Can someone explain to me Bitcoins? [2013]

Discussion in 'General Discussion' started by fehu, Jun 30, 2013.

  1. Davros

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    But at least they are valued correctly
    [​IMG]
     
  2. Putas

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    OK, you could've just said you have nothing to support your opinion.
     
  3. Daozang

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    I agreed with you.
    A part of the market activity is based on fundamental analysis.
    I think that it is not an extraordinary claim that part of the market is also based on faith.
     
  4. Putas

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    I also don't think it is an extraordinary claim, but that's not what you started with.
     
  5. Daozang

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    My initial point, that I clearly did not convey successfully, was, that if someone is looking for cults, he will eventually find them even in the most unlikely places.
    That being said, the financial sector is not the most unlikely place to find cults in.
     
  6. dskneo

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    "Fundamental analysis" are not "laws" that were found in the universe like math or physics. They are unicorn laws.

    Patterns repeat themselves once everybody stars following them. Its the mass belief they do something that makes them relevant. This is 100% faith that everybody else will see what you see in the "analyses".

    So the argument that regular stocks follow fundamentas but not crypto to validade stocks and dismiss crypto is wrong. Both follow speculation (guessing the future) and both follow fundamental analysis voodoo hive mind.

    Its better to argue that typical stocks are based on companies that provide services or products. But wait a minute, so does Ethereum... uhm.
     
  7. Daozang

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    I think you have fundamental analysis confused, with technical analysis.
    Other than that, you can argue the value of what ethereum might bring to the table as a service.
     
  8. pascal

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    I understand the concept. Very good!
    But everything produce something.
    The ethereal Bitcoin can produce values mobility and storage.
    Apple is in part an aesthetic business (less is more).
    Facebook is social connection and feelings (you cant touch it).

    Maybe the bitcoin concept could be improved, specially the energy side.
     
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