I feel this thread is like a cult. The more confident everyone is about a bubble to $3,000 the less confident I think we will ever see $1000 again.
I thin you shud all start pumping dread and doom, i would feel a lot better about the future if you did.
I thin you shud all start pumping dread and doom, i would feel a lot better about the future if you did.
Yes, there is certainly a cultish element to it at all. I think, in some ways, this has led to the discounting of all of the amazingly positive news this week. Then again, the "cultish" element -- and by that I don't mean disrespect but rather it is just the diehards who are true believers in the project -- also makes me feel like we have some stability against grand scale fluctuations absent a Gox-like event (and it was probably why BTC was able to survive the Gox clusterstorm). In short, the diehards, counterintuitively, bring stability and that stability has a value of its own. So things are ok.
I myself refuse to be overly optimistic. Emotionally, I threw my money away when i bought my first bitcoin stash. Me talking about how my Bitcoin are gonna make me a millionaire sounds sooooo pathetic.
