Topic: Bitcoin Article in Bloomberg/BusinessWeek soon (Read 2458 times)
the article left out one of the most important points: 21 milion limit. In fact the implication of the article is that more mining = more coins.
I can see him now yelling about the difficulty rising.
Mainstream will be when apple creates the Iwallet.
This needs a bump IMO.
It's not mainstream until it's on the front page of drudgereport.com.
What everyone seems to miss in the past correction and subsequent rise in value is bitcoin has already demonstrated its resiliency in the face of outright panic. For whatever reason, those that dumped their btc haven't been able to push it under the 10 - 15 range. This means something in the longer-term.
Again, if it was a 'bubble' (which is a term so many people over-use without even knowing what the hell it is), we'd be sitting here all shocked at how we're under dollar parity and trading at 0.50. This did not happen. If the big size orders were going to slam the market down, it would've been during the decline -- and it wouldn't have stopped, if this market was truly all vapor and hype.
It isn't.
The idea isn't.
This technology has the potential to change the world, and I can't stand those with simple constitutions or lack of trading discipline selling bitcoin short. If you don't agree, then please - liquidate, I could certainly use the bargain.
Again, if it was a 'bubble' (which is a term so many people over-use without even knowing what the hell it is), we'd be sitting here all shocked at how we're under dollar parity and trading at 0.50. This did not happen. If the big size orders were going to slam the market down, it would've been during the decline -- and it wouldn't have stopped, if this market was truly all vapor and hype.
It isn't.
The idea isn't.
This technology has the potential to change the world, and I can't stand those with simple constitutions or lack of trading discipline selling bitcoin short. If you don't agree, then please - liquidate, I could certainly use the bargain.
That's what I'm thinking as well, how much mainstream it is. Once I have read somewhere 'if something has hit the news already, than you are already late' and I don't know how much it is true here. And there is the other question what the general perception of it will be or what the media will want it to be.
I think the recent price drop must have something to do with the fact that some governmental entities expressed their negative view on it. They try to ride this 'you can buy drugs with it' wave with which they have a reasonable chance to succeed to some degree. In my opinion it is a danger and the 'down with the fed' and similar rebellious views of some members of the community are not any help either. One can never be sure what is in the background and the core motives may be different from the ones that are visible on the surface. Like I am not sure how much the war against terrorism is connected with oil for example, I am just saying this as an example.
This is not strictly connected, but comes to my mind the mentions about it being in a bubble too. Everything is relative! Like there are these charts about bubbles etc. on time frames spanning tens of years. Now here we see a spike in the first year of the existence of Bitcoin and some people are talking about a bubble? It may be a bubble indeed. Or if this thing is going to survive and we zoom out for let's say 10-20 years, then this so thought local bubble may become even unnoticeable, something that the general viewer, the 'late adopter' won't even know about.
I think the recent price drop must have something to do with the fact that some governmental entities expressed their negative view on it. They try to ride this 'you can buy drugs with it' wave with which they have a reasonable chance to succeed to some degree. In my opinion it is a danger and the 'down with the fed' and similar rebellious views of some members of the community are not any help either. One can never be sure what is in the background and the core motives may be different from the ones that are visible on the surface. Like I am not sure how much the war against terrorism is connected with oil for example, I am just saying this as an example.
This is not strictly connected, but comes to my mind the mentions about it being in a bubble too. Everything is relative! Like there are these charts about bubbles etc. on time frames spanning tens of years. Now here we see a spike in the first year of the existence of Bitcoin and some people are talking about a bubble? It may be a bubble indeed. Or if this thing is going to survive and we zoom out for let's say 10-20 years, then this so thought local bubble may become even unnoticeable, something that the general viewer, the 'late adopter' won't even know about.
I don't think it has hit mainstream media yet but it's working its way up. Wait until bitcoin hits the front page of cnn.com or drudgereport.com. Then the words 'bitcoin' will come out of Tom Brokaw's mouth.
Are you serious? How much more mainstream than this http://www.economist.com/blogs/babbage/2011/06/virtual-currency could it get in terms of financial/business publications. Widespread: granted, but ´reputable/respected´ I do believe the pinnacle has been reached(incidentally with a fairly balanced article).
Ummm, msnbc? Jim Cramer? Wall Street Journal?
As I said: Widespread: granted! (i.e. : you have a point in terms of distribution)
Ummm, msnbc? Jim Cramer? Wall Street Journal?
Oh lord no, not Jim "Mad Money" Cramer. That guy is the kiss of death. I hope he hates it, that would give a nice contrarian boost
I don't think it has hit mainstream media yet but it's working its way up. Wait until bitcoin hits the front page of cnn.com or drudgereport.com. Then the words 'bitcoin' will come out of Tom Brokaw's mouth.
Are you serious? How much more mainstream than this http://www.economist.com/blogs/babbage/2011/06/virtual-currency could it get in terms of financial/business publications. Widespread: granted, but ´reputable/respected´ I do believe the pinnacle has been reached(incidentally with a fairly balanced article).
Ummm, msnbc? Jim Cramer? Wall Street Journal?
I recommend hoarding bitcoins at the moment. I know it seems counterintuitive to your quick fix gains; but once those wall street goons hear about this they'll be jumping ship to be the first to get their grubby billionaire hands on all the bitcoins they can see.
What happens if a couple of ForDex users with, say, a million dollars want BTC? Does the price shoot up?
It's an Economist blog, not really a detailed story with analysis.
I don't think it has hit mainstream media yet but it's working its way up. Wait until bitcoin hits the front page of cnn.com or drudgereport.com. Then the words 'bitcoin' will come out of Tom Brokaw's mouth.
Are you serious? How much more mainstream than this http://www.economist.com/blogs/babbage/2011/06/virtual-currency could it get in terms of financial/business publications. Widespread: granted, but ´reputable/respected´ I do believe the pinnacle has been reached(incidentally with a fairly balanced article).
I have made 463 posts, I'm a senior forum member, I run my own bitcoin blog since last year and no respect? Oh well...I know you're just kidding...I think.
I don't think it has hit mainstream media yet but it's working its way up. Wait until bitcoin hits the front page of cnn.com or drudgereport.com. Then the words 'bitcoin' will come out of Tom Brokaw's mouth.
I don't think it has hit mainstream media yet but it's working its way up. Wait until bitcoin hits the front page of cnn.com or drudgereport.com. Then the words 'bitcoin' will come out of Tom Brokaw's mouth.
And now there is someone in it that doesn't. 
There's someone in this thread who want to sell his bitcoins 
I have a source that says a Bitcoin article will be in Bloomberg/Businessweek in the next publication. There may be a pic of memorydealer.com's sign in it. Just wanted to let ya'll know...
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