Why Bitcoin Is Worthless: The Definitive Guide

Covertibility said:
How would the IRS know if you're collecting Bitcoin via a wallet if you never cash it in? I don't think they have the resources (or legal right?) to follow everyone's wallet or transactions along the blockchain. This is an interesting topic.
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they supine'd the exchange
 
I've purchased a few things in the past with Bitcoin. Yet, it always reminded me of the plumber, tutor for the kids or auto shop that tells you "cash only". :p

I just assume those that did that were controlling how much income they reported to their government tax.
 
Nighthawk said:
...I don´t know ANYBODY who keeps his Bitcoin wealth in Bitcoins....!
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Well, I know a few.
I also have family and friends in South Africa, Ukraine and Venezuela. And they convert every penny of their fiat into Crypto, for very good reasons.

Nighthawk said:
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A bunch of TOTAL BULLOCKS! Why don´t these clowns keep their wealth in Bitcoins .....
Bunch of hypocritical liars!
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And why are you so angry? What have we done to you? ... or is it just jealousy?
 
People automatically assume anyone criticizing bitcoin is jealous. Its kind of annoying when there are valid issues with the technology. This forum is actually better than bitcointalk. I don't post there but I have done some reading and it is very eye opening as to the type of person that is a die-hard bitcoin fanatic. I don't really care about missed opportunities. I've missed out on tons of chances to get rich in my life, I'm just trying to look ahead to the next one. And buying bitcoin at 4k isn't it, just like I'm not going to get rich buying AAPL or MSFT. Those boats have sailed. I'm trying to figure out what the next one is and make sure I am part of it. And I do believe it will be in the crypto space. This stuff is the future, but bitcoin will go the way of myspace in the end.
 
baggerlord said:
People automatically assume anyone criticizing bitcoin is jealous. Its kind of annoying when there are valid issues with the technology. This forum is actually better than bitcointalk. I don't post there but I have done some reading and it is very eye opening as to the type of person that is a die-hard bitcoin fanatic. I don't really care about missed opportunities. I've missed out on tons of chances to get rich in my life, I'm just trying to look ahead to the next one. And buying bitcoin at 4k isn't it, just like I'm not going to get rich buying AAPL or MSFT. Those boats have sailed. I'm trying to figure out what the next one is and make sure I am part of it. And I do believe it will be in the crypto space. This stuff is the future, but bitcoin will go the way of myspace in the end.
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short it then !
 
baggerlord said:
People automatically assume anyone criticizing bitcoin is jealous. Its kind of annoying when there are valid issues with the technology. This forum is actually better than bitcointalk. I don't post there but I have done some reading and it is very eye opening as to the type of person that is a die-hard bitcoin fanatic. I don't really care about missed opportunities. I've missed out on tons of chances to get rich in my life, I'm just trying to look ahead to the next one. And buying bitcoin at 4k isn't it, just like I'm not going to get rich buying AAPL or MSFT. Those boats have sailed. I'm trying to figure out what the next one is and make sure I am part of it. And I do believe it will be in the crypto space. This stuff is the future, but bitcoin will go the way of myspace in the end.
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My grandpa has issues with the Dow when it was at 6,000. I remember people saying "buy the dips" or "easy money" or "you're not going to get rich but you can make a little money" and so many other cliches. He himself once stated they are stealing our money.

I didn't care if he was right or wrong...I thought it was funny to watch so many people get "emotional" about it. Some even coming to blows about it, threatening each other, lawsuits and many other crazy stuff...pure hysteria.

Like everything else, if the government decides it too can make money on Bitcoin or think it can be used for something else that's profitable...these message posts will become like those newspaper articles I saw in the museum documenting the Dow history since 1920 about the hysteria involving the markets.

If someone is a true fanatic about crazy price movement...watching this go Up or Down is worth a good seat with popcorn and a candy bar. Should be a good movie.
 
NominalSpeculator said:
is there any view on which conditions could permit a stabilization of the price ?
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Well, artifically, if a whale (like the Winklewii) or more put up a sell wall selling into strength then also buying at a certain price buying weakness, the price should get stuck between those 2 limits.

More usage and less hoarding would probably also stabilize the price. You know, when bitcoin was boring...
 
Hoi said:
Well, I know a few.
I also have family and friends in South Africa, Ukraine and Venezuela. And they convert every penny of their fiat into Crypto, for very good reasons.
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Probably this is the real reason why price has been going up. There is a real need for capital reservation in countries like the above ones. Until something better comes around, cryptos are here to stay...
 
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