Bitcoin Forum

Economy => Economics => Topic started by: Simran on November 17, 2013, 11:54:46 AM



Title: It's official, BTC is $500 on MtGox exactly at 5:47 AM CST
Post by: Simran on November 17, 2013, 11:54:46 AM
http://thecryptoblog.com/its-official-btc-is-500-on-mtgox-exactly-at-247-am-cst/


Title: Re: It's official, BTC is $500 on MtGox exactly at 2:47 AM CST
Post by: bitnpieces on November 17, 2013, 12:07:00 PM
To the moon Alice!!


Title: Re: It's official, BTC is $500 on MtGox exactly at 2:47 AM CST
Post by: AnonyMint on November 17, 2013, 12:12:15 PM
Lucky me, I was too busy farting around to sell my 0.2 BTC yesterday.  :'(


Title: Re: It's official, BTC is $500 on MtGox exactly at 2:47 AM CST
Post by: LiteCoinGuy on November 17, 2013, 01:26:54 PM
a little milestone for BTC  :)


Title: Re: It's official, BTC is $500 on MtGox exactly at 2:47 AM CST
Post by: MilesJohan on November 17, 2013, 01:46:26 PM
Wow nice, now LTC is going to go up too...


Title: Re: It's official, BTC is $500 on MtGox exactly at 2:47 AM CST
Post by: defaced on November 17, 2013, 04:17:43 PM
Good work BTC!


Title: Re: It's official, BTC is $500 on MtGox exactly at 2:47 AM CST
Post by: bythesea on November 17, 2013, 04:40:31 PM
Just don't be to hyped about it, as any bubble it will burst in time.


Title: Re: It's official, BTC is $500 on MtGox exactly at 2:47 AM CST
Post by: eindbaas on November 17, 2013, 04:46:54 PM
Bitcoins are like partyhats on runescape. They go so much higher the anyone think. ;)


Title: Re: It's official, BTC is $500 on MtGox exactly at 2:47 AM CST
Post by: lepirate on November 17, 2013, 04:52:20 PM
Just don't be to hyped about it, as any bubble it will burst in time.
Party pooper!  :(


Title: Re: It's official, BTC is $500 on MtGox exactly at 2:47 AM CST
Post by: bythesea on November 17, 2013, 05:03:35 PM
Just don't be to hyped about it, as any bubble it will burst in time.
Party pooper!  :(

No, not really :) I'm just realistic, we all know that at least 90% of all bitcoins trades are done solely for "shady" businesses, what will happen if Bitcoin reaches, some magic number of 10.000$ ( that most people here hope it will ). I'm atm holding some 60BTC that I keep just to trade ( buy low, sell high ), that is the amount i am willing to risk. What do you thing will happen when price goes to even few K? Everyone will start to cashout, If you are not lucky enough to be in the top few % who will sell for that you will lose. And keep in mind that someone has to be willing to pay that amount for 1 BTC :)


Title: Re: It's official, BTC is $500 on MtGox exactly at 2:47 AM CST
Post by: lepirate on November 18, 2013, 07:25:30 AM
600$ on gox!  ;D


Just don't be to hyped about it, as any bubble it will burst in time.
Party pooper!  :(

No, not really :) I'm just realistic, we all know that at least 90% of all bitcoins trades are done solely for "shady" businesses, what will happen if Bitcoin reaches, some magic number of 10.000$ ( that most people here hope it will ). I'm atm holding some 60BTC that I keep just to trade ( buy low, sell high ), that is the amount i am willing to risk. What do you thing will happen when price goes to even few K? Everyone will start to cashout, If you are not lucky enough to be in the top few % who will sell for that you will lose. And keep in mind that someone has to be willing to pay that amount for 1 BTC :)
It could be that way, so I hope at the time when 1 bitcoin goes for 10.000$ there will be a bitcoin economy big enough to handle a cash out from all speculators! :)


Title: Re: It's official, BTC is $500 on MtGox exactly at 5:47 AM CST
Post by: cooldgamer on November 18, 2013, 11:50:34 AM
The rest of the exchanges will probably bust $600 today, this is insane!


Title: Re: It's official, BTC is $500 on MtGox exactly at 5:47 AM CST
Post by: Mysticsam_3579 on November 18, 2013, 12:00:24 PM
Bitcoin have broken the $600 mark ,,this is crazy in short. My question is "Who is buying all the bitcoins?"


Title: Re: It's official, BTC is $500 on MtGox exactly at 5:47 AM CST
Post by: crazy_rabbit on November 18, 2013, 12:12:20 PM
Bitcoin have broken the $600 mark ,,this is crazy in short. My question is "Who is buying all the bitcoins?"

Judging from the fact that my facebook inbox is filled with people asking me about bitcoin, I'd say it's people in masse.


Title: Re: It's official, BTC is $500 on MtGox exactly at 5:47 AM CST
Post by: AlgoSwan on November 18, 2013, 12:23:44 PM
600 was Kaiser's first short-term target. I think five digits are quite possible once we enter mania-phase which is probably located @ around 3000's. So, you ain't seen nothing yet.


Title: Re: It's official, BTC is $500 on MtGox exactly at 5:47 AM CST
Post by: LightningBlade on November 18, 2013, 12:31:11 PM
And it is hitting $650 soon...


Title: Re: It's official, BTC is $500 on MtGox exactly at 5:47 AM CST
Post by: davidorentol on November 18, 2013, 12:38:07 PM
We're Going to 1 000 000 in 1 month lol
1 trillion in 5 months
So, you ain't seen nothing yet


Title: Re: It's official, BTC is $500 on MtGox exactly at 5:47 AM CST
Post by: fattypig on November 18, 2013, 01:47:29 PM
Bitcoin have broken the $600 mark ,,this is crazy in short. My question is "Who is buying all the bitcoins?"

It has to be the Chinese people.... no body on earth would have such high impact...