Quote from: ParabellumLite on April 10, 2014, 12:17:03 PM

Quote from: maakas on April 10, 2014, 11:59:04 AM

Quote from: ParabellumLite on April 10, 2014, 11:45:28 AM

Quote from: CoinRocka on April 10, 2014, 11:41:55 AM

Quote from: ParabellumLite on April 10, 2014, 11:38:18 AM

I am. I completely do not see the use of Bitcoin anymore. To be honest: I got into Bitcoin just for speculation, nothing more. Bitcoin does not live among the population of the world and governments will not allow it. The right to issue currency has been a royal prerogative or has belonged to the government for many centuries, and they're not going to give that up easily. The only reason why western governments aren't really acting is because the Bitcoin userbase is still pretty slim. If it ever is to grow again, then western governments will just hammer Bitcoin down for good.

Then there's the issue of value. Bitcoin is NOT a safe haven for your money. The exchange rate in the next two months can be double or even triple that (up or down) of today. Why on earth would someone in his right mind step into Bitcoin then? Of course they won't, nor will the institutional investors that apparantly are 'stepping in right now'. Yea right, they've been stepping in for months already, yet I don't notice anything next to a long grind downwards.

I've switched all my Bitcoins to fiat, since the value in fiat is SOLID, at least in the short and mid term. I might buy some XRP though, since I believe that Ripple can give many of the advantages of Bitcoin, without getting in the way of governments too much. Also, it isn't infected with the Altcoin-Stigma, at least not more than partially.

this is bullish...

I beg your pardon?

HERP DERP (that's a good summary)

If you call my arguments bullshit, then you better take a look again. Bitcoin is not a safe haven for your money. Disprove that. Governments will likely keep exercising control over currencies. Prove that is unlikely, despite all we've seen over the past few months. Bitcoin is risky overall, if you look at what happened at several exchanges. Disprove that. Institutional investors aren't stepping in. Tell me why it's likely that they are. Etc.

https://twitter.com/barrysilbert/status/447836584554266624 ...and that was March 23rd.

The light of dawn will always find Bitcoin (or its spiritual successor) riding toward the eternal sunset of glory.

Kiss

all you bears, it's a shame you have no courage or faith to believe in a just cause.