yet another bitcoin thread - DANG, the price dropped



I take it you dont understand the legitimacy bitcoin underwent in 2014? The price has been very stable for most of the last quarter. Bitcoin is being adopted at a rapid rate. Major corporations (microsoft, paypal, ect) are trying to figure out what bitcoin means to them. Sorry but regardless of price bitcoin is stronger than ever.
 
dmnEPC said:
I take it you dont understand the legitimacy bitcoin underwent in 2014? The price has been very stable for most of the last quarter. Bitcoin is being adopted at a rapid rate. Major corporations (microsoft, paypal, ect) are trying to figure out what bitcoin means to them. Sorry but regardless of price bitcoin is stronger than ever.
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L-o-L
 
ayzo said:
Got out at 900, I regret nothing
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It will keep going lower.

Bitcoin requires a certain level of technical knowledge that 99% of the general public doesn't have. Everyone who understands or wants to use bitcoin is already using it and everyone else sees no need to learn it. The miners keep mining and as they do so the supply exceeds the demand.

Until bitcoin is as easy and safe to use as a credit/debit card it's going to face an uphill battle.
 
The real main prob with bitcoin is that cryptocurrencies can out-feature eachother. All of 2014 certain other coins like Ripple with many cooler features went up the whole time. But I won't get Ripple either because it's just a matter of time before something even better comes out. If you got the time to research and invest in each coin-of-the-month then you could prob make some serious money.

There are of course tons of other probs with btc and cryptocurriences in general. Despite the rehearsed answers btc zealots give to these probs.. they are real.

Btw, for an example of how utterly fucking stupid popular phrases like 'buy on the dip', 'buy when there's blood in the streets', and other things dipshits like to quote, check out posts on the bitcointalk.org the whole fucking year of 2014 every step of the way it went down. Then realize most stocks, companies, and even countries for that matter that ever existed, ARE GONE and have zero fucking value. So ya what great wisdom it is to buy when there's blood on the streets... sorry nothing pisses me off more than hearing 'clever' quotes regurgitated every time you talk to someone.

The only way to have a chance in hell of preserving wealth through generations is to transfer it from one type of medium to another. Even gold could lose it's value completely if somehow we found better cheaper materials that would replace it industrially and it completely went out of style for jewelry, etc. But if you're lazy gold and the most used fiat currency is probably your best bet for storing wealth at the moment. Indexes like S&P500 are also great because they do exactly what I said, change mediums (stocks in this case) continuously based on a set of winning factors.
 
silver, gold, oil, ect are all in the toilet too. does that mean those are fucked as well?
 
dealing with btc is a pain in the ass for all parties involved, that shit isn't going anywhere
 
WickedJoe said:
The only way to have a chance in hell of preserving wealth through generations is to transfer it from one type of medium to another. Even gold could lose it's value completely if somehow we found better cheaper materials that would replace it industrially and it completely went out of style for jewelry, etc. But if you're lazy gold and the most used fiat currency is probably your best bet for storing wealth at the moment.
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I'd say property / real estate have proven to be a solid source of handing wealth down generations for quite a few families.
 
dmnEPC said:
silver, gold, oil, ect are all in the toilet too. does that mean those are fucked as well?
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The problem here is equating everything to everything else. Do you think that gold going down in price is the same as BTC going down in price? If you do you should buy every dip in every thing that ever existed and you'll lose your ass quick. Gold is so much more than btc and has so much more going for it.
 
microphone head said:
I'd say property / real estate have proven to be a solid source of handing wealth down generations for quite a few families.
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Definitely, as long as laws and governments in regards to proprty dont change too much. Also, I can see one day within the next 200 yrs there being fully automated house building by either robots or nanites. When that day comes only previous homes that are worthy of real 'historic value' will have value. Because shit built by nanites/robots will be amazingly cheap and likely amazingly cool and full of badass features.
 
WickedJoe said:
Btw, for an example of how utterly fucking stupid popular phrases like 'buy on the dip', 'buy when there's blood in the streets', and other things dipshits like to quote, check out posts on the bitcointalk.org the whole fucking year of 2014 every step of the way it went down. Then realize most stocks, companies, and even countries for that matter that ever existed, ARE GONE and have zero fucking value. So ya what great wisdom it is to buy when there's blood on the streets... sorry nothing pisses me off more than hearing 'clever' quotes regurgitated every time you talk to someone.
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The 'blood on the streets' line doesn't translate so well to an unregulated market in its infancy.

That said a BitCoin tout could urge others to 'buy when there's peanut shells in the streets'.
 
I wonder if it will ever get easier to deal in BTC or just banned completely. If i could buy some at 711 or CVS then we are back in business.
 
Here's an idea..

1. All of you broke asses should pool your remaining clickbank monies together.

2. Buy as much bitcoin as possible.

3. Buy six figures worth of targeted adspace across reddit, news sites, alex jones, bit coin forums, etc.

4. Advertise some bullshit story about how bitcoin is going up in value because of XYZ. "Rothschilds are moving all assets to bitcoin", "Obama to endorse bitcoin" etc.

5. Sell the bitcoin you bought in step 2 once the media has reached maxmum hype.

6. Finally create affiliate island and ball hard with bitcoin monies.

7. BONUS: Hire mercenary team to break grunin out of club fed.

8. BONUS: Scorsese sends me a PM and options the movie.
 
Can LukeP please make a comment on this, I invested my life savings in BTC because he promised it would be to $1m by now.
 
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dmnEPC said:
I take it you dont understand the legitimacy bitcoin underwent in 2014?
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lol. you're reading way too much into my post. I was basically surprised that it dipped to 267 and was making fun of some of these price predictions is all :p heck, I own some coin myself. not much, but to add a bit of 'fun'.

fwiw, I'm hearing more bears out there who feel the price will go down quite a bit more. Perhaps that's the time to buy a few more coin for the fun of it.
 
sennin436 said:
fwiw, I'm hearing more bears out there who feel the price will go down quite a bit more. Perhaps that's the time to buy a few more coin for the fun of it.
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Don't worry, nobody has the slightest clue as to what the price of BTC is going to do. The only certainty is that rewards halve some time in 2016. Right now, there's 7200 new BTC being pumped into the economy daily. Come 2016, that will drop to 3600.

That's about the one and only concrete fact anybody has on bitcoin at the moment.
 
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