Quote from: David M on June 28, 2011, 03:05:12 AM

Quote from: Jaime Frontero on June 27, 2011, 05:01:01 AM

he can't make any money from Bitcoin, other than as a miner or a participant. "professional" finance types don't like exposure to ~~risk~~ reality. they want to make money without touching, earning, or creating it. and if one of their investments tanks, they were only advisors - not vested.

hence; naked credit default swaps.

Bitcoin isn't like that, is it?

+1

The mistake people make when they look at the Bitcoin price chart and scream "bubble" is that they fail to understand Bitcoin is still in the price discovery phase.

Nothing like it has ever been priced. This is an awesome experiment and I am glad to be part of it.

PS: I am a DBA with 25 years experience, a Futures Trader/Advisor in Australia and a merchant who accepts Bitcoin.

That is an excellent point. It could easily go up to $200 and then go sideways until the market decided that was fair.