Welcome to the forum, newfriend! Nice first post, much wisdom  |
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I'm also putting Lamb Chops on ignore.
The first and hopefully the last user I'll have to do this to (since I joined in April 2013).
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Keep droning on about Tim draper...
Tim Draper tho...  |
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BTC up 15 % vs USD the last 7 days. Pretty ok...
BTC up 0% vs USD in the last 6 days. BTC down 35.19% vs USD in the last 30 days. I'm okay with that  BTC up 1000% since Jan 2013. What's your point? Down 65.62% in the last 6 months. What's yours? |
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BTC up 15 % vs USD the last 7 days. Pretty ok...
BTC up 0% vs USD in the last 6 days. BTC down 35.19% vs USD in the last 30 days. I'm okay with that |
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...I understand that but I feel like its still possible to get VC funding with Bitcoin companies...
Yes. If you're good at getting VC funding. It's sorta like getting grants--a skill in itself. |
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PayPal works regardless of USD price, so knowing that USD is going to tank should not dissuade me from investing in PayPal.
Coinbase works regardless of BTC price, so knowing that BTC is going to tank should not dissuade me from investing in Coinbase.
Did this help?
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What is it about "investing in PayPal is not investing in USD" that you find so difficult to grasp?
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Do you think its a good time to start a Bitcoin business right now? With so much VC funding flow in...
"So much" compared to? To nothing  2013 compared to 2014, and for example Coinbase just got $75 mill alone... Ahh, gotcha. Coinbase has been around for a bit. Didn't get 75 mil because there's free-floating VC $$$ just looking for ground. |
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Do you think its a good time to start a Bitcoin business right now? With so much VC funding flow in...
"So much" compared to? |
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Never did. Just pointed out that if (NASDAQ Composite)=(crypto) => (a company listed on NASDAQ, e.g. WorldCom)=(Bitcoin). Seems self-evident, no?
Right. Only difference between our points of view: the NASDAQ company that is equal to Bitcoin in the analogy could be WorldCom, or it could be Microsoft, Apple or any of the other major players that we take for granted now but that saw huge valuation slumps in the aftermath of the "bubble" pop. Fun fact: AAPL fell from ~5$ to ~1$ in the early 2000s. Surely Apple must have been dead back then. Fun fact 2: Both of those sound like a good entry price now that it's trading at above $100, huh? This is getting tedious. AAPL? You gonna trot out the Bitcoin=internet analogy next? Yes, Bitcoin could be the next IBM, Apple or even the Easter Bunny. Fun fact: I doubt it tho. |
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...Just don't bring up the "dotcom craze" as a whole as an argument against crypto...
Never did. Just pointed out that if (NASDAQ Composite)=(crypto) => (a company listed on NASDAQ, e.g. WorldCom)=(Bitcoin). Seems self-evident, no? |
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.@oda.krel:
You claimed that those who have invested during the dotcom craze came out in the black after 14 years. The DotCom analogy was brought up as a counterargument, i.e. no, no they did not.
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...will we go up soon?
Yes. We will almost go up. Almost guaranteed. ... FTFY @Davyd05: Not on his own exchange, no. |
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^I've never claimed that Bitcoin is dead. Clearly some unusual stuff happened already (hashrate getting weird, bizarre pool distribution...  ...cattle mutilations, lights flickering, etc., etc.). If you feel like riding this thing down to $2, you go right ahead. |
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Maybe you don't believe bitcoin has a future, but Coinbase just got 75 million votes to the contrary.
... Again: Coinbase is not Bitcoin. If someone wants to invest in USD, they don't invest in PayPal, they buy USD. Name one, really, just one large company (other than the producer) investing in Beanie Babies infrastructure ... You mean "selling BTCeanies to idiots"? eBay, to name one |
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...we should probably wait until we're back to single digits per coin before declaring Bitcoin bankrupt like Worldcom, right?
I remember hearing $300 being the point of no return. I guess we can ride this thing all the way down tho...  |
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Maybe you don't believe bitcoin has a future, but Coinbase just got 75 million votes to the contrary.
... Again: Coinbase is not Bitcoin. If someone wants to invest in USD, he won't invest in PayPal, he'll buy USD. |
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...When they discover they just can hold it anonymously, they will come in and we will see it in price action. ... You should probably give them a call & clue them in. They'll be really grateful & give you a nice mansion. |
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