If You're Not Buying Bitcoin Now... Then You're Just Stupid.

[jcoin200]

There will ever only be 21 million coins minted. Ever. If you think about it, that means that bitcoin can only go up in value, essentially, forever.


old:
bitcoin will lift the unbanked of the third world from poverty

consumers can rest easy knowing their money is safe from hackers, unlike credit card users at target, home depot, etc

new:
next halving will cause more demand for limited supply
billions of dollars of VC being invested every month
stock market plunging, world wide economic collapse seems imminent. people of the world will use bitcoin as a hedge.

Cut your stock market losses before it's too late, invest in bitcoin! You have been warned since bottom at $275!

Wow where to start with this...How exacty will bitcoin save the poor from terrible income disparity?  Bitcoin is not going to do anything to create trillions of dollars worth of weath out of thin air, and probaby no poor peope have bitcoins to start with.

Their money is safe...yeah, tell that to the 800k that was "stolen" from Gox, or any of the other people who have been ripped off, send to the wrong address, etc, with NO consumer protection.

No, the halving will cause a lesser supply, you have no idea there will be any demand at all by then.

Not billions every month, not even close.  There have been hundreds of million though over the past couple years.

"Seems imminent" has been said for the last 5 years.  We are still in a deep recession, but a collapse doesn't seem likely.  War, yes, possibly more civil wars, but collapse, not yet.

But good luck bull troll.

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[Mervyn_Pumpkinhead]

"I bought bitcoin a while back and now I feel stupid, so, everyone else better start buying now or else I will feel even more stupid"

[NotLambchop]

I have seen instances where a homeless man refuses a new pair of shoes because he knows they will make him the target of thieves.  The same can be said for receipt of cash.  A homeless man knows he should spend all of the money he gets from begging that same day on things that cannot be stolen, like food/drink to be immediately consumed.  Anything not immediately consumed will be stolen that night while he sleeps.  Cash will be stolen.  No bank will give an account to someone who is truly homeless.  Banks require a home address.

A homeless man can use a library computer and localbitcoins to turn cash into Bitcoin and actually build up savings.  Bitcoin is the answer for the unbanked.

A homeless man using a library computer...  to do what, exactly?  
Let's say this quirky homeless guy has an online wallet.  Let's say he magically managed to fund it with coin.  Now what?

How does he spend it?  He can't even order shit online to be delivered to his cardboard box--no addy.  Mebby our homeless guy renting a PO box?

Do you ever think shit through?

what part of 'savings' did you miss there? and there are stores that take bitcoin face to face, and there will be ALOT more soon.

How is a homeless man, with just a library computer for web access, going to spend Bitcoin in a meatspace store?

[manselr]

The 21 million doesn't mean much really. The decimal point can be moved around. You would still need to go through a middle man to exchange btc to local currency for remittances. How exactly is btc going to lift the third world out of poverty? Many btc holders have already fallen victim to theft, and many more will in the future. People of the world won't suddenly turn to btc in the face of economic collapse.

Because the unbanked of the world will now be able to save their money. As the value of each bitcoin increases dramatically over the next few years, they will finally be able to accumulate wealth, free from corrupt government influences within their countries that would desire to confiscate it.

How can you possibly save wealth when there are savages everywhere that can rob and rape our family anytime? stability is needed first before third worlders can even hope to relax and acculumate wealth. Yes, BTC is great, but you are being delusional.

[r0ach]

Theft and haxors will be solved by Bitcorn banks and hardware wallets.  A Bitcorn VC guy really needs to get the hardware wallets out to the masses fast for $50 or less, preferably less.  And no, I don't mean a phone wallet, I mean an easy to use, dedicated BTC only wallet.  People would feel kind of awkward putting a phone into a safe or under their mattress.  They don't want to write down keys on a piece of paper either.  They want something they can take directly out of a safe then start beaming money around with wifi or something without having to worry about the device being bombarded by Russian cyber thieves.

[adaseb]

Honestly nobody know what a good price to buy bitcoin is it?

There is not a single person on this planet that can predict the future and know when the right time is.

Now might be the right time or it could be when the price is at $100 or maybe when the price is $5, nobody knows.

[Scottsdale]

Only when there's blood in the street, you buy.

[djnocide]

Honestly nobody know what a good price to buy bitcoin is it?

There is not a single person on this planet that can predict the future and know when the right time is.

