04-10-2013, 04:20 AM
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Registered User
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Join Date: Jul 2003
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Posts: 31,779
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Quote:
Originally Posted by - Jesus Christ -
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Good read.
At the end of the page, the bottom line:
Quote:
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Yes, this is classic bubble logic. Yes, someday, many Bitcoin speculators will probably lose their shirts. And, no, there's no way to determine what Bitcoins are "actually worth." That's why I call Bitcoin the "perfect bubble." But what many folks who snicker smugly about "bubbles" don't seem to understand is that before some Bitcoin speculators lose their shirts, some other Bitcoin speculators are going to, well, coin it.
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