Post
Topic
Board Bitcoin Discussion
Re: "Oh, I can't believe a magical, made up currency didn't work out"
by
g4c
on 28/02/2014, 16:30:08 UTC
Yeah the public reputation of bitcoin is kinda ruined.  Undecided
Most of the people, being ignorant f*cktards, already labeled it as scam, ponzi scheme, etc.

worry not, public perception is far more volatile than bitcoin.

besides fuck the public! they look around in the theater and clap when everyone else does, in a theater one lone wolf or a performers associate starts to clap, every other fucker follows, the plebs would never want to be the first to clap just in case no one else went along.

there are more than enough rich out there looking for a wealth store. and when they see bitcoin taking this news on the chin and remaining upright and proud they will realise it has legs, they're not stupid, if they were they'd have lost their credits long ago.

i agree that if the public started to use bitcoin for their day to day living then it would be good for bitcoin, but realise that M1 money supply is very small considering the userbase. there's alot of big money that the public doesn't even know about.

many shrewd new players will enter (with a modest amount of their portfolio perhaps ~5%) and try to buy in at the bottom where that is depends on what happens with gox, but it's not far off, and this will be the start of the next wave, taking BTC up to ~5k USD.

in summation, no news is bad news. this is publicity, dramatic attention grabbing publicity.