Quote from: pjviitas on February 13, 2015, 02:05:58 AM

Quote from: Fatman3001 on February 13, 2015, 12:03:43 AM

Quote from: billyjoeallen on February 12, 2015, 11:44:19 PM

Quote from: JorgeStolfi on February 12, 2015, 09:04:27 PM

Quote from: billyjoeallen on February 12, 2015, 08:50:10 PM

Quote from: Moria843 on February 12, 2015, 07:52:25 PM

Where are all the predictions and YouTube videos for bitcoin going over $10,000?

How is that any more ridiculous than Apple having a market cap of $700 Billion? in order for one BTC to be worth $10,000, the market cap would only have to be $210B or less (depending on how many bitcoins have been mined when it happens), less than 1/3 of Apple Corp's current value.

Well, when you buy some Apple stock, you become owner of a slice of a huge company, that makes 70'000 USD of profit every second, by manufacturing and selling more than 10 million high-quality computers and smatrphones per month, that people literally give a kidney for. Whereas, when you buy a bitcoin....

There is no rational reason why an Apple phone or computer is substantially more desirable than one of it's many competitors. It's simply a preference and preferences change. The desire to own bitcoins (which can be looked at as shares in the Bitcoin network) is also a preference. The demand for Apple products may go down, particularly if they fail to keep innovating at a pace and in a way their customers expect. The demand for bitcoins may go up if innovation in the space makes them more useful.

There are plenty of rational reasons why an Apple computer or phone should be substantially more desirable than any of its competitors. And there is a serious barrier to Bitcoin going mainstream. And if you look at those cases one explains the other.

Name one single rational reason

Their focus on and uncompromising attitude to human/technology interaction makes their products more usable and powerful tools for more people than Linux, Windows and Android. Android have been making great strides, but it still isn't as intuitive as Iphones. I use Android because I don't mind and I got an Android phone for free from someone who was fed up and bought an Iphone. And my every day computer runs Fedora, but when a relative asks I advice them to get an Iphone and a Mac. I used to have to use Christmas and Easter to fix my relative's computers, now that everyone has Apple products(except my Grandma, and it's amazing what a Pre-WW2 woman can clog up Win 7 with) I don't have to. As a computer nerd it can be difficult to see the significance of this, but this kind of approach needs to be applied to those parts of the Bitcoin eco-system that's aimed at ordinary mainstream users.