What If The Bitcoin Bubble Already Popped?
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Those who have properly positioned themselves are having wealth transferred to them in ever increasing amounts. The market is telling the gold bugs their purchasing power is moving to bitcoin holders.
Wealth transfer at work, baby! But then math can seem like mystery magic to some. We did an interview on Bitcoin which, to toot my own horn, I think turned out pretty well. Our interviewer showed one of the bitcoin price chart 2011 movies important traits an investor can have: For some Bitcoin may bitcoin price chart 2011 movies complex.
You know, iPhones, text messages and movies are magic also. Bitcoin is actually pretty simple; it is just math. After all, do you want to be the guy that asks, "How big is yellow? To be honest, I am having a very difficult time attempting to value bitcoins and prognosticate a price.
Plus, there could be some type of attack on the network or other issue that could make all the purchasing power of bitcoins completely evaporate. Mark my words, sometime inthe Bitcoin economy will be larger than that of a bitcoin price chart 2011 movies small nations.
But you are dealing with a community of secret keepers so getting accurate numbers is difficult if not impossible. Some people have tried to distill various metrics down and have come up with a current growth rate around.
How can you trust the traditional banking, financial and monetary system? But, in a way, you have to trust it. Until now you have had no alternative or substitute. You have had to bear counter-party and performance risks. The Great Credit Contraction is in full force. Those who have moved into safe and liquid assets are having wealth transferred to them at bitcoin price chart 2011 movies ever increasing rate.
Go ahead, get some bitcoins and give it a try. What do you have to lose, really? I told you my thoughts. By all means, please leave your thoughts in a comment. All rights reserved -