One could imagine that Gox is actively selling to stem the price from melting up. Why would they want to do that?
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So... It's getting time to order myself a sturdy safe for my paper wallet. Anyone else gets the same feeling? :p
Yes.
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Bitcoin price can't simply go up forever.
For every practical purpose you can say that Bitcoin price can go up forever. Just think if al lthe money now in gold and tax haven accounts would come to Bitcoin. Bitcoin price would expolode to almost unimanigably heights.
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Case in point: PokerStars...
They have everything to gain if they start accepting it. There is no logical reason why they shouldn't. How about an uncertain regulatory future, all the effort they've put into looking legit and fight money laundering then associating with an untraceable currency, having to deal with stolen (or not) BTC being traced to their wallets and someone demanding it back, exchange rate wilder than an angry bull making it highly risky to allow any tournament play since their $2.20 buyin could be worth $.50 or $4 two hours later? How about trying to figure out rake? Not that there's not positives, but I can think of plenty of logical reasons why they wouldn't. Just sayin'. Well they could use BitPay so users Bitcoins would immediately turn into fiat money.
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That's some fine, lengthy journalism right there. I could curl up and read it in bed tonight.
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Best Bitcoin article I have read!
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Me.
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some bears coming out to play ...
And again they are going to get slaughtered.
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I wonder how many bears have smashed there computers after looking at the price the last week? Lol
Bears seem to be so stupid that I'm wondering how they were smart enough to buy Bitcoins at the first place.
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Nice try bears.
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Cheap coins! Buy, buy! You are probably never gonna get them this cheap again.
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If you don't have disposable income, don't borrow money. Think like you will completely lose your investment.
If I would not have any BTC or fiat if would definitely take small loan to buy some BTC. I think that the risk to lose completely couple of grands is much smaller risk than the risk that one day 1 BTC will be priced 100k$ and you missed the train. I am much more willing to take the risk to lose my money investment in BTC than to take the risk of missing the train.
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This is so funny.
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Like I said, this is low volume, and probably indicative of a last irrational push before the serious dumping begins. The media is going have a lot of fun reporting I-told-you-sos in the next few weeks.
Now I am almost convinced that proudhon is just trolling. I mean come on...
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Case in point: PokerStars...
That's what I am waiting for too. Has someone approached them yet?
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I think if we can see some more market stability - more online merchants will adopt btc as a payment method - which in turn will reduce the amount of "Cash Exit" clients. - If you could buy fuel cards / clothing and even pay your electricity bill with BTC then you would be less inclined to exit.
This. If I could pay my rent and groceries with BTC there would be almost no use for FIAT money for me.
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Many people seem to be really scared that the price will crash when early adopters star to dumb their Bitcoins. But what they don't understand is that soon there won't be any need to cash out. When price is 10k$/BTC you can just buy your mansion or yacht with Bitcoins directly.
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