My prediction: unemployed cunts or profit sharks will hold onto bitcoins hoping it will rise even more and then it will suddenly fall. For example, because someone will get scared, will sell all of his shares, bitcoins, whatever, people will follow and suddenly lots of them will sell their assets at once. That will cause the price to fall down quicker than you can say "Holy shit" and the people whom I've mentioned before (unemployed cunts or profit sharks) will bear huge losses. Especially if they are still buying bitcoins in hopes of it rising even more.
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Off Topic Bitcoin will fallMy prediction: unemployed cunts or profit sharks will hold onto bitcoins hoping it will rise even more and then it will suddenly fall. For example, because someone will get scared, will sell all of his shares, bitcoins, whatever, people will follow and suddenly lots of them will sell their assets at once. That will cause the price to fall down quicker than you can say "Holy shit" and the people whom I've mentioned before (unemployed cunts or profit sharks) will bear huge losses. Especially if they are still buying bitcoins in hopes of it rising even more.
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Also
HOOOOOOOOOOOOOLLLYYYYYYYY SHIIIIIIIIIIITTTT
Now go to hell.
It's been rising way too high for way too long. People will get scared and will sell their shit. You know what happens next. More assets = lower price.
EDIT: Oh fuck
Oh fuck x2
It will be treated very simply. Let's introduce "consumer index" - Macbook + 10 loaves of break + ton of milk + 5 pairs of shoes. Then you'll take prices from Apple, bread factory and so on. That will lead all other prices to the price of the basket I described.
A cellphone will not cost 3 bitcoins, but 16% of the monthly consumer basket price of the basket in bitcoins. It will continue to oscillate. But. Comparing the prices will be as easy as it is now and they will be stable or even more stable. This index can be updated even once per second. And the prices of goods will always be stable. And bitcoin cost will be calculated on day of purchase. That's it.
Besides, the fact that they might rise in price still won't stop half of reddit from an hero'ing.
solution : use global currency with an expiration date where the currency gets recycled as soon as a trade occurs.
panteraxox has written
capitalism at its best.
Capitalism = free market. Not gambling with imaginary stuff. Educate yourself.
@ DannyDeth: But it's not the stupid capitalists. It's unemployed soccer moms and basement-dwelling neckbeards that caused the crash. Most likely. Your plan requires a high level of co-operation. That's impossible.
palomino has written
Capitalism = free market. Not gambling with imaginary stuff. Educate yourself.
panteraxox has written
capitalism at its best.
Capitalism = free market. Not gambling with imaginary stuff. Educate yourself.
Uh, what? So you say Bitcoin is imaginary stuff, but Credit Cards are real? And what's with the value of "real" money? It's basicly just a piece of cotton with some ink on it. It doesn't have any value, until we use it as money.
Two cups of tea for that guy.
Virtual scrap metal in Team Fortress 2 is a currency. Can you buy real stuff with it? No.
A currency becomes real when you can buy a hot dog with it.
palomino has written
Go to the USA and try to buy a Hot Dog with Euros. You can't? That's because Euros have no real value in the USA.
Name one country that accepts bitcoins for day-to-day transactions, like in grocery stores.
palomino has written
Name one country that accepts bitcoins for day-to-day transactions, like in grocery stores.
You don't get it. If I want to buy something with euros in the US, I have to exchange the currencies. You can do the same with Bitcoins.
palomino has written
If you really take everything literally like that you must have problems socializing, I'm sorry for you.
Stop judging people based on their behavior on the internet.
Uglynator has written
Stop judging people based on their behavior
Uhu.
Uglynator has written
You don't get it. If I want to buy something with euros in the US, I have to exchange the currencies. You can do the same with Bitcoins.
Euros are accepted in more than 30 countries. US dollars are accepted in at least two (a number of shops in Russia accept USD, far from all though). Bitcoins are accepted in 0 countries.