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What was the last print?
97.28 is what it died on. |
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Stand back up bears and take down that $90 wall!
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95!! You still have a chance to sell in double digits guys!! Sell sell sell!!
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Back to 100.00 and sinking, the good old fashioned bull trap  |
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65! See you at rock bottom boys!
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SELL IN THE DOUBLE DIGITS WHILE YOU STILL CAN!!!!!!!
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KABOOOM!!!!
I'm calling the low at $15
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Bought 200,000 starting at $50...price is back up to $250...
woo hoo!!!
I guess you got your paycheck early then? |
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Bought 265BTC for $37.70 for $10k at the beginning of march, sold them all off today at $191 for just over $50k.
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You know this for sure because?
Don't get me wrong, I am all for the idea behind bitcoins, but this recent price run up is definitely not due to practical implementation of bitcoin for real world uses. The price is increasing because people have been reading news stories about how a bunch of people became millionaires from investing in bitcoins and they want to do the same. Bitcoins true value as a decentralized currency has been pushed to the side. If there weren't so many people going crazy over the price bitcoin it could achieve a more natural growth. |
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The price has risen too fast, it has gone parabolic, this is due to overspeculation, some may attribute it to price realization however growth like this has *Never* been sustainable. I would have much prefered a steadier growth.
Bitcoins current price is not in line with its utility value at this point in time, people are getting greedy looking for a get rich quick scheme. Bitcoin was not designed so we could all be millionaires, but designed as a decentralized currency where fees are an order of magnitude smaller than traditional payment methods as well as the inability for governments to devalue your money through hyperinflation.
People have begun hoarding their bitcoins rather than spending them and without active commerce bitcoins intrinsic value is nothing.
I can't tell for sure when the crash will happen, but I feel that we are nearing critical mass. It may reach $250-$300/BTC before it happens, however I feel it is inevitable.
I for one have liquidated my holdings.
More people are interested in Bitcoin therefore crash. QED People are interested in bitcoins to make a quick buck and not for its inherent value therefore crash. |
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The price has risen too fast, it has gone parabolic, this is due to overspeculation, some may attribute it to price realization however growth like this has *Never* been sustainable. I would have much prefered a steadier growth.
Bitcoins current price is not in line with its utility value at this point in time, people are getting greedy looking for a get rich quick scheme. Bitcoin was not designed so we could all be millionaires, but designed as a decentralized currency where fees are an order of magnitude smaller than traditional payment methods as well as the inability for governments to devalue your money through hyperinflation.
People have begun hoarding their bitcoins rather than spending them and without active commerce bitcoins intrinsic value is nothing.
I can't tell for sure when the crash will happen, but I feel that we are nearing critical mass. It may reach $250-$300/BTC before it happens, however I feel it is inevitable.
I for one have liquidated my holdings.
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There is more resistance back down to $90 than there is to $200
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Bitcoins are not supposed to redistribute wealth evenly nor are they designed for a communist regime.
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