Quote:
Originally Posted by AsianDivaGirlsWebDude
Sorry if anyone's BitCoin bubble has burst... 
ADG
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It boggles the mind why anyone (ADG) would want to come in here and copy giant text walls -
http://www.businessinsider.com/willi...#ixzz2uMmV1CLq of just totally bogus misinformation. A lot of people have done that about Obamacare - this business insider editorial is exactly like a Fox news editorial about Obamacare - it's just riddled with non-facts and patently bogus predictions that have basically zero chance of becoming reality as well as wild conjecture about how traditional models MUST work, and that something new that doesn't follow tradition can't possibly work
"The lifeblood of the global capital markets is money – greenbacks -- transactional currency that facilitates commerce. Virtual currency can create value and efficiency but it needs to be linked to fiscal and monetary policy. To assume currency can be computer generated, run in a decentralized manner and outside of the central banking system and controls is farcical and economically dangerous." FARCICAL? oh reeeally?
"Bitcoin lacks the essential attributes that are needed to support a widely recognized transactional currency. If Bitcoin was allowed to proliferate as a currency it would produce greater economic uncertainty, reduced trade and lower individual standard of living." Lower the standard of living huh bro? Now you are just makin shit up.
"Last month, Fed Chairman Ben Bernanke indicated e-currency “may have long-term promise” but his statement was not a ringing endorsement for Bitcoin adoption. To the contrary, as large price swings continue, U.S. and other G20 countries will raise concerns, restrictions and begin clamping down on virtual currencies." First of all the internet is global - who gives a flying fuck what the Fed says, nothing they do can touch it - and regulation? Regulation can only help to legitimize and strengthen BTC, not the reverse.
"I predict that Bitcoin will trade for under $10 a share by the first half of 2014, single digit pricing reflecting its option value as a pure commodity play. Miners/speculators will be best served to acknowledge the meltdown has begun, act quickly and take fleeting profit off the table."
Guess what genius - it's almost March, BTC is over $500 and it aint going down anytime soon.
ADG you say you read various viewpoints and paste the ones you align yourself with - well what the fuck are you doing aligning yourself with an an obviously ALREADY PROVEN WRONG article...then you post a whole bunch of graphics to bolster your proven-wrong opinion. You are making an absolute fool of yourself here - you took a stand early ridiculing BTC with all your fun memes and images and now you jump at every chance to say "Look everyone I was right!" weeee - you're like a 10 year old who hates to be wrong and will grasp at anything that makes you look smart... no matter how full of shit it is.