Bitcoin Forum

Bitcoin is not in a bubble!

this is a correction due high adoption, i believe the market price is still very much underestimating the magnitude of adoption happening right now. people will start to use bitcoin to buy stuff from friends and pretty soon all kinds of people will order pizza in bitcoin.  some pizzerias will find suppliers willing to take bitcoin as payment ( keep reading its about to get wild!   ;) ) all of a sudden everyone in the world wants to give this bitcoin thing "a try" thats when the speculators get really fucking scared and  literally start DUMPING all their dollars into bitcoin, so.... who is going to hold all these dollars traded for bitcoin? NO ONE WILL want these fucking dollars, this will create massive amounts of inflation, the likes of which the world has never seen b4, creating even more demand for the coins, which inturn creates even more inflation!!! 7 days later all banks are bankrupt as everyone takes control of their money.

In the end 1BTC = 1 million BigMacs ( dollars will be worthless, so we will have to price bitcoin in BigMacs naturally )

;D

http://s14.postimg.org/e41uklmw1/omg_cool.png

http://www.youtube.com/watch?v=A7TuFy0fcuw
BITCOIN IS A BBBBBUUUUUBBBLLLLEEE!!!  :D

If so, I want them to add Bitcoin to this.

http://en.wikipedia.org/wiki/Big_Mac_Index

LMAO!!! Love the way proudhon is the lone voice of the bears!

Lol! I thought we established it's not a bubble... it's a snowball!

Bitcoin can be massively adopted only when it would have some price stability.

No chance we'll see people spending lot of their bitcoins because they hope it's value will rise and no chance we'll see merchants massively accepting bitcoins when there is a constant fear of bubble and crash.

It's simple as that, some tech internet companies might adapt it but until bitcoins stop to be hugely speculative stuff there'll be no mass adoption.

How do you define mass adoption? People spending their BTC? Or people hoarding their BTC? Still mass adoption of the coin either way. And as all the data suggests do to bank account confiscations and precious metal confiscations now occurring in Europe there is a flood of people adopting BTC.

Once you've seen a decent return on your coins, you feel happy to spend a few. I tend to imagine them as the price which I bought in at, and everything just keeps getting cheaper. If we ever see the day when I can pay for a new car in Bitcoin, I will probably buy one - and it will probably cost me about £10  :D

Shit... i'm already there :) It is a good feeling to have! And yet I having nothing to some early adopters that have thousands of coins.

My only regret so far is that I didn't buy in sooner. I could have had twice as many coins... But I still feel incredibly lucky and priviliged that I got in when I did.

That's the best way to look at it. Just imagine BTC at $50,000. Over time early adopters will slowly cash out and the average # of BTC held per person will go down.

Any price point speculations for tomorrow? I'm thinking it will rally after it hits 200 and go up to 210-220 then take a dip back down to the 200s.

*If* it gets that high, (and its still a big if) there won't be any cashing out as such - just people buying their yachts etc. directly with coins.

I'd rather not break 200 tomorrow. Can't we level out again just for a few more days, just around 190-195? Just give us a chance to breathe, please!

I define it the mass adoption as OP said it - paying pizza with it, pizzerias paying suppliers, they paying their suppliers etc..

No chance those kind of businesses are going to massively adapt bitcoins unless it's tied with fiat value. Supplier doesn't want to sell his good to pizzeria just to find that bitcoin went 15% down while he was driving back what would eat all his profit on that transaction.

they can all use bitpay and secure their earning in USD at the time of the TX, wont make a difference, its still going to snowball!

"good money drives out bad money" or something like that...

They could but they won't ;)

It's one thing to mine, speculate or invest some play money, it's other to run daily small business on speculation how much your good are going to be worth in 10 minutes.

So much win in this picture.

I just saw the bull and everyone, scrolled over and started laughing.

Thank you for that picture Adam.

http://www.timeanddate.com/countdown/to?iso=20130410T00&p0=205&msg=Bitcoin+Bubble+goes+POP%21&csz=1


be aware !!

Where can I use my bitcoins on a hooker?

The Dow Jones had a big rally in 2007. When the housing bubble burst, I saw a lot of broke and sad people. Some committed suicide...

But look on the bright side- bubbles come and go- DJ is again in the same levels as the beginning of 2007.

Bitcoin will burst, fall and then shoot up again way past $200.

Your greed sees in the short-term. Wisdom sees in the long run.

Your story is my master plan. I am too late to afford any bitcoins apart from the 0.16 I own. But after the big crash I am in the game and buy several coins and watch the numbers climb to $200 again.  ;D

Keep dreaming. How can you not panic buy?

Yeah, what a shame  ;D

First because the bubble will explode next week, second because if not.. then there seems to be potential that I can even get rich with my 0.16 b in the next years. And third.. as said I can´t afford to panic buy at a price of $200 per coin ;) I am just a german poor men under angela merkels dictatorship. They milk us here pretty much so that there is not much place for aggressive speculation :D

Man, you don't need to buy 1 btc, try to put in like 50€ at a time, or less. Start doing things, like handmade shit, and sell it for btc  ;)

Why is it a bubble and not an unprecedented hyper-monetization event? (http://konradsgraf.squarespace.com/blog1/2013/4/6/hyper-monetization-questioning-the-bitcoin-bubble-bubble.html)

The world has never seen anything like Bitcoin before. Don't be so sure you can compare it to tulips and houses. Try actually comparing the fundamentals of housing and tulips to bitcoins... You will realize how stupid you are being.

+1 For the sexiest play on word by chick in Bitcoin that knows her shiit! :) lol!

I really thought about 50 €. If the rate does not stop to grow, I could pay out my 50€ later. If I lose 50€ it would not hurt too much. But still afraid that the melting point is reached until the weekend.  ;D

I'm sitting with 2.5 btc and thinking about buying another 0.5 with the last funds that I can spare. It's not fun being poor and late to the party, like we both are. But you can earn back €50 easily whether it crashes or not. It's not like you'd be out on the street. Speaking for myself, I went in at $140 simply because I knew I'd regret it more if I didn't, no matter the outcome.

True... my 50€ are rather savings and would be in next month because of the job. The ugly thing is that the rate grows faster then we can think about our decision to spend a few bugs :D But I wil make a decision today I guess.

The "it is a bubble" and the "It wont stop growing" factions in the forums just confuse me. My brain is like forth and back after reading many topics here.

~0.75BTC / hour
PM me...

That's gonna be a pretty high price in a few days' time  ;D

Actually, it's the other way around.