Quote from: DoublerHunter on December 27, 2016, 01:28:25 AM

Quote from: Bitcoinsummoner on December 26, 2016, 05:34:36 PM

Many people before are talking about bitcoin will be dead soon but right now it is hard to say that bitcoin will be dead soon even bitcoin experiene to dead 100 times it is still alive and active. and i think the price for bitcoin will touch in 10k value if the price touch in 10k i think we can say that bitcoin will be die soon because of over value..

Nope, I don't think that if the bitcoin will reach 10k price it will not cause of dying because i'm sure that if that price is already reached then it means that bitcoin is very stable and almost fully developed and that high price will continue to be higher and higher. Maybe in the first few months we will encounter many dumps but soon it will rise up.

Do you really think that the price of bitcoins has anything to do with it's "development phase" to be called "developed" completely?
I think, No. The price rises due to the demand and adaption and not any different things.

Quote from: TKeenan on December 27, 2016, 07:10:41 PM

Quote from: disconnectme on December 27, 2016, 06:52:02 PM

investment of over $14 billion

See, that is the problem right there. Many people here are very unsophisticated. They can't discern the difference between '$14 Billion investment' and '$14 Billion valuation'.

Because these very stupid people can't understand these very different concepts, they just keep on buying, and buying. Thus, we have a 'natural Ponzi scheme'. Bitcoin offers no utility nor function to anyone. It is simply a 'buy and hope' speculator's tool. There is no revenue. There are no earnings. It is just a more inflated 'market cap' day after day. A total Ponzi scheme.

Bitcoins are not ponzi, but should rather be called experiment here, an experiment which gave birth to something revolutionary which ended the boundaries of the world and brought users like you and me here to discuss about it, same is the case with the technology called blockchain, which according to me is a tremendous thing and it came out just because of bitcoins, so I think that calling it a ponzi is not a good way to honor its inventor's efforts.