CNNMoney - Where did bitcoin go wrong?

[acoindr]

This reminds me big things are on the horizon for Bitcoin. If nobody was saying anything about Bitcoin or everyone was in agreement about its potential that's when I'd be worried.

1994: "Today": "What is the Internet, Anyway?"

[bornil267645]

To get something to make it's mark. it needs to be criticized with lot of evaluation. That it will evolve certainly take it's rightful place.

[Piston Honda]

He is right... old man gets it, retards here dont

"it is not going to take over the world"   

"There is no there there" 

"more people in kuwait frequent fliers club"

Greedy tech kids. 

I'd have to go with this, lol.   

[smoothie]

Seems like CNNMoney supports the dollar.

Bitcoin worth 328 dollars. lol

Yes Bitcoin so went wrong  

[sublime5447]

Seems like CNNMoney supports the dollar.

Bitcoin worth 328 dollars. lol

Yes Bitcoin so went wrong  

Down from 1200 and falling.

[Magicman420]

Did I hear 2k per bitcoin.. That would be lovely lol

[galdur]

The incredibly paltry volume persists.

Let´s hope it improves in the new year.

[cutepuppy]

That guy is going to feel like the worlds biggest idiot in a few weeks.

He is going to have to shave his head and grow a beard

mark my words

[kago_chiaki]

That guy is going to feel like the worlds biggest idiot in a few weeks.

He is going to have to shave his head and grow a beard

mark my words

Sure hope so  

[galdur]

So, what is it with this nano-volume? I mean, Facebook stock alone in 6 1/2 hours turns over about 100x more in dollar terms. The forex market, 5 Trillion dollars in a day.

Obviously with such a thin trade this puppy has been a darling of short sellers all year.

[galdur]

It won´t go anywhere until big money investors bring in volume.

And they´re not interested in a totally unregulated and scam ridden
marketplace with a shaky infrastructure and exchanges with different
shades of sleaziness.

[galdur]

To feel safe with your funds on those so called exchanges
you really have to remove them every night. Just in case
the exchange gets "hacked" (the most popular fairy tale
that idiots buy when these things blow up) and your money
disappears.

[darkaire]

So, virtual currencies are the future, but the largest, most advanced blockchain by far, Bitcoin, has no future? Bitcoin is still very young, and will never be "finished". It just keeps getting bigger and better.

Does not compute.

And he kept saying "pretend currency" which is a pretty big fallacy when you consider the Federal Reserve up until recently was creating their own actual pretend money ad nauseum to prop up a broken economic system captained by financial tyrants. Bitcoin cannot be duplicated this way, which makes it more real to me than the Dollar is. Computer enforced scarcity ensures this.

Move along, nothing to see here.

[galdur]

Yeah, yeah the death of the dollar is right around the corner

the 30th year in a row.

[cbeast]

Yeah, yeah the death of the dollar is right around the corner

the 30th year in a row.

You mean the former reserve currency being replaced by RMB?

[galdur]

Yeah, yeah the death of the dollar is right around the corner

the 30th year in a row.

You mean the former reserve currency being replaced by RMB?

Another 2-3% and the greenback is right at the tops of 2009 and 2010.

I doubt it´ll go much further.

The DJIA is the flagship of the stock market and the stronger the dollar
gets the fewer dollars those multinationals get to book as revenue and
profits back home. So, it´ll probably sag soon in time for the year end books.

[MilesJohan]

Yeah, yeah the death of the dollar is right around the corner

the 30th year in a row.

You mean the former reserve currency being replaced by RMB?

I would doubt that China would ever have a world reserve currency as they are a net exporter by a large margin, meaning that other countries will have little reason to have large amounts of RMB as China is a natural buyer of foreign currencies

[allthingsluxury]

People could ask the same question. Where did CNN go wrong?

[cr1776]

"Trustworthy, honest news source:  Where did CNN go wrong?"

"Virtual currency is the future, there's no doubt about that"

Bitcoin is just a step along the way according to them.

They discuss where bitcoin may have gone wrong (quite interesting actually) :

http://www.youtube.com/watch?v=GYJdOiLqSxE

[nor9865]

THEN: May 28th, 2014

BTC to break $2,000 mark by Christmas – Experts

http://cointelegraph.com/news/111597/btc_to_break_2_000_mark_by_christmas_experts

So, you can just imagine the staggering overinvestment  NOW in bitcoin mining.

Maybe the market is just trying to get rid of overcapacity.

A few big bankruptcies in the coming months would probably do wonders.

From another biased point of view though.. CNN and cointelegraph are extremely biased. We need a news source that is completely unbiased now!