Nostalgia already: "...Bitcoin...is worth nearly a dollar..."

buyanycoin

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http://www.latimes.com/business/la-fi-post-office-banking-20160102-story.html

"We can have our Postal Service provide modest banking to low-income people where they can cash their checks and they can do banking,' Sanders said. "I think it will help the post office and it will help millions of low-income people.'"

Cheesy

Or...you could just switch to a decentralized currency and start your own bank. #duh

plost24

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Quote from: Anddos on February 07, 2016, 05:29:16 PM

Yeah - I remember a friend of mine that donated 700 bitcoins when it didn't have so much value. Now he's just kicking his head when he thinks about it.

that hurt XD i think he want be dead now he was having a chance to be rish and he wasted so sad

Anddos

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Yeah - I remember a friend of mine that donated 700 bitcoins when it didn't have so much value. Now he's just kicking his head when he thinks about it.

Wapinter

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Hire me for Bounty Management

How I wish I knew about bitcoin 4 years back when I switch to online business.I vaguely remember having heard about bitcoin somewhere on internet but didn't realize what I was going to miss by not getting myself involved in it but as they say it better late than never I am happy I finally adopted this beautiful thingy called bitcoin Cheesy

Hope 4 years down the lane I wouldn't be regretting my decision again

yugo23

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Activity: 476

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Quote from: Anddos on February 07, 2016, 04:41:12 PM

Even if right now bitcoin would worth a dollar it would still be cool in my opinion. Equal value to the dollar, which is still equal grounds. But it's so much more than that. People should realize how powerful bitcoin is. At least at the moment. And I don't think it will lose value.

Well relative value to dollar isn't really important.
Bitcoin has a self value, it doesn't need to be constantly compared to dollar to be used!

ampere

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Bitcoin is not worth dollar at a moment but would surely overtake in the future, let bitcoin get on mainstream and we all would see the difference, the only thing bitcoin needs is the mass adoption, once it is done bitcoin would be unstoppable.

Anddos

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Activity: 378

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Even if right now bitcoin would worth a dollar it would still be cool in my opinion. Equal value to the dollar, which is still equal grounds. But it's so much more than that. People should realize how powerful bitcoin is. At least at the moment. And I don't think it will lose value.

jaysabi

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★777Coin.com★ Fun BTC Casino!

Quote from: ?? on ??

Quote from: MissionPhailed on February 04, 2016, 02:33:31 PM

Ah, the days when one could even mine whole Bitcoins in minutes with a potato. First time I heard about mining Bitcoin (2011) I thought it had something to do with Minecraft. Btw, I'm surprised to see that already in 2011 prices rose above $20. It took roughly 20 months for BTC to reach this value again ..

It's been roughly 26 months since we hit the $1,000 mark, are we due? Is a superbubble in the high 5-digits brewing?

No, we can't even stay above $400 for a stretch. What on earth makes think that a "superbubble" is brewing?

buyanycoin

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Quote from: 1Referee on February 06, 2016, 02:55:17 AM

Quote from: ?? on ??

Quote from: MissionPhailed on February 04, 2016, 02:33:31 PM

Ah, the days when one could even mine whole Bitcoins in minutes with a potato. First time I heard about mining Bitcoin (2011) I thought it had something to do with Minecraft. Btw, I'm surprised to see that already in 2011 prices rose above $20. It took roughly 20 months for BTC to reach this value again ..

It's been roughly 26 months since we hit the $1,000 mark, are we due? Is a superbubble in the high 5-digits brewing?

Perhaps in your dreams. It's far from realistic right now. I am already happy if we manage to come above $600 again. That alone can be considered a great achievement after all the nonsense drama we have been going through.

Here, here. $1 BTC would be fine as long as trade volume multiplied by 10x to back it up. The price point is sensationalist static; consumer transaction (on/off chain) volume is the key success/adoption metric - speculative investment notwithstanding the price point (degree of effort people are willing to put out to get a unit) will always adjust to reflect the currency's real-world use.

yugo23

sr. member

Activity: 476

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For sure if I could I'd go back in the past and tell myself: " hey buddy, you know what a bitcoin is? No? Well go look it up and mine few coins you would? Like a few thousands of coins would be a nice start. You'll thanks me later" Grin

BTCdoaA

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Activity: 910

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no one would believe at that time bitcoin is going to reach 100 $ one day even professional traders . i was confused so i missed a chance to buy more than 4000 bitcoin in 2011.deeply regret that till now.

