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Author Topic: Front page of the BBC!  (Read 1364 times)
MNDan
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March 03, 2017, 05:17:46 AM
 #1

http://www.bbc.com/news/business-39149475

So dumb, though - there are 15 million bitcoins and 5.8 billion ounces of gold. You do the math.

The upside of bitcoin is ridonkulous!
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March 03, 2017, 05:24:08 AM
 #2

http://www.bbc.com/news/business-39149475

So dumb, though - there are 15 million bitcoins and 5.8 billion ounces of gold. You do the math.

The upside of bitcoin is ridonkulous!

well to be accurate there is 16.1 million currently (since you can not exclude anything even if you think it is lost) and there will be 21 million.
but yeah i agree with what you said. and people will see this and want to get in when it is too late, we -the early adopters- are going to be laughing at them for wanting to join in and saying "i don't have 10,000 dollar to buy 1 whole bitcoin"

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March 03, 2017, 08:37:03 AM
 #3

http://www.bbc.com/news/business-39149475

So dumb, though - there are 15 million bitcoins and 5.8 billion ounces of gold. You do the math.

The upside of bitcoin is ridonkulous!

well to be accurate there is 16.1 million currently (since you can not exclude anything even if you think it is lost) and there will be 21 million.
but yeah i agree with what you said. and people will see this and want to get in when it is too late, we -the early adopters- are going to be laughing at them for wanting to join in and saying "i don't have 10,000 dollar to buy 1 whole bitcoin"

I hope other people will get in to bitcoin later so that we can accumulate more.

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March 03, 2017, 09:16:25 AM
 #4

There are about 5 million more bitcoins to be mined. The time in which they will be mined will be very long because of increasing difficulty and the block reward will become lower. I am not worried if many other people join bitcoin.

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March 03, 2017, 09:30:27 AM
 #5

There are about 5 million more bitcoins to be mined. The time in which they will be mined will be very long because of increasing difficulty and the block reward will become lower. I am not worried if many other people join bitcoin.
No one needs to worry if more and more people find their way to Bitcoin. Mainly because of the fact that the higher the price is, the lower the amounts are that people can afford.

At some point in the future we'll be in a situation where even 0.1BTC will be considered a large amount. Bitcoin definitely has the potential to at some point reach the $10,000 mark. It's just a matter of time.

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March 03, 2017, 09:36:45 AM
 #6

Bitcoin is still new while gold has existed on this planet for many years. You have to understand that this is the biggest chance for Bitcoin to prove that it is worth than gold. In about 8 years later, we will see the significant increasing in Bitcoin marketcap and no doubt that Bitcoin will defeat gold soon. I am very appreciate what the article writter has done with this news


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March 03, 2017, 10:30:16 AM
 #7

WE DID IT
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March 03, 2017, 10:58:31 AM
 #8

as i said before, price rise and the fact that bitcoin has been doing very well in the past years will bring a lot of good publicity to bitcoin and will eventually lead to news coverage like this.
and all these good news will lead to more adoption and more rises.

i am only glad because i could catch the train about 2 years ago and i have a very solid investment.

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March 03, 2017, 11:08:46 AM
 #9

This is great, that should bring us a bit more fuel for the greatest-rise-of-all. I wonder how high we will stop at. Now, with use being closer and closer to 1300$,  I have the feeling this can virtually go as high as a screen can show different numbers !
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March 03, 2017, 11:53:10 AM
 #10

http://www.bbc.com/news/business-39149475

So dumb, though - there are 15 million bitcoins and 5.8 billion ounces of gold. You do the math.

The upside of bitcoin is ridonkulous!

Nice to see it in the news, but your comparison is also "ridonkulous". Gold is a physical item and much harder to steal. There is also the remote possibility that a vulnerability might still appear in bitcoin, quantum computing or a 51% attack could potentially crash the price in the distant future. Gold may also have flaws but has industrial and commercial uses which drive the value.

CryptoItems.com - Your source for detailed information, specifications and photos on lots of crypto-collectibles.
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March 03, 2017, 02:34:39 PM
 #11

http://www.bbc.com/news/business-39149475

So dumb, though - there are 15 million bitcoins and 5.8 billion ounces of gold. You do the math.

The upside of bitcoin is ridonkulous!

You will most likely learn the hard way, that scarcity doesn't necessarily equate with value....

Otherwise, I smell the euphoria building. When Bitcoin starts to make the headlines, past experience shows us that a massive dump is pending.......



