The Coming Bitcoin Collapse - GoFuckYourself.com

ninavain · 04-09-2013, 11:50 PM

know when to hold 'em...know when to fold'em- Kenny Rogers They only hold their value as long as very few people sell the currency. Once a selloff begins, the mathematical process that created the excess "virtual valuation" reverses itself, destroying valuations across all the investors.

All currencies depend on "faith" in the currency. That's why the U.S. dollar is claimed to be backed by the "full FAITH and credit of the U.S. government." Without the faith, the currency collapses.

2013 · 04-09-2013, 11:52 PM

Heard Francks going to lose it all

lazycash · 04-10-2013, 12:09 AM

Quote:

Originally Posted by 2013

Heard Francks going to lose it all

Lose it "all"? Franck only owns 1 bitcoin so he's not exactly at risk to lose much.

DBS.US · 04-10-2013, 12:09 AM

Let the selloff begin at 11:00 am Monday

- Jesus Christ - · 04-10-2013, 12:11 AM

Here's Why Bitcoin Speculators Are Just Laughing At Anyone Who Calls It A Bubble

jscott · 04-10-2013, 01:01 AM

btc going to collapse..... sell all your btc asap!!!!!

contact me i buy all 130321510

DWB · 04-10-2013, 04:20 AM

Quote:

Originally Posted by - Jesus Christ -

Here's Why Bitcoin Speculators Are Just Laughing At Anyone Who Calls It A Bubble

Good read.

At the end of the page, the bottom line:

Quote:

Yes, this is classic bubble logic. Yes, someday, many Bitcoin speculators will probably lose their shirts. And, no, there's no way to determine what Bitcoins are "actually worth." That's why I call Bitcoin the "perfect bubble." But what many folks who snicker smugly about "bubbles" don't seem to understand is that before some Bitcoin speculators lose their shirts, some other Bitcoin speculators are going to, well, coin it.

- Jesus Christ - · 04-10-2013, 04:26 AM

LOL @ seeing the disclaimer he makes to protect his rep as "the bottom line"

MikeRoth · 04-10-2013, 04:35 AM

All currencies depend on "faith" in the currency. That's why the U.S. dollar is claimed to be backed by the "full FAITH and credit of the U.S. government." Without the faith, the currency collapses.

Who has faith in the credit of the U.S. Government? The national debt is rising exponentially and they are in debt to China... inb4 getting loans from North Korea

spiederman · 04-10-2013, 04:56 AM

and in the meantime we're at 254$

Femjoy Michael · 04-10-2013, 05:03 AM

Quote:

Originally Posted by MikeRoth

All currencies depend on "faith" in the currency. That's why the U.S. dollar is claimed to be backed by the "full FAITH and credit of the U.S. government." Without the faith, the currency collapses.

Who has faith in the credit of the U.S. Government? The national debt is rising exponentially and they are in debt to China... inb4 getting loans from North Korea

If you look at world economic history, hyper-inflation / massive currency depreciation, are always political/emotional events, not economic ones. What happened to the US dollar during the great depression? What happened to the US dollar in 2008?

Faith in a currency is lost when the government doesnt pay its debts, or there is massive fraud such as counterfeit currency becoming too big in the money supply. That's why if bitcoin gets hacked again, it will collapse. Security is the number one priority at bitcoins right now. They know it.

dyna mo · 04-10-2013, 05:14 AM

Quote:

Originally Posted by ninavain

All currencies depend on "faith" in the currency. That's why the U.S. dollar is claimed to be backed by the "full FAITH and credit of the U.S. government." Without the faith, the currency collapses.

nice to see a conspiracy theorist have faith in the u.s. government! that's progress!!

MikeRoth · 04-10-2013, 05:46 AM

Quote:

Originally Posted by Femjoy Michael

Faith in a currency is lost when the government doesn't pay its debts.

