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ninjaskip (OP)
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November 01, 2014, 08:26:32 PM |
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I'am pretty sure that satochi didn't expect that bitcoin will be a big success like this so nah .. it wasen't
I think so too.. Maybe it was just his hobby. Perhaps he is just a Hobbit. |
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bitcoinaliens
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November 02, 2014, 07:45:26 AM |
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Big business is involved now... expedia, dell, tiger, overstock etc etc etc - massive money coming into it... its evolved into something else now. If it is a dump then some of the biggest, smartest, most innovative businesses and minds have fell for it... but even if they have "fallen for it", now that theyre involved it will evolve... I'm in the HOLD corner  |
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Spoetnik
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FUD Philanthropist™
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November 02, 2014, 08:28:18 AM |
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How you can say that & Satochi didn't even touch his coins on the first place  agreed ! and the op said STARTED so... guys that jumped on it after the fact and traded is not the guys who started it with as a conspiracy.. this whole logic is Fail. |
FUD first & ask questions later™ |
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abrahamlitcoin
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♔ of ♥
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November 02, 2014, 09:48:13 AM |
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This is an open discussion, so your thoughts more than welcome.
Here is what i think that happened:
"A few people with a lot of money, a few brilliant ideas and the will to fuck everyone up in order to make loads more money came up with a great idea: let's create digital money, some bullshit about fighting banks, some japanese guy that doesn't really exist, silkroad for a bit.
Let's give this Bitcoin thing value by pumping the hell out of it, and let it drop on a bunch of unwanted childs that dream of getting rich with this shit.
In the Meantime we will have an organized ring of scammers ( Karpelles, cryptorush, mintpal.. etc etc .. ) that will make us even richer.
We will also have another organized ring of scammers/devs that will create new coins so we can pump and dump the hell out of them to make even more and more money.
Once this shit gets regulated we will just leave with more billions and see ya"
People with a lot of money tend to do impossible things specially if that money came in illegally. I think there is a big possibility that btc was made so that those people can avoid incarceration. |
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nor9865
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November 02, 2014, 11:25:44 AM |
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How you can say that & Satochi didn't even touch his coins on the first place agreed ! and the op said STARTED so... guys that jumped on it after the fact and traded is not the guys who started it with as a conspiracy.. this whole logic is Fail. Hold up. How can we be sure Satoshi didn't mine coins while he was collecting his big stash? I'm sure he mined a few 1000 which have moved around and are still active, possible in his control, moved in 2014 maybe. |
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belk
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November 02, 2014, 12:29:07 PM |
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It might be.. Lets just wait.It will unravel itself soon.
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notbatman
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November 02, 2014, 12:38:35 PM |
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...
Bitcoin is a pump and dump just like gold is. This says it all.
Isn't gold also getting scammed to hell with tungsten and paper gold? |
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s.mouse
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November 02, 2014, 12:41:06 PM |
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...
Bitcoin is a pump and dump just like gold is. This says it all.
Isn't gold also getting scammed to hell with tungsten and paper gold? I don't think he was making a case for gold being better, but bitcoin and gold are very different things and both open to manipulation. Bitcoin may be better as a currency, but gold has intrinsic physical value. |
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Lethn
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November 02, 2014, 04:04:51 PM |
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I think a lot of people here and elsewhere are a bunch of bitter old men who think that the central banking system can't be defeated while completely failing to realise that these very same people don't know how to use email or bring up word.
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ninjaskip (OP)
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November 02, 2014, 04:09:10 PM |
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I think a lot of people here and elsewhere are a bunch of bitter old men who think that the central banking system can't be defeated while completely failing to realise that these very same people don't know how to use email or bring up word.
You have a good point, but the bank system is hard to be defeated if any new technologies are backed or given value in FIAT. |
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SunBin
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November 02, 2014, 04:13:47 PM |
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The technology to transfer money abroad safely and quickly is real. Not saying bitcoin will not drop further or get replaced by existing banking industry using the same protocol.
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Lethn
Legendary
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November 02, 2014, 04:41:12 PM |
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I think a lot of people here and elsewhere are a bunch of bitter old men who think that the central banking system can't be defeated while completely failing to realise that these very same people don't know how to use email or bring up word.
You have a good point, but the bank system is hard to be defeated if any new technologies are backed or given value in FIAT. That doesn't mean a thing if everybody who is young uses new technology and their only I.T staff defects from the government |
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Wagnaro
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November 02, 2014, 04:50:48 PM |
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It's probably not a pump and dump coin but good coins get dumped too and still they survive. Anyway I saw a tweet saying that bitcoin is going to be dumped hard in next 48 hours, Is there any truth in it?
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ninjaskip (OP)
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November 02, 2014, 05:08:09 PM |
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It's probably not a pump and dump coin but good coins get dumped too and still they survive. Anyway I saw a tweet saying that bitcoin is going to be dumped hard in next 48 hours, Is there any truth in it?
I predict that yes, is the time to drop another 100 dollar. It is a pattern from the bots that are setting the price. |
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ninjaskip (OP)
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November 02, 2014, 05:08:57 PM |
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It's probably not a pump and dump coin but good coins get dumped too and still they survive. Anyway I saw a tweet saying that bitcoin is going to be dumped hard in next 48 hours, Is there any truth in it?
I predict that yes, is the time to drop another 100 dollar. It is a pattern from the bots that are setting the price. 325 dollars right now ... |
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ninjaskip (OP)
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November 02, 2014, 05:12:21 PM |
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The technology to transfer money abroad safely and quickly is real. Not saying bitcoin will not drop further or get replaced by existing banking industry using the same protocol.
Yeah the technology to transfer money abroad safely and quickly got tested right with bitcoin. |
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Some1else0
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November 02, 2014, 09:09:38 PM |
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I doubt it was a pump and dump. At the beginning there was never any guarantee that it would even be adopted or have a value. There's no way they could've predicted it would be worth this much 6 years from then. There's too many variables that don't make sense.
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ninjaskip (OP)
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November 03, 2014, 10:21:08 PM |
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According to experts from Goldman Sachs, Bitcoin may be just a payment mechanism, not a coin. The future of virtual currency Bitcoin is a big question mark.  Yep it is, what is clear that the hopes of everyone to get rich, as of investing in Bitcoin to dump for 10.000% profit is long gone. |
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capoeira
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November 04, 2014, 01:05:27 AM |
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what I don't understand is how it all started. noone would buy something that has no value (the first mined coins). so who bought the first coins? It might have started as a pump and dump, and once this caused a valorization it caused a chain reaction.
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harrymmmm
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November 04, 2014, 01:18:24 AM |
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what I don't understand is how it all started. noone would buy something that has no value (the first mined coins). so who bought the first coins? It might have started as a pump and dump, and once this caused a valorization it caused a chain reaction.
Noone designed it as a pump and dump scheme. It was designed as a digital currency (as were all the digital currencies from the early 90's). It was obvious that an exchange was needed to determine a price for it, but even before one became available, the first transaction occurred when a miner offered 10000BTC for a couple of pizzas. No pizza shop accepted them, so an aspiring bitcoin user paid fiat for the pizzas and made the trade to obtain his bitcoins. That determined the first defined price (about .2 cents). Interestingly, it wasn't zero before that really...it was undefined. |
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