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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Don Green who wrote (19979)	9/19/2017 2:10:55 PM
From: The Ox	Read Replies (1) \| Respond to of 33421

I think we are early in the process, since I believe that there's going to be a longer life to crypto's than so many out there believe. This is why I used the automobile as the analogy. Benz developed what is considered the first production car in 1885 and it was 40 years later that the model T was produced. At best we are in the early 20th century, Model A period (IMO). en.wikipedia.org

To: Don Green who wrote (19979)	9/20/2017 12:31:49 AM
From: Elroy	3 Recommendations Recommended By Don Green John Pitera roguedolphin Respond to of 33421

I feel the reason so many are so negative on it is not because they are worried about investors in general. But I think many feel threatened by the new technology and how it will change their bottom line or dominance or control in their markets I think the reason many established entities are so negative on Bitcoin is because someone else already owns most of it (I think there are about 16 million Bitcoins currently mined, and the total number to ever come into existence is 21 million). If you're a billionaire if regular money, and don't yet own any Bitcoin, what's the point of supporting a new currency where someone else already owns all of it?