Forbes Article Predicts Bitcoin Value will "Explode" - page 5.

Mrrr

hero member

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Merit: 528

3 things:

1: The Satoshi Million(s)
2: The uncanny mining industry
3: The uncanny Bitcoin industry

Crypto is indeed the future. But Bitcoin has issues that are big enough, IMHO, to make even a 7 billion USD valuation a bit bullish.

This, of course, won't stop the Wall Street guys from moving in and emptying the pockets of unsuspecting investors. By no means.

I'm used to living in a world run by bankers with no sense of ethics whatsoever. And I know how to keep my own world habitable.

Now your yelling for a 10.000$ bitcoin. And a transfer of power into the hands of people that are even more uncanny than our current overlords

ajareselde

legendary

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Satoshi is rolling in his grave. #bitcoin

Quote from: guybrushthreepwood on June 25, 2014, 03:11:27 AM

It already has 'exploded', but I'm sure we'll see another explosion soon enough. I think bitcoin will grow to where demand outstrips the supply and that should see some explosive growth.

bitcoin has indeed exploded multiple times, and i also agree that we will see another boom, hopefully with slower growth and more stability.
true outbreak would happen if bitcoin had more positive publicity, and not just bad ones.

nwfella

legendary

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Well hello there!

Looks like bitcoin is going to hit the proverbial big-time before it's technically even out of beta!! Roll Eyes

zimmah

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I'm not sure if wall street is ready to move in by this year already.

Also not sure if i should be happy if they do, because it will leave me less time to buy more bitcoin.

bananaeater

newbie

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ok, another positive article. This will bring some new users to our community.

gbooz

newbie

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Merit: 0

Quote from: Harley997 on June 25, 2014, 11:21:54 PM

Quote from: beetcoin on June 25, 2014, 04:27:34 PM

Quote from: jcoin200 on June 25, 2014, 04:17:46 PM

Quote from: SpontaneousDream on June 25, 2014, 03:56:18 PM

Quote from: fernando on June 25, 2014, 04:19:10 AM

The problem with exploding prices is that volatility inhibits usage as people are scared to go in or spend. But increased usage would make the price explode. Not sure how this can be tackled.

Agreed. I can't see Bitcoin going fully mainstream until the price has stabled out. Any guesses on how long that may take?

But with mainstream acceptance, naturally loads more people will be acquiring BTC. So I would think that would cause value to rise. Then once acceptance has grown to a large enough level, I imagine the price would stabilize.

in that case, it would be considered more of a speculative asset than an actually useful currency. and that's why i think it'll never be a currency, and if it does become one, it won't be for a long, long time.

Even today bitcoin does have some characteristics of a currency. It is lacking being a store of value as it's price is volatile however the price volatility has subsided this year and hopefully the price will be mores stable in the future.

It is something in between the currency and speculative asset. So, the "kind of" regulation might have positive impact on the price stability of bitcoin. But is the price stability what the bitcoin holders are expecting today? I am not sure..

gbooz

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Quote from: beetcoin on June 25, 2014, 04:27:34 PM

Quote from: jcoin200 on June 25, 2014, 04:17:46 PM

Quote from: SpontaneousDream on June 25, 2014, 03:56:18 PM

Quote from: fernando on June 25, 2014, 04:19:10 AM

The problem with exploding prices is that volatility inhibits usage as people are scared to go in or spend. But increased usage would make the price explode. Not sure how this can be tackled.

Agreed. I can't see Bitcoin going fully mainstream until the price has stabled out. Any guesses on how long that may take?

But with mainstream acceptance, naturally loads more people will be acquiring BTC. So I would think that would cause value to rise. Then once acceptance has grown to a large enough level, I imagine the price would stabilize.

in that case, it would be considered more of a speculative asset than an actually useful currency. and that's why i think it'll never be a currency, and if it does become one, it won't be for a long, long time.

It is difficult to predict the direction of the transformation of the bitcoin. But it is clear that bitcoin is in the begining of its life cycle. So, time will show if it will be the "beauty" or the "beast".

Harley997

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Activity: 266

Merit: 250

Quote from: beetcoin on June 25, 2014, 04:27:34 PM

Quote from: jcoin200 on June 25, 2014, 04:17:46 PM

Quote from: SpontaneousDream on June 25, 2014, 03:56:18 PM

Quote from: fernando on June 25, 2014, 04:19:10 AM

The problem with exploding prices is that volatility inhibits usage as people are scared to go in or spend. But increased usage would make the price explode. Not sure how this can be tackled.

Agreed. I can't see Bitcoin going fully mainstream until the price has stabled out. Any guesses on how long that may take?

But with mainstream acceptance, naturally loads more people will be acquiring BTC. So I would think that would cause value to rise. Then once acceptance has grown to a large enough level, I imagine the price would stabilize.

in that case, it would be considered more of a speculative asset than an actually useful currency. and that's why i think it'll never be a currency, and if it does become one, it won't be for a long, long time.

