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Topic: Love this quote. Do you? - page 2. (Read 1675 times)

full member
Activity: 154
Merit: 100
Is there life on Mars?
August 09, 2014, 11:24:18 AM
#5
Quote
But stability could have a self-reinforcing positive impact. Flushing out the “To the Moon” crowd might be just what the doctor ordered for bitcoin to gain respectability and mainstream acceptance.

from: http://blogs.wsj.com/moneybeat/2014/08/08/bitbeat-learning-to-love-a-boring-bitcoin-market/

Um well, maybe it'll achieve that everyone's curbing their expectations, which might be a nice thing, but apart from that how would this help Bitcoin? If it was still growing, we'd see a slower growth, but still a growth, effectively. Traders will also continue trading and speculating! I think a sharply rising price may is good for Bitcoin as it attracts the media, which is undoubted good news.
legendary
Activity: 2268
Merit: 1278
August 09, 2014, 11:08:23 AM
#4
Uh no. The price is mathematically guaranteed to go up as adoption goes up. It's not a delusion or hope of winning the lottery, its maff. And the 99.9% won't hear about it until the OMG MAD PRICE SPIKES make new headlines so its wrong from that end too. Another fail piece.
member
Activity: 84
Merit: 10
August 09, 2014, 06:40:44 AM
#3
Quote
But stability could have a self-reinforcing positive impact. Flushing out the “To the Moon” crowd might be just what the doctor ordered for bitcoin to gain respectability and mainstream acceptance.

from: [Suspicious link removed]j.com/moneybeat/2014/08/08/bitbeat-learning-to-love-a-boring-bitcoin-market/

Bitcoin is a far away from any definition of mainstream, that I could agree. Mainstream does not know, what Bitcoin is, so there can't exist any acceptance or not-acceptance. If there would be any kind of mainstream acceptance the market cap would be a lot higher. (So this is a self contradicting theory)

This is no ultra-bullish statement, implying diabolical price spikes in the future - I only can't see any relationship between mainstream and Bitcoin for now.
legendary
Activity: 961
Merit: 1000
August 09, 2014, 06:29:48 AM
#2
It just might, but how fun was the volatility??
legendary
Activity: 1470
Merit: 1007
August 09, 2014, 06:27:20 AM
#1
Quote
But stability could have a self-reinforcing positive impact. Flushing out the “To the Moon” crowd might be just what the doctor ordered for bitcoin to gain respectability and mainstream acceptance.

from: http://blogs.wsj.com/moneybeat/2014/08/08/bitbeat-learning-to-love-a-boring-bitcoin-market/
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