Bitcoin bear market

[newguy05]

What, are you questioning that to slightly modify the protocol took only 4 hours? Why would it take longer?

Obviously Litecoin and even Doge showed that it is extremely EASY to copy bitcoin. maybe in the futures there will be kits and everyone can come up with their alternate currency....

case in point

 

[Wide Tailz]

What do you say, Bit Boyz?

Is it gonna hold 450? It's either putting in a base or a bear flag

 

[Hoi]

What do you say, Bit Boyz?

Is it gonna hold 450? It's either putting in a base or a bear flag

Confused?

Maybe it is good to watch this professionally made documentary (the whole 35 minutes), and thereafter decide for yourself, if you want to play the Bear or Bull case:

https://www.sq1.tv/bitcoin

 

[Wide Tailz]

Confused?

They're not for me, and neither was Magic, The Gathering :eek:

 

[Shadetree42]

Confiscation is impossible (by design). Banning would be possible in countries which have Laws that disallow Barter systems (but I don't know any). Further we can prove in the Ledger, that only 5% of the total Bitcoin-economy is used for black market transactions, which is extremely tiny compared to the USD market, so play no role at all (and FinCEN acknowledged that in the hearings).

For the ignorant bystander, who doesn't have any idea how useful it is, it all looks like the Internet in 1995 (only for geeks, and porno, and to whom should I ever sent an email??).
Luckily the number of open minded people, who take some time to analyze Bitcoin's properties, grows each day exponentially.
I just read this, from a Stanford professor, who was skeptical until she studied it some more:
http://www.coindesk.com/professor-susan-athey-people-use-bitcoin-intrinsic-value/

I don't think I'll choose to trust someone who said (on April 1): "Right now the price is growing, so it’s a good investment because the upside offsets the risk. " Apparently this woman knows when any security is "growing" or not and trades accordingly. Brilliant.

 

[Hoi]

I don't think I'll choose to trust someone who said (on April 1): "Right now the price is growing, so it’s a good investment because the upside offsets the risk. " Apparently this woman knows when any security is "growing" or not and trades accordingly. Brilliant.

Well, you are a brilliant reader. The piece is not about trading at all.
The piece is about how a Professor explains the (intrinsic) Value of a Technology, and one of her arguments is that Investors see Value in this Technology, as price is rising (otherwise these Investors would seek other better opportunities).

And yes: price is now in a bear-leg-down. But still 400% up in half year time (the moment when many large Investors jumped in).

 

[Bac0n]

Uhh looks like Bitcoin is going to $100, that's going to flush a lot of amateur
investors and i don't think they are coming back...

 

[Clubber Lang]

price is now in a bear-leg-down. But still 400% up in half year time.

Who gives a shit what it's up in half a year? Nobody makes money on where it was.

Anyone who bought in the last few months has been crushed.

 

[clacy]

Who gives a shit what it's up in half a year? Nobody makes money on where it was.

Anyone who bought in the last few months has been crushed.

Haha, I agree. The zealots will be saying that all the way down to zero saying it's a great buying opportunity.

The jig is up. People understand that there is no intrinsic value in something that can so easily be replicated and regulated.

 

[ElCubano]

You ladies better not get lost if this shoots up to $1000 in the future.