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jcoin200 (OP)
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July 10, 2014, 01:01:31 PM |
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All BTC value game is based on expectations.
I'd have to say the expectations of merchant acceptance are being met. Also hundreds of millions of dollars by very smart investors have been put into the bitcoin infrastructure. Yes the expectations are high, but I'd say they are being met. |
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gbooz
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Activity: 56
Merit: 0
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July 10, 2014, 01:28:20 PM |
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All BTC value game is based on expectations.
I'd have to say the expectations of merchant acceptance are being met. Also hundreds of millions of dollars by very smart investors have been put into the bitcoin infrastructure. Yes the expectations are high, but I'd say they are being met. I would agree - are being met by now. But it is a speculative asset with the very limited connection to the real economy. And therefore the "explosion" could be more likely to the explosion of the bubble. |
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Guido
Legendary
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Activity: 1061
Merit: 1001
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July 10, 2014, 01:31:25 PM |
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It will explode and spike again, not sure when, thought would be by late summer, now not so sure.
can't wait for it to go up and take alts with it, they are insanely low now
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I am Bonkers BTW
Crypto OG
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Digital Artist
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ljudotina
Legendary
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Activity: 1260
Merit: 1029
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July 10, 2014, 01:35:15 PM |
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It will explode and spike again, not sure when, thought would be by late summer, now not so sure.
can't wait for it to go up and take alts with it, they are insanely low now
Isn't it going other way around? BTC falls, ppl go to alts to spread their wealth, btc goes up, ppl go back to btc to capitalize on growth? |
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jcoin200 (OP)
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July 10, 2014, 01:49:34 PM |
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All BTC value game is based on expectations.
I'd have to say the expectations of merchant acceptance are being met. Also hundreds of millions of dollars by very smart investors have been put into the bitcoin infrastructure. Yes the expectations are high, but I'd say they are being met. I would agree - are being met by now. But it is a speculative asset with the very limited connection to the real economy. And therefore the "explosion" could be more likely to the explosion of the bubble. With all the millions being poured into the BTC infrastructure, I'd say it's gained a legitimate spot in the "real economy." As for any alt-coins, I would say they have no connection to the real economy, at least not right now |
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gbooz
Newbie
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Activity: 56
Merit: 0
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July 10, 2014, 01:55:13 PM |
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All BTC value game is based on expectations.
I'd have to say the expectations of merchant acceptance are being met. Also hundreds of millions of dollars by very smart investors have been put into the bitcoin infrastructure. Yes the expectations are high, but I'd say they are being met. I would agree - are being met by now. But it is a speculative asset with the very limited connection to the real economy. And therefore the "explosion" could be more likely to the explosion of the bubble. With all the millions being poured into the BTC infrastructure, I'd say it's gained a legitimate spot in the "real economy." As for any alt-coins, I would say they have no connection to the real economy, at least not right now Try to pay bitcoin for your pizza. Alt-coins are connected to the real economy because YOU are using it day-to-day. |
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jonald_fyookball
Legendary
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Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
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July 10, 2014, 04:51:57 PM |
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It will explode and spike again, not sure when, thought would be by late summer, now not so sure.
can't wait for it to go up and take alts with it, they are insanely low now
Isn't it going other way around? BTC falls, ppl go to alts to spread their wealth, btc goes up, ppl go back to btc to capitalize on growth? nope. right now alts are worth nothing without btc. it's only by confidence in btc that alts get any credence. |
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gbooz
Newbie
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Activity: 56
Merit: 0
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July 10, 2014, 04:55:34 PM |
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It will explode and spike again, not sure when, thought would be by late summer, now not so sure.
can't wait for it to go up and take alts with it, they are insanely low now
Isn't it going other way around? BTC falls, ppl go to alts to spread their wealth, btc goes up, ppl go back to btc to capitalize on growth? nope. right now alts are worth nothing without btc. it's only by confidence in btc that alts get any credence. Optimism is very good for the health. |
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Beliathon
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July 10, 2014, 06:04:28 PM |
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Its been 3 days. Any explosions yet ??
