Bitcoin Suicide / Kill ?

[poncho32]

There are an awful lot of newbie accounts posting that bitcoin is dead today.

[1714605779]

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[homo homini lupus]

Many of us thought about the fundamentals pretty deeply 3 or 4 years ago. Nothing's changed, except massive development and expansion of the ecosystem.

+1

pretending to 'think deeply' doesn't change your charts. The charts are proof your 'deep thinking' is worth jack shit.
Stop with the bucket-bong, you deep-thinking potheads.

Oh I think they are spot on. It's the fundamental utility of bitcoin that I look at also. The price is a function of a bunch of amateur speculators. The utility is what has attracted smart money. The fastest, safest and cheapest payment network is worth billions.

Whatever you say. You specifically have been seen to advise people to hold and buy all year long. You, sir are a failure.

[MichaelBliss]

...
A whole year of bearmarket topped off by an epic crash should start make you think about the fundamentals.

Many of us thought about the fundamentals pretty deeply 3 or 4 years ago. Nothing's changed, except massive development and expansion of the ecosystem.

3 years ago, I thought bitcoin had a 1 in 100 chance of main stream adoption.  Today it's 50/50 in my book.  Maybe better.   I don't think the price going far below the "cost of production" is a good thing to celebrate though.  Chip manufacturers will go out of business, etc.

Bitcoin is ready for a cartel to move the price up  I believe. 

[superresistant]

Many of us thought about the fundamentals pretty deeply 3 or 4 years ago. Nothing's changed, except massive development and expansion of the ecosystem.

+1

pretending to 'think deeply' doesn't change your charts. The charts are proof your 'deep thinking' is worth jack shit.
Stop with the bucket-bong, you deep-thinking potheads.

Oh I think they are spot on. It's the fundamental utility of bitcoin that I look at also. The price is a function of a bunch of amateur speculators. The utility is what has attracted smart money. The fastest, safest and cheapest payment network is worth billions.

Whatever you say. You specifically have been seen to advise people to hold and buy all year long. You, sir are a failure.

You're a noob trader and lost money. Get over it.

[homo homini lupus]

You're a noob trader and lost money. Get over it.

Maybe surprises you but i didn't even loose money - i just lost time with this crap.
Your insider business with these coins is of no importance to the rest of  the world.
What rages me out are these dumb-smart know-it-alls who still think they can post here their bullshit after being wrong all year without any repercussion.  

[legendster]

Bitcoin is ready for a cartel to move the price up  I believe. 

You tokeen tu mi ?

[RodeoX]

Many of us thought about the fundamentals pretty deeply 3 or 4 years ago. Nothing's changed, except massive development and expansion of the ecosystem.

+1

pretending to 'think deeply' doesn't change your charts. The charts are proof your 'deep thinking' is worth jack shit.
Stop with the bucket-bong, you deep-thinking potheads.

Oh I think they are spot on. It's the fundamental utility of bitcoin that I look at also. The price is a function of a bunch of amateur speculators. The utility is what has attracted smart money. The fastest, safest and cheapest payment network is worth billions.

Whatever you say. You specifically have been seen to advise people to hold and buy all year long. You, sir are a failure.

Not sure where you get that. I do not advise ANY speculation. But if this is failure, bring it!
I have spent more than 10 times what I bought. I buy guns, vacations, electronics, camping gear, dinners, pounds of gold, etc. The trick is having a strategy and the discipline to follow that strategy. I don't just make it up as I go. I have specific mathematical formulas for buying when the price is right and I never put in money that I need elsewhere.

[legendster]

You're a noob trader and lost money. Get over it.

Maybe surprises you but i didn't even loose money - i just lost time with this crap.
Your insider business with these coins is of no importance to the rest of  the world.
What rages me out are these dumb-smart know-it-alls who still think they can post here their bullshit after being wrong all year without any repercussion.  

So let me get it straight.

You are mad because you spent a year watching the price of Bitcoins fall and rise and fall and never even engaged in any form of interaction with the coins.

BUT

You want the people who did interact with bitcoin to pay or suffer some form of repercussions for your 'lost time spent watching others trade' ??
What kinda logic is that ?

[superresistant]

You're a noob trader and lost money. Get over it.

Maybe surprises you but i didn't even loose money - i just lost time with this crap.
Your insider business with these coins is of no importance to the rest of  the world.
What rages me out are these dumb-smart know-it-alls who still think they can post here their bullshit after being wrong all year without any repercussion. 

You think one can have authority on Internet ?
Come on, get over it.
Trading BTC is a zero sum game. The money you lost is in other traders pocket, that's the game, you knew it.

If you'd spent your time on building a business or reputation instead of trading, you wouldn't have wasted your time.

[MichaelBliss]

Bitcoin is ready for a cartel to move the price up  I believe. 

You tokeen tu mi ?

That's "Taxi Driver" man.   Wrong script, but points for effort. 

[Arv1e]

...
A whole year of bearmarket topped off by an epic crash should start make you think about the fundamentals.

Many of us thought about the fundamentals pretty deeply 3 or 4 years ago. Nothing's changed, except massive development and expansion of the ecosystem.

Simple point.. Well put!

