I defined and knew about the "use/collapse" paradox a while ago but i defined it here generally :

http://kolinevans.wordpress.com/2014/07/25/why-the-bitcoin-price-really-needs-bad-news/

however today i'll go further   -:

Bitcoin now has a duel pressure, the loss of monopoly and the "Use/Collapse" paradox.


The Loss of Monopoly:

I think that enough time has passed that there is well developed (and growing) ASIC infrastructure in China - this is in effect causing a difficulty "nuclear arms race"

but its also causing the key loss of monopoly that allowed for the huge inital pump and exuberance.

so this time (and ever expanding into the future) there would be needed many multiples larger capital for the push up and many multiples larger "confidence" to hold it.

With the key loss of monopoly this could just in effect give competing miners an opportunity to cash in.

The UseCollapse Paradox  

generally defined in the document - but multiplied by the loss of monopoly and this explains, i believe,  why the volume has evaporated.

because the loss of monopoly means that less "use" can drop the price.


thanks for reading, have fun.

I wish I had an idea of what you are talking about, are you looking for a writers job? There are a few of them out there - especially in the adult field.

Sure, go where the action is in life. But remember the guy who paid 10,000 bitcoins for a pizza way back. How many pizzas can you buy for one bitcoin, now?

So you fell for the bear trap, did you read a falling thread or something..?   
Don't worry man it's not to late to get back in I think the market will begin to restabalize after a few weeks has passed.  So there is time to swallow your pride and buy back at a loss .   

Did you dump your Quark yet? 

http://kolinevans.wordpress.com/2014/08/22/what-would-a-crypto-currency-collapse-look-like/

^^
Tell me if you see anything you recognize.


only hope is to retain monopoly , and even then you are going to have holographic "use/collapse" ridiculousness.

the "Bait and Switch" to "derivatives" sunk like a stone.

so what's the game plan?

This is some horrible advice.
Quark isn't stable but an inflationary currency which have been steadily losing value and costs more electricity to mine than the value of the coins.

For every 25 pennies of quark that you mine you will consume an average of 1.32 in electricity.

Quark isn't is as volatile or more so than Bitcoin as well when you look at the daily price swings.

I wish you the best of luck with that and hope it works out.  I for one think their is no reason to sell at this time.  When the price was over 600 sure but not now.  I think I understand your reasoning to buying quark but I was more talking about getting out of Bitcoin for good.  I didn't think you meant as a way to avoid a loss of profit, that is how I interpreted your post anyway so feel free to correct me if I'm mistaken.  

No worries , the details are best explained in that blog link.

I've only ever made a profit , the problem is (of course)  Bitcoin is a microcosm of all its clones.

Its just that its monopoly was better held, but i don't think it can be held.

So I'm saying the illusory market can not be faked for much longer.

This means likely valuation collapse and reorganization, however that whole process is complicated by centralized mining.

Don't take it personally its just a failed design.