Ninjastic
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Board Bitcoin Discussion
Re: Dont Get Discouraged My Brothers.
by
proudhon
on 19/10/2011, 16:24:08 UTC
Quote from: adamstgBit on October 19, 2011, 04:21:00 PM
Quote from: proudhon on October 19, 2011, 04:10:59 PM
Quote from: petercyr on October 19, 2011, 03:12:55 PM
"debating how low the price can fall before the currency is declared dead"

Bitcoin can still be use for payment regardless of its value. The only thing that will happen if the price gets really low is we'll lose some people who were in it for a quick buck. Whether the value is $30 or $0.30, I can still buy some and spend some. As long as people own some and there's a reason to move them around, bitcoin will live on.

I just wish it was easier to find stuff you actually want to spend them on.

You talk as if bitcoin is stable enough to just spend $100 buying bitcoins, then spend those bitcoins to buy $100 worth of stuff.  It isn't.  Sure, you can still perform transaction in bitcoin.  The problem is that it doesn't store value well at all.  For all practical purposes bitcoin is done for at this point.

Discouraged!Depress!Demoralize!Deflate!

will you stop it already you've been at it for days now....

I'm just trying to combat nonsensical religious defenses of bitcoin.  The mere fact that we can still buy stuff with bitcoins is, when you take into consideration other important factors, a horrible reason to get into bitcoins.  I wish bitcoin had succeeded.  I really do, but we all ruined this thing and the sooner it's over, the better.