BTC Books
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Activity: 84
Merit: 10
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April 06, 2013, 02:30:36 AM |
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Idiot. If the Cyprus crisis was the true spark, Colombo said he would expect gold and silver prices to rise in tandem, but that hasn't been the case. What good is gold in Cyprus, with their stringent money/banking/border controls? How do you sell it? How do you get it out of the country without the risk of confiscation? |
Dankedan: price seems low, time to sell I think...
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mestar
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April 06, 2013, 04:03:08 AM |
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That is good financial advice. Sell your assets for $15 when the market is supporting $130+ sales.  So, the guys advice was to wait until the price goes to $15 and then sell? |
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mestar
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April 06, 2013, 04:12:24 AM |
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an asset is worth at a given moment what the market says it is worth at that given moment. No more and no less.
Therefore there are no arbitrage opportunities ever. |
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freequant
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April 06, 2013, 04:52:58 AM |
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Im feeling generous so Ill buy his bitcoins for 20 a piece... I'll pay USD 21. I'll pay USD 22! USD 23 here |
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Elwar
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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April 06, 2013, 05:42:03 AM |
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Im feeling generous so Ill buy his bitcoins for 20 a piece... I'll pay USD 21. I'll pay USD 22! USD 23 here It is over...I will pay $50 a piece. |
First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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twobits
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April 06, 2013, 05:51:06 AM |
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That is actually a positive over last coverage in 2011 where many reports could not seem to see bitcoin have any real long term value. Thing I have been wondering though, is what you can move bitcoins into if you think they are over valued but don't wan't fiat. |
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Transisto
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Activity: 1731
Merit: 1008
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April 06, 2013, 06:44:27 AM |
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he expects prices to retreat back to per-enlightement levels -- less than $15 apiece. FTFY People don't just unlearn what Bitcoin is. |
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BTCisthefuture
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April 06, 2013, 08:21:53 AM |
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He does make a lot of valid points and he does have a long history of having a proven track record on things like this.
Just like with all bubbles people who are riding it out or in love with it will refuse to admit anything bad could happen. I wouldn't expect to see much less on a forum full of bitcoin fans like ourselves.
The bitcoin fan boy in me wants to say everything is going great and it's only going to get better. The common sense in me though says that yes bitcoin shows all the signs of a bubble and bubbles rarely end ell. Bubbles can last for years though (both the housing and tech bubbles were warned about 5-6 years before they crashed) so it's very relaistic that bitcoin can continue to preform well. But I do tend to agree that there is a bubble going on, and I really hope that is has a soft landing instead of a hard one.
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BTC Books
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Activity: 84
Merit: 10
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April 06, 2013, 08:31:48 AM |
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He does make a lot of valid points and he does have a long history of having a proven track record on things like this.
Just like with all bubbles people who are riding it out or in love with it will refuse to admit anything bad could happen. I wouldn't expect to see much less on a forum full of bitcoin fans like ourselves.
The bitcoin fan boy in me wants to say everything is going great and it's only going to get better. The common sense in me though says that yes bitcoin shows all the signs of a bubble and bubbles rarely end ell. Bubbles can last for years though (both the housing and tech bubbles were warned about 5-6 years before they crashed) so it's very relaistic that bitcoin can continue to preform well. But I do tend to agree that there is a bubble going on, and I really hope that is has a soft landing instead of a hard one.
Such as? I'd appreciate being pointed to his record on things like bitcoin... |
Dankedan: price seems low, time to sell I think...
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RodeoX
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The revolution will be monetized!
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April 06, 2013, 01:13:23 PM |
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That is good financial advice. Sell your assets for $15 when the market is supporting $130+ sales. So, the guys advice was to wait until the price goes to $15 and then sell? well, no he wasn't really saying to sell at a loss. But he was stating that the real price of a bitcoin is $15. Apparently his opinion is superior to the voting with money that is going on at the exchanges. |
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the founder (OP)
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April 06, 2013, 02:19:11 PM |
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he was stating that the real price of a bitcoin is $15. Apparently his opinion is superior to the voting with money that is going on at the exchanges.
It is, he was cited by CNN so it must be the truth right? LOL! seriously this reminds me ALOT about circa 1994 when everyone started hearing about "Cyberspace" and this thing called the "internet" |
Bitcoin RSS App / Bitcoin Android App / Bitcoin Webapp http://www.ounce.me Say thank you here: 1HByHZQ44LUCxxpnqtXDuJVmrSdrGK6Q2f |
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johnyj
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Beyond Imagination
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April 06, 2013, 02:21:10 PM |
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Regradless of existing money, FED is printing 85 Billion new USD per month, and bitcoin has only 108K new coins per month, even just 1% of those new money goes into bitcoin, it is $7870 per coin  |
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Boussac
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e-ducat.fr
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April 06, 2013, 03:13:34 PM |
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Leave them fuck around. They all just realized this is the future of money and none of their so-called experts predicted shit. They have been boxed in their own little world of scam and fraud for too long. Now it hits them and they are trying their sly methods of pushing the price down, which will prove to be impossible looking at how valuable Bitcoin is as an asset. I am honestly laughing my ass off here, watching the self proclaimed experts, bankers and financial guru being completely and utterly owned by Satoshi's invention of Bitcoin. Great show bankers, but we will take it from here  This. Not only do the "expert economists" (translation: bank-sponsored economists) fail to predict anything right like dinosaurs failed to see the asteroid, but they have a hard time understanding what bitcoin is because they cannot pidgeonhole it. As Einstein once said: you do not solve a problem with the brains that created it. |
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DoomDumas
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Bitcoin
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April 06, 2013, 05:21:20 PM |
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Im feeling generous so Ill buy his bitcoins for 20 a piece... I'll pay USD 21. I'll pay USD 22! USD 23 here It is over...I will pay $50 a piece. I'm offering 100$ each ! who sell at this price ? the so called "expert" on CNN did'nt have any to sell anyway  |
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giszmo
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Activity: 1862
Merit: 1105
WalletScrutiny.com
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April 06, 2013, 06:08:00 PM |
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Im feeling generous so Ill buy his bitcoins for 20 a piece... I'll pay USD 21. I'll pay USD 22! USD 23 here It is over...I will pay $50 a piece. I'm offering 100$ each ! who sell at this price ? the so called "expert" on CNN did'nt have any to sell anyway He could have some of my bitcoins as long as he pays me back with interest in 3 months. (shorting) |
| ɃɃWalletScrutiny.com | Is your wallet secure?(Methodology)
WalletScrutiny checks if wallet builds are reproducible, a precondition for code audits to be of value. | ɃɃ |
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Eri
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April 06, 2013, 06:32:23 PM |
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That is good financial advice. Sell your assets for $15 when the market is supporting $130+ sales. So, the guys advice was to wait until the price goes to $15 and then sell? well, no he wasn't really saying to sell at a loss. But he was stating that the real price of a bitcoin is $15. Apparently his opinion is superior to the voting with money that is going on at the exchanges. i suppose you wernt around for the first bubble then? people were voting with their money then, and it crashed. Id like to think everyone would be weary of another bubble. but allot of people seem to think its impossible... which makes it all the more likely to happen ~_~ |
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