Critical mass may have been hit, the sky is the limit

[kokojie]

The difference between past bubbles and this one, is that critical mass may have been hit for Bitcoin to go viral, if this is true, then this bubble truly has no limits, everyone will be panic buying, and the busboy at your favorite restaurant will be soon talking about investing in the "magic internet money" known as Bitcoin.

[Sage]

How do you come to this conclusion?

Nope... we are far from critical mass.  More technology has to be in place for that tipping point to be reached.

[billington.mark]

I just don't know any more... This is f-ing crazy

[Crazy]

Just don't cry when you see a 50%+ move to the downside. It's like from one bubble to the next everyone catches amnesia.

[MoreFun]

Yea probably the critical mass was hit last saturday when i told my girlfriend that I am into Bitcoin.

[the_sunship]

now I know why they call bitcoin the honeybadger of currency

for the few who haven't seen it

http://www.youtube.com/watch?v=4r7wHMg5Yjg

[kokojie]

How do you come to this conclusion?

Nope... we are far from critical mass.  More technology has to be in place for that tipping point to be reached.

What technologies were needed for the Tulip mania to come about? technology is not important, we have a revolutionary product, much like the web. When the dotcom bubble happened, the technology were much poorer than today.

I'd say such a bubble can only happen in early stage of development, because of the mystery surrounding it and not many people can truly understand it. But not so early that only a few thousand people knew about it.

[Idaho]

You mean we are at the "new paradigm" stage?

[DeathAndTaxes]

I'd say such a bubble can only happen in early stage of development, because of the mystery surrounding it and not many people can truly understand it. But not so early that only a few thousand people knew about it.

So in 2009 was housing not in a bubble or was the concept of housing in the early stage of development with only a few thousand people aware of the "new technology" of using walls and a roof to protect humans from the elements?

Sorry man but outside of the standard daily trolls, that has to be the silliest thing I heard today.

[Sage]

How do you come to this conclusion?

Nope... we are far from critical mass.  More technology has to be in place for that tipping point to be reached.

What technologies were needed for the Tulip mania to come about? technology is not important, we have a revolutionary product, much like the web. When the dotcom bubble happened, the technology were much poorer than today.

I'd say such a bubble can only happen in early stage of development, because of the mystery surrounding it and not many people can truly understand it. But not so early that only a few thousand people knew about it.

You've gotta put yourself in the heads of the average Walmart shopper.  Try to get them to use Bitcoin... are you kidding me?  Not with current technology.  It's only a matter of time before they lose their coins.

Not until the technology is in place for the average Walmart shopper to use it effortlessly will Bitcoin hit mass adoption.

We are far from it.... which means if you're not stupid enough to buy in the middle of bubble cycles (like now), and buy on the dips only, you'll make out like a bandit for years to come.

[the_sunship]

i think of this more like gold rather than currency (has attributes of both). Currency can be printed indefinitely, but this has limited supply.

bitcoin seems to be a hybrid of technology IPO, Gold, and Currency. It's unique and it's highly in demand because people are recognizing that it's a revolutionary idea. 

[Mageant]

I don't see any mass use yet.

A lot of people know about Bitcoin now but are not investing.

[MAbtc]

Critical mass? Viral? Nah, we got a long time to wait for that. This is a speculative frenzy. And it's fucking great. I don't care for new paradigm talk, though.

[Syke]

You've gotta put yourself in the heads of the average Walmart shopper.  Try to get them to use Bitcoin... are you kidding me?  Not with current technology.

Have you seen the self checkout isles? Those are far harder to use than a smartphone bitcoin wallet.

[notthematrix]

How do you come to this conclusion?

Nope... we are far from critical mass.  More technology has to be in place for that tipping point to be reached.

Wat tech need to be in place?
a wallet on a computer?
a wallet on a smartphone?
a bitcoin bank machine ?
a easy bitcoin vendor system?
Its all in place.
The local family "nerd" can run the wallet for the indian/african/arabic/chineese family
A nice linux distro will do perfectly as wallet server.

[Birdy]

Maybe the ciritical mass on Gox?
Take a look at the trend of the yellow line.

http://blockchained.com/depth_mtgox.png

[MAbtc]

You've gotta put yourself in the heads of the average Walmart shopper.  Try to get them to use Bitcoin... are you kidding me?  Not with current technology.

Have you seen the self checkout isles? Those are far harder to use than a smartphone bitcoin wallet.

What? Really? Self-checkout is incredibly easy. People can wrap their heads around that a billion times easier than bitcoin. More importantly, UI for virtually all bitcoin apps leaves VERY VERY much to be desired for the average user.

[notthematrix]

How do you come to this conclusion?

Nope... we are far from critical mass.  More technology has to be in place for that tipping point to be reached.

What technologies were needed for the Tulip mania to come about? technology is not important, we have a revolutionary product, much like the web. When the dotcom bubble happened, the technology were much poorer than today.

I'd say such a bubble can only happen in early stage of development, because of the mystery surrounding it and not many people can truly understand it. But not so early that only a few thousand people knew about it.

You've gotta put yourself in the heads of the average Walmart shopper.  Try to get them to use Bitcoin... are you kidding me?  Not with current technology.  It's only a matter of time before they lose their coins.

Not until the technology is in place for the average Walmart shopper to use it effortlessly will Bitcoin hit mass adoption.

We are far from it.... which means if you're not stupid enough to buy in the middle of bubble cycles (like now), and buy on the dips only, you'll make out like a bandit for years to come.

http://bitcoinsafety.com/

well Maby theese are not teh first to step in , but what about a ritch indian family who knows the dollar had its lngest time...
and yes if you put only a little amount in your phone wallet notting is wrong
you can loose your normal wallet too.

[mvidetto]

You mean we are at the "new paradigm" stage?

I would argue for delusion here, I mean come on... lol

[BitchicksHusband]

Just don't cry when you see a 50%+ move to the downside. It's like from one bubble to the next everyone catches amnesia.

Back to $200 coins like...12 days ago?  Oh no.  I'm so scared.  SELL SELL SELL.