aztecminer
Legendary
 Offline
Activity: 1092
Merit: 1000
|
 |
February 13, 2015, 01:42:40 AM |
|
Where are all the predictions and YouTube videos for bitcoin going over $10,000?
How is that any more ridiculous than Apple having a market cap of $700 Billion? in order for one BTC to be worth $10,000, the market cap would only have to be $210B or less (depending on how many bitcoins have been mined when it happens), less than 1/3 of Apple Corp's current value. Well, when you buy some Apple stock, you become owner of a slice of a huge company, that makes 70'000 USD of profit every second, by manufacturing and selling more than 10 million high-quality computers and smatrphones per month, that people literally give a kidney for. Whereas, when you buy a bitcoin.... There is no rational reason why an Apple phone or computer is substantially more desirable than one of it's many competitors. It's simply a preference and preferences change. The desire to own bitcoins (which can be looked at as shares in the Bitcoin network) is also a preference. The demand for Apple products may go down, particularly if they fail to keep innovating at a pace and in a way their customers expect. The demand for bitcoins may go up if innovation in the space makes them more useful. $700B puts Apple stock at a ludicrous price/earnings ratio reminiscent of the Dotcom bubble before the 2000 crash. There may be no objective way to value bitcoin, but there are objective ways of valuing stocks and by most objective measures, Apple is way overpriced. all stocks are over-valued. the stock market is a giant bubble of easy QE money .. they are playing everyone keeping that bubble going until the 'big block of cheese day ' ........ |
|
|
|
|
|
|
|
|
|
|
|
"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
aztecminer
Legendary
Offline
Activity: 1092
Merit: 1000
|
|
February 13, 2015, 01:54:01 AM |
|
Where are all the predictions and YouTube videos for bitcoin going over $10,000?
How is that any more ridiculous than Apple having a market cap of $700 Billion? in order for one BTC to be worth $10,000, the market cap would only have to be $210B or less (depending on how many bitcoins have been mined when it happens), less than 1/3 of Apple Corp's current value. Well, when you buy some Apple stock, you become owner of a slice of a huge company, that makes 70'000 USD of profit every second, by manufacturing and selling more than 10 million high-quality computers and smatrphones per month, that people literally give a kidney for. Whereas, when you buy a bitcoin.... There is no rational reason why an Apple phone or computer is substantially more desirable than one of it's many competitors. It's simply a preference and preferences change. The desire to own bitcoins (which can be looked at as shares in the Bitcoin network) is also a preference. The demand for Apple products may go down, particularly if they fail to keep innovating at a pace and in a way their customers expect. The demand for bitcoins may go up if innovation in the space makes them more useful. There are plenty of rational reasons why an Apple computer or phone should be substantially more desirable than any of its competitors. And there is a serious barrier to Bitcoin going mainstream. And if you look at those cases one explains the other. are u sure ?? because the new apple ceo came out the closet and told us that apples are for jolly green giants and if i want one i would have to be sure to distinguish and ask for a straight iphone. ...forget it i will save myself the hassle and just buy an android .......... with bitcoin i don't have to consider if i am being prejudice against by jolly green giants since no one actually owns the protocol .. |
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
 |
February 13, 2015, 01:59:46 AM |
|
|
|
|
|
|
|
pjviitas
|
|
February 13, 2015, 02:05:58 AM |
|
Where are all the predictions and YouTube videos for bitcoin going over $10,000?
How is that any more ridiculous than Apple having a market cap of $700 Billion? in order for one BTC to be worth $10,000, the market cap would only have to be $210B or less (depending on how many bitcoins have been mined when it happens), less than 1/3 of Apple Corp's current value. Well, when you buy some Apple stock, you become owner of a slice of a huge company, that makes 70'000 USD of profit every second, by manufacturing and selling more than 10 million high-quality computers and smatrphones per month, that people literally give a kidney for. Whereas, when you buy a bitcoin.... There is no rational reason why an Apple phone or computer is substantially more desirable than one of it's many competitors. It's simply a preference and preferences change. The desire to own bitcoins (which can be looked at as shares in the Bitcoin network) is also a preference. The demand for Apple products may go down, particularly if they fail to keep innovating at a pace and in a way their customers expect. The demand for bitcoins may go up if innovation in the space makes them more useful. There are plenty of rational reasons why an Apple computer or phone should be substantially more desirable than any of its competitors. And there is a serious barrier to Bitcoin going mainstream. And if you look at those cases one explains the other. Name one single rational reason |
|
|
|
|
marcus_of_augustus
Legendary
Offline
Activity: 3920
Merit: 2348
Eadem mutata resurgo
|
|
February 13, 2015, 02:12:58 AM |
|
APPL is the shorting opportunity of a lifetime.
|
|
|
|
|
|
BusyBeaverHP
|
|
February 13, 2015, 02:37:39 AM |
|
Is it just me or did Huobi just flatline?
