Quote from: mmitech on October 09, 2014, 07:39:22 PM

Quote from: wet_blanket_banned on October 09, 2014, 06:45:05 PM

Quote from: JayJuanGee on October 09, 2014, 06:38:32 PM

Quote from: wet_blanket on October 09, 2014, 06:20:57 PM

This forum reminds me of the GTAT forum (until Monday). The posts -- with almost a religious devotion -- claiming that GTAT was going to be huge soon because of Apple, and that investors were getting in early and were going to strike it rich soon. But alas, it failed, and the pigs got slaughtered.

I know most people here are first time investors and they think bitcoin is awesome technology or what not, and that's why they have to make all the comparisons with the Internet, the telephone or whatever when they describe bitcoin. It's a way to delude themselves into thinking that bitcoin is much bigger than it really is. Why is Wall Street not buying bitcoin, the currency? Because it's overhyped. They can see right through it, and they're staying out, and only investing some VC to extract potential value out of some of the start ups surrounding it.

Guys, I hate to be a wet blanket, but take a look at some of the stories on the GTAT forums, people got burned... bad. Lots of stories about losing years of savings. I know you'll all claim "this is money I can lose" because you're telling yourselves that there's no way bitcoin is going to zero. People said the same thing for GTAT. Like Warren Buffett said, when the tide goes out, we'll see who was swimming naked. I suspect a lot of you are swimming naked right now.

Be careful out there. I don't want to see the stories of people losing their retirement savings, or losing all the money that was earmarked for their disabled children or what not. Sadly, I know it's going to happen though.

You sure are so wise for being a newbie... Probably guys here are sending you PMs and asking you what to do, too?

Banned again by bitcoin high priests for being a heretic. You do realize they don't ban people on the gold forums or any other investment for being bearish, no? Like I said, this place is faith based, and that is why it will fail... no fundamentals to back it up.

Did you know the user base of bitcoin is smaller than the frequent flyer club of Kuwaiti airlines? Bitcoin has been around for almost 6 years and nobody out there is interested. It's all faith based and controlled primarily by whales. The whales are your God (OK, so it's polytheistic.)

Market moves however they decide. Eventually they will pull the plug on the believers, and we're going back to single digit dollars.

I agree with most of your post, but you are really wasting your time here, I have been warning these hopeless cultists for months and they've always trashed me, a better thing to do would be trading against them and rip the shit out of them while they are still enthusiastic. maybe they will learn a lesson (short the shit out of Bitcoin).

When the bubble burst most of them will disappear, but this doesn't mean Bitcoin will die because only then the real growth will start happening (without 90% of this cultists that you see today)

Widsdom has entered!!!!!!!!!!! Cheesy