I just exploded in the men's room at Whole Foods and used a Bitcoin gyft card to pay for my order. Does that count? It counts as being inappropriate behavior in a public restroom... You really couldn't wait till you got home? |
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jonald_fyookball
Legendary
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Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
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July 10, 2014, 07:11:28 PM |
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Its been 3 days. Any explosions yet ??
I just exploded in the men's room at Whole Foods and used a Bitcoin gyft card to pay for my order. Does that count? It counts as being inappropriate behavior in a public restroom... You really couldn't wait till you got home? Should coindesk really be quoting this guy ? |
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DubFX
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July 10, 2014, 07:21:55 PM |
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Nice article, i wish whole world would read forbes for this while or atleast this article, that would be panic buy!
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minerpumpkin
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July 11, 2014, 01:24:42 AM |
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It's always interesting to see whether people proclaiming a bright future for Bitcoin have indeed an agenda of their own. Draper, for example, has of course got to foster Bitcoins growth and advertise its benefits. I wouldn't be surprised if quite a lot of journalists or so called experts just own a small stash themselves
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I should have gotten into Bitcoin back in 1992...
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eid
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July 11, 2014, 08:44:31 AM |
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It's always interesting to see whether people proclaiming a bright future for Bitcoin have indeed an agenda of their own. Draper, for example, has of course got to foster Bitcoins growth and advertise its benefits. I wouldn't be surprised if quite a lot of journalists or so called experts just own a small stash themselves
If a reporter (like anyone else) believes in bitcoin, why wouldn't they buy some and continue to report positively on it? It doesn't imply an agenda necessarily. It just means they're willing to put their money where their mouth is. |
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Gianluca95
Legendary
Offline
Activity: 1582
Merit: 1196
Reputation first.
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July 11, 2014, 08:51:33 AM |
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Surely is a good news this  But, where is the explosion of the value? How much we'll wait yet?  |
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eid
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July 11, 2014, 08:52:45 AM |
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Surely is a good news this But, where is the explosion of the value? How much we'll wait yet? Seems to be falling at the moment. |
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DubFX
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July 11, 2014, 09:06:33 AM |
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Surely is a good news this But, where is the explosion of the value? How much we'll wait yet? Seems to be falling at the moment. Falling? We are at 600-620 for few days now. |
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Gianluca95
Legendary
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Activity: 1582
Merit: 1196
Reputation first.
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July 11, 2014, 09:08:24 AM |
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Surely is a good news this But, where is the explosion of the value? How much we'll wait yet? Seems to be falling at the moment. Falling? We are at 600-620 for few days now. Exactly. Now the price is slowly moving down. We need a good news from the market to see a probably rise of price  |
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asimoshe
Member
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Activity: 75
Merit: 10
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July 11, 2014, 10:00:53 AM |
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i think someone inside forbes magazine wants to increase the the value of btc just by making people hear more and more about the bitcoin world.
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TaunSew
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July 11, 2014, 10:19:08 AM |
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The issue with BTC is too much hype buying and not enough legit new people coming in. Probably the best news we've heard is 4000 Bitcoin ATMs in Ukraine but Ukrainians aren't yet lining up to buy BTC but could in a worsen currency crisis.
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There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!
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YesBoss69
Newbie
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Activity: 42
Merit: 0
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July 11, 2014, 11:13:37 AM |
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The issue with BTC is too much hype buying and not enough legit new people coming in. Probably the best news we've heard is 4000 Bitcoin ATMs in Ukraine but Ukrainians aren't yet lining up to buy BTC but could in a worsen currency crisis.
I thought it was rather 4000 outlets of exchange rather than 4000 machines.. am i wrong!? either way, it's insane, and I'm looking forward to some form of international 'case study' becoming a success story with no sting in the tail. I hope ukraine turns out to be that, but argentina could also prove very complimentary for bitcoin this year. |
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