I suppose if you treat Bitcoin as a mere asset, it's easy to think of it as some kind of tradeable commodity, rather than disruptive technology. Bitcoin the disruptive technology is much more than bitcoins, the commodity though.

If Bitcoin were an enterprise, its IPO would still be years away. Of course the charts look ugly compared established commodities like metals, agricultural products or foreign currencies, or publicly traded shares of the kind of established businesses whose shares are already traded on exchanges. The wild "bubble"-like price fluctuations are typical of new enterprises still in the domain of angels and VCs. By the time most new endeavors reach the point of public offerings, the bumps have been smoothed out.

Only Trader cultists compare Bitcoin to stocks, penny or otherwise.

Probably.

Mind you, a million bucks doesn't go very far these days. A crappy little condo in downtown Toronto costs more than that.

 

Why so surprised? I was born in the 1940s. I guess around here that makes me ancient.

We still had horses pulling the coal, ice, bread and milk wagons. No TV, just floor model radios with humongous field coils on the loudspeakers. Built my first transistor radio in the 1958.

Saw my first computer in 1960-1 at the University of Western Ontario. It was an IBM 650 with revolving magnetic drum memory, vacuum tube logic, punch-card I/O and a monitor consisting of an array of neon indicator lights showing the state of all the flipflops (Eccles-Jordan circuits). Programming was done with patch cords. Heard about the new-fangled transistorized models with "solid-state" core memory consisting of ferrite rings on a matrix of crisscrossed wires. Still magnetic, but no moving parts!

Got a tour of the Artificial Intelligence Center at Stanford University in 1968, where my brother worked at the Linear Accelerator Corporation while taking his post-graduate studies as part of the "brain drain" from Canada that helped build Silicon Valley. He's still proud to have graded Vint Cerf's undergraduate calculus paper. It was there I first saw a qwerty keyboard and CRT monitor connected to a computer (DEC PDP-1, I believe). Yes, I did get to try Steve Russell's "Spacewar!".

Needless to say, I'm still a hardcore geek as well as a hard-partying rock&roller. I still play semi-regularly with several bands. It helps me to get hit on by women 20 years my junior. Use it or lose it.

4am rising? We used to call that farmer's hours.  

7am? That's past my bedtime. Must be in bed before dawn

Some of us used to consider eastern sunlight to be carcinogenic. Something to do with Doppler effect.  

LOL No.... Eastern Standard, Toronto time.

I used to play music in bar bands back in the 1960's, '70s and '80s. Didn't finish work until after 2:00 AM so by the time I relaxed and ate, bedtime was 4:00 or 5:00AM.

After enough time the old biological clock got reset to a noon rising.

Even though the old 6-nights-and-a-matinee business dried up in the mid-1980s (may as well be talking about vaudeville!) my old sleeping habits remain.

I still wake up spontaneously at the crack of noon.

Good morning Bitcoinland.

Missed a short-lived bump up soon after my bedtime I see. Dropped almost as fast.

We're still up on the day so far though, so we'll take it.

Mmmm. Coffee. 

Yep. He's pretty flaccid.

 

No.  

Everything over 1 digit is overpriced, right?  

And the CCMF won't start until $1400.

LOLOLOLOL



 

Good morning Bitcoinland.

It's nice to see we took back what we lost yesterday on that foolish failed manipulation dump.

Glad I bought the dip.

Good morning Bitcoinland.

Just got back from buying a couple more coins after the failed manipulation dump shortly after waking.

Missed the last dip because it was on a Sunday.  This makes up for it.

Good morning Bitcoinland.

Nice to see we kept most of yesterday's gains overnight.

The week-long bear trap hasn't finished closing yet though.

Nothing that a few million dollars well-spent wouldn't cure.

Luckily there are many more dollars than bitcoins.

Good luck to you. IMHO it's more likely to hit 12 c-notes than 12 cents but time will tell.

As for spending less time here, it depends on how you treat this place.

The #1 reason I come here is probably Chartbuddy. Of course while I'm here, I'll check in on Adam's trollbox for entertainment and the occasional piece of valuable news or information. Unfortunately, it's become so overburdened with the 50-cent army and other trolls here that it's getting harder and harder to glean anything worthwhile anymore.

Ouch. Never trade more more than 10% of your coins. 



Unless you're forced to spend/sell of course.   

DCB? LOL