carborundum (OP)
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Activity: 57
Merit: 0
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April 03, 2013, 07:02:28 AM |
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WTF is going on? This has to be a bubble??
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The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
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WinVery.com
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April 03, 2013, 07:09:38 AM |
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A proper USD valuation is all.
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pumawolf
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April 03, 2013, 07:11:04 AM |
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i just went from broke to poor all in the same day, if it rises anymore i can eat at in n out instead of mcdonalds.
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Bowjob
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April 03, 2013, 07:11:30 AM |
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A proper USD valuation is all.
Nah, proper USD valuation is actually at least 10,000 if bearish. I'd say around 20,000-40,000 range and I'll be interested. We are the early adopters. |
It seemed like a good idea at the time.
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wopwop
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April 03, 2013, 07:15:20 AM |
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A proper USD valuation is all.
Nah, proper USD valuation is actually at least 10,000 if bearish. I'd say around 20,000-40,000 range and I'll be interested. We are the early adopters. True we're looking at the new world wide elite money system called Bitcoin |
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forbun
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April 03, 2013, 07:31:49 AM |
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I spent an hour trying to find some way to easily spend bitcoins using my iPhone. I failed. Bitcoin isn't ready for the real world. People buying today are speculators -- their only use for bitcoins is to sell them for fiat currency at some point in the future, at a higher price. Thus I think it's somewhat of a bubble.
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What name would you give to the smallest unit of bitcoin (0.00000001)? sat. What name would you give to 100 sats? bit. 1 bit = 1 uBTC. 1,000,000 bits = 1 BTC. It's bits |
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wopwop
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April 03, 2013, 07:34:38 AM |
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BTC OVER $9000 Soon enough I spent an hour trying to find some way to easily spend bitcoins using my iPhone. I failed. Bitcoin isn't ready for the real world. People buying today are speculators -- their only use for bitcoins is to sell them for fiat currency at some point in the future, at a higher price. Thus I think it's somewhat of a bubble.
You are a noob in the math behind Bitcoin obviously, it can only go up as you can see on the bid vs ask wall |
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moni3z
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April 03, 2013, 07:36:53 AM |
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I spent an hour trying to find some way to easily spend bitcoins using my iPhone. I failed. Bitcoin isn't ready for the real world. People buying today are speculators -- their only use for bitcoins is to sell them for fiat currency at some point in the future, at a higher price. Thus I think it's somewhat of a bubble.
Iphone's are useless for security, as are every other mobile device unless you did a custom build. Be glad you didn't find a way to store coins on there they'd all be gone. |
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EndTheFed321
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April 03, 2013, 07:37:56 AM |
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If People are buying today for speculating reasons. I wish bitcoin would drop like a rock down to $1.00  |
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dg2010
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April 03, 2013, 07:39:27 AM |
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A proper USD valuation is all.
You really are living in a fantasy land. This valuation is not based on real trade, real volumes, it's based upon speculation. As such the value of the bitcoin is not being properly represented. This IS a bubble. I just hope everyone doesn't try sell at once. |
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twolifeinexile
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April 03, 2013, 07:40:30 AM |
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If People are buying today for speculating reasons. I wish bitcoin would drop like a rock down to $1.00 hope, that itself is a price support |
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pumawolf
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April 03, 2013, 07:41:30 AM |
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how long does bubbles usually last outside of bitcoin, in wallstreet or what not.
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dg2010
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April 03, 2013, 07:47:14 AM |
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how long does bubbles usually last outside of bitcoin, in wallstreet or what not.
No point looking outside of Bitcoin because the dynamics are different. But bubbles usually take many years to mature, and in most cases it's not seen as a bubble because real economic trade continues and masks the nature of the bubble. Bitcoin bubble is like 1000% in a few months, and no equivalent uptick in trade? How do you explain that one? You can't. |
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wopwop
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April 03, 2013, 07:47:27 AM |
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A proper USD valuation is all.
You really are living in a fantasy land. This valuation is not based on real trade, real volumes, it's based upon speculation. As such the value of the bitcoin is not being properly represented. This IS a bubble. I just hope everyone doesn't try sell at once. Dude you don't know what you are talking about Bitcoin is the new future money of the REAL WORLD but you are just too blind to see it Check yourself, look at the price, you think the price doesn't reflect what people are thinking? They know this is the future |
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dg2010
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April 03, 2013, 07:52:52 AM |
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Bitcoin is the new future money of the REAL WORLD but you are just too blind to see it
It may well be, that doesn't explain why the price has gone from $10-$130 in a few months. That sort of growth is clearly speculative and therefore unsustainable and at some point there will be a correction. You can believe in the future of bitcoin without sticking your head in the sand, which unfortunately seems to be the standard response for many people here. If bitcoin is going to grow and be successful it will have to be based upon actual value and real growth, not simply speculation. |
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wopwop
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April 03, 2013, 07:55:00 AM |
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Bitcoin is the new future money of the REAL WORLD but you are just too blind to see it
It may well be, that doesn't explain why the price has gone from $10-$130 in a few months. That sort of growth is clearly speculative and therefore unsustainable and at some point there will be a correction. You can believe in the future of bitcoin without sticking your head in the sand, which unfortunately seems to be the standard response for many people here. If bitcoin is going to grow and be successful it will have to be based upon actual value and real growth, not simply speculation. speculation or not, the price shows real growth (its going higher = growth) you dont understand the word growth my friend people put their money, enforcing this growth |
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pumawolf
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April 03, 2013, 07:55:34 AM |
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how long does bubbles usually last outside of bitcoin, in wallstreet or what not.
No point looking outside of Bitcoin because the dynamics are different. But bubbles usually take many years to mature, and in most cases it's not seen as a bubble because real economic trade continues and masks the nature of the bubble. Bitcoin bubble is like 1000% in a few months, and no equivalent uptick in trade? How do you explain that one? You can't. it doesnt feel like btc is a bubble, it feels like this is the way money is suppose to be. and more and more people are agreeing this works. |
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wopwop
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April 03, 2013, 07:57:04 AM |
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how long does bubbles usually last outside of bitcoin, in wallstreet or what not.
No point looking outside of Bitcoin because the dynamics are different. But bubbles usually take many years to mature, and in most cases it's not seen as a bubble because real economic trade continues and masks the nature of the bubble. Bitcoin bubble is like 1000% in a few months, and no equivalent uptick in trade? How do you explain that one? You can't. it doesnt feel like btc is a bubble, it feels like this is the way money is suppose to be. and more and more people are agreeing this works. yes the price reflects the people using it in the real world (bitcoin = real world) it totally makes sense to most people here but bears seems to be just that, bears |
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Mosper
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April 03, 2013, 07:57:38 AM |
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Bitcoin is the new future money of the REAL WORLD but you are just too blind to see it
It may well be, that doesn't explain why the price has gone from $10-$130 in a few months. That sort of growth is clearly speculative and therefore unsustainable and at some point there will be a correction. You can believe in the future of bitcoin without sticking your head in the sand, which unfortunately seems to be the standard response for many people here. If bitcoin is going to grow and be successful it will have to be based upon actual value and real growth, not simply speculation. At least someone here knows what they're talking about. |
Me? I'm just the cynical voice floating in the sea of unchecked optimism.
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pumawolf
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April 03, 2013, 07:59:13 AM |
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147 now it only been like a hour since this post started
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