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Author Topic: What are you guys down about? The future of Bitcoin never looked so bright!  (Read 2962 times)
Frozenlock
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April 11, 2013, 10:29:15 PM
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I remember in 2011 when Bitcoin first hit the media, it was always discarded as a toy. Or as tool for criminals. Or as something that couldn't last.

And yet here we are, with OANDA showing a BTC converter http://www.oanda.com/currency/converter/.

With Bloomberg actively defending Bitcoin:

Bitcoin Boom: Is This the New Safe Haven?
https://www.youtube.com/watch?v=CdVVECKKSXo

Bitcoin Currency: Has the Bubble Popped?
https://www.youtube.com/watch?v=6SLPy89gPE0

The Bitcoin Debate: Economics vs. Virtual Reality
https://www.youtube.com/watch?v=b0Sc8jpiv3Q


Oh, and think of the rich guys making us free publicity:
http://www.theverge.com/2013/4/11/4213956/whats-cooler-than-a-million-dollars-winklevoss-twins-own-1-percent-of

And this is without the recent Reddit/Wordpress/Mega announcement.

You can think what you want, but this is IMO the point of no return.
Now I can talk of Bitcoin with my family without looking like a weirdo!  Grin
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April 11, 2013, 10:35:05 PM
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Yeah, this is about the third bubble I've seen. It doesn't mean Bitcoin is doomed. It'll be back, and each time, it comes back higher. (Although I agree with many who say a little more stability in the exchange rate would be good for taking it seriously as a currency for use in trade.)
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April 11, 2013, 10:39:28 PM
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Yeah, this is about the third bubble I've seen. It doesn't mean Bitcoin is doomed. It'll be back, and each time, it comes back higher. (Although I agree with many who say a little more stability in the exchange rate would be good for taking it seriously as a currency for use in trade.)
If Bitcoin gets air time then it will slowly correct itself. It is still in price-searching mode. We simply don't know what its true value is as nothing like it has appeared before. There's nothing to worry. If it can survive "bubble" after bubble, it means that it does have a good future.

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April 11, 2013, 10:46:14 PM
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Yeah, this is about the third bubble I've seen. It doesn't mean Bitcoin is doomed. It'll be back, and each time, it comes back higher. (Although I agree with many who say a little more stability in the exchange rate would be good for taking it seriously as a currency for use in trade.)
If Bitcoin gets air time then it will slowly correct itself. It is still in price-searching mode. We simply don't know what its true value is as nothing like it has appeared before. There's nothing to worry. If it can survive "bubble" after bubble, it means that it does have a good future.

They mentioned the crash on CNBC not to long ago.

I never thought my life could be. Anything but catastrophe. But suddenly I begin to see. A "BIT" of good luck for me. Cause I've got a golden ticket!
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April 12, 2013, 02:25:53 AM
 #5

You can think what you want, but this is IMO the point of no return. 

I'll agree there.  Still having roughly a $1 billion total dollar valuation (TDV) after "the crash" says something. 

Even with many merchants essentially having been frozen, unable to determine price, the number of transactions occurring for the day barely dipped. 

And BitPay never stopped processing transactions, just that the exchange rate varied wildly minute to minute:
 - https://bitpay.com/bitcoin-exchange-rates

And every day there are more merchants coming onboard.

I just read about BitFetch, which pulls torrent files for you so you can download them without a torrent client (after paying BitFetch to grab the file for you).  Services like that would not exist without Bitcoin.  Those businesses alone are enough to justify a $1 billion total dollar valuation (TDV) for all bitcoins.
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April 12, 2013, 02:29:24 AM
 #6

I don't see bitcoin on that site. Must've removed it due to the crash.

