Bitcoin
Bitcoin
Out of context: Reply #940
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- yuekit0
It's interesting how many financial types will criticize Bitcoin and call it a bubble or a ponzi scheme.
It may well be viewed in retrospect a bubble but I haven't heard any convincing explanations for what would cause the bubble to pop.
Is $11k the absolute upper limit? $20k? $50k?
No one knows right now, and it would be silly to pretend they do.
- Because of no tangible value. The thought is that when the big boys bail the rest are left holding the baby. The worthless baby.Hayzilla
- Wouldn't the value be in the technology and the fact that it has gained widespread adoption?yuekit
- Yea it's been widely adopted. But it can also potentially be widely un-adopted again.Hayzilla
- As Hayzilla points out current Bitcoin price is only true for the 5% early sellers, after that its a black voiddrgs
- I guess the point I was making is that the usual criticisms (such as no tangible value, not backed by government) don't seem to have much bearing on whether ityuekit
- Bitcoin market cap is normally defined as current price x all BTC, this is of course BSdrgs
- continues to gain or not. There is clearly a lot of interest in owning crypto as a store of value regardless of those critiques.yuekit
- ^ as a medium of transaction (get in, get out), it's great. As a "store of value" it's really insecure. and the alt coins might be better at transactions...monNom
- there are charts/mathematics that project 1btc = 1millioninteliboy
- also - in theory, qbners, a site of nerds and tech designers should be rich as fuck now with crypto.inteliboy
- ^ I'm willing to invest with you if you let me know what the fuck it is all about ;-)Hayzilla