Quote from: Torque on March 06, 2014, 04:02:27 AM

Quote from: MatTheCat on March 05, 2014, 09:37:38 PM

Quote from: Torque on March 05, 2014, 09:17:41 PM

Yeah, God forbid that the price of bitcoin actually stabilizes so it can be used as a viable currency. Who would actually want that anyway. Roll Eyes

/sarcasm

Only:

Off Radar Money Changers
Black Market Participants
Attention Seekers

and the damn fucking greedy give two hoots about Bitcoin.

If it isn't turning a nominal USD profit then it will get sold off. What we have is not a stable market. But greedy bastards holding out waiting on another big price surge. If it doesn't kick in, then increasing amounts of Bitcoin will start hitting the market and it will go down in value, right down to where the greedy with a longer term outlook think it is a good price, but they too have a tolerance thershold which will be broken if Bitcoin doesn't rise in value and turn them a buck. Don't be fooled by the Bitcoin idealists. All of them early adopters to a man. It's easy to be idealistic when you are 10000% up, perhaps not so easy when you are one of the unfortunates who was convinced by Bitcoin Nutter to go all in at $800, and that is if you didn't exit the market in the $500s, which you probably did.

If Bitcoin is not going up in value, then it must go down in value. Aside from appreciating in value, Bitcoin has no use to 90% of those holding it.

I'm not a Bitcoin Nutter as you say, but I am long on bitcoin's future. Matt, I actually think it'll be around a lot longer than you will, lol. Or you'll probably still be around a few years from now, somehow trying to make a few bucks on it's ups and downs.

I mean if Bitcoin never makes it as a viable and stable currency in the long term, then NO CRYPTOCURRENCY will ever make it. And the price has to go WAY up from here before it can stabilize. To the point where the sharks and the market makers no longer control the market, because instead it'll reside with the masses.

Actually, I first bought at $400's (during the Nov rise), but continued buying as it went up. Even bought a few at 1000. But then sold 35% of my holdings at $850, and then bought them all back at $510. So overall, I think I'm doing pretty well. The only mistake I really made was not selling them all when the price hit 1100, but then again I was a bitcoin newb and hindsight is always 20/20.

Bitcoin can easily fail where other cryptocurrencies can succeed based on the fact that it is deflationary. That fact may cause it to never be a stable currency. Also I'm not familiar with the technical aspects of the technology but I can see how there could, in the future, be a technical problem with bitcoin that is solved by another crypto. Do you really think that if bitcoin fails, all cryptos will fail?