and mid term. I might buy some XRP though, since I believe that Ripple can give many of the advantages of Bitcoin, without getting in the way of governments too much. Also, it isn't infected with the Altcoin-Stigma, at least not more than partially.

this is bullish...

I beg your pardon?

You are talking bullsh*t and don't seem to understand bitcoin. Just another one trying to get rich from nowhere

Lol. What a bad troll. You can do better. What the guy said is all true. At the end of the day,no one gives a damn about your policies,all they want is convenience. Can you send my money fast without taking out from it? Yes? Then,I'll use it. Your anti-bank agenda and whatnot BS can go suck it because the average Joe uses and trusts his bank. He uses fiat,which has been held by the present economic structure to be a very stable foundation for his everyday needs. Sure,now and then,things go wrong,but not everybody's going to pour all his savings into something he does not fully understand. I'm attracted to Bitcoin for it's applications and for the Bitcoin protocol,not a policy it seemingly stands for. The government the founding fathers envisioned was one that helps people. That's what a government stands for. For every government exploitation,there are a hundred things the government does to help you. You don't like your government? Then why the fuck do you keep voting your senator back into power every time? Get rid of him and get someone else. This is not the Wild West anymore. /government:rant

[atp1916]

Well said, atc1.

The fundamentalist libertarian / anarchist ideological influences that have thus so far impeded Bitcoin's mainstream integration into the marketplace will be expunged as time goes by.....by people like you, me, and others - one post at a time.

[lumierre]

I am. I completely do not see the use of Bitcoin anymore. To be honest: I got into Bitcoin just for speculation, nothing more. Bitcoin does not live among the population of the world and governments will not allow it. The right to issue currency has been a royal prerogative or has belonged to the government for many centuries, and they're not going to give that up easily. The only reason why western governments aren't really acting is because the Bitcoin userbase is still pretty slim. If it ever is to grow again, then western governments will just hammer Bitcoin down for good.

Then there's the issue of value. Bitcoin is NOT a safe haven for your money. The exchange rate in the next two months can be double or even triple that (up or down) of today. Why on earth would someone in his right mind step into Bitcoin then? Of course they won't, nor will the institutional investors that apparantly are 'stepping in right now'. Yea right, they've been stepping in for months already, yet I don't notice anything next to a long grind downwards.

I've switched all my Bitcoins to fiat, since the value in fiat is SOLID, at least in the short and mid term. I might buy some XRP though, since I believe that Ripple can give many of the advantages of Bitcoin, without getting in the way of governments too much.

this is bullish...

Exactly the indicator we are waiting for.

[hodlmybtc]

I am. I completely do not see the use of Bitcoin anymore. To be honest: I got into Bitcoin just for speculation, nothing more. Bitcoin does not live among the population of the world and governments will not allow it. The right to issue currency has been a royal prerogative or has belonged to the government for many centuries, and they're not going to give that up easily. The only reason why western governments aren't really acting is because the Bitcoin userbase is still pretty slim. If it ever is to grow again, then western governments will just hammer Bitcoin down for good.

Then there's the issue of value. Bitcoin is NOT a safe haven for your money. The exchange rate in the next two months can be double or even triple that (up or down) of today. Why on earth would someone in his right mind step into Bitcoin then? Of course they won't, nor will the institutional investors that apparantly are 'stepping in right now'. Yea right, they've been stepping in for months already, yet I don't notice anything next to a long grind downwards.

I've switched all my Bitcoins to fiat, since the value in fiat is SOLID, at least in the short and mid term. I might buy some XRP though, since I believe that Ripple can give many of the advantages of Bitcoin, without getting in the way of governments too much.

this is bullish...

Exactly the indicator we are waiting for.

BUY BUY BUY

[thresher]

All the people that have been screaming to the moon are embarrassed for being constantly wrong.  I want them to come back as we need people spreading bs rumors about bitcoin going to the moon.

Has been a while since I last saw a bullish prediction for the next months. Guess everybody is a bear now, ha?

Where are the people screaming that 450 is cheap and "to da moon"? Where are those 10,000 predictions and charts?

Fact is, I saw this masterpiece investigative series in my country (superbly filmed and documented) presenting Bitcoin. Major audience, Sunday 8pm.

Made me wonder. I think many, many people know about bitcoin. They just don't use it. And never will as 99.9% of the world is not interested in tech, money, economics, revolution, anti-bank, libertarian movement (and bitcoins sums all up). So we might be finished already with the bitcoin adoption.

