Bitcoin Forum
December 15, 2024, 12:21:50 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: 2013-05-30 Edelman Editions: The growth of bitcoin is not surprising  (Read 715 times)
n8rwJeTt8TrrLKPa55eU (OP)
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500



View Profile
May 30, 2013, 05:01:25 PM
 #1

Overview article with mixed opinion.  Never heard of this website.

Quote
Edelman Editions is the UK’s digital publishing platform for the latest intelligence and Edelman thinking on the issues of the day. It brings together Edelman’s finest minds with a range of expert commentators.

Quote
For all my doom and gloom over the long-term success of bitcoin, I do believe that it has the potential to make some astounding short-term profits. This alternative monetary system taps right into the heart of distrust in the financial sector and despite the hurdles involved bitcoin will surely grow for the foreseeable future.

Unlike John I am not brave enough to have a £2k punt on something as volatile as this – imagine having to explain that I lost £2,000 on an intangible gamble, I would qualify for a career change – but I have got my £300 down. And most importantly, I am up.

http://edelmaneditions.com/2013/05/the-growth-of-bitcoin-is-not-surprising-it-is-an-obvious-reaction/
Birdy
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250



View Profile
May 30, 2013, 05:15:34 PM
 #2

Quote
Of course if the currency were to stabilise, bitcoin investors (who make a substantial proportion of those holding bitcoins) would lose interest and precipitate a crash in value. Those using it as a currency would have little choice but to return to more predictable currencies to place their trust in.

Investors could just invest their Bitcoins in e.g. shares and have it volatile again.
TraderTimm
Legendary
*
Offline Offline

Activity: 2408
Merit: 1121



View Profile
May 30, 2013, 09:40:37 PM
 #3

Quote
Of course if the currency were to stabilise, bitcoin investors (who make a substantial proportion of those holding bitcoins) would lose interest and precipitate a crash in value. Those using it as a currency would have little choice but to return to more predictable currencies to place their trust in.

Investors could just invest their Bitcoins in e.g. shares and have it volatile again.

So if its stable, the overwhelming boredom will cause it to crash? Are they insane? Return to 'predictable' currencies like every floating sovereign ducket on forex?

What a complete idiot this guy is.

fortitudinem multis - catenum regit omnia
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!