Topic: Bitcoin: Should you stay or should you go? - page 27. (Read 34212 times)

imagine how   can feel now this man , like  who had  10k btc and sold them all when they were worth a few dollars...
frustrating

Without a defining killer app, I am confident that Bitcoin will, in fits and starts, inevitably return to its 2009 levels. It would be pointless to guess how long that process will take; or when that killer app will appear although I am also confident it will appear at some entirely unpredictable point.

I'm easily old enough to remember the very early days of personal computers. I remember a story from The Wall Street Journal in which a reporter interviewed a small-business owner (I think an auto-repair shop) who had bought an Apple II. The reporter asked the man what he thought of his purchase. The man stared glumly at the Apple for a moment and then sourly commented: "The damn thing just sits there."

Exactly. The world was just never going to buy into a command-prompt environment in a really big way. But the Mac came along and then the world began to change. (Be like the Mac! Bill Gates commanded his troops developing Windows 95.) And so it will be with Bitcoin. The world will never buy into it until an environment comes along that makes it easier, safer, and a lot more fun to use. Until then, the price will suffer periodic whale-dumps and then sort of bounce, spurt, and finally just roll along long enough for people to start talking (again) about "Bitcoin's recent price stability." And then yet another whale-dump will splash the water and the retroactively obvious cycle will begin again.

If you decide to go, then you will miss out on the killer app that will send Bitcoin to the moon and beyond. If you decide to stay, then you will watch the value of your stash just ebb away before your eyes. That choice defines your control.

As for me, for now I'm going to stay. But I've got Coinbase and can go in a second. That could happen at any time too.

[Comment added June 23, 2015:

My conclusion: stay. The blockchain itself will be the killer app upon which all other apps and bitcoins' fiat value will depend.]

like apple stock sad story he did not have the patience for it
http://www.fool.com/investing/general/2013/04/01/the-sad-tale-of-a-forgotten-apple-co-founder-and-h.aspx

I somewhat agree. Just like the world wasn't ready for personal computers, the world isn't ready for Bitcoin just yet, but when it is, you'll regret not having a bunch of them.

how do you pay your bills with bitcoin, and what bills are you talking about.
yes, you can earn bitcoin in different ways, or profit from trading and exchange with fiat and pay the bills but not directly with bitcoin.

The reason for they aren't ready for bitcoin yet is that, they are still unknown about the value of Bitcoin. I think bitcoin needs more media attraction and marketing. I am sure as soon as public get enlightened about bitcoin gold value and its secure transactions, definitely they are going to love it, if not they will surely regret for missing such digital gold.

the party is just starting. if bitcoin becomes the world's currency, their amazing secret to untold riches is simply to hold

I somewhat agree. Just like the world wasn't ready for personal computers, the world isn't ready for Bitcoin just yet, but when it is, you'll regret not having a bunch of them.

bitcoin is just another way to pay bills for things the difference is low fees and the the products can be bought as well as sold,to only accept bitcoin would mean a huge risk since it can easy loose worth as gain lol soo better as another great option to pay .

bitcoin is just another way to pay bills for things the difference is low fees and the the products can be bought as well as sold,to only accept bitcoin would mean a huge risk since it can easy loose worth as gain lol soo better as another great option to pay .

I support bitcoin because i dislike the current economic fiat based slave paper