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I think you are confusing cause and effect!
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Everyone is quick to suggest recent performance is an indicator of future performance, but then quick to shoot down anyone suggesting that a past bubble won't indicate a future bubble. I'm confused, why the inconsistency?
On a yearly basis, there has never been a bitcoin bubble. I sure as hell don't guess future performance based on past performance. I think you'll find most are just bullish about the fundamentals. |
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You're not going to get a very good sample asking people on the Bitcoin forum!
"Europe" is also a relatively big place...
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I'll do more research, but I heard about the ranking of app downloads and that shouldn't be an indicator, in my opinion. I've downloaded a ton of things that I ultimately found useless.
It would just be useful to see these metrics aggregated. If I was in a position to do that I would, but the fact that it isn't leads me to believe this is a speculative move because I doubt it's based on said metrics. Just my opinion.
Yes, but the overall number of downloads is increasing. One would expect the % of browsers to users to remain constant -- at least, that is a reasonable assumption (since any FA is going to be very back-of-the-envelope, it makes sense to keep assumptions as simple as possible). |
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Agree on the reality part, but all indicators point towards an exponential increase in the number of users. THOSE are the fundamentals.
Where can I see these indicators? Particularly those new users that actually have converted to getting skin in the game and aren't just having a curious reaction to current media coverage. All over this forum. Search for # of My Wallet users (blockchain info), Queue at Mt Gox, app downloads. I've also posted a chart (from blockchain.info) showing speculation as a % of usage. All signs do point towards a new rash of users. |
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I wonder how many apps won't be ready to display BTC:USD with 3 figures before the decimal...
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I think people in the Bitcoin community tend to lose perspective on reality. If you were to poll any significant amount of individuals, I would generously guess 15% have heard of Bitcoin, 10% sort of understand it, 2% understand it, and <0.5% own any (these are all out of my ass and probably overly optimistic).
What has fundamentally changed to support current valuation? Wordpress, Namecheap, (and some other marginally mainstream services) accept bitcoins? Some new budding technology?
I'm legitimately curious, not trying to be an asshole.
Agree on the reality part, but all indicators point towards an exponential increase in the number of users. THOSE are the fundamentals. |
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The most important thing when you consider the price is to keep wishful thinkings away.
On the contrary. Wish for the best. Prepare for the worst. No sense in planning for mediocrity. The primetime could be delayed if bitcoin is not ready yet, not denied. There is no mediocrity here, bitcoin has already been beyond amazing. I'm not pumping or pushing... I'm happy with the status quo and bullish long-term. Harshing everyone's bull-buzz isn't going to magically improve adoption either. |
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The most important thing when you consider the price is to keep wishful thinkings away.
On the contrary. Wish for the best. Prepare for the worst. No sense in planning for mediocrity. |
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People are foolishly waiting for btc to correct. It is pretty clear this wont happen for a long long time...
+1 BTW, isn't it the middle of the night in the US ATM? We keep hitting all-time highs. Should bode well for the next 24h. |
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Hi,
Great idea.
Where are you from? China?
The English on the site needs polishing, as there are plenty of errors.
I can help: I'll provide the fixed English text for Home / Jobs / Terms & Conditions for you for 0.25 BTC.
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You can still report posts to Mods. I reported a post in the wall thread a few weeks ago (fake hacking rumours), and it was swiftly cleaned up.
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Sorry to harsh the toga party buzz... you missed Turkmenistan off the "surpassed already" list ;-)
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... still waiting  Just answer this: How's that strategy working out for you so far? U r right but you could also be wrong tomorrow lol but I hear what ur saying and ur post is appreciated and kinda of annoying, JK  I know :-) The first problem is, you're asking for opinions, and you will get them all over the spectrum. The real problem is, there are two axes of data you need to plot (risk vs. reward), not just one (up or down). The thing with risk is: It is relatively constant over time. The chance of there being a news event that breaks Bitcoin is similar tomorrow as it is today. You're not decreasing that risk by delaying. |
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