2013-04-03 Henry Blodget: I'm Raising My Bitcoin Price Target To $400

shawshankinmate37927

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Bitcoin: The People's Bailout

He's reading and responding to the readers' comments, so I tried to leave the following rhetort in the "Comments" section of the article, but it doesn't appear to be working, so I'm pasting it here:

Quote

"But Bitcoin does not generate any cash flows."

Likewise, the dollar doesn't generate any cash flows. Why would I convert my bitcoins to dollars if dollars can't generate a cash flow? Bitcoin is cash. Would you rather your cash be of the debt-based fiat variety or one that can't be quantitatively eased, counterfeited, confiscated, redistributed, etc....

Later, I'll try to copy and paste it in the "Comments" section of the article.

sunnankar

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Quote from: cypherdoc on April 03, 2013, 12:49:59 PM

that WAS a really good article.

amazing how Blodget recovered and made his comeback after all he went thru.

he genuinely seems like a nice guy.

He is just the typical hack. The reason BI has been running so many Bitcoin articles is largely because Blodget like bought a bunch of bitcoins recently and/or the VCs who are funding his money losing operation have bought a bunch of bitcoins recently and want articles written to stimulate demand.

grondilu

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Quote from: pyra-proxy on April 03, 2013, 01:03:54 PM

Quote from: cypherdoc on April 03, 2013, 12:31:10 PM

Quote from: grondilu on April 03, 2013, 12:11:57 PM

There is a fundamental value for bitcoin: Silk Road.

its so much bigger than that.

There is a fundamental value for bitcoin: Freedom.

+1 that, and what price do you put on Freedom? To infinity and beyond :-)

It might sound nice and cool to say that bitcoin is backed by economic freedom, but it's more rhetoric than anything. Let's be practical, shall we?

Also, gold was a mean for economic freedom much before bitcoin. Alan Greenspan himself wrote it long ago: http://constitution.org/mon/greenspan_gold.htm

pyra-proxy

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Quote from: cypherdoc on April 03, 2013, 12:31:10 PM

Quote from: grondilu on April 03, 2013, 12:11:57 PM

There is a fundamental value for bitcoin: Silk Road.

its so much bigger than that.

There is a fundamental value for bitcoin: Freedom.

+1 that, and what price do you put on Freedom? To infinity and beyond :-)

Piper67

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Quote from: cypherdoc on April 03, 2013, 12:57:27 PM

Quote from: Piper67 on April 03, 2013, 12:55:04 PM

Quote from: cypherdoc on April 03, 2013, 12:31:10 PM

Quote from: grondilu on April 03, 2013, 12:11:57 PM

There is a fundamental value for bitcoin: Silk Road.

its so much bigger than that.

There is a fundamental value for bitcoin: Honesty ~~Freedom~~.

FTFY

in the sense that Honesty leads to Freedom, i'd concur with that.

Hey, let's just agree to agree Cheesy

cypherdoc

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Quote from: Piper67 on April 03, 2013, 12:55:04 PM

Quote from: cypherdoc on April 03, 2013, 12:31:10 PM

Quote from: grondilu on April 03, 2013, 12:11:57 PM

There is a fundamental value for bitcoin: Silk Road.

its so much bigger than that.

There is a fundamental value for bitcoin: Honesty ~~Freedom~~.

FTFY

in the sense that Honesty leads to Freedom, i'd concur with that.

Piper67

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Quote from: cypherdoc on April 03, 2013, 12:31:10 PM

Quote from: grondilu on April 03, 2013, 12:11:57 PM

There is a fundamental value for bitcoin: Silk Road.

its so much bigger than that.

There is a fundamental value for bitcoin: Honesty ~~Freedom~~.

FTFY

cypherdoc

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that WAS a really good article.

amazing how Blodget recovered and made his comeback after all he went thru.

he genuinely seems like a nice guy.

cypherdoc

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Merit: 1002

Quote from: grondilu on April 03, 2013, 12:11:57 PM

There is a fundamental value for bitcoin: Silk Road.

its so much bigger than that.

There is a fundamental value for bitcoin: Freedom.

grondilu

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Merit: 1080

There is a fundamental value for bitcoin: Silk Road. For bitcoin is the only currency that can be used there.

To me, Silk Road is to bitcoin what jewelry is to gold.

n8rwJeTt8TrrLKPa55eU

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I lost all respect for Blodget in the 90s, but must admit this is a great article full of good insight.

http://www.businessinsider.com/im-raising-my-bitcoin-price-target-to-400-2013-4

Quote

The odds Bitcoin speculators are looking at are similar to the odds early Internet speculators were looking at:

The most you can lose is 100% of your bet.

The most you can make, meanwhile, is theoretically unlimited.

And in some circles, assuming only a limited amount of capital is wagered, those odds are what might be described as a "good bet."

Topic: 2013-04-03 Henry Blodget: I'm Raising My Bitcoin Price Target To $400 (Read 1233 times)