[legendster]

Hi,

Bitcoin failed to stop manipulation and control the mass down.

is this suicide / killed by any factor like bitstamp, bulls, difficulty etc., ?

just curious to know from bitcoin socialist.

Arent you the idiot who tried to scam Pankaj ?

Just to point out how much of an IDIOT the OP really is, for the above statement the OP left me a Negative rep... so now any of you guys can teach this idiot sob a lesson.

FYI : He really is a scammer.

[ramkumar]

Hi,

Bitcoin failed to stop manipulation and control the mass down.

is this suicide / killed by any factor like bitstamp, bulls, difficulty etc., ?

just curious to know from bitcoin socialist.

Arent you the idiot who tried to scam Pankaj ?

Just to point out how much of an IDIOT the OP really is, for the above statement the OP left me a Negative rep... so now any of you guys can teach this idiot sob a lesson.

FYI : He really is a scammer.

Grow & Learn to renew your domains on time

or cry and left -ve feedback for other members. lol

his domain bitcoinbazzar.org , .biz also available now. if anyone registered it, you call them as scammer ?!

faceplam

BTW: This thread is not about your bullshit memory of your friend, leave comments on my related thread available on this forum.

[HELP.org]

We keep forgetting that bitcoin does not need money to live, you do, but not bitcoin. This is also a difference between bitcoin and a traditional financial instrument like a stock or bond. Those things do need money or they will crash and leave the issuer insolvent. At that point a stock could be worthless. Not so with BTC. As long as two people on Earth are using it the system will work fine. I'm one... Anyone want to second that?

Bitcoin needs a constant money supply to support the operation of mining computers.

True. But it worked fine when bitcoins were $0.06. It may not support the big mines with fancy ASICs, but bitcoin does not care about them either. It's kinda like gold. Most of the time gold mining is not profitable and most mines close. When the price goes up they open the mines again.

You are comparing apples to oranges.  People are not going to run large scale mining needed to secure today's network at a loss.  You can't compare that to a few people running CPU's or GPU's.  Mining profitability is a major issue for Bitcoin survival.

[RodeoX]

You are comparing apples to oranges.  People are not going to run large scale mining needed to secure today's network at a loss.  You can't compare that to a few people running CPU's or GPU's.  Mining profitability is a major issue for Bitcoin survival.

I totally agree that no one is expected to act unless there is a profit motive. But that is how it scales. When prices are high it is worth the investment in equipment. When they crash hard and mining is not profitable, some mines will close. Because of open competition we should always be at about the lowest profitable transaction fee. That may not be enough for a large scale mine, but it will be enough for someone.

[jaredboice]

We keep forgetting that bitcoin does not need money to live, you do, but not bitcoin. This is also a difference between bitcoin and a traditional financial instrument like a stock or bond. Those things do need money or they will crash and leave the issuer insolvent. At that point a stock could be worthless. Not so with BTC. As long as two people on Earth are using it the system will work fine. I'm one... Anyone want to second that?

Jim Gordon: You're just one man?
Bruce Wayne: Now we're two.

Batman Begins

[robsonbyte]

still waiting for single digits :-)

Single digits for high cost miners and diff...the reality!

[NotLambchop]

...
Jim Gordon: You're just one man?
Bruce Wayne: Now we're two.

Batman Begins

Rich pedophile lures boy into cave with promises of adventure.
General degeneracy and crimes against nature ensue.

[legendster]

Hi,

Bitcoin failed to stop manipulation and control the mass down.

is this suicide / killed by any factor like bitstamp, bulls, difficulty etc., ?

just curious to know from bitcoin socialist.

Arent you the idiot who tried to scam Pankaj ?

Just to point out how much of an IDIOT the OP really is, for the above statement the OP left me a Negative rep... so now any of you guys can teach this idiot sob a lesson.

FYI : He really is a scammer.

Grow & Learn to renew your domains on time

or cry and left -ve feedback for other members. lol

his domain bitcoinbazzar.org , .biz also available now. if anyone registered it, you call them as scammer ?!

faceplam

BTW: This thread is not about your bullshit memory of your friend, leave comments on my related thread available on this forum.

Well in that case why dont you sell his domains back to him ? Why are you rather blackmailing him ?
You are not only a scammer but an opportunistic thief, sure you own those domains now, and you could have resolved the issue like a matured person, instead you resorted to personal attacks. Moreover my involvement in this issue was almost zero but that was until you left the idiotic feedback on my trust page.
By the way, why dont you stop telling people what to do and go and learn the basics of english grammar first ?
Your original post makes no sense at all.

[HELP.org]

You are comparing apples to oranges.  People are not going to run large scale mining needed to secure today's network at a loss.  You can't compare that to a few people running CPU's or GPU's.  Mining profitability is a major issue for Bitcoin survival.

I totally agree that no one is expected to act unless there is a profit motive. But that is how it scales. When prices are high it is worth the investment in equipment. When they crash hard and mining is not profitable, some mines will close. Because of open competition we should always be at about the lowest profitable transaction fee. That may not be enough for a large scale mine, but it will be enough for someone.

The question is whether it will be enough to secure the whole network to a sufficient level that people will use it.  Very difficult to predict how this will scale.