Quote from: IamCANADIAN013 on February 27, 2014, 06:06:44 AM

Quote from: CityGuy on February 27, 2014, 05:21:29 AM

Quote from: ninjarobot on February 26, 2014, 11:55:49 PM

Collapsed? That certainly is worrisome... No worries we will take a look and see what is wrong.

Please show me on the chart exactly where Bitcoin collapsed:

http://i.imgur.com/EFaiwRM.png

Funny, I have been trying to get an acquaintance to help out financially with my mining operation. He's a financial advisor for a reputable bank in Southern California and has been a top producer in large county for 17 years. I have been advising him to get involved in anyway possible, even of he doesn't go my route. Yesterday we had lunch and we were talking about various things and Bitcoin came up. I touched on throwing me some capital and he responded, "you obviously haven't been watching T.V this week." I forget sometimes that people are satisfied with reading headline news all the time to get their share of information. Not that it doesn't suffice in some circumstances, but damn you'd assume educated people would do a bit more research to realize that this will be nothing but a blimp in the timeline of Bitcoin's lifespan.

Sometimes it can be frustrating talking with people about Bitcoin. People see EVERY SINGLE con of crypto-currencies, and essentially forget about all the negatives of fiat we have experienced in the recent past.

It really can be, and it's why I stopped trying with some people. I figure time will prove them wrong, and/or they will take the time to learn about it as I did. People can be so narrow minded when it comes to things they don't understand. I have to admit, I thought bad about Bitcoin as well when I first heard about it. At least I was willing to go into learning about it with an open mind.

The way I see it, every savvy investor on CNBC bashes Bitcoin and claims they don't support the idea/purpose/potential of crypto's. What I can't wrap my head around is that people in the financial industry that have accumulated great amounts of wealth playing in the stock market, think they can analyze Bitcoin without understanding it. Bitcoin experts can't give credible advice in the real stock market, and experienced financial advisors/brokers can't give advice on Bitcoin. Those two are COMPLETELY SEPARATE. Not that Bloomberg analysts are stupid, they are definitely not. However, their inability to do simple research that may take MAX 3 hours is pretty pathetic and makes them appear that way.