Quote:
Originally Posted by Moon
As for the price of a Bitcoin on any given day? If you are focused on that then you have missed the point.
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true, oh wow there was a sudden jump or drop? so what? its what markets do, its like a pathetic pre-teen fad but amoung the financial sector, who know nothing about bitcoins, that same mob used to go giggly over pork belly futures not so long ago. if you're doing anything with bitcoins then just get on with it, no need to bleat on a load of rubbish about it when they clearly havent a clue.
it was just a curiosity for me back in the day and when i started exchange markets didnt yet exist, you could mine and trade bitcoins and nothing else. but as an interested geek i liked the concept of it and see the need for a global digital currency so i gave it a go with mining. today I could have retired if i hadn't spent most of my btc by now, but then again if i'd invested in Apple in high school maybe i could say the same there. 20-20 hindsight is meaningless. I dont think investing in bitcoins or apple today will yield thousandfold returns in ten years. I could be wrong, but the growth spurt of cryptocurrencies has been and gone and there is still profit to be made, just not on the scale early bitcoin adopters saw.
for something that started for me as a bit of fun its amazing to see where its reached, certainly further than i ever expected, its why i spent during an earlier boom as i expected a big crash, didnt think its level could be sustained but its plodding along at a good level. No idea where the true ceiling will be. Maybe it'll be reworked to satoshis and maybe they will level towards $1 each. Or maybe this will see the birth of the triganic pu at last
"The Triganic Pu is a unit of galactic currency, with an exchange rate of eight Ningis to one Pu. This is simple enough, but, since a Ningi is a triangular rubber coin six thousand eight hundred miles along each side, no one has ever collected enough to own one Pu. Ningis are not negotiable currency, because the Galactibanks refuse to deal in fiddling small change." - Douglas Adams
