I am pretty confident we are the new fiat slaves, gentlemen.

[chaoman]

how is it going to fall to 1$ when there are only 21 million of them? I'm sure theres more than 21 million $ in the whole world willing to buy bitcoin.

[canary]

Some of you really think that Bitcoin technology comes to a deadlock and other altcoins will succeed. If others have progress, Bitcoin has the same progress; that means all the time Bitcoin will be one step further than others. It's not easy to talk about the price; but for sure Bitcoin will be precious commodity in the future.

[zetaray]

All you should care about is 1 BTC = 1 BTC.

Yes, there are too much attention on 1btc = $?. We should not think too much about the price and value in fiat. When bitcoin price is stable, whether 1btc=$1 or $1000, it is equally as useful.

[franky1]

when the op's opening argument is about the bitcoin price, and not bitcoins purpose...... you got to wonder why do those type of people even bother thinking they are bitcoiners..

so i have to agree...... the OP is a fiat slave

[freedomno1]

Some altcoin will still survive, no doubt.  They're fairly resilient.

One altcoin will eventually surpass Bitcoin.  Bitcoin is the first, and as evolution has shown us, the first draft never lasts long as there are always changes for the better.

True enough but while we are waiting for the next coin we can still enjoy the volatility here unless the true coin ends up being Bitcoin
That or the developments start picking up somewhere to make either statement a reality.

[flipstyle]

BTC has proven able to surprise in both directions:
It could go to $43 and hit $2,499 in the same 12 month period...

...and this place would be more fun again.

dude, it's a pump and dump shitcoin
it's not superior to any other coin  - only in hashrate and that should change too hopefully.

A good coin is no torture but fun. Bitcoin is low-end outdated shitcoin with far too much hashrate on it. (no wonder because it pays miners massive amounts of coins)

People got wise - nobody gonna buy coins just to give their money to miners. Bitcoin is going nowhere until it gets pumped and dumped again at the halving and then do nothing for 4 years again like every p'nD pennystock does.

You got to note: bitcoin goes down for months and months with no real bottom, then shoots up for 2 weeks and gets dumped again. It's the perfect pump and dump shitcoin.  

Pretty scammy too.

If you want to save your funds from economic turmoil buy gold, silver, food, guns - not bitcoin
Bitcoin is just a bad gambling-habbit and will go nowhere.

Although your username is pretty hilarious and troll-esque, it's hard to argue against any of your points.


Pump and dump? Check.

Same exact trend has happened to every other alt coin in the history of mankind.  

Doge, Aurora, Lite, Black, Dark, NXT, Vert...you name it, it's suffered the same fate.  Started dirt cheap, rose astronomically 100-100,000% within a matter of hours/days...then crashed hard to the floor as the pumpers realized profits and moved on.

Bitcoin so far has been no different.  Check and compare the long term charts of all these digital currencies.  And none of them have ever come back to realize their initial pump and dump prices.  None.  Matter of fact, most have gone on to become worth basically a milli fraction of what they used to be...or completely vanished altogether.

The entire bitcoin/altcoin game just seems like a virtual game of monopoly by young techies and scammers.  It's been ridiculous for months now.  Sexcoin? Unobtanium? Pandacoin? Koinye?   I mean really...when you step back with a level head and really assess the situation, you'll see how ridiculous the entire thing has become.  It's a joke.    And the funny thing is, a good majority of these exchanges that have popped up are no different.  Young techie scammers with absolutely zero knowledge of how a business or corporation is run...yet it's so easy to feed off the others to buy in because they're even more desperate to turn a profit.   Create a decent looking homepage with a 25 dollar wordpress template, create some shill accounts, and write up an ANN thread and basically you'll have investors flocking like flies. 

All in all, bitcoin is a fun social and technological experiment, but so far it's mainly brought out the worst in people.  Greed. Which is the very exact thing it sought to combat with the corruption of fiat.  It's as bad and probably even worse especially when there is such low accountability when you're dealing with faceless people behind a laptop.

[jubalix]

How does the dynamic on bitcointalk change when the bitcoin experiment fails and it falls to the $1-$5 range? The legendary early adopters will no longer hold power and the forum at whole will become a better distributed/ fairer environment. Since most people came into bitcoin to increase their FIAT holdings, they have totally missed the point and too much emphasis is on price rather than technology. Looking over the forum, people are foaming at the mouths like rabid dogs, hoping (like a religious sect) for the price to rise. They have indirectly become slaves to the very system that satoshi was looking to fix.

