I don't see any good reason they would dump that much BTC at once, to be honest...it doesn't make sense. They must have lost a fair chunk of change doing that, and I'm not entirely sure what they were trying to accomplish if they were either trying to cash out or genuinely bring the price down.

An "unstable market" is not normal nor good. Granted, Bitcoin is fairly unstable, but prior to recently it was pretty stable around the $230-$250 mark...


Until it forms a bubble and crashes. It's happened plenty of times bud.

I don't want to see that happen, because it would almost certainly mean that we are in a bubble. I already have major doubts about this.

Look, as nice as a price increase would be, you need to be careful guys.

I did get my payment on Sunday as a note with no problems, so I don't think it's a problem that absolutely everyone is facing. Haven't had a problem on my side so far, your mileage may vary though.

"I played around and mixed sin, cos and tan a bit to form a graph and this is what I got, it's unfathomable proof that we will see $560,000 14 months from now"

12 months later

"still legit"

Come on. The graph means nothing bro.

Perhaps we could see an all-time high, but this is definitely unsustainable unless the growth starts to slow down very quickly and I'm unsure if that is going to happen. I'm worried that we're walking right into another bubble and that a lot of people are going to see themselves get burnt.

Still. It's nice that I made a nice chunk of change over the past week.

That's definitely something valuable and it's good to see that we'll have our own official character to use. It should look good as well too now that it has properly been defined and designed and is going to be implemented as its own character, and not just represented by some makeshift alternative!

As of now, today the price on Bitstamp has increased by almost $50 and over 13%. This is not a sustainable increase. I feel like what should have just been a small correction could have just started to spur a massive bubble, and I would be extremely wary of this. Do not get too hyped by this, guys, please. Do not start taking out loans against Bitcoin. I feel it's great the price is increasing, but this is a risky deal for all of us.

I zoned out of the BTC world for a little bit, and I come back and we've passed $400.

I'm sorry, but I don't like this.

We've just entered a horrific bubble.

+$48.54 in one day on Bitstamp. An increase of 13.44%.

This is bad.

That's not true, he said that the last bid extends the length of the auction by 6 hours. So if the auction is about to end and someone bids, 6 hours are added onto the time remaining.

You think a domain that you forgot you registered can really command a starting bid of over $60 and a buy-it-now of over $1200?

They're not that good, to be honest.

Yup, if you can at least.

Actually we've already gone beyond 2 hours since that post, I believe the auction is over and that I won.

That's the thing. If you're really so concerned about the governments of nations around the world, and world economies, the "New World Order", and spying, then whether or not you use Bitcoin you're pretty fucked either way. Using Bitcoin isn't going to protect you from some NWO spying agency.

You are absolutely correct.

I don't hold, I earn and spend. Holding is meaningless unless you seek to make profit, it has no real positive impact on the Bitcoin economy other than decreasing the supply - but that effect is tiny. Actually earning and spending Bitcoin is 100x better than just holding it as it increases adoption and popularity. Sitting here talking about sheeple and waiting to make millions off Bitcoin doesn't help, it sets us back.

They were shit because you were offering $1.50 as the reward and plenty of people said that, jesus christ dude. Don't pay 5% of minimum wage and then get surprised when you get shit designs and you don't have professional people who make $40,000/year doing this stuff popping out at you.

I've been seeing this so often now, a quick flick through my posting history will show that I am getting quite bored of this.

What is the Bitcoin community's obsession with calling people who aren't invested into Bitcoin "sheeple" and rattling on about how the US dollar is going to collapse, how the world economy is going to meltdown, how Bitcoin will be the only currency left yada yada yada. Granted considering this stuff mainly happens in the Economics section of the forum it may not be the most high quality slice of the community, but it's still significant enough to make me raise an eyebrow.

We aren't going to get anyone on our side by calling them sheeple and rattling on like cult members. These people in the Bitcoin community need to get a grip.

Just to make sure, this is my bid, correct?

Just want to be 100% sure.

You're not wrong, but jeez, what is this obsession from everyone on this forum about calling other people "sheep", "sheeple", "uneducated" et cetera. Just like the world economy isn't going to collapse tomorrow, not everyone who doesn't have BTC is a "sheep". It's like the gold bugs who are obsessive.

Sorry, but it's statements like these that really make me stop and think about how far-fetched crypto-anarchists can get. This is basic economics. Inflation (or, as you put it, shrinking purchasing power) reduces the real value of debts. Your two statements actually cancel each other out more than being wholly bad.

The US dollar isn't going to collapse. Get real, come on. Even if the US goes bankrupt, we will find a way, the world will not die and be consumed by fire.

When you people point to increasing debt, you ignore the great recession that happened just 7 years ago. Think this just vanishes?