Topic: so btc value is finished? - page 3. (Read 9326 times)

Russia ban US dolar 04.04 2014 russia sale wepon and oil/gas only in rusian ruble,euro and Renminbi Payments.and say ruble go on gold standard.germany-China use euro-Renminbi,Australia

Bitcoins value and price will fluctuate over time but in the long run Bitcoins price and value will go up.

Just be patient, btc now got hard time, but in future i'm sure will be most value currency in world

I don't understand very well, but I like your assertion

Btc value won't be finished until after a fiat is gone.  When btc value is finished, 1.000.000 btc will buy a largish European nation.

The sheer amount of institutional capital flowing from US market entities into the protocol platform/services start-up ecosystem is ensuring that the protocol technology will be integrated into the market sooner or later.  This implies that there will be a 'critical mass' period at some point in the near future.

China exiting means those bastards can't siphon off the capital being put forth in the USA and other places to actually grow the technology.

Well u can hold or sell, your choice. I think most people believe the price will go up agian.

Bitcoin may not be the best, and it's only advantage may be that it was first, but in reality that is a HUGE, HUUUUGGEEE advantage. Probably the biggest advantage you can have. To be more clear, it's actually not the fact that it came first that gives it an advantage, but rather the fact that it currently is the most popular by far (because it gained popularity before others did). This is why Facebook is so much more popular than Google+. It is why YouTube is more popular than Vimeo. The thing that becomes more popular first tends to stay the most popular by far. These trends can even be (and often are) mathematically modeled using graphs of social networks.

Consider a graph with nodes and edges, where each node represents a cryptocurrency user and each edge represents a transaction between two users. Connected nodes want to be using the same cryptocurrency, otherwise they can't trade with each other. Each node has a rule that it will adopt the cryptocurrency that is used by more than a certain percent (let's say 50%) of its connected nodes. You can see how if the majority of the nodes use bitcoin, the phenomenon will spread and almost everybody will use it. In order to change that and have everybody use, say Litecoin, you need to have enough people adopt Litecoin such that the majority of every node's neighboring nodes adopted litecoin. It is difficult to explain this without drawing it, but hopefully you get my main point: inertia is powerful, and bitcoin still has a TON of it.

Your correlation has nothing to do with bitcoin value.
Comparing a traditional fiat to another is not the same as bitcoin to a fiat.
Furthermore, many have argued how weak the usd was during the initial adoption of the euro (these days I don't pay attention or give a shit), so even if your correlation was legitimate it would show that bitcoin value is looking grim.

Just waiting for this magical april 16th to come, since it is apparently one of those days...

That's like saying the value of the US dollar is finished now because the EUR/USD has risen from 1.0 to 1.37 over the last two decades.

The sheer amount of institutional capital flowing from US market entities into the protocol platform/services start-up ecosystem is ensuring that the protocol technology will be integrated into the market sooner or later.  This implies that there will be a 'critical mass' period at some point in the near future.

China exiting means those bastards can't siphon off the capital being put forth in the USA and other places to actually grow the technology.