"Fear grows that the bitcoin boom could crash" - The Seattle Times

b!z

legendary

Activity: 1582

Merit: 1010

Quote from: deadweasel on April 08, 2013, 09:08:20 AM

Quote from: NamelessOne on April 08, 2013, 09:06:04 AM

Quote from: dakiller on April 08, 2013, 08:10:10 AM

Simply painful to read, full of hyperbole

"this mysterious money has become the darling of anti-government libertarians and computer wizards prospecting in the virtual mines of cyberspace"

"unveiled bitcoin to a mailing list of computer supergeniuses"

HAHAH that is like how people talked about the internet back in 1993. This mysterious place were hackers met on 'mysterious websites' that have strange codes like "http://www.website.com" to identify the website. They didn't know if it was pronounced E-mail or ehmail, but it was strange it probably would only be used by computer supergeniuses and sex addicts looking for kink and bondage.

Lol, bitcoin price can do whatever. I just multiply my BTC by trading options on CoinBr.

The price will be volatile... so focus on creating more btc without having to buy them. Cheesy

Obviously not advertising..

deadweasel

sr. member

Activity: 364

Merit: 250

Quote from: NamelessOne on April 08, 2013, 09:06:04 AM

Quote from: dakiller on April 08, 2013, 08:10:10 AM

Simply painful to read, full of hyperbole

"this mysterious money has become the darling of anti-government libertarians and computer wizards prospecting in the virtual mines of cyberspace"

"unveiled bitcoin to a mailing list of computer supergeniuses"

HAHAH that is like how people talked about the internet back in 1993. This mysterious place were hackers met on 'mysterious websites' that have strange codes like "http://www.website.com" to identify the website. They didn't know if it was pronounced E-mail or ehmail, but it was strange it probably would only be used by computer supergeniuses and sex addicts looking for kink and bondage.

Lol, bitcoin price can do whatever. I just multiply my BTC by trading options on CoinBr.

The price will be volatile... so focus on creating more btc without having to buy them. Cheesy

NamelessOne

legendary

Activity: 840

Merit: 1000

Quote from: dakiller on April 08, 2013, 08:10:10 AM

Simply painful to read, full of hyperbole

"this mysterious money has become the darling of anti-government libertarians and computer wizards prospecting in the virtual mines of cyberspace"

"unveiled bitcoin to a mailing list of computer supergeniuses"

HAHAH that is like how people talked about the internet back in 1993. This mysterious place were hackers met on 'mysterious websites' that have strange codes like "http://www.website.com" to identify the website. They didn't know if it was pronounced E-mail or ehmail, but it was strange it probably would only be used by computer supergeniuses and sex addicts looking for kink and bondage.

NikolaTesla

newbie

Activity: 28

Merit: 0

In the time since reading all this crapola from various sources about an imminent crash, BTC has grown from 100 to 190 USD, I think I'll let my bank account do the talking

dakiller

member

Activity: 174

Merit: 10

Simply painful to read, full of hyperbole

"this mysterious money has become the darling of anti-government libertarians and computer wizards prospecting in the virtual mines of cyberspace"

"unveiled bitcoin to a mailing list of computer supergeniuses"

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: HappyBitCoinUser on April 08, 2013, 05:04:51 AM

Quote from: bonker on April 08, 2013, 04:02:30 AM

Those bovine douchbags are just bitter that they didn't get onboard back in 2011.

Bitcoin won't have any major correction until the legislature starts making noises .

+1

Shhhh! Don't say the dirty "L" word.

HappyBitCoinUser

full member

Activity: 182

Merit: 100

Quote from: bonker on April 08, 2013, 04:02:30 AM

Those bovine douchbags are just bitter that they didn't get onboard back in 2011.

Bitcoin won't have any major correction until the legislature starts making noises .

+1

kibblesnbits

hero member

Activity: 557

Merit: 500

Quote from: randrace on April 08, 2013, 01:14:15 AM

The other day I told my Grandmother a package arrived for her. She said, "terrific, that must be my Silk Road order," and quietly shuffled to her room.

I heard that hot exhaust from a 5970 is good for the arthritis.

bonker

hero member

Activity: 784

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Those bovine douchbags are just bitter that they didn't get onboard back in 2011.

Bitcoin won't have any major correction until the legislature starts making noises .

Zaih

hero member

Activity: 504

Merit: 500

It's obvious that we can't maintain the speed we're going at the moment. Sooner or later we're going to head back down, but I really don't see it being a harsh drop like everyone is making it out to be.

