Bitcoin Forum
November 06, 2024, 11:30:01 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Do you really think bitcoin can't fail?  (Read 1198 times)
ekissane (OP)
Member
**
Offline Offline

Activity: 65
Merit: 10


View Profile WWW
December 18, 2014, 08:19:10 AM
 #1

I'm not trying to be a scare mongering bear but the last few months have been difficult to stomach.  I don't have much to lose as I made a lot of money last year with bitcoin so if it tanks so be it but I'd love to see it soar.
I haven't lost faith yet but starting to.
What do you think?
Muuurrrrica!
Member
**
Offline Offline

Activity: 84
Merit: 11


View Profile
December 18, 2014, 08:22:21 AM
 #2

i think it's healthy to keep looking at all possibilities.

People not wanting to see/refuse to discuss all angles live a dangerous investors life. They are more  playing roulette.

Good trader keeps an open mind to all options but on the other hand does not let himself be directly affected by what others say. Draw your own conclusions while listening to all angles is good advice maybe.

Of today i found this thread interesting:
https://bitcointalk.org/index.php?topic=897019.0

i am undecided right now like most are.
zetaray
Hero Member
*****
Offline Offline

Activity: 658
Merit: 500


View Profile
December 18, 2014, 08:24:38 AM
 #3

There will be hiccups and there will be security issues. But there are devs to fix them and community support. That is want makes bitcoin much stronger than any other alts.

.CryptoTotal.com.
                              l█████████▇▀
                              ████████▇▀
                              ███████▇▀
                              ██████▇▀
                              █████▇▀
                              ████▇▀
                              ███▇▀
                              ██▇▀
                              █▇▀
                              ▇▀
▇▇
▇▇

Express.Crypto.Checkout
Accepts Multiple Cryptos
Worldwide Shipping
Muuurrrrica!
Member
**
Offline Offline

Activity: 84
Merit: 11


View Profile
December 18, 2014, 08:25:32 AM
 #4

There will be hiccups and there will be security issues. But there are devs to fix them and community support. That is want makes bitcoin much stronger than any other alts.

oh well, alts can do the same. But i think your comment is a little offtopic right there  Cheesy
zetaray
Hero Member
*****
Offline Offline

Activity: 658
Merit: 500


View Profile
December 18, 2014, 08:32:43 AM
 #5

oh well, alts can do the same. But i think your comment is a little offtopic right there  Cheesy

No they can't. I have read your recent posts. Please keep your alt pump and dump crap elsewhere.
DON'T FEED THE TROLLS!

.CryptoTotal.com.
                              l█████████▇▀
                              ████████▇▀
                              ███████▇▀
                              ██████▇▀
                              █████▇▀
                              ████▇▀
                              ███▇▀
                              ██▇▀
                              █▇▀
                              ▇▀
▇▇
▇▇

Express.Crypto.Checkout
Accepts Multiple Cryptos
Worldwide Shipping
Muuurrrrica!
Member
**
Offline Offline

Activity: 84
Merit: 11


View Profile
December 18, 2014, 08:33:34 AM
Last edit: December 18, 2014, 08:59:50 AM by Muuurrrrica!
 #6

oh well, alts can do the same. But i think your comment is a little offtopic right there  Cheesy

No they can't. I have read your recent posts. Please keep your alt pump and dump crap elsewhere.

why can they not? (this thread is now hijacked)

edit:
ah, i see you refuse to discuss. Your choice.
MemoryShock
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500


View Profile
December 18, 2014, 08:38:40 AM
 #7

I think twenty million into sidechain research (http://dcmagnates.com/tech-leaders-affirm-their-faith-in-sidechains-invest-21-million-in-blockstream/)...after a year of falling price...is a great indicator into the direction of this question.

Is BTC to big to fail?  No.  But decentralized banking is coming and I don't think that BTC is going to not be a part of that.

Or not...

██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
  I/O DIGITAL
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
iodigital.io & iocoin.io

█████████████████
███████████████████
████████▌████████▐████
███████████████████████
████████████████████████
█████▌██████████████▐███
█████▌██████████████▐███
█████▌██████████████▐███
████████████████████████
███████████████████████
████████▌████████▐████
███████████████████
█████████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
exocytosis
Sr. Member
****
Offline Offline

Activity: 476
Merit: 250


View Profile
December 18, 2014, 08:41:06 AM
 #8

I think 2015 will be the year Bitcoin goes back to single digits, where it belongs. It'll be the year when cultists and bulltards start having a really hard time recruiting innocent newbies into this ponzi scheme.
samson
Legendary
*
Offline Offline

Activity: 2097
Merit: 1070


View Profile
December 18, 2014, 09:12:16 AM
 #9

Bitcoin won't fail, it will continue regardless of what happens to the price.

The price doesn't really matter. What matters in my opinion is some form of stability, be it at $1 or $1000, it's irrelevant.

If Bitcoins cost $1 each they can still be spent just as easily as when they cost $1000 each, you just buy more of them to make your transaction.

Speculators always run the risk of losing everything, but you knew that anyway.
spiderbrain
Legendary
*
Offline Offline

Activity: 889
Merit: 1013



View Profile
December 18, 2014, 09:22:18 AM
 #10

Bitcoin doesn't stand or fail based upon the price, it stands or fails based upon whether it is used, and it is being used more and more. I have also watched this year going by losing a lot of theoretical value, but on the other hand I've been more and more glad I sold some at the top. If the fundamentals were looking worse than last year I might be worried, but they are all looking on track as far as I'm concerned. My perspective is one of a multi-year high risk investment, and all of the fundamentals which would lead to it eventually bearing fruit are progressing as I expected, so I can't complain.

It looks like we're going to test the 275 bottom again, we might break it, we might not, but if it goes a lot lower I'll just start replacing the one's I sold before.

Soros Shorts
Donator
Legendary
*
Offline Offline

Activity: 1617
Merit: 1012



View Profile
December 18, 2014, 10:15:50 AM
 #11

Bitcoin won't fail as long as someone is running a node on the network and the price is not $0. A $4 billion market cap won't disappear overnight.
DaRude
Legendary
*
Offline Offline

Activity: 2902
Merit: 1914


In order to dump coins one must have coins


View Profile
December 18, 2014, 10:38:09 AM
 #12

Well go back to basics, how do you determine failure? In hashing power? VC $$? adoption? Or in $$ amount? Then, will it fail for you if it goes to $250 $200 $150 ...?

Until you start seeing major online drug markets start switching to some alt Bitcoin is doing alright. That's be my first indicator

"Feeeeed me Roger!"  -Bcash
Elwar
Legendary
*
Offline Offline

Activity: 3598
Merit: 2386


Viva Ut Vivas


View Profile WWW
December 18, 2014, 10:41:55 AM
 #13

It won't fail as long as I am still alive. So...another 1 or 2 hundred years at least.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
Amph
Legendary
*
Offline Offline

Activity: 3248
Merit: 1070



View Profile
December 18, 2014, 11:22:29 AM
 #14

is still far above the last fall, so why worry about it? those are just dumping before the christmas holiday, people need to buy their gift

you should buy bitcoin as a gift
nauane
Full Member
***
Offline Offline

Activity: 322
Merit: 101


View Profile
December 18, 2014, 11:41:20 AM
 #15

There will be hiccups and there will be security issues. But there are devs to fix them and community support. That is want makes bitcoin much stronger than any other alts.
You're right. I share your opinion
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!