As soon as bitcoin fails, we can live in harmony. All you should care about is 1 BTC = 1 BTC.

 

a doge person escaped to BTC talk?

[TruthBear]

when the op's opening argument is about the bitcoin price, and not bitcoins purpose...... you got to wonder why do those type of people even bother thinking they are bitcoiners..

so i have to agree...... the OP is a fiat slave

Every person who loses sleep over the bitcoin price in relation to fiat is a slave. Posting in any thread regarding bitcoin value makes you a slave.

We have all become slaves to the system we were trying to avoid. All we can do is stop thinking about the fiat price and the misery will go away.

[Flashman]

Doge, Aurora, Lite, Black, Dark, NXT, Vert...you name it, it's suffered the same fate.  Started dirt cheap, rose astronomically 100-100,000% within a matter of hours/days...then crashed hard to the floor as the pumpers realized profits and moved on.

Hum, that's like saying Ford is going bankrupt tomorrow because other people's folding bicycles never really took off. Save retcon for your favorite comic books, it can't happen in the real world.

[flipstyle]

Doge, Aurora, Lite, Black, Dark, NXT, Vert...you name it, it's suffered the same fate.  Started dirt cheap, rose astronomically 100-100,000% within a matter of hours/days...then crashed hard to the floor as the pumpers realized profits and moved on.

Hum, that's like saying Ford is going bankrupt tomorrow because other people's folding bicycles never really took off. Save retcon for your favorite comic books, it can't happen in the real world.

Not sure I'm catching your analogy.

Are you refuting what I'm saying that every single digital currency has been pumped and dumped and never fully recovered...all exhibiting the same market bubble long term trend? If so, I'd LOVE to hear your analysis to the contrary.

[Flashman]

No I'm saying that you cannot predict the failure of the dominant product in the market by the failures that came AFTER it and never really challenged it's dominance.

It sounds like you're saying something similar to "WebTV never took off, this absolutely proves beyond a shadow of a doubt that the internet is DOOOOOOMED!!!! DOOOOOOOOOOMMMMED!!!"

[LiteCoinGuy]

bitcoin sub 100$ means a couple of things:

-can't hold value (shit to put money on longterm)
-an altcoin has easy game to conquer no.1 spot
-it ruined a lot of people and these people will not come back or buy lower - they will give you sellwalls
-your myth of exponential growth is debunked (already is)
-extreme volatility confirmed
- and so on


Bitcoin sub 100$ is not going to come back up imo - or not higher than back to 200$ before dumping down again.

-an altcoin has easy game to conquer no.1 spot
you are dreaming  

-can't hold value (shit to put money on longterm)
take a look at a 2 year chart

-extreme volatility confirmed
hell yeah, like a pennystock  

-your myth of exponential growth is debunked (already is)
you listen to the wrong people

- and so on
watch a bitcoin 101

[flipstyle]

No I'm saying that you cannot predict the failure of the dominant product in the market by the failures that came AFTER it and never really challenged it's dominance.

It sounds like you're saying something similar to "WebTV never took off, this absolutely proves beyond a shadow of a doubt that the internet is DOOOOOOMED!!!! DOOOOOOOOOOMMMMED!!!"

I'm simply stating every digital currency created up til this point has suffered the same exact pattern of an artificial pump and dump bubble.  Not one of them hasn't.  Whether from the actual coin creators or investors, all have been whored to death and then promptly dropped like a 5 dollar hooker.

I'm not claiming to know the future.  But I also base my opinions on facts, and trends.  And as of right now, the price trends/charts/and all the recent fraud news does NOT bode well for any crypto, bitcoin included.

As an owner of over 4btc (far from a fortune, but it's still money) and having lost over 8 btc on various exchange thefts, I wish this was not the case.  But it's really disgusting how dark the bitcoin community has gotten.  It's a sesspool of fraud and manipulation...which are the exact things that will run it to the ground and prevent it from gaining true mainstream adoption.

[Flashman]

As an owner of over 4btc (far from a fortune, but it's still money) and having lost over 8 btc on various exchange thefts,

So it's bitcoins fault, like how if you gave 800 bucks to a guy on the corner who said he would be back with the "stuff" in 5 minutes, and you waited there a whole hour before you "got it" ... is the dollars fault.

