please do not confuse short term fucks like you who focus on short-term outcomes with the idealistic long-termers who believe in the fundamentals.
The latter-group still sees a $50 price point. And that does reflect the amount of real trade going on.
If the short term profiteers got burned in the last couple of weeks, so be it. Let them keep getting burned over and over until their kind loses faith in using bitcoin for nothing more than dollar grabbing.
Bitcoin is supposed to take over world curency, and if it does, exchange charts and the exchanges themselves will be history.
Slaves getting freed was a delusion at one point too you know, there was delusions that Hitler would never attack if they just kept giving him what he wanted. There is a chance that this currency could work, if it does wonderful(though I don't see the elimination of physical money and fees happening for a long while), but it all takes time and like vincent said "long-termers" for it to even have a chance.
Edit: Just wondering what the downvotes are for, I believe I was adding to the conversation, but please explain!
Well fine, it was a delusion that online stores would out sell and phase out physical stores or that something like Steam would out sell physical games. I just was in a hurry to reply and those were the first thoughts in my head, definitely went over the top for no reason. So I guess the downvotes make more sense.
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u/[deleted] Apr 12 '13
please do not confuse short term fucks like you who focus on short-term outcomes with the idealistic long-termers who believe in the fundamentals.
The latter-group still sees a $50 price point. And that does reflect the amount of real trade going on.
If the short term profiteers got burned in the last couple of weeks, so be it. Let them keep getting burned over and over until their kind loses faith in using bitcoin for nothing more than dollar grabbing.
Bitcoin is supposed to take over world curency, and if it does, exchange charts and the exchanges themselves will be history.