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Author Topic: "Fear grows that the bitcoin boom could crash" - The Seattle Times  (Read 2613 times)
Rallye
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April 08, 2013, 05:36:30 AM
 #1

My grandmother just handed me the newspaper and told me to take a look at this:

http://seattletimes.com/html/businesstechnology/2020727526_bitcoinbubblexml.html

Looks pretty biased, but I'll be honest I didn't even finish reading.  Thoughts?
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April 08, 2013, 05:40:03 AM
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The question is not "Could", the question is "When".
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April 08, 2013, 05:40:12 AM
 #3

Everyone is in doubt, cautious, full of fear=no over-exuberance=probably no crash yet.

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April 08, 2013, 05:42:06 AM
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It is weird, why that newspaper didn't suggest your grandmother to invest in bitcoin when it was 5$ but today they have the arrogance to speak about fear and crash?  Roll Eyes
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April 08, 2013, 05:43:09 AM
 #5

My grandmother just handed me the newspaper and told me to take a look at this:

http://seattletimes.com/html/businesstechnology/2020727526_bitcoinbubblexml.html

Looks pretty biased, but I'll be honest I didn't even finish reading.  Thoughts?


Classic FUD headline.

But the fact your grandmother gave you the info shows how far bitcoins have come in the last few months  Wink
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April 08, 2013, 05:48:28 AM
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But the fact your grandmother gave you the info shows how far bitcoins have come in the last few months  Wink
Because he told her about it and she saw it in the paper. Not like she saw it and randomly said hey sonny boy, look at this. Hehe
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April 08, 2013, 05:52:09 AM
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But the fact your grandmother gave you the info shows how far bitcoins have come in the last few months  Wink
Because he told her about it and she saw it in the paper. Not like she saw it and randomly said hey sonny boy, look at this. Hehe

Proves she was listening though  Grin
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April 08, 2013, 05:54:22 AM
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I'd listen too if my grandson/daughter was risking X amount of money on some weird gobbledegook fancysmancy newfangled internet money.
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April 08, 2013, 06:14:15 AM
 #9

The other day I told my Grandmother a package arrived for her. She said, "terrific, that must be my Silk Road order," and quietly shuffled to her room.
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Sometimes - history needs a push.


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April 08, 2013, 06:28:31 AM
 #10

The other day I told my Grandmother a package arrived for her. She said, "terrific, that must be my Silk Road order," and quietly shuffled to her room.

Grandmas about to relive her 60s days.

"To know your Enemy, you must become your Enemy." -Sun Tzu
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April 08, 2013, 06:55:58 AM
 #11

The other day I told my Grandmother a package arrived for her. She said, "terrific, that must be my Silk Road order," and quietly shuffled to her room.

i LOLed here.  Cheesy

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April 08, 2013, 07:09:37 AM
 #12

My grandmother just handed me the newspaper and told me to take a look at this:
http://seattletimes.com/html/businesstechnology/2020727526_bitcoinbubblexml.html
Looks pretty biased, but I'll be honest I didn't even finish reading.  Thoughts?

The article is not as bad as the headline suggests. It is a typical "The story of the mysterious, lucrative, and perhaps illegal currency called Bitcoin" article.

Buy bitcoins with cash from somebody near you: LocalBitcoins
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XXthetimeisnowXX
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April 08, 2013, 08:14:08 AM
 #13

It is weird, why that newspaper didn't suggest your grandmother to invest in bitcoin when it was 5$ but today they have the arrogance to speak about fear and crash?  Roll Eyes

agreed! its at 5 bucks .... under the radar.....when its maken money lets dis the shit out of it!

media ran by government entitys will not like bitcoins one bit. they will spread fear and hate and speculate negatively and say its all a scam seam or give half truths, leave out important facts/info or outright lie!

in the end it will scare the general population that just sits and reads the news and lives in fear and they wont buy. intelligent people will do there research, find out its an amazing tool, and make a good deal of money.
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April 08, 2013, 08:19:45 AM
 #14

Look at my calculations and tell me if i did something wrong.

There will be 21 millions bitcoins.
There is around 6 billion people in the world currently.
That means for every human there is 0.0035 bitcoin if we would like to share it equally.
Now we can assume, we are going to value it $1 for a start. That gives bitcoin minimum value of $285 per bitcoin (1/0.0035).
But if we would measure everyones average worth in bitcoins that would be much much higher. So from my calculations bitcoin is still underpriced.

Ofcourse not everybody ever will have theyr bitcoin but there are people who already holds alot of them. 1 000 of bitcoins = 285 000 people who could have their 0.0035 bitcoin.
I am not trying to calculate real bitcoin price because its almost impossible and i didnt factored other things we can do with bitcoin like transfer money etc. But you see how mych bitcoin could be worth (or is worth already).

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April 08, 2013, 08:56:16 AM
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It is weird, why that newspaper didn't suggest your grandmother to invest in bitcoin when it was 5$ but today they have the arrogance to speak about fear and crash?  Roll Eyes

Good one!
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April 08, 2013, 09:01:39 AM
 #16

It's obvious that we can't maintain the speed we're going at the moment. Sooner or later we're going to head back down, but I really don't see it being a harsh drop like everyone is making it out to be.

It's anyone's guess though. Lets just hope people decide to stick on board, and realise that Bitcoin has much more potential than $200, or even $500. It's worth holding onto Smiley
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April 08, 2013, 09:02:30 AM
 #17

Those bovine douchbags are just bitter that they didn't get onboard back in 2011.

Bitcoin won't have any major correction until the legislature starts making noises .

Pies
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April 08, 2013, 09:19:11 AM
 #18

The other day I told my Grandmother a package arrived for her. She said, "terrific, that must be my Silk Road order," and quietly shuffled to her room.

I heard that hot exhaust from a 5970 is good for the arthritis.

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April 08, 2013, 10:04:51 AM
 #19

Those bovine douchbags are just bitter that they didn't get onboard back in 2011.

Bitcoin won't have any major correction until the legislature starts making noises .

+1
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April 08, 2013, 12:56:47 PM
 #20

Those bovine douchbags are just bitter that they didn't get onboard back in 2011.

Bitcoin won't have any major correction until the legislature starts making noises .
+1
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