Topic: Bears, it's over. - page 2. (Read 3478 times)
Bulls, I would just like to remind you that the Cnet article "A guide to the future of currency" coincided with the 2011 bubble peak.
That is why price is still hovering around $18. When Bitcoin becomes so simple that average joe is able use just like credit card, we will be seeing price a lot higher than this.
Easily $10k per BTC.
Bitcoin is not more difficult to use than banks or credit cards. Converting between bitcoin and fiat is another matter entirely.
This is just your single opinion. Tell that to the average joe who only knows how to check his email and nothing more.
Bitcoin needs to reach Mr. Average Joe in order to go mainstream and completely viral.
Of course it's only my opinion, but I've seen how banks and CC issuers operate, and their requirements and procedures are, partly as a result of government regulation, far more involved than installing a BTC wallet.
The 'average joe' seems to know, even if only a little, how to bank online and how to log into social media on mobile devices. Or am I missing something obvious? I agree that Bitcoin isn't dummy-level stuff, though, but nor does it require Einsteinian intelligence or a PhD.
In case you missed my point:
The average joe knows how to use a credit card and how to go to the bank to get money (i.e atm). Bitcoin isn't that simple...yet. So yes it is more difficult to use than the current way people are used to banking.
That is why price is still hovering around $18. When Bitcoin becomes so simple that average joe is able use just like credit card, we will be seeing price a lot higher than this.
In case you missed my point:
The average joe knows how to use a credit card and how to go to the bank to get money (i.e atm). Bitcoin isn't that simple...yet. So yes it is more difficult to use than the current way people are used to banking.
The average joe knows how to use a credit card and how to go to the bank to get money (i.e atm). Bitcoin isn't that simple...yet. So yes it is more difficult to use than the current way people are used to banking.
If we include the conversion of fiat to BTC as part of the Bitcoin process, then yes, I agree with you.
Bitcoin is not more difficult to use than banks or credit cards. Converting between bitcoin and fiat is another matter entirely.
This is just your single opinion. Tell that to the average joe who only knows how to check his email and nothing more.
Bitcoin needs to reach Mr. Average Joe in order to go mainstream and completely viral.
Of course it's only my opinion, but I've seen how banks and CC issuers operate, and their requirements and procedures are, partly as a result of government regulation, far more involved than installing a BTC wallet.
The 'average joe' seems to know, even if only a little, how to bank online and how to log into social media on mobile devices. Or am I missing something obvious? I agree that Bitcoin isn't dummy-level stuff, though, but nor does it require Einsteinian intelligence or a PhD.
In case you missed my point:
The average joe knows how to use a credit card and how to go to the bank to get money (i.e atm). Bitcoin isn't that simple...yet. So yes it is more difficult to use than the current way people are used to banking.
Bitcoin is not more difficult to use than banks or credit cards. Converting between bitcoin and fiat is another matter entirely.
This is just your single opinion. Tell that to the average joe who only knows how to check his email and nothing more.
Bitcoin needs to reach Mr. Average Joe in order to go mainstream and completely viral.
Of course it's only my opinion, but I've seen how banks and CC issuers operate, and their requirements and procedures are, partly as a result of government regulation, far more involved than installing a BTC wallet.
The 'average joe' seems to know, even if only a little, how to bank online and how to log into social media on mobile devices. Or am I missing something obvious? I agree that Bitcoin isn't dummy-level stuff, though, but nor does it require Einsteinian intelligence or a PhD.
Bitcoin is not more difficult to use than banks or credit cards. Converting between bitcoin and fiat is another matter entirely.
This is just your single opinion. Tell that to the average joe who only knows how to check his email and nothing more.
Bitcoin needs to reach Mr. Average Joe in order to go mainstream and completely viral.
In other words facebook needs to integrate it for some reason :-)
Bitcoin is not more difficult to use than banks or credit cards. Converting between bitcoin and fiat is another matter entirely.
This is just your single opinion. Tell that to the average joe who only knows how to check his email and nothing more.
Bitcoin needs to reach Mr. Average Joe in order to go mainstream and completely viral.
That is why I called it correction earlier.
Bitcoin is not more difficult to use than banks or credit cards. Converting between bitcoin and fiat is another matter entirely.
Yes, the CB's are doomed and Bitcoin will rise like a Phoenix.
Let's not be hasty. I think Bitcoin is on the way up, but no matter the usefulness of bitcoins, government-issued currency can do certain useful things bitcoins can't. Legally unambiguous settlement of debt or tax obligations, for example.Also, doesn't "rising like a phoenix" imply that Bitcoin will have to die first?
$32-->$1.98 was it's death, albeit premature.
Hard to call it a death, really, when it was still over 100% higher at that lowest point than it had been at the start of the year
Quote
Pyramid game, payment system for illicit goods, swindles, massive valuation gyrations, hackable code, difficult to use, and anonymous "managers" that we are supposed to trust
Someone with no idea how Bitcoin works has a lot to say.
...
https://twitter.com/Corbenic
Just some CEO of a failing venture capital company.
Quote
Pyramid game, payment system for illicit goods, swindles, massive valuation gyrations, hackable code, difficult to use, and anonymous "managers" that we are supposed to trust
Someone with no idea how Bitcoin works has a lot to say.
Pyramid game
Reward for work is not a pyramid. Neither is the ability to send money.
payment system for illicit goods
As are most currencies.
swindles
Again, not unique/a fault of Bitcoins.
massive valuation gyrations
This is true. But it's still around and going strong, unlike other wildly fluctuating currencies.
hackable code
One does not simply "hack", SHA256
difficult to use
Kinda true, it's less convenient than traditional payments methods.
anonymous "managers" that we are supposed to trust
NO! There are no "managers" of bitcoin. The only person who manages your BTCs is YOU. If you leave them lying around unprotected, or give them to someone who rips you off, it's your own fault.
Yes, the CB's are doomed and Bitcoin will rise like a Phoenix.
Let's not be hasty. I think Bitcoin is on the way up, but no matter the usefulness of bitcoins, government-issued currency can do certain useful things bitcoins can't. Legally unambiguous settlement of debt or tax obligations, for example.Also, doesn't "rising like a phoenix" imply that Bitcoin will have to die first?
$32-->$1.98 was it's death, albeit premature.
Yes, the CB's are doomed and Bitcoin will rise like a Phoenix.
Also, doesn't "rising like a phoenix" imply that Bitcoin will have to die first?
See the 2011 bubble and crash.
Yes, the CB's are doomed and Bitcoin will rise like a Phoenix.
Let's not be hasty. I think Bitcoin is on the way up, but no matter the usefulness of bitcoins, government-issued currency can do certain useful things bitcoins can't. Legally unambiguous settlement of debt or tax obligations, for example.Also, doesn't "rising like a phoenix" imply that Bitcoin will have to die first?
Wow, great find!
Yes, the CB's are doomed and Bitcoin will rise like a Phoenix.
Yes, the CB's are doomed and Bitcoin will rise like a Phoenix.
I'm sorry. May god have mercy on your soul.
http://www.bloomberg.com/news/2013-01-28/bitcoin-s-gains-may-fuel-central-bank-concerns-chart-of-the-day.html
http://www.bloomberg.com/news/2013-01-28/bitcoin-s-gains-may-fuel-central-bank-concerns-chart-of-the-day.html
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