Bitcoin is so so dead...

[Warren Buffert]

I thought the bulltards told us not to focus on price though? So let's look at bitcoin itself. Since 2011, there has been essentially no improvement to the protocol itself. The only difference is that you can spend them with a few stores online, but still, they're just being dumped immediately to dirty fiat and not being held by the merchants. If the merchants won't even hold bitcoin, that tells us it's not a useful currency. So essentially, the only reason we're still sticking around $200 is because of speculators.

Will these speculators drive the price up again? Maybe... but I doubt it. Sooner or later the people will realize the emperor has no clothes. There just isn't any reason for ordinary people to use bitcoin, and the value will ultimately reflect that reality.

 

[GreenStox]

I thought the bulltards told us not to focus on price though? So let's look at bitcoin itself. Since 2011, there has been essentially no improvement to the protocol itself. The only difference is that you can spend them with a few stores online, but still, they're just being dumped immediately to dirty fiat and not being held by the merchants. If the merchants won't even hold bitcoin, that tells us it's not a useful currency. So essentially, the only reason we're still sticking around $200 is because of speculators.

Will these speculators drive the price up again? Maybe... but I doubt it. Sooner or later the people will realize the emperor has no clothes. There just isn't any reason for ordinary people to use bitcoin, and the value will ultimately reflect that reality.

 

Just wait until the USD collapses, after that they will have no alternative.

Gold will be confiscated, so ordinary people wont have any other place to go but Bitcoin and other crypto coins.

[NotLambchop]

...
Gold will be confiscated, so ordinary people wont have any other place to go but Bitcoin and other crypto coins.

There's always BTCeanie BTCabies tho...

[JimboToronto]

I thought the bulltards told us not to focus on price though? So let's look at bitcoin itself. Since 2011, there has been essentially no improvement to the protocol itself. The only difference is that you can spend them with a few stores online, but still, they're just being dumped immediately to dirty fiat and not being held by the merchants. If the merchants won't even hold bitcoin, that tells us it's not a useful currency. So essentially, the only reason we're still sticking around $200 is because of speculators.

Will these speculators drive the price up again? Maybe... but I doubt it. Sooner or later the people will realize the emperor has no clothes. There just isn't any reason for ordinary people to use bitcoin, and the value will ultimately reflect that reality.

 

Just wait until the USD collapses, after that they will have no alternative.

Gold will be confiscated, so ordinary people wont have any other place to go but Bitcoin and other crypto coins.

Bitcoin won't help if all it takes is a few hours of waterboarding to make you cough up your private keys.

 

[GreenStox]

Bitcoin won't help if all it takes is a few hours of waterboarding to make you cough up your private keys.

 

I dont know my private keys, so they can torture me all day to get it, there is no way i can tell because even i dont know them. They are kept secure that even i dont know them

...
Gold will be confiscated, so ordinary people wont have any other place to go but Bitcoin and other crypto coins.

There's always BTCeanie BTCabies tho...

Yeah, like a stuffed toy that weights half kilogram wont be suspicious to the statists 

C`mon man, either you have your gold offshore in a vault somewhere in Bahamas or some no-name island, or you can see it confiscated by one or other form.

The soft way is that the state will buy up the vault legally, and then "manage" the gold inside it.

*manage means steal it and sell it

The hard way is just to send in SWAT teams and confiscate it on some vague anti-money laundering charges...

Either way, you can say bye bye to your gold.

[pattu1]

I thought the bulltards told us not to focus on price though? So let's look at bitcoin itself. Since 2011, there has been essentially no improvement to the protocol itself. The only difference is that you can spend them with a few stores online, but still, they're just being dumped immediately to dirty fiat and not being held by the merchants. If the merchants won't even hold bitcoin, that tells us it's not a useful currency. So essentially, the only reason we're still sticking around $200 is because of speculators.

Will these speculators drive the price up again? Maybe... but I doubt it. Sooner or later the people will realize the emperor has no clothes. There just isn't any reason for ordinary people to use bitcoin, and the value will ultimately reflect that reality.

 

Just wait until the USD collapses, after that they will have no alternative.

Gold will be confiscated, so ordinary people wont have any other place to go but Bitcoin and other crypto coins.

Bitcoin won't help if all it takes is a few hours of waterboarding to make you cough up your private keys.

 

Multisignature... with the other keys held by your friend in the other side of the world.

[elephantas1]

I woke from my coma yesterday

and you decided to make a post about bitcoin five years after you have been out of your life. either you are lying or you are really dumb

The only dumb person here is you.

why? i just said my opinion about his decision

[BillyBobZorton]

Sub 200's is the new 3's.

