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.
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?
You are talking bullsh*t and don't seem to understand bitcoin. Just another one trying to get rich from nowhere
Lol. What a bad troll. You can do better. What the guy said is all true. At the end of the day,no one gives a damn about your policies,all they want is convenience. Can you send my money fast without taking out from it? Yes? Then,I'll use it. Your anti-bank agenda and whatnot BS can go suck it because the average Joe uses and trusts his bank. He uses fiat,which has been held by the present economic structure to be a very stable foundation for his everyday needs. Sure,now and then,things go wrong,but not everybody's going to pour all his savings into something he does not fully understand. I'm attracted to Bitcoin for it's applications and for the Bitcoin protocol,not a policy it seemingly stands for. The government the founding fathers envisioned was one that helps people. That's what a government stands for. For every government exploitation,there are a hundred things the government does to help you. You don't like your government? Then why the fuck do you keep voting your senator back into power every time? Get rid of him and get someone else. This is not the Wild West anymore. /government:rant
Why are you putting words in my mouth? I just pointed out that OP is wrong, I did not fall into an argue because that kind of people have their mind made up anyways and it would just be a pointless waste of time.
What comes to governments helping people, they should and could do a much better job. Nobody can be all-popular, but their arrogance (which has been rising massively lately) doesn't take them far. It just stretches the difference and hatred further. When the founding fathers envisioned USA, I'm pretty sure that the world we live in today wasn't what they were going for. There was even more than one fight against the banking system, with J.F.Kennedy being the last one to fight it and look where it got him.
I'm an Estonian, we don't have senators, but I'm a regular voter in every election. Even one vote CAN make a difference and I never vote for some sh*thead idiot who hasn't got anything else than promises. Have you seen what happens if you try to get rid of the "upper guys"? They just use force to make you silent. Oh and in most of the world (yeah, even Western world) it really doesn't matter who you vote for, because votes can be distributed between the same party and power goes to the people who are seen to suit it the best. The sh*theads won't disappear by voting, they can be taken down only with a revolution.
And ofcourse governments have to help people, if they don't, there will sure be a revolution. Governments are good in making people think they care for them, where really they don't give a shit. Much of the help goes the wrong way (in the pockets of the "Big Guys").
We live in a sick world and I see Bitcoin as one of the medicines.