Topic: 2013-04-07 Phys.org: As Bitcoin virtual currency soars, bubble fears do too (Read 1004 times)

True^21000000

Bubble fear is a good thing from where I am sitting. It slows things down a bit and allows me to invest more before the price goes even higher, which I believe it will.

A VERY small percentage of the population knows about bitcoin. *

People are finding out about bitcoin at an exponentially increasing rate.

Of those people, the majority will react like this:

       "I don't understand this, KILL IT WITH FIRE!!!"

        "Flerbity shnergin Ponzi scheme, blah blah Bubble, unsustainable."

         "...but but but I can't touch that because it is not real, blah."


then a very small percentage of the people who do hear about bitcoin will actually go online, read about it, wrap their brain around the concept of bitcoin, how it works and what values it offers, and some of them, if they can afford to and feel that either A) they can cash in on the growth curve or B) they believe in Bitcoin long term, will get involved.

If it wasn't for the shit scared, "run for the hill" morons, bitcoin would be $1000 a piece right now, and I'd rather invest more at a comfortable pace while having additional time to research and analyze the alt currency market.

- superdork



* The most individual users in a single day, as of a few days ago was 86,000. That is roughly 0.0013% of the population of the planet. Plenty of room to grow.

Great point. I didn't think of that.

Actually they are serving a useful purpose, vocalising the depth of the "wall of worry" that is out there

All those not invested and screaming bubble shut up as soon as they buy some, when those noises stop will be when we are getting close to the top of this particularly epic wall.

All the people who cry bubble should just stay out.
The only people who can have "bubble fears" are those who are fully invested and think they need to sell some BTC. That is a perfectly reasonable economic decision. Any amount of hand-wringing by people without BTC is just background static.

Some call it the most famous pizza purchase in history: In May 2010, a programmer called Laszlo asked an online forum if anyone would buy him a couple of pies in exchange for 10,000 Bitcoins, an experimental online currency launched in 2009.

Read more at: http://phys.org/news/2013-04-bitcoin-virtual-currency-soars.html#jCp