Those who fail to study history are doomed to repeat it. You ever hear of a bubble?
RE: Why I Think Bitcoin is Still Undervalued
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Why I Think Bitcoin is Still Undervalued
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we're nowhere near the potential of this technology and widespread adoption.... there WILL be a monster bubble, but that's nowhere near for the moment.
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Of course and I have said this before we will likely have more than one bubble - I still think that long term bitcoin will survive and thrive (although there may be rough patches along the way).
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Thinking outside the box here, they might eventually have to spin off a "bitcoin light" that is pegged to the dollar or to gold, at least. We are currently in the wild west phase of the this concept and anything is possible.
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Possible. I think as it is right now it makes sense for large purchases but you wouldn't want to buy a stick of gum with it! The transaction cost would be more than the gum itself.
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