If you are waiting for the "despair phase" to buy like in 2011 consider this

[JimboToronto]

BTW, why in almost every your post you are mentioning child pron or drugs? Does it play a significant role in your reality ?

You noticed that too? Intravenous injection seems to be her favorite method.

Perhaps the Brony thing has something to do with it as well.

 

[Ivanhoe]

[butthurt spergings]

Sounds like you need a hug?

Sounds like you need some serious help?

Doing fine, actually.  As long as you cultists are around, making money on Bitcoin is fun & easy

Too bad, reality is that you don't make money. Talk is cheap. You are in denial, just face your pathetic life. That's the first step towards improvement. Even if you would trade, it still means that you wasted a lot of time trolling this board. Do you really have the illusion that the movement of the price would be different if your accounts didn't exists? Are you that delusional?

[NotLambchop]

Step away from the keyboard, Ivan's hoe, you're getting belligerent.  Here, have a nice gif to feed your Bitcoin dreams



Everything's gonna be just fine...

[ParabellumLite]

[butthurt spergings]

Sounds like you need a hug?

Sounds like you need some serious help?

Doing fine, actually.  As long as you cultists are around, making money on Bitcoin is fun & easy

Too bad, reality is that you don't make money. Talk is cheap. You are in denial, just face your pathetic life. That's the first step towards improvement. Even if you would trade, it still means that you wasted a lot of time trolling this board. Do you really have the illusion that the movement of the price would be different if your accounts didn't exists? Are you that delusional?

Having read Lamb his posts over and over again, I'm quite convinced that he isn't in it to buy Bitcoins, nor do I consider him a 'true' troll. His wittyness is too above average for that, so I think his posting is just a way for him to enjoy a good laugh. And it is working though: your response (and the responses of others) is really poisonous, ad hominem like, which will motivate him to go on .

[Ivanhoe]

Step away from the keyboard, Ivan's hoe, you're getting belligerent.  Here, have a nice gif to feed your Bitcoin dreams

I was actually planning to step away from the keyboard yes, i have other things to do.

Fact is that you'll still be here for the coming hours. And tomorrow again, and the day after that again, the day after that again, the day after that also again. You get the point You are wasting your life.

[zeroday]

In my reality bitcoin is used by regular people to book hotels, buy computers or make overseas transfers with near-zero fees.

What 'reality' is this exactly?

The reality a of person involved in international IT business who works with people around the globe.

I know dozens of people, from all walks of life, and no one has even started talking about Bitcoin on his own. I get the impression that almost no one has even heard of it, let alone need it.

I guess if you talked to the people about the Internet in the beginning of 1990s, you would get the same impression.

But then again, your avator betrays your own ideological background. As an ideologist, you likely see things you want to see, even if they do not exist in those quantities or even if they do not exist at all.

To see what caused me to use this avatar, just visit a thread in my signature.

[ParabellumLite]

In my reality bitcoin is used by regular people to book hotels, buy computers or make overseas transfers with near-zero fees.

What 'reality' is this exactly?

The reality a of person involved in international IT business who works with people around the globe.

I know dozens of people, from all walks of life, and no one has even started talking about Bitcoin on his own. I get the impression that almost no one has even heard of it, let alone need it.

I guess if you talked to the people about the Internet in the beginning of 1990s, you would get the same impression.

But then again, your avator betrays your own ideological background. As an ideologist, you likely see things you want to see, even if they do not exist in those quantities or even if they do not exist at all.

To see what caused me to use this avatar, just visit a thread in my signature.

Really harsh what they did to you. I understand what happened and why the EU acted as it did, but that doesn't make your loss less painful. What I do wonder though: was there no single sign about the imminent banking apocalypse down there? I believe I read about the crisis on Cyprus for more than a week before something actually happened there.

[NotHatinJustTrollin]

Zeroday:

To me it sounds unrealistic that the people you are talking about would use bitcoin, for a lot of reasons.
But even if that's the case, do you agree that we are talking about a ridiculous low number of people?
Sounds like you are suggesting that bitcoin is a currency for a marginalised minority.

The point of my thread is to show that the bitcoin price is a bubble and it's collapsing (and especially that the fact that in 2011 the price crashed from $32 to $2 and recovered is irrelevant, for example). Even admitting that the minority you are talking about finds usefulness in bitcoin (still have my doubts tho), price could be at $1 and stay there.

Since we have enstablished that the average joe has no reason to use bitcoin, will your minorities be sufficient for bitcoin (and not something else) to even survive? Considering the 3600 coins mined erryday and all...

Long story short: even if we admit that your minorities will use bitcoin (effectively making BTC a niche currency) , its price is a bubble and it's collapsing.

[zeroday]

Really harsh what they did to you. I understand what happened and why the EU acted as it did, but that doesn't make your loss less painful. What I do wonder though: was there no single sign about the imminent banking apocalypse down there? I believe I read about the crisis on Cyprus for more than a week before something actually happened there.

Yes, there were worrying signs about Cyprus economy, but just a day before funds were frozen my lawyer, my banker and many officials assured us that money on current accounts will not be affected. You may find details reading a few pages of my thread.

By the way if you talk to people from Ukraine and Russia you will find that many of them lost a half of their wealth because of manipulation of their countries national banks. They just don't have ability to convert their collapsing national currencies to EUR or USD because of banking restrictions.

[NotHatinJustTrollin]

Sorry to hear what happened to you but you can't say that bitcoin is a salvation from banks just because some banks fucked up.

