Post
Topic
Board Speculation
Re: Bitcoin Shrinking - The Long View
by
flug
on 16/07/2011, 19:25:43 UTC
So I'll give up on the Synaptic's first point. Xephan, I appreciate your points, but I'm trying to pin Synaptic down here like I'd try to pin down someone on Fox News peddling tripe.

Next point.

Here's the fact of the matter:
...
+ The price run-up happened SOLELY on hype alone. There's not much analysis that needs to be done here. It was clearly a bubble that started with the Silk Road coverage, inflated with the mining craze, and ended with the Gox scandal. That's it folks. Bitcoin jumped the shark 3 weeks ago.

How can you predict the long term success of Bitcoin on the basis of a short term transient market move the first time it became widely known?