Quote from: futureofbitcoin on July 21, 2015, 01:37:51 AM

Quote from: errornone on July 21, 2015, 01:34:59 AM

Quote from: sidhujag on July 21, 2015, 01:25:27 AM

Quote from: errornone on July 21, 2015, 01:21:25 AM

if people aren't spending bitcoins - that's what i see/read around here; everybody is waiting for the price to sky rocket - this means we are creating our own bubble and we will 'die' in it! We only buy bitcoins, so the price at this moment is above, super above of what a bitcoin really value.

Until the market starts to flow naturally - peoples actually using bitcoin in their purchases - we don't know the real price of it! actually, the current price is OVERRATED for sure, because people only BUYS it!!!!!

Already flowing. Scarcity provides value along with utility.
Its more complex than you think.

i know that!

21million bitcoins for 7billion people, makes 1bitcoin to worth maybe millions! i don't know!

But at the moment, 270$ maybe a 'bubble price'! at the moment the real price is lower than this number.

You're working under the assumption that bitcoins will work exactly in the same way USD or Euro or RMB works. But bitcoins could be a store of value rather than a working currency. You don't "spend" gold everyday, yet gold is valuable and continues to be valuable. There are many ways bitcoin could succeed, other than being completely a currency. That's not it's only use. If it was, most of the VCs and really smart people with money won't be here.

but gold has intrinsic value. people actually need it to work, to some industries, jewelry, etc. Gold will always have value.

bitcoin dont.

don't get me wrong, im not against bitcoin (actually i love it), i just love to see every aspects and possibilities and sometime play the devel's advocate to really understand where this is capable to go.

And don't follow than genius blindly because you have even more genius on the other side, the side that says bitcoin is a mirage!