Wut do?

[Shining Path]

Wut do?

[stompix]

Poor cat!

[laowai80]

Fiat is still used to buy things, so no wonder people have faith in it. It would take dramatic changes like what happened recently in Zimbabwe for people to completely lose faith in fiat, and even then some of them would still cling to it, in hopes that somehow things can return to normal.

[stompix]

Fiat is still used to buy things, so no wonder people have faith in it. It would take dramatic changes like what happened recently in Zimbabwe for people to completely lose faith in fiat, and even then some of them would still cling to it, in hopes that somehow things can return to normal.

Fiat is still used to buy bitcoins in the first place!!!!
Without people using fiat , u got no bitcoin users.

[JekyllIsland]

Fiat is still used to buy things, so no wonder people have faith in it. It would take dramatic changes like what happened recently in Zimbabwe for people to completely lose faith in fiat, and even then some of them would still cling to it, in hopes that somehow things can return to normal.

Fiat is still used to buy bitcoins in the first place!!!!
Without people using fiat , u got no bitcoin users.

People are buying bitcoins with houses and cars. Don't forget some subways also accept satoshis. Fiat may be relevant now, but bitcoin will be much easier to spend in 2-3 years.

[Hyena]

I get this asked a lot: "So you can cash out whenever you want?".. So I asked the guy who asked me this "What would you do if you had a lot of money? What would you do with it?" and guess what he answered - "I'd put it in a bank to earn interest on it."

So this is our common intelligence out there. I would have never thought that regular Joes are so stupid that they would hold their fiat in a bank as an investment or something

But about the topic - it would be interesting to see a growth chart of pretty much everything on it. I'd like to see how gigantic is bitcoin compared to every other asset and what not out there.

[stompix]

Fiat is still used to buy things, so no wonder people have faith in it. It would take dramatic changes like what happened recently in Zimbabwe for people to completely lose faith in fiat, and even then some of them would still cling to it, in hopes that somehow things can return to normal.

Fiat is still used to buy bitcoins in the first place!!!!
Without people using fiat , u got no bitcoin users.

People are buying bitcoins with houses and cars. Don't forget some subways also accept satoshis. Fiat may be relevant now, but bitcoin will be much easier to spend in 2-3 years.

Can you please elaborate that satoshi part?
Cause it sounded like satoshis are a different currency than bitcoins.

[wachtwoord]

I would have never thought that regular Joes are so stupid that they would hold their fiat in a bank as an investment or something

No? This is what I was thought as a child. You wouldn't believe what portion of the people in my country who think all the stock market is is a casino.

[Equus]

People are buying bitcoins with houses and cars.

The fact that this is true scares me a little.  Don't invest more than you can afford to tell your wife you lost.

[stompix]

I would have never thought that regular Joes are so stupid that they would hold their fiat in a bank as an investment or something

No? This is what I was thought as a child. You wouldn't believe what portion of the people in my country who think all the stock market is is a casino.

Well , isn't it?

[wachtwoord]

I would have never thought that regular Joes are so stupid that they would hold their fiat in a bank as an investment or something

No? This is what I was thought as a child. You wouldn't believe what portion of the people in my country who think all the stock market is is a casino.

Well , isn't it?

Of course not. If you properly value companies, only buy at the right price and hold long term. I wish I was taught this stuff in school instead of having to find it out myself at age 24.

[antimattercrusader]

Fiat is still used to buy things, so no wonder people have faith in it. It would take dramatic changes like what happened recently in Zimbabwe for people to completely lose faith in fiat, and even then some of them would still cling to it, in hopes that somehow things can return to normal.

Fiat is still used to buy bitcoins in the first place!!!!
Without people using fiat , u got no bitcoin users.

I must disagree. I do not buy bitcoin with fiat (anymore), I mine, and work (sell products and services) for bitcoin. Most of which I create, or purchase components of with bitcoin. COingig and bitmit, as well as the market here, are all excellent means of doing this.

I realize most investments at this time comes in the form of fiat and that is what holds the price of bitcoin relative to fiat, but bitcoin's value could also be measured with a purchasing power index without regard to fiat. Bitcoin and fiat relation is a convenient way to judge value with respect to what we are familiar - but it is not a required matrix.

[Bitbuy]

I get this asked a lot: "So you can cash out whenever you want?".. So I asked the guy who asked me this "What would you do if you had a lot of money? What would you do with it?" and guess what he answered - "I'd put it in a bank to earn interest on it."

So this is our common intelligence out there. I would have never thought that regular Joes are so stupid that they would hold their fiat in a bank as an investment or something

But about the topic - it would be interesting to see a growth chart of pretty much everything on it. I'd like to see how gigantic is bitcoin compared to every other asset and what not out there.

Again Hyena; A lot of things you post sound like things I can REALLY agree with 

But on-topic: I think it's the magnitude of Bitcoin that also scares away new adopters. I had a friend email me today: "Dude; you're into this Bitcoin thing, ain't you? If I would have known; I would have bought some as well...But now it's too late, opportunity is over" And then I start explaining that in reality, it's quite the contrary....

[David Rabahy]

But about the topic - it would be interesting to see a growth chart of pretty much everything on it. I'd like to see how gigantic is bitcoin compared to every other asset and what not out there.

http://coinometrics.com/

[notme]

People are buying bitcoins with houses and cars.

The fact that this is true scares me a little.  Don't invest more than you can afford to tell your wife you lost.

And if you have no wife?

[antimattercrusader]

People are buying bitcoins with houses and cars.

The fact that this is true scares me a little.  Don't invest more than you can afford to tell your wife you lost.

And if you have no wife?

The financial world will be your oyster lmao!

[wachtwoord]

People are buying bitcoins with houses and cars.

The fact that this is true scares me a little.  Don't invest more than you can afford to tell your wife you lost.

And if you have no wife?

ALL IN!

[laowai80]

I had a friend email me today: "Dude; you're into this Bitcoin thing, ain't you? If I would have known; I would have bought some as well...But now it's too late, opportunity is over" And then I start explaining that in reality, it's quite the contrary....

And he'll probably wait and wait to buy, thinking it's too late, and then, when bitcoin hits 4-5 digit numbers, he'll finally buy at the top and bitcoin corrects the next day, and all the hate will be directed at you. So be careful suggesting to your friends to invest in something, even if it's something cool as bitcoin.

[Bitbuy]

wise words...I had friends who asked me "I'll give you money, you buy Bitcoin with it and come back to me with profit"

First off; it's not only about "profit" and second of all; I ain't touching that hot potato..

[Equus]

People are buying bitcoins with houses and cars.

The fact that this is true scares me a little.  Don't invest more than you can afford to tell your wife you lost.

And if you have no wife?

Buy, hold, and go find a hobby that doesn't involve sitting alone in front of your computer.



Actually, my problem is explaining to my wife how I can read millionaires' posts all day without becoming one myself.  Maybe I should get my daughter's college fund working for us...