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BIT COIN (S)
- Thread starter bol-uk
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Kev The Rat
Player Valuation: £70m
The naysayers here and elsewhere are going to be the people who push btc from 100k to 1m.
Care to show your working out Kev?
What daft logic... How do you work that out?
surely we're at the top when cryptocurrency hits Facebook?
Blue83
Player Valuation: £25m
1m is a lot to ask for, not totally out of the realms of possibility
However 500k is entirely possible as 500k per coin would hold a market cap equal to 15% of the worlds total store of value
Do you think adults turning into their 20's/30's who have been brought up on technology will prefer to invest in Gold as a store of value or this fascinating ground breaking technology with a hell of a lot of diversity.
Look at Korea & Japan they are renowned for being at the forefront of technology and they are all falling over each other to buy Bitcoin and alt coins
We're not even at 1% global population adoption yet
A new challenger enters the ring.
As an adult in my late 20s, who has been brought up on technology I can tell you that I wouldn't touch bitcoin with a 10 ft pole mate and would buy the gold instead. I'm risk averse and I cannot see anything driving up the value other than speculators wanting to buy an asset and hoping someone else down the line will pay them more than they paid for it.
Can you provide some citations about Korea and Japan falling over each other to buy Bitcoin? Lots of people want to buy it at the moment, however nobody actually wants to use it or even sell it. Either way, that's still a fallacy of arguing from populism. Simply because lots of people are buying it doesn't necessarily make it a wise investment.
People have been talking about it on Facebook since 2014 though or at least in my circles.surely we're at the top when cryptocurrency hits Facebook?
I'd have love to have seen someone accurately predict that litecoin was going to rise in value that much. That's not an investment decision, its a blind gamble.
Kev The Rat
Player Valuation: £70m
Bitcoin has the attribute of an asset class but its more like an uptake curve.
sounds like a desperate sales pitch this to be honest mate
I'm in my thirties and i'd rather have gold. Its value is solid (excuse the pun). Its also a tangible item that is worth something
As for Bitcoin. A virus and a massive power failure, fire, flood or theft and boom there goes your currency. Much like those incidents last year.
What's interesting is that how amateurish these bitcoin mines/farms are and that no big companies who own massive data facilities wish to get involved even though they have more secure and better controlled environments.
I can't speak for (south) Korea but Japan and China have been buying a lot of the worlds gold due to the fluctuation of the Euro and dollar and the uncertain times we live in. I doubt they are heavily invested in bitcoin.
Something that is being looked at being banned in parts of the world.
The thing is if the markets and brokerage houses and the financial analysts are uncertain or won't touch it then it will fail.
Also it seems like anyone who is pro bitcoin drank some sort of brainwashing drink and they all sing from the same tune. All you have to do is look at their forums. Its a much akin to our Everton forum over the last 3 months. Trying to convince each other how great our team is even though we suck and then the petty squabbles follow by the reassurances from someone you have or will never meet. Thats their forums about bitcoin and its like.
I've spent the past day with a blockchain startup who earlier this year raised around €22 million (via an ICO of course). They couldn't explain why it's going up in value. I'd say they're pretty well versed in the technology. Suffice to say, they also thought it had plenty of growth yet, so it's perhaps not that surprising that they likened themselves to evangelicals.
Azzurri
Player Valuation: £70m
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