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So stock, property are not man-made? Why do you think something has no value because it's man-made? Cash is also man-made. Holding BTC has only one risk, that is suddenly everyone throw it away and think it is valueless, which I've said only will happen when something much better replaces it. Otherwise, it is much safer than any other investment. Buying property, you are betting on the politics, economy, security, and many other things on the location of your property. You have to worry about the earthquake, fire, flood, storm, hurricane, or typhoon. Buying stock, you are betting on the market, competitors, the leadership of the CEO, and many others. Moreover, you have to worry about insider-trading and fraud in accounting. Buying gold or silver, you have to find a safe place to store them and then you need to find a safe place to sell if you want cash. I believe now you will agree with me why I said investing on BTC is the safest and the easiest. That said, I'm not saying it is risk-free. It is highly risky, but investing on anything is risky, and holding fiat without investing is even more risky.  Man made from thin air thats what i meant , and i didn't say it has no value but certainly not 900 , stocks are different you make earnings from it , its business anyway i didn't say go ahead buy stocks it is safe , BTC is risky as an investment especially at these prices and risky as an asset , your wallet may be hacked at anytime , thieves may steal your password under gun threat ... etc it is not safe at all , the general public certainly wouldn't know how to properly secure their coins , and it is not the easiest to use lets face it you have to know how to use the client and dowanload it and then sync it for few days - growing size of GBs - , and then learn how to buy your BTC and verify your exchange account and fund it and then transfer BTC to your wallet and secure it by encrypting your wallet and have a backup and then know how to send and use your coins and how to transfer it to another person and know about fees , confirmations , waiting time ... etc , believe me it is not the easiest to use not for the public anyway , and btw it is not the fastest as they say , CC wins here - speed wise -, most of bitcoiners are hoarders it is currently a speculative asset and should be treated that way . |
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Funny how many think this price is unsustainable. I bet they hope for huge crash to two digits  Funny how many thin this price is sustainable. I bet they stand a lot to lose which is why they are so delusional PS The 52wk low is about $11.89 To an investor rich or poor, this is not the time they will be buying in It's only possible for BTC to cross $11.89 once, that is if it goes to 0. Otherwise, you will never see $11.89 any more. When paper money is keep printed in a faster and faster rate, people have to invest something to fight with inflation,, no matter it is gold, silver, property, or stock. Now bitcoin is the easiest and safest, besides it is possible be used as currency directly. Therefore, it will only goes to 0 if there's something much better than it is invented. We haven't seen anything close yet. Keep this in you mind, and you can know better the value of BTC. Those compare BTC with West Union and Paypal miss one big point. West Union and Paypal are dealing with fiat, and they can never help you to survive the inflation. BTC = Paypal + Gold. Its not the safest nor the easiest , its risky and may go to zero at some point unlike property and other assets , we're in a bubble but we r in the delusion greed phase right now , so it is understandable to not see that its not easy to see that , nobody knows where is the top , it could be higher but we will visit lower prices at some point that's for sure , taking some profit here is wise take some and keep some , BTC is a man made digital currency , so it is another form of fiat i don't see the difference , the 22 M limit is meaningless ... if i can find binary options on BTC to be lower i would take , i need a binary 0-100 type of options like IGmarkets was used to offer on BTC but unfortunately not anymore ... |
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Edward
Yes it is unsustainable at these prices and yes it will drop hard but to be honest i don't know where is the top , it could be between 1-2 K , so it isn't that far but we will visit lower prices again that's for sure , BTC price bloated alot within a short period of time at the beginning of the year it was at what $13 so lets get real , i have seen many penny stocks that jump and drop within a short period of time and i've seen some penny stocks jump and make a correction then visit the top again then go sideways -but drifting slowly to the downside - for a long time until it reaches the starting point again 0.0001 , if i've learned one thing in life it would be that making money is hard and getting rich is near impossible , so think of it why would be buying BTC at 800 a sure easy smooth bet ?
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FYI
inputs.io, bips, the australian and the czech exchange just got hacked,
that's 3 cases totaling around 9000btc in less than 2 weeks.
i would not risk buying at this prices even if it rises to 1000 or more
just look at the charts...
