dsp (OP)
Newbie
Offline
Activity: 52
Merit: 0
|
|
July 02, 2011, 02:08:27 PM Last edit: August 04, 2011, 09:29:12 AM by dsp |
|
~
|
|
|
|
|
|
|
|
|
If you see garbage posts (off-topic, trolling, spam, no point, etc.), use the "report to moderator" links. All reports are investigated, though you will rarely be contacted about your reports.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
mystery2048
Member
Offline
Activity: 70
Merit: 10
|
|
July 02, 2011, 02:22:26 PM |
|
I think BitCoin is a very promising investment, but at the end of the day it all depends on the community surrounding it, the merchants, exchanges, and the whole package... I wouldnt expect the price to balloon that high, although anything is possible, but I would invest (and suggest other people do) as long as the community remains trustworthy, competant, cohesive and honourable... When you use BitCoins, your not just using small pieces of electronic data, your using the faith of an entire community so that the value stays within each and every BitCoin...
|
|
|
|
jakey02
Newbie
Offline
Activity: 11
Merit: 0
|
|
July 02, 2011, 02:24:41 PM |
|
Good read man
|
|
|
|
bitfreak!
Legendary
Offline
Activity: 1536
Merit: 1000
electronic [r]evolution
|
|
July 02, 2011, 02:28:22 PM |
|
Welcome to the forum of the Bitcoin. You get it my friend. Well done.
|
XCN: CYsvPpb2YuyAib5ay9GJXU8j3nwohbttTz | BTC: 18MWPVJA9mFLPFT3zht5twuNQmZBDzHoWF Cryptonite - 1st mini-blockchain altcoin | BitShop - digital shop script Web Developer - PHP, SQL, JS, AJAX, JSON, XML, RSS, HTML, CSS
|
|
|
Electronic Chaos
Newbie
Offline
Activity: 9
Merit: 0
|
|
July 02, 2011, 02:35:19 PM |
|
If you could hold an actual bit coin it would prove to be far more shiny, dense and durable than gold. Ergo more valuable than gold.
"What is real? How do you define real? If you're talking about what you can feel, what you can smell, what you can taste and see, then real is simply electrical signals interpreted by your brain."
Over the long term this will prove to be true, and considering a parity with gold would push the value of one bit coin to 2.5M. This does not even take in to account any other features and benefits of bitcoin.
Like anything new many will come to discredit it. But the real consideration is to look at other digital goods and their success. Software Music and Movies are some what related to bit coin in an inverse way as they are also digital but infinity copyable. Bit coin will be the ultimate reference point for all things of value. Its kinda ironic that the first generation of p2p software did so much harm to these goods and the second generation will benefit them.
"Give me a place to stand on, and I will move the Earth."
Cryptographically speaking bit coin is not only a moving target but is also has a variable speed. This fact causes it to also be a fixed point at the same time.
Finally the "what if there is no internet" argument can be summed up as, if you believe this is possible then your better off buying lead.
...I'll have what you're having.
|
|
|
|
HappyDude
Newbie
Offline
Activity: 2
Merit: 0
|
|
July 02, 2011, 04:22:19 PM |
|
I just want prices to be stable - at any price. It wont be useful for payments until then.
|
|
|
|
ragamor
Newbie
Offline
Activity: 8
Merit: 0
|
|
July 02, 2011, 09:57:11 PM |
|
I just want prices to be stable - at any price. It wont be useful for payments until then.
So long there is no huge changes happening to Bitcoin over 7 days then I think it will be all fine, people are more flexible then they give them self credit for.
|
|
|
|
dustintrammell
VIP
Full Member
Offline
Activity: 156
Merit: 103
Cleverly disguised as a responsible adult.
|
|
July 03, 2011, 05:50:46 AM |
|
I just want prices to be stable - at any price. It wont be useful for payments until then.
Stability is relative. What are you relating Bitcoins to? The price of oil in USD fluctuates constantly. The price of gold in USD fluctuates constantly. The price of oil in gold fluctuates constantly. The price of oil and gold in EUR fluctuates constantly. The price of wheat in GBP fluctuates constantly. ...etc... Hell, even the USD has fluctuated against itself over time: What do you need stability for again? (:
|
Dustin D. Trammell Twitter: @druidian PGP: E0DC F55C 9386 1691 A67F FB18 F6D9 5E52 FDA6 6E16
|
|
|
piramida
Legendary
Offline
Activity: 1176
Merit: 1010
Borsche
|
|
July 03, 2011, 07:40:58 AM |
|
As long as the bitcoin user base can grow two-fold overnight (and it can and it would) the price could jump up or down two-fold overnight, as well. You need to understand two things - a. prices inevitably will be jumping around until it is a widespread currency and b. no matter how much they jump around, they are coming up and they are coming to a stability point in a year or two maximum.
Any business accepting bitcoins now can simply integrate volatility into their prices, for example set your prices as if bitcoin is worth $10 now and don't worry about re-adjusting them every day.
|
i am satoshi
|
|
|
Crystal Excursion
Member
Offline
Activity: 98
Merit: 10
I'm Crazy about Bitcoin, trading Quartz for BTC
|
|
July 03, 2011, 07:57:23 AM |
|
Welcome dsp
|
Hey.. Skype Me.. Beffjaker see my website, PM if Interested, Thanks !
|
|
|
|