Quote from: DaveWave on January 14, 2015, 04:47:25 PM

Quote from: gjgjg on January 14, 2015, 04:42:34 PM

Wow, if you really think BTC is comparable to freaking tulips then just wave goodbye dave.
Sorry, couldnt resist.

No offence taken. I just see it as a bubble and can't see a long term future for bitcoin. I'm not alone on this. Conversely there is a huge number of people who believe in it.

History will prove one of us right

Fair enough, it has some bubble characteristics. But surely you can agree that there are more facets and depth to BTC than most other bubbles (tulips especially)? I assume youre talking about BTC as an investment (the 'buy coins just to sell them, lets get rich quick' side). Id agree that is the aspect of BTC that is most at risk of 'popping' long term imo, but just cos the price is falling hard now its far from likely to be a 'popped bubble' failure - even at 10$ per coin people can get a good return with good trading strategy - as they do with other commodities & currencies.

In the broader sense,(at the very least) BTC as a technology is very unlikely to 'fail', even if it just ends up being a back end system supporting transactions where the banks/money transmitters 'rent' the use of system from miners.

Maybe you shouldve pick something from the 90's .com bubble that flopped to compare it to :p

As you said, lets see what history has to say:)