99.9 percent pf people are not interested in tech and money?  I'm sorry but that is the stupidest thing I have ever heard in my life.  Maybe if you said 99.9 percent of people aren't interested in crypto currency or something, but saying 99.9 percent of people aren't interested in money and tech?  Wtf, did the world move into the woods to become one with nature overnight?

You're right, what I said is not what I meant. 99.9% are not interested how tech works (thus don't want to know why bitcoin is secure, etc) and are not interested how money works (banks, fractionary reserve etc)

Now that, I believe. 

[maakas]

I am. I completely do not see the use of Bitcoin anymore. To be honest: I got into Bitcoin just for speculation, nothing more. Bitcoin does not live among the population of the world and governments will not allow it. The right to issue currency has been a royal prerogative or has belonged to the government for many centuries, and they're not going to give that up easily. The only reason why western governments aren't really acting is because the Bitcoin userbase is still pretty slim. If it ever is to grow again, then western governments will just hammer Bitcoin down for good.

Then there's the issue of value. Bitcoin is NOT a safe haven for your money. The exchange rate in the next two months can be double or even triple that (up or down) of today. Why on earth would someone in his right mind step into Bitcoin then? Of course they won't, nor will the institutional investors that apparantly are 'stepping in right now'. Yea right, they've been stepping in for months already, yet I don't notice anything next to a long grind downwards.

I've switched all my Bitcoins to fiat, since the value in fiat is SOLID, at least in the short and mid term. I might buy some XRP though, since I believe that Ripple can give many of the advantages of Bitcoin, without getting in the way of governments too much. Also, it isn't infected with the Altcoin-Stigma, at least not more than partially.

this is bullish...

I beg your pardon?

You are talking bullsh*t and don't seem to understand bitcoin. Just another one trying to get rich from nowhere

Lol. What a bad troll. You can do better. What the guy said is all true. At the end of the day,no one gives a damn about your policies,all they want is convenience. Can you send my money fast without taking out from it? Yes? Then,I'll use it. Your anti-bank agenda and whatnot BS can go suck it because the average Joe uses and trusts his bank. He uses fiat,which has been held by the present economic structure to be a very stable foundation for his everyday needs. Sure,now and then,things go wrong,but not everybody's going to pour all his savings into something he does not fully understand. I'm attracted to Bitcoin for it's applications and for the Bitcoin protocol,not a policy it seemingly stands for. The government the founding fathers envisioned was one that helps people. That's what a government stands for. For every government exploitation,there are a hundred things the government does to help you. You don't like your government? Then why the fuck do you keep voting your senator back into power every time? Get rid of him and get someone else. This is not the Wild West anymore. /government:rant

Why are you putting words in my mouth? I just pointed out that OP is wrong, I did not fall into an argue because that kind of people have their mind made up anyways and it would just be a pointless waste of time.

What comes to governments helping people, they should and could do a much better job. Nobody can be all-popular, but their arrogance (which has been rising massively lately) doesn't take them far. It just stretches the difference and hatred further. When the founding fathers envisioned USA, I'm pretty sure that the world we live in today wasn't what they were going for. There was even more than one fight against the banking system, with J.F.Kennedy being the last one to fight it and look where it got him.

I'm an Estonian, we don't have senators, but I'm a regular voter in every election. Even one vote CAN make a difference and I never vote for some sh*thead idiot who hasn't got anything else than promises. Have you seen what happens if you try to get rid of the "upper guys"? They just use force to make you silent. Oh and in most of the world (yeah, even Western world) it really doesn't matter who you vote for, because votes can be distributed between the same party and power goes to the people who are seen to suit it the best. The sh*theads won't disappear by voting, they can be taken down only with a revolution.

And ofcourse governments have to help people, if they don't, there will sure be a revolution. Governments are good in making people think they care for them, where really they don't give a shit. Much of the help goes the wrong way (in the pockets of the "Big Guys").

We live in a sick world and I see Bitcoin as one of the medicines.

[ParabellumLite]

I am. I completely do not see the use of Bitcoin anymore. To be honest: I got into Bitcoin just for speculation, nothing more. Bitcoin does not live among the population of the world and governments will not allow it. The right to issue currency has been a royal prerogative or has belonged to the government for many centuries, and they're not going to give that up easily. The only reason why western governments aren't really acting is because the Bitcoin userbase is still pretty slim. If it ever is to grow again, then western governments will just hammer Bitcoin down for good.

Then there's the issue of value. Bitcoin is NOT a safe haven for your money. The exchange rate in the next two months can be double or even triple that (up or down) of today. Why on earth would someone in his right mind step into Bitcoin then? Of course they won't, nor will the institutional investors that apparantly are 'stepping in right now'. Yea right, they've been stepping in for months already, yet I don't notice anything next to a long grind downwards.

