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    Author Topic: Gold collapsing. Bitcoin UP.  (Read 2032320 times)
    cypherdoc (OP)
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    October 14, 2014, 05:41:26 PM
     #13821

    "Bitcoin, the currency, is a risky investment. But the potential of technologies that underpin it to disrupt the finance sector is looking like a safe bet. "

    http://www.economistinsights.com/technology-innovation/analysis/money-no-middleman/tab/1

    Therefor..bitcoin is a safebet.


    This is yet another instance of the common misunderstanding among finance/econ people that the currency and the blockchain are separable.

    But it's good that these people are seeing value in "the underlying technology". They did not 2 years ago.

    And I suspect that sometime in the next 2 years or so, it's going to dawn on a lot of these people that you can't use the technology without the unit/currency.
    Agreed. But I think it's going to happen a lot faster. Once you see value in the underlying technology it's only a matter of time before you tie things together. The world is now getting condition that the blockchain is amazing..and bitcoin..well it's just an app that may or may not survive. It shouldn't take long to flip the switch and realize that bitcoin's value makes the blockchain work.

    I like what I'm seeing..just need a "AHA" moment before the masses rush in. The infrastructure is getting to the point where it's almost capable of handling the rush.

    yeah, i think you're right.  especially with all of us pounding the education drum.  and you know banker-types are trawling this very forum.

    another key point is that 275 appears to be the bottom for this protracted bear.  as we grind higher, the financially astute will start to take notice yet again and put 2 and 2 together.

    The bitcoin price is now being covered by mass media. The love a climbing price so imo if we break into the 500's in the next 1-2 weeks we'll begin a huge rally off of the new found understanding of bitcoin and purely for the fact that we're going up...and we're much lower than where we came from.

    When people on cnbc are recommending bitcoin and their picks blow the other picks out of the water..people start listening

    http://www.cnbc.com/id/102078625

    i love that those guys have been talking about and speculating on Bitcoin for quite some time now.  alot of ppl tune in to them and it's great advertising.
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