Quote from: smalltimer on January 03, 2015, 09:51:31 PM

Quote from: exocytosis on January 03, 2015, 09:41:25 PM

It'll probably stabilize in the $0-10 range sometime later this year. Maybe some cultists will still HODL their almost worthless coins bought in the three digit range, and some child pornographers and drug addicts will still be using their coins to buy various illegal goods and services on the deep web. That's the best case scenario.

cultists don't hodl - they just pretend to so you think it's safe to buy because it would be backed by said permabulls when it really isn't

Criminals don't use it too because they prefer DRK
So who is the hodler actually?

i know this is hard to believe but there are some people who don't stand to lose their shirt if bitcoin goes to zero. there are people that understand the notion of this being a binary bet with finite (and thus perfectly calculable) downside and potentially unlimited upside. there are people that understand the notion of antifragility, black swan events, psychology of markets, humans and whole other bunch of stuff. all of these things probably play some part in the future of bitcoin.

there are also some people who are just in it for the laugh.

There are lots of people just like you that think its going to zero, it will fail etc

There are a whole bunch other people who are not like you.

So tell me now is it really so likely *everybody* will sell *everything* right down to zero, and *everyone* will switch off their miners? Thats what you seem to be implying?

This is trivially proven wrong by the fact that a) I have at least one bitcoin b) I have at least one miner and that I will never switch off my miner and I will never 'sell' all my bitcoin.

If one guys is crazy enough to do this, then perhaps there are more...