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Title: .... Post by: souspeed on May 30, 2013, 06:19:50 PM ….
Title: Re: 2013-05-30 Bloomberg.com: Why I invested in Bitcoin Post by: Piper67 on May 30, 2013, 07:11:44 PM Oh my... :)
Title: Re: 2013-05-30 Bloomberg.com: Why I invested in Bitcoin Post by: hacknoid on May 30, 2013, 07:23:24 PM More people need to take the red pill.. ;)
Title: Re: 2013-05-30 Bloomberg.com: Why I invested in Bitcoin Post by: SgtSpike on May 30, 2013, 07:29:57 PM 1% of your assets in Bitcoin...
http://img.mu.cdn.li/Ao/xqefEH.jpg 1% of: Quote The total value of the world's financial assets equaled $198.1 Trillion and the total value of all equities equaled $53.7 Trillion. Clearly equities, bonds, bank deposits and such are massively overshadowed by the notional value of the derivatives market which is over $700 Trillion. = $428,571 per BTC.Title: Re: 2013-05-30 Bloomberg.com: Why I invested in Bitcoin Post by: Le Happy Merchant on May 30, 2013, 07:56:36 PM 1% of your assets in Bitcoin... 1% of: Quote The total value of the world's financial assets equaled $198.1 Trillion and the total value of all equities equaled $53.7 Trillion. Clearly equities, bonds, bank deposits and such are massively overshadowed by the notional value of the derivatives market which is over $700 Trillion. = $428,571 per BTC.Hell, even 1% of that 1% would be crazy. Title: Re: 2013-05-30 Bloomberg.com: Why I invested in Bitcoin Post by: solex on May 30, 2013, 10:57:06 PM Bitcoin on Bloomberg: "Call it schmuck insurance". Quote I’ve told my friends that it is entirely rational to allocate one percent of your assets to Bitcoin -- as I have. Call it schmuck insurance. As the 2008 crisis proved, schmucks can cause a world of damage. http://www.bloomberg.com/news/2013-05-30/bitcoin-the-perfect-schmuck-insurance.htmlUnfortunately, a weak title for one of the best Bitcoin articles written about the long-term perspective. Title: Re: 2013-05-30 Bloomberg.com: Why I invested in Bitcoin Post by: Bakemono on May 31, 2013, 02:33:13 AM After reading this article i have just one thing to say.
GO WARRIORS! ;D Title: Re: 2013-05-30 Bloomberg.com: Why I invested in Bitcoin Post by: TheKoziTwo on May 31, 2013, 02:45:37 AM Quote Assuming that Bitcoin can replace gold as a more useful store of value, then the upper bound of each Bitcoin would be almost $400,000 ($8 trillion/21 million bitcoins). Oh my... these money are up for grabs (http://youtu.be/59uTUpO8Dzw?t=19m14s) people, up for grabs ;)If Bitcoin grows into something bigger -- a useful reserve currency, then watch out: Its value will far exceed $400,000. I personally think that Bitcoin is already superior to gold. Its role as currency is yet to be determined, but over the next decade, being Gold 2.0 will suffice considering that it would represent a more than 3,000 times return. Title: Re: 2013-05-30 Bloomberg.com: Why I invested in Bitcoin Post by: lunarboy on May 31, 2013, 07:18:41 AM The transformation of Bitcoin image in the press from just the last 4 months is almost frightening..... Much Hat eating going on ;D
Quote The opportunity here is to think constructively about a world in which money flows are more transparent (Bitcoin), easy (Bitcoin), cheap (Bitcoin) and secure (Bitcoin). Does the Bitcoin economy need regulation? Possibly. Much like virtual guardrails enabled the Internet to thrive, the Bitcoin ecosystem may need something similar to begin rebalancing the financial services landscape.]The opportunity here is to think constructively about a world in which money flows are more transparent (Bitcoin), easy (Bitcoin), cheap (Bitcoin) and secure (Bitcoin). Does the Bitcoin economy need regulation? Possibly. Much like virtual guardrails enabled the Internet to thrive, the Bitcoin ecosystem may need something similar to begin rebalancing the financial services landscape. Quote There will be some bad and awkward moments, but lots of good, useful and powerful things will also ensue. It will reallocate financial strength and power to the people versus keeping it within a few centralized authorities.]There will be some bad and awkward moments, but lots of good, useful and powerful things will also ensue. It will reallocate financial strength and power to the people versus keeping it within a few centralized authorities. Title: Re: 2013-05-30 Bloomberg.com: Why I invested in Bitcoin Post by: oakpacific on May 31, 2013, 09:03:36 AM And you wonder how Zuckerberg came to be familiar with Bitcoin... ::)
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