many have value confused with price
as for price, yes the mechanism for its called the greater fool theory;
http://en.wikipedia.org/wiki/Greater_fool_theory
Topic: Forget the real application, the real value of Bitcoin is investment - page 2. (Read 1480 times)
May 04, 2015, 11:15:23 PM
May 04, 2015, 11:02:22 PM
White bitcoin itself has value, that value is very volatile and changes daily. While bitcoin may go on to do what you predict, it may also fail miserably. The actually valuable thing from bitcoin is it's underlying blockchain technology, which can be used and applied to many more things than bitcoin and this provides more value than simply monetary value.
May 04, 2015, 09:56:35 PM
Bitcoin may become the real global currency and replace central bank of all the other countries when it develops to some position. As a payment system, it may replace of Visa and Mastercard after the value of Bitcoin is stable. As a kind of foreign exchange method, Bitcoin may replace of Western Union Company. Forget the usage of Bitcoin, we assume that there is no use for Bitcoin but just a kind of scarce electrical commodity with private property right, then calculated by the market value of gold, the market value of Bitcoin should be in the scale of thousand billion, that is, Bitcoin can finish rising of 100 times just as the method of storage. In the view of Martian, that Bitcoin appears on the market in ETE may be the foundation of next 100 times' rising. It must be an extraordinary year for Bitcoin in 2015, let us wait and see what happens.
Wow, a time traveler from 2013.
May 04, 2015, 09:52:15 PM
Bitcoin may become the real global currency and replace central bank of all the other countries when it develops to some position. As a payment system, it may replace of Visa and Mastercard after the value of Bitcoin is stable. As a kind of foreign exchange method, Bitcoin may replace of Western Union Company. Forget the usage of Bitcoin, we assume that there is no use for Bitcoin but just a kind of scarce electrical commodity with private property right, then calculated by the market value of gold, the market value of Bitcoin should be in the scale of thousand billion, that is, Bitcoin can finish rising of 100 times just as the method of storage. In the view of Martian, that Bitcoin appears on the market in ETE may be the foundation of next 100 times' rising. It must be an extraordinary year for Bitcoin in 2015, let us wait and see what happens.
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