|
|
|
|
|
marcus_of_augustus
Legendary
Offline
Activity: 3920
Merit: 2348
Eadem mutata resurgo
|
|
February 13, 2015, 02:42:29 AM |
|
 buying bitcoins is logical, fiat is illogical. |
|
|
|
|
|
|
tarmi
Legendary
Offline
Activity: 1218
Merit: 1010
|
|
February 13, 2015, 02:53:31 AM |
|
|
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
February 13, 2015, 02:59:48 AM |
|
|
|
|
|
|
empowering
Legendary
Offline
Activity: 1078
Merit: 1441
|
|
February 13, 2015, 03:12:24 AM |
|
EU leans toward stricter regulation of crptocurrencies: "France calls for strong regulation of Bitcoin in EU counter-terrorist financing laws following Charlie Hebdo incident and an end to anonymous financial transactions" AML In Canada, Christine Duhaime, January 29th, 2015 http://www.antimoneylaunderinglaw.com/2015/01/france-eu-call-for-expedited-regulation-of-bitcoin-to-strengthen-counter-terrorist-financing-efforts-following-charlie-hebdo-incident-and-an-end-to-all-anonymous-financial-transactions-through-repor.htmlFrance’s view is that the EU needs to mobilize against, inter alia, virtual currencies. In order to do that, France is seeking to have the EU adopt a strict position on anonymous electronic money and the financial transactions carried out with electronic money. A strict stance means to prohibit anonymous digital financial transactions by requiring that they be transparent and not-anonymous. [ ... ]
France recommended amending legislation to stop terrorist financing by controlling anonymous payment instruments by strongly regulating virtual currencies and electronic money and requiring that there be reporting requirements for those transactions within the AML regime. It also recommended improving existing terrorist financing asset freezing laws. With Bitcoin, that is essentially impossible at this point, given its anonymous nature and impossibility of “freezing” a Bitcoin.
Tenuous. |
|
|
|
|
|
readysalted89
|
|
February 13, 2015, 03:15:44 AM |
|
Thanks, this thread is good for getting the most up to date news before it's available on the mainstream news websites. This story will be all over them in the next few days. Everyone will be wondering if they are lying about no missing funds to stop everyone withdrawing everything. |
|
|
|
|
shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
|
|
February 13, 2015, 03:18:22 AM
Last edit: February 13, 2015, 03:33:15 AM by shmadz |
|
Bitcoin was a little before it's time it seems.
Mass Adoption is a fairy tale. Don't believe the hype. Far too early, maybe 2 or 3 years we'll see.
Price is an illusion. Everything is fucked up right now. All currencies, commodities, are dropping in relation to USD, the "safe haven".
Still, when I started learning about this stuff it was under 2 bucks, now it's over 200...
Lots of room on either side, maybe up, maybe down.
Best of luck gentlemen.
|
|
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3013
Welt Am Draht
|
|
February 13, 2015, 03:21:51 AM |
|
So someone else gets to have a go at making up their figures. Should be fun. |
|
|
|
|
|
BusyBeaverHP
|
|
February 13, 2015, 03:32:26 AM |
|
The Chinese culture is all about saving face.
Understating inconveniences and outright lying is pretty regular in Chinese culture.
When they say their DNS is hacked, the more likely truth is that their exchange got hacked.
|
|
|
|
|
|
readysalted89
|
|
February 13, 2015, 03:32:56 AM
Last edit: February 13, 2015, 03:57:02 AM by readysalted89 |
|
Is it just me or did Huobi just flatline?
Yes, the last transactions were about two hours ago according to bitcoinity. That gives credibility to the hack story. They would not stop trading without a big reason.  Edit/ Trading has started again now. |
|
|
|
|
modrobert
Sr. Member
Offline
Activity: 355
Merit: 284
-"When the going gets weird, the weird turn pro."
|
|
February 13, 2015, 03:39:13 AM |
|
The front page of ripple.com, filled with testimonials from banksters and former traders of goldman sachs doesn't instill any confidence, more like a confirmation of legally lobbied fraud. |
|
|
|
|
shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
|
|
February 13, 2015, 03:47:22 AM |
|
The front page of ripple.com, filled with testimonials from banksters and former traders of goldman sachs doesn't instill any confidence, more like a confirmation of legally lobbied fraud. Fraud is rampant. Both in governmentally regulated and banking sector sanctioned fraud, and also in the unregulated fringe elements running bitcoin scams. The main difference is that with a public ledger fraud could be made transparent and ineffectual, whereas the current "legally sanctioned" fraud is unassailable under the current state. Interesting times... |
|
|
|
|
modrobert
Sr. Member
Offline
Activity: 355
Merit: 284
-"When the going gets weird, the weird turn pro."
|
|
February 13, 2015, 03:54:51 AM |
|
The front page of ripple.com, filled with testimonials from banksters and former traders of goldman sachs doesn't instill any confidence, more like a confirmation of legally lobbied fraud. Fraud is rampant. Both in governmentally regulated and banking sector sanctioned fraud, and also in the unregulated fringe elements running bitcoin scams. The main difference is that with a public ledger fraud could be made transparent and ineffectual, whereas the current "legally sanctioned" fraud is unassailable under the current state. Interesting times... Perhaps the "fringe elements" are government funded. |
|
|
|
|
|
HalFinneysBrain
|
|
February 13, 2015, 03:56:06 AM |
|
Bitcoin is up $2. Where are all the pictures of trains and rockets?
|
|
|
|
|
|
Poll
