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The end of Bitcoin or cryptocurrency in sight?

BTC has now a 200usd drop in 24 Hours and still dropping hot as is droping Litecoin could this mean the end of bitcoin or cryptocurrency sins the past weeks and months of bad news reportings....

 

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coins drop all the time, hopefully it will die but I doubt it will because stupid people like to put value on things that don't have any actual value.

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BTC has now a 200usd drop in 24 Hours and still dropping like it's hot, as is Litecoin. could this mean the end of bitcoin or cryptocurrency? Signs over the past weeks as well as months of bad news...

 

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coins drop all the time, hopefully it will die but I doubt it will because stupid people like to put value on things that don't have any actual value.

You mean like money?

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I think it very well could die soon. However I hope it tanks and builds back up gradually. Explosive growth like that we have seen is not good in the long term.

"If you do not take your failures seriously you will continue to fail"

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coins drop all the time, hopefully it will die but I doubt it will because stupid people like to put value on things that don't have any actual value.

You mean like money?

You stole my line.

Fun fact: We still use the barter system. We trade our time (jobs) for units of currency that everyone trusts is valuable to other people and can be traded for goods. So the currency is a pseudo for our time. We are bartering our time for goods. 

Just saying.

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You stole my line.

Fun fact: We still use the barter system. We trade our time (jobs) for units of currency that everyone trusts is valuable to other people and can be traded for goods. So the currency is a pseudo for our time. We are bartering our time for goods. 

Just saying.

Yea, it's quite an interesting system when you think  about it.

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coins drop all the time, hopefully it will die but I doubt it will because stupid people like to put value on things that don't have any actual value.

I have no clue why you feel like that but I have a STRONG feeling you highly misinformed about bitcoin and its beneficial use-cases. Currently, when you buy something online, you give the site not only your name, but also your house address, email address, credit card info, and whatever other info they want to have. Bitcoin allows you to purchase something online without giving up your information to sites, and the hackers who hack those sites...Also, in order for money to be sent quickly around your country and even the world requires massive fees placed by money transfer companies(who do need to profit). Bitcoin allows you to send money to anyone in the world for free, or an extremely small miner's fee. I don't know what your gripe with crypto-currency is, but information is key in making an informed decision on a subject. 

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Cryptocurrency isn't gonna die as a whole, if bitcoin dies. 

 

coins drop all the time, hopefully it will die but I doubt it will because stupid people like to put value on things that don't have any actual value.

Economics, study it buddy lol...

 

 

 

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IT WILL DIE AND AMD CARDS WILL BE LIBERATED FROM THE SLAVE WORLD!

 

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I used to be very optimistic about crypto-currency but not anymore

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coins drop all the time, hopefully it will die but I doubt it will because stupid people like to put value on things that don't have any actual value.

I'm surprised your butthole didn't get torn harder than it did for this

Error: 410

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IT WILL DIE AND AMD CARDS WILL BE LIBERATED FROM THE SLAVE WORLD!

 

VOTE FOR RASHY - Linus Tech Tips Liberator Politcial Party [LTT-LPP] 

Downvote :P

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coins drop all the time, hopefully it will die but I doubt it will because stupid people like to put value on things that don't have any actual value.

Either you were hoping to get likes for that post or are completely ignorant on how the economy works.

I hope its the first one because if you actually meant it then... i feel bad for you son

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Sorry to burst the little party but its rising again. Bitcoin is very resilient. It still here after the Mt.Gox crash. It will still be here after a market dip.

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I have no clue why you feel like that but I have a STRONG feeling you highly misinformed about bitcoin and its beneficial use-cases. Currently, when you buy something online, you give the site not only your name, but also your house address, email address, credit card info, and whatever other info they want to have. Bitcoin allows you to purchase something online without giving up your information to sites, and the hackers who hack those sites...Also, in order for money to be sent quickly around your country and even the world requires massive fees placed by money transfer companies(who do need to profit). Bitcoin allows you to send money to anyone in the world for free, or an extremely small miner's fee. I don't know what your gripe with crypto-currency is, but information is key in making an informed decision on a subject. 

I completely agree with you my friend ;)

Bitcoin will not die, the price is stabilizing around its true value. The speculators are gone and the real beleivers in the power of bitcoin are left!! :ph34r:

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'The end of Bitcoin or cryptocurrency in sight?'

 

To be honest, I couldn't give a f**k either way lol

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Maybe it's because it's now going to be treated as a "property" and taxable by government. This completely kills any "underground" cred it previously had. I used to mine for fun, but then douchebags kept artificially spiking GPU prices for honest people on top of also leeching/abusing access to free electricity...I'm not sympathetic in the slightest. In no sane universe should a fake coin be worth over a grand vs tangible objects. Even if I did get into Bitcoin early, I would still hold the opinion that people were suckers to buy fake coins from me at such a high price. :P

 

Protip: Gold is real, bytes of data are just bytes of data. SORRY.

 

 

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As long as there are people like you, it will never die :)

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Maybe it's because it's now going to be treated as a "property" and taxable by government. This completely kills any "underground" cred it previously had. I used to mine for fun, but then douchebags kept artificially spiking GPU prices for honest people on top of also leeching/abusing access to free electricity...I'm not sympathetic in the slightest. In no sane universe should a fake coin be worth over a grand vs tangible objects. Even if I did get into Bitcoin early, I would still hold the opinion that people were suckers to buy fake coins from me at such a high price. :P

 

Protip: Gold is real, bytes of data are just bytes of data. SORRY.

Feel free to send my all your website logins and passwords, preferably bank accounts and such. They are  just bytes of data, they aren't worth anything. :rolleyes:

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Maybe it's because it's now going to be treated as a "property" and taxable by government. This completely kills any "underground" cred it previously had. I used to mine for fun, but then douchebags kept artificially spiking GPU prices for honest people on top of also leeching/abusing access to free electricity...I'm not sympathetic in the slightest. In no sane universe should a fake coin be worth over a grand vs tangible objects. Even if I did get into Bitcoin early, I would still hold the opinion that people were suckers to buy fake coins from me at such a high price. :P

 

Protip: Gold is real, bytes of data are just bytes of data. SORRY.

Oh yes and when did the united states (the worlds defacto reserve currency) stop using the gold standard. Most currencies have no inherent value its based around market factors associated with countries where the currency is primarily used, but this is also the flaw with crypto currencies atm once the speculation and get rich quick factor has gone there’s nothing for it to fall back on to help define its value, its not like a real currency as its not associated with processes or goods that give it value, and its not like shares that are influenced by companies successes or failure's.

 

That said it does have one anchor point, the cost of energy but that value isn't exactly something thats coherent internationally so if crypto currency leans back on energy costs to define its value it will loose its international-ness because it will cost more to produce in certain regions (say certain european countries which are completely renewable based energy wise). Ironically you might see crypto coin production hubs.

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I remember last January the Bitcoin dropped to around $60, then about 6 months later it spiked up $2,000. It'll go back up eventually. 

COMIC SANS

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Its just in a low spot right now , who knows the out come

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coins drop all the time, hopefully it will die but I doubt it will because stupid people like to put value on things that don't have any actual value.

 

Do you mean all the money in the world? Currencies are no longer backed by gold for a long time now, so basically, it has the value that give to it.

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