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i've sold some bitcoin for much more than i paid for it. i guarantee you, it wasn't painful. i have no thoughts on etherium. i guess 12M is a lot of dollars, b
by MarkPNeyer 12y ago
i've sold some bitcoin for much more than i paid for it. i guarantee you, it wasn't painful.
i have no thoughts on etherium. i guess 12M is a lot of dollars, but it's within an order of magnitude of the daily BTC volume. maybe if one guy used 12M worth of BTC to buy this, i'd share your suspicion.
- lifeisstillgood 12y agoI think, again like patio11, I need to write my own blog post on this to get my thoughts straight and valid. I guess my point is that a "normal" currency is used primarily within one country for all manner of "normal" transactions, and yet has a liquid exchange market where people want to trade with members of this currency. Bitcoin has some issues in this regard - half of all BTC transactions in 2013 were on one gambling site, I honestly don't know what the total trade value is not the total exchange liquidity / value but my "feel" is people are either staying in currency or cashing out. As for buying a new appreciation asset with the profits on my last appreciation asset - well, Ethereum feels like a bubble feeding another bubble, no matter what it's inherent properties might be. But like I said I am getting upvotes and downvotes all Over this issue and should back out and go do more research
- MarkPNeyer 12y agojust fyi, i upvoted you because your post looks rational, and thought out. please dont let these downvotes lead you to think all bitcoiners are nuts. we're just as full of partisans as any other group :-/