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Feeling generous. 0.005 BTC to the first 5 posts.
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I understand the paranoia of a crash- certainly I am nervous myself, but this time around it really feels like the infrastructure is doing a much better job of keeping up with the speculation. We went from 1 major conference a year to what seems like weekly bitcoin meet ups and events all over the place. I came home to the us to find everyone I know talking about bitcoin. Asking me about it, and pitching ideas for it.
Of course it's a bubble, but you have to consider as well we might be really starting to fulfill a niche. Speculation is now less speculative, (prior to April there was no china, no Chinese governments tacit approval, no us senate hearings with that sounded like the government was not interested in letting some non-us company get a lead in crypto)
So I think is price reflects a growing certainty about the future. We probably don't even need to be fueled by press coverage for that much longer. It would be enough to enter themainstream to to start slow steady growth.
I know a crash is in the future, but perhaps by then so many peoplew I'll be trying to get in that it will only serve to further the frenzy.
This time its different. |
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Yeah I think he does get it more or less. He still thinks its 'probably a bubble'. I think a lot of people will be worried about Bitcoin being a bubble. Run through the process in your head - imagine that Bitcoin collapses to zero. Is there a point at which you would buy some, just in case? e.g. if it goes to $1, will you buy a few hundred (or thousand?) knowing that if it recovers, its probably never going back down? Do you think others may do the same? At what price would they do so?
Now do you still think the bubble can burst completely? Or do you think maybe it will go through a cycle of bubbles and crashes, which get progressively less intense as the user base increases?
What seems to be happening so far?
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10 years is impossible to predict, but next-to-everyone in this forum believe that Bitcoin will reach 1,000$ within two years (I think that's safe to say).
Try two weeks. |
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If I sell pizzas for $20 USD or $18 worth of bitcoins, who is the fool?
The guy who wrote that article. |
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lol yeah, just means when you buy a $20 pizza, it cost you (20/1000)*$2 = $0.04 instead. Great incentive to spend your coins.
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I'm one of those funny people who likes round numbers. Whenever I get excess digits in my wallet balance which I don't want, I will tidy up by sending a donation this way  |
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In fairness to your brother, the immediate reaction of most people when they discover Bitcoin is that it could get banned. Spend some time reading up on it, follow the news, and once you have a clear understanding of the various factors at play, and the resilience of the system, you may change your mind.
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I don't think he knows what the words Ponzi Scheme mean. Among other things.
I disagree. I think he has a very good understanding of ponzi schemes. Unfortunately, I don't think he has a very good understanding of Bitcoin. |
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we are all a superposition of energy and information brightly burning for a shortest moment in the infinity of the endless emptiness.
This is exactly what I love to read in the morning. Today is off to a good start! But it isn't the morning  Its the afternoon silly! Open your eyes. There is a whole world outside of your little piece of Earth. It is always morning somewhere. Lies! Your telling me its somehow different times in different places? Get out of here! |
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we are all a superposition of energy and information brightly burning for a shortest moment in the infinity of the endless emptiness.
This is exactly what I love to read in the morning. Today is off to a good start! But it isn't the morning Its the afternoon silly! |
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Definitely time to switch to mBTC IMO
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Is there a meaningful difference between 1kg of gold and 1 gram of gold?
My god you're right. I totally see it now. 1kg of gold is exactly the same as 1g of gold - If you asked me which was worth more, I would have to agree that they are both worth the same amount! How could we all be so stupid for the last 5 years, and bid the price of 1 Bitcoin all the way up to $1000? Sorry guys, the party is over - sell all your Bitcoins now for whatever you can get, the system is flawed. |
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Can we start partying yet?
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You can't look back and regret buying things for BTC. We all know that BTC will be worth more in the future, but it will only get there if people are using it for purchases and growing the BTC economy. So buy extra BTC on top of the ones you're going to hold, and set them aside to spend on stuff which you would have spent the fiat on. Doing this increases the value of the coins you are holding long term, so its win-win.
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