has there ever been an asset where almost every participant sooner or later turns into a walking pr-machine in the same way bitcoin does it for its community members ? one million bitcoin holders all telling it to grandma & friends; all those developers working on new layers (how many are there - thousands ?) all the vc money pouring in the last 12 months, despite of one of the longest downtrends in btc history.
almost every central bank in the world has issued statements, tons of government agencies are watching it, struggling for regulation. an asset with this tiny tiny market cap of just 5 billion is constantly in the headlines, causing raised eyebrows throughout the governments/banks/investment funds/venture capital firms of the entire planet - has there ever been anything like that before ?
just sit back for a moment and grasp what has been achieved so far. a disruptive technology combined with an uncounted number enthusiasts/nutters stampeding through the forums, choo choo ing on every hick-up dwarfing the sheer cheering potential of even the goldbugs...
p2p, decentralized, money, internet, global AND already beating every fucking other asset that exists. 5 billion is dust compared to the figures of global trade, financial assets/investments, internet trade, etc, etc - literally less than a some flies shit in a zoo - but still you have central banks of G8 (oh wait - it is G 7 now
) members coming out with statements like this:
As they do with platform-based digital currencies, central
banks are studying and closely monitoring decentralized digital
currencies such as Bitcoin. There could be potential risks to
overall financial stability if Bitcoin became a signifi cant means
of payment and the Bitcoin system remained unstable
http://www.bankofcanada.ca/wp-content/uploads/2014/05/boc-review-spring14-fung.pdfin my opinion even the bears play an important role in delivering the bitcoin evangelium to the potential masses: if all would be only cheering, plenty of new potential investors (even small scale) wouldn´t take this community serious. it is the critical bears talk who is appealing to those (before they get sucked in
)
bitcoin is on a winning streak. even today at 445...
+1 for an insightful and levelheaded perspective, and just general awesomeness.
EDIT: oh, and by the way, congrats YipYip for being the first ever Hero member I put on ignore. Lay off the steroids for a while, mkay?
Don't you know that because price went from 10 to 1000, that it will go from 400 to 40000 just as easily?
And from 40,000 to 4,000,000 just as easily? Yeah, it is exactly the part I am not "getting". Perhaps because I am a mathematician and vaguely remember from school that amount of money in the Universe is finite
. But you are just trolling, right?
No u are being a troll moron
So crypto is @ 100 % saturation @ we have hit a retraction point of all potential market cap
Either you are trolling or are stupid Mathematics noob
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