Well it's sort of hard to apply traditional economic theory to something never before seen in history. That being said no one complained that the US Dollar ballooned in value too quickly after WW2, if something has value in the free market it will realize its true price faster than you think.

Hmm  never even thought about factom's use case for photos.

This could be big in court cases when trying to use digital photographs as evidence I would think.

I agree that there will always be civilian casualties in any war, but let's not kid ourselves, just because ISIS is bad doesn't mean Assad isn't. By all accounts he released alot of the Jihadis from prison to make competition for the moderate free Syrian army (which is probably safe to say in its final death throes( and considering his dad totally flattened the city of Hama in 1982, what makes you think he hasn't been doing the same?

It's like the USSR vs Nazi Germany in WW2, unfortunately you can't really root for either side.

Factom is a good investment IMO since it uses the bitcoin blockchain as a backbone for its data layer. Also Maidsafe as well.

Try to invest in something that isn't just trying to be another clone of Bitcoin but is different in its character.

Most of the people predicting low prices aren't even looking at the present. The global tennis shoe industry is valued at $220 billion alone. If Bitcoin is as revolutionary as people insist it is there is no reason it shouldn't be able to at least compete with sneakers for attracting global investment.

Come on yolalanda, what's fonzie like?

LOL I bought at 3x marketcap unfortunately to begin with. Oh well I'm hoping though this has a long-term potential to be huge.

Heh we will know Bitcoin has hit it big when we start seeing the flashing popup ads that say "You may have won a Bitcoin!* "

Well let's be honest, sometimes price and hype is the greatest movers of technology and innovation. You think the computer boom of the late 70s/early 1980s would have happened as quickly as it did if everyone and their mother didn't recognize this is the next pioneering landscape to create wealth in? Huge money poured into companies like IBM, Microsoft and Apple quickly and fortunes were literally made overnight. You think the FOMO here is bad, how many people were risking it all to be a part of the next garage-to-silicon valley company then.

The same goes for America in the latter 19th century when we were industrializing at a rapid pace and before you know it society went from largely rural homesteads and decrepit cities after the civil war to skyscrapers, trains, automobiles, the telephone and electrification in just a matter of a few decades.

Fast Growth is a GOOD thing and a healthy indicator of a strong economy. Fast growth means people are producing and money is moving in a healthy velocity. This is why Bitcoin is at a critical point, it's had 7 years to change the financial and technological landscape and it is running out of time. It has to do it now or face growing extinct to be replaced with something better.

Ehhh it's not like Gems isn't playing off the cutesy factor either in their promo video with little cartoon characters of Batman, Kanye West and Jesus (which i might suggest they remove Batman real quick before DC files a lawsuit).

Nothing in life is fair. The Dark instamine wasn't fair. It's not fair early Monero adopters got punished with runaway inflation. It's not fair 1st year Bitcoin miners were able to mine thousands of coins with crappy CPUs and cheap electricity. It's not fair Leo Dicaprio doesn't have an oscar. It's not fair I'm not rich. It's all just so unfair!

All one has to do is visit this forum to know human nature.

How many people in this community are off scheming and scamming other people while justifying it that they are ushering in a new post-banking humanity?

I swear having spent 2 years here I no longer look at nerds as wholesome and innocent anymore.

Litecoin was not the original alt, in fact its a clone of Tenebrix.

Yeah i'm sure no women and children were killed when they flattened Aleppo

Crypto users are funny, the rise from $0 is more miraculous and insane than from $200 to $1,200 and it happened without any willy bots. Look, either Bitcoin is something that is going to change the world or not so if you honestly think the best you are hoping for in the next 5 years is a 20-40% profit then you'd do better to dump your coins now and go invest in some pot stocks or other pink sheets. No earth changing technology should hover within this tiny, tiny marketcap for very long so to doubt its capability to rise is to doubt the technology itself.

Don't invest based on charts, invest based on your faith in the asset.

The thing is I would say the CAC is probably more political and hardline than the PBoC, afterall these are the guys responsible for the great firewall of China. The PBoC is more concerned with economic matters and not civil freedoms. If the CAC is saying it's okay then you might as well accept the Chinese government itself is endorsing it.

Personally I don't think anything can be labeled the "moon" when we get excited about going back to 1/3rd the price was 2 years ago. When we pass the ATH then we can talk.

Great news, now if we can only get one certain exchange to do a swap for its users...

Just something else I noticed on the chart

Compare the volume levels of summer/fall 2013 to this year.

What people never factor in is think about how many Bitcoin whales sold in the $800-$1,100 range in 2013. Now two years later Bitcoin has dropped 80% in price, along the way they captured all the cheap coins from the despaired users panicking over the price drops. They are now swimming in cash and bought back potentially 3-5x more coins than they had before and if this were injected right back into the economy, not only would it cause a bull rally but all the people who DID sell will come back again to buy back hoping to not make the same mistake twice.