Quote from: mateo on December 07, 2013, 02:46:51 AM

Except this comparison is meaningless now, because people aren't using it as a currency anyway. And it's pretty bad as even a commodity right now with these wild swings.

bitcoin is not a commodity!
its an asset
commodity = raw product with international standard of quality and vale, used to make other products
asset= possession held for storage of value.

assets can be used as part of trade as a currency for barter or held in storage for a store of wealth and should not be thought of as shares of a company or a raw material investment.

those worrying about the tank, dont panic. there is alway negative news the first week of each month. this has happened ever since april.. then folowed by 3 weeks of growth.

atleast research the past and dont panic about the future. bitcoin is still young. it is at the teenage rebellion stage fighting authority.. it is not at retirement age yet.

the 7 stages of life.. bitcoin life
2008- Birth: satoshi white paper
2009- first step: bitcoin pizza
2010-2012- troublesome toddler stage: silk road propoganda
2013- rebellious teen: fighting authority
the future- marriage: agreement with Fiat to be together for mutual benefit
the future- midlife crisis: maybe a major technical disaster to test bitcoins resolve
2140- retirement: no longer required to work(mine) for income but still useful around the community