Merged Bitcoin - Part 3

[Dr.Sid]

Back to $7500. Somebody is pumping it hard.

Continued from here

Posted By: kmortis

 

[Belz...]

Back to $7500. Somebody is pumping it hard.

What a stable, reliable currency!

 

[psionl0]

Back to $7500. Somebody is pumping it hard.

How do you know that it isn't just FOMO?

What a stable, reliable currency!

When did this become news to you?

 

[Belz...]

When did this become news to you?

2011.

 

[psionl0]

2011.

So why post as if it is news to you today?

 

[Belz...]

So why post as if it is news to you today?

I didn't.

See, it is possible to make a comment about something you already knew before making the comment. For example, I can repeat that you are reflexively and irrationally defensive about Bitcoin, even though I've known this for a while.

Don't know why this was confusing you. But again, you seem to absolutely need to respond to every negative comment about Bitcoin.

 

[psionl0]

I didn't.

You did.

I can repeat that you are reflexively and irrationally defensive about Bitcoin, even though I've known this for a while.

You don't have to be a bitcoin lover to point out the BS in this thread. Everybody is full of it. Your false dichotomy is a classic example.

Nobody knows a thing about bitcoin or what the future holds for it but that doesn't stop the magical woo coming through in every post.

 

[Belz...]

You did.

Again, I did not. Saying "Wow, Stalin was really an *******, wasn't he?" in response to some trivial revelation about him doesn't mean that you didn't know that before. It's an exaggeration for effect. But that's not even what I did. It's just reiterating what I said before.

You know that, of course. But you just needed to reply, because attacking Bitcoin = bad!

You don't have to be a bitcoin lover to point out the BS in this thread. Everybody is full of it.

And yet what I said is true. Somehow you thought you needed to defend BTC nonetheless.

Nobody knows a thing about bitcoin

I know a thing about bitcoin: it's not a stable, reliable currency.

 

[JoeMorgue]

Listen when in the history of the world has economic dependency on the buying and selling of something that doesn't actually exist ever gone bad?

 

[psionl0]

Listen when in the history of the world has economic dependency on the buying and selling of something that doesn't actually exist ever gone bad?

Money doesn't exist. It is just numbers written on bits of paper, stamped on bits of metal, written in ledgers or stored in computers.

You might argue that that money is based on the "faith and good credit" of the government but that is all it is - faith. Similarly, faith is the only thing that keeps bitcoin going on the way it is.

Never before has an asset existed purely in cyber space so we have no history to base a prediction on.

 

[Dr.Sid]

How do you know that it isn't just FOMO?

It is. But even that can be driven. Why now ? Why not half a year ago ?

 

[Belz...]

Money doesn't exist. It is just numbers written on bits of paper, stamped on bits of metal, written in ledgers or stored in computers.

When you say it like that, it sounds like it does, in fact, you know, exist.

 

[psionl0]

It is. But even that can be driven. Why now ? Why not half a year ago ?

I have no idea and neither does anybody else. That didn't stop you claiming that "somebody is pumping it hard" as though this was an indisputable fact.

For all we know, this current price spike may just be another flash in the pan that leads nowhere.

 

[psionl0]

When you say it like that, it sounds like it does, in fact, you know, exist.

Does bitcoin exist?

 

[Belz...]

I have no idea and neither does anybody else.

"Well ok, but the official government story is a conspiracy theory, too!"