4 ms·

> It now appears the $3 to $33 prices for Bitcoin were due to speculation. Come on. Was it ever attributed to anything but speculation.

Eyght 15y ago
If it ever was, I would love to see that article.
- william42 15y ago
  http://falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/ http://falkvinge.net/2011/05/29/why-im-putting-all-my-saving... "the currency has increased in value one-thousandfold against the US dollar in fourteen months. Yes. Read that again: one-thousandfold, fourteen months. There is currently no indication it would stop or has saturated; quite the opposite."
  - krobertson 15y ago
    Wow. I'd hate to be him. :)
    - dennisgorelik 15y ago
      Somehow Jim Cramer with his infamous Bear Sterns prediction comes to mind: http://www.youtube.com/watch?v=gUkbdjetlY8 http://www.youtube.com/watch?v=gUkbdjetlY8 Note that Jim Cramer is still running his show.
alexhaefner 15y ago
yeah, I don't understand all the attention given to bitcoin. It's not like it's a system that's immune to systematic manipulation. Anyone operating under the assumption that bitcoin is a stable system is naive. I'm open to being wrong about my assumptions.
- jerguismi 15y ago
  > Anyone operating under the assumption that bitcoin is a stable system is naive. "Stable" as in exchange rate, no. But the bitcoin technology in itself is really solid, and will continue to work well.
itsnotvalid 15y ago
However the return of mining is hugely favored to the creator and the early adopters in a way that, if joined much later, there is little to no value in it. So the early adopters could promote them and we can just wait and see. Since the rest of us won't earn much by promoting it, so just mine 1 or 2 BC (still takes some efforts given the massive amount of bot-nets out there) and speculate.

4 ms·

> It now appears the $3 to $33 prices for Bitcoin were due to speculation. Come on. Was it ever attributed to anything but speculation.

by powertower 15y ago

Eyght 15y ago
If it ever was, I would love to see that article.
- william42 15y ago
  http://falkvinge.net/2011/05/29/why-im-putting-all-my-savings-into-bitcoin/ http://falkvinge.net/2011/05/29/why-im-putting-all-my-saving... "the currency has increased in value one-thousandfold against the US dollar in fourteen months. Yes. Read that again: one-thousandfold, fourteen months. There is currently no indication it would stop or has saturated; quite the opposite."
  - krobertson 15y ago
    Wow. I'd hate to be him. :)
    - dennisgorelik 15y ago
      Somehow Jim Cramer with his infamous Bear Sterns prediction comes to mind: http://www.youtube.com/watch?v=gUkbdjetlY8 http://www.youtube.com/watch?v=gUkbdjetlY8 Note that Jim Cramer is still running his show.
alexhaefner 15y ago
yeah, I don't understand all the attention given to bitcoin. It's not like it's a system that's immune to systematic manipulation. Anyone operating under the assumption that bitcoin is a stable system is naive. I'm open to being wrong about my assumptions.
- jerguismi 15y ago
  > Anyone operating under the assumption that bitcoin is a stable system is naive. "Stable" as in exchange rate, no. But the bitcoin technology in itself is really solid, and will continue to work well.
itsnotvalid 15y ago
However the return of mining is hugely favored to the creator and the early adopters in a way that, if joined much later, there is little to no value in it. So the early adopters could promote them and we can just wait and see. Since the rest of us won't earn much by promoting it, so just mine 1 or 2 BC (still takes some efforts given the massive amount of bot-nets out there) and speculate.