Forbes Article Predicts Bitcoin Value will "Explode"

Harley997

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Quote from: halfawake on July 11, 2014, 07:52:06 PM

Quote from: jcoin200 on July 10, 2014, 08:49:34 AM

With all the millions being poured into the BTC infrastructure, I'd say it's gained a legitimate spot in the "real economy."

I agree with this comment about bitcoin having gained a real place in the "real economy". One anecdotal observation on this point: I run a full node, but I turn my computer off every night. I've noticed the last several days that it's taking longer in the morning when I turn on my computer for it to catch up with the blockchain than it used to take. I'd call that a good sign as it means that there are more transactions taking place within the bitcoin ecosystem lately than there used to be.

Bitcoin does likely have some place in the global economy and it's current price reflect that. The size of the economy that bitcoin is a part of will need to grow in order for bitcoin's price to continue to appreciate.

halfawake

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Quote from: jcoin200 on July 10, 2014, 08:49:34 AM

With all the millions being poured into the BTC infrastructure, I'd say it's gained a legitimate spot in the "real economy."

I agree with this comment about bitcoin having gained a real place in the "real economy". One anecdotal observation on this point: I run a full node, but I turn my computer off every night. I've noticed the last several days that it's taking longer in the morning when I turn on my computer for it to catch up with the blockchain than it used to take. I'd call that a good sign as it means that there are more transactions taking place within the bitcoin ecosystem lately than there used to be.

YesBoss69

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Quote from: TaunSew on July 11, 2014, 05:19:08 AM

The issue with BTC is too much hype buying and not enough legit new people coming in. Probably the best news we've heard is 4000 Bitcoin ATMs in Ukraine but Ukrainians aren't yet lining up to buy BTC but could in a worsen currency crisis.

I thought it was rather 4000 outlets of exchange rather than 4000 machines.. am i wrong!? either way, it's insane, and I'm looking forward to some form of international 'case study' becoming a success story with no sting in the tail. I hope ukraine turns out to be that, but argentina could also prove very complimentary for bitcoin this year.

TaunSew

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The issue with BTC is too much hype buying and not enough legit new people coming in. Probably the best news we've heard is 4000 Bitcoin ATMs in Ukraine but Ukrainians aren't yet lining up to buy BTC but could in a worsen currency crisis.

asimoshe

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i think someone inside forbes magazine wants to increase the the value of btc just by making people hear more and more about the bitcoin world.

Gianluca95

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Reputation first.

Quote from: DubFX on July 11, 2014, 04:06:33 AM

Quote from: eid on July 11, 2014, 03:52:45 AM

Quote from: Gianluca95 on July 11, 2014, 03:51:33 AM

Surely is a good news this

But, where is the explosion of the value? How much we'll wait yet? Grin

Seems to be falling at the moment.

Falling? We are at 600-620 for few days now.

Exactly. Now the price is slowly moving down. We need a good news from the market to see a probably rise of price Roll Eyes

DubFX

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Quote from: eid on July 11, 2014, 03:52:45 AM

Quote from: Gianluca95 on July 11, 2014, 03:51:33 AM

Surely is a good news this

But, where is the explosion of the value? How much we'll wait yet? Grin

Seems to be falling at the moment.

Falling? We are at 600-620 for few days now.

eid

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Quote from: Gianluca95 on July 11, 2014, 03:51:33 AM

Surely is a good news this

But, where is the explosion of the value? How much we'll wait yet? Grin

Seems to be falling at the moment.

Gianluca95

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Reputation first.

Surely is a good news this

But, where is the explosion of the value? How much we'll wait yet? Grin

eid

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Quote from: minerpumpkin on July 10, 2014, 08:24:42 PM

It's always interesting to see whether people proclaiming a bright future for Bitcoin have indeed an agenda of their own. Draper, for example, has of course got to foster Bitcoins growth and advertise its benefits. I wouldn't be surprised if quite a lot of journalists or so called experts just own a small stash themselves

If a reporter (like anyone else) believes in bitcoin, why wouldn't they buy some and continue to report positively on it? It doesn't imply an agenda necessarily. It just means they're willing to put their money where their mouth is.

minerpumpkin

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A pumpkin mines 27 hours a night

It's always interesting to see whether people proclaiming a bright future for Bitcoin have indeed an agenda of their own. Draper, for example, has of course got to foster Bitcoins growth and advertise its benefits. I wouldn't be surprised if quite a lot of journalists or so called experts just own a small stash themselves

DubFX

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Nice article, i wish whole world would read forbes for this while or atleast this article, that would be panic buy!