Even today bitcoin does have some characteristics of a currency. It is lacking being a store of value as it's price is volatile however the price volatility has subsided this year and hopefully the price will be mores stable in the future.

allthingsluxury

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Activity: 1540

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Another explosion is on its way, when it is coming no one knows. We know that the adoption rate of bitcoin is growing and its value will fall in line with this.

beetcoin

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Activity: 434

Merit: 250

Quote from: jcoin200 on June 25, 2014, 04:17:46 PM

Quote from: SpontaneousDream on June 25, 2014, 03:56:18 PM

Quote from: fernando on June 25, 2014, 04:19:10 AM

The problem with exploding prices is that volatility inhibits usage as people are scared to go in or spend. But increased usage would make the price explode. Not sure how this can be tackled.

Agreed. I can't see Bitcoin going fully mainstream until the price has stabled out. Any guesses on how long that may take?

But with mainstream acceptance, naturally loads more people will be acquiring BTC. So I would think that would cause value to rise. Then once acceptance has grown to a large enough level, I imagine the price would stabilize.

in that case, it would be considered more of a speculative asset than an actually useful currency. and that's why i think it'll never be a currency, and if it does become one, it won't be for a long, long time.

jcoin200

hero member

Activity: 504

Merit: 500

Quote from: SpontaneousDream on June 25, 2014, 03:56:18 PM

Quote from: fernando on June 25, 2014, 04:19:10 AM

The problem with exploding prices is that volatility inhibits usage as people are scared to go in or spend. But increased usage would make the price explode. Not sure how this can be tackled.

Agreed. I can't see Bitcoin going fully mainstream until the price has stabled out. Any guesses on how long that may take?

But with mainstream acceptance, naturally loads more people will be acquiring BTC. So I would think that would cause value to rise. Then once acceptance has grown to a large enough level, I imagine the price would stabilize.

SpontaneousDream

newbie

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Quote from: fernando on June 25, 2014, 04:19:10 AM

The problem with exploding prices is that volatility inhibits usage as people are scared to go in or spend. But increased usage would make the price explode. Not sure how this can be tackled.

Agreed. I can't see Bitcoin going fully mainstream until the price has stabled out. Any guesses on how long that may take?

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

A publication like Forbes should know better than to take a hard negative stance against Bitcoin. If Bitcoin succeeds they can say, "see, you heard it here first folks". If Bitcoin fails no one will remember and they can blame their contributors.

Quote

Peter Diamandis Contributor
I write about entrepreneurs, abundance and exponential tools/tech.
Opinions expressed by Forbes Contributors are their own.

beetcoin

sr. member

Activity: 434

Merit: 250

Quote from: Beliathon on June 25, 2014, 12:21:16 PM

Quote from: Finchy on June 25, 2014, 02:25:38 AM

Hasn't it already exploded? I guess articles like this will help gather more interest though.

No, the true explosion has not yet even begun. We are preparing for launch.

Please fasten your seatbelts and keep arms and legs inside the rocket at all times.

yeah, i think it hasn't reached its vertical point yet - it's still way too nascent at the moment. but we don't know for sure if it will even reach the vertical line. bitcoin shouldn't really be compared to twitter or facebook.. it's much, much more complicated and it brings new rules to the game that we've never seen.

Velkro

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Bitcoin is future so future is bright

gbooz

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Quote from: guybrushthreepwood on June 25, 2014, 03:11:27 AM

It already has 'exploded', but I'm sure we'll see another explosion soon enough. I think bitcoin will grow to where demand outstrips the supply and that should see some explosive growth.

Yes, it already exploded some time ago, but the magazine said "bang!!" just now....

Balls

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Activity: 338

Merit: 250

I think it's only logical that bitcoin will see another spike at some point. More and more people are getting on board with bitcoin so its bound to happen sooner or later.

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: Finchy on June 25, 2014, 02:25:38 AM

Hasn't it already exploded? I guess articles like this will help gather more interest though.

No, the true explosion has not yet even begun. We are preparing for launch.

Please fasten your seatbelts and keep arms and legs inside the rocket at all times.

jbrnt

hero member

Activity: 672

Merit: 500

Peter Diamandis's phases are well defined, but he is defining them in 2014 when we are already in phases 3. It would be really clever of him if he defined the phases with dates back in 2009. What he said in the article is what we already know for months. This article is for Forbes readers, not us.

It reminds me of the "Elliot Wave Theory". It is so easy to define phases and waves when it is history. It is much more difficult to pinpoint where we are among the phases when we are living it.

jcoin200

hero member

Activity: 504

Merit: 500

Quote from: keithers on June 25, 2014, 10:44:30 AM

Quote from: BitcoinBud44 on June 24, 2014, 10:48:09 PM

I've noticed that Forbes is very high on Bitcoin for about a year now. Grin

Yes, Forbes has been one of the publications to have literature on BTC almost every day. It is nice that their articles are not all FUD too. Many of the news outlets only report the bad news, and then when prices go way up, they just say "Bitcoin went up today.."

Yeah its nice to see he's got his money where his mouth is too, this author actually has some BTC and even is converting more of his gold to BTC.

Topic: Forbes Article Predicts Bitcoin Value will "Explode" - page 5. (Read 8299 times)