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Some greedy person who is waiting for a big score. Last night ( or afternoon depending where you live ) price dropped by >200$ in less then 30min. So you never know. I still think even despite China has invested and pumped a lot into Bitcoins, this price isn't normal. So I guess if someone invested his life savings and bought it yesterday for 600-750$ when price drops to 200$ or less he will at least have hearth attack....
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Gold selling is a problem of game companies, because it lowers their revenue. Selling gold is against the TOS. Legality is not an issue.
Many drugs are illegal, which makes them a problem of the state.
In a game like Wow one person selling gold to another isn't lowering thier revenue since Blizzard isn't selling WoW gold. Considering 1k is about 1.0$-1.2$ depending on a realm ( just looked ) and average person can make 1-2k/hour its not much. So I think behind gold selling ( China and so on ) is Blizzard, for them it's not hard to generate random amount of gold to a specific desire. That is why I think gold selling is against the rules, since you are taking their customers... But again, i might be wrong. |
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Yes I do. Its not that hard to search forums and looks for points of interest....
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I am buying BTC and hold them and even forget about them and in 4 or 5 years will look back and see what happened to them.
What do you think about this strategy?
How much do you think each BTC will cost in 5 years?
I will try to buy at least 20 or 40 BTC
Will I be rich in 5 years?
This is a good implementation of the classic buy-and-hold strategy. Yes you will be rich  - most of the appreciation will occur in the next 48 months according to my logistic analysis of bitcoin prices. Put 40 BTC into dukong's ranking calculator to see where you would stand with regard to other holders. http://btc.ondn.net/searchPlease take security seriously. I created a paper wallet from bitaddress.org and put it in my safe deposit box. Then you can forget about it. Bitcoin is still a gamble, and a gamble that could go wrong. Current growth rates are NOT organic, they are a result of media hype leading newbies like you into buying thousands of $s worth thinking he will be rich in 5 years. If we all buy to hold there will be a monumental crash. However, bitcoin does have the potential to make you rich. Growth can be organic, it can be used worldwide, and it can become the most widely used medium of exchange on the internet. But don't think its a get rich scheme guaranteed. Theres a reason the most financially rich and financially smart people in the world haven't got involved yet. This sums it all... People who are new to this think they will become millions if the current trend of price rising stays. Greed will be peoples downfall. I know few people that are sitting on 2k+ coins and they are waiting for 2000$+ to sell.... |
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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 |
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Doesn't sound like such a good idea. You could end up with 1million $ or 0$. Or you may even lose your wallet(s) in the meantime  However, this would've worked a lot better if you did it when BTC was 1$  So what you are saying is that BTC is not gonna go up more, that is going down and is not worth it anymore?  ? I really do not agree with you I thinl btc will hit th 10,000 with in 1 to 2 years... And how did you based your predictions? On what? Tomorrow will probably be the D-day for Bitcoin future when Senate decides ( and most likely it will ) what to do with them. If they give green light price might go to 1000+ in matter of minutes/hours and if they say that everyone who uses them is a terrorist, a threat to national security the price will drop... So you can double your money by Monday evening if you are willing to risk.... |
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It will work but if Bitcoin crashed instead, people ganna default the loans....
wrong. bitcoin always rises from the ashes and you are not possibly that stupid to take a loan for short term. With bitcoin long term is your friend. For unexpected crashes you will need to have the plan B (maybe read my hypothesis again). By your logic you can take 50.000$ loan, buy 100 Bitcoins and you can make 500.000$ in a shot amount of time? Do you really think bitcoin will be worth 5000$ and if you think why don't you risk it and buy? Don't go to bank, talk to family members, sell house, car get 100.000$ and invest if you are sure that scenario is possible... |
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Banks don't gamble, and trading in Bitcoins atm is a huge gamble.
For a bank it is much better to give loans with annual interest of 12% or more.
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Just don't be to hyped about it, as any bubble it will burst in time.
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Tomorrow it there is going to be some talk about Bitcoins we will know the future. Price might drop drastically or raise. What ever happens I still haven't my amount that i'm using to have fun on market |
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On Monday price will either drop or be 550$+ or much more.
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How I am really not sure how the price will settle, I sold almost all now ( yesterday ) and now im waiting for the price to drop and buy. I hope Monday will be the day, something tells me the price will drop to 300$. Even if the price raises I will still earn a lot. So atm I am happy |
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Everybody with more than 100BTC please post your address with it, so we can tell you apart.
Hahahahahahahah... This made my grim day much better |
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When btc are a million dollars each, owning a coin will not make you a millionaire, it will make you a single-aire.
And that will never happen. |
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Probably nothing |
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I would be happy to see 1000$ for bitcoin, but even that is 2 much. The moment when it goes mainstream the value will drop.
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Atm i have close to 100 on my wallet, made a lot past 10 days on that insane price jump. Will sell some 40 and go back to 60 that I will continue to play the market |
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I'm saving all I have and trading them on market, selling for higher price buying for lower price...
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Still not there, Bitstamp = 235$ atm and it was 260$+ when it was highest.
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