This IS a bubble, and there will be a huge crash
Proof by assertion?
Topic: buttcoin.org - page 3. (Read 9336 times)
Proof by assertion?
pipe down on bubble rhetoric m8, neither public not institutional investors have not hear a pip about bitcoin yet. The chart on that site (which I BTW posted here on forum long before it got to that site) kind of demonstrates that this bubble still has long time to inflate further...
anyway Bitcoin is a singularity not just a bubble.
anyway Bitcoin is a singularity not just a bubble.
oh i agree... I'm not selling by any means.. im buying.. i think the price goes over 100$.. still early phase. This is a bubble in its very early phase.. and even after it pops, there will be a dead cat bounce at which point i will sell.
pipe down on bubble rhetoric m8, neither public not institutional investors have not heard a pip about bitcoin yet. The chart on that site (which I BTW posted here on forum long before it got to that site) kind of demonstrates that this bubble still has long time to inflate further...
anyway Bitcoin is a singularity not just a bubble.
anyway Bitcoin is a singularity not just a bubble.
They must have sold all their coins @ $1.50.
As I said in another thread... taking a person or something's name and inserting a word like butt to try to make a joke is funny if you're 12. I'm going to put myself out there and say that whoever put that site together has an IQ of maybe 80.
heh heh... buttcoin
As I said in another thread... taking a person or something's name and inserting a word like butt to try to make a joke is funny if you're 12. I'm going to put myself out there and say that whoever put that site together has an IQ of maybe 80.
heh heh... buttcoin
I appreciate good satire, but this site really doesn't run as far as it could with the concept. Comedy is hard, I guess.
He also fails to mention the cycle of new ideas/products that end up as world-changing events. They are first told it is impossible, then they are mocked and ridiculed, and finally given reluctant credit as the obvious implications unfold. Short-sighted people always find it easier to deconstruct something than do their own research into the plausible applications of something new.
As others have said, bitcoin as a first attempt may not succeed - but the fundamental idea of a crypto-currency will. I have a hunch it will be the right combination the first time, with successive refinements to the core idea as time goes on.
He also fails to mention the cycle of new ideas/products that end up as world-changing events. They are first told it is impossible, then they are mocked and ridiculed, and finally given reluctant credit as the obvious implications unfold. Short-sighted people always find it easier to deconstruct something than do their own research into the plausible applications of something new.
As others have said, bitcoin as a first attempt may not succeed - but the fundamental idea of a crypto-currency will. I have a hunch it will be the right combination the first time, with successive refinements to the core idea as time goes on.
actually its you who doesnt get the concept of a bubble. You are spouting the classic 'this time its different' line. Everything you said can be perfectly true and still lead to a bubble, actually most bubbles are founded in very real and accurate logic.. 'tech is the future', 'god aint makin' anymore land' etc the problem is when price action accumulates years of "new paradigm" in a matter of a few weeks/months, and the collapse is not necessarily caused by the failure of a technology to live up to the promise, its true cause is PANIC, people simply can not watch millions of dollars go to 0 without selling, and no matter how intelligent a crowd is if a fire starts, they will trample each other to death.
This IS a bubble, and there will be a huge crash, but that DOES NOT mean that bitcoins are a failure, it will just take longer for it to happen. I mean tech didnt go away.. eventually amazon.com did live up to the promise of 2001. IT just didnt do it in in 3 weeks while the public was panic buying to get rich.
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I appreciate good satire, but this site really doesn't run as far as it could with the concept. Comedy is hard, I guess.
He also fails to mention the cycle of new ideas/products that end up as world-changing events. They are first told it is impossible, then they are mocked and ridiculed, and finally given reluctant credit as the obvious implications unfold. Short-sighted people always find it easier to deconstruct something than do their own research into the plausible applications of something new.
As others have said, bitcoin as a first attempt may not succeed - but the fundamental idea of a crypto-currency will. I have a hunch it will be the right combination the first time, with successive refinements to the core idea as time goes on.
He also fails to mention the cycle of new ideas/products that end up as world-changing events. They are first told it is impossible, then they are mocked and ridiculed, and finally given reluctant credit as the obvious implications unfold. Short-sighted people always find it easier to deconstruct something than do their own research into the plausible applications of something new.
As others have said, bitcoin as a first attempt may not succeed - but the fundamental idea of a crypto-currency will. I have a hunch it will be the right combination the first time, with successive refinements to the core idea as time goes on.
There is no evidence of any institutional investors participating in the market yet. Our software is still in beta. We are still the smart money.
very nice, i like this chart 
Silly, but telling.
This is a widely held perception which will imperil bitcoin in this crucial incubatory phase.
It also shows to what degree the community has failed in honestly and clearly explaining what bitcoin is.
This is a widely held perception which will imperil bitcoin in this crucial incubatory phase.
It also shows to what degree the community has failed in honestly and clearly explaining what bitcoin is.
I've seen it. Very silly.
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