Bitcoin Forum

The value has increased with 15 % during the last 8 hours. Isn't that sick? How long can this keep on rolling? It has to stop, right? I just can't wrap my head around this, it feels like madness. It's feels like an increasingly growing train wreck. I mean, there are barely any merchants/sites that even take bitcoin. The number of merchants can't justify the ridiculous value growth, right? I just hope that people don't get broke when the train crashes.

Until everyone on earth is filthy rich.

Markets can remain irrational longer than we can remain solvent. :)

It's not a money making machine. Everybody can't get rich. Some people will win, some people will lose.

The End Is Near  ;D

Keynes :)

It will stop when people will say "no, I will not pay that much for a bitcoin".

Which merchants take gold? :)

I'm almost starting to hope so. Because this is getting ridiculous, and I don't want to see too many people becoming poor when it crashes. Better to crash sooner than later imo.

That's the result of the Bitcoin mass media frenzy.

Correction will come inevitably. The only question is at what pricing it'll start.

I predict at least 80% value correction when this happens.

Just make sure your order executes as close to the top of the free fall as possible, and everything will be golden.

And that will never happen. We will buy mBTC and then whatever next.

1BTC 0.1BTC 0.001BTC 0.0001BTC, we will be buying all of that until we can't because we run out of money.

And after that we start trading our organs for Satoshis.  ;D

Seriously, what happened during the last 8 hours that justifies an increase in value with 15 %? Oh, wait, stupid question. It's obviously only greedy speculators that are driving up the price to the heaven.

And then not even that due to market flooded with organs :D

The price is just melting-up because Bitcoins are seriously undervalued. Have you read this (http://bitcoinmagazine.com/trace-mayer-on-fox-business-why-bitcoin-is-just-getting-started/)?

$240 now.

The LAST cheap coins below $250  :o

Quick!

You can blame proudhon, as long as he keeps posting we will continue to hit record highs. $240 was a given with his recent rash of posts, one more post from him will guarantee $250.

OP, it sounds like you should get out of BTC; soon.

I am hoping it can go up to 1BTC - $1000

Then I can cashout and buy a house using all my btc /converted to USD..

Seriously...

For new guys....

The HASH RATE HAS INCREASED!!! AND THIS ALSO MEANS DIFFICULTY INCREASE....

if it is "VERY DIFFICULT TO MINE BITCOIN"... it only make sense that the value is HIGH!

Just a few years ago you can use your CPU to mine... and the difficulty was not that high... and it was still easy to earn 1btc in a day...

now... with all the ASICS ROLLING OUT!!! IT IS VERY HARD TO EARN 1BTC...

http://orymh.bandcamp.com/track/the-bitcoin-rally-song

This phase, ladies and gentlemen, is known as euphoria.

A few weeks ago I would have said its a stupid price, but no more.

We are automatically comparing a bitcoin with a dollar, and wonder why its so expensive in compassionate.

But what if a bitcoin was called a bit kg of gold?

Then $240 is cheap - and considering that nobody outside this forum and a few internet sites even knows anything sensible about bitcoin - This could run for at least another 2 years before we get to a point where people stumble.

I really can't see anything stopping it going up for at least another 6 months - even if it does slow down a little! ;)

Very good note

This statement is out of context. This is not paper for some shit. This is MONEY man, you can pay with it. With tulips you would hardly do so.

I've noticed that price goes up during the Asian and Euro time zones, then stagnates or drops during American time zones.

Stop being naive. I could settle any debt I have right now with my physical gold. I can't say the same for my BTC. This is the silliness that's so pervasive on this forum right now. Just another indicator for me at least.

I don't think their media outlets are working quite as hard to discredit Bitcoin.  Not that anyone in Europe will believe the gov propaganda at this point anyway :P

No, it'll stop when enough people say "OK, that's enough of a profit for me". Then others will say "oh, I'd better cash out while I can!". After that, yet more will say "Shit, better cut my losses quick!".

Just don't ask me when it's going to happen or how drastic the effect will be....

The price of bitcoin is arbitrary. It doesn't really matter if a single bitcoin costed $ 1 or $ 1000. Because that depends only on the number of bitcoins for sale and the demand.

The problem is the unmotivated, ridiculous growth of the value. It's not sensible with this current growth rate.