Quote from: debani on February 08, 2014, 05:10:23 AM

Quote from: windjc on February 08, 2014, 04:57:01 AM

Quote from: debani on February 08, 2014, 04:49:24 AM

If it were 1999 and we were in the dot.com bubble right now I wonder whether or not the people on this forum would be defending it fanatically, posting logarithmic charts with lines on them, etc.
Peoples reasons for believing Bitcoin will continue growing exponentially appear to be contrived afterthoughts. That doesn't necessarily mean they don't value privacy and freedom or think that Bitcoin has the potential to be useful but the main reason for the hype is people trying to make a buck.

No. Not really.

Care to explain why? Everything about Bitcoin and it's community are just about what you'd expect from a mania fueled speculative bubble. In your opinion why hasn't Wall Street and the business world at large gotten involved yet? Is it because they aren't comfortable with new technology?

Are you new to bitcoin?

First of all some in wall street have gotten involved on a personal investment level.

But if you are talking institutions, then they haven't gotten involved because of lack of regulatory clarification.

This is a process that is well under way and takes time.

Remember, bitcoin is 5 years old. Would you ask a 5 year old to drive you around town or lift you onto a roof? Bitcoin is developing as a technology. If you want to understand the price then you need to fully understand the technology. Most on here do not. This board is full of young kids trying to make a fast dollar.