[turvarya]

No I'm saying that you cannot predict the failure of the dominant product in the market by the failures that came AFTER it and never really challenged it's dominance.

It sounds like you're saying something similar to "WebTV never took off, this absolutely proves beyond a shadow of a doubt that the internet is DOOOOOOMED!!!! DOOOOOOOOOOMMMMED!!!"

I'm simply stating every digital currency created up til this point has suffered the same exact pattern of an artificial pump and dump bubble.  Not one of them hasn't.  Whether from the actual coin creators or investors, all have been whored to death and then promptly dropped like a 5 dollar hooker.

I'm not claiming to know the future.  But I also base my opinions on facts, and trends.  And as of right now, the price trends/charts/and all the recent fraud news does NOT bode well for any crypto, bitcoin included.

As an owner of over 4btc (far from a fortune, but it's still money) and having lost over 8 btc on various exchange thefts, I wish this was not the case.  But it's really disgusting how dark the bitcoin community has gotten.  It's a sesspool of fraud and manipulation...which are the exact things that will run it to the ground and prevent it from gaining true mainstream adoption.

Same as apple stocks:
https://finance.yahoo.com/echarts?s=AAPL+Interactive#%7B%22range%22%3A%2210y%22%2C%22scale%22%3A%22linear%22%7D
Is apple just a pump and dumb?

[Muuurrrrica!]

Bitcoin was the first mover shitcoin. It is the unchallenged king of shitcoins! Bow down to its glory pesants!  
It was the first and nothing will come after it!!! Just eat it! If you don't want it we'll ram it down your throat!
Pay your taxes to the miners and shut up!
The mighty shitcoin will not be challenged! Why pay 5% to your government when you can pay 10% to the anonymous miners? ShBitcoin revolution forever!

[vm_mpn]

Bitcoin was the first mover shitcoin. It is the unchallenged king of shitcoins! Bow down to its glory pesants!  
It was the first and nothing will come after it!!! Just eat it! If you don't want it we'll ram it down your throat!
Pay your taxes to the miners and shut up!
The mighty shitcoin will not be challenged! Why pay 5% to your government when you can pay 10% to the anonymous miners? ShBitcoin revolution forever!

Now, you get it. Welcome to the club!

[flipstyle]

No I'm saying that you cannot predict the failure of the dominant product in the market by the failures that came AFTER it and never really challenged it's dominance.

It sounds like you're saying something similar to "WebTV never took off, this absolutely proves beyond a shadow of a doubt that the internet is DOOOOOOMED!!!! DOOOOOOOOOOMMMMED!!!"

I'm simply stating every digital currency created up til this point has suffered the same exact pattern of an artificial pump and dump bubble.  Not one of them hasn't.  Whether from the actual coin creators or investors, all have been whored to death and then promptly dropped like a 5 dollar hooker.

I'm not claiming to know the future.  But I also base my opinions on facts, and trends.  And as of right now, the price trends/charts/and all the recent fraud news does NOT bode well for any crypto, bitcoin included.

As an owner of over 4btc (far from a fortune, but it's still money) and having lost over 8 btc on various exchange thefts, I wish this was not the case.  But it's really disgusting how dark the bitcoin community has gotten.  It's a sesspool of fraud and manipulation...which are the exact things that will run it to the ground and prevent it from gaining true mainstream adoption.

Same as apple stocks:
https://finance.yahoo.com/echarts?s=AAPL+Interactive#%7B%22range%22%3A%2210y%22%2C%22scale%22%3A%22linear%22%7D
Is apple just a pump and dumb?

Did you really just compare the organic 4 year price increase of the largest corporation in terms of consumer electronics sales worldwide to a 24 month bubble spike chart of a speculative new tech named bitcoin?  

Like, I'm honestly not sure if you're being serious or not.

Lol.  This is hopeless.

You are the primary reason why most bitcoin and altcoin 'investors' get hosed.  Because they have no idea how markets really work.  They just see dollar signs and jump on the first hypes of 'TO DA MOOOON!!!!!!'

[Flashman]

OMG no, please don't make us compare the trend over 4 years for both of them!!!

Did you seriously just compare the Cult of Jobs to the worlds first digital currency?

[dmugetsu]

We'll see if bitcoin can drop pretty low in 2015

FLUCTUATION