joecooin



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In for the money? Get lost and good riddance! April 11, 2013, 11:01:17 PM

Last edit: April 11, 2013, 11:22:27 PM by joecooin #1 I have seen people panicking today. Real, actual panic and fear in their eyes. They were into Bitcoin for a couple of weeks only, not even understanding the technology properly, not to speak of the ideals behind crypto currency. They went in for the money, to make money and now they lost money and are scared shitless and dissappointed to the bone.



And I have seen people who were very relaxed today. People who might in theory have lost a few 100k in terms of euros or dollars in the last 24 hours.



Last night, when shit started I was sitting together with Mike and Philip to get some Bitcoin related stuff hacked together. We saw the turmoil starting, tried our best to analise and understand what was going on and then continued working. After a couple of hours I realised that none of us had even checked the exchange rate for those hours, being concentrated on work to bring Bitcoin forward.



There's people who are into Bitcoin to change the world for the better.



And there's people who are in it for the bucks.



The latter have created this exchange rate madness and will hopefully be put off again now for a while.



As one of the former I am relieved that this market overheating bullshit has come to a halt and that people who are after the money will now most likely stay away again for a while, so we can keep on developing this wonderful technology and watch it grow slowly, gradually and sustainably.



Actually, from every aspect I look at this event I find it positive for the further development of Bitcoin. This is worth much more to me and the most people in the community than what or what not our coins might be worth in fiat right now. And if people who came in for the money are getting out again now:



good riddance!



Just my 5 satoshis.



Joe