Bitcoin Forum
December 05, 2016, 02:42:22 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Motley Fool's new Bitcoin Article  (Read 1672 times)
Phinnaeus Gage
Legendary
*
Offline Offline

Activity: 1302


Bitcoin: An Idea Worth Spending


View Profile
November 01, 2011, 04:48:17 PM
 #1

http://www.fool.com/investing/general/2011/11/01/following-a-1000000-gain-a-slow-motion-crash.aspx

A good read and in need of quality comments over there.
1480905742
Hero Member
*
Offline Offline

Posts: 1480905742

View Profile Personal Message (Offline)

Ignore
1480905742
Reply with quote  #2

1480905742
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480905742
Hero Member
*
Offline Offline

Posts: 1480905742

View Profile Personal Message (Offline)

Ignore
1480905742
Reply with quote  #2

1480905742
Report to moderator
1480905742
Hero Member
*
Offline Offline

Posts: 1480905742

View Profile Personal Message (Offline)

Ignore
1480905742
Reply with quote  #2

1480905742
Report to moderator
1480905742
Hero Member
*
Offline Offline

Posts: 1480905742

View Profile Personal Message (Offline)

Ignore
1480905742
Reply with quote  #2

1480905742
Report to moderator
deepceleron
Legendary
*
Offline Offline

Activity: 1470



View Profile WWW
November 01, 2011, 05:19:54 PM
 #2

"Following a 1,000,000% Gain" as a headline is still a fault. I suppose if you can document that someone bought 3000 Bitcoins for $.10 early and then someone sold 3000 bitcoins for $100,000 at a peak that could be a fair statement, however, unlike a company IPO, Bitcoin didn't wait for a media marketing hype machine to peak interest before selling it's shares, all you had to do was run the software to get them for free, so in that aspect it had to start near zero valuation.

Gavin Andresen
Legendary
*
Offline Offline

Activity: 1652


Chief Scientist


View Profile WWW
November 01, 2011, 05:25:36 PM
 #3

"Following a 1,000,000% Gain" as a headline is still a fault. I suppose if you can document that someone bought 3000 Bitcoins for $.10 early and then someone sold 3000 bitcoins for $100,000 at a peak that could be a fair statement...

One million percent is a 10,000 times rise in price.
The first trades on bitcoinmarket.com were at a price of something like 0.001 US dollars; 10,000 times that would be $10, and lots of bitcoins traded over $10 earlier this year.

So I think the Fool got it right.

How often do you get the chance to work on a potentially world-changing project?
S3052
Legendary
*
Offline Offline

Activity: 1946


BTC Up or Down? go to www.bullbearanalytics.com


View Profile WWW
November 01, 2011, 05:27:26 PM
 #4

Agree with Gavin.

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
deepceleron
Legendary
*
Offline Offline

Activity: 1470



View Profile WWW
November 01, 2011, 05:28:51 PM
 #5

"Following a 1,000,000% Gain" as a headline is still a fault. I suppose if you can document that someone bought 3000 Bitcoins for $.10 early and then someone sold 3000 bitcoins for $100,000 at a peak that could be a fair statement...

One million percent is a 10,000 times rise in price.
The first trades on bitcoinmarket.com were at a price of something like 0.001 US dollars; 10,000 times that would be $10, and lots of bitcoins traded over $10 earlier this year.

So I think the Fool got it right.

Derp, math fail on my part.

BTW, now paying 1000 BTC for one-time use of a time machine, only has to go back two years...

jimbobway
Legendary
*
Offline Offline

Activity: 1380



View Profile
November 01, 2011, 05:32:20 PM
 #6

Gavin is Notradamus:

Quote
I predict there will be between one and five Bitcoin bubbles (price will double or more and then crash back down below the starting price) in the next four years.

I am working on a killer application...hopefully I can finish it soon.

░░░░░░░░░██████░░░░░░░░░░░░▄▄▄
░░███░░██████░░░░░▄▄▄▄▄░░██
░░███░░█████████████
░░░░░░░░██████▀▀██████████
░░░░░░░░██████░░░░░██████████
░░░░░░▄▄▄▄▄▄░░░▄▄▄░░░░███████
░░░░░██████░░░███░░░░███████
░░░░░██████░░░███
░░░░░███████▄▄▄▄▄████████
░░░░░████████████████████
░░▄▄▄▄▄░░█████░░░░█████████
█████░░█████░░░░█████████
█████░░░░░░░░░░░░█████████
█████░░░░░░░░░░░░░█████████

START GETTING PAID FOR YOUR ATTENTION!
███████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████
JUSTICE IN THE WORLD OF ONLINE ADVERTISING!

BUY MASS COIN 】【 ICO PROSPECTUS
VISIT OUR WEBSITE
TWITTER 】【 FACEBOOK 】【 TELEGRAM

enmaku
Hero Member
*****
Offline Offline

Activity: 742



View Profile WWW
November 01, 2011, 05:40:09 PM
 #7

+1 for Gavin's comments. I'm not in Bitcoin for speculative value, I'm init for its fundamentals. The fundamentals haven't changed so I'm still in.

deepceleron
Legendary
*
Offline Offline

Activity: 1470



View Profile WWW
November 01, 2011, 06:24:37 PM
 #8

BTW, I'm pointing out that it is a fault in the article to emphasize 10000x valuation gains as a headline, even if the article later goes on to quote GA that any particular exchange rate is not so important to Bitcoin adoption. It makes it seem like the subtext is that Bitcoin still should be seen as just a crazy speculation bubble scheme.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!