it is not game over, but it is not time to buy or hold. based on all the fundamentals, bitcoin is worth A LOT LESS than 94x the dollar. Until oil(or major commodity) is sold for bitcoin, this is a speculative price that has no basis in reality.
I also think a bitcoin can be worth 0 dollars and still not be game over.
1 bitcoin can be worth 1 barrel of oil.
a dollar is worthless. . . a bitcoin is a global currency and is worth way more than 200 dollars.
Currency only has value if you can actually buy things.
Other than gambling and drugs, there isn't much you can currently buy with bitcoins.
I get so sick of hearing this.
Bitcoinstore.com has over half a million products, 90% of which I can't find cheaper elsewhere.
Coinabul.com, bitcoincommodities.com sell precious metals at decent prices
Foodler.com, pizza4coins.com delivers food to your door
Those are just off the top of my head. There are many more. I pay for 95% of my online purchases with Bitcoin.
Bitcoinstore.com: "Lifetime Sales:$536,732 / 6,239 BTC." More money passes through a walmart in a dead mall. IN A DAY.
Coinabul.com, bitcoincommodities.com sell precious metals at decent prices: If Bitcoin is a sound store of value, why would anyone bother with precious metals? Irrelevant.
Foodler.com: Instantly converts your Bitcoin to USD. Sells nothing/makes nothing. Protip: Sell your Bitcoin for USD -- order from *any* restaurant/pay on delivery.
Pizza4coins.com: Dead. No pizza for me.
TL;DR: Sorry, i can only think of two scenarios where Bitcoin is more convenient than $: SR & gambling. Possibly laundering money, though i wouldn't know.
bitcoinstore- only a few months old, growing steadily
When it grows up, i'll consider it. Till that happy time -- $ is way simpler.
precious metals- ever heard of diversification
Sure have. Though if you're sure, why would you want to hedge your bet? Or... Are you not so sure?
foodler.... it's cheaper than converting to USD first
Huh? You're saying that the only reason i have for using Bitcoin is the fact that it'll cost me money to cash out of Bitcoin
There's a strong endorsement!
pizzaforcoins.com.... sorry, wrong url... like I said, off the top of my head
But, keep yourself painted in the drugs and gambling box. It will make coins cheaper for me.
So, you're saying you're still not all in? You're ... waiting for cheaper coin? Do you realize how much this sort of thing hurts Bitcoin valuation?
Oh wait, if bitcoin is only god for drugs and gambling in your mind, why are you here? Are you a gambler or a drug addict?
What a strange thing to ask. Is this the sort of research you do before investing your money?