3 ms·

You talk exactly like an MLM salesperson. Do you have a seminar I can register for? ... But seriously, people will speculate on things and bubbles will happe

You talk exactly like an MLM salesperson. Do you have a seminar I can register for? ... But seriously, people will speculate on things and bubbles will happen in all assets, some are more resilient than others. While the future is never easy to know, your predictions can be dismissed out of hand because we definitely have some 'hard parameters' we have to deal with. BTC is definitely an outlet for illegal activity and tax evasion, and to the extent that it becomes material in that way, it will just be banned. And when it's banned in China, EU, USA, UK, Aussie, Canada, Japan, Korea etc. - well it probably won't be of much use to anyone. No regime will allow their tax base to be challenged in that way. And neither will the population, so the banning will be a popular measure. So by nature if it's own design, it can only be an annoying parlour game.

gfodor 5y ago
Why resort to personal attacks? You can dismiss my predictions all you want, they're still predictions. Maybe instead of just dismissing them, state your own.
- jollybean 5y ago
  Because arguments such as "You will regret on your deathbed not going BTC when it could go to $1M" is not an argument, it's something worse than ad hominem - it's snake oil / infomercial marketing masquerading as reason. At least ad hominem is honest. Consider the inanity of BTC trading at $1M, something so utterly volatile couldn't feasibly be used as a currency, for much the same reason we cannot use it now, it's deflationary: nobody wants to spend it, they want to hold it and believe in magic. That's the last thing you want in a currency, it means circulation dries up. BTC has already killed itself as a currency for reasons obvious before it's inception. Chiming in on boards with 'to the moon' / 'don't lose out' / 'you too could be a millionaire' rhetoric is not helping.
  - gfodor 5y ago
    Hilarious - I never said anything about regret. I said simply that either you’ll be proven right in a crash, have some point where you’d be willing to reverse your position, or just never change your mind. These three scenarios are obviously the only outcomes. So I was wondering if you could write down a point in terms of time + price where you’d change your mind. If not, and there is no other scenario where you would, then you’re holding an unfalsifiable position.
not_really 5y ago
Personal attacks are a weak argument, friend.

gfodor 5y ago

Why resort to personal attacks? You can dismiss my predictions all you want, they're still predictions. Maybe instead of just dismissing them, state your own.

jollybean 5y ago
Because arguments such as "You will regret on your deathbed not going BTC when it could go to $1M" is not an argument, it's something worse than ad hominem - it's snake oil / infomercial marketing masquerading as reason. At least ad hominem is honest. Consider the inanity of BTC trading at $1M, something so utterly volatile couldn't feasibly be used as a currency, for much the same reason we cannot use it now, it's deflationary: nobody wants to spend it, they want to hold it and believe in magic. That's the last thing you want in a currency, it means circulation dries up. BTC has already killed itself as a currency for reasons obvious before it's inception. Chiming in on boards with 'to the moon' / 'don't lose out' / 'you too could be a millionaire' rhetoric is not helping.
- gfodor 5y ago
  Hilarious - I never said anything about regret. I said simply that either you’ll be proven right in a crash, have some point where you’d be willing to reverse your position, or just never change your mind. These three scenarios are obviously the only outcomes. So I was wondering if you could write down a point in terms of time + price where you’d change your mind. If not, and there is no other scenario where you would, then you’re holding an unfalsifiable position.

not_really 5y ago

Personal attacks are a weak argument, friend.