Prediction: Bitcoin to get up to around $1500 over the course of the next week, followed by a huge dump around the time of the Winkledouche ETF announcement. If it gets refused, then that will be cited as the reason for the dump. If it get's accepted, then 'buy the rumour, sell the news' will be cited as the reason for the dump. Whatever, the mainstream and social media will find a narrative to pin to the actual events. All of it painful to read or listen to misinformed waffle.
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March 03, 2017, 02:39:36 PM
 #12

I don't get the comparison either. It's really strange because the market cap of gold is sooooo much higher than bitcoins and way less volatile. It's a shitty comparison but I guess it's good so the dumb public can wrap their tiny minds around bitcoins. I love how everyone mainstream article has to give some weird little explanation of what bitcoins are still. Aren't we past that yet!? It's funny to see what they add in and what they omit. This one doesn't talk about satoshi but talks a very very small bit about mining and bitcoin addresses. It was really overly simplified though.
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March 03, 2017, 03:28:39 PM
 #13

Its nice to see Bitcoin on first pages of newspapers and news websites, and this time isn't for bad news its for its highest prices and surpased the onze of gold value. Hoping that these could atract new users.
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March 04, 2017, 12:53:44 AM
 #14

http://www.bbc.com/news/business-39149475

So dumb, though - there are 15 million bitcoins and 5.8 billion ounces of gold. You do the math.

The upside of bitcoin is ridonkulous!

well to be accurate there is 16.1 million currently (since you can not exclude anything even if you think it is lost) and there will be 21 million.
but yeah i agree with what you said. and people will see this and want to get in when it is too late, we -the early adopters- are going to be laughing at them for wanting to join in and saying "i don't have 10,000 dollar to buy 1 whole bitcoin"

The total supply of bitcoin will keep getting smaller and smaller.

I predict that by 2140 when the 21 million bitcoins are finally mined, like 5 million coins will have disappeared already.

Just consider all the situations where the coins can disappear:

1) Someone die and nobody gets his coins
2) Someone forgets their password
3) Someone loses their storage device/paper wallet
4) Storage device dies

...


soo many ways that the coins can be lost.
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March 04, 2017, 01:32:57 AM
 #15

Hope Peter Schiff read this news. Im sure he'll gonna pissed! He's a troll and hates bitcoin(as we expect to a Gold fanboy). Now we surpass the gold's price. Thats really a milestone to bitcoin. I can't believe this is happening to bitcoin. This year is clearly for bitcoin as bitcoin breaks it ATH, sets a new ATH and surpass the Gold's price.
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March 04, 2017, 02:43:20 AM
 #16

Here we go again. The mainstream media dipping their nose in Bitcoin. They love it now because the price is still going up and they will hype it like they did the first time. The next thing you know when it is being dumped the same mainstream media news sites and companies will say how Bitcoin is bad and all other lies just to sensationalize the news.

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March 04, 2017, 03:47:29 AM
 #17

Direct comparison between gold and bitcoin is kinda pointless. We are using 1 ounce to show that Bitcoin reached gold parity.
It's stupid and inaccurate. How about other standards and denominations like Gram and Kilo?
I am glad that bitcoin found itself on the front page of the BBC. There is nothing better than free advertisement.
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March 04, 2017, 04:00:30 AM
 #18

http://www.bbc.com/news/business-39149475

So dumb, though - there are 15 million bitcoins and 5.8 billion ounces of gold. You do the math.

The upside of bitcoin is ridonkulous!

Nice to see it in the news, but your comparison is also "ridonkulous". Gold is a physical item and much harder to steal. There is also the remote possibility that a vulnerability might still appear in bitcoin, quantum computing or a 51% attack could potentially crash the price in the distant future. Gold may also have flaws but has industrial and commercial uses which drive the value.
LOL, gold isn't hard to steal!  I had a gold locket stolen from me right out of my bedroom.  The thief picked the lock and walked right out with it.  And anyone who can steal a cell phone can steal bitcoin--or a computer for that matter.

That's neither here nor there, though.  I don't get the constant comparison of gold to bitcoin.  They are two different things altogether, though they're both assets/investments.  You can't wear a bitcoin around your neck.

Glad to see BTC getting some press, though this is looking a lot like 2013...

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March 04, 2017, 07:03:18 AM
 #19

people will see this and want to get in when it is too late, we -the early adopters- are going to be laughing at them for wanting to join in and saying "i don't have 10,000 dollar to buy 1 whole bitcoin"
But this is how a financial instrument will work. A company will give percentage of total shares for free to their employees in beginning days. Later, people need hundreds of buck to buy just one share. Early adoption matters, those who realize that fact will become billionaire. But in bitcoin ecosystem, I am expecting smaller unit like satoshi to come into practice or at least in exchanges just to encourage small investors.

soo many ways that the coins can be lost.
You forget about the people who burnt their bitcoins intentionally.
We cannot ignore gold also has similar types of reasons to be lost against its limited supply. But gold failed to match the world wide transfer capability. That only reason will take bitcoins into moon compared to gold.
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March 04, 2017, 07:09:30 AM
 #20

Woah, what's with BBC? Comparing gold to bitcoin? Well they are using their power to make the people interested with bitcoin and they are making some introduction. I don't know but they are making people to be attracted to get into bitcoins. Seems someone paid them to introduce bitcoin and make some advertisement.

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