Quote from: Ibian on April 28, 2014, 04:05:16 AM

Quote from: Bitcoin BEAR on April 28, 2014, 03:51:46 AM

I don't get why it MUST be binary. Why is there no middle ground?

If worldwide adoption occurs, then I agree that 6 digits is a safe bet. But then I ask, why should Bitcoin be valued at it's maximum potential right now, when it has not yet reached it's maximum potential? The true value should rise with real use and not just speculative demand, but that real use is, compared to trade volume, minuscule at the moment.

It's too useful to remain some obscure nerd-token. Just like email and looking up cooking recipes on the internet. People are slow to adopt, but they will eventually simply for their own selfish benefit. Same as any other technology.

The True Value, as meaningless as that term is, is whatever its ultimate potential is. Which is much higher than here.

And just to clarify, by worldwide adoption I don't mean that 100% of the economy happens in bitcoin. Just that it is known to everyone and that however many people have a reason to use it, use it (whether they know it or not at the present time of writing). My (conservative, as always) estimate for that is that 10% of the world population commonly use it. Could likely go much higher, but no reason to be overly bullish.

You can't really compare btc with email. People weren't really slow in adopting email, and there's not really much risk using email for the average person. Investing in btc on the other hand, is quite risky.