I owed $15 to this girl I am hooking up with, and she was excited to get 0.3 bitcoins instead! She said she was gonna use it to pay for her kids to go to college (mostly jokingly lol)
This must mean we are in a bubble
This must mean we are in a bubble
ok, that's almost as bad as that investor who, in 1929, was getting his shoes shined and the fricken SHOE SHINE BOY was talking about stocks and such. guy went and pulled his investments immediately. crashed happened the next day or something. i forget who this was. one of the big names.
I don't think the analogy works with bitcoin. Our goal has been to push adoption in order to push main stream acceptance and usage. I find it strange that all of a sudden we are trying to act shocked, SHOCKED, that people we talk to about bitcoin continuously start to show interest in bitcoins.
People talking about bitcoin is not a sign of a bubble. People being interested in bitcoin is not a sign of a bubble. It's a sign that bitcoin is doing what it is supposed to be doing.
fair point. that assumes it's adoption driving the price rise though. if it is, your right. great. if it's not, and just speculators or something? could still go bad.
personally i am hoping for the moon shot.
What is unique about bitcoin is that the price has to be high enough for it to be useful. I mean who doesn't want to send money internationally without paying high fees? Who doesn't want to put their wealth in cold storage somewhere they can check on from time to time? But in order for all this to happen, the market has to be liquid enough in the first place.
I am not the kind of people who will believe in a moon shot, but I will at least postpone my outburst of fear uncertainty and doubt from taking over me before we reach triple digits, the rally has to continue for bitcoin to survive, if you had been through the bottom of 2011 you will know how outrageously manipulated the market was then, simply because it was too small. Judging by percentage variation, the volatility now is way lower than it was then, and such volatility would not allow any business to run properly.