What happened with the British sterling when it was the world currency? What is the world currently trying to make as the new world currency as the value of the dollar continues to collapse? Printing more money is essentially cooking the books to make it look like the economy is doing better.

Not sure how an ever increasing debt counts as paying ones debt. If I add $50k in debt a year to my personal finances and only pay back $10k a year. The gov doesn't see that as paying my debt. But I guess the government is above the law.

Internet Guy · 04-10-2013, 05:48 AM

2012 · 04-10-2013, 07:50 AM

1)the "big banks" are pumping money into bitcoin so they can implode it. they are definitely involved
2)the greed that is skyrocketing the value will turn to panic and fear that will excelerate the "mega plunge"
3)when it drops it will be faster in this case and harder to get out than other currency's because "evil programmers" have devised a system to get out when it hits a specific point
4)the creators of bitcoin are most definitely billionares by now
5)i like poo

CyberHustler · 04-10-2013, 07:57 AM

Sounds fun

dyna mo · 04-10-2013, 08:02 AM

there's always facebook! everybody wants some of that 100b$ action!

ninavain · 04-10-2013, 06:08 PM

boom.............. the sound of collapse

adult-help · 04-10-2013, 06:23 PM

that was fast...

Kephael · 04-10-2013, 06:36 PM

This is a textbook example of a bubble. I'd rather gamble money at a Casino in Las Vegas than trade bitcoins.

onwebcam · 04-10-2013, 06:52 PM

Quote:

Originally Posted by 2012

1)the "big banks" are pumping money into bitcoin so they can implode it. they are definitely involved

Quote:

Originally Posted by 2012

the creators of bitcoin are most definitely billionares by now

The creators of bitcoin sold out at $1 and are now broke squaters.

2012 · 04-10-2013, 07:06 PM

i like bitcoin

Supz · 04-10-2013, 07:07 PM

I Farted.

ninavain · 04-11-2013, 07:45 AM

traded suspended today...

dyna mo · 04-11-2013, 07:56 AM

Quote:

Originally Posted by ninavain

traded suspended today...

it's weird that a truther would have an issue with an anarchist decentralized crypto-currency. i would think you can appreciate this for it's attempt to step away from centralized government control, like the fed.

04-09-2013, 11:50 PM	#1
ninavain So Fucking Banned Industry Role: Join Date: Jan 2004 Location: Las Vegas Posts: 6,268	The Coming Bitcoin Collapse know when to hold 'em...know when to fold'em- Kenny Rogers They only hold their value as long as very few people sell the currency. Once a selloff begins, the mathematical process that created the excess "virtual valuation" reverses itself, destroying valuations across all the investors. All currencies depend on "faith" in the currency. That's why the U.S. dollar is claimed to be backed by the "full FAITH and credit of the U.S. government." Without the faith, the currency collapses. Last edited by ninavain; 04-09-2013 at 11:54 PM..

04-10-2013, 12:09 AM	#4
DBS.US Geo Cities Industry Role: Join Date: Aug 2003 Location: North Captiva Island, Florida USA Posts: 11,828	Let the selloff begin at 11:00 am Monday __________________ Make a Free Chaturbate White Label site in 34 minutes and be making money tonight

04-10-2013, 12:11 AM	#5
- Jesus Christ - Confirmed User Industry Role: Join Date: Mar 2003 Location: ::::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: ::::::\|\|\|\|\|\|\|\|\|\|\|\|:::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::::::::::::::: Posts: 7,197	Here's Why Bitcoin Speculators Are Just Laughing At Anyone Who Calls It A Bubble __________________ Amen

04-10-2013, 04:26 AM	#8
- Jesus Christ - Confirmed User Industry Role: Join Date: Mar 2003 Location: ::::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: ::::::\|\|\|\|\|\|\|\|\|\|\|\|:::::: :::::::::::\|\|::::::::::: :::::::::::\|\|::::::::::: :::::::::::::::::::::::: Posts: 7,197	LOL @ seeing the disclaimer he makes to protect his rep as "the bottom line" __________________ Amen

