The exponential growth of Bitcoin value explained
bitcoinowl.com
The exponential growth of Bitcoin value explained
1–10 of 56 posts
Re: The exponential growth of Bitcoin value explained
#2Bitcoin's rise in value will reflect the same curve that rise of information has taken:
http://peculium.net/2013/04/08/bitcoin-is-a-bubble-only-if-y...
Straight up is also a curve.
Re: The exponential growth of Bitcoin value explained
#3how legit is this?
because I'd love to buy me some bitcoins right now
Re: The exponential growth of Bitcoin value explained
#4how legit is this? because I'd love to buy me some bitcoins right now
Nobody knows the future. Especially not people speculating on a cryptocurrency that's breaking new ground.
Fair comment: I own bitcoins and plan to keep them for quite a while yet.
Re: The exponential growth of Bitcoin value explained
#5how legit is this? because I'd love to buy me some bitcoins right now
It's pure speculation if not wishful thinking by someone who likely has a lot of BTC they'd like to see continue to rise.
No one can, with any certainty, predict the future like this article claims to be able to do.
Re: The exponential growth of Bitcoin value explained
#6The article just supposes that Bitcoin is the next big thing and then it portrays where we might be in terms of adoption if indeed the supposition is right.
But I would rather want to know why people are adopting Bitcoin and what they are exchanging it for. That way I could truely understand the Bitcoin economy and whether it is actually the next big thing or not.
I don't want to be a harsh critic but I always get my hopes up for nothing with these kind of articles.
Re: The exponential growth of Bitcoin value explained
#7how legit is this? because I'd love to buy me some bitcoins right now
Do you think the price of bitcoins will rise over the next x years? What value of money y could you lose and be able to shrug it off?
Buy $y of bitcoins, and write yourself a guarantee that you'll sell it in today + x years.
Value for me a while ago of y was $1,500 and x was five years, and I buy $150 a month every month on the same day, with a get-out clause at a specific valuation.
Re: The exponential growth of Bitcoin value explained
#8The article asserts this:
"All technologies eventually become outdated"
There are easy counterexamples:
* Wheels
* Fire
* Knives
These are technologies that predate written records (did I mention writing as another example?) yet they all remain use and are actually fundamental in our daily lives. I am not going to claim that fiat currency will be so enduring, but I see no reason to assume that it will be replaced by anything short of a post-scarcity age.
Re: The exponential growth of Bitcoin value explained
#9Someone said that current BTC is more like to target of speculation/venture rather than a device for exchange because it's too unstable.
He also said, if you want speculative investment, do whatever on BTC. But if you want a real money for value exchange, BTC is not yet for that.
I think that sounds reasonable.
Re: The exponential growth of Bitcoin value explained
#10The article asserts this: "All technologies eventually become outdated" There are easy counterexamples: * Wheels * Fire * Knives These are technologies that predate written records (did I mention writing as another example?) yet they all remain use and are actually fundamental in our daily lives. I am not going to claim that fiat currency will be so enduring, but I see no reason to assume that it will be replaced by…
fire superseded by central heating and electric fires
knives superseded by guns (weapons) and fork (cutlery).
I'll give you the wheel only because I'm still waiting for my hovercar