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    Author Topic: The press turns against us?  (Read 2644 times)

    • adamstgBit
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    April 05, 2013, 11:16:59 PM
     #21
    if they call this a bubble, what will they call 400$ bitcoins???

    Bitcoin is not a bubble... bitcoin is a rice krispie square! snap, crackle, POP! Tongue

    Edit: seriously tho, what do you call it when an asset has a justified exponential increase in price?

  • justusranvier
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    April 05, 2013, 11:32:31 PM
     #22
    Quote from: adamstgBit on April 05, 2013, 11:16:59 PM
    Edit: seriously tho, what do you call it when an asset has a justified xponential increase in price?
    An adoption curve.

  • BTCisthefuture
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    April 06, 2013, 03:19:56 AM
     #23
    Quote from: crazy_rabbit on April 05, 2013, 01:38:48 PM
    Seems like the press starts to turn against bitcoin, perhaps out of jealously or just their desire to "see the world burn". All my google news stories include the word "bubble".

    1) I don't think the media cares either way when it comes to bitcoin, they are just reporting the news in this case

    2) It's very normal for anyone to say bitcoin is in a bubble, it very well might be.  Typically when things skyrocket in value in a short period of time it results in a bubble.

    People can argue all day weither or not BTC is in a bubble and if it's going to have a hard landing or not,  but it's certainly not weird for many people to view BTC as a bubble because it shows pretty much every sign you would need to show for something to be considered a bubble.
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  • freequant
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    April 06, 2013, 03:44:28 AM
     #24
    Quote from: impulse on April 05, 2013, 03:59:05 PM
    These articles are probably exactly what we need right now. If the popular sentiment is that we're in a bubble, we may manage to avoid becoming one.
    That. Bitcoins better stay in firm and knowledgeable hands.

  • superdork
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    April 06, 2013, 03:46:52 AM
     #25
    1- Most people have no idea what bitcoin is, how it works or what the fundamental concepts behind it are.

    2- That doesn't stop them from writing about it.

    3- Rational, well reasoned thought doesn't sell newspapers or get a lot of web views.
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  • mai77
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    April 06, 2013, 01:31:01 PM
     #26

    screw the presstitutes !

  • Zomdifros
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    April 06, 2013, 10:53:06 PM
     #27
    Quote from: justusranvier on April 05, 2013, 11:32:31 PM
    Quote from: adamstgBit on April 05, 2013, 11:16:59 PM
    Edit: seriously tho, what do you call it when an asset has a justified xponential increase in price?
    An adoption curve.

    I like this term. It's amazing how many journalists are unable to see the difference between a bubble and an adoption curve. When something has to start at zero but has the potential to be worth millions, there is by definition going to be a phase in which prices increase exponentially. On reddit, Nassim Taleb immediately got it when he stated that much of Bitcoin's current volatility was due to the low dollar value. Why is it so hard for journalists to understand?
    The Bitcoin Singularity is Near

  • mai77
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    April 06, 2013, 10:55:13 PM
     #28
    Quote from: crazy_rabbit on April 05, 2013, 01:38:48 PM
    desire to "see the world burn"

    sounds kinda jewish to me...

  • LightRider
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    April 06, 2013, 10:59:22 PM
     #29
    Maybe we should somehow hold them accountable or at least point out their flaws...

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