Topic: Bitcoin, a new currency - page 2. (Read 1595 times)

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: wopwop on November 20, 2013, 02:56:14 PM

let me pop that bubble for ya: it's not the money of the future

that doesn't mean you can make great money from naive people though Cheesy

it is money of the future

if you can't see that, i'm sorry for you...

wopwop

sr. member

Activity: 252

Merit: 250

let me pop that bubble for ya: it's not the money of the future

that doesn't mean you can make great money from naive people though Cheesy

fragout

legendary

Activity: 1279

Merit: 1018

I am believer but one thing bothers me after the last weeks crazy price increases. Two of bitcoins main selling points is ease of transfer from one party to another and low fees. It will be great for merchants and consumers etc, but the fact is that any1 who has spent bitcoin since its birth has lost money. They would have been better off holding on to them.
So in theory, you would imagine that more and more people will not spend bitcoin in the future and begin hoarding. This will drive up the price further for a time as supply runs dry (miners will hoard too of course).
So this leaves us only with digital gold with the only people buying are speculators and they too will become disillusioned as the promise of bitcoin taking on credit cards, cash, bank transfers western union fade.
Im sure this has been discussed many times here, but I had no good answer to a few doubters I ran into today
Also when they say bubble, responce ?

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