BTC:1AiCRMxgf1ptVQwx6hDuKMu4f7F27QmJC2
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April 12, 2013, 02:35:05 AM
 #7

I watched Bloomberg throughout the day today. I saw no fewer than six bitcoin segments.
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April 12, 2013, 02:36:24 AM
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Yeah, don't see any Bitcoins on OANDA...
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April 12, 2013, 02:37:27 AM
 #9

If Bitcoin survives this (and it will, believe me,) then it's definitely going to be here forever.

And I'll say that again when it crashes again from $1000 to $300 Tongue

Frozenlock
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April 12, 2013, 02:42:42 AM
 #10

Yeah, don't see any Bitcoins on OANDA...

Instead of USD, go in "B" for Bitcoin  Wink

Edit:

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April 12, 2013, 03:16:48 AM
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Turns out at least OANDA is using the unofficial BTC currency designation.....
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April 12, 2013, 03:20:46 AM
 #12

Yeah, don't see any Bitcoins on OANDA...

Instead of USD, go in "B" for Bitcoin  Wink

Edit:


Tried it, not there for me.

BTC:1AiCRMxgf1ptVQwx6hDuKMu4f7F27QmJC2
Frozenlock
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April 12, 2013, 03:22:28 AM
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I'll take a wild guess here... stop using internet Explorer!
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April 12, 2013, 12:08:46 PM
 #14

I'll take a wild guess here... stop using internet Explorer!
LOL. Been using Chrome for a few years.

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April 12, 2013, 12:20:57 PM
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It really is not there, not with Opera, not with FF, its gone =/
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April 12, 2013, 01:17:05 PM
 #16

I will have to agree that the recent volatility is good for Bitcoin as a currency.  People get curious.  Press reports on our activity.  That all brings a great deal of scrutiny.  If the currency withstands ups and downs, that proves its resiliency and credibility.

As with any currency, its all about trust and confidence.  The more it is poked, prodded, bloated, pruned, etc. the better it is for its long term health as a currency.  This activity will also help other virtual or crypto currencies.

If one is wise, then one will take in the long view.
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April 13, 2013, 02:54:36 AM
 #17

They spent about 5min today on CNBC talking about BTC. 2 days in a row it gets mentioned yesterday was obviously about the crash but only spent 5sec on that.

I never thought my life could be. Anything but catastrophe. But suddenly I begin to see. A "BIT" of good luck for me. Cause I've got a golden ticket!
CasinoBit
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April 13, 2013, 10:52:24 AM
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People try their best to blame bitcoin for the bubble somehow.
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April 13, 2013, 10:53:32 AM
 #19

+1
 Smiley Smiley Smiley
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April 13, 2013, 12:20:17 PM
 #20

I remember in 2011 when Bitcoin first hit the media, it was always discarded as a toy. Or as tool for criminals. Or as something that couldn't last.

And yet here we are, with OANDA showing a BTC converter http://www.oanda.com/currency/converter/.

With Bloomberg actively defending Bitcoin:

Bitcoin Boom: Is This the New Safe Haven?
https://www.youtube.com/watch?v=CdVVECKKSXo

Bitcoin Currency: Has the Bubble Popped?
https://www.youtube.com/watch?v=6SLPy89gPE0

The Bitcoin Debate: Economics vs. Virtual Reality
https://www.youtube.com/watch?v=b0Sc8jpiv3Q


Oh, and think of the rich guys making us free publicity:
http://www.theverge.com/2013/4/11/4213956/whats-cooler-than-a-million-dollars-winklevoss-twins-own-1-percent-of
And this is without the recent Reddit/Wordpress/Mega announcement.

You can think what you want, but this is IMO the point of no return.
Now I can talk of Bitcoin with my family without looking like a weirdo!  Grin


That's exactly right. since $.70 i have been telling people about bitcoin and that they should take a look at it. They all took absolutely no notice of what I had to say. lol they all went and bought bitcoins at around $200.
even though it has fallen they will only lose if they sell their bitcoins for less. Bitcoin is in the public eye now and it should start to grow at a steady rate as new tech comes in to make it easier to use.
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