04-10-2013, 04:35 AM	#9
MikeRoth Confirmed User Industry Role: Join Date: Jan 2011 Location: Washington DC Posts: 361	All currencies depend on "faith" in the currency. That's why the U.S. dollar is claimed to be backed by the "full FAITH and credit of the U.S. government." Without the faith, the currency collapses. Who has faith in the credit of the U.S. Government? The national debt is rising exponentially and they are in debt to China... inb4 getting loans from North Korea __________________ ICQ: 64995031

04-09-2013, 11:52 PM	#2
2013 So Fucking Banned Industry Role: Join Date: Jan 2013 Location: lollling Posts: 4,390	Heard Francks going to lose it all

04-10-2013, 01:01 AM	#6
jscott So Fucking Banned Industry Role: Join Date: Feb 2001 Location: Taipei Posts: 25,198	btc going to collapse..... sell all your btc asap!!!!! contact me i buy all 130321510

04-10-2013, 04:56 AM	#10
spiederman Confirmed User Industry Role: Join Date: Nov 2012 Posts: 1,216	and in the meantime we're at 254$ __________________ xcams-partners: up to €200 PPS\|crakrevenue: Promote MyFreecams @ crakrevenue\|Plugrush: Buy and sell your traffic icq# 610-522-509 <---- dont add me for crap i DON'T ask for isliveHD\| Latex tube\|Androidcams\|ipadcams

04-10-2013, 05:48 AM	#14
Internet Guy Confirmed User Join Date: May 2006 Posts: 402

04-10-2013, 07:50 AM	#15
2012 So Fucking What Industry Role: Join Date: Jul 2006 Posts: 17,189	1)the "big banks" are pumping money into bitcoin so they can implode it. they are definitely involved 2)the greed that is skyrocketing the value will turn to panic and fear that will excelerate the "mega plunge" 3)when it drops it will be faster in this case and harder to get out than other currency's because "evil programmers" have devised a system to get out when it hits a specific point 4)the creators of bitcoin are most definitely billionares by now 5)i like poo __________________ best host: Webair \| best sponsor: Kink \| best coder: 688218966 \| Go Fuck Yourself

04-10-2013, 07:57 AM	#16
CyberHustler So Fucking Banned Industry Role: Join Date: Feb 2006 Posts: 25,214	Sounds fun

04-10-2013, 08:02 AM	#17
dyna mo The People's Post Industry Role: Join Date: Dec 2008 Location: invisible 7-11 Posts: 63,903	there's always facebook! everybody wants some of that 100b$ action!

04-10-2013, 06:08 PM	#18
ninavain So Fucking Banned Industry Role: Join Date: Jan 2004 Location: Las Vegas Posts: 6,268	boom.............. the sound of collapse

04-10-2013, 06:23 PM	#19
adult-help Confirmed User Industry Role: Join Date: Mar 2008 Posts: 2,450	that was fast...

04-10-2013, 06:36 PM	#20
Kephael Confirmed User Industry Role: Join Date: Mar 2013 Posts: 15	This is a textbook example of a bubble. I'd rather gamble money at a Casino in Las Vegas than trade bitcoins.

04-10-2013, 07:06 PM	#22
2012 So Fucking What Industry Role: Join Date: Jul 2006 Posts: 17,189	i like bitcoin __________________ best host: Webair \| best sponsor: Kink \| best coder: 688218966 \| Go Fuck Yourself

04-10-2013, 07:07 PM	#23
Supz Arthur Flegenheimer Industry Role: Join Date: Jul 2006 Location: New York City Posts: 11,056	I Farted.

04-11-2013, 07:45 AM	#24
ninavain So Fucking Banned Industry Role: Join Date: Jan 2004 Location: Las Vegas Posts: 6,268	traded suspended today...