The next bubble is Wall St.

[windjc]

The Mother of All Bubbles will be when retail penetration reaches critical mass.

I am not sure why man.  Please feel free to explain to me but as a typical economic evaluation goes,  The purchasing power is trending up, Transaction costs only has a slight advantage in the international markets, and the aggregate demand curve is not all that.  What policy planning will change any of that in a quantifiable way lol.  Using bitcoin as a medium of exchange is not why the majority of the buys have been made..

Because if businesses ever decide to trade wholesale to retail purchases or business to business purchases in bitcoin, the demand will become 1000x greater than it currently is.  Right now, outside of Overstock, businesses just convert straight into fiat. If they ever hold bitcoin to do commerce between each other, bitcoin will be worth 5-6 figures.

[DannyElfman]

The Mother of All Bubbles will be when retail penetration reaches critical mass.

I am not sure why man.  Please feel free to explain to me but as a typical economic evaluation goes,  The purchasing power is trending up, Transaction costs only has a slight advantage in the international markets, and the aggregate demand curve is not all that.  What policy planning will change any of that in a quantifiable way lol.  Using bitcoin as a medium of exchange is not why the majority of the buys have been made..

Because if businesses ever decide to trade wholesale to retail purchases or business to business purchases in bitcoin, the demand will become 1000x greater than it currently is.  Right now, outside of Overstock, businesses just convert straight into fiat. If they ever hold bitcoin to do commerce between each other, bitcoin will be worth 5-6 figures.

Businesses don't generally trade retail purchases between eachother. However once businesses are able to pay suppliers in bitcoin the demand for bitcoin will dramatically increase.

[windjc]

The Mother of All Bubbles will be when retail penetration reaches critical mass.

I am not sure why man.  Please feel free to explain to me but as a typical economic evaluation goes,  The purchasing power is trending up, Transaction costs only has a slight advantage in the international markets, and the aggregate demand curve is not all that.  What policy planning will change any of that in a quantifiable way lol.  Using bitcoin as a medium of exchange is not why the majority of the buys have been made..

Because if businesses ever decide to trade wholesale to retail purchases or business to business purchases in bitcoin, the demand will become 1000x greater than it currently is.  Right now, outside of Overstock, businesses just convert straight into fiat. If they ever hold bitcoin to do commerce between each other, bitcoin will be worth 5-6 figures.

Businesses don't generally trade retail purchases between eachother. However once businesses are able to pay suppliers in bitcoin the demand for bitcoin will dramatically increase.

Ummm. That is what I was talking about. Not bartering, lol.

[vleroybrown]

The Mother of All Bubbles will be when retail penetration reaches critical mass.

I am not sure why man.  Please feel free to explain to me but as a typical economic evaluation goes,  The purchasing power is trending up, Transaction costs only has a slight advantage in the international markets, and the aggregate demand curve is not all that.  What policy planning will change any of that in a quantifiable way lol.  Using bitcoin as a medium of exchange is not why the majority of the buys have been made..

Because if businesses ever decide to trade wholesale to retail purchases or business to business purchases in bitcoin, the demand will become 1000x greater than it currently is.  Right now, outside of Overstock, businesses just convert straight into fiat. If they ever hold bitcoin to do commerce between each other, bitcoin will be worth 5-6 figures.

Businesses don't generally trade retail purchases between eachother. However once businesses are able to pay suppliers in bitcoin the demand for bitcoin will dramatically increase.

Ok I understand increasing the loop and how important it is.  Feedback will be much realer when that happens.  I myself am putting alot of effort in Potcoin because I see things there as a new industry that doesn't need to change because its better.  There simply arn't any solid alternatives.  But man I see Bitcoin getting shunned for a while longer because of the way it has been man.

[negafen]

Last phase of bubble usually will make a lot of speculator wealthy.

Problem is hardly anyone able to exit the market before the final crash come.

[kerafym]

Last phase of bubble usually will make a lot of speculator wealthy.

Problem is hardly anyone able to exit the market before the final crash come.

Yes.

During the 80's, Nikkei index at around 20000 was already a bubble stage. Wise investors got out and it still went up to 40000 before crashing down more than 90%.

[JimboToronto]

exit the market before the final crash come.

Final crash?

So you think Bitcoin will eventually fail?

[coinsolidation]

So you think Bitcoin will eventually fail?

Satoshi felt that bitcoin would end up with a huge transaction volume, or next to none. It remains to be seen, and could go either way.

I guess the bet is if the utility bitcoin adds outweighs the cost of supporting it.

[zimmah]

So you think Bitcoin will eventually fail?

Satoshi felt that bitcoin would end up with a huge transaction volume, or next to none. It remains to be seen, and could go either way.

I guess the bet is if the utility bitcoin adds outweighs the cost of supporting it.

True, I would be amazed if bitcoin would fail, but it essentially boils down to this.

