Post
Topic
Board Speculation
Re: The Four Phases of Bitcoin Growth
by
freebird
on 18/11/2013, 07:22:20 UTC
Pretty much nailed it. I think btc will become more of a store of value than a commerce player though... At least for the first couple years.

Amazing times.

Indeed. Bitcoin is a contender for becoming the next high-powered Wall Street bubble, when it actually hits the stock market. Digital currency may be touted to the average investor as "the next big thing since the internet." One thing we know is that when the financial movers and shakers decide to inflate a bubble, it usually goes far beyond what most people predicted before the establishment decides to get on board. We are not even in bubble territory yet. The Average Joe still either hasn't heard of bitcoin or thinks its some "crazy libertarian thing." And the Average Joe can't even buy bitcoin yet with his Schwab account! And some people think the price right now is high? lol. Sure, there will be corrections, but I won't think we've really reached a high price until Joe Schmoe is logging into E-Trade and putting 5% of his stock portfolio into bitcoin because "my buddy told me he bought a few hundred bucks of this stuff back in '13 and bought his new Lexus with it."