Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
Spaceman_Spiff
on 15/06/2016, 17:52:11 UTC
Yeah, Black Swan's are hard to spot. The internet might have been a lot easier to see. I mean the internet was freedom of information and Bitcoin is a step in the direction of freedom with value transfer. It isn't THE answer, but a step in the right direction.

If we see $10,000 per BTC this year, I would not at all be shocked.

The strange thing is, due to my background in computer science, I get to talk to quite a few relatively intelligent IT guys. 95% of them just don't get it. They understand tech but they can't wrap their heads around it. Trading stocks gave me another perspective and I find that stock traders might take a chance on BTC for obvious reasons, but understanding it is not one of them.

And these same people who wouldn't buy at $200 because it was too high, won't buy at $10,000 just like they won't buy now. It is almost like there is a stop sign in that part of the brain.
Yeah, not that many people that like new technologies and have an understanding of the money system.  Plus, people hang on to what is "normal" to them.  Luckily, the longer bitcoin exists and is mentioned in the news or by relatives, the more "normal" it will become for them.