Plagiarism.
Copy:
Guys that 1200 price was a bubble dont you get it.. media hype + mt gox + silk road shutdown + senate anouncment .BITCOIN itself is NOT a bubble ..but and here is a BIG BUT thats not to say there will not be any price bubbles. And i am afraid that last November was one.. but at each bubble we get a hole new wave of adoption so we may have a another bubble 1600 which settles at a new low of 800 then again and again.. or we may from now on get a agonisingly slow price rise. Who knows.. but its not bad news trust me. FOR some reason people think from 1200 we should just keep rising no wayyyy we need much more adoption and with all these peice of shit altcoins camoflouging the real deal makes it even slower for adoption.
Original:
Guys that 1200 price was a bubble dont you get it.. media hype + mt gox + silk road shutdown + senate anouncment .BITCOIN itself is NOT a bubble ..but and here is a BIG BUT thats not to say there will not be any price bubbles. And i am afraid that last November was one.. but at each bubble we get a hole new wave of adoption so we may have a another bubble 1600 which settles at a new low of 800 then again and again.. or we may from now on get a agonisingly slow price rise. Who knows.. but its not bad news trust me. FOR some reason people think from 1200 we should just keep rising no wayyyy we need much more adoption and with all these peice of shit altcoins camoflouging the real deal makes it even slower for adoption.
Copy:
The thing is valuing either Gold or BTC in Fiat is actually a mistake.
This is a very difficult concept to grasp, because most people in the developed world especially, are trained from birth to value their fiat. Hence when they compare the value of anything, they generally refer to it in units of their favorite fiat.
But the reality is that the purchasing power or value of fiat is always changing. It's the precious metals (and if the future proves me right, crypto) that are actually more stable over time. When you look at Gold's value w.r.t. USD or CNY, what you're actually doing is comparing USD or CNY to Gold. And it gets even worse than that.
Original:
Valuing either Gold or BTC in Fiat is actually a mistake.
This is a very difficult concept to grasp, because most people in the developed world especially, are trained from birth to value their fiat. Hence when they compare the value of anything, they generally refer to it in units of their favorite fiat.
But the reality is that the purchasing power or value of fiat is always changing. It's the precious metals (and if the future proves me right, crypto) that are actually more stable over time. When you look at Gold's value w.r.t. USD or CNY, what you're actually doing is comparing USD or CNY to Gold. And it gets even worse than that.