Topic: The Bitcoin hype is over (Read 4189 times)
I've heard that before.
The Gold hype is over....
Don't buy any more Gold.
Don't buy any more Gold.
no doubt ~ much better dig (mine) for yer own gold !
Lol! There is only the pump.
You're wrong.
Like the rest of the little turds running around here.
There is only the pump.
The Gold hype is over....
Don't buy any more Gold.
Don't buy any more Gold.
look, you guys gotta see the bigger picture here, blockchain technology is revolutionary, bitcoin was the first, so naturally it dominates right now, but anyone can copy & improve, all it would take to bring real competition to btc is a company like microsoft or chase bank to roll out their own thing & with enough financial backing, boom!
where blockchain will shine is in future applications beyond store of value, this is just the beginning.
where blockchain will shine is in future applications beyond store of value, this is just the beginning.
^meanwhile the same big banks will do there best to kill off the original wild animal! just my wag :\ they will not give up without a fight!
look, you guys gotta see the bigger picture here, blockchain technology is revolutionary, bitcoin was the first, so naturally it dominates right now, but anyone can copy & improve, all it would take to bring real competition to btc is a company like microsoft or chase bank to roll out their own thing & with enough financial backing, boom!
where blockchain will shine is in future applications beyond store of value, this is just the beginning.
where blockchain will shine is in future applications beyond store of value, this is just the beginning.
I just wanted to mention the Technology/Gartner Hype Cycle....it fits well with the Bitcoin price chart.
As you can see there is a lot of initial interest and the hype builds the prices up beyond sustainability.
Then when the short term speculators cash out and the price dumps...the real value of the technology builds back up at a rational speed.
There are still many years of growth left in the second half of the cycle. GO BITCOIN!
http://avc.com/wp-content/uploads/2014/09/Hype-cycle-600x413.jpg
As you can see there is a lot of initial interest and the hype builds the prices up beyond sustainability.
Then when the short term speculators cash out and the price dumps...the real value of the technology builds back up at a rational speed.
There are still many years of growth left in the second half of the cycle. GO BITCOIN!
http://avc.com/wp-content/uploads/2014/09/Hype-cycle-600x413.jpg
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Unlikely to have another hype when there are so many new next generation coins out there.
Which the majority of them are utter shit.One of them will turn golden.
and one will turn silver.
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Unlikely to have another hype when there are so many new next generation coins out there.
Which the majority of them are utter shit.One of them will turn golden.
People only want BTC when the price is uptrending.... someone will create and media hype sonner or later and we will see moon again.
Actually this thread should be in speculation.
Times definately changed, some "stability" kicked in. I miss the days of 100$ 200$ 400$ price swings. Man, even the "China bans", which everyone got sick of really fast sound exiting now. Its like nothing going on, at all.
More hype coming back soon. Past year so many things happened during the bearmarket with big companies and investors involved, this all has accumulated and can power next uptrend for a long time.
1. he is a scared sheeple that doesnt know true value
To be fair though, knowing the intrinsic value of any item is nigh on impossible to actually work out (if it was everyone would just buy under the intrinsic and wait for the appropriate correction to occur - thereby making a profit) and for something that is unique (with a highly unpredictable future regarding both consumers and business users) such as Bitcoin making an actual valuation on its worth is naturally even harder. The reality is that a majority of people have no clue about a valuation - it's all purely speculation.
intrinsic value is a term only for natural resources(commodities), not assets.. assets do not need intrinsic value. do not compare the word true value and intrinsic value. they are two different things. in short bitcoin is an asset, not a commodity.
the simplist way to truly value bitcoin is not ignore the speculation markets (crappy exchanges that have daily fiat deposit limits and allow manipulations.) and instead look at the direct swap markets such as localbitcoins/otc where EVERY bitcoin is swapped with a bank transfer
Just like gold.
Step one: Find the next gold, in this case Bitcoin, Check.
Step two: Create a purpose for it, a demand... Half check
Step three: Make it scarce and difficult to obtain... hmmm 1/3 check?
Step one: Find the next gold, in this case Bitcoin, Check.
Step two: Create a purpose for it, a demand... Half check
Step three: Make it scarce and difficult to obtain... hmmm 1/3 check?
bitcoin has atleast 30 purposes/benefits.
bitcoin is scarce, hense why why its a few hundred dollars and not a few cents in price.
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Unlikely to have another hype when there are so many new next generation coins out there.
Which the majority of them are utter shit.
It's true that too many people have lost faith in bitcoin after mt.gox incident and hacking attempts at many other exchanges.
OP, you should've tried harder if you wanted to express bearish mood. The picture you posted tells nothing about hype being over. Actually it tells quite oposite.
The hype is over until..... the next hype 
Unlikely to have another hype when there are so many new next generation coins out there.
which are all dead or non-existent.
Except for LTC, long live BTC's brother
lol, ltc went from $48 to $3.5. thats over -90% loss. scam coin.
The hype is over until..... the next hype
Unlikely to have another hype when there are so many new next generation coins out there.
which are all dead or non-existent.
Except for LTC, long live BTC's brother
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