I've switched all my Bitcoins to fiat, since the value in fiat is SOLID, at least in the short and mid term. I might buy some XRP though, since I believe that Ripple can give many of the advantages of Bitcoin, without getting in the way of governments too much. Also, it isn't infected with the Altcoin-Stigma, at least not more than partially.

this is bullish...

I beg your pardon?

You are talking bullsh*t and don't seem to understand bitcoin. Just another one trying to get rich from nowhere

Lol. What a bad troll. You can do better. What the guy said is all true. At the end of the day,no one gives a damn about your policies,all they want is convenience. Can you send my money fast without taking out from it? Yes? Then,I'll use it. Your anti-bank agenda and whatnot BS can go suck it because the average Joe uses and trusts his bank. He uses fiat,which has been held by the present economic structure to be a very stable foundation for his everyday needs. Sure,now and then,things go wrong,but not everybody's going to pour all his savings into something he does not fully understand. I'm attracted to Bitcoin for it's applications and for the Bitcoin protocol,not a policy it seemingly stands for. The government the founding fathers envisioned was one that helps people. That's what a government stands for. For every government exploitation,there are a hundred things the government does to help you. You don't like your government? Then why the fuck do you keep voting your senator back into power every time? Get rid of him and get someone else. This is not the Wild West anymore. /government:rant

Why are you putting words in my mouth? I just pointed out that OP is wrong, I did not fall into an argue because that kind of people have their mind made up anyways and it would just be a pointless waste of time.

What comes to governments helping people, they should and could do a much better job. Nobody can be all-popular, but their arrogance (which has been rising massively lately) doesn't take them far. It just stretches the difference and hatred further. When the founding fathers envisioned USA, I'm pretty sure that the world we live in today wasn't what they were going for. There was even more than one fight against the banking system, with J.F.Kennedy being the last one to fight it and look where it got him.

I'm an Estonian, we don't have senators, but I'm a regular voter in every election. Even one vote CAN make a difference and I never vote for some sh*thead idiot who hasn't got anything else than promises. Have you seen what happens if you try to get rid of the "upper guys"? They just use force to make you silent. Oh and in most of the world (yeah, even Western world) it really doesn't matter who you vote for, because votes can be distributed between the same party and power goes to the people who are seen to suit it the best. The sh*theads won't disappear by voting, they can be taken down only with a revolution.

And ofcourse governments have to help people, if they don't, there will sure be a revolution. Governments are good in making people think they care for them, where really they don't give a shit. Much of the help goes the wrong way (in the pockets of the "Big Guys").

We live in a sick world and I see Bitcoin as one of the medicines.

Well to respond to this, I believe you have made up your mind as well. To talk about me personally: nothing is ever set in stone on my side, but when I do take some position on a particular subject it is mostly not for the short term. I will invite you once again to tell me why I was wrong there.

I believe you see Bitcoin as a necessary evil in some ideological struggle. I hate to break it to you, but that's not why 90% of the people here owe Bitcoins. They owe them for other reasons and the crypto-anarchists are a vast, vast minority among the people responding here. For them, Bitcoin is not a tool to challenge governments. They know better than to drown in a sea of ideological, non-realistic nonsense. To wrap up: there sure won't be a revolution, especially in our western world. People here tend to be very servile in nature because of their own well being. It will take a lot of misery to turn that into a revolution, something that is highly unlikely if not nearly impossible to happen anytime soon.

And it doesn't need to be bad. Most people want security in their lives, and the current fiat system can give that to them on the financial side. At least - arguments about this topic aside - thát is what they believe. I've been voting for quite a few years and I know just how useless voting is. I still do it, out of principal reasons, but the people is never really in power in a party based democracy. There will always be compromises and almost never will one party do whatever the hell it likes. The sooner you have peace with that hard reality, the better. The only 'good' way out of our current system is a meritocracy, which is very difficult to realise in our current society. I believe that we, at some point, will revert to benevolent dictatorships, which might be easier to maintain. But change won't come from an anarchist's dogmatic point of view: governments are essential for our survival. People are herd animals, and every herd needs a shepard.

But getting back at Bitcoin: governments will not allow it. They will not allow their right to issue and control currencies to be taken away. It will pose to much risk to them and the financial system, so they will step in whenever Bitcoin gets a few times larger as it was last December. Until most of the coins are evenly distributed among the populace (which won't happen), Bitcoin remains firmly attached to its banking umbilical. Take away the banks, and the whole house of cards will fall down.