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Author Topic: Stampede anyone ?  (Read 292 times)
leemar
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April 09, 2013, 09:00:10 PM
 #1


http://www.businessinsider.com/why-bitcoin-speculators-laugh-at-anyone-who-calls-it-a-bubble-2013-4
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April 09, 2013, 09:31:52 PM
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Even if some of Henry's logic is pretty unsound, such as his qualifications of what makes a "good bet", I still agree with the underlying facts that 1. Bitcoin is nowhere near critical mass in terms of media exposure and 2. Bitcoin is based on extremely useful, solid principals, that make it globally appealing - principals that things like tulips do not have.  So even if it is a huge bubble, and I'm partially agreeing that it is, the bubble popping will be succeeded by more growth, perhaps even beyond the heights of aforementioned bubble.
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April 09, 2013, 09:34:11 PM
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Too bad bitcoins takes so damn long to confirm.
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April 09, 2013, 10:07:11 PM
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I think what is important about this is not so much about the number of people that read HB, but the money they can bet without even thinking about it.  The only problem I can see is the lead time (MtGox backlog) and security issues putting high net worth people off.
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