megashira1
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Activity: 1146
Merit: 1000
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September 22, 2014, 07:37:02 PM |
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Well, look at it this way. A financial collapse of catastrophic proportions will happen in our lifetimes. When this happens, and it WILL happen, BTC will rocket to the moon. So one could argue that BTC is a guaranteed investment to yield huge returns. Just how long you have to wait is the question. And i'm not talking about BTC price increasing as a result of of the devaulaton of the $.
i too believe that a financial collapse will eventually happen, and i used to think that bitcoin would skyrocket in that event. nowadays, i don't believe in that happening so much anymore. there's going to be a lot of panic and fear, and people are going to want something tangible to hold in their hands. also, if we experience something similar to the great depression, the internet may not be as easily accessible as it is now. hmm perhaps. But regardless, the event would still be a net positive for bitcoin as a whole, even if it isn't to the extent to say gold and silver. Commerce would still need to function and it would be much easier to buy things with BTC than pieces of metal. Also, BTC might be an easier means to convert wealth into than metal. Not to mention the numerous other benefits it holds. |
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1Referee
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Activity: 2170
Merit: 1427
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September 22, 2014, 09:00:41 PM |
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Always fun to read some of these threads of newbies that think Bitcoin will "die" or get "destroyed" when the price drops  |
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cryptomad
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September 22, 2014, 10:09:51 PM |
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My personal opinion is that it wont die,Bitcoin will become more popular  |
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tss
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September 22, 2014, 10:12:47 PM |
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+1 VTD!
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LiteCoinGuy
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Activity: 1148
Merit: 1010
In Satoshi I Trust
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September 22, 2014, 10:24:55 PM |
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My personal opinion is that it wont die,Bitcoin will become more popular crazy, hope you are right |
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grandFX
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Activity: 1918
Merit: 1007
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September 22, 2014, 10:29:39 PM |
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im not sure, bitcoin is going to die.
because many people need bitcoin.
so.. keep save ur bitcoin to long term.
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bigasic
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September 22, 2014, 10:32:18 PM |
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My personal opinion is that it wont die,Bitcoin will become more popular crazy, hope you are right LitecoinGuy, sounds like your losing hope? This is just another bear time. Hold and/or Buy.... If I could buy more, I would.. If it gets cheap enough ill be able to. BTW, I never read that thread as to why everyone spells Holding Hodling.. Now I know, great post...even if he was a bit drunk. |
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zorke
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September 22, 2014, 10:40:10 PM |
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Well, look at it this way. A financial collapse of catastrophic proportions will happen in our lifetimes. When this happens, and it WILL happen, BTC will rocket to the moon. So one could argue that BTC is a guaranteed investment to yield huge returns. Just how long you have to wait is the question. And i'm not talking about BTC price increasing as a result of of the devaulaton of the $.
This did happen, in 2008. The collapse that happened in 2008 is roughly a once per 100 year event. It would be very unlikely that we see another financial panic in the next 50 - 60 years (the span of the rest of most of our lifetimes). |
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DDuckworth
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September 22, 2014, 11:02:20 PM |
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these days bitcoin falls, is it going to die?
Do people like yourself just sit around thinking of negative things to post on this board? Did you make a new account just so you could post another "Bitcoin is going to fail" post? |
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promojo
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September 23, 2014, 06:18:56 PM |
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nkocevar
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September 23, 2014, 06:52:41 PM |
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With paypal starting to implement bitcoin into its payment system, you willmost likely see a rise in price because bitcoins will be available to a larger audience now.
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ChuckBuck
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September 23, 2014, 07:02:52 PM |
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Like a phoenix from the ashes....BITCOIN ARISES!  Guess this dog got a few more tricks up it's sleeves. Kudos Paypal for the price bump. |
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LiteCoinGuy
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Activity: 1148
Merit: 1010
In Satoshi I Trust
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September 23, 2014, 08:08:16 PM |
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My personal opinion is that it wont die,Bitcoin will become more popular crazy, hope you are right LitecoinGuy, sounds like your losing hope? This is just another bear time. Hold and/or Buy.... If I could buy more, I would.. If it gets cheap enough ill be able to. BTW, I never read that thread as to why everyone spells Holding Hodling.. Now I know, great post...even if he was a bit drunk. didnt you see the "  " at the top  ? |
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Memory1
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Activity: 14
Merit: 0
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September 25, 2014, 06:50:40 AM |
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PM me if you WTS |
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SoldierKid
Newbie
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Activity: 14
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September 25, 2014, 06:57:49 AM |
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When bitcoin dropped from $30 to $2, people started really freaking out.
Honestly, until the value of bitcoin hits the value of dogecoin / some random altcoin, it'll live.
That's unless some altcoin magically has a much better feature-set.
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erenna
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September 25, 2014, 01:18:01 PM |
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But we can't negate they are dropping fast. Alibaba IPO effect  |
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bornil267645
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September 25, 2014, 01:59:08 PM |
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The question should have been.... Why Bitcoin is not going to die?
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erenna
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September 25, 2014, 06:31:01 PM |
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The question should have been.... Why Bitcoin is not going to die?
Nice question. Bitcoin is not going to die, in my opinion, because is the answer to tons of problems and questions regarding the ecommerce and various services offered on the web. Bypassing the classic bank system. |
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megashira1
Legendary
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Activity: 1146
Merit: 1000
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September 25, 2014, 08:17:22 PM |
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The question should have been.... Why Bitcoin is not going to die?
Nice question. Bitcoin is not going to die, in my opinion, because is the answer to tons of problems and questions regarding the ecommerce and various services offered on the web. Bypassing the classic bank system. Bitcoin could die but the underlying technology definitely will not. |
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ahmedshawezi
Member
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Activity: 108
Merit: 10
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September 25, 2014, 08:33:00 PM |
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No it's not, good time to buy...blood in the streets and other cliches.
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