Quote from: piyany on October 10, 2014, 07:43:31 PM

Quote from: Mervyn_Pumpkinhead on October 09, 2014, 06:01:37 PM

You still have time to abandon BTC and put your wealth on more advanced cryptos. The waves are getting weaker and weaker while the market is slowly eating itself.

Adding new wealth to the bitcoin ecosystem, rewards miners for wasting energy without giving anything useful to the network. It's no secret that adding more wealth to the bitcoin ecosystem, only fuels this idiotic arms race of bitcoin mining.
Bitcoin is strongly impractical because of it's immature use of resources and it's inability to support stability. You have to be religious about bitcoin while the world of finance is a new place to you, if you can't see the importance of these impracticalities.
The Winklevoss twins may be great rowers, and Draper may be a good friend to Jurvetson, but their judgement about bitcoin is childish at best.

The future is not in bitcoin, but in the general idea of open sourced monetary systems. There needs to be a lot more advancements before cryptocurrencies would be practical on a larger scale. The current phase of development is in it's end. Right now would be the right time to jump off this train and jump onto something newer and better, that has solved some problems that plague bitcoin.
Don't ask me on what crypto to buy, because I don't want this thread to become a trollfest. Do your own research while keeping the flaws of bitcoin in mind.

Don't get caught on a sinking ship, just because you're emotionally attached to your investment. It's a common flaw for novice investors to become emotionally attached to the source of their first winnings.

If you reply to this thread, then I would kindly ask you to express yourself in a calm and constructive manner. Thank you!

Very true. Also novice investors have no clue about the markets, they are not traders. You actually need many months playing markets to get the hang of it.

On the other hand the best lessons in life are painful.

So who is taking another loan to save bitcoin and get more cheap coins? Cheesy

Someone tell PayPal or the fools who just invested 30million into blockchain.info. Or the half a billion dollars of VC investment into bitcoin business in the last year.

Noone is in their right mind would take a loan out for speculative btc purposes. Sadly MP is advising people to sell btc which actually has value, utility and can be exchanged for fiat currency easily. He is proposing buying altcoins which can in the main only be exchanged for..you guessed it..bitcoin and are just a lottery ticket, based on the predication of the failure of the very asset they are priced in.

I suggest anyone actually ruminating his words simply reviews his previous posts, then all will become clear.