Post
Topic
Board Speculation
Re: Bitcoin is dead? 350$ :(
by
picolo
on 20/12/2014, 13:48:06 UTC
... they expect Bitcoin not to lose value or to gain value...

Talk about unreasonable expectations Roll Eyes  Wake up brah, shit's been all downhill for over a year.

For a year but it's uphill from any other point in time.

Bitcoin has 5 (five) years' worth of history, three of which were spent in obscurity--with price bouncing from single to double digits.  Pretending that one year is an insignificant timespan is silly.

Quote
The Russian can also mine bitcoin to convert Ruble to into bitcoin. I think the electricity price there is very cheap.

It could be a good deal with a stable or decreasing difficulty lately.

The Russians are not going to convert rubles into $$$ to buy mining gear to mine a depreciating asset.  There's a good chance that Russia will criminalize Bitcoin.
Russians are sane, educated people, who won't fall for half-baked intwebs schemes just to save you from being stuck with worthless coin.

Hope this clears things.

So you don't like Bitcoin. You don't understand the advantages of using Bitcoin : how can I move around with millions in my pocket or my mind without third party risk and without using Bitcoin?