Are we the "Berkshire Hathaway" stock holders of the future? - page 3.

BittBurger

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Quote from: Sindelar1938 on April 29, 2014, 08:31:40 PM

Not sure bitcoin will have that kind of long term durability

Maybe you're viewing it like a company then.

When I think of the future of Bitcoin, I think of a million new innovations coming which may be better than it. But I still see it being incorporated into a foundational layer of the new digital economy. Part of the very fabric of what is coming in the future, which will have many layers. I still believe it will be the grand daddy of them all. I don't see any reason why it would just "poop out" completely. Companies do that. The internet doesn't poop out after awhile. Why would Bitcoin.

-B-

Sindelar1938

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Not sure bitcoin will have that kind of long term durability

counter

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Time is on our side, yes it is!

I would be a good way to invest into your retirement. Either way it is a good investment.

BittBurger

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Im going to be so friggen old in 34 years Sad

-B-

Raxe.io

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Interesting analysis. As far as I see it Bitcoin is a solid idea, as exposure has increased so has the price this is due to belief in the actual technology. So yeah you could be right.

bitcasino

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Bitcoin will never pay dividends Cry

BittBurger

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If you purchased Berkshire Hathaway stock in 1980 you would have paid $200 for a share.
This stock is now worth $192,000 per share. Yet it took 34 years to get there.

See this: http://finance.yahoo.com/echarts?s=BRK-A+Interactive#symbol=BRK-A;range=1d
Click "Max" for the range.

From March 1981 to Aug 1982 it didn't move a penny. Sat at about $500 for the entire year.
From October 1984 to October 1985 it didn't move a penny. Sat at $1300 for the entire year.

Those of us annoyed by the lack of price increases lately - need to get some perspective.

$200,000 is a possibility. But 1 year with no price increase is perfectly in line with "how things play out" sometimes ...

-B-

Topic: Are we the "Berkshire Hathaway" stock holders of the future? - page 3. (Read 4194 times)