It either has utility and is used all around the world on a large scale. Or it almost completely fails.

[LiteCoinGuy]

i guess 2015/2016 are the wallstreet years. "today" we are bulding the ecosystem. and 2014 is a good VC year but we will see alot more i guess.

[ImI]

I expect Winklevoss ETF in 2014 or Q1 2015

But more important, the announcement when the ETF hits Nasdaq should come 2014. And thats where the fun begins imo.

[DannyElfman]

The Mother of All Bubbles will be when retail penetration reaches critical mass.

I am not sure why man.  Please feel free to explain to me but as a typical economic evaluation goes,  The purchasing power is trending up, Transaction costs only has a slight advantage in the international markets, and the aggregate demand curve is not all that.  What policy planning will change any of that in a quantifiable way lol.  Using bitcoin as a medium of exchange is not why the majority of the buys have been made..

Because if businesses ever decide to trade wholesale to retail purchases or business to business purchases in bitcoin, the demand will become 1000x greater than it currently is.  Right now, outside of Overstock, businesses just convert straight into fiat. If they ever hold bitcoin to do commerce between each other, bitcoin will be worth 5-6 figures.

Businesses don't generally trade retail purchases between eachother. However once businesses are able to pay suppliers in bitcoin the demand for bitcoin will dramatically increase.

Ok I understand increasing the loop and how important it is.  Feedback will be much realer when that happens.  I myself am putting alot of effort in Potcoin because I see things there as a new industry that doesn't need to change because its better.  There simply arn't any solid alternatives.  But man I see Bitcoin getting shunned for a while longer because of the way it has been man.

the problem with "investing" in any alt coin is that the network is much less secure then bitcoin for every single alt coin out there. This means that when a merchant is deciding if they are willing to accept a certain coin they will be hesitant as it would not be difficult to rob the store

[indiemax]

Well for me, it appears this weekend and the last week’s prices are clearly linked to the SR coins,
that in itself is clear evidence the market is not run by Chinese FUD but the important movements are now from the US.
The only movement from the Chinese will be how much they buy rather than what they sell.
So, could be some big movements when the auction prices are revealed, interesting times, Wall Street will show their hand soon if they are going to.

[vleroybrown]

Well for me, it appears this weekend and the last week’s prices are clearly linked to the SR coins,
that in itself is clear evidence the market is not run by Chinese FUD but the important movements are now from the US.
The only movement from the Chinese will be how much they buy rather than what they sell.
So, could be some big movements when the auction prices are revealed, interesting times, Wall Street will show their hand soon if they are going to.

Chinese adopters are the same as American Libertarians.  I hate to see their hopes dashed as policy and regulation completely smothers the love they feel for Bitcoin.  It the case of Altcoins I feel it is much less clear cut and there will be some extreme opportunities there.  I wonder if it will be posted here though..

[indiemax]

Well for me, it appears this weekend and the last week’s prices are clearly linked to the SR coins,
that in itself is clear evidence the market is not run by Chinese FUD but the important movements are now from the US.
The only movement from the Chinese will be how much they buy rather than what they sell.
So, could be some big movements when the auction prices are revealed, interesting times, Wall Street will show their hand soon if they are going to.

Chinese adopters are the same as American Libertarians.  I hate to see their hopes dashed as policy and regulation completely smothers the love they feel for Bitcoin.  It the case of Altcoins I feel it is much less clear cut and there will be some extreme opportunities there.  I wonder if it will be posted here though..

True, they are looking to the US to shine the path

[zimmah]

I think wall street will come next year at the earliest, but maybe they'll even wait even longer.

wall street is pretty conservative i believe, so i don't think the next bubble is started or even fueled by wall street.

[ajareselde]

I think wall street will come next year at the earliest, but maybe they'll even wait even longer.

wall street is pretty conservative i believe, so i don't think the next bubble is started or even fueled by wall street.

Bitcoin is exactly what wall.st needs, they have both trading experts and enough fiat to dominate bitcoin price as they please.
I believe the only thing stopping them is the uncertinty of how the law will treat bitcoin in the future.

[zimmah]

I think wall street will come next year at the earliest, but maybe they'll even wait even longer.

wall street is pretty conservative i believe, so i don't think the next bubble is started or even fueled by wall street.

Bitcoin is exactly what wall.st needs, they have both trading experts and enough fiat to dominate bitcoin price as they please.
I believe the only thing stopping them is the uncertinty of how the law will treat bitcoin in the future.

But walstreet always wants very hard structures and confusion around assets before they can invest. Bitcoin is too simple.

So they will probably need to make all kinds of structures around bitcoin rather than buying bitcoin directly.

[cookiemonster7]

We are all Just waiting on the first step in Wall Street implementation and that is the Winklevoss ETF, the moment that puppy gets approval by the SEC we are all going to be a very happy bunch. Another 10 billion dollars being injected into bitcoin would do absolute wonders.