Post
Topic
Board Speculation
Re: Time to say goodbye
by
jubalix
on 19/01/2015, 17:15:38 UTC
These were nice years, but unfortunately all things come to an end. It is time to say "Goodbye". I still think bitcoin is a brilliant invention which brings immense power to the masses but the human element was more agile and found ways to almost destroy it. It's wounded, but not by a security flaw, not by a design flaw, just by misuse and abuse. Nobody can tell what will happen in the future but one thing is certain: nothing goes up indefinitely and all markets are cyclic.

Bitcoin was a chance to learn on economics, markets, psychology and technology. A great ROI. I would recommend anyone here to buy whatever amount one can loose in  the next 5 minutes and put it aside until 2017-01-17, along with the same amount in USD. I am very curious which will have more value then.

Good bye.

of course things go up indefinitely eg inflation of fiat.

we are just educated (or rather uneducated by omission of information about fiat/FRB/CRR) and are used to seeing buying power and income erode all the time forever over time.