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If this was so obvious to you in the hindsight, you could have made a ton of money by backing this with investments.

• teekert 9y ago
  Only if he knew that it wasn't obvious to anyone else ;). I guess people that have been playing with crypto currencies for a long time (like me) have been having a lot of "wtf, why now" moments lately. I find myself explaining blockchains at birthdays all of a sudden. No one cared whe I first started voicing my enthusiasm over this tech in 2011 or so and then again in 2014. I didn't get rich from it, I really don't understand why people want BTC just at the point the transaction costs are insane and the political situation is unclear with all the forks and such. In 2014 I settled beer bills over BTC and transactions costs were negligible. It was pure fun. Strange world.
  • asaph 9y ago
    > I really don't understand why people want BTC just at the point the transaction costs are insane ... The value of bitcoin increased tenfold in 1 year. They just want to get rich.
  • sandworm101 9y ago
    >> have been having a lot of "wtf, why now" moments Because the market is dominated by irrational actors. Other markets are dominated by large corporate entities who, as a rule, move according to established principals backed by a body of government regulations. The BC market is dominated by naive small investors and shady large players. The small players are dumping money in on the expectation of getting rich. The big players are leveraging the lack of regulation to pull tricks that they could not in other markets, tricks that look strange and irrational to anyone who doesn't know the game. So prices move wildly based on a combination of fashion and intrigue.