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: Beliathon on July 10, 2014, 01:04:28 PM

Quote from: QuestionAuthority on July 04, 2014, 03:29:18 PM

Quote from: Justin00 on July 04, 2014, 04:32:09 AM

Its been 3 days. Any explosions yet ??

I just exploded in the men's room at Whole Foods and used a Bitcoin gyft card to pay for my order. Does that count?

It counts as being inappropriate behavior in a public restroom... You really couldn't wait till you got home?

Should coindesk really be quoting this guy ?

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: QuestionAuthority on July 04, 2014, 03:29:18 PM

Quote from: Justin00 on July 04, 2014, 04:32:09 AM

Its been 3 days. Any explosions yet ??

I just exploded in the men's room at Whole Foods and used a Bitcoin gyft card to pay for my order. Does that count?

It counts as being inappropriate behavior in a public restroom... You really couldn't wait till you got home?

gbooz

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Quote from: jonald_fyookball on July 10, 2014, 11:51:57 AM

Quote from: ljudotina on July 10, 2014, 08:35:15 AM

Quote from: Guido on July 10, 2014, 08:31:25 AM

It will explode and spike again, not sure when, thought would be by late summer, now not so sure.
can't wait for it to go up and take alts with it, they are insanely low now

Isn't it going other way around? BTC falls, ppl go to alts to spread their wealth, btc goes up, ppl go back to btc to capitalize on growth?

nope.

right now alts are worth nothing without btc. it's only by confidence in btc that alts get any credence.

Optimism is very good for the health.

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: ljudotina on July 10, 2014, 08:35:15 AM

Quote from: Guido on July 10, 2014, 08:31:25 AM

It will explode and spike again, not sure when, thought would be by late summer, now not so sure.
can't wait for it to go up and take alts with it, they are insanely low now

Isn't it going other way around? BTC falls, ppl go to alts to spread their wealth, btc goes up, ppl go back to btc to capitalize on growth?

nope.

right now alts are worth nothing without btc. it's only by confidence in btc that alts get any credence.

gbooz

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Quote from: jcoin200 on July 10, 2014, 08:49:34 AM

Quote from: gbooz on July 10, 2014, 08:28:20 AM

Quote from: jcoin200 on July 10, 2014, 08:01:31 AM

Quote from: gbooz on July 10, 2014, 06:29:46 AM

All BTC value game is based on expectations.

I'd have to say the expectations of merchant acceptance are being met. Also hundreds of millions of dollars by very smart investors have been put into the bitcoin infrastructure. Yes the expectations are high, but I'd say they are being met.

I would agree - are being met by now. But it is a speculative asset with the very limited connection to the real economy. And therefore the "explosion" could be more likely to the explosion of the bubble.

With all the millions being poured into the BTC infrastructure, I'd say it's gained a legitimate spot in the "real economy." As for any alt-coins, I would say they have no connection to the real economy, at least not right now

Try to pay bitcoin for your pizza. Alt-coins are connected to the real economy because YOU are using it day-to-day.

jcoin200

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Quote from: gbooz on July 10, 2014, 08:28:20 AM

Quote from: jcoin200 on July 10, 2014, 08:01:31 AM

Quote from: gbooz on July 10, 2014, 06:29:46 AM

All BTC value game is based on expectations.

I'd have to say the expectations of merchant acceptance are being met. Also hundreds of millions of dollars by very smart investors have been put into the bitcoin infrastructure. Yes the expectations are high, but I'd say they are being met.

I would agree - are being met by now. But it is a speculative asset with the very limited connection to the real economy. And therefore the "explosion" could be more likely to the explosion of the bubble.

With all the millions being poured into the BTC infrastructure, I'd say it's gained a legitimate spot in the "real economy." As for any alt-coins, I would say they have no connection to the real economy, at least not right now

ljudotina

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Quote from: Guido on July 10, 2014, 08:31:25 AM

It will explode and spike again, not sure when, thought would be by late summer, now not so sure.
can't wait for it to go up and take alts with it, they are insanely low now

Isn't it going other way around? BTC falls, ppl go to alts to spread their wealth, btc goes up, ppl go back to btc to capitalize on growth?

Guido

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It will explode and spike again, not sure when, thought would be by late summer, now not so sure.
can't wait for it to go up and take alts with it, they are insanely low now

Topic: Forbes Article Predicts Bitcoin Value will "Explode" (Read 8299 times)