Bitcoin is too volatile to be taken seriously

I know bitcoin is a tulip bubble, but I didnt realize that it was possible for everyone in the world to get in on it. Now that China and Europe and north America is all in on it, we have a massive tulip bubb;e then envelops the whole world.

This makes me believe the group that created bitcoin did it on purpose, they wanted to create the bigggest ponzi ever made.

Today bitcoins MC is 10 billion. If bitcoin goes to 100.000 then the marketcap is 1 trillion dollars. Does that seem likely? If bitcoin goes to $million a BTC thats 10 trillion dollars. So at the most we have a 100:1 increase, since 10 trillion dollars in bitcoin doesnt make sense. The GDP of USA is only 15 trillion. My max is therefore 1 trillion.

Dont forget the marketcap of litecoin and others. If all other currencies are 0,5* marketcap bitcoin, bitcoin at $100k would mean 1.5 trillion dollars in this ponzi scheme (+copycats)

Now lets predict, can this happen? Can the ponzi grow even bigger? China and Europe finally got in on it, who else can join the party? The problem is you cant predict this... I wish I could. This 10 billlion MC could be the top of the tulip, or not...

If bitcoin reaches 1 trillion MC, Bitcoin will go in history as the biggest ponzi since the tulip bubble. I believe there has never been a ponzi where every country in the world was a victim.

Does China have experience with tulip ponzis? If they dont this could be a massive wealth transfer from China to the bitcoin creators, who may be the USA. Chinese may fuel it to 100 billion MC at least. But for that the billionaires in china need to start playing.
 
there are differences between Ponzi scheme which this is not and pyramid scheme.

One could also argue that the stock market is a pyramid scheme.

whatever the case, the bottom line is you can still make a profit. Instead of arguing if it is or isn't. we should figure out what point along the line we are in....so we can either profit or stay out.

HOI may have said this in the past. Don't look at this as a coin but more like a movement with a protocol that may change the way we transact for certain things in the future. If you accept my coins and someone after you accepts your coins the movement is heading in the right direction...How far are we in this?
 
Quote from ElCubano:

there are differences between Ponzi scheme which this is not and pyramid scheme.

One could also argue that the stock market is a pyramid scheme.

whatever the case, the bottom line is you can still make a profit. Instead of arguing if it is or isn't. we should figure out what point along the line we are in....so we can either profit or stay out.

HOI may have said this in the past. Don't look at this as a coin but more like a movement with a protocol that may change the way we transact for certain things in the future. If you accept my coins and someone after you accepts your coins the movement is heading in the right direction...How far are we in this?
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Maybe the NSA created bitcoin as a way to scam the chinese. It would be ingenious.
The creator is "Japanese". This could be the start of a false flag war between Japan and China.
 
Quote from failed_trad3r:

I know bitcoin is a tulip bubble, but I didnt realize that it was possible for everyone in the world to get in on it. Now that China and Europe and north America is all in on it, we have a massive tulip bubb;e then envelops the whole world.

This makes me believe the group that created bitcoin did it on purpose, they wanted to create the bigggest ponzi ever made.

Today bitcoins MC is 10 billion. If bitcoin goes to 100.000 then the marketcap is 1 trillion dollars. Does that seem likely? If bitcoin goes to $million a BTC thats 10 trillion dollars. So at the most we have a 100:1 increase, since 10 trillion dollars in bitcoin doesnt make sense. The GDP of USA is only 15 trillion. My max is therefore 1 trillion.

Dont forget the marketcap of litecoin and others. If all other currencies are 0,5* marketcap bitcoin, bitcoin at $100k would mean 1.5 trillion dollars in this ponzi scheme (+copycats)

Now lets predict, can this happen? Can the ponzi grow even bigger? China and Europe finally got in on it, who else can join the party? The problem is you cant predict this... I wish I could. This 10 billlion MC could be the top of the tulip, or not...

If bitcoin reaches 1 trillion MC, Bitcoin will go in history as the biggest ponzi since the tulip bubble. I believe there has never been a ponzi where every country in the world was a victim.

Does China have experience with tulip ponzis? If they dont this could be a massive wealth transfer from China to the bitcoin creators, who may be the USA. Chinese may fuel it to 100 billion MC at least. But for that the billionaires in china need to start playing.
More...

You are wrong on 2 points. One you don't understand what a Ponzi is (see my previous posts). and two, if you call this a Ponzi then the largest all times is not Bitcoin but the USD:
Just try to understand this:
http://www.youtube.com/watch?v=iFDe5kUUyT0
 
Quote from Trader.Fighter:

Bitcoins can used for money laundry, therefore, it will be in the best interest of governments to destroy it.

Just give it enough time.
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So can a slew of others things be used to launder money.

If this continues its growth. It will be a small portion of the entire picture. Just like perhaps 1 night club in 50 launder money.
 
Quote from Trader.Fighter:

Bitcoins can used for money laundry, therefore, it will be in the best interest of governments to destroy it.

Just give it enough time.
More...

USD can used for money laundry, therefore, it will be in the best interest of governments to destroy it.

:) :)
 
Quote from ElCubano:

So can a slew of others things be used to launder money.

If this continues its growth. It will be a small portion of the entire picture. Just like perhaps 1 night club in 50 launder money.
More...

Yes, obviously, but not like this, the lack of control is staggering.
 
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