Thats why the public will embrace btc it is very safe ... |
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Noone cares about your scamcoins.
It is subjective , to most people and the public BTC itself is considered a scam .... |
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Bitcoin basically is electronic gold, only better. It's scarce, can't be counterfeited or inflated, it has no weight and can't be confiscated or destroyed by uncle Sam.
Well , history has already contradicted this point. Let's wait another year and look back at this. Maybe there will be another one wrong. If you are thinking about SR or Gox holding people hostage, that falls under willingly handing your money over to someone else. I'm talking about cracking wallets. From what I understand it is as close to impossible as anything computer related gets.  ROFL |
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Buy now and regret later .
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Notice the first sell-off on the chart , then the media attention , then the greed and delusion .. sound familiar ?
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You can see the bubble phases on the chart , we are currently at the public phase becareful and speculate/invest with caution don't cry or regret your own actions if it drops , yes the top may be much higher but this is a bubble period , whether you like it or not get real it was $13 at the beginning of the year , i am used to this i see this all the time at penny stocks : hype and mania in forums/boom/crash , yes BTC may succeed someday but not like this , now its a speculative security not a digital currency nothing wrong with that but don't be delusional and trade with caution . http://www.thereformedbroker.com/wp-content/uploads/2011/06/bubble-phases.jpg |
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Just bought @ $126  Damn, I sold them all at single digits, should I buy back @$230 now? Be patient its going down again  Ok, I've sold all my Bitcoin - what do I do now?
Pay your taxes . Ok, I've sold all my Bitcoin - what do I do now?
I'd sell a few more. Ok, adding a massive short sell. Me too. If you know anybody who has some extra bitcoins let me know and I'll sell theirs too. No need to borrow , just use naked short selling ... |
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Just bought @ $126 |
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Bitcoin is not only a store of value. Please google it more next time.
What is it then? Useless psuedo bullshit, bitcoin was created to get the sheep to accept digital currency, it will be replaced by government backed digital currency and botcoin will just die thereafter when they deem ready to murder it. Ohh you see all these Bitcoin scams can't trust some black market currency, but you can trust ECB and FED backed digital currency. Bitcoin knew about its mass scaling problems and did jack shit in the last 5 years to address them, either really stupid or done on purpose. +1 Agree , a digital currency backed by the govt will work and will succeed better , however BTC may succeed as a digital currency when there is chaos maybe i don't know , but anyway its not about BTC specifically its about digital currency , BTC in itself is nothing is just another form of paper money man made currency in a digital form with a limit , that's it its nothing really , any group of people/country can make another form of BTC , that's why it will drop hard but not necessarily die .... |
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1- What can you buy with a 1 million $ if it happens that's what matters .
2- Many will get out on the way up at 1K 2K ... etc .
3- If it spikes to 1 million $ you wont be able to get out , it is a temp spike then back down , exchanges down ... etc .
4- We are currently in a bubble as it is yes it may spike to few Ks but that's it a spike and @ $100 again is not out of the question .
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Here , is it going to die soon i wouldn't say so , anyone familiar with penny stocks knows what i am talking about , many traders like me have seen such bubbles over and over again it happens all the time in other assets , that being said i am nearly sure we will drop again to $100 , but i cant be dead sure really , look at the forums it turned to another penny stock holders forum , most are hoarders , speculators , bullish , bearish ... etc you get what i am at , that's not what BTC is suppose to be , where is innovation threads , where is the "eco system" expanding program ? All i see hoarders care about BTC value in $ terms looking/dreaming to get rich soon , nothing wrong with that i myself a speculator but i wouldn't buy at these prices , when it goes below 100 i will think about it . Its a bubble and its going to burst even if the price skyrockets to few $ Ks its irrelevant and its going down but that doesn't mean BTC will die soon ...
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BTC is at $600 at BTC-E and was lower yesterday why would anyone pay 1000 euros = $1300 instead ?!
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"You cant get the cash price of Gold and Silver " !!!
What a moron ...
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"Originally posted by danieldaniel
Reposted for others to read."
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