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Title: 2013-02-15 forbes.com - Why I'm Not Ready To Sell My Bitcoins Post by: julz on February 14, 2013, 09:49:29 PM Quote Why I'm Not Ready To Sell My Bitcoins Timothy B. Lee 2013-02-15 http://www.forbes.com/sites/timothylee/2013/02/14/why-i-dont-think-bitcoins-big-price-rise-is-another-bubble/ ... So is the new Bitcoin price rise a bubble? I don’t think so. Nothing like Bitcoin has ever existed before, so it’s not clear how to compute a “fundamental” value for it. ... But Bitcoin is a sufficiently novel technology, with security and privacy features traditional financial networks can’t match, that it seems likely that people will find something cool to do with it. And when they do, they’ll need to get their hands on a lot of Bitcoins. So I’m not ready to sell mine yet. Title: Re: 2013-02-15 forbes.com - Why I'm Not Ready To Sell My Bitcoins Post by: hazek on February 14, 2013, 10:15:06 PM Very good article, and surprisingly not written by Jon :D
Title: Re: 2013-02-15 forbes.com - Why I'm Not Ready To Sell My Bitcoins Post by: marcus_of_augustus on February 14, 2013, 10:18:34 PM Ha!, Mr. Lee has changed his tune considerably ... and scored himself a gig at Forbes.
(Note to self: remember to send a thank-you to Mr. Forbes.) Title: Re: 2013-02-15 forbes.com - Why I'm Not Ready To Sell My Bitcoins Post by: justusranvier on February 14, 2013, 10:21:19 PM All of a sudden I just had a flashback to an article by Falkvinge...
Title: Re: 2013-02-15 forbes.com - Why I'm Not Ready To Sell My Bitcoins Post by: n8rwJeTt8TrrLKPa55eU on February 14, 2013, 10:25:12 PM A public admission of error is something not often seen, and praiseworthy. Hopefully the first of several retractions from people who have unfairly dismissed Bitcoin in past writings.
Quote In August 2011 I predicted that the Bitcoin economy would gradually deflate until it had dwindled away to nothing. Obviously I was wrong. Title: Re: 2013-02-15 forbes.com - Why I'm Not Ready To Sell My Bitcoins Post by: Gabi on February 14, 2013, 10:52:13 PM Quote Such a company would have venture capitalists beating down its doors Footage of venture capitalists going to invest in bitcoin: http://www.bildschirmarbeiter.com/content/anigifs/animated-gifs-89/animated-gifs-89-017.gif :D Title: Re: 2013-02-15 forbes.com - Why I'm Not Ready To Sell My Bitcoins Post by: grondilu on February 14, 2013, 11:16:17 PM Quote Such a company would have venture capitalists beating down its doors Footage of venture capitalists going to invest in bitcoin: http://www.bildschirmarbeiter.com/content/anigifs/animated-gifs-89/animated-gifs-89-017.gif :D ;D ;D ;D ;D Title: Re: 2013-02-15 forbes.com - Why I'm Not Ready To Sell My Bitcoins Post by: marcus_of_augustus on February 15, 2013, 12:15:45 AM shut up and take their money ;)
we need to lighten their load. :D Title: Re: 2013-02-15 forbes.com - Why I'm Not Ready To Sell My Bitcoins Post by: kjlimo on February 15, 2013, 12:20:17 AM So he's not ready to sell them. Is he ready to buy them?
Title: Re: 2013-02-15 forbes.com - Why I'm Not Ready To Sell My Bitcoins Post by: FreeMoney on February 15, 2013, 01:04:36 AM Quote The fact that people were still willing to buy after seeing Bitcoins lose 90 percent of their value suggested to me that the currency was likely to have long-term staying power. I guess I get where he's coming from, but it's sort of silly, and the equivalent statement, "People were still selling them for 90% less than previously" isn't so optimistic sounding. |
