True but the video brought up great points on both pros and cons.. so it's not like it was a fluff piece. There is content with purpose.
What's more likely at this point? Bitcoin going back above 300 this year or going below 100? I'd bet on below 100 after this breakdown.
Reading stories of when the price crashed from $34 down to $2 in 2011. This is nothing. Everything about bitcoin relating to development and regulation has improved tenfold. NY bit license is about to come out, and the ETF funds should be on this year. I wouldn't count on buying at 100.. start buying now in increments. I've been buying since 600, and I'm not fazed. This is a prime opportunity
Bitcoin will be fine. Lurkers will start buying Bitcoin once it goes down below $200 just because it is a "safe bet." Still not a better cryptocurrency compare to Peercoin.
Damn, I might buy to flip once the price eventually skyrockets back up. On a side note, browsing r/bitcoin is hilarious. Somebody over there is mad because people are treating bitcoin strictly like a commodity and speculating LOL.
The fundamental ideas of Peercoin are great, but honestly the only reason I'd buy any of these cryptocurrencies is to exploit the price fluctuations and fatten my wallet. I'm not an idealist, I just want that cash money yo.
Well if you drop $100 to Peercoin when it goes down to $0.20, you'll get 500 PPC. Wait for it to reach $1 per PPCoin and you'll get $400 in profit, a 400% return on investment. It is easier said than done, but you get the point.
That is if BTC doesn't crash to $100 and PPC crashes to $.01 as a result. It's far safer to put money into BTC than PPC at this point.
everything thats now worth something to society in the history of everything has always begun as speculation... oil, gold, motor vehicles, planes, electricity If that's what you're going for this is definitely a good price to start a position.. but the idea is this. buy and hold with a long position and watch the blockchain revolutionize everything, sending the price up and up... when most people end up 'using bitcoin' they won't even know they're using it. but anyone reading this could be one of the few that gets to buy multiple, whole bitcoin at these prices. Owning a whole bitcoin will be a huge deal in the future. people will have bits, not whole bitcoins, in the future. <img src = http://media.coindesk.com/2014/03/BjP4akHCIAIaqcy.jpg>
Ganja, why won't Bitcoin go the way of Esperanto and the Dvorak keyboard? http://en.wikipedia.org/wiki/Esperanto http://en.wikipedia.org/wiki/Dvorak_Simplified_Keyboard
I will pass. The idea behind bitcoin; cryptocurrency might have potential, but there is no guarantee Bitcoin itself will be leading the way.
not sure if srs... but did these attempts at innovation really offer a transcendent step forward in functional utility? thats what blockchain/BTC does. thats what the internet (HTTP, TCP/IP) did as well. Oil, AC/DC current, magnetic induction, airplanes... its an ever expandable, improvable protocol... like the internet.. the features that get it 'leading the way' are being and will be built. the antifragility of the system along with the network effects are basically unstoppable
Dvorak Keyboard was revolutionary. Its the best way to type. Sadly, the QWERTY keyboard came out first. Educating new consumer is hard, so we got stuck with QWERTY.
but theres nothing transcendent about it. its still just typing. btc/blockchain only furthers the reach and efficiency of our existing fiat system. perhaps plugging some of the holes and cracks in the system. its not there to take down or compete with our existing system, it only seeks to make it more efficient and accessible. thats how everyone who is going to make money on this sees it.
Right, but that does not mean Bitcoin will be the de facto cryptocurrency that leads the way. It could very well be plausible that Bitcoin dies and other cryptocurrencies with a less inflationary model rise to prominence. There are very real fears of Bitcoin dying right now. Investor confidence it seems is shattered.
btc has all the downhill momentum to be the 'reserve crypto' PPC or another with different properties will take hold if the market demands it. but BTC is here to stay and grow into a reserve commodity
anyone who has been around bitcoin for years isn't fearing anything.. this is only a chance to get more for less $. less inflationary? btc will be deflationary once there are demands and use cases for it.. supply currently outpaces demand confidence is shattered for those who seek short term gains...