[ensurance982]

Hah, what a great story! Of course it's nothing more - just a story, but the message behind it is very well and true. People new to Bitcoin consider the price they joined Bitcoin as the "normal" price and don't even consider the price before that. They can't seem to grasp the possibility of Bitcoin still being in its infancy.

[CoinCidental]

In the year 2010 I was introduced to bitcoin while listening to a philosophy podcast. At that time bitcoin had just CRASHED all the way from $30 down to $3. The "bubble" had popped if you will, and it was quite clear to everyone that bitcoin was dead.

So I decided to buy 500 Bitcoin.

The very next day I walked into my garage and accidentally stepped onto a rake which flew up and hit me in the head and was knocked out cold and remained in a coma for 5 years.

I woke from my coma yesterday and the first thing that I did was ask what the price of bitcoin was doing, the answer i got was, "Bitcoin is dead, it's just crashed all the way down to $197."

but your wife ran away with mark karpeles. 

for 850,000 btc , i will sell mark karpeles my wife and get a new one

[knight22]

I thought the bulltards told us not to focus on price though? So let's look at bitcoin itself. Since 2011, there has been essentially no improvement to the protocol itself. The only difference is that you can spend them with a few stores online, but still, they're just being dumped immediately to dirty fiat and not being held by the merchants. If the merchants won't even hold bitcoin, that tells us it's not a useful currency. So essentially, the only reason we're still sticking around $200 is because of speculators.

Will these speculators drive the price up again? Maybe... but I doubt it. Sooner or later the people will realize the emperor has no clothes. There just isn't any reason for ordinary people to use bitcoin, and the value will ultimately reflect that reality.

 

Speculators with deep pocket.

[CoinCidental]

I thought the bulltards told us not to focus on price though? So let's look at bitcoin itself. Since 2011, there has been essentially no improvement to the protocol itself. The only difference is that you can spend them with a few stores online, but still, they're just being dumped immediately to dirty fiat and not being held by the merchants. If the merchants won't even hold bitcoin, that tells us it's not a useful currency. So essentially, the only reason we're still sticking around $200 is because of speculators.

Will these speculators drive the price up again? Maybe... but I doubt it. Sooner or later the people will realize the emperor has no clothes. There just isn't any reason for ordinary people to use bitcoin, and the value will ultimately reflect that reality.

 

the value is international transfers that currently cost too much with western union and banks
those are the advantages as well as having some assets that can be moved around freely without government oversight
they price will  always recover

[waaat?]

Speculators with deep pocket.

Bitcoin has nothing to do anymore with the original satoshi-idea. It has nothing to do with 'the people'. The foundation is hijacked and Gavin is a sockpuppet too.

Bitcoin is not anymore about freeing people from the shakles of the banking system. It has become a game of whores, whoring for big money.

Bitcoin now only relies on the good will/stupidity of the large investors. If they change their mind now what are the moneywhores in bitcoin gonna do?

Keep whoring for big pocket investors and see where you are going to end up.

[tadakaluri]

Yes, Most of the BTCs are at bigger investors. They play the game.  Small investors like us must Crush in every price Crash.

[flipstyle]

Speculators with deep pocket.

Bitcoin has nothing to do anymore with the original satoshi-idea. It has nothing to do with 'the people'. The foundation is hijacked and Gavin is a sockpuppet too.

Bitcoin is not anymore about freeing people from the shakles of the banking system. It has become a game of whores, whoring for big money.

Bitcoin now only relies on the good will/stupidity of the large investors. If they change their mind now what are the moneywhores in bitcoin gonna do?

Keep whoring for big pocket investors and see where you are going to end up.

It's a very interesting exercise in the 'greater fool' theory.  At this point, only the early adopters, scammers, and market shorters are the ones left out of the 'fool' discussion.

The great majority of the rest seem to be bunched into the baghodler 'get rich quick' boat that already left the dock nearly a year ago. (as is evident by all the price infatuation threads in every subforum).

Smart money has already filtered into assets with intrinsic value such as precious metals with real world industrial and electronic uses.

[Buffer Overflow]

The very next day I walked into my garage and accidentally stepped onto a rake which flew up and hit me in the head and was knocked out cold and remained in a coma for 5 years.

Was the rake damaged? That's the main thing.

[yefi]

The very next day I walked into my garage and accidentally stepped onto a rake which flew up and hit me in the head and was knocked out cold and remained in a coma for 5 years.

Was the rake damaged? That's the main thing.

It's still in hospital in a coma. We're all rooting for it, but it's going to be a hard fight.

[R2D221]

[...]
At that time bitcoin had just CRASHED all the way from $30 down to $3.

[...]

"Bitcoin is dead, it's just crashed all the way down to $197."

No matter how you look at it, you just benefited for having Bitcoin all these years. Why would you say it's dead when it's worth more than it was before your coma?