Putting money in BTC, compared to a trustworthy bank, is pure suicide, let's be realistic here...
You are putting your funds in a speculative monster that is losing value every day, it's experimental (that's what andreas antonopulous and gavin themselves said) and might go to zero tomorrow for all we know.
Oh, and can be stolen very easily as soon as you have to move it around.

[NotLambchop]

Step away from the keyboard, Ivan's hoe, you're getting belligerent.  Here, have a nice gif to feed your Bitcoin dreams

I was actually planning to step away from the keyboard yes, i have other things to do.

Fact is that you'll still be here for the coming hours. And tomorrow again, and the day after that again, the day after that again, the day after that also again. You get the point You are wasting your life.

Wasting my life?  You undervalue Satoshi's Great Social Experiment.  Satoshi created a compressed time microcosm that mirrors the bigger reality. Where naked greed is given reign and punished, laissez-faire economy is given a chance & fails, the flaws of Austrian school are empirically shown, and the human animal could be observed & studied like naked mole rats in a plexiglass habitat.



You're fascinating and useful, Bitcoiners.  Satoshi has created something wonderful, and I'm not missing a minute of it.
Now go buy some BTC--don't make me shake the box

[JimboToronto]

...trustworthy bank...

Isn't that an oxymoron?

[NotLambchop]

...
Yes, there were worrying signs about Cyprus economy,...

Do I remember you from the Neo & Bee thread?  Did you "invest" in that Cypriot Bitcoin Bank thing?  How's that golden boy Danny Brewster doing, all good?



pwnt

[btcxyzzz]

You really gotta be colosally stupid to compare tulips and Bitcoin. Nothing else to add to discussion.

[NotHatinJustTrollin]

You really gotta be colosally stupid to compare tulips and Bitcoin. Nothing else to add to discussion.

Yet the charts look the same

Problem?

[btcxyzzz]

Tulips are crap, Bitcoin is (r)evolution of money. You don't see the difference?

[zeroday]

Zeroday:

To me it sounds unrealistic that the people you are talking about would use bitcoin, for a lot of reasons.
But even if that's the case, do you agree that we are talking about a ridiculous low number of people?

Yes, we are talking about ridiculously small number of people comparing to the world's population. The same as it was in early 1990s when ridiculously small group of people started using Internet (I was one of them, by the way)

Sounds like you are suggesting that bitcoin is a currency for a marginalised minority.

Minority, but not marginalised. I'd say it's progressive and promising minority, similar to those who was curious about computers in 1970s.
You know, if bitcoin was used by majority, its price would be far more that $100k/BTC  

The point of my thread is to show that the bitcoin price is a bubble and it's collapsing (and especially that the fact that in 2011 the price crashed from $32 to $2 and recovered is irrelevant, for example). Even admitting that the minority you are talking about finds usefulness in bitcoin (still have my doubts tho), price could be at $1 and stay there.

bitcoin market cap is so small that extreme volatility and bubble cycles are natural for it. It's still in early stage of adoption, like The Internet in 1993.

Since we have enstablished that the average joe has no reason to use bitcoin, will your minorities be sufficient for bitcoin (and not something else) to even survive? Considering the 3600 coins mined erryday and all...

Long story short: even if we admit that your minorities will use bitcoin (effectively making BTC a niche currency) , its price is a bubble and it's collapsing.

Average Joe doesn't use many progressive technologies and hardly can create a simple text file on the computer. It may take years before bitcoin becomes widely accepted by majority, but now I see real progress with that.

About collapsing price. Nobody knows if we already found the bottom of the last bubble, but it's not going to zero. Bitcoin is still promising technology and now it's developing really well (not the price).

[btcxyzzz]

zeroday +1, you really explained the fundamental stuff to these non-brainers.

[morphtrust]

there are two things I see here, in the last year, one is we are on the backside of a 4 year bubble and all the "bubble prices" we saw before were just bumps in the road, and when this bubble ends, a new one will begin, mainly because the device in question has usefulness just like others have mentioned with the internet. we will see another dotcom bubble and another housing bubble, as well as another damn government fund bubble (quantitative easing) after these all have crashed and recovered, everything goes in cycles, the question is when it is falling and good to buy now, how long can you as an investor hold out. if you can do it for quite a while, then you stand to make a fortune, but if  you have to get that investment back in 3 months or 6 months, then I have bad news for you lol.

the one thing missing from bitcoin right now (and all other cryptos) is a solid exit strategy from crypto to real world product, with out having to go through fiat, and since very few exits to fiat (your bank account) exist other than the most popular ones like litecoin and bitcoin, you are going to see all the others value's tied to the ones with the exit strategy, we need one for materials and goods as well as labor produced goods and energy. do not forget an exit to energy. everything from cars to machine shops and manufacturing plants require energy and it effects their production directly, (ie pull the plug and everything comes screeching to a halt)

so I see (and am involved in some serious) production being developed that will mount on crypto's solidly. meaning it will be far more expensive to buy product from them with fiat than it will be to buy with scrap materials used for the production, or crypto instead.

[morphtrust]

oh yeah it should also be noted that there has been an enormous amount of FUD being spread in the real world having NOTHING to do with bitcoin with one exception, it has caused a lot of panic buying of various things (guns before gun bans, meds and supplies before an expected outbreak, remember the ebola scare?) gas stocking up or fear of it going back up so people holding money they did not have to spend when it went down in price, so they could be ready for it to skyrocket back up again, so this has seriously been draining the investment capitol to crypto and other investments draining the money inflow from investors, and only having money coming in from utilizing entities, whom are going to actually use the bitcoin and other alts they buy, at some point all the FUD should end for a while and the market will spring back to life everywhere not just bitcoin or gold and stocks.