Post
Topic
Board Speculation
Re: Fear will replace greed.
by
porc
on 21/12/2013, 03:57:11 UTC

Hint: I predict a meltdown, you predict a boom. Why is your post full of wisdom, while I am posting trite? My scenario is that bitcoin cant work, thus goes into single digits/cents. Your scenario (boom), cant be connected to a concrete price (or its much harder).


1) Please explain your "can't work" scenario better.

2) Later you said "already had massive media coverage" but although I can't prove it, I really think that many of us here, with our noses in it every day, are under the illusion that every Tom, Dick and Harry in the world knows about Bitcoin, knows how to buy a Bitcoin, knows how a Bitcoin works, etc. I honestly believe that such a person is relatively rare on this planet at the moment.

For example, I live and work in Belgium in Europe, and I can tell you that no-one in the office here knows about Bitcoin. The one person I started talking to about it had not heard about it and looked confused. And he is on the internet every day (but browsing in French).

Although we (please excuse my talking for everybody) have Bitcoin on the brain, search for news etc, most people do not. And media coverage is fickle: it takes many repeats for it to sink in en masse.

Why "Bitcoin can't work"? Please explain more clearly.

1) Check out my post history.

2) In the US, bitcoin has been on front covers of main stream newspapers/magazines. Every tv news station has reported on it. Most precious metals investors know about it. Maybe the bubble can be reflated one more time. However I think in 2014 it will collapse.