Post
Topic
Board Bitcoin Discussion
Re: People actually thought bitcoin was dead because of MtGox?
by
CityGuy
on 27/02/2014, 05:21:29 UTC
Collapsed? That certainly is worrisome... No worries we will take a look and see what is wrong.

Please show me on the chart exactly where Bitcoin collapsed:

http://i.imgur.com/EFaiwRM.png

Funny, I have been trying to get an acquaintance to help out financially with my mining operation. He's a financial advisor for a reputable bank in Southern California and has been a top producer in large county for 17 years. I have been advising him to get involved in anyway possible, even of he doesn't go my route. Yesterday we had lunch and we were talking about various things and Bitcoin came up. I touched on throwing me some capital and he responded, "you obviously haven't been watching T.V this week." I forget sometimes that people are satisfied with reading headline news all the time to get their share of information. Not that it doesn't suffice in some circumstances, but damn you'd assume educated people would do a bit more research to realize that this will be nothing but a blimp in the timeline of Bitcoin's lifespan.

Sometimes it can be frustrating talking with people about Bitcoin. People see EVERY SINGLE con of crypto-currencies, and essentially forget about all the negatives of fiat we have experienced in the recent past.