1Referee

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Quote from: ?? on ??

Quote from: MissionPhailed on February 04, 2016, 02:33:31 PM

Ah, the days when one could even mine whole Bitcoins in minutes with a potato. First time I heard about mining Bitcoin (2011) I thought it had something to do with Minecraft. Btw, I'm surprised to see that already in 2011 prices rose above $20. It took roughly 20 months for BTC to reach this value again ..

It's been roughly 26 months since we hit the $1,000 mark, are we due? Is a superbubble in the high 5-digits brewing?

Perhaps in your dreams. It's far from realistic right now. I am already happy if we manage to come above $600 again. That alone can be considered a great achievement after all the nonsense drama we have been going through.

European Central Bank

legendary

Activity: 1288

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Quote from: Kakmakr on February 05, 2016, 03:45:03 AM

It has to solve a problem a lot of people has, to go mainstream. The people in the western world do not have any reason to switch.

I guess that depends on what they eventually decide it is. Credit card replacement? I can't ever see that happening. Digital gold? Now we're talking.

TheButterZone

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RIP Mommy

Might as well still be worth that, since there's not a single person in the US who wants to buy any of my (currently)

worth of stuff.

European Central Bank

legendary

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The first poster's question is a very interesting one. What would it take to silence the little voice in the back of your head preaching doom? I'm not sure myself but it still feels fragile to me. It'll be a while before I'm fully confident.

foggyb

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Quote from: Bit_Happy on February 03, 2016, 01:21:24 AM

Those were great times to be here, but I was a Bit too late having arrived when BitCoin was surging past $2.5/btc. I sure wish I still had all the ones sold at $7 ...

Yeah, should have kept every bit of 'dust' we mined. What we consider dust in those days adds up to some serious $ these days.

Still remember selling a small chunk of mined coins at the $30 peak tho. Grin

yugo23

sr. member

Activity: 476

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Looooooooooool

That seems rather incredible now for sure xD

I was not even aware of the existence of bitcoin at that time...
What I find crazy is... How did it work back then? I mean now it's easy cause high internet debit everywhere and dozens of wallets/sites/exchanges. But at that time?

Even if I was aware of btc existence I don't think I would have been able to adopt it ^^

Kakmakr

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Quote from: mtnsaa on February 05, 2016, 03:29:07 AM

To me there's only one issue and that's that Bitcoin hasn't been able to generate actual demand from the mainstream. The technical aspects can all be sorted out eventually really if the developers come to an agreement or adopt new ideas from new projects. But common people won't use Bitcoin in a million of years if it doesn't present in a different and more accessible way.

It has to solve a problem a lot of people has, to go mainstream. The people in the western world do not have any reason to switch. < It is not a faster payment method and the process to acquire it is cumbersome and complicated > The only reason they might accept it on a merchant level, would be because of the < No Charge back > feature.

The area where it solves a problem is with remittance in the 3rd world countries. The potential for growth in that sector is phenomenal and untapped at the moment, but then you have to stay away from fiat conversion.

We still had remarkable growth with all the challenges we were faced with. ^smile^

mtnsaa

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To me there's only one issue and that's that Bitcoin hasn't been able to generate actual demand from the mainstream. The technical aspects can all be sorted out eventually really if the developers come to an agreement or adopt new ideas from new projects. But common people won't use Bitcoin in a million of years if it doesn't present in a different and more accessible way.

MissionPhailed

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Ah, the days when one could even mine whole Bitcoins in minutes with a potato. First time I heard about mining Bitcoin (2011) I thought it had something to do with Minecraft. Btw, I'm surprised to see that already in 2011 prices rose above $20. It took roughly 20 months for BTC to reach this value again ..

Topic: Nostalgia already: "...Bitcoin...is worth nearly a dollar..." (Read 1714 times)