Something i don't understand...


Don't you think the BTC price is way too high ? I mean to imagine to pay everyday things?

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Could BTC become seriously something more than a speculativ value? Would 1btc = 1dollard ( or euro   ) something possible in a good way in the future?

I think Bitcoin might ultimately fail, but is much more likely to succeed - as a result the value of a Bitcoin would almost certainly increase significantly due to the way the protocol has been designed e.g. finite supply etc.  

Some people think Bitcoin might ultimately succeed, but is much more likely to fail - at some point.  In the meantime its value will fluctuate wildly.  

My problem is with people that are absolutely determined to convince everyone - particularly themselves - that the ultimate failure of Bitcoin is a pre-determined absolute and, at no point on its trajectory, should anyone ever risk any money on it as a result.

I often think of all the people who regularly, and in my opinion quite foolishly, spend a significant amount of their very meagre income on lottery tickets - not to mention more direct gambling like online poker, sports bets etc.

By "protecting them" from investing in Bitcoin and ignoring where these people are likely to otherwise spend that money Jorge's really missing a trick.

People can't sell losing lottery tickets for any value at all.  If you keep one eye on a ticker then you can sell your bitcoin if and when you think it has become a losing bet.  One's a pure gamble and one's a (debatably) relatively high risk and potentially very high reward investment.

banks have no problem buying bubblicious derivatives, lending money to poeple that are likely to default in < 12months.

wtf is this "risk profile" bullshit

0.17% of bitcoins were traded (Bitstamp only) since 420 to effect a 6.8% price rise. The price inelasticity of supply is 39:1.

We have been enjoying the "sticky price" era for some weeks. Once the supply is no longer there, the tiniest demand kicks us out of the channel, very likely resulting in a snowball effect, so many times before seen with Bitcoin.