Losing faith

[manselr]

Bitcoins price is too bloated to promise people easy riches. And that has been the main attraction to buy BTC.
BTC's large market cap is made out of artificial deficit and fraudulent trading by MtGox's bots and fantasy fiat.
So, now the market will just slowly run dry while new alternatives emerge that have better technological properties and a smaller market cap, that will attract the get rich quick gamblers again.

Bitter troll who missed out on any gains posting negative tripe again. You reference get rich quick gamblers, oh the irony. If alt coins are so amazing, why devote any wasted time on here at all?

Well, how he isn't completely spot on with this:

Bitcoins price is too bloated to promise people easy riches. And that has been the main attraction to buy BTC.

It doesn't get any more accurate than this. The main attraction, excluding crypto nerds that love the technology, for Bitcoin, has been storing wealth and hoping it goes up with time. That's that. The common folk is not interested in consuming with Bitcoin. How can you prove this wrong? It's the cold hard fact. And when the common folk sees they cannot get much profit anymore, Bitcoin will become a game of rich people, just like Gold. It will be digital Gold, not digital currency as we know it. That's that.

[CryptoCarmen]

Ah the fallback of the bear troll - you are just helping out those inexperienced bitcoiners from everyone else on this forum? I would compare you to Edward50 but we both know you will be long as hell if the price moves up from here

You asked and I answered.
I seriously doubt that I'll put some money back into BTC. Something really big and important would have to happen, but I don't see anything like that on the horizon. I see only a slow and painful downfall.

Why painful? I dont understand this part well.

[inca]

Bitcoins price is too bloated to promise people easy riches. And that has been the main attraction to buy BTC.
BTC's large market cap is made out of artificial deficit and fraudulent trading by MtGox's bots and fantasy fiat.
So, now the market will just slowly run dry while new alternatives emerge that have better technological properties and a smaller market cap, that will attract the get rich quick gamblers again.

Bitter troll who missed out on any gains posting negative tripe again. You reference get rich quick gamblers, oh the irony. If alt coins are so amazing, why devote any wasted time on here at all?

Well, how he isn't completely spot on with this:

Bitcoins price is too bloated to promise people easy riches. And that has been the main attraction to buy BTC.

It doesn't get any more accurate than this. The main attraction, excluding crypto nerds that love the technology, for Bitcoin, has been storing wealth and hoping it goes up with time. That's that. The common folk is not interested in consuming with Bitcoin. How can you prove this wrong? It's the cold hard fact. And when the common folk sees they cannot get much profit anymore, Bitcoin will become a game of rich people, just like Gold. It will be digital Gold, not digital currency as we know it. That's that.

You seem new here.

I suggest you a) review his post history, and, b) look at the log chart of bitcoin over the past few years.

Price weakness has incorrectly predicted the death of bitcoin at least four times previously. There are many reasons why bitcoin could go on to great things in the coming years - speculation in the price is not really one of them.

Satoshi said it best: If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.

[NotLambchop]

You're confusing tanking price with death of Bitcoin.  Bitcoin won't die as long as there are a couple of netbooks mining it.  Even if the coins mined are worth exactly zero.

[liexel]

is this the capitulation?

[Hyena]

I made a mistake with this BTC's prediction. I had some information that turned out to be invalid. The main stress on this prediction went on PPC though, and luckily that wasn't invalid. I still consider PPC highly potential in the coming months. BTC not so much anymore.

I'm also very bullish on Peercoin. Care to share your knowledge about what big things are coming to PPC in the coming months?

[Thomas-s]

is this the capitulation?

Anger.

[djnocide]

You're confusing tanking price with death of Bitcoin.  Bitcoin won't die as long as there are a couple of netbooks mining it.  Even if the coins mined are worth exactly zero.

As long as people believe in it, it won't die.

[Wilhelm]

is this the capitulation?

Ask falllling

[CyberSuzy]

is this the capitulation?

Ask falllling

He is not on forum anymore, now is Riiising turn.

[Capt Drake]

Why are we going down ?

Because that's what a market does, it goes up and down 

[deephouse]

It's difficult to trade BTC if you are not ready to loose 50% of that (precaution). The market is very volatile and anyone with big orders can sway the market price. You need to keep calm and jump in on the right target price.

Never regret your decisions in the future. It's a bad sign in trading.

[oblivi]

Bitcoins price is too bloated to promise people easy riches. And that has been the main attraction to buy BTC.
BTC's large market cap is made out of artificial deficit and fraudulent trading by MtGox's bots and fantasy fiat.
So, now the market will just slowly run dry while new alternatives emerge that have better technological properties and a smaller market cap, that will attract the get rich quick gamblers again.

Bitter troll who missed out on any gains posting negative tripe again. You reference get rich quick gamblers, oh the irony. If alt coins are so amazing, why devote any wasted time on here at all?

Well, how he isn't completely spot on with this:

Bitcoins price is too bloated to promise people easy riches. And that has been the main attraction to buy BTC.

It doesn't get any more accurate than this. The main attraction, excluding crypto nerds that love the technology, for Bitcoin, has been storing wealth and hoping it goes up with time. That's that. The common folk is not interested in consuming with Bitcoin. How can you prove this wrong? It's the cold hard fact. And when the common folk sees they cannot get much profit anymore, Bitcoin will become a game of rich people, just like Gold. It will be digital Gold, not digital currency as we know it. That's that.

You seem new here.

I suggest you a) review his post history, and, b) look at the log chart of bitcoin over the past few years.

Price weakness has incorrectly predicted the death of bitcoin at least four times previously. There are many reasons why bitcoin could go on to great things in the coming years - speculation in the price is not really one of them.

Satoshi said it best: If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.

That doesn't change the fact most people are in Bitcoin to make money, otherwise they aren't interested.

[eoakland]

Satoshi also said the SF Giants will win the World Series, and that SF 49ers stomp those crappy Broncos into the ground this Sunday, thanks Satoshi !

[Kimowa]

And now we are up to $390 already, so you shouldn't lose faith just because it drop like 15$.

[monetizator4]

What is FIAT ?

Fiat money is currency which derives its value from government regulation or law. USD, for example.

[nextblast]

What is FIAT ?

FIAT is an Italian car brand, short for Fabbrica Italiana Automobili Torino

Joking. Fiat is currency, while btc is money. you can watch the documentary "Hidden scerets of money". You'll get the idea.

[Omikifuse]

And now we are up to $390 already, so you shouldn't lose faith just because it drop like 15$.

now we are sub 380


Don't create expectives so you will neer be disappointed

[CryptoCarmen]

And now we are up to $390 already, so you shouldn't lose faith just because it drop like 15$.

now we are sub 380


Don't create expectives so you will neer be disappointed

$384 now. it seems BTC become stable.

[fewcoins]

if we don't break 385 soon then I'll be worried...