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Author Topic: Compare Bitcoin with the dot-com bubble  (Read 1109 times)
neptop
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October 18, 2011, 04:08:13 PM
 #1

What we see right now doesn't mean that Bitcoin will die. If you think Bitcoin - when we speak about making money (not using it!) - is a bursting bubble I can say it looks so. You may be right. However, that doesn't mean Bitcoin dies. Do you folks remember the Dot-com boom? That bursting bubble?

What happened can be read on Wikipedia, but what is more important is that it didn't kill the IT industry. It just corrected thing and stabilized their values and the market got rid of bad companies. This is just what Bitcoin needs.

BitCoin address: 1E25UJEbifEejpYh117APmjYSXdLiJUCAZ
Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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cypherdoc
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October 18, 2011, 05:47:39 PM
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agreed.
micc
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October 18, 2011, 08:15:42 PM
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I will keep hoarding bitcoins, whether it has value or no value. Because I am getting it with only hardware investment.  Grin
BitterTea
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October 18, 2011, 08:31:27 PM
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Visual comparison...





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October 18, 2011, 09:01:36 PM
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6 months ago the price of BTC was less than today, we had no encrypted wallet and we where all positive about Bitcoin. People needs to understand that what have happened since April is a bubble. 
neptop
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October 19, 2011, 05:12:34 PM
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Since Bitcoin is different in certain ways it's hard to predict what will happen (well, actually all price developments are hard to predict, else it'd be super easy to become rich). However, I think the very low price (when compared with what energy costs for the average person) is maybe an indication for a stabilization. Also I say price, because Bitcoin is valuable in different ways.

BitCoin address: 1E25UJEbifEejpYh117APmjYSXdLiJUCAZ
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