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Fool me once, shame on etc. Bitcoin only gets so many chances in the public eye. It's broken through enough that enough people are paying attention to Bitcoin

Fool me once, shame on etc. Bitcoin only gets so many chances in the public eye. It's broken through enough that enough people are paying attention to Bitcoin. And it's just in time to watch the textbook crash--(https://en.wikipedia.org/wiki/File:Stages_of_a_bubble.png https://en.wikipedia.org/wiki/File:Stages_of_a_bubble.png). "Where will Bitcoin be a year from now?" Oh--isn't that that one currency that people lost a lot of money in 2013? Litecoin? BitBucks? Good luck getting anyone to take it seriously again.

robbiep 14y ago
You could say the same re the stock market about various swings etc In my opinion the current volatility is more a sign of the immaturity of the investors rather than the underlying concept being flawed (many markets are conceptually flawed and absurd from an independent viewpoint however human psychology maintains some weird interest in them that keeps them afloat) The current volatility is clearly a bubble and the best explanation that I like is that all these computer nerds across the world who haven't been involved with stock markets before have dropped their cash on bitcoins and facilitated the bubble and are unaware of the law of bubbles; that is; that they pop
- billybob255 14y ago
  The stock market has at least some value in the equity owned, bitcoins are the ultimate castle in the air investment. That doesn't mean people shouldn't use them, but they're a pretty poor investment.
  - shredfvz 14y ago
    Bitcoins have at least some value on the Deep Web, the stock market is the ultimate castle in the air investment. That doesn't mean people shouldn't use it, but it's a pretty poor investment. I continue to watch the Wall Street bubble unfold, fascinated, popcorn at the ready. In the end it'll be like sending herds of cattle through a cheese grater.
rhizome 14y ago
"No one ever went broke underestimating the intelligence of the...public." -HL Mencken

robbiep 14y ago

You could say the same re the stock market about various swings etc In my opinion the current volatility is more a sign of the immaturity of the investors rather than the underlying concept being flawed (many markets are conceptually flawed and absurd from an independent viewpoint however human psychology maintains some weird interest in them that keeps them afloat) The current volatility is clearly a bubble and the best explanation that I like is that all these computer nerds across the world who haven't been involved with stock markets before have dropped their cash on bitcoins and facilitated the bubble and are unaware of the law of bubbles; that is; that they pop

billybob255 14y ago
The stock market has at least some value in the equity owned, bitcoins are the ultimate castle in the air investment. That doesn't mean people shouldn't use them, but they're a pretty poor investment.
- shredfvz 14y ago
  Bitcoins have at least some value on the Deep Web, the stock market is the ultimate castle in the air investment. That doesn't mean people shouldn't use it, but it's a pretty poor investment. I continue to watch the Wall Street bubble unfold, fascinated, popcorn at the ready. In the end it'll be like sending herds of cattle through a cheese grater.

rhizome 14y ago

"No one ever went broke underestimating the intelligence of the...public." -HL Mencken