[2014-12-22] Why Bitcoin’s Erratic Price Doesn’t Matter

[zakoliverz]

http://blogs.wsj.com/moneybeat/2014/12/21/why-bitcoins-erratic-price-doesnt-matter/

Bitcoin is much more than just a currency. Investors from Silicon Valley to Wall Street are now pouring money and expertise into what they view as an adaptable technology platform. Software developers anywhere can use bitcoin’s open-source code to create specialized applications that let businesses undertake commercial exchanges without using middlemen. These applications threaten to make redundant many services provided by banks, foreign-exchange houses, escrow agents, clearing houses, notaries public and even lawyers.

[LiteCoinGuy]

cant read it, i get an error   - paywall?!

[Yeah?]

the current price doesn't really matter all that much. Obviously people can see the potential in the technology and that's what important. Have some patience and let's see where the price is within five years from now. I'm sure the value today will be relatively peanuts.

[hilariousandco]

Agreed with the headline. I think there's two types of bitcoin believers or investors:

1) Those that get involved for a quick profit (always disappointed)
2) Those that get involved because they believe in the technology and what it can achieve
3) Both of the above.

cant read it, i get an error   - paywall?!

Works for me.

[Foxpup]

cant read it, i get an error   - paywall?!

Works for me.

Not for me.