Re: I am pretty confident we are the new wealthy elite, gentlemen.

The time is coming...

We are only 3-6 months away from the next massive spike... and it will exceed all of your wildest dreams.

baaa, it's almost touching the 200's now....depressing...where's the spike you promised?

Did you read my post? I said 3-6 months before it happens minimum.

Jeebus christ, Bitcoin is practically guaranteed to go to the moon next year and you guys are whining about cheap coins.

Either take advantage of the current situation or don't.

I think people often confuse bitcoin for crypto in general. The writing is on the wall for crypto. It solves myriad real world problems that nothing else that has ever been invented can, or anything that will be invented for quite some time likely will. To confuse crypto currency in general for bitcoin specifically however might end up getting a lot of people burned.

You are NOT being very specific in your critique, and what are the possible solutions to this? Educate people about different crypto currencies? They have NO incentive to be educated until they become more invested in the ideas and/or practices of crypto, no? Are you proposing any forward direction?

I'm only suggesting that if sufficiently superior technology comes along than it will unseat bitcoin. The markets arn't going to wait until this actually happens to price in this risk. They are already pricing it in. Infact i think its very unlikely that such a sufficiently superior technology will not emerge at some point in the future. Bitcoin security cost is high, non adaptive and wasteful. Anonymity is expensive and perhaps even at large cost involves counter-party risk and/or is potentially insufficient for certain tasks. And perhaps there is the opportunity to develop blockchains like systems that scale better. Those are just some examples. What do you do about it? Keep your ear to the ground.