Now might be the right time or it could be when the price is at $100 or maybe when the price is $5, nobody knows.

It's the same thing when the price will rise. For some 1k will be time to sell and for others to buy. Maybe those buying at that price will make the best deal of their life.

[cbeast]

Only when there's blood in the street, you buy.

Nobody knows when that is. It's better to use dollar cost averaging.

[piramida]

That's slightly incorrect, localbitcoins itself is a middleman - there will always be a need for escrow services in the bitcoin community, at least until the foreseeable future.  Of course, there is a far lower need for middlemen in bitcoin than any other transaction system/currency.

Why? When local currency exchangers pick up bitcoin as one of alternatives... Or some places where you meet people who need to exchange... no need for escrow, paper for bitcoin hand from hand.

[piramida]

Theft and haxors will be solved by Bitcorn banks and hardware wallets.  A Bitcorn VC guy really needs to get the hardware wallets out to the masses fast for $50 or less, preferably less.  And no, I don't mean a phone wallet, I mean an easy to use, dedicated BTC only wallet.  People would feel kind of awkward putting a phone into a safe or under their mattress.  They don't want to write down keys on a piece of paper either.  They want something they can take directly out of a safe then start beaming money around with wifi or something without having to worry about the device being bombarded by Russian cyber thieves.

Here, 20 euro for two wallets, as secure as it gets: https://hardwarewallet.com/

[efreeti]

As Geoffrey Moore describes in his award winning book "Crossing the Chasm", disruptive innovations tend to have a gap or chasm between the first two adopter groups (innovators/early adopters), and the early majority.

This is where we are right now folks.

There will ever only be 21 million coins minted. Ever. If you think about it, that means that bitcoin can only go up in value, essentially, forever.

Here are some other reasons, if you're not sold yet.

old:
bitcoin will lift the unbanked of the third world from poverty
allows for remittance for poor immigrant workers with no middle man
consumers can rest easy knowing their money is safe from hackers, unlike credit card users at target, home depot, etc

new:
next halving will cause more demand for limited supply
billions of dollars of VC being invested every month
stock market plunging, world wide economic collapse seems imminent. people of the world will use bitcoin as a hedge.

Cut your stock market losses before it's too late, invest in bitcoin! You have been warned since bottom at $275!

Growth has a limit. And tree doesn't grow to the sky.

[riiiiising]

As Geoffrey Moore describes in his award winning book "Crossing the Chasm", disruptive innovations tend to have a gap or chasm between the first two adopter groups (innovators/early adopters), and the early majority.

This is where we are right now folks.

There will ever only be 21 million coins minted. Ever. If you think about it, that means that bitcoin can only go up in value, essentially, forever.

Here are some other reasons, if you're not sold yet.

old:
bitcoin will lift the unbanked of the third world from poverty
allows for remittance for poor immigrant workers with no middle man
consumers can rest easy knowing their money is safe from hackers, unlike credit card users at target, home depot, etc

new:
next halving will cause more demand for limited supply
billions of dollars of VC being invested every month
stock market plunging, world wide economic collapse seems imminent. people of the world will use bitcoin as a hedge.

Cut your stock market losses before it's too late, invest in bitcoin! You have been warned since bottom at $275!

Growth has a limit. And tree doesn't grow to the sky.

That because tree not designed to grow to sky. bitcoin is, there is only so many coins ever minted and an ever growing world of people who will be converting to it soon.

"sell in may and go away", good advice. november is soon, which is typically bullish time for markets, bitcoin no exception. just stupid not to be buying right now.

[CryptoCarmen]

OMG riiiiising woke up that means bitcoin will start failling

[ScryptAsic]

Agree on the title, buy now or miss the boat.....

[Outlander]

Agree on the title, buy now or miss the boat.....

And you have missed the boat, I bought btc two and half years ago.

[criptix]

Agree on the title, buy now or miss the boat.....

And you have missed the boat, I bought btc two and half years ago.

Didnt buy enough i guess or why so butthurt?

[fdiini]

Gambling on price is always an irrational thing to do. Given long enough, all gamblers eventually lose it all.

[MrBig]

Well the price doesn't appear to be doing much right now. I think we'll able to buy btc at the same price at the end of the year, if not for less.

[sidhujag]

Well the price doesn't appear to be doing much right now. I think we'll able to buy btc at the same price at the end of the year, if not for less.

Everytime I read this I get more bullish