The Bitcoin Tracking Thread

[Neuro]

I get your sarcasm, but actually, it is different this time, because this is the first time in human history a crypto-currency has taken hold of the world economy. This truly is uncharted grounds here. Consider that the audience and potential users of bitcoin is everyone in the world. It's not a local currency or even a national currency, it's a world wide currency.

For the erecord, gold and silver are also world wide currencies.

Sure, it was different with the Internet bubble 2000 also, Internet companies were not to be valued according to how other companies were valued according to assets and profits, it was called a paradigm shift... With bitcoins you really have the ultimate bubble product, cause there is absolutely no way of determining its proper value, it could be $100,000 or it could be $1/100,000, it is all in the eye of the beholder. Right now the holders are probably the very few that started it, and mined millions of it when it was easy a couple of years ago, and a bunch of young people who don't have much money, but put what they could scrape together into bitcoins. The first group is making a killing, selling to the speculators coming in now. VERY unstable market!