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December 13th, 2017 at 12:50 pm
yes things bubble, but gold is still around, the NASDAQ is still around, so it's sort of like, you're argument defeats itself. Sure things bubble, so that makes crypto/bitcoin exactly the same, not "you'll tell me this time how it's different," so let me make my own arguments and you don't need to make them for me. And while we are at it, remember that "idiots" make all sorts of logical errors. For example, I'm an "idiot" because I realize fiat currency is a SYSTEM OF TRUST. It isn't actually anything that's like, a "real thing." How unbelievable in my mind anyone could see it any other way. When someone says new money "cannot be created out of thin air" is a strange statement, since this is exactly how the system works. YOU JUST HAPPEN TO TRUST IT. So when a system comes out that is a MORE EFFICIENT SYSTEM OF TRUST, that's interesting. I never said it would be big, just that it COULD be big, and I said it while I bought this unit based system at $8 in 2012 and I'll say the same thing now.
See how that works? I'm price agnostic and you're not. The rest is a backward looking tale of "when to sell" which is 100% wrong unless you are looking in the rearview mirror like selling bitcoin at $700 in 2014, for example.
Also, BTC does NOT need to be bought to buy other coins, coinbase directly offers LTC and ETH and bitter and colonies and others have cash accounting and offer all of their coins on the exchange in USD markets.