why bitcoin will fail
 

logically someone will sell software ect for you to run your own version of bitcoin, possibly better than bitcoin.

thus when everybody in the world is running a currency, bitcoin will become no value.

Bitcoin will fail in the long run, but it's going to have more to do with the fact that the banking system on this planet already has the monopoly on what is valuable, and what is worthless.

Had Bitcoin been a product of the already established system, we wouldn't even question its fate.

It seems like there are a lot of these cryptocurrencies popping up. It will be interesting to see how they compete with each other.

... what the fuck? There are tons of coins out there now, and each one is a money-making opportunity to buy and sell it on the volatility. There are protocols and layers on TOP of bitcoin, there are altcoins, all sorts of options and flavors. Are you not aware of this, or are you just trolling?

You can start your own coin today, good luck overtaking the one that has tens of millions of dollars already invested in infrastructure though. There is a new bitcoin related company every day.

The sad part is that bitcoin is like adult was circa 1998 to 2002 with the endless opportunities, innovation and fun but idiots like you can't see it.

bitcoin is an experiment. that experiment has already succeeded. the goal was not to replace anything or be the be all end all cryptocurrency.

the fact the it's got more cryptocurrencies being created combined with people like you starting threads about it support the fact it's a success.

no, the sad part is dipshits like you who point your finger at people saying where's the innovation while not innovating jack shit yourself.

possibly this will make bitcoin more valueable,
think like this , there are hundreds of new domain extensions are coming , will it make .com more worthless ? no, it will make .com more valuable.

it will fail once the demand stops.

BitCoin = Fail
 

Study

Gresham's Law


However, the greatest threat to BitCoins is it's own success. The more valuable it becomes, the more hackers will come after it. It's been hacked, it will be again.

Please post a link to how/when Bitcoin itself was hacked.

Bingo on my fourth coin now about to launch another one....

you need to buy some moon coin

:1orglaugh lol :1orglaugh lol :1orglaugh lol :1orglaugh lol :1orglaugh

its called stealing. if i am not wrong.

Buy? Or mine?

Buy now i would not mine them at the moment i had 5MH for the launch and got more coins in the first few hours then i have in the last 48hrs

Yahoo -> good luck -> Google
MySpace -> good luck -> Facebook
Bitcoin -> good luck -> GFYcoin

neither have most of us on this planet, what is your point?

the op hasn't exactly brought up anything that isn't obvious, if someone were ever to compromise the creation process the value would disappear.

No, he really is as stupid as he comes across. I've met him.

this guy is the financial genius of our time and i'm getting out of cryptocurrency right now

my point is the guy's a dipshit. i made that very clear when i pointed out the guy is a dipshit.

This is like saying how dollar will soon fall because there are other people making their own paper currencies.

for the people who can't read good.

Bitcoin is the first cryptocurrency, a form of money that uses cryptography to control its creation and management, rather than relying on central authorities.

Can you clarify what you mean by this? The "creation process" as in the mining process? If so, that's not what OP is saying. He's saying if someone created another coin, which has been done again and again with varying levels of success, and little to no effect on bitcoin itself.

Or even saying how coca cola will go out of business because there is so many cheaper and better alternatives.

surely you realize this can't go on forever. these altcoins won't have a long shelf life. its just riding on the coattails of bitcoin.

I don't like Cyber Money...

Several altcoins solve problems that bitcoin does not. A market exists for them, even if it's a speculation-fueled one. In the meantime, not making money from them is silly. It's like taking candy from a baby, and the people who pitch the doom and gloom while not making any money at it just have my pity.

nice way to sig whore :pimp

logic would suggest that others will come along with new and better versions. thus bitcoin will die.

its like myspace was replaced by facebook. and even facebook is being replaced by phone apps.

we are bound to see people do there own versions and sell there own versions.

we are bound to see over the many months new versions, and thus the market becomes flooded.

the idea of bitcoin is to limit the amount and thus make it hold its value. but as others move in, its value becomes less.

you have never met me.

Your grasp of financial markets sounds tenuous at best. I was hoping you were trolling. :Oh crap

This isn't to say that I don't agree with you that bitcoin could certainly lose a lot of its value, but I definitely wouldn't say it's inevitable, and I certainly don't agree with your reasoning.

i'd like to make money off them but it just seems that i am better off sticking to what i know rather than what i don't. how much time do you have to spend watching prices to make sure you buy and sell at the right times? i missed out on bitcoins and it sucks but i don't have a bunch of money to risk losing anyways.

DVTimes man this is one of your dumbest posts yet.

So, if I start a tube today it's automatically carries as much weight as porntube/redtube/etc?

Man you really sound idiotic at times LOL.

no

we are not talking about a website.

we are talking about a method to pay and take payments by bitcoin, that almost each day has a bad news story.

the point being is that this is simply a tulip bubble.

yes, people are bying as they hope to get rich as the price goes up. but as soon as it drops, less people will want to take it. after all your hardly going to want to sell your house in bitcoins if next day they are worth less.

i found this just now:

http://www.theguardian.com/technolog...p-dutch-banker

by the way it makes no odds to me if you use it or not.

i will not and i am happy.

anyone that compares btc to tulip mania hasn't done their research on tulip mania (it was debunked as a myth years ago) or on bitcoin and certainly not on bubbles, which happen with every single investment tool on the planet, from btc to real estate to gold to stock, pork bellies. etc.

Porkbellies!!

You mean BBQCoin? :thumbsup

That's like saying there was Microsoft, so there was no chance for there to be Google.

I spend very little time, personally, but some definitely obsess over it. I trade in and out of various currencies automatically with a trading bot. I only need to intervene when it does something stupid.

i'm going long on bbqcoin!