Abandon BTC

[Mervyn_Pumpkinhead]

You still have time to abandon BTC and put your wealth on more advanced cryptos. The waves are getting weaker and weaker while the market is slowly eating itself.

Adding new wealth to the bitcoin ecosystem, rewards miners for wasting energy without giving anything useful to the network. It's no secret that adding more wealth to the bitcoin ecosystem, only fuels this idiotic arms race of bitcoin mining.
Bitcoin is strongly impractical because of it's immature use of resources and it's inability to support stability. You have to be religious about bitcoin while the world of finance is a new place to you, if you can't see the importance of these impracticalities.
The Winklevoss twins may be great rowers, and Draper may be a good friend to Jurvetson, but their judgement about bitcoin is childish at best.

The future is not in bitcoin, but in the general idea of open sourced monetary systems. There needs to be a lot more advancements before cryptocurrencies would be practical on a larger scale. The current phase of development is in it's end. Right now would be the right time to jump off this train and jump onto something newer and better, that has solved some problems that plague bitcoin.
Don't ask me on what crypto to buy, because I don't want this thread to become a trollfest. Do your own research while keeping the flaws of bitcoin in mind.

Don't get caught on a sinking ship, just because you're emotionally attached to your investment. It's a common flaw for novice investors to become emotionally attached to the source of their first winnings.

If you reply to this thread, then I would kindly ask you to express yourself in a calm and constructive manner. Thank you!

[1714189592]

1714189592

[wet_blanket]

agreed

[MonadTran]

You have not explained what kind of advancements are needed, and why they cannot be implemented in Bitcoin.

[mavericklm]

agreed

[Torque]

If you reply to this thread, then I would kindly ask you to express yourself in a calm and constructive manner. Thank you!

Ok, then I will calmly tell you where you can stick your crappy, POS PnD scamcoin alternatives.  

Also, if you are shorting btc, you better close your position soon... troll

[tarmi]

You have not explained what kind of advancements are needed, and why they cannot be implemented in Bitcoin.

pow blockchain with minimal maintenance cost in energy terms.

[oyyoyoyoyo]

Sell Bitcoin, buy Pandacoin.

[Rawted]

Please list these 'more advanced cryptos'. I await the laughs.

[zeroday]

Bitcoin is first mover.
If bitcoin fails, all the altcoins will fail too.

IMO, alts are only good for easier mining and speculation.

[Mervyn_Pumpkinhead]

You have not explained what kind of advancements are needed, and why they cannot be implemented in Bitcoin.

Wasteful mining and the promotion of price instability are the core aspects of bitcoin. No one will even consider changing PoW mining and fixed supply.
The problem is in changing the fundamental properties and trust. Trust is the main pillar of any currency. If you would start changing those properties, then people will start to ask what fundamental rules will be changed next and they will lose their trust in the system. That is the reason why wealth needs to move to more developed currencies that already have more developed core properties.
And in all probability, wealth won't rest on those new and better currencies forever either. There will be more new and better developed cryptos that will again flag the start of another phase.

[piramida]

There will be more new and better developed cryptos that will again flag the start of another phase.

That's right, they will come and go often, as yearly fads, each new one with a new shiny gimmick, and people will be running after them chasing their golden opportunity to invest into better crypto.

...

While bitcoin will remain the point of reference and the only actually trusted blockchain. Soon smarter authors will understand that and will save their crappycoins checksums into bitcoin blockchain periodically. It will always be the mother of coins, no matter which silly marketing slogans coin authors will come up with later.

But you are free to pursue the dream of a better coin, where no resources are ever wasted and consistency of the chain is ensured by kind elves. However, be prepared that your delusion will not be shared by mostly anyone else, they will be pushing marketing agenda of their own crappycoin.

[btcney]

OP is a bagholder 

[Mervyn_Pumpkinhead]

That's right, they will come and go often, as yearly fads, each new one with a new shiny gimmick, and people will be running after them chasing their golden opportunity to invest into better crypto.

You talk as bitcoin had been in place for decades. Most of the new and better cryptos are still in the process of establishing themselves. Some of them are only now coming out of the initial phase and are starting to have value that isn't dependent on bitcoin. This is the indicator that the crypto market is changing shape from a pyramid to a cluster. Bitcoin won't be at the top of the pyramid any longer, because it's only strength is the faith of the old adopters. And there aren't enough of these old adopters and the large majority of them aren't competent enough to push through this "U BUY COIN, ME GET RICH!!1" scheme.

[Chef Ramsay]

Another day, another slew of doomsday threads trying to freak out the newcomers. I will say this though, those new to Bitcoin need to learn the curves of being involved in such new and evolutionary technology and all the confusers and obfuscaters that are present in such a realm. I've been through my share of ups and downs and made my growing mistakes but I'm that much more insulated and relaxed from the wild talk and shakeout rhetoric. Caveat emptor, yall!

[Mervyn_Pumpkinhead]

I will say this though, those new to Bitcoin need to learn the curves of being involved in such new and evolutionary technology and all the confusers and obfuscaters that are present in such a realm.

I agree with this part. People need to be careful on who they listen to. I would recommend to be skeptical of those who:

a) Try to ridicule arguments and use personal insults instead of offering counter-arguments.
b) Try to mystify the subject and give the only explanation in a form of "you are new to this, so you wouldn't understand this complex subject anyway".
c) Try to outright ignore the critical points that the ongoing subject stresses on.

[Wilhelm]

I will say this though, those new to Bitcoin need to learn the curves of being involved in such new and evolutionary technology and all the confusers and obfuscaters that are present in such a realm.

I agree with this part. People need to be careful on who they listen to. I would recommend to be skeptical of those who:

a) Try to ridicule arguments and use personal insults instead of offering counter-arguments.
b) Try to mystify the subject and give the only explanation in a form of "you are new to this, so you wouldn't understand this complex subject anyway".
c) Try to outright ignore the critical points that the ongoing subject stresses on.

d) Repeat the same negative or positive shit, thread after thread

[dropt]

I agree with this part. People need to be careful on who they listen to.

I agree, and as such, I think I've listened to enough of your opinion.

[aigeezer]

OP's first post, back in April:

The rise is weak and it will start falling fast again at 520 or earlier.
The current rise is weaker then the one that did 465-510, and that rise already had hard time sustaining itself.
When will you people learn, that sustainable rises won't just pop out of thin air. These short lived rises are created by individual whales who get bored and decide to gamble.
BTC won't be out of this slow downfall, until there will be any important news in BTC's favour. Right now, the general public isn't buying because of the trust issues created by MtGox. Only thing that keeps the price from an collapse, is the desperation of the hodlers and miners. And desperation keeping the price up, isn't exactly creating an attractive investment environment.

Six months - and counting - of the same message. Why would anyone bother to do that? Cui bono?

[spazzdla]

I own a bunch of alt coins.  

I will never sell more than half of my current BTC holdings.

You VASTLY underestimate first mover advantage.

[serenitys]

You still have time to abandon BTC....blahblahblah

Nope