tag:blogger.com,1999:blog-5003361331769994263.post7838376940449345649..comments2023-09-09T06:38:06.990-06:00Comments on Pulling Ourselves Up Financially: Bitcoins will fail. Part 2Pulling Myself Uphttp://www.blogger.com/profile/03676667648941966869noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5003361331769994263.post-1012084379296934862013-12-05T04:46:27.026-07:002013-12-05T04:46:27.026-07:00An electronic precious metal is pretty accurate as...An electronic precious metal is pretty accurate as I think the same type of investor goes crazy for them. The anti-establishment anti-fiat hope the world burns type of person who instead of wanting to learn how our existing system works, dreams of a new system where they have the power.<br />Both gold and bitcoins are an asset and a tool. Nothing more.Pulling Myself Uphttps://www.blogger.com/profile/03676667648941966869noreply@blogger.comtag:blogger.com,1999:blog-5003361331769994263.post-68439369850653373972013-12-05T04:43:27.402-07:002013-12-05T04:43:27.402-07:00Bitcoins do have a chance to mature and stabilize ...Bitcoins do have a chance to mature and stabilize at some point very similar to the market for tulips. <br />I think you are approaching bitcoins well.... with a small position to try things out. I don't see that harm in that and hope it works out for you.Pulling Myself Uphttps://www.blogger.com/profile/03676667648941966869noreply@blogger.comtag:blogger.com,1999:blog-5003361331769994263.post-57656588846850881862013-12-04T21:42:04.641-07:002013-12-04T21:42:04.641-07:00Thanks for writing these articles, I now feel I ha...Thanks for writing these articles, I now feel I have a better understanding of bitcoins. Sort of seems like an electronic precious metal (it's finite), but with a lot more inherent problems from both the security and currency adoption standpoints.Compounding Incomehttps://www.blogger.com/profile/04207986983526689578noreply@blogger.comtag:blogger.com,1999:blog-5003361331769994263.post-8839687234421774962013-12-04T20:27:47.307-07:002013-12-04T20:27:47.307-07:00Very thought provoking series. On the balance of p...Very thought provoking series. On the balance of probabilities, there is every likelihood that bitcoins will fail and be worthless. It's not easy feat standing up a new payments system. I do think there is a very real chance that their value will eventually stabilize and not be subject to these recent manic swings, that won't be for some time to come. In the meantime, the real question is whether merchants will see latent value in accepting them as a form of payment, if they can remediate to cash. If the answer is yes, there could be real viability, if not, then as an alternate store of value is the best that BTC can hope for,Integratorhttp://financiallyintegrated.comnoreply@blogger.com