In my opinion it is a great testimony that we just crossed 100,000,000% value appreciation
It is truly amazing. What historic assets or companies have risen that much? Are there others?
I would say, no. It is "easy" to have a 1000x value appreciation with startups, perhaps 10,000x is possible. 100,000x hardly.
A MILLION TIMES INCREASE IN 4 YEARS 10 MONTHS IS A NEVER BEFORE IN WRITTEN HISTORY EVENT.You pick an arbitrary transaction between private parties to create some irrational hyperbole.
Heck if I note that Dori in a Thirld World country internet cafe gave me free internet access ($0.25 per hour normally) in exchange for my promise to share some of the ownership of Art-O-matic, then does that mean I count the gain after 3 years of the $1.2 million IPO valuation that I was offered in 2001 as a counter-example to your claim.
Have you priced the Tulip mania in comparison? Are you sure you really want to show the "investment" only matches manias and not real investments throughout history?
The gloating is what people who deserve to lose their talents do, because they aren't productive any more, because they've been made too rich to do any real work.
I guess you will delete this post too.
While i respect your opinion as much as anyones, i strongly disagree with your belief of how bitcoin is a malevolent innovation destined to fail and possibly cause major damage.
I have read through several of your posts, and most notably is your constant tendency to reference existent companies, as if bitcoin is even remotely close to a company. You can't estimate or predict the future of bitcoin by "logical economic speculation" using traditional knowledge. This is not a company, this is not a stock. This is bitcoin, a digital cryptocurrency with tendencies we've never seen the likes of.
People need to start realizing that in order to predict the future of bitcoin and evaluate it's risk of failure, you need to think about the psychological nature of the population. You need to estimate when information reaches certain demographics of the population, and how the infrastructure is being developed. The development of the protocol is also important to keep an eye on, as it is being worked on constantly and will most definitely improve on a faster pace given increased interest and market cap. People invest when they see potential growth in the future. Bitcoin will fail when the population loses that faith entirely.
In my personal opinion, i believe there will come a day when stabilization of bitcoin is completely possible. It requires these aforementioned steps to be fulfilled successfully, and i believe they will be. Everyone is entitled to their personal opinion, but i suggest a more open-minded, liberal view, when trying to predict the future of such a revolutionary innovation.