It seems clear to me that BTC will hit the big(ger) time and relatively soon.
Bitcoin is always getting bigger and better. You don't need to wait for "soon". If you expect "bigger" also means higher prices, you need to wait a bit.
Topic: Am I missing something? (or is BTC destined for greatness and soon) - page 3. (Read 3209 times)
October 27, 2014, 12:05:15 PM
Bitcoin is always getting bigger and better. You don't need to wait for "soon". If you expect "bigger" also means higher prices, you need to wait a bit.
October 27, 2014, 11:57:37 AM
It seems clear to me that BTC will hit the big(ger) time and relatively soon. But some folks (who do seem to have a good understanding of it) hold the exact opposite opinion. Am I buying into the hype? Besides regulation (which I don't think will end up being a problem in the Land of Innovation and many other countries), how else could BTC go wrong and turn out to be the fad some say it is.
The major acception by merchants is positve and negative. Positive for Bitcoin adoption, negative for exchange rate, big companies dump the earned bitcoin in stead of holding because allmost all other biznis uses fiat. As long as there are no real option for companies to spend their bitcoins, this will continue.. unless the group of bitcoiners gets much larger
, so spread the word 
October 27, 2014, 11:55:36 AM
Check out what has transpired over the last 12 months: Massive rise, massive Goxxing, banned /unbanned / banned in China, NYDFS regs proposal, the rise of shorting, Moolah / Mintpal debacle, Russia 'ban', Australia possible 2x GST, Satoshi (Dorian & email hack), continued FUD, attacked in media, Professor Bitcorn, Schiff/Buffet et al 'Ponzi scheme', PayPal, dumps on good news.
2014 has been the year bitcoin stood up. It has been attacked from all sides, knocked from pillar to post and told 'Welcome to the Big League, son'.
But it still stands.
And slowly the narrative is changing.
We've seen the labels: drug dealing, money laundering, ponzi scheme, pyramid scheme, magic internets money. Now we've moved on to the point that says "Yeah this blockchain certainly is something. God darn great innovation. Lets just get rid of the 'meh' currency and keep this blockchain thing".
Next will be the step where entire industries jump on board. I'd say it is about a year off.
2014 has been the year bitcoin stood up. It has been attacked from all sides, knocked from pillar to post and told 'Welcome to the Big League, son'.
But it still stands.
And slowly the narrative is changing.
We've seen the labels: drug dealing, money laundering, ponzi scheme, pyramid scheme, magic internets money. Now we've moved on to the point that says "Yeah this blockchain certainly is something. God darn great innovation. Lets just get rid of the 'meh' currency and keep this blockchain thing".
Next will be the step where entire industries jump on board. I'd say it is about a year off.
October 27, 2014, 11:49:01 AM
It seems clear to me that BTC will hit the big(ger) time and relatively soon. But some folks (who do seem to have a good understanding of it) hold the exact opposite opinion. Am I buying into the hype? Besides regulation (which I don't think will end up being a problem in the Land of Innovation and many other countries), how else could BTC go wrong and turn out to be the fad some say it is.
It really all depends on where in the adoption curve we are...
One thing this graphic left out is that innovation can be represented as an arrow straight across the bottom.
---------->>>
As innovation increases so does the rate of adoption.
My belief is that we are currently somewhere around the late "Innovators" or early "Early Adopters" phase.
Determining where bitcoin is on the adoption curve is really up to you.
Prediction is difficult, especially about the future.
October 27, 2014, 11:48:04 AM
Besides regulation, why *wouldn't* it go big?
October 27, 2014, 11:43:10 AM
The ones that are bearish and "abandoning ship" are probably the ones that got in at the high, got goxed, or merely thought of Bitcoin as a get rich scheme.
The ones that remain bullish are holding coins steady through thick and thin. The same ones that view it as an innovation, a versatile payment method, and the (crypto)currency of the future.
Time will tell who's right, but looking at it objectively, Bitcoin is only 5 years young. Gots a long ways to go.
The ones that remain bullish are holding coins steady through thick and thin. The same ones that view it as an innovation, a versatile payment method, and the (crypto)currency of the future.
Time will tell who's right, but looking at it objectively, Bitcoin is only 5 years young. Gots a long ways to go.
October 27, 2014, 11:41:13 AM
OK cool, these are the kinds of responses I was hoping for. Of course it isn't perfect, but the question on my mind is will it go big or does it have a fatal flaw that will snuff it out?
October 27, 2014, 11:39:33 AM
Bitcoin will
Not be big anytime soon. Im throwing my towel. I cant wait 3 ,5 years to ho to the "moon"
Not be big anytime soon. Im throwing my towel. I cant wait 3 ,5 years to ho to the "moon"
Moon for me will be when price stays between $1000 and $1050 99% of the time. That would be incredible!
October 27, 2014, 11:37:24 AM
Bitcoin will
Not be big anytime soon. Im throwing my towel. I cant wait 3 ,5 years to ho to the "moon"
Not be big anytime soon. Im throwing my towel. I cant wait 3 ,5 years to ho to the "moon"
October 27, 2014, 11:27:20 AM
It seems clear to me that BTC will hit the big(ger) time and relatively soon. But some folks (who do seem to have a good understanding of it) hold the exact opposite opinion. Am I buying into the hype? Besides regulation (which I don't think will end up being a problem in the Land of Innovation and many other countries), how else could BTC go wrong and turn out to be the fad some say it is.
Contrary to what a lot of people here will tell you bitcoin is not perfect and it can be improved a lot.
October 27, 2014, 10:48:18 AM
It seems clear to me that BTC will hit the big(ger) time and relatively soon. But some folks (who do seem to have a good understanding of it) hold the exact opposite opinion. Am I buying into the hype? Besides regulation (which I don't think will end up being a problem in the Land of Innovation and many other countries), how else could BTC go wrong and turn out to be the fad some say it is.
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