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February 19, 2013, 06:16:46 PM |
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Speculative bubble... lmao.
look man, ill admit that week to week we might see a price swing of a couple of points, but if you think its a bubble you are fucking lost.
Back in the day sure, but this is a long time later - the protocol is still here and solid. The value store is growing. Trust has been built. Fortune 500 Merchants accept it. Real media is paying attention, etc...
For the Bitcoin network to support any real finance each bitcoin needs to be worth 100000000000/10500000= $9523.80952381 give or take a few coins.
To get there, we would need to double the current bitcoin price every second month for the next year and a half (a fucking long time in the internet space).
Social media spreads awesomeness fast. Bitcoin is moving from the hardcore geeks and fringe early adopters to the sneezers. The sneezers will spread the virus to the world.
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