Bitcoin Forum

Don't miss the train! The next stop shall be in $20 range.  ;D

i think they all did.

Who is they?

Absolutely.

I am still reading about the gold-bugs, Austrian economists, and hard money enthusiasts debating about which is better for 2013: gold or silver?

Meanwhile, bitcoin is road-rollering both those relics into the dust...

yup

i still didn't completely cover my short, and now i have to go to bed! F#*$ing S#$T $#%&#$%@ $#%&#$%@   ^^ Bitcoins!

It is so interesting it just hit 16.71!

http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=1&i=1-min&c=1&s=2013-01-21&e=2013-01-22&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&

I don't see it.

YOU LIE!

(only gox prices count)

Not me. Panic holding since $6.  ;D

There's no reason they can't coexist. :)

http://mises.org/money/2s11.asp

I was reading someone last night who was asserting that "copper is the new silver."

Yes, yes I am. ;)

riding the bull to its fullest extent is one of the hardest things to do in markets.

Man, I thought it would take at least a year before Bitcoin made me rich.    :D

This has been a great ride for me. Even during the downturns.

I saw it under "Last price" at the gox.It looks like it will be going higher today hopefully.

"Last price" is influenced by bitcoin markets in other currencies.

FTFY!  ;)
Re-upping with BTC profit is the best part

In my observation, Bitcoin is really a gigantic roller coaster that often goes on a continuous one-sided market route: in the past history, it went up all the way from $1 to $31, and down from $31 to $2. Now is the second round from $2 to a unpredictable height. What a run!

This time I see almost no walls. Most of the walls are fake walls. We are in mania phase. For sure!

i cant wait for another hack/crash to do this all over again..

Once this hits $18.50 I'm selling BTC100.

Then it'll very quickly panic and drop down to $8.50.

I'll then buy BTC217.

Then in October it'll be back $18.50

*Fingers Crossed*

Yeah, you're right - we didn't see that CRASH you called for this past weekend (Jan 19th-20th). You meant CRASH UP, right?

Oh the hilarity...

I don't think BTC100 is enough to start a panic considering BTC12,000 dumps don't really phase MtGox anymore.

It's like the topic of a Chinese novel "The Besieged City" - the people inside the walls wanted to go out of it while the much more crowds outside were too eagerly going inside. The problem of Bitcoins is that ...

A quick glance at the depth chart will give you an idea of how many you need to sell to start a panic. Roughly 3500BTC willl drop us to $17... about 15000BTC will take us to $16.50. I guess the question is, where is the threshold? 100 BTC isn't going to do much.

I don't think DobZombie meant that selling his BTC100 would cause the panic.

Spot on not me :)

I meant to say that shortly after I sell off my bitcoins, everyone will panic (as they ALWAYS do)

He couldn't have been serious. Copper is at 27 cents per troy ounce now. That's 100 times less than silver. How on earth can you substitute one low-density monetary metal for another that has 100th the value per weight unit? To pay for $20 of groceries you'd need 5 pounds of copper at current prices.

That being said, I think Bitcoin will slowly take over silver's role as the money with marketability in the small (lowest bid/ask spread for low value transactions), while gold will remain the money used for marketability in the large (large market depth).

+1

Yeah, copper is not a viable monetary substitute for silver.  Nickel has a better chance of becoming useful as a low-denomination hard metal hedge:

http://www.cnbc.com/id/44788851/Kyle_Bass039s_Nickel_Collection

Temporary stop is over. Here we go!

Lesson learned: If there are 1000 BTC for sale at 18.77 and 1000 BTC demand at 18.70, it takes only a 0.07 USD change of mind for either side to close.

Never ever miss the bitcoin train. Buy & hold Bitcoin is the best strategy.

Yep.  Dollar cost average with each paycheck.  Spend a few when you are sitting on enough profit that you start to feel uncomfortable.

Yes. And cost benefit ratio has been / willl be amazing. Spend away.