It's anyone's guess though. Lets just hope people decide to stick on board, and realise that Bitcoin has much more potential than $200, or even $500. It's worth holding onto

seldon

sr. member

Activity: 353

Merit: 250

Quote from: Gabi on April 08, 2013, 12:42:06 AM

It is weird, why that newspaper didn't suggest your grandmother to invest in bitcoin when it was 5$ but today they have the arrogance to speak about fear and crash? Roll Eyes

Good one!

tutkarz

hero member

Activity: 546

Merit: 501

Look at my calculations and tell me if i did something wrong.

There will be 21 millions bitcoins.
There is around 6 billion people in the world currently.
That means for every human there is 0.0035 bitcoin if we would like to share it equally.
Now we can assume, we are going to value it $1 for a start. That gives bitcoin minimum value of $285 per bitcoin (1/0.0035).
But if we would measure everyones average worth in bitcoins that would be much much higher. So from my calculations bitcoin is still underpriced.

Ofcourse not everybody ever will have theyr bitcoin but there are people who already holds alot of them. 1 000 of bitcoins = 285 000 people who could have their 0.0035 bitcoin.
I am not trying to calculate real bitcoin price because its almost impossible and i didnt factored other things we can do with bitcoin like transfer money etc. But you see how mych bitcoin could be worth (or is worth already).

XXthetimeisnowXX

sr. member

Activity: 252

Merit: 250

a wolf in sheeps clothing. suckerfish

Quote from: Gabi on April 08, 2013, 12:42:06 AM

It is weird, why that newspaper didn't suggest your grandmother to invest in bitcoin when it was 5$ but today they have the arrogance to speak about fear and crash? Roll Eyes

agreed! its at 5 bucks .... under the radar.....when its maken money lets dis the shit out of it!

media ran by government entitys will not like bitcoins one bit. they will spread fear and hate and speculate negatively and say its all a scam seam or give half truths, leave out important facts/info or outright lie!

in the end it will scare the general population that just sits and reads the news and lives in fear and they wont buy. intelligent people will do there research, find out its an amazing tool, and make a good deal of money.

odolvlobo

legendary

Activity: 4466

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Quote from: Rallye on April 08, 2013, 12:36:30 AM

My grandmother just handed me the newspaper and told me to take a look at this:
http://seattletimes.com/html/businesstechnology/2020727526_bitcoinbubblexml.html
Looks pretty biased, but I'll be honest I didn't even finish reading. Thoughts?

The article is not as bad as the headline suggests. It is a typical "The story of the mysterious, lucrative, and perhaps illegal currency called Bitcoin" article.

smoothie

legendary

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LEALANA Bitcoin Grim Reaper

Quote from: randrace on April 08, 2013, 01:14:15 AM

The other day I told my Grandmother a package arrived for her. She said, "terrific, that must be my Silk Road order," and quietly shuffled to her room.

i LOLed here. Cheesy

hubbabubbabaker

member

Activity: 98

Merit: 10

Sometimes - history needs a push.

Quote from: randrace on April 08, 2013, 01:14:15 AM

The other day I told my Grandmother a package arrived for her. She said, "terrific, that must be my Silk Road order," and quietly shuffled to her room.

Grandmas about to relive her 60s days.

randrace

sr. member

Activity: 329

Merit: 250

LTC -> BTC -> Silver!

The other day I told my Grandmother a package arrived for her. She said, "terrific, that must be my Silk Road order," and quietly shuffled to her room.

Crazy

full member

Activity: 182

Merit: 106

I'd listen too if my grandson/daughter was risking X amount of money on some weird gobbledegook fancysmancy newfangled internet money.

empoweoqwj

hero member

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Quote from: Crazy on April 08, 2013, 12:48:28 AM

Quote from: empoweoqwj on April 08, 2013, 12:43:09 AM

But the fact your grandmother gave you the info shows how far bitcoins have come in the last few months Wink

Because he told her about it and she saw it in the paper. Not like she saw it and randomly said hey sonny boy, look at this. Hehe

Proves she was listening though Grin

Crazy

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Quote from: empoweoqwj on April 08, 2013, 12:43:09 AM

But the fact your grandmother gave you the info shows how far bitcoins have come in the last few months Wink

Because he told her about it and she saw it in the paper. Not like she saw it and randomly said hey sonny boy, look at this. Hehe

Topic: "Fear grows that the bitcoin boom could crash" - The Seattle Times (Read 2689 times)